Sherritt Provides Update on Joint Venture Activities in Cuba

TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) provides the following update further to its May 4, 2026 news release regarding the Executive Order issued by the U.S. administration on May 1, 2026 expanding its sanctions against Cuba (the “Executive Order”). Brian Imrie, Richard Moat and Brett Richards have resigned from the Corporation's Board of Directors effective immediately. Sherritt has not been formally designated under the Executive.