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Category: Artificial Intelligence

  • MIL-OSI United Kingdom: MHRA announces proposals to improve access to world’s best medical devices for patients and to boost economic growth in Britain’s med tech sector

    Source: United Kingdom – Executive Government & Departments

    Press release

    MHRA announces proposals to improve access to world’s best medical devices for patients and to boost economic growth in Britain’s med tech sector

    The MHRA has now published the government’s response to its public consultation on future routes to market for medical devices – designed to modernise regulation

    The Medicines and Healthcare products Regulatory Agency (MHRA) has today announced important new steps to secure access for patients to the latest medical technologies available in Europe and other advanced countries.

    As well as improving patient access to technologies, the proposals will boost med tech industrial growth by reducing duplicative regulatory costs faced by manufacturers and instead focuses the domestic approvals route (UKCA) on first-in-market innovative technologies, including AI as a medical device.  

    The MHRA has now published the government’s response to its public consultation on future routes to market for medical devices in Great Britain (GB), designed to modernise regulation and improve patient access to the latest innovative technologies.

    In direct response to stakeholder feedback, the MHRA is also announcing its intention to consult later this year on the indefinite recognition of CE-marked medical devices.

    In parallel, new international reliance routes will be introduced to allow swifter access to medical devices from trusted regulators in Australia, Canada, and the United States. This will allow eligible products to follow a streamlined pathway to market, helping bring the latest technologies to patients more quickly.

    The MHRA will support removing the requirement for physical UKCA markings on products and packaging once unique device identification (UDI) requirements are in place. This will reduce barriers to entry to the market while strengthening traceability and safety monitoring.

    These measures reflect the government’s commitments in the UK’s Life Sciences Sector Plan and Industrial Strategy, and the 10 Year Health Plan for England, to reduce unwarranted barriers to market entry and to deliver transformative technologies to patients faster.

    Today’s announcement forms part of our broader regulatory reform programme for medical devices that will see improvements in patient safety through our new post-market surveillance requirements, the creation of streamlined and risk-proportionate routes for faster market entry for products that have already undergone assessment in comparator regions, and a refocusing of the UKCA domestic pathway on innovative technologies including AI.

    Secretary of State for Health and Social Care, Wes Streeting MP, said:

    Our 10-Year Health Plan will seize the opportunities provided by new technology, medicines and innovation to deliver better care for patients, whether these originate at home or abroad.

    It makes perfect sense that medical devices approved for use on patients in a country whose safety regulations we trust can also be used here – without red tape or bureaucracy delaying devices which can benefit NHS patients now.

    We will look around the world to bring the best life-saving devices to Britain quickly and safely and build a modern health service that is fit for the future.

    Minister of State for Science, Lord Patrick Vallance MP, said:

    The MHRA’s new international reliance routes are excellent news for patients, who will now gain rapid access to new medical devices which have been approved as safe by our trusted regulatory partners. This is precisely the sort of streamlining of red tape that the Life Sciences Sector Plan calls for.

    By making quick, informed, sensible decisions enabled by international reliance, the MHRA will be able to better target its resources, focusing on regulatory activity and scientific advice that will advance the development of innovative new medical products – ultimately helping patients, and supporting med tech businesses to grow.

    Lawrence Tallon, MHRA CEO, said:

    Our focus is on ensuring that patients benefit from the earliest possible access to safe and effective medical technologies that meet their needs and deliver significant clinical benefit.

    By reducing regulatory duplication, improving traceability and aligning with international best practice, we are delivering on the Government’s promise to make this the best place in the world to market medical devices and a global leader in life sciences.

    Professor Tom Clutton-Brock, Professor of Anaesthesia & Intensive Care Medicine at the University of Birmingham and Chair of the Interim Devices Working Group (an expert advisory committee to the MHRA), said:

    The proposed changes to the regulations represent the most significant advances since their original introduction. When enacted, we will lead the world in streamlining medical device approvals.

    The rapid advances in medical and healthcare technology make balancing the need for innovation against both short-term and long-term safety a real challenge.  After the EU exit there was a clear need to update our regulations to keep pace with other countries. After extensive consultation, the MHRA has listened carefully and published its response.

    Simplification for low-risk devices and the carefully controlled reliance and recognition of regulatory approval from other countries will support safe innovation. This will benefit patients, clinicians and our MedTech and HealthTech industries.

    The MHRA intends to notify the World Trade Organization of these changes later this year and will continue engaging with international partners and industry to implement the reforms. 

    Summary of the consultation response:

    The MHRA’s 2024 public consultation on medical device regulation focused on the following areas: international reliance, UKCA marking, and the regulation of in vitro diagnostic (IVD) devices.

    Measures being taken forward include:

    • International reliance routes will allow certain devices that have approvals or certifications from trusted regulators in Australia (TGA), Canada (Health Canada), and the United States (FDA) to follow a streamlined pathway to the GB market. This includes specific software and implantable devices that meet GB equivalence criteria.

    • The government will consult later this year on proposals to indefinitely recognise CE marked medical devices, which continue to be recognised in GB under existing transitional arrangements until 30 June 2028 or 2030 (depending on the device classification and legislation complied with).

    • Physical UKCA marking requirements will be removed once Unique Device Identification (UDI) is in place. This aims to reduce burdens on manufacturers while improving traceability and post-market surveillance.

    • Class B IVD devices will be subject to a more risk proportionate approach, requiring manufacturers to self-declare conformity with the Medical Devices Regulations 2002 and hold ISO 13485 quality management system certification before placing products on the GB market.

    The response to a fourth proposal, to extend four pieces of assimilated EU law, was published in February 2025 and has subsequently been actioned.

    Notes to Editors

    • The consultation response is available here: https://www.gov.uk/government/consultations/consultation-on-medical-devices-regulations-routes-to-market-and-in-vitro-diagnostic-devices
    • The consultation, “Future regulation of medical devices and IVDs – routes to market”, ran from 30 November 2024 to 29 January 2025. It sought views on four legislative proposals to update the Medical Devices Regulations 2002 (as amended).
    • These reforms are part of a broader programme to modernise medical device regulation in Great Britain following the UK’s departure from the European Union. They align with the ambitions of the Government’s Life Sciences Sector Plan and 10-Year Plan for the NHS in England.
    • ISO 13485 is an internationally recognised standard that sets out requirements for a quality management system (QMS) specific to the medical device industry. It ensures that manufacturers demonstrate consistent design, development, production, and post-market support for medical devices.
    • The MHRA will publish further information in due course about the next steps, including updates on the planned Pre-Market Statutory Instrument and a future consultation on the indefinite recognition of CE-marked devices.
    • The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe. All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks.
    • The MHRA is an executive agency of the Department of Health and Social Care.

    For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651.

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    Published 22 July 2025

    MIL OSI United Kingdom –

    July 22, 2025

  • MIL-OSI Russia: Dmitry Grigorenko: Novosibirsk AI developments have potential for federal replication

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    During his working visit, Deputy Prime Minister – Chief of the Government Staff Dmitry Grigorenko got acquainted with the results of the implementation of artificial intelligence in various sectors of the economy, social life and public administration in the Novosibirsk Region. As the Deputy Prime Minister noted, local developments using artificial intelligence have a high potential for replication across the country.

    Dmitry Grigorenko visited the Research Center for Artificial Intelligence of the Novosibirsk National Research State University, as well as the technopark of the Novosibirsk Akademgorodok, where IT companies are working on the creation and implementation of promising AI solutions. The Deputy Prime Minister – Head of the Government Staff noted that Novosibirsk is one of the centers for the development of information technology and artificial intelligence.

    “Our goal is to develop high-quality AI solutions and implement them on a large scale. This is only possible if AI development brings tangible results and real benefits. Novosibirsk has created decent conditions for the development of artificial intelligence. It has a strong scientific base and a progressive startup community. Thanks to this, the development of artificial intelligence here is parallel to the implementation, and not in isolation from it. It is important that the region itself is interested in using its AI developments and implements them in local educational institutions, enterprises and even in the work of government agencies,” said Dmitry Grigorenko.

    One of the most important areas of implementation of artificial intelligence is public administration. In the Novosibirsk region, AI assistants are being implemented, which allow optimizing the work of civil servants. Thus, an AI expert in customer centricity helps process citizens’ requests and prepare the most understandable and clear answers, an AI assistant in the electronic document management system – quickly find the necessary information, and an AI stenographer – generate meeting minutes. Services have already begun to be implemented in the work of regional and municipal authorities.

    In addition, the region has implemented the Safe City video analytics system, which helps monitor public order and search for offenders. More than 2.6 thousand criminals were detained with the help of the system. Novosibirsk specialists also created and implemented an AI service for searching for missing children using city video cameras. In less than two months of the service’s operation, six children were found with its help.

    Since 2025, the Novosibirsk Region has been actively introducing AI technologies into healthcare: AI is used to interpret X-ray and CT scan data. Since the beginning of the year, the system has processed over 361 thousand images. AI is used as an assistant for analyzing medical data, but the final diagnosis remains with the specialist. In addition, Novosibirsk doctors use voice input technology based on a neural network. It reduces the likelihood of errors in medical documentation. Today, the technology has been implemented in 71 medical institutions in the region.

    “The use of artificial intelligence is justified for specific tasks. We try to monitor all developments, but when we approach the stage of large-scale implementation, we look at the expected result – improved quality of services, fundamentally new services for our citizens or a reduction in our labor costs. If we see successful developments, we try to quickly repeat them, but at the same time we can develop our own solutions. As examples, I can cite the analysis of X-ray and computed tomography data, the Safe City video analytics system. In the field of voice analytics and speech generation, this is the well-known robot Nikolai, a voice keyboard for doctors, intelligent assistants for civil servants. All these solutions both improve the quality of services for citizens and seriously reduce labor costs for our colleagues,” said Andrey Travnikov, Governor of the Novosibirsk Region.

    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 22, 2025

  • MIL-OSI: AIXA Miner Launches New Ethereum Cloud Mining Contracts Amid Renewed Market Focus on ETH

    Source: GlobeNewswire (MIL-OSI)

    Denver, Colorado, July 21, 2025 (GLOBE NEWSWIRE) —  AIXA Miner, a global leader in automated and sustainable crypto mining infrastructure, has officially launched its Ethereum (ETH) cloud mining offering, designed to meet the growing demand for intelligent, secure, and compliant participation in the Ethereum ecosystem. The launch comes as Ethereum garners fresh attention across global markets, following a combination of regulatory clarity, increased institutional capital flows, and renewed public interest in digital assets.

    As of mid-July 2025, the price of Ethereum has surged past $3,775, marking an increase of more than 15% in the last seven days. This latest rally has been driven by several key catalysts, including the passage of the GENIUS Stablecoin Act by the U.S. House of Representatives and continued inflows into Ethereum spot exchange-traded funds (ETFs). The convergence of legislative support and institutional adoption has sparked what many are calling a turning point in the maturity of Ethereum as a core blockchain infrastructure layer.

    “The renewed spotlight on Ethereum signals a shift toward broader acceptance and real-world integration,” said a spokesperson from AIXA Miner’s Blockchain Product Division. “With our new ETH cloud mining contracts, we aim to empower users to engage with this ecosystem in a scalable, automated, and environmentally responsible way—without the need to manage complex hardware or market risk.”

    AIXA Miner’s Ethereum cloud mining solution enables users to earn daily ETH income through a secure and seamless contract-based process. Participants simply select a preferred mining tier, fund their contract, and begin receiving daily rewards—all backed by AIXA Miner’s proprietary AI-optimized mining engine and green-powered global infrastructure.

    The new ETH mining plans were developed with flexibility and user experience at the core. Whether participants are newcomers exploring Ethereum for the first time or seasoned investors seeking consistent passive income, AIXA Miner offers plan durations and capital thresholds to suit diverse profiles. The system operates through real-time smart contracts that automate all aspects of the mining process—reward calculation, distribution, energy load balancing, and uptime management.

    Behind this offering is AIXA Miner’s commitment to clean energy and sustainability. All Ethereum mining contracts are powered by a distributed network of data centers running on renewable energy sources, including hydroelectric, solar, and wind. This infrastructure spans North America, Southeast Asia, and parts of South America—regions selected for their grid stability, low-emission potential, and compatibility with energy-efficient GPU hardware.

    In line with its green blockchain framework, AIXA Miner ensures that every ETH mining contract includes transparency tools, allowing users to view energy source metrics, regional energy efficiency data, and carbon offset details. These insights help participants engage with the platform in a way that aligns with both personal financial goals and global environmental standards.

    “Sustainability and transparency are more than just operational standards—they’re competitive advantages in today’s market,” the spokesperson added. “We are proud to bring an Ethereum mining experience that delivers on performance, compliance, and accountability.”

    AIXA Miner’s launch also coincides with the global celebration of “Cryptocurrency Week”, a coordinated industry effort to promote education, innovation, and participation in the digital asset space. With Ethereum playing a central role in DeFi, NFTs, and enterprise applications, cloud mining represents a valuable on-ramp for users looking to earn from the network without engaging in active trading.

    Unlike traditional Ethereum staking, which often requires minimum holding thresholds, locked capital, or technical validator setup, AIXA Miner’s solution provides an alternative model. Participants do not need to manage private keys or interact with smart contract code; instead, they benefit from a fully-managed, automated income stream through mining participation.

    The ETH cloud mining contracts are now live and available globally through AIXA Miner’s intuitive web and mobile platforms. Each contract includes a dedicated performance dashboard showing mining speed, reward accumulation, and environmental impact—all updated in real time.

    As institutional engagement grows and regulatory frameworks become clearer, AIXA Miner remains committed to building user-first solutions that reflect the evolving nature of blockchain participation. This latest ETH launch further reinforces the company’s mission to make sustainable, intelligent mining accessible to everyone, anywhere in the world.

    Media Contact:
    PR Division
    info@aixaminer.com
    https://aixaminer.com

    Disclaimer:
    This press release is for informational purposes only. Participation in cloud mining involves risk and should be based on independent research. AIXA Miner does not provide investment advice or guarantee specific financial outcomes.

    Attachment

    • AIXA Miner

    The MIL Network –

    July 22, 2025

  • MIL-OSI: JA Mining Launches Enhanced Cloud Miners Platform for Daily Earnings on XRP and BTC

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, July 21, 2025 (GLOBE NEWSWIRE) — JA Mining, a UK-registered cloud mining platform, has officially launched a new feature enabling users to earn daily returns through cloud miners based on major cryptocurrencies like XRP and Bitcoin. The upgrade reflects the company’s commitment to making digital asset participation simple, efficient, and globally accessible.

    With momentum shifting toward structured digital asset investments, platforms offering daily returns and price-based upside are gaining attention. Among them, JA Mining, a global cloud mining service provider, is emerging as a preferred choice for investors seeking stable, low-risk crypto income.

    JA Mining supports investments in major cryptocurrencies such as XRP, Bitcoin, Ethereum, and Dogecoin, while all contracts are denominated in USD for transparency and predictability. Users earn fixed daily returns based on the selected contract terms, and at the end of the term, they may benefit additionally if the value of their deposited assets appreciates.

    Mining Contract Examples (Updated July 2025)

    LTC Classic Miner – $200 | 2 Days | $7/day → Total: $14

    DOGE Innovative Miner – $2,420 | 3 Days | $86.88/day → Total: $260.63

    DOGE Quality Choice – $12,500 | 3 Days | $535/day → Total: $1,605

    BTC Intelligent Innovation – $55,600 | 2 Days | $4,770/day → Total: $9,540.96

    BTC Efficient & Excellent – $258,000 | 5 Days | $24,664.80/day → Total: $123,324

    For more plans, please visit the official website: https://jamining.com

    These earnings are automatically distributed on a daily basis via smart contract settlements. The system does not require hardware or technical skills from the user, making cloud mining with daily earnings accessible to a broader investor base.

    JA Mining has positioned itself at the intersection of compliance, automation, and accessibility. The platform operates internationally, integrating energy-efficient mining infrastructure and user-friendly dashboards that enable real-time earnings tracking. Investments can be made through web or mobile interfaces using XRP or other supported cryptocurrencies.

    “JA Mining’s model of combining fixed returns with potential asset appreciation aligns with the market’s growing preference for balanced and structured crypto exposure,” the company stated in an official release. “As institutional and retail interest in XRP and other digital assets grows, demand for simplified and transparent yield models will continue to rise.”

    JA Mining’s approach reflects a broader industry shift: away from high-volatility speculation, and toward regulated, algorithmic income strategies that prioritize user stability.

    Start now, no need to wait: click to download the APP and register to get $100 to start 0 cost mining

    Media Contact:

    JA Mining

    info@jamining.com

    www.jamining.com

    The MIL Network –

    July 22, 2025

  • MIL-OSI: JA Mining Launches Enhanced Cloud Miners Platform for Daily Earnings on XRP and BTC

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, July 21, 2025 (GLOBE NEWSWIRE) — JA Mining, a UK-registered cloud mining platform, has officially launched a new feature enabling users to earn daily returns through cloud miners based on major cryptocurrencies like XRP and Bitcoin. The upgrade reflects the company’s commitment to making digital asset participation simple, efficient, and globally accessible.

    With momentum shifting toward structured digital asset investments, platforms offering daily returns and price-based upside are gaining attention. Among them, JA Mining, a global cloud mining service provider, is emerging as a preferred choice for investors seeking stable, low-risk crypto income.

    JA Mining supports investments in major cryptocurrencies such as XRP, Bitcoin, Ethereum, and Dogecoin, while all contracts are denominated in USD for transparency and predictability. Users earn fixed daily returns based on the selected contract terms, and at the end of the term, they may benefit additionally if the value of their deposited assets appreciates.

    Mining Contract Examples (Updated July 2025)

    LTC Classic Miner – $200 | 2 Days | $7/day → Total: $14

    DOGE Innovative Miner – $2,420 | 3 Days | $86.88/day → Total: $260.63

    DOGE Quality Choice – $12,500 | 3 Days | $535/day → Total: $1,605

    BTC Intelligent Innovation – $55,600 | 2 Days | $4,770/day → Total: $9,540.96

    BTC Efficient & Excellent – $258,000 | 5 Days | $24,664.80/day → Total: $123,324

    For more plans, please visit the official website: https://jamining.com

    These earnings are automatically distributed on a daily basis via smart contract settlements. The system does not require hardware or technical skills from the user, making cloud mining with daily earnings accessible to a broader investor base.

    JA Mining has positioned itself at the intersection of compliance, automation, and accessibility. The platform operates internationally, integrating energy-efficient mining infrastructure and user-friendly dashboards that enable real-time earnings tracking. Investments can be made through web or mobile interfaces using XRP or other supported cryptocurrencies.

    “JA Mining’s model of combining fixed returns with potential asset appreciation aligns with the market’s growing preference for balanced and structured crypto exposure,” the company stated in an official release. “As institutional and retail interest in XRP and other digital assets grows, demand for simplified and transparent yield models will continue to rise.”

    JA Mining’s approach reflects a broader industry shift: away from high-volatility speculation, and toward regulated, algorithmic income strategies that prioritize user stability.

    Start now, no need to wait: click to download the APP and register to get $100 to start 0 cost mining

    Media Contact:

    JA Mining

    info@jamining.com

    www.jamining.com

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Benefits for Ripple users! RICH Miner automated mining allows you to earn money from XRP every day

    Source: GlobeNewswire (MIL-OSI)

    Chicago, Illinois, July 21, 2025 (GLOBE NEWSWIRE) — For users holding XRP (Ripple), assets are no longer just “static waiting”, but a value carrier that can bring real returns every day.

    RICH Miner’s newly launched XRP automated cloud mining service, just recharge XRP to the platform to start the smart mining process and achieve stable daily income. This innovative solution provides Ripple holders with a new passive income channel, easily starting the “lying down and making money” mode.

    Why choose XRP to participate in cloud mining?

    As a crypto asset that focuses on efficient payment and low handling fees, XRP is widely used in cross-border settlement and enterprise-level payment. Using XRP to participate in cloud mining is not only convenient and low-cost, but also highly liquid and suitable for flexible asset allocation.

    Through the RICH Miner platform, XRP users do not need to understand the complex mining principles or purchase any equipment. They only need to recharge XRP, which can be automatically converted into an equivalent amount of Bitcoin computing power to start their daily income journey.

    RICH Miner XRP automation core advantages:

    ▲  True automation: no operation required, the system manages the entire process

    Users only need to transfer XRP to the platform account and purchase contracts, without configuring parameters, selecting mining pools or managing equipment, truly achieving “recharge is mining”.

    ▲  Daily settlement, stable and transparent income

    The platform calculates the Bitcoin (BTC) income generated by the user’s corresponding computing power on a daily basis, supports BTC, USDT or XRP in multiple forms, with fast arrival and transparent process.

    ▲  Safe and compliant, users hold with confidence

    The platform adopts a cold and hot wallet separation management mechanism to ensure asset security. At the same time, RICH Miner has actively responded to compliance requirements in many places around the world, allowing users to participate with confidence and hold for a long time.

    Four steps to start passive income:

    1. Register an account and complete authentication

    Visit richminer.com or download the official APP, and you can get $15 computing power after registration.

    2. Top up XRP

    Get your personal XRP address in the “Dashboard”, transfer it to the XRP system for automatic review and distribution to your account.

    3. Select a mining contract:

    Browse different XRP mining plans (short-term/long-term/high-yield plans), choose and confirm the purchase according to your personal preferences.

    ☆ (New User Experience Contract) Investment amount: $100; Term: 2 days; Daily income: $3; Total income: $100.00 + $6.

    ☆ (Canaan Avalon A15XP) Investment amount: $600; Term: 8 days; Daily income: $7.20; Total income: $500.00 + $57.60.

    ☆ (Bitdeer SealMiner A2) Investment amount: $1,300; Term: 13 days; Daily income: $17.30; Total income: $1,300.00 + $221.39.

    ☆ (Bitmain Antminer L7) Investment amount: $3,000; Term: 17 days; Daily income: $42.30; Total income: $3,000.00 + $719.10.

    ☆ (Bitmain Antminer S21 Immersive) Investment amount: $5,600; Term: 24 days; Daily income: $84.00; Total income: $5,600.00 + $2,016.00.

    ☆ (Bitmain Antminer L9) Investment amount: $12,000; Term: 32 days; Daily income: $204.00; Total income: $12,000.00 + $6,528.00.

    → Click here to view more contracts

    4. Enjoy daily benefits:

    After purchasing the contract, the system automatically calculates and distributes mining benefits every day, which can be withdrawn or reinvested at any time for continuous appreciation.

    Conclusion:

    RICH Miner’s XRP automatic mining not only lowers the participation threshold, but also greatly releases the liquidity and application potential of XRP. For crypto investors who pursue stable and intelligent returns, this is undoubtedly a real benefit.

    Join RICH Miner now, let your XRP quietly make money for you every day, and realize the continuous appreciation and long-term value release of assets!

    Official website: https://richminer.com

    APP download: Support iOS / Android

    Customer service email: info@richminer.com

    New user benefits: Register to enjoy $15 experience reward

    Attachment

    • RICH Miner

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Benefits for Ripple users! RICH Miner automated mining allows you to earn money from XRP every day

    Source: GlobeNewswire (MIL-OSI)

    Chicago, Illinois, July 21, 2025 (GLOBE NEWSWIRE) — For users holding XRP (Ripple), assets are no longer just “static waiting”, but a value carrier that can bring real returns every day.

    RICH Miner’s newly launched XRP automated cloud mining service, just recharge XRP to the platform to start the smart mining process and achieve stable daily income. This innovative solution provides Ripple holders with a new passive income channel, easily starting the “lying down and making money” mode.

    Why choose XRP to participate in cloud mining?

    As a crypto asset that focuses on efficient payment and low handling fees, XRP is widely used in cross-border settlement and enterprise-level payment. Using XRP to participate in cloud mining is not only convenient and low-cost, but also highly liquid and suitable for flexible asset allocation.

    Through the RICH Miner platform, XRP users do not need to understand the complex mining principles or purchase any equipment. They only need to recharge XRP, which can be automatically converted into an equivalent amount of Bitcoin computing power to start their daily income journey.

    RICH Miner XRP automation core advantages:

    ▲  True automation: no operation required, the system manages the entire process

    Users only need to transfer XRP to the platform account and purchase contracts, without configuring parameters, selecting mining pools or managing equipment, truly achieving “recharge is mining”.

    ▲  Daily settlement, stable and transparent income

    The platform calculates the Bitcoin (BTC) income generated by the user’s corresponding computing power on a daily basis, supports BTC, USDT or XRP in multiple forms, with fast arrival and transparent process.

    ▲  Safe and compliant, users hold with confidence

    The platform adopts a cold and hot wallet separation management mechanism to ensure asset security. At the same time, RICH Miner has actively responded to compliance requirements in many places around the world, allowing users to participate with confidence and hold for a long time.

    Four steps to start passive income:

    1. Register an account and complete authentication

    Visit richminer.com or download the official APP, and you can get $15 computing power after registration.

    2. Top up XRP

    Get your personal XRP address in the “Dashboard”, transfer it to the XRP system for automatic review and distribution to your account.

    3. Select a mining contract:

    Browse different XRP mining plans (short-term/long-term/high-yield plans), choose and confirm the purchase according to your personal preferences.

    ☆ (New User Experience Contract) Investment amount: $100; Term: 2 days; Daily income: $3; Total income: $100.00 + $6.

    ☆ (Canaan Avalon A15XP) Investment amount: $600; Term: 8 days; Daily income: $7.20; Total income: $500.00 + $57.60.

    ☆ (Bitdeer SealMiner A2) Investment amount: $1,300; Term: 13 days; Daily income: $17.30; Total income: $1,300.00 + $221.39.

    ☆ (Bitmain Antminer L7) Investment amount: $3,000; Term: 17 days; Daily income: $42.30; Total income: $3,000.00 + $719.10.

    ☆ (Bitmain Antminer S21 Immersive) Investment amount: $5,600; Term: 24 days; Daily income: $84.00; Total income: $5,600.00 + $2,016.00.

    ☆ (Bitmain Antminer L9) Investment amount: $12,000; Term: 32 days; Daily income: $204.00; Total income: $12,000.00 + $6,528.00.

    → Click here to view more contracts

    4. Enjoy daily benefits:

    After purchasing the contract, the system automatically calculates and distributes mining benefits every day, which can be withdrawn or reinvested at any time for continuous appreciation.

    Conclusion:

    RICH Miner’s XRP automatic mining not only lowers the participation threshold, but also greatly releases the liquidity and application potential of XRP. For crypto investors who pursue stable and intelligent returns, this is undoubtedly a real benefit.

    Join RICH Miner now, let your XRP quietly make money for you every day, and realize the continuous appreciation and long-term value release of assets!

    Official website: https://richminer.com

    APP download: Support iOS / Android

    Customer service email: info@richminer.com

    New user benefits: Register to enjoy $15 experience reward

    Attachment

    • RICH Miner

    The MIL Network –

    July 22, 2025

  • MIL-OSI: InvroMining Makes Cloud Mining Easier Than Ever with Android App on GooglePlay

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 21, 2025 (GLOBE NEWSWIRE) — Cloud mining platform InvroMining today announced the launch of its mobile app on GooglePlay (click here to download), a move that demonstrates the growing consumer demand for simplified digital asset solutions. The app brings InvroMining’s smart cloud mining service to millions of Android users in 175 countries.

     The release is a significant move for the UK-based company, which since its inception in 2016 has steadily built a user base of over 9.4 million. The new app offers individuals a simplified way to earn daily cryptocurrency rewards through AI-optimised mining contracts – without having to purchase or maintain any physical mining hardware.
     “We have always believed that cloud mining should be simple, transparent and available to everyone,” said a company spokesperson. “This app provides a complete mining dashboard for our users.”

     Lowering the barrier to entry

     New users who download the InvroMining app will receive a 15$ experience bonus to start profiting immediately without any upfront investment. Users can rent arithmetic power linked to cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and more within the app. Daily mining profits will be deposited directly into user accounts.
     With a real-time earnings tracker, in-app reinvestment tools, and a built-in referral bonus of up to 3% for direct invites, the platform is positioning itself as the go-to solution for passive income seekers in the crypto space.

     Bitcoin Momentum Drives Demand

     The launch of the app comes at a time of renewed investor interest in digital assets. Bitcoin’s recent surge to over 118,000$ has triggered a new wave of capital pouring into mining services. Platforms like InvroMining, which give users easy and convenient access to mining power, are seeing exponential growth in daily signups.

     A Broader Vision of Decentralised Revenue

     InvroMining’s infrastructure includes 135 mining farms powered entirely by renewable energy. Its long-term strategy includes expanding sustainable mining services to communities that lack access to financial services and providing stable returns in volatile markets.
     The company’s team emphasises that the mobile experience is designed for everyday users – from novices to seasoned holders looking for diversification beyond simply holding coins.

     How to get started

     The InvroMining app is now available for free on GooglePlay.
    For more information or to claim your 15$ experience, visit: www.invromining.com to download!

     Media Contacts:
    info@invromining.com
     Official Website: invromining.com

    Attachment

    • InvroMining

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Ripplecoin Mining launches XRP cloud mining contracts to help investors lock in daily crypto yields

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, California , July 21, 2025 (GLOBE NEWSWIRE) — As XRP breaks through $3.55, setting a new record high, Ripplecoin Mining announced the launch of a new XRP cloud mining service to provide cryptocurrency investors with a stable daily income channel. Users can directly start cloud mining contracts using mainstream currencies such as XRP and BTC, opening a truly “zero threshold, intelligent” asset appreciation model.

    XRP hits a new high, and the crypto market ushers in a new trend in asset allocation

    XRP rose by more than 36% in the past week, exceeding the increase in Bitcoin in the same period, becoming the leading asset in the rebound of altcoins. Analysts believe that the signing of the GENIUS Act, the settlement between Ripple and the SEC, and the expansion of the RLUSD stablecoin are the three core driving forces for XRP’s rise. As the market enters a new cycle where compliance and infrastructure are equally important, the strategy of “holding coins + passive income” has become the new normal for investors.

    Ripplecoin Mining: Converting XRP into daily cash flow

    Ripplecoin Mining is a technology platform focusing on “light mode mining” and is committed to turning idle digital assets into daily cash flow income. Its newly released XRP cloud mining service breaks the dependence of traditional mining on hardware, electricity and technology, allowing ordinary users to participate in mining at a low cost.

    Platform highlights:

    AI computing power scheduling: the system automatically selects the world’s best computing power node
    Mining on mobile: supports iOS and Android, easy to operate
    Daily income: automatic settlement, stable and visible income
    Green data center: 120+ green mines deployed globally
    Safety guarantee: multiple protection technologies to ensure the safety of user assets

    Quickly participate in cloud mining: start daily income in three steps

    Register an account: Click here to visit the official website to register and enjoy $15 free computing power experience

    Recharge XRP/BTC: Use your XRP or BTC to recharge your member account and start the contract

    Select a contract and start: A variety of contracts automatically settle income every day, no maintenance required
    The following contract explains the potential income you can get

    Contract Price Contract Duration Daily Earnings Total Revenue
    $100 2Days $5 $100 + $10
    $500 5Days $6 $500 + $30
    $1,300 9Days $16 $1,300 + $158
    $3,000 14Days $42 $3,000 + $588
    $7,800 21Days $117 $7,800 + $2,457
    $23,000 29Days $396 $23,000 + $11,472

    User feedback: Real praise, word-of-mouth communication

    “In the past, XRP could only wait for price increases, but now the income is automatically credited every day, and I feel that my assets are “working.”
    –Swiss user Daniel L.
    “I don’t understand technology, but this platform is as simple as using Alipay.”
    –Japanese user Miko T.

    About Ripplecoin Mining

    Founded in 2017 and headquartered in the UK, Ripplecoin Mining is the world’s leading AI-driven compliant cloud mining platform. The platform supports mainstream currencies including XRP, BTC, ETH, DOGE, SOL, etc., and combines green energy data centers with intelligent computing power scheduling algorithms to provide efficient, safe and sustainable mining services to more than 9.5 million users worldwide. Ripplecoin Mining is committed to lowering the threshold for mining, so that every crypto investor can easily realize the automatic appreciation of assets.

    Official website address: https://ripplecoinmining.com

    App download: https://ripplecoinmining.com/xml/index.html#/app

    Media contact: info@ripplecoinmining.com

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Ripplecoin Mining launches XRP cloud mining contracts to help investors lock in daily crypto yields

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, California , July 21, 2025 (GLOBE NEWSWIRE) — As XRP breaks through $3.55, setting a new record high, Ripplecoin Mining announced the launch of a new XRP cloud mining service to provide cryptocurrency investors with a stable daily income channel. Users can directly start cloud mining contracts using mainstream currencies such as XRP and BTC, opening a truly “zero threshold, intelligent” asset appreciation model.

    XRP hits a new high, and the crypto market ushers in a new trend in asset allocation

    XRP rose by more than 36% in the past week, exceeding the increase in Bitcoin in the same period, becoming the leading asset in the rebound of altcoins. Analysts believe that the signing of the GENIUS Act, the settlement between Ripple and the SEC, and the expansion of the RLUSD stablecoin are the three core driving forces for XRP’s rise. As the market enters a new cycle where compliance and infrastructure are equally important, the strategy of “holding coins + passive income” has become the new normal for investors.

    Ripplecoin Mining: Converting XRP into daily cash flow

    Ripplecoin Mining is a technology platform focusing on “light mode mining” and is committed to turning idle digital assets into daily cash flow income. Its newly released XRP cloud mining service breaks the dependence of traditional mining on hardware, electricity and technology, allowing ordinary users to participate in mining at a low cost.

    Platform highlights:

    AI computing power scheduling: the system automatically selects the world’s best computing power node
    Mining on mobile: supports iOS and Android, easy to operate
    Daily income: automatic settlement, stable and visible income
    Green data center: 120+ green mines deployed globally
    Safety guarantee: multiple protection technologies to ensure the safety of user assets

    Quickly participate in cloud mining: start daily income in three steps

    Register an account: Click here to visit the official website to register and enjoy $15 free computing power experience

    Recharge XRP/BTC: Use your XRP or BTC to recharge your member account and start the contract

    Select a contract and start: A variety of contracts automatically settle income every day, no maintenance required
    The following contract explains the potential income you can get

    Contract Price Contract Duration Daily Earnings Total Revenue
    $100 2Days $5 $100 + $10
    $500 5Days $6 $500 + $30
    $1,300 9Days $16 $1,300 + $158
    $3,000 14Days $42 $3,000 + $588
    $7,800 21Days $117 $7,800 + $2,457
    $23,000 29Days $396 $23,000 + $11,472

    User feedback: Real praise, word-of-mouth communication

    “In the past, XRP could only wait for price increases, but now the income is automatically credited every day, and I feel that my assets are “working.”
    –Swiss user Daniel L.
    “I don’t understand technology, but this platform is as simple as using Alipay.”
    –Japanese user Miko T.

    About Ripplecoin Mining

    Founded in 2017 and headquartered in the UK, Ripplecoin Mining is the world’s leading AI-driven compliant cloud mining platform. The platform supports mainstream currencies including XRP, BTC, ETH, DOGE, SOL, etc., and combines green energy data centers with intelligent computing power scheduling algorithms to provide efficient, safe and sustainable mining services to more than 9.5 million users worldwide. Ripplecoin Mining is committed to lowering the threshold for mining, so that every crypto investor can easily realize the automatic appreciation of assets.

    Official website address: https://ripplecoinmining.com

    App download: https://ripplecoinmining.com/xml/index.html#/app

    Media contact: info@ripplecoinmining.com

    The MIL Network –

    July 22, 2025

  • MIL-OSI: XRP Breaks $10 Milestone by end of the year, GoldenMining Launches High-Yield Contract With $8700 Daily Returns

    Source: GlobeNewswire (MIL-OSI)

    New York, US, July 22, 2025 (GLOBE NEWSWIRE) — As XRP surges past $3.50 and eyes the $10 milestone by year-end, GoldenMining officially announces the launch of its XRP Cloud Mining Contracts, offering investors a new way to earn stable daily income amid a rapidly changing market.

    Most investors just hold ETH, BTC or XRP, hoping that the price will rise-while dealing with market volatility and uncertain regulation. But the real question is whether to continue holding, reduce positions, or find a better and more balanced strategy? GoldenMining provides another solution

    At GoldenMining, users can turn assets into a continuous source of income by signing XRP cloud mining contracts. There is no need to configure any hardware, and there is no need to worry about price fluctuations during transactions. As long as you participate in the contract, you can get a stable daily income as the value of XRP rises.

    How to participate in the XRP contract

    The XRP cloud mining contract allows users to directly purchase cloud mining services with XRP, without having to purchase mining machines or deal with maintenance issues. After signing the contract, the GoldenMining platform will run the mining business on behalf of users, and users will automatically receive income on a daily basis. This means that you can easily participate and enjoy the benefits of mining without complicated operations or knowledge thresholds.

    XRP Contract Recommendations

    contract Investment Amount Contract Rewards Total income
    VOLCMINER D1 Lite $15 $0.6 $15.6
    Elphapex DG1+ $100 $3 $106
    Bitmain S23 Hyd $500 $32.5 $532.5
    AntminerL916GH $1000   $135 $1135
    L917GH $3000  $621 $3621
    ElphaPex DG Hydro1 $5000 $1400 $6400
    Elphapex DG2 – 25-Day  $8000 $2900 $10900
    Elphapex DG2+ – 30-Day $15000 $6750 $21750

    How to participate in XRP cloud mining contracts

    1. Register an account and get a $15 reward immediately without paying any fees. This reward can be used to test run XRP cloud mining contracts to help users quickly understand the platform operation and profit model

    2. Choose a contract that suits you

    Users can recharge XRP to the platform account through the wallet. The system supports a variety of mainstream cryptocurrencies: Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), SOL, Ripple (XRP), US Dollar (USDC), etc. Subsequently, users can choose the XRP contract that suits their needs (such as 2 days, 5 days, 12 days or longer periods), and the amount and term can be flexibly selected.

    3. After the contract is activated, the system will automatically settle the mining income into the account every day, without manual operation by the user, and the income can be generated within 24 hours and can be withdrawn or reinvested at any time.

    4. All contracts are fully managed by GoldenMining’s professional operation team. No hardware setup, electricity management or technical maintenance is required. SSL encryption, AIG-backed investment insurance, and fund custody by top financial institutions ensure the safety of user funds

    Although XRP is not a mineable asset, through the contract income mechanism, GoldenMining effectively simulates the process of obtaining digital asset income and provides investors with a stable and transparent way to participate. Against the backdrop of the continued strength of XRP prices, such contract products not only reduce the uncertainty caused by currency fluctuations, but also open up another stable income path for investors in addition to buying and selling transactions. With the continuous increase in market demand for stable income, such contract products are expected to become a new direction for digital asset allocation.

    For more information, please visit the official website: www.Goldenmining.com
    For business cooperation, please contact the official email: For more information, please visit the official website: info@Goldenmining.com

    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.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: XRP Breaks $10 Milestone by end of the year, GoldenMining Launches High-Yield Contract With $8700 Daily Returns

    Source: GlobeNewswire (MIL-OSI)

    New York, US, July 22, 2025 (GLOBE NEWSWIRE) — As XRP surges past $3.50 and eyes the $10 milestone by year-end, GoldenMining officially announces the launch of its XRP Cloud Mining Contracts, offering investors a new way to earn stable daily income amid a rapidly changing market.

    Most investors just hold ETH, BTC or XRP, hoping that the price will rise-while dealing with market volatility and uncertain regulation. But the real question is whether to continue holding, reduce positions, or find a better and more balanced strategy? GoldenMining provides another solution

    At GoldenMining, users can turn assets into a continuous source of income by signing XRP cloud mining contracts. There is no need to configure any hardware, and there is no need to worry about price fluctuations during transactions. As long as you participate in the contract, you can get a stable daily income as the value of XRP rises.

    How to participate in the XRP contract

    The XRP cloud mining contract allows users to directly purchase cloud mining services with XRP, without having to purchase mining machines or deal with maintenance issues. After signing the contract, the GoldenMining platform will run the mining business on behalf of users, and users will automatically receive income on a daily basis. This means that you can easily participate and enjoy the benefits of mining without complicated operations or knowledge thresholds.

    XRP Contract Recommendations

    contract Investment Amount Contract Rewards Total income
    VOLCMINER D1 Lite $15 $0.6 $15.6
    Elphapex DG1+ $100 $3 $106
    Bitmain S23 Hyd $500 $32.5 $532.5
    AntminerL916GH $1000   $135 $1135
    L917GH $3000  $621 $3621
    ElphaPex DG Hydro1 $5000 $1400 $6400
    Elphapex DG2 – 25-Day  $8000 $2900 $10900
    Elphapex DG2+ – 30-Day $15000 $6750 $21750

    How to participate in XRP cloud mining contracts

    1. Register an account and get a $15 reward immediately without paying any fees. This reward can be used to test run XRP cloud mining contracts to help users quickly understand the platform operation and profit model

    2. Choose a contract that suits you

    Users can recharge XRP to the platform account through the wallet. The system supports a variety of mainstream cryptocurrencies: Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), SOL, Ripple (XRP), US Dollar (USDC), etc. Subsequently, users can choose the XRP contract that suits their needs (such as 2 days, 5 days, 12 days or longer periods), and the amount and term can be flexibly selected.

    3. After the contract is activated, the system will automatically settle the mining income into the account every day, without manual operation by the user, and the income can be generated within 24 hours and can be withdrawn or reinvested at any time.

    4. All contracts are fully managed by GoldenMining’s professional operation team. No hardware setup, electricity management or technical maintenance is required. SSL encryption, AIG-backed investment insurance, and fund custody by top financial institutions ensure the safety of user funds

    Although XRP is not a mineable asset, through the contract income mechanism, GoldenMining effectively simulates the process of obtaining digital asset income and provides investors with a stable and transparent way to participate. Against the backdrop of the continued strength of XRP prices, such contract products not only reduce the uncertainty caused by currency fluctuations, but also open up another stable income path for investors in addition to buying and selling transactions. With the continuous increase in market demand for stable income, such contract products are expected to become a new direction for digital asset allocation.

    For more information, please visit the official website: www.Goldenmining.com
    For business cooperation, please contact the official email: For more information, please visit the official website: info@Goldenmining.com

    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.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Topnotch Crypto releases AI Mining V3.0.3 cloud mining upgrade, becoming the wealth engine for 8 million users

    Source: GlobeNewswire (MIL-OSI)

    Houston, Texas, July 22, 2025 (GLOBE NEWSWIRE) — Topnotch Crypto, a growing force in the blockchain and Web3 space, has officially announced the successful rollout of its latest platform enhancement — AI Mining V3.0.3. With this powerful upgrade, the platform is now offering free cloud mining access for Bitcoin (BTC) and Dogecoin (DOGE), exclusively available at Topnotch Crypto. Users can instantly unlock $15 worth of cloud mining by completing a simple registration process.

    This update marks a major step in Topnotch Crypto’s vision to make crypto mining intelligent, accessible, and open to the global public — no equipment, no hidden fees, and no prior experience required.

    AI Mining V3.0.3: A Smarter, Faster Way to Mine Crypto

    AI Mining V3.0.3 brings a complete overhaul of the backend infrastructure, introducing machine learning-powered optimization to the mining experience. Through adaptive resource allocation and real-time data analysis, the system maximizes output while minimizing energy usage — delivering a more stable and intelligent cloud mining environment.

    Key benefits of the V3.0.3 upgrade include:

    • Enhanced mining speed with updated hashing algorithms
    • Real-time server load balancing for continuous uptime
    • Dual coin mining support (Bitcoin and Dogecoin)
    • Smart energy management for sustainable operation
    • Streamlined user dashboard with instant performance metrics

    Unlike traditional mining setups that demand hardware, electricity, and maintenance, Topnotch Crypto’s AI-powered cloud mining removes the barriers — offering mining from any device, anywhere in the world.

    Sign up for an account and get $15 to experience Bitcoin mining

    Step 1: Go to https://topnotchcrypto.com
    Step 2: Click “Register” – Use your email address quickly!
    Step 3: Log in to your new account.
    Step 4:Get $15 and mine Bitcoin for free.
    Step 5: Start earning crypto rewards in real-time!

    No setup required. No strings attached!

    Mining Without Limits: No Hardware, No Costs, No Technical Setup

    Topnotch Crypto has designed this system with simplicity in mind. All mining operations take place securely in the cloud, managed by advanced AI technology. Users don’t need to install software, configure wallets, or invest in expensive rigs.

    Everything is automated. Once your account is active, mining starts immediately — and you can monitor your BTC and DOGE rewards through a clean, user-friendly dashboard.

    Benefits include:

    • No upfront investment required
    • No equipment or software downloads
    • 100% web-based dashboard
    • Daily rewards and real-time insights
    • Fully scalable architecture

    Whether you’re mining on your laptop, tablet, or mobile, Topnotch Crypto delivers a seamless experience.

    Data Privacy, Security & Transparency at the Core

    Security is fundamental to the Topnotch Crypto platform. All mining activity is secured through advanced encryption and privacy protocols. Real-time stats, payout history, and mining logs are available for full transparency. Users retain control of their accounts and can withdraw rewards as they grow over time.

    The AI Mining engine also ensures fair distribution of mining power, with continuous monitoring for misuse or bot activity. The system auto-adjusts for user performance, ensuring fair and equitable participation.

    Why Topnotch Crypto is Reshaping the Future of Cloud Mining

    As the mining industry evolves, the focus is shifting toward sustainability, intelligence, and ease of access. Topnotch Crypto has positioned itself ahead of the curve by offering a next-gen mining solution that leverages artificial intelligence to remove the friction from mining.

    Rather than targeting technical users or high-investment miners, the platform empowers everyone to start mining from anywhere in the world.

    This is not just a feature update — it’s the foundation for the future of Web3 mining. Topnotch Crypto is building the infrastructure for a more inclusive, intelligent, and efficient digital asset ecosystem.

    Get Started in Minutes — Visit Topnotch Crypto

    The AI Mining V3.0.3 upgrade is now live and open to all users. Anyone can sign up with Topnotch Crypto and start mining immediately, with no mining equipment or technical knowledge required, making it an ideal choice for exploring the world of cryptocurrency mining safely and securely.

    Start your journey now at: https://topnotchcrypto.com

    Media Contact Email: info@topnotchcrypto.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    July 22, 2025

  • MIL-OSI NGOs: MEDIA + TALENT ALERT: The 30th session of the International Seabed Authority Assembly starts

    Source: Greenpeace Statement –

    TUESDAY 22 JULY — The future of deep sea mining will be a focus for world leaders this week as the International Seabed Authority (ISA) Assembly kicked in Kingston, Jamaica overnight (11pm AEST). Delegates, including from the Pacific and Australia, will discuss deep sea mining for the first time since The Metals Company (TMC) submitted the first-ever application to commercially mine the international seabed.

    During the Council meeting which ended overnight, governments responded to the application by launching an investigation into whether mining contractors, including TMC’s subsidiaries Nauru Ocean Resources Inc. (NORI) and Tonga Offshore Mining Limited (TOML), are complying with contractual obligations to act in accordance with the international legal framework. The Council has ended with a clear signal that this industry will not get international approval anytime soon. 

    Rae Bainteiti, Pacific Political Coordinator at Greenpeace Australia Pacific © Greenpeace / Bianca Vitale

    Rae Bainteiti, Pacific Political Coordinator at Greenpeace Australia Pacific, said from the ISA in Kingston: 

    “Despite industry pressure reaching fever pitch, governments have sent a clear signal that the deep sea mining industry will not get international approval any time soon.

    “As more delegations arrive to attend the ISA Assembly meeting, they’ll be met by a rising tide of voices — from scientists, Pacific communities, businesses, and concerned citizens — all saying the same thing: deep sea mining is a dangerous gamble we cannot afford. For generations, Indigenous knowledge has taught us that the ocean is not just a resource—it is a sacred, living system central to Pacific identity and survival. We have always known that disturbing the seabed threatens the balance of life in ways science is only beginning to understand. The only responsible way forward at the ISA is a global moratorium.”

    — ENDS —

    Contacts:
    Greenpeace Australia Pacific: Kimberley Bernard on [email protected] or +61 407 581 404
    Greenpeace International: Sol Gosetti on [email protected] or +34664029407 (WhatsApp)

    Images can be found here

    TALENT AVAILABLE

    Greenpeace spokespeople and Pacific allies are available in Kingston and across the Pacific region on topics including:

    • The threats deep sea mining poses to Pacific people, heritage and culture
    • The dangers of a rushed mining code and the importance of decision-making being centred around Indigenous and Pacific voices
    • Deep sea mining across the Pacific, various viewpoints, history and local civil society momentum to stop deep sea mining
    • High-level analysis and reactions to announcements and developments
    • Calls for Australia and Pacific governments

    IN KINGSTON (GMT-5):

    Raeed Ali, Pacific Community Mobiliser at Greenpeace Australia Pacific

    Location: Kingston, Jamaica

    From: Fiji

    Rae Bainteiti, Pacific Political Coordinator at Greenpeace Australia Pacific

    Location: Kingston, Jamaica

    From: Kiribati

    Alanna Matamaru Smith, Director of Te Ipukarea Society

    Location: Kingston, Jamaica

    From: Rarotonga, Cook Islands

    Millicent Barty, Founder of Kastom Keepers

    Location: Kingston, Jamaica

    From: Solomon Islands

    Louisa Casson, campaigner at Greenpeace International

    Location: Kingston, Jamaica

    From: London, UK

    IN THE PACIFIC REGION:

    Glenn Walker, Head of Nature at Greenpeace Australia Pacific (GMT+10)

    Location: Sydney, Australia

    Juressa Lee, Campaigner at Greenpeace Aotearoa (GMT+12)

    Location: Auckland, Aotearoa-New Zealand

    MIL OSI NGO –

    July 22, 2025

  • MIL-OSI: reAlpha Tech Corp. Announces $5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, July 21, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), an AI-powered real estate technology company, today announced that it has entered into definitive agreements for the purchase and sale of 14,285,718 shares of its common stock at a purchase price of $0.35 per share in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company will issue unregistered warrants to purchase up to 14,285,718 shares of common stock at an exercise price of $0.35 per share that will be exercisable upon issuance and will expire five years from the effective date of the registration statement covering the resale of the shares of common stock issuable upon exercise of the unregistered warrants. The closing of the offering is expected to occur on or about July 22, 2025, subject to the satisfaction of customary closing conditions.

    H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

    The gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses payable by the Company, are expected to be approximately $5 million. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes, which could include repayment of debt, future acquisitions, capital expenditures and the purchase of cryptocurrencies in accordance with the Company’s cryptocurrency investment policy.

    The common stock (but not the unregistered warrants and the shares of common stock underlying the unregistered warrants) described above are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-283284) that was declared effective by the Securities and Exchange Commission (the “SEC”) on November 26, 2024. The offering of the shares of common stock is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, New York 10022, by phone at (212) 856-5711 or e-mail at placements@hcwco.com.

    The unregistered warrants described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying such unregistered warrants, have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the unregistered warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company transforming the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements

    The information in this press release includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements as to the completion of the offering, the satisfaction of customary closing conditions related to the offering and the intended use of net proceeds from the offering, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to regain and sustain compliance with the Nasdaq Capital Market’s continued listing standards and remain listed on the Nasdaq Capital Market; reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Media Contact:
    Cristol Rippe, Chief Marketing Officer
    cristol@realpha.com

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Fortinet Honors the Life and Contributions of Valued Board Member William H. Neukom

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., July 21, 2025 (GLOBE NEWSWIRE) — Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the passing of William H. “Bill” Neukom, a distinguished member of Fortinet’s Board of Directors since 2013. During his tenure, Bill provided unwavering leadership, thoughtful guidance, and mentorship that anchored the company through years of significant growth.

    The Fortinet Board of Directors issues the following statement: “We are profoundly saddened by the passing of Bill Neukom. His contributions to Fortinet and to the technology industry are immeasurable, and he will be deeply missed as a friend and colleague across our entire organization. Bill embodied a combination of vision, intellect, and warmth. He brought extraordinary insight and dedication to every discussion, always rooted in integrity, accountability, and a deep commitment to people and purpose. We extend our heartfelt condolences to Bill’s family, friends, and all those fortunate enough to have worked alongside him. He will be dearly missed and always remembered.” 

    Bill’s legacy extends far beyond Fortinet’s boardroom, bringing a lifetime of experience, including from his time at Microsoft, where he served as the company’s first general counsel, and as founder and CEO of the World Justice Project, a global nonprofit devoted to promoting the rule of law. His lifelong work elevated the importance of corporate responsibility, customer trust, and technology’s role in society. His leadership, character, and contributions will remain a lasting part of Fortinet’s legacy.

    About Fortinet (www.fortinet.com)
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (CERTS), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAgent, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiEndpoint FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: TWFG Insurance to release its second quarter financial results on August 12th, 2025

    Source: GlobeNewswire (MIL-OSI)

    THE WOODLANDS, Texas, July 21, 2025 (GLOBE NEWSWIRE) — TWFG, Inc. (NASDAQ: TWFG), a leading independent insurance distribution platform, announced today that it will release its financial results for the second quarter ended June 30, 2025, after the market closes on Tuesday, August 12, 2025.

    The Company will host a conference call to discuss its financial results the following morning, Wednesday, August 13, 2025, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).

    TO ACCESS THE CALL BY PHONE, PARTICIPANTS CAN REGISTER AT THIS LINK WHERE THEY WILL BE PROVIDED WITH THE DIAL IN DETAILS.

    A live webcast of the call will be available on TWFG’s Investor Relations website at investors.twfg.com. Interested parties are encouraged to register and access the webcast at least 10 minutes prior to the scheduled start time.

    A replay of the webcast will be available on the Investor Relations website for a limited time following the call.

    About TWFG

    TWFG, Inc. (NASDAQ: TWFG) is a leading insurance distribution platform providing innovative and personalized insurance solutions to individuals and businesses across the United States. Founded with a commitment to service, professionalism, and entrepreneurial spirit, TWFG empowers its extensive network of agents to deliver client-focused insurance options across a broad array of personal and commercial lines. For more information, please visit www.twfg.com.

    Investor Contact:

    Gene Padgett
    TWFG, Inc. – Chief Accounting Officer
    Email: gene.padgett@twfg.com

    PR Contact:
    Alex Bunch
    TWFG, Inc. – CMO
    E-mail: alex@twfg.com

    The MIL Network –

    July 22, 2025

  • MIL-OSI USA: Welch Visits Hardwick, Burke to Discuss Flood Recovery and FEMA Reform 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    BURKE, VT—U.S. Senator Peter Welch (D-Vt.) today met with flood-impacted Vermonters and community leaders in northern Vermont. Senator Welch also held a Listening Session in Hardwick last week.  
    “Hardwick and Burke know all too well—climate change is here, and we need to empower small towns with the tools and resources they need to recover. My new bill, the Disaster AID Act, will help cut through red tape and improve the disaster recovery process,” said Senator Welch. “The input I received from Vermont communities about their experience with FEMA shaped this bill, and am committed to making Washington work better for Vermont.”  
    View photos here and on Senator Welch’s website:  

    Senator Welch hosts a Listening Session in Hardwick on Monday, July 14 

     Senator Welch hosts a Listening Session in Burke on Monday, July 21 
    West Burke, as well as Sutton and Lyndon, were hit by more flash flooding in 2025 on the anniversary of the 2023 and 2024 floods. Senator Welch’s visits to Hardwick and Burke follow visits to flood-impacted communities across Vermont, including Killington, Ludlow, Weston, Barre, and Montpelier.  
    This month, Senator Welch introduced the Disaster Assistance Improvement and Decentralization (AID) Act. Senator Welch’s bill will cut red tape and empower state and local governments to access recovery assistance when it is needed. The bill will support hazard mitigation efforts, make the delivery of disaster aid more efficient and effective, provide technical assistance to small towns and communities impacted by natural disasters, and block the White House from withholding funding for disaster response. 
    Last week, Senator Welch called for the resignation of U.S. Department of Homeland Security Secretary Kristi Noem, citing Secretary Noem’s mishandling of FEMA and record of undermining FEMA’s work, as well as her handling of President Trump’s cruel and illegal mass deportation campaign. 

    MIL OSI USA News –

    July 22, 2025

  • MIL-OSI: Draganfly Announces Closing of US$25.0 Million Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    Saskatoon, SK., July 21, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions, software, and robotics, today announced the closing of its previously announced registered direct offering of 4,672,895 units of the Company (the “Units”), at a price of US$5.35 per Unit, for gross proceeds of approximately US$25.0 million, before deducting placement agent discounts and offering expenses (the “Offering”).

    Each Unit consists of one common share in the capital of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). The Warrants entitle the holder thereof to purchase one Common Share at an exercise price of CA$7.3579 (the Canadian dollar equivalent of US$5.35) per Common Share, are exercisable immediately and will expire five years following the date of issuance.

    Maxim Group LLC acted as sole placement agent for the Offering.

    Draganfly currently intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company’s core products, potential acquisitions and research and development.

    The Offering was made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-271498) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on July 5, 2023 and the Company’s Canadian short form base shelf prospectus dated June 30, 2023 (the “Base Shelf Prospectus”). Draganfly offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers.

    A prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof was filed with the applicable securities commissions in the Canadian provinces of British Columbia, Saskatchewan and Ontario, and with the SEC in the United States and is available for free by visiting the Company’s profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca or the SEC’s website at www.sec.gov, as applicable. Copies of the prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

    Media Contact
    media@draganfly.com

    Company Contact
    Cameron Chell, Chief Executive Officer
    Tel: (306) 955-9907
    Email: info@draganfly.com

    Forward Looking Statements

    Certain statements contained in this news release may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds of the Offering. These forward looking statements are subject to numerous factors, many of which are beyond Draganfly’s control, including but not limited to, those important factors disclosed previously and from time to time in Draganfly’s filings with the securities regulatory authorities in the Canadian provinces of British Columbia, Ontario and Saskatchewan and with the SEC. Actual future events may differ from the anticipated events expressed in such forward-looking statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws.‎ Investors are cautioned not to unduly rely on these forward-looking statements and are encouraged to read the Offering documents, as well as Draganfly’s continuous disclosure documents, including its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.

    The MIL Network –

    July 22, 2025

  • MIL-Evening Report: Africa’s minerals are being bartered for security: why it’s a bad idea

    Source: The Conversation (Au and NZ) – By Hanri Mostert, SARChI Chair for Mineral Law in Africa, University of Cape Town

    A US-brokered peace deal between the Democratic Republic of Congo (DRC) and Rwanda binds the two African nations to a worrying arrangement: one where a country signs away its mineral resources to a superpower in return for opaque assurances of security.

    The peace deal, signed in June 2025, aims to end three decades of conflict between the DRC and Rwanda.

    A key part of the agreement binds both nations to developing a regional economic integration framework. This arrangement would expand cooperation between the two states, the US government and American investors on “transparent, formalized end-to-end mineral chains”.

    Despite its immense mineral wealth, the DRC is among the five poorest countries in the world. It has been seeking US investment in its mineral sector.

    The US has in turn touted a potential multi-billion-dollar investment programme to anchor its mineral supply chains in the traumatised and poor territory.

    The peace that the June 2025 deal promises, therefore, hinges on chaining mineral supply to the US in exchange for Washington’s powerful – but vaguely formulated – military oversight.

    The peace agreement further establishes a joint oversight committee – with representatives from the African Union, Qatar and the US – to receive complaints and resolve disputes between the DRC and Rwanda.

    But beyond the joint oversight committee, the peace deal creates no specific security obligations for the US.

    The relationship between the DRC and Rwanda has been marred by war and tension since the bloody First (1996-1997) and Second (1998-2003) Congo wars. At the heart of much of this conflict is the DRC’s mineral wealth. It has fuelled competition, exploitation and armed violence.

    This latest peace deal introduces a resources-for-security arrangement. Such deals aren’t new in Africa. They first emerged in the early 2000s as resources-for-infrastructure transactions. Here, a foreign state would agree to build economic and social infrastructure (roads, ports, airports, hospitals) in an African state. In exchange, it would get a major stake in a government-owned mining company. Or gain preferential access to the host country’s minerals.

    We have studied mineral law and governance in Africa for more than 20 years. The question that emerges now is whether a US-brokered resources-for-security agreement will help the DRC benefit from its resources.

    Based on our research on mining, development and sustainability, we believe this is unlikely.

    This is because resources-for-security is the latest version of a resource-bartering approach that China and Russia pioneered in countries such as Angola, the Central African Republic and the DRC.

    Resource bartering in Africa has eroded the sovereignty and bargaining power of mineral-rich nations such as the DRC and Angola.

    Further, resources-for-security deals are less transparent and more complicated than prior resource bartering agreements.

    DRC’s security gaps

    The DRC is endowed with major deposits of critical minerals like cobalt, copper, lithium, manganese and tantalum. These are the building blocks for 21st century technologies: artificial intelligence, electric vehicles, wind energy and military security hardware. Rwanda has less mineral wealth than its neighbour, but is the world’s third-largest producer of tantalum, used in electronics, aerospace and medical devices.

    For almost 30 years, minerals have fuelled conflict and severe violence, especially in eastern DRC. Tungsten, tantalum and gold (referred to as 3TG) finance and drive conflict as government forces and an estimated 130 armed groups vie for control over lucrative mining sites. Several reports and studies have implicated the DRC’s neighbours – Rwanda and Uganda – in supporting the illegal extraction of 3TG in this region.

    The DRC government has failed to extend security over its vast (2.3 million square kilometres) and diverse territory (109 million people, representing 250 ethnic groups). Limited resources, logistical challenges and corruption have weakened its armed forces.

    This context makes the United States’ military backing enormously attractive. But our research shows there are traps.

    What states risk losing

    Resources-for-infrastructure and resources-for-security deals generally offer African nations short-term stability, financing or global goodwill. However, the costs are often long-term because of an erosion of sovereign control.

    Here’s how this happens:

    • certain clauses in such contracts can freeze future regulatory reforms, limiting legislative autonomy

    • other clauses may lock in low prices for years, leaving resource-selling states unable to benefit when commodity prices surge

    • arbitration clauses often shift disputes to international forums, bypassing local courts

    • infrastructure loans are often secured via resource revenues used as loan security. This effectively ringfences exports and undermines sovereign fiscal control.

    Examples of loss or near-loss of sovereignty from these sorts of deals abound in Africa.

    For instance, Angola’s US$2 billion oil-backed loan from China Eximbank in 2004. This was repayable in monthly deliveries of oil, with revenues directed to Chinese-controlled accounts. The loan’s design deprived Angolan authorities of decision-making power over that income stream even before the oil was extracted.

    These deals also fragment accountability. They often span multiple ministries (such as defence, mining and trade), avoiding robust oversight or accountability. Fragmentation makes resource sectors vulnerable to elite capture. Powerful insiders can manipulate agreements for private gain.

    In the DRC, this has created a violent kleptocracy, where resource wealth is systematically diverted away from popular benefit.

    Finally, there is the risk of re-entrenching extractive trauma. Communities displaced for mining and environmental degradation in many countries across Africa illustrate the long-standing harm to livelihoods, health and social cohesion.

    These are not new problems. But where extraction is tied to security or infrastructure, such damage risks becoming permanent features, not temporary costs.

    What needs to change

    Critical minerals are “critical” because they’re hard to mine or substitute. Additionally, their supply chains are strategically vulnerable and politically exposed. Whoever controls these minerals controls the future. Africa must make sure it doesn’t trade that future away.

    In a world being reshaped by global interests in critical minerals, African states must not underestimate the strategic value of their mineral resources. They hold considerable leverage.

    But leverage only works if it is wielded strategically. This means:

    • investing in institutional strength and legal capacity to negotiate better deals

    • demanding local value creation and addition

    • requiring transparency and parliamentary oversight for minerals-related agreements

    • refusing deals that bypass human rights, environmental or sovereignty standards.

    Africa has the resources. It must hold on to the power they wield.

    Hanri Mostert receives funding from the National Research Foundation (NRF) of South Africa. She is a member of the Expropriation Expert Group and a steering committee member of the International Bar Association’s (IBA) Academic Advisory Group (AAG) in the Sector for Energy, Environmental, Resources and Infrastructure Law (SEERIL).

    Tracy-Lynn Field receives funding from the Claude Leon Foundation. She is a non-executive director of the Wildlife and Environment Society of South Africa.

    – ref. Africa’s minerals are being bartered for security: why it’s a bad idea – https://theconversation.com/africas-minerals-are-being-bartered-for-security-why-its-a-bad-idea-260594

    MIL OSI Analysis – EveningReport.nz –

    July 22, 2025

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Veritex Holdings, Inc. (NASDAQ: VBTX)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Veritex Holdings, Inc. (NASDAQ: VBTX) related to its sale to Huntington Bancshares Inc. Upon completion of the proposed transaction, Huntington will issue 1.95 shares for each outstanding share of Veritex. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/veritex-holdings-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Veritex Holdings, Inc. (NASDAQ: VBTX)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Veritex Holdings, Inc. (NASDAQ: VBTX) related to its sale to Huntington Bancshares Inc. Upon completion of the proposed transaction, Huntington will issue 1.95 shares for each outstanding share of Veritex. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/veritex-holdings-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Colombier Acquisition Corp. II (NYSE: CLBR)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Colombier Acquisition Corp. II (NYSE: CLBR) related to its merger with Metroplex Trading Company (“GrabAGun”). The proposed transaction is valued at $150 million with the current equity holders of GrabAGun receiving $100 million of stock in the combined company and $50 million of cash. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/colombier-acquisition-corp-ii/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Colombier Acquisition Corp. II (NYSE: CLBR)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Colombier Acquisition Corp. II (NYSE: CLBR) related to its merger with Metroplex Trading Company (“GrabAGun”). The proposed transaction is valued at $150 million with the current equity holders of GrabAGun receiving $100 million of stock in the combined company and $50 million of cash. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/colombier-acquisition-corp-ii/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of ZimVie Inc. (NASDAQ: ZIMV)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating ZimVie Inc. (NASDAQ: ZIMV) related to its sale to an affiliate of ARCHIMED. Under the terms of the proposed transaction, ZimVie shareholders will receive $19.00 in cash per share. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/zimvie-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of ZimVie Inc. (NASDAQ: ZIMV)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating ZimVie Inc. (NASDAQ: ZIMV) related to its sale to an affiliate of ARCHIMED. Under the terms of the proposed transaction, ZimVie shareholders will receive $19.00 in cash per share. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/zimvie-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Skillful Application of Fundamental Principles Yields Standout Results: TrustCo Announces Net Income Up 19.8%; Net Interest Income up 10.5%

    Source: GlobeNewswire (MIL-OSI)

    Executive Snapshot:

    • Bank-wide financial results:
      • Key metrics for the second quarter 2025:
        • Net income of $15.0 million, or $0.79 diluted earnings per share, increased 19.8% compared to $12.6 million, or $0.66 diluted earnings per share for the second quarter 2024
        • Net interest income of $41.7 million, up 10.5% from $37.8 million for the second quarter 2024
        • Net interest margin of 2.71%, up 18 basis points from 2.53% in second quarter of 2024
        • Average loans were up $115.6 million for the second quarter 2025 compared to the second quarter 2024
        • Average deposits were up $173.4 million for the second quarter 2025 compared to the second quarter 2024
    • Capital position and key ratios:
      • Consolidated equity to assets increased to 10.91% as of June 30, 2025 from 10.73% as of June 30, 2024
      • Book value per share as of June 30, 2025 was $36.75, up from $34.46 as of June 30, 2024
      • 169 thousand shares of TrustCo common stock were purchased under the stock repurchase program during the second quarter 2025
    • Trustco Financial Services and Wealth Management income:
      • Fees increased to $1.8 million, or by 13.0%, compared to second quarter 2024
      • Assets under management increased to $1.19 billion, or by 8.2%, compared to second quarter 2024

    GLENVILLE, N.Y., July 21, 2025 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced strong financial results for the second quarter of 2025 underscored by rising net interest income, continued margin expansion, and accelerated loan growth across key portfolios. Net interest income increased 10.5% year over year to $41.7 million, driven by the ongoing repricing of the loan portfolio at higher yields and disciplined management of deposit costs, which remained well-controlled despite sustained competitive pressures. Net interest margin expanded to 2.71% from 2.53% in the prior year period, reflecting improved asset yields and prudent deposit pricing strategies. This resulted in second quarter 2025 net income of $15.0 million or $0.79 diluted earnings per share, compared to net income of $12.6 million or $0.66 diluted earnings per share for the second quarter 2024. Loan growth gained momentum during the quarter, with total average loans increasing $115.6 million or 2.3% for the second quarter 2025 over the same period in 2024. This growth signals increasing borrower confidence and supports the Bank’s strategic focus on high quality relationship lending.        

    Overview

    Chairman, President, and CEO, Robert J. McCormick said “Part of our long-term strategy is having the right mix of products available so that we can sell the right thing, to the right customer, at the right time. It is our ability to do this with agility and skill that has produced the standout results announced today. We saw double digit growth in our return metrics year over year, as return on average assets improved 17%, and return on average equity grew 12.5%. Our margin improved 7% year over year, in tandem with a 12% year over year improvement in adjusted efficiency ratio. Our ability to sell home equity products at a time of high market demand for the flexibility they offer has been key to this success. Home equity credit lines are up 18% year over year. Likewise, we strategically grew commercial loans 11% year over year – which we have done without exposure to risky multi-family loans or other industry-specific concentrations. We lowered non-performing loans to total loans by 7% year over year, and booked a second consecutive quarter of net recoveries. These exceptional results in the first half of 2025 provide a foundation for positive momentum moving into 2026.”

    Details

    As the year continues to progress, we are seeing increased opportunities to deploy our resources effectively. Some efforts include loan originations, targeted investments in technology and digital banking infrastructure, and strategic growth in key markets. Average loans were up $115.6 million, or 2.3%, in the second quarter 2025 over the same period in 2024. Average residential loans and HECLs, our primary lending focus, were up $27.9 million, or 0.6%, and $64.7 million, or 17.8%, respectively, in the second quarter 2025 over the same period in 2024. Average commercial loans also increased $25.8 million, or 9.2%, in the second quarter 2025 over the same period in 2024. We believe that this upward trend reflects improving economic confidence among borrowers, strong credit quality, and the Bank’s focus on relationship lending. The sustained growth in the loan portfolio will likely enhance net interest income in the quarters ahead. Average deposits were up $173.4 million, or 3.3%, for the second quarter 2025 over the same period in 2024, primarily as a result of an increase in time deposits, interest bearing checking accounts, and demand deposits. The Bank’s continued emphasis on relationship banking, combined with competitive product offerings and digital capabilities, has contributed to a stable deposit base that supports ongoing loan growth and expansion.

    During the second quarter of 2025, we remained committed to returning value to shareholders through a disciplined share repurchase program, which reflects our confidence in the long-term strength of the franchise and our focus on capital optimization. TrustCo purchased 169 thousand, or 0.9%, of total shares outstanding of TrustCo common stock under the previously announced stock repurchase program during the second quarter of 2025. Our approach ensures every dollar of capital is working to generate solid returns, strengthen customer relationships, and enhance shareholder value. As of June 30, 2025, our equity to asset ratio was 10.91%, compared to 10.73% as of June 30, 2024. Book value per share as of June 30, 2025 was $36.75, up 6.6% compared to $34.46 a year earlier.

    Net interest income was $41.7 million for the second quarter 2025, an increase of $4.0 million, or 10.5%, compared to the second quarter of 2024, driven by loan growth at higher interest rates, increase in interest on federal funds sold and other short-term investments, and less interest expense on deposit products, partially offset by lower investment interest income. The net interest margin for the second quarter 2025 was 2.71%, up 18 basis points from 2.53% in the second quarter of 2024. The yield on interest earnings assets increased to 4.19% in the second quarter of 2025, up 13 basis points from 4.06% in the second quarter of 2024. The cost of interest bearing liabilities decreased to 1.91% in the second quarter 2025, down from 1.97% in the second quarter 2024. The Bank is well positioned to continue delivering strong net interest income performance even as the Federal Reserve signals a potential easing cycle in the months ahead. Our balance sheet is built for resilience and flexibility, with a favorable asset mix and a stable deposit base that we believe positions us to thrive across interest rate environments. In addition to new loan originations, we are seeing ongoing opportunities to reprice portions of our existing loan book as higher-rate loans replace paydowns and early payoffs, helping us maintain attractive yields. With loan demand accelerating and funding costs stabilizing, we believe there is meaningful upside to net interest income in the coming quarters. Our proactive asset-liability management strategy gives us confidence in sustaining margin strength and driving consistent profitable growth.

    Non-interest income, net of net gains on equity securities, increased to $4.9 million as compared to $4.3 million for the second quarter of 2024. This increase was primarily attributable to wealth management and financial services fees, which increased by 13.0% to $1.8 million, driven by strong client demand and higher assets under management. These revenues represent 37.5% of non-interest income for the second quarter of 2025. The majority of this fee income is recurring, supported by long-term advisory relationships and a growing base of managed assets. Non-interest expense increased $236 thousand over the second quarter of 2024.

    Asset quality remains strong and has been consistent over the past twelve months. The Company recorded a provision for credit losses on loans of $650 thousand in the second quarter of 2025. The ratio of allowance for credit losses on loans to total loans was 0.99% as of both June 30, 2025 and 2024. The allowance for credit losses on loans was $51.3 million as of June 30, 2025, compared to $49.8 million as of June 30, 2024. Nonperforming loans (NPLs) were $17.9 million as of June 30, 2025, compared to $19.2 million as of June 30, 2024. NPLs were 0.35% and 0.38% of total loans as of June 30, 2025 and 2024, respectively. The coverage ratio, or allowance for credit losses on loans to NPLs, was 286.2% as of June 30, 2025, compared to 259.4% as of June 30, 2024. Nonperforming assets (NPAs) were $19.0 million as of June 30, 2025, compared to $21.5 million as of June 30, 2024.  

    A conference call to discuss second quarter 2025 results will be held at 9:00 a.m. Eastern Time on July 22, 2025. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 258501. A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 410483.   The call will also be audio webcast at  https://events.q4inc.com/attendee/979003710, and will be available for one year.

    About TrustCo Bank Corp NY

    TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 136 offices in New York, New Jersey, Vermont, Massachusetts, and Florida as of June 30, 2025.

    In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST.

    Forward-Looking Statements

    All statements in this news release and the related earnings call that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future development, results or periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations for our future performance, including our expectations regarding the impact of our loan portfolio’s growth, loan demand and funding cost on net interest income, and the anticipated effects of our capital management strategy, including our stock repurchase program. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements, and many of the risks and uncertainties are heightened by or may, in the future, be heightened by volatility in financial markets and macroeconomic or geopolitical concerns related to inflation, changes in United States and foreign trade policy, continued elevated interest rates and ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas). TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The following important factors, among others, in some cases have affected and in the future could affect TrustCo’s actual results and could cause TrustCo’s actual financial performance to differ materially from that expressed in any forward-looking statement: future changes in interest rates; external economic factors, such as changes in monetary policy, ongoing inflationary pressures and continued elevated prices; exposure to credit risk in our lending activities; the risk of weakness in residential real estate markets; our increasing commercial loan portfolio; the sufficiency of our allowance for credit losses on loans to cover actual loan losses; our ability to meet the cash flow requirements of our depositors or borrowers or meet our operating cash needs to fund corporate expansion and other activities; claims and litigation pertaining to fiduciary responsibility and lender liability; the enforcement of federal cannabis laws and regulations and its impact on our ability to provide services in the cannabis industry; our dependency upon the services of the management team; our disclosure controls and procedures’ ability to prevent or detect errors or acts of fraud; the adequacy of our business continuity and disaster recovery plans; the effectiveness of our risk management framework; the impact of any expansion by us into new lines of business or new products and services; an increase in the prevalence of fraud and other financial crimes; the impact of severe weather events and climate change on us and the communities we serve, including societal responses to climate change; environmental, social and governance risks, as well as diversity, equity, and inclusion-related risks, and their impact on our reputation and relationships; the chance of a prolonged economic downturn, especially one affecting our geographic market area; instability in global economic conditions and geopolitical matters, as well as volatility in financial markets; the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; fluctuations in the trust wealth management fees we receive as a result of investment performance; the impact of regulatory capital rules on our growth; changes in laws and regulations, including changes in cybersecurity or privacy regulations; restrictions on data collection and use; our compliance with the USA PATRIOT Act, Bank Secrecy Act, and other laws and regulations that could result in material fines or sanctions; changes in tax laws; limitations on our ability to pay dividends; TrustCo Realty Corp.’s ability to qualify as a real estate investment trust; changes in accounting standards; competition within our market areas; consumers and businesses’ use of non-banks to complete financial transactions; our reliance on third-party service providers; the impact of data breaches and cyber-attacks; the development and use of artificial intelligence; the impact of a failure in or breach of our operational or security systems or infrastructure, or those of third parties; the impact of an unauthorized disclosure of sensitive or confidential client or customer information; the impact of interruptions in the effective operation of our computer systems; the impact of anti-takeover provisions in our organizational documents; the impact of the manner in which we allocate capital; and other risks and uncertainties set forth in our public filings made with the Securities and Exchange Commission (the “SEC”), including our most recent Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, and our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 to be filed with the SEC. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

    TRUSTCO BANK CORP NY
    GLENVILLE, NY
     
    FINANCIAL HIGHLIGHTS
     
    (dollars in thousands, except per share data)
    (Unaudited)
      Three months ended
      6/30/2025
    		   3/31/2025
    		   6/30/2024
    Summary of operations          
    Net interest income $ 41,746     $ 40,373     $ 37,788  
    Provision for credit losses   650       300       500  
    Net gains on equity securities   –       –       1,360  
    Noninterest income, excluding net gains on equity securities   4,852       4,974       4,291  
    Noninterest expense   26,223       26,329       26,459  
    Net income   15,039       14,275       12,551  
               
    Per share          
    Net income per share:          
    – Basic $ 0.79     $ 0.75     $ 0.66  
    – Diluted   0.79       0.75       0.66  
    Cash dividends   0.36       0.36       0.36  
    Book value at period end   36.75       36.16       34.46  
    Market price at period end   33.42       30.48       28.77  
               
    At period end          
    Full time equivalent employees   733       740       753  
    Full service banking offices   136       136       138  
               
    Performance ratios          
    Return on average assets   0.96 %     0.93 %     0.82 %
    Return on average equity   8.73       8.49       7.76  
    Efficiency ratio (GAAP)   56.27       58.06       60.91  
    Adjusted Efficiency ratio (1)   55.15       58.00       62.84  
    Net interest spread   2.28       2.21       2.09  
    Net interest margin   2.71       2.64       2.53  
    Dividend payout ratio   45.27       47.97       54.57  
               
    Capital ratios at period end          
    Consolidated equity to assets   10.91 %     10.85 %     10.73 %
    Consolidated tangible equity to tangible assets (1)   10.91 %     10.84 %     10.72 %
               
    Asset quality analysis at period end          
    Nonperforming loans to total loans   0.35 %     0.37 %     0.38 %
    Nonperforming assets to total assets   0.30       0.33       0.35  
    Allowance for credit losses on loans to total loans   0.99       0.99       0.99  
    Coverage ratio (2)   2.9x       2.7x       2.6x  
               
               
    (1) Non-GAAP Financial Measure, see Non-GAAP Financial Measures Reconciliation.
    (2) Calculated as allowance for credit losses on loans divided by total nonperforming loans.          
    FINANCIAL HIGHLIGHTS, Continued      
     
    (dollars in thousands, except per share data)      
    (Unaudited)      
      Six Months Ended
      06/30/25
    		   06/30/24
    Summary of operations      
    Net interest income $ 82,119       74,366  
    Provision for credit losses   950       1,100  
    Net gains on equity securities   –       1,360  
    Noninterest income, excluding net gains on equity securities   9,826       9,134  
    Noninterest expense   52,552       51,362  
    Net income   29,314       24,677  
           
    Per share      
    Net income per share:      
    – Basic $ 1.54       1.30  
    – Diluted   1.54       1.30  
    Cash dividends   0.72       0.72  
    Book value at period end   36.75       34.46  
    Market price at period end   33.42       28.77  
           
    Performance ratios      
    Return on average assets   0.94 %     0.81  
    Return on average equity   8.61       7.65  
    Efficiency ratio (GAAP)   57.16       60.53  
    Adjusted Efficiency ratio (1)   56.56       61.40  
    Net interest spread   2.24       2.05  
    Net interest margin   2.68       2.48  
    Dividend payout ratio   46.58       55.51  
           
    (1) Non-GAAP Financial Measure, see Non-GAAP Financial Measures Reconciliation.      
    CONSOLIDATED STATEMENTS OF INCOME
                       
    (dollars in thousands, except per share data)                  
    (Unaudited)                  
      Three months ended
      6/30/2025   3/31/2025   12/31/2024   9/30/2024     6/30/2024  
    Interest and dividend income:                  
    Interest and fees on loans $ 54,557     $ 53,450     $ 53,024     $ 52,112     $ 50,660  
    Interest and dividends on securities available for sale:                  
    U. S. government sponsored enterprises   614       596       680       718       909  
    State and political subdivisions   –       –       –       –       1  
    Mortgage-backed securities and collateralized mortgage                  
    obligations – residential   1,613       1,483       1,418       1,397       1,451  
    Corporate bonds   210       260       358       361       362  
    Small Business Administration – guaranteed                  
    participation securities   75       81       84       90       94  
    Other securities   8       7       6       2       2  
    Total interest and dividends on securities available for sale   2,520       2,427       2,546       2,568       2,819  
                       
    Interest on held to maturity securities:                  
    obligations – residential   54       57       59       62       65  
    Total interest on held to maturity securities   54       57       59       62       65  
                       
    Federal Home Loan Bank stock   129       151       152       153       147  
                       
    Interest on federal funds sold and other short-term investments   7,212       6,732       6,128       6,174       6,894  
    Total interest income   64,472       62,817       61,909       61,069       60,585  
                       
    Interest expense:                  
    Interest on deposits:                  
    Interest-bearing checking   536       558       397       311       288  
    Savings   733       734       719       770       675  
    Money market deposit accounts   2,086       1,989       2,024       2,154       2,228  
    Time deposits   19,195       18,983       19,680       18,969       19,400  
    Interest on short-term borrowings   176       180       187       194       206  
    Total interest expense   22,726       22,444       23,007       22,398       22,797  
                       
    Net interest income   41,746       40,373       38,902       38,671       37,788  
                       
    Less: Provision for credit losses   650       300       400       500       500  
    Net interest income after provision for credit losses   41,096       40,073       38,502       38,171       37,288  
                       
    Noninterest income:                  
    Trustco Financial Services income   1,818       2,120       1,778       2,044       1,609  
    Fees for services to customers   2,266       2,645       2,226       2,482       2,399  
    Net gains on equity securities   –       –       –       23       1,360  
    Other   768       209       405       382       283  
    Total noninterest income   4,852       4,974       4,409       4,931       5,651  
                       
    Noninterest expenses:                  
    Salaries and employee benefits   11,876       11,894       12,068       12,134       12,520  
    Net occupancy expense   4,518       4,554       4,563       4,271       4,375  
    Equipment expense   1,918       1,944       2,404       1,757       1,990  
    Professional services   1,886       1,726       1,782       1,863       1,570  
    Outsourced services   2,460       2,700       3,051       2,551       2,755  
    Advertising expense   304       361       590       339       466  
    FDIC and other insurance   1,136       1,188       1,113       1,112       797  
    Other real estate expense, net   522       28       476       204       16  
    Other   1,603       1,934       2,118       1,969       1,970  
    Total noninterest expenses   26,223       26,329       28,165       26,200       26,459  
                       
    Income before taxes   19,725       18,718       14,746       16,902       16,480  
    Income taxes   4,686       4,443       3,465       4,027       3,929  
                       
    Net income $ 15,039     $ 14,275     $ 11,281     $ 12,875     $ 12,551  
                       
    Net income per common share:                  
    – Basic $ 0.79     $ 0.75     $ 0.59     $ 0.68     $ 0.66  
                       
    – Diluted   0.79       0.75       0.59       0.68       0.66  
                       
    Average basic shares (in thousands)   18,965       19,020       19,015       19,010       19,022  
    Average diluted shares (in thousands)   18,994       19,044       19,045       19,036       19,033  
    CONSOLIDATED STATEMENTS OF INCOME, Continued
     
    (dollars in thousands, except per share data)
    (Unaudited)
      Six Months Ended
      06/30/25   06/30/24
    Interest and dividend income:      
    Interest and fees on loans $ 108,007       100,464  
    Interest and dividends on securities available for sale:      
    U. S. government sponsored enterprises   1,210       1,815  
    State and political subdivisions   –       1  
    Mortgage-backed securities and collateralized mortgage      
    obligations – residential   3,096       2,945  
    Corporate bonds   470       838  
    Small Business Administration – guaranteed      
    participation securities   156       194  
    Other securities   15       5  
    Total interest and dividends on securities available for sale   4,947       5,798  
           
    Interest on held to maturity securities:      
    Mortgage-backed securities-residential   111       133  
    Total interest on held to maturity securities   111       133  
           
    Federal Home Loan Bank stock   280       299  
           
    Interest on federal funds sold and other short-term investments   13,944       13,644  
    Total interest income   127,289       120,338  
           
    Interest expense:      
    Interest on deposits:      
    Interest-bearing checking   1,094       528  
    Savings   1,467       1,387  
    Money market deposit accounts   4,075       4,570  
    Time deposits   38,178       39,077  
    Interest on short-term borrowings   356       410  
    Total interest expense   45,170       45,972  
           
    Net interest income   82,119       74,366  
           
    Less: Provision for credit losses   950       1,100  
    Net interest income after provision for credit losses   81,169       73,266  
           
    Noninterest income:      
    Trustco Financial Services income   3,938       3,425  
    Fees for services to customers   4,911       5,144  
    Net gains on equity securities   –       1,360  
    Other   977       565  
    Total noninterest income   9,826       10,494  
           
    Noninterest expenses:      
    Salaries and employee benefits   23,770       23,947  
    Net occupancy expense   9,072       8,986  
    Equipment expense   3,862       3,728  
    Professional services   3,612       3,030  
    Outsourced services   5,160       5,256  
    Advertising expense   665       874  
    FDIC and other insurance   2,324       1,891  
    Other real estate expense, net   550       90  
    Other   3,537       3,560  
    Total noninterest expenses   52,552       51,362  
           
    Income before taxes   38,443       32,398  
    Income taxes   9,129       7,721  
           
    Net income $ 29,314       24,677  
           
    Net income per common share:      
    – Basic $ 1.54       1.30  
           
    – Diluted   1.54       1.30  
           
    Average basic shares (in thousands)   18,992       19,023  
    Average diluted shares (in thousands)   19,019       19,033  
    CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
     
    (dollars in thousands)
    (Unaudited)
      6/30/2025
    		   3/31/2025
    		   12/31/2024
    		   9/30/2024
    		   6/30/2024
    ASSETS:                  
                       
    Cash and due from banks $ 45,218     $ 48,782     $ 47,364     $ 49,659     $ 42,193  
    Federal funds sold and other short term investments   668,373       707,355       594,448       473,306       493,920  
    Total cash and cash equivalents   713,591       756,137       641,812       522,965       536,113  
                       
    Securities available for sale:                  
    U. S. government sponsored enterprises   71,241       65,942       85,617       90,588       106,796  
    States and political subdivisions   18       18       18       26       26  
    Mortgage-backed securities and collateralized mortgage                  
    obligations – residential   221,721       219,333       213,128       222,841       218,311  
    Small Business Administration – guaranteed                  
    participation securities   12,945       13,683       14,141       15,171       15,592  
    Corporate bonds   29,943       24,779       44,581       54,327       53,764  
    Other securities   698       698       700       701       688  
    Total securities available for sale   336,566       324,453       358,185       383,654       395,177  
                       
    Held to maturity securities:                  
    Mortgage-backed securities and collateralized mortgage                  
    obligations-residential   4,836       5,090       5,365       5,636       5,921  
    Total held to maturity securities   4,836       5,090       5,365       5,636       5,921  
                       
    Federal Reserve Bank and Federal Home Loan Bank stock   6,601       6,507       6,507       6,507       6,507  
                       
    Loans:                  
    Commercial   314,273       302,753       286,857       280,261       282,441  
    Residential mortgage loans   4,394,317       4,380,561       4,388,302       4,382,674       4,370,640  
    Home equity line of credit   435,433       419,806       409,261       393,418       370,063  
    Installment loans   12,678       13,017       13,638       14,503       15,168  
    Loans, net of deferred net costs   5,156,701       5,116,137       5,098,058       5,070,856       5,038,312  
                       
    Less: Allowance for credit losses on loans   51,265       50,606       50,248       49,950       49,772  
    Net loans   5,105,436       5,065,531       5,047,810       5,020,906       4,988,540  
                       
    Bank premises and equipment, net   38,129       37,178       33,782       33,324       33,466  
    Operating lease right-of-use assets   36,322       34,968       36,627       37,958       38,376  
    Other assets   106,894       108,681       108,656       98,730       102,544  
                       
    Total assets $ 6,348,375     $ 6,338,545     $ 6,238,744 $ 6,109,680     $ 6,106,644  
                       
    LIABILITIES:                  
    Deposits:                  
    Demand $ 784,351     $ 793,306     $ 762,101     $ 753,878     $ 745,227  
    Interest-bearing checking   1,045,043       1,067,948       1,027,540       988,527       1,029,606  
    Savings accounts   1,082,489       1,094,968       1,086,534       1,092,038       1,144,427  
    Money market deposit accounts   467,087       478,872       465,049       477,113       517,445  
    Time deposits   2,111,344       2,061,576       2,049,759       1,952,635       1,840,262  
    Total deposits   5,490,314       5,496,670       5,390,983       5,264,191       5,276,967  
                       
    Short-term borrowings   82,370       82,275       84,781       91,450       89,720  
    Operating lease liabilities   39,350       38,324       40,159       41,469       42,026  
    Accrued expenses and other liabilities   43,536       33,468       46,478       43,549       42,763  
                       
    Total liabilities   5,655,570       5,650,737       5,562,401       5,440,659       5,451,476  
                       
    SHAREHOLDERS’ EQUITY:                  
    Capital stock   20,097       20,097       20,097       20,058       20,058  
    Surplus   259,490       259,182       258,874       257,644       257,490  
    Undivided profits   462,158       453,931       446,503       442,079       436,048  
    Accumulated other comprehensive income (loss), net of tax   1,663       (132 )     (3,861 )     (6,600 )     (14,268 )
    Treasury stock at cost   (50,603 )     (45,270 )     (45,270 )     (44,160 )     (44,160 )
                       
    Total shareholders’ equity   692,805       687,808       676,343       669,021       655,168  
                       
    Total liabilities and shareholders’ equity $ 6,348,375     $ 6,338,545     $ 6,238,744 $ 6,109,680     $ 6,106,644  
                       
    Outstanding shares (in thousands)   18,851       19,020       19,020       19,010       19,010  
    NONPERFORMING ASSETS
               
    (dollars in thousands)
    (Unaudited)
      6/30/2025
    		   3/31/2025
    		   12/31/2024
    		   9/30/2024
    		   6/30/2024
    Nonperforming Assets                                      
                                           
    New York and other states*                                      
    Loans in nonaccrual status:                                      
    Commercial $ 684     $ 688     $ 343     $ 466     $ 741  
    Real estate mortgage – 1 to 4 family   14,048       14,795       14,671       15,320       14,992  
    Installment   34       139       108       163       131  
    Total nonperforming loans   14,766       15,622       15,122       15,949       15,864  
    Other real estate owned   1,136       2,107       2,175       2,503       2,334  
    Total nonperforming assets $ 15,902     $ 17,729     $ 17,297     $ 18,452     $ 18,198  
               
    Florida          
    Loans in nonaccrual status:          
    Commercial $ –     $ –     $ –     $ 314     $ 314  
    Real estate mortgage – 1 to 4 family   3,132       3,135       3,656       3,176       2,985  
    Installment   12       3       22       5       22  
    Total nonperforming loans   3,144       3,138       3,678       3,495       3,321  
    Other real estate owned   –       –       –       –       –  
    Total nonperforming assets $ 3,144     $ 3,138     $ 3,678     $ 3,495     $ 3,321  
               
    Total          
    Loans in nonaccrual status:          
    Commercial $ 684     $ 688     $ 343     $ 780     $ 1,055  
    Real estate mortgage – 1 to 4 family   17,180       17,930       18,327       18,496       17,977  
    Installment   46       142       130       168       153  
    Total nonperforming loans   17,910       18,760       18,800       19,444       19,185  
    Other real estate owned   1,136       2,107       2,175       2,503       2,334  
    Total nonperforming assets $ 19,046     $ 20,867     $ 20,975     $ 21,947     $ 21,519  
               
               
    Quarterly Net (Recoveries) Chargeoffs          
               
    New York and other states*          
    Commercial $ –     $ (3 )   $ 62     $ 65     $ –  
    Real estate mortgage – 1 to 4 family   (121 )     41       (316 )     104       (74 )
    Installment   18       4       41       11       (2 )
    Total net chargeoffs (recoveries) $ (103 )   $ 42     $ (213 )   $ 180     $ (76 )
               
    Florida          
    Commercial $ –     $ (315 )   $ 314     $ –     $ –  
    Real estate mortgage – 1 to 4 family   –       –       –       –       17  
    Installment   94       15       1       42       7  
    Total net (recoveries) chargeoffs $ 94     $ (300 )   $ 315     $ 42     $ 24  
               
    Total          
    Commercial $ –     $ (318 )   $ 376     $ 65     $ –  
    Real estate mortgage – 1 to 4 family   (121 )     41       (316 )     104       (57 )
    Installment   112       19       42       53       5  
    Total net (recoveries) chargeoffs $ (9 )   $ (258 )   $ 102     $ 222     $ (52 )
               
               
    Asset Quality Ratios          
               
    Total nonperforming loans (1) $ 17,910     $ 18,760     $ 18,800     $ 19,444     $ 19,185  
    Total nonperforming assets (1)   19,046       20,867       20,975       21,947       21,519  
    Total net (recoveries) chargeoffs (2)   (9 )     (258 )     102       222       (52 )
               
    Allowance for credit losses on loans (1)   51,265       50,606       50,248       49,950       49,772  
               
    Nonperforming loans to total loans   0.35 %     0.37 %     0.37 %     0.38 %     0.38 %
    Nonperforming assets to total assets   0.30 %     0.33 %     0.34 %     0.36 %     0.35 %
    Allowance for credit losses on loans to total loans   0.99 %     0.99 %     0.99 %     0.99 %     0.99 %
    Coverage ratio (1)   286.2 %     269.8 %     267.3 %     256.9 %     259.4 %
    Annualized net (recoveries) chargeoffs to average loans (2)   0.00 %     -0.02 %     0.01 %     0.02 %     0.00 %
    Allowance for credit losses on loans to annualized net chargeoffs (2) N/A N/A 123.2x 56.3x N/A
     
    * Includes New York, New Jersey, Vermont and Massachusetts.
    (1) At period-end
    (2) For the three-month period ended
    DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS’ EQUITY –
    INTEREST RATES AND INTEREST DIFFERENTIAL
     
    (dollars in thousands)                              
    (Unaudited) Three months ended   Three months ended
      June 30, 2025   June 30, 2024
      Average   Interest     Average     Average   Interest     Average  
      Balance         Rate     Balance         Rate  
    Assets                              
                                   
    Securities available for sale:                              
    U. S. government sponsored enterprises $ 73,468     $ 614       3.34 %   $ 113,844     $ 909       3.20 %  
    Mortgage backed securities and collateralized mortgage                              
    obligations – residential   244,628       1,613       2.62       250,517       1,451       2.30  
    State and political subdivisions   18       0       6.77       26       1       6.75  
    Corporate bonds   25,707       210       3.26       55,065       362       2.63  
    Small Business Administration – guaranteed                              
    participation securities   14,083       75       2.14       17,436       94       2.15  
    Other   697       8       4.59       694       2       1.15  
                                   
    Total securities available for sale   358,601       2,520       2.81       437,582       2,819       2.58  
                                   
    Federal funds sold and other short-term Investments   648,457       7,212       4.46       506,493       6,894       5.48  
                                   
    Held to maturity securities:                              
    Mortgage backed securities and collateralized mortgage                              
    obligations – residential   4,970       54       4.37       6,054       65       4.28  
                                   
    Total held to maturity securities   4,970       54       4.37       6,054       65       4.28  
                                   
    Federal Home Loan Bank stock   6,591       129       7.83       6,340       147       9.27  
                                   
    Commercial loans   306,373       4,261       5.56       280,559       3,765       5.37  
    Residential mortgage loans   4,387,181       43,236       3.94       4,359,232       40,819       3.75  
    Home equity lines of credit   428,933       6,830       6.39       364,210       5,814       6.42  
    Installment loans   12,523       230       7.35       15,395       262       6.86  
                                   
    Loans, net of unearned income   5,135,010       54,557       4.25       5,019,396       50,660       4.04  
                                   
    Total interest earning assets   6,153,629     $ 64,472       4.19       5,975,865     $ 60,585       4.06  
                                   
    Allowance for credit losses on loans   (50,777 )                 (49,454 )            
    Cash & non-interest earning assets   204,006                   181,688              
                                   
                                   
    Total assets $ 6,306,858                 $ 6,108,099              
                                   
                                   
    Liabilities and shareholders’ equity                              
                                   
    Deposits:                              
    Interest bearing checking accounts $ 1,039,242     $ 536       0.21 %   $ 1,009,048     $ 288       0.11 %  
    Money market accounts   470,824       2,086       1.78       524,068       2,228       1.71  
    Savings   1,087,467       733       0.27       1,145,922       675       0.24  
    Time deposits   2,085,329       19,195       3.69       1,873,139       19,400       4.17  
                                   
    Total interest bearing deposits   4,682,862       22,550       1.93       4,552,177       22,591       2.00  
    Short-term borrowings   81,055       176       0.87       93,703       206       0.89  
                                   
    Total interest bearing liabilities   4,763,917     $ 22,726       1.91       4,645,880     $ 22,797       1.97  
                                   
    Demand deposits   777,956                   735,262              
    Other liabilities   73,903                   76,258              
    Shareholders’ equity   691,082                   650,699              
                                   
    Total liabilities and shareholders’ equity $ 6,306,858                 $ 6,108,099              
                                   
    Net interest income     $ 41,746                 $ 37,788          
                                   
    Net interest spread           2.28 %             2.09 %  
                                   
                                   
    Net interest margin (net interest income to                              
    total interest earning assets)           2.71 %             2.53 %  
    DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS’ EQUITY –
    INTEREST RATES AND INTEREST DIFFERENTIAL, Continued
                                     
    (dollars in thousands)                                
    (Unaudited) Six Months Ended     Six Months Ended  
      June 30, 2025     June 30, 2024  
      Average   Interest       Average     Average   Interest     Average  
      Balance           Rate     Balance         Rate  
    Assets                                
                                     
    Securities available for sale:                                
    U. S. government sponsored enterprises $ 74,071       1,210       3.27 %   $ 119,908       1,815       3.03 %
    Mortgage backed securities and collateralized mortgage                                
    obligations – residential   242,083       3,096       2.56       254,665       2,945       2.31  
    State and political subdivisions   18       –       6.77       26       1       6.82  
    Corporate bonds   32,823       470       2.86       64,345       838       2.60  
    Small Business Administration – guaranteed                                
    participation securities   14,540       156       2.15       17,830       194       2.18  
    Mortgage backed securities and collateralized mortgage                                
    obligations – commercial   –                     –       –       –  
    Other   698       15       4.30       695       5       1.44  
                                     
    Total securities available for sale   364,233       4,947       2.72       457,469       5,798       2.53  
                                     
    Federal funds sold and other short-term Investments   631,148       13,944       4.46       502,072       13,644       5.47  
                                     
    Held to maturity securities:                                
    Mortgage backed securities and collateralized mortgage                                
    obligations – residential   5,101       111       4.35       6,192       133       4.29  
                                     
    Total held to maturity securities   5,101       111       4.35       6,192       133       4.29  
                                     
    Federal Home Loan Bank stock   6,549       280       8.55       6,271       299       9.54  
                                     
    Commercial loans   302,173       8,426       5.58       278,871       7,425       5.33  
    Residential mortgage loans   4,386,418       85,851       3.92       4,359,351       81,236       3.73  
    Home equity lines of credit   421,498       13,265       6.35       358,607       11,277       6.32  
    Installment loans   12,744       465       7.36       15,761       526       6.72  
                                     
    Loans, net of unearned income   5,122,833       108,007       4.22       5,012,590       100,464       4.01  
                                     
    Total interest earning assets   6,129,864       127,289       4.16       5,984,594       120,338       4.03  
                                     
    Allowance for credit losses on loans   (50,627 )                   (49,139 )            
    Cash & non-interest earning assets   202,590                     188,364              
                                     
                                     
    Total assets $ 6,281,827                   $ 6,123,819              
                                     
                                     
    Liabilities and shareholders’ equity                                
                                     
    Deposits:                                
    Interest bearing checking accounts $ 1,038,733       1,094       0.21 %   $ 999,589       528       0.11 %
    Money market accounts   469,952       4,075       1.75       534,378       4,570       1.72  
    Savings   1,088,408       1,467       0.27       1,152,241       1,387       0.24  
    Time deposits   2,069,998       38,178       3.72       1,881,535       39,077       4.18  
                                     
    Total interest bearing deposits   4,667,091       44,814       1.94       4,567,743       45,562       2.01  
    Short-term borrowings   82,125       356       0.87       93,510       410       0.88  
                                     
    Total interest bearing liabilities   4,749,216       45,170       1.92       4,661,253       45,972       1.98  
                                     
    Demand deposits   769,923                     730,781              
    Other liabilities   76,308                     83,105              
    Shareholders’ equity   686,380                     648,680              
                                     
    Total liabilities and shareholders’ equity $ 6,281,827                   $ 6,123,819              
                                     
    Net interest income       82,119                   74,366          
                                     
    Net interest spread             2.24 %             2.05 %
                                     
                                     
    Net interest margin (net interest income to                                
    total interest earning assets)             2.68 %             2.48 %

    Non-GAAP Financial Measures Reconciliation

    Tangible book value per share is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible book value by excluding the balance of intangible assets from total shareholders’ equity divided by shares outstanding. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. Additionally, we believe that this measure is important to many investors in the marketplace who are interested in relative changes from period to period in equity exclusive of changes in intangible assets.

    Tangible equity as a percentage of tangible assets at period end is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible equity and tangible assets by excluding the balance of intangible assets from total shareholders’ equity and total assets, respectively. We calculate tangible equity as a percentage of tangible assets at period end by dividing tangible equity by tangible assets at period end. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. Additionally, we believe that this measure is important to many investors in the marketplace who are interested in relative changes from period to period in equity and total assets, each exclusive of changes in intangible assets.

    Adjusted efficiency ratio is a non-GAAP measures of expense control relative to revenue from net interest income and non-interest fee income. We calculate the efficiency ratio by dividing total non-interest expense by the sum of net interest income and total non-interest income. We calculate the adjusted efficiency ratio by dividing total noninterest expenses as determined under GAAP, excluding other real estate expense, net, by net interest income and total noninterest income as determined under GAAP, excluding net gains on equity securities. We believe that this provides a reasonable measure of primary banking expenses relative to primary banking revenue. Additionally, we believe this measure is important to investors looking for a measure of efficiency in our productivity measured by the amount of revenue generated for each dollar spent.

    We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial results. Our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titled measures reported by other companies. A reconciliation of the non-GAAP measures of tangible book value to shares outstanding, tangible equity as a percentage of tangible assets, and efficiency ratio to the most directly comparable GAAP measures is set forth below.  

    NON-GAAP FINANCIAL MEASURES RECONCILIATION              
                   
    (dollars in thousands)              
    (Unaudited)              
        6/30/2025   3/31/2025   6/30/2024      
    Tangible Book Value Per Share              
                   
    Equity (GAAP)   $ 692,805     $ 687,808     $ 655,168        
    Less: Intangible assets     553       553       553        
    Tangible equity (Non-GAAP)   $ 692,252     $ 687,255     $ 654,615        
                   
    Shares outstanding     18,851       19,020       19,010        
    Tangible book value per share     36.72       36.13       34.44        
    Book value per share     36.75       36.16       34.46        
                   
    Tangible Equity to Tangible Assets              
    Total Assets (GAAP)   $ 6,348,375     $ 6,338,545     $ 6,106,644        
    Less: Intangible assets     553       553       553        
    Tangible assets (Non-GAAP)   $ 6,347,822     $ 6,337,992     $ 6,106,091        
                   
    Consolidated Equity to Assets (GAAP)     10.91 %     10.85 %     10.73 %      
    Consolidated Tangible Equity to Tangible Assets (Non-GAAP)     10.91 %     10.84 %     10.72 %      
                   
        Three months ended   Six Months Ended
    Efficiency and Adjusted Efficiency Ratios   6/30/2025 3/31/2025 6/30/2024   6/30/2025     6/30/2024  
    Net interest income (GAAP) A $ 41,746     $ 40,373     $ 37,788     $ 82,119     $ 74,366  
    Non-interest income (GAAP) B   4,852       4,974       5,651       9,826       10,494  
    Less: Net gains on equity securities     –       –       1,360       –       1,360  
    Revenue used for efficiency ratio (Non-GAAP) C $ 46,598     $ 45,347     $ 42,079     $ 91,945     $ 83,500  
                   
    Total noninterest expense (GAAP) D $ 26,223     $ 26,329     $ 26,459     $ 52,552     $ 51,362  
    Less: Other real estate expense, net E   522       28       16       550       90  
    Expense used for efficiency ratio (Non-GAAP) F $ 25,701     $ 26,301     $ 26,443     $ 52,002     $ 51,272  
                   
    Efficiency Ratio (GAAP) D/(A+B)   56.27 %     58.06 %     60.91 %     57.16 %     60.53 %
    Adjusted Efficiency Ratio (Non-GAAP) F/C   55.15 %     58.00 %     62.84 %     56.56 %     61.40 %

    Subsidiary: Trustco Bank

    Contact: Robert Leonard
      Executive Vice President
      (518) 381-3693

    The MIL Network –

    July 22, 2025

  • MIL-OSI: A new era for Ripple XRP: PBK Miner launches zero-hardware XRP cloud mining, offering a new way to make money

    Source: GlobeNewswire (MIL-OSI)

    Sydney,Australia, July 21, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem flourishes around the world, PBKMiner is proud to introduce a breakthrough in cryptocurrency mining: XRP-specific cloud mining contracts. These short-term, flexible contracts are now available on desktop and mobile platforms, allowing users to mine XRP remotely and receive daily XRP rewards – no mining hardware, technical expertise, or experience required. This is the first time that retail users can seamlessly participate in the XRP economy through an integrated and easy-to-use platform.

    XRP Cloud Mining Now Available—Easy, Smart, and Profitable
    XRP has long been recognized for its role in cross-border payments and institutional financing, and now PBKMiner’s latest innovation – user-friendly cloud mining, takes XRP to the next level.
    Users can mine XRP directly or take advantage of PBKMiner’s intelligent AI engine, which automatically transfers mining power to the highest-yielding assets, including BTC, ETH, DOGE, USDC, and more. Earnings will be paid daily in the cryptocurrency of your choice, providing a reliable source of income regardless of market fluctuations.
    Whether you are a novice or an experienced investor, the PBKMiner platform allows you to earn continuous cryptocurrency income anytime, anywhere.
    Why does PBKMiner’s XRP mining stand out?
    – Available to Everyone: No technical skills, no hardware, no complications — just click to earn.
    – XRP Native: Handle XRP from deposits to withdrawals in one ecosystem.
    – Smart, Stable Returns: AI Mining Strategies Deliver Stable Yields Across Assets.
    – Built-in Flexibility: Choose to mine XRP or diversify into other top cryptocurrencies — all from one contract.
    – Global Instant Access: Start mining securely from anywhere in the world via your browser or app.
    Start earning income in just three easy steps:
    1.Register – Create an account and receive a $10 welcome bonus.
    2. Choose a plan – Select a short-term or long-term contract (1-55 days available).
    3. Start earning – Track your daily rewards and withdraw them in your preferred token.

    Main features of PBKMiner’s XRP cloud mining contract
    – Full XRP Ecosystem Integration: Deposit, mine, and withdraw XRP seamlessly on the platform.
    – Multi-currency mining support: Earn XRP, BTC, ETH, DOGE, USDC, USDT, SOL, LTC, BCH, and more.
    – AI Revenue Optimization: Proprietary algorithms optimize mining allocations for peak profitability.
    – 100% Remote Access: No hardware required – fully accessible via the PBKMiner app or browser.
    – Capital Protection: All contracts return full principal at expiration, minimizing risk while maximizing potential.
    Flexible mining contracts to meet various budget needs
    PBKMiner offers a variety of XRP-based cloud mining contracts designed for flexibility, predictable income, and effective risk management:
    $10 contract – 1 day – earn $0.6
    $100 contract – 2 days – earn $3.5 per day
    $500 contract – 5 days – earn $6.5 per day
    $5,000 contract – 30 days – earn $77.50 per day
    $30,000 contract – 50 days – earn $525.00 per day
    Whether you are investing for the first time or building a long-term portfolio, PBKMiner offers transparent, low-risk contracts that bring a steady daily XRP income.
    Click here to explore all XRP contracts.

    About PBKMiner
    Founded in 2019, it represents a new generation of AI-driven cloud mining technology, with data, performance, and trust as the pillars. The platform supports cloud mining of XRP, BTC, ETH, LTC, DOGE, and SOL. It has helped millions of users around the world earn passive crypto income through secure, AI-driven cloud mining. With the launch of XRP mining, the platform now combines retail-level accessibility with institutional-grade technology. Users can choose to mine XRP directly, or invest in the best performing digital assets – all in a secure, fully remote environment.
    A PBKMiner spokesperson said:
    “XRP has always been fast, efficient, and scalable. Now, it can also be mined securely, remotely, and profitably. We have removed all barriers so that anyone can participate in the future of XRP.”
    The market may go up and down, but your mining income can remain stable. Especially suitable for investors who seek sustainable long-term returns rather than speculative gains.
    For full details and participation options please visit: https://pbkminer.com
    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Arizona Sonoran to Present at the Metals & Mining Virtual Investor Conference July 23

    Source: GlobeNewswire (MIL-OSI)

    CASA GRANDE, Ariz. and TORONTO, July 21, 2025 (GLOBE NEWSWIRE) — Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper developer, today announces that George Ogilvie, President, CEO and Director, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 23, 2025.

    DATE: July 23
    TIME: 12:30 pm ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: July 28

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

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

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

    Recent Company Highlights:

    • Well-funded with recent C$57.6 million financings (June 20, 2025, July 10, 2025)
    • Advancing to PFS in 2025
    • Brownfield open pit project with significant in place infrastructure
    • Lower-risk copper cathode developer on private land in Arizona


    Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release.

    About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com)
    ASCU is a copper exploration and development company with a 100% interest in the brownfield Cactus Project. The Project, on privately held land, contains a large-scale porphyry copper resource and a recent 2024 PEA proposes a generational open pit copper mine with robust economic returns. Cactus is a lower risk copper developer benefitting from a State-led permitting process, in place infrastructure, highways and rail lines at its doorstep and onsite permitted water access. The Company objective is to develop Cactus and become a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    For more information:
    Alison Dwoskin, Director, Investor Relations
    647-233-4348
    adwoskin@arizonasonoran.com

    George Ogilvie, President, CEO and Director
    416-723-0458
    gogilvie@arizonasonoran.com

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

    Cautionary Statements regarding Forward-Looking Statements and Other Matters
    Forward-Looking Statements 
    All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute “forward-looking statements” and ” “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipated”, “become”, “believe”, “continuing”, “developer”, “emerging”, “forward”, “generational”, “long-term”, “looking”, “may”, “objective”, “ongoing”, “PEA”, “PFS”, “potential”, “pre-feasibility”, “preliminary”, “project”, “projected”, “proposes”, “provide”, “risk”, “study”, ”subject to”, and “will”, “or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, would, will (or not) be achieved, occur, provide, result or support in the future, or which, by their nature, refer to future events. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect.  Forward-looking statements include those relating to the Company’s presentation at the Metals & Mining Virtual Investor Conference on July 23, 2025; the Company being well-funded, the ongoing pre-feasibility study (or PFS) in respect of the Cactus Project and the timing thereof); the 2024 PEA and results thereof (including risk, economic returns, operating costs, production, and proposal of a generational open pit copper mine); and the Company’s strategic and other objectives (including development of the Cactus Project, becoming a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders, and any other continuing or future successes). Although the Company believes that such statements are reasonable, there can be no assurance that those forward-looking statements will prove to be correct, and any forward-looking statements by the Company are not guarantees of future actions, results or performance. Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements.  The assumptions, estimates, expectations and opinions referenced, contained or incorporated by reference in this press release which may prove to be incorrect include those set forth or referenced in this press release, as well as those stated in the technical report for the Cactus Project filed on August 27, 2024 (the “2024 PEA Technical Report”), the Company’s Annual Information Form dated March 27, 2025 (the “AIF”), Management’s Discussion and Analysis (together with the accompanying financial statements) disclosed for the year ended December 31, 2024 and filed for quarter(s) already ended in 2025 (collectively, the “2024-25 Financial Disclosure”), and the Company’s other applicable public disclosure (collectively, “Company Disclosure”), all available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others, the “Risk Factors” in the AIF, and the risks, uncertainties, contingencies and other factors identified in the 2024 PEA Technical Report and the 2024-25 Financial Disclosure. The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company’s business, financial condition and prospects that is provided in the AIF, the 2024-25 Financial Disclosure and other Company Disclosure. Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release (or as otherwise expressly specified) and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements referenced or contained in this press release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the AIF, the 2024 PEA Technical Report and the 2024-25 Financial Disclosure, all available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca.

    Preliminary Economic Assessments
    The Preliminary Economic Assessment (or “2024 PEA”) referenced in this press release and summarized in the 2024 PEA Technical Report is only a conceptual study of the potential viability of the Cactus Project and the economic and technical viability of the Cactus Project has not been demonstrated. The 2024 PEA is preliminary in nature and provides only an initial, high-level review of the Cactus Project’s potential and design options; there is no certainty that the 2024 PEA will be realized. For further detail on the Cactus Project and the 2024 PEA, including applicable technical notes and cautionary statements, please refer to the Company’s press release dated August 7, 2024 and the 2024 PEA Technical Report, both available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca.

    The MIL Network –

    July 22, 2025

  • MIL-OSI: Arizona Sonoran to Present at the Metals & Mining Virtual Investor Conference July 23

    Source: GlobeNewswire (MIL-OSI)

    CASA GRANDE, Ariz. and TORONTO, July 21, 2025 (GLOBE NEWSWIRE) — Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper developer, today announces that George Ogilvie, President, CEO and Director, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 23, 2025.

    DATE: July 23
    TIME: 12:30 pm ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: July 28

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

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

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

    Recent Company Highlights:

    • Well-funded with recent C$57.6 million financings (June 20, 2025, July 10, 2025)
    • Advancing to PFS in 2025
    • Brownfield open pit project with significant in place infrastructure
    • Lower-risk copper cathode developer on private land in Arizona


    Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release.

    About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com)
    ASCU is a copper exploration and development company with a 100% interest in the brownfield Cactus Project. The Project, on privately held land, contains a large-scale porphyry copper resource and a recent 2024 PEA proposes a generational open pit copper mine with robust economic returns. Cactus is a lower risk copper developer benefitting from a State-led permitting process, in place infrastructure, highways and rail lines at its doorstep and onsite permitted water access. The Company objective is to develop Cactus and become a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    For more information:
    Alison Dwoskin, Director, Investor Relations
    647-233-4348
    adwoskin@arizonasonoran.com

    George Ogilvie, President, CEO and Director
    416-723-0458
    gogilvie@arizonasonoran.com

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

    Cautionary Statements regarding Forward-Looking Statements and Other Matters
    Forward-Looking Statements 
    All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute “forward-looking statements” and ” “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipated”, “become”, “believe”, “continuing”, “developer”, “emerging”, “forward”, “generational”, “long-term”, “looking”, “may”, “objective”, “ongoing”, “PEA”, “PFS”, “potential”, “pre-feasibility”, “preliminary”, “project”, “projected”, “proposes”, “provide”, “risk”, “study”, ”subject to”, and “will”, “or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, would, will (or not) be achieved, occur, provide, result or support in the future, or which, by their nature, refer to future events. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect.  Forward-looking statements include those relating to the Company’s presentation at the Metals & Mining Virtual Investor Conference on July 23, 2025; the Company being well-funded, the ongoing pre-feasibility study (or PFS) in respect of the Cactus Project and the timing thereof); the 2024 PEA and results thereof (including risk, economic returns, operating costs, production, and proposal of a generational open pit copper mine); and the Company’s strategic and other objectives (including development of the Cactus Project, becoming a mid-tier copper producer with low operating costs, that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders, and any other continuing or future successes). Although the Company believes that such statements are reasonable, there can be no assurance that those forward-looking statements will prove to be correct, and any forward-looking statements by the Company are not guarantees of future actions, results or performance. Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements.  The assumptions, estimates, expectations and opinions referenced, contained or incorporated by reference in this press release which may prove to be incorrect include those set forth or referenced in this press release, as well as those stated in the technical report for the Cactus Project filed on August 27, 2024 (the “2024 PEA Technical Report”), the Company’s Annual Information Form dated March 27, 2025 (the “AIF”), Management’s Discussion and Analysis (together with the accompanying financial statements) disclosed for the year ended December 31, 2024 and filed for quarter(s) already ended in 2025 (collectively, the “2024-25 Financial Disclosure”), and the Company’s other applicable public disclosure (collectively, “Company Disclosure”), all available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others, the “Risk Factors” in the AIF, and the risks, uncertainties, contingencies and other factors identified in the 2024 PEA Technical Report and the 2024-25 Financial Disclosure. The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company’s business, financial condition and prospects that is provided in the AIF, the 2024-25 Financial Disclosure and other Company Disclosure. Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this press release (or as otherwise expressly specified) and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements referenced or contained in this press release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the AIF, the 2024 PEA Technical Report and the 2024-25 Financial Disclosure, all available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca.

    Preliminary Economic Assessments
    The Preliminary Economic Assessment (or “2024 PEA”) referenced in this press release and summarized in the 2024 PEA Technical Report is only a conceptual study of the potential viability of the Cactus Project and the economic and technical viability of the Cactus Project has not been demonstrated. The 2024 PEA is preliminary in nature and provides only an initial, high-level review of the Cactus Project’s potential and design options; there is no certainty that the 2024 PEA will be realized. For further detail on the Cactus Project and the 2024 PEA, including applicable technical notes and cautionary statements, please refer to the Company’s press release dated August 7, 2024 and the 2024 PEA Technical Report, both available on the Company’s website at www.arizonasonoran.com and under its issuer profile at www.sedarplus.ca.

    The MIL Network –

    July 22, 2025
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