Sherritt Releases its 2024 Sustainability Reports
TORONTO, August 07, 2025--(BUSINESS WIRE)--Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S) is pleased to announce the release of its 2024 Sustainability Disclosures, including its Annual Sustainability Report, Climate Report, Tailings Management Report and Sustainability Scorecard outlining the Corporation's performance on environmental, social, and governance ("ESG") matters.
"Sustainability is fundamental to our business, to our social license to operate in our host communities and countries and to our valued customers and other stakeholders," said Leon Binedell, Executive Chairman, President and CEO of Sherritt. "Our 2024 reports showcase how we are elevating our performance across health and safety, environmental stewardship and responsible production and supply. In 2024, we embarked on a thorough review of our sustainability vision. We refreshed our near-term targets, updated our long-term goals and ensured our sustainability strategy is aligned with the feedback from our partners, customers, communities, and investors. This process has strengthened our resolve to deliver lasting value to all our stakeholders and I am proud to affirm our progress as we mark another milestone year in our sustainability journey. We encourage our stakeholders to review these reports, as your insights and perspectives help shape and drive our shared goals."
Highlights from Sherritt's 2024 sustainability reports include:
Health and SafetyHealth and safety remains Sherritt's highest priority. In 2024, far-reaching enhancements to safety practices and policies were implemented. A series of safety strategy sessions were completed with each operation to create a multi-year roadmap for continued safety enhancements with an initial focus on felt leadership, supervisor training, contractor safety protocols and learning and development to strengthen safety culture and promote safe workplace behaviours at all operations.
Environmental StewardshipSherritt has a strong environmental management system that is designed to align with global standards, comply with regulatory requirements and maintain the Corporation's social license to operate.In 2024, Sherritt commenced the Moa JV's low-capital-intensity tailings project. The project, expected to be completed in late 2026, will be engineered and built to international standards and deliver an environmentally responsible tailings solution that will last for the entirety of the mine's estimated 25 year life.Work also continued to identify climate-related risks and opportunities and to develop effective mitigation and management strategies aimed at reducing risk and capitalizing on emerging opportunities. Among the key actions undertaken were completing a climate risk and opportunity assessment for Energas S.A. as well as establishing baseline energy and greenhouse gas ("GHG") emissions assessments for Moa Nickel S.A. and Sherritt's operations in Fort Saskatchewan. These initiatives yielded several findings with the potential to lower GHG emissions intensity, reduce operating costs and enhance compliance with customer requirements.
Responsible Production and SupplySherritt continues to demonstrate its commitment to ethical and responsible production, supply and sourcing practices aligning with internationally-recognized industry frameworks. Sherritt achieved a self-assessed Level A in all of The Mining Association of Canada's Towards Sustainable Mining protocols at Sherritt's operations in Fort Saskatchewan and confirmed independent validation of its conformance with the London Metal Exchange's Track B responsible sourcing requirements. Sherritt completed a comprehensive risk assessment of its mineral supply chain against Organization for Economic Co-operation and Development (OECD) standards, identifying no significant risks, and advanced its Indigenous Relations and Reconciliation Road Map, strengthening its commitment to meaningful partnerships with Indigenous communities. As a result of work that began in 2024, Sherritt also became a Participant of the Copper Mark as the Corporation aims to obtain The Nickel Mark award for the refinery facilities in Fort Saskatchewan in the future.
Sherritt's 2024 Sustainability Report, Climate Report, Tailings Management Report and Sustainability Scorecard are available on Sherritt's website at www.sherritt.com.
Sherritt's 2024 Sustainability Report and Sustainability Scorecard were prepared with reference to the Global Reporting Initiative's (GRI) and Sustainability Accounting Standards Board (SASB) disclosure standards.
About SherrittSherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Sherritt's Moa Joint Venture has a current estimated mine life of 25 years and has embarked on an expansion program focused on increasing annual mixed sulphide precipitate production by 20% of contained nickel and cobalt. The Corporation's Power division, through its ownership in Energas S.A., is the largest independent energy producer in Cuba with installed electrical generating capacity of 506 MW, representing approximately 10% of the national electrical generating capacity in Cuba. The Energas facilities are comprised of two combined cycle plants that produce low-cost electricity from one of the lowest carbon emitting sources of power in Cuba. Sherritt's common shares are listed on the Toronto Stock Exchange under the symbol "S".
FORWARD-LOOKING STATEMENTS
Certain statements and other information included in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws (such statements are often accompanied by words such as "anticipate", "forecast", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). All statements in this press release, other than those relating to historical information, are forward-looking statements, including, but not limited to, statements regarding strategies, plans and estimated production amounts resulting from expansion of mining operations at the Moa Joint Venture; the anticipated completion and expected benefits of the Moa Joint Venture tailings project; potential GHG emission reductions; cost savings from identifying climate-related risks and opportunities; and the Corporation's goal to obtain The Nickel Mark award. The Corporation cautions readers of this press release not to place undue reliance on any forward-looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. The key risks and uncertainties should be considered in conjunction with the risk factors described in the Corporation's other documents filed with the Canadian securities authorities, including without limitation the "Managing Risk" section of the Management's Discussion and for the three and six months ended June 30, 2025 and the Annual Information Form of the Corporation dated March 24, 2025 for the period ending December 31, 2024, which is available on SEDAR+ at www.sedarplus.ca.
The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250807270269/en/
Contacts
For further information, please contact:Tom HaltonDirector, Investor Relations and Corporate AffairsEmail: investor@sherritt.com Telephone: (416) 935-2451www.sherritt.com
Effettua l'accesso per consultare il tuo portafoglio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
How To Put $100 In Your Retirement Fund Each Month With Sun Communities Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sun Communities Inc. (NYSE:SUI) is a real estate investment trust that owns, operates, and develops manufactured housing and recreational vehicle communities, as well as marinas. It will report its Q3 2025 earnings on Nov. 3. Wall Street analysts expect the company to post EPS of $2.14, down from $2.34 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is expected to be $709.45 million, down from $939.90 million a year earlier. The 52-week range of Sun Communities' stock price was $109.22 to $147.83. Sun Communities' dividend yield is 3.28%. It paid $4.16 per share in dividends during the last 12 months. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— The Latest On Sun Communities The company on July 30 announced its Q2 2025 earnings, posting FFO of $1.76, compared to the consensus estimate of $1.68, and revenues of $623.50 million, compared to the consensus of $602.15 million, as reported by Benzinga. 'We are pleased to report strong second quarter results with earnings ahead of our expectations, as we demonstrated the strength of our platform. It was also one of the most pivotal quarters in our history as we completed the previously announced sale of Safe Harbor Marinas and repositioned Sun as a pure-play owner and operator of manufactured housing and RV communities with a best-in-class balance sheet. This transaction streamlined operations, unlocked meaningful financial flexibility, and enhanced shareholder value,' said CEO Gary A. Shiffman. The company updated its 2025 guidance, now expecting core FFO per share in the range of $6.51 to $6.67. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. How Can You Earn $100 Per Month As A Sun Communities Investor? If you want to make $100 per month — $1,200 annually — from Sun Communities dividends, your investment value needs to be approximately $36,585, which is around 288 shares at $126.83 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.28% in this case). So, $1,200 / 0.0328 = $36,585 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis. For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Sun Communities stock an attractive option for making a steady income of $100 per month by owning 288 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Sun Communities has raised its dividend consecutively for the last nine years. Read Next: $100k+ in investable assets? – no cost, no obligation. Image: Shutterstock This article How To Put $100 In Your Retirement Fund Each Month With Sun Communities Stock originally appeared on Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
12 minutes ago
- Yahoo
Ready to Enroll in Medicare? Here's Why You May Want to Wait on Social Security.
Key Points Age 65 is when Medicare eligibility typically begins. Though you can sign up for Social Security at that point, waiting could result in larger benefits. Do not be confused into thinking you have to sign up for both programs at the same time. The $23,760 Social Security bonus most retirees completely overlook › Many Americans get health insurance through their employers. So when they retire, they're forced to find another solution. And for a lot of older Americans, that solution is Medicare. Medicare eligibility typically begins at 65. You can actually enroll a few months ahead of your 65th birthday to ensure that you have coverage in place at that point. You may be aware that if you're old enough to get Medicare, it means you're also old enough to sign up for Social Security. But here's why you may want to wait on Social Security if you're signing up for Medicare at 65. You don't want to slash your monthly benefits Many people end up kicking off retirement with limited savings. If that's you, you may end up pretty reliant on Social Security to cover your expenses. And even if you have decent savings, your money could run out. So it's important to try to get as much Social Security as you can. To that end, you may not want to claim Social Security at 65 if you're signing up for Medicare at that point. If you were born in 1960 or later, your full retirement age for Social Security purposes is 67. Claiming benefits ahead of full retirement age will reduce them permanently, leaving you with less retirement income for life. The earliest you can file for Social Security is at age 62. In that case, you're looking at about a 30% reduction in your monthly checks compared to waiting until full retirement age. If you file for Social Security at 65 in conjunction with your Medicare enrollment, you're looking at a smaller reduction -- about 13.34%. But remember, that's a reduction you'll face every single month you collect Social Security. So you may be better off enrolling in Medicare at 65 but waiting at least a bit longer before filing for Social Security. You don't need Social Security to get Medicare One big misconception about Medicare is that you have to be enrolled in Social Security to get that health coverage. If you're getting Social Security, you'll have your monthly premiums for Medicare Part B paid directly out of your benefits. But that doesn't mean you must be on Social Security to get Medicare. If you're not collecting monthly benefits, all it means is that you'll have to pay your Medicare premiums another way. And you can set up automatic payments so you don't have to think about them. You may even want to claim Social Security past full retirement age Not only might 65 be premature to claim Social Security, but you should also know that delaying your filing beyond full retirement age could result in a huge reward. For each year you hold off on Social Security past that point, up until age 70, your benefits get an 8% boost. That boost is a permanent one. And the extra money could do you a world of good once you're no longer actively earning an income. All told, it's important to understand how Medicare and Social Security work together before signing up for either. But you should know that being on Social Security is not a requirement for Medicare enrollment. And if you're signing up for Medicare at 65, waiting on Social Security could mean setting yourself up for less financial stress throughout your retirement. The $23,760 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known could help ensure a boost in your retirement income. One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Join Stock Advisor to learn more about these Motley Fool has a disclosure policy. Ready to Enroll in Medicare? Here's Why You May Want to Wait on Social Security. was originally published by The Motley Fool Sign in to access your portfolio
Wall Street Journal
14 minutes ago
- Wall Street Journal
The Estate Tax Mistake That Can Cost Families Millions
The U.S. tax code is generous when it comes to passing down money to heirs tax-free, and it has only become more so under the new tax law. But for married couples to obtain the full benefit, there is a strict set of rules. Messing up can be disastrous. In the case of Billy Rowland, it cost his heirs $1.5 million in extra estate taxes.
