NewzIntel.com

Category: Americas

  • MIL-OSI Security: Salvadoran National Sentenced On Reentry Of Removed Aliens

    Source: Office of United States Attorneys

    SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Jose Carlos Vides-Torres, age 46, a native of El Salvador, was sentenced on February 7, 2025, to time-served, by United States District Court Chief Judge Matthew W. Brann for one count of reentry of removed aliens.

    According to Acting United States Attorney John C. Gurganus, Vides-Torres was discovered on September 10, 2022, in Bradford County, having been arrested by the Pennsylvania State Police for driving under the influence of alcohol. Vides-Torres was previously removed from the United States in 2008, and twice in 2011, and had not sought or obtained permission to reenter the United States.

    The case was investigated by the U.S. Immigration and Customs Enforcement and Removal Operations (ERO).  Assistant U.S. Attorney Luisa Honora Berti prosecuted the case.

    # # #

    MIL Security OSI –

  • MIL-OSI Video: USAR 2024: At HOME and ABROAD

    Source: US Army (video statements)

    : Have a look at the efforts of the U.S. Army Reserve’s work at home and abroad.

    About the U.S. Army:
    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #USAR

    https://www.youtube.com/watch?v=My-vbM_ikOE

    MIL OSI Video –

  • MIL-OSI USA: New Mexico State Council Rallies at Roundhouse for Workers’ Rights

    Source: US GOIAM Union

    The legislative building in Santa Fe, N.M., is known as the Roundhouse. Citizens can spend hours there going round and round with different lobbyists and interest groups trying to sway state politicians. This session, IAM members from New Mexico Locals 1635 (Albuquerque), 794 (Albuquerque), and 2515 (Alamogordo) –along with IAM International President Brian Bryant, Western Territory General Vice President Robert “Bobby” Martinez, General Secretary-Treasurer Dora Cervantes, and Resident General Vice President Jody Bennett–took matters into their own hands and scored some impressive wins.                                                                       

    “The reason we do this is because we fight for working people, and when we fight for working people – we win,” said IAM International President Brian Bryant. “And what you were able to do yesterday, by getting an anti-captive audience bill out of committee, that’s a win for working people!” 

    Bryant was speaking about the lobbying efforts of these IAM members to move the Employees Free Speech Act, sponsored by State Rep. Eleanor Chavez, which is aimed at preventing employers from monitoring employees’ political activities and from holding mandatory attendance, anti-union captive audience meetings.

    “We believe that you don’t only fight for things at the bargaining table, you also have to simultaneously fight for things through legislative action and advocacy,” said IAM Local 794 President Ashley Long. “Secondly, we are advocating for paid family medical leave. We know that our members have needs. They’re caregivers to children, to their elders in their family, and we want to make sure this legislation is passed, so that it’s easier for us to codify it in our collective bargaining agreements” 

    “We are building people, to build power, to make significant change for our members in their work life and their communities,” said IAM Western Territory General Vice President Robert “Bobby” Martinez. That concept grows from legendary organizer of the United Farm Workers, Marshall Ganz. “Engaging our members will get us better contracts, win more elections, and we’re just going to win overall. Real change is made when we invest in people!

    IAM members also gathered at a nearby conference center to install new officers to the state council and update their bylaws to reflect needed changes.

    New Mexico State Council President John Dyrcz noted that across the country, people are turning to organized labor to do things for workers that have long been ignored.

    “You see states like Alaska, that are ruby red, but their voters are passing family medical leave because we all need it,” said Dyrcz. “We are going to continue to fight for laws that support workers because it’s the right thing to do. We are going to keep up the fight here in New Mexico.”

    [ Council Meeting Photo Gallery]

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    MIL OSI USA News –

  • MIL-OSI USA: ICE HSI San Antonio and our law enforcement partners arrest dangerous criminal aliens during South Texas enforcement action

    Source: US Immigration and Customs Enforcement

    February 10, 2025San Antonio, TX, United StatesEnforcement and Removal

    SAN ANTONIO – U.S. Immigration and Customs Enforcement, Homeland Security Investigations, along with our law enforcement partners, conducted routine, daily enforcement actions in South Texas that began during the week of Jan. 22.

    Some of the most violent criminal aliens HSI apprehended and removed from the community, include:

    • A 35-old Mexican male convicted of drug trafficking and prior deportation, is now facing re-entry after deportation charges. He remains in federal custody.
    • A 37-year-Honduran male and MS-13 member, convicted of felony fraud and felony weapon offenses remains in federal custody pending his removal from the United States.
    • A 53-year-old Mexican male convicted of aggravated assault causing bodily injury, possession of a controlled substance. The criminal alien has been previously removed and is now facing re-entry after deportation charges. He remains in federal custody.
    • A 30-year-old Honduran male convicted for DWI, forgery and re-entry after deportation, remains in federal custody pending his removal from the United States.

    “HSI San Antonio remains steadfast in its mission to apprehend individuals who pose a significant threat to public safety,” said HSI San Antonio Special Agent in Charge Craig Larrabee. “The arrest of these individuals who have flagrantly violated immigration laws and are actively involved in criminal enterprise, is a vital step in strengthening and protecting our communities and the country’s borders.”

    Individuals can report suspicious criminal activity to the ICE Tip Line 24 hours a day, seven days a week by calling 1-866-DHS-2-ICE.

    MIL OSI USA News –

  • MIL-OSI USA: ICE Boston lodges immigration detainer against Dominican national accused of grisly murder

    Source: US Immigration and Customs Enforcement

    February 10, 2025Lynn, MA, United StatesEnforcement and Removal

    LYNN, Mass. — U.S. Immigration and Customs Enforcement lodged an immigration detainer against Eric Dionida German-Pena, 25, a native and citizen of the Dominican Republic, following his apprehension in Lynn for his alleged role in the murder of a Massachusetts sandwich shop owner during an apparent home-invasion robbery.

    “Eric Dionida German-Pena will have his day in court, but he stands accused of a very serious and disturbing crime against a member of our Massachusetts community. ICE Boston takes its public safety mission extremely seriously — which is why we’ve lodged an immigration detainer against him with Lynn police,” said ICE Enforcement and Removal Operations Boston acting Field Office Director Patricia H. Hyde. “The Commonwealth of Massachusetts has charged him with murder, and with the cooperation of the Lynn District Court, we intend to take him into ICE custody after he has paid his debt to society. ICE Boston will continue our mission of arresting and removing egregious alien offenders from New England.”

    The Lynn Police Department police arrested German February 5 and charged him with the murder. ICE discovered that German illegally entered the United States in September 2022.

    Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE’s mission to increase public safety in our New England communities on X: @EROBoston.

    MIL OSI USA News –

  • MIL-OSI USA: ICE HSI assists Peru’s National Police in large joint operation to arrest Tren de Aragua members

    Source: US Immigration and Customs Enforcement

    LIMA, Peru – U.S. Immigration and Customs Enforcement supported the National Police of Peru in Lima to arrest and dismantle the illicit activities of Tren de Aragua members in the country, Feb. 7.

    Members of ICE Homeland Security Investigations Lima and the ICE HSI Transnational Criminal Investigations Unit supported more than 300 National Police of Peru officers from the Directorate Against Human Trafficking and Illicit Migrant Trafficking in an operation which targeted at least eight specific locations in Santa Anita, San Martin de Porres, and Puente Piedra in Lima, Peru. Approximately 23 individuals suspected of being involved with a human trafficking network were arrested, and more than 80 human trafficking victims were rescued, including three minors.

    “Peru is a dedicated partner in the fight against transnational criminal organizations like Tren de Aragua,” said ICE HSI Lima Attaché Paul Salamon. “Together, ICE HSI and the National Police of Peru are protecting our nations to ensure the safety of our citizens,”

    “Last night, an operation was carried out with the support of ICE HSI Lima to dismantle the remnants of the criminal organization Tren de Aragua in various districts in Peru,” said National Police of Peru General Aldo Juan Ávila Novoa from the Directorate Against Human Trafficking and Illicit Migrant Trafficking. “We have deployed a force of 300 police officers from specialized units and the Shock Force, such as the National Division of Special Operations and the GRECCO group.”

    “Transnational criminal organizations have no place in the strong, secure and prosperous region we are building with our partners,” said U.S. Ambassador to Peru Stephanie Syptak-Ramnath. “The success of this operation, led by the Peruvian National Police with the support of the United States, is a testament to the great work we can accomplish together to improve the security of our citizens and our shared region.”

    Members of the public with information related to criminal activities of transnational organizations can submit an anonymous tip by calling 877-4-HSI-TIP.

    MIL OSI USA News –

  • MIL-OSI USA: Growing Plants in ‘America’s Attic’

    Source: US State of Connecticut

    Carl Johnson ’19 ’21 (CAHNR) starts his day by making the rounds in the greenhouses he tends, checking for any “plant emergencies” or problems with the facility.

    This is standard fare for any horticulturalist. But Johnson is doing it somewhere pretty special. He works at the Smithsonian Institution in Washington, D.C.

    Johnson works in an off-site, high-security production complex that supports all the Smithsonian museums.

    “I’ve heard it referred to as ‘America’s attic,’” Johnson says. “The stuff on this campus is pretty wild. There’s whale bones and mummies and artifacts.”

    Johnson manages a living botanical research collection belonging to the Smithsonian National Museum of Natural History, Department of Botany. This collection supports the work of scientists doing research at the Smithsonian on topics like plant genetics, evolutionary biology, morphology, and species conservation.

    “They’ll travel around the world, and they’ll come back with a seed, or a cutting, or a piece of a plant that they want to grow, and it’s my job to take it and grow it here in D.C. in the greenhouse,” Johnson says.

    Johnson also works with staff from Smithsonian Gardens who produce interior exhibits and horticultural displays around the Smithsonian museums.

    Johnson’s interest in plants and caring for living things started early. He grew up with a small vegetable garden at his house and started caring for plants and pets when he was young.

    “I think it’s rewarding to take care of things and see them thrive,” Johnson says. “It’s very fulfilling to take a plant that might be challenging to grow, then figure out what that specific species needs. In the end, I am, hopefully, successfully growing it and seeing it thrive here in the greenhouse.”

    Johnson worked at Logees Greenhouses in Danielson for a few years before coming to UConn, where he pursued both his associate and bachelor’s degrees in plant science from the College of Agriculture, Health and Natural Resources.

    “I wasn’t the biggest academic person,” Johnson says. “Having the Ratcliffe Hicks associate’s program allowed me to get into UConn and then transition from that to the bachelor’s plant science degree was perfect for me. It brought it all together.”

    At UConn, Johnson joined the Horticulture Club. The student club took a trip to Washington, D.C. and met with James Gagliardi ’05 (CAHNR), with whom one of the other members had interned. Gagliardi was working as a horticulturalist at the Smithsonian Institute at the time.

    The club members toured the U.S. Botanic Garden with Susan Pell, now the director of the organization, which turned out to be an important moment for Johnson.

    “I just found her and her job really inspiring, and I kept thinking about how cool it would be to work in a place like that,” Johnson says.

    As Johnson was preparing to graduate, a position at the U.S. Botanic Garden opened. With the help of UConn’s Center for Career Readiness and Life Skills, two weeks after graduation, he started working there.

    Johnson worked at the Botanic Garden for a few years before moving over to the Smithsonian in his current role. In that prior role, Johnson was responsible for preparing the gardens each morning for the public, checking on plants and cleaning up anything that may have been left by visitors. He then spent most of his days at the production facility where they grow backups of all the plants on display in case one gets sick or damaged.

    “If you think of the plants in the Garden as actors, all the understudies are at the production facility,” Johnson says. “Anything you see on display, there’s three or four extras waiting to take its place.”

    While working at the U.S. Botanic Garden, Johnson got to cross off a major botanical bucket list item – growing a “corpse flower.” The corpse flower, or Amorphophallus titanum, gets its nickname from the rotting-flesh-like aroma its flower produces.

    “When we have a bloom it’s a big deal,” Johnson says. “It only happens every few years, and the public gets really excited, and people who might not even be interested in plants come to see it.”

    Through his years of gardening experience, Johnson says he’s had the chance to grow just about every plant he’d ever dreamed of.

    “Getting into plants, I had favorites, plants that I thought were cool, and I had these dream plants that I was hoping to encounter and grow, and I’ve gotten to grow all of them,” Johnson says.

    Johnson credits his experience at UConn with preparing him for the work he has done since graduation.

    “There’s a lot of basic gardening stuff that comes with this job that I learned at UConn and in my jobs before that people might not think would remain as relevant,” Johnson says. “I still water, I still weed, I still prune. All of those basic gardening skills are still everyday essential things.”

    At UConn, Johson interned at the Plant Diagnostic Laboratory, the Home and Garden Center, and in the Floriculture Greenhouse, taking full advantage of having active greenhouses on campus and the services provided to the community through UConn Extension.

    “I did every possible internship that was available to someone in plant science,” Johnson says.

    Johnson says his internship with Shelley Durocher, laboratory technician in the Floriculture Greenhouse, especially prepared him for the work he does now at the Smithsonian.

    “That’s what [Durocher] does – she works with the researchers, and she grows their plants to whatever their specifications are and for whatever research purpose they have in mind,” Johnson says. “So that was a one-to-one translation. It was a super valuable experience.”

    This work relates to CAHNR’s Strategic Vision area focused on Ensuring a Vibrant and Sustainable Agricultural Industry and Food Supply.

    Follow UConn CAHNR on social media

    MIL OSI USA News –

  • MIL-OSI USA: UConn Health Minute: Dry Eyes Due to Screen Overuse

    Source: US State of Connecticut

    Excessive gaming or digital screen use can cause dry eye syndrome, a condition that can lead to vision problems and difficulty performing every day tasks. As UConn Health’s Chief of the Division of Ophthalmology Dr. Edmund Farris explains, for serious cases, there are new treatments that can help provide relief.

    [embedded content]

    MIL OSI USA News –

  • MIL-OSI: Australian Oilseeds Announces First Quarter Fiscal 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, Feb. 10, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) today announced financial results for its first quarter fiscal 2025 ended September 30, 2024.

    First Quarter Fiscal 2025 Financial Highlights Compared to Prior Year

    • Sales revenue increased 6.1% to A$10.4 million due to strong demand for the Company’s cold pressed canola oil.
    • Retail oil revenue increased 59.9% to A$5.7 million due to expanded distribution in leading retailers in Australia along with the addition of several new SKUs.
    • Net loss of A$0.6 million compared to net income of A$1.4 million, reflecting changes to sales mix along with the timing of planned investments in brand and marketing to support our GEO products.
    • Cash flow from operations improved to A$0.6 million compared to a use of A$1.5 million.

    “We delivered exceptionally strong growth in our retail oils business during the first quarter driven primarily by our expanded distribution in Costco and Woolworths in Australia, ” said Gary Seaton, Chief Executive Officer. “We also benefited from three new SKUs that were launched in coordination with focused, integrated marketing campaigns across our key retail partners. While margins and profitability were impacted by the timing of our investments in branding initiatives during the quarter, as planned, we believe we are still well positioned to drive improving results as our business continues to grow and scale. We remain steadfast in our commitment to eliminating chemicals from the edible oil production and manufacturing systems to supply quality products such as non-GMO oilseeds and organic and non-organic food-grade oils to customers globally.”

    About Australian Oilseeds Investments Pty Ltd. Australian Oilseeds Investments Pty Ltd. is an Australian proprietary company that, directly and indirectly through its subsidiaries, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Bob Wu, CFO
    Email: bob@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com 

    The MIL Network –

  • MIL-OSI: Q2 Metals to Present at the Metals and Mining Growth Virtual Investor Conference February 12th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 10, 2025 (GLOBE NEWSWIRE) — Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce that Q2 Metals President & CEO, Alicia Milne, will provide an overview of the Company and update on activities at its flagship Cisco Lithium Project at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on Wednesday, February 12th, 2025 at 8:30 am PT | 11:30 am ET.

    DATE: February 12th
    TIME:     8:30 am PT | 11:30 am ET
    LINK: https://bit.ly/4hLrzs6
    Available for 1×1 meetings: February 13

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Q2 Metals Highlights and Upcoming Catalysts

    • The fully funded 2025 winter drill program at the Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee Territory, James Bay, Quebec, Canada is currently underway
    • The program follows up on the exceptional drill results from the Company’s inaugural 2024 drill campaign which included:
      • Drill hole CS-24-018 – 215.6 metres (“m”) at 1.69% Li2O
      • Drill hole CS-24-021 – 347.1 m at 1.35% Li2O; and
      • Drill hole CS-24-023 – 188.6 m at 1.56% Li2O
    • The campaign is targeting 6,000 – 8,000 m of drilling using two diamond drill rigs.
    • The first hole, collared on February 3rd, is an aggressive 400 m step out from the easternmost hole of the 2024 drill program (CS-24-022).
    • Initial assays are anticipated in early Q2.

    About Q2 Metals Corp

    Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee Territory, James Bay, Quebec.

    The Project is comprised of 767 claims, totaling 39,389 hectares. The main mineralized zone is just 6.5 kilometres (“km”) away from the Billy Diamond Highway which transects the Project. The town of Matagami, is the end of the rail link to much of James Bay and is approximately 150 km to the south.

    The Cisco Project is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.

    The Cisco Lithium Project has district-scale potential with an already identified mineralized zone and discovery drill results that include:

    • 120.3 metres at 1.72% Li2O (hole CS-24-010);
    • 215.6 metres at 1.69% Li2O (hole CS-24-018);
    • 347.1 metres at 1.35% Li2O (hole CS-24-021); and
    • 188.6 metres at 1.56% Li2O (hole CS-24-023)

    Since May 2024, the Company has drilled a total of 6,359.7 m over 17 holes. All drill holes intercepted pegmatite with visual indications of spodumene mineralization identified.

    FOR FURTHER INFORMATION, PLEASE CONTACT:

    www.Q2Metals.com

    Click to follow us online: 

    X, LinkedIn, Facebook, and Instagram

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Forward-Looking Statements

    This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regarding the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

    Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, the prospectivity of the greenstone rocks in the area, the possibility of future development and mining infrastructure scenarios, the potential for development, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

    Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI: Amerigo Resources to Present at the Metals and Mining Growth Virtual Investor Conference February 13th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 10, 2025 (GLOBE NEWSWIRE) — Amerigo Resources Ltd. (“Amerigo”) (ARG:TSX, ARREF:OTCQX), based in Vancouver, British Columbia focused on producing copper from mining waste are retuning capital to shareholders, today announced that Aurora Davidson, President & CEO, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13th, 2025

    DATE: February 13th
    TIME: 10:30 AM EST
    LINK: https://bit.ly/4gxYz6m
    Available for 1×1 meetings: February 12, 13, 14, and 17

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Amerigo recently announced its 2024 production results which beat guidance on all measurables
    • In addition to 2024 results, Amerigo announced 2025 guidance which projects a strong year of production and cash generation
    • Amerigo provides investors direct exposure to copper prices, while returning capital through quarterly dividends, performance dividends, and share buybacks

    About Amerigo and MVC

    Amerigo is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

    Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world’s largest underground copper mine. Tel: (604) 681-2802; Web: www.amerigoresources.com; Listing: ARG: TSX.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Amerigo Resources
    Name: Aurora Davidson
    Title: President & CEO
    Phone: +1-416-842-9003
    Email: ad@amerigoresources.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: DynaResource to Present at the Metals and Mining Growth Virtual Investor Conference February 13, 2025 at 12:00 pm ET

    Source: GlobeNewswire (MIL-OSI)

    IRVING, Texas, Feb. 10, 2025 (GLOBE NEWSWIRE) — DYNR-DynaResource, Inc. (OTCQX:DYNR) (“DynaResource”, or “Company”) focused on mining its high-grade gold San Jose de Gracia Mine today announced that Rohan Hazelton, President & CEO will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13, 2025.

    DATE: February 13, 2025
    TIME: 12:00 pm ET
    LINK: https://bit.ly/3WNMCCb
    Available for 1×1 meetings: February 13

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Resource Redefinition & Growth with +1M oz Potential: Updated Mineral Resource Estimate expected in 2025 with Long-term District exploration potential 1Moz
    • Optimizing for Profitability: ongoing focus on optimizing operations to improve profitability at the mine and mill
    • Profit Margin Optimization: Cost cutting efforts over last 6 months resulting in progressively improved operating margins – 2025 AISC target $1,850-$2,050/oz produced
    • New Focused and Lean Management Team: New Corporate leadership in late 2024 has extensive experience mining in Latin America and Mexico specifically

    About DynaResource

    DynaResource is a U.S listed high-grade gold producer operating its 100% owned San Jose de Gracia mine located in Mexico, approximately 100 km northeast of Guamuchil and situated in the center of the prolific Sierra Madre Occidental geological zone. Mining commenced in 2016 with a 10,000 oz per year operation and has grown a 25,500+ oz producer today. The Company is focused on creating value through growth by optimization for increased operating margins and both near mine and regional exploration to increase production and expand mine life of its extensive land package of 33 contiguous concessions totaling approximately 10,000 hectares.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    On behalf of DynaResource, Inc.
    Rohan Hazelton President & CEO

    For Information on DynaResource, Inc. please visit www.dynaresource.com, or contact:
    Investor Relations
    Katherine Pryde, Investor Relations Manager
    +1 972-869-9400
    info@dynaresource.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Crisil Coalition Greenwich Names Mizuho Best Bank for Corporate Banking in the U.S.

    Source: GlobeNewswire (MIL-OSI)

    Mizuho ranked first, tied alongside Goldman Sachs, J.P. Morgan, and Bank of America

    Mizuho also wins Best Bank for Coverage for Corporates and Best Bank for Ease of Doing Business for Corporates

    NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — Mizuho Americas today announced it was named best bank in the U.S. by Crisil Coalition Greenwich for Best in Corporate Banking, Best Coverage for Corporates, and Best in Ease of Doing Business for Corporates. Mizuho ranked first, tied alongside Goldman Sachs, J.P. Morgan, and Bank of America for Corporate Banking and Ease of Doing Business, and tied with J.P. Morgan and Bank of America for Coverage for Corporates.

    Crisil Coalition Greenwich conducted over 200 interviews, from May through November 2024, with CFOs and Treasurers at U.S.- based companies with $2 billion or more in annual revenue. Decision makers were asked about capabilities in specific areas, including breadth and depth of product offerings, quality of coverage, and business momentum.

    “We appreciate this amazing response from our corporate clients in recognition of our platform and are honored to be ranked first alongside the best banks in the industry,” said Jerry Rizzieri, President & CEO of Mizuho Securities USA and Head of CIB at Mizuho Americas. “We have built a successful coverage model coupled with great product capabilities and top talent to present fully integrated offerings backed by a client-centric culture.”

    Mizuho Americas was rated excellent/distinctive for effectiveness of senior management, frequency of contact, responsiveness, proactive provision of advice, coordinating product specialists, and digitizing KYC processes.

    Crisil Coalition Greenwich is a leading provider of strategic benchmarking, analytics, and insights. Its award winners receive quality ratings from corporate clients that top those of competing banks by a statistically significant margin.

    About Mizuho Americas
    Mizuho Financial Group, Inc. is the 17th largest financial institution in the world as measured by total assets of ~$2 trillion, according to S&P Global 2024. Mizuho’s 65,000 employees worldwide offer comprehensive financial services to clients in 36 countries and 850 offices throughout the Americas, EMEA, and Asia.​

    Mizuho Americas is a leading provider of corporate and investment banking, capital markets, strategic advisory, equity research, equity and fixed income sales & trading, derivatives, and financing solutions to corporate, private equity, and institutional clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho enhanced its M&A, restructuring, and private capital advisory capabilities across Americas, Europe, and Asia. Mizuho Americas employs approximately 3,700 professionals, for more information visit www.mizuhoamericas.com.​

    For inquiries, please contact:

    Jim Gorman
    Executive Director, Media Relations, Mizuho Americas
    +1-212-282-3867
    jim.gorman@mizuhogroup.com

    Laura London
    Director, Media Relations, Mizuho Americas
    +1-212-282-4446
    laura.london@mizuhogroup.com

    The MIL Network –

  • MIL-OSI: Music Licensing, Inc. Receives Official Federal Recognition of Its Wholly Owned Subsidiary, Pro Music Rights, as a Performing Rights Organization in the United States Federal Register

    Source: GlobeNewswire (MIL-OSI)

    Naples, FL, Feb. 10, 2025 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG) (OTC: SONGD), a leader in the music rights and intellectual property sector, is pleased to announce that its wholly owned subsidiary, Pro Music Rights (PMR), has been officially recognized in the Federal Register of the United States of America as a Performing Rights Organization (PRO). This landmark recognition reinforces Pro Music Rights’ position as a key player in the U.S. music licensing ecosystem, joining the ranks of other established PROs responsible for ensuring that music creators receive fair compensation for the public performance of their works.

    This official acknowledgment represents a pivotal achievement for Music Licensing, Inc. (OTC: SONG) (OTC: SONGD) and its shareholders, as it validates Pro Music Rights’ authority in managing performance rights and licensing agreements on behalf of its extensive repertoire of musical works. Pro Music Rights already represents an estimated 7.4% market share in the U.S., covering over 2.5 million works from renowned artists.

    A Milestone for the Future of Music Licensing

    The inclusion of Pro Music Rights in the Federal Register signifies more than just formal recognition—it cements the company’s status as a regulatory-compliant, trusted, and transparent music rights administrator. This milestone provides greater legitimacy, stability, and enhanced leverage in negotiations with major technology and media companies that rely on legally licensed music for their platforms.

    Jake P. Noch, CEO of Music Licensing, Inc. (OTC: SONG) (OTC: SONGD), commented on this development:
    “This recognition in the Federal Register underscores our commitment to protecting artists’ rights and ensuring fair compensation for their creative works. It strengthens our ability to negotiate with industry giants such as Apple Inc., Amazon, Google, and Spotify, enabling us to secure more favorable licensing terms that benefit both rights holders and shareholders.”

    Strategic Advantages and Business Growth

    This recognition presents multiple strategic benefits for Pro Music Rights and Music Licensing, Inc. (OTC: SONG) (OTC: SONGD), including:

        •    Strengthened Licensing Authority – As an officially recognized PRO, PMR can enhance its negotiating power with major music streaming platforms, broadcasters, and digital service providers.
        •    Greater Transparency & Industry Confidence – Federal recognition increases trust and credibility among rights holders, licensees, and regulatory bodies.
        •    Expansion Opportunities – PMR is now better positioned to expand its reach, enter into new licensing agreements, and provide competitive solutions in the evolving digital music landscape.
        •    Enhanced Revenue Potential – With this recognition, PMR anticipates a significant increase in licensing revenue as it actively enforces its rights with major industry players.

    Looking Ahead: Licensing Deals with Global Corporations

    With this newfound recognition, Music Licensing, Inc. (OTC: SONG) (OTC: SONGD) will actively seek to leverage this status in future licensing discussions with some of the world’s largest technology and entertainment companies. The company aims to establish long-term agreements with Apple Music, Amazon Music, Google’s YouTube, Spotify, and other streaming services, ensuring that PMR’s extensive music catalog is fairly monetized.

    “As we move forward, we are excited about the immense opportunities this recognition brings,” added Jake P. Noch. “We are committed to delivering value to our rights holders, shareholders, and the broader music industry by ensuring that music creators receive their rightful earnings in an efficient, transparent, and legally sound manner.”

    About Music Licensing, Inc. (OTC: SONG) (OTC: SONGD) (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.

    Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and many others, including works generated by artificial intelligence (AI).

    Additionally, Music Licensing, Inc. (OTC: SONG) holds royalty interests in Listerine “Mouthwash” Antiseptic and a vast portfolio of musical works by globally renowned artists, including The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, BlueFace, The Game, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and many others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc.

    The MIL Network –

  • MIL-OSI: ACT-ion Raises $7.5 million in Pre-Series A Round Led by BASF Venture Capital

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Feb. 10, 2025 (GLOBE NEWSWIRE) — ACT-ion Battery Technologies, a startup in the field of lithium ion battery cathode active materials (CAM), announced today the successful closing of its Pre-Series A funding round. Founded in 2019, ACT-ion has developed both an efficient and cost-effective means to produce single crystalline cathode active materials. This chemistry agnostic process addresses a critical challenge in the lithium-ion battery value chain: the need to both reduce CAM production costs and increase production throughput.

    The USD 7.5 million round was led by BASF Venture Capital, with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures. ACT-ion will use the proceeds to accelerate its innovative CAM production technology, aiming to establish an operational pilot facility by 2025, with validations from leading industry partners.

    ACT-ion is the recent recipient of a R&D 100 award which recognized the Company’s innovation to overcome the complexity and cost of CAM manufacturing. ACT-ion’s continuous process generates coated single crystal CAM leading to higher performance and longer cycle life lithium-ion batteries. ACT-ion has successfully demonstrated this manufacturing platform for a variety of chemistries.

    “We are excited to have the support of Pre-Series A investors who share our vision for battery materials and manufacturing,” said Jin Lim, CTO and Interim CEO of ACT-ion. “This funding will allow us to bring our innovative solutions to market faster and make a meaningful impact on the global energy landscape.”

    “We are excited to have led this financing round and to support ACT-ion as a partner. With the market need for novel battery materials, and the processes to produce them, ACT-ion’s mission to improve CAM aligns well with BASF efforts to deliver innovation to our customers,” said Joshua Speros, Investment Manager at BASF Venture Capital.

    “The domestic production of battery materials at cost will mark a significant milestone in the US CAM industry,” said Lillian Shattock, Director of Private Investments at Arosa Capital Management. “We are thrilled to support ACT-ion, as we believe their technology can be a pivotal enabler of domestic CAM manufacturing.”

    Incubated within and spun-out of Hunt Energy Enterprises LLC, “the ACT-ion venture was developed to target the largest cost constraint within lithium batteries and thereby help enable growth for markets such as electric drones, electric vehicles and power tools,” said Victor Liu, Chairman of ACT-ion.

    About ACT-ion Battery Technologies

    ACT-ion Battery Technologies is a leading lithium battery cathode active material (CAM) technology company. As an advanced manufacturing technology company, ACT-ion’s rapid continuous process produces coated single crystal CAMs for lithium batteries through a novel, clean, and chemistry-agnostic process, requiring lower energy and cost. For more information, please visit www.act-ion.com.

    About Hunt Energy Enterprises

    Hunt Energy Enterprises is the corporate energy technology venture group within Hunt Energy Company, LP. As such, Hunt Energy Enterprises has incubated several technologies that leverage its operations and knowledge to create new energy companies and partnerships with entrepreneurs in both the conventional petroleum business and cleantech power. It is part of a larger privately-owned group of companies managed by the Ray L. Hunt family that engages in oil and gas exploration, refining, power, real estate, ranching and private equity investments. For more information, please visit www.huntenergyenterprises.com.

    About BASF Venture Capital GmbH

    At BASF, we create chemistry for a sustainable future. BASF Venture Capital GmbH also contributes to this corporate purpose. Founded in 2001, BASF Venture Capital invests in Europe, the United States, Canada, China, India, Brazil, and Israel. Our goal is to generate new growth potential for current and future business areas of BASF by investing in innovative startups. The focus of our venture investments includes decarbonization, circular economy, Agtech, new materials, digitalization and new, disruptive business models. For more information, please visit https://www.basf.com/global/en/who-we-are/organization/group-companies/BASF_Venture-Capital

    About Arosa Capital Management

    Arosa Capital Management is an alternative investment manager that focuses on investments in alternative energy, traditional energy and related sectors. Founded in 2013, Arosa’s approach is rooted in rigorous fundamental analysis and deep sector expertise to invest in private and public companies as well as in credit and commodities on a cross asset basis. The focus of Arosa’s ventures strategy is investments in private companies that primarily pursue alternative, renewable, or efficient energy technologies. For more information, please visit www.arosacapital.com.

    About Mirae Asset Capital

    Mirae Asset Capital is a leading financial institution specializing in fostering innovation and driving new growth opportunities as a trusted financial partner. Established in 1997, the firm invests in groundbreaking ideas across sectors including AI, robotics, energy, and biotechnology. Leveraging the extensive global network of the Mirae Asset Financial Group, Mirae Asset Capital operates across key markets such as Korea, the United States, India, and China. For more information, please visit vc.miraeassetcapital.com.

    About LG Technology Ventures

    LG Technology Ventures is the venture capital investment arm of the LG Group. LG Technology Ventures was established in 2018 and its team consists of experienced investors, entrepreneurs, technologists, and industry domain experts. Currently, LG Technology Ventures is managing over $805 million of fund assets and invests in early-stage start-ups in artificial intelligence, mobility, advanced materials, life-sciences, next generation display, mobile, and 5G. We strive to create value for our portfolio companies by helping them develop strategic partnerships with LG Companies. For more information, please visit https://www.lgtechventures.com/.

    For more information, please contact: ACT-ion Communications, Email: inquiry@act-ion.com

    The MIL Network –

  • MIL-OSI Video: LOCK AND LOAD! | U.S. Army

    Source: US Army (video statements)

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Rangers

    https://www.youtube.com/watch?v=4ZbbzIe7Hx0

    MIL OSI Video –

  • MIL-OSI USA: ICE Philadelphia removes Mexican national wanted for domestic violence

    Source: US Immigration and Customs Enforcement

    PHILADELPHIA – U.S. Immigration and Customs Enforcement removed Serafin Leon Rojas, a citizen of Mexico with a final order of removal, to Mexico on Feb. 4. Leon is a foreign fugitive wanted by law enforcement authorities in Mexico for domestic violence.

    “The removal of Serafin Leon Rojas demonstrates our commitment to ensuring that criminal aliens face justice,” said ICE Enforcement and Removal Operations Philadelphia acting Field Office Director Brian McShane. “By collaborating with our international law enforcement partners and enforcing immigration laws, we protect our communities and support our national security objectives.”

    The U.S. Border Patrol arrested Leon near Laredo, Texas, for entering the United States without inspection or parole by an immigration official and served him with a notice and order of expedited removal, charging inadmissibility. He was removed to Mexico on July 23, 2016.

    Leon again entered the U.S. without admission or parole by an immigration official on an unknown date and at an unknown location.

    The Philadelphia Police Department in Pennsylvania arrested Leon on August 7, 2024, for driving under the influence, and this charge remains pending.

    ICE arrested Leon in Philadelphia on Dec. 12, 2024, during a routine enforcement action and served him with a notice of intent to reinstate the prior order from July 21, 2016, charging removability. Leon remained in ICE custody throughout removal proceedings.

    Members of the public with information can report crimes or suspicious activity by dialing the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE Philadelphia’s mission to increase public safety in our Pennsylvania, Delaware and West Virginia communities on X: @EROPhiladelphia.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Embaixada do Reino Unido abre ed. 2025 do Embaixadora Por um Dia

    Source: United Kingdom – Executive Government & Departments

    Mulheres de 18 a 25 anos, com histórico de engajamento social e interesse em política, poderão concorrer a uma experiência imersiva na diplomacia britânica.

    A Embaixada do Reino Unido no Brasil se prepara para lançar a edição 2025 do concurso cultural “Embaixadora Por um Dia”, uma iniciativa que celebra o Dia Internacional da Mulher e incentiva a participação feminina na política e nas relações internacionais.

    O concurso busca identificar jovens líderes mulheres (cis e trans) pretas, pardas ou indígenas, com idade entre 18 e 25 anos, que tenham interesse em diplomacia e engajamento político. A vencedora terá a oportunidade de vivenciar de perto a rotina diplomática, participando de reuniões, eventos e experiências imersivas na Embaixada do Reino Unido e em Brasília.

    Como participar

    As inscrições serão abertas em 10 de fevereiro de 2025. Para concorrer, as candidatas deverão produzir um vídeo de até 90 segundos, respondendo à pergunta:

    “Como o engajamento político pode transformar sua comunidade e o mundo?”

    Os vídeos deverão ser publicados no Instagram, com a hashtag #AmbassadorForADayUK, mencionando os perfis @UKinBrazil e @embaixadorabritanica. O perfil da participante deve estar público durante o período de avaliação.

    Quem pode participar?

    O concurso é destinado a mulheres que atendam aos seguintes critérios:

    • Idade entre 18 e 25 anos;
    • Pretas, pardas ou indígenas;
    • Ensino médio cursado em escola pública e/ou renda familiar de até três salários mínimos;
    • Interesse por política e relações internacionais;
    • Experiência em projetos sociais;
    • Passaporte válido e disponibilidade para viajar em março de 2025.

    O que a vencedora ganha?

    • Uma viagem surpresa de cinco dias para participar de reuniões diplomáticas;
    • Um dia na Embaixada do Reino Unido, acompanhando a Embaixadora britânica no Brasil;
    • Oportunidade de compartilhar ideias com líderes políticos;
    • Tour por Brasília/DF;
    • Custos de hospedagem, alimentação e deslocamento cobertos.

    Critérios de seleção

    A escolha da vencedora será baseada em criatividade, história de vida e engajamento com questões políticas e sociais. A seleção é subjetiva e busca reconhecer jovens que demonstrem potencial para promover mudanças positivas em suas comunidades.

    Para mais informações entre em contato com:

    Embaixada do Reino Unido no Brasil

    Mariana Luz – Gerente de Imprensa

    Mariana.luz@fcdo.gov.uk

    (61) 98187-8240

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Recent cold snap results in fourth-largest withdrawal from underground natural gas storage

    Source: US Energy Information Administration

    In-brief analysis

    February 10, 2025

    Data source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report
    Note: Weekly net changes in natural gas storage are netted across the East, Midwest, Mountain, Pacific, and South-Central regions.

    Colder-than-normal temperatures across much of the United States in mid-January increased natural gas consumption, resulting in the fourth-largest reported weekly withdrawal from natural gas storage in the Lower 48 states, according to our Weekly Natural Gas Storage Report (WNGSR). During the week ending January 24, 2025, stocks fell by 321 billion cubic feet (Bcf), which was nearly 70% more than the five-year (2020–24) average withdrawal for the same week in January. With withdrawals in January totaling nearly 1,000 Bcf, U.S. natural gas inventories are now 4% below their previous five-year average after being 6% above the five-year average at the start of the 2024–25 heating season, which began in November.

    For the week ending January 24, the South-Central region of the United States, which accounted for approximately 35% of working gas in U.S. storage, reported its fourth-largest withdrawal of 136 Bcf. In the East and Midwest, the regions with the next-largest storage inventories, stocks fell by 10% in the East and by 11% in the Midwest over the week. The East and Midwest are also the U.S. regions with the most natural gas consumption in the winter to meet space heating demand.

    Temperatures in the U.S. Southeast fell to record lows, and snow fell in parts of Louisiana, Texas, and the panhandle of Florida, increasing natural gas consumption. During the week ending January 24, 2025, U.S. heating degree days (HDDs) reached 262, or 28% more than normal, according to the National Oceanic and Atmospheric Administration. Population-weighted HDDs represent temperature deviations lower than 65°F and are weighted based on population distributions across the country. These data help us model and forecast energy consumption in different regions of the United States.

    Cold weather also led to modest production declines in January because of freeze-offs, which occur when water and other liquids freeze at the wellhead or in natural gas gathering lines near production activities.

    Information in our WNGSR is also available on the Natural Gas Storage Dashboard, which shows natural gas inventories, storage capacity, prices, and consumption.

    Principal contributors: Katy Fleury, Grace Wheaton

    MIL OSI USA News –

  • MIL-OSI: Stardust Power Announces Exclusive Licensing Agreement for Lithium Brine Concentration Technology from KMX Technologies

    Source: GlobeNewswire (MIL-OSI)

    • Following the October 8, 2024 announcement, Stardust Power finalizes exclusive licensing agreement with KMX Technologies to enhance lithium production efficiency and sustainability.

    GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced the execution of an exclusive licensing agreement with KMX Technologies, Inc. (“KMX”), a leader in advanced lithium brine concentration technology. This agreement grants Stardust Power the exclusive rights to utilize KMX’s innovative vacuum membrane distillation (“VMD”) technology for lithium extraction and concentration across the United States, Canada, and select international markets.

    The exclusive license grants Stardust Power the full rights to use and operate KMX VMD units within the designated territory and field of use for lithium. This agreement will support Stardust Power’s continued commitment to build out the North American lithium supply chain and onshoring of critical minerals in the rapidly growing North America lithium market.

    “This exclusive licensing agreement with KMX Technologies is a pivotal step forward in advancing Stardust Power’s sustainability and operational efficiency goals,” said Roshan Pujari, CEO and Founder of Stardust Power. “KMX’s VMD technology offers a unique opportunity to reduce both energy consumption and water use across our supply chain, particularly by concentrating lithium feedstocks for efficient logistics. By incorporating this technology, we aim to significantly lower operating costs while strengthening the U.S. critical mineral supply chain and enhancing national security, all while doing so in an environmentally responsible manner.” KMX’s technology is ideal for Stardust Power’s innovative hub and spoke refinery model. By reducing the volume of the brine feedstock, less volume needs to be transported. The large central refinery is designed to repulp feedstock and blend as needed.

    KMX’s VMD technology is capable of concentrating lithium from brine sources with minimal losses, thereby enhancing the economic viability of lithium projects. Additionally, the technology produces high-quality water as a byproduct, which can be used to minimize reliance on local freshwater resources in the lithium extraction process, a key factor in increasing water sustainability for the industry.

    Zachary Sadow, CEO of KMX Technologies, added, “We are excited to partner with Stardust Power, a visionary company dedicated to driving sustainability and innovation within the lithium sector. This agreement represents a shared commitment to improving the efficiency and environmental footprint of the lithium supply chain.”

    With the execution of this agreement, Stardust Power is positioned to deploy KMX’s VMD technology throughout Stardust Power’s network design and supply chain in order to optimize delivery of feedstocks to its lithium refinery under development in Muskogee, Oklahoma, with up to 50,000 metric tons per annum production capacity upon completion. The Company plans to integrate this advanced technology to further enhance the environmental and economic performance of its lithium production processes.

    About Stardust Power Inc.
    Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com

    About KMX Technologies, Inc.
    KMX Technologies is solving the most critical environmental and energy challenges of the 21st century. Through its proprietary membrane distillation technology, the company sustainably sources critical minerals necessary for next generation supply chains and infrastructure, is advancing wastewater treatment, and is accelerating energy storage with its direct lithium recovery enhancement processes.

    Stardust Power Contacts

    For Investors:
    Johanna Gonzalez
    investor.relations@stardust-power.com

    For Media:
    Michael Thompson
    media@stardust-power.com

    Cautionary Note Regarding Forward-Looking Statements
    Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to realize the anticipated benefits of KMX’s technology; the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; obtaining the necessary permits and governmental approvals to develop the site; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.

    Stockholders and prospective investors should carefully consider the foregoing factors, and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.

    Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    The MIL Network –

  • MIL-OSI: Evome Medical Technologies Announces Significant Debt Reduction and Restructuring

    Source: GlobeNewswire (MIL-OSI)

    SHIRLEY, N.Y., Feb. 10, 2025 (GLOBE NEWSWIRE) — Evome Medical Technologies Inc. (the “Company”) (TSXV: EVMT) has announced a significant reduction in its overall ‎debt, strengthening its financial position, as a result of the execution of an amendment (the “Amendment”) to the forbearance agreement dated August 4, 2023 between the Company, Biodex Rehab Systems, LLC (“Biodex Rehab”), a wholly owned subsidiary of the Company, and Biodex Medical Systems, Inc. (“Biodex Medical”), a wholly owned subsidiary of Biodex Rehab, and Mirion Technologies (US), Inc. (“Mirion”).

    ‎The Amendment significantly improves the Company’s financial position by reducing its ‎outstanding debt to Mirion and extending repayment terms, while maintaining the Company’s commitment to ‎manufacture Mirion’s products under the existing contract manufacturing agreement ‎‎(the “CMA”) dated April 3, 2023 between Biodex Medical Systems, Inc. and Mirion Technologies (Capintec), Inc., an affiliate to Mirion.

    Pursuant to the Amendment, Biodex Rehab’s outstanding debt to Mirion has been reduced from ‎‎$6.7 million due in July 2025 to $4.25 million due in April 2030 – a $2.45 million reduction in ‎debt and a repayment extension of four years and nine months. In exchange, Biodex Medical has ‎committed to producing and delivering a guaranteed quantity of Mirion’s products under the current CMA until ‎March 2026 or sooner if Mirion is successful in transitioning the CMA ‎to a new manufacturer.‎

    Additionally, Mirion has agreed to remove restrictions imposed on the Company to use certain amounts of financing proceeds to repay debt to Mirion, ‎providing the Company with greater financial flexibility to raise capital and execute its growth plans. Mirion has ‎also relaxed certain restrictions on the Company’s merger and acquisition (M&A) activity, allowing ‎the Company to explore strategic opportunities more freely.‎

    Strategic and Financial Benefits for Evome

    The Amendment marks a major milestone in the Company’s ongoing restructuring strategy. By ‎reducing debt at both the parent company and subsidiary levels, the Company strengthens its ‎balance sheet and enhances its debt-to-equity ratio, improving overall financial stability. ‎Through the Amendment, the Company also gains the flexibility to raise capital and focus on high-‎margin business lines.‎

    In addition, the Amendment also underscores the continued progress for the Company under CEO Michael ‎Seckler, who has now successfully reduced total debt by $5.5 million since assuming the ‎leadership role in July 2023.

    ‎“This agreement strengthens our financial position and ensures we have the flexibility and ‎resources to drive growth,” said Michael Seckler, CEO of the Company. “By reducing our debt ‎burden, optimizing our assets, and securing capital-raising freedom, we are in a much ‎stronger position to expand our product offerings, invest in innovation, and execute on our ‎long-term vision. Evome remains committed to delivering high-quality products and ‎advancing its strategic goals while continuing to build shareholder value and strengthen its ‎financial foundation.”‎

    About Evome Medical Technologies Inc.

    Evome, through its operating subsidiaries, specializes in human performance and rehabilitative solutions achieved through strategic acquisitions and leveraging the intellectual properties of specialized companies. Evome’s goal is to create a large, broad-based medical device company with global reach. For more information visit www.evomemedical.com. Biodex® boasts innovative rehabilitation solutions, recognized for its advanced product line serving orthopedic, sports medicine and neurorehabilitation needs. Renowned for its precision and durability, Biodex® offers advanced equipment such as balance and mobility systems, isokinetic testing devices and comprehensive upper extremity rehabilitation tools. With a presence in over 70 countries and partnerships with 52 distributors, Biodex® continues to drive advancements in patient care through a strong commitment to research, education and technology integration.

    For more information please contact:‎

    Mike Seckler ‎
    Chief Executive Officer ‎
    Tel: 1 (800) 760-6826 ‎
    Email: Info@Salonaglobal.com‎

    Additional Information

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ‎policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this ‎release.‎

    Certain statements contained in this press release constitute “forward-looking information” within ‎the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities ‎laws. These statements can be identified by the use of forward-looking terminology such as “expects” ‎‎“believes”, “estimates”, “may”, “would”, “could”, ‎‎”should”, “potential”, ‎‎‎‎‎”will”, “seek”, “intend”, ‎‎”plan”, and “anticipate”, and similar expressions as they relate ‎‎‎‎to the Company. All ‎statements ‎other than statements of ‎historical fact may be ‎forward-looking‎ information. Such statements reflect the Company’s current views and intentions with ‎respect to future ‎events, and current information available to the Company, and are subject to certain ‎risks, ‎uncertainties and assumptions. The ‎Company cautions that the forward-looking statements contained herein are qualified by important ‎factors that could cause actual results to differ materially from those reflected by such statements. ‎Such factors include but are not limited to the ‎‎general business and ‎‎economic ‎conditions in the ‎regions in ‎which the Company operates; the ability of the Company to execute on key ‎‎priorities, ‎‎including the successful completion of acquisitions, business‎ retention, and‎‎ strategic plans and to‎‎ ‎attract, develop ‎and retain key executives; difficulty integrating newly acquired businesses; ‎‎ongoing ‎or new disruptions in the supply chain, the extent and scope of such supply chain disruptions, and the ‎timing or extent of the resolution or improvement of such disruptions; the ability to‎‎‎ implement ‎business strategies and pursue business opportunities; ‎‎disruptions in or attacks (including ‎cyber-‎attacks) on the Company’s information technology, internet, network access or other ‎‎voice or data ‎‎communications systems or services; the evolution of various types of fraud or other ‎‎‎criminal ‎behavior to which ‎the Company is exposed; the failure of third parties to comply with their ‎obligations to ‎‎the Company or its ‎affiliates; the‎ impact of new and changes to, or application of, ‎current laws and regulations; ‎granting of permits and licenses in a highly regulated business; the ‎‎overall difficult ‎‎‎‎‎litigation environment, including in the United States; increased competition; changes ‎in foreign currency rates; ‎increased ‎‎‎‎funding ‎costs and market volatility due to market illiquidity and ‎competition for funding; the ‎availability of funds ‎‎‎‎and resources to pursue operations; critical ‎‎accounting estimates and changes to accounting standards, policies,‎‎‎‎ and methods used by the ‎Company; the occurrence of natural and unnatural‎‎ catastrophic ‎events ‎and claims ‎‎‎‎resulting from such ‎events; as well as those risk factors discussed or ‎referred to ‎in the ‎Company’s disclosure ‎documents ‎filed with ‎‎the securities regulatory authorities in certain provinces of Canada and ‎‎available at ‎‎www.sedarplus.com. Should any ‎factor affect the Company in an unexpected manner, or should ‎‎‎assumptions underlying ‎the forward-looking ‎information prove incorrect, the actual results or events ‎may differ ‎‎materially from the results ‎or events predicted. ‎Any such forward-looking information is ‎expressly qualified in its ‎‎entirety by this cautionary ‎statement. Moreover, ‎the Company does not ‎assume responsibility for the accuracy or ‎‎completeness of such ‎forward-looking ‎information. The ‎forward-looking information included in this press release ‎‎is made as of the ‎date of this press ‎release ‎and the Company undertakes no obligation to publicly update or revise ‎‎any forward-‎looking ‎information, ‎other than as required by applicable law‎.‎

    The MIL Network –

  • MIL-OSI: Vantage Drilling International Ltd. – New incentive awards

    Source: GlobeNewswire (MIL-OSI)

    Dubai, Feb. 10, 2025 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (the “Company“) has awarded certain management employees and PDMRs of the Company with restricted stock units, pursuant to the Company’s Management Incentive Plan, and as elaborated on below and in the enclosed forms:

    • Sarah French, General Counsel, Chief Compliance Officer & Company Secretary, has been awarded a total of 60,000 restricted stock units vesting in October 2028 subject to certain conditions, consisting of 30,000 time-based restricted stock units and 30,000 performance based restricted stock units.;
    • Thomas R. Bates Jr., Chairman of the Board, Jørn Peter Madsen, Board member, L. Spencer Wells, Board member, Nils E. Larsen, Board member and Scott McReaken, Board member, has each been awarded 2,576 restricted stock units, all of which will vest on Effective Date + one year, or a sooner date, subject to certain conditions.

    This information is disclosed in accordance with article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

    About the Company
    Vantage Drilling International Ltd., a Bermuda exempted company, is an offshore drilling contractor. Vantage Drilling’s primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells globally for major, national and independent oil and gas companies. Vantage Drilling also markets, operates and provides management services in respect of drilling units owned by others. For more information about the Company, please refer to the Company’s website, www.vantagedrilling.com  

    Attachment

    The MIL Network –

  • MIL-OSI USA: Irradiator Removal Saves Millions of Dollars While Making Campuses Safer

    Source: US State of Connecticut

    In a milestone move intended to increase campus safety and lower operational costs, safety officials at UConn Storrs and UConn Health recently coordinated the removal of four cesium-sourced irradiators used for research and medical purposes.

    The disposal operation – a costly, highly-choreographed effort at each site that involved cranes, giant disposal casks, flatbed trucks, and campus and state police escorts – was made possible through the Cesium Irradiator Replacement Project (CIRP), a voluntary initiative of the U.S. Department of Energy (DOE) offering financial incentives to medical and research institutions willing to replace cesium-137 irradiators with new x-ray-based devices. Run by DOE’s National Nuclear Security Administration (NNSA), Office of Radiological Security (ORS), the program covers 100% of the cost of disposing cesium-137 based irradiators and reimburses up to 50% of the purchase price of new equipment.

    Kevin Higgins, the radiation safety officer at UConn Health, estimates it would have cost roughly $580,000 each – a total of $1.74 million – had UCH attempted to dispose its three irradiators on its own. Another $450,000 to $500,000 in savings was realized, he says, thanks to CIRP covering half the cost of two new X-ray irradiators that replaced the two cesium-based devices used by researchers and the blood bank at UCH. A third cesium irradiator no longer in use, was removed but not replaced.

    At Storrs CIRP helped offset roughly $882,000 in costs associated with the removal and replacement of its single cesium-sourced irradiator, a 1969-era model housed in the Pharmacy Biology Building and used for genetics and cell research, says Amy Courchesne, the radiation safety officer at UConn Storrs. The program also reimbursed the cost of add-ons for the new X-ray irradiator, which included specialized accessories, and $16,000 for modifications to the room it occupies, and a service contract.

    “If we decided not to go with CIRP, the University would have had to cover those costs,” she says.

    The primary goal of CIRP is to reduce the security risks associated with the institutional use of cesium-137 and cobalt-60 sourced irradiators. The irradiators are safely shielded to protect users from exposure but contain highly radioactive isotopes with a long half-life that could pose a significant health risk if dismantled from their protective shielding or released into the environment.

    While radioactive source irradiators have benefits, such as scientific research and the irradiation of blood, they would pose a grave risk to communities should they be lost or stolen. In the wrong hands, even a small amount of high-activity radioactive material could be used in an act of radiological terrorism.

    Contributed photo.

    UConn is among the hundreds of academic, medical, and other institutions to participate in CIRP since its inception in 2014. In course of 10 years, the program has facilitated the replacement of 67% of the radio-isotopic irradiators in the United States, according to Evan Thompson, a foreign affairs specialist with NNSA.

    As of Sept. 5, 2024, some 235 cesium-137-sourced blood irradiators have been replaced through the program and 82% of self-shielded cesium-137-based blood irradiators in the U.S. have been replaced, removed, or are slated for removal by contract or pledge.

    Replacing the irradiators at both sites required a great deal of planning, teamwork, and coordination. At UCH, the new research irradiator was installed prior to the cesium irradiator being removed. For the blood bank, an entirely new location for blood irradiation was constructed.

    On removal day, UConn, state, and local police were onsite to secure the site and manage traffic flow. The irradiators were then disassembled to access the shielded containers housing the radioactive sources. The containers, which weigh several thousand pounds, were then moved under police escort to a loading dock, lifted from there to a loading dock and placed on the ground. A crane then hoisted them up and into a specially designed shipping cask securely fastened to the flatbed tractor-trailer. As a last step, the cask was pressure tested to ensure proper assembly and escorted offsite by state and local police.

    The advantages of participating in the program go well beyond the cost savings associated with removal and replacement, notes Courchesne. The bureaucratic and regulatory aspects of operating the cesium-sourced irradiators were significant.

    “Due to security, FBI background checks were required for unescorted access,” she says. “After 9/11, the Nuclear Regulatory Commission put additional security orders into effect, including 24/7 monitoring, fail-safe monitoring with backup power, contingency planning and more.”

    The stricter rules prohibited the university from publicly disclosing that it owned a cesium-sourced irradiator, which limited use of the device to researchers within the university. Individuals interested in using the irradiator for research had to contact Courchesne and take an exam to ensure they had the capability to safely use it, then be escorted by radiation safety personnel when they used it.

    Under CIRP, the cradle-to-grave custodianship of the cesium-sourced devices shifts from the owning institution to the federal government, freeing UConn and UCH from that responsibility and any associated costs.

    At Storrs, the removal was facilitated by UConn’s Office of Vice President for Research (OVPR). Jeremy Blasbaugh, director of UConn’s Center of Open Research Resources (COR²E), will oversee the installation and the new X-ray irradiator at that site and its future use by researchers.

    “As the radiation safety officer, I’m excited that researchers will be able to use the replacement X-ray irradiator,” says Courchesne. “We can share about it and promote collaboration. We don’t have the liability and regulatory restrictions around the device anymore.”

    MIL OSI USA News –

  • MIL-Evening Report: Trump’s USAID freeze ‘undermines relationships in Pacific’, says editor

    RNZ Pacific

    Marshall Islands Journal editor Giff Johnson says US President Donald Trump’s decision on aid “is an opening for anybody else who wants to fill the gap” in the Pacific.

    Trump froze all USAID for 90 days on his first day in office and is now looking to significantly reduce the size of the multi-billion dollar agency.

    The Pacific is the world’s most aid dependent region, and Terence Wood from the Australian National University Development Policy Centre told RNZ Pacific this move would hit hard.

    “The US is the Pacific’s largest aid donor and what is happening there is completely unprecedented . . .  there’s also a cruel irony that Elon Musk is the world’s wealthiest man and right now he seems to be calling the shots with decisions that are literally going to be life or death for the world’s poorest people . . .  it’s hard to wrap one’s head around,” he said.

    Marshall Islands Journal owner and editor Giff Johnson on the USAID crisis. Video: RNZ Pacific

    Wood was concerned about how the dismantling of USAID would impact the Pacific.

    “It’s not a good time to be in the world’s most aid dependent region . . .  indeed Sāmoa PM Fiame Naomi Mata’afa has already expressed concern about what might happen to funding for organisations like the World Health Organisation . . .  so everyone is watching this with considerable alarm”.

    ‘It’s hard to believe that Trump has changed his sense’
     Editor Johnson said said in an interview with RNZ Pacific last week that Trump’s shutdown of USAID was at odds with the increased engagement in the Pacific.

    He said the move did not line up with the President’s rhetoric on China, and the fact the new US compact agreements were instigated by his administration the last time he was in power.

    “So it’s hard to believe that Trump has changed his sense and I mean, he’s putting tariffs in on China, right? . . .  So that’s still very much in play,” Johnson said.

    “It’s just like amazing to me that that they’re willing to undermine relationships in the Pacific that they claim to be a very important region for them.

    “And you know, this is, I mean, certainly it’s an opening for anybody else who wants to fill the gap, I suppose, until Washington decides what it is doing.”

    USAID shutdown bug thing for Pacific
    Meanwhile, in the Cook Islands, the vice-chairperson of the Pacific energy regulators Alliance said Trump’s shutdown of USAID was a big deal for the region.

    Dean Yarrall said his organisation was planning a multi-day training course on best practices in electricity regulation, funded by the US, which had now been called off.

    He said the cancelling of the training course caught his organisation off guard.

    “We’re seeing a lot of competition between parties, the Chinese are looking to increase the influence Australia as well and the US through USAID are big supporters of the Pacific so seeing USA sort of drop away, I think that will be a big thing,” Yarrall said.

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Northumbrian manufacturer wins data-centre work with UKEF backing

    Source: United Kingdom – Executive Government & Departments

    Salem Tube is moving into the rapidly-growing sector thanks in part to support from the government’s export credit agency.

    • Based in Prudhoe, County Durham, Salem Tube has traded for over 30 years and makes industrial tubing.

    • It has traditionally served the energy sector but is taking on more and more orders from developers of data-centres.

    • Data-centres have high energy requirements and cannot function without cooling equipment provided by Salem Tube.

    A manufacturer from Northumberland is taking on new business with data-centre developers after securing the support of UK Export Finance (UKEF) and Santander UK.

    Salem Tube has traded since 1992 and supplies tubes for heat-transfer and heat-exchange – something essential to industrial cooling systems. It exports to over 40 countries a year, typically in the energy sector.

    As the market for AI and cloud data storage grows rapidly, Salem has been taking on more and more contracts in this area.

    Salem has now agreed a financing package worth £3.5 million which is provided by Santander UK and backed by the government through UKEF. This gives the business the capital which it needs to take on larger data-centre contracts and establish itself as a supplier to this emerging sector.

    UKEF offers its General Export Facility (GEF) scheme through all the major UK banks and a range of non-bank lenders. This allows exporters to access working capital facilities up to around £25 million.

    Pat Kendell, Senior Export Finance Manager (North East England), UKEF:

    Salem Tube is a perfect example of how businesses in the north are adapting and thriving in emerging sectors. This deal shows how government backing can help established manufacturers to seize new opportunities in the industries of the future. By supporting Salem Tube’s move into the data-centre market, UKEF is helping to safeguard jobs and boost exports in the North-East.

    Mark Ling, Head of Trade & Supplier Finance, Santander UK:

    We are delighted to provide further support for Salem Tube’s growth. Our partnership and collaboration with both Salem Tube and UKEF demonstrates our commitment to the international growth of businesses in the UK.

    This also helps Salem to complete its rebound from COVID-19 and grow larger than ever. It secured a range of overseas contracts in the USA and Middle East last year and is now considering taking on more employees.

    This is the latest phase of Salem’s partnership with UKEF, which has supported the business for over 5 years and previously helped it win new contracts in Africa.

    Contact

    Media enquiries:

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Churchill Resources Confirms Ni-Co Potential of Large Tonnage Seahorse Lake Intrusive at Florence Lake

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 10, 2025 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to provide an update on its 2024 fieldwork results at the Florence Lake nickel project located in Labrador. Highlights include:

    Seahorse Lake Intrusive

    • CRI 2024 sampling confirms Ni-Co potential and ~7.5km strike length to the variably exposed Seahorse Intrusion with consistent historical surface grab samples grading 0.2-0.4% nickel and Company 2024 results confirm historical and new exposures with grades or 0.2-0.32% Ni and 100-756ppm Cobalt. The high cobalt value is much improved over the best historical result of 361ppm Co.
    • 13 of 27 CRI samples at Seahorse returned high-interest aluminum undepleted komatiite geochemical signatures, suggesting more primitive, potentially Ni-enriched units may also be present in the volcanic assemblage. This is a very encouraging early sign for Seahorse.
    • The lone short historical drillhole, TSH96-04, into the eastern margin of the intrusive, also returned nickel values in the 0.2-0.3% range with 0.01%Co from selected short samples between 30-100m downhole. The entire core is available for sampling to the end of hole at 102m.

    Baikie Belt

    • The northern licenses’ Baikie Sub-belt high-grade targets have been sampled with prioritization based on prospective komatiite geochemistry/VTEM conductors/high nickel-in-soil sampling highlighting numerous areas for detailed follow-up.

    Paul Sobie, CEO, commented:

    “Our 2024 fieldwork has confirmed that the Seahorse Lake Ultramafic Intrusive spans some 7.5km x 1km as suggested by its magnetic signature, and found it to outcrop over several impressively large areas. Historical grab sampling by Falconbridge returned pervasive surface nickel assays in the 0.2 to 0.4%Ni range, consistent with similar ultramafic intrusions being evaluated in Ontario, Quebec, BC, and Alaska.  

    Our 2024 sampling confirmed Seahorse’s Ni-Co potential per Table 1 and Figure 1, including a grab sample grading 756ppm Co (0.076%). We plan to cut long channel samples through these large outcrop exposures during fieldwork in 2025 to define nickel content over significant strike lengths and widths, as an important part of our first full “boots on the ground” season based out of the Florence Lake camp.

    On our northern licenses covering the high-grade target Baikie Sub-belt ~5km northwest of Seahorse, we’ve now sampled most of the 43 priority targets identified from VTEM survey and follow-up soil sampling, allowing for prioritization for detailed prospecting, geology and geophysical surveys this summer.

    Florence Lake lies ~70km west of the deep-water port of Postville, an all-weather road proposed along the Labrador coast would pass within 15km, and nearby waterfalls offer hydro-electric power potential, all greatly enhancing project economics.”

    Figure 1 – Seahorse Lake Total Magnetic Intensity with 2024 and Falconbridge Surface Sampling

    Figure 2 – Outcropping serpentinized peridotite southern Seahorse Lake Intrusion (note helicopter in distance for scale)

    Figure 3 – Outcropping serpentinized peridotite central Seahorse Lake Intrusion

    Table 1 – 2024 Lithogeochemical Sample Selected Analytical Results

    Baikie Belt High-Grade Targets

    The Baikie-Sub-belt volcanic package is highly encouraging for nickel discoveries throughout the volcanic stratigraphy, rather than just the Baikie Showing horizon, the primary target of Falconbridge, where a small deposit was delineated. CRI is continuing to sample the ultramafic lavas in the area of priority targets, following the recognition of numerous Al2O3-undepleted ultramafic volcanic areas (i.e., more primitive lavas, associated with nickel mineralization), as stacked targets located throughout the upper Eastern Volcanic areas of the greenstone belt, and importantly also within the more basal Western Volcanics. Kambalda-style nickel sulphide deposits occur primarily in the basal portions of ultramafic volcanic sequences.

    Figure 4 following shows the location of 2024 lithogeochemical samples detailed in Table 1, as well as the location of all other CRI surface samples collected since 2021. As well Dr. Derek Wilton has sampled numerous historical drill holes, and NL Government Geological Survey geologists have sampled the rest of the historical drillholes, which data will be available in the near-term to further our compilations of geochemical data and follow-up plans. CRI is in close contact with the Geological Survey team, who are actively assessing the Baikie and Seahorse Lake areas through mapping, lithogeochemistry and age-dating of surface and core samples and who completed their first field season in the Florence Lake area in 2024. The Geological Survey is planning to be active again this summer on our property and the collaboration will be extremely helpful to Churchill.

    2024 soil sampling was modest in sample numbers and targeted to assess VTEM conductors lower in the stratigraphy in the Western Volcanics per Figure 5. Moderate nickel anomalies were generated in several areas for follow-up this summer.

    The technical and scientific information in this news release has been reviewed and approved by Dr. Derek H.C Wilton, P.Geo., FGC, who is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Wilton is an honourary research professor of Economic Geology at Memorial University and is independent of the Company for the purposes of NI 43-101.

    The lithogeochemical samples reported here were whole rock pieces, collected from outcrop and historical drill core by Dr. Wilton during fieldwork in September/October 2024. These samples were sealed in labelled plastic bags in the field. All sample bags were photographed and transported to Thunder Bay, ON, by secure courier. The samples were analysed by ALS Geochemistry Ltd. in Thunder Bay using ME-ICP06 whole rock and ME-MS61L analytical protocols. Samples with over limit Ni contents were re-assayed using OG-46 Aqua-Regia overlimit method. Quality control results, including the laboratory’s own control samples, were evaluated immediately.1

    The soil samples were placed in labelled, sealed kraft paper bags and delivered to Eastern Analytical of Springdale, NL, an ISO/IEC 17025 certified facility. The samples were analysed using ICP 34 (inductively coupled plasma) analytical protocols. Samples with over limit Ni contents were re-assayed using Eastern’s Ore Grade Assay (multi acid digestion) overlimit method. Quality control results, including the laboratory’s control samples, were evaluated immediately.

    Figure 4 – CRI Lithogeochemical Samples 2021-2024 in Baikie Sub-belt

    Figure 5 – CRI Soil Samples 2022-2024 in Baikie Sub-belt on detailed CRI magnetics

    About Churchill Resources Inc.

    Churchill Resources Inc. is a Canadian exploration company focused on high grade, magmatic nickel sulphides in Canada, principally at its prospective Taylor Brook and Florence Lake properties in Newfoundland & Labrador. The Churchill management team, board and its advisors have decades of combined management experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill’s Taylor Brook and Florence Lake projects have the potential to benefit from the province’s large and diversified minerals industry, which includes world class nickel mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise.

    Further Information

    For further information regarding Churchill, please contact:

    Churchill Resources Inc.
    Paul Sobie, Chief Executive Officer
    Tel.   +1 416.365.0930 (o)
        +1 647.988.0930 (m)
    Email   psobie@churchillresources.com
         
    Alec Rowlands, Corporate Consultant
    Tel.   +1 416.721.4732 (m)
    Email   arowlands@churchillresources.com
         

    Cautionary Note Regarding Forward Looking Information

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

    These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company’s properties; failure to identify any mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most recently filed management’s discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

    1 The Company reminds investors that surface rock samples are select samples and may not be representative of all mineralization on the Florence Lake property.

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a4a7348e-6b56-4bb1-8fed-cb6009e554be

    https://www.globenewswire.com/NewsRoom/AttachmentNg/63543e74-a8d5-455e-a5b4-539e2bc771fd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1640a47f-264a-4f11-962f-d3cb179b030c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/584d7791-09ee-45bc-ab69-c6a7e7332132

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d275b392-66dd-4a1a-937a-2488d04f4555

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4ad8cf7b-9b04-44ed-871c-34ec8a2d094b

    The MIL Network –

  • MIL-OSI: Tower Semiconductor Reports 2024 Fourth Quarter and Full Year Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MIGDAL HAEMEK, Israel, Feb. 10, 2025 (GLOBE NEWSWIRE) — Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter of 2024 and for the year ended December 31, 2024.

    Fourth Quarter of 2024 Results Overview
    Revenues for the fourth quarter of 2024 were $387 million as compared to $371 million for the third quarter of 2024 and $352 million for the fourth quarter of 2023, representing 5% quarter over quarter growth and 10% year over year growth. The Company met its expressed target of sequential quarter over quarter revenue growth within 2024, resulting in 18% growth fourth quarter over first quarter.

    Gross profit for the fourth quarter of 2024 was $87 million, compared to $84 million for the fourth quarter of 2023. During the fourth quarter of 2024, the Company took on for the first time its portion of incremental costs of the greenfield Agrate facility.

    Operating profit for the fourth quarter of 2024 was $46 million as compared to $45 million for the fourth quarter of 2023.

    Net profit for the fourth quarter of 2024 was $55 million, reflecting $0.49 basic and diluted earnings per share. Net profit for the fourth quarter of 2023 was $54 million, or $0.49 basic and $0.48 diluted earnings per share.

    Cash flow generated from operating activities in the fourth quarter of 2024 was $101 million and investments in property and equipment, net were $93 million.

    Full year 2024 Results Overview
    Revenues for the full year of 2024 were $1.44 billion, gross profit was $339 million, operating profit was $191 million. Net profit for the full year of 2024 was $208 million, or $1.87 basic and $1.85 diluted earnings per share. For the full year of 2023, revenues were $1.42 billion, gross profit was $354 million, operating profit was $547 million and included $314 million, net, from the Intel merger contract termination and $33 million of restructuring income, net, from the previously disclosed reorganization and restructure of our Japan operations during 2022. Net profit for the full year of 2023 was $518 million, or $4.70 basic and $4.66 diluted earnings per share and included $290 million, net, due to the merger contract termination payment by Intel and $11 million restructuring income, net.

    Cash flow generated from operating activities for the year ended December 31, 2024, was $449 million. Investments in property and equipment, net for the year ended December 31, 2024, were $432 million and debt payments, net totaled $32 million.

    6” Fab Consolidation Update
    During the fourth quarter of 2024, the lower margin legacy of 150mm flows were discontinued in Fab1, with last Fab outs occurring in January 2025. The forward-looking strategic flows have been transferred into the Fab2 200mm factory. This strategic integration enables the Company to streamline its production processes, enhancing overall efficiency.

    Business Outlook
    Tower Semiconductor guides revenues for the first quarter of 2025 to be $358 million, with an upward or downward range of 5%. First quarter mid-range guidance reflects about 10% year-over-year growth.

    Russell Ellwanger, Chief Executive Officer of Tower Semiconductor, stated:
    “With the close of 2024, we are pleased with our progress, in having brought to market highly differentiated end application advancing platforms, hence strengthening our position for sustainable growth. Our 2025 revenue target is year-over-year growth, with sequential quarter-over-quarter revenue growth, and an acceleration in the second half of the year. This momentum is fueled by increasing production shipments as our previously announced capacity investments progress through the final stages of customer qualifications.”

    Ellwanger further added: “Our commitment to customer partnered innovation and streamlined execution continues to drive our ability to meet the growing and evolving needs of our customers in a quickly changing business environment, whilst expanding our available market size and share. We look forward to the year ahead with confidence and enthusiasm.”

    Teleconference and Webcast
    Tower Semiconductor will host an investor conference call today, Monday, February 10, 2025, at 10:00 a.m. Eastern time (9:00 a.m. Central time, 8:00 a.m. Mountain time, 7:00 a.m. Pacific time and 5:00 p.m. Israel time) to discuss the Company’s financial results for the fourth quarter and full year of 2024 and its business outlook.

    The call will be webcast and available through the Investor Relations section of Tower Semiconductor’s website at ir.towersemi.com. The pre-registration form required for dial-in participation is accessible here. Upon completing the registration, participants will receive the dial-in details, a unique PIN, and a confirmation email with all necessary information. To access the webcast, click here. The teleconference will be available for replay for 90 days.

    Non-GAAP Financial Measures
    The Company presents its financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The financial information included in the tables below includes unaudited condensed financial data. Some of the financial information, which may be used and/or presented in this release and/or prior earnings related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, which we may describe as adjusted financial measures and/or reconciled financial measures, are non-GAAP financial measures as defined in Regulation G and related reporting requirements promulgated by the Securities and Exchange Commission (the “SEC”) as they apply to our Company. These adjusted financial measures are calculated excluding the following: (i) amortization of acquired intangible assets as included in our costs and expenses, (ii) compensation expenses in respect of equity grants to directors, officers, and employees as included in our costs and expenses, (iii) merger contract termination fees received from Intel, net of associated cost and taxes following the previously announced Intel contract termination as included in net profit in 2023 and (iv) restructuring income, net, which includes income, net of cost and taxes associated with the reorganization and restructure of our operations in Japan including the cessation of operations of the Arai facility, which occurred during 2022, as included in net profit. These adjusted financial measures should be evaluated in conjunction with, and are not a substitute for, GAAP financial measures. The tables also present the GAAP financial measures, which are most comparable to the adjusted financial measures used and/or presented in this release, as well as a reconciliation between the adjusted financial measures and the comparable GAAP financial measures. As used and/or presented in this release and/or prior earnings related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, as well as may be included and calculated in the tables herein, the term Earnings Before Interest Taxes, Depreciation and Amortization which we define as EBITDA consists of operating profit in accordance with GAAP, excluding (i) depreciation expenses, which include depreciation recorded in cost of revenues and in operating cost and expenses lines (e.g., research and development related equipment and/or fixed other assets depreciation), (ii) stock-based compensation expense, (iii) amortization of acquired intangible assets, (iv) merger contract termination fees received from Intel, net of associated cost following the previously announced Intel contract termination, as included in operating profit and (v) restructuring income, net in relation to the reorganization and restructure of our operations in Japan including the cessation of operations of the Arai facility, as included in operating profit. EBITDA is reconciled in the tables below and/or prior earnings-related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company from GAAP operating profit. EBITDA and the adjusted financial information presented herein and/or prior earnings-related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, are not a required GAAP financial measure and may not be comparable to a similarly titled measure employed by other companies. EBITDA and the adjusted financial information presented herein and/or prior earnings-related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, should not be considered in isolation or as a substitute for operating profit, net profit or loss, cash flows provided by operating, investing and financing activities, per share data or other profit or cash flow statement data prepared in accordance with GAAP. The term Net Cash, as may be used and/or presented in this release and/or prior earnings-related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, is comprised of cash, cash equivalents, short-term deposits, and marketable securities less debt amounts as presented in the balance sheets included herein. The term Net Cash is not a required GAAP financial measure, may not be comparable to a similarly titled measure employed by other companies and should not be considered in isolation or as a substitute for cash, debt, operating profit, net profit or loss, cash flows provided by operating, investing and financing activities, per share data or other profit or cash flow statement data prepared in accordance with GAAP. The term Free Cash Flow, as used and/or presented in this release and/or prior earnings related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, is calculated to be net cash provided by operating activities (in the amounts of $101 million, $125 million and $126 million for the three months periods ended December 31, 2024, September 30, 2024 and December 31, 2023, respectively and in the amounts of $449 million and $677 million for the years ended December 31, 2024 and December 31, 2023, respectively (less cash used for investments in property and equipment, net (in the amounts of $93 million, $128 million and $136 million for the three months periods ended December 31, 2024, September 30, 2024 and December 31, 2023, respectively and in the amounts of $432 million and $432 million for the years ended December 31, 2024 and December 31, 2023, respectively). The term Free Cash Flow is not a required GAAP financial measure, may not be comparable to a similarly titled measure employed by other companies and should not be considered in isolation or as a substitute for operating profit, net profit or loss, cash flows provided by operating, investing, and financing activities, per share data or other profit or cash flow statement data prepared in accordance with GAAP.

    About Tower Semiconductor
    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns one operating facility in Israel (200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy with STMicroelectronics as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    CONTACT:
    Liat Avraham | Investor Relations | +972-4-6506154 | liatavra@towersemi.com

    Forward-Looking Statements
    This release, as well as other statements and reports filed, stated and published in relation to this quarter’s results, includes certain “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among others, projections and statements with respect to our future business, financial performance and activities. The use of words such as “projects”, “expects”, “may”, “targets”, “plans”, “intends”, “committed to”, “tracking”, or words of similar import, identifies a statement as “forward-looking.” Actual results may vary from those projected or implied by such forward-looking statements and you should not place any undue reliance on such forward-looking statements, which describe information known to us only as of the date of this release. Factors that could cause actual results to differ materially from those projected or implied by such forward-looking statements include, without limitation, risks and uncertainties associated with: (i) demand in our customers’ end markets, (ii) reliance on acquisitions and/or gaining additional capacity for growth, (iii) difficulties in achieving acceptable operational metrics and indices in the future as a result of operational, technological or process-related problems, (iv) identifying and negotiating with third-party buyers for the sale of any excess and/or unused equipment, inventory and/or other assets, (v) maintaining current key customers and attracting new key customers, (vi) over demand for our foundry services resulting in high utilization and its effect on cycle time, yield and on schedule delivery, as well as customers potentially being placed on allocation, which may cause customers to transfer their business to other vendors, (vii) financial results that may fluctuate from quarter to quarter, making it difficult to forecast future performance, (viii) our debt and other liabilities that may impact our financial position and operations, (ix) our ability to successfully execute acquisitions, integrate them into our business, utilize our expanded capacity and find new business, (x) fluctuations in cash flow, (xi) our ability to satisfy the covenants stipulated in our agreements with our debt holders, (xii) pending litigation, (xiii) meeting the conditions set in approval certificates and other regulations under which we received grants and/or royalties and/or any type of funding from the Israeli, US and/or Japan governmental agencies, (xiv) receipt of orders that are lower than the customer purchase commitments and/or failure to receive customer orders currently expected, (xv) possible incurrence of additional indebtedness, (xvi) the effects of global recession, unfavorable economic conditions and/or credit crisis, (xvii) our ability to accurately forecast financial performance, which is affected by limited order backlog and lengthy sales cycles, (xviii) possible situations of obsolete inventory if forecasted demand exceeds actual demand when we create inventory before receipt of customer orders, (xix) the cyclical nature of the semiconductor industry and the resulting periodic overcapacity, fluctuations in operating results and future average selling price erosion, (xx) financing capacity acquisition related transactions, strategic and/or other growth or M&A opportunities, including funding Agrate fab’s significant 300mm capacity investments and acquisition or funding of equipment and other fixed assets associated with the capacity corridor transaction with Intel as announced in September 2023, in addition to other capacity and capability expansion plans, and the possible unavailability of such financing and/or the availability of such financing on unfavorable terms, (xxi) operating our facilities at sufficient utilization rates necessary to generate and maintain positive and sustainable gross, operating and net profit, (xxii) the purchase of equipment and/or raw material (including purchases beyond our needs), the timely completion of the equipment installation, technology transfer and raising the funds therefor, (xxiii) product returns and defective products, (xxiv) our ability to maintain and develop our technology processes and services to keep pace with new technology, including artificial intelligence, evolving standards, changing customer and end-user requirements, new product introductions and short product life cycles, (xxv) competing effectively, (xxvi) the use of outsourced foundry services by both fabless semiconductor companies and integrated device manufacturers, (xxvii) our dependence on intellectual property rights of others, our ability to operate our business without infringing others’ intellectual property rights and our ability to enforce our intellectual property against infringement, (xxviii) the Fab 3 landlord’s alleged claims that the noise abatement efforts made thus far are not adequate under the terms of the amended lease that caused him to request a judicial declaration that there was a material non-curable breach of the lease and that he would be entitled to terminate the lease, as well the ability to extend such lease or acquire the real estate and obtain the required local state and/or approvals required to be able to continue operations beyond the current lease term, (xxix) retention of key employees and recruitment and retention of skilled qualified personnel, (xxx) exposure to inflation, currency rates (mainly the Israeli Shekel, the Japanese Yen and the Euro) and interest rate fluctuations and risks associated with doing business locally and internationally, as well as fluctuations in the market price of our traded securities, (xxxi) meeting regulatory requirements worldwide, including export, environmental and governmental regulations, as well as risks related to international operations, (xxxii) potential engagement for fab establishment, joint venture and/or capital lease transactions for capacity enhancement in advanced technologies, including risks and uncertainties associated with the Agrate fab and the capacity corridor transaction with Intel as announced in September 2023, such as their qualification schedule, technology, equipment and process qualification, facility operational ramp-up, customer engagements, cost structure, required investments and other terms, which may require additional funding to cover their significant capacity investment needs and other payments, the availability of which funding cannot be assured on favorable terms, if at all, (xxxiii) potential liabilities, cost and other impacts that may be incurred or occur due to reorganization and consolidation of fabrication facilities, including the impact of cessation of operations of our facilities, including with regard to our 6 inch facility, (xxxiv) potential security, cyber and privacy breaches, (xxxv) workforce that is not unionized which may become unionized, and/or workforce that is unionized and may take action such as strikes that may create increased cost and operational risks, (xxxvi) the issuance of ordinary shares as a result of exercise and/or vesting of any of our employee equity, as well as any sale of shares by any of our shareholders, or any market expectation thereof, as well as the issuance of additional employee stock options and/or restricted stock units, or any market expectation thereof, which may depress the market value of the Company and the price of the Company’s ordinary shares and in addition may impair our ability to raise future capital, and (xxxvii) climate change, business interruptions due to floods, fires, pandemics, earthquakes and other natural disasters, the security situation in Israel, global trade “war” and the current war in Israel, including the potential inability to continue uninterrupted operations of the Israeli fab, impact on global supply chain to and from the Israeli fab, power interruptions, chemicals or other leaks or damages as a result of the war, absence of workforce due to military service as well as risk that certain countries will restrict doing business with Israeli companies, including imposing restrictions if hostilities in Israel or political instability in the region continue or exacerbate, and other events beyond our control. With respect to the current war in Israel, if instability in neighboring states occurs, Israel could be subject to additional political, economic, and military confines, and our Israeli facility’s operations could be materially adversely affected. Any current or future hostilities involving Israel or the interruption or curtailment of trade between Israel and its present trading partners, or a significant downturn in the economic or financial condition of Israel, could have a material adverse effect on our business, financial condition and results of operations.

    A more complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this release or which may otherwise affect our business is included under the heading “Risk Factors” in the Company’s most recent filings on Forms 20-F and 6-K, as were filed with the SEC and the Israel Securities Authority. Future results may differ materially from those previously reported. The Company does not intend to update, and expressly disclaims any obligation to update, the information contained in this release.

    TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)  
    (dollars in thousands)  
      December 31,   December 31,  
      2024   2023  
    ASSETS        
    CURRENT ASSETS        
    Cash and cash equivalents $ 271,894   $ 260,664  
    Short-term deposits 946,351   790,823  
    Marketable securities —   184,960  
    Trade accounts receivable 211,932   154,067  
    Inventories 268,295   282,688  
    Other current assets 61,817   35,956  
    Total current assets 1,760,289   1,709,158  
    PROPERTY AND EQUIPMENT, NET 1,286,622   1,155,929  
    GOODWILL AND OTHER INTANGIBLE ASSETS, NET 10,196   12,115  
    OTHER LONG-TERM ASSETS 23,378   41,315  
    TOTAL ASSETS $ 3,080,485   $ 2,918,517  
    LIABILITIES AND SHAREHOLDERS’ EQUITY        
    CURRENT LIABILITIES        
    Short-term debt $ 48,376   $ 58,952  
    Trade accounts payable 130,624   139,128  
    Deferred revenue and customers’ advances 21,655   18,418  
    Other current liabilities 84,409   60,340  
    Total current liabilities 285,064   276,838  
    LONG-TERM DEBT 132,437   172,611  
    LONG-TERM CUSTOMERS’ ADVANCES 7,690   25,710  
    OTHER LONG-TERM LIABILITIES 15,114   16,319  
    TOTAL LIABILITIES 440,305   491,478  
    TOTAL SHAREHOLDERS’ EQUITY 2,640,180   2,427,039  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,080,485   $ 2,918,517  
             
    TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)  
    (dollars and share count in thousands, except per share data)  
      Three months ended  
      December 31,   September 30,   December 31,  
      2024   2024   2023  
    REVENUES $ 387,191   $ 370,512   $ 351,711  
    COST OF REVENUES 300,338   277,451   267,294  
    GROSS PROFIT 86,853   93,061   84,417  
    OPERATING COSTS AND EXPENSES:            
    Research and development 20,622   19,867   20,849  
    Marketing, general and administrative 19,812   17,432   18,401  
      40,434   37,299   39,250  
                 
    OPERATING PROFIT 46,419   55,762   45,167  
    FINANCING AND OTHER INCOME, NET 8,315   6,104   16,682  
    PROFIT BEFORE INCOME TAX 54,734   61,866   61,849  
    INCOME TAX EXPENSE, NET (2,149)   (7,026)   (10,130)  
    NET PROFIT 52,585   54,840   51,719  
    Net loss (profit) attributable to non-controlling interest 2,553   (193)   2,128  
    NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 55,138   $ 54,647   $ 53,847  
    BASIC EARNINGS PER SHARE $ 0.49   $ 0.49   $ 0.49  
    Weighted average number of shares 111,493   111,237   110,796  
    DILUTED EARNINGS PER SHARE $ 0.49   $ 0.49   $ 0.48  
    Weighted average number of shares 112,967   112,474   111,308  
    RECONCILIATION FROM GAAP NET PROFIT ATTRIBUTABLE TO THE COMPANY TO ADJUSTED NET PROFIT ATTRIBUTABLE TO THE COMPANY:
    GAAP NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 55,138   $ 54,647   $ 53,847  
    Stock based compensation 10,684   8,611   6,662  
    Amortization of acquired intangible assets 574   448   442  
    ADJUSTED NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 66,396   $ 63,706   $ 60,951  
    ADJUSTED EARNINGS PER SHARE:            
    Basic $ 0.60   $ 0.57   $ 0.55  
    Diluted $ 0.59   $ 0.57   $ 0.55  
                 
    TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)  
    (dollars and share count in thousands, except per share data)  
      Year ended  
      December 31,  
      2024   2023  
    REVENUES $ 1,436,122   $ 1,422,680  
    COST OF REVENUES 1,096,680   1,069,161  
    GROSS PROFIT 339,442   353,519  
    OPERATING COSTS AND EXPENSES:        
    Research and development 79,434   79,808  
    Marketing, general and administrative 74,964   72,454  
    Restructuring income, net * (6,270)   (32,506)  
    Merger-contract termination fee, net ** —   (313,501)  
      148,128   (193,745)  
             
    OPERATING PROFIT 191,314   547,264  
    FINANCING AND OTHER INCOME, NET 26,113   37,578  
    PROFIT BEFORE INCOME TAX 217,427   584,842  
    INCOME TAX EXPENSE, NET (10,205)   (65,312)  
    NET PROFIT 207,222   519,530  
    Net loss (profit) attributable to non-controlling interest 642   (1,036)  
    NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 207,864   $ 518,494  
    BASIC EARNINGS PER SHARE $ 1.87   $ 4.70  
    Weighted average number of shares 111,153   110,289  
    DILUTED EARNINGS PER SHARE $ 1.85   $ 4.66  
    Weighted average number of shares 112,343   111,216  
    * Restructuring income, net resulted from the previously disclosed reorganization and restructure of our Japan operations during 2022.  
    ** Merger-contract termination fee received from Intel during the third quarter of 2023, net of associated cost.  
             
    RECONCILIATION FROM GAAP NET PROFIT ATTRIBUTABLE TO THE COMPANY TO ADJUSTED NET PROFIT ATTRIBUTABLE TO THE COMPANY:
    GAAP NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 207,864   $ 518,494  
    Stock based compensation 33,837   27,931  
    Amortization of acquired intangible assets 1,918   1,923  
    Restructuring income, net *** (2,634)   (11,224)  
    Merger-contract termination fee, net **** —   (289,988)  
    ADJUSTED NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 240,985   $ 247,136  
    ADJUSTED EARNINGS PER SHARE:        
    Basic $ 2.17   $ 2.24  
    Diluted $ 2.15   $ 2.22  
    *** Restructuring income, net resulted from the previously disclosed reorganization and restructure of our Japan operations during 2022, net of tax.
    **** Merger-contract termination fee received from Intel during the third quarter of 2023, net of associated cost and tax.
    TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED)  
    (dollars in thousands)  
      Three months ended  
      December 31,   September 30,   December 31,  
      2024   2024   2023  
    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD $ 270,979   $ 265,313   $ 314,816  
    Net cash provided by operating activities 100,816   124,743   126,098  
    Investments in property and equipment, net (93,396)   (127,624)   (136,426)  
    Debt received (repaid), net 2,795   (16,402)   (8,950)  
    Effect of Japanese Yen exchange rate change over cash balance (4,972)   5,537   2,101  
    Proceeds from (investment in) deposits, marketable securities and other assets, net (4,328)   19,412   (36,975)  
    CASH AND CASH EQUIVALENTS – END OF PERIOD $ 271,894   $ 270,979   $ 260,664  
      Year ended      
      December 31,   December 31,      
      2024   2023      
    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD $ 260,664   $ 340,759      
    Net cash provided by operating activities 448,682   676,561 *    
    Investments in property and equipment, net (431,653)   (432,184)      
    Debt repaid, net (32,455)   (32,346)      
    Proceeds from investment in subsidiary —   1,932      
    Effect of Japanese Yen exchange rate change over cash balance (4,758)   (5,395)      
    Proceeds from (investment in) deposits, marketable securities and other assets, net 31,414   (288,663)      
    CASH AND CASH EQUIVALENTS – END OF PERIOD $ 271,894   $ 260,664      
    * Merger-contract termination fee received from Intel during 2023, net of associated cost, in the amount of $313,501  
    was included within the net cash provided by operating activities for the year ended December 31, 2023.  
     TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)  
    (dollars in thousands)  
      Year ended  
      December 31,   December 31,  
      2024   2023  
    CASH FLOWS – OPERATING ACTIVITIES        
    Net profit for the period $ 207,222   $ 519,530  
    Adjustments to reconcile net profit for the period        
    to net cash provided by operating activities:        
    Income and expense items not involving cash flows:        
    Depreciation and amortization * 266,279   258,021  
    Effect of exchange rate differences and fair value adjustment 133   (1,632)  
    Other expense (income), net 24,721   (7,047)  
    Changes in assets and liabilities:        
    Trade accounts receivable (60,169)   (3,160)  
    Other current assets (33,992)   (9,541)  
    Inventories 4,778   8,682  
    Trade accounts payable 35,784   (8,254)  
    Deferred revenue and customers’ advances (14,783)   (35,676)  
    Other current liabilities 22,021   (70,163)  
    Other long-term liabilities (3,312)   25,801  
    Net cash provided by operating activities 448,682   676,561 **
    CASH FLOWS – INVESTING ACTIVITIES        
    Investments in property and equipment, net (431,653)   (432,184)  
    Proceeds from (investments in) deposits, marketable securities and other assets, net 31,414   (288,663)  
    Net cash used in investing activities (400,239)   (720,847)  
    CASH FLOWS – FINANCING ACTIVITIES        
    Debt repaid, net (32,455)   (32,346)  
    Proceeds from investment in subsidiary —   1,932  
    Net cash used in financing activities (32,455)   (30,414)  
    EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGE (4,758)   (5,395)  
             
    INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,230   (80,095)  
    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 260,664   340,759  
    CASH AND CASH EQUIVALENTS – END OF PERIOD $ 271,894   $ 260,664  
    * Includes amortization of acquired intangible assets and stock based compensation in the amounts of $35,755  
    and $29,854 for the years ended December 31, 2024, and December 31, 2023, respectively.      
    ** Merger-contract termination fee received from Intel during the third quarter of 2023, net of associated cost, in the amount
    of $313,501 was included within the net cash provided by operating activities for the year ended December 31, 2023.
             

    The MIL Network –

  • MIL-OSI Asia-Pac: President of India to Inaugurate International Conference on Integrative Health Solutions in Delhi on the occasion of Unani Day tomorrow

    Source: Government of India

    President of India to Inaugurate International Conference on Integrative Health Solutions in Delhi on the occasion of Unani Day tomorrow

    The Government of India remains committed to advancing the development of Unani medicine, ensuring that it contributes meaningfully to public welfare and the overall health of the global community: Shri Prataprao Jadhav, Union Minister of State, (I/C) Ministry of Ayush

    Posted On: 10 FEB 2025 3:40PM by PIB Delhi

    President of India, Smt. Droupadi Murmu will inaugurate the two-day International Conference on Unani Day tomorrow at Vigyan Bhawan, New Delhi. Dr. Jitendra Singh, Minister of State (Independent Charge), Ministry of Science and Technology & Ministry of Earth Sciences and Shri Prataprao Jadhav, Minister of State (Independent Charge), Ministry of Ayush & Minister of State for Health and Family Welfare will also be present on the occasion.

    Every year the 11th of February marks Unani Day, celebrating the birth anniversary of eminent Unani physician, educator, and freedom fighter Hakim Ajmal Khan. The Central Council for Research in Unani Medicine (CCRUM), a premier research council under the Ministry of Ayush, Government of India, is hosting the distinguished International Conference on “Innovations in Unani Medicine for Integrative Health Solutions – A Way Forward” from February 11-12, 2025, at Vigyan Bhawan, New Delhi.

    While highlighting the growth of the Unani system of medicine and the focus of the Government towards integration of Ayush systems in mainstream healthcare, Shri Prataprao Jadhav, Union Minister of State, Independent Charge, Ministry of Ayush, said, “I am proud to witness the growing integration of Unani medicine into the global healthcare framework. By fostering innovation and collaboration, we aim to bring forward comprehensive healthcare solutions that honour our traditional practices while addressing modern health challenges. The Government of India remains committed to advancing the development of Unani medicine, ensuring that it contributes meaningfully to public welfare and the overall health of the global community.”

    While underlining the focus of the Government to boost scientific research activity in Ayush systems, Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush, stated that “The establishment of research centres in the Ayush sector, the inclusion of Ayush in mainstream health policies, and integration of traditional systems into the broader health framework reflects India’s commitment to preserving and promoting our cultural heritage. This international conference aims to highlight the latest advances in Unani Medicine and their utility in holistic health systems.”

    The International Conference offers a dynamic platform for dialogue, collaboration, and knowledge exchange, aiming to highlight the pivotal role of Unani Medicine in the promotion of global health and well-being. Key Objectives of the Conference Include-Fostering Innovation: Exploring new frontiers in Unani medicine for integrative healthcare solutions; Global Collaboration: Facilitating knowledge-sharing among national and international experts in traditional and integrative medicine; Showcasing Achievements: Highlighting the latest research and advancements in Unani medicine by CCRUM.

    Key Highlights of the Event include- Scientific Sessions: Expert-led keynote addresses and discussions on integrating Unani medicine into modern healthcare; Exhibition: A vibrant display of innovations in Unani and herbal pharmaceuticals, educational institutions, research organisations, and service providers; Global Participation: Delegates from countries including the USA, South Africa, Iran, Malaysia, UAE, Tajikistan, Uzbekistan, Sri Lanka, and Bangladesh will contribute to insightful deliberations.

    On this occasion, several publications by CCRUM will be released, including the Souvenir of the International Conference. Additionally, NABL and NABH certificates will be awarded to CCRUM institutions. A short video showcasing the Council’s recent initiatives will also be launched. Furthermore, Certificates of Appreciation will be awarded for the best research papers, outstanding contributions to Unani medicine, and the best-performing institutions.

    ****

    MV/AKS

    (Release ID: 2101306) Visitor Counter : 94

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Indian Delegation under the leadership of Minister of State for Women and Child Development Smt. Savitri Thakur to participate in the 63rd session of the Commission for Social Development 2025 in New York, USA

    Source: Government of India

    Indian Delegation under the leadership of Minister of State for Women and Child Development Smt. Savitri Thakur to participate in the 63rd session of the Commission for Social Development 2025 in New York, USA

    Smt. Thakur will present India’s statement at the Ministerial Forum on the Priority Theme: “Strengthening Solidarity and Social Cohesion” tomorrow

    Posted On: 10 FEB 2025 2:34PM by PIB Delhi

    India will be participating in the 63rd session of the Commission for Social Development (CSoCD), scheduled from 10th to 14th February, 2025, under the leadership of Smt. Savitri Thakur, Minister of State for the Ministry of Women and Child Development, Government of India (GoI). The CSoCD session aims to foster discussions and partnerships on critical social development issues, with a focus on advancing inclusive social policies and promoting social well-being globally.

    During the session, India will actively participate in key deliberations. Smt. Savitri Thakur, MoS will present  India’s statement at the Ministerial Forum on the Priority Theme: “Strengthening Solidarity and Social Cohesion” on Tuesday, 11th February, 2025.

    The Indian delegation will also contribute to the discussions on emerging issues like “Policies to Bolster Social Resilience in the Context of More Frequent and Complex Crises” and also participate in discussions on Universal Rights-Based Social Protection Systems.

    The Indian delegation will highlight policies and initiatives aimed at strengthening social resilience at the meeting.

    The discussions during this Commission for Social Development session are expected to deepen global collaboration in addressing social vulnerabilities and improving resilience in the face of crises. India remains committed to sharing its experiences and learning from global peers to build stronger, more resilient societies.

    *****    

    SS/MS

    (Release ID: 2101276) Visitor Counter : 22

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: IEW’ 25 to Witness Unprecedented Global Participation and Innovation

    Source: Government of India

    Posted On: 10 FEB 2025 4:38PM by PIB Delhi

    “India Energy Week 2025 (IEW’25) is set to be the first major global event on the energy calendar and the most comprehensive and inclusive energy gathering of the year, especially in light of recent global developments that are expected to have a transformative impact on the energy market,” said Shri Hardeep Singh Puri, Minister of Petroleum & Natural Gas, while interacting with the media today. 

    Speaking on the sidelines of IEW’25, which will be held at Yashobhoomi, Dwarka, from February 11 to 14, 2025, Shri Puri highlighted India’s growing stature in the global energy landscape. He stated that IEW’25 is set to be even larger, more diverse, and more impactful than its previous two editions. Covering over 1 lakh square meters, IEW’25 will be the second-largest energy event globally in terms of ministerial and CEO participation, exhibition space, and the number of sessions.

    IEW’25 is set to be a landmark event in the global energy calendar, continuing its rapid growth from previous editions. Shri Hardeep Singh Puri, highlighted key metrics showcasing this expansion: a 65% increase in exhibition space over 2024 (28,000 sqm), 105 conference sessions (15% higher than 2024, 24% higher than 2023), 70,000+ delegates (55% higher than 2024, 89% higher than 2023), 500 speakers (38% higher than 2024, 58% higher than 2023), and 700+ exhibitors (57% higher than 2024, 115% higher than 2023). He touched upon some more key milestones, including a 35% increase in abstracts received as compared to last year (2,702 submissions) and a rise in international speakers at the Strategic Conference from 33% in 2024 to 48% in 2025.

    The Minister said that on the sidelines of IEW’25, the Ministry of Petroleum & Natural Gas will host a Clean Cooking Ministerial, bringing together global policymakers, industry leaders, and experts to accelerate the transition to clean cooking solutions. The event will showcase India’s success with the Pradhan Mantri Ujjwala Yojana (PMUY) as a model for global adoption. It aims to foster international collaboration, drive policy discussions, and facilitate technology sharing to ensure clean, affordable, and accessible cooking energy for households worldwide.

    Union Minister for Petroleum & Natural Gas, Shri Puri, underlined the event’s unprecedented scale, with 10 country pavilions (including Canada, Germany, Japan, the USA, and the UK) and 8 thematic zones covering areas such as hydrogen (1951 sqm), biofuels (1164 sqm), and net zero initiatives ( 350 sqm).

    The event will see participation from major Indian energy ministries, including the Ministry of Power, MNRE, NITI Aayog, and the Ministry of Mines, reflecting India’s commitment to integrated energy solutions, the Minister said. The Sustainable Mobility Pavilion, set up by SIAM, will showcase 15 cutting-edge vehicle models from 10 OEMs, under the theme “People-Centric Mobility Ecosystem.”

    Minister Shri Puri encouraged attendees to explore pioneering technologies developed by Public Sector Undertakings (PSUs). Key exhibits include ONGC’s deep-sea simulation game, HPCL’s indigenous Solid Oxide Fuel Cell System, BPCL’s LPG cylinder ATM, and CSIR’s e-tractor for sustainable agriculture.

    With its scale, innovation, and global participation, IEW’25 is poised to position India at the forefront of the global energy transition.

    *****

    MONIKA

    (Release ID: 2101335) Visitor Counter : 77

    MIL OSI Asia Pacific News –