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Category: Canada

  • MIL-OSI Global: The gap between wages and housing prices is widening, fuelling the affordability crisis

    Source: The Conversation – Canada – By Patrick Michael Condon, Professor and UBC James Taylor Chair in Landscape and Livable Environments., University of British Columbia

    Racial disparities played a significant role in shaping unequal COVID-19 mortality rates. What is less widely understood is how overcrowded housing conditions were an even deadlier variable.

    In California’s Bay Area, for instance, residents of overcrowded apartments — many of them recent immigrants — were found to be significantly more likely to die from COVID-19 than residents of demographically similar, but less crowded, apartments.

    ‘Broken City: Land Speculation, Inequality, and Urban Crisis’ by Patrick M. Condon.
    (UBC Press)

    Even less examined is the root cause of this overcrowding. Overcrowding is not just a matter of zoning or population growth, but something more systemic and difficult to confront: the speculative financial forces acting on the land beneath our feet.

    Urban land is now assessed by people not for its consumption value for a home but for its ability to hold and increase in cash value — in other words, its “speculative value.”

    My recent book, Broken City, paints a picture of how the same market logics that defined the Gilded Age of the late 19th century have quietly returned in our own century, with similarly corrosive consequences for urban life.

    Echoes of the Gilded Age

    A growing share of average workers’ incomes is being swallowed up by housing costs, often for homes that fail to meet their basic needs. This is not the result of natural scarcity, but mechanical economic processes that inform the price of urban land.

    We now find ourselves in circumstances uncomfortably close to those of Victorian England or Gilded Age America, when mass migrations to urban centres were driven by the need for jobs.



    Read more:
    What’s behind Canada’s housing crisis? Experts break down the different factors at play

    Back then, as now, a small number of urban landowners were able to extract enormous wealth — what political economist Henry George called the unearned increment — from the labour of others by virtue of owning the right patch of ground.

    A portrait photograph of Henry George, taken after 1885.
    (Wikimedia Commons)

    The demands for the unearned increment, George explained, was only limited by how much a region’s wage-earners and entrepreneurs collectively produced. Almost all of that value eventually went into land price.

    Today, we appear to be experiencing the same phenomenon. The social and epidemiological pressures produced by inflated land prices are no longer confined to historically marginalized racial or ethnic groups.

    As my book explains, millennials and Gen Xers, who are increasingly working service-sector jobs that dominate today’s economy, especially in countries like Canada and the U.S., are facing housing pressures once reserved only for the poor.

    In short, housing precarity has gone mainstream.

    Skyrocketing land prices

    At the heart of the housing crisis lies a deeper problem: runaway urban land prices are not just a crisis of housing affordability, but a problem of equitable urban design. They are eroding our political capacity to solve many urban problems.

    The same inflated land values that burden tenants and aspiring homeowners also restrict what cities can do to address housing and transportation needs, whether through planning, taxation or direct provision.

    Urban land prices are spiralling due to the collision of two long-term trends. First, the global economy has shifted from being primarily driven by wages earned through labour to one dominated by returns on assets. Urban land is now the single largest category of fixed capital asset in the world.

    Second, this asset-driven economy has widened the gap between wages and home prices, and helped drive the explosion in inequality. Housing has become the primary site where that inequality is expressed.

    Public frustration over this yawning gap between stagnant incomes and sky-high housing costs has erupted into political conflict. Many now blame local governments and planning regulations for blocking the supply of new homes. If only we could build more, they argue, prices would fall.

    But the evidence tells a different story. Take Vancouver, a city that has tripled its housing stock since the 1960s, largely through infill development. If the supply theory held true, Vancouver should be the most affordable city in North America. Instead, it is the least affordable.

    A landmark study published in March by the National Bureau of Economic Research found that supply constraints didn’t explain rising housing prices or housing growth across American cities. In other words, building more housing isn’t enough to bring down prices.

    A path out of the housing crisis

    My book offers several solutions and examples for how cities can reclaim land wealth for the common good.

    One promising approach lies in tying new housing approvals to affordability requirements. This policy framework — known as inclusionary zoning — requires developers to include a certain number of permanently affordable units as a condition for increased density.

    Without such requirements, upzoning — meaning increasing the maximum building size the city authorizes for a parcel — can inflate the value of land, rewarding speculation and driving prices further out of reach.

    Examples of effective inclusionary zoning abound. In Cambridge, Mass., an affordable housing overlay mandates 100 per cent affordability in exchange for permission to double density across the city. In Vancouver, new legislation related to inclusive zoning was introduced in 2024 and a development tax on new high-density projects has helped finance non-market housing directly.

    The path forward is not mysterious. But it does require confronting the truth that the housing crisis is not the result of broken systems — but of a speculative financial systems working exactly as designed.

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

    – ref. The gap between wages and housing prices is widening, fuelling the affordability crisis – https://theconversation.com/the-gap-between-wages-and-housing-prices-is-widening-fuelling-the-affordability-crisis-252157

    MIL OSI – Global Reports –

  • MIL-OSI USA: Durbin Holds Roundtable On Tax Day To Discuss Using Tax Dollars Responsibly To Support Critical Programs

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    April 15, 2025
    SPRINGFIELD – U.S. Senate Democratic Whip Dick Durbin (D-IL) today held a roundtable in Springfield with labor leaders, senior advocates, retirees, and small business owners to discuss the need to use tax dollars wisely to fulfill the promise of critical programs like Social Security, instead of cutting taxes for billionaires and raising prices forAmerican families and small businesses via tariffs.
    More than two million Illinoisans depend on the Social Security Administration (SSA) to deliver essential benefits and services, yet customers experience long wait times over the phone and increased time to process disability benefits, while staffing levels at SSA offices continue to decrease. The Trump Administration’s threats to cut tax payer-funded SSA services would further prevent Illinoisans from receiving their benefits.
    “Illinoisans are questioning whether or not they’ll continue to have access to their hard-earned benefits and essential services, while also being crushed by President Trump’s other economic policies, such as his outlandish tariffs,” said Durbin. “Today’s discussion with seniors, small business owners, and labor leaders in Springfield made it clear—these policies do nothing to ‘Make America Great Again,’ they are only making it harder for Illinoisans to get by.”
    Durbin spoke on the Senate floor about the impact President Trump’s tariffs will have on small businesses, manufacturers, consumers, and workers in Illinois, which received $127 billion of imports from China, Canada, and Mexico in 2023. Durbin also joined fellow U.S. Senate Committee on Agriculture member U.S. Senator Amy Klobuchar (D-MN) and 17 of their colleagues in a letter to ask U.S. Trade Representative Ambassador Jamieson Greer for information on how the Trump Administration’s tariffs will impact farmers across the nation.
    -30-

    MIL OSI USA News –

  • MIL-OSI Canada: Rockslide closes Highway 3A at Yellow Lake

    Drivers are advised that Highway 3A will remain closed at Yellow Lake while crews manage the stability of the slope, following a rockslide on the morning of Tuesday, April 15, 2025.

    A geotechnical assessment has determined additional blasting and rock removal is required before highway cleanup can begin. That work plan is in development. It is expected that Highway 3A will remain closed through Friday, April 18.

    Crews and equipment will be ready to start cleaning up the site as soon as the area is deemed safe by geotechnical engineers.

    The slide is within a known rock-fall area. The wide rock catchment ditches in this area helped reduce the amount of rock on the road from this incident and prevents minor rock-falls in the area from blocking the road. 

    A detour is available for all traffic via Highway 97/Highway 3, which adds about 70 minutes.

    For updates, check: https://www.drivebc.ca/

    MIL OSI Canada News –

  • MIL-OSI Canada: Giving Alberta industry a competitive edge

    [. Adopting new technologies and upgrades can help, but these often come with expensive up-front costs, long payback periods, or better technologies needed are not yet commercially available.

    Alberta’s government is giving industry a competitive edge by investing up to $72 million to help companies upgrade technologies, lower costs and operate more efficiently. This includes $65 million for a new funding challenge that will help forestry, energy, agriculture, heavy manufacturing and other major industries make technology upgrades. It also includes more than $7 million for new technologies to help oil and gas operators lower costs by reducing methane emissions.

    “Alberta is a global leader in responsible energy development. By supporting made-in-Alberta technology, we’re strengthening our economy, protecting our environment, and keeping our job creators competitive. This funding helps secure Alberta’s energy leadership now and for decades to come.”

    Rebecca Schulz, Minister of Environment and Protected Areas

    Industrial Transformation Challenge

    The $65-million Industrial Transformation Challenge, delivered through Emissions Reduction Alberta using the industry-led TIER fund, will accelerate the development and commercialization of some of the most promising technologies needed in Alberta and around the world. This will fund exciting projects that ultimately help companies reduce costs, improve efficiency, lower environmental impacts and gain a competitive edge in the global market.

    “With investments like these, Alberta is advancing its reputation for excellence in developing and deploying technology solutions that have global export potential – technologies that keep our industries competitive in international markets. Through this funding, the province is once again cementing its leadership with critical technologies needed around the world, from methane management and mitigation to water conservation, soil and groundwater protection, and waste reduction.”

    Justin Riemer, chief executive officer, Emissions Reduction Alberta

    “Funding provided by the Government of Alberta and Emissions Reduction Alberta in such programs as the Industrial Transformation Challenge are critical to supporting Alberta industry on its path towards innovation and sustainability. Previous funding from the province has supported Baymag and ZS2 Technologies in the development of an innovative, low-carbon, made-in-Alberta cement product to support high-performance building solutions.”

    Franz X. Spachtholz, president and CEO, Baymag Inc.

    Reducing methane emissions in the energy sector

    More than $7 million is also being invested through Emissions Reduction Alberta into two new projects that will help Alberta’s energy sector monitor, manage and reduce methane emissions – saving money and keeping them competitive.

    SensorUp Inc. will use $3 million to develop the world’s first open-standard software platform that uses artificial intelligence to produce faster methane reporting, quicker repairs and more effective methane mitigation. Ambyint Inc. will receive $4.1 million to upgrade its existing artificial intelligence platform with advanced machine learning and algorithms. Ambyint Inc.’s project could potentially reduce methane venting by up to 90 per cent.

    “Financial support from the Government of Alberta through Emissions Reduction Alberta enables us to collaborate with some of the world’s largest and most forward-thinking energy producers to build the first multi-sensor, AI-assisted measurement, monitoring, reporting, and verification software platform for methane emissions reduction. This initiative will create high-value jobs in Alberta and equip producers to meet reporting and mitigation standards with greater accuracy and efficiency, unlocking access to new premium markets.”

    Steve Liang, founder and chief technology officer, SensorUp

    “Securing Government of Alberta funding through Emissions Reduction Alberta enables Ambyint to accelerate and scale our Alberta-developed AI optimization and emissions-reduction technology. Customers are seeking solutions that impact both their economic and environmental performance. This pivotal support cements Alberta’s leadership in technology innovation, highlighting our province’s role in driving sustainable energy solutions globally.” 

    Benjamin Kemp, chief executive officer, Ambyint Inc.

    Quick facts

    • Applications for the Industrial Transformation Challenge are now open and will be accepted until June 5, at 5 p.m. MT. More information is available on Emissions Reduction Alberta’s website.
    • Eligible technologies include improved water and land management, soil remediation, reducing land use or disturbance and reducing air pollutants, plus new ways of producing fuels, breakthrough industrial process improvements, industrial facility efficiency upgrades, agricultural and forestry innovation, improved processes for bitumen extraction, oil and gas processing and refinement, and industrial fuel switching and electrification.
    • Successful Industrial Transformation Challenge applicants are eligible for up to $10 million per project, while projects deemed exceptionally strong through the competitive review process may be eligible for up to $15 million.
    • While Industrial Transformation Challenge technology solutions can originate from anywhere in the world, they must be piloted, demonstrated, or deployed in Alberta, or show direct economic benefit to the province.
    • Alberta has reduced methane emissions from the conventional oil and gas sector by 52 per cent since 2014, and emissions continue to decline.

    Related information

    • Reducing methane emissions
    • Emissions Reduction Alberta
    • SensorUp
    • Ambyint Inc.

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI Canada: Bus-lane construction will close Highway 1 bridge lanes overnight

    Drivers are advised of an overnight closure of the northbound Highway 1 lanes on the Colquitz River Bridge on Wednesday, April 16, 2025, as work advances on the Colquitz River Bridge Widening Project.

    The bridge carrying northbound traffic will close at 8 p.m. on Wednesday, April 16, and will reopen by 5:30 a.m. on Thursday, April 17. 

    During the closure, northbound traffic will be redirected to the adjacent bridge. Single-lane traffic in each direction will be in place on the southbound bridge while the northbound bridge is closed.

    The closure is necessary for driver and worker safety while work advances to build the bus-on-shoulder lane on the bridge structure.

    Drivers are reminded that a construction zone speed limit of 50 km/h is in effect. Traffic-control workers will redirect traffic during the detour period. Drivers are reminded to obey signage in the area, and drive with caution in active construction zones.

    For up-to-date information about road conditions or any changes to the construction schedule, visit: www.DriveBC.ca

    MIL OSI Canada News –

  • MIL-OSI Security: Europol supports strike-down on criminal organisation smuggling tens of thousands of hazardous salvage cars from the US

    Source: Europol

    The investigation, code-named ‘Nimmersatt’ (‘Insatiable’ in German), extended from the US to Russia, with links to Canada, Hungary, Ireland and the United Kingdom (UK), as well as 11 EU countries. Investigative measures were conducted today and yesterday in Bulgaria, Estonia, Germany, Hungary, Latvia, Lithuania, the Netherlands, Portugal, Romania and Spain.Wrecked cars, fake import papers, cosmetic repairs and tax fraudCriminal organisations…

    MIL Security OSI –

  • MIL-OSI: RTI to Exhibit and Speak at DeviceTalks Boston 2025

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., April 16, 2025 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, will exhibit at DeviceTalks Boston 2025, taking place April 30–May 1 at the Boston Convention Center. At booth #700, RTI will demonstrate how its Connext® software enables intelligent connectivity across complex, distributed medical systems—from remote robotic surgery to next-generation monitoring, imaging, and beyond.

    On day one of the event, RTI CEO Stan Schneider will join NVIDIA’s Senior Director of Business Development for Healthcare, David Niewolny, for a discussion on how next-generation, edge-AI systems operate. NVIDIA provides the AI brain, while RTI delivers the connectivity nervous system for intelligent physical systems. Attendees will learn how AI is being integrated into today’s most advanced systems and what it takes to make them work in real time.

    RTI will also co-present with MedAcuity at the co-located Robotics Summit on “Advancing Remote Surgery: Tackling Latency, Precision, and Security Issues.”

    At booth #700, RTI will demonstrate remote teleoperation technology in collaboration with MedAcuity. The demo will highlight how Connext® software enables real-time control of an off-site robotic arm, showcasing the potential of low-latency connectivity in remote surgery applications.

    With its proven track record among leading healthcare innovators, Connext provides the data backbone that accelerates development and unlocks the potential of intelligent, distributed systems.

    Event Details

    What: RTI at DeviceTalks 2025, Booth #700
    When: April 30 – May 1, 2025
    Where: Boston Convention Center, 415 Summer St, Boston, MA 02210

    Speaking Session Details
    What: Advancing Remote Surgery: Tackling Latency, Precision, and Security Issues
    When: April 30, 2025, from 1:45 PM – 2:30 PM (EDT)
    Where: Room 260, Robotics Summit (co-located with DeviceTalks Boston)
    Who: Darren Porras, Market Development Manager at RTI, and Tom Amlicke, Technical Director, Robotics at MedAcuity

    What: Inside the Machine: How AI Operates in MedTech
    When: April 30, 2025, from 2:30 PM – 3:15 PM (EDT)
    Where: Room 162A, DeviceTalks Boston
    Who: Stan Schneider, CEO at RTI, and David Niewolny, Senior Director of Business Development for Healthcare at NVIDIA

    For more information about RTI at DeviceTalks or to meet with one of our experts, please visit this link.

    About RTI

    Real-Time Innovations (RTI) is the infrastructure software company for smart-world systems. RTI Connext® is the world’s leading software framework for intelligent distributed systems. Uniquely, Connext users can build systems that combine advanced sensing, fast control, and AI algorithms.

    With 2,000 customer designs, RTI excels at getting customers to production. RTI software runs over 300 autonomous vehicle programs, supports dozens of automotive ADAS and software-defined architectures, controls the largest power plants in North America, integrates over 500 major defense programs, drives a new generation of MedTech systems and robotics, and underlies Canada’s air traffic control and NASA’s launch control systems.

    RTI runs a smarter world.

    RTI is the market leader in products compliant with the Data Distribution Service (DDS™) standard. RTI is privately held and headquartered in Silicon Valley with regional offices in Colorado, Spain, and Singapore.

    Download a free trial of the latest, fully-functional Connext software today: www.rti.com/downloads

    The MIL Network –

  • MIL-OSI: The Board of Directors has resolved to carry out directed issues of units totaling approximately SEK 25 million and a fully underwritten rights issue of units of approximately SEK 15 million

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

    The Board of Directors of Terranet AB (”Terranet” or the ”Company”) has today, April 16 2025, with authorization from the annual general meeting on May 21, 2024, decided to carry out a directed issue of 2,956,297 units consisting of B-shares and warrants of series TO9 B to a number of qualified investors of approximately SEK 8.8 million (the “First Directed Issue”). The Board of Directors of the Company has further, subject to subsequent approval by the Annual General Meeting, resolved on a directed issue of 5,461,210 units consisting of B-shares and warrants of series TO9 B to members of the Company’s Board of Directors and management as well as external investors, of approximately SEK 16.2 million (the “Second Directed Issue” and together with the First Directed Issue, the “Directed Issues”). One unit in the Directed Issues consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. To compensate the shareholders who do not participate in the Directed Issues, the Board of Directors of Terranet, subject to subsequent approval by the Annual General Meeting, has resolved on a fully secured rights issue of a maximum of 13,880,714 units consisting of B-shares and warrants of series TO9 B, which, if fully subscribed, will provide the Company with approximately SEK 15 million before deduction of issue costs (the “Rights Issue”). One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The Directed Issues and the Rights Issue are carried out at the same subscription price, with the subscription price set at SEK 0.09 per B-share. Through the Directed Issues, Terranet will raise approximately SEK 25 million before deduction of issue costs, and upon full subscription of the Rights Issue, Terranet will raise approximately SEK 15 million before deduction of issue costs. The notice to the Annual General Meeting will be published through a separate press release.

    Comments from Management
    “We are at a very exciting stage as we intensify our commercialization journey with the goal of signing our first agreement to initiate commercialization during this year. In 2024, Terranet achieved success and delivered on previously set milestones with excellence, laying the foundation for the collaborations and ongoing dialogues with leading industrial players in the market. The capital raise enables us to take the next step from a development-stage company to a commercial enterprise, and I see this as an attractive opportunity to personally take part in this journey together with well-renowned investors who recognize the strong potential of Terranet’s technology”, says Lars Lindell, CEO of Terranet.

    Comments from the Board of Directors
    “We are grateful for the strong confidence shown by our shareholders. Their support has enabled a capital raise on favorable terms with committed and reputable investors, despite an eventful and volatile stock market. Given full subscription of the issued warrants, the capital raise secures our liquidity through the second quarter of 2026. This strengthens our negotiating position and provides a solid foundation for converting the potential and interest in our technology into real shareholder value”, says Torgny Hellström, Chairman of the Board of Directors of Terranet.

    Summary of the Directed Issues and the Rights Issue:

    • The First Directed Issue comprises a maximum of 2,956,297 units. Subscribers in the First Directed Issue include, among others, Hunter Capital AB (publ) (“Hunter”). One unit in the First Directed Issue consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. The subscription price in the First Directed Issue is SEK 2.97 per unit, corresponding to SEK 0.09 per B-share, which represents a premium of approximately 4.0 percent compared to the volume-weighted average price of the Company’s B-share on Nasdaq First North Premier Growth Market between April 7, 2025, and April 11, 2025. The First Directed Issue will provide Terranet with approximately SEK 8.8 million before deduction of issue costs.
    • The Second Directed Issue comprises a maximum of 5,461,210 units and is directed to members of the Board of Directors, management, and external investors, including Johannes Schildt (one of the founders of Kry), White Eye AB, and Scan Invest Limited (“Scan”). One unit in the Second Directed Issue consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. The subscription price in the Second Directed Issue is SEK 2.97 per unit, corresponding to SEK 0.09 per B-share, which is the same subscription price as in the First Directed Issue. The Second Directed Issue will provide Terranet with approximately SEK 16.2 million before deduction of issue costs.
    • The Board of Director’s resolution on the Second Directed Issue is conditional upon approval by the Annual General Meeting, scheduled for May 23, 2025. Notice of the Annual General Meeting will be published through a separate press release.
    • The Rights Issue comprises a maximum of 13,880,714 units. One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The warrants are issued free of charge.
    • The subscription price per unit in the Rights Issue is SEK 1.08 per unit, corresponding to SEK 0.09 per B-share. The subscription price per B-share is the same as in the Directed Issues. Upon full subscription, the Rights Issue will provide Terranet with approximately SEK 15 million before deduction of issue costs.
    • The right to subscribe for units in the Rights Issue shall, with preferential rights, be granted to shareholders in proportion to the number of B-shares they already own, where one (1) existing B-share entitles the holder to one (1) unit right, and eighty-six (86) unit rights entitle the holder to subscribe for one (1) unit.
    • The last day of trading in Terranet’s B-shares including the right to receive unit rights in the Rights Issue is April 25, 2025. The B-shares will be traded excluding the right to receive unit rights from April 28, 2025.
    • The subscription period for the Rights Issue runs from May 27, 2025, up to and including June 11, 2025.
    • The Rights Issue is covered by subscription commitments of approximately SEK 35.2 thousand, corresponding to 0.2 percent of the Rights Issue, and underwriting commitments of approximately SEK 15 million, corresponding to approximately 99.8 percent of the Rights Issue. Thus, the Rights Issue is covered to 100 percent by subscription commitments and underwriting commitments. Hunter has entered into a underwriting commitment amounting to approximately SEK 7.5 million. Furthermore, Scan has also entered into a underwriting commitment amounting to approximately SEK 7.5 million.
    • The full terms and conditions of the Rights Issue, including additional information about the Company, will be available in an information memorandum expected to be published around May 26, 2025 (the “Memorandum”).
    • The purpose of the Rights Issue is to finance the continued development of the BlincVision product, prepare for future commercialization, and repay an existing interest-bearing debt of approximately SEK 8 million.

    Background and rationale in summary
    Terranet is in an expansion phase with the development of BlincVision and has achieved several important milestones in 2024, including successful tests and partnerships with leading players in the automotive industry. To take the next step, financing is required to complete the development of a Minimum Viable Product (MVP) and continue the development towards volume production in collaboration with potential future partners.

    In order to carry out the necessary development work required to commercialize BlincVision and repay the Company’s outstanding interest-bearing debt of approximately SEK 8 million, the Board of Directors of Terranet has identified a need for additional capital. Therefore, the Directed Issues and the Rights Issue are being carried out. The proceeds from the Directed Issues and the Rights Issue will primarily be used for:

    •        Repayment of outstanding loans, approximately 20 percent.
    •        External development costs for components for BlincVision, approximately 25 percent.
    •     In-house development work as well as market and sales activities for BlincVision, approximately 25 percent.
    •        Investments in tangible fixed assets, approximately 10 percent.
    •        Working capital, approximately 20 percent.

    The First Directed Issue
    The Board of Directors of Terranet has today, with the support of the authorization from the Annual General Meeting on May 21, 2024, resolved to carry out the First Directed Issue, which comprises a maximum of 2,956,297 units at a subscription price of SEK 2.97 per unit, corresponding to SEK 0.09 per B-share. Each unit in the First Directed Issue consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. The warrants are issued free of charge. Through the First Directed Issue, the Company will raise approximately SEK 8.8 million before issue costs. The right to subscribe for units will be granted exclusively, deviating from shareholders’ preferential rights, to Hunter and Milad Pournouri.

    The Board of Directors has placed great emphasis on ensuring that the subscription price for the First Directed Issue is market-based in relation to the current share price. After negotiations at arm’s length between the Company and the intended investors, the subscription price has been set at SEK 2.97 per unit, corresponding to SEK 0.09 per B-share, which represents a premium of approximately 4.0 percent compared to the volume-weighted average price of the Company’s B-share on Nasdaq First North Premier Growth Market between April 7, 2025, and April 11, 2025. Considering this, the Board of Directors concludes that the subscription price is market-based and reflects the demand for the Company’s B-shares.

    The Second Directed Issue
    Further, the Board of Terranet has today, subject to approval by the Annual General Meeting scheduled for May 23, 2025, resolved to carry out the Second Directed Issue. The Second Directed Issue comprises a total of 5,461,210 units and is being implemented, among other things, to enable subscriptions by members of the Company’s Board of Directors and management. Since members of the Company’s board of directors and management are subject to Chapter 16 of the Swedish Companies Act (2005:551) (the so-called Leo Act), the Second Directed Issue requires approval from a shareholders’ meeting in the Company. For the decision of the shareholders’ meeting to be valid, at least nine-tenths of both the votes cast and the shares represented at the meeting must vote in favor of the decision. Following approval at the Annual General Meeting, the right to subscribe for units in the Second Directed Issue will be granted to CEO Lars Lindell, CFO Dan Wahrenberg, CCO Jonas Renander, CTO Pierre Ekwall, Chairman of the Board Torgny Hellström, and Board member Magnus Edman, as well as the current shareholder Oliver Aleksov and external investors Johannes Schildt, White Eye AB, Scan, Alex Ghafori, and Max Björs.

    The subscription price for the Second Directed Issue is SEK 2.97 per unit, corresponding to SEK 0.09 per share, which is the same subscription price as in the First Directed Issue. Through the Second Directed Issue, Terranet will raise approximately SEK 16.2 million before issue costs. Each unit in the Second Directed Issue consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. The warrants are issued free of charge.

    Deviation from shareholder’ preferential rights
    The reasons for the deviation from shareholders’ preferential rights and the targeting of the Directed Issues to the Board of Directors, management, existing shareholders, and qualified investors are as follows. Prior to the decision on the Directed Issues, the board carefully examined and considered alternative financing options, including raising capital solely through a rights issue. However, after a comprehensive assessment and considering that a directed issue allows the Company to receive capital sooner, the Board of Directors believes that new issues carried out with a deviation from shareholders’ preferential rights, combined with a rights issue, are a more favorable option for the Company and its shareholders than a rights issue alone. Therefore, the Board of Directors’ assessment is that it is in the best interests of both the Company and its shareholders to proceed with the Directed Issues.

    The reason the Directed Issues is aimed at selected institutional and private investors is that such an issue further diversifies and strengthens the Company’s shareholder base. The reason why one existing shareholder is given the opportunity to participate is that this investor has been a shareholder in the Company for a long period and continues to show great interest in the Company. All of the investors in the Directed Issues have expressed long-term interest and commitment to the Company, which the Board of Directors believes provides security and stability for both the Company and its shareholders. At the same time, other shareholders are given the opportunity to subscribe to units on the same terms through the Rights Issue.

    The Company is in an important phase and requires financing to ensure its long-term operations. According to the Board of Directors’ assessment, a more extensive and isolated rights issue would require significantly more time and resources to execute and would also entail a higher risk of a negative impact on the share price, particularly considering the current volatile and challenging market conditions. From a shareholder perspective, an isolated rights issue thus poses a risk of a negative effect on the share price compared to a directed issue combined with a rights issue. In view of the market volatility, the Board of Directors has assessed that a rights issue, without the Directed Issues, would need to be considerably larger and would therefore also require greater underwriting commitments from an underwriting consortium, which would result in additional costs and/or further dilution depending on the type of compensation for such underwriting.

    Considering the above, the Board of Directors’ collective assessment is that the reasons for carrying out the Directed Issues in combination with a compensation issue in the form of the Rights Issue outweigh the reasons for conducting a more extensive isolated rights issue.

    The Board of Directors has, in connection with the decisions on the Directed Issues, placed significant emphasis on ensuring that the subscription price is market-based in relation to the prevailing share price. After arm’s length negotiations between the company and the qualified investors, the subscription price has been set at SEK 2.97 per unit, corresponding to SEK 0.09 per B-share, which represents a premium of approximately 4.0 percent compared to the volume-weighted average price of the company’s B-share on Nasdaq First North Premier Growth Market between April 7, 2025, and April 11, 2025. Considering this, the board assesses that the subscription price is market-based and reflects the demand for the company’s B-shares.

    The Rights Issue
    To compensate shareholders who do not participate in the Directed Issues, the Board of Directors, subject to subsequent approval by the annual general meeting, has decided to carry out the Rights Issue of up to 13,880,714 units, which, if fully subscribed, could raise approximately SEK 15 million before deduction of issue costs. One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The warrants are issued free of charge.

    Those who are registered as shareholders in Terranet on the record date of April 29, 2025 will receive one (1) unit right for each (1) existing B-share, and eighty-six (86) unit rights will entitle the holder to subscribe for one (1) unit. The subscription price in the Rights Issue will be SEK 1.08 per unit, corresponding to SEK 0.09 per B-share, which is the same subscription price as in the Directed Issues. Participants in the Directed Issues will not receive any unit rights in the Rights Issue for the units subscribed through the Directed Issues.

    In the event that not all units are subscribed through the exercise of unit rights, the Board of Directors will decide on the allocation of units subscribed without the support of unit rights, within the framework of the maximum amount of the Rights Issue. The allocation will be made as follows:

    • First, allocation will be made to those who have subscribed for units using unit rights, regardless of whether the subscriber was a shareholder on the record date. In case of over-subscription relative to the number of unit rights each person used for subscription, allocation will be made based on the number of unit rights exercised, and if this cannot be done, by drawing lots.
    • Second, allocation will be made to others who have subscribed for units without the support of unit rights. If they cannot receive full allocation, it will be done based on the number of units they have subscribed for, and if this cannot be done, by drawing lots.
    • Lastly, any remaining units will be allocated to the underwriters who have entered into underwriting commitments in relation to the size of their respective underwriting commitments, and if this cannot be done, by drawing lots.

    The subscription period will run from May 27, 2025, up to and including June 11, 2025. Trading in unit rights will take place on the Nasdaq First North Premier Growth Market from May 27, 2025, up to and including June 5, 2025, and trading in BTU (paid subscribed units) will take place on the Nasdaq First North Premier Growth Market from May 27, 2025, up to and including June 30, 2025.

    The Company will prepare and publish the Memorandum in connection with the Rights Issue.

    Warrants of series TO9 B
    Each warrant of series TO9 B gives the right to subscribe for one (1) new B-share in the Company. One (1) warrant of series TO9 B entitles the holder to subscribe for one (1) B-share in the Company at a subscription price of SEK 0.18 (equivalent to 200% of the subscription price per B-share in the Directed Issues and the Rights Issue). The subscription for B-shares using the warrants of series TO9 B will take place during the period from December 1, 2025, up to and including December 15, 2025.

    If all warrants of series TO9 B are fully utilized within the framework of the units offered, the Company may receive an additional maximum of approximately SEK 15.1 million. The warrants are intended to be admitted to trading on Nasdaq First North Premier Growth Market.

    Subscription commitments and underwriting commitments
    The Rights Issue is covered by 0.2 percent of subscription commitments, corresponding to approximately SEK 35.2 thousand, and by approximately 99.8 percent of underwriting commitments, corresponding to approximately SEK 15 million. Hunter has entered into a underwriting commitment amounting to approximately SEK 7.5 million. Furthermore, Scan has also entered into a underwriting commitment amounting to approximately SEK 7.5 million.Thus, the Rights Issue is fully covered by subscription commitments and underwriting commitments. The entered subscription commitments and underwriting commitments are not secured by bank guarantees, pledges, or similar arrangements. Subscription commitments have been entered into by Chairman of the Board of Directors Torgny Hellström, CFO Dan Wahrenberg, and CTO Pierre Ekwall. For the underwriting commitments, a underwriting compensation of twelve (12) percent of the underwritten amount will be paid in the form of units. The subscription price for the underwriting compensation amounts to SEK 1.08 per unit, corresponding to SEK 0.09 per B-share, which is the same as the subscription price in the Rights Issue. No compensation is paid for the subscription commitments that have been entered into.

    The Board considers it favorable for the Company to offer compensation to the underwriters in the form of units instead of cash, as it positively impacts the Company’s liquidity. The subscription price in the directed issue to the underwriters was negotiated at arm’s length during the arrangement of the underwriting commitments, in consultation with the financial advisor and after an analysis of usual market factors.

    Shares, share capital and dilution
    Through the First Directed Issue, the number of B-shares in the Company will increase by 97,557,801 B-shares, from 1,193,741,451 B-shares to 1,291,299,252 B-shares. The Company’s share capital will thus increase by SEK 975,578.010, from SEK 11,937,414.510 to SEK 12,912,992.520. The newly issued shares in the First Directed Issue will result in a total dilution effect of approximately 7.6 percent of the number of B-shares and votes in the Company.

    Through the Second Directed Issue, the number of B-shares in the Company will increase by 180,219,930 B-shares, from 1,291,299,252 B-shares to 1,471,519,182 B-shares. The Company’s share capital will increase by SEK 1,802,199.300, from SEK 12,912,992.520 to SEK 14,715,191.820. The newly issued shares in the Second Directed Issue will result in a further dilution effect of approximately 12.2 percent of the number of B-shares and votes in the Company. The dilution effect, the specified number of B-shares and the share capital before and after the Second Directed Issue, consider the B-shares issued in the First Directed Issue.

    The Directed Issues will result in a total dilution effect of 18.9 percent of the number of B-shares and votes in the Company. Through the Directed Issues, the number of B-shares in the Company will increase by 277,777,731 B-shares, from 1,193,741,451 B-shares to 1,471,519,182 B-shares. The Company’s share capital will thus increase by SEK 2,777,777.310, from SEK 11,937,414.510 to SEK 14,715,191.820.

    Upon full subscription in the Rights Issue, the number of B-shares in Terranet will increase by up to an additional 166,568,568 B-shares, from 1,471,519,182 B-shares to 1,638,087,750 B-shares, and the share capital will increase by up to SEK 1,665,685.680, from SEK 14,715,191.820 to SEK 16,380,877.500. For existing shareholders who do not participate in the Rights Issue, this corresponds to an additional dilution effect of approximately 10.2 percent of the votes and share capital in the Company upon full subscription.

    The total dilution effect from full subscription in the Rights Issue, together with the Directed Issues, amounts to approximately 27.1 percent.

    Upon full exercise of all warrants of series TO9 B within the scope of the offered units, the number of B-shares in Terranet will increase by up to an additional maximum of 83,729,677 B-shares, from 1,638,087,750 B-shares to 1,721,817,427 B-shares, and the share capital will increase by up to SEK 837,296.770, from SEK 16,380,877.500 to SEK 17,218,174.270. Full exercise of all warrants of series TO9 B would result in an additional dilution effect of up to 4.9 percent.

    Preliminary timetable for the Rights Issue

    April 25, 2025 Last day of trading in B-shares including the right to receive unit rights
    April 28, 2025 First day of trading in B-shares excluding the right to receive unit rights
    April 29, 2025 Record date for the Rights Issue
    May 26, 2025 Disclosure of the Memorandum
    May 27, 2025 – June 5, 2025 Trading with unit rights
    May 27, 2025 – June 11, 2025 Subscripition period
    May 27, 2025 – June 30, 2025 Trading in paid subscribed units (BTU)
    June 13, 2025 Preliminary date for publication of the outcome in the Rights Issue

    Annual General Meeting
    The Board of Directors’ resolution regarding the Second Directed Issue and the Rights Issue is subject to approval by the Annual General Meeting, which will be held on May 23, 2025. A notice of the Annual General Meeting will be published in a separate press release.

    The Memorandum
    The complete terms and conditions of the Rights Issue, as well as other information about the Company, will be set out in the Memorandum, which will be published by the Company prior to the commencement of the subscription period. The Memorandum is expected to be published on the Company’s website, www.terranet.com, around May 26, 2025.

    Advisers
    Mangold Fondkommission AB is the financial advisor to Terranet in connection with the Directed Issues and the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Directed Issues and the Rights Issue.

    For more information, please contact:
    Dan Wahrenberg, CFO
    E-mail: dan.wahrenberg@terranet.se

    This information is such that Terranet AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person above on April 16, 2025, at 18:00 CET.

    About Terranet AB (publ) 
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.
    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B). Follow our journey at: www.terranet.se

    Certified Adviser to Terranet is Mangold Fondkommission AB.

    Important information
    The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Terranet in any jurisdiction, neither from Terranet nor anyone else.

    This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

    Attachment

    The MIL Network –

  • MIL-OSI Global: Amplifying delusions: How social media can negatively impact our mental well-being

    Source: The Conversation – Canada – By Bernard Crespi, Professor, Evolutionary Biology, Simon Fraser University

    Social media is an evolutionary novelty, like M&M’s, e-cigarettes, fentanyl and H-bombs. Each comes with novel risks to health and well-being that humans are entirely unaccustomed to. (Shutterstock)

    Imagine a tribe of uncontacted hunter-gatherers in the deepest Amazon rainforest. Anthropologists airdrop dozens of smartphones loaded with social media apps, with solar chargers, simple instructions in their native language and Wi-Fi just within the tribe. What would happen to their culture and their mental health?

    Such an experiment appears fanciful, but a similar one has been unfolding in our world for about 20 years. For the first time in human evolution, everyday social interactions have changed from face-to-face to disembodied experiences, from in-person to digital and from social reality to whatever someone puts online.

    Social media is an evolutionary novelty, like M&M’s, e-cigarettes, fentanyl and H-bombs. Each comes with novel risks to health and well-being to which humans are entirely unaccustomed.

    What, then, are the risks of seemingly innocuous behaviours such as sharing posts, giving likes, making oneself look good in pictures, and, in general, interacting virtually rather than physically? The short answer is that we don’t know — yet — especially because our big experiment has no control group.

    But we can try to find out.

    Social media and mental disorders

    We recently investigated the question of what mental disorders are associated with high social media use. To do so, we conducted a systematic review — an objective way to find and evaluate all of the relevant literature. We hypothesized that social media use should be higher among people whose psychology, and psychiatric traits and disorders, were more socially mentalistic.

    Mentalism refers to within-brain traits like theory of mind, inferring intentions or emotions of others and empathizing. Social media is expected to be mentalistic because it involves disembodied thoughts, feelings and associated images, intended to connect us with other humans. Mentalistic thinking contrasts with the mechanistic cognition of scientists plying their trade of cause and effect in the physical, non-mentalistic world of things.

    To test our hypothesis, we scrutinized hundreds of scientific articles, and a curious picture emerged. High social media use was strongly associated with a subset of mentalistic traits and disorders: narcissism, erotomania (the belief that some celebrity loves you), paranoia, body dysmorphia and anorexia.

    These traits and disorders seem unrelated, but we noticed they all centrally involve delusions: false beliefs about reality, held despite absent or contradictory evidence. Some delusions can be mental (narcissism, paranoia, and erotomania), or physical (body dysmorphia and anorexia). Some are positively valanced (narcissism and erotomania) and some are negative (paranoia, body dysmorphia and anorexia).

    Why, then, was social media associated with delusionality?

    Social delusions

    Like other mental traits, delusions exist in one’s brain for a reason. What these mental disorders also appear to share, psychologically, is an underdeveloped and fragile sense and construction of the self, which happens during early life through social interactions with family, friends, and others.

    If one’s mental and perceived bodily self is underdeveloped in childhood, it can, later, be bolstered, and this commonly happens through social interactions that involve beliefs that, though false, make oneself feel better.

    Low self-image and self-esteem can be shored up through admiration or love from outside — with extremes of narcissism or erotomania. Perceived embodiment and body image problems can be enhanced through fictitious beliefs about appearance — with extremes of body dysmorphia and anorexia.

    What better way to do any of these things than with social media and the internet, where users can pursue likes and followers to their heart’s content, and present themselves mentally and physically as they wish, using applications designed specifically for that purpose?

    Most importantly, social media allows users to delusionally “improve” themselves because it circumvents reality testing: the direct, face-to-face interactions we engage in when physically interacting with other people.

    Social media allows one to delusionally ‘improve’ oneself because it circumvents reality testing: the direct, face to face interactions we engage in when physically interacting with other people.
    (Shutterstock)

    Delusion amplification

    As we outline in our paper, the processes just described represent a “Delusion Amplification by Social Media” model that can help explain why and how high social media use is linked with a specific subset of mental disorders that involve delusions and an underdeveloped self.

    By this model, some people are relatively vulnerable, psychologically, to the negative effects of social media, because they are drawn to it, and because it amplifies and exacerbates their problems. This exacerbation is, of course, not benign or accidental; the goal of many social media companies is, after all, to keep us online, scrolling, striving and seeking hits of social pleasure and self-validation.

    What, then, then can be done, aside from cutting the virtual social umbilical cord? First and most crucial is enhanced awareness of our own psychological makeups and how they are affected by specific platforms or apps. The problem with delusions, of course, is lack of awareness that our reality is false — but we can still become more cognizant of the rifts between perceived and actual worlds and what drives them.

    Second is more research, to extend the delusion amplification model, and to better determine the psychological and neurological differences between in-person and virtual interactions, and what mental problems they can cause.

    If we find that social media really is ruining mental health, as suggested by recent increases in narcissism, body dysmorphia and other disorders among young people, then the research will need to be incorporated into policy, so we can regain control over our social lives, our brains and our social worlds.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Amplifying delusions: How social media can negatively impact our mental well-being – https://theconversation.com/amplifying-delusions-how-social-media-can-negatively-impact-our-mental-well-being-252137

    MIL OSI – Global Reports –

  • MIL-OSI Security: Maskwacis — Maskwacis RCMP investigate a kidnapping with a firearm

    Source: Royal Canadian Mounted Police

    In the evening of Monday Feb. 24, 2025, Maskwacis RCMP responded to a call to assist Emergency Medical services in Samson Cree Nation with a male sustaining a gunshot wound. Officers arrived on scene and obtained information that the victim had been kidnapped and tied to a chair in the basement of a residence in Samson Cree Nation. The victim was beaten and received a gunshot wound. The Maskwacis RCMP with the assistance of the RCMP police helicopter and police dog services arrested three suspects.

    Three search warrants were executed in the area. The suspected firearm used in the offence was recovered.

    A 36-year-old individual, a resident of Samson Cree Nation, has been charged with the following offences:

    • Kidnapping with a firearm;

    • Discharge firearm with intent;

    • Aggravated assault;

    • Adult intimidation;

    • Pursuit involved Flight from Peace Officer & 13 Additional charges.

    A 25-year-old individual and an 18-year-old individual, both residents of Samson Cree Nation, have been charged with the following offences:

    • Kidnapping with a firearm;

    • Unauthorized possession of a firearm & 4 additional charges.

    All individuals were taken before a justice of the peace and were remanded into custody. They are scheduled to appear at the Alberta Court of Justice on Feb. 27 and March 4 2025, in Wetaskiwin, Alta.

    Police are actively investigating the firearm that was seized. If you have any information regarding the origins of this firearm please contact the Maskwacis RCMP at 780-585-4600. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8477 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store. To report crime online, or for access to RCMP news and information, download the Alberta RCMP app through Apple or Google Play.

    MIL Security OSI –

  • MIL-OSI Global: How could Canada deter an invasion? Nukes and mandatory military service

    Source: The Conversation – Canada – By Aisha Ahmad, Associate Professor, Political Science, University of Toronto

    United States President Donald Trump has been loud and clear. America’s liberal democratic allies cannot rely on the U.S. to protect them.

    Trump has also suggested using illegal force to achieve his own imperialist ambitions, even against former allies.

    Message received.

    Canadians and Europeans understand the American partnership is over.

    They’re now processing the implications of America’s apparent democratic collapse for global security.

    Does Trump’s stance mean that liberal democracies are now vulnerable to invasions, annexations and theft of natural resources? Yes, it does.



    Read more:
    An American military invasion of Canada? No longer unthinkable, but highly unlikely

    International security scholarship shows that, unless they are deterred, predatory superpowers use force to seize territory and natural resources for the purpose of aggrandizement.

    While an invasion of Canada is not imminent, the threats to democratic nations are now fully detectable and predictable.

    The responsible time to deter these threats is right now.

    Asymmetric deterrence

    Deterrence works when the imposed cost of an action is higher than its expected benefit. That means a hostile power won’t attack Canada if the risks of invasion are higher than the value of seizing our natural resources.

    Given that Canada is extremely resource-rich, that’s a challenge.

    While the Canadian government can make smart choices on military procurement, there is little any Canadian leader can do to transform the Canadian Armed Forces into a superpower army.

    Even if Canada redirected every penny of its budget to defence spending, it could not catch up with American, Russian or Chinese military power. Given this asymmetry, is deterrence possible?

    Absolutely.

    To get there, Canada must take two big steps: first, adopt a “whole-of-society” defence system to protect the homeland; and second, contribute to a democratic nuclear umbrella.



    Read more:
    Amid U.S. threats, Canada’s national security plans must include training in non-violent resistance

    Whole-of-society defence

    In “whole-of-society” defence, all citizens play a role in national security and emergency response. This approach requires mandatory military service and nationwide civil defence preparations.

    Whole-of-society defence not only improves societal resilience, but it also scares away potential invaders.

    Ordinary citizens can in fact defeat superpowers using nothing more than small arms and light weapons. The U.S. and Russia have both been trounced in the past by well-armed resistance movements.

    For a power-drunk dictator, whole-of-society defence is a sobering reality check.

    The presence of a large, well-armed and well-trained domestic population promises invaders a bloody, expensive and protracted ground war. That means high risks, low rewards, skyrocketing costs and decades-long timelines.

    That’s enough to deter a predatory superpower.



    Read more:
    Why annexing Canada would destroy the United States

    Many of Canada’s democratic allies have already embraced whole-of-society defence. Norway, Finland, Sweden and Switzerland all have mandatory military service and civil defence, and sensible gun regulations that allow law-abiding citizens to contribute to national security.

    Canada has every reason to adopt the Scandinavian approach to national defence, including mandatory military and civil service and the removal of some restrictions on Canadian firearms. An excellent model to consider is Sweden’s brand new “Total Defence” system.

    Norwegians, Finns and Swedes are peaceful people who have learned to survive next to a dangerous superpower. Canadians must look at their own vulnerabilities and see the logic and wisdom behind the Scandinavian approach.

    A democratic nuclear umbrella

    Although the 1968 Non-Proliferation Treaty prohibits nuclear weapons development, the Trump administration’s utter disdain for democratic allies has prompted a global rethink. Trump has demanded NATO countries stop relying on the U.S. military and spend more on their own defence.

    Nuclear weapons acquisition complies with his demand.

    Germany and Poland have reopened the nuclear debate, but most European democracies lack the materials to develop their own weapons. Instead, they are looking to France and the United Kingdom to create a new European nuclear umbrella.

    Some Canadians hope the U.K. and French umbrellas could protect Canada, too.

    That’s the wrong mentality.

    The U.K. and France have a combined 515 nuclear weapons. Russia has 5,580.

    Instead of asking the U.K. and France to further stretch their limited arsenals, Canada could step up and contribute to the solution.

    Canada is already a nuclear-threshold state with both the know-how and raw materials to develop a nuclear weapon. It would take time and money, but Canada is in a better position to help than most other European countries.

    Once across the nuclear threshold, Canada would have a bulletproof defence of its homeland. It could then work with the U.K. and France as an equal and reliable partner, contributing to a democratic nuclear umbrella to protect vulnerable allies.

    This would require formal withdrawal from the Non-Proliferation Treaty, but that action doesn’t need to be provocative or unilateral. Canada could co-ordinate its withdrawal with European allies as part of a collective defence of liberal democracies.

    In the face of rising tyranny and superpower conquest, Canada can either choose to be a burden on its overstretched French and British allies or a source of renewed safety for its democratic friends.

    Defending democracy

    Deterrence is hard work, but it is infinitely better than the horrors of invasion.

    Mandatory military service and nuclear weapons may be new ideas for Canadians, but other friendly democracies have been using these strategies for decades.

    The good news is that successful deterrence means stability and peace, so citizens can relax and carry on with their lives. Canadians want this safety for themselves, and for their allies, too.

    The time for Canada to act is now, when threats are foreseeable but not imminent. Waiting until an army amasses at the border is too late.

    To deter aggression, Canadians need to step up and be a little more like their Scandinavian, British and French allies. That is the price of continued freedom.

    Aisha Ahmad receives funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. How could Canada deter an invasion? Nukes and mandatory military service – https://theconversation.com/how-could-canada-deter-an-invasion-nukes-and-mandatory-military-service-253414

    MIL OSI – Global Reports –

  • MIL-OSI Security: Red Deer — Red Deer RCMP execute multiple warrants

    Source: Royal Canadian Mounted Police

    On Apr. 1, 2025, Red Deer RCMP executed multiple search warrants resulting in the arrest of multiple individuals.

    Red Deer RCMP were notified that an individual wanted on outstanding warrants was believed to be in the Red Deer area. Officers from the Red Deer RCMP General Investigations Unit (GIS) located the individual’s vehicle at a hotel located in north Red Deer. The Red Deer RCMP Crime Reduction Team (CRT) obtained a Feeney warrant to arrest the suspect.

    A 41-year old resident of Patricia, Alta, was arrested for outstanding warrants based out of Brooks, Alta., these warrants include:

    • Possession of weapon for a dangerous purpose
    • Uttering threats
    • Fail to comply

    While officers were on scene, a stolen vehicle was observed in the parking lot. A separate warrant was obtained and as a result, a 50-year-old resident of Leduc County, Alta., has been charged with the following offences:

    • Possession of a controlled substance
    • Possession of property obtained by crime over $5000
    • Possession of property obtained by crime under $5000
    • Breach Release Order

    The 50-year-old individual was released on an Undertaking, with conditions, and is scheduled to appear in court on May 28, 2025, at the Alberta Court of Justice in Red Deer.

    Thank you to Brooks GIS, Red Deer GIS, Red Deer CRT, Police Dog Services, Air Services, the Emergency Response Team and Red Deer RCMP General Duty officers for helping to bring this matter to a safe and successful conclusion

    MIL Security OSI –

  • MIL-OSI Security: Wetaskiwin — Wetaskiwin RCMP seized drugs and firearms during a traffic stop

    Source: Royal Canadian Mounted Police

    On March 2, 2025, at approximately 9:50 a.m., the Wetaskiwin RCMP Crime Reduction Unit (CRU) stopped a black Ram 1500 on 53 Street in Wetaskiwin. During the traffic stop, officers developed grounds to arrest the driver and the three passengers under the Controlled Drugs and Substances Act.

    A search of the occupants and the vehicle resulted in the seizure of:

    • 110 grams of fentanyl;

    • 65.7 grams of methamphetamine;

    • A loaded .22 caliber handgun;

    • A loaded sawed off .22 rifle;

    • A shotgun.

    A 47-years-old individual, a resident of Wetaskiwin, was charged with the following offences:

    • Possession a controlled substance for the purpose of trafficking (x2);

    • Firearm related offences (x11);

    • Fail to comply with a release order (x3);

    • Being part of a criminal organization for trafficking.

    A 34-years-old individual, a resident of Wetaskiwin, was charged with the following offences:

    • Possession of a controlled substance for the purpose of trafficking (x2);

    • Firearm related offences (x10);

    • Being part of a criminal organization for trafficking.

    A 38-years-old individual, a resident of Wetaskiwin, was charged with the following offences:

    • Possession a controlled substance for the purpose of trafficking (x2);

    • Firearm related offences (x11);

    • Being part of a criminal organization for trafficking.

    A 40-years-old individual, a resident of Wetaskiwin, was charged with the following offences:

    • Possession a controlled substance for the purpose of trafficking;

    • Firearm related offences (x10);

    • Being part of a criminal organization for trafficking.

    All individuals were all taken before a justice of the peace and remanded in custody with their next court date set for March 4, 2025, to appear at the Alberta Court of Justice in Wetaskiwin.

    Wetaskiwin RCMP is seeking the public’s assistance in identifying the location of, or sightings of criminal activity in your neighbourhood, including trafficking of drugs. Anyone with information in relation to this or other incidents is asked to contact the Wetaskiwin RCMP at 780-312-7200 or your local police. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8377 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store.

    MIL Security OSI –

  • MIL-OSI Security: St. Paul — St. Paul RCMP conducts arrest after drug trafficking investigation

    Source: Royal Canadian Mounted Police

    On Oct. 3, 2024, St. Paul RCMP members started an investigation into drug trafficking at a residence in Saddle Lake Cree First Nation, Alta. After five months of investigation, St. Paul RCMP members were able to procure a search warrant for the property. On March 19, 2025, St. Paul RCMP members, in partnership with RCMP Emergency Response Team, RCMP Police Dog Services and RCMP Eastern Alberta District Crime Reduction Unit executed the search warrant, resulting in the seizure of drugs and weapons as well as the arrest of a suspect known to police.

    As a result of the search warrant, the following items were seized:

    • 130 grams of methamphetamines;
    • 52 grams of cocaine;
    • Canadian currency;
    • Counterfeit Canadian currency;
    • A handgun;
    • 3 rifles;
    • Ammunition;
    • 2 Crossbows; and
    • Assorted weapons such as knives, nun chucks, bass knuckles, batons and swords.

    As a result of the investigation, a 44-year-old individual, a resident of Saddle Lake Cree First Nation, was charged with:

    • Possession of methamphetamines for the purpose of trafficking;
    • Possession of cocaine for the purpose of trafficking;
    • Firearm-related offences (x9); and
    • Unauthorized possession of identity document.

    The individual was brought before a justice of the peace and remanded into custody. He is to appear at the Alberta Court of Justice in St. Paul on April 10, 2025.

    “We would like to thank the various RCMP partners who came to assist on this file” Staff Sergeant Dennis Silliker, Detachment Commander of the St. Paul RCMP. “We are committed to using every resource available in order to bring greater safety to our communities and answer their policing needs. We ask the public to please continue to report any suspicious activity. This allows us to better respond to the issues that are taking place within the community and thus contribute to the safety that everyone seeks.”

    MIL Security OSI –

  • MIL-OSI Canada: Last opportunity for media accreditation for the 80th Anniversary of the Liberation of the Netherlands and the End of the Second World War in Europe

    Source: Government of Canada News

    Ottawa, ON – An official Government of Canada delegation will participate in a series of events to commemorate the Liberation of the Netherlands and the 80th Anniversary of the end of the Second World War in Europe. The delegation will include Second World War Veterans, including some who participated in the Liberation of the Netherlands, representatives from Veterans organizations, and Veterans Affairs Canada officials. A contingent of the Canadian Armed Forces, including units involved in the Liberation of the Netherlands, will also participate in ceremonies and events.

    Events

    All times are Central European Time Zone

    2 May 2025 – 10:00
    Opening of Canada House Pavilion at Oranjepark
    Apeldoorn, Netherlands
    Visitors of all ages are invited to stop by the Canada House Pavilion to learn about Canada’s military service around the world, including the Netherlands.
    Media are asked to register for the opening event at media@veterans.gc.ca
     

    2 May 2025 – 15:00
    Commemorative Ceremony at Groesbeek Canadian War Cemetery
    Groesbeek, Netherlands
    Co-hosted by: Faces to Graves and the Government of Canada
    Media Registration: media@veterans.gc.ca
     

    3 May 2025 – 14:00
    Apeldoorn Liberation Parade
    Apeldoorn, Netherlands
    Media Registration: Media must register by email at pers@apeldoorn.nl or by phone at +31 55 580 1363
     

    4 May 2025 – 11:00
    Commemorative Ceremony at Holten Canadian War Cemetery
    Holten, Netherlands
    Media Registration: Media must register here.
    Deadline for registration April 17
     

    5 May 2025 – 11:30
    Wageningen National Commemoration Capitulations 1945 and Liberation Parade
    Wageningen, Netherlands
    Media Registration: Media must register here.

    Notes for media

    Media who wish to be in attendance to cover events must register where indicated above.

    Media in Canada who wish to broadcast events in the Netherlands can contact Veterans Affairs Canada at the address below for information on how to obtain broadcast rights.

    For more information on the 80th Anniversary of the Liberation of the Netherlands and the End of the Second World War in Europe, please visit this page.

    MIL OSI Canada News –

  • MIL-OSI Security: St. John’s — Cocaine identified as lead drug responsible for overdose deaths in NL, RCMP NL warns users of high purity street-level cocaine

    Source: Royal Canadian Mounted Police

    RCMP NL is warning drug users of the dangers in using cocaine. Recent seizures in this province have determined that current street-level quantities of cocaine are of an extremely high potency. Cocaine currently is the leading drug causing toxicity (overdose) deaths in Newfoundland and Labrador.

    While fentanyl is a highly toxic and dangerous substance, the Office of the Chief Medical Examiner (OCME) has confirmed that cocaine is the most prevalent drug responsible for toxicity deaths within Newfoundland and Labrador. The OCME is reporting a marked increase in both cocaine and fentanyl related toxicity deaths since 2023.

    The OCME has reported a total of 158 toxicity deaths in Newfoundland and Labrador between 2023-2024, of which 87% were accidental deaths. 49% of these deaths involved cocaine alone while 18 % of these deaths involved fentanyl and/or analogs of fentanyl alone. In the remaining deaths, a number of other drugs were detected, including other stimulants such as methylphenidate, ecstasy (MDMA), and amphetamines, other opioids such as morphine, hydromorphone, oxycodone, as well as various Benzodiazepines “Cocaine has caused significant harms in this province in recent years with respect to mortality and hospitalizations. said Chief Medical Examiner for the Province of Newfoundland and Labrador, Dr. Nash Denic. The number of deaths where cocaine has been implicated has steadily risen since 2021 with sharp increases in 2023 and 2024.”

    With drastic changes in the potency of street-level cocaine over the past couple of years, the province has seen drastic increases in the number of cocaine toxicity deaths. From 2018-2022, the province had an annual average of 14 toxicity deaths attributed solely to cocaine. Between 2023-2024, this average has more than doubled, with an annual average of 36 deaths attributed solely to cocaine.

    RCMP Federal Policing Eastern Region has seen a dramatic increase in the purity of street-level cocaine seized in the province, noting recent purity levels between 94-96%. “Up until about 2-3 years ago, cocaine seized at the street-level in the province was on average 15%-20% pure. said Inspector David Emberley of RCMP Federal Policing – Eastern Region. In the last couple of years, this purity level has risen to an average of over 90% purity, which can easily result in overdose and death. Unfortunately, many people have a cavalier attitude towards cocaine use and are likely not aware of its fatal impacts.”

    RCMP officers throughout the province are equipped with Naloxone kits, which are also readily available for free for the general public through Gov NL’s Health Services. Naloxone kits are only effective for suspected opioid overdose situations and are not effective for those under the influence of cocaine. Information on how to obtain a Naloxone kit can be found here:

    Naloxone Kit Distribution Sites – Health and Community Services

    If you suspect someone is experiencing a cocaine overdose, please call 911 immediately and obtain medical support. Residents are reminded of the Good Samaritan Drug Overdose Act, which offers some legal protections to those who experience or witness a drug overdose. More information on the Good Samaritan Drug Overdose Act can be found here:

    About the Good Samaritan Drug Overdose Act – Canada.ca

    Those who are suffering from drug addiction are encouraged to reach out for support. More information on available supports can be found here:

    Mental Health and Addictions – Health and Community Services

    MIL Security OSI –

  • MIL-OSI: Athene Enhances Flagship Annuity Products, Expands Innovative Preset Allocation Feature

    Source: GlobeNewswire (MIL-OSI)

    WEST DES MOINES, Iowa, April 16, 2025 (GLOBE NEWSWIRE) — Athene, the leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE:APO), today announced new features on two of its flagship annuity products, designed to simplify the user experience.

    The Athene AccumulatorSM Fixed Indexed Annuity products now include Preset Allocations, a simplified allocation feature designed to make sophisticated diversification strategies easier to implement. In addition, the Athene ProtectorSM Fixed Indexed Annuity products now include a streamlined index lineup and new interest crediting strategies and rider options to help clients more easily navigate the product and focus on its protection features. Both products are designed to provide protected accumulation.

    “Athene is on a mission to make annuity products simpler to understand and easier to use,” said Mike Downing, Athene Chief Operating Officer. “These enhancements are about providing the best possible experience to financial professionals so that they can help their clients retire with certainty.”

    These enhancements are part of Athene’s ongoing efforts to simplify the user experience for annuity products. Earlier this year, Athene and Jackson National Life Insurance Company became the first carriers to complete a paperless transaction for replacement annuity business as part of the Insured Retirement Institute’s (IRI) Digital First Initiative.

    “Athene’s leadership is transforming the annuity experience for consumers and financial professionals,” said Downing. “Paperless replacements help reduce the processing time from 2-4 weeks to 48-72 hours. Now product-level enhancements like these can save financial professionals even more time as they set their clients up for success.”

    About Athene
    Athene is the leading retirement services company with over $360 billion of total assets as of December 31, 2024, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit www.athene.com.

    Contact:
    Alyssa Castelli
    Director, External Relations
    +1 (646) 768-7304
    Alyssa.castelli@athene.com

    The MIL Network –

  • MIL-OSI United Kingdom: Portsmouth nurtures trade partnerships with Canada

    Source: City of Portsmouth

    The city of Portsmouth recently hosted a significant visit from Jason Guidry, Director of Trade and International Partnerships from Halifax Partnership Canada, along with a large delegation of Canadian businesses. This four-day event, held from 7 to 10 April aimed to foster new business relationships and explore collaborative opportunities between Portsmouth and Halifax, Nova Scotia.

    The visit commenced with an event hosted by Maritime UK Solent at the Portsmouth Historic Dockyard, bringing together over 70 Solent-based and Canadian businesses. This gathering provided a platform for sharing maritime business opportunities.

    Following on from the first day, Jason Guidry then had personal meetings with 14 Portsmouth businesses across the city who were interested in diversifying their supply chain by finding trading partners and new markets and customers in Canada.

    The discussions focused on expanding opportunities in data and digital services, life sciences, satellite applications and maritime. Additionally, both sister cities are keen to explore partnerships between naval bases and ports, visitor economy links, and best practices in clean technology and sustainability.

    Jason Guidry, Director of Trade and International Partnerships at Halifax Partnership said:

    “Strengthening ties between Portsmouth and Halifax opens the door to new and expanded business, trade, investment, and supply chain opportunities and partnerships that will accelerate business and economic growth in both our regions.”

    Councillor Steve Pitt Leader of Portsmouth City Council with responsibilities for Economic Development commented on the visit, saying:

    “In a changing world, international cooperation is vital. We are seizing every opportunity to help our businesses grow and strengthen our local economy.

    Welcoming the Canadians highlighted a real potential to further develop significant partnerships for our businesses and visitor economy.”

    The business who took advantage of the opportunity included Visitor Chat Ltd, Sirius Analysis, Red Penquin, Metaverse VR, SI Digital, Mary Rose, Exposure Analytics Ltd, Nova Systems, CTS Europe Ltd (recent winner of Global Business of the Year at the Portsmouth Business Awards), Solent Sky Services, Velocetec, Houlder, Space South Central and Qinetiq.  These meetings were held at various locations across the city, including Lakeside North Harbour, Portsdown Technology Park, and Dunsbury Park.

    This visit marks a notable step in the ongoing partnership between Portsmouth and Halifax Nova Scotia which became sister cities in 2023. The formal agreement signed between the two cities aims to expand opportunities for businesses and foster economic growth through international collaboration.

    For more information about Portsmouth businesses visit investportsmouth.co.uk

    Image: From L to R: Jason Guidry with Ella  Vandenberghe  and Abbie-Rose Smith from Visitor Chat Ltd

    MIL OSI United Kingdom –

  • MIL-OSI Security: Antigonish — Antigonish County District RCMP charge New Glasgow Regional Police officer with sexual assault

    Source: Royal Canadian Mounted Police

    Antigonish County District RCMP has charged a man in relation to a sexual assault that occurred in Antigonish in 2007.

    In June 2024, Antigonish County District RCMP received a report of a sexual assault that had occurred during the summer of 2007. Investigators learned that the woman was sexually assaulted by a man at an event at a private home. She was a youth at the time of the assault.

    In April 2025, Cpl. Kyle Lesko, 38, of the New Glasgow Regional Police was served with a court summons for one count of Sexual Assault. His first court appearance is scheduled for May 21, 2025, at Antigonish Provincial Court. Lesko was initially arrested in January and released pending further investigation.

    Lesko was a serving member of the Trenton Police Force in 2007 and was off-duty at the time of the assault.

    The investigation is ongoing and continues to be led by Antigonish County District RCMP.

    The RCMP takes all allegations of sexual violence seriously. If you are experiencing, or have experienced, sexual violence, including sexual assault, you are not alone. The RCMP adopts a trauma-informed approach and survivors can contact investigators and discuss an incident before deciding to further participate in the investigation and court process. Survivor supports are available, including through the RCMP Victim Services program.

    MIL Security OSI –

  • MIL-OSI Security: Whitbourne — Whitbourne RCMP responds to tractor trailer crash on Route 202, trailer full of contraband cigarettes located and seized

    Source: Royal Canadian Mounted Police

    A 53-year-old Ontario man was arrested by Whitbourne RCMP on April 13, 2025, after crashing a transport truck on Route 202 that police later determined contained a trailer full of contraband cigarettes.

    Shortly before 5:00 p.m. on Sunday, Whitbourne RCMP received the report that a tractor trailer had departed the roadway and went down over an embankment on Route 202. Police attended the scene and located evidence to support that there was contraband tobacco in the trailer.

    The scene was secured overnight and a search warrant, authorized under the Criminal Code, was executed on April 14, 2025. Police accessed the trailer to conduct a search and found that the trailer was full of contraband tobacco. The contraband product was seized and the quantity of the seizure is be processed at this time.

    The driver was released from custody and is set to appear in court at a later date to answer to charges under the Excise Act, 2001 and the Revenue and Administration Act.

    The investigation is continuing.

    RCMP NL continues to fulfill its mandate to protect public safety, enforce the law, and ensure the delivery of priority policing services in Newfoundland and Labrador.

    MIL Security OSI –

  • MIL-OSI: NANO Nuclear Energy Launches Recruitment Drive to Build Full-Scale KRONOS MMR Reactors

    Source: GlobeNewswire (MIL-OSI)

    NANO Nuclear Aims to Expand Engineering and Project Development Team to Support U.S. and Canadian KRONOS MMR Energy System Reactor Construction and Licensing Efforts

    New York, N.Y., April 16, 2025 (GLOBE NEWSWIRE) — Nano Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or the “Company”) is launching a recruitment initiative focused on the Midwest region to support its ambitious plans to construct, demonstrate and gain regulatory approval for full-scale KRONOS MMR Energy Systems in both the United States and Canada.

    NANO Nuclear’s plans to extend its technical and project execution team are critical in the Company’s transition from design to ultimate commercial deployment of the proprietary, stationary KRONOS microreactor. In tandem with upcoming geological characterization work at the University of Illinois Urbana-Champaign (UIUC) site, this workforce build-out will consolidate the expertise and provide the personnel necessary to complete the construction permit application and begin construction of the first KRONOS prototype on the UIUC campus shortly thereafter.

    Rendering of the KRONOS MMRTMEnergy System

    “As we prepare to break ground on the KRONOS reactor prototype at UIUC, it’s time to scale our team to match our vision,” said James Walker, Chief Executive Officer of NANO Nuclear. “This is a call to the best and brightest in nuclear and energy innovation in the Midwest region—we’re building a reactor, and we need you on the team.”

    Now Hiring Across All Core Disciplines

    NANO Nuclear is actively recruiting top talent across a variety of critical disciplines for the KRONOS MMR project. Open positions include:

    • Nuclear Engineers – Fuel & materials, reactor physics, thermal hydraulics, safety, and licensing
    • Mechanical Engineers – design, structural, CAD, balance of plant
    • Electrical Engineers – Instrumentation & control (I&C), power electronics, transmission
    • Civil Engineers & Geotechnical Experts – Site layout, structural foundations, drilling operations
    • Project Managers & Construction Specialists – Full-cycle oversight from permitting through commissioning
    • QA/QC Professionals – Nuclear-grade standards, documentation, and supplier oversight
    • Licensing & Regulatory Affairs Experts – NRC and CNSC compliance and filings
    • Skilled Technicians – Fabrication, assembly, testing, and field support

    Applicants with previous experience in nuclear R&D, DOE national labs, SMR or MMR programs, or international reactor development are especially encouraged to apply.

    “Our collaboration with UIUC will be a critical operations hub for our KRONOS reactor development effort,” said Jay Yu, Founder, Chairman and President of NANO Nuclear. “It will house the growing team that’s building not only our U.S. research reactor, but also laying the foundation for our demonstration reactor deployment in Canada, which will open the path for eventual commercial rollout in both the U.S. and Canada.”

    Canadian Reactor Construction Also in Focus

    In parallel with the UIUC research reactor, Nano Nuclear is actively preparing to construct a KRONOS demonstration reactor in Canada, where it will enter the licensing process under Canadian Nuclear Safety Commission (CNSC) oversight. The effort will establish a second fully licensed KRONOS unit, positioning NANO Nuclear to efficiently move its microreactor technology through construction, demonstration, regulatory licensing and eventual commercialization across North America.

    “Canada represents an incredible opportunity for clean, reliable microreactor deployment,” added Florent Heidet, Chief Technology Officer and Head of Reactor Development of NANO Nuclear. “By expanding our team and bringing additional talents onboard, we ensure we have the capacity to deliver simultaneous full-scale projects in two countries, each with independent regulatory pathways and future market potential.”

    Join the Team Shaping the Future of Nuclear Energy

    NANO Nuclear is a company that doesn’t just imagine the future—it’s engineering it, constructing it and moving towards regulatory licensing for it. With multiple microreactor project in progress, fuel qualification methodology already accepted by the NRC, and strategic partnerships underway, NANO Nuclear is one of the most active and ambitious advanced nuclear developers in the world.

    “This recruitment drive is about finding those who want to be part of history,” said James Walker, Chief Executive Officer of NANO Nuclear. “If you want to help build the next generation of nuclear reactors from the ground up—this is your chance.”

    How to Apply

    Interested candidates can view open positions, including details regarding salary ranges and benefit offerings, and apply directly at:

    https://nanonuclearenergy.com/careers

    For inquiries, please contact:
    Email: careers@nanonuclearenergy.com
    Business Tel: (212) 634-9206

    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 statement relate to the NANO Nuclear’s recruitment drive and its development, demonstration, licensing and commercial plans, each as described herein. 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 fuel 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, the Canadian Nuclear Safety Commission (CNSC) and the U.S. Nuclear Regulatory Commission (NRC), 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: CUSIP Request Volumes for New Corporate Debt and Equity Instruments Increase in March

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., April 16, 2025 (GLOBE NEWSWIRE) — CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for March 2025. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly increase in request volume for new corporate debt and equity identifiers, while monthly request volume for new municipal identifiers was slightly lower.

    North American corporate CUSIP requests totaled 8,447 in March, which is up 4.2% on a monthly basis. On an annualized basis, North American corporate requests were down 16.9% over March 2024 totals. The monthly increase was driven by a 2.4% rise in request volume for U.S. corporate debt identifiers and a 5.5% increase in request volume for U.S. corporate equity identifiers.

    The aggregate total of identifier requests for new municipal securities – including municipal bonds, long-term and short-term notes, and commercial paper – fell 1.1% versus February totals. On a year-over-year basis, overall municipal volumes were up 11.4% through the end of March. Texas led state-level municipal request volume with a total of 106 new CUSIP requests in March, followed by California (104) and New York (81).

    “We are seeing a steady volume of new corporate debt and equity issuance throughout the first quarter,” said Gerard Faulkner, Director of Operations for CGS. “As interest rates fluctuate and uncertainty around the future of the U.S. economy continues to grow, it will be interesting to see if that pace continues.”

    Requests for international equity CUSIPs rose 2.6% in March and international debt CUSIP requests fell 5.9%. On an annualized basis, international equity CUSIP requests were up 9.0% and international debt CUSIP requests were up 20.5%.

    To view the full CUSIP Issuance Trends report for March, please click here.

    Following is a breakdown of new CUSIP Identifier requests by asset class year-to-date through March 2025:

    Asset Class 2025 YTD 2024 YTD YOY Change
    Long-Term Municipal Notes 100 63 58.7%
    Private Placement Securities 1,123 912 23.1%
    International Debt 1,793 1,488 20.5%
    U.S. Corporate Debt 8,518 7,285 16.9%
    Municipal Bonds 2,258 1,979 14.1%
    International Equity 434 398 9.0%
    U.S. Corporate Equity 3,115 2,939 6.0%
    Syndicated Loans 700 702 -0.3%
    Canada Corporate Debt & Equity 1,693 1,861 -9.0%
    Short-Term Municipal Notes 192 246 -22.0%
    CDs < 1-year Maturity 2,216 2,880 -23.1%
    CDs > 1-year Maturity 1,803 2,530 -28.7%


    About CUSIP Global Services

    CUSIP Global Services (CGS) is the global leader in securities identification. The financial services industry relies on CGS’ unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 50 plus years has helped CGS earn its reputation as the industry standard provider of reliable, timely reference data. CGS is also a founding member of the Association of National Numbering Agencies (ANNA) and co-operates ANNA’s hub of ISIN data, the ANNA Service Bureau. CGS is managed on behalf of the American Bankers Association (ABA) by FactSet Research Systems Inc., with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.

    About The American Bankers Association

    The American Bankers Association is the voice of the nation’s $24.2 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.1 trillion in deposits and extend $12.6 trillion in loans.

    For More Information:

    John Roderick
    john@jroderick.com
    +1 (631) 584.2200

    The MIL Network –

  • MIL-OSI Security: Springdale — Off-duty RCMP officer comes upon single-vehicle crash, teenaged driver arrested for impaired operation and refusing breath test

    Source: Royal Canadian Mounted Police

    A teenaged novice driver was arrested by Springdale RCMP for impaired operation after crashing a vehicle on Route 410, near the Trans-Canada Highway.

    At approximately 5:30 p.m., while off-duty, a police officer with Baie Verte RCMP came upon the scene of a crash and called 911. A vehicle was resting on its roof in a ditch and was heavily damaged. The driver, who held a beginner’s permit, was located at the scene and showed signs of alcohol impairment. On-duty RCMP officers from Springdale and Baie Verte detachments arrived at the scene. The driver was transported to Springdale hospital for treatment of minor injuries.

    At the hospital, the driver was arrested for impaired operation and refused to provide blood samples. She was released from custody and is set to appear in court at a later date to face charges of impaired operation and refusing to comply with a blood demand. The driver received a licence suspension and the vehicle was seized and impounded.

    RCMP NL continues to fulfill its mandate to protect public safety, enforce the law, and ensure the delivery of priority policing services in Newfoundland and Labrador.

    MIL Security OSI –

  • MIL-OSI: Intermex to Release First Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 16, 2025 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI), also known as Intermex, will release its First Quarter 2025 earnings before the start of trading on Wednesday, May 7, 2025. The Intermex management team will be hosting a conference call on the same day at 9:00 am ET.

    Interested parties are invited to join the discussion and gain firsthand knowledge about Intermex’s financial performance and operational achievements through the following channels:

    • A live broadcast of the conference call may be accessed via the Investor Relations section of Intermex’s website at https://investors.intermexonline.com/.
    • To participate in the live conference call via telephone, please register HERE. Upon registering, a dial-in number and unique PIN will be provided to join the conference call.
    • Following the conference call, an archived webcast of the call will be available for one year on Intermex’s website at https://investors.intermexonline.com/.

    About International Money Express, Inc.
    Founded in 1994, Intermex applies proprietary technology, enabling consumers to send money from the United States, Canada, and Europe to more than 60 countries. The Company provides the digital movement of money through a network of agent retailers in the United States, Canada, and Europe; Company-operated stores; our mobile app; and the Company’s websites. Transactions are fulfilled and paid through thousands of retail and bank locations around the world. Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico, Guatemala City, Guatemala, London, England, and Madrid, Spain. For more information about Intermex, please visit www.intermexonline.com.

    Investor Relations:
    Alex Sadowski
    Investor Relations Coordinator
    Tel: 305-671-8000
    IR@intermexusa.com

    The MIL Network –

  • MIL-OSI: Questor Announces December 31, 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announced today its financial and operating results for the fourth quarter and year ended December 31, 2024.  

    Questor’s audited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2024 are available on the Company’s website at www.questortech.com/quarterly-reports and at www.sedarplus.ca.

    Unless otherwise noted, all financial figures are presented in Canadian dollars, prepared in accordance with International Financial Reporting Standards and are unaudited for the three months ended December 31, 2024.

    FOURTH QUARTER AND 2024 CONSOLIDATED FINANCIAL RESULTS

      Three months ended December 31,   Twelve months ended December 31,  
    For the 2024   2023   2024   2023  
    (Stated in CDN $)        
    Revenue 1,775,892   1,445,128   4,520,580   7,190,871  
    Gross profit 595,405   738,031   1,233,410   2,730,907  
    Adjusted EBITA(1) 5,246   152,543   (1,450,452)   488,787  
    Loss for the period (1,041,393)   (891,982)   (3,233,997)   (4,806,412)  
    Loss per share – basic and diluted (0.04)   (0.03)   (0.12)   (0.17)  
             
    As at         December 31, 2024     December 31, 2023  
    (Stated in CDN $)        
    Working capital(2)     7,570,934   11,844,178  
    Total assets     24,090,332   27,125,820  
    Total equity     21,110,076   24,357,652  

    (1)Non-GAAP financial measure. Refer to “Non-GAAP Financial Measures” section at the end of this MD&A.
    (2)Working capital is defined as total current assets less total current liabilities.

    Revenue for the three and twelve months ended December 31, 2024 was $1.8 million and $4.5 million compared to $1.4 million and $7.2 million for the same periods in 2023. The reduction was mainly attributed to a strategic shift in Questor’s business focus towards the international market. Questor’s USA sales team was hired in the second half of 2024 with a focus on rebuilding rental and sales revenue lost primarily due to merger and acquisition activity combined with regulatory changes in the space over the past few years. The revenue focus is primarily in the Permian basin, Colorado, North Dakota, New Mexico and Wyoming. The company is exploring potential rental opportunities in Mexico, with rental activities set to begin in Q1 2025. While short-term results were impacted by the change in our client base combined with regulatory changes, our refreshed focus on global markets with opportunities to eliminate methane and VOC emissions will position the Company for stronger, more diversified and ultimately more sustainable growth in the long term. As at the date of this press release, the Company has secured $4.5 million of committed equipment sales revenue, expected to be fulfilled in the first half of 2025.

    Gross profit as a percentage of revenue for the three and twelve months ended December 31, 2024 was 34 percent and 27 percent compared to 51 percent and 38 percent for the same periods in 2023. The reduction for the twelve and three months ended December 31, 2024 compared to the prior periods is mainly due to a lower revenue, where the Company continues to incur fixed costs and due to the revenue and sales mix. Additionally, 2024 cost of sales expense benefited from the absence of a $0.2 million valuation allowance for slow-moving inventory, which was recognized in 2023.

    Adjusted EBITDA for the three and twelve months ended December 31, 2024 was nil and negative $1.5 million, compared to positive $0.2 million and $0.5 million for the same periods in 2023. The reduction in Adjusted EBITDA is mainly due to lower revenue, where the Company continues to incur operational and administrative fixed costs.

    The Company continues to have a strong financial position at December 31, 2024 including cash and cash equivalents of $5.3 million, $1.7 million of highly liquid short-term investments, and working capital of $7.6 million.

    2024 HIGHLIGHTS AND SUBSEQUENT EVENTS

    In the fourth quarter of 2024, Questor received the final payment of $1,393,246 for the milestone one of the Waste Heat to Power project from Sustainable Development Technology Canada (“SDTC”).

    The construction of the 1500kW waste heat to power prototype neared completion in Q4, with final testing underway in Q1 2025. Commissioning is scheduled to begin in Q2 2025. Meanwhile, Questor has advanced negotiations and preparations for the prototype’s field demonstration, with the field deployment expected in the second half of 2025.

    On February 9, 2024, Questor commenced Normal Course Issuer Bid (“NCIB”) allowing Questor to purchase a maximum of 1,400,000 common shares over the 12-month period for cancellation. NCIB is effective until the earliest of (i) February 7, 2025, (ii) the Company purchasing the maximum of 1,400,000 Shares, and (iii) the Company terminating the NCIB. In connection with the current NCIB, Questor entered into an automatic share purchase plan (“ASPP”) with its designated broker to enable the purchase of shares during blackout periods during which the Company would not ordinarily be permitted to purchase shares. Purchases under the ASPP during those periods are determined by the designated broker in its sole discretion based on the purchasing parameters set by Questor in accordance with the rules of the TSX Venture Exchange, applicable securities laws and the terms of the ASPP. Outside of the periods noted above, purchases under the current NCIB are completed at Questor’s discretion. As of December 31, 2024 under the current NCIB and the instructions in place with the broker, Questor purchased for cancellation of 671,500 shares for the weighted average of $0.48. Subsequent to the year-end, the Company’s NCIB expired and was formally concluded on February 7, 2025. As a result of the NCIB, which was active from February 9, 2024 to February 7, 2025, the Company repurchased and cancelled a total of 731,500 shares at a weighted average price of $0.47 per share.

    In the first quarter of 2025, Questor announced a $0.9 million purchase order to supply clean combustion solutions for managing railcar vapours at Caltrax Inc.’s Calgary facility. During the same period, the company also secured a $2.4 million contract in Iraq, marking the second unit supplied in the MENA region for a leading global exploration and production company focused on reducing flaring and methane emissions.

    PRESIDENT’S MESSAGE

    The global regulatory landscape for emissions is rapidly evolving, with increasing pressure from regulators, courts, investors, and the public to reduce flaring and venting in industrial operations. As a result, Questor is seeing significant global interest in our technology solutions to help address these critical challenges.

    Flaring and venting not only waste valuable resources but also contribute significantly to air pollution. This practice releases methane, hydrocarbons, fine particulates (PM2.5), and volatile organic compounds (VOCs) such as benzene, toluene, ethylbenzene, xylene, formaldehyde, and acetaldehyde into the atmosphere. These harmful pollutants have been directly linked to higher cancer rates, respiratory diseases, and other chronic health conditions. Methane, in particular, is a climate “super pollutant” with 86 times the warming potential of carbon dioxide over 20 years. It is responsible for 30% of observed global warming to date, making it a key target for climate change mitigation.

    At Questor, we offer proven solutions to combat these challenges. Our ISO 14034-certified thermal oxidizer achieves a 99.99% combustion efficiency, ensuring that our clients can demonstrate compliance with emissions standards and eliminate the release of harmful pollutants. This clean combustion technology significantly reduces health risks in surrounding communities, including respiratory illnesses and cancers. Additionally, our organic Rankine cycle (ORC) repurposes heat from methane combustion, creating a revenue stream that offsets the costs of achieving net-zero carbon dioxide equivalent emissions.

    Many major oil and gas producers have pledged to reduce flaring, venting, and methane emissions while working toward net-zero goals. Questor’s innovative combination of clean combustion and waste heat-to-power technology enables our clients to meet these all these commitments at a net-zero cost.

    Questor’s multi-year strategy to intentionally diversify revenue streams globally has focussed on those jurisdictions that have created favorable conditions that have considered the environmental and social impacts of energy production and want to grow their future production in a sustainable manner. As an example, the Iraq contract awarded early 2025 in partnership with OilSERV was for TotalEnergies EP Ratawi Hub, as a part of the multi-energy Gas Growth Integrated Project (GGIP) operated by TotalEnergies. The GGIP is designed to enhance the development of Iraq’s natural resources to improve the country’s electricity supply. This 4-in-1 project comprises the recovery of gas that is currently flared at three oil fields in southern Iraq to supply electric power plants, the redevelopment of the Ratawi oil field, the construction of a 1 GWac (1.25GWp) solar farm and of a seawater treatment plant. The Questor Q5000 Unit will initially treat 2.1 MMSCFD of associated gas during the pilot phase. Subsequently, the unit will treat an additional 1.2 to 2 MMSCFD of low-pressure gas, maximizing the Q5000’s potential and reducing site GHG emissions in the frame of AGUP Phase 1 development. This is the second unit that TotalEnergies has purchased in the Middle East North Africa (MENA) region. TotalEnergies exemplifies the ideal partner for Questor’s solutions, utilizing our thermal oxidizer to reduce methane and VOC emissions, and the future potential of utilizing waste-heat in the GGIP and converting it to power with our 1.5MW Organic Rankin Cycle (ORC) generator.

    To accelerate global adoption, we have partnered with key industry leaders. In Iraq, we collaborate with OilSERV, a top-tier integrated oilfield services provider in the Middle East. In Nigeria, we are represented by Ar-Rahman Technical Services Nig. Limited. In Latin America, our partnership with Hoerbiger, an established multinational company with over 120 locations in 50 countries, further expands our reach. In Mexico, we work with JHJ and GSM Carso, leading service providers supplying units to Pemex. Over the past three years, we have built strong relationships with these partners, educating them on our technology and supporting them in client engagements. With a 25-year track record of eliminating flaring and venting, we are confident that Questor can set the standard for best practices in these regions.

    As global incentives for methane and VOC reduction continue to grow, Questor is uniquely positioned to help clients improve environmental performance while strengthening their community relations. We anticipate that both new and existing clients will view Questor as the ideal partner to accelerate the attainment of their environmental pledges—reducing emissions while simultaneously cutting costs and generating revenue.

    Finally, we acknowledge the evolving political and economic landscape and its potential impact on our operations. We have assessed the risks associated with tariffs and remain confident in our ability to adapt. With strategically positioned inventory in Canada and the United States and established supply chains across North America, Questor is well-prepared to navigate uncertainties. Our global partnerships further diversify our revenue streams, ensuring continued resilience and growth.  

    As we move forward, Questor remains committed to driving innovation, sustainability, and global leadership in emissions reduction.

    FORWARD LOOKING STATEMENTS

    Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. This news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    ABOUT QUESTOR TECHNOLOGY INC.

    Questor Technology Inc., incorporated in Canada under the Business Companies Act (Alberta) is an environmental emissions reduction technology company founded in 1994, with global operations. The Company is focused on clean air technologies that safely and cost effectively improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high efficiency clean combustion systems that destroy harmful pollutants, including Methane, Hydrogen Sulfide gas, Volatile Organic Hydrocarbons, Hazardous Air Pollutants and BTEX (Benzene, Toluene, Ethylbenzene and Xylene) gases within waste gas streams at >99.99 percent efficiency per its ISO 14034 Certification. This enables its clients to meet emission regulations, reduce greenhouse gas emissions, address community concerns and improve safety at industrial sites.

    The Company also has proprietary heat to power generation technology and is currently targeting new markets including landfill biogas, syngas, waste engine exhaust, geothermal and solar, cement plant waste heat in addition to a wide variety of oil and gas projects. The combination of Questor’s clean combustion and power generation technologies can help clients achieve net zero emission targets for minimal cost. The Company is also doing research and development on data solutions to deliver an integrated system that amalgamates all the emission detection data available to demonstrate a clear picture of the site’s emission profile.

    The Company’s common shares are traded on the TSX Venture Exchange under the symbol “QST”. The address of the Company’s corporate and registered office is 1920, 707 – 8th Avenue S.W. Calgary, Alberta, Canada, T2P 1H5.

    QUESTOR TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL ‘QST’

    Investor Relations Contact

    Aly Sumar – Chief Financial Officer

    investor@questortech.com

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This document is not intended for dissemination or distribution in the United States.

    The MIL Network –

  • MIL-OSI: Aviva’s Charged for Change Program to Power Up another 10 Canadian Communities with EV Charging Stations

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 16, 2025 (GLOBE NEWSWIRE) — Aviva Canada is thrilled to announce that an additional 10 communities across Canada will soon be equipped with Level 2 electric vehicle (EV) charging stations thanks to its Charged for Change program, presented in partnership with Earth Day Canada. This year also marks the first time the program will fund EV infrastructure projects on First Nations territory.

    The recipients are:

    • We’koqma’q First Nation, NS
    • qathet Regional District, BC
    • Municipality of Neguac, NB
    • Village of Arcadia, NB
    • Municipality of Thames Centre, ON
    • Town of Essex, ON
    • Town of Fort Erie, ON
    • Town of Otterburn Park, QC
    • Town of Gravelbourg, SK
    • Town of Radisson, SK

    Charged for Change is an initiative aimed at addressing barriers to EV adoption in communities that lack adequate access to public charging infrastructure. Since 2021, this $3 million partnership has enabled municipalities and Indigenous communities to apply for funding to install Level 2 EV charging stations. In its first two years, the program successfully provided funding for public charging stations to 15 municipalities across Canada.

    “We’re grateful for the enthusiastic response from municipalities to our Charged for Change initiative, and pleased that Aviva has made a positive difference in multiple communities across the country,” stated Pascal Dessureault, Aviva Canada’s Chief Public Affairs, Marketing and Communications Officer. “While this marks the final year of the program, we know there’s still so much more to be done to support the climate transition and we’re eager to explore those opportunities.”

    Valérie Mallamo, Executive Director of Earth Day Canada, added, “For three years, Charged for Change and our partnership with Aviva Canada has supported small, rural communities across Canada in making their EV public infrastructure projects a reality. We’re very excited for this final cohort of communities to benefit from the program and to see them support EV adoption for their residents.”

    Testimonials from year three Charged for Change recipients:

    “The addition of new EV charging stations reflects Fort Erie’s ongoing commitment to building a greener future. This grant allows us to expand our efforts to combat climate change. It’s encouraging to see our community take tangible steps towards continued sustainability, such as welcoming our first EV and enhancing local charging infrastructure.”
    — Wayne Redekop, Mayor, Town of Fort Erie

    “We’koqma’q First Nation applied for Charged for Change funding because we are committed to building a greener, more sustainable future for our community. With the climate challenges we face, including rising water levels and increased flooding, we know the importance of taking action now. This funding allows us to invest in cleaner transportation and infrastructure, helping us reduce emissions and move towards energy independence. Receiving this support is a huge step forward for our community, and we are excited about the positive impact it will have for generations to come.”
    – Jordan Keeling, Director of Public Works, We’koqma’q First Nation

    “The qathet Regional District is proud to have been selected for the Charged for Change program, which will help bring much-needed public EV charging infrastructure to our rural, remote, and island communities, including Texada Island. By expanding access to EV charging in underserved areas, we are supporting sustainable transportation, reducing greenhouse gas emissions, fostering tourism, and strengthening local and regional economies. This funding is a crucial step in advancing our climate action goals and ensuring a more connected and resilient future for our communities.”
    – Mikhael Drosdovech, Manager of Assets and Capital Projects, qathet Regional District

    About Aviva Canada

    Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, lifestyle, and business insurance to 2.5 million customers coast to coast. A subsidiary of UK-based Aviva plc, we have the financial strength, scale and are a trusted insurance provider globally for more than 325 years.

    For more information, visit aviva.ca or Aviva Canada’s blog, LinkedIn and Instagram pages.

    The MIL Network –

  • MIL-OSI United Nations: 16 April 2025 Departmental update Global momentum builds: World Health Organization (WHO) convenes second Global Clinical Trials Forum to drive efficiency and impact, accelerate clinical trials

    Source: World Health Organisation

    A future where clinical trials are faster, more inclusive and directly embedded in health systems came closer to reality as over 100 global stakeholders gathered at WHO headquarters in Geneva for the second Global Clinical Trials Forum (GCTF). This was a pivotal event accelerating the implementation of WHO’s Guidance for Best Practices for Clinical Trials and the vision of World Health Assembly Resolution WHA75.8.

    Themed “Action for Impact,” this year’s Forum marked a significant step in translating global standards into national reforms and institutional workplans. Participants included national health research governance agencies, clinical trial regulators and ethics bodies, funders, civil society organizations, academic institutions and industry leaders.

    Turning guidance into action

    The Forum came at a crucial moment, just months after the launch of WHO’s Guidance for Best Practices for Clinical Trials in September 2024, and amid final preparations for the release of the Global Action Plan for Clinical Trial Ecosystem Strengthening (GAP-CTS). This action plan, built on stakeholder consultations between 2022 and 2025, outlines tangible, measurable steps to strengthen trial governance, infrastructure, workforce and inclusion across diverse settings.

    Centring people and ethics in research

    A major theme of the Forum was putting people at the centre of clinical research. With new WHO guidance aligned to the revised Declaration of Helsinki, the Forum spotlighted patient involvement, diversity, and equity – not as add-ons but as cornerstones of good science.

    Inclusion is not optional. It’s central to generating reliable, actionable evidence that serves all populations.

    From global commitments to national action

    The Forum featured powerful examples of national reform. Case studies from Canada, Indonesia, Malaysia, Nigeria, Pakistan and South Africa showcased how countries are adopting WHO guidance to transform their clinical research ecosystems. This includes removing unnecessary bureaucracy, digitizing submission systems, setting up single research ethics committee models, embedding patient involvement and community engagement structures, and providing one-stop shops for sponsors to discuss how to navigate clinical trial systems. These case studies illustrated how countries are localizing global guidance to fit their contexts, demonstrating that change is possible and already underway.

    Participants engaged in a series of technical sessions and breakout groups to co-develop 12–18-month workplans aligned to the nine pillars of the GAP-CTS, including:

    • strengthening national ecosystems and leadership
    • expanding inclusive training initiatives
    • addressing barriers faced by underrepresented populations
    • embedding trials into health systems
    • scaling up digital solutions and registry transparency
    • enabling adoption of innovative trial designs
    • advancing international collaboration.

    Looking ahead

    WHO will continue to support countries and partners that are prioritizing clinical research strengthening as part of their health systems strengthening and public health preparedness. Translation of WHO Guidance into WHO official languages is underway, and regional workplans will be developed in partnership with WHO regional offices.

    As countries and organizations move from commitments to concrete actions, the GCTF provides a powerful platform for collaboration, peer learning and collective impact, ensuring that clinical trials are ethical, inclusive, scientifically sound and built for real-world relevance, and benefiting all people, everywhere.

    MIL OSI United Nations News –

  • MIL-OSI: Purpose Investments Debuts World’s First Spot Solana ETF That Will Be Staked – Continuing Its Leadership in Global Crypto Innovation

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 16, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”), the firm behind the world’s first spot Bitcoin ETF and spot Ether ETF, is expanding its digital asset suite with the launch of the Purpose Solana ETF (ticker: SOLL). SOLL is the first ETF worldwide to provide direct physical exposure to Solana, a high-performance blockchain platform. The Purpose Solana ETF is uniquely coupled with native staking yield powered by Purpose’s proprietary in-house staking infrastructure – a feature designed to deliver the highest staking rewards currently available to investors.

    Trading today on the TSX, the Purpose Solana ETF reinforces Purpose’s position as a global leader in digital asset ETF innovation and Canada’s largest digital asset ETF manager. Backed by deep expertise and a proven track record, Purpose continues to make digital assets safer and easier for investors to access.

    Canada’s Crypto Leader Setting the Standard for Global Innovation

    “Solana is pushing the boundaries of blockchain innovation from speed and scalability to real-world decentralized applications,” said Vlad Tasevski, Chief Innovation Officer. “With the Purpose Solana ETF, we’re giving investors efficient, regulated access to this rapidly growing digital ecosystem, with the added benefit of native staking. As the only fund manager operating key aspects of the fund in-house through our technology infrastructure, we’re able to deliver a secure and seamless investment experience, along with more efficient returns and higher yields. This launch builds on the broadest suite of crypto ETFs in the country – and our mission to lead digital asset investing both here in Canada and globally with thoughtful, purpose-built solutions that meet investors where they are and help them move forward with confidence.”

    Purpose Solana ETF Key Benefits

    • Direct Exposure to Solana: Gain direct exposure to SOL, the native asset of a high-performance platform known for its speed, scalability, and growing developer ecosystem.
    • Native Staking Yield: Capture Solana’s staking yield through a regulated ETF structure – without the complexity of setting up wallets or managing on-chain assets.
    • Crypto-Native Advantage: Purpose’s in-house validator infrastructure and deep involvement in the Solana ecosystem will help to reduce cost and improve investor staking yield – offering one of the most efficient Solana staking programs on the market.
    • Secure, Portfolio-Ready Structure: Held in cold storage with institutional-grade custodians, the ETF trades on the TSX and can be held in registered accounts like RRSPs and TFSAs – no wallets, keys, or crypto exchanges required.
    • Uniquely Available With Three Currency Exposures: The ETF is available in CAD hedged units (ticker: SOLL), CAD non-hedged units (ticker: SOLL.B), and USD non-hedged units (ticker: SOLL.U).

    “The Purpose Solana ETF provides direct access to Solana’s high-throughput network, with staking integrated through our proprietary validator infrastructure,” said Paul Pincente, VP of Digital Assets. “By internalizing key operational components – including staking and reward management – we reduce counterparty risk, improve net yield capture, and create a more efficient, institutional-grade investment structure. This level of control helps us support a more consistent and streamlined investment experience as the digital asset space continues to evolve.”

    Leading Crypto-Native Capability and Unmatched In-House Staking Expertise

    At the core of its platform is true crypto-native capability, supported by Purpose Unlimited’s in-house staking infrastructure. Having deep control over the technology will enable greater operational efficiency and the ability to deliver higher yields to investors. This integrated approach is designed to enhance performance and security and positions Purpose as a leader in bringing institutional-grade crypto ETF solutions.

    The Broadest Suite of Crypto ETFs in Canada

    Purpose offers the most comprehensive suite of digital asset ETFs in Canada, designed to meet the needs of every investor profile, from active traders to long-term allocators and income-focused investors.

    Purpose Digital Assets lineup includes:

    • Purpose Bitcoin ETF (BTCC) and Purpose Ether ETF (ETHH): The world’s first spot Bitcoin and Ether ETFs, offering regulated access, high liquidity, and a strong track record – backed by advanced features for active traders and tactical allocators.
    • Purpose Bitcoin Yield ETF (BTCY) and Purpose Ether Yield ETF (ETHY): Yield-generating ETFs that use covered call strategies to help investors earn income from their Bitcoin and Ether holdings.
    • Purpose Ether Staking Corp. ETF (ETHC.B): A staking-focused Ether ETF, giving investors access to Ethereum’s proof-of-stake rewards in a regulated structure.
    • Purpose Solana ETF (SOLL): The world’s first spot Solana ETF, unlocking direct exposure to a high-speed, low-fee blockchain known for its lightning-fast transactions, developer momentum, and real-world potential.

    With the launch of the Purpose Solana ETF, Purpose Investments continues to expand its industry-leading digital asset lineup, providing investors with secure and simple access to blockchain innovation. This new ETF complements Purpose’s existing crypto suite, which includes the world’s first spot Bitcoin ETF and first Ether ETF, offering investors a comprehensive range of digital asset solutions. As blockchain technology transforms financial markets, Purpose remains committed to bridging traditional finance with the future of decentralized and emerging financial technology, helping investors navigate the evolving digital economy with confidence.

    To explore the full suite of crypto ETFs, visit the Purpose Digital Assets Suite.

    About Purpose Investments

    Purpose Investments Inc. is an asset management company with over $22 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose Investments is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif.

    For further information, please email us at info@purposeinvest.com.

    Media inquiries:
    Keera Hart
    keera.hart@kaiserpartners.com
    905-580-1257

    The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information, and any representation to the contrary is an offence. The information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice.

    Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Crypto assets can be extremely volatile, and there can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Fund distribution levels and frequencies are not guaranteed and may vary at Purpose Investments’ sole discretion.

    Certain statements in this document may be forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: South Bow Safely Restarts Keystone Pipeline

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) has safely restarted the Keystone Pipeline (Keystone) after receiving regulatory approval from the Pipeline and Hazardous Materials Safety Administration (PHMSA), following South Bow’s response to an oil release at Milepost 171 (MP-171) of Keystone on April 8, 2025, near Fort Ransom, North Dakota.

    South Bow is actively progressing its response and recovery efforts, having repaired and replaced the impacted pipe, and recovered substantially most of the estimated release volume of 3,500 barrels of oil, working now to remediate the impacted soil. South Bow’s primary focus remains the safety of onsite personnel and mitigating risks to the environment and the community surrounding Fort Ransom. South Bow will continue its clean-up activities until the site has been fully remediated, with continuous air quality monitoring steadily showing no indication of adverse health or public concerns. South Bow will continue working closely with regulators, local officials, landowners, and the community.

    Corrective Action Order

    On April 11, 2025, PHMSA issued a Corrective Action Order (CAO), requiring South Bow to undertake certain corrective actions in response to the MP-171 incident. As part of the CAO, South Bow developed a restart plan that was subsequently approved by PHMSA, authorizing Keystone’s return to service under certain operating pressure restrictions. South Bow is committed to the safe operation of Keystone and has notified the Canada Energy Regulator that the Company is also implementing certain operating pressure restrictions on the Canadian sections of the pipeline. The pipeline was operating within its design and regulatory approval requirements at the time of the incident. In addition to working closely with regulators, South Bow will work closely with customers during Keystone’s return to service.

    South Bow will continue providing timely updates as information becomes available on its website at www.southbow.com/incident-response.

    Forward-looking information and statements

    This news release contains certain forward-looking statements and forward-looking information (collectively, forward-looking statements), including forward-looking statements within the meaning of the “safe harbor” provisions of applicable securities legislation, that are based on South Bow’s current expectations, estimates, projections, and assumptions in light of its experience and its perception of historical trends. All statements other than statements of historical facts may constitute forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as, “anticipate”, “will”, “expect”, “estimate”, “potential”, “future”, “outlook”, “strategy”, “maintain”, “ongoing”, “intend”, and similar expressions suggesting future events or future performance. In particular, this news release contains forward-looking statements, including with respect to response, recovery and clean-up efforts; notification and forthcoming updates regarding the oil release; and regulatory, landowner, community, and customer engagement.

    The forward-looking statements are based on certain assumptions that South Bow has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry development activity levels and the geographic region of such activity; that favourable market conditions exist and that South Bow has and will have available capital to fund its capital expenditures and other planned spending; prevailing commodity prices, interest rates, inflation levels, carbon prices, tax rates, and exchange rates; the ability of South Bow to maintain current credit ratings; the availability of capital to fund future capital requirements; future operating costs; asset integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; and prevailing regulatory, tax, and environmental laws and regulations.

    Although South Bow believes the assumptions and other factors reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these assumptions and factors will prove to be correct and, as such, forward-looking statements are not guarantees of future performance. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: the regulatory environment and related decisions and requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the energy industry; weakness or volatility in commodity prices; non-performance or default by counterparties; actions taken by governmental or regulatory authorities; the ability of South Bow to acquire or develop and maintain necessary infrastructure; fluctuations in operating results; adverse general economic and market conditions; the ability to access various sources of debt and equity capital on acceptable terms; and adverse changes in credit. The foregoing list of assumptions and risk factors should not be construed as exhaustive. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the results implied by forward-looking statements, refer to South Bow’s annual information form dated March 5, 2025, available under South Bow’s SEDAR+ profile at www.sedarplus.ca and, from time to time, in South Bow’s public disclosure documents, available at www.sedarplus.ca, www.sec.gov, and on South Bow’s website at www.southbow.com.

    The forward-looking statements contained in this news release speak only as of the date hereof. South Bow does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    Contact information

    Investor Relations
    Martha Wilmot
    investor.relations@southbow.com    		 Media Relations & Community Enquiries
    Solomiya Lyaskovska
    communications@southbow.com

    The MIL Network –

  • MIL-OSI: Draganfly Establishes Public Safety Advisory Board, Appoints Homeland Security and Law Enforcement Expert Paul Goldenberg as Chair

    Source: GlobeNewswire (MIL-OSI)

    Industry Veteran Joins Draganfly to Drive Innovation at the Intersection of Public Safety and Technology

    Tampa, FL, April 16, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an industry-leading developer of drone solutions and systems, is proud to announce the formation of its Public Safety Advisory Board. This new initiative reinforces Draganfly’s commitment to delivering cutting-edge, mission-critical technologies that support enforcement and public safety agencies worldwide. Renowned global public safety expert and Homeland Security advisor Paul Goldenberg will serve as the inaugural Chair of the Board.

    With more than 30 years of experience in law enforcement, global security, and national intelligence, Goldenberg brings unparalleled expertise to the role. Recently named America’s Most Influential Person in Homeland Security, he has advised U.S. Presidents, members of Congress, and international security bodies on counterterrorism, cybercrime, and public safety. As a former senior member of the U.S. Department of Homeland Security Advisory Council (HSAC), Goldenberg led pivotal initiatives, including the DHS Cybersecurity Task Force and the Countering Foreign Influence Task Force. He currently serves as Chief Advisor for Policy and International Policing at the Rutgers University Miller Center on Policing, a Distinguished Visiting Fellow for Transnational Security at the University of Ottawa, and a member of the National Sheriffs’ Association Southern Border Security Committee.

    Goldenberg’s career also includes directing the OSCE (Organization for Security and Co-operation in Europe) transitional policing mission, working on the ground in regions such as Kosovo, Bosnia, Ukraine, and France. His efforts focused on strengthening police responses to extremism and fostering collaboration between law enforcement agencies and vulnerable communities.

    “Draganfly’s commitment to utilizing technology to enhance public safety and law enforcement aligns with my lifelong mission to improve security and foster trust between agencies and the communities they serve,” said Goldenberg. “Given the challenges law enforcement agencies face, including recruitment and retention issues, drones have become an invaluable tool that helps officers protect both themselves and the communities they serve.”

    Cameron Chell, CEO of Draganfly, emphasized the significance of Goldenberg’s appointment:
    “Paul’s vast experience in homeland security, counterterrorism, and law enforcement makes him the ideal choice to lead our Public Safety Advisory Board. His leadership will be instrumental in advancing Draganfly’s mission to deliver innovative, AI-powered drone technologies that improve situational awareness and operational efficiency for law enforcement agencies across the globe.”

    Goldenberg’s past roles have included serving as the first Chief of the New Jersey Attorney General’s Office for Hate Crime and Domestic Terrorism Investigations, managing major organized crime cases, spending six years deep undercover as part of the South Florida Task Force, and leading one of the United States’ largest social service and juvenile justice systems. His work has directly influenced modern policing strategies and shaped national and international policy.

    The creation of Draganfly’s Public Safety Advisory Board marks a pivotal step in the Company’s continued efforts to strengthen public safety and law enforcement capabilities, offering innovative solutions that support officers in the field.

    About Draganfly

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

    For more information, visit www.draganfly.com.

    For investor details, visit:
    CSE
    NASDAQ
    FRANKFURT

    Media Contact
    media@draganfly.com

    Company Contact
    info@draganfly.com

    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to the Public Safety Advisory Board advancing Draganfly’s mission to deliver innovative, AI-powered drone technologies that improve situational awareness and operational efficiency for law enforcement agencies across the globe. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network –