KYMA CAPITAL: THE CAST HAS BARELY CHANGED, AND NEITHER HAS SHERRITT'S PLAYBOOK

Kyma Capital, identified as Sherritt’s largest economic stakeholder, called the company’s December AGM "choreography" and demanded full disclosure of transaction-related incentives. Kyma also confirmed its intention to seek the removal of Dr. Peter Hancock, signaling escalating governance concerns. The news is likely to be more of a company-specific overhang than a market-wide catalyst.