Sherritt International Corporation Investor Presentation — February 2021

Document content

Review of Financial and

Operational ResultsQ4 Earnings Call

February 11, 20212Forward -Looking Statements

This presentation contains certain forward -looking statements. Forward -looking statements

can generally be identified by the use of statements that include such words as “believe”,

“expect”, “anticipate”, “intend”, “plan”, “forecast”, “likely”, “may”, “will”, “could”, “should”,

“suspect”, “outlook”, “potential”, “projected”, “continue” or other similar words or phrases.

Specifically, forward -looking statements in this document include, but are not limited to,

statements set out in the 2021 guidance slide of this presentation and certain expectations

regarding production volumes, operating costs and capital spending; supply, demand and

pricing outlook in the nickel and cobalt markets; the impact of COVID -19; anticipated

payments of outstanding receivables; drill plans and results on exploration wells; and

amounts of certain other commitments.

Forward looking statements are not based on historical facts, but rather on current

expectations, assumptions and projections about future events, including commodity and

product prices and demand; the level of liquidity and access to funding; share price volatility;

production results; realized prices for production; earnings and revenues; development and

exploration wells and enhanced oil recovery in Cuba; environmental rehabilitation provisions;

availability of regulatory and creditor approvals and waivers; compliance with applicable