Mr. Glenn Dudar reports

WESTSHORE TERMINALS ANNOUNCES OUTAGE AT BERTH 1 AND UPDATES 2025 THROUGHPUT GUIDANCE

On Aug. 16, 2025, there was a fire on the shiploader which services Westshore Terminals Investment Corp.'s berth 1. The fire crews extinguished the fire safely, and there were no injuries involved. At this time, based on preliminary limited inspection and assuming there is no significant structural damage, the company estimates berth 1 will be out of commission for approximately 10 weeks to perform the necessary repairs to the mechanical and electrical systems. Westshore will provide an update on the duration of the outage once a detailed inspection has been performed and the time to source replacement parts/materials for the necessary repairs is confirmed. Operations at berth 2 will continue in the ordinary course throughout this repair work, and Westshore will work with its customers and the railways to reduce the impact as much as possible.

As a result of the berth 1 outage and based on information currently available, Westshore anticipates throughput volumes for 2025 to be approximately 24.0 million to 24.5 million tonnes, a reduction from the previously disclosed estimate of approximately 26.0 million tonnes.

Additional information will be provided as it becomes available.

We seek Safe Harbor.