Westshore Terminals Investment : First Quarter Report

About this update from Westshore Terminals Investment Corporation

[{"type":"text","content":"\n First Quarter Report\n \n \n For the three months ended March 31, 2025\n \n \n 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.\n \n \n 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\").\n \n \n 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.\n \n \n Caution Concerning Forward-Looking Statements\n \n \n 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 https://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.\n \n \n Forward-looking information included in this document includes: statements regarding Westshore's future revenues and the impacts thereon, including anticipated throughout vol...

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