The Applicable Common Shares per Warrant Ratio disclosed here will apply on any warrant Exercise Date from, and including, October 8, 2019 through November 7, 2019. The next Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended October 31, 2019 will be announced on November 7, 2019. About Sherritt Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide.