Sherritt International Corporation Investor Presentation — July 2021

Document content

Review of Financial and

Operational ResultsQ2 Earnings Call

July 30, 2021Participants

Interim CFOSteve Wood

Executive Vice President & COOLeon Binedell

3Forward -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 and electric vehicle markets; the impact of COVID -19;

Sherritt’s strategy, plans, targets and goals in respect of environmental and social

governance issues, including climate change and greenhouse gas emissions reduction

targets; the impact of Cuba’s currency unification; anticipated payments of outstanding

receivables, including re -directed distributions from the Corporation’s Moa Joint Venture

partner; the impact of U.S. sanctions on Cuban; the anticipated renewal of a joint venture

agreement; the potential influx of foreign currency into Cuba as a result of international

vaccine sales by Cuba; and amounts of certain other commitments.