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Westshore Terminals Investment Corporation Second Quarter Report For the three and six months ended June 30 , 2026 Westshore Terminals Investment Corporation ( the “ Corporation ” ) was incorporated under the Business Corporations Act ( British Columbia ) on September 28 , 2010 and is domiciled in Canada . The registered and head office of the Corporation is located at Suite 1800 , 1067 West Cordova Street , Vancouver , British Columbia V6C 1C7 . The Corporation owns all of the limited partnership units of Westshore Terminals Limited Partnership ( " Westshore " ) , a limited partnership established under the laws of British Columbia . The Corporation derives its cash inflows from its investment in Westshore by way of distributions on Westshore's limited partnership units . Westshore operates a coal storage and unloading / loading terminal at Roberts Bank , British Columbia ( the " Terminal ” ) . Westshore's operating revenues are derived from rates charged for loading coal onto seagoing vessels . Westshore is currently undertaking significant infrastructure additions to the Terminal to allow it to handle potash for BHP Canada Inc. , a subsidiary of BHP Group Limited ( “ BHP ” ) . Westshore's results are affected by various factors , including the volume of coal shipped by each customer , and their contracted rate per tonne , as well as Westshore's operating costs and capital expenditures . Caution Concerning Forward - Looking Statements This MD & A contains certain forward - looking statements , which reflect the current expectations of the Corporation and Westshore with respect to future events and performance . Forward - looking statements are based on information available at the time they are made , assumptions by management , and management's good faith belief with respect to future events . They speak only as of the date of this MD & A , and are subject to inherent risks and uncertainties , including those risk factors outlined in the Annual Information Form of the Corporation filed on http://www.sedarplus.ca , that could cause actual performance or results to differ materially from those reflected in the forward - looking statements , historical results or current expectations . Forward - looking information included in this document includes : statements regarding Westshore's future revenues and the impacts thereon , including anticipated throughout volumes and loading rates , distribution of throughput by customer , the US / CDN dollar exchange rate , anticipated rail performance , and the impact of construction activity at Westshore ; statements regarding expected duration and impact of the required outage at Berth 2 ; statements regarding Westshore's potash project , including the timing of payment and amount of Westshore's capital contribution to the project , Westshore's ability to fund and the sources of funding for Westshore's capital contribution to the project , the project schedule and expected completion date , and timing of meaningful revenue from handling potash ; statements regarding the fraud that Westshore was a victim of , including the funds recouped through the ongoing legal proceedings and the net financial impact ; Westshore continuing to meet annual operating and capital requirements and payment of the dividend and managing variations in working capital without any need for financing except for material capital improvements ; the absence of liquidity concerns with respect to the ongoing operations of Westshore ; funding requirements of post - retirement benefit obligations ; and assumptions in connection with critical accounting estimates . Forward - looking statements should not be read as guarantees of future performance or results , and will not necessarily be accurate indications of whether , or the times at which , such performance or results will be achieved . There is significant risk that estimates , predictions , forecasts , conclusions and projections will not prove to be accurate , that assumptions may not be correct and that actual results may differ materially from such estimates , predictions , forecasts , conclusions or projections . Readers of this MD & A should not place undue reliance on forward - looking statements as a number of risk factors could cause actual results , conditions , actions or events to differ materially from the targets , expectations , estimates or intentions expressed in the forward - looking statements . Specific risk factors include , among others : Westshore's dependence on coal shipments , which are in turn affected by global demand and competition in the supply of seaborne coal , the ability of customers to maintain or increase sales or deliver coal to the Terminal and fluctuations in exchange rates ; fluctuations in inflation rates ; Westshore's ability to renegotiate key customer contracts in the future on favourable terms or at all ; global changes in climate change initiatives and environmental regulations and policies ; and risks related to the construction and operation of the potash project , including cost overruns and delays . See risk factors outlined in the Annual Information Form referred to above .