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Category: Americas

  • MIL-OSI USA: Governor Stein, Department of Environmental Quality Announce $204 Million for Drinking Water and Wastewater Projects

    Source: US State of North Carolina

    Headline: Governor Stein, Department of Environmental Quality Announce $204 Million for Drinking Water and Wastewater Projects

    Governor Stein, Department of Environmental Quality Announce $204 Million for Drinking Water and Wastewater Projects
    lsaito

    Raleigh, NC

    Governor Josh Stein announced today that 27 counties across the state will receive more than $204 million in funding for 48 drinking water and wastewater infrastructure projects. The awards will improve drinking water and wastewater infrastructure, address PFAS and other forever chemicals, identify and replace lead pipes, and improve resiliency after future storms.

    “When you turn on the faucet in your home, you shouldn’t have to worry about whether that water is safe for your family,” said Governor Josh Stein. “These investments will help ensure North Carolinians have access to clean drinking water and will help keep people safe when disaster strikes.”   

    “At DEQ, we’re committed to ensuring everyone in North Carolina has access to clean water,” said Department of Environmental Quality Secretary Reid Wilson. “This funding will address aging infrastructure and improve public health for communities large and small.”

    Notable projects include:

    • The Town of Bryson City (Swain County) will receive $9.2 million in Clean Water State Revolving Funds for wastewater treatment plant improvements.
    • The Town of Waynesville (Haywood County) will receive $8.2 million from the Clean Water State Revolving Fund for improvements to the Little Champion Gravity Sewer and Pump Station.
    • The City of Graham (Alamance County) will receive $3.4 million in Infrastructure Investment and Jobs Act (IIJA) Drinking Water State Revolving Fund-Emerging Contaminant (PFAS) Construction funding for Graham-Mebane Water Treatment Plant improvements.
    • The Fayetteville Public Works Commission (Cumberland County) will receive $20.5 million from IIJA Drinking Water State Revolving Fund Emerging Contaminant (PFAS) Construction funding for the P.O. Hoffer / Glenville Lake Water Treatment Plant Granulated Activated Carbon (GAC) facility.
    • The Town of River Bend (Craven County) will receive $6.3 million in Drinking Water State Revolving Funds for Phase II drinking water improvements.
    • The Martin County Regional Water and Sewer Authority will receive $1 million in IIJA Drinking Water State Revolving Fund-Emerging Contaminant (PFAS) Construction funding for GAC filters for PFAS removal.
    • The City of Lenoir (Caldwell County) will receive $5.6 million from the Clean Water State Revolving Fund for Lower Creek Wastewater Treatment Plant Process Basin Improvements. Lenoir will also receive $1 million in IIJA Drinking Water State Revolving Fund Lead Service Line funding for its Lead Service Line Inventory Phase 3 project.
    • The City of Lexington (Davidson County) will receive $13.7 million in Clean Water State Revolving Funds for the Lexington Regional Wastewater Treatment Plant Solids Handling Improvements project.
    • The City of Henderson (Vance County) will receive $10.7 million from the Clean Water State Revolving Fund for the Sandy Creek Pump Station and Force Main project.
    • The Town of Warrenton (Warren County) will receive $10 million from the Clean Water State Revolving Fund for its Phase IV Wastewater Treatment Plant Improvements project.
    • The City of Sanford (Lee County) will receive $7.3 million in Clean Water State Revolving Funds for its Dry Creek Basin Sewer Rehabilitation project and $1 million each for its Sanford/TriRiver Water/Chatham County and Sanford/TriRiver Water/Siler City Lead Service Line Inventory projects.
    • The Pfeiffer-North Stanly Water Association (Stanly County) will receive $4.9 million in Drinking Water State Revolving Funds for its N. Main Street and Old 52 waterline replacement project.
    • Carolina Water Service, Inc. will receive a total of $5.5 million for six projects involving PFAS-related, lead service line identification or water line-related funding in Cumberland, Gaston, Moore and Pender counties.

    A list of all projects selected for funding is available on the North Carolina Department of Environmental Quality (NCDEQ) website.

    NCDEQ’s Division of Water Infrastructure reviewed 133 eligible applications, which requested a total of $1.57 billion. The State Water Infrastructure Authority approved the awards during its July 16 meeting. The Authority is an independent body with primary responsibility for awarding federal and state funding for water infrastructure projects. 

    Funding this round came from the State Revolving Funds, including IIJA funds. The State Revolving Funds provide low-interest loans that may be partially forgiven for drinking water and wastewater projects. State Revolving Funds are funded by federal capitalization grants and revolving loan repayments. This round included IIJA Emerging Contaminants (PFAS) funds and IIJA Lead Service Line Replacement funds. 

    The Division of Water Infrastructure’s Fall 2025 funding round begins July 29. Applications are due by 5 p.m. Sept. 30, 2025. Funding for the Fall 2025 round will come from multiple existing programs, including evaluating options to address PFAS contamination, identifying and replacing lead service lines, and Viable Utility Reserve grants. The Viable Utility Reserve provides grants to local government units that are designated as Distressed for planning and construction projects that will support the long-term viability of the utility. 

    In addition, the Division will accept applications on a rolling basis for the new federal supplemental appropriations from the 2025 American Relief Act to build resilience to infrastructure for Hurricane Helene-impacted communities. Helene State Revolving Fund supplemental funds for western North Carolina towns that have experienced Helene damage will continue to be available through year-round applications starting at the end of July until 2026.  

    The Division of Water Infrastructure will conduct in-person funding application training for the Fall 2025 funding round at six locations: Clyde, Hickory, Boone, Fayetteville, Winterville, and Research Triangle Park/Durham. A virtual option via Webex will also be available, and a recording of the training will be posted on the Division’s training web page.

    Learn more about the Division of Water Infrastructure’s funding programs here. 

    Jul 23, 2025

    MIL OSI USA News –

  • MIL-OSI USA: Importers Agree to Pay $6.8M to Resolve False Claims Act Liability Relating to Voluntary Self-Disclosure of Unpaid Customs Duties

    Source: US State of California

    Manchester, New Hampshire, based Global Plastics LLC (Global Plastics) and Melville, New York, based Marco Polo International LLC (Marco Polo), both subsidiaries of MGI International LLC, have agreed to pay $6.8 million to resolve their civil liability under the False Claims Act for knowingly failing to pay customs duties on certain plastic resin imported from the People’s Republic of China (PRC). In connection with the settlement, the United States acknowledged that MGI International and its subsidiaries took a number of significant steps entitling them to credit for cooperating with the government.

    To enter goods into the United States, an importer must declare, among other things, the country of origin of the goods, the value of the goods, whether the goods are subject to duties, and the amount of duties owed. U.S. Customs and Border Protection (CBP) collects applicable duties.

    In 2024, MGI and its subsidiaries disclosed to CBP and the U.S. Attorney’s Office for the District of New Hampshire that, beginning in May 2019, Global Plastics and Marco Polo failed to declare the correct country of origin and value on certain entries of plastic resin products manufactured in the PRC and, as a result, failed to pay the proper duties owed to CBP.   

    “The Department will pursue those who gain an unfair trade advantage in U.S. markets, including those who knowingly evade or underpay duties owed on foreign imports,” said Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division. “As today’s settlement reflects, when importers fail to pay customs duties owed, they can mitigate the consequences by making timely self-disclosures, cooperating with investigations, and taking appropriate remedial measures.”

    “Companies doing business in the United States must play by the rules, including paying full custom duties owed for imports,” said Acting U.S. Attorney Jay McCormack for the District of New Hampshire. “This resolution demonstrates that when companies self-disclose misconduct, cooperate fully with the government’s investigation, and take meaningful corrective action, they can receive credit for those admissions. We will continue to hold accountable those who attempt to avoid paying what they owe to the federal government, while also recognizing responsible corporate behavior.”

    “When companies use unfair trade practices and fraudulent methodologies to avoid paying customs duties, it robs the American people of revenue and undermines our economy,” said acting Executive Assistant Commissioner Susan S. Thomas of the Office of Trade, U.S. Customs and Border Protection. “I am proud that CBP was able to work with the Department of Justice to help ensure a level playing field for law abiding businesses.”

    MGI cooperated with the United States’ investigation by, among other things: making a timely voluntary self-disclosure of the potential violations; performing a thorough and independent internal investigation;  preserving, collecting, and disclosing facts not known to the government but relevant to its investigation; conducting an analysis of potential damages that was shared with the government; and implementing appropriate remedial actions, including disciplining personnel and making improvements to compliance procedures. As a result, MGI, Global Plastics, and Marco Polo received credit under the Department’s guidelines for taking disclosure, cooperation, and remediation into account in False Claims Act settlements.

    This resolution obtained in this matter was the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section and the U.S. Attorney’s Office for the District of New Hampshire, with assistance from the CBP’s Office of Chief Counsel.

    This matter was handled by Assistant United States Attorney Raphael Katz of the District of New Hampshire and Senior Trial Counsel Art J. Coulter of the Civil Division’s Commercial Litigation Branch, Fraud Section.

    The claims resolved by the settlement are allegations only, and there has been no determination of liability.

    MIL OSI USA News –

  • MIL-OSI: Get $50 Welcome Bonus, 100x Leverage & No KYC on BexBack – Crypto Futures Trading Simplified

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 23, 2025 (GLOBE NEWSWIRE) — As Bitcoin trades near $120,000 and the crypto market enters a new bull market, holding spot positions may struggle to deliver short-term profits. With the market showing strong upward momentum, investors looking to maximize their returns can turn to BexBack Exchange for a powerful solution. BexBack offers 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users, providing traders the tools to seize profitable opportunities. Plus, with no KYC requirements, BexBack ensures a seamless and efficient trading experience.

    Advantages of 100x Leverage Crypto Futures

    1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
    2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
    3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
    4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
    5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users , you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a16aa38f-cdae-425e-996c-2648e82d5ef0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1ad5a331-aa57-4f0b-ab21-b87061191568

    https://www.globenewswire.com/NewsRoom/AttachmentNg/12f8df3a-75b9-480f-affd-fd9829799b27

    https://www.globenewswire.com/NewsRoom/AttachmentNg/84422ec5-b03f-4214-bcd7-94d2ec100652

    The MIL Network –

  • MIL-OSI: Get $50 Welcome Bonus, 100x Leverage & No KYC on BexBack – Crypto Futures Trading Simplified

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 23, 2025 (GLOBE NEWSWIRE) — As Bitcoin trades near $120,000 and the crypto market enters a new bull market, holding spot positions may struggle to deliver short-term profits. With the market showing strong upward momentum, investors looking to maximize their returns can turn to BexBack Exchange for a powerful solution. BexBack offers 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users, providing traders the tools to seize profitable opportunities. Plus, with no KYC requirements, BexBack ensures a seamless and efficient trading experience.

    Advantages of 100x Leverage Crypto Futures

    1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
    2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
    3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
    4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
    5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users , you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a16aa38f-cdae-425e-996c-2648e82d5ef0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1ad5a331-aa57-4f0b-ab21-b87061191568

    https://www.globenewswire.com/NewsRoom/AttachmentNg/12f8df3a-75b9-480f-affd-fd9829799b27

    https://www.globenewswire.com/NewsRoom/AttachmentNg/84422ec5-b03f-4214-bcd7-94d2ec100652

    The MIL Network –

  • MIL-OSI: BTCC Exchange Honored with Triple Recognitions from FXEmpire in Comprehensive 2025 Industry Analysis

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet accompanying this announcement is available by clicking on this link.

    VILNIUS, Lithuania, July 23, 2025 (GLOBE NEWSWIRE) — BTCC, the world’s longest-serving cryptocurrency exchange, is proud to announce that it has received three distinguished awards from FXEmpire following their comprehensive evaluation of over 50 centralized crypto exchanges in 2025.

    BTCC has been honored with the “Lowest Fee Crypto Exchange,” “Best Fiat-to-Crypto Trading Platform,” and “Best Crypto Exchange in the USA” awards, cementing its position as an industry leader.

    The “Lowest Fee Crypto Exchange” and “Best Fiat-to-Crypto Trading Platform” recognitions underscore the platform’s commitment to providing users worldwide with low fiat deposit fees across major currencies, including USD, CAD, EUR, and many others. Backed by multi-region licences, BTCC supports high transaction limits that ensure smooth and compliant fiat onboarding for traders globally.

    The “Best Crypto Exchange in the USA” award recognizes BTCC’s FinCEN licence in the U.S. and its commitment to transparency, as demonstrated by monthly Proof of Reserves reports that consistently maintain reserve ratios above 100%.

    “We’re truly honored and excited to receive these awards from FXEmpire,” said Aaryn Ling, Head of Branding at BTCC. “These recognitions validate our commitment to providing traders with the most efficient, secure, and cost-effective cryptocurrency trading services, and reinforce our mission to uplift the industry’s standard for quality trading.”

    With 14 years of proven security and reliability since 2011, BTCC continues to strengthen its position in the global cryptocurrency market. As an industry pioneer, BTCC remains committed to delivering reliable and accessible trading services to users worldwide.

    Learn more about the rewards on BTCC’s website.

    About FXEmpire

    Established in 2011, FXEmpire is a globally recognized financial news platform. It offers up-to-date market news, detailed analysis, real-time quotes and charts, and expert reviews of brokers and crypto exchanges.

    About BTCC Exchange

    Founded in 2011, BTCC is a leading global cryptocurrency exchange with the vision to make crypto trading reliable and accessible to everyone. With a strong presence in over 100 countries and regions and a user base of over 9.1 million, BTCC continues to deliver innovation, security, and an unmatched user experience in the cryptocurrency world.

    Official website: https://www.btcc.com/en-US

    X: https://x.com/BTCCexchange

    Contact: press@btcc.com

    The MIL Network –

  • MIL-OSI United Kingdom: Manchester Day this weekend – everything you need to know!

    Source: City of Manchester

    Manchester’s favourite day of the year is back this weekend with a fantastic day of free music-themed family fun on Saturday (26 July) to help celebrate the city’s homegrown musical talent and this year’s big summer of live music in the city.

    Inspired by what is proving to be a sensational summer of music in Manchester, expect pop-up performances, astounding acrobatics and banging beats throughout the city’s streets and squares as the whole city comes together for Manchester Day 2025.

    The council has worked with outdoor arts specialists Walk the Plank on a programme for the day this year that is full of surprises and promises lots of free fun all with a musical twist.

    The day kicks off with a mini parade at 12 noon from St Peter’s Square, that will make its way along Deansgate and on to the Cathedral.  Led by two fantastical creatures, and with over 400 participants, including live bands, dancing birds, plenty of drummers and some of Manchester’s many community groups dancing and performing their way along the route in a riot of colour and sound, it’s definitely one not to miss.

    From English National Opera and Walk the Plank teaming up with football fans and community choirs, West End show tunes, juggling drummers, a hip-hop wrestling ring, plus two musical cats and a larger-than-life canary all in a giant birdcage, the day will see non-stop surprises throughout. 

    Expect sparks to fly as the world’s largest dhol drum rolls into town, opening up to reveal dancers and drummers, whilst award-winning dance company Levantes will be dressed to impress at their ‘High Tea with a Twist’, in New Cathedral Street. 

    Throw some shapes and bust some moves over on the Deansgate dancefloor where Moroccan trance music and Bhangra dance will be the order of the day, whilst French street theatre company Stoptoï will be combining dance, drumming and juggling in a brand-new, high-energy show on St Mary’s Gate.

    Enjoy music and performance from some of Manchester’s finest groups including the Bridgewater Hall Singers, or kick back and relax with a drink at the Capri Beach bar, before having a wander around one of the city-wide music trails, exploring Manchester’s musical heritage and hotspots. 

    Don’t miss the Perfect Pitch Three O’clock Kick-off, or the show-stopping grand finale in Cathedral Gardens combining opera singing and football chants at 4:30 pm in Cathedral Gardens, where a main stage will feature a fantastic programme of music throughout the day, The Urban Playground Team will perform Zoo Humans, a parkour performance piece that blends movement and storytelling.

    The day will also see a whole host of free have-a-go activities for youngsters of all ages to join in with from circus skills, drumming workshops, and ukulele introduction sessions, to music-themed craft activities and the ever-popular sport pop-ups.

    Manchester Day visitors are also invited this year to join Manchester Opera House for an exclusive free behind-the-scenes tour of the iconic venue, with the chance also to take part in special performance-themed workshops, or to try their hand at crafting band posters from recycled show posters.

    And don’t forget to keep your eyes peeled throughout the day for a majestic lion, a cheeky gorilla, giant seagulls and a host of marvellous bees and butterflies – just a few of the weird and wonderful walkabout acts waiting to surprise people on the day.

    Councillor Pat Karney, Chair of Manchester Day, said: “We’ve got a fantastic Manchester Day lined up for everyone this year which is going all out to celebrate the music our city and our fabulous communities make.  We’ve got an absolute ton of stuff going on for families and people of all ages on Manchester’s favourite day of the year. So shake your maracas, slip on your dancing shoes, prepare to make some noise, and come on down and join us!”

    Manchester Day has been created in collaboration with outdoor arts specialists Walk the Plank who have also worked with community groups across the city to put together what is set be a vibrant and lively mini parade.

    Liz Pugh, Creative Producer, Walk the Plank, said: “The mini parade celebrates the wonderful creativity and diverse traditions of our modern city and highlights the contribution of some of our newest communities.  We’re bringing the talents of some of Manchester’s finest carnival artists, and will be welcoming back groups like Keep Manchester Tidy and the School of Samba, as well as some exciting newcomers.”

    Manchester Day 2025 is sponsored by Manchester Airport Group, with activations across the city on the day by Red Bull, Capri Beach Club, Shaken Udder, Just My Look, Manchester Originals, and The Cut & Craft.  The event is also backed by Redgate and Department, and partners Great Northern Warehouse and The Opera House, as well as through long-standing partnerships with Biffa and Manchester Evening News.

    Activities run throughout the day on Saturday 26 July from 12 noon to 5 pm.

    Here’s the full lowdown on what’s happening and where throughout the day:

    MINI PARADE
    Fantastical winged creatures, a Phoenix, and beautiful birds of paradise will feature in this year’s mini parade which involves over 20 community groups and bands and more than 400 participants.

    Two playful inflatable Griffins will lead the parade whilst the Queen Bee sits atop her Gondola made from recycled cutlery, repurposed into a beautiful vessel that sails through the streets, and Walk the Plank’s giant Dhol Drum beats out Punjabi rhythms as it makes its way along Deansgate.

    Dancers from the Filipino Anglo Club of Greater Manchester and Colibri Dance bring the traditions of the Philipines and Mexico to Manchester, whilst the Hong Kong Cultural community takes part for the first time with a Phoenix kite-bird and Lo Ting a character who is half-human, half-fish and according to legend is the ancestor of Hong Kong’s people.

    Manchester’s Lithuanian Association will be bringing a Lithuanian legend to life with their Queen of Serpents who changed her children into trees, and the Guangxi Cultural Association will be performing traditional Chinese dance in full costumes.

    Parade highlights also include Manchester Airport Group with their planes, traffic controllers, and dancing chandeliers, and more dance from Ad Hoc Dance, one of the longest running community dance groups, as well as hip hop from young street dancers from FreshSkillz.

    With the Irish pipes of Fiana Phadraig Pipe Band from Wythenshawe, drummers from the Manchester Dhol Players, the Brazilian-inspired brass of Jubacana, two samba bands, and singers from the Perfect Pitch collaboration with English National Opera, it promises to be a loud and lively start to the day. 

    The mini parade leaves St Peter’s Square at 12 noon, travelling along Peter Street to Deansgate, then along the length of Deansgate before ending at the Cathedral at approximately 1 pm.

    CATHEDRAL GARDENS
    Enjoy main stage performances from Baked a la Ska, who will be serving up original tunes along with playful ska-infused covers of your favourite hits, alongside synth pop star Michael Aldag and world music from Manchester International Roots Orchestra.Be transported to the sunny shores of the Caribbean by steel band, Arthur’s Class Act.

    The Urban Playground Team will perform Zoo Humans, a parkour performance piece that blends movement and storytelling. Keep your eyes peeled for a surprise performance later on it the afternoon.

    Plus listen out for chart-topping hits played on ukuleles and a stunning PERFECT PITCH mass choir finale from 4:25 pm featuring football fans, community choirs, internationally acclaimed soprano Camilla Kerslake and some extra surprises. 

    Look out also for pop-up performances from Cocky Robins, beautiful Butterflies, Giant Seagulls, and a pair of post-match footballers who aren’t afraid of getting down in the dirt and a Three o’clock kick-off penalty shoot-out like no other.

    ST ANN’S SQUARE
    Join us in our wrestling ring stage – hosted by Trans Creative’s Kate O’Donnell – for West End showtunes from Sam Buttery, mind boggling magic from Fay Presto, music from rapper OneDa, an acoustic performance from viral sensation Michael Aldag, and opera with a twist from Flat Pack Music, plus hula hooper extraordinaire Danielle de la Wonk, and wrestling demos from Future Shock Pro Wrestling, 

    Marvel at the larger-than-life Birdcage Stage where a giant canary and two musical cats will defy the laws of gravity to try and outwit each other in cartoon capers full of slapstick silliness. Who will end up inside the cage at the end?
    And look out for a lion on the loose and a mischievous stowaway from Borneo.

    DEANSGATE
    Watch the mini parade snake its way along Deansgate between 12 noon and 1 pm, led by two giant fantastical griffins, followed by live bands, dancing birds, drummers and some of Manchester’s many community groups in a riot of colour and sound.

    Marvel as sparks fly when the world’s largest dhol drum rolls into town, opening up to reveal the Nachda Sansaar dancers and drummers.

    Get on down to live acts on the Deansgate dancefloor, including Moroccan trance music, Bhangra dance, Kemoy and the KYSO Collective, and the Soul Beats dance troupe.

    Seasoned cyclists or complete beginners are all invited to join the Manchester Day Pedal Party. Hop onto a balance bike, try out an e-cargo bike, or test a top of the range road bike. There’ll also be accessible, adapted bikes that can be ridden.

    NEW CATHEDRAL STREET
    New Cathedral Street will be alive with the sound of music, as the Bridgewater Hall Singers serenade crowds with songs from across the decades, and ukulele orchestras play chart-topping hits.

    Enjoy High Tea with a Twist with Levantes Dance, who will be dressed to impress and performing daring dance and acrobatics above a tastefully laid tea table, plus hilarious street theatre heroes delivering a sizzling mix of slapstick comedy, and the world’s only mobile football stadium.

    MARKET STREET
    Visit Circus House to learn a whole new set of circus skills.

    Discover the finest regional produce at the Manchester Day Craft Market by Manchester Markets, selling everything from home-made bakes and locally sourced honey, to hand dipped candles and artisan doughnuts.

    ST MARY’S GATE
    Don’t miss French street theatre company Stoptoï combine dance, drumming and juggling in a high-energy show full of rhythm and imagination.

    Get your blood pumping at the 60m, pop up athletic track supplied by GLL, or dive into the fast and furious world of The Hundred, a turbo charged version of traditional test cricket.

    Try batting, bowling, and catching in a special area, meet players from Manchester Originals, and be in with the chance of winning prizes.

    Enjoy astounding acrobatic performances and master a new skill with the folks from Circus House.  

    OPERA HOUSE 
    Take a free, guided, behind-the-scenes tour of this iconic Manchester venue on Quay Street, craft a band poster from recycled show posters, or take part in a performance themed workshop.

    KING STREET
    King Street turns into Guitar Street as the Music for the Senses art trail takes over the city centre, with amazing artworks and interactive installations that celebrate Manchester’s legendary music scene. In association with Wild in Art.

    EXCHANGE STREET
    Make some noise with Manchester Libraries and craft a harmonica or tambourine to take home.  

    MCR LIVE ’25 HUB
    Roll with it at the city’s newest destination on Piccadilly Gardens to help celebrate the mammoth summer of live music in Manchester.

    Grab a drink at the bar, sample some of the North West’s best street food or catch a free DJ or live music act on the outdoor stage. 

    Locations and activities may be subject to change. Find out the most up-to-date information 

    MIL OSI United Kingdom –

  • MIL-OSI USA: Travel Advisory: I-195 Westbound Limited Night Time Lane Closure

    Source: US State of Rhode Island

    The Rhode Island Department of Transportation today announced that it will close a small portion of the I-195 westbound highspeed lane and shoulder tomorrow night, July 23 from 8:30 p.m. to 5:00 a.m. on Thursday, July 24. The work is being done at the request of the City of Providence so that it can have access to work on pipes related to the hurricane barrier.

    The shoulder and the highspeed lane will be closed from the Providence River Bridge exit to the South Water Street exit. This span is not on the Washington Bridge.

    RIDOT will have traffic control measures in place to ensure the safe and efficient flow of traffic during this work.

    All inquiries should be directed to the City of Providence.

    Contact: Craig J. Hochman, (401) 680-7515 or Roger Biron (401) 680-7531.

    MIL OSI USA News –

  • MIL-OSI: EnerPure Appoints Advisory Board Members to Support Strategic Growth and Commercialization Efforts

    Source: GlobeNewswire (MIL-OSI)

    Winnipeg, MB, July 23, 2025 (GLOBE NEWSWIRE) — EnerPure Inc. (“EnerPure” or the “Company”), a waste to energy company, is pleased to announce the appointment of Gary Farrar, Susan Rohac, and Mogens L. Mathiesen as Advisory Board Members. Each of these newly appointed Advisors brings significant industry experience and expertise in their respective areas and their thought leadership, strategic acumen, and experience will be invaluable to management as EnerPure moves through the commercialization and growth phase.

    “Gary, Susan, and Mogens as true experts in their respective fields provide tremendous depth and width to the knowledge base of our team, we are honoured to have them on the team” said Rick Koshman, President and CEO of EnerPure. “Each of them brings a unique and highly complementary skill set that aligns perfectly with our goal to deploy 21 recycling plants in 6 years. Gary with over 46 years experience in UMO recycling, Susan as one of Canada’s most prolific Cleantech investors, and Mogens with his shipping decarbonization focus provide us with priceless industry insights and know-how as we look to navigate the next few years.”

    About Gary Farrar
    Gary is a seasoned executive with over 45 years of leadership in the used motor oil (UMO) recycling and environmental services industry across North America. His expertise spans operations, business development, logistics, refinery supply, and sales. He has held senior roles including U.S. Vice President of Supply and Product Sales at Safety-Kleen, where he led the growth of recycled oil streams and oversaw the world’s largest UMO re-refinery. As General Manager of Safety-Kleen Canada, he managed nationwide operations and multiple business lines. At Heritage-Crystal Clean, he helped launch and scale a 75-million-gallon refinery in Indianapolis. Gary is known for building high-performing teams and driving operational and commercial success in complex industrial environments.

    About Susan Rohac – LinkedIn
    Susan recently retired from BDC (Business Development Bank of Canada) after 34 years of service. As Managing Partner of the Climate Tech venture capital fund, she led a pan-Canadian team of investment professionals and managed a portfolio of over $1 billion in assets including a $500 million fund that was launched in 2022 focusing on investing in Canada’s most promising cleantech companies. She has invested in a wide range of climate technologies such as CCUS, CDR, hydrogen, critical minerals, energy storage/battery, mobility, proptech, and advanced materials. Susan was recognized as a Climate Leader in 2024 by the Clean50 and was recipient of the Clean16 award. Susan holds honour degrees in both science and finance and has her executive MBA and ICD governance designation.

    About Mogens L. Mathiesen – LinkedIn
    Mogens has over 25 years of expertise in maritime technology and sustainability. Specializing in maritime decarbonisation, he has pioneered data-driven solutions to reduce shipping emissions. As Chief Industry and Strategy Officer at HUB Ocean, Mogens led initiatives to enable green shipping routes and foster industry collaboration. He co-founded Arundo Analytics, driving the development of analytics platforms for maritime applications, and volunteers in the Ocean Rescue Service in Norway. With an M.Sc. in Ocean Engineering and Marine Cybernetics from the NTNU and UC Berkeley, Mogens is committed to advancing sustainable practices through innovation and strategic leadership.

    About EnerPure – https://enerpure.tech
    “We recycle Used Motor Oil (UMO) to reduce GHG emissions while producing a lower carbon-intensive marine fuel.”

    Each year ~17 billion litres of UMO* are improperly burned or dumped, causing widespread environmental harm. EnerPure sees a tremendous opportunity to solve this problem through the deployment of its modular micro-scale recycling plants using its patented technology to convert UMO into high-quality marine fuel.

    EnerPure is entering its next phase of growth, with our first commercial plant planned for Alberta. Our recycling plants require ~5% of the capex of traditional solutions, enabling localized recycling (while reducing the cost of collection) and providing strong economic returns. 

    Our technology has been proven via our pilot plant (operating at 43% of scale) with 1.6 million litres processed and validated through the sale of over 1.2 million litres. Our drop-in ISO 8217-compliant marine fuel is in high demand in a growing market with its 14.6% lower carbon intensity.  Annually each recycling plant can reduce greenhouse gas (“GHG”) emissions and criteria air contaminants by 36,315 and 437 tonnes, respectively.

    EnerPure, while delivering strong economic returns, offers a proven, scalable platform where environmental need meets commercial opportunity, powering the energy transition through smart regional recycling.

    *UMO is defined as any petroleum-based or synthetic lubricating oil that cannot be used for its original purpose due to contamination.

    Disclosure and Caution
    This press release may contain certain disclosures that may constitute “forward-looking statements” within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors, including but not limited to economic, capital expenditures, and engineering projections, that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

     

    The MIL Network –

  • MIL-OSI Analysis: Congress has a chequered history of overseeing US intelligence and national security

    Source: The Conversation – UK – By Luca Trenta, Associate Professor in International Relations, Swansea University

    Tonya Ugoretz, a top FBI intelligence analyst, was placed on administrative leave in June. The FBI has not said why. But the decision came around the time she refused to endorse what was reportedly a thinly sourced report accusing China of interfering in the 2020 US presidential election in favour of Joe Biden.

    At the Bureau, loyalty tests and polygraph checks have also allegedly become routine as part of a crackdown on news leaks. When approached by the New York Times about the matter, the FBI declined to comment and cited “personnel matters and internal deliberations”.

    The situation does not seem to be much different at the CIA. In May, agency director John Ratcliffe ordered a review of the intelligence community’s earlier conclusion that Russia had interfered in the 2016 presidential campaign on behalf of Donald Trump. The conclusion, Ratcliffe contends, was unwarranted and imposed by political pressure – a claim that has been rejected by one of the report’s leading authors.

    The intelligence community has reportedly also been under pressure to substantiate Trump’s claims that the recent military strikes on Iran had obliterated its nuclear sites. This is despite mixed evidence regarding the extent of their success. These examples suggest a growing politicisation of intelligence and national security in the US.

    Researchers and observers have highlighted the detrimental effect of this process. When intelligence is conducted by ideologues that are screened for loyalty, it often becomes more about pleasing the leader than collecting accurate information and preventing failure.

    Less attention has been paid to the permissive attitude of Congress. Many Republicans in Congress have taken an unquestioning attitude toward the claims made by the president and other officials, allowing intelligence agencies to pursue Trump’s agenda unimpeded.

    While Trump and Patel’s focus on personal loyalty when it comes to intelligence is new, partisan influence in congressional oversight is not. In fact, Congress has a long history of supporting the intelligence priorities of the governing administration.

    For much of the cold war, Congress was not involved – and did not want to be involved – in matters of intelligence. This view was expressed by former CIA legal counsel, Walter Pforzheimer, during an interview in 1988. Reflecting on the early days of oversight, he stated: “It wasn’t that we were attempting to hide anything. Our main problem was we couldn’t get them [Congress] to sit still and listen.”

    This quote isn’t entirely true. In research from 2023, I showed that Congress was more involved than was generally believed. The US-backed 1954 coup in Guatemala, which deposed the democratically elected president, Jacobo Árbenz, is a case in point. Leading members of Congress were “in the know” and others pushed Dwight Eisenhower’s administration to be even more aggressive.

    But Congress took on a more active role in intelligence matters in the 1970s. Following a series of public revelations about the CIA’s behaviour, a select committee was established in 1975 and exposed abuses by intelligence agencies including the surveillance of US citizens, experiments with drugs and involvement in assassinations.

    In the wake of this, Congress established intelligence committees with oversight duties. The idea was that the CIA would present a document signed by the president to notify congressional committees of its intentions.

    However, the system ran into trouble in the 1980s, and partisanship and politicisation were part of the story. The Ronald Reagan administration’s support for the “contra” rebels in Nicaragua made intelligence a matter of severe partisan conflict.

    Removing Nicaragua’s government

    When Reagan took office in 1981, one of the primary foreign policy priorities for his administration was removing the Sandinista National Liberation Front from power in Nicaragua. The administration saw the Sandinistas as a threat to the region and – in Reagan’s black-and-white thinking – as puppets of Communist Moscow and Havana.

    The administration sought to convince Congress that its aims were limited. The aim, or so CIA director William Casey told the intelligence committees, was to obstruct the transfer of weapons from Nicaragua to neighbouring El Salvador. Another left-wing guerrilla movement, the Farabundo Martí National Liberation Front, was threatening the US-supported government there.

    Initially, the policy received bipartisan support in Congress. The linchpin of this policy was the creation of an insurgent group in Nicaragua called the contras (contrarevolucionarios). It was made up of members of the previous regime’s brutal national guard, as well as other groups that had become disgruntled with the Sandinistas.

    Nicaraguan contras, who fought against the Sandinista government in Nicaragua during the 1980s.
    Tiomono / Wikimedia Commons, CC BY-NC-SA

    News stories soon made clear that the size of the contra army had radically expanded, from the 500 members discussed by Casey in his initial briefing to thousands. The contras’ stated goal of overthrowing the Sandinistas, which they ultimately failed to do, also contradicted the earlier Reagan administration’s statements to Congress.

    Democrats in Congress pushed the leadership of intelligence committees to curtail the administration’s activities. Edward Boland, chairman of the House Intelligence Committee, penned and helped to pass two amendments. The first prohibited any US government support for the purpose of overthrowing the Nicaraguan government.

    When the administration found loopholes to circumvent this, Boland’s second amendment prohibited any US funds from being spent in support of the contras. This amendment is generally understood as a first step towards the so-called Iran-Contra scandal.

    The Reagan administration illegally funded the contras behind Congress’s back by using the proceeds from secret arms sales to Iran – a state the US had been at loggerheads with since the 1979 Islamic revolution.

    The Boland amendments also helped make an intelligence and covert operations issue a matter of public debate and – more importantly – congressional votes. Republicans in Congress abandoned their oversight duties and followed the administration’s guidelines.

    Votes on contra aid became an opportunity for partisan controversy, vitriolic attacks, accusations of betrayal and large-scale influence campaigns. Instead of oversight, a deep partisan divide materialised.

    Counting on Congress? Think again

    The role of Congress is to conduct oversight. It is the role of the governing administration to keep Congress informed of intelligence matters, particularly covert operations. History shows this has often been hard to achieve.

    Congress has been complacent, complicit and often too willing to follow the government’s lead. In some cases, Congress has acted but primarily in the aftermath of major scandals or media revelations. This is called “firefighting” behaviour.

    But “firefighters” seem to now be in short supply. As much as domestic constraints on Trump’s power are decreasing, the same is happening in the context of intelligence and foreign policy.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Luca Trenta received funding from British Academy Grant SRG21211237.

    – ref. Congress has a chequered history of overseeing US intelligence and national security – https://theconversation.com/congress-has-a-chequered-history-of-overseeing-us-intelligence-and-national-security-261120

    MIL OSI Analysis –

  • MIL-OSI Canada: Minister’s statement on StatsCan release of 2024 police-reported crime statistics

    Nina Krieger, Minister of Public Safety and Solicitor General, has released the following statement in response to Statistics Canada’s release of 2024 police-reported crime statistics:

    “The newly released 2024 police-reported crime stats are encouraging. B.C.’s Crime Severity Index fell 11% last year to its lowest level in six years, marking the largest drop in the country.

    “This progress reflects the continued efforts by the B.C. government, First Nations and local governments, police services, community organizations and businesses to work together to build safer communities.

    “This reduction is also the result of focused investments in policing, mental-health and addictions supports, housing and crime-prevention initiatives. We are seeing the positive impacts of new provincial programs to strengthen public safety, such as expanded integrated response teams and targeted enforcement against repeat violent offenders and organized crime. For example, in British Columbia, violent firearm offences dropped by 20%, homicides dropped 24%, robbery dropped by 8% and mischief dropped by 4%.

    “While these results are promising, we know we have more work to do and there are specific areas where we need to renew our focus. If you are the victim of a theft or an attack, these statistics do not make you feel any safer.

    “I am committed to supporting front-line officers and community partners, addressing the root causes of crime and ensuring that there are specific areas where we need to strengthen our efforts. There is much more to do and we’re going to keep working hard to make sure people in British Columbia can build a good life in safe, healthy communities.”

    MIL OSI Canada News –

  • MIL-OSI USA: Department of Energy Terminates Taxpayer-Funded Financial Assistance for Grain Belt Express

    Source: US Department of Energy

    The Department of Energy today announced the Loan Programs Office has terminated its conditional commitment for the Grain Belt Express Phase 1 project.

    Energy.gov

    July 23, 2025

    WASHINGTON— The Department of Energy (DOE) today announced the Loan Programs Office (LPO) has terminated its conditional commitment for the Grain Belt Express Phase 1 project, a high-voltage direct current (HVDC) transmission line intended to connect wind and solar capacity across Kansas and Missouri. The conditional commitment, which would have provided a taxpayer-funded loan guarantee of up to $4.9 billion dollars, was issued by the Biden administration in November 2024 – one of many conditional commitments that were rushed out the door in the final days of the Biden administration.

    After a thorough review of the project’s financials, DOE found that the conditions necessary to issue the guarantee are unlikely to be met and it is not critical for the federal government to have a role in supporting this project. To ensure more responsible stewardship of taxpayer resources, DOE has terminated its conditional commitment.

    DOE is conducting a review of every applicant and borrower – including the nearly $100 billion in closed loans and conditional commitments LPO made between Election Day 2024 to Inauguration Day 2025 – to ensure every single taxpayer dollar is being used to advance the best interest of the American people. This ongoing review positions LPO to move forward with a lower risk tolerance in lending practices and an uncompromising focus on expanding access to affordable, reliable and secure energy for the American people.

    DOE remains focused on advancing projects that expand American energy dominance and deliver on President Trump’s commitment to lower energy prices for the American people.

    Asa Reynolds Named Winner of the U.S. Department of Energy’s 2025 CyberForce® Conquer the Hill® Reign Competition

    MIL OSI USA News –

  • MIL-OSI Russia: Rosneft Continues Whale Research

    Translation. Region: Russian Federal

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    World Whale and Dolphin Day is celebrated annually on July 23. The date was established to draw humanity’s attention to the need to preserve and protect cetaceans and other marine mammals.

    Rosneft pays special attention to environmental issues and the preservation of biodiversity. The Company’s activities are based on the principle of preserving a favorable environment and biological diversity in all regions of presence. Studying and protecting the population of whales and dolphins is one of the areas of Rosneft’s environmental program.

    One of the main species that receives close attention is the gray whale of the Okhotsk Sea population. The monitoring program for these whales has been carried out on the north-eastern shelf of Sakhalin Island for almost 30 years. As part of the research, specialists annually conduct a population census, observe the behavior of animals and study their food supply, carry out photo-identification studies, and acoustic monitoring.

    Until the 1990s, the Okhotsk Sea gray whale population was considered to be completely exterminated and was classified as a species on the verge of extinction. In 2018, the western gray whale population was classified as endangered, indicating a slow but steady recovery of the Okhotsk subpopulation of gray whales.

    In 2019, the Okhotsk Sea populations of gray and Greenland whales were included by the Russian Ministry of Natural Resources in the list of rare and endangered species of wildlife requiring priority measures for restoration and reintroduction. In 2020, the Okhotsk Sea population of gray whales was listed in the Red Book of the Russian Federation.

    In addition, the Company conducts environmental monitoring of the Okhotsk-Korean population of gray whales on the north-eastern shelf of Sakhalin Island. Specialists annually perform photo identification, population census, and studies of the food supply and behavior of mammals. The main life period of gray whales in the Sea of Okhotsk is fattening and reproduction, so studying the state of their food supply is one of the most important stages of observations.

    As part of the study of the Okhotsk-Korean gray whale population, unique acoustic monitoring is also being conducted, which includes recording and analyzing the level of natural and anthropogenic underwater noise. The research allows us to study the nature of sounds and model their propagation. Acoustic measurements are carried out using autonomous underwater recorders developed specifically for the project.

    Rosneft is an active participant in the Interdepartmental Working Group under the Ministry of Natural Resources of the Russian Federation to ensure the conservation of the Okhotsk-Korean population of gray whales. The working group develops proposals for the development of legislation for population management, coordinates the interaction of interested federal and regional executive authorities, the business community, scientific and public organizations.

    In 2020, Rosneft, together with the P.P. Shirshov Institute of Oceanology of the Russian Academy of Sciences, implemented a large-scale project to study and monitor Black Sea dolphins. Based on the results of 3 years of observations, modern up-to-date data were obtained on the number and preferred habitats of these Black Sea cetaceans, and the characteristics of their seasonal distribution. Recommendations for the study and conservation of dolphins were prepared.

    Reference:

    The gray whale is the only whale species that has mastered bottom feeding. Whales usually scoop up benthos from the bottom along with water, silt and pebbles at a depth of 15-60 m and filter the suspension through their baleen. The gray whale’s diet includes up to 70 species of invertebrates, including annelids, bivalves, small crustaceans and young fish.

    Gray whales swim slowly – on average 5-8 km/h, which allows marine parasites to cling to the whale’s skin and establish their colonies. The total weight of these fellow travelers can reach 180 kg per whale.

    Department of Information and AdvertisingPJSC NK RosneftJuly 23, 2025

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI USA: Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint

    Source: US Energy Information Administration

    In-brief analysis

    June 16, 2025

    The TIE was reposted to correct a data label and provide the figure data.

    Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: 1Q25=first quarter of 2025. figure data

    The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world’s largest crude oil tankers, and it is one of the world’s most important oil chokepoints. Large volumes of oil flow through the strait, and very few alternative options exist to move oil out of the strait if it is closed. In 2024, oil flow through the strait averaged 20 million barrels per day (b/d), or the equivalent of about 20% of global petroleum liquids consumption. In the first quarter of 2025, total oil flows through the Strait of Hormuz remained relatively flat compared with 2024.

    Although we have not seen maritime traffic through the Strait of Hormuz blocked following recent tensions in the region, the price of Brent crude oil (a global benchmark) increased from $69 per barrel (b) on June 12 to $74/b on June 13. This piece highlights the importance of the strait to global oil supplies.

    Chokepoints are narrow channels along widely used global sea routes that are critical to global energy security. The inability of oil to transit a major chokepoint, even temporarily, can create substantial supply delays and raise shipping costs, potentially increasing world energy prices. Although most chokepoints can be circumvented by using other routes—often adding significantly to transit time—some chokepoints have no practical alternatives. Most volumes that transit the strait have no alternative means of exiting the region, although there are some pipeline alternatives that can avoid the Strait of Hormuz.

    Between 2022 and 2024, volumes of crude oil and condensate transiting the Strait of Hormuz declined by 1.6 million b/d, which were only partially offset by a 0.5-million b/d increase in petroleum product cargoes. The decline in oil transit through the strait partially reflects the OPEC+ decision to voluntarily cut crude oil production several times starting in November 2022, which lowered exports from Saudi Arabia, Kuwait, and the United Arab Emirates (UAE). In addition, disruptions in 2024 to oil flows around the Bab al-Mandeb Strait, which connects the Arabian Sea to the Red Sea, led Saudi Arabia’s national oil company Aramco to shift seaborne crude oil flows from the Strait of Hormuz, instead sending it over land through its East-West pipeline to ports on the Red Sea. Also, more refining capacity in the Persian Gulf states increased regional demand for crude oil and shifted some flows to local markets within the Persian Gulf.

    Flows through the Strait of Hormuz in 2024 and the first quarter of 2025 made up more than one-quarter of total global seaborne oil trade and about one-fifth of global oil and petroleum product consumption. In addition, around one-fifth of global liquefied natural gas trade also transited the Strait of Hormuz in 2024, primarily from Qatar.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025, and U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: World maritime oil trade excludes intra-country volumes except those volumes that transit the Strait of Hormuz. LNG=liquefied natural gas. 1Q25=first quarter of 2025

    Based on tanker tracking data published by Vortexa, Saudi Arabia moves more crude oil and condensate through the Strait of Hormuz than any other country. In 2024, exports of crude and condensate from Saudi Arabia accounted for 38% of total Hormuz crude flows (5.5 million b/d).

    Alternative routes
    Saudi Arabia and the UAE have some infrastructure in place that can bypass the Strait of Hormuz, which may somewhat mitigate any transit disruptions through the strait. The pipelines do not typically operate at full capacity, and we estimate that about 2.6 million b/d of capacity from the Saudi and UAE pipelines could be available to bypass the Strait of Hormuz in the event of a supply disruption.

    Saudi Aramco operates the 5 million-b/d East-West crude oil pipeline, which runs from the Abqaiq oil processing center near the Persian Gulf to the Yanbu port on the Red Sea. Aramco temporarily expanded the pipeline’s capacity to 7.0 million b/d in 2019 when it converted some natural gas liquids pipelines to accept crude oil. In 2024, Saudi Arabia pumped more crude oil through the East-West pipeline to avoid the shipping disruptions around the Bab al-Mandeb.

    The UAE also operates a pipeline that bypasses the Strait of Hormuz. This 1.8 million-b/d pipeline links onshore oil fields to the Fujairah export terminal in the Gulf of Oman. In 2024, crude oil and condensate volumes originating in the UAE and traversing Hormuz were 0.4 million b/d less than in 2022 because refinery upgrades allowed more heavy crude oil to be refined locally. These upgrades also allowed the UAE to increase exports of its lighter crude oil grades, and use of the pipeline to the Fujairah export terminal increased. Increased use of the pipeline for day-to-day operations has limited the excess capacity available to reroute additional volumes around the Strait of Hormuz.

    Iran inaugurated the Goreh-Jask pipeline and the Jask export terminal on the Gulf of Oman (avoiding the Strait of Hormuz) with a single export cargo in July 2021. The pipeline’s effective capacity remains around 300,000 b/d. However, during the summer of 2024 Iran exported less than 70,000 b/d from ports (Bandar-e-Jask and Kooh Mobarak) using the Goreh-Jask pipeline and stopped loading cargoes after September 2024.

    Destination markets
    We estimate that 84% of the crude oil and condensate and 83% of the liquefied natural gas that moved through the Strait of Hormuz went to Asian markets in 2024. China, India, Japan, and South Korea were the top destinations for crude oil moving through the Strait of Hormuz to Asia, accounting for a combined 69% of all Hormuz crude oil and condensate flows in 2024. These markets would likely be most affected by supply disruptions at Hormuz.

    Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: 1Q25=first quarter of 2025. figure data

    In 2024, the United States imported about 0.5 million b/d of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz, accounting for about 7% of total U.S. crude oil and condensate imports and 2% of U.S. petroleum liquids consumption. In 2024, U.S. crude oil imports from countries in the Persian Gulf were at the lowest level in nearly 40 years as domestic production and imports from Canada have increased.

    Principal contributors: Candace Dunn, Justine Barden

    MIL OSI USA News –

  • MIL-OSI: Greene County Bancorp, Inc. Reports Record High Net Income of $31.1 Million for the Fiscal Year Ended June 30, 2025, Announces Plans to Expand into Saratoga County

    Source: GlobeNewswire (MIL-OSI)

    CATSKILL, N.Y., July 23, 2025 (GLOBE NEWSWIRE) — Greene County Bancorp, Inc. (the “Company”) (NASDAQ: GCBC), the holding company for the Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the quarter and fiscal year ended June 30, 2025. Net income for the quarter and fiscal year ended June 30, 2025 was $9.3 million, or $0.55 per basic and diluted share, and $31.1 million, or $1.83 per basic and diluted share, respectively, as compared to $6.7 million, or $0.40 per basic and diluted share, and $24.8 million, or $1.45 per basic and diluted share, for the quarter and fiscal year ended June 30, 2024, respectively. Net income increased $2.6 million, or 38.6%, when comparing the quarters ended June 30, 2025 and 2024, and increased $6.3 million, or 25.7%, when comparing the fiscal years ended June 30, 2025 and 2024.

    Highlights:

    • Net Income: $31.1 million for the fiscal year ended June 30, 2025, a new record high
    • Total Assets: $3.0 billion at June 30, 2025, a new record high
    • Net Loans: $1.6 billion at June 30, 2025, a new record high
    • Total Deposits: $2.6 billion at June 30, 2025
    • Return on Average Assets: 1.10% for the fiscal year ended June 30, 2025
    • Return on Average Equity: 14.08% for the fiscal year ended June 30, 2025

    Donald Gibson, President & CEO, stated: “I am pleased to report record high net income for the fiscal year ended June 30, 2025, marking 16 years of the past 17 years that our Company has achieved record earnings. This sustained performance is a testament to our disciplined business model, strong community partnerships and exceptional execution of our team. As we look ahead, we are excited to announce plans to expand into Saratoga County with our first branch in that market area, expanding our geographic footprint from five to six counties within New York State, and further strengthening our position as the leading economic engine of the communities we serve. Additionally, we are honored to be recognized by the Albany Business Review, first as one of the Capital Regions 11 fastest growing large companies, defined as those with revenue exceeding $100.0 million, and second, on July 17, 2025, we ranked as the number one commercial mortgage lender in New York’s Capital Region for commercial loan volume in 2024. I believe the distinction reflects our financial strength and our long-term commitment to organic growth that benefits customers, communities and shareholders alike.”

    Total consolidated assets for the Company were $3.0 billion at June 30, 2025, primarily consisting of $1.6 billion of net loans and $1.1 billion of total securities available-for-sale and held-to-maturity. Consolidated deposits totaled $2.6 billion at June 30, 2025, consisting of retail, business, municipal and private banking relationships.

    Pre-provision net income was $32.5 million for the year ended June 30, 2025 as compared to $25.5 million for the year ended June 30, 2024, an increase of $7.0 million, or 27.1%. Pre-provision net income measures the Company’s net income less the provision for credit losses. Management believes that this non-GAAP measure assists investors in comprehending the impact of the provision for credit losses on the Company’s reported results, offering an alternative view of the Company’s performance and the Company’s ability to generate income in excess of its provision for credit losses. The Company strategically managed its balance sheet by focusing on higher-yielding loans and securities, and lowering deposit rates to align with the Federal Reserve’s recent interest rate cuts. This resulted in a higher net interest margin for the year ended June 30, 2025 as compared to the year ended June 30, 2024. The Company will continue to monitor the Federal Reserve and interest rates paid on deposits, while maintaining our long-term customer relationships.

    Selected highlights for the quarter and fiscal year ended June 30, 2025 are as follows:

    Net Interest Income and Margin

    • Net interest income increased $3.8 million to $16.7 million for the three months ended June 30, 2025 from $12.9 million for the three months ended June 30, 2024. Net interest income increased $9.1 million to $60.1 million for the year ended June 30, 2025 from $51.0 million for the year ended June 30, 2024. The increase in net interest income was due to an increase in the average balance of interest-earning assets which increased $219.0 million and $170.7 million when comparing the three months and years ended June 30, 2025 and 2024, respectively, an increase in interest rates on interest-earning assets, which increased 16 basis points and 26 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively, and a decrease of 26 basis points in rates paid on interest-bearing liabilities when comparing the three months ended June 30, 2025 and 2024. The increase in net interest income was offset by increases in the average balance of interest-bearing liabilities, which increased $203.4 million and $168.3 million when comparing the three months and years ended June 30, 2025 and 2024, respectively, and an increase of 4 basis points in rates paid on interest-bearing liabilities when comparing the years ended June 30, 2025 and 2024.

      Average loan balances increased $145.9 million and $96.6 million and the yield on loans increased 18 basis points and 23 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively. The average balance of securities increased $87.0 million and $79.1 million and the yield on such securities increased 24 basis points and 36 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively. Average interest-bearing bank balances and federal funds decreased $13.8 million and $5.0 million and the yield on interest-bearing bank balances and federal funds decreased 172 basis points and 36 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively.

      The cost of NOW deposits decreased 34 basis points and 2 basis points, the cost of certificates of deposit decreased 81 basis points and 21 basis points, and the cost of savings and money market deposits decreased 1 basis point and increased 7 basis points when comparing the three months and years ended June 30, 2025 and 2024, respectively. The growth in interest-bearing liabilities was primarily due to an increase in average NOW deposits of $178.0 million and $135.1 million and an increase in average certificates of deposits of $75.0 million and $62.7 million when comparing the three months and years ended June 30, 2025 and 2024, respectively. This was partially offset by a decrease in average savings and money market deposits of $15.0 million and $22.8 million when comparing the three months and years ended June 30, 2025 and 2024, respectively. Yields on interest-earning assets increased when comparing the three months and years ended June 30, 2025 and 2024 as the Company continued to reprice assets into the higher interest rate environment. During the year ended June 30, 2025, the Company implemented a strategic reduction in deposit rates that aligns with the Federal Reserve’s rate cuts, while providing competitive financial solutions to the Company’s customers that reflect the prevailing economic conditions, while growing new relationships.

    • Net interest rate spread increased 42 basis points to 2.14% for the three months ended June 30, 2025, compared to 1.72% for the three months ended June 30, 2024. Net interest rate spread increased 22 basis points to 1.97% for the year ended June 30, 2025, compared to 1.75% for the year ended June 30, 2024.
      Net interest margin increased 40 basis points to 2.37% for the three months ended June 30, 2025, compared to 1.97% for the three months ended June 30, 2024. Net interest margin increased 21 basis points to 2.19% for the year ended June 30, 2025, compared to 1.98% for the year ended June 30, 2024. The increase in net interest rate spread and margin during the three months and year ended June 30, 2025, was due to increases in interest income on loans and securities, as they continue to reprice at higher yields and the interest rates earned on new balances were higher than the historic low levels from the prior periods.
    • Net interest income on a taxable-equivalent basis includes the additional amount of interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income. Tax equivalent net interest margin was 2.67% and 2.24% for the three months ended June 30, 2025 and 2024, respectively, and was 2.47% and 2.25% for the years ended June 30, 2025 and 2024, respectively.

    Credit Quality and Provision for Credit Losses

    • Provision for credit losses amounted to a benefit of $880,000 and $151,000 for the three months ended June 30, 2025 and 2024, respectively. The benefit for the three months ended June 30, 2025 was primarily attributable to an improvement in the qualitative factors assessments on loans, partially offset by a modest deterioration in the economic forecasts used in the Current Expected Credit Loss models on loans as of June 30, 2025, and growth in securities held-to-maturity that require an allowance. Provision for credit losses amounted to a charge of $1.3 million and $766,000 for the years ended June 30, 2025 and 2024, respectively. The provision for the year ended June 30, 2025, was primarily attributable to growth in gross loans, a modest deterioration in the economic forecasts used in the Current Expected Credit Loss models on loans as of June 30, 2025 and growth in securities held-to-maturity that require an allowance, partially offset by an improvement in the qualitative factors assessments on loans. The allowance for credit losses on loans to total loans receivable was 1.24% at June 30, 2025 compared to 1.28% at June 30, 2024.
    • Loans classified as substandard and special mention totaled $45.4 million at June 30, 2025 and $48.6 million at June 30, 2024, a decrease of $3.2 million. Of the loans classified as substandard or special mention, $42.1 million were performing at June 30, 2025. There were no loans classified as doubtful or loss at June 30, 2025 or June 30, 2024.
    • Net charge-offs on loans amounted to $44,000 and $1.0 million for the three months ended June 30, 2025 and 2024, respectively, a decrease of $956,000. Net charge-offs totaled $349,000 and $1.4 million for years ended June 30, 2025 and 2024, respectively. There were no material charge-offs in any loan segment during the three months and year ended June 30, 2025.
    • Nonperforming loans amounted to $3.1 million at June 30, 2025 and $3.7 million at June 30, 2024. The activity in nonperforming loans during the period included $2.6 million in loan repayments, $128,000 in charge-offs or transfers to foreclosure, $67,000 in loans returning to performing status, and $2.1 million of loans placed into nonperforming status. At June 30, 2025, nonperforming assets were 0.10% of total assets compared to 0.13% at June 30, 2024. At June 30, 2025, nonperforming loans were 0.19% of net loans compared to 0.25% at June 30, 2024.

    Noninterest Income and Noninterest Expense

    • Noninterest income increased $46,000, or 1.2%, to $3.8 million for the three months ended June 30, 2025 compared to $3.7 million for the three months ended June 30, 2024. The increase during the three months ended June 30, 2025 was primarily due to a $128,000 increase in fee income earned on customer interest rate swap contracts. This was partially offset by a $152,000 decrease of investment services income. Noninterest income increased $1.3 million, or 9.5%, to $15.2 million for the year ended June 30, 2025 compared to $13.9 million for the year ended June 30, 2024. The increase during the year ended June 30, 2025 was primarily due to a $610,000 Employee Retention Tax Credit, an increase in fee income earned on customer interest rate swap contracts of $528,000, loan fees of $242,000, service charge account fees of $235,000, and income from bank owned life insurance of $363,000. This was partially offset by a $665,000 loss on sales of securities available-for-sale.
    • Noninterest expense increased $497,000, or 5.0%, to $10.4 million for the three months ended June 30, 2025 compared to $9.9 million for the three months ended June 30, 2024. The increase during the three months ended June 30, 2025 was primarily due to a $204,000 increase in service and data processing fees and a $170,000 increase in computer and software supplies. Noninterest expense increased $2.1 million, or 5.6%, to $39.4 million for the year ended June 30, 2025 as compared to $37.3 million for the year ended June 30, 2024. The increase during the year ended June 30, 2025 was primarily due to an increase of $579,000 in salaries and employee benefit costs, as new positions were created during the period to support the Company’s continued growth, an increase of $544,000 in service and data processing fees, an increase of $796,000 in the allowance for credit losses on unfunded commitments, due to the Company’s increased contractual obligations to extend credit, and an increase of $183,000 in occupancy expenses mostly due to repairs and maintenance on the Company’s buildings. This was partially offset by a decrease of $164,000 in legal and professional fees during the year ended June 30, 2025.

    Income Taxes

    • Provision for income taxes reflects the expected tax associated with the pre-tax income generated for the given period and certain regulatory requirements. The effective tax rate was 14.8% and 10.2% for the three months and year ended June 30, 2025, and 1.4% and 7.6% for the three months and year ended June 30, 2024, respectively. The statutory tax rate is impacted by the benefits derived from tax-exempt bond and loan income, the Company’s real estate investment trust subsidiary income, income received on the bank owned life insurance and tax credits, to arrive at the effective tax rate. The increase during the three months and year ended June 30, 2025 is primarily due to higher pre-tax income and reflects a lower mix of tax-exempt income from municipal bonds, tax advantage loans, and bank owned life insurance in proportion to pre-tax income. Additionally, the Company was able to recognize historic preservation tax credits on the Company’s wealth management center, located at 345 Main Street, in Catskill New York for the year ended June 30, 2024.

    Balance Sheet Summary

    • Total assets of the Company were $3.0 billion at June 30, 2025 and $2.8 billion at June 30, 2024, an increase of $214.8 million, or 7.6%.
    • Total cash and cash equivalents for the Company were $183.1 million at June 30, 2025 and $190.4 million at June 30, 2024. The Company has continued to maintain strong capital and liquidity positions as of June 30, 2025.
    • Securities available-for-sale and held-to-maturity increased $91.9 million, or 8.8%, to $1.1 billion at June 30, 2025 as compared to $1.0 billion at June 30, 2024. Securities purchases totaled $444.2 million during the year ended June 30, 2025, and consisted primarily of $308.5 million of state and political subdivision securities, $88.4 million of mortgage-backed securities, $24.7 million of U.S. Treasury securities, $16.7 million of collateralized mortgage obligations, and $5.9 million of corporate debt securities. Principal pay-downs and maturities during the year ended June 30, 2025 amounted to $353.5 million, primarily consisting of $258.7 million of state and political subdivision securities, $58.0 million of U.S. Treasury securities, $32.7 million of mortgage-backed securities, $2.8 million of collateralized mortgage obligations and $1.3 million of corporate debt securities. Sales during the year ended June 30, 2025 amounted to $6.7 million of U.S. Treasury securities.
    • Net loans receivable increased $127.0 million, or 8.6%, to $1.6 billion at June 30, 2025 as compared to $1.5 billion at June 30, 2024. Loan growth experienced during the year ended June 30, 2025 consisted primarily of $117.9 million in commercial real estate loans, $5.5 million in commercial loans, and $4.9 million in home equity loans.
    • Deposits totaled $2.6 billion at June 30, 2025 and $2.4 billion at June 30, 2024, an increase of $250.6 million, or 10.5%. The Company had $51.6 million and zero brokered deposits at June 30, 2025 and June 30, 2024, respectively. NOW deposits increased $192.6 million, or 10.9%, and certificates of deposits increased $89.7 million, or 64.8%, when comparing June 30, 2025 and June 30, 2024. Noninterest bearing deposits decreased $15.3 million, or 12.2%, money market deposits decreased $10.5 million, or 9.3%, and savings deposits decreased $5.9 million, or 2.3%, when comparing June 30, 2025 and June 30, 2024.
    • Borrowings amounted to $128.1 million at June 30, 2025 compared to $199.1 million at June 30, 2024, a decrease of $71.0 million. At June 30, 2025, borrowings included $74.0 million of overnight borrowings with the Federal Home Loan Bank of New York (“FHLB”), $49.9 million of Fixed-to-Floating Rate Subordinated Notes, and $4.2 million of long-term borrowings with the FHLB.
    • Shareholders’ equity increased to $238.8 million at June 30, 2025 compared to $206.0 million at June 30, 2024, resulting primarily from net income of $31.1 million and a decrease in accumulated other comprehensive loss of $6.2 million, partially offset by dividends declared and paid of $4.5 million.

    Corporate Overview

    Greene County Bancorp, Inc. is the holding company for the Bank of Greene County, and its subsidiary Greene County Commercial Bank. The Company is the leading provider of community-based banking services throughout the Hudson Valley and Capital Region of New York State. Its customers include individuals, businesses, municipalities and other institutions. Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market and is dedicated to promoting economic development and a high quality of life in the communities it serves. For more information on Greene County Bancorp, Inc., visit www.tbogc.com.

    Forward-Looking Statements

    This earnings release contains statements about future events that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by references to a future period or periods or by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “will,” “should,” “could,” “plan,” and other similar terms of expressions. Forward-looking statements should not be relied on because they involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. These risks, uncertainties and other factors may cause the actual results, performance or achievements expressed in, or implied by, the forward-looking statements to differ materially from those contemplated by the forward-looking statements. Factors that may cause such a difference include, but are not limited to, local, regional, national and international general economic conditions, including actual or potential stress in the banking industry, financial and regulatory changes, changes in interest rates, regulatory considerations, competition, technological developments, retention and recruitment of qualified personnel, changes in customer deposit behavior, and market acceptance of the Company’s pricing, products and services.

    The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, and advises readers that various factors, including, but not limited to, those described above and other factors discussed in the Company’s annual and quarterly reports previously filed with the Securities and Exchange Commission, could affect the Company’s financial performance and could cause the Company’s actual results or circumstances for future periods to differ materially from those anticipated or projected.

    Unless required by law, the Company does not undertake, and specifically disclaims any obligations to, publicly release any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    For more information, please see our reports filed with the United States Securities and Exchange Commission (“SEC”), including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q.

    Non-GAAP Measures

    In addition to presenting information in conformity with accounting principles generally accepted in the United States of America (GAAP), this news release contains financial information determined by methods other than GAAP (non-GAAP). The following measures used in this release, which are commonly utilized by financial institutions, have not been specifically exempted by the Securities and Exchange Commission (“SEC”) and may constitute “non-GAAP financial measures” within the meaning of the SEC’s rules.

    The Company has provided in this news release supplemental disclosures for the calculation of net interest margin utilizing a fully taxable-equivalent adjustment and pre-provision net income. Management believes that the non-GAAP financial measures disclosed by the Company from time to time are useful in evaluating the Company’s performance and that such information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Our non-GAAP financial measures may differ from similar measures presented by other companies. Refer to the tables on page 9 for Non-GAAP to GAAP reconciliations.

     
    Greene County Bancorp, Inc.
    Consolidated Statements of Income, and Selected Financial Ratios (Unaudited)
                               
      At or for the Three Months   At or for the Years
      Ended June 30,   Ended June 30,
    Dollars in thousands, except share and per share data   2025     2024       2025     2024  
    Interest income $ 30,739   $ 27,328     $ 117,705   $ 103,664  
    Interest expense   14,033     14,471       57,584     52,685  
    Net interest income   16,706     12,857       60,121     50,979  
    Provision for credit losses   (880 )   (151 )     1,316     766  
    Noninterest income   3,765     3,719       15,233     13,908  
    Noninterest expense   10,394     9,897       39,372     37,302  
    Income before taxes   10,957     6,830       34,666     26,819  
    Tax provision   1,624     98       3,528     2,050  
    Net income $ 9,333   $ 6,732     $ 31,138   $ 24,769  
             
    Basic and diluted EPS $ 0.55   $ 0.40     $ 1.83   $ 1.45  
    Weighted average shares outstanding   17,026,828     17,026,828       17,026,828     17,026,828  
    Dividends declared per share (4) $ 0.09   $ 0.08     $ 0.36   $ 0.32  
             
    Selected Financial Ratios        
    Return on average assets(1)   1.28 %   1.00 %     1.10 %   0.93 %
    Return on average equity(1)   15.98 %   13.36 %     14.08 %   12.87 %
    Net interest rate spread(1)   2.14 %   1.72 %     1.97 %   1.75 %
    Net interest margin(1)   2.37 %   1.97 %     2.19 %   1.98 %
    Fully taxable-equivalent net interest margin(2)   2.67 %   2.24 %     2.47 %   2.25 %
    Efficiency ratio(3)   50.77 %   59.71 %     52.25 %   57.49 %
    Non-performing assets to total assets       0.10 %   0.13 %
    Non-performing loans to net loans       0.19 %   0.25 %
    Allowance for credit losses on loans to non-performing loans       658.37 %   516.20 %
    Allowance for credit losses on loans to total loans       1.24 %   1.28 %
    Shareholders’ equity to total assets       7.85 %   7.29 %
    Dividend payout ratio(4)       19.67 %   22.07 %
    Actual dividends paid to net income(5)       14.37 %   13.08 %
    Book value per share     $ 14.03   $ 12.10  
           
    (1) Ratios are annualized when necessary.
    (2) Interest income calculated on a taxable-equivalent basis (non-GAAP) includes the additional interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income.
    (3) The efficiency ratio has been calculated as noninterest expense divided by the sum of net interest income and noninterest income.
    (4) The dividend payout ratio has been calculated based on the dividends declared per share divided by basic earnings per share. No adjustments have been made to account for dividends waived by Greene County Bancorp, MHC (“MHC”), the Company’s majority shareholder, owning 54.1% of the shares outstanding.
    (5) Dividends declared divided by net income. The MHC waived its right to receive dividends declared during the three months ended June 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024, March 31, 2025 and June 30, 2025. Dividends declared during the three months ended September 30, 2023, September 30, 2024, and December 31, 2024 were paid to the MHC.
     
    Greene County Bancorp, Inc.
    Consolidated Statements of Financial Condition (Unaudited)
     
      At
    June 30, 2025    		   At
    June 30, 2024
    Dollars In thousands, except share data      
    Assets      
    Cash and due from banks $ 12,788     $ 13,897  
    Interest-bearing deposits   170,290       176,498  
    Total cash and cash equivalents   183,078       190,395  
           
    Long term certificate of deposit   1,425       2,831  
    Securities available-for-sale, at fair value   356,062       350,001  
    Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $548 and $483 at June 30, 2025 and June 30, 2024   776,147       690,354  
    Equity securities, at fair value   402       328  
    Federal Home Loan Bank stock, at cost   5,504       7,296  
           
    Loans receivable   1,627,406       1,499,473  
    Less: Allowance for credit losses on loans   (20,146 )     (19,244 )
    Net loans receivable   1,607,260       1,480,229  
           
    Premises and equipment, net   15,232       15,606  
    Bank owned life insurance   59,795       57,249  
    Accrued interest receivable   16,381       14,269  
    Prepaid expenses and other assets   19,323       17,230  
    Total assets $ 3,040,609     $ 2,825,788  
           
    Liabilities and shareholders’ equity      
    Noninterest bearing deposits $ 110,163     $ 125,442  
    Interest bearing deposits   2,529,672       2,263,780  
    Total deposits   2,639,835       2,389,222  
           
    Borrowings, short-term   74,000       115,300  
    Borrowings, long-term   4,189       34,156  
    Subordinated notes payable, net   49,867       49,681  
    Accrued expenses and other liabilities   33,881       31,429  
    Total liabilities   2,801,772       2,619,788  
    Total shareholders’ equity   238,837       206,000  
    Total liabilities and shareholders’ equity $ 3,040,609     $ 2,825,788  
    Common shares outstanding   17,026,828       17,026,828  
    Treasury shares   195,852       195,852  
           

    The above information is preliminary and based on the Company’s data available at the time of presentation.

    Non-GAAP to GAAP Reconciliations

    The following table summarizes the adjustments made to arrive at the fully taxable-equivalent net interest margins.

      For the three months ended
    June 30,    		 For the years ended
    June 30,
    (Dollars in thousands)   2025     2024     2025     2024  
    Net interest income (GAAP) $ 16,706   $ 12,857   $ 60,121   $ 50,979  
    Tax-equivalent adjustment(1)   2,130     1,740     7,679     6,791  
    Net interest income-fully taxable-equivalent basis (non-GAAP) $ 18,836   $ 14,597   $ 67,800   $ 57,770  
             
    Average interest-earning assets (GAAP) $ 2,824,952   $ 2,605,966   $ 2,739,472   $ 2,568,756  
    Net interest margin-fully taxable-equivalent basis (non-GAAP)   2.67 %   2.24 %   2.47 %   2.25 %
                             

    (1) Interest income calculated on a taxable-equivalent basis (non-GAAP) includes the additional interest income that would have been earned if the Company’s investment in tax-exempt securities and loans had been subject to federal and New York State income taxes yielding the same after-tax income. The rate used for this adjustment was 21% for federal income taxes for the three and twelve months ended June 30, 2025 and 2024, 4.44% for New York State income taxes for the three and twelve months ended June 30, 2025 and 2024.

    The following table summarizes the adjustments made to arrive at pre-provision net income.

      For the three months ended June 30,
    (Dollars in thousands)   2025     2024  
    Net income (GAAP) $ 9,333   $ 6,732  
    Provision for credit losses   (880 )   (151 )
    Pre-provision net income (non-GAAP) $ 8,453   $ 6,581  
      For the years ended June 30,
    (Dollars in thousands)   2025     2024  
    Net income (GAAP) $ 31,138   $ 24,769  
    Provision for credit losses   1,316     766  
    Pre-provision net income (non-GAAP) $ 32,454   $ 25,535  
                 

    The above information is preliminary and based on the Company’s data available at the time of presentation.

    For Further Information Contact:
    Donald E. Gibson
    President & CEO
    (518) 943-2600
    donaldg@tbogc.com

    Nick Barzee
    SVP & CFO
    (518) 943-2600
    nickb@tbogc.com

     

    The MIL Network –

  • MIL-OSI Submissions: Understanding the violence against Alawites and Druze in Syria after Assad

    Source: The Conversation – USA (3) – By Güneş Murat Tezcür, Professor and Director of the School of Politics and Global Studies, Arizona State University

    Bedouin fighters at Mazraa village on the outskirts of Sweida city, during clashes in southern Syria on July 18, 2025. AP Photo/Ghaith Alsayed

    In July 2025, clashes between the Druze religious minority and Sunni Arabs backed by government-affiliated forces led to hundreds of deaths in Sweida province in southern Syria. Israel later launched dozens of airstrikes in support of the Druze.

    This eruption of violence was an eerie reminder of what had unfolded in March 2025 when supporters of the fallen regime led by Bashar Assad, an Alawite, targeted security units. In retaliation, militias affiliated with the newly formed government in Damascus carried out indiscriminate killings of Alawites.

    While exact figures remain difficult to verify, more than 1,300 individuals, most of them Alawites, lost their lives. In some cases, entire families were summarily executed.

    Although the Syrian government promised an investigation into the atrocities, home invasions, kidnappings of Alawite women and extrajudicial executions of Alawite men continue.

    The violence in Sweida also bore a sectarian dimension, pitting members of a religious minority against armed groups aligned with the country’s Sunni majority.

    A key difference, however, involved the active Israeli support for the Druze and the U.S. efforts to broker a ceasefire.

    Post-Assad Syria has seen promising developments, including the lifting of international sanctions, a resurgence of civil society and the end of diplomatic isolation. There was even a limited rapprochement with the main Kurdish political party controlling northeastern Syria.

    The persistent violence targeting the Alawites and, to a more limited extent, the Druze, starkly contrasts with these trends. As a scholar of religious minorities and the Middle East, I argue that the current political situation reflects their historical persecution and marginalization.

    History of the Alawites

    The Alawites emerged as a distinct religious community in the 10th century in the region of the Latakia coastal mountains, which today make up northwestern Syria.

    Although their beliefs have some commonalities with Shiite Islam, the Alawites maintain their own unique religious leadership and rituals. Under the Ottoman regime in the late 19th century, they benefited from reforms such as the expansion of educational opportunities and economic modernization, while gaining geographical and social mobility.

    After Hafez Assad, the father of Bashar, came to power in a coup in 1970, he drew upon his Alawite base to reinforce his regime. Consequently, Alawites became disproportionately represented in the officer corps and intelligence services.

    Prior to the civil war, which began in 2011, their population was estimated at around 2 million, constituting roughly 10% of Syria’s population. During the civil war, Alawite young men fighting for the regime suffered heavy casualties. However, most Alawites remained in Syria, while Sunni Arabs and Kurds were disproportionately displaced or became refugees.

    Members of the Alawite minority gather outside the Russian air base in Hmeimim, near Latakia in Syria’s coastal region, on March 11, 2025, as they seek refuge there after violence and retaliatory killings in the area.
    AP Photo/Omar Albam

    Among Syria’s minorities, two key factors make the Alawites most vulnerable to mass violence in post-Assad Syria. The first factor is that, like the Druze, Alawites have their own distinct beliefs that deviate from Sunni Islam. Their religious practices and teachings are often described as “esoteric” and remain mostly inaccessible to outsiders.

    In my 2024 book “Liminal Minorities: Religious Difference and Mass Violence in Muslim Societies,” I categorize the Alawites and Druze in Syria alongside Yezidis in Iraq, Alevis in Turkey and Baha’is in Iran as “liminal minorities” – religious groups subject to deep-seated stigmas transmitted across generations.

    These groups are often treated as heretics who split from Islam and whose beliefs and rituals are deemed beyond the pale of acceptance. For instance, according to Alawite beliefs, Ali, the son-in-law of Prophet Muhammad, is a divine manifestation of God, which challenges the idea of strict monotheism central to Sunni Islam.

    From the perspective of Sunni orthodoxy, these groups’ beliefs have been a source of suspicion and disdain. A series of fatwas by prominent Sunni clerics from the 14th to the 19th century declared Alawites heretics.

    Resentment against the Alawites

    The second factor contributing to the Alawites’ vulnerability is the widespread perception that they were the main beneficiaries of the Assad regime, which engaged in mass murder against its own citizens. Although power remained narrowly concentrated under Assad, many Alawites occupied key positions in the security apparatus as well as the government.

    In today’s political landscape where the central government remains weak and its control over various armed groups is limited, religious stigmatization and political resentment create fertile ground for mass violence targeting the Alawites.

    The massacres of March 2025 were accompanied by sectarian hate speech, including open calls for the extermination of the Alawites, both in the streets and on social media.

    While many Sunni Muslims in Syria also perceive the Druze as heretics, they maintained a greater degree of distance from the Assad regime and were less integrated into its security apparatus.

    Nonetheless, in recent months the situation deteriorated rapidly in the Druze heartland. The Druze militias and local Bedouin tribes engaged in heavy fighting in July 2025. Unlike the Alawites, the Druze received direct military assistance from Israel, which has its small but influential Druze population. This further complicates peaceful coexistence among religious groups in post-Assad Syria.

    A sober future

    Sunni Arab identity is central to the newly formed government in Damascus, which can come at the expense of religious and ethnic pluralism. However, it has incentives to rein in arbitrary violence against the Alawites and Druze. Projecting itself as a source of order and national unity helps the government internationally, both diplomatically and economically.

    Internally, however, the new government remains fractured and lacks effective control over vast swaths of territory. While it pays lip service to transitional justice, it is also cautious about being perceived as overly lenient toward individuals associated with the Assad regime and its crimes. Meanwhile, Alawite and Druze demands for regional autonomy continue to stoke popular Sunni resentments and risk triggering further cycles of instability and violence.

    I believe that in a post-Assad Syria defined by fractured governance and episodic retribution, the Alawites as well as Druze are likely to face deepening marginalization.

    Güneş Murat Tezcür does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Understanding the violence against Alawites and Druze in Syria after Assad – https://theconversation.com/understanding-the-violence-against-alawites-and-druze-in-syria-after-assad-255292

    MIL OSI –

  • MIL-OSI Security: Mexican national sentenced to over 11 years for importing nearly $8 million in methamphetamine

    Source: Office of United States Attorneys

    McALLEN, Texas – A 26-year-old resident of Camargo, Mexico, has been sentenced to federal prison for importing more than 100 kilograms of methamphetamine, announced U.S. Attorney Nicholas J. Ganjei.

    Cesar Alejandro Saavedra-Garcia pleaded guilty Feb. 28.

    Chief U.S. District Judge Randy Crane has now ordered Saavedra to serve 135 months in federal prison to be immediately followed by three years of supervised release. At the hearing, the court heard additional evidence that Saavedra-Garcia played an integral role in smuggling illegal narcotics into the United States. In handing down the sentence, the court noted the large amount of meth found in Saavedra-Garcia’s vehicle and the fact that he had admitted to transporting narcotics previously. 

    On Dec. 17, 2024, Saavedra-Garcia arrived at the Sarita Border Patrol Checkpoint and claimed he had no illegal drugs in his vehicle. 

    However, at secondary inspection, a K-9 alerted to the odor of narcotics. A subsequent search revealed 112 bricks of methamphetamine hidden in compartments near the vehicle’s cargo bed. 

    The drugs weighed approximately 109 kilograms and had an estimated street value of nearly $7.7 million. 

    At the time of his plea, Saavedra-Garcia admitted he knew he was smuggling narcotics into the United States. 

    Saavedra-Garcia will remain in custody pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.

    Customs and Border Protection and Immigration and Customs Enforcement-Homeland Security Investigations conducted the investigation. Assistant U.S. Attorneys Theodore Parran and Avery Benitez prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Security: Illegal alien pleads guilty to leading smuggling organization involving transportation of over 100 persons

    Source: Office of United States Attorneys

    CORPUS CHRISTI, Texas – A 40-year-old Mexican national who illegally resided in Houston has admitted to an alien smuggling conspiracy and illegal reentry into the country, announced U.S. Attorney Nicholas J. Ganjei.

    The investigation revealed Edgar Ruiz-Briones arranged transportation and coordinating trips for illegal aliens coming over the southern border with Mexico. Ruiz-Briones was the leader of the smuggling organization, recruiting drivers from as far away as Kansas to come to the Rio Grande Valley.

    Drivers would communicate directly with Ruiz-Briones to set up the trips, give updates on progress and set meeting spots for drop-offs in Houston after successful smuggling operations. They would pick up illegal aliens from different stash houses and transport them to Houston, where they met with Ruiz-Briones before going further into the United States. 

    Ruiz-Briones handled payments from the aliens to come into the United States and payments to the drivers he recruited. 

    Over the course of the 18-month conspiracy, Ruiz-Briones arranged for over 100 aliens to enter, remain and be transported further into the United States.

    An illegal alien himself, having been removed from the United States on multiple occasions, he also pleaded guilty to illegally reentering the United States from Mexico and remaining here in violation of the law.

    U.S. District Judge Nelva Gonzales Ramos will impose sentencing Oct. 30. At that time. Ruiz-Briones faces up to 10 years in federal prison for the alien smuggling conspiracy and 20 years for illegally re-entering the United States.

    Ruiz-Briones has been and will remain in custody pending sentencing.

    Immigration and Customs Enforcement – Homeland Security Investigations conducted the investigation with the assistance of Border Patrol.

    Assistant U.S. Attorney Joseph Griffith is prosecuting the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces and Project Safe Neighborhood.

    MIL Security OSI –

  • MIL-OSI Security: DRUG TRAFFICKER SENTENCED TO 120 MONTHS’ IMPRISONMENT FOR ROLE IN DRUG TRAFFICKING GANG

    Source: Office of United States Attorneys

    St. Thomas, VI – Acting United States Attorney Adam F. Sleeper announced today that on
    Tuesday, July 22, 2025, Kai James, 37, of St. Croix, was sentenced to 10 years in prison and six years
    of supervised release by District Judge Mark A. Kearney. He pleaded guilty on January 23, 2025, to
    conspiracy to possess with intent to distribute cocaine and marijuana for his role in a drug trafficking
    conspiracy led by James and his brother, Ivan James. Other members in the James gang, Ivan James,
    Joh Williams, Malachi Benjamin, Ariel Petersen, Jahkiebo Joseph, Tillisa Ceaser, and Luis Ortiz, Jr.,
    all of St. Croix, were previously sentenced by Judge Kearney for their roles in the drug trafficking
    conspiracy.
    According to court documents and evidence introduced at the trial of Ivan James and Joh
    Williams and other hearings, the investigation into the James drug trafficking organization began in
    January 2013 after Bureau of Corrections officers at the Golden Grove Correctional Facility seized
    an iPhone from then-inmate Joh Williams. A search of the cell phone seized from Williams revealed
    text messages related to smuggling and distribution of controlled substances in the prison. Thereafter,
    Drug Enforcement Administration obtained authorization to intercept calls from a second cell phone
    used by Williams while incarcerated. The wire investigation revealed evidence of distribution of
    controlled substances within the facility by Williams, supplied by Ivan James. The investigation
    further revealed that Vivian Ford, a former corrections officer, was a member of James’ organization
    who smuggled narcotics into Golden Grove in food containers for distribution by Williams.
    Members of the gang who worked at the Henry Rohlsen Airport in St. Croix used their
    secured access to smuggle multiple kilograms of cocaine per week onboard commercial aircrafts
    destined for the continental United States. Testimony revealed that Ivan and Kai James recruited
    couriers to deliver bricks of cocaine as passengers on board commercial flights. As a
    manager/supervisor in the drug trafficking gang, Kai James used as many as 10 couriers to travel to
    New York, North Carolina, and Florida with 2 to 3 kilograms of cocaine per trip in this broad and
    brazen drug trafficking operation.
    In addition, a search warrant was executed on the family home of Ivan and Kai James. Law
    enforcement recovered marijuana, cocaine, and marijuana cultivation equipment. In a field adjacent
    to the property, agents seized over 1,000 marijuana plants.
    A federal jury found Ivan James guilty on drug conspiracy, possession of 1,000 marijuana
    plants, possession of firearms in furtherance of a drug conspiracy and possession of firearms resulting
    in the death of Levar Pogson. On his conviction, Judge Kearney sentenced James to 420 months of
    imprisonment, followed by five years of supervised release. Joh Williams was also found guilty on
    the drug conspiracy charge and was sentenced to 90 months of imprisonment, followed by seven
    years of supervised release. Ariel Petersen and Jahkiebo Joseph pleaded guilty to possession of
    firearms in furtherance of a drug conspiracy and importation of firearms. Petersen was sentenced to
    93 months of imprisonment, followed by three years of supervised release, and Joseph was sentenced
    to 68 months of imprisonment, followed by three years of supervised release. Malachi Benjamin
    pleaded guilty to possession of a firearm in furtherance of a drug conspiracy and was sentenced to 72
    months of imprisonment, followed by three years of supervised release. Tillisa Ceaser and Luis Ortiz,
    Jr. both pleaded guilty to drug conspiracy. Ceaser was sentenced to 62 months of imprisonment, and
    Ortiz was sentenced to 60 months of imprisonment.
    “Due to the tremendous work of the Drug Enforcement Administration, Homeland Security
    Investigations, Customs and Border Patrol, the Virgin Islands Police Department and the Bureau of
    Corrections, the members of this drug trafficking organization have received just and lengthy
    sentences for their involvement in these crimes,” said Acting United States Attorney Adam Sleeper.
    “This sentence sends a clear message, and it is credited to the extensive collaboration between
    federal and local law enforcement partners. Our joint efforts are essential in the U.S. Virgin Islands
    towards combatting drug trafficking, weapons trafficking, and the myriads of other illicit activities of
    transnational criminal organizations in our area of responsibility,” said Homeland Security
    Investigations Special Agent in Charge Rebecca Gonzalez-Ramos.
    “The guilty plea of Kai James represents a decisive blow against the violent narcotics
    conspiracy that plagued the people of St. Croix for far too long,” stated DEA Caribbean Division
    Special Agent in Charge Michael A. Miranda. “This case underscores the unwavering commitment
    of the DEA and our law enforcement partners to dismantle criminal organizations that threaten the
    safety and well-being of our communities. We are proud to have worked alongside the USAO, HSI,
    FBI, CBP, and ATF to bring justice to those impacted by these crimes. Let this serve as a clear
    message: we will not relent in our fight to protect the Caribbean from the scourge of drug trafficking
    and violence.”
    This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF)
    investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money
    launderers, gangs, and transnational criminal organizations that threaten the United States by using a
    prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal,
    state, and local law enforcement agencies against criminal networks.
    This case was investigated by the Drug Enforcement Administration, Homeland Security
    Investigations, Customs and Border Patrol, Virgin Islands Police Department and the Bureau of
    Corrections. It was prosecuted by former United States Attorney Delia Smith, Acting Assistant United
    States Attorney Adam Sleeper, and lead OCDETF attorney Kyle Payne.

    MIL Security OSI –

  • MIL-OSI Security: Puerto Rican Man Sentenced to 137 Months in Prison for Cocaine Smuggling

    Source: Office of United States Attorneys

    ST. THOMAS – Acting U.S. Attorney Adan F. Sleeper announced today that Brian Santiago
    Gonzalez, 25, of Puerto Rico, was sentenced on July 1, 2025, by Chief District Judge Robert A.
    Molloy to 137 months’ imprisonment and 4 years of supervised release after pleading guilty to
    one count of possession with intent to distribute cocaine on December 9, 2024.
     

    According to court documents, on March 29, 2022, Brian Santiago Gonzalez and co-defendant
    Wesly Albert Amaro were stopped in the waters near Savanah Island, just west of St. Thomas,
    USVI. At approximately 4:00 a.m., the United States Coast Guard (USCG) detected a vessel
    operating without navigation lights traveling at a high rate of speed from Culebra, PR towards
    Hendrick Bay, St. Thomas. Customs and Boarder Protection Air and Marine (AMO) vessels
    responded as the USCG provided updates on the vessel’s location. AMO agents located the lightsout
    vessel using radar and attempted a stop. The vessel fled while the two men onboard jettisoned
    bags overboard. The vessel would not heave to, so AMO agents disabled the vessel’s engine.
    During the chase, AMO agents marked the locations where duffle bags were discarded from the
    vessel. Upon returning to the marked areas, AMO agents recovered three duffel bags containing
    79 kilograms of cocaine.
     

    Wesly Albert Amaro was sentenced to 108 months’ imprisonment and 3 years of supervised
    release on August 18, 202, following his guilty plea.
    CBP-AMO, the Drug Enforcement Administration, and Homeland Security Investigations
    investigated the case. Assistant United States Attorney Kyle Payne prosecuted the case.
     

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation.
    OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten
    the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional
    information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    MIL Security OSI –

  • MIL-OSI: Rapid7 Labs Security Researchers to Speak at Black Hat USA 2025 and DEF CON 33

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, July 23, 2025 (GLOBE NEWSWIRE) — Today, Rapid7, Inc. (NASDAQ: RPD), a leader in threat detection and exposure management, announced its dynamic speaker lineup from Rapid7 Labs for Black Hat USA 2025 and DEF CON 33, taking place in Las Vegas this August. Conference organizers selected these speakers’ abstracts from among hundreds of submissions to showcase their groundbreaking research on emerging threats and vulnerabilities, complete with live demos of attack techniques and tools.

    Rapid7 Labs stands at the forefront of cybersecurity innovation, providing teams with a community-driven approach to security with open-source tools and research-informed, curated intelligence so they can more effectively identify, assess, and mitigate threats. Earlier this year, Rapid introduced Intelligence Hub, which unifies global threat intelligence expertly curated by Rapid7 Labs researchers.

    Rapid7 Labs Session Lineup

    The knowledge Rapid7 Labs speakers will share at this year’s Black Hat and DEF CON represents the company’s 25 years of security program expertise, enabling session attendees to proactively address today’s most pressing cybersecurity challenges.

    Metasploit’s Latest Attack Capability and Workflow Improvements
    Date & Time: Wednesday, August 6 | 11:00 AM – 11:55 AM PDT
    Location: Business Hall, Arsenal Station 6
    Conference: Black Hat 2025
    Track: Exploitation and Ethical Hacking
    Presented by Rapid7’s Spencer McIntyre, Senior Security Research Manager, and Jack Heysel, Senior Security Researcher, this Arsenal session showcases Metasploit’s latest capabilities, including SMB-to-LDAP and SMB-to-HTTP relaying, expanded support for Active Directory Certificate Services (AD CS) attacks, and new process injection techniques like “PoolParty.” Attendees will see demonstrations of how to detect and exploit ESC vulnerabilities, retrieve privileged credentials, and execute lateral movements in complex domain environments.

    Akheron Proxy — Interchip Communication Serial Proxy
    Date & Time: Wednesday, August 6 | 11:00 AM – 11:55 AM PDT
    Location: Business Hall, Arsenal Station 9
    Conference: Black Hat 2025
    Track: Hardware/Embedded
    In this Black Hat Arsenal Session, Deral Heiland, Principal Security Researcher (IoT) at Rapid7, and Matthew Kienow, Vulnerability Researcher at runZero, will discuss security testing methods via Akheron proxy, a serial communication proxy application tool designed to connect and proxy serial communication between microprocessors on a hardware circuit board. In this live demonstration, Heiland and Kienow will walk through how Akheron proxy allows embedded device testers to capture, decode, replay, and fuzz serial communications flowing between microprocessors on an embedded device circuit board in real time.

    Weaponization of Cellular-Based IoT Technology — Leveraging Smart Devices to Gain a Foothold
    Date & Time: Thursday, August 7 | 3:20 PM – 4:00 PM PDT
    Location: Oceanside C, Level 2
    Conference: Black Hat 2025
    Tracks: Hardware/Embedded, Network Security
    In this 40-minute briefing, Rapid7’s Deral Heiland, Principal Security Researcher (IoT), and Carlota Bindner, Lead Product Security Researcher at Thermo Fisher Scientific, will provide an analysis of how adversaries exploit IoT devices with built-in cellular technology. The session will include live demonstrations as well as discussions on mitigation techniques for manufacturers to address the risks and impacts associated with the demonstrated attacks.

    DisguiseDelimit: Exploiting Synology NAS with Delimiters and Novel Tricks
    Date & Time: Friday, August 8 | 2:00 PM PDT
    Location: Las Vegas Convention Center, Level 1
    Conference: DEF CON 33
    Ryan Emmons, Security Researcher at Rapid7, will present his findings on a critical vulnerability in Synology NAS devices, revealing how unauthenticated attackers could achieve root-level remote code execution on millions of devices. The presentation will also feature a novel Linux exploitation technique that earned recognition and awards in Pwn2Own 2024.

    “Between Black Hat and DEF CON, we are thrilled to have four extremely talented security researchers presenting this year,” said Raj Samani, chief scientist at Rapid7. “But even beyond that, these two annual conferences are an important time for the Rapid7 Labs team to connect with the community, exchange actionable insights, and address shared challenges together. These face-to-face interactions are critical for fostering the collaboration we all need to enable more secure customers and a safer society.”

    Rapid7 at Black Hat USA and DEF CON

    Black Hat USA 2025 will take place from August 2 to August 7, featuring cutting-edge research and expert-led discussions. DEF CON 33, running from August 7 to August 10, continues its legacy of fostering hands-on technical exploration and community collaboration in information security.

    Attendees at Black Hat and DEF CON are invited to join sessions featuring Rapid7 speakers to gain exclusive insights into the latest threats. For other ways to interact with Rapid7 August 6-7 in Las Vegas, visit the Rapid7 Black Hat 2025 information page.

    About Rapid7
    Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

    Rapid7 Media Relations
    Stacey Holleran
    Sr. Manager, Global Communications
    press@rapid7.com
    (857) 216-7804

    Rapid7 Investor Contact
    Elizabeth Chwalk
    Vice President, Investor Relations
    investors@rapid7.com
    (617) 865-4277

    The MIL Network –

  • MIL-OSI: Usio to Host Second Quarter 2025 Conference Call to Discuss Results and Provide Company Update on August 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    SAN ANTONIO, July 23, 2025 (GLOBE NEWSWIRE) — Usio, Inc. (Nasdaq:USIO), a leading provider of integrated, cloud-based electronic payment and embedded financial solutions, today announced it will release second quarter 2025 financial results for the period ended June 30, 2025, after the market closes on Wednesday, August 6, 2025.

    Usio’s management will host a conference call the same day, August 6, 2025, beginning at 4:30 p.m. Eastern time to review financial results and provide a business update. Following management’s formal remarks, there will be a question-and-answer session.

    To listen to the conference call, interested parties within the U.S. should call 1-888-999-6281. International callers should call 1-848-280-6550. All callers should ask for the Usio conference call. The conference call will also be available through a live webcast, which can be accessed via the company’s website at usio.com/events/.

    A replay of the call will be available approximately one hour after the end of the call through August 20, 2025. The replay can be accessed via the Company’s website or by dialing 1-877-344-7529 (U.S.), 1-855-669-9658 (Canada) or 1-412-317-0088 (all other international). The replay conference playback code is: 9584705.

    About Usio, Inc.
    Usio, Inc. (Nasdaq: USIO), a leading, cloud-based, integrated FinTech electronic payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, integrated software vendors and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services clients through its unique payment facilitation platform as a service. The company, through its Usio Output Solutions division, offers services relating to electronic bill presentment, document composition, document decomposition and printing and mailing services. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the card issuing sector. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas.

    Websites: www.usio.com and www.akimbocard.com. 
    Find us on LinkedIn, Facebook® and Twitter.

    FORWARD-LOOKING STATEMENTS DISCLAIMER

    Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management’s intent, belief, and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as “believe,” “intend,” “look forward,” “anticipate,” “schedule,” and “expect” among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company’s business that could cause actual results to vary, including such risks related to an economic downturn as a result of the COVID-19 pandemic, the realization of opportunities from the IMS acquisition, the management of the Company’s growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of the stock price, the need to obtain additional financing, risks associated with new tax legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2024. One or more of these factors have affected, and in the future, could affect the Company’s businesses and financial results in the future and could cause actual results to differ materially from plans and projections. The Company believes that the assumptions underlying the forward-looking statements included in this 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 us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements, except as required by law.

    Contact
    Paul Manley
    Senior Vice President, Investor Relations
    paul.manley@usio.com
    612-834-1804

    The MIL Network –

  • MIL-OSI Submissions: Binary star systems are complex astronomical objects − a new AI approach could pin down their properties quickly

    Source: The Conversation – USA – By Andrej Prša, Professor of Astrophysics and Planetary Science, Villanova University

    In a binary star system, two stars orbit around each other. ESO/L. Calçada, CC BY

    Stars are the fundamental building blocks of our universe. Most stars host planets, like our Sun hosts our solar system, and if you look more broadly, groups of stars make up huge structures such as clusters and galaxies. So before astrophysicists can attempt to understand these large-scale structures, we first need to understand basic properties of stars, such as their mass, radius and temperature.

    But measuring these basic properties has proved exceedingly difficult. This is because stars are quite literally at astronomical distances. If our Sun were a basketball on the East Coast of the U.S., then the closest star, Proxima, would be an orange in Hawaii. Even the world’s largest telescopes cannot resolve an orange in Hawaii. Measuring radii and masses of stars appears to be out of scientists’ reach.

    Enter binary stars. Binaries are systems of two stars revolving around a mutual center of mass. Their motion is governed by Kepler’s harmonic law, which connects three important quantities: the sizes of each orbit, the time it takes for them to orbit, called the orbital period, and the total mass of the system.

    I’m an astronomer, and my research team has been working on advancing our theoretical understanding and modeling approaches to binary stars and multiple stellar systems. For the past two decades we’ve also been pioneering the use of artificial intelligence in interpreting observations of these cornerstone celestial objects.

    Measuring stellar masses

    Astronomers can measure orbital size and period of a binary system easily enough from observations, so with those two pieces they can calculate the total mass of the system. Kepler’s harmonic law acts as a scale to weigh celestial bodies.

    Binary stars orbit around each other, and in eclipsing binary stars, one passes in front of the other, relative to the telescope lens.
    Merikanto/Wikimedia Commons, CC BY-SA

    Think of a playground seesaw. If the two kids weigh about the same, they’ll have to sit at about the same distance from the midpoint. If, however, one child is bigger, he or she will have to sit closer, and the smaller kid farther from the midpoint.

    It’s the same with stars: The more massive the star in a binary pair, the closer to the center it is and the slower it revolves about the center. When astronomers measure the speeds at which the stars move, they can also tell how large the stars’ orbits are, and as a result, what they must weigh.

    Measuring stellar radii

    Kepler’s harmonic law, unfortunately, tells astronomers nothing about the radii of stars. For those, astronomers rely on another serendipitous feature of Mother Nature.

    Binary star orbits are oriented randomly. Sometimes, it happens that a telescope’s line of sight aligns with the plane a binary star system orbits on. This fortuitous alignment means the stars eclipse one another as they revolve about the center. The shapes of these eclipses allow astronomers to find out the stars’ radii using straightforward geometry. These systems are called eclipsing binary stars.

    By taking measurements from an eclipsing binary star system, astronomers can measure the radii of the stars.

    More than half of all Sun-like stars are found in binaries, and eclipsing binaries account for about 1% to 2% of all stars. That may sound low, but the universe is vast, so there are lots and lots of eclipsing systems out there – hundreds of millions in our galaxy alone.

    By observing eclipsing binaries, astronomers can measure not only the masses and radii of stars but also how hot and how bright they are.

    Complex problems require complex computing

    Even with eclipsing binaries, measuring the properties of stars is no easy task. Stars are deformed as they rotate and pull on each other in a binary system. They interact, they irradiate one another, they can have spots and magnetic fields, and they can be tilted this way or that.

    To study them, astronomers use complex models that have many knobs and switches. As an input, the models take parameters – for example, a star’s shape and size, its orbital properties, or how much light it emits – to predict how an observer would see such an eclipsing binary system.

    Computer models take time. Computing model predictions typically takes a few minutes. To be sure that we can trust them, we need to try lots of parameter combinations – typically tens of millions.

    This many combinations requires hundreds of millions of minutes of compute time, just to determine basic properties of stars. That amounts to over 200 years of computer time.

    Computers linked in a cluster can compute faster, but even using a computer cluster, it takes three or more weeks to “solve,” or determine all the parameters for, a single binary. This challenge explains why there are only about 300 stars for which astronomers have accurate measurements of their fundamental parameters.

    The models used to solve these systems have already been heavily optimized and can’t go much faster than they already do. So, researchers need an entirely new approach to reducing computing time.

    Using deep learning

    One solution my research team has explored involves deep-learning neural networks. The basic idea is simple: We wanted to replace a computationally expensive physical model with a much faster AI-based model.

    First, we computed a huge database of predictions about a hypothetical binary star – using the features that astronomers can readily observe – where we varied the hypothetical binary star’s properties. We are talking hundreds of millions of parameter combinations. Then, we compared these results to the actual observations to see which ones best match up. AI and neural networks are ideally suited for this task.

    In a nutshell, neural networks are mappings. They map a certain known input to a given output. In our case, they map the properties of eclipsing binaries to the expected predictions. Neural networks emulate the model of a binary but without having to account for all the complexity of the physical model.

    Neural networks detect patterns and use their training to predict an output, based on an input.

    We train the neural network by showing it each prediction from our database, along with the set of properties used to generate it. Once fully trained, the neural network will be able to accurately predict what astronomers should observe from the given properties of a binary system.

    Compared to a few minutes of runtime for the physical model, a neural network uses artificial intelligence to get the same result within a tiny fraction of a second.

    Reaping the benefits

    A tiny fraction of a second works out to about a millionfold runtime reduction. This brings the time down from weeks on a supercomputer to mere minutes on a single laptop. It also means that we can analyze hundreds of thousands of binary systems in a couple of weeks on a computer cluster.

    This reduction means we can obtain fundamental properties – stellar masses, radii, temperatures and luminosities – for every eclipsing binary star ever observed within a month or two. The big challenge remaining is to show that AI results really give the same results as the physical model.

    This task is the crux of my team’s new paper. In it we’ve shown that, indeed, the AI-driven model yields the same results as the physical model across over 99% of parameter combinations. This result means the AI’s performance is robust. Our next step? Deploy the AI on all observed eclipsing binaries.

    Best of all? While we applied this methodology to binaries, the basic principle applies to any complex physical model out there. Similar AI models are already speeding up many real-world applications, from weather forecasting to stock market analysis.

    Andrej Prša receives funding from the National Aeronautics and Space Administration.

    – ref. Binary star systems are complex astronomical objects − a new AI approach could pin down their properties quickly – https://theconversation.com/binary-star-systems-are-complex-astronomical-objects-a-new-ai-approach-could-pin-down-their-properties-quickly-253387

    MIL OSI –

  • MIL-OSI USA: Pfluger, Colleagues Reintroduce Legislation to Protect American Assets From Unlawful Seizure by Foreign Governments

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    WASHINGTON, DC — As first reported in The Blaze, Congressman August Pfluger (TX-11) and Congresswoman Terri Sewell (AL-07) reintroduced critical bipartisan, bicameral legislation to protect American companies operating abroad. The Defending American Property Abroad Act would impose retaliatory prohibitions to deter and punish any nation in the Western Hemisphere that unlawfully seizes American assets.

    The need for this legislation has been exemplified by the Mexican government’s ongoing efforts to seize a deep-water port owned by U.S.-based Vulcan Materials Company, which is in direct violation of the United States-Mexico-Canada Agreement (USMCA) governing trade between our two nations. This violation poses a direct threat to American economic interests.

    Senator Bill Hagerty (R-TN) and Senator Tim Kaine (D-VA) introduced companion legislation in the Senate.

    “American companies operating abroad should not have to fear arbitrary government actions that undermine their property rights,” said Rep. Pfluger. “The Defending American Property Abroad Act will ensure that such actions do not go unchecked and that American businesses are protected from unjust expropriation. The protection of American property rights abroad is essential for fostering economic growth and maintaining our national security. I urge my colleagues in Congress to support this critical legislation and send a clear message that the United States will not tolerate unjust actions against American companies.”

    “U.S.-based companies with operations overseas should be able to conduct business without the fear of any government asserting any wrongful actions against employees or property,” said Congresswoman Sewell. “The Defending Americans Abroad Act will ensure that the United States has the ability to thwart any threats to both national security and economic endeavors.”

    “I strongly condemn the Mexican government’s threats against Vulcan Materials Company, and I am pleased to see this bipartisan and bicameral rebuke from the United States Senate,” said Senator Hagerty. “Under the leadership of Mexico’s previous president, Andrés Manuel López Obrador, and now the current president, Claudia Sheinbaum, the Mexican government is committing a blatant theft against a major American company and, by extension, the United States itself. No nation should be allowed to bully an American firm without consequences. Our legislation will counter any attempt by the Mexican government to profit from illegal moves to expropriate, nationalize, or otherwise seize U.S. assets.”

    “The Mexican government’s unfair targeting of Vulcan Materials Company, a U.S.-based company that employs over 1,000 people in Virginia, is harmful to the relationship between our two countries and severely undermines investor confidence,” said Senator Kaine. “That’s why I’m joining my colleagues in introducing this bipartisan legislation to deter the illegal seizure of U.S. assets.”

    Key provisions of the bill include:

    ·     Prohibiting trade partners in the Western Hemisphere from engaging in certain activities, such as docking vessels and importing goods, if they have expropriated or otherwise seized property owned by American entities.

    ·     Expanding Section 301 of the Trade Act of 1974 to treat property expropriation as an unreasonable trade practice

    ·     Empowering the President to implement and enforce prohibitions against offending countries

    ·     Mandating publication of prohibited property designations in the Federal Register

    The bill is co-sponsored in the House by Representatives David Rouzer (NC-07), Aaron Bean (FL-04), Dale Strong (AL-05), Julia Brownley (CA-26), Mike Collins (GA-10), Vicente Gonzalez (TX-34), John Carter (TX-31), Addison McDowell (NC-06), Salud Carbajal (CA-24), Buddy Carter (GA-01), Barry Moore (AL-01), Gary Palmer (AL-06), Robert Aderholt (AL-04), Chuck Edwards (NC-11), Craig Goldman (TX-12), Jimmy Panetta (CA-19), John McGuire (VA-05), Tim Moore (NC-14), Tim Burchett (TN-02), Morgan Luttrell (TX-08), Maria Salazar (FL-27), Thomas Kean (NJ-07), John Rutherford (FL-05), Ben Cline (VA-06), Beth Van Duyne (TX-24), Shomari Figures (AL-02), and Greg Steube (FL-17).

    The bill is co-sponsored in the Senate by Senators Katie Britt (R-AL), Tommy Tuberville (R-AL), Roger Wicker (R-MS), Ted Budd (R-NC), Marsha Blackburn (R-TN), and Angela Alsobrooks (D-MD).

    Read the full text of the legislation here.

    Background:

    In May 2022, then-Mexican President Andrés Manuel López Obrador (AMLO) abruptly shut down Vulcan Materials Company’s operations with false claims that the firm was violating its contract, and his government subsequently waged an unceasing pressure campaign against Vulcan, including multiple lawsuits and sending military and law enforcement to its facilities.

    In December 2023, Rep. Pfluger led a bipartisan letter to the Mexican Ambassador demanding answers about Mexico’s actions against the American company.

    Earlier this year, Rep. Pfluger also led a letter commending President Trump’s commitment to this issue by protecting American industries and jobs, which was first reported in The Blaze.

    MIL OSI USA News –

  • MIL-OSI USA: Pfluger Participates in Energy Subcommittee Hearing on Pipeline Safety

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    Pfluger Participates in Energy Subcommittee Hearing on Pipeline Safety

    Washington, July 22, 2025

    WASHINGTON, DC — Congressman August Pfluger (TX-11), a member of the U.S. House Energy and Commerce Committee, participated in an Energy Subcommittee Hearing titled “Strengthening American Energy: A Review of Pipeline Safety Policy.”

    During the hearing, Rep. Pfluger emphasized the critical need for natural gas pipelines and their purpose for powering homes across the country. Rep. Pfluger pointed out that as energy demand rises, natural gas will continue to be the backbone of a reliable energy grid.

    Rep. Pfluger then questioned witnesses on how Congress can address burdensome federal oversight of natural gas pipelines while not compromising safety.

    Watch his full line of questioning HERE or by clicking the image below.

    Read highlights from the interaction below:

    Rep. Pfluger: “Mrs. Miller, I’ll stick with you. And I’ll start with the gas gathering rule. As you’re aware, this significantly expanded PHMSA’s jurisdiction, bringing more than 400,000 additional miles of gathering lines under federal oversight, and they’re located in districts like mine in the Permian Basin, where there’s a heavy presence of production that is very important. And the scope and implementation of this rule could have major implications for how the gathering systems are built and operated going forward. So, we want to get this right. We want to be reasonable, and safety is important. It is a major concern, and there are other concerns as well. But from your perspective, what implementation challenges are operators currently facing on the ground, and how can PHMSA better distinguish between high-risk and then lower-risk areas?”

    Mrs. Miller: “I appreciate that question very much. Yes, we do very much value the opportunity to have a risk-based assessment of safety concerns there. For example, a pipeline may have two different pipelines may have similar diameters or similar pressure, and there are other circumstances to consider in order to make sure that we’re assessing what the risk is. Appropriately, including, for example, proximity to populations, length of pipeline. One of the things I also wanted to make sure that this subcommittee is familiar with is the differences that exist between gathering pipelines and transmission pipelines, not only physically, but commercially. So, it’s important to remember that the interstate pipelines are subject to regulated rates with uniform tariffs. Versus gathering pipelines are subject to market-based negotiated compensation and negotiated commercial terms. So very different application.”

    Rep. Pfluger: “In your view, is there any realistic path to a reliable grid without natural gas playing a role as the backbone?”

    Mr. Moriarty: “Yes, I would agree with that natural gas pipelines are the safest way to move the energy that this nation needs, and there’s ever more demand for energy across our service territories, which is in United States, and to meet those demands, we need to construct and safely operate pipelines as well as LNG storage facilities.”

    MIL OSI USA News –

  • MIL-OSI Analysis: Understanding how Taylor Swift constructs her songs helps explain her phenomenal popularity

    Source: The Conversation – Canada – By Alexander Carpenter, Professor, Musicology, University of Alberta

    In 2023, Forbes published an article about Taylor Swift that included the following mind-boggling statistic: 55 per cent of adults in the United States identify themselves as Swift fans.

    In the wake of her recent epic world tour — which drew 10 million attendees and earned billions of dollars — Swift has clearly emerged as a modern singer-songwriter whose success and renown has no equal.

    The same article reports that 73 per cent of those surveyed insisted that “Swift’s music is a driving force of their support of her.” But the abundant discourse surrounding Taylor Swift in the popular press, academia and online seems to be about everything but her songs.

    In place of critical engagement with her musical work, Swift is credited for creating her own economic ecosystem wherever she goes, lauded for being a shrewd and powerful businessperson, described as an empowered and empowering feminist icon or branded a quintessential entertainer.

    At this moment, Swift resides at the very apex of modern celebrity culture. Ironically, this makes it especially tricky to engage with Swift as a musician, which is the very basis of her fame.

    As a musicologist, music critic and musician who studies and teaches popular music, there are ways to examine the musical meaning of pop songs. These approaches provide useful insights; after all, wasn’t it the music that drew audiences to Swift in the first place?

    Studying Swift

    Swift is increasingly taken seriously in the halls of academia. A number of universities offer courses dedicated to Swift, but typically not to her music as such: rather, many of these courses take a literary approach to her songs or a broadly sociological approach to her as a pop culture phenomenon, or they foreground her business model.

    In his book There’s Nothing Like This, Kevin Evers, senior editor of the Harvard Business Review, regards Swift as a “strategic genius.” He examines how she identifies and exploits untapped markets, making creative and marketing pivots at key moments while protecting her image as a self-made, authentic singer-songwriter.

    Evers focuses on non-musical elements when discussing Swift’s songs. He claims that Swift’s fans interpret her lyrics in a manner akin to the literary analysis of complex poems. Swift’s songs intrigue fans, Evers insists, primarily because they offer insight into her personal life, romantic travails and struggles with fame.

    Of course, words are an important element of pop songs, and for many fans, the words of a song constitute its “about-ness.” But a pop song is a sonic object, not simply a delivery system for words.

    Lyrical discourse analysis

    Song lyrics are not poems, although they may be “like poetry,” as musicologist Dai Griffiths has argued. He points out that when we insist on thinking of lyrics as poetry, we lose a systematic understanding of how words function in songs. The placement and sound of words, and how they relate to the music, are key elements of a song’s musical structure and sense.

    It is this discussion of the musical sense and meaning of Swift’s songs that is largely neglected.

    The academic study of classical music offers a wealth of analytic methodologies; there are ways to examine the musical meaning of pop songs that do not over-analyze the song. These include looking at elements like form, orchestration, melody, harmony and rhythm.

    A song creates space: its formal layout and the rhythm of musical phrases provide the space for words — what Griffiths calls the “verbal space” — which have their own rhythms and structures and work within but also push against the boundaries of this space.

    Form and space

    Consider Swift’s chart-topping 2014 single, “Shake it Off,” re-released as “Shake it Off (Taylor’s Version)” in 2023. This song, while popular, was criticized for its repetitiveness and lack of emotional depth.

    “Shake it Off” doesn’t seem to have much lyrical content: the verses are short, rounded off with simple slant rhymes, and much of the created space seems to be filled with repetition: “I’m just gonna shake, shake, shake, shake, shake/Shake it off, shake it off.”

    Likewise, the song is built musically on some very basic and limited material, namely three chords, a short, unvaried drum loop and a spare bass line provided by a baritone saxophone.

    The lyric video to “Shake it Off (Taylor’s version).”

    The lyrics touch lightly on Swift’s response to fame and her critics, but it is their syllabic density that contributes to the song’s development and momentum. This gradually and sytematically increases over the first two verses and pre-chorus, until arriving at the chorus, where the space is filled almost completely.

    The density of the music also increases in the choruses, with a thicker bass part, added vocals and a brass fanfare.

    While “Shake it Off” is repetitive with little harmonic and melodic variety, it is also quite subtly counterbalanced with a variety of sounds, textures and densities. These move the song forward and importantly, help mark off the song’s formal sections.

    These compositional and production details contribute to the song’s overall meaning. But how the words participate in the unfolding of the song-as-music, or the creation and shaping of the musical space, is also meaningful. The thrust of the lyrics emphasize Swift’s detachment from gossip and criticism: “I never miss a beat/I’m lightnin’ on my feet” and “But I keep cruisin’/Can’t stop, won’t stop groovin’”.

    These lyrics are reinforced by the propulsive musical momentum of the song created by the gradual thickening of the text and music. Even with this thickening, the song still remains quite light, emphasizing the lyrical claims of detachment and distance from negativity.

    The chorus, by contrast, with its deeply resonant bass, layers of background vocals and added brass, is musically the heaviest part of the song, underwriting Swift’s assertive claim that she will “shake off” the lies and gossip that plague her as a celebrity pop star.

    Understanding Swift’s success

    Collecting some musical information about Swift’s songs is not an abstract or intellectual activity; rather, it is essential information if we want to better understand Swift and her success in terms of her song writing.

    I’m not making an argument here for or against Swift’s music; I’m neither a “Swiftie” nor a detractor. Nor have I offered anything like a comprehensive or definitive analysis of a song in this short article.

    But I do think we should be curious and better understand Swift’s success, especially the popularity of her music across generations and demographics. How her songs are actually put together — how they work as music, in tandem with words, to tell stories — is an essential part of that understanding.

    Alexander Carpenter does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Understanding how Taylor Swift constructs her songs helps explain her phenomenal popularity – https://theconversation.com/understanding-how-taylor-swift-constructs-her-songs-helps-explain-her-phenomenal-popularity-247855

    MIL OSI Analysis –

  • MIL-OSI Analysis: What Canada can learn from Australia on adequately protecting citizens at live events

    Source: The Conversation – Canada – By Sean Spence, Security Risk Management Pracitioner & Researcher, Royal Military College of Canada

    In April 2025, a man drove an SUV through a crowd of people attending a Filipino cultural festival in Vancouver, killing 11 people and injuring dozens more. In response, the British Columbia government immediately commissioned an inquiry to examine the systemic causes of the incident and whether any lessons could be learned from the tragedy.



    Read more:
    Vancouver SUV attack exposes crowd management falldowns and casts a pall on Canada’s election

    The commission came up with six recommendations based on gaps in the current municipal application and approval system for public events across the province.

    One key recommendation was that all public events should be required to complete a risk assessment. This isn’t currently happening across the province. The absence of such analysis poses a risk for public safety.

    Another recommendation was the creation of local knowledge capacity to support event organizers, particularly for small and rural events, where the expertise to conduct a basic security risk assessment is lacking.

    Forseeable tragedy?

    As I argued in August 2022, the live events industry lacks the same level of professionalism as other occupations. Many of these small event organizers are amateurs who lack the resources to properly deal with the security risks involved in holding their events.



    Read more:
    Canada could have its own Fyre Festival fiasco if it doesn’t amp up event regulations

    These factors, combined with emerging security risks, meant that the tragedy at the Lapu Lapu festival could be considered a foreseeable event given the risk realities associated with modern mass gatherings.

    The inquiry report highlighted how B.C. is lagging behind other international jurisdictions in terms of legislative pro-activeness in securing public events. This policy deficiency is actually a Canada-wide problem; the country is woefully behind other western nations when it comes to securing public events.

    My doctoral thesis examined this very issue when I compared the regulation and application process to host public events in Canada and Australia’s largest cities.

    Australia vs. Canada

    Firstly, it’s important to note that Canada is a less safe country in terms of security than Australia, all things considered equal. Canada’s porous border with the United States means more illegal firearms are entering the country, resulting in more gun violence than in Australia, where there are more restrictive gun ownership laws.

    The Lapu Lapu attack was not investigated as an act of terrorism, but in a related concern, Canada’s intelligence-gathering and national security laws place it at a counter-terrorism disadvantage compared to Australia.

    Relatively speaking, research suggests Canada’s Charter of Rights and Freedoms hinders its security services from being able to detect and investigate terrorism-related offences given the greater importance placed on individual rights compared to Australia, where there is no such Charter equivalent.

    Australia also has pro-active foreign intelligence collection capabilities to aid in its counter-terrorism efforts, while Canada’s CSIS agency only has domestic capabilities. That essentially requires it to import intelligence from its allies.

    Given these facts, it would seem plausible that Canada would be at greater risk for security threats at public events — including terrorist attacks, active shooters, etc. — than Australia.

    When I compared the data between both countries in my research, it suggested Australia has more public event regulation than Canada.

    It was quantitatively shown that Australian officials require risk assessments and other proactive measures from event organizers, including for risk mitigation, while Canadian officials are mostly concerned with reactive security response plans — in other words, determining how organizers would respond to attacks after they occurred.

    An analysis of event application documents in both countries reveal that Australian municipalities disproportionately emphasize “risk management” in approving events compared to Canadian municipalities.

    Three ways the B.C. report falls short

    The B.C. report missed out on examining several important elements.

    Firstly, it did not take a holistic, deep dive into just how vulnerable public events are to myriad security threats — like active shooters, crowd crushing and terrorist attacks — but instead focused solely on the hostile vehicle threat.

    It also failed to consider the urgency of governments to adopt policy changes in the face of emerging threats on public spaces, like drone attacks.

    Secondly, the report made no mention of the need for law enforcement to develop stronger ties to share intelligence with event organizers as a proactive measure to protect mass gathering events from violence. The Hamas attacks at a music festival in Israel in October 2023 highlight the worst outcome of such failures.



    Read more:
    How Israel underestimated Hamas’s intelligence capabilities – an expert reviews the evidence

    Lastly, there was no call for action or recommendation for the federal government to play a greater role in providing guidance to the industry and lower levels of government.

    National security is a federal issue as well as the regulation of airspace for drones. In countries such as the United Kingdom, Australia and the United States, the national government provides guidance on protecting public spaces. There is no such policy leadership in Canada.

    The B.C. findings show Canadian authorities have a lot of work to do to make public events safer for Canadians. With the FIFA World Cup coming to Canada next year, Canadian governments still have time to implement corrective actions to ensure soccer fans stay safe.

    Sean Spence provides security consulting services within the hospitality industry.

    – ref. What Canada can learn from Australia on adequately protecting citizens at live events – https://theconversation.com/what-canada-can-learn-from-australia-on-adequately-protecting-citizens-at-live-events-261161

    MIL OSI Analysis –

  • MIL-OSI USA: Coal-fired power plants are well-stocked this year

    Source: US Energy Information Administration

    In-brief analysis

    July 23, 2025

    We expect U.S. coal-fired power plants will remain relatively well-stocked through the end of next year in our latest Short-Term Energy Outlook. We estimate power plants in the United States had 124 million short tons of coal on-site at the end of June for them to consume that coal at a rate of about 1.3 million short tons per day, meaning they had about 93 days’ worth of fuel on-site. This metric, also called days of burn, is calculated by dividing coal inventories held at power plants by a seasonal consumption rate. We forecast days of burn will range between about 90 and 120 days between now through the end of 2026, or about a month’s worth of coal more than power plants had on-site between 2019 and 2022.

    Although coal inventories held at U.S. power plants have fallen since early 2024, coal consumption in the U.S. electric power sector has also fallen since then, so the supply measure of days of burn remains relatively high. Reflecting this supply condition, coal shipments to power plants—many of which occur by rail—have declined in line with coal consumption in the U.S. electric power sector.

    We forecast the long-term decrease in U.S. coal consumption will temporarily reverse in 2025 primarily because of rising electricity demand and coal’s increased competitiveness in the electric power sector, which accounted for more than 90% of U.S. coal consumption in 2024. U.S. natural gas prices last year were at historic lows, and as natural gas prices increased in the first quarter of 2025, coal became more competitive: U.S. coal consumption in the first quarter of 2025 was 18% more than in the first quarter of 2024.

    In our short-term forecast, we expect coal’s share of U.S. electricity generation to increase from 16% in 2024 to 17% in 2025 and then decrease to 15% in 2026. Overall electricity generation is increasing to meet growing electricity demand, especially from the commercial and industrial sectors.

    Similarly, we forecast a 6% increase in U.S. coal consumption for 2025, followed by a 6% decrease in 2026 with planned coal power plant retirements and increasing renewable capacity coming online.

    Principal contributor: Jonathan Church

    MIL OSI USA News –

  • MIL-OSI Security: Chile Strengthens National Cancer Control, Views Expansion of Radiopharmaceutical Production

    Source: International Atomic Energy Agency – IAEA

    The imPACT team of 13 international experts reviewed cancer prevention, early detection, diagnosis, treatment and palliative care, as well as nuclear and radiation medicine safety. For the first time, the imPACT review also included radiopharmaceutical production.

    The assessment underlined Chile’s achievements in cancer control, including universal health coverage, the adoption of latest technologies and a highly trained health workforce sustained by strong academic institutions.

    At the same time, the team identified opportunities for improvement, such as strengthening governance and coordination mechanisms for cancer control, reducing waiting times, increasing access in underserved regions, and enhancing national cancer surveillance and information systems.

    Chile has a well-established national governance structure for cancer control, which includes the Child and Adolescent Cancer Plan 2023-2028 and the Adult Action Plan for the National Cancer Plan 2022-2027.  

    “Chile’s cancer control strategy is rooted in inclusive and participatory processes. The involvement of stakeholders from across ministries, academia and civil society is essential to address the most pressing challenges,” said Bernardo Martorell Guerra, Vice Minister of Healthcare Networks at MINSAL.

    The country is seeking to expand cancer control activities, including enhanced infectious disease control, addressing risk behaviours such as tobacco use and expanding access to radiation medicine.

    MIL Security OSI –

  • MIL-OSI: Global Blockchain Artificial Intelligence Market Size Estimated to Reach $4.33 Billion By 2034

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 23, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The global blockchain Artificial Intelligence (AI) market is rapidly evolving due to the influence of its secure and decentralized technology and advanced data processing capabilities provided by AI with blockchain. A recent report from Precedence Research said: “The market has a considerable expansion rate due to rising demand for efficient data handling, data transparency, and security. Key applications for the market are supply-chain management, healthcare domain, BFSI, fraud detection methods, etc. Major tech companies are investing heavily in the development and research to enhance the functionalities of blockchain AI technology and integrate AI algorithms into the blockchain.” It projected: “The global blockchain AI market size was calculated at USD 550.70 million in 2024 and is expected to reach around USD 4,338.66 million by 2034. The market is expanding at a solid CAGR of 22.93% over the forecast period 2024 to 2033. An increasing amount of data generation pervades almost every sector, which needs to be analyzed precisely with advanced technology like AI and blockchain to provide a secure ledger system. Based on a regional perspective, North America currently dominates the blockchain AI technology market, while Asia Pacific shows the highest growth rate owing to technological advancements and supportive regulatory backup. Despite the number of benefits, the blockchain AI market is challenged by some hurdles, like the need for a highly skilled workforce and limitations in scalability. However, as the technology grows and matures with time, these hurdles will be mitigated. Thus, the market presents a promising future and the potential to transform several industries.”   Active companies in the markets this week include: Intellistake Technologies Corp. (CSE: ISTK) (OTC: ISTKF), Strategy Incorporated (NASDAQ: MSTR), Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY), MARA Holdings, Inc. (NASDAQ: MARA), Riot Platforms, Inc. (NASDAQ: RIOT).

    Precedence Research continued: “The primary driver for the blockchain AI market is the highly secure and immutable ledger system offered by blockchain, which further provides decentralization data that aids in reliable transactions and reduces data privacy concerns. Blockchain AI systems can be deployable in major industries like automation, healthcare, electronics and services, banking, fiancé, etc., due to their data integrity to avoid financial loss and, thereby, the reputation of firms or institutes. When AI is combined with blockchain, which excels at analyzing and processing vast amount of data, it holds potential to create more efficient and secure system is substantial. Moreover, the integration of blockchain and AI can enhance the functionalities of smart contracts and decentralized applications to foster innovations and new business models, which again propels the blockchain AI market. Furthermore, AI can enhance security measures by detecting and mitigating fraudulent activities on blockchain networks, thus building greater trust among users. By combining AI’s data processing capabilities with blockchain’s transparency and security, this integration can drive the next wave of innovation in financial services, making them more accessible, efficient, and secure.”

    Intellistake Technologies Corp. (CSE: ISTK) (OTC: ISTKF) Appoints Mario Casiraghi, Leading AI Digital Asset Ecosystem CFO at SingularityNET Foundation and CEO of Established $90M USD AUM Digital Asset Firm Singularity Venture Hub, to Advisory Board to Bridge Traditional Finance and Digital Asset Markets – Intellistake Technologies Corp. (FSE: 3KZ) (“GFCO” or the “Company”) is pleased to announce the appointment of Mario Casiraghi to its Advisory Board. A globally recognized financial strategist with over a decade of experience bridging traditional capital markets and decentralized technology. Casiraghi will provide strategic guidance to support the Company’s operations as a technology company focused on decentralized artificial intelligence (“AI”) and digital currencies.

    Casiraghi brings exceptional expertise from both traditional finance and the digital asset ecosystem. As a former investment banker at Bank of America Merrill Lynch and ING Bank, he executed over $80 billion in structured transactions across Europe and the United States, including the landmark $46 billion AB InBev acquisition financing—the second-largest corporate debt offering in U.S. history. His traditional finance background includes 15+ major debt capital markets transactions and liability management exercises for Fortune 500 companies.

    Recognizing the transformative potential of blockchain technology, Casiraghi transitioned from traditional investment banking to become a pioneer in digital asset infrastructure. In 2020, he became Group CFO of SingularityNET Foundation and co-founded SingularityDAO Labs, where he led a $6 million USD Series A funding round and scaled the decentralized finance protocol to manage up to $200 million USD in total value locked.

    In his role as Group CFO, Casiraghi has scaled a multi-token digital ecosystem from $40 million USD to over $5 billion USD market cap, positioning him as one of the leading financial architects in decentralized AI infrastructure. He led the structuring of the Artificial Superintelligence Alliance (ASI)—a $6 billion USD token-based merger between three of the world’s largest decentralized AI networks, representing one of the most significant consolidations in blockchain and artificial intelligence history. As part of this ecosystem expansion, he participated in the $100 million USD acquisition of Cudos, the largest decentralized compute network in Web 3.0 by available computing power.

    “Mario’s unique combination of traditional finance background and deep understanding of digital asset ecosystems makes him a great addition to our Advisory Board,” said Jason Dussault, CEO of Intellistake Technologies Corp. “His experience executing billion-dollar transactions in both traditional and digital markets provides invaluable perspective as we build infrastructure bridging AI and blockchain technology.”

    Casiraghi is also Founder and CEO of Singularity Venture Hub, a venture and treasury advisory firm managing over $90 million USD in assets. The firm provides capital allocation strategy, risk governance, and regulatory structuring to fast-scaling AI and blockchain companies.

    “Mario’s expertise will strengthen Intellistake’s role of providing traditional investors with regulated access to the intersection of artificial intelligence and blockchain technology through familiar stock exchange mechanisms,” added Mr. Dussault.

    “Joining the advisory board at Intellistake is a natural progression in what has already been a strong and growing relationship” said Mario Casiraghi, CEO of Singularity Venture Hub. “I’ve had the privilege of working closely with their team and have been consistently impressed by their vision and execution. This next step allows us to converge even more deeply on the innovative work Intellistake is doing in decentralized finance and AI—two sectors I believe are shaping the future.” CONTINUED… Read this full press release and more news for Intellistake Technologies at:   https://www.financialnewsmedia.com/news-istk/

    Other recent developments in the blockchain/digital currency industry of note include:

    Strategy Incorporated (NASDAQ: MSTR), the largest corporate holder of Bitcoin and the world’s first Bitcoin Treasury Company, recently announced the general availability of Strategy Mosaic™, a groundbreaking AI-powered Universal Intelligence Layer designed to enable AI applications. As organizations modernize their data infrastructures, they often encounter challenges with siloed systems that lead to inconsistent metrics and governance gaps. This lack of clean, connected, and organized data is one of the greatest barriers to AI adoption. Strategy Mosaic addresses this issue by connecting disparate data sources across the enterprise, providing consistent and secure access to information that empowers both business users and AI applications.

    Sitting atop any database or data warehouse, Strategy Mosaic allows organizations to access diverse data sources. This unified layer supports AI, applications, and analytics use cases, enabling rapid development of data products without the need for custom data warehouses. Unlike traditional data catalogs and virtual data warehouses, Mosaic uses business definitions and user-friendly objects to represent data.

    Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) recently announced that it will report second quarter 2025 financial results before the opening of Nasdaq and the Toronto Stock Exchange on Tuesday August 5th, 2025. Michael Novogratz, CEO and Founder of Galaxy, and members of management will host a conference call to provide an update to investors and analysts on the Company’s activities and results on the same day at 8:30 AM Eastern Time.

    A live webcast will be available at https://investor.galaxy.com/. The conference call can also be accessed by investors and analysts in the United States or Canada by dialing 1-844-746-0741, or +1-412-317-5107(outside the U.S. and Canada) using the Conference ID: 2449863. A replay of the webcast will be available and can be accessed in the same manner as the live webcast on the Company’s Investor Relations website.

    MARA Holdings, Inc. (NASDAQ: MARA), a vertically integrated digital energy and infrastructure company that leverages high-intensity compute, such as bitcoin (“bitcoin” or “BTC”) mining, to monetize excess energy and optimize power management, recently published unaudited bitcoin production updates for April 2025.

    “In April, our production saw a 15% month-over-month decrease in blocks won, as global hashrate had its second largest monthly gain on record and mining difficulty grew 8% from March,” said Fred Thiel, MARA’s chairman and CEO. “Despite these headwinds, our energized hashrate grew 5.5% over the prior month. We completed a 50-megawatt (“MW”) expansion at our fully owned data center in Ohio, bringing total operational capacity to 100 MW, with the site designed to scale up to 200 MW. Additionally, we installed over 12,000 S21 Pro miners at the location.

    “Last month, we fully energized our 25 MW gas-to-power operations across wellheads in North Dakota and Texas. These sites currently provide us with our lowest cost per BTC mined while monetizing excess gas and mitigating methane emissions for the producers.

    Riot Platforms, Inc. (NASDAQ: RIOT) recently announced the hiring of Jonathan Gibbs as Chief Data Center Officer (“CDCO”) to lead the development of Riot’s data center platform. In this role, Jonathan will lead the strategic development and operations of this new platform, which will focus on building and operating state-of-the-art data centers specifically tailored to serve hyperscale and enterprise tenants.

    The creation of this new data center platform furthers Riot’s strategy to maximize the value of its assets by expanding into the development of non-bitcoin-related data centers, which diversifies the Company’s revenues, enhances Riot’s ability to generate long-term cash returns for investors and strengthens its capabilities to contract with the world’s leading technology companies. This additional platform will build on the success of Riot’s vertically-integrated strategy of utilizing bitcoin mining at scale to create significant value across its land and power portfolio and positions the Company to capitalize on the upsurge in demand for digital infrastructure driven by the growing need for cloud computing, AI and other compute-intensive applications.

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    The MIL Network –

  • MIL-OSI: Matador Technologies Inc. Secures USD $100 Million Financing Facility to Accelerate Bitcoin Treasury Growth

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights

    • Strategic Capitalization: Matador has executed a Purchase Agreement for a USD $100 million secured convertible note facility (the “Facility”) with ATW Partners, featuring an initial USD $10.5 million tranche.
    • Exclusive Use of Proceeds: Proceeds are earmarked for purchasing Bitcoin as part of Matador’s treasury allocation strategy, with the intention of increasing long-term Bitcoin-per-share (BPS).
    • Institutional Partnership: ATW Partners—an institutional investor known for structuring growth-stage financings—brings both capital and strategic depth to Matador’s Bitcoin ecosystem vision.

      Flexible, Equity-Aligned Structure: The secured convertible notes provide minimally dilutive, price-adaptive funding that converts at market-aligned prices.

    • Accelerates Treasury Plan: Supports Matador’s roadmap to acquire up to 1,000 BTC on or before 2026 and 6,000 BTC on or before 2027, targeting a top 20 global corporate holder position.

    TORONTO, July 23, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) (“Matador” or the “Company”), the Bitcoin Ecosystem Company, announces that it has entered into an arm’s-length agreement for a secured convertible note facility (the “Facility”) with ATW Partners (the “Investor”), signed on July 22, 2025 (the “Purchase Agreement“), pursuant to which the Company may issue convertible notes (“Notes“) in the aggregate principal amount of up to USD $100 million.

    The Facility provides a structured funding mechanism designed to support the Company’s stated objective of increasing its Bitcoin holdings. USD $10.5 million will be funded at the Initial Closing, while USD $89.5 million of additional capacity remains available subject to customary conditions, including execution of a registration-rights agreement and receipt of all required regulatory approvals. The Facility marks a significant financing step in the execution of the Company’s treasury strategy. The Facility will be used exclusively to purchase Bitcoin for Matador’s balance sheet, reinforcing its strategy to become a top 20 corporate holder globally.

    Deven Soni, CEO of Matador Technologies, commented:

    “This financing represents meaningful progress toward our long-term Bitcoin accumulation goals. It provides the Company with capital to increase our Bitcoin holdings in a way that minimizes immediate dilution and aligns with our broader capital strategy.”

    Mark Moss, Chief Visionary Officer of Matador Technologies, added:

    “Bitcoin remains central to our business model and balance sheet approach. This structure supports our objective of growing Bitcoin per share and reflects continued institutional interest in our strategy.”

    This funding supports Matador’s long-term BTC strategy, including:

    • Acquiring up to 1,000 BTC on or before 2026
    • Reaching 6,000 BTC on or before 2027
    • Long-term objective to hold 1% of Bitcoin’s supply and be a top 20 corporate holder globally

    The Notes will carry an interest rate of 8% per annum and the maturity date of the Notes will be approximately two years from the applicable closing date. The Notes will be senior secured, with the Initial Closing backed by 1.5x Bitcoin collateral, and future tranches secured by 1.0x Bitcoin collateral. The Notes will be convertible at the closing price immediately prior to the related news release. As it relates to the Initial Closing, the conversion price will be CAD$0.72.

    The Notes, and the common shares issuable upon conversion, will be issued outside of Canada pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada, and accordingly will not be subject to any statutory hold period under Canadian securities laws. A copy of the Purchase Agreement is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

    Joseph Gunnar & Co., LLC acted as placement agent for the transaction. For the Initial Closing, the placement agent will receive a placement fee of 5% in cash on the net proceeds received by the Company, a capital markets advisory fee of 2.5% in cash on the net proceeds, and 5% fee in warrants. For any subsequent closings, the placement agent will receive a 5% cash placement fee on the net proceeds received by the Company.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network
    Phone: 647-496-6282

    About Matador Technologies Inc.
    Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

    Matador has recently proposed to expand its global footprint by entering into an agreement to invest in HODL Systems, one of India’s first digital asset treasury companies, securing up to a 24% ownership stake. This investment strengthens Matador’s position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.

    With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.

    Visit us online at https://www.matador.network/.

    Cautionary Statement Regarding Forward-Looking 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.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements that are not historical facts are forward-looking statements, including, without limitation: (i) statements regarding the structure, terms, and anticipated benefits of the Facility; (ii) expectations relating to the timing and completion of the initial USD$10.5 million tranche and subsequent drawdowns, upon terms as presently proposed or at all; (iii) the use of proceeds from the Facility for purchasing Bitcoin; (iv) the Company’s ability to meet its Bitcoin accumulation targets, including 1,000 BTC on or before 2026, 6,000 BTC on or before 2027, and a long-term goal of holding 1% of Bitcoin’s total supply; and (v) the Company’s strategy to grow Bitcoin-per-share (BPS) and become a top 20 global corporate BTC holder.

    Forward-looking information is based on management’s reasonable assumptions at the time such statements are made, including assumptions regarding market conditions, the price and availability of Bitcoin, regulatory and stock exchange approvals, and the Company’s ability to execute its strategic plans and secure additional capital on acceptable terms.

    Forward-looking statements are subject to various risks and uncertainties, including: fluctuations in Bitcoin price and trading volume; availability and terms of financing; satisfaction of conditions related to future drawdowns under the Facility; the impact of potential penalties and payments under the Facility on the liquidity and future prospects of the Company; potential risks associated with the Company committing an event of default under the Facility and the potential implications thereof; regulatory risk; changes in the Company’s business model or execution plans; and the potential that the Company will not receive applicable regulatory approval of the Facility or any individual drawdown thereunder.. There can be no assurance that the Company will meet its BTC accumulation targets, receive any applicable regulatory approvals, complete any tranches of the Facility, or achieve its broader strategic objectives within the projected timelines or at all.

    Forward-looking statements are provided to offer information about management’s current expectations and plans and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such forward-looking information. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

    The MIL Network –