Category: Americas

  • MIL-OSI USA: Rep. Mike Levin Reintroduces Legislation to Ban Drilling Off of Southern California

    Source: United States House of Representatives – Representative Mike Levin (CA-49)

    April 22, 2025

    Washington, D.C. – Today, Rep. Mike Levin (CA-49) reintroduced the Southern California Coast and Ocean Protection Act, which would prohibit offshore drilling along the Southern California coast, as a part of a larger initiative to ban offshore drilling in sensitive areas and protect our vibrant coastal communities.

    Rep. Levin’s bill, The Southern California Coast and Ocean Protection Act, would prevent new leasing for the exploration, development, or production of oil or natural gas along the Southern California coast, from San Diego to the northern border of San Luis Obispo County.

    Rep. Levin introduced this bill along with:

    • Rep. Huffman’s (D-CA) West Coast Ocean Protection Act
    • Rep. Pallone’s (D-NJ) Clean Ocean and Safe Tourism (COAST) Anti-Drilling Act
    • Rep. Castor’s (D-FL) Florida Coast Protection Act
    • Rep. Carbajal’s (D-CA) California Clean Coast Act
    • Rep. Panetta’s (D-CA) Central Coast of California Conservation Act of 2025
    • Rep. Magaziner’s (D-RI) New England Coastal Protection Act of 2025
    • Rep. Ross’ (D-NC) Defend our Coast Act

    These bills would prohibit the Secretary of the Interior from issuing any oil and gas lease leases or any other authorizations along the entire coast of California and in other coastal areas across the country. Together, these bills will protect valuable ecosystems and the economic viability of communities concerned about oil spills.

    “I’m joining my colleagues to permanently protect our beautiful coasts and put a stop to offshore drilling in sensitive areas,” said Rep. Mike Levin. “These bills take a vitally important step in protecting our communities from the consequences of offshore drilling, especially as the Trump Administration attempts to unleash drilling on our coastline in San Diego and Orange County. The Administration wants to risk disastrous environmental impacts on our beaches, threatening our coastal economy and way of life to line the pockets of oil executives. I’m proud to join my colleagues in the California Delegation and across the country in taking a stand against offshore drilling nationwide.”

    Rep. Levin has advocated extensively for a ban on offshore drilling. In November 2024, Rep. Levin sent a letter to the Biden Administration that resulted in the withdrawal of future oil and natural gas leasing in sensitive coastal areas across the country, including in Southern California. In January 2025, the Trump Administration once again opened these areas to drilling and has taken measures to expand offshore drilling and roll back environmental regulations
                              

    “The Southern California Coast and Ocean Protection Act will protect our environment, economy, climate, and way of life from the harmful effects of offshore oil and gas development. The 2021 Amplify Energy Oil Spill off Orange County showed the damage that offshore drilling can inflict on coastal ecosystems and marine wildlife and triggered beach and fishery closures that disrupted southern California’s tourism-based economy. The Surfrider Foundation urges members of Congress to support these and other bills to permanently prohibit new offshore drilling in U.S. waters,” said Pete Stauffer, Ocean Protection Manager, Surfrider Foundation.

    “Southern California’s coastal communities depend on thriving oceans and wildlife, and they know all too well the devastating costs of offshore spills, busted pipelines, and oil-covered beaches,” said Joseph Gordon, Oceana Campaign Director. “Oceana commends Congressman Levin for reintroducing this important legislation that would permanently protect the Golden State’s beloved southern coast from the dangers of oil and gas drilling and spilling. This bill is part of a state and national movement to safeguard our multi-billion-dollar coastal economies from dirty and dangerous offshore drilling.” 

    “The Surf Industry Members Association is proud to support the Southern California Coast and Ocean Protection Act. Our coastline is not just a vital economic engine—it’s the heart of our culture and way of life for millions across the region. Prohibiting new offshore oil and gas leasing in Southern California is a critical step to protect our waves, our marine ecosystems, and the communities that depend on them. We urge Congress to pass it to ensure a clean, thriving ocean for generations to come,” said Vipe Desai, Executive Director, Surf Industry Members Association

    “This administration is determined to sell off our oceans to pad Big Oil pockets. Permanently protecting the waters off southern California puts coastal communities and wildlife above polluters and brings us closer to a world where our waters are free from oil spills, endangered whale populations are free from seismic blasting, and ecosystems have a chance to thrive,” said Taryn Kiekow Heimer, Director of Ocean Energy at NRDC (Natural Resources Defense Council).  “Now more than ever, we need leadership from Congress to set us back on track to tackle climate change and protect our ocean from an industry that only cares about its bottom line.”

    This legislation is endorsed by organizations including: Natural Resources Defense Council (NRDC), Earthjustice, Oceana, Sierra Club, Surfrider Foundation, League of Conservation Voters, Futureswell, Ocean Conservancy, Environment America, WILDCOAST, Surf Industry Members Association, Food & Water Watch, Peace Boat US, Defenders of Wildlife, Ocean Defense Initiative, Center for Biological Diversity, The Ocean Project, Business Alliance to Protect the Pacific Coast, Animal Welfare Institute, U.S. Climate Action Network, American Bird Conservancy, Hispanic Access Foundation

    ###

    MIL OSI USA News

  • MIL-OSI USA: TOMORROW: Governor Newsom joins CAL FIRE to announce an expansion of world’s largest aerial firefighting force

    Source: US State of California Governor

    Apr 23, 2025

    SACRAMENTO – Tomorrow in Sacramento County, Governor Gavin Newsom will join CAL FIRE leaders for a press conference to announce a critical addition to the largest aerial firefighting fleet in the world. 

    WHEN: Thursday, April 24 at approximately 1 p.m.

    LIVESTREAM: Governor’s Twitter page, Governor’s Facebook page, and the Governor’s YouTube page. This event will also be available to TV stations on the LiveU Matrix under “California Governor.”

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    MIL OSI USA News

  • MIL-OSI: Precision Drilling Announces 2025 First Quarter Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 23, 2025 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, gain on investments and other assets, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Funds Provided by (Used in) Operations, Net Capital Spending, Working Capital and Total Long-term Financial Liabilities. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) Accounting Standards and may not be comparable to similar measures used by other companies. See “Financial Measures and Ratios” later in this news release.

    Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) announces 2025 first quarter results, confirms shareholder return targets, and lowers 2025 capital budget.

    Financial Highlights

    • Revenue in the first quarter was $496 million compared to $528 million realized in the same period last year as strong drilling activity in Canada was offset by lower U.S. drilling activity.
    • Adjusted EBITDA(1) was $137 million and included $3 million of restructuring costs and $3 million of share-based compensation expense. In 2024, first quarter Adjusted EBITDA(1) was $143 million and included share-based compensation expense of $23 million.
    • First quarter net earnings attributable to shareholders was $35 million or $2.52 per share and comparable to $37 million or $2.53 per share in 2024. Precision has consistently delivered positive net earnings since mid-2022.
    • Cash provided by operations during the quarter was $63 million, allowing the Company to repurchase $31 million of common shares and repay $17 million of debt.
    • Capital expenditures were $60 million and the Company has lowered its 2025 capital budget to $200 million versus the $225 million previously announced.
    • Precision remains committed to repaying at least $100 million of debt in 2025 and allocating 35% to 45% of free cash flow, before debt repayments, to share buybacks.

    Operational Highlights

    • Canada’s activity averaged 74 drilling rigs in the first quarter and surpassed the 73 active rigs in the same period last year.
    • Canadian revenue per utilization day was $35,601 and comparable to the $35,596 in the first quarter of 2024.
    • U.S. activity averaged 30 drilling rigs compared to 38 in the same period last year.
    • U.S. revenue per utilization day was US$33,157, which included US$1,263 per utilization day for idle but contracted rig revenue, versus US$32,867 in the first quarter of last year.
    • Internationally, we had eight rigs active in the first quarter, consistent with the first quarter of 2024, and realized revenue of US$36 million compared to US$38 million in 2024.
    • Service rig operating hours decreased 10% compared to the same quarter last year due to customer project deferrals and impacts of an earlier spring break up in Canada, plus lower U.S. activity.
            (1) See “FINANCIAL MEASURES AND RATIOS.”

    MANAGEMENT COMMENTARY

    “I am pleased with Precision’s first quarter financial and operational results, and particularly with the efforts of the Precision team as we manage our way through a period of unusual volatility and market uncertainty. In the first quarter, our net earnings attributable to shareholders was $35 million, marking 11 consecutive quarters of positive earnings, and we are well on our way to meeting our capital allocation targets. During the quarter, we generated $63 million of cash provided by operations, allowing us to repay $17 million of debt and purchase $31 million of shares. Over the last four quarters, Precision has reduced its outstanding shares by nearly one million shares, representing 7% of our outstanding balance.

    “During the first quarter our Canadian drilling activity remained slightly higher than last year, averaging 74 active rigs compared to 73 in 2024 and we expect this trend to continue through the first half of this year. In the U.S., we have modestly increased our activity levels from the fourth quarter, currently operating 34 rigs, primarily by capitalizing on the emerging opportunities in natural gas plays. With initial Liquefied Natural Gas (LNG) exports beginning shortly in Canada and significant LNG export capacity expansion underway in the U.S., we believe our market positioning for these increasing LNG opportunities is constructive.

    “Second-half industry activity in North America will depend largely on customer realized cash flows and their capital allocation priorities. We believe industry capital discipline will remain a stabilizing market feature muting our customers’ short-term response to volatile commodity prices. However, global events and conflicts, including unexpected OPEC+ production increases, trade and tariff uncertainty, and geopolitical conflicts have the potential to impact global economic growth and access to commodity supplies, creating a range of commodity price scenarios which are difficult to predict.

    “Tightly controlling all aspects of our business, adjusting spending and specifically managing Precision’s cash inflows and outflows at a pace that matches the cyclicality of our industry is a cornerstone of Precision’s business model. We are reducing our 2025 capital spending by $25 million to $200 million to mitigate increased market uncertainty and a potential reduction in customer demand. This includes trimming our expected upgrade spending by approximately $8 million and maintenance capital by $17 million. We remain poised to further adjust capital spending in response to actual customer demand. 

    “We have also reduced our fixed costs by approximately $10 million annually by streamlining our internal structure and focusing more directly on customer needs and aligning with current activity levels. These changes included flattening our operations leadership structure, exiting our North Dakota well-servicing business and reducing the related staffing levels.

    “Our International drilling operations and Completion and Production business both contributed meaningful free cash flow for the quarter, and this is expected to continue for the rest of the year.

    “With a predominantly variable cost business and low debt levels, a highly experienced team committed to serving our customers, and a high-performance rig fleet, Precision is better positioned than any time in the past decade to navigate uncertainty while simultaneously creating shareholder value,” concluded Mr. Neveu.

    SELECT FINANCIAL AND OPERATING INFORMATION

    Financial Highlights

      For the three months ended March 31,  
    (Stated in thousands of Canadian dollars, except per share amounts)   2025       2024     % Change  
    Revenue   496,331       527,788       (6.0 )
    Adjusted EBITDA(1)   137,497       143,149       (3.9 )
    Net earnings   34,947       36,516       (4.3 )
    Net earnings attributable to shareholders   34,511       36,516       (5.5 )
    Cash provided by operations   63,419       65,543       (3.2 )
    Funds provided by operations(1)   109,842       117,765       (6.7 )
                     
    Cash used in investing activities   57,202       75,237       (24.0 )
    Capital spending by spend category(1)                
    Expansion and upgrade   19,546       14,370       36.0  
    Maintenance and infrastructure   40,419       41,157       (1.8 )
    Proceeds on sale   (3,765 )     (5,186 )     (27.4 )
    Net capital spending(1)   56,200       50,341       11.6  
                     
    Net earnings attributable to shareholders per share :                
    Basic   2.52       2.53       (0.4 )
    Diluted   2.20       2.53       (13.0 )
    Weighted average shares outstanding:                
    Basic   13,683       14,407       (5.0 )
    Diluted   14,287       14,410       (0.9 )

    (1) See “FINANCIAL MEASURES AND RATIOS.”

    Operating Highlights

      For the three months ended March 31,  
      2025     2024     % Change  
    Contract drilling rig fleet   215       214       0.5  
    Drilling rig utilization days:                
    Canada   6,680       6,617       1.0  
    U.S.   2,691       3,453       (22.1 )
    International   720       728       (1.1 )
    Revenue per utilization day:                
    Canada (Cdn$)   35,601       35,596       0.0  
    U.S. (US$)   33,157       32,867       0.9  
    International (US$)   49,419       52,808       (6.4 )
    Operating costs per utilization day:                
    Canada (Cdn$)   20,822       19,959       4.3  
    U.S. (US$)   23,568       21,719       8.5  
                     
    Service rig fleet   153       183       (16.4 )
    Service rig operating hours   66,986       74,505       (10.1 )


    Drilling Activity

      Average for the quarter ended 2024   Average for the quarter ended 2025  
      Mar. 31     June 30     Sept. 30     Dec. 31     Mar. 31  
    Average Precision active rig count(1):                            
    Canada   73       49       72       65       74  
    U.S.   38       36       35       34       30  
    International   8       8       8       8       8  
    Total   119       93       115       107       112  

    (1) Average number of drilling rigs working or moving.


    Financial Position

    (Stated in thousands of Canadian dollars, except ratios) March 31, 2025     December 31, 2024  
    Working capital(1)   (45,033 )     162,592  
    Cash   28,245       73,771  
    Long-term debt   567,824       812,469  
    Total long-term financial liabilities(1)   632,369       888,173  
    Total assets   2,915,984       2,956,315  
    Long-term debt to long-term debt plus equity ratio(1)   0.25       0.33  

    (1) See “FINANCIAL MEASURES AND RATIOS.”

    Summary for the three months ended March 31, 2025:

    • Revenue was $496 million compared to $528 million in the first quarter of 2024 as strong drilling activity in Canada was offset by lower U.S. drilling activity.
    • Adjusted EBITDA decreased to $137 million from $143 million, primarily due to lower drilling activity in the U.S. and restructuring costs of $3 million that were partially offset by lower share-based compensation expense. Please refer to “Other Items” later in this news release for additional information on share-based compensation.
    • Adjusted EBITDA as a percentage of revenue was relatively stable at 28% compared to 27% in 2024.
    • Net earnings attributable to shareholders was $35 million or $2.52 per share and comparable with $37 million or $2.53 per share for the same period last year. On a diluted basis, net earnings attributable to shareholders was $2.20 versus $2.53 in 2024.
    • Cash provided by operations was $63 million, allowing the Company to repurchase 408,973 shares for $31 million, reduce debt by $17 million by repaying the outstanding balance on the Senior Credit Facility, and end the quarter with $28 million of cash and almost $550 million of available liquidity.
    • In Canada, revenue per utilization day was $35,601, consistent with the first quarter of 2024. Canadian operating costs per utilization day increased 4% to $20,822, mainly due to wage increases and Super Single rig reactivations. First quarter revenue and operating costs per utilization day were consistent with the fourth quarter of 2024.
    • In the U.S. revenue per utilization day, excluding idle but contracted rig revenue of US$1,263, was US$31,894 compared with US$32,867 in the first quarter of last year. First quarter revenue per utilization day, excluding idle but contracted rig revenue, increased by 4% from the fourth quarter of 2024.
    • U.S. operating costs per utilization day increased 9% to US$23,568 compared to the same quarter last year due to higher mobilization costs, additional rig reactivations, and fixed costs being spread over fewer activity days. These same factors caused operating costs per utilization per day in the first quarter to rise 9% compared to the fourth quarter of 2024.
    • Internationally, we realized revenue of US$36 million from eight active drilling rigs, which is similar to the US$38 million generated in the first quarter of 2024.
    • Completion and Production Services revenue was $79 million, a decrease of $8 million from 2024, as service rig operating hours decreased 10% due to a number of customer project deferrals and an earlier spring break up in Canada, plus less activity in the U.S. Adjusted EBITDA was $18 million, representing 22% of revenue compared to 21% in the first quarter of 2024.
    • General and administrative expenses were $30 million compared with $45 million in the first quarter of 2024 primarily due to lower share-based compensation expense.
    • Capital expenditures increased slightly to $60 million versus $56 million in 2024 and by spend category included $40 million for the maintenance of existing assets, infrastructure, and intangible assets and $20 million for expansion and upgrades. Precision has lowered its 2025 capital budget to $200 million.

    STRATEGY

    Precision’s vision is to be globally recognized as the High Performance, High Value provider of land drilling services. We work toward this vision by defining and measuring our results against strategic priorities that we establish at the beginning of every year.

    Precision’s 2025 strategic priorities and the progress made during the first quarter are as follows:

    1. Maximize free cash flow through disciplined capital deployment and strict cost management.
      • Generated cash from operations of $63 million, allowing the Company to reduce debt and buy back shares.
      • Proactively reduced fixed cost structure to address market uncertainty and expect to realize approximately $10 million in annual savings.
      • Reduced our 2025 capital budget to $200 million versus the $225 million previously announced.
    2. Enhance shareholder returns through debt reduction and share repurchases. Plan to reduce debt by at least $100 million and allocate 35% to 45% of free cash flow before debt repayments for share repurchases.
      • Returned $31 million of capital to shareholders by repurchasing 408,973 shares during the quarter.
      • Reduced debt by $17 million and ended the quarter with almost $550 million of available liquidity.
      • Remain committed to reducing debt by at least $100 million in 2025 and allocating 35% to 45% of free cash flow, before debt repayments, directly to shareholders.
    3. Grow revenue in existing service lines through contracted upgrades, optimized pricing and utilization, and opportunistic consolidating tuck-in acquisitions.
      • Increased Canadian rig utilization, averaging 74 active rigs for the first quarter versus 73 in 2024.
      • Maintained strong pricing in Canada with revenue per utilization per day of $35,601, aligning with an average day rate of $35,596 in the first quarter of 2024.
      • Invested $20 million in expansion and upgrade capital to enhance our drilling rigs.
      • Current market conditions and commodity price volatility make acquisitions less likely in the near term.

    OUTLOOK

    Near-term expectations for global energy demand growth have been tempered by several geopolitical events including OPEC+ easing of curtailments, trade policy uncertainty, and international conflicts. However, we believe the long-term fundamentals for energy demand are positive, driven by economic growth, increasing demand from emerging economies, and new energy sources of power demand. 

    In Canada, the Trans Mountain pipeline expansion, which became operational in May of 2024, combined with the imminent startup of LNG Canada will provide significant tidewater access for Canadian crude oil and natural gas, supporting Canadian drilling activity. In the U.S., the next wave of LNG export terminals is expected to add approximately 13 bcf/d of export capacity over the next five years, supporting U.S. natural gas drilling activity beyond domestic demand growth and further supporting natural gas drilling.

    Our Canadian drilling activity peaked at 82 rigs in the first quarter with our Super Triple and Super Single rigs near full utilization. We expect the traditional spring breakup period this year to have a historically small impact on our activity, as strong demand for our growing fleet of pad-capable rigs should allow 45 to 48 rigs to continue operating during this period versus 43 last year. Despite trade and tariff uncertainty and oil prices falling to approximately US$60 per barrel, we have not experienced any meaningful change in customer demand or their longer-term plans. Overall, we expect our Canadian drilling activity to be up for the first half of the year compared to the first six months of 2024.

    In the U.S., we have modestly increased our activity levels from the fourth quarter, currently operating 34 rigs, primarily by capitalizing on the emerging opportunities in natural gas plays. With significant LNG export capacity expansion underway in the U.S., we believe our market positioning for these increasing LNG opportunities is constructive.

    North American industry activity in the second half of this year will depend largely on customer realized cash flows and their capital allocation priorities. We believe industry capital discipline will remain a stabilizing market feature muting our customers’ short-term response to volatile commodity prices. However, global events and conflicts, including unexpected OPEC+ production increases, trade and tariff uncertainty, and geopolitical conflicts have the potential to impact global economic growth and access to commodity supplies, creating a range of commodity price scenarios which are difficult to predict.

    Internationally, we have eight rigs on term contracts, five in Kuwait and three in the Kingdom of Saudi Arabia. The majority of these rigs are under five-year term contracts that extend into 2027 and 2028, providing predictable cash flow for the next few years. In May and for the remainder of the year, we expect seven active rigs compared to eight for the first four months of the year but with no material impact on our 2025 cash flow. We continue to look for opportunities to leverage our international expertise.

    As the premier well service provider in Canada, the outlook for this business remains strong, driven by increased takeaway capacity from Trans Mountain pipeline expansion and LNG Canada, and increased regulatory spending requirements for abandonment work. With continued labour constraints, we expect firm pricing into the foreseeable future.

    Contracts

    The following chart outlines the average number of drilling rigs under term contract by quarter as at April 23, 2025. For those quarters ending after March 31, 2025, this chart represents the minimum number of term contracts from which we will earn revenue. We expect the actual number of contracted rigs to vary in future periods as we sign additional term contracts.

    As at April 23, 2025 Average for the quarter ended 2024     Average     Average for the quarter ended 2025     Average  
      Mar. 31     June 30     Sept. 30     Dec. 31     2024     Mar. 31     June 30     Sept. 30     Dec. 31     2025  
    Average rigs under term contract:                                                          
    Canada   24       22       23       23       23       20       19       18       14       18  
    U.S.   20       17       17       16       18       16       15       11       8       13  
    International   8       8       8       8       8       8       7       7       7       7  
    Total   52       47       48       47       49       44       41       36       29       38  

    SEGMENTED FINANCIAL RESULTS

    Precision’s operations are reported in two segments: Contract Drilling Services, which includes our drilling rig, oilfield supply and manufacturing divisions; and Completion and Production Services, which includes our service rig, rental and camp and catering divisions.

    SEGMENT REVIEW OF CONTRACT DRILLING SERVICES

      For the three months ended March 31,  
    (Stated in thousands of Canadian dollars, except where noted)   2025       2024     % Change  
    Revenue   419,457       443,367       (5.4 )
    Expenses:                
    Operating   272,412       276,692       (1.5 )
    General and administrative   11,029       13,002       (15.2 )
    Adjusted EBITDA(1)   136,016       153,673       (11.5 )
    Adjusted EBITDA as a percentage of revenue(1)   32.4 %     34.7 %      

    (1) See “FINANCIAL MEASURES AND RATIOS.”

    Canadian onshore drilling statistics:(1) 2025     2024  
      Precision     Industry(2)     Precision     Industry(2)  
    Average number of active land rigs for quarters ended:                      
    March 31   74       214       73       208  

    (1) Canadian operations only.
    (2) Baker Hughes rig counts.

    United States onshore drilling statistics:(1) 2025     2024  
      Precision     Industry(2)     Precision     Industry(2)  
    Average number of active land rigs for quarters ended:                      
    March 31   30       572       38       602  

    (1) United States lower 48 operations only.
    (2) Baker Hughes rig counts.

    SEGMENT REVIEW OF COMPLETION AND PRODUCTION SERVICES

      For the three months ended March 31,  
    (Stated in thousands of Canadian dollars, except where noted)   2025       2024     % Change  
    Revenue   79,330       87,087       (8.9 )
    Expenses:                
    Operating   59,112       65,480       (9.7 )
    General and administrative   2,672       3,002       (11.0 )
    Adjusted EBITDA(1)   17,546       18,605       (5.7 )
    Adjusted EBITDA as a percentage of revenue(1)   22.1 %     21.4 %      
    Well servicing statistics:                
    Number of service rigs (end of period)   153       183       (16.4 )
    Service rig operating hours   66,986       74,505       (10.1 )

    (1) See “FINANCIAL MEASURES AND RATIOS.”

    OTHER ITEMS

    Share-based Incentive Compensation Plans

    We have several cash and equity-settled share-based incentive plans for non-management directors, officers, and other eligible employees. Our accounting policies for each share-based incentive plan can be found in our 2024 Annual Report.

    A summary of expense amounts under these plans during the reporting periods are as follows:

      For the three months ended March 31,  
    (Stated in thousands of Canadian dollars) 2025     2024  
    Cash settled share-based incentive plans   403       21,759  
    Equity settled share-based incentive plans   2,427       875  
    Total share-based incentive compensation plan expense   2,830       22,634  
               
    Allocated:          
    Operating   1,128       5,252  
    General and Administrative   1,702       17,382  
        2,830       22,634  

    FINANCIAL MEASURES AND RATIOS

    Non-GAAP Financial Measures
    We reference certain additional Non-Generally Accepted Accounting Principles (Non-GAAP) measures that are not defined terms under IFRS Accounting Standards to assess performance because we believe they provide useful supplemental information to investors.
    Adjusted EBITDA We believe Adjusted EBITDA (earnings before income taxes, gain on investments and other assets, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), as reported in our Condensed Interim Consolidated Statements of Net Earnings and our reportable operating segment disclosures, is a useful measure because it gives an indication of the results from our principal business activities prior to consideration of how our activities are financed and the impact of foreign exchange, taxation and depreciation and amortization charges.

    The most directly comparable financial measure is net earnings.

      For the three months ended March 31,  
    (Stated in thousands of Canadian dollars)   2025       2024  
    Adjusted EBITDA by segment:          
    Contract Drilling Services   136,016       153,673  
    Completion and Production Services   17,546       18,605  
    Corporate and Other   (16,065 )     (29,129 )
    Adjusted EBITDA   137,497       143,149  
    Depreciation and amortization   75,036       78,213  
    Gain on asset disposals   (2,872 )     (3,237 )
    Foreign exchange   367       394  
    Finance charges   15,760       18,369  
    Gain on investments and other assets   (49 )     (228 )
    Income taxes   14,308       13,122  
    Net earnings   34,947       36,516  
    Non-controlling interests   436        
    Net earnings attributable to shareholders   34,511       36,516  
    Funds Provided by (Used in) Operations We believe funds provided by (used in) operations, as reported in our Condensed Interim Consolidated Statements of Cash Flows, is a useful measure because it provides an indication of the funds our principal business activities generate prior to consideration of working capital changes, which is primarily made up of highly liquid balances.

    The most directly comparable financial measure is cash provided by (used in) operations.

    Net Capital Spending We believe net capital spending is a useful measure as it provides an indication of our primary investment activities.

    The most directly comparable financial measure is cash provided by (used in) investing activities.

    Net capital spending is calculated as follows:

      For the three months ended March 31,  
    (Stated in thousands of Canadian dollars)   2025       2024  
    Capital spending by spend category          
    Expansion and upgrade   19,546       14,370  
    Maintenance, infrastructure and intangibles   40,419       41,157  
        59,965       55,527  
    Proceeds on sale of property, plant and equipment   (3,765 )     (5,186 )
    Net capital spending   56,200       50,341  
    Purchase of investments and other assets   11        
    Receipt of finance lease payments   (208 )     (191 )
    Changes in non-cash working capital balances   1,199       25,087  
    Cash used in investing activities   57,202       75,237  
    Working Capital We define working capital as current assets less current liabilities, as reported in our Condensed Interim Consolidated Statements of Financial Position.

    Working capital is calculated as follows:

      March 31,     December 31,  
    (Stated in thousands of Canadian dollars)   2025       2024  
    Current assets   481,111       501,284  
    Current liabilities   (526,144 )     (338,692 )
    Working capital   (45,033 )     162,592  
    Total Long-term Financial Liabilities We define total long-term financial liabilities as total non-current liabilities less deferred tax liabilities, as reported in our Condensed Interim Consolidated Statements of Financial Position.

    Total long-term financial liabilities is calculated as follows:

      March 31,     December 31,  
    (Stated in thousands of Canadian dollars)   2025       2024  
    Total non-current liabilities   688,940       935,624  
    Deferred tax liabilities   (56,571 )     (47,451 )
    Total long-term financial liabilities   632,369       888,173  
    Non-GAAP Ratios
    We reference certain additional Non-GAAP ratios that are not defined terms under IFRS to assess performance because we believe they provide useful supplemental information to investors.
    Adjusted EBITDA % of Revenue We believe Adjusted EBITDA as a percentage of consolidated revenue, as reported in our Condensed Interim Consolidated Statements of Net Earnings, provides an indication of our profitability from our principal business activities prior to consideration of how our activities are financed and the impact of foreign exchange, taxation and depreciation and amortization charges.
    Long-term debt to long-term debt plus equity We believe that long-term debt (as reported in our Condensed Interim Consolidated Statements of Financial Position) to long-term debt plus equity (total equity as reported in our Condensed Interim Consolidated Statements of Financial Position) provides an indication of our debt leverage. For the period ended March 31, 2025 long-term debt includes long-term debt plus current portion of long-term debt as reported in our Consolidated Interim Consolidated Statements of Financial Position.
    Net Debt to Adjusted EBITDA We believe that the Net Debt (long-term debt plus current portion of long-term debt less cash, as reported in our Condensed Interim Consolidated Statements of Financial Position) to Adjusted EBITDA ratio provides an indication of the number of years it would take for us to repay our debt obligations. For the period ended March 31, 2025 long-term debt includes long-term debt plus current portion of long-term debt as reported in our Consolidated Interim Consolidated Statements of Financial Position.
    Supplementary Financial Measures
    We reference certain supplementary financial measures that are not defined terms under IFRS to assess performance because we believe they provide useful supplemental information to investors.
    Capital Spending by Spend Category We provide additional disclosure to better depict the nature of our capital spending. Our capital spending is categorized as expansion and upgrade, maintenance and infrastructure, or intangibles.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS

    Certain statements contained in this release, including statements that contain words such as “could”, “should”, “can”, “anticipate”, “estimate”, “intend”, “plan”, “expect”, “believe”, “will”, “may”, “continue”, “project”, “potential” and similar expressions and statements relating to matters that are not historical facts constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking information and statements”).

    In particular, forward-looking information and statements include, but are not limited to, the following:

    • our strategic priorities for 2025;
    • our capital expenditures, free cash flow allocation and debt reduction plans for 2025 and beyond;
    • anticipated activity levels, demand for our drilling rigs, day rates and daily operating margins in 2025;
    • the average number of term contracts in place for 2025;
    • customer adoption of Alpha™ technologies and EverGreen™ suite of environmental solutions;
    • potential commercial opportunities and rig contract renewals; and
    • our future debt reduction plans.

    These forward-looking information and statements are based on certain assumptions and analysis made by Precision in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. These include, among other things:

    • our ability to react to customer spending plans as a result of changes in oil and natural gas prices;
    • the status of current negotiations with our customers and vendors;
    • customer focus on safety performance;
    • existing term contracts are neither renewed nor terminated prematurely;
    • our ability to deliver rigs to customers on a timely basis;
    • the impact of an increase/decrease in capital spending; and
    • the general stability of the economic and political environments in the jurisdictions where we operate.

    Undue reliance should not be placed on forward-looking information and statements. Whether actual results, performance or achievements will conform to our expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from our expectations. Such risks and uncertainties include, but are not limited to:

    • volatility in the price and demand for oil and natural gas;
    • fluctuations in the level of oil and natural gas exploration and development activities;
    • fluctuations in the demand for contract drilling, well servicing and ancillary oilfield services;
    • our customers’ inability to obtain adequate credit or financing to support their drilling and production activity;
    • changes in drilling and well servicing technology, which could reduce demand for certain rigs or put us at a competitive advantage;
    • shortages, delays and interruptions in the delivery of equipment supplies and other key inputs;
    • liquidity of the capital markets to fund customer drilling programs;
    • availability of cash flow, debt and equity sources to fund our capital and operating requirements, as needed;
    • the impact of weather and seasonal conditions on operations and facilities;
    • the impact of tariffs and trade disputes;
    • competitive operating risks inherent in contract drilling, well servicing and ancillary oilfield services;
    • ability to improve our rig technology to improve drilling efficiency;
    • general economic, market or business conditions;
    • the availability of qualified personnel and management;
    • a decline in our safety performance which could result in lower demand for our services;
    • changes in laws or regulations, including changes in environmental laws and regulations such as increased regulation of hydraulic fracturing or restrictions on the burning of fossil fuels and greenhouse gas emissions, which could have an adverse impact on the demand for oil and natural gas;
    • terrorism, social, civil and political unrest in the foreign jurisdictions where we operate;
    • fluctuations in foreign exchange, interest rates and tax rates; and
    • other unforeseen conditions which could impact the use of services supplied by Precision and Precision’s ability to respond to such conditions.

    Readers are cautioned that the forgoing list of risk factors is not exhaustive. Additional information on these and other factors that could affect our business, operations or financial results are included in reports on file with applicable securities regulatory authorities, including but not limited to Precision’s Annual Information Form for the year ended December 31, 2024, which may be accessed on Precision’s SEDAR+ profile at www.sedarplus.ca or under Precision’s EDGAR profile at www.sec.gov. The forward-looking information and statements contained in this release are made as of the date hereof and Precision undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by law.

    CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)

    (Stated in thousands of Canadian dollars) March 31, 2025     December 31, 2024  
    ASSETS          
    Current assets:          
    Cash $ 28,245     $ 73,771  
    Accounts receivable   397,684       378,712  
    Inventory   49,176       43,300  
    Assets held for sale   6,006       5,501  
    Total current assets   481,111       501,284  
    Non-current assets:          
    Deferred tax assets   2,437       6,559  
    Property, plant and equipment   2,342,482       2,356,173  
    Intangibles   13,537       12,997  
    Right-of-use assets   63,223       66,032  
    Finance lease receivables   4,670       4,806  
    Investments and other assets   8,524       8,464  
    Total non-current assets   2,434,873       2,455,031  
    Total assets $ 2,915,984     $ 2,956,315  
               
    LIABILITIES AND EQUITY          
    Current liabilities:          
    Accounts payable and accrued liabilities $ 271,696     $ 314,355  
    Income taxes payable   4,526       3,778  
    Current portion of lease obligations   19,703       20,559  
    Current portion of long-term debt   230,219        
    Total current liabilities   526,144       338,692  
               
    Non-current liabilities:          
    Share-based compensation   5,391       13,666  
    Provisions and other   7,478       7,472  
    Lease obligations   51,676       54,566  
    Long-term debt   567,824       812,469  
    Deferred tax liabilities   56,571       47,451  
    Total non-current liabilities   688,940       935,624  
    Equity:          
    Shareholders’ capital   2,287,422       2,301,729  
    Contributed surplus   77,011       77,557  
    Accumulated other comprehensive income   197,827       199,020  
    Deficit   (866,323 )     (900,834 )
    Total equity attributable to shareholders   1,695,937       1,677,472  
    Non-controlling interest   4,963       4,527  
    Total equity   1,700,900       1,681,999  
    Total liabilities and equity $ 2,915,984     $ 2,956,315  

    CONDENSED INTERIM CONSOLIDATED STATEMENTS OF NET EARNINGS (LOSS) (UNAUDITED)

      Three Months Ended March 31,  
    (Stated in thousands of Canadian dollars, except per share amounts) 2025     2024  
               
               
    Revenue $ 496,331     $ 527,788  
    Expenses:          
    Operating   329,068       339,506  
    General and administrative   29,766       45,133  
    Earnings before income taxes, gain on
    investments and other assets, finance
    charges, foreign exchange, gain on asset
    disposals, and depreciation and amortization
      137,497       143,149  
    Depreciation and amortization   75,036       78,213  
    Gain on asset disposals   (2,872 )     (3,237 )
    Foreign exchange   367       394  
    Finance charges   15,760       18,369  
    Gain on investments and other assets   (49 )     (228 )
    Earnings before income taxes   49,255       49,638  
    Income taxes:          
    Current   1,106       1,017  
    Deferred   13,202       12,105  
        14,308       13,122  
    Net earnings $ 34,947     $ 36,516  
    Attributable to:          
    Shareholders of Precision Drilling Corporation $ 34,511     $ 36,516  
    Non-controlling interests $ 436     $  
    Net earnings per share attributable to shareholders
    of Precision Drilling Corporation:
             
    Basic $ 2.52     $ 2.53  
    Diluted $ 2.20     $ 2.53  

    CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

      Three Months Ended March 31,  
    (Stated in thousands of Canadian dollars) 2025     2024  
    Net earnings $ 34,947     $ 36,516  
    Unrealized gain (loss) on translation of assets
    and liabilities of operations denominated in
    foreign currency
      (658 )     32,253  
    Foreign exchange loss on net investment hedge
    with U.S. denominated debt
      (535 )     (20,159 )
    Comprehensive income $ 33,754     $ 48,610  
    Attributable to:          
    Shareholders of Precision Drilling Corporation $ 33,318     $ 48,610  
    Non-controlling interests $ 436     $  

    CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

      Three Months Ended March 31,  
    (Stated in thousands of Canadian dollars) 2025     2024  
    Cash provided by (used in):          
    Operations:          
    Net earnings $ 34,947     $ 36,516  
    Adjustments for:          
    Long-term compensation plans   3,016       7,451  
    Depreciation and amortization   75,036       78,213  
    Gain on asset disposals   (2,872 )     (3,237 )
    Foreign exchange   (783 )     728  
    Finance charges   15,760       18,369  
    Income taxes   14,308       13,122  
    Gain on investments and other assets   (49 )     (228 )
    Income taxes paid   (321 )     (234 )
    Interest paid   (29,637 )     (33,430 )
    Interest received   437       495  
    Funds provided by operations   109,842       117,765  
    Changes in non-cash working capital balances   (46,423 )     (52,222 )
    Cash provided by operations   63,419       65,543  
               
    Investments:          
    Purchase of property, plant and equipment   (59,965 )     (55,527 )
    Proceeds on sale of property, plant and equipment   3,765       5,186  
    Purchase of investments and other assets   (11 )      
    Receipt of finance lease payments   208       191  
    Changes in non-cash working capital balances   (1,199 )     (25,087 )
    Cash used in investing activities   (57,202 )     (75,237 )
               
    Financing:          
    Repayment of long-term debt   (17,110 )     (716 )
    Repurchase of share capital   (30,766 )     (10,081 )
    Lease payments   (3,587 )     (3,200 )
    Cash used in financing activities   (51,463 )     (13,997 )
    Effect of exchange rate changes on cash   (280 )     457  
    Increase (decrease) in cash   (45,526 )     (23,234 )
    Cash, beginning of period   73,771       54,182  
    Cash, end of period $ 28,245     $ 30,948  

    CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)

      Attributable to shareholders of the Corporation              
    (Stated in thousands of
    Canadian dollars)
    Shareholders’
    Capital
        Contributed
    Surplus
        Accumulated
    Other
    Comprehensive
    Income
        Deficit     Total     Non-
    controlling
    interest
        Total
    Equity
     
    Balance at January 1, 2025 $ 2,301,729     $ 77,557     $ 199,020     $ (900,834 )   $ 1,677,472     $ 4,527     $ 1,681,999  
    Net earnings for the period                     34,511       34,511       436       34,947  
    Other comprehensive income
    for the period
                  (1,193 )           (1,193 )           (1,193 )
    Settlement of Executive
    Performance and Restricted
    Share Units
      11,651       (2,790 )                 8,861             8,861  
    Share repurchases   (26,141 )                       (26,141 )           (26,141 )
    Redemption of non-management
    directors share units
      183       (183 )                              
    Share-based compensation
    expense
            2,427                   2,427             2,427  
    Balance at March 31, 2025 $ 2,287,422     $ 77,011     $ 197,827     $ (866,323 )   $ 1,695,937     $ 4,963     $ 1,700,900  
      Attributable to shareholders of the Corporation              
    (Stated in thousands of
    Canadian dollars)
    Shareholders’
    Capital
        Contributed
    Surplus
        Accumulated
    Other
    Comprehensive
    Income
        Deficit     Total     Non-
    controlling interest
        Total
    Equity
     
    Balance at January 1, 2024 $ 2,365,129     $ 75,086     $ 147,476     $ (1,012,029 )   $ 1,575,662     $     $ 1,575,662  
    Net earnings for the period                     36,516       36,516             36,516  
    Other comprehensive income
    for the period
                  12,094             12,094             12,094  
    Settlement of Executive
    Performance and Restricted
    Share Units
      21,846       (1,479 )                 20,367             20,367  
    Share repurchases   (10,081 )                       (10,081 )           (10,081 )
    Share-based compensation
    expense
            875                   875             875  
    Balance at March 31, 2024 $ 2,376,894     $ 74,482     $ 159,570     $ (975,513 )   $ 1,635,433     $     $ 1,635,433  

    2025 FIRST QUARTER RESULTS CONFERENCE CALL AND WEBCAST

    Precision Drilling Corporation has scheduled a conference call and webcast to begin promptly at 11:00 a.m. MT (1:00 p.m. ET) on Thursday, April 24, 2025.

    To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions.

    https://register-conf.media-server.com/register/BIfac587dca2994a30be564b41d99b43ac

    The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available on Precision’s website for 12 months.

    https://edge.media-server.com/mmc/p/gifawh57

    About Precision

    Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

    Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

    Additional Information

    For further information, please contact:

    Lavonne Zdunich, CPA, CA
    Vice President, Investor Relations
    403.716.4500

    800, 525 – 8th Avenue S.W.
    Calgary, Alberta, Canada T2P 1G1
    Website: www.precisiondrilling.com

    The MIL Network

  • MIL-OSI Canada: Prime Minister announces Canadian delegation to the funeral of His Holiness Pope Francis

    Source: Government of Canada – Prime Minister

    The Prime Minister, Mark Carney, today announced that Their Excellencies the Right Honourable Mary Simon, Governor General of Canada, and Mr. Whit Fraser will travel to Vatican City on April 25, 2025, to attend the funeral of His Holiness Pope Francis, which will take place at St. Peter’s Basilica on April 26, 2025. They will lead a Canadian delegation that will also include the Speaker of the Senate, the Honourable Raymonde Gagné.

    As Catholics in Canada and around the world mourn the late Pope Francis through tributes, memorial masses, vigils, and individual prayers, the funeral for His Holiness will be broadcast live from the heart of Rome, allowing everyone the opportunity to witness the official service.

    Quote

    “I join Canadians and Catholics around the world in mourning the passing of His Holiness Pope Francis, Bishop of Rome – a shepherd of deep moral clarity, spiritual courage, and boundless compassion. From every corner of the globe, the prayers of the faithful go with Pope Francis as he journeys to his eternal rest. Pope Francis leaves a spiritual and ethical legacy that will shape our collective conscience for generations to come. May we honour his memory by continuing to work for a world that reflects the solidarity, justice, and sustainability that he so powerfully embodied. Requiescat in pace.”

    Quick Facts

    • His Holiness Pope Francis served as the head of the Catholic Church from March 13, 2013, until his death on April 21, 2025.
    • The first Jesuit and Latin American pope, His Holiness was born in 1936 in Buenos Aires, Argentina, as Jorge Mario Bergoglio. He chose Francis as his papal name in honour of Saint Francis of Assisi.
    • Pope Francis visited Canada in 2022. During his visit, he delivered a historic apology to Survivors of the residential school system, marking an important step on the shared path of reconciliation.
    • Pope Francis’s papacy was notable for his advocacy of the poor and marginalized, his commitment to environmental stewardship, and his efforts to foster greater inclusion within the Catholic Church.
    • The flags on all Government of Canada buildings and establishments across Canada, including the Peace Tower in Ottawa and at Canadian embassies to the Holy See and to Italy, have been half-masted until sunset on April 26, 2025.

    Related Product

    Associated Link

    MIL OSI Canada News

  • MIL-OSI USA: High-Ranking Tren de Aragua Member in Custody on Terrorism and International Drug Distribution Charges

    Source: US State of North Dakota

    A five-count superseding indictment has been unsealed today charging a Venezuelan national and alleged high-ranking member of the designated foreign terrorist organization Tren de Aragua (TdA).  

    Jose Enrique Martinez Flores also known as “Chuqui,” 24, is charged in the Southern District of Texas (SDTX) with conspiring to provide and providing material support to a designated foreign terrorist organization as well as conspiracy and distribution of cocaine in Colombia intended for distribution in the United States.

    “TdA is not a street gang – it is a highly structured terrorist organization that put down roots in our country during the prior administration,” said Attorney General Pamela Bondi. “Today’s charges represent an inflection point in how this Department of Justice will prosecute and ultimately dismantle this evil organization, which has destroyed American families and poisoned our communities.”

    “For the past few years, foreign gangs like TdA have more or less been able to enter the country with impunity, coming here to distribute deadly drugs and terrorize American citizens,” said U.S. Attorney Nicholas J. Ganjei for the SDTX. “That ends now. This Department of Justice is committed to uprooting this terrorist gang, dismantling its criminal operations, and either imprisoning its members or removing them from the country. SDTX is proud to lead this fight.”

    “TdA is a direct threat to our national security, to our communities, and to Americans,” said FBI Director Kash Patel. “Together with our law enforcement partners, the FBI continues in our pursuit to eliminate this violent terrorist organization from our streets, and today’s announcement makes it clear that these criminals, especially the leaders of these cartels, have no place in our country.”

    “This joint Drug Enforcement Administration (DEA)-FBI operation — alongside partners in the United States and Colombia — is further evidence that we must continue to focus our efforts on members of TdA who continue to pump poison into our communities,” said DEA Acting Administrator Derek Maltz. “This is another example of DEA’s tenacity to hunt these networks down, wherever they operate, and crush their evil grip on American lives.”

    Colombian authorities arrested Flores in Colombia March 31 pursuant to a provisional arrest warrant the United States had requested. He remains in custody in Colombia pending further proceedings. 

    A federal grand jury in Houston returned the superseding indictment April 8. 

    According to the allegations, Flores is charged with one count of conspiring to provide material support to TdA in the form of personnel (including himself) and services and one count of providing material support to TdA. The indictment also alleges one count of international drug distribution conspiracy based on his involvement in the distribution of five kilograms of cocaine or more, and two substantive counts of international drug distribution.

    The Department of State designated TdA as a foreign terrorist organization and Specially Designated Global Terrorist Feb. 20. 

    According to information presented to the court, Flores is a high-ranking TdA leader in Bogota, Colombia, and is part of the inner circle of senior TdA leadership.

    Flores also allegedly caused the delivery of approximately five kilograms or more of cocaine for international distribution, proceeds that were used to further TdA’s criminal goals. 

    If convicted, he faces a maximum penalty of life in prison and a $10 million fine. 

    The FBI Houston Field Office and DEA conducted the investigation with the assistance of the Houston Police Department, the Harris County Sheriff’s Office, Colombian National Police and the Colombian Attorney General’s Office (Fiscalía General de la Nación). The Justice Department’s Office of International Affairs and the Criminal Division’s Narcotic and Dangerous Drug Section’s Office of Judicial Attaché in Bogotá, Colombia, provided significant assistance. 

    Assistant U.S. Attorneys Casey N. MacDonald and Anibal J. Alaniz of the SDTX are prosecuting the case along with Deputy Director David C. Smith from the Department of Justice’s Joint Task Force Vulcan (JTFV). 

    JTFV was created in 2019 to eradicate MS-13 and now expanded to target TdA and is comprised of U.S. Attorney’s Offices across the country. Those include SDTX; Southern and Eastern Districts of New York; Northern District of Ohio; Districts of New Jersey, Utah, Massachusetts, Nevada and Alaska; Eastern District of Texas; Southern District of Florida; Eastern District of Virginia; Southern District of California; and the District of Columbia, as well as the Department of Justice’s National Security Division and the Criminal Division. Additionally, the FBI; DEA; U.S. Immigration and Customs Enforcement Homeland Security Investigations; Bureau of Alcohol, Tobacco, Forearms and Explosives; U.S. Marshals Service; and the Federal Bureau of Prisons have been essential law enforcement partners with JTFV.

    This case is also a 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.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

     

    MIL OSI USA News

  • MIL-Evening Report: A golden era for personalized medicine is approaching, but are we ready?

    Source: The Conversation (Au and NZ) – By Nazia Pathan, PhD, Postdoctoral Researcher, Population Health Research Institute, McMaster University

    Biobanks have become some of the most transformative tools in medical research, enabling scientists to study the relationships between genes, health and disease on an unprecedented scale (Piqsels/Siyya)

    If there’s a disease that seems to run in your family, if you’ve had a negative reaction to a drug or wondered why a standard treatment didn’t work on you, the answers may lie in your genes.

    The unique sequence of DNA that acts as a blueprint for building and maintaining your body often plays a major role in shaping your predisposition to diseases and reactions to drugs.

    Genes in the DNA make proteins, which can act as biomarkers or influence other types of biomarkers. Biomarkers are molecules in the body that help measure health conditions, such as those detected in blood or urine tests.

    Blood glucose, for example, is a biomarker for diabetes, cholesterol levels can be biomarkers for heart diseases and albumin is a protein used to assess kidney and liver functions.

    Tailoring treatments

    By understanding a patient’s unique genetic profile, biomarker readings and lifestyle information, doctors could tailor the most effective and safest treatments for that individual.

    Genetics offer the opportunity for individualized health care that can improve patient outcomes, save lives and alleviate strain on the health-care system.

    This is the promise of personalized medicine, which is already making a difference in areas such as cardiovascular diseases, cancer, mental health and rare diseases.

    The question is, are we prepared to seize this golden opportunity in Canada?

    Genetic testing and data

    Canadians are not averse to genetic testing. By 2018, a survey by Abacus Data showed around 11 per cent of Canadian adults had used direct-to-consumer genetic testing and analysis kits, and 60 per cent were open to ordering a test.

    This level of interest highlights a general acceptance of and readiness for genetic advancements in health care, which is encouraging, since we need much more reliable, population-level genetic information to make the most of this opportunity.

    Current genetic data is either scattered across relatively small, fragmented groups, which is severely limiting from a broader research perspective, or held by private companies. These companies have varying regulatory standards, raising concerns about privacy and data security, especially if a company is financially unstable or ceases to exist. This recently occurred when genetic testing company 23andMe filed for bankruptcy.




    Read more:
    With 23andMe filing for bankruptcy, what happens to consumers’ genetic data?


    The better model is publicly managed biobanks, which prioritize broad societal health over profit and offer stronger data protection through robust regulation of access, storage and usage. Strict oversight ensures the protection of individual privacy while promoting transparency.

    The potential of biobanks

    In this age of big data, biobanks have become some of the most transformative tools in medical research, enabling scientists to study the relationships between genes, health and disease on an unprecedented scale.

    This is possible because of technological advancements that allow large-scale genetic and biomarker testing, the adoption of cloud-based servers, and improvements in statistical modelling, machine learning and artificial intelligence.

    Establishing a biobank begins with collecting small amounts (five to 10 millilitres) of blood, saliva or tissue from consenting participants in the presence of health experts.

    Biobanks use next-generation sequencers to perform the genetic sequences at high speed, while the latest proteomics platforms enable measurement of thousands different biomarkers from a very small amount of blood. The resulting genetic and biomarker profiles are curated and made accessible through platforms like a national library.

    Countries such as the United Kingdom and the United States are paving the way with national efforts such as the UK Biobank and the All of Us Research Program.

    The British Biobank houses genetic and health data from more than 500,000 participants. Similarly, the U.S. program aims to enrol more than one million participants.

    Genomics in Canada

    As a genetic epidemiologist, I have had the opportunity to identify several potential genetic targets by using these treasure troves of information.

    The problem is that we don’t yet have a ready way of knowing if the results are directly applicable to the Canadian population.

    This is about to change. Genome Canada has launched the Canadian Precision Health Initiative to sequence the genomes of at least 100,000 Canadians.

    Biobanks enable scientists to study the relationships between genes, health and disease on an unprecedented scale.
    (Pixabay/Shameersrk)

    A Pan-Canadian Genome Library (PCGL) is also in the works to harmonize genetic data produced across Canada. It aims to capture, store and provide access to Canadian genomic data in a secure and ethical manner. Although this work is in the developmental phase, and the target population size remains unclear, these efforts are significant.

    These visions are closer to becoming a reality with the recent announcement of a $200 million investment in the Canadian Precision Health initiative. This is in addition to the more than $1 billion previously invested in health genomics research projects.

    These funds will support Canada’s Genomic centres, the PCGL, and enhance the translation of genomics into real-world applications, boosting the development of personalized medicine and advanced diagnostics to treat diseases.

    A potential model for the world

    Canada, with its uniquely diverse population, has a rare opportunity to lead the way in equitable, multi-ethnic genetic research that would address current biases that predominantly focus on individuals with European ancestry.

    This would ensure that everyone in Canada, including Indigenous communities, can benefit from this health-care revolution in an equitable, ethical and safe manner that balances privacy with the opportunities for groundbreaking research.

    With public trust and robust oversight, and making population-level data internationally accessible, Canada’s biobank initiative could become a model for the world in the golden era of personalized medicine.

    Nazia Pathan, PhD 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. A golden era for personalized medicine is approaching, but are we ready? – https://theconversation.com/a-golden-era-for-personalized-medicine-is-approaching-but-are-we-ready-250336

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Fact Sheet: President Donald J. Trump Promotes Excellence and Innovation at HBCUs

    US Senate News:

    Source: The White House
    ADVANCING HBCU EXCELLENCE: Today, President Donald J. Trump signed an Executive Order to promote excellence and innovation at Historically Black Colleges and Universities (HBCUs).
    The Order establishes a White House Initiative on HBCUs, housed in the Executive Office of the President, to enhance HBCUs’ capacity to deliver high-quality education to a growing number of students.
    The Initiative will prioritize private-sector partnerships, institutional development, and workforce preparation in high-growth industries like technology, healthcare, manufacturing, and finance.
    The Initiative will enhance HBCUs’ capabilities by supporting implementation of the HBCU PARTNERS Act, fostering research and program excellence, improving affordability and retention, and building pipelines for students to attend HBCUs.
    The Initiative will work to address barriers to HBCUs receiving certain Federal and state grant dollars and to improve their competitiveness for R&D funding.
    The Initiative will convene an annual White House Summit on HBCUs to foster collaboration and address key priorities for HBCU success.

    The Order establishes the President’s Board of Advisors on HBCUs within the Department of Education, comprising leaders from philanthropy, education, business, finance, entrepreneurship, innovation, private foundations, and current HBCU presidents.
    EMPOWERING HBCUs FOR AMERICA’S FUTURE: President Trump supports our Nation’s incredible HBCUs and their critical contributions to opportunity, innovation, and the economic strength of the United States.
    HBCUs areessential to fostering opportunity, economic mobility, and national competitiveness, serving as engines of success for American students.
    HBCUs have made extraordinary contributions to the general welfare and prosperity of the United States while producing many leaders in business, government, academia, and the military.
    Nearly 300,000 individuals annually pursue their dreams at HBCUs throughout the United States.
    These institutions generate $16.5 billion in annual economic impact and support over 136,000 jobs, strengthening communities and the Nation. 
    BUILDING ON A LEGACY OF SUPPORT: President Trump is committed to elevating HBCUs as beacons of educational excellence and economic opportunity, building on transformative actions from his first term.  
    President Trump relocated the Federal HBCU Initiative to the White House to ensure direct oversight and prioritization, and will once again locate it there.
    President Trump signed the FUTURE Act into law, securing $255 million in permanent annual funding for HBCUs and increasing funding for Federal Pell Grants.
    President Trump authorized more than $100 million for scholarships, research, and centers of excellence at HBCU land-grant institutions.
    President Trump provided $322 million in hurricane-related relief to four HBCUs in 2018 so they could fully focus on educating their students.
     President Trump ensured that faith-based HBCUs received equal access to Federal support.

    MIL OSI USA News

  • MIL-OSI USA: Fact Sheet: President Donald J. Trump Advances AI Education for American Youth

    US Senate News:

    Source: The White House
    EMPOWERING AMERICA’S YOUTH: Today, President Donald J. Trump signed an executive order to create new educational and workforce development opportunities for America’s youth, fostering interest and expertise in artificial intelligence (AI) technology from an early age to maintain America’s global dominance in this technological revolution for future generations.
    AI is rapidly transforming the modern world, driving innovation, enhancing productivity, and reshaping how we live and work.
    America’s youth need opportunities to cultivate the skills and understanding necessary to use and create the next generation of AI technology.
    Early training in AI will demystify this technology and prepare America’s students to be confident participants in the AI-assisted workforce, propelling our nation to new heights of scientific and economic achievement.

    Preparing our students to be leaders in AI technology also requires investing in our educators, providing them with the tools and knowledge to both train students about AI and utilize the technology in the classroom.
    Lifelong learners also need new resources to develop technical skills for a rapidly evolving work environment that increasingly incorporates digital technology.
    PROMOTING AI LITERACY AND PROFICIENCY: President Trump promised to ensure and advance America’s position as the global leader in AI technology. By incorporating AI into education and providing AI training for educators, we will help equip the next generation of American AI innovators.
    To do this, President Trump is establishing the White House Task Force on AI Education.
    The task force will be chaired by the Director of the White House Office of Science and Technology Policy and include other key members of the administration, such as the Secretary of Education, the Secretary of Labor, and the Special Advisor for AI & Crypto.
    The task force will plan and help agencies implement a Presidential AI Challenge, which will encourage and highlight student and educator achievements in AI, promote wide geographic adoption of technological advancement, and foster collaboration between government, academia, philanthropy, and industry to address national challenges with AI solutions.
    The task force will also establish public-private partnerships to provide resources for K-12 AI education, both to enhance AI-related education but also to better utilize AI tools in education generally.
    The order directs the Secretary of Education to prioritize the use of AI in discretionary grant programs for teacher training and directs the Director of the National Science Foundation (NSF) to prioritize research on the use of AI in education.
    PREPARING AMERICA’S WORKFORCE: Protecting and preparing the American workforce for the challenges of the future has always been at the forefront of the President’s AI agenda.
    Today’s executive order instructs the Secretary of Labor to leverage authorities and financial incentives to increase participation in AI-related apprenticeships.
    It also instructs the Secretary of Labor to encourage States and grantees to use Workforce Innovation and Opportunity Act (WIOA) funding to develop AI skills and support work-based learning opportunities within occupations utilizing AI.
    The Secretary of Labor, through the Assistant Secretary of Labor for Employment and Training, in collaboration with the Director of NSF, will work with State and local workforce organizations and training providers to identify and promote high-quality AI skills education coursework and certifications across the country.
    The Secretary of Labor, the Secretary of Education, and the NSF Director will work together to create opportunities for high school students to take AI courses and certification programs.

    MIL OSI USA News

  • MIL-OSI USA: SPC Severe Thunderstorm Watch 163

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL3

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 163
    NWS Storm Prediction Center Norman OK
    350 PM CDT Wed Apr 23 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Eastern Colorado
    Western Kansas

    * Effective this Wednesday afternoon and evening from 350 PM
    until 1100 PM CDT.

    * Primary threats include…
    Scattered large hail likely with isolated very large hail events
    to 2.5 inches in diameter possible
    Scattered damaging wind gusts to 70 mph possible
    A tornado or two possible

    SUMMARY…Thunderstorms will increase in coverage through the late
    afternoon and evening across the watch area, with a few supercells
    possible. Large hail is the primary concern, however a tornado or
    two could occur later this evening as well.

    The severe thunderstorm watch area is approximately along and 70
    statute miles east and west of a line from 55 miles northeast of
    Goodland KS to 5 miles east of Elkhart KS. For a complete depiction
    of the watch see the associated watch outline update (WOUS64 KWNS
    WOU3).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 162…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    2.5 inches. Extreme turbulence and surface wind gusts to 60 knots. A
    few cumulonimbi with maximum tops to 500. Mean storm motion vector
    26030.

    …Hart

    SEL3

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 163
    NWS Storm Prediction Center Norman OK
    350 PM CDT Wed Apr 23 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Eastern Colorado
    Western Kansas

    * Effective this Wednesday afternoon and evening from 350 PM
    until 1100 PM CDT.

    * Primary threats include…
    Scattered large hail likely with isolated very large hail events
    to 2.5 inches in diameter possible
    Scattered damaging wind gusts to 70 mph possible
    A tornado or two possible

    SUMMARY…Thunderstorms will increase in coverage through the late
    afternoon and evening across the watch area, with a few supercells
    possible. Large hail is the primary concern, however a tornado or
    two could occur later this evening as well.

    The severe thunderstorm watch area is approximately along and 70
    statute miles east and west of a line from 55 miles northeast of
    Goodland KS to 5 miles east of Elkhart KS. For a complete depiction
    of the watch see the associated watch outline update (WOUS64 KWNS
    WOU3).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 162…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    2.5 inches. Extreme turbulence and surface wind gusts to 60 knots. A
    few cumulonimbi with maximum tops to 500. Mean storm motion vector
    26030.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW3
    WW 163 SEVERE TSTM CO KS 232050Z – 240400Z
    AXIS..70 STATUTE MILES EAST AND WEST OF LINE..
    55NE GLD/GOODLAND KS/ – 5E EHA/ELKHART KS/
    ..AVIATION COORDS.. 60NM E/W /24SW MCK – 40W LBL/
    HAIL SURFACE AND ALOFT..2.5 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 26030.

    LAT…LON 39919965 36990054 36990308 39910229

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU3.

    Watch 163 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (20%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (5%)

    Wind

    Probability of 10 or more severe wind events

    Mod (40%)

    Probability of 1 or more wind events > 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Mod (60%)

    Probability of 1 or more hailstones > 2 inches

    Mod (40%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (90%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News

  • MIL-OSI USA: Colorado Helps Lead Lawsuit to Stop Trump Administration’s Illegal Tariffs that Are Raising Prices, Causing Economic Uncertainty

    Source: US State of Colorado

    President Trump’s tariff tax disaster is creating uncertainty in the economy, and drying up investment by plunging markets into chaos

    COLORADO – Today, Governor Polis and Attorney General Phil Weiser announced that the state will take legal action against the Trump administration over its failed tariff taxes that are destroying our economy, increasing costs on Americans, plunging markets, and putting America on the track to a recession. Colorado joins Oregon, Arizona, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, New York, and Vermont.

    “Tariffs are awful for Americans and our economy, and it’s important to use every legal tool possible to reduce trade barriers and increase prosperity. Today, Colorado is standing up against President Trump’s recessionary tariff tax increase, which has been disastrous and is jeopardizing both U.S. leadership and the world economy. Here in Colorado, tariffs are already hurting Colorado agriculture and small businesses. We will do everything we can legally to prevent tariffs that are bad for businesses and all Americans,” said Colorado Governor Jared Polis.

    Today, Governor Polis hosted Colorado-Mexico Friendship Day and has met with businesses across the state about the negative impacts of Trump’s tariffs on Colorado jobs and the economy.

    “Coloradans are already starting to feel the effects of the Trump tariffs, with rising prices to consumers and the State of Colorado resulting from them,” Weiser said. “Under the Constitution, only Congress has the power to tax and impose tariffs and there is no ‘emergency’ that justifies the Trump tariffs. We are challenging these tariffs in court because they are illegal and, as one study concluded, they will ‘increase inflation, result in nearly 800,000 lost jobs, and shrink the American economy by $180 billion a year’.”

    The lawsuit challenges President Trump’s executive orders calling for higher tariffs on most products worldwide. These tariffs impose a 25 percent tariff on most products from Canada and Mexico, and a 10 percent tariff on most products from the rest of the world. It also challenges President Trump’s plan to raise tariffs on imports from 46 other trading partners on July 9.

    Studies of the tariffs President Trump issued in his first term show that 95 percent of the cost of tariffs are paid by Americans. The Federal Reserve and the International Monetary Fund project that this round of tariffs will cause inflation.

    The lawsuit explains that under Article I of the Constitution, only Congress has the “Power To lay and collect Taxes, Duties, Imposts and Excises.” The executive orders cite the powers granted by the International Emergency Economic Powers Act (IEEPA), but that law applies only when an emergency presents “unusual and extraordinary threat” from abroad and does not give the President the power to impose tariffs. Congress enacted IEEPA in 1977. No President had imposed tariffs based on IEEPA until President Trump did so this year.

    The case is State of Oregon, et al., v. Trump, et al. and was filed in the U.S. Court of International Trade.

    The case is led by Oregon Attorney General Dan Rayfield and Arizona Attorney General Kris Mayes. Also joining the lawsuit are the attorneys general of Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, New York, and Vermont.

    In 2024, Colorado exported a record $10.5 billion of goods to the world and imported $16.8 B in goods. Colorado’s top export partners are Mexico ($1.7B), Canada ($1.6B), China ($0.8B)  South Korea ($0.6B), and Malaysia ($0.6 B), accounting for half of all Colorado exports in 2024. Top export commodities include meat (17%); nuclear reactors, boilers, machinery (15%); electric machinery (13%); optic, photo, medical or surgical instruments (11%); and aircraft, spacecraft, and related parts (5%). In 2022, exports from Colorado supported an estimated 40 thousand jobs.

    Colorado in 2024 exported $500 million in aerospace, spacecraft, and related parts, accounting for roughly 4.8% of all Colorado exports. The European Union, Brazil, France, Canada and Mexico were the top five export destinations, accounting for 63% of Colorado’s aerospace exports. In 2024, Colorado imported $1 billion of aerospace, spacecraft and related parts, accounting for roughly 6.2% of all Colorado imports. Switzerland, the EU, Germany, Canada, and France were the top five import sources, accounting for over 90% of Colorado’s aerospace imports.

    An estimated 820,200 jobs in Colorado are supported by international trade, representing 20.8% of all jobs in the state. Colorado’s top import partners are Canada ($5.4 B), China ($1.8 B), Mexico ($1.1 B), Switzerland ($0.9 B) and Germany ($0.9 B), accounting for 60% of imports in 2024. Top import commodities include oil, mineral fuel (20%); electric machinery (14%); nuclear reactors, boilers, machinery (11%); optic, photo, medical or surgical instruments (8%); and aircraft, spacecraft and related parts (6%).

    In addition to the commodities traded, Colorado also trades services and runs a services trade surplus. In 2022, Colorado exported $16 B in services, supporting 97,260 jobs. Top services export markets were Canada ($1.3 B), the United Kingdom ($0.9 B), Mexico ($0.9 B), and China ($0.6 B). As a bloc, the EU was the top services export market with $3.8 B in services exports supporting over 18,900 jobs.

    ###
     

    MIL OSI USA News

  • MIL-OSI USA: State’s Outdoor Recreation and Conservation Leaders Announce Launch of Colorado’s Outdoors Strategy

    Source: US State of Colorado

    Collaborative vision for conservation, outdoor recreation, and climate resilience ensures an enduring future for generations to come

    COLORADO SPRINGS – Colorado Governor Jared Polis and coordinating partners from several state conservation, outdoor recreation, and climate resilience departments and programs, announced today the launch of Colorado’s Outdoors Strategy, a statewide vision and framework for action that ensures a future where Colorado’s outdoors, people, community character, and ways of life endure for generations to come. The Strategy was unveiled at the Partners in the Outdoors Conference in Colorado Springs. Coordinating partners involved in the Strategy development and rollout included Colorado Parks and Wildlife, Great Outdoors Colorado (GOCO), Colorado Department of Natural Resources, the Colorado Outdoor Recreation Industry Office, and the Governor’s Office of Climate Preparedness & Disaster Recovery.

    Colorado’s Outdoors Strategy, one of the first of its kind in the United States, is the state’s conservation, outdoor recreation, and climate resilience strategy. It advances coordination, tools, and funding to align, prioritize, and implement strategic actions on the landscape for conservation, outdoor recreation, and climate resilience.  

    “Coloradans and our visitors love our great outdoors, and the outdoors are essential to what makes our state special,” said Governor Polis. “The health of our wildlife, biodiversity, people, communities, agriculture, and economies depends on thriving natural environments and amazing outdoor recreation experiences that our state provides. But our wild areas face significant and urgent pressures from growing populations, human disturbance, climate change, wildfires, and drought – and we are at an important crossroads. Our Strategy provides structure and important tools to help communities effectively and successfully plan and implement for the future.”

    Outdoor spaces are vital to residents, with 96% engaging in outdoor activities at least annually and 90 million visitors exploring the state in 2022. With more than 960 wildlife species and a population expected to grow from 5.5 million to 8.5 million by 2050, the Strategy supports Colorado’s efforts to celebrate and balance both conservation and recreation.  Colorado’s Outdoors Strategy has three goals:

    1. Climate-Resilient Conservation and Restoration: Conservation and restoration of lands and waters help wildlife and biodiversity thrive; habitats are resilient and connected; communities benefit from healthy ecosystems and agricultural lands.
    2. Exceptional and Sustainable Outdoor Recreation: A diversity of high-quality outdoor experiences are accessible, equitable, and inclusive; management and stewardship enhance benefits for and minimize impacts to people, landscapes, and communities.
    3. Coordinated Planning and Funding: Planning and implementation are interdisciplinary; supported by robust funding and capacity; inclusive of diverse perspectives and communities; and drive meaningful action for the outdoors.

    “The Strategy supports all who love the outdoors in working together to achieve climate-resilient conservation and restoration coupled with exceptional and sustainable outdoor recreation,” said Jeff Davis, Director, Colorado Parks and Wildlife. “Everyone can use the Strategy’s vision and goals as ‘North Stars’ to champion Colorado’s outdoors and coordinate efforts to achieve key outcomes for the state. The success of Colorado’s Outdoors Strategy hinges on partnerships to work together toward common goals and solutions.”  

    The Strategy comes to life through 9 objectives and 33 coordinating partner actions, along with a Resource Hub, offering free online data, mapping tools, and other resources to support conservation, outdoor recreation, and climate resilience planning. Available to public and private partners, the hub streamlines collaboration and enhances planning efforts for the outdoors. It currently provides:  

    • An interactive data dashboard with state and county scale information, data, and links for conservation, outdoor recreation, and climate resilience.  
    • An interactive plan library that is searchable for federal, regional, state, and county scale conservation, outdoor recreation, and climate resilience plans in Colorado.
    • Planning resources and guidance for conservation, outdoor recreation, and climate resilience.  
    • A statewide Guidance Framework for Tribal Collaboration in Conservation, Outdoor Recreation, and Climate Resilience.  
    • An interactive Equity, Diversity, and Inclusion Resource and Action Guide that is searchable by topic area.  
    • Colorado’s Conservation Data Explorer (CODEX) and StoryMap with conservation, outdoor recreation, and climate resilience mapping tools.  

    Coordinating partners worked to develop the Strategy and Resource Hub over the past year. Other key partners contributed to the effort including state, federal, and local governments; Tribal Nations; private and agricultural land/water rights owners and managers; local communities; Colorado Regional Partnerships Initiative; Colorado Outdoor Partnership; and diverse private and public sector partners in conservation, restoration, outdoor recreation, stewardship, climate resilience, and equity, diversity, and inclusion.  

    “Colorado’s Outdoors Strategy is a bold, collaborative vision for the future of our state’s great outdoors. With leadership from the Department of Natural Resources, Great Outdoors Colorado, Colorado Parks and Wildlife, the Outdoor Recreation Office, and the Governor’s office, we’ve developed an innovative framework that will guide how we protect and steward Colorado’s landscapes — making them more climate-resilient, while also ensuring exceptional recreational opportunities are accessible to all. Our outdoors are more than just playgrounds — they are the heart of our Colorado way of life. But they’re under pressure — from population growth, increasing visitation, climate change, wildfires, and drought. To help tackle these challenges, we’ve spent the last few years listening — to communities, to experts, to everyday Coloradans — and crafting a strategy that reflects our shared commitment to protecting what makes this state so special. We’re proud of the work that’s been done, and even more excited about what comes next,” said Dan Gibbs, Executive Director, Colorado Department of Natural Resources.

    “As Colorado’s significant outdoor industry continues to grow, the Colorado Outdoor Strategy offers a vital roadmap for balancing economic opportunity with environmental stewardship and conservation. It empowers communities, businesses, and land managers to work together in building a future where our landscapes are resilient, recreation is sustainable, and access is equitable. This strategy reflects our shared belief that the outdoors are central to Colorado’s identity, economy, and way of life—and that we all have a role in protecting them,” said Conor Hall, Director, Colorado Outdoor Recreation Industry Office.

    “Colorado’s Outdoors Strategy boosts Colorado’s technical chops, partner collaboration and funding menu to answer the question; how do we ensure our wild places, wildlife and wild opportunities thrive even while accounting for a changing climate and growing state. The Office of Climate Preparedness is proud to see this multi-year effort launch, advancing Colorado’s preparedness for a climate impacted future, building a state of the art technical foundation, on which state, local and federal partnerships can work together to realize a flourishing future for Colorado’s outdoors,” said Jonathan Asher, Director, Governor’s Office of Climate Preparedness & Disaster Recovery.

    “Colorado’s outdoor champions are showing their strength. The strategy is a testament to the power of partnership. United by a shared vision and leveraging the best available research, data, and resources, we are equipped to make decisions that will protect Colorado’s landscapes, foster vibrant communities, and improve Coloradans’ quality of life for years to come,” said GOCO’s Executive Director Jackie Miller. “We’ve accomplished so much already, and we’re just getting started.”  

    “The Nature Conservancy in Colorado is proud to have offered our science, insights, and expertise to help develop Colorado’s Outdoors Strategy. We are excited to be part of this historic milestone for conservation, outdoor recreation, and climate resilience, and we believe it will have far-reaching and meaningful impacts to benefit our lands, waters, recreation, and economy. Efforts like Colorado’s Outdoors Strategy show that we can work together to find solutions that benefit people and nature,” said Carlos Fernández, Colorado State Director, The Nature Conservancy.

    “The Strategy’s Guidance Framework for Tribal Collaboration offers a much-needed approach to ensuring that Tribes are actively involved in decision-making processes, and we appreciate the opportunity to contribute our expertise and traditional knowledge to help shape the direction of this work. By supporting this framework, our focus is to enhance Tribal participation in land and water management decisions, protect sacred lands, and preserve ecosystems that are vital to the health and well-being of our communities,” said Chairman Melvin J. Baker of the Southern Ute Indian Tribe.

    “To plan for recreation and conservation as separate pursuits would be like planting two halves of a tree on opposite sides of the forest — they will grow at the same time, but they will never form the same canopy. The health of the land requires harmony, not division. The Colorado Outdoor Strategy offers a way to manage the needs of wildlife and the wanderings of people in concert,” said Patt Dorsey, West Region Director of Conservation Operations, National Wild Turkey Federation.

    “Colorado’s Outdoors Strategy is a voluntary collaborative partnership for agriculture, conservation and recreation possibilities, whilst safeguarding Agriculture integrity and productivity,” said Tony Hass, Las Animas County Commissioner and Manager, Walking Y Ranch.

    “I am immensely grateful to have been chosen as a member of the Colorado Outdoors Strategy Steering Committee. The Strategy has the potential of memorializing a comprehensive approach to the symbiotic relationship between recreation and conservation that exists in Colorado and fairly makes this state a mecca for high quality experiences,” said Janelle Kukuk, Former State Trails Member, snowmobile at-large.

    “Colorado’s Outdoors Strategy represents years of hard work by countless communities, organizations and individuals, but more importantly it represents a collective commitment to look forward in a proactive and inclusive manner to avoid the mistakes of our past. Our ability to address the challenges of climate change, wildlife habitat loss and fragmentation, and fostering equitable and inclusive outdoor recreation opportunities requires collaboration from all stakeholders and Colorado’s Outdoors Strategy provides the framework for our local Regional Partnership Initiatives to envision what they want their communities to invest in for the future, a future that all Coloradans now have a stake in because of the Strategy,” said Luke Shafer, West Slope Director, Conservation Colorado.

    “Envision is excited to see Colorado’s Outdoors Strategy launch. Since 2016, Envision has been listening to residents and visitors and taking action with community and agency partners to sustain the healthy forests, waters, wildlife, working agricultural landscapes and exceptional outdoor recreation that make Chaffee County and Colorado such a special place to live and to visit. The Strategy offers a statewide framework to connect and empower grassroots efforts and organizations like ours to do more to protect the Colorado we love together,” said Cindy Williams, Chair, Envision Chaffee County.

    “Strategic approaches have been the cornerstone for much of the success around land conservation and outdoor recreation state-wide. Colorado’s Outdoors Strategy represents a cohesive and forward thinking approach to how we continue to balance the conservation of key landscapes that characterize the beauty and sustainability of our state while at the same time providing for meaningful outdoor experiences,” said Daylan Figgs, Director, Larimer County Natural Resources.

    “Colorado’s Outdoors Strategy cohesively aligns with Larimer County’s vision for the future by outlining a pathway to conserve its vibrant natural resources and valuable outdoor experiences. It is clear the challenges we face as a state are not unique to any one of us alone. The Strategy guides our future as partners in solving issues collectively, strengthening our resiliency as we face the future,” said Jody Shadduck-McNally, Larimer County Commissioner.

    “COS is a transformative path to a future where Colorado’s nature, people, and ways of life endure and thrive. The Colorado Natural Heritage Program is proud to have been a partner on the project team, helping to build a legacy of planning tools to inform decision-making in climate-resilient conservation, exceptional and sustainable outdoor recreation, and coordinated planning and funding. We are thrilled to host the map layers from COS on Colorado’s Conservation Data Explorer (CODEX), a collaborative space where all Coloradans can explore these tools and use them to drive sustainable investment in Colorado’s future. CNHP will use COS tools across our program, including our five-year Statewide Natural Heritage Survey, in which we are leveling up Colorado’s conservation data in the service of the COS, the Regional Partnership Initiative, and all of Colorado’s communities,” said David Anderson, Director and Chief Scientist, Colorado Natural Heritage Program, Colorado State University.

    “The love of the outdoors brings Coloradoans together. The COS is a voluntary partnership and tool that will help communities and regions celebrate and enhance access to Colorado’s innate natural beauty,” said Kelly Flenniken, Executive Director, Colorado Counties, Inc.

    “I am thrilled to see the release of Colorado’s Outdoors Strategy after years working with stakeholders from around the state to address community needs and find a balance between conservation and outdoor recreation. BLM depends on partnerships with the state and local communities to meet the needs of the over 10 million visitors each year to BLM public lands, which generate over $1.5 billion in economic impact each year. This new strategy continues Colorado’s leadership in fostering collaboration between hunters, anglers, boaters, climbers, equestrians, mountain bikers, OHVers, and so many more partners, to steward our incredible public lands,” said Doug Vilsack, Colorado State Director, Bureau of Land Management.

    “Colorado has thousands of miles of incredible rivers that hundreds of thousands of residents and visitors flock to every year. American Whitewater is very excited about the direction and guidance Colorado’s Outdoors Strategy will provide. This effort is sure to protect our incredible recreational resources and vital ecosystems for many future generations,” said Hattie Johnson, Southern Rockies Restoration Director, American Whitewater.

    “COS provides navigational guidance and robust tools to integrate wildlife conservation needs and outdoor recreation desires,” said Suzanne O’Neill, Colorado Wildlife Federation.

    “Colorado’s Outdoors Strategy was born to help Coloradans enjoy robust wildlife populations, awe-inspiring landscapes, fulfilling recreational opportunities, and strong economies. But this future is only possible through informed planning followed by strategic action that avoids, minimizes, and mitigates adverse impacts to important habitats. Colorado’s Outdoors Strategy helps pave the way for community-developed, interdisciplinary plans that simultaneously conserve our wildlife and wild places and support sustainable recreation for all people,” Liz Rose, Colorado Program Manager, Theodore Roosevelt Conservation Partnership.

    “We at the Pikes Peak Outdoor Recreation Alliance are excited to see the launch of Colorado’s Outdoors Strategy for so many reasons. Among them, in our own partnerships, we’ve been able to utilize the data collection and resources that will now be available to us across the state. We leveraged the Strategy’s statewide conservation summary data and worked with local expertise to build a Pikes Peak Region conservation summary, which will inform planning and decision making moving forward. The Strategy’s north star goals support exceptional recreation and exceptional conservation of our natural resources. Our regional partnership’s advancement of a new land management partnership on Pikes Peak – America’s Mountain will support the Strategy, and we look forward to seeing it develop,” said Becky Leinweber, Executive Director, PPORA leading Outdoor Pikes Peak Initiative.

    Moving forward, Colorado Parks and Wildlife will steward Colorado’s Outdoors Strategy by coordinating collaborative leadership and implementation with GOCO, the Department of Natural Resources, Outdoor Recreation Industry Office, and the Governor’s Office, along with other agencies and partners.

    For more information, or to access Colorado’s Outdoors Strategy Resource Hub, visit the website.

    ###
     

    MIL OSI USA News

  • MIL-OSI USA: Illuminating NYS Landmarks for Work Zone Awareness Week

    Source: US State of New York

    overnor Kathy Hochul today announced 13 State landmarks will be illuminated orange for “Go Orange Day” and to commemorate National Work Zone Awareness Week.

    “Safety for all New Yorkers is my top priority, especially those who have dedicated their careers to ensuring that our roadways are well maintained and safe for motorists,” said Governor Hochul. “This year, I encourage all New Yorkers to do their part by reducing speed, eliminating distractions and staying vigilant in work zones so that our hard-working and dedicated roadside workers are safe.”

    On Monday, Governor Hochul highlighted April 21-25, 2025 as National Work Zone Awareness Week. Throughout the week, the New York State Thruway Authority and State Department of Transportation will be hosting awareness events, lighting digital highway signs with safety messages and sharing important safety reminders on social media platforms. This continues the Governor’s commitment to traffic safety, from launching the public awareness campaign, “Slow Down, Move Over” and signing a bill to expand the “Move Over” law in 2023.

    Governor Hochul has proposed making the Automated Work Zone Speed Enforcement pilot program permanent and increasing penalties for repeat violators in her Fiscal Year 2026 Executive Budget, in addition to expanding the program to include Metropolitan Transportation Authority (MTA) Bridges and Tunnels and New York State Bridge Authority properties. Additionally, the Governor has proposed enhancing penalties for assaults against transportation workers, extending protections similar to those provided to many MTA and retail workers. These actions will improve safety for both highway workers and drivers.

    New York State Department of Transportation Commissioner Marie Therese Dominguez said, “The lighting of state landmarks as part of ‘Go Orange Day’ is a fitting tribute to the highway workers across New York who work every day in dangerous conditions to make our roads and bridges safe for all New Yorkers. I thank Governor Hochul for her ongoing commitment to protect our state highway workers by supporting the work zone speed camera program and encouraging all motorists to exercise extreme caution in work zones across New York State.”

    New York State Thruway Authority Executive Director Frank G. Hoare said, “We express our gratitude to Governor Hochul for emphasizing and raising awareness about work zone safety. The Governor’s leadership and commitment to expanding New York’s Move Over Law, proposing to make the Automated Work Zone Speed Enforcement program permanent, and increasing penalties for repeat offenders are crucial measures in safeguarding our hardworking individuals and ensuring they return home safely each day.”

    State Senator Lea Webb said, “As a champion of the ‘Move Over’ law which promotes driver and transportation safety, I’m proud that New York is standing up for our roadside workers. Seeing our state landmarks glow orange tonight is a powerful reminder of the men and women who risk their lives every day to keep our roads safe and accessible. It’s more than just a show of light – it’s a beacon of respect, appreciation and a call to action.”

    State Senator Jeremy Cooney said, “As chair of the NYS Senate Transportation Committee, ensuring the safety of New York’s roadside workers is a top priority. By slowing down and practicing extra caution in work zones, we can do our part to ensure our dedicated roadside workers return home safely each night. I’m proud to support Governor Hochul’s ‘Move Over Law’ to make our roads safer for both motorists and workers.”

    Assemblymember Bill Magnarelli said, “Work Zone safety continues to be a priority for me as Chair of the Transportation Committee. In 2021, I was proud to sponsor and get passed into law legislation creating a pilot program for the use of speed cameras in work zones. Our workers deserve a safe working environment and to safely go home to their families at the end of their shifts.”

    Landmarks to be lit include:

    • 1WTC
    • Governor Mario M. Cuomo Bridge
    • Kosciuszko Bridge
    • The H. Carl McCall SUNY Building
    • Alfred E. Smith State Office Building
    • Empire State Plaza
    • State Fairgrounds – Main Gate & Expo Center
    • Niagara Falls
    • The “Franklin D. Roosevelt” Mid-Hudson Bridge
    • Albany International Airport Gateway
    • MTA LIRR – East End Gateway at Penn Station
    • Fairport Lift Bridge over the Erie Canal
    • Moynihan Train Hall

    MIL OSI USA News

  • MIL-OSI Security: High-Ranking Tren de Aragua Member in Custody on Terrorism and International Drug Distribution Charges

    Source: Office of United States Attorneys

    A five-count superseding indictment has been unsealed today charging a Venezuelan national and alleged high-ranking member of the designated foreign terrorist organization Tren de Aragua (TdA).  

    Jose Enrique Martinez Flores also known as “Chuqui,” 24, is charged in the Southern District of Texas (SDTX) with conspiring to provide and providing material support to a designated foreign terrorist organization as well as conspiracy and distribution of cocaine in Colombia intended for distribution in the United States.

    “TdA is not a street gang – it is a highly structured terrorist organization that put down roots in our country during the prior administration,” said Attorney General Pamela Bondi. “Today’s charges represent an inflection point in how this Department of Justice will prosecute and ultimately dismantle this evil organization, which has destroyed American families and poisoned our communities.”

    “For the past few years, foreign gangs like TdA have more or less been able to enter the country with impunity, coming here to distribute deadly drugs and terrorize American citizens,” said U.S. Attorney Nicholas J. Ganjei for the SDTX. “That ends now. This Department of Justice is committed to uprooting this terrorist gang, dismantling its criminal operations, and either imprisoning its members or removing them from the country. SDTX is proud to lead this fight.”

    “TdA is a direct threat to our national security, to our communities, and to Americans,” said FBI Director Kash Patel. “Together with our law enforcement partners, the FBI continues in our pursuit to eliminate this violent terrorist organization from our streets, and today’s announcement makes it clear that these criminals, especially the leaders of these cartels, have no place in our country.”

    “This joint Drug Enforcement Administration (DEA)-FBI operation — alongside partners in the United States and Colombia — is further evidence that we must continue to focus our efforts on members of TdA who continue to pump poison into our communities,” said DEA Acting Administrator Derek Maltz. “This is another example of DEA’s tenacity to hunt these networks down, wherever they operate, and crush their evil grip on American lives.”

    Colombian authorities arrested Flores in Colombia March 31 pursuant to a provisional arrest warrant the United States had requested. He remains in custody in Colombia pending further proceedings. 

    A federal grand jury in Houston returned the superseding indictment April 8. 

    According to the allegations, Flores is charged with one count of conspiring to provide material support to TdA in the form of personnel (including himself) and services and one count of providing material support to TdA. The indictment also alleges one count of international drug distribution conspiracy based on his involvement in the distribution of five kilograms of cocaine or more, and two substantive counts of international drug distribution.

    The Department of State designated TdA as a foreign terrorist organization and Specially Designated Global Terrorist Feb. 20. 

    According to information presented to the court, Flores is a high-ranking TdA leader in Bogota, Colombia, and is part of the inner circle of senior TdA leadership.

    Flores also allegedly caused the delivery of approximately five kilograms or more of cocaine for international distribution, proceeds that were used to further TdA’s criminal goals. 

    If convicted, he faces a maximum penalty of life in prison and a $10 million fine. 

    The FBI Houston Field Office and DEA conducted the investigation with the assistance of the Houston Police Department, the Harris County Sheriff’s Office, Colombian National Police and the Colombian Attorney General’s Office (Fiscalía General de la Nación). The Justice Department’s Office of International Affairs and the Criminal Division’s Narcotic and Dangerous Drug Section’s Office of Judicial Attaché in Bogotá, Colombia, provided significant assistance. 

    Assistant U.S. Attorneys Casey N. MacDonald and Anibal J. Alaniz of the SDTX are prosecuting the case along with Deputy Director David C. Smith from the Department of Justice’s Joint Task Force Vulcan (JTFV). 

    JTFV was created in 2019 to eradicate MS-13 and now expanded to target TdA and is comprised of U.S. Attorney’s Offices across the country. Those include SDTX; Southern and Eastern Districts of New York; Northern District of Ohio; Districts of New Jersey, Utah, Massachusetts, Nevada and Alaska; Eastern District of Texas; Southern District of Florida; Eastern District of Virginia; Southern District of California; and the District of Columbia, as well as the Department of Justice’s National Security Division and the Criminal Division. Additionally, the FBI; DEA; U.S. Immigration and Customs Enforcement Homeland Security Investigations; Bureau of Alcohol, Tobacco, Forearms and Explosives; U.S. Marshals Service; and the Federal Bureau of Prisons have been essential law enforcement partners with JTFV.

    This case is also a 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.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

     

    MIL Security OSI

  • MIL-OSI Security: FBI Joint Terrorism Task Force Turns 45 – Dallas Division Reflects on Past Success, Continues Vigilance

    Source: Office of United States Attorneys

    DALLAS – This week, Special Agent in Charge (SAC) R. Joseph Rothrock is joining FBI offices around the country in marking the 45th anniversary of the FBI’s first Joint Terrorism Task Force (JTTF). Formed in New York in 1980, the first JTTF became a model for law enforcement cooperation across the nation.

    JTTFs can be found at each of the FBI’s 55 field offices and many resident agencies—around 280 locations in all. The Dallas Field Office organized the North Texas JTTF in 1995 and it is comprised of dozens of investigative personnel from more than 20 agencies across the Division’s territory.

    JTTFs gather trained investigators, intelligence analysts, linguists, and tactical experts from federal, state, local, territorial, tribal law enforcement and intelligence agencies. Task force members share intelligence and investigative leads and respond to threats and incidents.

    “We know from each potential crisis or thwarted attack that we cannot do this job alone,” said SAC Rothrock. “Each member of the North Texas JTTF brings unique skills and specialized resources from their agency to enhance our collective investigative capabilities. We are proud to work side-by-side with our partners in the fight against terrorism, and will continue to vigorously defend the Dallas Division’s territory.”

    The FBI’s JTTF model dates to 1979, when the New York Police Department and the FBI’s New York Field Office created a joint task force to tackle violent bank robberies. They imitated the model in 1980, when terrorist bombings, bomb threats, and other violence plagued the city, and announced the formation of the first JTTF in April 1980.

    “The JTTF has proven to be a world class model of what can be accomplished when law enforcement resources from federal, state, and local agencies converge to combat terrorism and disrupt the plans of evil actors throughout the United States,” said Eastern District of Texas Acting U.S. Attorney Abe McGlothin, Jr. “The JTTF has been called upon to investigate some of the most horrific acts of violence imaginable and we should all be thankful for the work the JTTF does daily to keep communities across the United States safe.”

    After the 9/11 attacks, FBI leadership directed all FBI field offices to establish a JTTF. In addition, the FBI established its National Joint Terrorism Task Force to support the local task forces in June of 2002. The NJTTF, at FBI Headquarters, enhances communication, coordination, and cooperation from partner agencies.

    “This Office depends on the critical work of the JTTF in keeping Americans safe,” said Acting U. S. Attorney Chad E. Meacham. “We applaud the JTTF’s decades of significant efforts in partnership with the USAO-NDTX.”

    Nationally, JTTFs have disrupted dozens of plots in the past four decades. Notable investigations in Dallas’ territory include:

    •    Hosam Maher Husein Smadi: Sentenced to 24 years in prison for his attempted bombing of a downtown Dallas skyscraper in September 2009. According to documents filed, Smadi knowingly took possession of a truck that contained a weapon of mass destruction, and while the bomb was inert when Smadi took possession of it, it was a readily-convertible weapon of mass destruction.

    •    Khalid Ali-M Aldawsari: Sentenced to life in prison for the attempted use of a weapon of mass destruction in connection with his 2011 purchase of chemicals and equipment necessary to make an improvised explosive device (IED) and his research of potential U.S. targets, including persons and infrastructure.

    •    Omer Kuzu: Pleaded guilty in 2020 to conspiring to provide material support to terrorism. In March 2019, Kuzu was captured by the Syrian Democratic Forces, alongside 1,500 suspected ISIS fighters.  He was handed over to FBI custody, returned to American soil, and charged with conspiring to provide material support to ISIS.  

    Report suspicious activity to 1-800-CALL-FBI (225-5324). You can also submit a tip online at tips.fbi.gov tips.fbi.gov.
     

    MIL Security OSI

  • MIL-OSI: Ninepoint Partners Announces Estimated April 2025 Cash Distributions for Ninepoint Cash Management Fund – ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 23, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the estimated April 2025 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the “Fund”). Ninepoint Partners expects to issue a press release on or about April 29, 2025, which will provide the final distribution rate. The record date for the cash distribution is April 30, 2025, payable on May 7, 2025.

    All estimates in this document are based on the accounting data as of April 22, 2025. Due to subscriptions and/or redemptions and/or other factors, the final April 2025 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice.

    The actual taxable amounts of distributions for 2025, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2026. Securityholders can contact their brokerage firm for this information.

    The per-unit estimated April 2025 distribution is detailed below:

    Ninepoint ETF Series Ticker Cash Distribution per unit Notional Distribution per unit CUSIP
    Ninepoint Cash Management Fund NSAV $0.11828 $0.00000 65443X105
             

    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    The MIL Network

  • MIL-OSI: Picton Mahoney Asset Management Announces Risk Rating Changes to Certain Picton Mahoney Fortified Alternative Funds

    Source: GlobeNewswire (MIL-OSI)

    Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

    TORONTO, April 23, 2025 (GLOBE NEWSWIRE) — Picton Mahoney Asset Management (“Picton Mahoney”), the manager of the Picton Mahoney Fortified Market Neutral Alternative Fund (TSX: PFMN) and the Picton Mahoney Fortified Inflation Opportunities Alternative Fund (collectively, the “Funds”), announced that effective today, the risk ratings of the Fund have changed as follows:

    Fund New Risk Rating Previous Risk Rating
    Picton Mahoney Fortified Market Neutral Alternative Fund Low Low-to-Medium
    Picton Mahoney Fortified Inflation Opportunities Alternative Fund Medium High

    There are no changes to the investment objectives, strategies or management of the Funds associated with the new risk ratings.

    The risk rating changes are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. Picton Mahoney reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review and are not the result of any changes to the investment objectives, strategies or management of the funds.

    To learn more about Picton Mahoney’s full suite of funds, visit www.pictonmahoney.com.

    About Picton Mahoney
    Picton Mahoney Asset Management specializes in differentiated investment solutions and rules-based volatility management. Picton Mahoney helps its clients fortify their portfolios based on experience honed over the years through different market cycles and investing environments.

    Founded in 2004 and 100% employee-owned, Picton Mahoney is a portfolio management boutique entrusted with over $13.6 billion (as at March 31, 2025) in assets under management. Pioneers of Authentic Hedge® investment principles and practices in Canada, the firm offers a full suite of investment solutions, including mutual and alternative funds, to institutional and retail investors across the country.

    Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative mutual funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.

    For further information:
    Leisha Roche, Chief Marketing Officer, Picton Mahoney Asset Management
    Tel: (416) 955-4108
    Email: service@pictonmahoney.com
    Website: www.pictonmahoney.com

    The MIL Network

  • MIL-OSI USA: Wittman, Warner, Kaine Call for Stronger Oversight of Nursing Homes Following Troubling Reports in Colonial Heights

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine
    Published: April 23 2025

    WASHINGTON, D.C. – Today, Congressman Rob Wittman (VA-01), Senator Mark Warner (D-VA), and Senator Tim Kaine (D-VA) called on the Centers for Medicare and Medicaid Services (CMS) to conduct enhanced oversight of nursing homes and implement stronger safeguards to protect seniors in the wake of alarming reports of alleged abuse, neglect, and falsified records coming out of Colonial Heights Rehabilitation and Nursing Center. 
    “These reports are simply heartbreaking; it is critical that our seniors receive the quality care they’ve earned and deserve,” the letter states. “We share the same goal of quality care for all seniors, and it is critical that we conduct rigorous review of the reports at Colonial Heights Rehabilitation and Nursing Center. … We look forward to working with CMS to improve Medicare for all Americans to ensure accountability and transparency in all Medicare expenditures.”
    Their letter references a December 2024 report from the U.S. Department of Health and Human Services Office of Inspector General (HHS OIG), which found that half of the sampled Skilled Nursing Facilities (SNFs) failed to properly adjust related-party costs in their Medicare reporting—resulting in over $1.7 million in overstated costs.
    Read the full letter here and below.

    MIL OSI USA News

  • MIL-OSI USA: BREAKING: Rep. Mary Miller Calls for Investigation into Illinois High School Association’s Dangerous Policies

    Source: United States House of Representatives – Congresswoman Mary Miller (IL-15)

    FOR IMMEDIATE RELEASE

    DATE: April 23, 2025
    CONTACT: Gabriel Spencer, Gabriel.spencer@mail.house.gov

    WASHINGTON, D.C. — Congresswoman Mary Miller (IL-15) sent a letter to Attorney General Pam Bondi and Secretary of the Department of Education Linda McMahon, urging an immediate investigation into the Illinois High School Association (IHSA) and the State of Illinois for actions that undermine fairness and safety in girls’ sports. In the letter, Rep. Miller cites blatant violations of federal law and the rejection of biological reality as grounds for urgent federal investigation.

    Read the Fox News Exclusive HERE.

    “The Illinois High School Association has crossed a dangerous line. By blatantly violating federal law and rejecting biological reality, they are not only undermining fairness in girls’ sports — they’re putting the safety of young women at risk,” said Congresswoman Mary Miller. “I’m calling on Attorney General Pam Bondi and Secretary Linda McMahon to launch an immediate investigation into the IHSA and the State of Illinois. Governor JB Pritzker and radical Illinois Democrats must be held accountable for enforcing abusive, anti-science gender policies ahead of the safety of our daughters and the fairness of girls’ sports.”

    Read the letter to Attorney General Bondi and Secretary McMahon HERE.

    Congresswoman Mary Miller introduced H.R. 2452, the Keep Our Girls Safe Act. This legislation would codify President Trump’s Executive Order 14201 and strip federal funding from any school that defies the commonsense protections for women and girls established under President Trump’s leadership.

    Congresswoman Miller currently serves as Chair of the Congressional Family Caucus and sits on the House Committees on Agriculture, Education and Workforce, and House Administration.

    Website: Marymiller.house.gov | X: @RepMaryMiller | Facebook: @RepMaryMiller

    ###

    MIL OSI USA News

  • MIL-OSI USA: Wyden, Merkley Co-Sponsor Bills to Permanently Protect the Pacific and Atlantic Oceans from Offshore Drilling

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    April 23, 2025

    Wyden co-sponsors additional Merkley-led bill to protect the Arctic Ocean

    Washington, D.C. —U.S. Senators Ron Wyden and Jeff Merkley today announced they are co-sponsoring two bills that would permanently protect the Pacific and Atlantic oceans from the environmental and economic costs of fossil fuel drilling off our coastal shores. Merkley also led a bill to prohibit drilling in the Arctic, which Wyden also co-sponsored.  

    “The U.S. simply does not need to drill in the coastal waters of the Pacific. We have more than enough clean energy resources without putting Oregon’s outdoor recreation and seafood industries at risk,” Wyden said. “These bills are all about looking out for small businesses that depend on tourism and the fishing industry, rather than capitulating to the ‘oiligarchs’ whose only goal is to fatten their wallets, no matter the environmental and economic toil it could bring to our shores.”    

    “Offshore drilling guarantees future oil spills with devastating consequences: from oiled beaches to catastrophic damage to tourism, commercial sport fishing, and ocean ecosystems,” Merkley said. “Trump’s Dirty Energy First strategy would see his administration expand offshore drilling—all to enrich billionaire corporate polluters—but Senator Wyden and I are leading the charge to protect the Oregon Coast and beyond from dangerous offshore oil and gas drilling.”

    The West Coast Protection Act would permanently prohibit new oil and gas leases for drilling off the coast of California, Oregon, and Washington. 

    The Clean Ocean and Safe Tourism (COAST) Anti-Drilling Act would permanently prohibit the U.S. Department of the Interior from issuing leases for the exploration, development, or production of oil and gas in the North Atlantic, Mid-Atlantic, South Atlantic, and Straits of Florida Planning Areas of the U.S. Outer Continental Shelf.

    The Stop Arctic Ocean Drilling Act, led by Merkley, would permanently ban new or renewed leases for oil, gas, or mineral extraction in the Arctic Ocean Planning Areas of the Outer Continental Shelf, protecting one of the planet’s most fragile ecosystems. 

    This legislation comes following the 15th anniversary of the Deepwater Horizon oil spill, which resulted in the deaths of 11 workers, 134 million gallons spilled into the Gulf of Mexico over 87 days, the demise of thousands of marine mammals and sea turtles, and billions of dollars in economic losses from the fishing, outdoor recreation, and tourism industries.

    “The Pacific west coast economy provides over $80 Billion in GDP via industries like tourism, outdoor recreation, fishing, retail, and real estate, supporting more than 825,000 jobs. And BAPPC’s 8,100 business members rely on a clean ocean to drive their revenues and provide for their customers, employees and families. We strongly support the West Coast Protection Act and other legislation to prohibit new offshore drilling and protect our businesses by prioritizing a healthy coastal ecosystem,” said Grant Bixby, Founding Member, The Business Alliance for Protecting the Pacific Coast.

    In addition to Wyden and Merkley, the West Coast Protection Act is cosponsored by Senators Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Edward J. Markey (D-Mass.), Patty Murray (D-Wash.), Bernie Sanders (I-Vt.), Adam Schiff (D-Calif.), and Sheldon Whitehouse (D-R.I.) and led by Senator Alex Padilla (D-Calif.). 

    The COAST Anti-Drilling Act, led by Senators Cory Booker (D-NJ) and Jack Reed (D-R.I.), is co-sponsored by Wyden and Merkley, along with Senators Richard Blumenthal (D-Conn.), Chris Coons (D-Del.), Angus King (I-Maine), Markey, Sanders, Jeanne Shaheen (D-N.H.), Chris Van Hollen (D-Md.), Elizabeth Warren (D-Mass.), and Whitehouse.

    Merkley’s Stop Arctic Ocean Drilling Act was co-sponsored by Markey, Blumenthal, Sanders, and Warren, in addition to Wyden. 

    Full text of the West Coast Protection Act is here. 

    Full text of the COAST Anti-Drilling Act is here. 

    Full text of the Stop Arctic Drilling Act is here. 

    MIL OSI USA News

  • MIL-OSI USA: Over 500 Justice and Behavioral Health Professionals Attend 2025 Criminal Justice Conference Emphasizing Collaboration and Resiliency

    Source: US State of Pennsylvania

    April 23, 2025State College, PA

    Over 500 Justice and Behavioral Health Professionals Attend 2025 Criminal Justice Conference Emphasizing Collaboration and Resiliency

    The Pennsylvania Commission on Crime and Delinquency (PCCD) kicked off the 2025 Criminal Justice Advisory Board (CJAB) Conference in State College. The two-day event brought together over 530 criminal justice and behavioral health professionals from across the Commonwealth, the largest gathering since the conference’s inception in 2007. Throughout the conference, participants engaged in discussions on new and reemerging issues impacting the criminal justice and behavioral health systems and innovative solutions to address evolving trends.

    Under the Shapiro-Davis Administration, the Commonwealth has achieved notable improvements in public safety. According to data released by CeaseFirePA, Pennsylvania has seen a 42% decrease in total victims of gun violence statewide, and a 38% drop in gun deaths by firearm since 2022. These outcomes reflect the impact of intentional, cross-system collaboration among law enforcement, behavioral health and criminal justice professionals, community-based organizations, courts, and policymakers.

    MIL OSI USA News

  • MIL-OSI USA: Shapiro Administration and Local Partners in Lancaster County Celebrate Stream Restoration Investments to Little Conestoga Creek

    Source: US State of Pennsylvania

    April 23, 2025Lancaster, PA

    Shapiro Administration and Local Partners in Lancaster County Celebrate Stream Restoration Investments to Little Conestoga Creek

    Pennsylvania Department of Environmental Protection (DEP) Acting Secretary Jessica Shirley and members of the Lancaster Clean Water Partners gathered at the Blue Green Connector Project today to celebrate stream and floodplain restoration investments on Little Conestoga Creek, including more than $4 million in state funds, through the ongoing work of an innovative partnership led by the Little Conestoga Creek Foundation and Steinman Foundation.

    The Blue Green Connector in Lancaster County is a prime example of how sustained investments through programs like Growing Greener are restoring watersheds, reducing pollution, and increasing outdoor recreational opportunities across Pennsylvania’s share of the Chesapeake Bay Watershed. Acting Secretary Jessica Shirley and project partners offered remarks and toured a stream restoration site as part of DEP’s Earth Week events.

    “DEP is proud to be part of the ongoing effort to restore Little Conestoga Creek, reduce pollution, improve flood resiliency, and create the Blue Green Connector. This project will provide environmental education in a recreational setting, strengthening the community’s connection to nature,” said Acting DEP Secretary Jessica Shirley. “Children who have meaningful environmental experiences become better stewards of our natural resources as adults, so it was fitting to visit this project serving an Environmental Justice area as we celebrate Earth Week.”

    Speakers Include:
    Shane Zimmerman – CEO of The Steinman Foundation
    Allyson Gibson – Executive Director of Clean Water Partners
    Jessica Shirley – Acting Secretary of Department of Environmental Protection (DEP)

    MIL OSI USA News

  • MIL-OSI USA: ERIE – Governor Shapiro to Visit Erie Fire Department to Discuss Proposed Investments to Support Firefighters

    Source: US State of Pennsylvania

    April 24, 2025Erie, PA

    ADVISORY – ERIE – Governor Shapiro to Visit Erie Fire Department to Discuss Proposed Investments to Support Firefighters

    Governor Josh Shapiro will visit Erie Fire Department to discuss his Administration’s commitment to investing in and supporting Pennsylvania’s first responders and firefighters – outlining key proposals in his 2025-26 proposed budget aimed at strengthening fire companies throughout the Commonwealth, including a new $30 million grant program to help fire companies purchase life-saving equipment, recruit and retain firefighters, and meet their unique needs.

    As the Governor and his family witnessed firsthand, Pennsylvania’s professional and volunteer firefighters continue their heroic efforts to respond to crises – running towards danger to keep people safe.

    WHO:
    Governor Josh Shapiro
    Mayor Joe Schember
    Chief Leonard Trott, Erie Bureau of Fire
    Bob Brooks, President of the Pennsylvania Professional Fire Fighters Association

    WHEN:
    Thursday, April 24, 2025 at 11:30 AM
    *Press conference and livestream will begin after a tour of the fire department.

    WHERE:
    Erie Fire Department
    208 W. 12th Street,
    Erie, PA 16501

    LIVE STREAM:
    pacast.com/live/gov
    governor.pa.gov/live/

    RSVP:
    Press who are interested in attending must RSVP with the names and phone numbers for each member of their team to ra-gvgovpress@pa.gov.

    MIL OSI USA News

  • MIL-OSI USA: PITTSBURGH – Shapiro Administration Highlights $2.4 Million Youth Workforce Investment During Roundtable with Boys & Girls Club of Western PA

    Source: US State of Pennsylvania

    April 24, 2025McKeesport, PA

    ADVISORY – PITTSBURGH – Shapiro Administration Highlights $2.4 Million Youth Workforce Investment During Roundtable with Boys & Girls Club of Western PA

    Department of Labor & Industry Secretary Nancy A. Walker will highlight the Shapiro Administration’s $2.4 million investment in the Schools-to-Work Program to expand career pathways for high school students across the Commonwealth during a visit to the Boys & Girls Club of Western Pennsylvania’s Teen Center in McKeesport for a roundtable discussion with students, legislators, employers, and community partners.

    One of the programs launching with a $250,000 investment is Cybersecure Pittsburgh, a new Schools-to-Work initiative led by Partner4Work. In partnership with Boys & Girls Club, Urban Pathways Charter School, and Phase 4 Learning Center, this pre-apprenticeship program will help high school juniors and seniors explore tech careers through classroom instruction, hands-on learning, and industry-recognized credentials.

    WHEN:
    Thursday, April 24, at 4:00 PM

    WHERE:
    The Club Teen Center, McKeesport is located at 1305 Fifth Ave, McKeesport PA 15132

    RSVP:
    Media interested in attending should RSVP to dlipress@pa.gov with the names and phone numbers for each member of their team.

    MIL OSI USA News

  • MIL-OSI USA: UConn Health Half Marathon: Motivational Mantras That Work

    Source: US State of Connecticut

    Long distance running is a challenge both physically and mentally. Some runners use phrases or “mantras” to keep them focused on the present and to build resilience on especially difficult runs. UConn Health internal medicine physician, Jennifer Ozimek, has run the UConn Health Half Marathon in Simsbury for the past 5 years and has several mantras that help keep her motivated through to the finish line.

    [embedded content]

    MIL OSI USA News

  • MIL-OSI USA: Two UConn School of Nursing Students Attend a ‘Once in a Lifetime’ Conference Visiting State Senators and Representatives on Capitol Hill

    Source: US State of Connecticut

    DNP student Ryan Davis, CRNA, MSN and Sean Flaherty ’25 (NURS), have a passion for advocating, on a federal basis, for nurses and the profession itself.

    Accompanied by the School of Nursing’s Dean Victoria Vaughan Dickson, Ph.D., RN, FAHA, FHFSA, FAAN, these two students were able to take that passion to the Capitol where they attended the American Association of Colleges of Nursing annual Student Policy Summit.

    Established in 1969, the AACN currently represents over 875 schools of nursing in universities nationwide, UConn being one of them.

    The conference was held on March 30-31 in Washington, DC, open to baccalaureate and graduate nursing students. Only two students from each AACN member institution can attend and permission from the dean is acquired.

    “Nurses play a crucial role in health policy advocacy, influencing healthcare legislation and shaping the future of healthcare,” said Dean Victoria Vaughan Dickson, PhD, RN, FAHA, FHFSA, FAAN. “The Student Policy Summit provides student nurses with the unique opportunity to experience how nurses can effectively advocate for changes that benefit patients, their communities, and the broader healthcare system.”

    Ryan Davis, CRNA, MSN, posing at the American Association of Colleges of Nursing annual Student Policy Summit on March 30, 2025, in Washington DC. (Contributed Photo)

    Davis, a certified registered nurse anesthetist (CRNA) was nominated by her advisor Joy Elwell, DNP, FNP-BC, CNE, FAAN, FAANP, based on her DNP project which deals with recognizing CRNAs as advanced practice registered nurses (APRN) in her home state of New York, which is the only state in the nation that does not recognize them as such.

    The conference was an invaluable experience for Davis. She was able to witness a panelist who, like her, is a CRNA. Seeing him advocate on a federal level inspired and motivated her to continue doing the same.

    “Having these people in bigger platforms and on the federal level, just advocating for our profession is really nice to see,” Davis said.

    Like Davis, Flaherty has always had an interest in the legislative side of nursing, and after being nominated to go to the conference by the dean, he couldn’t say no.

    “I looked at this and I thought what a great opportunity, to go to Washington DC and do something completely different than what we traditionally are doing in this four-year program, which is nursing completely at the bedside,” he said.

    Sharing similar remarks to Davis, Flaherty said the conference was very insightful and showed him a side to the nursing profession that he is not used to seeing.

    It was humbling to see “how complex the field of nursing is and how many different alleys you can go down and still be extremely successful and influential,” Flaherty said.

    “It sounds so simple,” he added, but it was really “learning about the government.”

    Beyond the Bedside

    A key takeaway for both Davis and Flaherty was how nursing can go beyond the bedside.

    “Hearing some of the speakers and the panels, how they advocate and what they advocate for is just so inspiring for me to want to take it beyond my practice of doing nurse anesthesia and take it more politics and health policy,” said Davis.

    The importance of advocacy and being exposed to multiple nursing avenues was a crucial part in the students’ experience at the conference.

    “To be involved in the other side of nursing, this legislative making process with all of the rules and regulations, the laws and the practices of what we [as nurses] practice by was really neat to kind of open my eyes to that side of nursing,” Flaherty said.

    Using Your Voice

    The conference taught Davis a lot – how to speak to legislators, write letters, and follow up – but what she really learned, was how to use her voice.

    “What I got from it in terms of applying it to my DNP project and even as a UConn student is to not be afraid to use my voice when it comes to advocating for something that I believe in or something that my profession needs, such as being APRNs,” she said.

    They had the opportunity to visit with Connecticut Senators and Representatives “to discuss the importance of support for nursing, nursing research, and nursing education,” said Dickson.

    Specifically, they discussed the importance of the PRECEPT Nurses Act and the Title VIII Nursing Workforce Development Programs.

    The PRECEPT Nurses Act is a bill that provides a tax credit for nurses “who serve at least 200 hours as a clinical preceptor to nursing students, advanced practice nursing students, or newly hired licensed nurses in a Health Professional Shortage Area,” according to the AACN website.

    The Title VIII Nursing Workforce Development Programs address nursing workforce demand including education, retention, practice, and recruitment.

    Flaherty also advocated for university funding. As an out-of-state student from upstate NY, he knows how crucial financial aid is in supporting the nursing workforce.

    There’s plenty of people who want to be in the workforce and continue their education in the nursing field, but they can’t afford the education of a state school, said Flaherty. “If you’re going to talk about how we have this nursing shortage, the quick solution would be to get more nurses,” he said. “And how do we do that? It’s funding students to be able to have that education because the number one barrier is going to be the cost.”

    MIL OSI USA News

  • MIL-OSI Global: A golden era for personalized medicine is approaching, but are we ready?

    Source: The Conversation – Canada – By Nazia Pathan, PhD, Postdoctoral Researcher, Population Health Research Institute, McMaster University

    Biobanks have become some of the most transformative tools in medical research, enabling scientists to study the relationships between genes, health and disease on an unprecedented scale (Piqsels/Siyya)

    If there’s a disease that seems to run in your family, if you’ve had a negative reaction to a drug or wondered why a standard treatment didn’t work on you, the answers may lie in your genes.

    The unique sequence of DNA that acts as a blueprint for building and maintaining your body often plays a major role in shaping your predisposition to diseases and reactions to drugs.

    Genes in the DNA make proteins, which can act as biomarkers or influence other types of biomarkers. Biomarkers are molecules in the body that help measure health conditions, such as those detected in blood or urine tests.

    Blood glucose, for example, is a biomarker for diabetes, cholesterol levels can be biomarkers for heart diseases and albumin is a protein used to assess kidney and liver functions.

    Tailoring treatments

    By understanding a patient’s unique genetic profile, biomarker readings and lifestyle information, doctors could tailor the most effective and safest treatments for that individual.

    Genetics offer the opportunity for individualized health care that can improve patient outcomes, save lives and alleviate strain on the health-care system.

    This is the promise of personalized medicine, which is already making a difference in areas such as cardiovascular diseases, cancer, mental health and rare diseases.

    The question is, are we prepared to seize this golden opportunity in Canada?

    Genetic testing and data

    Canadians are not averse to genetic testing. By 2018, a survey by Abacus Data showed around 11 per cent of Canadian adults had used direct-to-consumer genetic testing and analysis kits, and 60 per cent were open to ordering a test.

    This level of interest highlights a general acceptance of and readiness for genetic advancements in health care, which is encouraging, since we need much more reliable, population-level genetic information to make the most of this opportunity.

    Current genetic data is either scattered across relatively small, fragmented groups, which is severely limiting from a broader research perspective, or held by private companies. These companies have varying regulatory standards, raising concerns about privacy and data security, especially if a company is financially unstable or ceases to exist. This recently occurred when genetic testing company 23andMe filed for bankruptcy.




    Read more:
    With 23andMe filing for bankruptcy, what happens to consumers’ genetic data?


    The better model is publicly managed biobanks, which prioritize broad societal health over profit and offer stronger data protection through robust regulation of access, storage and usage. Strict oversight ensures the protection of individual privacy while promoting transparency.

    The potential of biobanks

    In this age of big data, biobanks have become some of the most transformative tools in medical research, enabling scientists to study the relationships between genes, health and disease on an unprecedented scale.

    This is possible because of technological advancements that allow large-scale genetic and biomarker testing, the adoption of cloud-based servers, and improvements in statistical modelling, machine learning and artificial intelligence.

    Establishing a biobank begins with collecting small amounts (five to 10 millilitres) of blood, saliva or tissue from consenting participants in the presence of health experts.

    Biobanks use next-generation sequencers to perform the genetic sequences at high speed, while the latest proteomics platforms enable measurement of thousands different biomarkers from a very small amount of blood. The resulting genetic and biomarker profiles are curated and made accessible through platforms like a national library.

    Countries such as the United Kingdom and the United States are paving the way with national efforts such as the UK Biobank and the All of Us Research Program.

    The British Biobank houses genetic and health data from more than 500,000 participants. Similarly, the U.S. program aims to enrol more than one million participants.

    Genomics in Canada

    As a genetic epidemiologist, I have had the opportunity to identify several potential genetic targets by using these treasure troves of information.

    The problem is that we don’t yet have a ready way of knowing if the results are directly applicable to the Canadian population.

    This is about to change. Genome Canada has launched the Canadian Precision Health Initiative to sequence the genomes of at least 100,000 Canadians.

    Biobanks enable scientists to study the relationships between genes, health and disease on an unprecedented scale.
    (Pixabay/Shameersrk)

    A Pan-Canadian Genome Library (PCGL) is also in the works to harmonize genetic data produced across Canada. It aims to capture, store and provide access to Canadian genomic data in a secure and ethical manner. Although this work is in the developmental phase, and the target population size remains unclear, these efforts are significant.

    These visions are closer to becoming a reality with the recent announcement of a $200 million investment in the Canadian Precision Health initiative. This is in addition to the more than $1 billion previously invested in health genomics research projects.

    These funds will support Canada’s Genomic centres, the PCGL, and enhance the translation of genomics into real-world applications, boosting the development of personalized medicine and advanced diagnostics to treat diseases.

    A potential model for the world

    Canada, with its uniquely diverse population, has a rare opportunity to lead the way in equitable, multi-ethnic genetic research that would address current biases that predominantly focus on individuals with European ancestry.

    This would ensure that everyone in Canada, including Indigenous communities, can benefit from this health-care revolution in an equitable, ethical and safe manner that balances privacy with the opportunities for groundbreaking research.

    With public trust and robust oversight, and making population-level data internationally accessible, Canada’s biobank initiative could become a model for the world in the golden era of personalized medicine.

    Nazia Pathan, PhD 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. A golden era for personalized medicine is approaching, but are we ready? – https://theconversation.com/a-golden-era-for-personalized-medicine-is-approaching-but-are-we-ready-250336

    MIL OSI – Global Reports

  • MIL-OSI USA: TRUMP EFFECT: A Running List of New U.S. Investment in President Trump’s Second Term

    US Senate News:

    Source: The White House
    Since President Donald J. Trump took office, his unwavering commitment to revitalizing American industry has spurred trillions of dollars of investments in U.S. manufacturing, production, and innovation — and the list only continues to grow.
    Here is a non-comprehensive running list of new U.S.-based investments in President Trump’s second term:
    Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
    Apple announced a $500 billion investment in U.S. manufacturing and training.
    NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
    Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
    Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology.
    Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction.
    Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.
    United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure.
    Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.
    Hyundai announced a $21 billion U.S.-based investment — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs.
    Hyundai also secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker.

    United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
    France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
    Merck announced it will invest $8 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility.
    Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
    Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, manufacturing plant.
    Regeneron Pharmaceuticals, Inc., a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
    NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
    ArcelorMittal, a steel manufacturer, announced a $1.2 billion investment to build an advanced manufacturing facility in Alabama.
    Chobani, a Greek yogurt giant, announced a $1.2 billion investment to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs.
    GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
    Corning, Inc., a solar component producer, announced a $900 million investment to build a manufacturing plant in Michigan.
    Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure.
    GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
    Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities.
    AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch.
    London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
    Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
    Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
    Clasen Quality Chocolate announced a $230 million investment to build a new production facility in Virginia, which will create 250 new jobs.
    Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs.
    Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
    TS Conductor announced a $134 million investment to build an advanced conductor manufacturing facility in South Carolina, which will create nearly 500 new jobs.
    Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
    Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
    Charms, LLC, a subsidiary of candymaker Tootsie Roll Industries, announced a $97.7 million investment to expand its production plant and distribution center in Tennessee.
    Toyota Motor Corporation announced an $88 million investment to boost hybrid vehicle production at its West Virginia factory, securing employment for the 2,000 workers at the factory.
    AeroVironment, a defense contractor, announced a $42.3 million investment to build a new manufacturing facility in Utah.
    Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
    India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
    Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
    Cyclic Materials, a Canadian advanced recycling company for rare earth elements, announced a $20 million investment in its first U.S.-based commercial facility, located in Mesa, Arizona.
    Guardian Bikes announced a $19 million investment to build the first U.S.-based large-scale bicycle frame manufacturing operation in Indiana.
    Amsterdam-based AMG Critical Minerals announced a $15 million investment to build a chrome manufacturing facility in Pennsylvania.
    NOVONIX Limited, an Australia-based battery technology company, announced a $4.6 million investment to build a synthetic graphite manufacturing facility in Tennessee.
    LGM Pharma announced a $6 million investment to expand its manufacturing facility in Rosenberg, Texas.
    ViDARR Inc., a defense optical equipment manufacturer, announced a $2.69 million investment to open a new facility in Virginia.
    That doesn’t even include the U.S. investments pledged by foreign countries:
    United Arab Emirates announced a $1.4 trillion investment in the U.S. over the next decade.
    Saudi Arabia announced it intends to invest $600 billion in the U.S. over the next four years.
    Japan announced a $1 trillion investment in the U.S.
    Taiwan announced a pledge to boost its U.S.-based investment.
    Last updated on April 23, 2025

    MIL OSI USA News

  • MIL-OSI USA: President Trump’s Vision Fuels Major U.S. Production Boom

    US Senate News:

    Source: The White House
    President Donald J. Trump’s unrelenting commitment to revitalizing American manufacturing is continuing to deliver results, with another wave of companies announcing transformative investments in their U.S.-based operations — driving job creation and economic growth nationwide.
    In just the past few days:
    Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in its U.S.-based manufacturing and R&D, which is expected to create more than 1,000 new full-time jobs and more than 12,000 jobs including construction.
    Regeneron Pharmaceuticals, Inc., a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
    NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
    Chobani, a Greek yogurt giant, announced a $1.2 billion investment to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs.
    Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs.
    Toyota Motor Corporation, a Japanese automaker, announced an $88 million investment to boost hybrid vehicle production at its West Virginia factory, securing employment for the factory’s 2,000 workers.
    Hyundai Motor Group, a South Korean automaker, secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker, for the automaker’s planned steel plant in Louisiana.
    Cyclic Materials, a Canadian advanced recycling company for rare earth elements, announced a $20 million investment in its first U.S.-based commercial facility, located in Mesa, Arizona.
    Click here for more new investments secured in President Trump’s second term.

    MIL OSI USA News

  • MIL-OSI Canada: Tribunal Initiates Inquiry— Certain carbon or alloy steel wire from China, Chinese Taipei, India, Italy, Malaysia, Portugal, Spain, Thailand, Türkiye and Vietnam

    Source: Government of Canada News (2)

    Ottawa, Ontario, April 23, 2025—The Canadian International Trade Tribunal today initiated a preliminary injury inquiry into a complaint by Sivaco Wire Group 2004 L.P, of Marieville, Quebec and ArcelorMittal Long Products Canada G.P., of Contrecoeur, Quebec, that they have suffered injury as a result of the dumping of certain carbon or alloy steel wire originating in or exported from the People’s Republic of China, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, the Republic of India, the Italian Republic, the Federation of Malaysia, the Portuguese Republic, the Kingdom of Spain, the Kingdom of Thailand, the Republic of Türkiye, and the Socialist Republic of Vietnam. The Tribunal’s inquiry is conducted pursuant to the Special Import Measures Act (SIMA) as a result of the initiation of a dumping investigation by the Canada Border Services Agency (CBSA).

    On June 19, 2025, the Tribunal will determine whether there is a reasonable indication that the alleged dumping has caused injury or retardation, or is threatening to cause injury, as these words are defined in SIMA. If so, the CBSA will continue its investigation and, by July 21, 2025, will make a preliminary determination. If this preliminary determination indicates that there has been dumping, the CBSA will then continue its investigation and, concurrently, the Tribunal will initiate a final injury inquiry.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    Any interested person, association or government that wishes to participate in the Tribunal’s inquiry may do so by filing a Form I – Notice of Participation.

    MIL OSI Canada News