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Category: Artificial Intelligence

  • MIL-OSI Russia: Landscaping of the territory at the second stage of the new NSU campus has begun

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    At the facilities of the educational and scientific center Institute of Medicine and Medical Technologies (UNC IMMT) and the Scientific Research Center (SRC) of NSU, which belong to the second stage new campus of NSU, which is being built within the framework of the national project “Youth and Children”, began to improve the territory. They are laying paving slabs, asphalt concrete pavement, and also decorating lawns. The improvement will be completed by the start of the winter season.

    In addition, the installation of stained glass windows has been completed at the second stage facilities, and the façade installation work is almost complete. The installation of external utility networks, including sewerage and water supply, is one third complete, and the finishing of the premises is also actively underway – plastering, cladding work, etc. In general, the construction readiness of the NSU IMMT UNC is 50%, and that of the NSU NRC is 45%.

    — The new NSU campus will become a center of attraction for innovations. The premises of the NSU IMMT URC will house modern laboratories, the new building will accommodate up to 700 students. Also, based on the infrastructure of the new campus, we will develop network educational programs, such as Medical Cybernetics and Industrial Pharmacy. This will become the basis for transforming medical education and bringing it to a new level. At the NSU NRC, we will develop promising research areas, such as biotechnology and biomedical research, artificial intelligence and big data processing, space and special instrumentation, etc., — commented NSU Rector, Academician of the Russian Academy of Sciences Mikhail Fedoruk.

    Work is also being completed on equipping the new building of flow classrooms with furniture and technical equipment, permission for commissioning of which was received at the end of 2024. The educational process in the building will begin in September 2025.

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

    .

    MIL OSI Russia News –

    July 25, 2025
  • MIL-OSI United Kingdom: Statement on Australia-UK Ministerial Consultations (AUKMIN) July 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    Statement on Australia-UK Ministerial Consultations (AUKMIN) July 2025

    Joint statement from UK and Australia on the Australia-UK Ministerial Consultations (AUKMIN) July 2025

    1 . On 25 July 2025, the Minister for Foreign Affairs Senator the Hon Penny Wong and the Deputy Prime Minister and Minister for Defence the Hon Richard Marles MP hosted the Secretary of State for Foreign, Commonwealth and Development Affairs the Rt Hon David Lammy MP and the Secretary of State for Defence the Rt Hon John Healey MP for the Australia-UK Ministerial Consultations (AUKMIN) in Sydney.

    2 . Ministers noted the global security environment had become more dangerous and unpredictable since they last met in December 2024. They recognised the elevated importance of the enduring Australia-UK relationship in responding together to address these challenges.

    3 . Ministers agreed to significantly increase their cooperation to bolster Australia and the UK’s defence and national security, enhance economic security and mitigate and address the impacts of climate change. Ministers agreed on the enduring importance of the UK-Australia relationship in delivering economic growth to our peoples and globally.

    4 . Ministers underscored the role Australia and the UK play in upholding the rules, norms and institutions, including respect for universal human rights, that underpin global prosperity and security, and noted their deep, clear and longstanding commitment to the multilateral system. They committed to consider joint initiatives and advocacy on multilateral reform, including on the UN Secretary-General’s UN80 Initiative, to ensure the multilateral system is able to continue to deliver on critical core functions and mandates.

    Closer cooperation in the Indo-Pacific

    5 . Ministers reaffirmed that the security, resilience and prosperity of the Indo-Pacific and Euro-Atlantic regions are interconnected. They committed to continue to expand efforts to safeguard internationally agreed rules and norms and respect for sovereignty. Ministers agreed on the need to shape a world characterised by adherence to rules and norms, rather than power or coercion.

    6 . Ministers committed to further strengthen cooperation, bilaterally and with regional partners, to ensure a peaceful, stable and prosperous Indo-Pacific. Ministers agreed the UK and Australia’s enduring engagement in the Indo-Pacific was important to shaping a favourable strategic balance in the region.

    7 . Recognising the deteriorating geostrategic environment, Ministers emphasised the need for all countries to manage strategic competition responsibly, and the importance of dialogue and practical measures to reduce the risks of miscalculation, escalation and conflict.

    8 . Ministers reiterated their strong opposition to coercive or destabilising activities by China’s Coast Guard, naval vessels and maritime militia in the South China Sea, including sideswiping, water cannoning and close manoeuvres that have resulted in injuries, endangered lives and created risks of miscalculation and escalation. Ministers agreed to continue cooperating to support freedom of navigation and overflight in the region, including through participation in joint activities. They also reiterated their concern about the situation in the East China Sea.

    9 . Ministers emphasised the obligation of all states to adhere to international law, particularly the United Nations Convention on the Law of the Sea (UNCLOS), which provides the comprehensive legal framework for all activities in the ocean and seas. They agreed that maritime disputes must be resolved peacefully and in accordance with international law. Ministers reaffirmed that the 2016 South China Sea Arbitral Tribunal decision is final and binding on the parties. They emphasised any South China Sea Code of Conduct must be consistent with UNCLOS and not undermine the rights of States under international law.

    10 . Ministers agreed on the critical importance of peace and stability across the Taiwan Strait. They called for the peaceful resolution of cross-Strait issues through dialogue and not through the threat or use of force or coercion, and reaffirmed their opposition to unilateral changes to the status quo. They expressed concern at China’s destabilising military exercises around Taiwan. Ministers recognised that the international community benefits from the expertise of the people of Taiwan and committed to support Taiwan’s meaningful participation in international organisations where statehood is not a pre-requisite or as an observer or guest where it is. They reiterated their will to continue to deepen relations with Taiwan in the economic, trade, scientific, technological, and cultural fields.

    11 . Ministers strongly condemned the DPRK’s ongoing nuclear and ballistic missile programs and called for the complete, verifiable and irreversible denuclearisation of the DPRK. Ministers also expressed grave concern over the DPRK’s malicious cyber activity, including cryptocurrency theft and use of workers abroad to fund the DPRK’s unlawful weapons of mass destruction and ballistic missile programs.

    12 . Ministers emphasised their commitment to ASEAN centrality and recognised the critical role of ASEAN-led architecture in promoting peace, stability and prosperity in the region. They reaffirmed their ongoing commitment to support the practical implementation of the ASEAN Outlook on the Indo-Pacific.

    13 . Ministers underscored their commitment to deepen engagement on trade and investment diversification in Southeast Asia, including through Invested: Australia’s Southeast Asia Economic Strategy to 2040, Australia’s AUD 2 billion Southeast Asian Investment Financing Facility and dedicated Southeast Asia Investment Deal Teams, and the UK’s enhanced economic engagement. Ministers agreed to continue to strengthen coordination on clean energy transition in Southeast Asia and cooperation to bolster the region’s economic resilience through the mobilisation of private finance for climate objectives and green infrastructure, exploring collaboration on financing of low-carbon energy projects, and coordination of support to the ASEAN Power Grid.

    14 . Ministers reaffirmed their commitment to combat people smuggling, human trafficking and modern slavery in South and Southeast Asia, recognising that women and girls were most impacted, with a focus on trafficking into scam centres.

    15 . Ministers reiterated their commitment to the Indian Ocean Rim Association (IORA) as the premier ministerial-level forum in the Indian Ocean region. They agreed to continue collaboration on shared priorities in the Indian Ocean, including maritime security.

    16 . Ministers reiterated their serious concern at the deepening humanitarian crisis and escalating violence in Myanmar, compounded by the devastating earthquake in March. They strongly condemned the Myanmar regime’s violent oppression of its people, including the continued bombardment of civilian infrastructure. They called for all parties to prioritise the protection of civilians. They called on the regime to immediately cease violence, release those arbitrarily detained, allow safe and unimpeded humanitarian access, and return Myanmar to the path of inclusive democracy. Ministers reiterated their support for ASEAN’s efforts to resolve the crisis, including through the Five Point Consensus and the work of the ASEAN Special Envoy and UN Special Envoy. They welcomed ASEAN leaders’ recent call for an extended and expanded ceasefire, and inclusive national dialogue.

    17 . Ministers highlighted their commitment to continue to work with Pacific island countries through existing regional architecture, recognising the centrality of the Pacific Islands Forum. They agreed on the importance of pursuing Pacific priorities as set out in the 2050 Strategy for the Blue Pacific Continent. Ministers joined Pacific partner calls for increased access to climate finance, including further support to Pacific-owned and led mechanisms such as the Pacific Resilience Facility. Ministers welcomed ongoing reform of multilateral climate funds, including the Green Climate Fund (GCF), to provide better outcomes for Pacific island countries, noting encouraging progress made regarding the accreditation of Direct Access Entities and GCF regional presence. Ministers welcomed the UK’s continued contributions to Pacific security through their assistance in the removal of explosive remnants of war via their participation in the Australian-led Operation Render Safe. Ministers agreed to continue to work together to advance transparent and high-quality development in line with the Pacific Quality Infrastructure Principles (PQIPs), including through the Pacific Business Club. Ministers committed to work collaboratively on respective approaches to the Multilateral Development Banks (MDBs) to encourage reform consistent with the PQIPs. Ministers underscored our shared commitment to cyber coordination and capacity-building in the Pacific including through support to the inaugural Pacific Cyber Week in August 2025, a concept endorsed by the Pacific Islands Forum. Ministers emphasised the importance of sharing expertise and strengthening people-to-people links for a more cyber-resilient Pacific.

    Ambitious partners, facing global challenges together

    18 . Ministers unequivocally condemned Russia’s full-scale invasion of Ukraine and called on Russia to immediately withdraw its troops from Ukraine’s internationally recognised territory, and adhere fully to its obligations under international law, including in relation to the protection of civilians and treatment of prisoners of war. They reiterated their commitment to making sure that Ukraine gets the military and financial support it needs to defend itself in the fight now and agreed to step up action against Russia’s war machine. They emphasised the importance of taking further action against Russia’s shadow fleet, acknowledging the sanctions both countries had imposed in this regard. They also called on Russia to immediately cease their illegal deportation of Ukrainian children and reunify those already displaced with their families and guardians in Ukraine.

    19 . Ministers reiterated their deep concerns about the role of third countries in supporting Russia’s illegal war in Ukraine and the associated impact for the security of the Indo-Pacific. They called on China to prevent its companies from supplying dual-use components to Russia’s war effort, and exercise its influence with Russia to stop Moscow’s military aggression and enter negotiations to end the war in good faith. Ministers strongly condemned the DPRK’s support for Russia through the supply of munitions and deployment of DPRK personnel to enable Russia’s war efforts. Ministers called on Iran to cease all support for Russia’s illegal war against Ukraine and halt the transfer of ballistic missiles, UAVs and related technology.

    20 . Ministers agreed deepening military cooperation between Russia and the DPRK was a dangerous expansion of Russia’s war that has significant implications for security in the Indo-Pacific region. They expressed deep concerns about any political, military or economic support Russia may be providing to the DPRK’s nuclear and ballistic missile programs. Ministers affirmed their commitment to cooperating with international partners to strengthen efforts to hold the DPRK to account for violations and evasions of UN Council Resolutions (UNSCRs) including as founding members of the Multilateral Sanctions Monitoring Team (MSMT). Ministers acknowledged the release of the MSMT’s first report, which shines a light on unlawful DPRK-Russia military cooperation including arms transfers and Russia’s training of DPRK troops. Ministers urged all UN Member States to abide by their international obligations under the UNSCRs to implement sanctions, including the prohibition on the transfer or procurement of arms and related material to or from the DPRK.

    21 . Ministers called on Iran and Israel to adhere to the ceasefire and urged Iran to resume negotiations with the US. Ministers stated their determination that Iran must never develop a nuclear weapon. It is essential that Iran act promptly to return to full compliance with its safeguards obligations, cooperate fully with the International Atomic Energy Agency, and refrain from actions that would compromise efforts to address the security situation in the Middle East. Ministers condemned Iran’s unjust detention of foreign nationals and raised ongoing concerns over the human rights situation in Iran, particularly the escalation of the use of the death penalty as a political tool during the 12-day conflict, and the ongoing repression of women, girls and human rights defenders.

    22 . Ministers reiterated their support for Israel’s security and condemnation of Hamas’ horrific attacks on 7 October 2023, and underlined that Israeli actions must abide by international law. They called for an immediate ceasefire in Gaza, an end to Israeli blocks on aid, and the urgent and unconditional release of all hostages.

    23 . Ministers reaffirmed their conviction that an immediate and sustained ceasefire, alongside urgent steps towards a credible and irreversible pathway to a two-state solution are the only ways to deliver lasting peace, security and stability for Israelis, Palestinians and the wider region.

    24 . Ministers expressed grave concerns at the horrific and intolerable situation in Gaza. They continue to be appalled by the immense suffering of civilians, including Israel’s blocking of essential aid. They reiterated their call for Israel to immediately enable full, safe and unhindered access for UN agencies and humanitarian organisations to work independently and impartially to save lives, end the suffering and deliver dignity. Ministers also condemned settler violence in the West Bank, which has led to deaths of Palestinian civilians and the displacement of whole communities, and expressed opposition to any attempt to expand Israel’s illegal settlements.

    25 . Ministers expressed their deep concern for the safety and security of humanitarian personnel working in conflict settings around the world. They reaffirmed their commitment to finalise a Declaration for the Protection of Humanitarian Personnel and implement practical actions to ensure greater respect for and protection of humanitarian personnel. Ministers also called on all countries to endorse the Declaration once launched and to reaffirm their responsibility to uphold humanitarian principles and ensure respect for international humanitarian law. Ministers discussed the essential role of the humanitarian system which is critical to saving lives and livelihoods and avoiding mass displacement. Ministers noted that the core work of the UN, the Red Cross and Red Crescent Movement, and international, national and local humanitarian organisations, must be preserved. Ministers also reiterated support for the Emergency Relief Coordinator’s humanitarian reset.

    26 . Ministers committed to continue close collaboration on protecting and promoting gender equality internationally and countering rollback of rights, including through Australia-UK Strategic Dialogues on Gender Equality and progressing subsequent agreed commitments, such as the UK-Australia Gender Based Violence MoU.

    27 . Ministers reaffirmed their commitment to the full implementation of the Women Peace and Security (WPS) agenda. They acknowledged the 25th anniversary of UN Security Council Resolution 1325 and agreed to continue working together on implementing the WPS agenda, promoting the full, equal, meaningful and safe participation and leadership of women in conflict prevention, mediation and resolution, and working together on preventing conflict-related sexual violence and ending impunity.

    28 . Ministers reiterated their serious shared concerns about human rights violations in China, including the persecution and arbitrary detention of Uyghurs and Tibetans and the erosion of their religious, cultural, education and linguistic rights and freedoms. They expressed their deep concern with the transfer of a cohort of 40 Uyghurs to China against their will in February this year. Ministers shared grave concerns about the ongoing systemic erosion of Hong Kong’s autonomy, freedom, rights and democratic processes, including through the imposition of national security legislation and the prosecution of individuals such as British national Jimmy Lai and Australian citizen Gordon Ng. They shared their deep concern over the actions of Hong Kong authorities in targeting pro-democracy activists both within Hong Kong and overseas, including in Australia and the UK.

    29 . Ministers expressed growing concern over foreign information manipulation and interference (FIMI) and attempts to undermine security and democratic institutions and processes. They committed to working closely to analyse and respond to FIMI in order to raise the costs for malign actors, and build collective responses to FIMI, including in multilateral fora, and to promote resilient, healthy, open and fact-based environments.

    30 . Ministers acknowledged the unprecedented opportunities presented by critical and emerging technologies, including artificial intelligence, and the need to mitigate harms to build trust and confidence. They committed to collaborate on reciprocal information sharing on advanced AI capabilities and research, including between Australian agencies and the UK AI Security Institute, and working together to capture the opportunities of AI through the bilateral Cyber and Critical Technology Partnership.

    31 . Australia welcomed the UK’s new Laboratory for AI Security Research (LASR) and looked forward to exploring the opportunities for cooperation between our nations. The lab will pull together our world-class industry, academia and government agencies to ensure we reap the benefits of AI, while detecting, disrupting and deterring adversaries who would use it to undermine our national security and economic prosperity.

    32 . Ministers expressed shared concern over the persistent threat of malicious cyber activities impacting our societies and economies and agreed to continue to work closely on leveraging all tools of deterrence, including the use of attributions and sanctions to impose reputational, financial costs and travel bans on these actors. Our respective statements calling out the egregious activity of Russia’s GRU on Friday 18 July is a good example of such cooperation.

    33 . The UK is pleased to welcome Australia as a partner to the Common Good Cyber Fund, designed to strengthen cybersecurity for individuals most at risk from digital transnational repression. The Fund was first launched by the Prime Ministers of the UK and Canada under the G7 Rapid Response Mechanism. This participation underscores the growing commitment among G7 partners and like-minded nations to counter this threat and to deliver support to those who may be targeted.

    34 . Ministers reiterated their commitment to the Commonwealth as a unique platform for cross-regional dialogue and cooperation. They noted the importance of the Commonwealth in elevating the voices of small developing states on issues of global importance. Ministers took note of the important role of the Commonwealth Small States Offices in New York and Geneva, and committed to looking into options for expansion of this offer.

    Building shared defence capability

    35 . Ministers welcomed the continued growth in the bilateral defence relationship including the deployment of a British Carrier Strike Group to Australia for Exercise Talisman Sabre 2025 as part of an Indo-Pacific deployment. HMS Prince of Wales is the first UK aircraft carrier to visit Australia since 1997 and the deployment demonstrates the UK’s ongoing commitment to increase interoperability with Australia in the Indo-Pacific following significant contributions to Exercises Pitch Black and Predator’s Run in 2024. Ministers look forward to future opportunities in Australia and the wider region, including leveraging the Royal Navy’s (RN) offshore patrol vessels persistently deployed in the Indo-Pacific.

    36 . Ministers also welcomed the success of the inaugural Australia-UK Staff Level Meeting, with the second meeting set to take place in Australia later this year. This forum will continue to progress joint strategic and operational objectives, supporting the evolution of the bilateral relationship.

    37 . Ministers reaffirmed their enduring commitment to the generational AUKUS partnership, which is supporting security and stability in the Indo-Pacific and beyond, enhancing our collective deterrence against shared threats. This capability and technology sharing partnership will deliver military advantage to deter adversaries and promote regional security. The partnership also provides new pathways for innovation, boosting interoperability between partners and strengthening our combined defence industrial base.

    38 . Ministers announced their intent to sign a bilateral AUKUS treaty between the UK and Australia on Saturday, 26 July. The Treaty is a landmark agreement, which will underpin the next 50 years of UK-Australian bilateral cooperation under AUKUS Pillar I.

    39 . The Treaty will enable comprehensive cooperation on the design, build, operation, sustainment, and disposal of our SSN-AUKUS submarines; support the development of the personnel, workforce, infrastructure and regulatory systems required for Australia’s nuclear-powered submarine program; and realise increased port visits and the rotational presence of a UK Astute Class submarine at HMAS Stirling under Submarine Rotational Force – West.

    40 . The Treaty will enable our two countries to deliver a cutting-edge undersea capability through the SSN-AUKUS, in conjunction with our partner the US. Through working together we are supporting stability and security in the Indo-Pacific and beyond for decades to come, creating thousands of jobs, strengthening our economies and supply chains, building our respective submarine industrial bases and providing new opportunities for industry partners.

    41 . Ministers welcomed the significant progress made towards delivering Pillar I, including the entry into force of the AUKUS Naval Nuclear Propulsion Agreement between Australia, the UK and US on 17 January 2025 and the progress in design of the SSN-AUKUS submarines that will be operated by the RN and the Royal Australian Navy (RAN).

    42 . Ministers welcomed the UK’s June commitment, in its Strategic Defence Review, to build up to 12 SSN-A submarines, and continuous submarine production through investments in Barrow and Raynesway that will allow the UK to produce a submarine every 18 months, and recognised the UK’s additional investment to transform the UK’s submarine industrial base.

    43 . Ministers reaffirmed Australia and the UK’s strong and ongoing commitment to the delivery of the AUKUS Optimal Pathway. Reflecting the UK’s enduring dedication to this partnership, and long-standing engagement in the Indo-Pacific, Ministers welcomed the planned deployment of a RN submarine to undertake a port visit to Australia in 2026, delivering a varied programme of operational and engagement activities. The visit will support preparations for the establishment of the Submarine Rotational Force – West from as early as 2027, and represents another step forward on the shared path towards the delivery of SSN-AUKUS – ensuring our navies are ready, integrated, and capable of operating together to promote security and stability in the region.

    44 . Ministers underscored the importance of ensuring Australia’s acquisition of a conventionally-armed, nuclear-powered submarine capability sets the highest non-proliferation standard, and endorsed continued close engagement with the International Atomic Energy Agency.

    45 . Ministers affirmed their commitment under AUKUS Pillar II to continue to deliver tangible advanced capabilities to our defence forces and welcomed progress to date. By leveraging advanced technologies, our forces become more than the sum of their parts. They underlined the importance of Pillar II in streamlining capability acquisition and strengthening our defence innovation and industry sectors.

    46 . As part of Talisman Sabre 25, AUKUS partners participated in Maritime Big Play activities as well as groundbreaking AI and undersea warfare trials. The partners tested the remote operation of the UK’s Extra Large Unmanned Underwater Vehicle, Excalibur, controlled from Australia while operating in UK waters. The exercise once again accelerated interoperability between our forces and the accelerated integration of remote and autonomous systems.

    47 . Ministers noted the successful UK E-7A Seedcorn training program in Australia. The program, which is set to conclude in December 2025, was established to preserve a core of Airborne Early Warning and Control expertise within the Royal Air Force (RAF) and to lay a strong foundation for the introduction of the UK’s own Wedgetail aircraft. Thanks to the exceptional support of the Royal Australian Air Force (RAAF), since its inception in 2018, 30 RAF personnel – including pilots, mission crew, engineer officers, aircraft technicians, and operations specialists – have benefited from world-class training and exposure to the Wedgetail capability.

    48 . Ministers welcomed the upcoming deployment of a RAAF E-7A Wedgetail to Europe in August under Operation Kudu to help protect vital supply lines for humanitarian aid and military assistance into Ukraine. Delivering upon the vision for true interchangeability detailed in the Wedgetail Trilateral Joint Vision Statement in 2023, this deployment will see the Wedgetail jointly crewed by Australian and British service members in a live operational setting.  Ministers also welcomed Australia’s decision to extend support for training Ukrainian personnel under Operation Interflex, through Operation Kudu, to the end of 2026. Australia and the UK will also continue to work closely together to share insights and observations from the conflict.

    49 . Ministers reiterated their nations’ continued investment in the Five Power Defence Arrangements (FPDA) as a unique multilateral arrangement that plays a constructive role in building habits of cooperation and enhancing the warfighting capabilities of its members. They look forward to Exercise Bersama Lima 2025 which will feature high-end warfighting serials and next-generation assets such as Australia’s F-35s and the UK’s Carrier Strike Group.

    50 . Ministers affirmed their shared ambition to conduct a bilateral defence industry dialogue at both the Senior Official and Ministerial levels, providing a forum to deepen defence industry collaboration, enhance joint capability development, and cooperate on procurement reform to ensure improved efficiency in capability acquisition and sustainment.

    51 . Ministers agreed to deepen cooperation on using Active Electronically Scanned Array (AESA) radar technology in both nations. This includes exploring the potential of using Australian AESA radar technologies for UK integrated air and missile defence applications. They agreed to undertake a series of targeted risk reduction activities in the near future to inform future decisions.”

    52 . Ministers agreed to progress personnel exchanges that support the future combat effectiveness of the Australian Hunter Class and British Type 26 Frigates. To support the introduction of these platforms into service, the RAN and RN will undertake a series of maritime platform familiarisation activities that enable our people to gain experience in critical capabilities, including underwater and above water weapon systems, primary acoustical intelligence analysis, and overall signature management.

    53 . Ministers agreed to strengthen their sovereign defence industries through closer collaboration between the UK’s Complex Weapons Pipeline and Australia’s Guided Weapons and Explosive Ordnance Enterprise. As a first step the Ministers announced a collaborative effort to develop modular, low cost components for next-generation weapon systems.

    54 . Ministers acknowledged the shared legacy and the contribution of veterans to the bilateral relationship. They reaffirmed their commitment to identify avenues for closer collaboration on improving veterans’ health and transition services.

    Partnering on trade, climate and energy

    55 . Ministers agreed to work closely to safeguard and strengthen the role that free and fair trade and the rules-based multilateral trading system plays in economic prosperity and building resilience against economic shocks.

    56 . Ministers reaffirmed the importance of the rules-based multilateral trading system, with the World Trade Organization (WTO) at its core, to economic security and prosperity. Ministers agreed to deepen cooperation to reform and reposition the Organization, and the broader global trading system, to meet the trade challenges of the new economic and geopolitical environment. Ministers agreed to continue working together to overcome blockages in multilateral rulemaking, including by working in smaller and more agile plurilateral groupings to address contemporary challenges, such as non-market policies and practices, which could complement ongoing multilateral efforts. They welcomed cooperation on plurilateral rulemaking, including efforts to have the E-Commerce Agreement incorporated into WTO architecture and brought into force as soon as possible. They reaffirmed the importance of restoring a fully-functioning dispute settlement system as soon as possible, welcoming the UK’s decision to join the Multi-Party Interim Appeal Arbitration Arrangement (MPIA) while our countries work to fix the system.

    57 . Ministers welcomed the entry into force of the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in December 2024 and welcomed Australia as 2025 Chair. Ministers affirmed the need to work cooperatively together to ensure the CPTPP remains high standard and fit-for-purpose in addressing evolving challenges through continued progress on the CPTPP General Review and expansion of the membership. They looked forward to planned CPTPP trade and investment dialogues with the EU and with ASEAN.

    58 . Ministers welcomed the second meeting of the Australia-United Kingdom Free Trade Agreement (A-UKFTA) Joint Committee on 3 June which celebrated the strong and growing trade and investment relationship between the UK and Australia and the strong uptake of the agreement’s benefits.

    59 . Ministers welcomed close engagement on economic security under the annual United Kingdom-Australia Economic Security Dialogue, noting that its establishment by AUKMIN in 2023 was timely in preparing for future needs. They reflected on the closer integration of our analysis capabilities and committed to a joint-funded track 1.5 to generate practical insights and informal policy dialogue that will inform our joint economic security efforts.

    60 . As both countries continue to develop their bilateral partnership through the UK-Australia FTA, the Economic Security Dialogue, and other fora, Ministers committed to deepening cooperation in key sectors of mutual interest. Ministers view this as an opportunity to explore new areas of collaboration and share best practices in the interests of boosting bilateral trade and investment, facilitating innovation and research, and supporting our mutual economic security and resilience. This year, officials in relevant departments will compare approaches with the aim to identify areas of common interest or complementary strength and discuss further opportunities for related cooperation. This may include initiatives to advance supply chain resilience, frontier research, investment promotion, public finance cooperation, and effective regulation.

    61 . Ministers affirmed the calls in the Global Stocktake under the Paris Agreement for countries to come forward in their next NDCs with ambitious emissions reduction targets aligned with keeping 1.5 degrees within reach. In that context, Ministers recognised the immense economic opportunities in ambitious climate action and a rapid transition to renewable energy. Ministers welcomed the UK’s ambitious NDC and looked forward to Australia’s NDC and Net-Zero Plan. Ministers further welcomed the report released by the UN Secretary General titled ‘Seizing the Moment of Opportunity: Supercharging the new energy era of renewables, efficiency, and electrification’ that highlighted the compelling economic case for the rapidly declining cost of renewable energy, and the rapidly growing role of the clean energy economy in powering jobs and economic growth. Ministers affirmed their determination to fulfil multilateral climate commitments and reiterated the importance of reforming the finance system and improving access to climate finance for developing countries. Ministers recommitted to building nature-positive economies to support a central theme of Brazil’s COP Presidency. The UK reiterated its support for Australia’s bid to host COP31 in partnership with the Pacific and expressed the hope that a decision would soon be reached. Ministers welcomed UK sharing its hosting experience and agreed to explore secondments to support COP31 planning. The UK and Australia welcome the close collaboration between our countries in the Intergovernmental Negotiating Committee (INC) negotiations for an international legally binding instrument on plastic pollution, including through our shared membership of the High Ambition Coalition to End Plastic Pollution. At this critical juncture ahead of INC-5.2, the final opportunity to secure an agreement, we call upon all members of the INC to recommit to working constructively to achieve an effective comprehensive agreement that addresses the full lifecycle of plastic. We recognise that Commonwealth countries are particularly affected by plastic pollution and in that regard we renew our commitment to collaborating through the Commonwealth Clean Ocean Alliance, to tackle plastic pollution in the commonwealth. Ministers pledged to deepen collaboration through the UK-Australia Climate and Clean Energy Partnership.

    62 . Ministers welcomed close cooperation to support the development of resilient critical mineral supply chains governed by market principles. This includes developing a roadmap to promote a standards-based market to reflect the real costs of responsible production, processing and trade of critical minerals as agreed at the recent G7 meeting on 17 June. Ministers agreed upon the importance of the sustainable and responsible extraction and processing of critical minerals for the energy transition, and committed to working together on solutions. These include the new Critical Minerals Supply Finance developed by UK Export Finance (UKEF) which can provide finance support to overseas critical minerals projects that supply the UK’s high-growth sectors. UKEF has up to £5bn in finance support available for projects in Australia and will work closely with Export Finance Australia. Ministers also undertook to ensure the UK is consulted on the design and implementation of Australia’s Critical Minerals Strategic Reserve.

    63 . Ministers discussed the leading roles being played by Australia and the UK in the full and effective implementation of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement welcoming in particular Australia’s role as Co-Chair of the Preparatory Commission. Ministers were encouraged by each country’s progress towards ratification of the treaty, which is a landmark agreement for protection of the world’s ocean.

    64 . Ministers discussed the increasing geostrategic, climatic, and resource pressures on the Antarctic and Southern Ocean region and reaffirmed their shared and long-standing commitment to the Antarctic Treaty System (ATS). Ministers committed to upholding together the ATS rules and norms of peaceful use, scientific research, international cooperation and environmental protection, and to deepen understanding of the impact of climate change on the oceans and the world through Antarctic research including in the context of the International Polar Year of 2032/33. Ministers welcomed the United Kingdom’s chairing of CCAMLR for 2024-5 and 2025-6.

    65 . Ministers agreed on the importance of ensuring all children have the right to grow up in a safe and nurturing family environment. Ministers recognised the transformative impact on children’s health, capacity to learn and economic prospects that growing up in a family-based environment can have. Ministers acknowledged the UK’s Global Campaign on Children’s Care Reform and agreed to work together to drive international awareness and demonstrate their commitment to children’s care reform.

    66 . Ministers reiterated their commitment to upholding shared values and continuing to invest in sustainable development, gender equality, disability equity and social inclusion, which underpin global prosperity. To support sustainable development, Ministers agreed to deepen cooperation with emerging donors of development assistance, to diversify funding, enhance development effectiveness, share lessons and build trust and transparency with partners. Ministers committed to work together to deliver sustainable solutions for Small Island Developing States (SIDS), recognising their unique vulnerabilities and to ensure meaningful engagement in international processes, including ODA graduation.

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    Updates to this page

    Published 25 July 2025

    MIL OSI United Kingdom –

    July 25, 2025
  • MIL-OSI: Bitcoin Swift Presale Enters Final 24 Hours of Stage 1 with Token Fixed at $1

    Source: GlobeNewswire (MIL-OSI)

    Stage 2 Will Introduce Price Increase and APY Adjustment as Project Prepares for Solana Deployment and AI-Driven Governance Rollout

    LUXEMBOURG, July 25, 2025 (GLOBE NEWSWIRE) — Bitcoin Swift (BTC3), a new decentralized infrastructure protocol focused on AI automation, privacy-first identity, and programmable staking, has officially entered the final 24 hours of its Stage 1 presale. During this period, the token remains available at a fixed price of $1.00 with an annual percentage yield (APY) of 143%, set to adjust at the start of Stage 2. The full presale is scheduled to conclude on September 18, 2025, with a planned launch price of $15.00.

    The limited-time window marks the last opportunity for early participants to gain access to the Bitcoin Swift ecosystem at its initial entry point. Stage 2 of the presale will begin with a 100% price increase and rebalanced staking terms aligned with the protocol’s Proof-of-Yield (PoY) mechanism.

    Building a Programmable Financial Layer

    Bitcoin Swift is introducing what it describes as a “programmable financial operating system” — integrating AI-powered smart contracts, zk-SNARK privacy layers, and decentralized identity for user-based governance.

    Rather than limiting functionality to post-launch phases, BTC3 is designed to allow token holders to interact with key protocol features during the presale itself. Users are able to stake tokens, participate in AI-curated governance decisions, and engage with beta smart contract modules backed by federated AI oracles.

    The platform utilizes a hybrid proof-of-work and proof-of-stake (PoW/PoS) consensus layer while incorporating AI oversight to enhance consensus efficiency and reward accuracy. Its modular design allows Bitcoin Swift to evolve as user behavior and network activity scale.

    Security and Compliance

    Bitcoin Swift has completed KYC verification for its core development team and has undergone audits by both Spywolf and Solidproof. According to project documentation, these evaluations assessed smart contract integrity, tokenomics security, and compliance readiness. A detailed audit summary is available on the Bitcoin Swift website.

    Upcoming Milestones on the Roadmap

    The Bitcoin Swift roadmap includes a staged rollout with the following key deliverables:

    • Q3–Q4 2025: Launch on Solana network; activation of Proof-of-Yield (PoY) rewards and presale utility access
    • Q1 2026: Integration of reinforcement learning modules into the smart contract engine
    • Q2 2026: Deployment of zk-ledger privacy infrastructure and beta release of shielded DeFi tools
    • Q3 2026: Activation of full DAO governance structure with AI-powered voting simulator
    • Q4 2026: Migration from Solana to native BTC3 chain through trustless 1:1 bridge and institutional onboarding

    Each phase represents a tangible product or infrastructure milestone with scheduled delivery dates. The current presale period enables community participation ahead of full mainnet deployment.

    Community and Ecosystem Growth

    Since the start of the presale, Bitcoin Swift has seen growing community engagement on its governance forums and social platforms. The protocol’s on-chain identity framework enables quadratic voting — a mechanism where governance influence is weighted by user reputation and verified credentials, rather than token quantity alone.

    The early traction reflects broader industry interest in decentralized ecosystems that offer programmable value accrual mechanisms and built-in security frameworks. The Proof-of-Yield (PoY) model distributes staking rewards at the close of each presale stage, incentivizing long-term engagement.

    Time-Sensitive Participation Window

    With Stage 1 concluding in less than 24 hours, the Bitcoin Swift presale is entering its first major transition point. Following this window, the token price will double to $2.00, and staking APY will be recalculated based on the updated tokenomics schedule. Only 64 total days have been allocated for the presale, with a hard stop date of September 18, 2025.

    The protocol’s structure offers early participants real-time access to evolving features, rather than requiring them to wait for mainnet activation. This model has attracted interest from a range of developers, users, and prospective governance delegates.

    About Bitcoin Swift

    Bitcoin Swift (BTC3) is a decentralized platform combining AI, privacy technology, and on-chain governance to create a scalable and adaptable financial protocol. It is built with a modular framework that supports programmable smart contracts, zk-SNARK privacy features, and a hybrid consensus mechanism optimized for real-world utility.

    The presale is currently live, with details, documentation, and roadmap updates available on the official website.

    For more information, visit:
    https://bitcoinswift.com

    Contact:
    Luc Schaus
    support@bitcoinswift.com 

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2262bfc1-38f1-4d98-9143-e444e8838e3e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1150a950-2f95-4a97-bcc8-4be8bc637e63

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1e943815-e52c-49ff-a5c2-d77949a0ec3e

    The MIL Network –

    July 25, 2025
  • MIL-OSI China: ​Internet industry conference shines light on future development

    Source: People’s Republic of China – State Council News

    The opening ceremony of the 24th China Internet Conference in Beijing, July 23, 2025. [Photo by Liu Sitong/China.org.cn]

    The 24th China Internet Conference opened in Beijing on July 23, with industry experts gathering to share their thoughts on the development and future of the internet sector. 

    At the event’s opening ceremony, Wu Hequan, former vice president of the Chinese Academy of Engineering, said the internet sector has entered an era of development driven by artificial intelligence (AI). As such, he said that the industry should rely on AI agents, instead of generative AI, to create new application scenarios in order to realize commercial success. 

    Wu added that “AI for Internet” and “Internet for AI” will empower new quality productive forces and drive the transformation of business formats; however, related applications still require further innovations in technology and to business models. 

    Tang Ke, deputy general manager of China Telecom, spoke about the profound upgrading of AI-related computing power, data, algorithms, applications and security technology amid the new round of sci-tech revolution and industrial transformation that has reshaped the industrial ecosystem. 

    To ride this trend, Tang explained that China Telecom has been innovating technologies and fully developing its strength in AI. In addition, the company is building smart cloud capabilities, exploring computing power coordination to improve efficiency, and enriching AI applications while ensuring security. 

    Cheng Jianjun, vice president of China Mobile, said as a new driving force for digital economy, computing power has been growing faster than they could have been imagined. He explained that the company has so far established 13 smart computing centers and are currently building several super-large smart computing centers. 

    He added that the company has also invested in quantum technology, including a quantum computing cloud platform that has connected 500 universities and colleges and incubated a dozen enterprises. Meanwhile, to serve the development of low-altitude economy, the company is building a digital infrastructure network enabling integrated sensing and communication.

    Hao Liqian, deputy general manager of China Unicom, spoke about his company’s efforts to accelerate the integrated development of computing power, network, digital technology and large-scale models, and their focus on offering AI services that are convenient, efficient, practical, safe and inclusive. By innovating services, the company has also helped various regions such as Beijing and Chongqing to upgrade their government service hotlines to go smart. 

    Zhu Zheng, senior vice president and chief development officer of the popular e-commerce company Pinduoduo, introduced a program they launched in April. The company plans to invest 100-billion-yuan worth of resources over the next three years to improve the e-commerce ecosystem and help businesses on their platform transform and upgrade. 

    According to Zhu, the company has so far connected 1,000 agricultural areas and helped 16 million agricultural workers to participate in the digital economy. Meanwhile, the firm also provides digital services for manufacturing enterprises regarding product design and development, production and branding. 

    Gao Ji, chief executive officer of Chinese semiconductor provider HiSilicon, said that the audio video industry is highly relevant to the development of the internet sector. The company aims to provide an improved consumer experience with audio and video products. 

    Han Yonggang, vice president of China’s leading cybersecurity company QAX, said the company has aligned cybersecurity capabilities with digital development. He said that AI security means ensuring safe use of AI technology as well as using AI as a new driving force to enhance our security capabilities. He called for cybersecurity management and technology to be better connected, ensuring cybersecurity management with systematic technical support. 

    The China Internet Conference was organized by the Internet Society of China and will run until July 25.

    MIL OSI China News –

    July 25, 2025
  • MIL-OSI: Stage 8 Presale Live for EVM Layer 2 Meme Coin Little Pepe, With Over $12M Raised in Total

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 25, 2025 (GLOBE NEWSWIRE) — Little Pepe (LILPEPE) is redefining what meme coins can accomplish in 2025. Built on an Ethereum Virtual Machine (EVM)-compatible Layer 2 community, this rapidly rising meme token has formally entered stage 8 of its presale. Priced at $0.0017, the latest stage follows a major milestone: over $12 million raised and more than 8.5 billion tokens sold so far. These numbers are turning heads across the crypto area, signaling both strong investor confidence and a brand-new wave of demand for meme coins that blend utility with viral culture.

    While many meme coins rely completely on internet hype and celebrity-pushed buzz, Little Pepe sticks out by way of turning in a scalable infrastructure built for long-term use. Its success in investment rounds and engaged network endorse that it can turn out to be one of the standout meme projects of the year.

    Layer 2 Power Meets Meme Energy

    What makes Little Pepe different is its Ethereum Layer 2 foundation, a crucial advancement that enhances the project’s overall utility and user experience. By operating on a Layer 2 chain, $LILPEPE can offer key benefits such as Lower transaction fees, Faster execution times, Reduced network congestion, and Ethereum-level security

    For users tired of expensive gas fees and slow transactions, Little Pepe’s infrastructure offers a welcome alternative. The EVM compatibility ensures seamless integration with existing Ethereum dApps and tools, increasing accessibility for developers and investors alike.

    This tech-forward approach gives Little Pepe a critical edge. While meme coins are typically seen as speculative, $LILPEPE is being increasingly viewed as a platform in development—a token with the architecture to support real-world applications in the near future.

    Over $12 Million Raised—and Counting

    Little Pepe’s presale has already crossed the $12 million mark, showcasing serious interest from retail and possibly even institutional investors. With each stage offering a higher price, whale investors have already seen the value of their holdings increase, reinforcing confidence in the project’s long-term prospects.

    More than 8.5 billion tokens have been sold, showing rapid and sustained interest as the presale progresses. Unlike many projects that struggle to maintain attention beyond initial hype, Little Pepe is building momentum with each passing week. The pace of this funding also indicates growing demand for Ethereum-based meme coins that offer something more. Investors aren’t just betting on humor—they’re betting on blockchain performance, future integrations, and scalability.

    Stage 8: A Crucial Presale Chapter

    Stage 8 marks a critical moment in the presale journey. At $0.0017, the current token price reflects the project’s rising profile and strong community support. As Little Pepe gets closer to potential exchange listings, this stage may represent one of the final opportunities for whale investors to secure a favorable entry point.

    Interest in Stage 8 is already climbing, mirroring the energy seen in previous rounds. With such a strong funding record and an increasingly global presence, it’s likely that this stage will sell out quickly—especially as the project approaches a broader marketing push and public launch. 

    As presale stages progress, each phase tends to close faster than the last. Investors following the project closely are now eyeing Stage 8 as a key moment to get in before $LILPEPE becomes more widely available.

    About Little Pepe

    Little Pepe is a next-gen Layer 2 blockchain designed to merge meme culture with high-speed, low-cost decentralized infrastructure. Built for scalability, security, and accessibility, Little Pepe supports EVM-compatible applications and is powered by means of the $LILPEPE token. The project’s mission is to create a meme coin environment wherein utility meets virality, empowering users through cutting-edge technology and lightning-fast transactions.

    For more information:

    Website: https://littlepepe.com/

    Telegram: https://t.me/littlepepetoken

    Twitter: https://x.com/littlepepetoken

    Contact Details: COO- James Stephen Email: media@littlepepe.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e74c864-def7-475a-a4cf-261380ce4586

    The MIL Network –

    July 25, 2025
  • MIL-OSI Russia: 166 trucks with humanitarian aid entered Gaza overnight – Egyptian source

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    CAIRO, July 25 (Xinhua) — About 166 trucks carrying humanitarian aid entered the Gaza Strip on the night from Wednesday to Thursday, Egyptian Al-Qahira Al-Ikhbariya TV reported, citing an anonymous source in the security forces.

    According to him, trucks carrying humanitarian aid entered the besieged enclave through the Zikim and Kerem Shalom /Kerem Abu Salem/ border crossings.

    The aid shipment included flour, food and medicine, the source said. “Egypt has stepped up its efforts with all international parties to deliver more aid to the Gaza Strip during this period,” he added.

    The humanitarian situation in the Palestinian enclave continues to deteriorate, with Israel cutting off supplies and food to Gaza after the first phase of the ceasefire agreement with Hamas expired in January.

    The UN Office for the Coordination of Humanitarian Affairs (OCHA) warned on Wednesday that hunger in the sector is at its worst ever, with aid workers and those they help exhausted, aid agencies say.

    A new round of indirect talks between Hamas and Israel resumed earlier this month in the Qatari capital Doha amid international efforts to end the conflict and resume humanitarian aid deliveries.

    Since October 2023, the Israeli military campaign has killed more than 59,210 Palestinians in the enclave and injured more than 143,040, according to Gaza’s medical authorities. –0–

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

    .

    MIL OSI Russia News –

    July 25, 2025
  • MIL-OSI Banking: 2025 Science Prize for Women “Generative AI for Smart Water Management”

    Source: ASEAN

    JAKARTA, 16 July 2025 – Reflecting on a decade of impact, the annual UL Research Institutes’-ASEAN-US Science Prize for Women celebrates the significance of women in science, technology, engineering, and mathematics (STEM) across the ASEAN region. This year’s prize is launched in partnership between UL Research Institutes (ULRI), UL Standards & Engagements (ULSE), the  US-ASEAN Business Council (USABC), and the Association of Southeast Asian Nations (ASEAN), with support from Google. The Prize continues to highlight its ongoing commitment to advancing gender equality and promoting scientific excellence in the ASEAN region.
     
    2025 Theme: Generative AI for Smart Water Management
     
    This year’s theme, “Generative AI for Smart Water Management”, emphasizes the transformative potential of Generative AI in addressing pressing water-related challenges. This theme focuses on groundbreaking research that harnesses Generative AI to deliver smarter, more sustainable, and resilient water management systems. Applications are welcomed across various sectors, including urban development, agriculture, environmental sustainability, and disaster risk reduction.
     
    Competition Categories and Prizes
     
    Eligible candidates will compete in two categories based on their stage of career:

        Mid-career Scientist category (those 45 years of age and under)
        Senior Scientist category (those 46 years of age and over)

     
    Finalists will be invited to participate in a final judging session and attend the official award ceremony, which will be held during the ASEAN Committee on Science, Technology and Innovation (COSTI) meetings in Bangkok, Thailand in October 2025.
     
    Winners will be awarded $12,500 each, with runner-ups awarded $5,000 each, thanks to the generous sponsorship of the UL Research Institutes (ULRI).
     
    ASEAN COSTI Chair emphasises the value of this initiative in strengthening regional resilience: “This year’s theme, Generative AI for Smart Water Management, could not be more timely. Across ASEAN, the impacts of climate change and water scarcity are growing concerns. The work of women scientists in leveraging cutting-edge technologies like AI is essential to shaping more inclusive, sustainable, and date-driven solutions. COSTI is proud to continue this initiative of championing scientific excellence and gender equity in ASEAN.”
     
    Interim President and Chief Executive Officer of USABC, Amb. (ret) Brian McFeeters, highlights the inaugural opportunity of USABC to contribute to this year’s Science Prize: “We are proud to support the 2025 Science Prize for Women, an initiative pivotal for recognising the excellence of women researchers in STEM across ASEAN. We are incredibly honoured to showcase the contribution of ASEAN women researchers in solving regional challenges through cutting-edge research in environmental governance, artificial intelligence (AI), and an innovation-led ASEAN. The Council would also like to thank Google for their valuable support in this year’s Prize.”
     
    Google’s support for this year’s Prize further highlights the significance of innovation in tackling ASEAN’s most pressing challenges. Their commitment to the inclusive development of AI particularly aligns with the Prize’s focus on prompting science-based solutions and empowering women researchers to lead in the region’s digital and environmental transformation.
     
    In their remarks, ULRI noted that, “The health of our environment is inseparable from the safety of our communities.” said Chris Cramer, Chief Research Officer for UL Research Institutes.  “This year’s Science Prize spotlights innovative research in generative AI for smart water management—empowering us to better predict and mitigate environmental risks, preserve vital ecosystems, protect water quality, and foster a more resilient planet for all.”
     
    Call for Applications
     
    We invite women scientists from all ten ASEAN member states who hold doctoral degrees relevant to this year’s theme to apply. This is a unique opportunity for ASEAN women researchers to showcase their impactful research and innovations in utilising Generative AI for the purpose of smart water management.
     
    For more information, please visit the ULRI’s ASEAN-U.S Science Prize for Women website here.
     
    Applications will close by 20 August 2025.
     
    Queries can be directed to scienceprize4women@gmail.com.
     
    The post 2025 Science Prize for Women “Generative AI for Smart Water Management” appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    July 25, 2025
  • Sensex, Nifty fall as FPI selling, weak global cues weigh on sentiment

    Source: Government of India

    Source: Government of India (4)

    India’s benchmark indices declined in early trade on Friday, weighed down by sustained selling by Foreign Portfolio Investors (FPIs) and weak global cues.

    The Nifty fell 110 points, or 0.44 per cent, to 24,943, while the Sensex shed 290 points, or 0.35 per cent, to 82,065.76.

    Ajay Bagga, Banking and Market Expert, said, “Indian markets are pointing to a continued negative outlook as per the traded futures. FPIs remain sellers while DIIs are absorbing the selling. Key support levels are being tested, making today’s price action crucial for the market’s health.”

    He added, “Earnings have largely remained weak, and with no India–US trade deal expected before the August 1 deadline, markets are entering a zone of concern. Fasten seat belts—we are seeing key support holding mainly due to resilient Indian retail investors, who continue to buy on dips and maintain faith in domestic management and the economy.”

    Broad market indices were also under pressure, with the Nifty 100 down 0.53 per cent, the Nifty Midcap 100 slipping 0.34 per cent, and the Nifty Smallcap 100 losing 0.56 per cent.

    Among sectors, only Nifty Pharma stayed in the green, up 0.26 per cent. Others posted losses: Nifty Auto fell 0.66 per cent, Nifty IT 0.19 per cent, Nifty Media 0.40 per cent, and Nifty Metal 0.46 per cent.

    Akshay Chinchalkar, Head of Research at Axis Securities, said, “The Nifty erased all its Wednesday gains on Thursday, dropping 159 points to close at 25,062. Yesterday’s candle formed another bearish engulfing: two in quick succession, which is rare. The key levels now are 25,000 as vital support and 25,245 as resistance. Bears will retain control unless we see a close above 25,340.”

    On the earnings front, several major companies are scheduled to report their quarterly results today, including Bajaj Finserv, Bank of Baroda, Cipla, Shriram Finance, SBI Cards, Schaeffler India, SAIL, Petronet LNG, Laurus Labs, Poonawalla Fincorp, Tata Chemicals, Aadhar Housing Finance, Grindwell Norton, and ACME Solar Holdings.

    Meanwhile, global cues remained weak. Upcoming US–China trade talks in Sweden on Monday are expected to shape the tone for US–India trade negotiations, particularly amid discussions on Russian oil supplies.

    With the RBI’s monetary policy meeting scheduled for August 6, investors are bracing for a potentially weak end to the week.

    Across Asia, markets traded lower. Japan’s Nikkei 225 was down 0.79 per cent, Singapore’s Straits Times slipped 0.48 per cent, Hong Kong’s Hang Seng dropped 1.19 per cent, and Taiwan’s Weighted Index edged down 0.08 per cent. South Korea’s KOSPI was the lone gainer, rising 0.35 per cent.

    (With inputs from ANI)

    July 25, 2025
  • Israel and US recall teams from Gaza truce talks, US says Hamas not showing good faith

    Source: Government of India

    Source: Government of India (4)

    Israel and the United States recalled their delegations from Gaza ceasefire talks for consultations on Thursday, with U.S. envoy Steve Witkoff accusing the Palestinian militant group Hamas of failing to act in good faith in the talks.

    It marked the latest setback in efforts to secure a deal that would bring a ceasefire to Gaza, secure the release of Israeli hostages held by Hamas, and bring respite to Palestinians suffering a sharply worsening humanitarian crisis.

    Witkoff said mediators had made a great effort but “Hamas does not appear to be coordinated or acting in good faith”. “We will now consider alternative options to bring the hostages home and try to create a more stable environment for the people of Gaza,” he wrote on X.

    Hamas said it was surprised by Witkoff’s remarks, adding that the group’s position had been welcomed by mediators and had opened the door to reaching a comprehensive agreement.

    “The movement affirms its keenness to continue negotiations and engage in them in a manner that helps overcome obstacles and leads to a permanent ceasefire agreement,” Hamas added in a statement early on Friday.

    An Israeli official with knowledge of the talks said Hamas’ response to the latest ceasefire proposal “does not allow for progress without a concession” by the group but that Israel intended to continue discussions.

    Both Israel and Hamas are facing pressure at home and abroad to reach a deal following almost two years of war, with the humanitarian situation inside Gaza deteriorating and Israelis worried about the conditions in which hostages are being held.

    Dozens of people have starved to death in Gaza the last few weeks as a wave of hunger crashes on the enclave, according to local health authorities.

    British Prime Minister Keir Starmer said the suffering and starvation in Gaza was an “unspeakable and indefensible” humanitarian catastrophe and called on Israel to urgently let in aid.

    “While the situation has been grave for some time, it has reached new depths and continues to worsen. We are witnessing a humanitarian catastrophe,” Starmer said in a statement.

    He will hold an emergency call with French and German partners on Friday to discuss what could be done to “stop the killing and get people the food they desperately need,” he said.

    The Gaza health ministry said two more people had died of malnutrition. The head of Shifa Hospital in Gaza City said the two were patients suffering from other illnesses who died after going without food for several days.

    Earlier in the day, there had been some apparent signs of progress in the mediation.

    A senior Hamas official told Reuters that there was still a chance of reaching a ceasefire deal but it would take a few days because of what he called Israeli stalling.

    A senior Israeli official had been quoted by local media as saying the new text was something Israel could work with.

    But, Israel’s Channel 12 said a rapid deal was not within reach, with gaps remaining between the two sides, including over where the Israeli military should withdraw to during any truce.

    Witkoff’s team did not immediately respond to a request to explain the Hamas demands that led to his withdrawal of the U.S. negotiators.

    The Hostages Families Forum, representing the family members of those held in Gaza, expressed concern at the recall of the Israeli team. “Each day that passes endangers the hostages’ chances of recovery and risks losing the ability to locate the fallen or gain vital intelligence about them,” it said.

    PEPPER SPRAY FIRED AT AID SITE

    Women going to fetch aid for their families on Thursday said U.S. contractors organising distribution asked them to come to pick up goods and then fired tear gas and pepper spray at them.

    “The Americans said ‘go, go’, and then said no, get back. They sprayed us with pepper spray so we went away. Five minutes later they shot tear gas at us … is this American humanitarian aid?” said Mervat al-Sakani.

    Asked for comment, a spokesperson for the aid organisation – the Gaza Humanitarian Foundation – said a limited amount of pepper spray was used “to prevent civilian injury due to overcrowding”, adding that GHF “didn’t want people to get hurt.” The spokesperson said women-only aid distribution had been “a major success” overall.

    GHF, a U.S.-and Israeli-backed organization, began distributing food packages in Gaza at the end of May.

    The U.N. has called the GHF’s model unsafe and a breach of humanitarian impartiality standards, which GHF denies.

    The U.N. rights office said on July 15 it had recorded at least 875 killings within the preceding six weeks in the vicinity of aid sites and food convoys in Gaza – the majority of them close to GHF distribution points.

    Most of those deaths were caused by gunfire that locals have blamed on the Israeli military. The military has acknowledged that civilians were harmed, saying that Israeli forces had been issued new instructions with “lessons learned”.

    Israel, which cut off all supplies to Gaza from the start of March and reopened it with new restrictions in May, says it is committed to allowing in aid but must control it to prevent Hamas diverting it.

    Israel says it has let in enough food for Gazans, and blames the United Nations for being slow to deliver it; the U.N. says it is operating as effectively as possible under conditions imposed by Israel.

    The war began when Hamas killed some 1,200 people and took 251 hostages in its October 7 attacks on Israel, according to Israeli tallies. Israel has since killed nearly 60,000 Palestinians in Gaza, according to Gaza health authorities.

    (Reuters)

    July 25, 2025
  • MIL-OSI China: Low-altitude economy attracts more aero firms

    Source: People’s Republic of China – State Council News

    Visitors learn about a flying vehicle at the International Advanced Air Mobility Expo in east China’s Shanghai on July 23, 2025. [Photo/Xinhua]

    Eyeing China’s booming low-altitude mobility sector, a number of companies unveiled their latest cutting-edge products and solutions at the first International Advanced Air Mobility Expo, which kicked off on Wednesday in Shanghai and will run through Saturday.

    With participation of nearly 300 exhibitors from around the globe, the event is expected to attract over 50,000 visitors, event organizers said.

    A variety of electric vertical takeoff and landing (eVTOL) aircraft are on display. For example, Vector5 — the world’s first large payload eVTOL aircraft designed by Vision Aero Ltd for emergency medical service and search and rescue — was unveiled at the event.

    With a maximum payload of 680 kilograms and takeoff weight of 3,180 kg, the seven-seat eVTOL aircraft developed by the Xi’an, Shaanxi province-based company is equipped with sufficient medical devices and fixation systems for stretchers. Compared with existing medevac helicopters, the eco-friendly aircraft can greatly reduce costs and improve efficiency when dealing with emergency rescue demands.

    “We expect to roll out a more cost-effective model compared to traditional helicopters with Vector5, by cutting the purchase cost by about 50 percent, thanks to the complete supply chain in China,” said Hu Yiqiang, general manager of the company.

    “The low-altitude economy is booming in China, and we see potential market demand for eVTOL aircraft in the medical service sector.”

    Also eyeing overseas markets, Vision Aeronautics is expanding its layout worldwide in regions such as Europe, the Middle East and Southeast Asia.

    During the expo, unmanned aircraft designed for logistics and transportation also attracted large crowds. Among them, the “Air Jeep” AI-101 — a super short take-off and landing (SuperSTOL) intelligent aircraft developed by McLean (Shanghai) Intelligent Technology Co Ltd — made its world debut at the expo.

    With a take-off and landing distance shorter than 40 meters and a minimum takeoff distance of 7 meters, the large fixed-wing unmanned aircraft is tailored for courier services within 600 kilometers, said the company.

    “The number of deliveries soared over 160-fold from 2010 to 2024 in China. Our aircraft can carry 500 kg of goods, and require no general aviation airports or long runways to take off or land. Logistics firms are in urgent need of such aircraft, which has been rushing us forward,” said Ma Liqi, co-founder and CEO of McLean.

    Big names from overseas are also at the expo. Sky Enterprises Inc from the United States is displaying its amphibious aircraft RC-3 Seabee for the first time in China.

    The model can adapt to complex take-off and landing scenarios such as water surfaces, grasslands, snowy fields and sandy areas. Its first version was produced in 1946, and since then, it has been widely applied in over 30 countries in fields such as tourism, transportation, emergency rescue, logistics and express delivery, forest fire fighting and border patrols.

    The aircraft has been through comprehensive upgrades to improve its load and endurance performance so as to tap into the Chinese market. Planning to obtain Chinese certificates within 10 months, the company said it is looking to launch a manufacturing base in the country, and deliver its upgraded aircraft around the end of next year.

    Celia Chen, CEO of the company, said: “We believe this is the best time for us to enter China as we see the nation’s great efforts in promoting the low-altitude economy, which gives us full confidence and solid support. The nation has a well-developed supply chain and advanced artificial intelligence technologies, and we hope to take such advantages to carry the classic aircraft forward.”

    MIL OSI China News –

    July 25, 2025
  • MIL-OSI Security: Coast Guard rescues 11-year-old child near San Diego

    Source: United States Coast Guard

    U.S. Coast Guard sent this bulletin at 07/24/2025 11:30 PM EDT

     

    07/24/2025 11:02 PM EDT

    PHOTOS AVAILABLE: The Coast Guard rescued an 11-year-old child from their capsized sailing vessel inside the San Diego Bay, Wednesday afternoon.

    MIL Security OSI –

    July 25, 2025
  • MIL-OSI Security: Coast Guard rescues 11-year-old child near San Diego

    Source: United States Coast Guard

    U.S. Coast Guard sent this bulletin at 07/24/2025 11:30 PM EDT

     

    07/24/2025 11:02 PM EDT

    PHOTOS AVAILABLE: The Coast Guard rescued an 11-year-old child from their capsized sailing vessel inside the San Diego Bay, Wednesday afternoon.

    MIL Security OSI –

    July 25, 2025
  • MIL-OSI China: British business leader: China’s innovation-driven growth provides new opportunities for global investors

    Source: People’s Republic of China – State Council News

    British business leader: China’s innovation-driven growth provides new opportunities for global investors

    This photo shows electric vertical take-off-and-landing (eVTOL) aircraft parking in a charging hangar at Luogang Park in Hefei, east China’s Anhui Province, July 2, 2025. (Xinhua/Zhou Mu)

    China is reshaping its growth model around strategic self-reliance, innovation-driven productivity, and systemic capabilities, which present fresh opportunities for foreign investors, said Jack Perry, Chairman of The 48 Group Club in Britain.

    In a recent interview with Xinhua, Perry highlighted China’s economic performance in the first half of 2025. He pointed to robust GDP growth, alongside the rapid expansion of the high-tech and equipment manufacturing sectors, the digital economy, and research and development investments. All of which, he said, underscores China’s pivot toward high-quality development.

    “China is not only rebalancing what it produces, but also how and why it produces,” Perry said. “There is a clear emphasis on integrated artificial intelligence (AI) deployment, green energy transformation, industrial sovereignty, and the dual-circulation model designed to weather geopolitical turbulence.”

    Perry praised China’s accelerating pace of innovation, asserting that the country is now a global leader in productivity and technological advancement. “AI is already being deployed at scale, robotics are being commercialized, and digital infrastructure is operational,” he noted. “China is executing a long-term strategy that other economies still only talk about.”

    A robot makes coffee at a booth at the 26th China High-Tech Fair (CHTF) in Shenzhen, south China’s Guangdong Province, Nov. 14, 2024. (Xinhua/Mao Siqian)

    As CEO of London Export Corporation, Perry noted growing global demand for Chinese innovations. “Companies across the Middle East, Europe, and South America are seeking high-quality, smart technologies from China, not because they are cheaper, but because they are better.”

    China’s vast and evolving consumer market also plays a pivotal role in shaping global product strategies, Perry added. With a growing middle-income population that is digitally integrated, quality-conscious, and values-driven, the Chinese market is driving a shift in how multinational firms design and adapt their products.

    “This is no longer about exporting to China,” he said. “It’s about designing with China.”

    He cited The 48 Group’s recent delegation visit to China’s Shandong, Zhejiang, and Beijing, where British companies were invited to co-develop new platforms with Chinese partners in areas such as smart retail and low-carbon urban logistics.

    Visitors view a car of Xiaomi SU7 series at the Zhongguancun Exhibition Center in Beijing, capital of China, June 20, 2025. (Xinhua/Ju Huanzong)

    In a time of rising protectionism and fragmented trade worldwide, Perry commended China’s continued commitment to openness. “While many economies are turning inward and building walls, China is doing the opposite. It is expanding partnerships, deepening trade ties, and strengthening global engagement,” he said.

    He pointed to initiatives such as the Belt and Road development and new trade agreements as evidence of China’s proactive approach.

    According to Perry, multinational corporations remain optimistic about China. “Some of the world’s most forward-looking companies are moving closer to China, not away. They recognize the scale, capability, and innovation ecosystem as essential to their own competitiveness.”

    He identified several sectors that offer significant opportunities for foreign investors, including AI compliance frameworks, energy infrastructure, robotics export services, smart mobility systems, and trusted commodity platforms.

    Jack Perry, chairman of the 48 Group Club, delivers a speech during the 2025 “Invest in China” UK Session in London, Britain, April 4, 2025. (Xinhua/Jia Yuchen) 

    MIL OSI China News –

    July 25, 2025
  • MIL-OSI Security: 621st CRW shows off mobility expertise during DLE

    Source: United States INDO PACIFIC COMMAND

    TRAVIS AIR FORCE BASE, Calif. — Beginning July 4, more than 185 members with the 621st Contingency Response Wing deployed across the United States and U.S. Indo-Pacific Command’s area of responsibility to generate support for the 2025 Department of the Air Force’s “first-in-a-generation” Department-Level Exercise (DLE) series.

    MIL Security OSI –

    July 25, 2025
  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for July 25, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on July 25, 2025.

    Gangs are going global and so is the illegal gun trade – NZ can do more to fight it
    Source: The Conversation (Au and NZ) – By Alexander Gillespie, Professor of Law, University of Waikato According to the Global Organised Crime Index, international criminal activity has increased over the past two years. And the politically fractured post-pandemic world has made this even harder for nations to combat. New Zealand is far from immune. According

    Historic ICJ climate ruling ‘just the beginning’, says Vanuatu’s Regenvanu
    By Ezra Toara in Port Vila Vanuatu’s Minister of Climate Change Adaptation, Ralph Regenvanu, has welcomed the historic International Court of Justice (ICJ) climate ruling, calling it a “milestone in the fight for climate justice”. The ICJ has delivered a landmark advisory opinion on states’ obligations under international law to act on climate change. The

    3 reasons young people are more likely to believe conspiracy theories – and how we can help them discover the truth
    Source: The Conversation (Au and NZ) – By Jean-Nicolas Bordeleau, Research Fellow, Jeff Bleich Centre for Democracy and Disruptive Technologies, Flinders University Conspiracy theories are a widespread occurrence in today’s hyper connected and polarised world. Events such as Brexit, the 2016 and 2020 United States presidential elections, and the COVID pandemic serve as potent reminders

    Waiting too long for public dental care? Here’s why the system is struggling – and how to fix it
    Source: The Conversation (Au and NZ) – By Santosh Tadakamadla, Professor and Head of Dentistry and Oral Health, La Trobe University Just over one-third of Australians are eligible for public dental services, which provide free or low cost dental treatment. Yet demand for these services continues to exceed supply. As a result, many Australian adults

    Butter wars: ‘nothing cures high prices like high prices’ – but will market forces be enough?
    Source: The Conversation (Au and NZ) – By Alan Renwick, Professor of Agricultural Economics, Lincoln University, New Zealand RobynRoper/Getty Images The alarming rise of butter prices has become a real source of frustration for New Zealand consumers, as well as a topic of political recrimination. The issue has become so serious that Miles Hurrell, chief

    Ultrafast fashion brand Princess Polly has been certified as ‘sustainable’. Is that an oxymoron?
    Source: The Conversation (Au and NZ) – By Harriette Richards, Senior Lecturer, School of Fashion and Textiles, RMIT University Carol Yepes/Getty Images Last week, the ultrafast fashion brand Princess Polly received B Corp certification. This certification is designed to accredit for-profit businesses that provide social impact and environmental benefit. Established on the Gold Coast in

    AI will soon be able to audit all published research – what will that mean for public trust in science?
    Source: The Conversation (Au and NZ) – By Alexander Kaurov, PhD Candidate in Science and Society, Te Herenga Waka — Victoria University of Wellington Jamillah Knowles & Digit/Better Images of AI, CC BY-SA Self-correction is fundamental to science. One of its most important forms is peer review, when anonymous experts scrutinise research before it is

    Columbia’s $200M deal with Trump administration sets a precedent for other universities to bend to the government’s will
    Source: The Conversation (Au and NZ) – By Brendan Cantwell, Associate Professor of Higher, Adult, and Lifelong Education, Michigan State University Students at Columbia University in New York City on April 14, 2025. Charly Triballeau/AFP via Getty Images Columbia University agreed on July 23, 2025, to pay a US$200 million fine to the federal government

    Miles Franklin 2025: Siang Lu’s Ghost Cities is a haunting comedy about tyranny. Is it the funniest winner ever?
    Source: The Conversation (Au and NZ) – By Joseph Steinberg, Forrest Foundation Postdoctoral Fellow, English & Literary Studies, The University of Western Australia Siang Lu David Kelly/UQP The Miles Franklin judges described Siang Lu’s Ghost Cities, winner of the 2025 award, as “a grand farce and a haunting meditation on diaspora”. To my mind, it

    Keep fighting for a nuclear-free Pacific, Helen Clark warns Greenpeace over global storm clouds
    Asia Pacific Report Former New Zealand prime minister Helen Clark warned activists and campaigners in a speech on the deck of the Greenpeace environmental flagship Rainbow Warrior III last night to be wary of global “storm clouds” and the renewed existential threat of nuclear weapons. Speaking on her reflections on four decades after the bombing

    Business coalition calls for 25% cut in the cost of red tape by 2030
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Business, universities, and investors have jointly urged the federal government to commit to cutting the cost of red tape by 25% by 2030, in a submission for next month’s Economic Reform Roundtable. The push to reduce regulation is in line

    Grattan on Friday: net zero battle has net zero positives for Sussan Ley
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra There’s no other way of looking at it: Sussan Ley faces a diabolical situation with the debate over whether the Coalition should abandon the 2050 net zero emissions target. The issue is a microcosm of her wider problems. The Nationals,

    The Murray–Darling Basin Plan Evaluation is out. The next step is to fix the land, not just the flows
    Source: The Conversation (Au and NZ) – By Michael Stewardson, CEO One Basin CRC, The University of Melbourne Yarramalong Weir is one of many barriers to the passage of fish in the Murray-Darling Basin. Geoff Reid, One Basin CRC A report card into the A$13 billion Murray–Darling Basin Plan has found much work is needed

    The Murray–Darling Basin Plan Evaluation is out. The next step is to fix the land, not just the flows
    Source: The Conversation (Au and NZ) – By Michael Stewardson, CEO One Basin CRC, The University of Melbourne Yarramalong Weir is one of many barriers to the passage of fish in the Murray-Darling Basin. Geoff Reid, One Basin CRC A report card into the A$13 billion Murray–Darling Basin Plan has found much work is needed

    Reserve Bank says unemployment rise was not a shock, inflation on track
    Source: The Conversation (Au and NZ) – By John Hawkins, Head, Canberra School of Government, University of Canberra Reserve Bank Governor Michele Bullock has fleshed out the central bank’s thinking behind its surprise decision to keep interest rates on hold this month. In a speech today to the Anika Foundation, Bullock said there has been:

    Reserve Bank says unemployment rise was not a shock, inflation on track
    Source: The Conversation (Au and NZ) – By John Hawkins, Head, Canberra School of Government, University of Canberra Reserve Bank Governor Michele Bullock has fleshed out the central bank’s thinking behind its surprise decision to keep interest rates on hold this month. In a speech today to the Anika Foundation, Bullock said there has been:

    Israel waging ‘horror show’ starvation campaign in Gaza, says UN chief
    This is Democracy Now!. I’m Amy Goodman. More than 100 humanitarian groups are demanding action to end Israel’s siege of Gaza, warning mass starvation is spreading across the Palestinian territory. The NGOs, including Amnesty International, Oxfam, Doctors Without Borders, warn, “illnesses like acute watery diarrhea are spreading, markets are empty, waste is piling up, and

    Israel waging ‘horror show’ starvation campaign in Gaza, says UN chief
    This is Democracy Now!. I’m Amy Goodman. More than 100 humanitarian groups are demanding action to end Israel’s siege of Gaza, warning mass starvation is spreading across the Palestinian territory. The NGOs, including Amnesty International, Oxfam, Doctors Without Borders, warn, “illnesses like acute watery diarrhea are spreading, markets are empty, waste is piling up, and

    Historic ruling finds climate change ‘imperils all forms of life’ and puts laggard nations on notice
    Source: The Conversation (Au and NZ) – By Jacqueline Peel, Professor of Law and Director, Melbourne Climate Futures, The University of Melbourne Hilaire Bule/Getty Climate change “imperils all forms of life” and countries must tackle the problem or face consequences under international law, the International Court of Justice (ICJ) has found. The court delivered its

    Jet ski accidents are tragic but preventable. Here’s how to reduce the risk
    Source: The Conversation (Au and NZ) – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne Richard Hamilton Smith/Getty Two teenage boys were thrown from a jet ski during a ride on the Georges River in Sydney’s south this week. One died at the scene. The other

    MIL OSI Analysis – EveningReport.nz –

    July 25, 2025
  • MIL-OSI USA: SPC Jul 25, 2025 0100 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

     For best viewing experience, please enable browser JavaScript support.

    Jul 25, 2025 0100 UTC Day 1 Convective Outlook

    Updated: Fri Jul 25 00:59:42 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 250059

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0759 PM CDT Thu Jul 24 2025

    Valid 250100Z – 251200Z

    …THERE IS A MARGINAL RISK OF SEVERE THUNDERSTORMS FROM PARTS OF
    KS/NORTHWEST OK NORTHEASTWARD INTO THE LOWER GREAT LAKES…AND ALSO
    ACROSS THE HIGH PLAINS…

    …SUMMARY…
    Locally damaging thunderstorm wind gusts remain possible tonight
    from parts of Missouri into the lower Great Lakes region. Isolated
    hail and strong to severe gusts are also possible across parts of
    the central and northern High Plains.

    …Parts of MO into the lower Great Lakes…
    A loosely organized MCS has developed across parts of northeast MO
    this evening. This system may continue moving east-northeast along a
    surface boundary tonight, aided by very rich downstream moisture and
    moderate buoyancy (as observed in the 00Z ILX sounding). While this
    system has largely remained subsevere thus far, and low/midlevel
    flow is forecast to remain relatively modest, locally damaging gusts
    cannot be ruled out as it approaches parts of central/northern IL
    and northwest IN later tonight.

    Farther east, convection has generally weakened or moved into
    Ontario from southern lower MI this evening. Strong storms remain
    over parts of southeast Ontario, and these storms may approach parts
    of western NY with isolated strong to locally damaging gusts before
    subsiding.

    …Central/northern High Plains…
    Widely scattered strong to locally severe storms may continue
    through at least dusk across parts of the central and northern High
    Plains, within a moderately unstable environment. Effective shear of
    25-35 kt will support potential for hail with the strongest discrete
    cells, while isolated strong to severe gusts also remain possible,
    especially if any notable outflow consolidation occurs later this
    evening.

    ..Dean.. 07/25/2025

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    .html”>Latest Day 2 Outlook/Today’s Outlooks/Forecast Products/Home

    MIL OSI USA News –

    July 25, 2025
  • MIL-OSI Australia: Does artificial intelligence help uni students learn smarter or just faster?

    Source:

    25 July 2025

    New research from the University of South Australia has revealed that tertiary students’ learning habits are deeply connected to how they engage with generative artificial intelligence tools.

    Surveying 435 students from Australia and Canada, the study investigated how confidence, motivation, and effort regulation influence perceptions of AI-powered tools such as ChatGPT.

    Researchers found that self-regulated learning skills play a significant role in whether students adopt AI as a meaningful learning aid or merely a quick solution for academic tasks.

    The findings show that university students who use AI for academic purposes benefit more than those using it for work or personal tasks. They also show that student who feel confident in their abilities are more likely to use Ai to benefit their learning.

    Lead researcher, UniSA’s Associate Professor Negin Mirriahi, says that the way students approach AI tools reflects their broader learning strategies.

    “Some students see AI as a shortcut, using it to finish assignments more quickly, but our research suggests that those with strong self-regulation skills actually harness it for deeper learning,” Assoc Prof Negin Mirriahi says.

    “It’s not just about speed; it’s about how students engage with knowledge.

    “When students feel confident in their capabilities, they are more likely to engage with and effectively use technological tools.”

    The study highlights a distinction between students who use AI for university studies and those who engage with it for non-academic purposes such as work or entertainment.

    Those using AI for learning were more likely to find it useful, reinforcing the connection between structured self-regulation and effective AI adoption.

    Assoc Prof Mirriahi says the findings should inform how universities integrate AI into education.

    “Artificial intelligence is reshaping higher education, and our study shows that students who are motivated and confident in their learning benefit the most from AI tools,” she says.

    “The challenge for universities is to ensure AI fosters independent thinking rather than becoming a crutch for students who lack self-regulation.

    “We need to help students develop the skills to critically engage with AI, not just rely on it for convenience.”

    The researchers say that universities should model AI use in classrooms, demonstrating ways that students can engage with the technology to strengthen their critical thinking and independent learning.

    “We need to see more engagement with AI in university environments, so that teachers can demonstrate how AI can benefit student learning,” Assoc Prof Mirriahi says.

    “This might include showcasing how AI can generate ideas, explain complex concepts, or even critique their work.

    “Importantly, through direct and guided engagement, students will learn how they can confidently and responsibly engage with AI to enhance their learning experiences, without cheating.”

    Study co-author, UniSA’s Associate Professor Vitomir Kovanović, says that while AI adoption is increasing, there is a risk that some students may rely on it superficially, rather than using it to refine study skills and deepen understanding.

    “The concern isn’t just whether students use AI, it’s about how they use it,” Assoc Prof Kovanović says.
    “If they approach AI critically and actively evaluate its responses, they can enhance their learning.

    “But if AI simply becomes a shortcut to completing tasks, we may see gaps in how students develop their problem-solving skills.”

    Assoc Prof Kovanović says that universities should focus on fostering self-efficacy and effort regulation in students.

    “Students who have confidence in their learning abilities and persist through challenges tend to find AI genuinely useful,” he says.

    “Universities must equip students with strategies to use AI effectively so that it enhances their critical thinking, rather than replacing it.

    “AI is already embedded in education, and it’s only going to become more prevalent. Our responsibility is to ensure students are equipped with the right strategies to navigate it effectively.”

    ………………………………………………………………………………………………………………………….

    The full paper is available here: Mirriahi, N., Marrone, R., Barthakur, A., Gabriel, F., Colton, J., Yeung, T. N., Arthur, P., & Kovanovic, V. (2025). The relationship between students’ self-regulated learning skills and technology acceptance of GenAI. Australasian Journal of Educational Technology.

    ………………………………………………………………………………………………………………………

    Contacts for interview:  Associate Professor Negin Mirriahi E: Negin.Mirriahi@unisa.edu.au
    Associate Professor Vitomir Kovanović E: Vitomir.Kovanovic@unisa.edu.au
    Media contact: Annabel Mansfield M: +61 479 182 489 E: Annabel.Mansfield@unisa.edu.au

    MIL OSI News –

    July 25, 2025
  • MIL-OSI Banking: Samsung Launches Galaxy Z Fold7, Galaxy Z Flip7 and Galaxy Watch8 Series Globally Starting Today

    Source: Samsung

    Samsung Electronics today announced the global availability of its latest foldable smartphones, Galaxy Z Fold7 and Galaxy Z Flip7, as well as its new Galaxy Watch8 series.
     
     
    Galaxy Z Fold7 and Z Flip7: Ultra-Thin and Light With Intuitive Intelligence
    Refined by years of breakthrough engineering and elevated with advanced intelligence, Galaxy Z Fold7 and Z Flip7 represent the next leap in smartphone innovation. Galaxy Z Fold7 and Z Flip7 are Samsung’s thinnest, lightest and most advanced Z series devices yet. Powered by cutting-edge performance and seamlessly integrated Galaxy AI,1 they are intelligent, adaptive companions that anticipate and respond to user needs in real time. With expansive, flexible displays, pro-grade cameras and context-aware intelligence, Galaxy Z Fold7 and Z Flip7 open up new realms of ultra experience with productivity, creativity and connection.
     

     
    Galaxy Z Fold7 brings Galaxy advancements together and broadens their scope, delivering an ultra-level experience in the thinnest, lightest and most advanced Z series yet. It offers immersive, high-octane performance on an expansive screen, empowering users to game, stream, connect and create all at once. Galaxy’s true AI companion experience has also been optimized for the foldable format, enabling fluid interactions across more apps and the larger screen. And with camera and screen sharing with Gemini Live,2 users can talk naturally to Gemini about what they’re viewing. They can simply share a picture of a local delicacy while they’re exploring a new city and ask Gemini whether there is a nearby restaurant where they can try it. Plus, Galaxy Z Fold7’s ultra-grade 200 MP high-resolution camera gives the freedom to shoot at flexible angles, putting professional-quality content creation at users’ fingertips. For example, convenient editing features like Generative Edit3 now automatically detect passersby in the background of photos and proactively recommend what to remove, eliminating the need to make manual selections and edits. Apart from these features, Galaxy Z Fold7 brings familiarity and durability in a head-turning new design that unfolds into something extraordinary.

     
    As for Galaxy Z Flip7, it distills flagship power, intelligence and personality into a compact and iconic form. With its edge-to-edge FlexWindow, users can express themselves, access key features at a glance and stay connected — all without opening the device. Built for dynamic lifestyles, Galaxy Z Flip7 transforms the way users capture and share content, from flawless selfies to cinematic video, all with the agility and creativity only Flip devices can offer. Now Bar4 delivers helpful information right on Galaxy Z Flip7’s FlexWindow to help users stay in control of their day, such as what song is playing, workout progress and even rideshare ETAs at a glance. Gemini Live also allows users to share what they see through their camera and chat with Gemini in real time directly on FlexWindow. So, they can ask for travel tips while road tripping with their dog or outfit suggestions based on the day’s weather. Users can also simply share the camera in Flex Mode and converse with Gemini hands-free. Galaxy Z Flip7’s FlexCam makes it easier than ever to capture the perfect selfie. Real-time filters on the FlexWindow instantly enhance users FlexCam selfies, so that they can be ready to post or share without the need for any extra editing. And with fun new features like Portrait Studio5 for pets, users can instantly transform any snapped or downloaded pet photo into a work of art. They can choose from styles that resemble artistic paintings, 3D cartoons, fisheye lens photos or professional-quality portraits and create frame-worthy masterpieces with one quick tap.

     
    Years of breakthrough engineering have led foldables to become flexible canvases for the new AI experience. As a new class of smartphones designed to fit in with and elevate user lives, Galaxy Z Fold7 and Galaxy Z Flip7 represent this achievement. Familiar yet transformative, they blend power, portability, style and substance, whether users seek a revolutionary, ultra-level experience or an AI powerhouse that fits in their pocket. As form factors evolve to look and think differently, this generation of foldables represents the next leap in smartphone innovation.
     

     
     
    Galaxy Watch8 Series: Ultra-Comfort Meets Real-Time Health Motivation
    Completing the Galaxy ecosystem, the Galaxy Watch8 series — including Galaxy Watch8 and Galaxy Watch8 Classic — brings the same spirit of re-engineering found in the new phones to the wrist. Galaxy Watch8 features advanced sensor technology and creates an intuitive AI-powered experience to help users fulfill a healthier, more connected life, while its ultra-thin cushion design and Dynamic Lug system flex naturally for all-day comfort and more precise sensor contact. Leveraging Samsung’s BioActive Sensor for continuous health tracking, the watches deliver real-time insights and instant rewards or alerts across sleep, stress, nutrition and activity, turning healthy intentions into immediate, motivating feedback.6 Plus, for the first time in a smartwatch, Galaxy Watch8 has introduced the Antioxidant Index,7 enabling users to measure carotenoid levels in just five seconds and make informed lifestyle choices for healthy aging.

     
     
    Hands-On With the Galaxy Z Series and the Watch8 Series at Galaxy Experience Spaces
    After Unpacked, Samsung opened its Galaxy Experience Spaces in major cities including Dubai, London, New York, Paris and Seoul. Designed to offer consumers an early, hands-on experience of the newest Galaxy devices, these spaces featured interactive zones that highlighted the devices’ design, performance and Galaxy AI features. Samsung also partnered with local communities including running, photography and skateboarding groups to host various sessions, teaching visitors how they can get the most out of their new devices.
     
    In addition, Samsung launched a new Experience Store locator feature on Samsung.com, making it easier for users to find nearby stores and try the newest devices in person.
     

     

     

     

     

     

     
     
    Availability
    Galaxy Z Fold7, Galaxy Z Flip7, Galaxy Watch8 and Galaxy Watch8 Classic will be available for purchase at Samsung.com and in stores across 49 markets starting July 25, before being made available in over 110 markets worldwide. Galaxy Z Fold7 is offered in Blue Shadow, Silver Shadow, Jetblack8 and an online-exclusive Mint.9 Galaxy Z Flip7 comes in Jetblack, Blue Shadow, Coralred10 and an online-exclusive Mint.11 Galaxy Z Flip7 FE, which brings the foldable experience to a wider audience, is available in Black or White.

     
    So far, Blue Shadow has emerged as the most popular color globally for both Galaxy Z Fold7 and Z Flip7, accounting for nearly 40% of pre-orders for both devices.
     
    Galaxy Watch8 is available in two sizes — 44 mm and 40 mm — and comes in Graphite or Silver. Galaxy Watch8 Classic comes in 46 mm with Black or White options, while the new Galaxy Watch Ultra is offered in four titanium finishes, including the new Titanium Blue.
     
    For greater peace of mind, Samsung Care+12 offers comprehensive coverage for accidental damage, repairs and replacements. Plus, for users who love having the latest technology, Samsung is introducing the New Galaxy Club.
     
    Users can get expanded access to Google AI Pro and 2 TB of cloud storage for 6 months at no cost with Galaxy Z Fold7, Galaxy Z Flip7 and Galaxy Z Flip7 FE.
     
    For more information about the Galaxy Z series and Galaxy Watch8 series, please visit: Samsung Newsroom, SamsungMobilePress.com and Samsung.com.
     
     
    1 Samsung Account login may be required to use certain AI features. Samsung does not make any promises, assurances or guarantees as to the accuracy, completeness or reliability of the output provided by AI features. Availability of Galaxy AI features may vary depending on the region/country, OS/One UI version, device model and phone carrier. Galaxy AI features will be provided for free until the end of 2025 on supported Samsung Galaxy devices. Different terms may apply for AI features provided by third parties. Galaxy AI service may be limited for minors in certain regions with age restrictions over AI usage.
    2 Gemini Live feature requires internet connection and Google Account login. Service availability may vary by country, language, device model. Features may differ depending on subscription and results may vary. Compatible with certain features and certain accounts. Only available to users 18 years or older. Accuracy of results is not guaranteed.
    3 Generative Edit feature for Photo Assist requires a network connection and Samsung Account login. Editing with Generative Edit may result in a resized photo. A visible watermark is overlaid on the image output upon saving in order to indicate that the image is generated by AI. The accuracy and reliability of the generated output is not guaranteed.
    4 Availability of functions supported within the apps may vary by country. Some functional widgets may require a network connection and/or Samsung Account login.
    5 Portrait Studio feature for Photo Assist requires a network connection and Samsung Account login. Editing with Portrait Studio results in a resized photo. A visible watermark is overlaid on the image output upon saving in order to indicate that the image is generated by AI. The accuracy and reliability of the generated output is not guaranteed.
    6 Not intended for use in detection, diagnosis or treatment. Intended for general wellness and fitness purposes only. The result is for your personal reference only. Please consult a medical professional for advice.
    7 Antioxidant index available on Android phones (Android 10 or above) and requires the Samsung Health app (v6.30 or above). Samsung account login required. To measure, place the center of your finger on the sensor at the back of the Watch and hold it for 5 seconds. While Anti-oxidant index can be measured using any finger, the thumb is recommended for the most accurate result. Repeat measurement due to uneven skin texture may lead to inaccurate results. Antioxidant index is for fitness and wellness only. Not intended for use in detection, diagnosis or treatment of any medical condition. Please consult a medical professional for advice if you’re concerned about your antioxidant level. This is a Labs feature that you can preview before its official launch. If you don’t want to use this experimental feature, you can turn it off in Samsung Health settings.
    8 Color availability may vary depending on market, country or carrier.
    9 Online exclusive colors only available on Samsung.com.
    10 Color availability may vary depending on market, country or carrier.
    11 Online exclusive colors only available on Samsung.com.
    12 Terms and conditions apply. Samsung Care+ coverage, service type and promotion details may vary by country/region and deductible (service fee) may apply. To be eligible for Samsung Care+ promotion benefit, registration may be required. For detailed Samsung Care+ information, please visit https://www.samsung.com/samsung-care-plus/.

    MIL OSI Global Banks –

    July 25, 2025
  • MIL-OSI USA: Case Opposes Foreign Affairs Funding Measure That Weakens National Security By Slashing Critical Foreign Assistance Efforts

    Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

    (Washington, DC) – U.S. Congressman Ed Case (HI-01), a member of the House Appropriations Committee, voted in Committee against the proposed Fiscal Year (FY) 2026 National Security, Department of State and Related Programs Appropriations bill that would our nation’s foreign affairs programs and agencies by 22%  

    This measure funds (or should fund) U.S. foreign policy efforts, including the Department of State, U.S. Agency for International Development (USAID), U.S. contributions to the United Nations and its agencies and more.  

    The bill historically provides for international diplomatic presence and outreach as well as foreign assistance in public health, basic education, educational and cultural exchanges, climate change and more. The bill’s proposed FY 2026 discretionary funding level is $46.2 billion. This is a decrease of $13 billion (22 percent) from the FY 2025 enacted level.  

    “While this measure did fund many critical Hawai‘i and Indo-Pacific priorities I requested, I had to vote against it because on balance it weakens our global leadership when the world most needs our continued full engagement,” said Case.

    Case spoke in Committee in opposition to the measure, saying it would “split our alliances, partnerships and friendships and cast our country as an unreliable partner”, allowing the People’s Republic of China to fill voids left by U.S. disengagement. His remarks are here.

    The bill continues the Trump administration’s gutting of U.S. foreign assistance across a broad array of efforts, including: 

    ·         Codifying the closure of the U.S. Agency for International Development. 

    ·         Cutting international humanitarian aid by 42% in activities previously funded under International Disaster Assistance and Migration and Refugee Affairs.  

    ·         Cutting U.S. bilateral economic assistance by 21% in activities previously funded under Development Assistance, Economic Support Fund and other accounts.  

    ·         Creating a $1.7 billion transactional slush fund for the Trump administration called the “America First Opportunity Fund” with no effective congressional oversight.  

    However, Case did welcome support in the bill for various of his requests related to Hawai‘i and the Indo-Pacific, especially $16.7 million for the East-West Center in Honolulu.

    “As we continue to focus on the growing influence of the PRC in the Indo-Pacific, our national security interests must also include diplomatic engagement and assistance to promote peace and diplomacy in the region,” said Case. “Continued funding for our East-West Center and other world-leading institutions in Hawai‘i supports our country’s standing in an area widely seen as the most dynamic and critical on earth.” 

    “For all seven of my years on Appropriations, I have ranked full funding for the Center at the top of my annual requests to my committee because I believe not only in the Center’s invaluable work but in what it represents for Hawaii’s central role in the Asia-Pacific and in the broader benefits that bring high-quality … jobs to our overall economy,” he said.

    “Though we still have a long way to go this appropriations year, I’m grateful that my House colleagues have again favorably considered my request, especially when the President’s budget proposed zero funding for the Center.” 

    Other bill provisions requested by Case include:

    ·         $1.8 billion for the implementation of the Indo-Pacific Strategy, which promotes peace, prosperity and democracy in the region. 

    ·         $175 million for the Pacific Islands region, the same as FY 2025 enacted levels.  

    ·         $3 million for the Advancing Port Enhancement and Customs Security program in the Pacific Islands.  

    ·         Funding for Pacific Islands exchange programs, with a focus on partnering with universities in Pacific locations.  

    ·         Funding for small grants programs to assist local communities across the Pacific Islands.  

    ·         Funding for a Flexible Microfinance Facility for the Pacific Islands, launched by the Development Finance Corporation with the Department of State. 

    ·         Report language supporting funding for free and open media in the Pacific.  

    ·         Funding for trade capacity-building activities in the Pacific Islands. 

    ·         Report language supporting the Peace Corps’ expansion in the Pacific. 

    ·         Funding for a demand-driven initiative to diversify trade opportunities in the Pacific Islands.  

    ·         Language requiring a report on ways to strengthen U.S. trade and investment with the Pacific Islands.  

    ·         Funding for unexploded ordinance removal in the Pacific Islands, including Papua New Guinea and Solomon Islands.  

    ·         Language requiring a strategy for faith-based engagement for assistance in the Pacific Islands.  

    The bill further includes funding for several foreign policy programs supported by Case, although some at unacceptably low levels. Among them are: 

    ·         $411 million for the Peace Corps, a decrease of $20 million from FY 2025. 

    ·         $411 million for peacekeeping operations, the same as FY 2025. 

    ·         $562.3 million to support international peacekeeping activities, a decrease of $838 million. 

    ·         $701 million for educational and cultural exchange programs, which include the Fulbright programs, a decrease of more than $40 million. 

    ·         $310 million for contributions to international organizations, a decrease of $1.2 billion. 

    ·         $1.5 billion for the Global Fund to Fight AIDS, Tuberculosis and Malaria, a decrease of $200 million. 

    ·         $915 million for maternal and child health programs. 

    A summary of the bill is available here.  

    This is the ninth of twelve separate bills developed and approved by the Appropriations Committee that would fund the federal government at some $1.6 trillion for FY 2026 commencing October 1st of this year. The bill now moves on to the full House of Representatives for its consideration.

    ###

     

    MIL OSI USA News –

    July 25, 2025
  • MIL-OSI USA: Bill to Fund Key Transportation and Housing Programs in Maine Clears Appropriations Committee

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Published: July 24, 2025

    Washington, D.C. – U.S. Senator Susan Collins, Chair of the Appropriations Committee, announced that she secured significant funding and provisions for Maine in the Fiscal Year 2026 Transportation, Housing and Urban Development (THUD) Appropriations Act. The bill, which was officially approved by the Senate Appropriations Committee today, now awaits consideration by the full Senate and House.

    The measure, which was advanced by a vote of 27-1, provides $400 million in defense funding and $99.8 billion in nondefense funding.

    “Strengthening local economies throughout Maine starts with prioritizing and improving our infrastructure and transportation network. This legislation would build on previous investments, providing funding to enhance safety, move people and products more safely and efficiently, and create jobs across the state. It would also maintain existing rental assistance for more than 4.6 million households throughout the United States and invest in programs aimed at tackling homelessness,” said Senator Collins. “As the Chair of the Appropriations Committee, I will continue to advocate for this funding as the appropriations process moves forward.”

    Since joining the Appropriations Committee in 2009, Senator Collins has helped to secure more than $1 billion in competitive transportation grants for the State of Maine.

    Bill Highlights:

    Local Projects: Nearly $135 million for Congressionally Directed Spending projects in Maine. This includes more than $46 million for six MaineDOT projects.

    Department of Transportation:

    • Bridge Repair and Rehabilitation Funding: $350 million for a competitive rural bridge rehabilitation and replacement program, of which Maine is guaranteed to receive at least $32.5 million and is eligible for up to $55 million.
    • BUILD Grants: $250 million for BUILD grants, a program championed by Senator Collins to provide federal assistance for vital transportation projects across the country. Maine has received more than $393 million since the program, previously known as TIGER and RAISE, was established in 2009.
    • Consolidated Rail Infrastructure and Safety Improvement (CRISI) Grants: $100 million for discretionary CRISI grants to support projects that improve the safety, efficiency, and reliability of intercity passenger and freight rail.
    • State Maritime Academies (SMAs): $143 million for SMA Operations, which includes $115 for the National Security Multi-Mission Vessels program and associated SMA shore-side infrastructure improvements, benefitting Maine Maritime Academy.
    • Ports and Shipyards: $75 million for the Port Infrastructure Development Program to support improvements to ports and $30 million for the Small Shipyard Grant program to support capital improvements and workforce training in shipbuilding, ship repair, and associated industries. Maine shipyards that have benefitted from the Small Shipyards Grant program include Rockland Marine Corporation, Washburn & Doughty, and Front Street Shipyard.
    • Aviation Improvement Program (AIP): $4 billion, which includes $25 million in discretionary supplemental AIP funding, which has benefited airports in Bangor, Presque Isle, Old Town, and Wiscasset in prior years. This also includes $25 million for a new discretionary rural airport grant program that targets those airports who have typically received a smaller amount of entitlement money based on their annual AIP formula amounts. Hancock County-Bar Harbor Airport would be eligible to receive funds from this new rural airport program.
    • Essential Air Service (EAS): $513.6 million to support all existing EAS communities, including Augusta, Hancock County-Bar Harbor, Presque Isle, and Rockland.

    Department of Housing and Urban Development (HUD):

    • Community Development Block Grants (CDBG): $3.1 billion for the CDBG program, which helps state and local governments promote economic development and job creation.
    • HOME Investment Partnerships Program: $1.25 billion for the HOME program, which provides critical funding for the development of new affordable housing.
    • Youth Homelessness: $107 million for the Youth Homelessness Demonstration program and $25 million for Family Unification Program (FUP) vouchers for youth exiting foster care and at risk of homelessness.
    • Aging-in-Place Home Modifications for Seniors: $30 million for home modification grants to enable low-income seniors to “age in place” and remain in their own homes. The bill addresses several barriers to greater participation, including streamlining environmental reviews, adjusting the cost per property cap to account for increased labor and materials costs, and encouraging rather than requiring the use of occupational therapists.
    • Housing for the Elderly: $972 million for the Housing for the Elderly (Section 202) program, of which $122 million is for the development of new HUD-assisted senior housing properties.
    • Housing During Substance Abuse Recovery: $30 million for states to provide individuals in recovery with stable, temporary housing. This includes more than $1 million for transitional housing support for addiction recovery programs in Maine.
    • Lead Hazard Reduction Grants: $295.6 million to remediate lead-based paint hazards, helping communities protect children from the harmful effects of lead-based paint poisoning in homes.

    This funding and language advanced through the Committee’s markup of the FY 2026 THUD Appropriations bill—an important step that now allows the bill to be considered by the full Senate.

    MIL OSI USA News –

    July 25, 2025
  • MIL-OSI China: Broader, improved medical coverage for a healthier country

    Source: People’s Republic of China – State Council News

    BEIJING, July 24 — During the 2021-2025 period, China’s basic medical insurance has maintained a coverage rate of around 95 percent, with over 1.32 billion people enrolled in 2024, according to the National Healthcare Security Administration (NHSA).

    Zhang Ke, head of the administration, unveiled the data on Thursday at a press conference highlighting achievements during the 14th Five-Year Plan period (2021-2025).

    Medical assistance schemes cover approximately 80 million people in China each year, helping to ensure that they can benefit from the insurance program, Zhang said.

    According to Li Tao, deputy head of the administration, during the 2021-2025 period, relevant authorities nationwide have spent about 72.3 billion yuan (about 10.1 billion U.S. dollars) to assist people from disadvantaged groups, providing support for 350 million instances of insurance coverage.

    Thanks to this support, over 99 percent of China’s low-income population and those lifted out of poverty in the country’s rural areas are now covered by medical insurance.

    SUPPORTING PARENTHOOD, THE VULNERABLE

    A total of 253 million people were covered by maternity insurance as of June 2025, with cumulative fund expenditures reaching 438.3 billion yuan, Zhang said.

    Maternity insurance benefits have been accessed 96.14 million times since 2021, he added.

    Notably, assisted reproductive services are now covered by medical insurance across 31 provincial-level regions and in the Xinjiang Production and Construction Corps, Zhang revealed.

    At the same time, China had expanded its long-term care insurance to cover 190 million people by the end of 2024, according to the NHSA.

    The long-term care insurance fund has raised over 100 billion yuan and paid out more than 85 billion yuan during the 2021-2025 period. Meanwhile, this insurance program has supported over 2 million people unable to care for themselves — reducing the financial burden of care services by more than 50 billion yuan, Li said.

    China now has over 8,800 designated institutions providing long-term care insurance services, with a workforce of 300,000 caregivers — with both these figures marking a more than 50-percent increase since the start of the 14th Five-Year Plan period, he noted.

    BETTER DRUGS, FAIRER PRICES

    During the 2021-2025 period, China’s medical insurance spending on innovative drugs has grown significantly with an increase of 40 percent annually. In 2024, meanwhile, related spending reached 3.9 times the amount recorded in 2020, Zhang said.

    Since 2021, China has approved over 100 domestically developed innovative drugs for market entry, while its 14th Five-Year Plan period has witnessed the approval of more than 160 groundbreaking medical devices. Many of these advanced devices incorporate cutting-edge technologies — including deep learning, magnetic levitation and magnetic resonance monitoring.

    While promoting medical innovation and expanding access to advanced treatments, China has also strengthened efforts to ensure drug prices remain fair and sustainable.

    Since 2018, the country has carried out 10 rounds of centralized medicine procurement, covering 435 medicines, said Shi Zihai, deputy head of the NHSA.

    The NHSA has also actively handled cases of irregular drug pricing and urged pharmaceutical companies to rectify their practices. To date, the administration has issued notices to 566 companies — requiring price adjustments for 726 medicines across various specifications.

    In addition, the NHSA has implemented measures to regulate medicine prices, both online and at physical drugstores, Shi said.

    MIL OSI China News –

    July 25, 2025
  • MIL-OSI USA: SPC Severe Thunderstorm Watch 541

    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.
    SEL1

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 541
    NWS Storm Prediction Center Norman OK
    705 PM EDT Thu Jul 24 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Southeast Lower Michigan
    Far Northwest Ohio
    Lake Erie

    * Effective this Thursday night from 705 PM until Midnight EDT.

    * Primary threats include…
    Isolated damaging wind gusts to 65 mph possible

    SUMMARY…A line of strong to occasionally severe thunderstorms is
    moving eastward across central Lower MI, near the MI/IN/IL border
    intersection. This line is expected to continue eastward into the
    warm, moist, and strongly unstable airmass downstream across
    southeast Lower MI and adjacent far northwest OH. Strong to severe
    gusts will be possible with this line. Additional more cellular
    development is possible ahead of this line, which could also pose a
    risk for damaging water-loaded downbursts.

    The severe thunderstorm watch area is approximately along and 40
    statute miles east and west of a line from 15 miles west northwest
    of Mount Clemens MI to 10 miles south southwest of Toledo OH. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU1).

    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 540…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    1 inch. Extreme turbulence and surface wind gusts to 55 knots. A few
    cumulonimbi with maximum tops to 500. Mean storm motion vector
    24035.

    …Mosier

    SEL1

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 541
    NWS Storm Prediction Center Norman OK
    705 PM EDT Thu Jul 24 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Southeast Lower Michigan
    Far Northwest Ohio
    Lake Erie

    * Effective this Thursday night from 705 PM until Midnight EDT.

    * Primary threats include…
    Isolated damaging wind gusts to 65 mph possible

    SUMMARY…A line of strong to occasionally severe thunderstorms is
    moving eastward across central Lower MI, near the MI/IN/IL border
    intersection. This line is expected to continue eastward into the
    warm, moist, and strongly unstable airmass downstream across
    southeast Lower MI and adjacent far northwest OH. Strong to severe
    gusts will be possible with this line. Additional more cellular
    development is possible ahead of this line, which could also pose a
    risk for damaging water-loaded downbursts.

    The severe thunderstorm watch area is approximately along and 40
    statute miles east and west of a line from 15 miles west northwest
    of Mount Clemens MI to 10 miles south southwest of Toledo OH. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU1).

    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 540…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    1 inch. Extreme turbulence and surface wind gusts to 55 knots. A few
    cumulonimbi with maximum tops to 500. Mean storm motion vector
    24035.

    …Mosier

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW1
    WW 541 SEVERE TSTM MI OH LE 242305Z – 250400Z
    AXIS..40 STATUTE MILES EAST AND WEST OF LINE..
    15WNW MTC/MOUNT CLEMENS MI/ – 10SSW TOL/TOLEDO OH/
    ..AVIATION COORDS.. 35NM E/W /31NNE DXO – 51SSW DXO/
    HAIL SURFACE AND ALOFT..1 INCH. WIND GUSTS..55 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 42688232 41448310 41448465 42688389

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU1.

    Watch 541 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (

    MIL OSI USA News –

    July 25, 2025
  • MIL-OSI China: China has invited high-level representatives from over 40 countries, intl’ organizations to attend 2025 World AI Conference: spokesperson

    Source: People’s Republic of China – State Council News

    China has invited high-level representatives from over 40 countries, intl’ organizations to attend 2025 World AI Conference: spokesperson

    BEIJING, July 24 — China has invited high-level representatives from over 40 countries and international organizations to attend the 2025 World AI Conference and High-Level Meeting on Global AI Governance, Chinese foreign ministry spokesperson Guo Jiakun said on Thursday.

    Chinese Premier Li Qiang will attend and address the opening ceremony of the 2025 World AI Conference and High-Level Meeting on Global AI Governance in Shanghai on July 26, a Chinese foreign ministry spokesperson announced on the same day.

    Speaking at a regular news briefing, Guo said artificial intelligence is developing rapidly and becoming an important driving force for the new round of technological revolution and industrial transformation, adding that holding the 2025 World AI Conference and High-Level Meeting on Global AI Governance is an important step to implement the Global AI Governance Initiative proposed by China, with the aim of making the conference a technology leader, application showcase, industry accelerator, and governance council in the field of AI.

    The theme of this year’s conference is “Global Solidarity in the AI Era”, according to Guo.

    “We hope that participating parties will have in-depth discussions on three major topics, namely deepening innovation cooperation and unleashing the intelligence dividend, promoting inclusive development and bridging the digital divide, and strengthening collaborative governance and ensuring AI for good,” Guo said.

    China looks forward to enhanced solidarity, joint pursuit for development and concerted actions to promote the sound and orderly development of AI and make sure it is a force for good, safety, and fairness, he added.

    MIL OSI China News –

    July 25, 2025
  • MIL-OSI USA: Pressley Slams DHS Stealing Immigrants’ DNA and Giving it to FBI Criminal Database

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    Pressley Also Condemns GOP Inhumane Treatment of Immigrant Children

    “This administration is turning childhood trauma into a permanent record. Republicans on this committee claim to be focused on protecting children, yet ignore actual threats to their safety.”

    Video (YouTube)

    WASHINGTON – In a House Oversight Federal Law Enforcement Subcommittee hearing, Congresswoman Ayanna Pressley (MA-07) condemned Trump’s DHS policy to steal the DNA of immigrants – including children as young as four years old – and handing it over to an FBI criminal database to surveil them like suspects in waiting.

    In her remarks, Rep. Pressley made clear that the stealing of children’s genetic information is a direct violation of their civil rights and civil liberties and slammed Trump and Republicans for traumatizing children while claiming to protect them.

    A full transcript of her remarks as delivered is available below, and the full video is available here.

    Transcript: Pressley Slams DHS Stealing Immigrants’ DNA and Giving it to FBI Criminal Database

    House of Representatives

    July 23, 2025

    REP. PRESSLEY: Thank you. First, let me begin by saying this: Republicans, you sound absolutely absurd. Stop calling children “aliens.” This intentional – I mean, the cruelty is the point – this intentional, dehumanizing, and persistent persecution through your rhetoric is shameful. 

    You are literally attacking children. I cannot take seriously anyone who’s using othering language to bully babies and toddlers. 

    Republicans don’t want us to see the humanity of immigrants. That’s why they like saying “aliens” and even put it in the title of the hearing. And that inhumane approach is consistent with the actions of the Department of Homeland Security. 

    Dr. Cuffari, have you heard about the DHS policy of collecting the DNA of children and storing it into the FBI criminal database? Yes or no?

    DR. CUFFARI: I believe there is not a policy to do children.

    REP. PRESSLEY: There absolutely is. Mr. Chair, I ask unanimous consent to enter into the record this report from July 2025, titled ‘Rating the Genome: How the United States Government is Abusing its Immigration Powers to Amass DNA for Future Policing.’

    CHAIR HIGGINS: Without objection.

    REP. PRESSLEY: This policy began under Donald Trump. In his first term, he authorized DHS to begin mass DNA data collection from immigrants – including children – and hand that data over to an FBI database designed to track violent offenders. 

    Now that he’s back, Trump is taking this policy to new extremes, adding more than a quarter million people to the database in just four months. A quarter million people, okay, in four months. 

    This committee recently held a hearing on genetic data, and there was bipartisan agreement that DNA is highly sensitive and its misuse is a violation of people’s rights, because children as young as four years old could not possibly consent to DNA collection.

    So I want to know what your office is doing about it, Dr. Cuffari- 

    DR. CUFFARI: We actually wrote a report –

    REP. PRESSLEY: One moment, let me ask the question.

    DR. CUFFARI: Certainly.

    REP. PRESSLEY: Is it the responsibility of your office to investigate abuses of civil rights and civil liberties? Yes or no?

    DR. CUFFARI: Yes.

    REP. PRESSLEY: Has your office ever investigated concerns about DHS agents stealing genetic information from children and uploading it to the FBI criminal database?

    DR. CUFFARI: Not to my knowledge, during my tenure.

    REP. PRESSLEY: Well, for an Inspector General worthy of the title, it should be a priority investigation. Do you agree?

    DR. CUFFARI: I agree that we did a report –

    REP. PRESSLEY: Thank you.

    DR. CUFFARI: Thank you.

    REP. PRESSLEY: You agree? 

    DR. CUFFARI: I agree –

    REP. PRESSLEY: There should be a priority investigation?

    DR. CUFFARI: – On the matter you’re discussing.

    REP. PRESSLEY: For the record, I want to be clear. Do you agree this should be a priority investigation by your office to look into agents stealing genetic information from children and uploading it to the FBI criminal database – yes or no? Yes or no?

    DR. CUFFARI: We have done the report –

    REP. PRESSLEY: Let me just this –

    DR. CUFFARI: We have done the report you’re mentioning –

    REP. PRESSLEY: Let me just say this – your office, according to Title Five of the US Code, Chapter Four, Section 417 – this is the responsibility you are charged with, to investigate abuses of civil rights and civil liberties. 

    Children as young as four years old have not consented to the collection of their DNA. That is a violation of their civil rights and civil liberties. 

    So this is not a trick question. Do you believe, given the charge and jurisdiction of your office, that this should be a priority investigation, as their rights have been violated?

    DR. CUFFARI: Unless the adult consented on the child –

    REP. PRESSLEY: Yes or no? Yes or no, Dr. Cuffari?

    DR. CUFFARI: We just got done writing a report.

    REP. PRESSLEY: On what?

    DR. CUFFARI: On the DNA collection within the Department of Homeland Security.

    REP. PRESSLEY: I thought you said you weren’t even aware that it was a policy. I’m very confused.

    DR. CUFFARI: There’s not a policy.

    REP. PRESSLEY: Dr. Cuffari, I’m not going to, you know, play these games here – because we’re talking about children, so I don’t want to circle the drain. 

    But this should be a priority investigation, because we have children whose civil rights have been violated with the collection of their DNA. 

    This administration is turning childhood trauma into a permanent record. 

    Republicans on this committee, you claim to be focused on protecting children, yet you’re ignoring actual threats to their safety. 

    You traumatize children with the threat of disappearing their parents. You traumatize children by disappearing their parents. You traumatize children by conducting their DNA without their consent and criminalizing them. You traumatize children by denying them food when they’re hungry. You traumatize children by denying them essential health care, which is their human right. 

    You traumatize them so much that they’re afraid to show up to school, afraid to show up to church, afraid to go to doctor’s appointments. 

    Mr. Chair, I ask unanimous consent to enter into the record this July 2025 article from the Boston Globe, titled, ‘I Want Daddy: As ICE Detains Parents and Children –

    CHAIR HIGGINS: Without objection and the gentlelady’s time has expired. 

    REP. PRESSLEY: Stop using children as pawns. This is the real child abuse.

    Thank you, I yield.

    ###

    MIL OSI USA News –

    July 25, 2025
  • MIL-OSI Submissions: Tech Research – Artificial Intelligence Adoption in S&P 500 Firms Brings New Security Challenges, Study Finds

    Source: Cybernews

    July 24, 2025, Vilnius, Lithuania – As artificial intelligence becomes increasingly central to the operations of America’s largest corporations, recent research reveals potential security vulnerabilities that could affect both organizations and their customers.

    An analysis by cybersecurity experts at Cybernews examined AI deployments across the S&P 500 and uncovered close to 1,000 potential weak points that may lead to data exposure, theft of proprietary information, and erroneous AI actions.

    The study found that 327 S&P 500 companies publicly report using AI tools in their operations in sectors including finance, healthcare, manufacturing, and energy.

    While these tools have accelerated innovation and efficiency, safety measures have yet to fully catch up, leaving systems open to misuse or failure. This includes AI outputs that may be inaccurate or misleading, unintended disclosure of confidential data, and risks of corporate secrets being compromised.

    Žilvinas Girėnas, head of product at nexos.ai, emphasized, “It’s not enough to deploy AI and hope for the best. Businesses need to develop AI with the same safety standards as airplanes: constant oversight, clear guardrails, and a zero-trust approach. Every AI decision must be considered potentially wrong until proven correct, and every input must be monitored to prevent sensitive data from leaking or trade secrets from escaping.”

    The potential vulnerabilities extend across multiple industries. Technology and semiconductor companies are especially vulnerable to data leaks and intellectual property risks. Financial institutions might face challenges protecting client data while ensuring AI does not reinforce unfair bias in lending.

    Healthcare providers carry the added responsibility of protecting patients from flawed AI-driven recommendations. Meanwhile, industrial and infrastructure sectors must guard against disruptions that could affect critical services, such as power supply or supply chain operations.

    For consumers, the consequences are tangible. Unsecured AI systems risk leaking private details – ranging from medical histories to financial records – while flawed AI judgments could influence decisions that directly affect people’s health and finances.

    As AI tools play a larger role in retail, banking, transportation, and other areas, protecting these technologies becomes essential for public protection.

    The report highlights past incidents that illustrate these dangers. IBM’s Watson once offered unsafe cancer treatment suggestions. Apple’s credit system faced scrutiny after allegations of gender bias. Zillow’s AI-driven pricing led to substantial financial losses. Additionally, Samsung experienced unintended source code disclosures due to inappropriate use of AI chatbots by employees.

    “AI is becoming more deeply embedded in business operations, and the risks are multiplying. The lessons from all these incidents are clear: unchecked deployment without robust security and oversight leads to real-world failures,” said Martynas Vareikis, Security Researcher at Cybernews.

    As AI further transforms businesses, past incidents and potential threats show how crucial it is to improve security strategies in parallel.

    ABOUT CYBERNEWS

    Cybernews is a globally recognized independent media outlet where journalists and security experts debunk cyber by research, testing, and data. Founded in 2019 in response to rising concerns about online security, the site covers breaking news, conducts original investigations, and offers unique perspectives on the evolving digital security landscape. Through white-hat investigative techniques, Cybernews research team identifies and safely discloses cybersecurity threats and vulnerabilities, while the editorial team provides cybersecurity-related news, analysis, and opinions by industry insiders with complete independence. 

    Cybernews has earned worldwide attention for its high-impact research and discoveries, which have uncovered some of the internet’s most significant security exposures and data leaks. Notable ones include:

    • Cybernews researchers discovered multiple open datasets comprising 16 billion login credentials from infostealer malware, social media, developer portals, and corporate networks – highlighting the unprecedented risks of account takeovers, phishing, and business email compromise.

    • Cybernews researchers analyzed 156,080 randomly selected iOS apps – around 8% of the apps present on the App Store – and uncovered a massive oversight: 71% of them expose sensitive data.

    • Recently, Bob Dyachenko, a cybersecurity researcher and owner of SecurityDiscovery.com, and the Cybernews security research team discovered an unprotected Elasticsearch index, which contained a wide range of sensitive personal details related to the entire population of Georgia. 

    • The team analyzed the new Pixel 9 Pro XL smartphone’s web traffic, and found that Google’s latest flagship smartphone frequently transmits private user data to the tech giant before any app is installed.

    • The team revealed that a massive data leak at MC2 Data, a background check firm, affects one-third of the US population.

    • The Cybernews security research team discovered that 50 most popular Android apps require 11 dangerous permissions on average.

    • They revealed that two online PDF makers leaked tens of thousands of user documents, including passports, driving licenses, certificates, and other personal information uploaded by users.

    • An analysis by Cybernews research discovered over a million publicly exposed secrets from over 58 thousand websites’ exposed environment (.env) files.

    • The team revealed that Australia’s football governing body, Football Australia, has leaked secret keys potentially opening access to 127 buckets of data, including ticket buyers’ personal data and players’ contracts and documents.

    • The Cybernews research team, in collaboration with cybersecurity researcher Bob Dyachenko, discovered a massive data leak containing information from numerous past breaches, comprising 12 terabytes of data and spanning over 26 billion records.

    • The team analyzed NASA’s website, and discovered an open redirect vulnerability plaguing NASA’s Astrobiology website.

    • The team investigated 30,000 Android Apps, and discovered that over half of them are leaking secrets that could have huge repercussions for both app developers and their customers.

    MIL OSI – Submitted News –

    July 25, 2025
  • MIL-OSI Submissions: Tech Research – Artificial Intelligence Adoption in S&P 500 Firms Brings New Security Challenges, Study Finds

    Source: Cybernews

    July 24, 2025, Vilnius, Lithuania – As artificial intelligence becomes increasingly central to the operations of America’s largest corporations, recent research reveals potential security vulnerabilities that could affect both organizations and their customers.

    An analysis by cybersecurity experts at Cybernews examined AI deployments across the S&P 500 and uncovered close to 1,000 potential weak points that may lead to data exposure, theft of proprietary information, and erroneous AI actions.

    The study found that 327 S&P 500 companies publicly report using AI tools in their operations in sectors including finance, healthcare, manufacturing, and energy.

    While these tools have accelerated innovation and efficiency, safety measures have yet to fully catch up, leaving systems open to misuse or failure. This includes AI outputs that may be inaccurate or misleading, unintended disclosure of confidential data, and risks of corporate secrets being compromised.

    Žilvinas Girėnas, head of product at nexos.ai, emphasized, “It’s not enough to deploy AI and hope for the best. Businesses need to develop AI with the same safety standards as airplanes: constant oversight, clear guardrails, and a zero-trust approach. Every AI decision must be considered potentially wrong until proven correct, and every input must be monitored to prevent sensitive data from leaking or trade secrets from escaping.”

    The potential vulnerabilities extend across multiple industries. Technology and semiconductor companies are especially vulnerable to data leaks and intellectual property risks. Financial institutions might face challenges protecting client data while ensuring AI does not reinforce unfair bias in lending.

    Healthcare providers carry the added responsibility of protecting patients from flawed AI-driven recommendations. Meanwhile, industrial and infrastructure sectors must guard against disruptions that could affect critical services, such as power supply or supply chain operations.

    For consumers, the consequences are tangible. Unsecured AI systems risk leaking private details – ranging from medical histories to financial records – while flawed AI judgments could influence decisions that directly affect people’s health and finances.

    As AI tools play a larger role in retail, banking, transportation, and other areas, protecting these technologies becomes essential for public protection.

    The report highlights past incidents that illustrate these dangers. IBM’s Watson once offered unsafe cancer treatment suggestions. Apple’s credit system faced scrutiny after allegations of gender bias. Zillow’s AI-driven pricing led to substantial financial losses. Additionally, Samsung experienced unintended source code disclosures due to inappropriate use of AI chatbots by employees.

    “AI is becoming more deeply embedded in business operations, and the risks are multiplying. The lessons from all these incidents are clear: unchecked deployment without robust security and oversight leads to real-world failures,” said Martynas Vareikis, Security Researcher at Cybernews.

    As AI further transforms businesses, past incidents and potential threats show how crucial it is to improve security strategies in parallel.

    ABOUT CYBERNEWS

    Cybernews is a globally recognized independent media outlet where journalists and security experts debunk cyber by research, testing, and data. Founded in 2019 in response to rising concerns about online security, the site covers breaking news, conducts original investigations, and offers unique perspectives on the evolving digital security landscape. Through white-hat investigative techniques, Cybernews research team identifies and safely discloses cybersecurity threats and vulnerabilities, while the editorial team provides cybersecurity-related news, analysis, and opinions by industry insiders with complete independence. 

    Cybernews has earned worldwide attention for its high-impact research and discoveries, which have uncovered some of the internet’s most significant security exposures and data leaks. Notable ones include:

    • Cybernews researchers discovered multiple open datasets comprising 16 billion login credentials from infostealer malware, social media, developer portals, and corporate networks – highlighting the unprecedented risks of account takeovers, phishing, and business email compromise.

    • Cybernews researchers analyzed 156,080 randomly selected iOS apps – around 8% of the apps present on the App Store – and uncovered a massive oversight: 71% of them expose sensitive data.

    • Recently, Bob Dyachenko, a cybersecurity researcher and owner of SecurityDiscovery.com, and the Cybernews security research team discovered an unprotected Elasticsearch index, which contained a wide range of sensitive personal details related to the entire population of Georgia. 

    • The team analyzed the new Pixel 9 Pro XL smartphone’s web traffic, and found that Google’s latest flagship smartphone frequently transmits private user data to the tech giant before any app is installed.

    • The team revealed that a massive data leak at MC2 Data, a background check firm, affects one-third of the US population.

    • The Cybernews security research team discovered that 50 most popular Android apps require 11 dangerous permissions on average.

    • They revealed that two online PDF makers leaked tens of thousands of user documents, including passports, driving licenses, certificates, and other personal information uploaded by users.

    • An analysis by Cybernews research discovered over a million publicly exposed secrets from over 58 thousand websites’ exposed environment (.env) files.

    • The team revealed that Australia’s football governing body, Football Australia, has leaked secret keys potentially opening access to 127 buckets of data, including ticket buyers’ personal data and players’ contracts and documents.

    • The Cybernews research team, in collaboration with cybersecurity researcher Bob Dyachenko, discovered a massive data leak containing information from numerous past breaches, comprising 12 terabytes of data and spanning over 26 billion records.

    • The team analyzed NASA’s website, and discovered an open redirect vulnerability plaguing NASA’s Astrobiology website.

    • The team investigated 30,000 Android Apps, and discovered that over half of them are leaking secrets that could have huge repercussions for both app developers and their customers.

    MIL OSI – Submitted News –

    July 25, 2025
  • MIL-OSI Russia: Health and Technology – Moscow Launches AI Service for Diagnosing Shoulder Fractures

    Source: Moscow Health Care Department 

    Moscow has deployed a new artificial intelligence (AI) service to detect shoulder fractures on X-ray images. This marks the 41st clinical area where the radiologists utilize computer vision technologies, according to Yuri Vasilev, Chief Officer of Radiology at the Moscow Health Care Department.

    Moscow Health Care Department Launches AI Service for Diagnosing Shoulder Fractures.

    Moscow is continually advancing the integration of artificial intelligence technologies into practical healthcare applications. The algorithm assists doctors by automatically highlighting suspicious areas indicating potential fractures and performing necessary measurements on the images. This accelerates the interpretation of studies and enhances the accuracy of injury detection. Vasilev emphasized the service’s critical importance in trauma centers, where efficiency and diagnostic precision are paramount for timely treatment and reducing complication risks. This integration of AI into traumatology advances Moscow’s ongoing development of digital medicine, integrating the service into the city’s comprehensive neural network infrastructure, which now operates across 41 modalities.

    “The shoulder joint is one of the most complex anatomical areas for interpreting X-ray images,” Vasiliev noted. “Even minor deviations in the patient’s position during the examination can affect visualization accuracy, demanding exceptional doctor attentiveness. This AI algorithm acts as an additional filter, serving as a reliable auxiliary tool to increase analysis accuracy.”

    “The shoulder joint is one of the most complex anatomical challenges for X-ray interpretation,” Vasiliev noted. “Even minor patient positioning variations can compromise visualization accuracy, requiring exceptional clinical vigilance. This AI algorithm functions as a diagnostic filter, providing a reliable auxiliary tool to enhance analytical precision.”

    Timely fracture diagnosis is crucial for determining treatment tactics. Delays increase risks of complications, including improper bone fusion, chronic pain, and limited mobility. AI implementation minimizes these risks by enabling earlier therapy initiation. 

    Moscow’s integration of smart algorithms into healthcare, as part of a five-year experiment in computer vision, now includes over 200 AI services participating in the project. Approximately 100 algorithms have been integrated into the city’s medical information system, with about 50 currently analyzing medical images in real-time streaming mode.

    The project is led by the Moscow Social Development Complex, based on the Center for Diagnostics and Telemedicine of the Moscow Healthcare Department, in collaboration with the city’s Department of Information Technology. It aligns with the goals of the Moscow Medicine Development Strategy until 2030, aiming to improve the quality and accessibility of medical care for residents.

    MIL OSI Russia News –

    July 25, 2025
  • MIL-OSI Russia: Healthcare and Technology – Moscow Launches AI Service to Diagnose Shoulder Fractures

    Translation. Region: Russian Federal

    Source: Moscow Department of Health

    Moscow has introduced a new artificial intelligence (AI) service to detect shoulder fractures on X-rays. This is the 41st clinical area in which radiologists are using computer vision technology, according to Yuri Vasilev, head of the radiology department at the Moscow Health Department.


    The Moscow Department of Health is launching an artificial intelligence service for diagnosing shoulder fractures.

    Moscow continues to advance the integration of artificial intelligence technologies into practical applications in the healthcare sector. The algorithm assists doctors by automatically highlighting suspicious areas indicating possible fractures and performing the necessary measurements on images. This speeds up the interpretation of studies and increases the accuracy of injury detection. Vasiliev emphasized the critical importance of this service in trauma centers, where the efficiency and accuracy of diagnostics are of paramount importance for timely treatment and reducing the risk of complications. This integration of AI into traumatology contributes to the further development of digital medicine in Moscow, integrating the service into the city’s comprehensive neural network infrastructure, which currently operates in 41 areas.

    “The shoulder joint is one of the most difficult anatomical areas to interpret X-ray images,” Vasilev noted. “Even minor deviations in the patient’s position during the examination can affect the accuracy of the visualization, which requires exceptional care from the physician. This AI algorithm acts as an additional filter, serving as a reliable auxiliary tool to improve the accuracy of the analysis.”

    “The shoulder joint is one of the most challenging anatomical problems for radiographic interpretation,” Vasiliev noted. “Even minor deviations in patient position can affect the accuracy of imaging, requiring exceptional clinical vigilance. This AI algorithm functions as a diagnostic filter, serving as a reliable auxiliary tool to improve the accuracy of analysis.”

    Timely diagnosis of fractures is critical to determining treatment tactics. Delays increase the risk of complications, including malunion, chronic pain, and limited mobility. The introduction of AI minimizes these risks, allowing treatment to begin at an earlier stage.

    As part of a five-year computer vision experiment in Moscow, more than 200 AI services participating in the project have been integrated into the healthcare sector. About 100 algorithms have been integrated into the city’s medical information system, about 50 of which are currently analyzing medical images in real time.

    The project is led by the Moscow Social Development Complex based at the Diagnostics and Telemedicine Center of the Moscow Health Department in cooperation with the city’s Information Technology Department. It is in line with the goals of the Moscow Medicine Development Strategy until 2030, aimed at improving the quality and accessibility of medical care for residents.

    MIL OSI Russia News –

    July 25, 2025
  • MIL-OSI: Athabasca Oil Announces 2025 Second Quarter Results Highlighted by Strong Operational Results, Continued Share Buybacks and a Pristine Financial Position

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 24, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its second quarter results marked by strong operational performance, consistent financial results and execution on return of capital commitments. With low corporate break-evens, differentiated long-life assets and a pristine balance sheet, the Company is well positioned to advance its strategic priorities.

    Q2 2025 Consolidated Corporate Results

    • Production: Average production of 39,088 boe/d (98% Liquids), representing 4% (15% per share) growth year-over-year.
    • Cash Flow: Adjusted Funds Flow of $128 million ($0.25 per share). Cash Flow from Operating Activities of $101 million. Free Cash Flow of $66 million from Athabasca (Thermal Oil).
    • Capital Program: $73 million total capital expenditures including $54 million at Leismer to support the 40,000 bbl/d phased growth project.
    • Shareholder Returns: Purchased 24 million shares through its buy-back program year-to-date. The Company is committed to returning 100% of Free Cash Flow (Thermal Oil) to shareholders in 2025 and has completed ~$600 million in share buybacks since March 31, 2023, reducing its fully diluted share count by 21%.

    Operations Highlights

    • Leismer: Production currently ~28,000 bbl/d (June 2025) with four sustaining well pairs expected to be placed on production through the balance of the year. The progressive growth project remains on time and on budget. The Company expects production to stay flat until the next growth plateau of 32,000 bbl/d in H2 2026.
    • Hangingstone: Production currently ~8,900 bbl/d (June 2025) following the start-up of two extended reach well pairs which are outperforming management’s expectations. The asset continues to deliver meaningful free cash flow generation.
    • Duvernay Energy (“DEC”): A four well pad (30% working interest) with ~5,000 meter laterals was completed in mid July and will be placed on production in August. Completion operations are expected to commence on a three well pad (100% working interest) in September. DEC is positioned for strong operational momentum into year end with an exit target of ~6,000 boe/d.

    Resilient Producer

    • Pristine Financial Position: The Company has a Net Cash position of $119 million, Liquidity of $437 million (including $304 million cash) and a long-dated maturity of 2029 on its term debt. The Company also has $2.2 billion of tax pools (~80% high-value and immediately deductible).
    • Low Break-evens: Long-life, low decline assets afford Athabasca with a sustaining capital advantage. The Company’s 2025 Thermal Oil capital program which includes growth initiatives is fully funded within cash flow below US$50/bbl WTI. Long term sustaining capital investment is estimated at ~C$8/bbl (five‐year annual average) to hold production flat.

    2025 Corporate Guidance

    • Consolidated Production Outlook: The Company anticipates production at the upper end of guidance of 37,500 – 39,500 boe/d with an exit rate of ~41,000 boe/d. Thermal Oil production is trending at the upper end of its prior guidance of 33,500 – 35,500 bbl/d. Duvernay Energy is expected to average ~4,000 boe/d with an exit target of ~6,000 boe/d following the tie-in of two multi-well pads.
    • Thermal Capital: The forecast capital budget for Thermal oil is unchanged at ~$250 million, including sustaining capital and the Leismer expansion project. This $300 million expansion project (over three years) is highly economic (~$25,000/bbl/d capital efficiency) and provides flexibility with interim growth targets to ~32,000 bbl/d in H2 2026 and ~35,000 bbl/d in H1 2027 before achieving the regulatory approved 40,000 bbl/d capacity at the end of 2027. Athabasca’s Thermal Oil capital projects are flexible, highly economic and have phased optionality on timing based on the macroeconomic environment. By year-end 2025, the Company anticipates being ~50% complete of total capital exposure for the expansion project.
    • Duvernay Energy Corporation Capital: The 2025 capital program of ~$75 million will drive production momentum in H2 2025. The capital program in DEC is flexible and designed to be self-funded. The Company has a deep inventory of ~444 gross future drilling locations with no near-term land expiries.
    • Free Cash Flow Focus: The Company forecasts consolidated Adjusted Funds Flow between $525 – $550 million1, including $475 – $500 million from its Thermal Oil assets. 2025 Thermal Oil Free Cash Flow is forecasted at ~$250 million and is planned to be returned to shareholders through share buybacks. Every +US$1/bbl move in West Texas Intermediate (“WTI”) and Western Canadian Select (“WCS”) heavy oil impacts annual Adjusted Funds Flow by ~$10 million and ~$17 million, respectively.

    Corporate Consolidated Strategy

    • Value Creation: The Company’s Thermal Oil division provides a differentiated liquids weighted growth platform supported by financial resiliency to execute on return of capital initiatives. Athabasca’s subsidiary company, Duvernay Energy Corporation, is designed to enhance value for Athabasca’s shareholders by providing a clear path for self-funded production and cash flow growth in the Kaybob Duvernay resource play. Athabasca (Thermal Oil) and DEC have independent strategies and capital allocation frameworks.
    • Steadfast Focus on Cash Flow Per Share Growth: Athabasca’s disciplined capital allocation framework is designed to unlock shareholder value by prioritizing multi-year cash flow per share growth. The Company forecasts ~20% compounded annual cash flow per share growth between 2025-2029 driven by investing in attractive capital projects and prioritizing share buybacks with 100% of Free Cash Flow. The Company sees significant intrinsic value not reflected in the current share price and intends to remain active with its share buyback strategy.

    Athabasca (Thermal Oil) Strategy

    • Large Resource Base: Athabasca’s top-tier assets underpin a strong Free Cash Flow outlook with low sustaining capital requirements. The long life, low decline asset base includes ~1.2 billion barrels of Proved plus Probable reserves and ~1 billion barrels of Contingent Resource.
    • Strong Financial Position: Prudent balance sheet management is a core tenet of Athabasca’s strategy. The Company has a Net Cash position of $119 million, Liquidity of $437 million (including $304 million cash) and a long-dated maturity of 2029 on its term debt.
    • Leismer Progressive Growth: This $300 million expansion project (over three years) is highly economic (~$25,000/bbl/d capital efficiency) and provides flexibility with interim growth targets to ~32,000 bbl/d in H2 2026 and ~35,000 bbl/d in H1 2027 before achieving the regulatory approved 40,000 bbl/d capacity at the end of 2027. On completion of the expansion project, the Company can maintain Leismer at 40,000 bbl/d for approximately fifty years (Proved plus Probable Reserves).
    • Sustaining Hangingstone: The Hangingstone asset is very competitive and continues to deliver meaningful cash flow contributions to the Company. The objective is to sustain production and maintain competitive netbacks ($36.51/bbl H1 2025 Operating Netback).
    • Corner – Future Optionality: The Company’s Corner asset is a large de-risked oil sands asset adjacent to Leismer with 351 million barrels of Proved plus Probable reserves and 520 million barrels Contingent Resource (Best Estimate Unrisked). There are over 300 delineation wells and ~80% seismic coverage, with reservoir qualities similar to or better than Leismer. The asset has a 40,000 bbl/d regulatory approval for development with the existing pipeline corridor passing through the Corner lease. The Company has updated its development plans and is finalizing facility cost estimates, with a focus on capital efficient modular design.
    • Significant Multi-Year Free Cash Flow: Inclusive of the progressive growth at Leismer, Athabasca (Thermal Oil) expects to generate in excess of $1.8 billion of Free Cash Flow1 during the five-year time frame of 2025-29. Free Cash Flow will continue to support the Company’s return of capital initiatives.
    • Sound Heavy Oil Fundamentals: Canadian heavy oil markets remain strong supported by the Trans Mountain Expansion pipeline and sustained global refining demand. This has resulted in tighter and less volatile WCS heavy differentials with August index pricing at ~US$10/bbl. Athabasca is a direct beneficiary of structurally tighter differentials that are forecasted to hold in the coming years.
    • Thermal Oil Royalty Advantage: Athabasca has significant unrecovered capital balances on its Thermal Oil Assets that ensure a low Crown royalty framework (~6%1). Leismer is forecasted to remain pre-payout until late 20271 and Hangingstone is forecasted to remain pre-payout beyond 20301.
    • Tax Free Horizon Advantage: Athabasca (Thermal Oil) has $2.2 billion of valuable tax pools and does not forecast paying cash taxes this decade.

    Duvernay Energy Strategy

    • Accelerating Value: DEC is an operated, private subsidiary of Athabasca (owned 70% by Athabasca and 30% by Cenovus Energy). DEC accelerates value realization for Athabasca’s shareholders by providing a clear path for self-funded production and cash flow growth without compromising Athabasca’s capacity to fund its Thermal Oil assets or its return of capital strategy.
    • Kaybob Duvernay Focused: Exposure to ~200,000 gross acres in the liquids rich and oil windows with ~444 gross future well locations, including ~46,000 gross acres with 100% working interest.
    • Self-Funded Growth: Near-term activity will be funded within Adjusted Funds Flow, initial seed capital and the DEC credit facility. The Company has growth potential to in excess of ~20,000 boe/d (75% Liquids) by the late 2020s1.

    Footnote: Refer to the “Reader Advisory” section within this news release for additional information on Non‐GAAP Financial Measures (e.g. Adjusted Funds Flow, Free Cash Flow, Net Cash, Liquidity) and production disclosure.
    1 Pricing assumptions: H1 2025 actualized and US$65 WTI, US$12.50 WCS heavy differential, C$2 AECO, and 0.725 C$/US$ FX for H2 2025. 2026+ US$70 WTI, US$12.50 WCS heavy differential, C$3 AECO, and 0.725 C$/US$ FX

    Financial and Operational Highlights

      Three months ended
    June 30,
      Six months ended
    June 30,
     
    ($ Thousands, unless otherwise noted) 2025     2024     2025     2024    
    CORPORATE CONSOLIDATED(1)                
    Petroleum and natural gas production (boe/d)(2)   39,088       37,621       38,404       35,546    
    Petroleum, natural gas and midstream sales $ 360,070     $ 401,738     $ 727,914     $ 712,854    
    Operating Income(2) $ 141,707     $ 179,751     $ 287,297     $ 284,886    
    Operating Income Net of Realized Hedging(2)(3) $ 142,101     $ 178,176     $ 286,048     $ 284,756    
    Operating Netback ($/boe)(2) $ 38.81     $ 52.46     $ 41.30     $ 44.77    
    Operating Netback Net of Realized Hedging ($/boe)(2)(3) $ 38.92     $ 52.00     $ 41.12     $ 44.75    
    Capital expenditures $ 73,066     $ 48,453     $ 136,399     $ 124,464    
    Cash flow from operating activities $ 101,432     $ 135,083     $ 224,785     $ 211,721    
    per share – basic $ 0.20     $ 0.24     $ 0.44     $ 0.38    
    Adjusted Funds Flow(2) $ 127,591     $ 165,746     $ 257,266     $ 253,518    
    per share – basic $ 0.25     $ 0.30     $ 0.51     $ 0.45    
    ATHABASCA (THERMAL OIL)                
    Bitumen production (bbl/d)(2)   36,476       33,765       35,613       32,651    
    Petroleum, natural gas and midstream sales $ 355,160     $ 395,279     $ 717,535     $ 700,320    
    Operating Income(2) $ 135,803     $ 161,694     $ 271,119     $ 262,143    
    Operating Netback ($/bbl)(2) $ 39.79     $ 52.59     $ 42.02     $ 44.91    
    Capital expenditures $ 56,110     $ 34,084     $ 106,486     $ 76,203    
    Adjusted Funds Flow(2) $ 122,097     $ 149,413     $ 243,450     $ 233,126    
    Free Cash Flow(2) $ 65,987     $ 115,329     $ 136,964     $ 156,923    
    DUVERNAY ENERGY(1)                
    Petroleum and natural gas production (boe/d)(2)   2,612       3,856       2,791       2,895    
    Percentage Liquids (%)(2) 72 %   80 %   73 %   77 %  
    Petroleum, natural gas and midstream sales $ 13,526     $ 26,749     $ 31,145     $ 38,287    
    Operating Income(2) $ 5,904     $ 18,057     $ 16,178     $ 22,743    
    Operating Netback ($/boe)(2) $ 24.84     $ 51.46     $ 32.03     $ 43.17    
    Capital expenditures $ 16,956     $ 14,369     $ 29,913     $ 48,261    
    Adjusted Funds Flow(2) $ 5,494     $ 16,333     $ 13,816     $ 20,392    
    Free Cash Flow(2) $ (11,462 )   $ 1,964     $ (16,097 )   $ (27,869 )  
    NET INCOME AND COMPREHENSIVE INCOME                
    Net income and comprehensive income(4) $ 56,870     $ 96,076     $ 128,874     $ 134,685    
    per share – basic(4) $ 0.11     $ 0.17     $ 0.25     $ 0.24    
    per share – diluted(4) $ 0.11     $ 0.17     $ 0.25     $ 0.24    
    COMMON SHARES OUTSTANDING                
    Weighted average shares outstanding – basic   502,593,860       557,299,962       508,393,229       562,188,451    
    Weighted average shares outstanding – diluted   510,591,132       566,559,671       512,076,328       569,058,329    
      June 30,   December 31,  
    As at ($ Thousands) 2025   2024  
    LIQUIDITY AND BALANCE SHEET (CONSOLIDATED)        
    Cash and cash equivalents $ 304,048   $ 344,836  
    Available credit facilities(5) $ 133,074   $ 136,324  
    Face value of term debt $ 200,000   $ 200,000  
     
    (1) Corporate Consolidated and Duvernay Energy reflect gross production and financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
    (2) Refer to the “Reader Advisory” section within this News Release for additional information on Non-GAAP Financial Measures and production disclosure.
    (3) Includes realized commodity risk management gain of $0.4 million and loss of $1.2 million for the three and six months ended June 30, 2025 (three and six months ended June 30, 2024 – loss of $1.6 million and $0.1 million).
    (4) Net income and comprehensive income per share amounts are based on net income and comprehensive income attributable to shareholders of the Parent Company. In the calculation of diluted net income per share for the three months ended June 30, 2025 net income was increased by $0.4 million, to account for the impact to net income had the outstanding warrants been converted to equity. In the calculation of diluted net income per share for the three months ended June 30, 2024 net income was reduced by $0.4 million, to account for the impact to net income had the outstanding warrants been converted to equity.
    (5) Includes available credit under Athabasca’s and Duvernay Energy’s Credit Facilities and Athabasca’s Unsecured Letter of Credit Facility.
     

    Athabasca (Thermal Oil) Q2 2025 Highlights and Operations Update

    • Production: Production of 36,476 bbl/d (27,818 bbl/d at Leismer and 8,658 bbl/d at Hangingstone).
    • Cash Flow: Adjusted Funds Flow of $122.1 million; Operating Income of $135.8 million with an Operating Netback of $39.79/bbl ($42.02/bbl H1 2025).
    • Capital: $56.1 million of capital expenditures in Q2, with $53.9 million at Leismer as the Company advances the 40,000 bbl/d progressive growth project.
    • Free Cash Flow: $66.0 million of Free Cash Flow supporting return of capital commitment.

    Leismer

    Earlier this year, the Company brought six extended reach redrills on Pad L1 (1,000 – 1,700 meter laterals) on production supporting current production of ~28,000 bbl/d (June 2025). Four well pairs on Pad L10 are expected to maintain production rates at facility capacity for the balance of 2025. The first two wells started steaming in April with production expected in Q3, and the final two will begin steaming this summer with first production expected in Q4. Another six well pairs will be drilled on Pad 11 in H2 2025.

    Activity at Leismer remains focused on advancing progressive growth to 40,000 bbl/d by the end of 2027. The project cost is estimated at $300 million generating a capital efficiency of approximately $25,000/bbl/d. The $300 million will be spent between 2025 and 2027 and includes an estimated $190 million for facility capital and an estimated $110 million for growth wells. By year-end 2025, the Company anticipates being ~50% complete of total capital exposure for the expansion project. The project remains on budget and on schedule with the original sanction plans announced in July 2024. The progressive build provides flexibility with interim growth targets to ~32,000 bbl/d in H2 2026 following the next planned turnaround, and ~35,000 bbl/d in H1 2027 before achieving the regulatory approved 40,000 bbl/d capacity at the end of 2027.

    Hangingstone

    At Hangingstone, two extended reach sustaining well pairs (~1,400 meter average laterals) were placed on production in March with production of ~8,900 bbl/d (June 2025). The well pairs ramped up faster than anticipated, benefiting from favorable reservoir temperatures and pressure supported by offsetting wells. Current well pair performance between 800 – 1,000 bbl/d per well has exceeded management’s expectations. Hangingstone continues to deliver meaningful cash flow contributions to the Company.

    Duvernay Energy Corporation Q2 2025 Highlights and Operations Update

    • Production: Production of 2,612 boe/d (72% Liquids).
    • Cash Flow: Adjusted Funds Flow of $5.5 million with an Operating Netback of $24.84/boe ($32.03/boe H1 2025).
    • Capital: $17.0 million of capital expenditures including completions on a 30% working interest four-well pad.  

    During the quarter completions operations commenced on a four well pad (30% working interest) with average laterals of ~5,000 meters. Completion operations on this pad were completed in mid July and the wells are expected to be on production in early August. A three well pad (100% working interest) is scheduled to be completed in early Fall and on production shortly thereafter. Earlier in 2025, a strategic gathering system was completed connecting the operated wells to existing operated infrastructure.

    Production from new wells drilled in 2024 continue to validate DEC’s type curve expectations. The five wells placed on production have averaged IP30’s of ~1,200 boe/d per well (86% Liquids) and IP90s of ~940 boe/d (86% Liquids) per well.

    DEC retains significant operational flexibility with no near-term land expiries and the ability to adjust spending in response to commodity price movements.

    About Athabasca Oil Corporation

    Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol “ATH”. For more information, visit www.atha.com.

    For more information, please contact:

    Reader Advisory:

    This News Release contains forward-looking information that involves various risks, uncertainties and other factors. All information other than statements of historical fact is forward-looking information. The use of any of the words “anticipate”, “plan”, “project”, “continue”, “maintain”, “may”, “estimate”, “expect”, “will”, “target”, “forecast”, “could”, “intend”, “potential”, “guidance”, “outlook” and similar expressions suggesting future outcome are intended to identify forward-looking information. The forward-looking information is not historical fact, but rather is based on the Company’s current plans, objectives, goals, strategies, estimates, assumptions and projections about the Company’s industry, business and future operating and financial results. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking information included in this News Release should not be unduly relied upon. This information speaks only as of the date of this News Release. In particular, this News Release contains forward-looking information pertaining to, but not limited to, the following: our strategic plans; the allocation of future capital; timing and quantum for shareholder returns including share buybacks; the terms of our NCIB program; our drilling plans and capital efficiencies; production growth to expected production rates and estimated sustaining capital amounts; timing of Leismer’s and Hangingstone’s pre-payout royalty status; applicability of tax pools; Adjusted Funds Flow and Free Cash Flow over various periods; type well economic metrics; number of drilling locations; forecasted daily production and the composition of production; break-even metrics, our outlook in respect of the Company’s business environment, including in respect of commodity pricing; and other matters.

    In addition, information and statements in this News Release relating to “Reserves” and “Resources” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated, and that the reserves and resources described can be profitably produced in the future. With respect to forward-looking information contained in this News Release, assumptions have been made regarding, among other things: commodity prices; the regulatory framework governing royalties, taxes and environmental matters in the jurisdictions in which the Company conducts and will conduct business and the effects that such regulatory framework will have on the Company, including on the Company’s financial condition and results of operations; the Company’s financial and operational flexibility; the Company’s financial sustainability; Athabasca’s cash flow break-even commodity price; the Company’s ability to obtain qualified staff and equipment in a timely and cost-efficient manner; the applicability of technologies for the recovery and production of the Company’s reserves and resources; future capital expenditures to be made by the Company; future sources of funding for the Company’s capital programs; the Company’s future debt levels; future production levels; the Company’s ability to obtain financing and/or enter into joint venture arrangements, on acceptable terms; operating costs; compliance of counterparties with the terms of contractual arrangements; impact of increasing competition globally; collection risk of outstanding accounts receivable from third parties; geological and engineering estimates in respect of the Company’s reserves and resources; recoverability of reserves and resources; the geography of the areas in which the Company is conducting exploration and development activities and the quality of its assets. Certain other assumptions related to the Company’s Reserves and Resources are contained in the report of McDaniel & Associates Consultants Ltd. (“McDaniel”) evaluating Athabasca’s Proved Reserves, Probable Reserves and Contingent Resources as at December 31, 2024 (which is respectively referred to herein as the “McDaniel Report”).

    Actual results could differ materially from those anticipated in this forward-looking information as a result of the risk factors set forth in the Company’s Annual Information Form (“AIF”) dated March 5, 2025 available on SEDAR at www.sedarplus.ca, including, but not limited to: weakness in the oil and gas industry; exploration, development and production risks; prices, markets and marketing; market conditions; trade relations and tariffs; climate change and carbon pricing risk; statutes and regulations regarding the environment including deceptive marketing provisions; regulatory environment and changes in applicable law; gathering and processing facilities, pipeline systems and rail; reputation and public perception of the oil and gas sector; environment, social and governance goals; political uncertainty; state of capital markets; ability to finance capital requirements; access to capital and insurance; abandonment and reclamation costs; changing demand for oil and natural gas products; anticipated benefits of acquisitions and dispositions; royalty regimes; foreign exchange rates and interest rates; reserves; hedging; operational dependence; operating costs; project risks; supply chain disruption; financial assurances; diluent supply; third party credit risk; indigenous claims; reliance on key personnel and operators; income tax; cybersecurity; advanced technologies; hydraulic fracturing; liability management; seasonality and weather conditions; unexpected events; internal controls; limitations and insurance; litigation; natural gas overlying bitumen resources; competition; chain of title and expiration of licenses and leases; breaches of confidentiality; new industry related activities or new geographical areas; water use restrictions and/or limited access to water; relationship with Duvernay Energy Corporation; management estimates and assumptions; third-party claims; conflicts of interest; inflation and cost management; credit ratings; growth management; impact of pandemics; ability of investors resident in the United States to enforce civil remedies in Canada; and risks related to our debt and securities. All subsequent forward-looking information, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.

    Also included in this News Release are estimates of Athabasca’s 2025 outlook which are based on the various assumptions as to production levels, commodity prices, currency exchange rates and other assumptions disclosed in this News Release. To the extent any such estimate constitutes a financial outlook, it was approved by management and the Board of Directors of Athabasca and is included to provide readers with an understanding of the Company’s outlook. Management does not have firm commitments for all of the costs, expenditures, prices or other financial assumptions used to prepare the financial outlook or assurance that such operating results will be achieved and, accordingly, the complete financial effects of all of those costs, expenditures, prices and operating results are not objectively determinable. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The outlook and forward-looking information contained in this New Release was made as of the date of this News release and the Company disclaims any intention or obligations to update or revise such outlook and/or forward-looking information, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.

    Oil and Gas Information

    “BOEs” may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

    Initial Production Rates 

    Test Results and Initial Production Rates: The well test results and initial production rates provided herein should be considered to be preliminary, except as otherwise indicated. Test results and initial production rates disclosed herein may not necessarily be indicative of long-term performance or of ultimate recovery.

    Reserves Information

    The McDaniel Report was prepared using the assumptions and methodology guidelines outlined in the COGE Handbook and in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, effective December 31, 2024. There are numerous uncertainties inherent in estimating quantities of bitumen, light crude oil and medium crude oil, tight oil, conventional natural gas, shale gas and natural gas liquids reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company’s actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. Reserves figures described herein have been rounded to the nearest MMbbl or MMboe. For additional information regarding the consolidated reserves and information concerning the resources of the Company as evaluated by McDaniel in the McDaniel Report, please refer to the Company’s AIF.

    Reserve Values (i.e. Net Asset Value) is calculated using the estimated net present value of all future net revenue from our reserves, before income taxes discounted at 10%, as estimated by McDaniel effective December 31, 2024 and based on average pricing of McDaniel, Sproule and GLJ as of January 1, 2025.

    The 444 gross Duvernay drilling locations referenced include: 87 proved undeveloped locations and 85 probable undeveloped locations for a total of 172 booked locations with the balance being unbooked locations. Proved undeveloped locations and probable undeveloped locations are booked and derived from the Company’s most recent independent reserves evaluation as prepared by McDaniel as of December 31, 2024 and account for drilling locations that have associated proved and/or probable reserves, as applicable. Unbooked locations are internal management estimates. Unbooked locations do not have attributed reserves or resources (including contingent or prospective). Unbooked locations have been identified by management as an estimation of Athabasca’s multi-year drilling activities expected to occur over the next two decades based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company will actually drill wells, including the number and timing thereof is ultimately dependent upon the availability of funding, commodity prices, provincial fiscal and royalty policies, costs, actual drilling results, additional reservoir information that is obtained and other factors.

    Non-GAAP and Other Financial Measures, and Production Disclosure

    The “Corporate Consolidated Adjusted Funds Flow”, “Corporate Consolidated Adjusted Funds Flow per Share”, “Athabasca (Thermal Oil) Adjusted Funds Flow”, “Duvernay Energy Adjusted Funds Flow”, “Corporate Consolidated Free Cash Flow”, “Athabasca (Thermal Oil) Free Cash Flow”, “Duvernay Energy Free Cash Flow”, “Corporate Consolidated Operating Income”, “Corporate Consolidated Operating Income Net of Realized Hedging”, “Athabasca (Thermal Oil) Operating Income”, “Duvernay Energy Operating Income”, “Corporate Consolidated Operating Netback”, “Corporate Consolidated Operating Netback Net of Realized Hedging”, “Athabasca (Thermal Oil) Operating Netback”, “Duvernay Energy Operating Netback” and “Cash Transportation and Marketing Expense” financial measures contained in this News Release do not have standardized meanings which are prescribed by IFRS and they are considered to be non-GAAP financial measures or ratios. These measures may not be comparable to similar measures presented by other issuers and should not be considered in isolation with measures that are prepared in accordance with IFRS. Net Cash and Liquidity are supplementary financial measures. The Leismer and Hangingstone operating results are supplementary financial measures that when aggregated, combine to the Athabasca (Thermal Oil) segment results.

    Adjusted Funds Flow, Adjusted Funds Flow Per Share and Free Cash Flow

    Adjusted Funds Flow and Free Cash Flow are non-GAAP financial measures and are not intended to represent cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS. The Adjusted Funds Flow and Free Cash Flow measures allow management and others to evaluate the Company’s ability to fund its capital programs and meet its ongoing financial obligations using cash flow internally generated from ongoing operating related activities. Adjusted Funds Flow per share is a non-GAAP financial ratio calculated as Adjusted Funds Flow divided by the applicable number of weighted average shares outstanding. Adjusted Funds Flow and Free Cash Flow are calculated as follows:

      Three months ended
    June 30, 2025
     
     ($ Thousands) Athabasca
    (Thermal Oil)
      Duvernay Energy(1)   Corporate
    Consolidated(1)
     
    Cash flow from operating activities $ 101,142   $ 290   $ 101,432  
    Changes in non-cash working capital   20,922     5,207     26,129  
    Settlement of provisions   33     (3 )   30  
    ADJUSTED FUNDS FLOW   122,097     5,494     127,591  
    Capital expenditures   (56,110 )   (16,956 )   (73,066 )
    FREE CASH FLOW $ 65,987   $ (11,462 ) $ 54,525  
    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
      Six months ended
    June 30, 2025
     
     ($ Thousands) Athabasca
    (Thermal Oil)
      Duvernay Energy(1)   Corporate
    Consolidated(1)
     
    Cash flow from operating activities $ 214,569   $ 10,216   $ 224,785  
    Changes in non-cash working capital   28,152     3,595     31,747  
    Settlement of provisions   729     5     734  
     ADJUSTED FUNDS FLOW   243,450     13,816     257,266  
    Capital expenditures   (106,486 )   (29,913 )   (136,399 )
     FREE CASH FLOW $ 136,964   $ (16,097 ) $ 120,867  
    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
      Three months ended
    June 30, 2024
     
     ($ Thousands) Athabasca
    (Thermal Oil)
      Duvernay Energy(1)   Corporate
    Consolidated(1)
     
    Cash flow from operating activities $ 124,027   $ 11,056   $ 135,083  
    Changes in non-cash working capital   25,375     5,390     30,765  
    Settlement of provisions   11     (113 )   (102 )
    ADJUSTED FUNDS FLOW   149,413     16,333     165,746  
    Capital expenditures   (34,084 )   (14,369 )   (48,453 )
    FREE CASH FLOW $ 115,329   $ 1,964   $ 117,293  
    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
      Six months ended
    June 30, 2024
     
     ($ Thousands) Athabasca
    (Thermal Oil)
      Duvernay Energy(1)   Corporate
    Consolidated(1)
     
    Cash flow from operating activities $ 197,068   $ 14,653   $ 211,721  
    Changes in non-cash working capital   34,761     5,535     40,296  
    Settlement of provisions   1,297     204     1,501  
     ADJUSTED FUNDS FLOW   233,126     20,392     253,518  
    Capital expenditures   (76,203 )   (48,261 )   (124,464 )
     FREE CASH FLOW $ 156,923   $ (27,869 ) $ 129,054  
    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
     

    Duvernay Energy Operating Income and Operating Netback

    The non-GAAP measure Duvernay Energy Operating Income in this News Release is calculated by subtracting the Duvernay Energy royalties, operating expenses and transportation & marketing expenses from petroleum and natural gas sales which is the most directly comparable GAAP measure. The Duvernay Energy Operating Netback per boe is a non-GAAP financial ratio calculated by dividing the Duvernay Energy Operating Income by the Duvernay Energy production. The Duvernay Energy Operating Income and the Duvernay Energy Operating Netback measures allow management and others to evaluate the production results from the Company’s Duvernay Energy assets.

    The Duvernay Energy Operating Income is calculated using the Duvernay Energy Segments GAAP results, as follows:

      Three months ended
    June 30,
      Six months ended
    June 30,
     
    ($ Thousands, unless otherwise noted) 2025   2024   2025   2024  
    Petroleum and natural gas sales $ 13,526   $ 26,749   $ 31,145   $ 38,287  
    Royalties   (1,792 )   (3,498 )   (4,553 )   (5,812 )
    Operating expenses   (4,870 )   (4,063 )   (8,656 )   (7,703 )
    Transportation and marketing   (960 )   (1,131 )   (1,758 )   (2,029 )
    DUVERNAY ENERGY OPERATING INCOME $ 5,904   $ 18,057   $ 16,178   $ 22,743  
                             

    Athabasca (Thermal Oil) Operating Income and Operating Netback

    The non-GAAP measure Athabasca (Thermal Oil) Operating Income in this News Release is calculated by subtracting the Athabasca (Thermal Oil) segments cost of diluent blending, royalties, operating expenses and cash transportation & marketing expenses from heavy oil (blended bitumen) and midstream sales which is the most directly comparable GAAP measure. The Athabasca (Thermal Oil) Operating Netback per bbl is a non-GAAP financial ratio calculated by dividing the respective projects Operating Income by its respective bitumen sales volumes. The Athabasca (Thermal Oil) Operating Income and the Athabasca (Thermal Oil) Operating Netback measures allow management and others to evaluate the production results from the Athabasca (Thermal Oil) assets.

    The Athabasca (Thermal Oil) Operating Income is calculated using the Athabasca (Thermal Oil) Segments GAAP results, as follows:

      Three months ended
    June 30,
      Six months ended
    June 30,
     
    ($ Thousands, unless otherwise noted) 2025   2024   2025   2024  
    Heavy oil (blended bitumen) and midstream sales $ 355,160   $ 395,279   $ 717,535   $ 700,320  
    Cost of diluent   (147,065 )   (148,166 )   (299,197 )   (282,026 )
    Total bitumen and midstream sales   208,095     247,113     418,338     418,294  
    Royalties   (9,431 )   (28,823 )   (25,395 )   (40,360 )
    Operating expenses – non-energy   (26,810 )   (24,417 )   (51,697 )   (47,542 )
    Operating expenses – energy   (13,621 )   (11,635 )   (27,128 )   (28,193 )
    Transportation and marketing(1)   (22,430 )   (20,544 )   (42,999 )   (40,056 )
    ATHABASCA (THERMAL OIL) OPERATING INCOME $ 135,803   $ 161,694   $ 271,119   $ 262,143  
    (1) Transportation and marketing excludes non-cash costs of $0.6 million and $1.1 million for the three and six months ended June 30, 2025 (three and six months ended June 30, 2024 – $0.6 million and $1.1 million).
     

    Corporate Consolidated Operating Income and Corporate Consolidated Operating Income Net of Realized Hedging and Operating Netbacks

    The non-GAAP measures of Corporate Consolidated Operating Income including or excluding realized hedging in this News Release are calculated by adding or subtracting realized gains (losses) on commodity risk management contracts (as applicable), royalties, the cost of diluent blending, operating expenses and cash transportation & marketing expenses from petroleum, natural gas and midstream sales which is the most directly comparable GAAP measure. The Corporate Consolidated Operating Netbacks including or excluding realized hedging per boe are non-GAAP ratios calculated by dividing Corporate Consolidated Operating Income including or excluding hedging by the total sales volumes and are presented on a per boe basis. The Corporate Consolidated Operating Income and Corporate Consolidated Operating Netbacks including or excluding realized hedging measures allow management and others to evaluate the production results from the Company’s Duvernay Energy and Athabasca (Thermal Oil) assets combined together including the impact of realized commodity risk management gains or losses (as applicable).

      Three months ended
    June 30,
      Six months ended
    June 30,
     
    ($ Thousands, unless otherwise noted) 2025   2024   2025   2024  
    Petroleum, natural gas and midstream sales(1) $ 368,686   $ 422,028   $ 748,680   $ 738,607  
    Royalties   (11,223 )   (32,321 )   (29,948 )   (46,172 )
    Cost of diluent(1)   (147,065 )   (148,166 )   (299,197 )   (282,026 )
    Operating expenses   (45,301 )   (40,115 )   (87,481 )   (83,438 )
    Transportation and marketing(2)   (23,390 )   (21,675 )   (44,757 )   (42,085 )
    Operating Income   141,707     179,751     287,297     284,886  
    Realized gain (loss) on commodity risk mgmt. contracts   394     (1,575 )   (1,249 )   (130 )
    OPERATING INCOME NET OF REALIZED HEDGING $ 142,101   $ 178,176   $ 286,048   $ 284,756  
    (1) Non-GAAP measure includes intercompany NGLs (i.e. condensate) sold by the Duvernay Energy segment to the Athabasca (Thermal Oil) segment for use as diluent that is eliminated on consolidation.
    (2) Transportation and marketing excludes non-cash costs of $0.6 million and $1.1 million for the three and six months ended June 30, 2025 (three and six months ended June 30, 2024 – $0.6 million and $1.1 million).
     

    Cash Transportation and Marketing Expense

    The Cash Transportation and Marketing Expense financial measures contained in this News Release are calculated by subtracting the non-cash transportation and marketing expense as reported in the Consolidated Statement of Cash Flows from the transportation and marketing expense as reported in the Consolidated Statement of Income (Loss) and are considered to be non-GAAP financial measures.

    Net Cash

    Net Cash is defined as the face value of term debt, plus accounts payable and accrued liabilities, plus current portion of provisions and other liabilities plus income tax payable less current assets, excluding risk management contracts.

    Liquidity

    Liquidity is defined as cash and cash equivalents plus available credit capacity.

    Production volumes details

        Three months ended
    June 30,
      Six months ended
    June 30,
     
    Production   2025   2024   2025   2024  
    Duvernay Energy:                  
    Oil and condensate NGLs(1) bbl/d   1,608     2,806     1,723     2,006  
    Other NGLs bbl/d   282     266     304     223  
    Natural gas(2) mcf/d   4,329     4,706     4,585     3,998  
    Total Duvernay Energy boe/d   2,612     3,856     2,791     2,895  
    Total Thermal Oil bitumen bbl/d   36,476     33,765     35,613     32,651  
    Total Company production boe/d   39,088     37,621     38,404     35,546  
    (1) Comprised of 99% or greater of tight oil, with the remaining being light and medium crude oil.
    (2) Comprised of 99% or greater of shale gas, with the remaining being conventional natural gas.
     

    This News Release also makes reference to Athabasca’s forecasted average daily Thermal Oil production of 33,500 ‐ 35,500 bbl/d for 2025. Athabasca expects that 100% of that production will be comprised of bitumen. Duvernay Energy’s forecasted total average daily production of ~4,000 boe/d for 2025 is expected to be comprised of approximately 65% tight oil, 25% shale gas and 10% NGLs.

    Liquids is defined as bitumen, light crude oil, medium crude oil and natural gas liquids.

    Break Even is an operating metric that calculates the US$WTI oil price required to fund operating costs (Operating Break-even), sustaining capital (Sustaining Break-even), or growth capital (Total Capital) within Adjusted Funds Flow.

    The MIL Network –

    July 25, 2025
  • MIL-OSI: Athabasca Oil Announces 2025 Second Quarter Results Highlighted by Strong Operational Results, Continued Share Buybacks and a Pristine Financial Position

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 24, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its second quarter results marked by strong operational performance, consistent financial results and execution on return of capital commitments. With low corporate break-evens, differentiated long-life assets and a pristine balance sheet, the Company is well positioned to advance its strategic priorities.

    Q2 2025 Consolidated Corporate Results

    • Production: Average production of 39,088 boe/d (98% Liquids), representing 4% (15% per share) growth year-over-year.
    • Cash Flow: Adjusted Funds Flow of $128 million ($0.25 per share). Cash Flow from Operating Activities of $101 million. Free Cash Flow of $66 million from Athabasca (Thermal Oil).
    • Capital Program: $73 million total capital expenditures including $54 million at Leismer to support the 40,000 bbl/d phased growth project.
    • Shareholder Returns: Purchased 24 million shares through its buy-back program year-to-date. The Company is committed to returning 100% of Free Cash Flow (Thermal Oil) to shareholders in 2025 and has completed ~$600 million in share buybacks since March 31, 2023, reducing its fully diluted share count by 21%.

    Operations Highlights

    • Leismer: Production currently ~28,000 bbl/d (June 2025) with four sustaining well pairs expected to be placed on production through the balance of the year. The progressive growth project remains on time and on budget. The Company expects production to stay flat until the next growth plateau of 32,000 bbl/d in H2 2026.
    • Hangingstone: Production currently ~8,900 bbl/d (June 2025) following the start-up of two extended reach well pairs which are outperforming management’s expectations. The asset continues to deliver meaningful free cash flow generation.
    • Duvernay Energy (“DEC”): A four well pad (30% working interest) with ~5,000 meter laterals was completed in mid July and will be placed on production in August. Completion operations are expected to commence on a three well pad (100% working interest) in September. DEC is positioned for strong operational momentum into year end with an exit target of ~6,000 boe/d.

    Resilient Producer

    • Pristine Financial Position: The Company has a Net Cash position of $119 million, Liquidity of $437 million (including $304 million cash) and a long-dated maturity of 2029 on its term debt. The Company also has $2.2 billion of tax pools (~80% high-value and immediately deductible).
    • Low Break-evens: Long-life, low decline assets afford Athabasca with a sustaining capital advantage. The Company’s 2025 Thermal Oil capital program which includes growth initiatives is fully funded within cash flow below US$50/bbl WTI. Long term sustaining capital investment is estimated at ~C$8/bbl (five‐year annual average) to hold production flat.

    2025 Corporate Guidance

    • Consolidated Production Outlook: The Company anticipates production at the upper end of guidance of 37,500 – 39,500 boe/d with an exit rate of ~41,000 boe/d. Thermal Oil production is trending at the upper end of its prior guidance of 33,500 – 35,500 bbl/d. Duvernay Energy is expected to average ~4,000 boe/d with an exit target of ~6,000 boe/d following the tie-in of two multi-well pads.
    • Thermal Capital: The forecast capital budget for Thermal oil is unchanged at ~$250 million, including sustaining capital and the Leismer expansion project. This $300 million expansion project (over three years) is highly economic (~$25,000/bbl/d capital efficiency) and provides flexibility with interim growth targets to ~32,000 bbl/d in H2 2026 and ~35,000 bbl/d in H1 2027 before achieving the regulatory approved 40,000 bbl/d capacity at the end of 2027. Athabasca’s Thermal Oil capital projects are flexible, highly economic and have phased optionality on timing based on the macroeconomic environment. By year-end 2025, the Company anticipates being ~50% complete of total capital exposure for the expansion project.
    • Duvernay Energy Corporation Capital: The 2025 capital program of ~$75 million will drive production momentum in H2 2025. The capital program in DEC is flexible and designed to be self-funded. The Company has a deep inventory of ~444 gross future drilling locations with no near-term land expiries.
    • Free Cash Flow Focus: The Company forecasts consolidated Adjusted Funds Flow between $525 – $550 million1, including $475 – $500 million from its Thermal Oil assets. 2025 Thermal Oil Free Cash Flow is forecasted at ~$250 million and is planned to be returned to shareholders through share buybacks. Every +US$1/bbl move in West Texas Intermediate (“WTI”) and Western Canadian Select (“WCS”) heavy oil impacts annual Adjusted Funds Flow by ~$10 million and ~$17 million, respectively.

    Corporate Consolidated Strategy

    • Value Creation: The Company’s Thermal Oil division provides a differentiated liquids weighted growth platform supported by financial resiliency to execute on return of capital initiatives. Athabasca’s subsidiary company, Duvernay Energy Corporation, is designed to enhance value for Athabasca’s shareholders by providing a clear path for self-funded production and cash flow growth in the Kaybob Duvernay resource play. Athabasca (Thermal Oil) and DEC have independent strategies and capital allocation frameworks.
    • Steadfast Focus on Cash Flow Per Share Growth: Athabasca’s disciplined capital allocation framework is designed to unlock shareholder value by prioritizing multi-year cash flow per share growth. The Company forecasts ~20% compounded annual cash flow per share growth between 2025-2029 driven by investing in attractive capital projects and prioritizing share buybacks with 100% of Free Cash Flow. The Company sees significant intrinsic value not reflected in the current share price and intends to remain active with its share buyback strategy.

    Athabasca (Thermal Oil) Strategy

    • Large Resource Base: Athabasca’s top-tier assets underpin a strong Free Cash Flow outlook with low sustaining capital requirements. The long life, low decline asset base includes ~1.2 billion barrels of Proved plus Probable reserves and ~1 billion barrels of Contingent Resource.
    • Strong Financial Position: Prudent balance sheet management is a core tenet of Athabasca’s strategy. The Company has a Net Cash position of $119 million, Liquidity of $437 million (including $304 million cash) and a long-dated maturity of 2029 on its term debt.
    • Leismer Progressive Growth: This $300 million expansion project (over three years) is highly economic (~$25,000/bbl/d capital efficiency) and provides flexibility with interim growth targets to ~32,000 bbl/d in H2 2026 and ~35,000 bbl/d in H1 2027 before achieving the regulatory approved 40,000 bbl/d capacity at the end of 2027. On completion of the expansion project, the Company can maintain Leismer at 40,000 bbl/d for approximately fifty years (Proved plus Probable Reserves).
    • Sustaining Hangingstone: The Hangingstone asset is very competitive and continues to deliver meaningful cash flow contributions to the Company. The objective is to sustain production and maintain competitive netbacks ($36.51/bbl H1 2025 Operating Netback).
    • Corner – Future Optionality: The Company’s Corner asset is a large de-risked oil sands asset adjacent to Leismer with 351 million barrels of Proved plus Probable reserves and 520 million barrels Contingent Resource (Best Estimate Unrisked). There are over 300 delineation wells and ~80% seismic coverage, with reservoir qualities similar to or better than Leismer. The asset has a 40,000 bbl/d regulatory approval for development with the existing pipeline corridor passing through the Corner lease. The Company has updated its development plans and is finalizing facility cost estimates, with a focus on capital efficient modular design.
    • Significant Multi-Year Free Cash Flow: Inclusive of the progressive growth at Leismer, Athabasca (Thermal Oil) expects to generate in excess of $1.8 billion of Free Cash Flow1 during the five-year time frame of 2025-29. Free Cash Flow will continue to support the Company’s return of capital initiatives.
    • Sound Heavy Oil Fundamentals: Canadian heavy oil markets remain strong supported by the Trans Mountain Expansion pipeline and sustained global refining demand. This has resulted in tighter and less volatile WCS heavy differentials with August index pricing at ~US$10/bbl. Athabasca is a direct beneficiary of structurally tighter differentials that are forecasted to hold in the coming years.
    • Thermal Oil Royalty Advantage: Athabasca has significant unrecovered capital balances on its Thermal Oil Assets that ensure a low Crown royalty framework (~6%1). Leismer is forecasted to remain pre-payout until late 20271 and Hangingstone is forecasted to remain pre-payout beyond 20301.
    • Tax Free Horizon Advantage: Athabasca (Thermal Oil) has $2.2 billion of valuable tax pools and does not forecast paying cash taxes this decade.

    Duvernay Energy Strategy

    • Accelerating Value: DEC is an operated, private subsidiary of Athabasca (owned 70% by Athabasca and 30% by Cenovus Energy). DEC accelerates value realization for Athabasca’s shareholders by providing a clear path for self-funded production and cash flow growth without compromising Athabasca’s capacity to fund its Thermal Oil assets or its return of capital strategy.
    • Kaybob Duvernay Focused: Exposure to ~200,000 gross acres in the liquids rich and oil windows with ~444 gross future well locations, including ~46,000 gross acres with 100% working interest.
    • Self-Funded Growth: Near-term activity will be funded within Adjusted Funds Flow, initial seed capital and the DEC credit facility. The Company has growth potential to in excess of ~20,000 boe/d (75% Liquids) by the late 2020s1.

    Footnote: Refer to the “Reader Advisory” section within this news release for additional information on Non‐GAAP Financial Measures (e.g. Adjusted Funds Flow, Free Cash Flow, Net Cash, Liquidity) and production disclosure.
    1 Pricing assumptions: H1 2025 actualized and US$65 WTI, US$12.50 WCS heavy differential, C$2 AECO, and 0.725 C$/US$ FX for H2 2025. 2026+ US$70 WTI, US$12.50 WCS heavy differential, C$3 AECO, and 0.725 C$/US$ FX

    Financial and Operational Highlights

      Three months ended
    June 30,
      Six months ended
    June 30,
     
    ($ Thousands, unless otherwise noted) 2025     2024     2025     2024    
    CORPORATE CONSOLIDATED(1)                
    Petroleum and natural gas production (boe/d)(2)   39,088       37,621       38,404       35,546    
    Petroleum, natural gas and midstream sales $ 360,070     $ 401,738     $ 727,914     $ 712,854    
    Operating Income(2) $ 141,707     $ 179,751     $ 287,297     $ 284,886    
    Operating Income Net of Realized Hedging(2)(3) $ 142,101     $ 178,176     $ 286,048     $ 284,756    
    Operating Netback ($/boe)(2) $ 38.81     $ 52.46     $ 41.30     $ 44.77    
    Operating Netback Net of Realized Hedging ($/boe)(2)(3) $ 38.92     $ 52.00     $ 41.12     $ 44.75    
    Capital expenditures $ 73,066     $ 48,453     $ 136,399     $ 124,464    
    Cash flow from operating activities $ 101,432     $ 135,083     $ 224,785     $ 211,721    
    per share – basic $ 0.20     $ 0.24     $ 0.44     $ 0.38    
    Adjusted Funds Flow(2) $ 127,591     $ 165,746     $ 257,266     $ 253,518    
    per share – basic $ 0.25     $ 0.30     $ 0.51     $ 0.45    
    ATHABASCA (THERMAL OIL)                
    Bitumen production (bbl/d)(2)   36,476       33,765       35,613       32,651    
    Petroleum, natural gas and midstream sales $ 355,160     $ 395,279     $ 717,535     $ 700,320    
    Operating Income(2) $ 135,803     $ 161,694     $ 271,119     $ 262,143    
    Operating Netback ($/bbl)(2) $ 39.79     $ 52.59     $ 42.02     $ 44.91    
    Capital expenditures $ 56,110     $ 34,084     $ 106,486     $ 76,203    
    Adjusted Funds Flow(2) $ 122,097     $ 149,413     $ 243,450     $ 233,126    
    Free Cash Flow(2) $ 65,987     $ 115,329     $ 136,964     $ 156,923    
    DUVERNAY ENERGY(1)                
    Petroleum and natural gas production (boe/d)(2)   2,612       3,856       2,791       2,895    
    Percentage Liquids (%)(2) 72 %   80 %   73 %   77 %  
    Petroleum, natural gas and midstream sales $ 13,526     $ 26,749     $ 31,145     $ 38,287    
    Operating Income(2) $ 5,904     $ 18,057     $ 16,178     $ 22,743    
    Operating Netback ($/boe)(2) $ 24.84     $ 51.46     $ 32.03     $ 43.17    
    Capital expenditures $ 16,956     $ 14,369     $ 29,913     $ 48,261    
    Adjusted Funds Flow(2) $ 5,494     $ 16,333     $ 13,816     $ 20,392    
    Free Cash Flow(2) $ (11,462 )   $ 1,964     $ (16,097 )   $ (27,869 )  
    NET INCOME AND COMPREHENSIVE INCOME                
    Net income and comprehensive income(4) $ 56,870     $ 96,076     $ 128,874     $ 134,685    
    per share – basic(4) $ 0.11     $ 0.17     $ 0.25     $ 0.24    
    per share – diluted(4) $ 0.11     $ 0.17     $ 0.25     $ 0.24    
    COMMON SHARES OUTSTANDING                
    Weighted average shares outstanding – basic   502,593,860       557,299,962       508,393,229       562,188,451    
    Weighted average shares outstanding – diluted   510,591,132       566,559,671       512,076,328       569,058,329    
      June 30,   December 31,  
    As at ($ Thousands) 2025   2024  
    LIQUIDITY AND BALANCE SHEET (CONSOLIDATED)        
    Cash and cash equivalents $ 304,048   $ 344,836  
    Available credit facilities(5) $ 133,074   $ 136,324  
    Face value of term debt $ 200,000   $ 200,000  
     
    (1) Corporate Consolidated and Duvernay Energy reflect gross production and financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
    (2) Refer to the “Reader Advisory” section within this News Release for additional information on Non-GAAP Financial Measures and production disclosure.
    (3) Includes realized commodity risk management gain of $0.4 million and loss of $1.2 million for the three and six months ended June 30, 2025 (three and six months ended June 30, 2024 – loss of $1.6 million and $0.1 million).
    (4) Net income and comprehensive income per share amounts are based on net income and comprehensive income attributable to shareholders of the Parent Company. In the calculation of diluted net income per share for the three months ended June 30, 2025 net income was increased by $0.4 million, to account for the impact to net income had the outstanding warrants been converted to equity. In the calculation of diluted net income per share for the three months ended June 30, 2024 net income was reduced by $0.4 million, to account for the impact to net income had the outstanding warrants been converted to equity.
    (5) Includes available credit under Athabasca’s and Duvernay Energy’s Credit Facilities and Athabasca’s Unsecured Letter of Credit Facility.
     

    Athabasca (Thermal Oil) Q2 2025 Highlights and Operations Update

    • Production: Production of 36,476 bbl/d (27,818 bbl/d at Leismer and 8,658 bbl/d at Hangingstone).
    • Cash Flow: Adjusted Funds Flow of $122.1 million; Operating Income of $135.8 million with an Operating Netback of $39.79/bbl ($42.02/bbl H1 2025).
    • Capital: $56.1 million of capital expenditures in Q2, with $53.9 million at Leismer as the Company advances the 40,000 bbl/d progressive growth project.
    • Free Cash Flow: $66.0 million of Free Cash Flow supporting return of capital commitment.

    Leismer

    Earlier this year, the Company brought six extended reach redrills on Pad L1 (1,000 – 1,700 meter laterals) on production supporting current production of ~28,000 bbl/d (June 2025). Four well pairs on Pad L10 are expected to maintain production rates at facility capacity for the balance of 2025. The first two wells started steaming in April with production expected in Q3, and the final two will begin steaming this summer with first production expected in Q4. Another six well pairs will be drilled on Pad 11 in H2 2025.

    Activity at Leismer remains focused on advancing progressive growth to 40,000 bbl/d by the end of 2027. The project cost is estimated at $300 million generating a capital efficiency of approximately $25,000/bbl/d. The $300 million will be spent between 2025 and 2027 and includes an estimated $190 million for facility capital and an estimated $110 million for growth wells. By year-end 2025, the Company anticipates being ~50% complete of total capital exposure for the expansion project. The project remains on budget and on schedule with the original sanction plans announced in July 2024. The progressive build provides flexibility with interim growth targets to ~32,000 bbl/d in H2 2026 following the next planned turnaround, and ~35,000 bbl/d in H1 2027 before achieving the regulatory approved 40,000 bbl/d capacity at the end of 2027.

    Hangingstone

    At Hangingstone, two extended reach sustaining well pairs (~1,400 meter average laterals) were placed on production in March with production of ~8,900 bbl/d (June 2025). The well pairs ramped up faster than anticipated, benefiting from favorable reservoir temperatures and pressure supported by offsetting wells. Current well pair performance between 800 – 1,000 bbl/d per well has exceeded management’s expectations. Hangingstone continues to deliver meaningful cash flow contributions to the Company.

    Duvernay Energy Corporation Q2 2025 Highlights and Operations Update

    • Production: Production of 2,612 boe/d (72% Liquids).
    • Cash Flow: Adjusted Funds Flow of $5.5 million with an Operating Netback of $24.84/boe ($32.03/boe H1 2025).
    • Capital: $17.0 million of capital expenditures including completions on a 30% working interest four-well pad.  

    During the quarter completions operations commenced on a four well pad (30% working interest) with average laterals of ~5,000 meters. Completion operations on this pad were completed in mid July and the wells are expected to be on production in early August. A three well pad (100% working interest) is scheduled to be completed in early Fall and on production shortly thereafter. Earlier in 2025, a strategic gathering system was completed connecting the operated wells to existing operated infrastructure.

    Production from new wells drilled in 2024 continue to validate DEC’s type curve expectations. The five wells placed on production have averaged IP30’s of ~1,200 boe/d per well (86% Liquids) and IP90s of ~940 boe/d (86% Liquids) per well.

    DEC retains significant operational flexibility with no near-term land expiries and the ability to adjust spending in response to commodity price movements.

    About Athabasca Oil Corporation

    Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol “ATH”. For more information, visit www.atha.com.

    For more information, please contact:

    Reader Advisory:

    This News Release contains forward-looking information that involves various risks, uncertainties and other factors. All information other than statements of historical fact is forward-looking information. The use of any of the words “anticipate”, “plan”, “project”, “continue”, “maintain”, “may”, “estimate”, “expect”, “will”, “target”, “forecast”, “could”, “intend”, “potential”, “guidance”, “outlook” and similar expressions suggesting future outcome are intended to identify forward-looking information. The forward-looking information is not historical fact, but rather is based on the Company’s current plans, objectives, goals, strategies, estimates, assumptions and projections about the Company’s industry, business and future operating and financial results. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking information included in this News Release should not be unduly relied upon. This information speaks only as of the date of this News Release. In particular, this News Release contains forward-looking information pertaining to, but not limited to, the following: our strategic plans; the allocation of future capital; timing and quantum for shareholder returns including share buybacks; the terms of our NCIB program; our drilling plans and capital efficiencies; production growth to expected production rates and estimated sustaining capital amounts; timing of Leismer’s and Hangingstone’s pre-payout royalty status; applicability of tax pools; Adjusted Funds Flow and Free Cash Flow over various periods; type well economic metrics; number of drilling locations; forecasted daily production and the composition of production; break-even metrics, our outlook in respect of the Company’s business environment, including in respect of commodity pricing; and other matters.

    In addition, information and statements in this News Release relating to “Reserves” and “Resources” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated, and that the reserves and resources described can be profitably produced in the future. With respect to forward-looking information contained in this News Release, assumptions have been made regarding, among other things: commodity prices; the regulatory framework governing royalties, taxes and environmental matters in the jurisdictions in which the Company conducts and will conduct business and the effects that such regulatory framework will have on the Company, including on the Company’s financial condition and results of operations; the Company’s financial and operational flexibility; the Company’s financial sustainability; Athabasca’s cash flow break-even commodity price; the Company’s ability to obtain qualified staff and equipment in a timely and cost-efficient manner; the applicability of technologies for the recovery and production of the Company’s reserves and resources; future capital expenditures to be made by the Company; future sources of funding for the Company’s capital programs; the Company’s future debt levels; future production levels; the Company’s ability to obtain financing and/or enter into joint venture arrangements, on acceptable terms; operating costs; compliance of counterparties with the terms of contractual arrangements; impact of increasing competition globally; collection risk of outstanding accounts receivable from third parties; geological and engineering estimates in respect of the Company’s reserves and resources; recoverability of reserves and resources; the geography of the areas in which the Company is conducting exploration and development activities and the quality of its assets. Certain other assumptions related to the Company’s Reserves and Resources are contained in the report of McDaniel & Associates Consultants Ltd. (“McDaniel”) evaluating Athabasca’s Proved Reserves, Probable Reserves and Contingent Resources as at December 31, 2024 (which is respectively referred to herein as the “McDaniel Report”).

    Actual results could differ materially from those anticipated in this forward-looking information as a result of the risk factors set forth in the Company’s Annual Information Form (“AIF”) dated March 5, 2025 available on SEDAR at www.sedarplus.ca, including, but not limited to: weakness in the oil and gas industry; exploration, development and production risks; prices, markets and marketing; market conditions; trade relations and tariffs; climate change and carbon pricing risk; statutes and regulations regarding the environment including deceptive marketing provisions; regulatory environment and changes in applicable law; gathering and processing facilities, pipeline systems and rail; reputation and public perception of the oil and gas sector; environment, social and governance goals; political uncertainty; state of capital markets; ability to finance capital requirements; access to capital and insurance; abandonment and reclamation costs; changing demand for oil and natural gas products; anticipated benefits of acquisitions and dispositions; royalty regimes; foreign exchange rates and interest rates; reserves; hedging; operational dependence; operating costs; project risks; supply chain disruption; financial assurances; diluent supply; third party credit risk; indigenous claims; reliance on key personnel and operators; income tax; cybersecurity; advanced technologies; hydraulic fracturing; liability management; seasonality and weather conditions; unexpected events; internal controls; limitations and insurance; litigation; natural gas overlying bitumen resources; competition; chain of title and expiration of licenses and leases; breaches of confidentiality; new industry related activities or new geographical areas; water use restrictions and/or limited access to water; relationship with Duvernay Energy Corporation; management estimates and assumptions; third-party claims; conflicts of interest; inflation and cost management; credit ratings; growth management; impact of pandemics; ability of investors resident in the United States to enforce civil remedies in Canada; and risks related to our debt and securities. All subsequent forward-looking information, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.

    Also included in this News Release are estimates of Athabasca’s 2025 outlook which are based on the various assumptions as to production levels, commodity prices, currency exchange rates and other assumptions disclosed in this News Release. To the extent any such estimate constitutes a financial outlook, it was approved by management and the Board of Directors of Athabasca and is included to provide readers with an understanding of the Company’s outlook. Management does not have firm commitments for all of the costs, expenditures, prices or other financial assumptions used to prepare the financial outlook or assurance that such operating results will be achieved and, accordingly, the complete financial effects of all of those costs, expenditures, prices and operating results are not objectively determinable. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The outlook and forward-looking information contained in this New Release was made as of the date of this News release and the Company disclaims any intention or obligations to update or revise such outlook and/or forward-looking information, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.

    Oil and Gas Information

    “BOEs” may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

    Initial Production Rates 

    Test Results and Initial Production Rates: The well test results and initial production rates provided herein should be considered to be preliminary, except as otherwise indicated. Test results and initial production rates disclosed herein may not necessarily be indicative of long-term performance or of ultimate recovery.

    Reserves Information

    The McDaniel Report was prepared using the assumptions and methodology guidelines outlined in the COGE Handbook and in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, effective December 31, 2024. There are numerous uncertainties inherent in estimating quantities of bitumen, light crude oil and medium crude oil, tight oil, conventional natural gas, shale gas and natural gas liquids reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company’s actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. Reserves figures described herein have been rounded to the nearest MMbbl or MMboe. For additional information regarding the consolidated reserves and information concerning the resources of the Company as evaluated by McDaniel in the McDaniel Report, please refer to the Company’s AIF.

    Reserve Values (i.e. Net Asset Value) is calculated using the estimated net present value of all future net revenue from our reserves, before income taxes discounted at 10%, as estimated by McDaniel effective December 31, 2024 and based on average pricing of McDaniel, Sproule and GLJ as of January 1, 2025.

    The 444 gross Duvernay drilling locations referenced include: 87 proved undeveloped locations and 85 probable undeveloped locations for a total of 172 booked locations with the balance being unbooked locations. Proved undeveloped locations and probable undeveloped locations are booked and derived from the Company’s most recent independent reserves evaluation as prepared by McDaniel as of December 31, 2024 and account for drilling locations that have associated proved and/or probable reserves, as applicable. Unbooked locations are internal management estimates. Unbooked locations do not have attributed reserves or resources (including contingent or prospective). Unbooked locations have been identified by management as an estimation of Athabasca’s multi-year drilling activities expected to occur over the next two decades based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company will actually drill wells, including the number and timing thereof is ultimately dependent upon the availability of funding, commodity prices, provincial fiscal and royalty policies, costs, actual drilling results, additional reservoir information that is obtained and other factors.

    Non-GAAP and Other Financial Measures, and Production Disclosure

    The “Corporate Consolidated Adjusted Funds Flow”, “Corporate Consolidated Adjusted Funds Flow per Share”, “Athabasca (Thermal Oil) Adjusted Funds Flow”, “Duvernay Energy Adjusted Funds Flow”, “Corporate Consolidated Free Cash Flow”, “Athabasca (Thermal Oil) Free Cash Flow”, “Duvernay Energy Free Cash Flow”, “Corporate Consolidated Operating Income”, “Corporate Consolidated Operating Income Net of Realized Hedging”, “Athabasca (Thermal Oil) Operating Income”, “Duvernay Energy Operating Income”, “Corporate Consolidated Operating Netback”, “Corporate Consolidated Operating Netback Net of Realized Hedging”, “Athabasca (Thermal Oil) Operating Netback”, “Duvernay Energy Operating Netback” and “Cash Transportation and Marketing Expense” financial measures contained in this News Release do not have standardized meanings which are prescribed by IFRS and they are considered to be non-GAAP financial measures or ratios. These measures may not be comparable to similar measures presented by other issuers and should not be considered in isolation with measures that are prepared in accordance with IFRS. Net Cash and Liquidity are supplementary financial measures. The Leismer and Hangingstone operating results are supplementary financial measures that when aggregated, combine to the Athabasca (Thermal Oil) segment results.

    Adjusted Funds Flow, Adjusted Funds Flow Per Share and Free Cash Flow

    Adjusted Funds Flow and Free Cash Flow are non-GAAP financial measures and are not intended to represent cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS. The Adjusted Funds Flow and Free Cash Flow measures allow management and others to evaluate the Company’s ability to fund its capital programs and meet its ongoing financial obligations using cash flow internally generated from ongoing operating related activities. Adjusted Funds Flow per share is a non-GAAP financial ratio calculated as Adjusted Funds Flow divided by the applicable number of weighted average shares outstanding. Adjusted Funds Flow and Free Cash Flow are calculated as follows:

      Three months ended
    June 30, 2025
     
     ($ Thousands) Athabasca
    (Thermal Oil)
      Duvernay Energy(1)   Corporate
    Consolidated(1)
     
    Cash flow from operating activities $ 101,142   $ 290   $ 101,432  
    Changes in non-cash working capital   20,922     5,207     26,129  
    Settlement of provisions   33     (3 )   30  
    ADJUSTED FUNDS FLOW   122,097     5,494     127,591  
    Capital expenditures   (56,110 )   (16,956 )   (73,066 )
    FREE CASH FLOW $ 65,987   $ (11,462 ) $ 54,525  
    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
      Six months ended
    June 30, 2025
     
     ($ Thousands) Athabasca
    (Thermal Oil)
      Duvernay Energy(1)   Corporate
    Consolidated(1)
     
    Cash flow from operating activities $ 214,569   $ 10,216   $ 224,785  
    Changes in non-cash working capital   28,152     3,595     31,747  
    Settlement of provisions   729     5     734  
     ADJUSTED FUNDS FLOW   243,450     13,816     257,266  
    Capital expenditures   (106,486 )   (29,913 )   (136,399 )
     FREE CASH FLOW $ 136,964   $ (16,097 ) $ 120,867  
    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
      Three months ended
    June 30, 2024
     
     ($ Thousands) Athabasca
    (Thermal Oil)
      Duvernay Energy(1)   Corporate
    Consolidated(1)
     
    Cash flow from operating activities $ 124,027   $ 11,056   $ 135,083  
    Changes in non-cash working capital   25,375     5,390     30,765  
    Settlement of provisions   11     (113 )   (102 )
    ADJUSTED FUNDS FLOW   149,413     16,333     165,746  
    Capital expenditures   (34,084 )   (14,369 )   (48,453 )
    FREE CASH FLOW $ 115,329   $ 1,964   $ 117,293  
    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
      Six months ended
    June 30, 2024
     
     ($ Thousands) Athabasca
    (Thermal Oil)
      Duvernay Energy(1)   Corporate
    Consolidated(1)
     
    Cash flow from operating activities $ 197,068   $ 14,653   $ 211,721  
    Changes in non-cash working capital   34,761     5,535     40,296  
    Settlement of provisions   1,297     204     1,501  
     ADJUSTED FUNDS FLOW   233,126     20,392     253,518  
    Capital expenditures   (76,203 )   (48,261 )   (124,464 )
     FREE CASH FLOW $ 156,923   $ (27,869 ) $ 129,054  
    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
     

    Duvernay Energy Operating Income and Operating Netback

    The non-GAAP measure Duvernay Energy Operating Income in this News Release is calculated by subtracting the Duvernay Energy royalties, operating expenses and transportation & marketing expenses from petroleum and natural gas sales which is the most directly comparable GAAP measure. The Duvernay Energy Operating Netback per boe is a non-GAAP financial ratio calculated by dividing the Duvernay Energy Operating Income by the Duvernay Energy production. The Duvernay Energy Operating Income and the Duvernay Energy Operating Netback measures allow management and others to evaluate the production results from the Company’s Duvernay Energy assets.

    The Duvernay Energy Operating Income is calculated using the Duvernay Energy Segments GAAP results, as follows:

      Three months ended
    June 30,
      Six months ended
    June 30,
     
    ($ Thousands, unless otherwise noted) 2025   2024   2025   2024  
    Petroleum and natural gas sales $ 13,526   $ 26,749   $ 31,145   $ 38,287  
    Royalties   (1,792 )   (3,498 )   (4,553 )   (5,812 )
    Operating expenses   (4,870 )   (4,063 )   (8,656 )   (7,703 )
    Transportation and marketing   (960 )   (1,131 )   (1,758 )   (2,029 )
    DUVERNAY ENERGY OPERATING INCOME $ 5,904   $ 18,057   $ 16,178   $ 22,743  
                             

    Athabasca (Thermal Oil) Operating Income and Operating Netback

    The non-GAAP measure Athabasca (Thermal Oil) Operating Income in this News Release is calculated by subtracting the Athabasca (Thermal Oil) segments cost of diluent blending, royalties, operating expenses and cash transportation & marketing expenses from heavy oil (blended bitumen) and midstream sales which is the most directly comparable GAAP measure. The Athabasca (Thermal Oil) Operating Netback per bbl is a non-GAAP financial ratio calculated by dividing the respective projects Operating Income by its respective bitumen sales volumes. The Athabasca (Thermal Oil) Operating Income and the Athabasca (Thermal Oil) Operating Netback measures allow management and others to evaluate the production results from the Athabasca (Thermal Oil) assets.

    The Athabasca (Thermal Oil) Operating Income is calculated using the Athabasca (Thermal Oil) Segments GAAP results, as follows:

      Three months ended
    June 30,
      Six months ended
    June 30,
     
    ($ Thousands, unless otherwise noted) 2025   2024   2025   2024  
    Heavy oil (blended bitumen) and midstream sales $ 355,160   $ 395,279   $ 717,535   $ 700,320  
    Cost of diluent   (147,065 )   (148,166 )   (299,197 )   (282,026 )
    Total bitumen and midstream sales   208,095     247,113     418,338     418,294  
    Royalties   (9,431 )   (28,823 )   (25,395 )   (40,360 )
    Operating expenses – non-energy   (26,810 )   (24,417 )   (51,697 )   (47,542 )
    Operating expenses – energy   (13,621 )   (11,635 )   (27,128 )   (28,193 )
    Transportation and marketing(1)   (22,430 )   (20,544 )   (42,999 )   (40,056 )
    ATHABASCA (THERMAL OIL) OPERATING INCOME $ 135,803   $ 161,694   $ 271,119   $ 262,143  
    (1) Transportation and marketing excludes non-cash costs of $0.6 million and $1.1 million for the three and six months ended June 30, 2025 (three and six months ended June 30, 2024 – $0.6 million and $1.1 million).
     

    Corporate Consolidated Operating Income and Corporate Consolidated Operating Income Net of Realized Hedging and Operating Netbacks

    The non-GAAP measures of Corporate Consolidated Operating Income including or excluding realized hedging in this News Release are calculated by adding or subtracting realized gains (losses) on commodity risk management contracts (as applicable), royalties, the cost of diluent blending, operating expenses and cash transportation & marketing expenses from petroleum, natural gas and midstream sales which is the most directly comparable GAAP measure. The Corporate Consolidated Operating Netbacks including or excluding realized hedging per boe are non-GAAP ratios calculated by dividing Corporate Consolidated Operating Income including or excluding hedging by the total sales volumes and are presented on a per boe basis. The Corporate Consolidated Operating Income and Corporate Consolidated Operating Netbacks including or excluding realized hedging measures allow management and others to evaluate the production results from the Company’s Duvernay Energy and Athabasca (Thermal Oil) assets combined together including the impact of realized commodity risk management gains or losses (as applicable).

      Three months ended
    June 30,
      Six months ended
    June 30,
     
    ($ Thousands, unless otherwise noted) 2025   2024   2025   2024  
    Petroleum, natural gas and midstream sales(1) $ 368,686   $ 422,028   $ 748,680   $ 738,607  
    Royalties   (11,223 )   (32,321 )   (29,948 )   (46,172 )
    Cost of diluent(1)   (147,065 )   (148,166 )   (299,197 )   (282,026 )
    Operating expenses   (45,301 )   (40,115 )   (87,481 )   (83,438 )
    Transportation and marketing(2)   (23,390 )   (21,675 )   (44,757 )   (42,085 )
    Operating Income   141,707     179,751     287,297     284,886  
    Realized gain (loss) on commodity risk mgmt. contracts   394     (1,575 )   (1,249 )   (130 )
    OPERATING INCOME NET OF REALIZED HEDGING $ 142,101   $ 178,176   $ 286,048   $ 284,756  
    (1) Non-GAAP measure includes intercompany NGLs (i.e. condensate) sold by the Duvernay Energy segment to the Athabasca (Thermal Oil) segment for use as diluent that is eliminated on consolidation.
    (2) Transportation and marketing excludes non-cash costs of $0.6 million and $1.1 million for the three and six months ended June 30, 2025 (three and six months ended June 30, 2024 – $0.6 million and $1.1 million).
     

    Cash Transportation and Marketing Expense

    The Cash Transportation and Marketing Expense financial measures contained in this News Release are calculated by subtracting the non-cash transportation and marketing expense as reported in the Consolidated Statement of Cash Flows from the transportation and marketing expense as reported in the Consolidated Statement of Income (Loss) and are considered to be non-GAAP financial measures.

    Net Cash

    Net Cash is defined as the face value of term debt, plus accounts payable and accrued liabilities, plus current portion of provisions and other liabilities plus income tax payable less current assets, excluding risk management contracts.

    Liquidity

    Liquidity is defined as cash and cash equivalents plus available credit capacity.

    Production volumes details

        Three months ended
    June 30,
      Six months ended
    June 30,
     
    Production   2025   2024   2025   2024  
    Duvernay Energy:                  
    Oil and condensate NGLs(1) bbl/d   1,608     2,806     1,723     2,006  
    Other NGLs bbl/d   282     266     304     223  
    Natural gas(2) mcf/d   4,329     4,706     4,585     3,998  
    Total Duvernay Energy boe/d   2,612     3,856     2,791     2,895  
    Total Thermal Oil bitumen bbl/d   36,476     33,765     35,613     32,651  
    Total Company production boe/d   39,088     37,621     38,404     35,546  
    (1) Comprised of 99% or greater of tight oil, with the remaining being light and medium crude oil.
    (2) Comprised of 99% or greater of shale gas, with the remaining being conventional natural gas.
     

    This News Release also makes reference to Athabasca’s forecasted average daily Thermal Oil production of 33,500 ‐ 35,500 bbl/d for 2025. Athabasca expects that 100% of that production will be comprised of bitumen. Duvernay Energy’s forecasted total average daily production of ~4,000 boe/d for 2025 is expected to be comprised of approximately 65% tight oil, 25% shale gas and 10% NGLs.

    Liquids is defined as bitumen, light crude oil, medium crude oil and natural gas liquids.

    Break Even is an operating metric that calculates the US$WTI oil price required to fund operating costs (Operating Break-even), sustaining capital (Sustaining Break-even), or growth capital (Total Capital) within Adjusted Funds Flow.

    The MIL Network –

    July 25, 2025
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