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Category: Business

  • Japanese banks’ investments in India growing stronger: Envoy

    Source: Government of India

    Source: Government of India (4)

    Japanese Ambassador to India, Ono Keiichi, on Friday said he had a detailed conversation with Reserve Bank of India (RBI) Governor Sanjay Malhotra on the expanding role of Japanese banks in India’s economy.

    In a post on social media platform X (formerly Twitter), the envoy highlighted that the meeting focused on the expansion of Japanese banks’ investments in India and how they are increasingly contributing to the country’s economic growth.

    “Honoured to meet Sanjay Malhotra, Governor of the Reserve Bank of India (RBI). We had an engaging discussion on the expansion of Japanese banks’ investments in India and their growing contribution to the Indian economy,” Keiichi said on X.

    The meeting comes as India and Japan continue to deepen their Special Strategic and Global Partnership, with greater emphasis on trade, investment, and financial cooperation.

    In recent years, Japanese financial institutions have expanded their footprint in India, supporting infrastructure projects, industrial growth, and business collaborations.

    Earlier, senior officials from both nations reaffirmed the importance of strengthening bilateral ties ahead of Prime Minister Narendra Modi’s scheduled visit to Japan later this year.

    During a high-level dialogue in the national capital on July 28, Indian Foreign Secretary Vikram Misri and Japan’s Vice-Minister for Foreign Affairs Takehiro Funakoshi agreed to enhance cooperation in security, economy, and people-to-people exchanges, while working closely within frameworks such as the Japan-US-Australia-India partnership to promote a Free and Open Indo-Pacific.

    “At the Japan-India Vice-Ministerial Dialogue, the two Secretaries confirmed that, in anticipation of Prime Minister Modi’s visit to Japan scheduled for this year, they would work to strengthen bilateral relations in a wide range of areas, including security, economy, and people-to-people exchanges, and would further cooperate, including within the Japan-US-Australia-India framework, towards the realization of a Free and Open Indo-Pacific,” read a statement issued by Japan’s Ministry of Foreign Affairs on the evening of July 28.

    “In addition to bilateral relations, the two Secretaries also exchanged views on regional situations and agreed to continue to cooperate closely. During the exchange of views with Mishra, Principal Secretary to the Prime Minister’s Office, the two sides discussed various aspects of bilateral relations,” it added.

    —IANS

  • MIL-OSI Banking: APEC Disaster Officials Rally for Joint Action as Regional Risks Escalate Incheon, Republic of Korea | 01 August 2025 Issued by the APEC Senior Disaster Management Officials’ Forum From climate extremes and aging populations to rapid urbanization, the region’s risk landscape is growing more multifaceted, outpacing the capacity of any single economy to respond alone.

    Source: APEC – Asia Pacific Economic Cooperation

    As disasters grow more frequent and complex across the Asia-Pacific, senior officials from APEC member economies convened in Incheon for the 2025 APEC Senior Disaster Management Officials’ Forum (SDMOF), calling for urgent, collective action to reduce disaster risks and protect lives.

    The forum, held under the theme “Advancing Disaster Risk Reduction in Asia-Pacific: Partnerships for a Resilient and Prosperous Future,” focused on strengthening coordination and resilience in the face of increasingly complex threats. From climate extremes and aging populations to rapid urbanization, the region’s risk landscape is growing more multifaceted, outpacing the capacity of any single economy to respond alone.

    “Disasters today cross borders and present transboundary risks that demand collective responses across the APEC region,” said Park Cheon-soo, Director General of the Ministry of the Interior and Safety, Republic of Korea. “In this context, solidarity and cooperation among member economies, in other words, partnership, is no longer optional, but a prerequisite for effective disaster risk reduction.”

    Director General Park urged delegates to move beyond disaster recovery and invest in systems that prevent and mitigate risk. 

    Throughout the forum, officials engaged in crucial policy session on emerging risks, early warning systems, multi-layered governance and technology for disaster leadership. 

    Officials also discussed the fundamental concept, different types and management strategies regarding emerging risks. They also explored to better mobilize private sector capabilities and harnessing emerging technologies to strengthen multi-level governance and leadership during disaster response. 

    In his closing remarks, Director General Park acknowledged the progress made in disaster preparedness and response, but emphasized that future challenges require renewed ambition and high-level commitment. 

    He called on each member economy to develop whole-of-society implementation capabilities aligned with their priorities and domestic contexts, foundations essential for the region’s prosperity. 

    Director General Park also reaffirmed Korea’s commitment to sharing expertise and resources, including advances in ICT-based early warning systems and integrated disaster management.

    Officials emphasized the need to translate the forum’s discussions into concrete actions and deeper collaboration, positioning the dialogue as a springboard for future progress.

    “Disaster risk reduction is not only about enhancing our ability to respond to disasters, but also crucial for ensuring prosperity across economic, social and environmental dimensions,” Director General Park concluded. “Trust-based cooperation among APEC economies is essential for advancing disaster risk reduction.”

    For more information or media inquiries, please contact:
    [email protected]

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN welcomes the President of the Democratic Republic of Timor-Leste to the ASEAN Headquarters/ASEAN Secretariat

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today warmly welcomed H.E. José Ramos-Horta, President of the Democratic Republic of Timor-Leste to the ASEAN Headquarters/ASEAN Secretariat.
     
    The event commenced with the signing of guestbook and will be followed by an Interface between the President of the Democratic Republic of Timor-Leste and the Secretary-General of ASEAN, the Committee of Permanent Representatives to ASEAN (CPR), and the Ambassador of Timor-Leste to ASEAN, and the delivery of a Policy Speech. The Policy Speech will be attended by members of the diplomatic corps in Jakarta, representatives of ASEAN-associated entities, academia and think tanks, business leaders, and staff members of the ASEAN Secretariat.

    The post Secretary-General of ASEAN welcomes the President of the Democratic Republic of Timor-Leste to the ASEAN Headquarters/ASEAN Secretariat appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Banking: President of the Democratic Republic of Timor-Leste holds Interface with Secretary-General of ASEAN and the Committee of Permanent Representatives to ASEAN

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, together with the Committee of the Permanent Representatives to ASEAN (CPR) and the Ambassador of Timor-Leste to ASEAN, held an Interface with H.E. José Ramos-Horta, President of the Democratic Republic of Timor-Leste, at the ASEAN Headquarters/ASEAN Secretariat.
     
    The Interface underscored Timor-Leste’s unwavering commitment to the work of ASEAN, particularly towards ASEAN Community-building and regional integration efforts. Secretary-General Dr. Kao reaffirmed the ASEAN Secretariat’s support to Timor-Leste in its efforts to be the 11th member of ASEAN in October of this year.

    The post President of the Democratic Republic of Timor-Leste holds Interface with Secretary-General of ASEAN and the Committee of Permanent Representatives to ASEAN appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI: NANO Nuclear Selected for Inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, Qualifying It for Inclusion in the Prominent Global X Uranium ETF (“URA”)

    Source: GlobeNewswire (MIL-OSI)

    With over $4 billion in net assets, the Global X Uranium ETF is the world’s preeminent ETF providing investors broad exposure to companies involved in uranium mining and the production of nuclear components

    New York, N.Y., Aug. 01, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has been selected for inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, following the Index’s semiannual review and subsequent rebalancing.

    Effective as of August 1, 2025, NANO Nuclear’s common stock will be included in the Solactive Global Uranium & Nuclear Components Total Return Index, an Index of Solactive AG which tracks the price movements in shares of companies that have (or are expected to have) exposure to the uranium industry. This particularly includes uranium mining, exploration, uranium investments and technologies (such as NANO Nuclear’s micro modular nuclear reactors under development) related to the uranium industry

    The Solactive Global Uranium & Nuclear Components Total Return Index serves as a benchmark for exchange-traded funds (or ETFs) and other investment products, with NANO Nuclear’s inclusion reflecting its growing presence in the global nuclear energy and uranium supply chain.

    As a result of this addition, NANO Nuclear’s common stock now qualifies for inclusion in the prominent Global X Uranium ETF (ticker “URA”), with approximately $4 billion in net assets, which passively tracks the Solactive Global Uranium & Nuclear Components Total Return Index. Notably, the Global X Uranium ETF is the world’s preeminent ETF providing investors broad exposure to companies involved in uranium mining and the production of nuclear components.

    Figure 1 – NANO Nuclear Energy Inc. Selected for inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, qualifying it for inclusion in the prominent Global X Uranium ETF (“URA”)

    “Our team has executed well on our stated strategic priorities, strengthening our market position and building collaborations that support our long‑term growth and valuation,” said Jay Yu, Founder and Chairman of NANO Nuclear. “Inclusion in Solactive’s Global Uranium & Nuclear Components Total Return Index and the Global X Uranium ETF marks these achievements and is another positive step in our trajectory, highlighting our expanding role in the global nuclear energy industry. It is a testament to the hard work being done by our team to steadily grow our company, advance our technologies, and deliver value to our shareholders both now and in the future.”

    “This is an important milestone for NANO Nuclear, and we are proud to be included in Solactive’s coverage of the nuclear and uranium industry,” said James Walker, Chief Executive Officer of NANO Nuclear. “We continue to take proactive steps to advance NANO Nuclear’s various development programs and initiatives and create shareholder value. This inclusion increases our visibility in the public markets and connects us with investors who are interested in this growing sector. We look forward to leveraging this exposure as we continue to grow and progress our business plans.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits of NANO Nuclear’s inclusion in the index and ETF described herein and its plans and goals generally. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Apex Critical Metals Corp. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Aug. 01, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Apex Critical Metals Corp. (CSE: APXC; OTCQX: APXCF), a Canadian exploration company, has qualified to trade on the OTCQX® Best Market. Apex Critical Metals Corp. upgraded to OTCQX from the OTCQB® Venture Market.

    Apex Critical Metals Corp. begins trading today on OTCQX under the symbol “APXCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

    “Graduating to the OTCQX Market marks another important step forward in our mission to build a leading North American explorer focused on critical metals,” stated Sean Charland, CEO of Apex Critical Metals. “This upgrade reflects the financial strength of our company, our commitment to transparent disclosure, and our intention to engage a broader base of U.S. investors as we continue to advance our rare earth and niobium-focused projects.”

    About Apex Critical Metals Corp.
    Apex Critical Metals Corp. is a Canadian exploration company specializing in the acquisition and development of properties prospective for carbonatites and alkaline rocks with potential to host economic concentrations of rare earth elements (REE’s), niobium, gold and copper mineralization. Apex’s Cap property located 85 kilometres northeast of Prince George, B.C., spans 25 square kilometres and hosts a recently identified promising 1.8-kilometre niobium trend. The Company’s Bianco carbonatite project encompasses 3,735 hectares covering a large carbonatite complex within an area known for significant niobium mineralization in northwestern Ontario. The company’s Lac Le Moyne project covers 4,025 hectares located in Northeastern Quebec, and hosts underexplored carbonatite outcrops originally mapped by government geologists in the 1970’s. By acquiring a multitude of carbonatite projects, Apex Critical Metals intends to investigate potential high-value opportunities to meet the growing global demand of specialty metals across various industries. Apex Critical is publicly listed in Canada on the Canadian Securities Exchange (CSE) under the symbol APXC, in the United States on the OTCQX market under the symbol APXCF, and in Germany on the Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at www.apexcriticalmetals.com where you can subscribe for News Alerts, watch our Video, or follow us on Facebook, X.com or LinkedIn.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Talga Group Ltd. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Aug. 01, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Talga Group Ltd. (ASX: TLG; OTCQX: TLGRF), a leader in the development of sustainable battery materials, has qualified to trade on the OTCQX® Best Market. Talga Group Ltd. upgraded to OTCQX from the Pink® market.

    Talga Group Ltd. begins trading today on OTCQX under the symbol “TLGRF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    Talga Group CEO Martin Phillips commented, “To begin trading on the OTCQX is an important step in Talga’s growth strategy. It will provide North American investors with a convenient way to trade our shares and the OTCQX quotation enhances our exposure to the investment community in the US. We recently announced that a US patent is pending for our graphite battery anode material which paves the way for expansion of our operations in the future.”

    About Talga Group Ltd.
    Talga Group Ltd. (ASX:TLG) is a leader in the development of sustainable battery materials. Via innovative technology and vertical integration of our 100% owned Swedish graphite resources, Talga offers a secure supply of products critical to the green transition. Talga’s flagship product, Talnode-C, is a natural graphite anode material made using renewable energy for a low emissions footprint. Battery materials under development include an advanced silicon anode product, recycled graphite anode material and conductive additives for cathodes.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: TransAlta Reports Strong Second Quarter 2025 Results, Advancement of Strategic Priorities and Reaffirms Guidance

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Aug. 01, 2025 (GLOBE NEWSWIRE) — TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the second quarter ended June 30, 2025.

    “Our strong second quarter results illustrate the value of our diversified fleet and exceptional operational performance. Our Alberta portfolio’s hedging strategy and active asset optimization continued to generate realized prices well above spot prices while environmental credits generated by our hydro and wind assets significantly offset our gas fleet’s carbon price compliance obligation. While we continue to navigate a challenging Alberta price environment, our assets continue to perform well, and we remain confident in achieving our 2025 Outlook,” said John Kousinioris, President and Chief Executive Officer.

    “Our team remains focused on advancing our strategic priorities. We are pleased with the progress on our Alberta data centre strategy and the associated negotiations, which now reflect the Alberta Electric System Operator’s (AESO) approach to large load integration. The AESO currently expects Demand Transmission Service contracts to be executed in mid-September, which will secure each proponent’s access to system capacity. We continue to work closely with our counterparties and are progressing towards the execution of a data centre memorandum of understanding in relation to our system capacity allocation,” added Mr. Kousinioris.

    “Finally, we continue to progress negotiations on conversion opportunities at Centralia and are working towards executing a definitive agreement later this year with our customer for the full capacity of Centralia Unit 2.”

    Second Quarter 2025 Highlights

    • Achieved strong operational availability of 91.6 per cent in 2025, compared to 90.8 per cent in 2024
    • Adjusted EBITDA(1) of $349 million, compared to $316 million for the same period in 2024
    • Free Cash Flow (FCF)(1) of $177 million, or $0.60 per share, remained consistent with the same period in 2024
    • Adjusted earnings before income taxes(1) of $122 million, or $0.41 per share, compared to $112 million, or $0.37 per share, for the same period in 2024
    • Cash flow from operating activities of $157 million, or $0.53 per share, compared to $108 million, or $0.36 per share, from the same period in 2024
    • Net loss attributable to common shareholders(1) of $112 million, or $0.38 per share, compared to net earnings attributable to common shareholders of $56 million, or $0.18 per share, for the same period in 2024

    Second Quarter 2025 Operational and Financial Highlights

    $ millions, unless otherwise stated Three Months Ended Six Months Ended
    June 30,
    2025    		 June 30,
    2024    		 June 30,
    2025    		 June 30,
    2024
    Operational information        
    Availability (%) 91.6   90.8 93.3   91.5
    Production (GWh) 4,813   4,781 11,645   10,959
    Select financial information        
    Revenues 433   582 1,191   1,529
    Adjusted EBITDA(1) 349   316 619   658
    Adjusted earnings before income taxes(1) 122   112 150   256
    (Loss) earnings before income taxes (95 ) 94 (46 ) 361
    Adjusted net earnings after taxes attributable to common shareholders(1) 54   70 84   197
    Net (loss) earnings attributable to common shareholders (112 ) 56 (66 ) 278
    Cash flows        
    Cash flow from operating activities 157   108 164   352
    Funds from operations(1) 252   236 431   490
    Free cash flow(1) 177   177 316   398
    Per share        
    Adjusted net earnings attributable to common shareholders per share(1) 0.18   0.23 0.28   0.64
    Net (loss) earnings per share attributable to common shareholders, basic and diluted (0.38 ) 0.18 (0.22 ) 0.91
    Cash flow from operating activities per share 0.53   0.36 0.55   1.15
    Funds from operations per share(1) 0.85   0.78 1.45   1.60
    FCF per share(1) 0.60   0.58 1.06   1.30
    Dividends declared per common share —   0.06 0.07   0.06
    Weighted average number of common shares outstanding 297   303 297   306


    Segmented Financial Performance

    $ millions

    		 Three Months Ended Six Months Ended
    June 30,
    2025    		 June 30,
    2024    		 June 30,
    2025    		 June 30,
    2024
    Hydro 126   83   173   170  
    Wind and Solar 89   88   191   177  
    Gas 128   142   232   267  
    Energy Transition 19   2   56   29  
    Energy Marketing 26   39   47   78  
    Corporate (39 ) (38 ) (80 ) (63 )
    Total adjusted EBITDA(1)(2) 349   316   619   658  
    Adjusted earnings before income taxes(1) 122   112   150   256  
    (Loss) earnings before income taxes (95 ) 94   (46 ) 361  
    Adjusted net earnings attributable to common shareholders(1) 54   70   84   197  
    Net (loss) earnings attributable to common shareholders (112 ) 56   (66 ) 278  


    Key Business Developments

    Credit Facility Extension

    On July 16, 2025, the Company executed agreements to extend committed credit facilities totalling $2.1 billion with a syndicate of lenders. The revised agreements extend the maturity dates of the syndicated credit facility from June 30, 2028 to June 30, 2029 and the bilateral credit facilities from June 30, 2026 to June 30, 2027.

    Divestiture of Poplar Hill

    During the second quarter of 2025, the Company signed an agreement for the divestiture of the 48 MW Poplar Hill asset, as required by the consent agreement with the federal Competition Bureau and pursuant to the terms of the acquisition of Heartland Generation. Energy Capital Partners will be entitled to receive the proceeds from the sale of Poplar Hill, net of certain adjustments, following completion of the divestiture.

    Recontracting of Ontario Wind Facilities

    During the second quarter of 2025, the Company successfully recontracted its Melancthon 1, Melancthon 2 and Wolfe Island wind facilities through the Ontario Independent Electricity System Operator Five-Year Medium-Term 2 Energy Contract (MT2e). MT2e will replace current energy contracts for the three wind facilities when they expire, extending the contract dates until April 30, 2031, for Melancthon 1 and April 30, 2034, for Melancthon 2 and Wolfe Island.

    Normal Course Issuer Bid (NCIB)

    On May 27, 2025, the Company announced that it had received approval from the Toronto Stock Exchange to repurchase up to a maximum of 14 million common shares during the 12-month period that commenced May 31, 2025 and will terminate on May 30, 2026.

    On Feb. 19, 2025, the Company announced it was allocating up to $100 million to be returned to shareholders in the form of share repurchases.

    During the six months ended June 30, 2025, the Company purchased and cancelled a total of 1,932,800 common shares at an average price of $12.42 per common share, for a total cost of $24 million, including taxes.

    Conference call and webcast

    TransAlta will host a conference call and webcast at 9:00 a.m. MST (11:00 a.m. EST) today, August 1, 2025, to discuss our second quarter 2025 results. The call will begin with comments from John Kousinioris, President and Chief Executive Officer, and Joel Hunter, EVP Finance and Chief Financial Officer, followed by a question-and-answer period.

    Second Quarter 2025 Conference Call

    Webcast link: https://edge.media-server.com/mmc/p/zpy9addj

    To access the conference call via telephone, please register ahead of time using the call link here: https://register-conf.media-server.com/register/BI215de673b3704e0da46b2a02e0f35bb0. Once registered, participants will have the option of 1) dialing into the call from their phone (via a personalized PIN); or 2) clicking the “Call Me” option to receive an automated call directly to their phone.

    If you are unable to participate in the call, the replay will be accessible at https://edge.media-server.com/mmc/p/zpy9addj. A transcript of the broadcast will be posted on TransAlta’s website once it becomes available.

    Related Materials

    Related materials, including the consolidated financial statements and Management’s Discussion and Analysis (MD&A) will be available on the Investor Centre section of TransAlta’s website at https://transalta.com/investors/presentations-and-events/ and https://transalta.com/investors/results-reporting/ and have been filed under TransAlta Corporation’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.

    Notes

    1. These items (Adjusted EBITDA, adjusted earnings (loss) before income taxes, adjusted net earnings (loss) after income taxes attributable to common shareholders, funds from operations, free cash flow, adjusted net earnings attributable to common shareholders per share, funds from operations (FFO) per share and free cash flow (FCF) per share) are non-IFRS measures, which are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Presenting these items from period to period provides management and investors with the ability to evaluate earnings (loss) trends more readily in comparison with prior periods’ results. Please refer to the Non-IFRS financial measures section of this earnings release for further discussion of these items, including, where applicable, reconciliations to measures calculated in accordance with IFRS.
    2. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.

    Non-IFRS financial measures

    We use a number of financial measures to evaluate our performance and the performance of our business segments, including measures and ratios that are presented on a non-IFRS basis, as described below. Unless otherwise indicated, all amounts are in Canadian dollars and have been derived from our consolidated financial statements prepared in accordance with IFRS. We believe that these non-IFRS amounts, measures and ratios, read together with our IFRS amounts, provide readers with a better understanding of how management assesses results.

    Non-IFRS amounts, measures and ratios do not have standardized meanings under IFRS. They are unlikely to be comparable to similar measures presented by other companies and should not be viewed in isolation from, as an alternative to, or more meaningful than, our IFRS results.

    We calculate adjusted measures by adjusting certain IFRS measures for certain items we believe are not reflective of our ongoing operations in the period. Except as otherwise described, these adjusted measures are calculated on a consistent basis from period to period and are adjusted for specific items in each period, unless stated otherwise.

    Adjusted EBITDA

    Each business segment assumes responsibility for its operating results measured by adjusted EBITDA. Adjusted EBITDA is an important metric for management that represents our core operational results.

    During the first quarter of 2025, our adjusted EBITDA composition was amended to remove the impact of realized gain (loss) on closed exchange positions, which was included in adjusted EBITDA composition until the fourth quarter of 2024. The adjustment was intended to explain a timing difference between our internally and externally reported results and was useful at a time when markets were more volatile. The impact of realized gain (loss) on closed exchange positions was removed to simplify our reporting. Accordingly, the Company has applied this composition to all previously reported periods.

    During the first quarter of 2025, our adjusted EBITDA composition was amended to remove the impact of Australian interest income, which was included in adjusted EBITDA composition until the fourth quarter of 2024. Initially, on the commissioning of the South Hedland facility in July 2017, we prepaid approximately $74 million of electricity transmission and distribution costs. Interest income, which was recorded on the prepaid funds, was reclassified as a reduction in the transmission and distribution costs expensed each period to reflect the net cost to the business. The impact of Australian interest income was removed to simplify our reporting since the amounts were not material. Accordingly, the Company has applied this composition to all previously reported periods.

    Interest, taxes, depreciation and amortization are not included, as differences in accounting treatment may distort our core business results. In addition, certain reclassifications and adjustments are made to better assess results, excluding those items that may not be reflective of ongoing business performance. This presentation may facilitate the readers’ analysis of trends. The most directly comparable IFRS measure is earnings before income taxes.

    Adjusted Revenue

    Adjusted Revenues is Revenues (the most directly comparable IFRS measure) adjusted to exclude:

    The impact of unrealized mark-to-market gains or losses and unrealized foreign exchange gains or losses on commodity transactions.

    Certain assets that we own in Canada and Western Australia are fully contracted and recorded as finance leases under IFRS. We believe that it is more appropriate to reflect the payments we receive under the contracts as a capacity payment in our revenues instead of as finance lease income and a decrease in finance lease receivables.

    Revenues from the Planned Divestitures as they do not reflect ongoing business performance.

    Adjusted Fuel and Purchased Power

    Adjusted Fuel and Purchased Power is Fuel and Purchased Power (the most directly comparable IFRS measure) adjusted to exclude fuel and purchased power from the Planned Divestitures as it does not reflect ongoing business performance.

    Adjusted Gross Margin

    Adjusted gross margin is calculated as adjusted revenues less adjusted fuel and purchased power and carbon compliance costs, where adjustments to revenue or fuel and purchased power were applied as stated above. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment. The most directly comparable IFRS measure is gross margin in the consolidated statement of earnings.

    Adjusted OM&A

    Adjusted OM&A is OM&A (the most directly comparable IFRS measure) adjusted to exclude:

    Acquisition-related transaction and restructuring costs, mainly comprised of severance, legal and consultant fees as these do not reflect ongoing business performance.

    ERP integration costs representing planning, design and integration costs of upgrades to the existing ERP system as they represent project costs that do not occur on a regular basis, and therefore do not reflect ongoing performance.

    OM&A from the Planned Divestitures as it does not reflect ongoing business performance.

    Adjusted Net Other Operating Income

    Adjusted Net Other Operating Income is Net Other Operating Income (the most directly comparable IFRS measure) adjusted to exclude insurance recoveries related to the Kent Hills replacement costs of the tower collapse as these relate to investing activities and are not reflective of ongoing business performance.

    Adjustments to Earnings (Loss) in Addition to Interest, Taxes, Depreciation and Amortization

    • Fair value change in contingent consideration payable is not included as it is not reflective of ongoing business performance.
    • Asset impairment charges and reversals are not included as these are accounting adjustments that impact depreciation and amortization and do not reflect ongoing business performance.
    • Any gains or losses on asset sales or foreign exchange gains or losses are not included as these are not part of operating income.

    Adjustments for Equity-Accounted Investments

    • During the fourth quarter of 2020, we acquired a 49 per cent interest in the Skookumchuck wind facility, which is treated as an equity investment under IFRS and our proportionate share of the net earnings is reflected as equity income on the statement of earnings under IFRS. As this investment is part of our regular power-generating operations, we have included our proportionate share of adjusted EBITDA for the Skookumchuck wind facility in our total adjusted EBITDA. In addition, in the Wind and Solar adjusted results, we have included our proportionate share of revenues and expenses to reflect the full operational results of this investment. We have not included adjusted EBITDA of other equity-accounted investments in our total adjusted EBITDA as it does not represent our regular power-generating operations.

    Adjusted Earnings (Loss) before income taxes

    Adjusted earnings (loss) before income taxes represents segmented earnings (loss) adjusted for certain items that we believe do not reflect ongoing business performance and is an important metric for evaluating performance trends in each segment.

    For details of the adjustments made to earnings (loss) before income taxes (the most directly comparable IFRS measure) to calculate adjusted earnings (loss) before income taxes, refer to the Reconciliation of Non-IFRS Measures on a Consolidated Basis by Segment section of the MD&A.

    Adjusted Net Earnings (Loss) attributable to common shareholders

    Adjusted net earnings (loss) attributable to common shareholders represents net earnings (loss) attributable to common shareholders adjusted for specific reclassifications and adjustments and their tax impact, and is an important metric for evaluating performance. For details of the reclassifications and adjustments made to net earnings (loss) attributable to common shareholders (the most directly comparable IFRS measure), please refer to the reconciliation of net earnings (loss) to adjusted net earnings (loss) attributable to common shareholders in the Reconciliation of Non-IFRS Measures on a Consolidated Basis by Segment section of the MD&A.

    Adjusted Net Earnings (Loss) per common share attributable to common shareholders

    Adjusted net earning (loss) per common share attributable to common shareholders is calculated as adjusted net earnings (loss) attributable to common shareholders divided by a weighted average number of common shares outstanding during the period. The measure is useful in showing the earnings per common share for our core operational results as it excludes the impact of items that do not reflect an ongoing business performance. Adjusted net earnings (loss) attributable per common share is a non-IFRS ratio and the most directly comparable IFRS measure is net income (loss) per common share attributable to common shareholders. Refer to the reconciliation of earnings (loss) before income taxes to adjusted net earnings (loss) attributable to common shareholders in the Reconciliation of Non-IFRS Measures on a Consolidated Basis by Segment section of the MD&A.

    Funds From Operations (FFO)

    Represents a proxy for cash generated from operating activities before changes in working capital and provides the ability to evaluate cash flow trends in comparison with results from prior periods. FFO is calculated as cash flow from operating activities before changes in working capital and is adjusted for transactions and amounts that the Company believes are not representative of ongoing cash flows from operations.

    Free Cash Flow (FCF)

    Represents the amount of cash that is available to invest in growth initiatives, make scheduled principal debt repayments, repay maturing debt, pay common share dividends or repurchase common shares and provides the ability to evaluate cash flow trends in comparison with the results from prior periods. Changes in working capital are excluded so that FFO and FCF are not distorted by changes that we consider temporary in nature, reflecting, among other things, the impact of seasonal factors and timing of receipts and payments.

    Non-IFRS Ratios

    FFO per share, FCF per share and adjusted net debt to adjusted EBITDA are non-IFRS ratios that are presented in the MD&A. Refer to the Reconciliation of Cash Flow from Operations to FFO and FCF and Key Non-IFRS Financial Ratios sections of the MD&A for additional information.

    Net Interest Expense

    Net interest expense is calculated as total interest expense less total interest income and non-cash items. For detailed calculation refer to the table in the Reconciliation of Adjusted EBITDA to FFO and FCF section of this MD&A. Net Interest expense is a proxy for the actual cash interest paid that approximates the cash outflow in the FFO and FCF calculation. The most directly comparable IFRS measure is total interest expense.

    FFO per share and FCF per share

    FFO per share and FCF per share are calculated using the weighted average number of common shares outstanding during the period. FFO per share and FCF per share are non-IFRS ratios.

    Supplementary financial measures include available liquidity, carbon compliance per MWh, fuel cost per MWh, hedged power price average per MWh, realized foreign exchange loss, sustaining capital expenditures, the Alberta electricity portfolio metrics and unrealized foreign exchange loss (gain).

    Reconciliation of these non-IFRS financial measures to the most comparable IFRS measure are provided below.

    Reconciliation of Non-IFRS Measures on a Consolidated Basis by Segment

    The following table reflects adjusted EBITDA and adjusted earnings (loss) before income taxes by segment and provides reconciliation to earnings (loss) before income taxes for the three months ended June 30, 2025:

      Hydro Wind &
    Solar(1)    		 Gas Energy
    Transition    		 Energy
    Marketing    		 Corporate Total Equity-
    accounted
    investments(1)    		 Reclass
    adjustments    		 IFRS
    financials
    Revenues 129   59   204   73   38   (67 ) 436   (3 ) —   433  
    Reclassifications and adjustments:                  
    Unrealized mark-to-market (gain) loss 18   68   71   15   (2 ) —   170   —   (170 ) —  
    Decrease in finance lease receivable —   —   7   —   —   —   7   —   (7 ) —  
    Finance lease income —   2   3   —   —   —   5   —   (5 ) —  
    Revenues from Planned Divestitures —   —   (3 ) —   —   —   (3 ) —   3   —  
    Unrealized foreign exchange gain on commodity —   —   —   —   (2 ) —   (2 ) —   2   —  
    Adjusted revenue 147   129   282   88   34   (67 ) 613   (3 ) (177 ) 433  
    Fuel and purchased power 7   9   106   51   —   —   173   —   —   173  
    Reclassifications and adjustments:                    
    Fuel and purchased power related to Planned Divestitures —   —   (1 ) —   —   —   (1 ) —   1   —  
    Adjusted fuel and purchased power 7   9   105   51   —   —   172   —   1   173  
    Carbon compliance costs (recovery) —   1   (8 ) —   —   (67 ) (74 ) —   —   (74 )
    Adjusted gross margin 140   119   185   37   34   —   515   (3 ) (178 ) 334  
    OM&A 13   25   65   18   8   45   174   (1 ) —   173  
    Reclassifications and adjustments:                    
    OM&A related to Planned Divestitures —   —   (1 ) —   —   —   (1 ) —   1   —  
    ERP integration costs —   —   —   —   —   (6 ) (6 ) —   6   —  
    Acquisition-related transaction and restructuring costs —   —   —   —   —   (1 ) (1 ) —   1   —  
    Adjusted OM&A 13   25   64   18   8   38   166   (1 ) 8   173  
    Taxes, other than income taxes 1   5   5   —   —   1   12   —   —   12  
    Net other operating income —   —   (12 ) —   —   —   (12 ) —   —   (12 )
    Adjusted EBITDA(2) 126   89   128   19   26   (39 ) 349        
    Depreciation and amortization (8 ) (52 ) (74 ) (13 ) —   (4 ) (151 ) 1   —   (150 )
    Equity income —   —   —   —   —   —   —   —   1   1  
    Interest income —   —   —   —   —   7   7   (1 ) —   6  
    Interest expense —   —   —   —   —   (89 ) (89 ) 1   —   (88 )
    Realized foreign exchange gain —   —   —   —   —   6   6   —   —   6  
    Adjusted earnings (loss) before income taxes(2) 118   37   54   6   26   (119 ) 122        
    Reclassifications and adjustments above (18 ) (70 ) (80 ) (15 ) 4   (7 ) (186 )      
    Finance lease income —   2   3   —   —   —   5   —   —   5  
    Skookumchuk earnings reclass to Equity income(1) —   (1 ) —   —   —   1   —   —   —   —  
    Asset impairment charges —   —   —   (11 ) —   (2 ) (13 ) —   —   (13 )
    Unrealized foreign exchange loss —   —   —   —   —   (23 ) (23 ) —   —   (23 )
    Earnings (loss) before income taxes 100   (32 ) (23 ) (20 ) 30   (150 ) (95 ) —   —   (95 )
    1. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
    2. Adjusted EBITDA, adjusted earnings (loss) before income taxes are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.

    The following table reflects adjusted EBITDA and adjusted earnings (loss) before income taxes by segment and provides reconciliation to earnings (loss) before income taxes for the three months ended June 30, 2024:

      Hydro Wind &
    Solar(1)    		 Gas Energy
    Transition    		 Energy
    Marketing    		 Corporate Total Equity-
    accounted
    investments(1)    		 Reclass
    adjustments    		 IFRS
    financials
    Revenues 99   112   284   79   47   (34 ) 587   (5 ) —   582  
    Reclassifications and adjustments:                  
    Unrealized mark-to-market (gain) loss 1   8   10   (14 ) 1   —   6   —   (6 ) —  
    Decrease in finance lease receivable —   —   5   —   —   —   5   —   (5 ) —  
    Finance lease income —   2   2   —   —   —   4   —   (4 ) —  
    Unrealized foreign exchange gain on commodity —   —   (1 ) —   —   —   (1 ) —   1   —  
    Adjusted revenue 100   122   300   65   48   (34 ) 601   (5 ) (14 ) 582  
    Fuel and purchased power 3   8   97   46   —   —   154   —   —   154  
    Carbon compliance costs (recovery) —   —   26   —   —   (34 ) (8 ) —   —   (8 )
    Adjusted gross margin 97   114   177   19   48   —   455   (5 ) (14 ) 436  
    OM&A 13   24   42   15   9   42   145   (1 ) —   144  
    Reclassifications and adjustments:                  
    Acquisition-related transaction and restructuring costs —   —   —   —   —   (4 ) (4 ) —   4   —  
    Adjusted OM&A 13   24   42   15   9   38   141   (1 ) 4   144  
    Taxes, other than income taxes 1   4   3   2   —   —   10   (1 ) —   9  
    Net other operating income —   (2 ) (10 ) —   —   —   (12 ) —   —   (12 )
    Adjusted EBITDA(2)(3) 83   88   142   2   39   (38 ) 316   —   —   —  
    Depreciation and amortization (8 ) (47 ) (56 ) (15 ) (1 ) (5 ) (132 ) 1   —   (131 )
    Equity income —   —   —   —   —   1   1   —   2   3  
    Interest income —   —   —   —   —   8   8   —   —   8  
    Interest expense —   —   —   —   —   (80 ) (80 ) —   —   (80 )
    Realized foreign exchange loss(3) —   —   —   —   —   (1 ) (1 ) —   —   (1 )
    Adjusted earnings (loss) before income taxes(2) 75   41   86   (13 ) 38   (115 ) 112   —   —   —  
    Reclassifications and adjustments above (1 ) (10 ) (16 ) 14   (1 ) (4 ) (18 ) —   —   —  
    Finance lease income —   2   2   —   —   —   4   —   —   4  
    Skookumchuk earnings reclass to Equity income(1) —   (2 ) —   —   —   2   —   —   —   —  
    Asset impairment (charges) reversals —   (1 ) —   1   —   (5 ) (5 ) —   —   (5 )
    Gain on sale of assets and other(3) —   —   —   1   —   —   1   —   —   1  
    Unrealized foreign exchange loss(3) —   —   —   —   —   (1 ) (1 ) —   —   (1 )
    Earnings (loss) before income taxes 74   30   72   3   37   (122 ) 94   —   —   94  
    1. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
    2. Adjusted EBITDA, adjusted earnings (loss) before income taxes are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.
    3. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods.

    The following table reflects adjusted EBITDA and adjusted earnings (loss) before income taxes by segment and provides reconciliation to earnings (loss) before income taxes for the six months ended June 30, 2025:

      Hydro Wind &
    Solar(1)    		 Gas Energy
    Transition    		 Energy
    Marketing    		 Corporate Total Equity-
    accounted
    investments(1)    		 Reclass
    adjustments    		 IFRS
    financials
    Revenues 215   166   594   227   65   (66 ) 1,201   (10 ) —   1,191  
    Reclassifications and adjustments:                  
    Unrealized mark-to-market (gain) loss (3 ) 104   39   14   (1 ) —   153   —   (153 ) —  
    Decrease in finance lease receivable —   1   14   —   —   —   15   —   (15 ) —  
    Finance lease income —   3   8   —   —   —   11   —   (11 ) —  
    Revenues from Planned Divestitures —   —   (7 ) —   —   —   (7 ) —   7   —  
    Unrealized foreign exchange gain on commodity —   —   —   —   (2 ) —   (2 ) —   2   —  
    Adjusted revenue 212   274   648   241   62   (66 ) 1,371   (10 ) (170 ) 1,191  
    Fuel and purchased power 11   19   269   149   —   2   450   —   —   450  
    Reclassifications and adjustments:                  
    Fuel and purchased power related to Planned Divestitures —   —   (3 ) —   —   —   (3 ) —   3   —  
    Adjusted fuel and purchased power 11   19   266   149   —   2   447   —   3   450  
    Carbon compliance costs (recovery) —   2   41   —   —   (68 ) (25 ) —   —   (25 )
    Adjusted gross margin 201   253   341   92   62   —   949   (10 ) (173 ) 766  
    OM&A 26   54   124   35   15   94   348   (2 ) —   346  
    Reclassifications and adjustments:                  
    OM&A related to Planned Divestitures —   —   (3 ) —   —   —   (3 ) —   3   —  
    ERP integration costs —   —   —   —   —   (10 ) (10 ) —   10   —  
    Acquisition-related transaction and restructuring costs —   —   —   —   —   (5 ) (5 ) —   5   —  
    Adjusted OM&A 26   54   121   35   15   79   330   (2 ) 18   346  
    Taxes, other than income taxes 2   10   10   1   —   1   24   —   —   24  
    Net other operating income —   (4 ) (22 ) —   —   —   (26 ) —   —   (26 )
    Reclassifications and adjustments:                  
    Insurance recovery —   2   —   —   —   —   2   —   (2 ) —  
    Adjusted net other operating income —   (2 ) (22 ) —   —   —   (24 ) —   (2 ) (26 )
    Adjusted EBITDA(2) 173   191   232   56   47   (80 ) 619        
    Depreciation and amortization (17 ) (105 ) (138 ) (28 ) (2 ) (9 ) (299 ) 3   —   (296 )
    Equity income —   —   —   —   —   (1 ) (1 ) —   4   3  
    Interest income —   —   —   —   —   12   12   (1 ) —   11  
    Interest expense —   —   —   —   —   (183 ) (183 ) 2   —   (181 )
    Realized foreign exchange gain —   —   —   —   —   2   2   —   —   2  
    Adjusted earnings (loss) before income taxes(2) 156   86   94   28   45   (259 ) 150        
    Reclassifications and adjustments above 3   (106 ) (60 ) (14 ) 3   (15 ) (189 )      
    Finance lease income —   3   8   —   —   —   11   —   —   11  
    Skookumchuk earnings reclass to Equity income(1) —   (4 ) —   —   —   4   —   —   —   —  
    Fair value change in contingent consideration payable —   —   34   —   —   —   34   —   —   34  
    Asset impairment (charges) reversals —   —   (34 ) 13   —   (7 ) (28 ) —   —   (28 )
    Loss on sale of assets and other —   —   —   —   —   (1 ) (1 ) —   —   (1 )
    Unrealized foreign exchange loss —   —   —   —   —   (23 ) (23 ) —   —   (23 )
    Earnings (loss) before income taxes 159   (21 ) 42   27   48   (301 ) (46 ) —   —   (46 )
    1. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
    2. Adjusted EBITDA, adjusted earnings (loss) before income taxes are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.

    The following table reflects adjusted EBITDA and adjusted earnings (loss) before income taxes by segment and provides reconciliation to earnings (loss) before income taxes for the six months ended June 30, 2024:

      Hydro Wind &
    Solar(1)    		 Gas Energy
    Transition    		 Energy
    Marketing    		 Corporate Total Equity-
    accounted
    investments(1)    		 Reclass
    adjustments    		 IFRS
    financials
    Revenues 211   251   717   296   99   (34 ) 1,540   (11 ) —   1,529  
    Reclassifications and adjustments:                  
    Unrealized mark-to-market (gain) loss (4 ) (13 ) (81 ) (20 ) (2 ) —   (120 ) —   120   —  
    Decrease in finance lease receivable —   1   9   —   —   —   10   —   (10 ) —  
    Finance lease income —   3   3   —   —   —   6   —   (6 ) —  
    Unrealized foreign exchange gain on commodity —   —   (2 ) —   —   —   (2 ) —   2   —  
    Adjusted revenue 207   242   646   276   97   (34 ) 1,434   (11 ) 106   1,529  
    Fuel and purchased power 9   17   239   212   —   —   477   —   —   477  
    Carbon compliance costs (recovery) —   —   66   —   —   (34 ) 32   —   —   32  
    Adjusted gross margin 198   225   341   64   97   —   925   (11 ) 106   1,020  
    OM&A 26   44   88   33   19   70   280   (2 ) —   278  
    Reclassifications and adjustments:                  
    Acquisition-related transaction and restructuring costs —   —   —   —   —   (7 ) (7 ) —   7   —  
    Adjusted OM&A 26   44   88   33   19   63   273   (2 ) 7   278  
    Taxes, other than income taxes 2   8   6   2   —   —   18   (1 ) —   17  
    Net other operating income —   (4 ) (20 ) —   —   —   (24 ) —   —   (24 )
    Adjusted EBITDA(2)(3) 170   177   267   29   78   (63 ) 658        
    Depreciation and amortization (15 ) (90 ) (111 ) (31 ) (2 ) (9 ) (258 ) 3   —   (255 )
    Equity income —   —   —   —   —   (1 ) (1 ) —   5   4  
    Interest income —   —   —   —   —   15   15   —   —   15  
    Interest expense —   —   —   —   —   (149 ) (149 ) —   —   (149 )
    Realized foreign exchange loss(4) —   —   —   —   —   (9 ) (9 ) —   —   (9 )
    Adjusted earnings (loss) before income taxes(2) 155   87   156   (2 ) 76   (216 ) 256        
    Reclassifications and adjustments above 4   9   71   20   2   (7 ) 99        
    Finance lease income —   3   3   —   —   —   6   —   —   6  
    Skookumchuk earnings reclass to Equity income(1) —   (5 ) —   —   —   5   —   —   —   —  
    Asset impairment (charges) reversals —   (5 ) —   4   —   (5 ) (6 ) —   —   (6 )
    Gain on sale of assets and other(4) —   —   —   1   —   2   3   —   —   3  
    Unrealized foreign exchange gain(4) —   —   —   —   —   3   3   —   —   3  
    Earnings (loss) before income taxes 159   89   230   23   78   (218 ) 361   —   —   361  
    1. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
    2. Adjusted EBITDA, adjusted earnings (loss) before income taxes are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.
    3. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods.

    Reconciliation of Earnings Before Income Taxes to Adjusted Net Earnings attributable to common shareholders

    The following table reflects reconciliation of (loss) earnings before income taxes to adjusted net earnings attributable to common shareholders for the three and six months ended June 30, 2025 and June 30, 2024:

      Three months ended
    June 30    		 Six months ended
    June 30
      2025   2024   2025   2024  
    (Loss) earnings before income taxes (95 ) 94   (46 ) 361  
    Income tax expense 11   28   18   57  
    Net (loss) earnings (106 ) 66   (64 ) 304  
    Net (loss) earnings attributable to non-controlling interests (7 ) (3 ) (11 ) 13  
    Preferred share dividends 13   13   13   13  
    Net (loss) earnings attributable to common shareholders (112 ) 56   (66 ) 278  
    Adjustments and reclassifications (pre-tax):        
    Adjustments and reclassifications to Revenues 177   14   170   (106 )
    Adjustments and reclassifications to Fuel and purchased power 1   —   3   —  
    Adjustments and reclassifications to OM&A 8   4   18   7  
    Adjustments and reclassifications to Net other operating income —   —   (2 ) —  
    Fair value change in contingent consideration payable (gain) —   —   (34 ) —  
    Finance lease income (5 ) (4 ) (11 ) (6 )
    Asset impairment charges 13   5   28   6  
    Loss (gain) on sale of assets and other —   (1 ) 1   (3 )
    Unrealized foreign exchange loss (gain)(1) 23   —   23   (3 )
    Calculated tax (expense) recovery on adjustments and reclassifications(2) (51 ) (4 ) (46 ) 24  
    Adjusted net earnings attributable to common shareholders(3) 54   70   84   197  
    Weighted average number of common shares outstanding in the period 297   303   297   306  
    Net (loss) income per common share attributable to common shareholders (0.38 ) 0.18   (0.22 ) 0.91  
    Adjustments and reclassifications (net of tax) 0.56   0.05   0.50   (0.26 )
    Adjusted net earnings per common share attributable to common shareholders(3) 0.18   0.23   0.28   0.64  
    1. Unrealized foreign exchange (loss) gain is a supplementary financial measure. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this MD&A for more details.
    2. Represents a theoretical tax calculated by applying the Company’s consolidated effective tax rate of 23.3 per cent for the three and six months ended June 30, 2025 (three and six months ended June 30, 2024 — 23.3 per cent). The amount does not take into account the impact of different tax jurisdictions the Company’s operations are domiciled and does not include the impact of deferred taxes.
    3. Adjusted net earnings attributable to common shareholders and Adjusted net earnings per common share attributable to common shareholders are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. The most directly comparable IFRS measures are net earnings attributable to common shareholders and net earnings per share attributable to common shareholders, basic and diluted. Refer to the Non-IFRS financial measures section in this earnings release for more details.

    Reconciliation of cash flow from operations to FFO and FCF

    The table below reconciles our cash flow from operating activities to our FFO and FCF:

      Three months ended
    June 30    		 Six months ended
    June 30
      2025   2024   2025   2024  
    Cash flow from operating activities(1) 157   108   164   352  
    Change in non-cash operating working capital balances 81   114   198   107  
    Cash flow from operations before changes in working capital 238   222   362   459  
    Adjustments        
    Share of adjusted FFO from joint venture(1) 1   2   3   4  
    Decrease in finance lease receivable 7   5   15   10  
    Clean energy transition provisions and adjustments —   2   —   2  
    Brazeau penalties payment —   —   33   —  
    Acquisition-related transaction and restructuring costs 2   4   8   7  
    Other(2) 4   1   10   8  
    FFO(3) 252   236   431   490  
    Deduct:        
    Sustaining capital expenditures(1) (57 ) (40 ) (80 ) (40 )
    Dividends paid on preferred shares (13 ) (13 ) (26 ) (26 )
    Distributions paid to subsidiaries’ non-controlling interests (2 ) (5 ) (2 ) (24 )
    Principal payments on lease liabilities —   (1 ) (1 ) (2 )
    Other (3 ) —   (6 ) —  
    FCF(3) 177   177   316   398  
    Weighted average number of common shares outstanding in the period 297   303   297   306  
    Cash flow from operating activities per share 0.53   0.36   0.55   1.15  
    FFO per share(3) 0.85   0.78   1.45   1.60  
    FCF per share(3) 0.60   0.58   1.06   1.30  
    1. Includes our share of amounts for the Skookumchuck wind facility, an equity-accounted joint venture.
    2. Other consists of production tax credits, which is a reduction to tax equity debt, less distributions from an equity-accounted joint venture.
    3. These items are not defined and have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods. Refer to the Non-IFRS financial measures and other specified financial measures section in this earnings release.

    The table below provides a reconciliation of our adjusted EBITDA to our FFO and FCF:

      Three months ended
    June 30    		 Six months ended
    June 30
    $ millions, unless otherwise stated 2025   2024   2025   2024  
    Adjusted EBITDA(1)(5) 349   316   619   658  
    Provisions (2 ) 6   6   6  
    Net interest expense(2) (66 ) (57 ) (138 ) (105 )
    Current income tax expense (46 ) (33 ) (59 ) (60 )
    Realized foreign exchange gain (loss)(3) 4   (1 ) 2   (9 )
    Decommissioning and restoration costs settled (11 ) (12 ) (20 ) (19 )
    Other non-cash items 24   17   21   19  
    FFO(4)(5) 252   236   431   490  
    Deduct:        
    Sustaining capital expenditures(3)(5) (57 ) (40 ) (80 ) (40 )
    Dividends paid on preferred shares (13 ) (13 ) (26 ) (26 )
    Distributions paid to subsidiaries’ non-controlling interests (2 ) (5 ) (2 ) (24 )
    Principal payments on lease liabilities —   (1 ) (1 ) (2 )
    Other (3 ) —   (6 ) —  
    FCF(4)(5) 177   177   316   398  
    1. Adjusted EBITDA is defined in the Additional IFRS Measures and Non-IFRS Measures of this earnings release and reconciled to earnings (loss) before income taxes above. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods.
    2. Net interest expense is a non-IFRS measure, is not defined and has no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the table below for detailed calculation.
    3. Supplementary financial measure. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.
    4. These items are not defined and have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. FFO and FCF are defined in the Non-IFRS financial measures and other specified financial measures section in this earnings release and reconciled to cash flow from operating activities above.
    5. Includes our share of amounts for Skookumchuck wind facility, an equity-accounted joint venture.

    Net interest expense in the reconciliation of our adjusted EBITDA to our FFO and FCF is calculated as follows:

      Three months ended
    June 30    		 Six months ended
    June 30
      2025   2024   2025   2024  
    Interest expense 88   80   181   149  
    Less: Interest Income (6 ) (8 ) (11 ) (15 )
    Less: non-cash items(1) (16 ) (15 ) (32 ) (29 )
    Net Interest Expense 66   57   138   105  
    1. Non-cash items include accretion of provisions, financing cost amortization and other non-cash items.

    TransAlta is in the process of filing its unaudited interim Consolidated Financial Statements and accompanying notes, as well as the associated Management’s Discussion & Analysis (MD&A). These documents will be available today on the Investors section of TransAlta’s website at www.transalta.com or through SEDAR at www.sedarplus.ca.

    About TransAlta Corporation:

    TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 70 per cent reduction in GHG emissions or 22.7 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA.

    For more information about TransAlta, visit our web site at transalta.com.

    Cautionary Statement Regarding Forward-Looking Information

    This news release includes “forward-looking information,” within the meaning of applicable Canadian securities laws, and “forward-looking statements,” within the meaning of applicable United States securities laws, including the Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking statements”). Forward-looking statements are not facts, but only predictions and generally can be identified by the use of statements that include phrases such as “may”, “will”, “can”, “could”, “would”, “shall”, “believe”, “expect”, “estimate”, “anticipate”, “intend”, “plan”, “forecast”, “foresee”, “potential”, “enable”, “continue” or other comparable terminology. These statements are not guarantees of our future performance, events or results and are subject to risks, uncertainties and other important factors that could cause our actual performance, events or results to be materially different from those set out in or implied by the forward-looking statements. In particular, this news release contains forward-looking statements about the following, among other things: the strategic objectives of the Company and that the execution of the Company’s strategy will realize value for shareholders; our capital allocation and financing strategy; our sustainability goals and targets, including those in our 2024 Sustainability Report; our 2025 Outlook; our financial and operational performance, including our hedge position; optimizing and diversifying our existing assets; the increasingly contracted nature of our fleet; expectations about strategies for growth and expansion; data centre opportunities, including the AESO’s expectation around the timing of execution of Demand Transmission Service contracts and entering into a data centre memorandum of understanding; opportunities for Centralia redevelopment, including the execution of a definitive agreement with our customer for the full capacity of Centralia Unit 2; expectations regarding ongoing and future transactions, including the sale of Poplar Hill; expected costs and schedules for planned projects; expected regulatory processes and outcomes, including in relation to the Alberta restructured energy market; the completion and closing of acquisition and divestiture transactions which are subject to customary closing terms and conditions, the power generation industry and the supply and demand of electricity; the cyclicality of our business; expected outcomes with respect to legal proceedings; the expected impact of future tax and accounting changes; and expected industry, market and economic conditions.

    The forward-looking statements contained in this news release are based on many assumptions including, but not limited to, the following: no significant changes to applicable laws and regulations; no unexpected delays in obtaining required regulatory approvals; no material adverse impacts to investment and credit markets; no significant changes to power price and hedging assumptions; no significant changes to gas commodity price assumptions and transport costs; no significant changes to interest rates; no significant changes to the demand and growth of renewables generation; no significant changes to the integrity and reliability of our facilities; no significant changes to the Company’s debt and credit ratings; no unforeseen changes to economic and market conditions; no significant event occurring outside the ordinary course of business; and realization of expected impacts from ongoing and future transactions.

    These assumptions are based on information currently available to TransAlta, including information obtained from third-party sources. Actual results may differ materially from those predicted. Factors that may adversely impact what is expressed or implied by forward-looking statements contained in this news release include, but are not limited to: fluctuations in power prices; changes in supply and demand for electricity; our ability to contract our electricity generation for prices that will provide expected returns; our ability to replace contracts as they expire; risks associated with development projects and acquisitions; failure to complete divestitures on the terms and conditions specified or at all; any difficulty raising needed capital in the future on reasonable terms or at all; our ability to achieve our targets relating to ESG; long-term commitments on gas transportation capacity that may not be fully utilized over time; changes to the legislative, regulatory and political environments; environmental requirements and changes in, or liabilities under, these requirements; operational risks involving our facilities, including unplanned outages and equipment failure; disruptions in the transmission and distribution of electricity; reductions in production; impairments and/or writedowns of assets; adverse impacts on our information technology systems and our internal control systems, including increased cybersecurity threats; commodity risk management and energy trading risks; reduced labour availability and ability to continue to staff our operations and facilities; disruptions to our supply chains; climate-change related risks; reductions to our generating units’ relative efficiency or capacity factors; general economic risks, including deterioration of equity and debt markets, increasing interest rates or rising inflation; general domestic and international economic and political developments, including potential trade tariffs; industry risk and competition; counterparty credit risk; inadequacy or unavailability of insurance coverage; increases in the Company’s income taxes and any risk of reassessments; legal, regulatory and contractual disputes and proceedings involving the Company; reliance on key personnel; and labour relations matters.

    The foregoing risk factors, among others, are described in further detail under the heading “Governance and Risk Management” in the MD&A, which section is incorporated by reference herein.

    Readers are urged to consider these factors carefully when evaluating the forward-looking statements and are cautioned not to place undue reliance on them. The forward-looking statements included in this news release are made only as of the date hereof and we do not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise, except as required by applicable laws. The purpose of the financial outlooks contained herein is to give the reader information about management’s current expectations and plans and readers are cautioned that such information may not be appropriate for other purposes.

    Note: All financial figures are in Canadian dollars unless otherwise indicated.

    For more information:

    Investor Inquiries: Media Inquiries:
    Phone: 1-800-387-3598 in Canada and U.S. Phone: 1-855-255-9184
    Email: investor_relations@transalta.com Email: ta_media_relations@transalta.com

    The MIL Network –

  • MIL-Evening Report: ‘Glorious’ sisters showcase Auckland’s Polynesian experiences for tourists

    By Torika Tokalau, Local Democracy Reporter

    The sisters running Auckland’s first authentic Polynesian show for tourists say it’s not just for visitors, but also to help uplift Pacific people.

    Louisa Tipene Opetaia and Ama Mosese’s Glorious Tours was pooled as one of 10 new “Treasures of Tāmaki Makaurau”: a go-to guide by Tātaki Auckland Unlimited (TAU) for local Māori tourism.

    Their tour tells the story of how Auckland became the biggest Polynesian city in the world, and often starts with a drop in at a Pacific or Māori-owned cafe, a guided hīkoi up the Māngere mountain, hangi lunch, a haka show at the museum, then end with a kava-drinking experience.

    LOCAL DEMOCRACY REPORTING

    The tour, which has been running for a year, aims to give visitors an Auckland experience through local eyes, with Māori-led journeys and dining events.

    Opetaia said before they started their tour, tourists were travelling to Rotorua for a Pacific cultural experience.

    The only other regular Polynesian show for tourists in Auckland was at Auckland Museum, where there was a daily haka show.

    “We have rich culture gold in south Auckland,” she said.

    “All tourists fly here, in our backyard and we wanted to offer them something right here.”

    The sisters, who are of Māori and Samoan heritage, call themselves “cultural connectors”.

    ‘The space was lacking’
    “We’ve been working for these other companies for some time, some of them not even New Zealand-owned. And we felt we were the face of these companies but behind the scenes it wasn’t a local or Māori or indigenous business.

    “We decided to step into this space that we saw was lacking, and offer authentic indigenous cultural experiences here in Tāmaki Makaurau — the biggest Polynesian city in the world.”

    Glorious Tours is based out of Naumi Hotel, near the Auckland Airport in Māngere.

    “We tailor it to what they want, so if they like shopping we take them to places where they can buy authentic Pacific goods, or we take them to our local gallery in Māngere.

    This month, the sisters will launch a Polynesian dinner and dance show in Māngere, featuring local schools.

    “It’s not just for the tourists, it’s for our own people. Our kaupapa is to uplift our local people, especially our rangatahi.”

    TAU director of Māori outcomes Helen Te Hira said Treasures of Tāmaki Makaurau plays a vital role in ensuring Māori culture, businesses and leadership are central to the way Tāmaki Makaurau is experienced by visitors.

    “Every business on this platform brings something unique — a sense of purpose, cultural depth and creative excellence.”

    LDR is local body journalism co-funded by RNZ and NZ On Air. Asia Pacific Report is a partner.

    MIL OSI Analysis – EveningReport.nz –

  • Indian stock markets end lower as India-US trade deal stalls

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets ended in negative territory on Friday after the announcement of fresh tariffs by the United States on imports from India. The 25 per cent tariff declaration by US President Donald Trump impacted investor sentiment, leading to broad-based selling across sectors.

    The BSE Sensex declined by 585.67 points or 0.72 per cent to close at 80,599.91. The index opened lower at 81,074.41 and continued to face pressure throughout the session, touching an intra-day low of 80,495.57. The NSE Nifty also witnessed a decline of 203 points or 0.82 per cent, ending at 24,565.35.

    Major drag was seen in the Pharma, IT, and Auto sectors. Stocks such as Tata Steel, Maruti Suzuki, Infosys, Tata Motors, Tech Mahindra, Bharti Airtel, BEL, Bajaj FinServ, ICICI Bank, HCL Tech, Mahindra and Mahindra, and TCS were among the top losers on the Sensex. However, select stocks like Trent, Asian Paints, Hindustan Unilever, and ITC ended the session in green.

    On the sectoral front, Nifty Pharma declined 3.33 per cent, followed by Nifty IT which was down 1.85 per cent, and Nifty Auto which slipped 1.04 per cent. Nifty Bank ended 0.62 per cent lower. Meanwhile, Nifty FMCG bucked the trend to close in green with a gain of 384 points.

    The broader market also mirrored the benchmark indices. Nifty Midcap 100 fell by 1.33 per cent, Nifty Smallcap 100 declined by 1.66 per cent, and Nifty 100 ended 0.91 per cent lower.

    According to market analysts, the markets extended their corrective phase amid concerns over global trade tensions and ongoing foreign fund outflows. “Markets continue to grapple with a mixed earnings season, while the recent tariff announcement and persistent foreign fund outflows are further weighing on sentiment,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.

    Technical analysts also cautioned about key support levels. “A further decline is likely if Nifty slips below 24,400. On the upside, resistance is expected at 24,600–24,650 and 24,850,” said Rupak De, Senior Technical Analyst at LKP Securities.

    -IANS

  • India Post Payments Bank launches Aadhaar-based face authentication for digital transactions

    Source: Government of India

    Source: Government of India (4)

    The India Post Payments Bank (IPPB) on Friday announced the nationwide rollout of Aadhaar-based face authentication for customer transactions, a move aimed at enhancing ease of access and financial inclusion for the elderly, differently-abled and those facing biometric authentication issues.

    Developed under the framework of the Unique Identification Authority of India (UIDAI), the feature enables customers to carry out banking services using facial recognition, eliminating the need for physical biometrics like fingerprints or one-time passwords (OTPs).

    “This is not just a technological enhancement but a commitment to dignified and inclusive banking,” said IPPB Managing Director and CEO R Viswesvaran. “With Aadhaar-based face authentication, we are ensuring that no customer is left behind due to limitations in fingerprint or OTP-based verification.”

    The feature supports a range of services including account opening, balance inquiries, fund transfers, and utility payments. It is expected to make banking faster, contactless, and safer—especially during health emergencies where physical contact poses risks.

    The IPPB said the new authentication system aligns with the government’s Digital India and Financial Inclusion missions. Customers across rural and urban India will benefit, particularly those with worn-out fingerprints or limited access to smartphones.

    The bank, established in 2018 under the Department of Posts, Ministry of Communications, operates through a vast network of around 1.65 lakh post offices and over 3 lakh postal employees. Its digital model leverages India Stack technologies to offer paperless and presence-less banking services at the doorstep, serving over 11 crore customers across 5.57 lakh villages and towns.

  • MIL-OSI: HTX Hot Listings Weekly Recap (July 21 – 28): SOL Memes & ETH DeFi Drive Market Surge, New Assets on HTX Post Impressive  Gains

    Source: GlobeNewswire (MIL-OSI)

    HTX Hot Listings Weekly Recap

    PANAMA CITY, Aug. 01, 2025 (GLOBE NEWSWIRE) — HTX, a leading global crypto exchange, reported robust performance from newly listed assets during the week of July 21 to July 28. Amid ongoing regulatory discussions and evolving technological narratives across the global crypto landscape, HTX’s new listings saw notable growth, driven primarily by the Solana meme coin and Ethereum DeFi ecosystems. Several assets posted market-leading gains, delivering substantial wealth effects for users.

    Solana Meme Mania: VINE and ANI Take the Spotlight

    Solana’s meme coin segment stood out with the strongest performance. Known for their vibrant communities and low barriers to entry, meme coins are often highly volatile and driven by market sentiment. The recent surge reflected both Solana’s high-performance, low-cost infrastructure and investors’ growing appetite for fresh narratives.

    • Vine Coin (VINE): Exploded with a 234% increase this week. Vine, originally a-popular short video sharing platform launched in 2012, quickly amassed a massive user base before being shut down by its parent company, Twitter (now X), in 2017. However, on January 18, 2025, Elon Musk announced he was “considering” VINE’s return, leading to a significant rally for the meme coin launched by VINE’s CEO, @rus.
    • Ani Grok Companion (ANI): Jumped 196%. This AI-focused token blends “gooning” memes with the Grok character, linked to xAI and Elon Musk, creating a unique blend of trending AI topics and playful community engagement.
    • Pudgy Penguins (PENGU): Continued its strong momentum with a 38% increase. PENGU generates revenue through a wide array of toys and merchandise, now available at major retailers such as Walmart and Target. Notably, it’s the first crypto-native brand to break into these mass retail markets, highlighting its lasting market appeal and status as a stable representative within the Meme asset space.

    BSC Ecosystem Flourishes: DONKEY and LISTA Rise

    Outside the Solana Meme frenzy, the BNB Smart Chain (BSC) ecosystem also excelled with impressive performances.

    • DONKEY: A rising star in the BSC Meme sector, recorded an astounding 164% gain. This highlights the BSC community’s ongoing enthusiasm for lighthearted, community-driven assets.  The meme itself originated from CZ’s playful post, “I am a donkey”—a symbol of diligence in Chinese culture, representing those who work hard.
    •  Lista DAO (LISTA): A prominent BSC DeFi asset, rose by 83%. Lista DAO is a decentralized stablecoin lending protocol powered by LSDfi. It allows users to stake, liquid stake, and borrow lisUSD against various decentralized collateral. Lista aims to make lisUSD a leading stablecoin in the crypto space through innovative liquid staking solutions.

    ETH DeFi and RWA Narratives Heat Up: SPK Shines

    The Ethereum DeFi sector also had a strong week, with established blue-chip projects and emerging ventures rebounding. Additionally, investment interest in the Real World Assets (RWA) sector accelerated, driven by the rising trend of tokenizing traditional financial assets.

    • Spark (SPK): Topped this ecosystem’s gainers, up 125%. Spark is an on-chain capital allocator that has deployed $3.86 billion across DeFi, CeFi, and RWA sectors. It significantly boosts capital efficiency by automatically and dynamically adjusting asset allocation based on market conditions, all while maintaining a cautious risk profile.
    • RESOLV surged 37%, Maple Finance (SYRUP) rose 33%, and Convex Finance (CVX) gained 32%, all posting notable increases. Established projects like CVX benefited from the anticipated restructuring of the Curve ecosystem, while newer assets such as SYRUP and RESOLV saw momentum driven by changes to liquidity mining and incentive mechanisms.
    • Ethena (ENA), an RWA project, climbed 34%. Ethena is a synthetic dollar protocol built on Ethereum, designed to offer a crypto-native currency solution that operates independently of traditional banking system infrastructure.

    HTX Hot Token Listing Winners

    New Asset Performance Underscores Platform’s Wealth-Generating Potential

    Overall, wealth generation on HTX remain pronounced this week, driven by hot narratives and multi-ecosystem synergy. Ten assets on HTX surged by over 30%, with five exceeding 50% gains. The combined momentum from hot SOL Meme assets and the resurgence of the ETH DeFi ecosystem undeniably reinforced HTX’s reputation for generating significant wealth for its users.

    As the global crypto market narratives continue to evolve, Meme culture, DeFi innovation, and RWA applications will remain crucial growth engines to watch. Looking ahead, HTX is committed to continually deepening its industry-leading foresight, empowering users to participate in popular sectors at the earliest opportunity and capitalize on industry dividends. HTX will stand by its global users, helping them navigate market fluctuations and uncover new opportunities in every cycle.

    About HTX

    Founded in 2013, HTX（formerly Huobi）has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit https://www.htx.com/ or HTX Square, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/53598de3-a556-4050-b5e9-5e55e765674e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b011ab4d-49de-4c9e-9a63-f40d562611e4

    The MIL Network –

  • CEO Tim Cook says Apple ready to open its wallet to catch up in AI

    Source: Government of India

    Source: Government of India (4)

    Apple CEO Tim Cook signaled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centers or buying a larger player in the segment, a departure from a long practice of fiscal frugality.

    Apple has struggled to keep pace with rivals such as Microsoft  and Alphabet’s Google, both of which have attracted hundreds of millions of users to their AI-powered chatbots and assistants. That growth has come at a steep cost, however, with Google planning to spend $85 billion over the next year and Microsoft on track to spend more than $100 billion, mostly on data centers.

    Apple, in contrast, has leaned on outside data center providers to handle some of its cloud computing work, and despite a high-profile partnership with ChatGPT creator OpenAI for certain iPhone features, has tried to grow much of its AI technology in-house, including improvements to its Siri virtual assistant. The results have been rocky, with the company delaying its Siri improvements until next year.

    During a conference call after Apple‘s fiscal third-quarter results, analysts noted that Apple has historically not done large deals and asked whether it might take a different approach to pursue its AI ambitions. CEO Cook responded that the company had already acquired seven smaller companies this year and is open to buying larger ones.

    “We’re very open to M&A that accelerates our roadmap. We are not stuck on a certain size company, although the ones that we have acquired thus far this year are small in nature,” Cook said. “We basically ask ourselves whether a company can help us accelerate a roadmap, and if they do, then we’re interested.”

    Shares of the company were up 1.7% in premarket trading on Friday.

    Apple has tended to buy smaller firms with highly specialized technical teams to build out specific products. Its largest deal ever was its purchase of Beats Electronics for $3 billion in 2014, followed by a $1 billion deal to buy a modem chip business from Intel.

    But now Apple is at a unique crossroads for its business. The tens of billions of dollars per year it receives from Google as payment to be the default search engine on iPhones could be undone by U.S. courts in Google’s antitrust trial, while startups like Perplexity are in discussions with handset makers to try to dislodge Google with an AI-powered browser that would handle many search functions.

    Apple executives have said in court they are considering reshaping the firm’s Safari browser with AI-powered search functions, and Bloomberg News has reported that Apple executives have discussed buying Perplexity, which Reuters has not independently confirmed.

    Apple also said on Thursday it plans to spend more on data centers, an area where it typically spends only a few billion dollars per year. Apple is currently using its own chip designs to handle AI requests with privacy controls that are compatible with the privacy features on its devices.

    Kevan Parekh, Apple‘s chief financial officer, did not give specific spending targets but said outlays would rise.

    “It’s not going to be exponential growth, but it is going to grow substantially,” Parekh said during the conference call.

    “A lot of that’s a function of the investments we’re making in AI.”

    -REUTERS

  • MIL-OSI Russia: Financial news: On changes in additional conditions for trading for units of the ZPIF “AAA – Dostoyanie” (RU000A10AQT4) from August 4, 2025

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    An important disclaimer is at the bottom of this article.

    In accordance with the Rules for conducting trading on the stock market, deposit market and credit market of the Public Joint-Stock Company Moscow Exchange MICEX-RTS, from August 4, 2025, for investment units of the Closed Combined Mutual Investment Fund AAA – Dostoyanie (trading code – RU000A10AQT4, ISIN – RU000A10AQT4) managed by AAA Capital Management JSC in the trading modes of the Stock Market Section with settlements in rubles, the price step size is set at 0.001 rubles.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Vitaly Savelyev presented awards to railway industry workers

    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.

    Vitaly Savelyev took part in a conference call of Russian Railways

    August 1, 2025

    Vitaly Savelyev took part in a conference call of Russian Railways

    August 1, 2025

    Vitaly Savelyev took part in a conference call of Russian Railways

    August 1, 2025

    Vitaly Savelyev presented state and departmental awards to distinguished employees of Russian Railways

    August 1, 2025

    Previous news Next news

    Vitaly Savelyev took part in a conference call of Russian Railways

    Deputy Prime Minister Vitaly Savelyev took part in a conference call of Russian Railways dedicated to the upcoming Railway Worker’s Day (celebrated on August 3 in 2025) and presented state and departmental awards to distinguished employees of the company.

    Speaking to the participants of the meeting, the Deputy Prime Minister expressed respect and gratitude to the veteran railway workers and recalled that 154 railway workers became Heroes of the Soviet Union during the Great Patriotic War, and another 127 became Heroes of Socialist Labor. He also thanked all workers in the industry for their tireless work and loyalty to their work.

    “Professionalism, cohesion, unity and mutual assistance are passed on from generation to generation of railway workers. Today, when we are faced with large-scale tasks set by the President of the Russian Federation, these traditions and personal qualities will help us to adequately respond to any challenges and cope with the most difficult tasks,” noted Vitaly Savelyev.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: The number of applications for registration of regional brands has increased by almost 20%

    Translation. Region: Russian Federal

    Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

    An important disclaimer is at the bottom of this article.

    In the first half of the year, the Federal Service for Intellectual Property (Rospatent) received 49 applications for registration of new and granting exclusive rights to already registered regional brands. This is almost 20% more than for the same period in 2024. Most applications were filed for food and agricultural products, as well as folk art and crafts.

    “Each region has its own unique culture and geographical specificity, and these features should be actively used to form its favorable image. The creation of regional brands based on geographical indications and names of places of origin of goods is not only a key tool for increasing the recognition of the region, its economic growth and social progress, but also a chance for local authorities and entrepreneurs to introduce a wide audience to traditional crafts and products made in the region,” said First Deputy Minister of Economic Development of Russia Maxim Kolesnikov. He also added that such brands should contribute to the development of local production and support of local manufacturers.

    “Regional brands belong to the region where they are produced, so the same product under one brand can be produced by several different enterprises or companies. The main conditions here are the compliance of production with the necessary requirements and the registration of the enterprise in this region. This gives regions the opportunity for economic development. As a result, manufacturers enter the market with more confidence, maintain traditional production methods and expand them, and new jobs are created in the region,” said Rospatent Director Yuri Zubov.

    In the first six months of 2025, Rospatent received 49 applications for registration and granting the right to use regional brands, including one from abroad. Moreover, 32 applications relate to geographical indication (GI), and 17 to the name of the place of origin of goods (NMOG).

    If the production is entirely located in the region and the product has special properties, then it is a name of the place of origin of the product. If it is associated with a certain region or place by reputation, and part of the production is located outside the region, then it is a geographical indication.

    In 2025, the largest number of applications were received for goods in the category “Food and agricultural products” – 19. In the category “Folk arts and crafts” – 12 applications, “Mineral water” – nine, “Alcoholic products” – three, “Other goods” – five.

    Among the regions, Stavropol Krai has filed the most applications this year — seven. It has also been the leader in application activity over the past five years: since 2020, residents of Stavropol Krai have filed 73 applications for registration and/or granting an exclusive right to a state or national trademark.

    In the first six months of 2025, 14 new regional brands were registered with Rospatent, such as “Pleshkovskaya Igrushka” (Oryol Oblast), “Bashkirsky Palas” (Republic of Bashkortostan), “Decorative Stone Simbircite” (Ulyanovsk Oblast), and “Pechora Printed Gingerbread” (Pskov Oblast).

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: China clarifies rules for tax breaks on reinvested dividends for foreign investors

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, Aug. 1 (Xinhua) — China’s General Administration of Taxation (GATT) has released detailed rules for foreign investors to claim tax breaks on reinvested dividends, providing operational guidance on the preferential tax treatment under the newly unveiled policy measures.

    In June this year, the Ministry of Finance, the State Tax Administration and the Ministry of Commerce of the People’s Republic of China announced that they would provide foreign investors with a 10 percent corporate income tax rebate on direct domestic investment financed by dividends from profits of enterprises resident in the People’s Republic of China.

    The benefit, which will be in effect from January 1, 2025, to December 31, 2028, will allow unused tax credits to be carried forward to a later date and allow lower rates to be applied under applicable tax treaties.

    According to a notice issued by the State Tax Service on Thursday, profits used to make additional contributions to subscribed authorized capital or to increase paid-in capital or capital reserves qualify as reinvestment.

    The agency’s notice also explains the scope of this tax incentive, including the definition of the time period for reinvestment, the method for calculating the tax credit amount, and the procedures for foreign investors to receive tax incentives.

    Notably, China offers tax incentives to encourage overseas investment. In 2024, the preferential policy of temporarily exempting foreign investors from paying taxes on certain types of profits led to a rapid increase in foreign reinvestment in China, according to previously published data from the State Tax Inspectorate of China. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI: Form 8.3 – [NCC GROUP PLC – 31 07 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 NCC GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 31 JULY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 9,750,000 3.0953    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 9,750,000 3.0953    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 400,000 150.75p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 01 AUGUST 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 per Share for August 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Aug. 01, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today a monthly distribution of $0.08 per share for August 2025. This distribution is payable to common stockholders on August 29, 2025 (as outlined in the table below).

    The Company declares distributions on a monthly basis, with its next distribution expected to be declared in early September. Payment of future distributions is subject to the approval of the Company’s Board of Directors, as well as meeting the covenants on the Company’s debt agreements and the terms of its preferred stock.

    Record Date / Ex-Date Payment Date Distribution Amount Return of Capital Estimate
    8/15/25 8/29/25 $0.08 30%(1)


    (1)   This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI United Kingdom: Shoreditch becomes new al fresco dining hotspot thanks to Mayor of London’s new Summer Streets scheme

    Source: Mayor of London

    • Redchurch Street and Rivington Street in Shoreditch host weekend al fresco dining thanks to funding from the Mayor
    • Sadiq’s Summer Streets Fund is helping four boroughs to create al fresco dining and drinking hotspots across the capital, ahead of further action to boost London’s nightlife
    • Deputy Mayor for Business, Howard Dawber OBE, visits local businesses who are benefitting from the new Summer Streets scheme

    For the first time ever, independent bars and restaurants on Rivington Street and Redchurch Street in Shoreditch will be offering al fresco dining and drinking, thanks to funding from the Mayor of London, Sadiq Khan.

    Londoners and visitors will be able to enjoy outside dinner and drinks every Friday and Saturday from tonight until the end of the year, with the roads closed to traffic from 6pm to midnight.

    The new outdoor eating and drinking area in Hackney is one of four new schemes that the Mayor is funding across the capital through his £300,000 Summer Streets Fund. The funding is part of Sadiq’s commitment to increase outdoor dining and extend opening hours to offer more choice to Londoners and help support businesses. This is ahead of the

    Mayor being granted new licensing powers from the Government to help boost the capital’s nightlife.

    In Shoreditch, a wide range of businesses are taking part in the new al fresco dining. Londoners and visitors can enjoy a variety of cuisines from around the world from:

    Other sites being supported by the Mayor’s Summer Streets Fund include schemes across Lambeth, Waltham Forest and Westminster. In Leyton, Francis Road is extending car free hours, with outdoor dining in Leyton Midland Road. In Brixton, there are more car free days on Atlantic Road and “Brixton Summer Zone”, with outdoor seating and live performances to be officially launched later this month. Soon bars and restaurants on St Martin’s Lane in the heart of the West End will also be able to provide open air dining and drinking.

    Creating new al fresco dining spots is one of many initiatives by the Mayor to support London’s hospitality, leisure and tourism sectors. For example, he has also created an independent Nightlife Taskforce to help boost the capital’s life at night. These industries are critical to the success of the capital, as well as growth nationally, generating more than £46 billion every year* and accounting for one in 10 jobs in London. In the last year, the number of late-night hospitality sites in London has grown faster than anywhere else in the country.

    The Mayor of London, Sadiq Khan, said: “I’m delighted to be able to support bars and restaurants in Shoreditch to offer al fresco dining from today. Through my Summer Streets Fund we are helping to put outdoor dining back on the menu, supporting businesses and helping Londoners and visitors to make the most of the summer. I’m determined to do all I can to support London’s fantastic restaurants, cafes and bars, and these schemes are just the beginning of what’s to come as we continue to work with partners across the capital to revitalise our nightlife and build a better London for everyone.”

    Howard Dawber OBE, Deputy Mayor for Business, said: “The Mayor’s Summer Streets Fund was designed to empower local businesses, stimulate enterprise and provide exciting opportunities for Londoners and visitors. It’s just one of the ways we are helping to boost London’s night time economy, and it’s great to see this new scheme bringing outdoor dining to Shoreditch tonight.”

    Cllr Susan Fajana-Thomas, Hackney Council’s Cabinet Member for Community Safety and Regulatory Services, said: “We are thrilled that Hackney has been chosen by the Mayor of London to participate in the Summer Streets al fresco dining scheme, which I believe will significantly boost our world-renowned nightlife. By pedestrianising Rivington Street and Redchurch Street on Friday and Saturday nights, we can offer more space for residents and visitors, in particular families, to enjoy some of the fantastic venues and food Shoreditch has to offer, with increased outdoor seating. I am excited to support this scheme as I believe it will be great for businesses and residents.”

    MIL OSI United Kingdom –

  • MIL-OSI: Bitget Surges to 7.2% Global Derivatives Market Share, Ranks Top 3 Highlights Bitcoin.com Report

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Aug. 01, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, today co-releases with Bitcoin.com an educational flagship titled “Crypto Derivatives 101 – Market Breakdown: Who’s Winning the Race?” designed to help newcomers navigate the fast-growing derivatives market, the guide also highlights Bitget’s leadership as its market share doubles to 7.2% in 2025, up from 4.6% year‑to‑date.

    As detailed in the newly released report, Bitget has emerged as the third-largest derivatives exchange globally by trading volume. In April 2025 alone, the platform processed $92 billion in futures volume. Bitget’s market share rose from 4.6% at the beginning of the year to 7.2%, placing it just behind Binance and OKX. While Binance continues to lead with a 38% share, Bitget’s rapid ascent reflects both strong retail engagement and increasing institutional preference, particularly for ETH-based derivatives, where Bitget has surpassed Binance in liquidity within key trading ranges.

    “We believe educational access is foundational,” said Gracy Chen, CEO at Bitget. “Crypto derivatives have often been misunderstood or seen as overly complex, especially by new users. With this guide, we aim to change that. We want to make sure that both retail and institutional users feel empowered to understand, navigate, and leverage the powerful tools available to them. Bitget is proud to be leading this industry with a user-first approach, backed by AI-powered tools, liquidity innovations, and a commitment to transparency and accessibility.”

    The Crypto Derivatives 101 report serves as a practical, beginner-friendly guide to understanding how derivatives work and why they matter in today’s markets. It breaks down core instruments such as futures, options, and perpetual swaps, while explaining how these tools are used for hedging, speculation, and arbitrage.

    A standout feature of the report is a comprehensive comparison of centralized (CEX) and decentralized (DEX) perpetual markets, weighing factors like liquidity, slippage, fees, execution speed, and custody. Bitget, Binance, and OKX are shown to lead in areas like liquidity depth and institutional readiness, while platforms like GMX and Hyperliquid offer unmatched transparency and self-custody for DeFi-native users.

    The report also includes real-world trading scenarios that help readers understand which platform type is better suited to their goals. For example, a retail trader managing small-cap positions may benefit from Bitget’s intuitive UI, low fees, and fiat on-ramps. In contrast, DeFi-native users seeking anonymity and composability may prefer permissionless DEXs. Institutions executing large block trades are shown to favor CEXs like Bitget for better capital efficiency, risk management tools, and regulatory compliance. These case studies ground the content in real-world decision-making and make the guide actionable for new users.

    “The crypto industry has come a long way in terms of legitimacy, but education remains a key barrier,” said Eli Bordun, Partnership Director of Bitcoin.com. “This report breaks down step-by-step how the modern crypto markets function. Derivatives are often seen as tools for professionals — but they’re increasingly relevant for everyday users, DAOs, and even traditional financial players exploring the space. By working with Bitget to produce this report, we aim to demystify these instruments and support safe, informed participation in the market.”

    The report also highlights emerging trends set to shape the next era of crypto derivatives. One key theme is the rise of tokenized real-world assets (RWAs), which are increasingly being integrated into derivatives products and yield strategies. Another is the expansion of AI-powered trading platforms, which are revolutionizing how both retail and institutional users manage portfolios, select strategies, and mitigate risk. Regulatory clarity is also improving, with frameworks like the EU’s MiCA and Singapore’s MAS paving the way for responsible innovation.

    Finally, the report explores the evolution of CeDeFi (Centralized-Decentralized Finance) models, where platforms like Bitget offer the best of both worlds: secure custody and intuitive UX alongside permissionless asset access and DeFi integration.

    With this report, Bitget and Bitcoin.com reaffirm their shared commitment to building a more inclusive crypto trading environment. As derivatives become increasingly central to digital finance, Bitget is positioned not only as a market leader — but as a bridge between the next generation of users and the tools that will define their financial future.

    For more information, please see the full report here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6595d449-33e8-478f-a5d3-67dc9f840558

    The MIL Network –

  • MIL-OSI: Bitget Surges to 7.2% Global Derivatives Market Share, Ranks Top 3 Highlights Bitcoin.com Report

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Aug. 01, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, today co-releases with Bitcoin.com an educational flagship titled “Crypto Derivatives 101 – Market Breakdown: Who’s Winning the Race?” designed to help newcomers navigate the fast-growing derivatives market, the guide also highlights Bitget’s leadership as its market share doubles to 7.2% in 2025, up from 4.6% year‑to‑date.

    As detailed in the newly released report, Bitget has emerged as the third-largest derivatives exchange globally by trading volume. In April 2025 alone, the platform processed $92 billion in futures volume. Bitget’s market share rose from 4.6% at the beginning of the year to 7.2%, placing it just behind Binance and OKX. While Binance continues to lead with a 38% share, Bitget’s rapid ascent reflects both strong retail engagement and increasing institutional preference, particularly for ETH-based derivatives, where Bitget has surpassed Binance in liquidity within key trading ranges.

    “We believe educational access is foundational,” said Gracy Chen, CEO at Bitget. “Crypto derivatives have often been misunderstood or seen as overly complex, especially by new users. With this guide, we aim to change that. We want to make sure that both retail and institutional users feel empowered to understand, navigate, and leverage the powerful tools available to them. Bitget is proud to be leading this industry with a user-first approach, backed by AI-powered tools, liquidity innovations, and a commitment to transparency and accessibility.”

    The Crypto Derivatives 101 report serves as a practical, beginner-friendly guide to understanding how derivatives work and why they matter in today’s markets. It breaks down core instruments such as futures, options, and perpetual swaps, while explaining how these tools are used for hedging, speculation, and arbitrage.

    A standout feature of the report is a comprehensive comparison of centralized (CEX) and decentralized (DEX) perpetual markets, weighing factors like liquidity, slippage, fees, execution speed, and custody. Bitget, Binance, and OKX are shown to lead in areas like liquidity depth and institutional readiness, while platforms like GMX and Hyperliquid offer unmatched transparency and self-custody for DeFi-native users.

    The report also includes real-world trading scenarios that help readers understand which platform type is better suited to their goals. For example, a retail trader managing small-cap positions may benefit from Bitget’s intuitive UI, low fees, and fiat on-ramps. In contrast, DeFi-native users seeking anonymity and composability may prefer permissionless DEXs. Institutions executing large block trades are shown to favor CEXs like Bitget for better capital efficiency, risk management tools, and regulatory compliance. These case studies ground the content in real-world decision-making and make the guide actionable for new users.

    “The crypto industry has come a long way in terms of legitimacy, but education remains a key barrier,” said Eli Bordun, Partnership Director of Bitcoin.com. “This report breaks down step-by-step how the modern crypto markets function. Derivatives are often seen as tools for professionals — but they’re increasingly relevant for everyday users, DAOs, and even traditional financial players exploring the space. By working with Bitget to produce this report, we aim to demystify these instruments and support safe, informed participation in the market.”

    The report also highlights emerging trends set to shape the next era of crypto derivatives. One key theme is the rise of tokenized real-world assets (RWAs), which are increasingly being integrated into derivatives products and yield strategies. Another is the expansion of AI-powered trading platforms, which are revolutionizing how both retail and institutional users manage portfolios, select strategies, and mitigate risk. Regulatory clarity is also improving, with frameworks like the EU’s MiCA and Singapore’s MAS paving the way for responsible innovation.

    Finally, the report explores the evolution of CeDeFi (Centralized-Decentralized Finance) models, where platforms like Bitget offer the best of both worlds: secure custody and intuitive UX alongside permissionless asset access and DeFi integration.

    With this report, Bitget and Bitcoin.com reaffirm their shared commitment to building a more inclusive crypto trading environment. As derivatives become increasingly central to digital finance, Bitget is positioned not only as a market leader — but as a bridge between the next generation of users and the tools that will define their financial future.

    For more information, please see the full report here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6595d449-33e8-478f-a5d3-67dc9f840558

    The MIL Network –

  • MIL-OSI: Oxford Square Capital Corp. Prices Public Offering of $65 Million 7.75% Notes Due 2030

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Aug. 01, 2025 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQZ) (the “Company”) today announced that it has priced an underwritten public offering of $65 million in aggregate principal amount of 7.75% unsecured notes due 2030. The notes will mature on July 31, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after July 31, 2027. The notes will bear interest at a rate of 7.75% per year payable quarterly on January 31, April 30, July 31, and October 31 of each year, commencing October 31, 2025.

    The offering is expected to close on August 7, 2025, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $9.75 million in aggregate principal amount of notes. The notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date under the trading symbol “OXSQH”.

    The Company intends to use the net proceeds from this offering to repay indebtedness, acquire investments in accordance with our investment objective and strategies described in this prospectus supplement and for general corporate purposes.

    Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering.

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

    A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC at 570 Lexington Ave, 40th Floor, New York, NY 10022, at telephone number (646) 362-0256, or via email at: Prospectus@lucidcm.com; and Piper Sandler & Co., 350 North 5th Street, Suite 1300, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (800) 747-3924, or by email at prospectus@psc.com. The preliminary prospectus supplement, dated July 31, 2025, and accompanying prospectus, dated September 26, 2022, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.

    About Oxford Square Capital Corp.
    Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward Looking Statements
    This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network –

  • MIL-OSI: Oxford Square Capital Corp. Prices Public Offering of $65 Million 7.75% Notes Due 2030

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Aug. 01, 2025 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQZ) (the “Company”) today announced that it has priced an underwritten public offering of $65 million in aggregate principal amount of 7.75% unsecured notes due 2030. The notes will mature on July 31, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after July 31, 2027. The notes will bear interest at a rate of 7.75% per year payable quarterly on January 31, April 30, July 31, and October 31 of each year, commencing October 31, 2025.

    The offering is expected to close on August 7, 2025, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $9.75 million in aggregate principal amount of notes. The notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date under the trading symbol “OXSQH”.

    The Company intends to use the net proceeds from this offering to repay indebtedness, acquire investments in accordance with our investment objective and strategies described in this prospectus supplement and for general corporate purposes.

    Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering.

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

    A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC at 570 Lexington Ave, 40th Floor, New York, NY 10022, at telephone number (646) 362-0256, or via email at: Prospectus@lucidcm.com; and Piper Sandler & Co., 350 North 5th Street, Suite 1300, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (800) 747-3924, or by email at prospectus@psc.com. The preliminary prospectus supplement, dated July 31, 2025, and accompanying prospectus, dated September 26, 2022, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.

    About Oxford Square Capital Corp.
    Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward Looking Statements
    This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network –

  • MIL-OSI: ETH Contract Participation Model for 2025 Announced by HashJ to Tap Market Opportunities

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, Aug. 01, 2025 (GLOBE NEWSWIRE) — MGPD Finance Limited, doing business as HashJ, today announced the introduction of its updated ETH contract participation model, developed to support broader engagement in Ethereum-linked income opportunities. This move comes as Ethereum (ETH) continues to hold its place as a foundational asset within the Web3 ecosystem, even as its mainnet fully transitions from Proof-of-Work (PoW) to Proof-of-Stake (PoS) following the 2022 “Merge.”

    Despite this shift, ETH-related contract activity remains strong across derivative networks and GPU-compatible platforms. HashJ’s 2025 model aims to simplify access to these evolving opportunities for individual users by lowering technical barriers and offering transparent participation structures.

    Ethereum Market Weekly Overview: Layer-2 Networks and On-Chain Activity Gain Ground

    During the fourth week of July 2025, ETH held steady around $3,790, while on-chain activity remained robust. Metrics such as active wallet addresses and decentralized application (DApp) usage saw steady growth. According to data from L2Beat, the total value locked (TVL) in Layer-2 networks like Arbitrum, Optimism, and Base reached new peaks, reinforcing Ethereum’s position as a leader in blockchain fee revenue.
    In parallel, Ethereum continues to attract diverse projects, including artificial intelligence (AI) protocols, decentralized proof-of-stake (DPoS) systems, and tokenized real-world asset (RWA) platforms—further cementing its status as the dominant smart contract infrastructure.

    Current Landscape of ETH-Related Contracts

    Although Ethereum’s mainnet no longer supports traditional PoW-based contracts, derivative chains such as EthereumPoW (ETHW), Ethereum Classic (ETC), and other EVM-compatible PoW ecosystems continue to offer contract-based participation. These networks maintain close market correlation with ETH, creating an alternate avenue for users to engage in ETH-linked strategies.
    Key approaches include:

    • Participating in contracts tied to ETHW or ETC and later converting proceeds into ETH;
    • Utilizing platforms such as HashJ to access GPU resources and schedule contract-based operations across ETH-aligned networks;
    • Diversifying income strategies via ETH staking, DeFi protocols, and eligible airdrop campaigns.

    HashJ’s New Model: Accessible Participation in ETH-Linked Contracts

    HashJ’s latest platform features are focused on enhancing user participation in ETH-related rewards with low entry barriers and simplified processes. This includes:

    • Access to GPU resource scheduling and allocation across ETH-relevant derivative ecosystems;
    • Intelligent task distribution to support optimized contract outcomes;
    • Transparent performance monitoring via a mobile application and user dashboard;
    • Automated revenue settlement with unrestricted asset withdrawals.

    New users can access a welcome package valued at $118, comprising $100 in contract trial credits and $18 in platform cash. No specialized hardware or infrastructure setup is required, and users can manage their participation via visual interfaces designed for ease of use.

    Continued Relevance of ETH-Linked Contracts

    Despite the discontinuation of PoW contracts on the Ethereum mainnet, ETH continues to command broad investor interest. ETH-based contracts and derivative tokens present various benefits:

    • Closely mirrored price movements from tokens like ETHW and ETC allow for ETH-aligned exposure;
    • Flexible use of contracts as a means to hedge risk or manage portfolio allocation;
    • Simplified entry via platforms like HashJ reduces reliance on traditional hardware setups or data center integration.

    For everyday users, these tools offer a practical and efficient alternative to more complex technical methods of participating in ETH-related returns.

    Conclusion

    As Ethereum maintains its leading role in decentralized infrastructure, new models of participation are emerging to reflect evolving network dynamics. HashJ’s ETH contract access framework presents a simplified and scalable method for engaging with ETH-linked opportunities.

    For those looking to participate in Ethereum’s evolving contract landscape without encountering technical or operational hurdles, HashJ’s model offers a structured and user-friendly entry point. New users receive a $118 gift package upon registration (including $100 contract trial credit and $18 cash).

    About MGPD Finance Limited (HashJ)

    MGPD Finance Limited, doing business as HashJ, is a fintech company based in the United Kingdom. Founded in 2018, the company provides contract-based digital reward systems for BTC, ETH, DOGE, and XRP, with over 2 million users across more than 90 countries.

    For more information, visit: www.hashj.com
    App Download: Available on iOS and Android
    Business Inquiries: pr@hashj.com

    The MIL Network –

  • MIL-OSI: ETH Contract Participation Model for 2025 Announced by HashJ to Tap Market Opportunities

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, Aug. 01, 2025 (GLOBE NEWSWIRE) — MGPD Finance Limited, doing business as HashJ, today announced the introduction of its updated ETH contract participation model, developed to support broader engagement in Ethereum-linked income opportunities. This move comes as Ethereum (ETH) continues to hold its place as a foundational asset within the Web3 ecosystem, even as its mainnet fully transitions from Proof-of-Work (PoW) to Proof-of-Stake (PoS) following the 2022 “Merge.”

    Despite this shift, ETH-related contract activity remains strong across derivative networks and GPU-compatible platforms. HashJ’s 2025 model aims to simplify access to these evolving opportunities for individual users by lowering technical barriers and offering transparent participation structures.

    Ethereum Market Weekly Overview: Layer-2 Networks and On-Chain Activity Gain Ground

    During the fourth week of July 2025, ETH held steady around $3,790, while on-chain activity remained robust. Metrics such as active wallet addresses and decentralized application (DApp) usage saw steady growth. According to data from L2Beat, the total value locked (TVL) in Layer-2 networks like Arbitrum, Optimism, and Base reached new peaks, reinforcing Ethereum’s position as a leader in blockchain fee revenue.
    In parallel, Ethereum continues to attract diverse projects, including artificial intelligence (AI) protocols, decentralized proof-of-stake (DPoS) systems, and tokenized real-world asset (RWA) platforms—further cementing its status as the dominant smart contract infrastructure.

    Current Landscape of ETH-Related Contracts

    Although Ethereum’s mainnet no longer supports traditional PoW-based contracts, derivative chains such as EthereumPoW (ETHW), Ethereum Classic (ETC), and other EVM-compatible PoW ecosystems continue to offer contract-based participation. These networks maintain close market correlation with ETH, creating an alternate avenue for users to engage in ETH-linked strategies.
    Key approaches include:

    • Participating in contracts tied to ETHW or ETC and later converting proceeds into ETH;
    • Utilizing platforms such as HashJ to access GPU resources and schedule contract-based operations across ETH-aligned networks;
    • Diversifying income strategies via ETH staking, DeFi protocols, and eligible airdrop campaigns.

    HashJ’s New Model: Accessible Participation in ETH-Linked Contracts

    HashJ’s latest platform features are focused on enhancing user participation in ETH-related rewards with low entry barriers and simplified processes. This includes:

    • Access to GPU resource scheduling and allocation across ETH-relevant derivative ecosystems;
    • Intelligent task distribution to support optimized contract outcomes;
    • Transparent performance monitoring via a mobile application and user dashboard;
    • Automated revenue settlement with unrestricted asset withdrawals.

    New users can access a welcome package valued at $118, comprising $100 in contract trial credits and $18 in platform cash. No specialized hardware or infrastructure setup is required, and users can manage their participation via visual interfaces designed for ease of use.

    Continued Relevance of ETH-Linked Contracts

    Despite the discontinuation of PoW contracts on the Ethereum mainnet, ETH continues to command broad investor interest. ETH-based contracts and derivative tokens present various benefits:

    • Closely mirrored price movements from tokens like ETHW and ETC allow for ETH-aligned exposure;
    • Flexible use of contracts as a means to hedge risk or manage portfolio allocation;
    • Simplified entry via platforms like HashJ reduces reliance on traditional hardware setups or data center integration.

    For everyday users, these tools offer a practical and efficient alternative to more complex technical methods of participating in ETH-related returns.

    Conclusion

    As Ethereum maintains its leading role in decentralized infrastructure, new models of participation are emerging to reflect evolving network dynamics. HashJ’s ETH contract access framework presents a simplified and scalable method for engaging with ETH-linked opportunities.

    For those looking to participate in Ethereum’s evolving contract landscape without encountering technical or operational hurdles, HashJ’s model offers a structured and user-friendly entry point. New users receive a $118 gift package upon registration (including $100 contract trial credit and $18 cash).

    About MGPD Finance Limited (HashJ)

    MGPD Finance Limited, doing business as HashJ, is a fintech company based in the United Kingdom. Founded in 2018, the company provides contract-based digital reward systems for BTC, ETH, DOGE, and XRP, with over 2 million users across more than 90 countries.

    For more information, visit: www.hashj.com
    App Download: Available on iOS and Android
    Business Inquiries: pr@hashj.com

    The MIL Network –

  • MIL-OSI: Aemetis to Review Second Quarter 2025 Financial Results on August 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its second quarter 2025 earnings report:

    Date: Thursday, August 7, 2025

    Time: 11 am Pacific Time (PT)

    Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 655740 

    Live Participant Dial In (International): +1-973-528-0011 entry code 655740

    Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/52764

    Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call.

    The webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls, along with the company presentation, recent announcements, and video recordings.

    The voice recording will be available through August 14, 2025, by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 52764. After August 14th, the webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that lower fuel costs and reduce emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com. 

    Company Investor Relations

    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations

    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network –

  • India-US partnership has endured transitions and challenges: MEA

    Source: Government of India

    Source: Government of India (4)

    India and the United States share a comprehensive global strategic partnership rooted in shared interests, democratic values, and strong people-to-people ties, a relationship that has withstood various transitions and challenges over time, the Ministry of External Affairs (MEA) said on Friday.

    “India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values, and robust people-to-people ties. This partnership has weathered several transitions and challenges. We remain focused on the substantive agenda that both countries have committed to and are confident that the relationship will continue to move forward,” MEA spokesperson Randhir Jaiswal stated during a weekly media briefing in New Delhi. His remarks came in response to a question on India-US ties following Washington’s recent tariff announcement.

    Earlier this week, US President Donald Trump announced the imposition of 25 per cent reciprocal tariffs on Indian goods, along with an unspecified penalty over India’s purchases of Russian energy, effective from August 1.

    “India will be paying a tariff of 25 per cent,” Trump posted on his social media platform, Truth Social.

    He also warned of an additional tariff penalty on India for its continued energy trade with Russia. Trump had earlier declared that all countries purchasing Russian energy would face secondary tariffs of up to 100 per cent if Moscow failed to agree to a ceasefire in Ukraine.

    Initially, the threat to India was perceived by experts as a negotiating tactic aimed at expediting a trade agreement. Both Trump and Commerce Secretary Howard Lutnick had recently indicated optimism about reaching a deal with India, describing it as one of the first countries likely to finalize an agreement.

     

    –IANS

  • MIL-OSI Africa: Regional Workshop on the Economic Community of West Africa States (ECOWAS) Fiscal Expenditure Methodology for Francophone and Lusophone States

    Source: APO – Report:

    .

    The ECOWAS Commission, in collaboration with the World Bank, has launched a four-day regional workshop from the 28th to the 31st of July,2025 in Dakar, Senegal focused on strengthening the capacity of francophone and lusophone Member States to evaluate and manage tax expenditures.

    Speaking at the opening ceremony, the Representative of the Minister of Finance of Senegal, Mr. Issa Faye warmly welcomed delegates on behalf of the Government and people of Senegal. He emphasized the country’s commitment to greater fiscal transparency and effective public resource management. “Tax exemptions, if well-targeted, can be tools for growth and poverty reduction. However, their real impact must be rigorously measured” he noted. Senegal’s hosting of the event, he added, reflects its strong support for regional fiscal harmonization and cooperation.

    Mr. Rajiv Kumar, representing the World Bank, acknowledged the progress made by several ECOWAS Member States and encouraged greater transparency and systematic reporting. “World Bank is pleased to partner with ECOWAS to deliver this important workshop that aims to strengthen the capacity of member states to manage the fiscal and economic impact of tax expenditures,” he stated.

    In her opening remarks, H.E. Ambassador Zelma Yollande Nobre Fassinou, ECOWAS Resident Representative to Senegal, emphasized the importance of the workshop and expressed gratitude to the Government of Senegal for its continued support for regional integration efforts. She highlighted that “Tax expenditures,when not properly evaluated, can undermine domestic resource mobilization and limit the capacity of our governments to finance vital programs.” Ambassador Fassinou emphasized that the workshop is not only a platform for technical learning but also an opportunity to strengthen partnerships and enhance collective governance in line with the 2023 ECOWAS Directive on Tax Expenditures. She further noted the importance of timely submission of tax expenditure reports by Member States, in alignment with the provisions of the Directive, as an important step towards improved transparency and accountability in fiscal policy across the region.

    Ambassador Fassinou also highlighted the workshop’s aim to encourage open dialogue and peer exchange, noting that participants will present their national frameworks, challenges, and best practices. “This workshop provides an ideal platform to deepen our shared understanding, align our methodologies, and enhance regional cooperation in managing fiscal incentives” she said.

    The workshop features technical sessions, practical exercises, and country presentations aimed at improving governance, transparency and alignment of tax incentives with national development strategies. Participants include officials from finance ministries, tax administrations and regional and international partners.

    This workshop reinforces ECOWAS’ commitment to strengthening national capacities and aligning fiscal practices with regional integration objectives.

    – on behalf of Economic Community of West African States (ECOWAS).

    MIL OSI Africa –

  • MIL-OSI USA: New NIST Reference Material to Strengthen Quality Control for Biological Drugs

    Source: US Government research organizations

    Protein-based biotherapeutics are drugs made with genetically engineered proteins. These large protein molecules can stick together during the drug manufacturing process to form particles. A team of NIST researchers, including Srivalli Telikepalli (shown here), developed a standard reference material that will help biopharmaceutical companies better detect these particles in their drug products.

    Credit: A. Boss/NIST

    A rapidly growing category of drugs called protein-based biotherapeutics can be used to treat cancers and genetic and autoimmune disorders. These drugs, which usually take the form of large protein molecules, are manufactured by growing living cells that are genetically engineered to produce the proteins. These large protein molecules, however, can stick together during the manufacturing process to form particles that can cause an unwanted immune response in patients. 

    To manage these particles, biopharmaceutical companies need to be able to measure and monitor them. A new standard reference material (SRM) from the National Institute of Standards and Technology (NIST) will help them do that. The new material, SRM 1989: Monodisperse Irregularly Shaped Epoxy-Based Particles, consists of three vials containing particles of different sizes: 220 micrometers, 150 micrometers and 100 micrometers. (For comparison, a sheet of regular printer paper is roughly 100 micrometers thick.)  

    “This material will be the first publicly available visible particle standard for protein-based particles in biotherapeutic drugs,” said NIST research chemist Srivalli Telikepalli. “This will help drug manufacturers monitor particles in their products so that they can ensure that those products are safe and effective.”

    The new material, called SRM 1989: Monodisperse Irregularly Shaped Epoxy-Based Particles, consists of three vials containing particles of different sizes: 220 micrometers, 150 micrometers and 100 micrometers.

    Credit: R. Wilson/NIST

    Protein-based particles, which are small but sometimes visible to the naked eye, form because proteins can be unstable. Any stress, like a temperature change or sudden shaking of a drug vial, can cause proteins to clump together into particles. This can happen when the drug products are being purified, packaged, shipped or stored for long periods of time. 

    At biopharmaceutical manufacturing plants, trained analysts visually inspect each vial of drug product. If the vial contains visible particles, it is removed from the batch. If a certain number of vials fail, the entire batch will be discarded. Each failed batch can cost the manufacturer millions of dollars. 

    “Without a particle size standard for reference, errors can occur, as different analysts may perceive particles differently. Because of this, the inspection process can be subjective,” said Telikepalli. “Our new reference material will help make the particulate inspection process more uniform.” The SRM can be included in training kits to mimic protein particles and help train analysts to accurately identify these particles in each drug product.

    Inspections can also be automated using laboratory instruments. Instrument manufacturers can use the NIST SRM to ensure that their instruments are working properly and to improve their accuracy over time. Analysts can also use the SRM to validate their automated inspection process that uses these laboratory instruments to make sure the process is accurate.

    For both manual and automated inspections, a more accurate and uniform inspection process can help ensure that drug batches are not discarded unnecessarily.   

    To make the particles, NIST researchers shined ultraviolet (UV) light onto a silicon wafer coated with an epoxy-like substance that hardens when exposed to UV light. This created a pattern of particles on the wafer. The same technique, called photolithography, is used when creating microscopic electronic circuits on computer chips. The particles were then removed from the wafer and put into a liquid mixture, or solution. This was done at NIST’s Center for Nanoscale Science and Technology, an important center for semiconductor manufacturing research.

    The standard reference material was made at NIST’s Center for Nanoscale Science and Technology. The process for making the particles, called photolithography, is an innovative technique usually used to create microscopic electronic circuits on computer chips.

    Credit: A. Boss/NIST

    The particles resemble protein particles — irregular in shape and transparent. And crucially, they are all essentially the same size. “Because of our measurement capabilities, we are able to reliably verify the size of these particles with very high precision,” said NIST electronical engineer Michael Carrier. 

    Using a semiconductor manufacturing technique to simulate protein-based particles is an innovation that might only have happened at a place like NIST.

    “NIST has experts in both biopharmaceutical and semiconductor manufacturing,” said Mike Tarlov, chief of NIST’s Biomolecular Measurements Division. “This allows us to bring together measurement expertise from across very different domains to solve real-world problems.”

    NIST has produced over a thousand SRMs that support public health and safety and promote U.S. industry. These SRMs help ensure accurate measurements in industries ranging from health and medicine (human urine) to building construction (Charpy Impact Test materials) to semiconductor manufacturing (semiconductor thin film) and many more. 

    NIST also produces several other SRMs for the biopharmaceutical industry, including a monoclonal antibody protein called the NISTmAb and the NISTCHO — a living cell that expresses a version of the NISTmAb protein. All these SRMs support an industry that’s projected to grow from an estimated $666 billion in 2025 to $1,184 billion by 2032.

    SRM 1989: Monodisperse Irregularly Shaped Epoxy-Based Particles is now available for purchase from the NIST Store. 

    MIL OSI USA News –