Sherritt Files First Quarter 2026 Financial Statements, MD&A and Related Certifications

Sherritt International Corporation filed its unaudited first quarter 2026 financial statements, management’s discussion and analysis, and officer certifications on June 25, 2026. The filing was delayed from the May 15 deadline due to operational and governance disruptions caused by expanded U.S. sanctions against Cuba.

An Ontario Securities Commission cease trade order remains in effect, and trading remains suspended pending regulatory and TSX approval. The company has committed to providing further disclosures regarding the cease trade order and the resumption of trading. No first quarter 2026 financial figures or operational data were disclosed in the news release.

Sherritt International Corporation filed a procedural compliance step that contains no new operational information. With the market halted, the news cannot move the stock price. The filing removes a near-term regulatory overhang and moves the company one step closer to a potential trading resumption, though the underlying business remains frozen.

Sherritt International Corporation holds a 50% interest in the Moa nickel-cobalt joint venture in Cuba, the Fort Saskatchewan refinery in Alberta, a 33% stake in Energas, which provides power generation in Cuba, and oil-and-gas interests in the country. All Cuban interests are suspended following the May 1, 2026 U.S. sanctions expansion, and the refinery is in controlled shutdown. The company’s sole source of potential near-term value is the Alberta refinery and its non-Cuban cash, but that is tied to the fate of the Cuban feedstock.