Titan America SA

Titan America SA was incorporated in Belgium on July 17, 2024 and is a limited liability company ( soci t anonyme/naamloze vennootschap ) under Belgian law. We are registered with the Register of Legal Entities ( registre des personnes morales/rechtspersonenregister ) of Brussels (French-speaking division) and are registered with the Crossroads Bank for Enterprises ( Banque-Carrefour des Entreprises / Kruispuntbank van Ondernemingen ) under number 1011.751.174. We are majority owned by Titan SA, the parent company of the Titan group of companies. Established in 1902 in Greece, Titan SA is a multinational cement and building materials producer with cement production facilities in ten countries, serving customers in more than 25 countries globally. As of the date of this Annual Report, Titan SA beneficially owns approximately 87% of our common shares. We are a controlled company under corporate governance standards and to take advantage of certain corporate governance exceptions related thereto. In 2023, we completed a $73 million investment at our terminal at Port Tampa Bay, Florida (our Port Tampa Bay Terminal ) and our terminal at Norfolk, Virginia (our Norfolk Terminal ), constructing new domes, adding multi-product storage capacity of approximately 70,000 tons each, as well as on other repairs and refurbishments. On February 10, 2025, we completed our initial public offering of 24,000,000 common shares (the IPO ). The IPO was comprised of a primary offering of 9,000,000 newly issued common shares and a secondary offering of 15,000,000 existing common shares.