Category: Canada

MIL-OSI Europe: AFRICA/SUDAN – The London conference ends without a final declaration; the RSF proclaim the formation of an alternative government

Source: Agenzia Fides – MIL OSI

Wednesday, 16 April 2025 war

Khartoum (Agenzia Fides) – The London conference organized exactly two years after the outbreak of the Sudanese civil war on 15 April 2023, to try to put an end to the conflict, ended without a final declaration.The conference was convened by the United Kingdom, the African Union (AU), the European Union (EU), France and Germany, and was attended by foreign ministers and high-level representatives of Canada, Chad, Egypt, Ethiopia, Kenya, Saudi Arabia, Norway, Qatar, South Sudan, Switzerland, Turkey, the United Arab Emirates, Uganda and the United States of America, together with high-level representatives of the League of Arab States (LAS) and the United Nations (UN). However, the absence of the two opposing forces—the Sudanese Armed Forces (SAF), led by General Abdel Fattah al-Burhan, and the Rapid Support Forces (RSF), commanded by Mohamed Hamdan “Hemeti” Dagalo—has severely limited the prospects for progress. The organizers of the conference said that this year’s participants pledged more than $1 billion to Sudan and its neighbors. This figure includes $590 million from the EU and its member states and $158 million from the United Kingdom.The final declaration that was supposed to address the formation of a contact group to mediate between the parties, fell through due to differences between Saudi Arabia, Egypt and the United Arab Emirates, according to The Guardian. The first two support General al-Burhan, while the third are suspected of siding with Dagalo. The latter, coinciding with the London conference, proclaimed once again yesterday, April 15, the formation of an alternative government to the one led by General al-Burhan, calling it a “Government of Peace and Unity, the true face of Sudan.” Dagalo described the administration as “an alliance between the Sudanese Revolutionary Front, civil society, humanitarian organizations, and youth movements.” He also emphasized that the RSF government aims to unify Sudan by committing to providing education, healthcare, and essential services throughout the war-torn country, and not only in the territories they control. (L.M.) (Agenzia Fides, 16/4/2025)
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MIL OSI Europe News –

April 16, 2025

MIL-OSI: YieldMax™ ETFs Announces Distributions on TSLY (101.76%), CRSH (100.89%), ULTY (76.45%), LFGY (65.07%), FEAT (61.22%), and Others

Source: GlobeNewswire (MIL-OSI)

CHICAGO, MILWAUKEE and NEW YORK, April 16, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Weekly Payers and Group A ETFs listed in the table below.

ETF Ticker¹	ETF Name	Distribution Frequency	Distribution per Share	Distribution Rate^2,4	30-Day SEC Yield³	ROC⁵	Ex-Date & Record Date	Payment Date
CHPY	YieldMax™ Semiconductor Portfolio Option Income ETF	*Weekly*	$0.3627	–	–	84.42%	4/17/25	4/21/25
GPTY	YieldMax™ AI & Tech Portfolio Option Income ETF	*Weekly*	$0.2545	34.59%	0.00%	63.04%	4/17/25	4/21/25
LFGY	YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF	*Weekly*	$0.4307	65.07%	0.00%	35.49%	4/17/25	4/21/25
QDTY	YieldMax™ Nasdaq 100 0DTE Covered Call ETF	*Weekly*	$0.3320	43.93%	0.00%	100.00%	4/17/25	4/21/25
RDTY	YieldMax™ R2000 0DTE Covered Call ETF	*Weekly*	$0.3745	46.65%	0.00%	100.00%	4/17/25	4/21/25
SDTY	YieldMax™ S&P 500 0DTE Covered Call ETF	*Weekly*	$0.3085	38.91%	0.00%	100.00%	4/17/25	4/21/25
ULTY	YieldMax™ Ultra Option Income Strategy ETF	*Weekly*	$0.0852	76.45%	2.21%	99.18%	4/17/25	4/21/25
YMAG	YieldMax™ Magnificent 7 Fund of Option Income ETFs	*Weekly*	$0.0943	33.85%	69.89%	65.96%	4/17/25	4/21/25
YMAX	YieldMax™ Universe Fund of Option Income ETFs	*Weekly*	$0.1334	54.00%	96.57%	54.97%	4/17/25	4/21/25
CRSH	YieldMax™ Short TSLA Option Income Strategy ETF	Every 4 weeks	$0.5616	100.89%	1.79%	0.00%	4/17/25	4/21/25
FEAT	YieldMax™ Dorsey Wright Featured 5 Income ETF	Every 4 weeks	$1.6435	61.22%	108.54%	0.00%	4/17/25	4/21/25
FIVY	YieldMax™ Dorsey Wright Hybrid 5 Income ETF	Every 4 weeks	$1.0283	37.65%	69.37%	0.00%	4/17/25	4/21/25
GOOY	YieldMax™ GOOGL Option Income Strategy ETF	Every 4 weeks	$0.3729	40.07%	4.67%	90.74%	4/17/25	4/21/25
OARK	YieldMax™ Innovation Option Income Strategy ETF	Every 4 weeks	$0.2923	51.17%	3.51%	93.61%	4/17/25	4/21/25
SNOY	YieldMax™ SNOW Option Income Strategy ETF	Every 4 weeks	$0.6864	59.94%	3.01%	94.51%	4/17/25	4/21/25
TSLY	YieldMax™ TSLA Option Income Strategy ETF	Every 4 weeks	$0.6598	101.76%	3.87%	96.85%	4/17/25	4/21/25
TSMY	YieldMax™ TSM Option Income Strategy ETF	Every 4 weeks	$0.5635	51.83%	3.61%	16.38%	4/17/25	4/21/25
XOMO	YieldMax™ XOM Option Income Strategy ETF	Every 4 weeks	$0.3500	34.91%	3.18%	90.74%	4/17/25	4/21/25
YBIT	YieldMax™ Bitcoin Option Income Strategy ETF	Every 4 weeks	$0.4110	53.00%	1.52%	30.49%	4/17/25	4/21/25
Weekly Payers & Group B ETFs scheduled for next week: CHPY GPTY LFGY QDTY RDTY SDTY UTLY YMAG YMAX BABO DIPS FBY GDXY JPMO MARO MRNY NVDY PLTY

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717.

Note: DIPS, FIAT, CRSH, YQQQ and WNTR are hereinafter referred to as the “Short ETFs.”

Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

¹ All YieldMax™ ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX, YMAG and FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio after the fee waiver of 1.30%. The Advisor has agreed to a fee waiver of 0.10% through at least February 28, 2026.

² The Distribution Rate shown is as of close on April 15, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

³ The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended March 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

⁴ Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
⁵ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.

Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

Standardized Performance

For YMAX, click here. For YMAG, click here. For TSLY, click here. For OARK, click here. For APLY, click here. For NVDY, click here. For AMZY, click here. For FBY, click here. For GOOY, click here. For NFLY, click here. For CONY, click here. For MSFO, click here. For DISO, click here. For XOMO, click here. For JPMO, click here. For AMDY, click here. For PYPY, click here. For XYZY, click here. For MRNY, click here. For AIYY, click here. For MSTY, click here. For ULTY, click here. For YBIT, click here. For CRSH, click here. For GDXY, click here. For SNOY, click here. For ABNY, click here. For FIAT, click here. For DIPS, click here. For BABO, click here. For YQQQ, click here. For TSMY, click here. For SMCY, click here. For PLTY, click here. For BIGY, click here. For SOXY, click here. For MARO, click here. For FEAT, click here. For FIVY, click here. For LFGY, click here. For GPTY, click here. For CVNY, click here. For SDTY, click here. For QDTY, click here. For WNTR, click here. For CHPY, click here.

Important Information

This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

Tidal Financial Group is the adviser for all YieldMax™ ETFs.

THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

Investing involves risk. Principal loss is possible.

Referenced Index Risk. The Fund invests in options contracts that are based on the value of the Index (or the Index ETFs). This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index or an ETF that tracks the Index, even though it does not.

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

Russell 2000 Index Risks. The Index, which consists of small-cap U.S. companies, is particularly susceptible to economic changes, as these firms often have less financial resilience than larger companies. Market volatility can disproportionately affect these smaller businesses, leading to significant price swings. Additionally, these companies are often more exposed to specific industry risks and have less diverse revenue streams. They can also be more vulnerable to changes in domestic regulatory or policy environments.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

Risk Disclosures (applicable only to GPTY)

Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory, and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

Risk Disclosure (applicable only to MARO)

Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

Risk Disclosures (applicable only to BABO and TSMY)

Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting, and investor protection standards than U.S. issuers.

Risk Disclosures (applicable only to GDXY)

Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

Risk Disclosures (applicable only to YBIT)

YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

Risk Disclosures (applicable only to the Short ETFs)

Investing involves risk. Principal loss is possible.

Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA, MSTR), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Risk Disclosures (applicable only to CHPY)

Semiconductor Industry Risk. Semiconductor companies may face intense competition, both domestically and internationally, and such competition may have an adverse effect on their profit margins. Semiconductor companies may have limited product lines, markets, financial resources or personnel. Semiconductor companies’ supply chain and operations are dependent on the availability of materials that meet exacting standards and the use of third parties to provide components and services.

The products of semiconductor companies may face obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel. Capital equipment expenditures could be substantial, and equipment generally suffers from rapid obsolescence. Companies in the semiconductor industry are heavily dependent on patent and intellectual property rights. The loss or impairment of these rights would adversely affect the profitability of these companies.

Risk Disclosures (applicable only to YQQQ)

Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax™ ETFs.

The MIL Network –

April 16, 2025

MIL-OSI: Morning After Federal Election, Canada’s Top Innovation Leaders Converge at NACO Summit in Ottawa
Source: GlobeNewswire (MIL-OSI)

OTTAWA, Ontario, April 16, 2025 (GLOBE NEWSWIRE) — The National Angel Capital Organization (NACO) will host its flagship NACO Summit 2025 on April 29–30 at Ottawa’s iconic National Arts Centre, directly across from Parliament Hill. This sold-out event gathers 500 of Canada’s leading investors, entrepreneurs, and senior innovation leaders at a pivotal moment—as the country welcomes a newly elected federal government.

Kicking off the morning immediately after the federal election, this symbolic setting underscores the Summit’s role in shaping a bold vision for Canada’s economic future. The event convenes leaders representing the full spectrum of the country’s innovation economy—from globally scaled entrepreneurs to founders of high-growth companies in strategic sectors.

“At this moment of national reflection, a new economic story is being written—one shaped by Canada’s builders, innovators, and investors,” said Claudio Rojas, CEO of NACO. “These bold leaders and job creators are gathering to chart the path toward a resilient, self-reliant, and globally competitive Canadian economy.”

“The Summit serves as a premier forum for innovators, entrepreneurs, investors, and thought leaders to convene, exchange ideas, and share insights,” said Mark Sutcliffe, Mayor of Ottawa. “It provides unparalleled networking opportunities, connecting global investors directly with Canada’s tech leaders and high-growth startups. Events like the NACO Summit significantly enhance Ottawa’s—and Canada’s—position as a leading innovation economy.”

Honouring Canada’s Builders, Entrepreneurs, and Risk-takers

At the heart of the Summit is a celebration of those whose leadership and vision are shaping Canada’s innovation landscape toward a more transformative and innovation-driven future.

The 2025 NACO Awards recognize outstanding contributions in three categories:
- Canada’s Angel of the Year – a national honour recognizing an outstanding angel investor who has made a meaningful and lasting impact on Canada’s entrepreneurial ecosystem.
- NACO Nation Builder Award – honouring leaders whose extraordinary contributions have significantly advanced Canada’s cultural, economic and innovation landscape.
- Lifetime Achievement Award – recognizing decades-long commitment to mobilizing angel capital and strengthening Canada’s innovation infrastructure.
Showcasing Canada’s Fastest Growing Companies

NACO Summit will unveil the highly anticipated 2025 Moonshots Showcase, highlighting more than 20 of Canada’s most promising early-stage ventures, representing sectors that are essential to the economy of the future—including healthtech, artificial intelligence, cleantech, enterprise software, and frontier technologies. Collectively, these companies have raised over $122 million in early-stage funding with many actively pursuing Series A and B investment rounds.

Interactive Roundtables with Canada’s Innovators and Entrepreneurs

With Canada at an economic inflection point, interactive roundtables will tackle the country’s most urgent innovation challenges, including:
- Resilience Through Risk Capital: Leveraging early-stage investment to build adaptive, resilient ventures that thrive amid market shifts.
- Angel-to-VC Pipeline: Exploring how angel investment serves as a critical foundation for venture capital success and long-term innovation growth.
- Regional Capital Gaps and Opportunities: Revealing new data and strategies to address funding disparities across Canadian regions.
- Scaling Emerging Ecosystems: Actionable strategies for growing vibrant entrepreneurial communities beyond major urban centres.
Fireside Interviews with Media Personalities and Thought Leaders

Renowned media personalities Amanda Lang, Keshia Chanté, Takara Small, Douglas Soltys, Camila Gonzalez, Michael Curran, and others will moderate fireside chats and panel discussions, revealing bold ideas and fresh insights on innovation, economic resilience, and Canada’s evolving global role.

Notable speakers at NACO Summit include:
- Daniel Debow, angel investor, serial entrepreneur and founding member of Build Canada, an initiative committed to building a more prosperous nation.
- Mike Serbinis, CEO and Co-Founder of League, a leading healthcare technology platform, and a serial entrepreneur with over $1 billion in successful exits.
- Mark Miller, an angel investor and the Chief Operating Officer of Constellation Software, a TSX-listed company valued at CAD $96 billion.
- Senia Rapisarda, Managing Director at HarbourVest, a global private-markets investment firm with USD $140 billion in assets.
- Tabatha Bull, President and CEO of the Canadian Council for Indigenous Business.
- Allen Lau, Operating Partner and Co-Founder of Two Small Fish Ventures, and Co-Founder of Wattpad, acquired in 2021 for USD $660 million.
- Christiane Germain, Co-President and Co-Founder of Germain Hôtels, Canada’s pioneering boutique hotel company with 40 years of innovation leadership.
- Geneviève Bouthillier, Executive Vice President at BDC Capital, Canada’s largest and most active venture investor, managing over CAD $6 billion.
About National Angel Capital Organization (NACO)

Established in 2002, NACO is Canada’s professional association representing over 4,000 angel investors, serving as the national umbrella for more than 100 member organizations—including angel groups, venture funds, incubators, and accelerators. Collectively, NACO members have invested more than CAD $1.66 billion into over 2,000 Canadian ventures.

Angel investors are individuals or funds deploying capital at the earliest stages of growth. They include limited partners (LPs) investing in venture funds, family offices backing pre-seed and seed-stage ventures, and individuals investing directly or through angel groups.

High-growth companies backed by angel investment that went on to achieve significant global scale include Slack (British Columbia), Verafin (Newfoundland and Labrador), Wealthsimple (Ontario), Hopper (Québec), and Jobber and Neo Financial (Alberta). Recent standouts include CoLab (NL) and 7shifts (Saskatchewan). These successes illustrate how angel investment drives Canada’s pipeline of innovative ventures, fueling future global success stories.

Learn more at nacocanada.com

For media inquiries, contact:
Claudio Rojas, CEO, National Angel Capital Organization
Email: media@nacocanada.com

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5b08d0f6-5bd3-4549-98bc-850c5518908f

A video accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ca74a13c-cf87-46ce-9ca8-4108e44f6c5d

The MIL Network –
April 16, 2025
MIL-OSI: Rivalry Reports Strong Q1 2025 KPI Growth, Validating Strategic Pivot Amid Temporary Margin Variance
Source: GlobeNewswire (MIL-OSI)

TORONTO, April 16, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (TSXV: RVLY) (OTCQB: RVLCF) (“Rivalry” or the “Company”), the leading sportsbook and iGaming operator for digital-first players, today shared preliminary key performance indicators (“KPIs”) and revenue figures for the three months ended March 31, 2025 (“Q1 2025”), underscoring the success of its strategic transformation and path toward sustainable, profitable growth. All dollar figures are quoted in Canadian dollars.

Q1 2025 marks the first full quarter under Rivalry’s revamped operating model, following significant changes to product offerings, organizational structure, cost management, and user acquisition strategies. Underlying KPIs show improved unit economics, deeper engagement, and structural momentum toward long-term sustainability.

Revenue in the quarter was lower than prior periods – a result of Rivalry’s deliberate shift to a leaner, more efficient model – creating a stronger foundation that the Company is now building on. The shortfall also reflected temporary variance in sportsbook hold, amplified by a strategic focus on high-value and VIP players. The Company believes that these segments drive significantly greater long-term value but can introduce short-term volatility as they scale.

“Our Q1 KPIs are delivering tangible results that validate our strategic shift,” said Steven Salz, Co-Founder and CEO of Rivalry. “The structural changes we implemented over the past six months – from streamlining operations and refocusing the product, to modernizing our platform and concentrating on high-value players – are now clearly reflected in our KPIs. We’re operating more efficiently than ever, generating significantly more revenue per user, and moving closer to achieving sustainable profitability.”

Q1 2025 Highlights¹:
- Operational Efficiency Up 400%: In Q1 2025, Rivalry generated over 400% more net revenue per user per dollar of operating expense as compared to its average before the strategic overhaul. This marks a significant leap in cost efficiency and operating leverage, validating the impact of recent changes.
- Shift to High-Value Players Driving 175% Increase in Player Monthly Deposits: Total deposits rose 36% month over month in February 2025 and another 12% in March 2025, despite a smaller active user base than past peaks. In Q1 2025, average monthly deposits per player were just over 175% higher than the periods prior to Rivalry’s October 2024 strategic overhaul – a clear result of the Company’s focus on acquiring and retaining high-value players, while improving unit economics and lowering variable costs.
- 115% Increase in Monthly Deposit Frequency: In Q1 2025, average monthly deposit frequency per player increased by 115% compared to the average prior to Rivalry’s October 2024 rebuild – signaling strong user re-engagement and validating the Company’s refined product experience and more targeted player strategy.
- All-Time High in Monthly Betting Handle per User: Monthly betting handle per active user hit a new all-time high in March 2025, marking the fifth consecutive month of record-breaking engagement and deeper player value.
- Record Revenue per User: In March 2025, monthly Gross and Net Revenue per active user reached all-time highs (normalized for margin variance), extending a four-month streak of consistent revenue per active user growth and player monetization strength.
- Month over Month Active User Growth: Monthly active players grew by 9% in March 2025, following a similar increase in February 2025, despite a significantly reduced global marketing budget compared to the same period last year.
- Ontario Regulated Market Showing Strong, Improving Unit Economics: Since the Company’s operational shift, Rivalry’s Average Revenue Per Playing Account (“ARPPA”) in Ontario – a monthly metric defined by and publicly reported by gaming regulator iGO – has generally trended in line with the market average, and in some months exceeded it by as much as 50%. ARPPA has also nearly doubled compared to pre-overhaul levels at Rivalry, reflecting strengthening unit economics supported by efficient customer acquisition, with customer acquisition cost paybacks consistently within single-digit weeks.
Operational Momentum and Efficiency Gains Reflect Structural Progress

The Company’s Q1 2025 performance reflects the first full quarter operating under a significantly leaner structure, with total monthly run rate operating expenses reduced by approximately 65% as compared to prior peak periods.

Betting handle in Q1 2025 was $58.2 million, and net revenue $1.3 million¹, for a net revenue margin of 2.3%. This compares to Rivalry’s full-year 2024 net revenue margin of 4.4%¹, with the Q1 2025 margin variance largely attributable to short-term fluctuations in sportsbook hold. This was amplified by the Company’s strategic pivot toward high-value and VIP players – segments that offer significantly greater long-term value but naturally introduce more short-term variability in margin performance as they scale.

On a normalized margin basis, Rivalry’s Q1 2025 net revenue would have covered approximately 75% of current run rate operating expenses, inclusive of additional cost reductions completed in early April that lowered monthly operating expenses by approximately $140,000. Growing user value, rising engagement, and stronger unit economics reflect encouraging momentum toward long-term financial sustainability.

“The KPIs are telling the real story – user value is up, efficiency is up, and player engagement is the strongest we’ve seen in the Company’s history,” said Steven Salz, Co-Founder and CEO of Rivalry. “Even with soft margin outcomes in Q1 2025, the model is showing strong underlying signals. As sportsbook hold normalizes and our cost base becomes leaner, we believe we’re moving in the right direction.”

Over the past six months, Rivalry has reduced monthly run rate operating expenses by approximately $1.7 million per month, inclusive of the recently completed April 2025 reductions. These reductions have been enabled by a fully modernized core product with improved site performance and ongoing development velocity across key revenue-driving features. The Company has also realized efficiencies through vendor rationalization and the rollout of AI-driven tools across departments.

“We’ve built a stronger, leaner, and more focused Rivalry,” Salz added. “Our improved KPIs and disciplined cost management have created a healthier foundation. With continued operational momentum and a re-energized product, we believe we’re on a promising path forward.”

Company Contact:

Steven Salz, Co-founder & CEO

ss@rivalry.com

Investor Contact:

investors@rivalry.com

Financial Outlook

This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for net revenue and net revenue margin for the period ending March 31, 2025, and net revenue margin for the 12 months ended December 31, 2024 and may not be appropriate for any other purpose. Preliminary and unaudited financial results are subject to customary financial statement procedures. Actual results could be affected by subsequent events or determinations. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Cautionary Note Regarding Forward-Looking Information and Statements”. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Cautionary Note Regarding Forward-Looking Information and Statements”, it should not be relied on as necessarily indicative of future results.

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s financial performance, including net revenue and net revenue margin for the three months ended March 31, 2025, the anticipated results of the Company’s strategic shift and ongoing efforts to reduce operating expenses and achieving sustainable profitability. Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements.

Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; negative cash flow from operations and the Company’s ability to operate as a going concern; the Company’s ability to repay amounts owing under its secured and unsecured indebtedness; failure to retain or add customers; the Company having a limited operating history; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

^¹ Preliminary and unaudited financial results are subject to customary financial statement procedures by the Company and its auditors. Actual results could be affected by subsequent events or determinations. These preliminary results represent forward-looking information. See “Cautionary Note Regarding Forward-Looking Information and Statements” and “Financial Outlook”.

The MIL Network –
April 16, 2025
MIL-OSI: Orezone Reports Q1-2025 Production and Hard Rock Expansion Update
Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, April 16, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce its Q1-2025 gold production results and a construction update for the Stage I hard rock expansion at its Bomboré Gold Mine. All dollar amounts are in USD unless otherwise indicated and abbreviation “M” means million.

Q1-2025 Production Results
- Gold production of 28,688 ounces
- Gold sales of 28,943 ounces at an average realized price of $2,851 per ounce for sales of $82.5M
- Quarter-end cash balance of $102.0M and senior debt of $65.2M after principal repayments of $4.8M in the quarter
- Safety milestone of 20 million person-hours worked without a Loss Time Injury (“LTI”) achieved in March
Stage I Hard Rock Construction Update
- Construction of the Stage I hard rock expansion remains ahead of schedule and on budget. First gold pour and mill commissioning on track for Q4-2025
- Engineering is ahead of schedule with 85% progress to the end of March
- Procurement is substantially complete with only minor bulk material top-ups outstanding
- SAG mill major components are now onsite, well ahead of schedule for the longest lead items
- Concrete works remain ahead of schedule with the dump pocket and SAG mill foundations significantly advanced, and CIL tank foundations complete
- Structural/Mechanical/Piping contractor has mobilized and is progressing with CIL tank installation
- Several mining areas for hard rock mining have now been readied in preparation for commencement of hard rock mining later this year
- Completed first monthly hard rock expansion video, which can be viewed here
Patrick Downey, President & CEO stated, “Q1 was another solid operating quarter at Bomboré, with slightly lower than planned gold ounces produced as a result of re-scheduled mill maintenance. Mined tonnage was ahead of plan for the quarter, which keeps the Company well-positioned to achieve its 2025 production guidance of 115,000-130,000 ounces.

During the quarter, the Company achieved a major milestone of 20 million person-hours worked without a LTI. This industry leading safety record speaks to the exceptional effort on injury prevention by the entire Bomboré team which has instilled a pervasive, safety first, culture onsite.

Throughout the quarter, the Company made material progress advancing the Stage I hard rock expansion, with concrete foundations for the dump pocket and SAG mill significantly advanced, and CIL tank installation now underway. The Stage I hard rock expansion remains ahead of schedule and on budget, with first gold and mill commissioning on track for Q4-2025. Completion of the Stage I expansion will mark a material transformation in the Bomboré operation, with gold production forecasted to increase by approximately 45% from current levels to 170,000-185,000 ounces in 2026.

Further positioning the Company for a significant transformation, Orezone announced during the quarter that: (1) it is advancing a secondary listing on the Australian Securities Exchange (“ASX”), with a target listing in mid-2025, and (2) is evaluating plans to accelerate the Stage II hard rock expansion to an overall 5.0 million tonnes per annum (“Mtpa”) two years ahead of schedule (see news release dated February 23, 2025). While subject to final Board approval, the Stage II expansion is forecasted to increase the overall gold production profile at Bomboré to 220,000-250,000 ounces per year. We also expect to release drill results from the P17S and P17 area in the coming weeks as we target the high-grade extensions of these highly prospective zones.”

Bomboré Q1-2025 Production Results (100% Basis)

Unit Q1-2025

Ore processed Tonnes 1,511,303

Ore grade Au g/t 0.67

Plant recovery % 87.9

Gold produced Au oz 28,688

Hard Rock Plant and Operations Overview

The 2.5Mtpa Stage I hard rock expansion is designed to process higher-grade hard rock ore. The expansion is independent of the adjacent 6.0Mtpa oxide plant but will utilize a number of shared services and infrastructure including the tailings storage facility, warehouses, administration complex, and technical services. The concentrated scope of the brownfield expansion significantly reduces schedule and budget risk in comparison to a new build, with the ramp-up to benefit from the well-established mining, processing, and maintenance teams onsite.

This Stage I expansion is scheduled for commissioning in Q4-2025 and as with the oxide plant, which had a nameplate capacity of 5.2Mtpa, the Company views the potential to achieve materially higher throughput rates than that of the 2.5Mtpa Stage I design.

With the strong price of gold, the Company continues to evaluate the timing of the Stage II hard rock expansion, which will increase the nameplate hard rock throughput to 5.0Mtpa, yielding a forecasted overall production profile of 225,000-250,000 ounces per year. With a 5.0Mtpa jaw crusher currently being installed in Stage I, the Stage II expansion will primarily consist of a ball mill, pebble crusher, thickener, four additional CIL tanks and a gold room upgrade. Consideration in the Stage I design and layout has been made to easily accommodate these Stage II additions.

Figure 1: Bomboré Processing Complex – Hard Rock Plant Layout (blue labels) Relative to Oxide Plant and Other Established Infrastructure (white labels)

Figure 2: Stage I Hard Rock Expansion – Major Plant Component Construction

Contact Information

Patrick Downey
President and Chief Executive Officer

Kevin MacKenzie
Vice President, Corporate Development and Investor Relations

Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
info@orezone.com / www.orezone.com

For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com.

The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

Qualified Persons

The scientific and technical information in this news release was reviewed and approved by Mr. Rob Henderson, P. Eng, Vice-President of Technical Services and Mr. Dale Tweed, P. Eng., Vice-President of Engineering, both of whom are Qualified Persons as defined under NI 43-101 – Standards of Disclosure for Mineral Projects.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur. Forward-looking statements in this press release include, but are not limited to, statements that Orezone is positioned for a transformational 2025, the Company is positioned well to achieve its 2025 production guidance of 115,000-130,000 ounces, the target of listing on the ASX in mid-2025, the construction of the Stage I hard rock expansion is well advanced (and fully financed) with completion and commissioning set for Q4-2025 and once commissioned, will increase annual production by approximately 45%, the potential greater capacity than the 2.5Mtpa design of the hard rock plant, and statements with resect to the Stage II hard rock expansion.

All such forward-looking statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances.

All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by pandemics, terrorist or other violent attacks (including cyber security attacks), the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual information form and management discussion and analysis filed on SEDAR+. Readers are cautioned not to place undue reliance on forward-looking statements.

Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/cca4323f-6a20-4430-af3d-07ad2afb2fb3

https://www.globenewswire.com/NewsRoom/AttachmentNg/c74297eb-35e9-4882-b8d5-8640934caaaf

The MIL Network –
April 16, 2025
MIL-OSI: DIAGNOS announces major advances in Cybersecurity certification by the Cyber Defense Operations Center (COCD) for its CARA System application

Source: GlobeNewswire (MIL-OSI)

BROSSARD, Quebec, April 16, 2025 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a pioneer in early detection of certain ophthalmic health issues using advanced technology based on Artificial Intelligence (AI), announces major advances in Cybersecurity certification by the Cyber Defense Operations Center (COCD) for its CARA System application.

As part of its ongoing ISO 27001 certification process, DIAGNOS is pleased to announce that its CARA System application has recently undergone a series of extensive penetration tests, in accordance with the cybersecurity requirements of the Quebec Ministry of Health. The vulnerabilities identified during these tests were rapidly corrected following regression tests carried out in early March 2025. These measures enabled DIAGNOS to receive a positive assessment of CARA’s security posture from the Cyber Defense Operational Center (COCD), underlining compliance with stringent cybersecurity standards.

An official notification has been sent to Quebec’s healthcare institutions, including CISSS and CIUSSS, as well as CHUM, authorizing them to integrate CARA into their projects.

“Protecting personal data is at the heart of our commitment to our customers. The successful completion of our intrusion test validated by Quebec’s Centre opérationnel de cybersécurité gouvernemental (COCD) is indisputable proof of the high level of security of our CARA application. This test marks a key step in our drive to obtain ISO 27001 certification. The planned verification audit will be decisive in confirming our ongoing efforts and commitment to the highest standards of cybersecurity. Our users can have total confidence in our rigorous standards to protect their information. André Larente, CEO DIAGNOS ”

In addition, DIAGNOS is also proud to announce that its ISO 27001 certification process is progressing according to plan. Audit dates with certification body Intertek have been set, and an update will be published over the summer.

About DIAGNOS
DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale.

Additional information is available at www.diagnos.com and www.sedarplus.com.

This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Neither the 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.

The MIL Network –

April 16, 2025
MIL-OSI Asia-Pac: LCQ6: Measures to attract inward investment

Source: Hong Kong Government special administrative region

Following is a question by Dr the Hon Kennedy Wong and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (April 16):

Question:

     Regarding measures to attract inward investment, will the Government inform this Council:

(1) of the respective numbers of applications received, approved and rejected by the authorities under the New Capital Investment Entrant Scheme (New CIES) since its enhancement measures took effect on the first of last month, together with a breakdown by the applicants’ place of domicile and total investment amount; and the reasons for rejecting applications under New CIES;

(2) whether it has compiled statistics on, among the approved applications mentioned in (1), the number of successful applicants who have already made investments in Hong Kong; whether it has assessed the effectiveness of the enhancement measures for New CIES in promoting the development of family offices in Hong Kong;

(3) as it has been reported that the delegation of Hong Kong deputies to the National People’s Congress has proposed to establish a dedicated remittance mechanism called “Property Purchase Capital Connect” to allow residents of the Mainland and Hong Kong to make cross-‍boundary remittances for purchasing properties in Hong Kong or on the Mainland, with a view to further facilitating the flow of talents and economic integration between the two places, whether the authorities will look into this proposal and communicate with the relevant Mainland authorities in this regard; if so, of the details; if not, the reasons for that;

(4) as it has been reported that even though the policies adopted by some countries to combat investment immigrants’ money laundering are more stringent compared to Hong Kong, such money laundering still exists in those countries, how the authorities strike a balance between anti-money laundering on the one hand and facilitating the entry of and attracting investment immigrants to Hong Kong on the other; and

(5) as it is learnt that while persons who have been granted visas under New CIES may apply to become Hong Kong permanent residents after meeting the relevant requirements and having resided in Hong Kong continuously for seven years, there is no such arrangement for the major asset managers of family office who have also come to Hong Kong for investment, whether the authorities will consider putting in place an identical arrangement for the aforesaid major asset managers with reference to New CIES; if so, of the details; if not, the reasons for that?

Reply:

President,

     In consultation with the Hong Kong Monetary Authority, the Immigration Department (ImmD) and Invest Hong Kong (InvestHK), the reply to various parts of the question is as follows:

(1) and (2) Since the implementation of the enhancement measures for the New Capital Investment Entrant Scheme (the Scheme) from March 1, 2025 up to end-March, a total of 174 applications have been received. The applications are being processed and no application has been rejected so far. Under the Scheme, applicants must invest a minimum of HK$30 million in the permissible investment assets. If all the aforementioned applications are approved, it is estimated that they will bring more than HK$5.2 billion to Hong Kong. Besides, since the Scheme opened for application from March 2024, a total of 1 092 applications have been received, having a positive impact on attracting more new capital to Hong Kong and strengthening the development of our asset and wealth management business, financial services and related professional services.

     In accordance with the application procedures under the Scheme, after InvestHK has verified that the applicant fulfills the net asset requirement, he/she may submit to the ImmD an entry application for a visa/entry permit to enter Hong Kong for residence (entry application). Upon “approval-in-principle” after assessment from the immigration perspectives, the ImmD will grant a visa/entry permit to the applicant for entering Hong Kong as a visitor for not more than 180 days for making the committed investment within the period. Among the 174 applications received in March, InvestHK has approved 99 applications for Net Asset Assessment, and the ImmD has received 65 entry applications. The ImmD will generally complete the assessment of “approval-in-principle” in around three weeks, upon receipt of all needed documents. Since no application has been granted “approval-in-principle” so far, applicants have yet to commence their investments in Hong Kong. The detailed breakdown of the 65 entry applications received by the ImmD is set out in the table below:

Entry applications received by the ImmD

Guinea-Bissau 41

Vanuatu 15

Hungary 2

New Zealand 2

Australia 1

Canada 1

France 1

Greece 1

Malta 1

Total 65

     Since the enhancement measures under the Scheme have only been implemented for a short period of time, the Government will continuously review the applicants’ investment arrangement and suitably evaluate its effectiveness.

(3) The Government has maintained communication with financial regulatory authorities in the Mainland on various cross-boundary remittance arrangements to seek to provide more facilitation arrangements for the convenience and benefit of the public and the business sector while ensuring that the risks are manageable. On facilitation for cross-boundary property purchases, the facilitative payment arrangement for Hong Kong and Macao residents purchasing properties in the Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), announced in January 2024, has been implemented. This arrangement applies to both newly built and second-hand residential properties purchased by individual Hong Kong and Macao residents, and allows them to remit funds in Renminbi or foreign currencies from outside the Mainland for property purchases and repayment of mortgage loans in the Mainland following the relevant procedures for settlement and payment.

     For cross-boundary remittance arrangements (including that for property purchases) for Mainland residents or Mainland talents admitted to Hong Kong, since it involves different regulatory regimes (including requirements for capital inflows and outflows), the Government has been, with regard to their practical needs, exploring facilitation arrangements with the Mainland authorities concerned, with an aim to explore a gradual approach for seeking suitable policies and solutions through close collaboration between the two places within their regulatory framework and existing practices. Any facilitation arrangements will be announced in due course.

(4) Under the Scheme, an applicant is required to appoint eligible financial intermediary(ies) to manage the permissible investments in his/her designated account(s). The appointed financial intermediary(ies) is/are required to carry out customer due diligence and fulfill relevant anti-money laundering and counter-terrorist financing obligations under the Anti-Money Laundering and Counter Terrorist Financing Ordinance (Cap. 615), and report to InvestHK on the applicant’s continuous compliance with the Scheme Rules. When processing the applications for Assessment on Investment Requirements, InvestHK will also check the fund flow and investment arrangement of the applicant, and examine contract notes/reference letters, etc as provided by the applicant or issued by the appointed financial intermediary(ies). If necessary, InvestHK will also request the applicant to provide other supporting documents and information to certify that the applicant’s investment complies with the requirements of the Scheme.

(5) Since the enhancement measures to the Scheme effected in March 2025, applicants may make investments through eligible family-owned investment holding vehicles or family-owned special purpose entities. The Government has included experienced management professionals in asset and wealth management under the Talent List to promote the development of Hong Kong as an asset and wealth management hub. Outside talents who meet the eligibility criteria for the relevant profession (including family office professionals and asset managers) may apply for entry under the Quality Migrant Admission Scheme, the General Employment Policy or the Admission Scheme for Mainland Talents and Professionals. Persons admitted under the above various talent admission schemes who have ordinarily resided in the Hong Kong Special Administrative Region (HKSAR) for a continuous period of not less than seven years may apply for the right of abode in the HKSAR in accordance with the law.

MIL OSI Asia Pacific News –

April 16, 2025
MIL-OSI Asia-Pac: DH reminds public who plan to travel during Easter holidays to stay vigilant against infectious diseases
Source: Hong Kong Government special administrative region

With the approach of the Easter holidays, the Controller of the Centre for Health Protection (CHP) of the Department of Health, Dr Edwin Tsui, today (April 16) appealed to members of the public who intend to travel to stay alert to the situation of infectious diseases at their destinations and to prevent various infectious diseases, in particular measles, dengue fever (DF) and norovirus infection.

Measles

Recently, the number of measles cases in some overseas countries has been increasing. The outbreaks in North America (including the United States and Canada), Europe and neighbouring areas (including Vietnam, Cambodia and the Philippines) are ongoing due to the relatively low vaccination rate. Furthermore, an increasing number of measles cases have also been recorded in Japan and Australia this year. Overseas cases mainly affected people who were unvaccinated or had unknown vaccination status. This shows the importance of maintaining a high vaccination rate and herd immunity within the community.

Vaccination is the safest and most effective preventive measure against measles. For those who plan to travel to measles-endemic areas, they should check their vaccination records and medical history as early as possible. If they have not been diagnosed with measles through laboratory tests and have never received two doses of the measles vaccine or are not sure if they have received the measles vaccine, they should consult a doctor at least two weeks prior to their trip for vaccination. Healthy people in general can enjoy long-term, even lifelong protection after receiving the measles vaccination as recommended. Two doses of the measles-containing vaccine can confer protection of up to 97 per cent.

The incubation period of measles is seven to 21 days. Symptoms include fever, skin rash, cough, runny nose and red eyes. If such symptoms appear after returning from measles-endemic areas, people should wear surgical masks, stay home from work or school, avoid crowded places and contact with unvaccinated people, especially those with weak immune systems, pregnant women and children under 1 year old, and should consult their doctors as soon as possible.

Dengue fever

During their travels, members of the public are urged to stay vigilant against mosquito-borne diseases, including DF, Japanese encephalitis, zika virus infection, and malaria, with DF being a particular concern, and to carry out stringent anti-mosquito measures. In 2024, the World Health Organization recorded over 14 million cases of DF, which was a record number of cases. Some popular travel destinations for Hong Kong citizens, such as Thailand, Singapore and Malaysia, are also endemic areas for DF.
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Members of the public should follow these anti-mosquito measures when travelling to areas affected by DF to reduce the chance of acquiring mosquito-borne diseases during travels and spreading the diseases to others through mosquitoes:
- Wear loose, light-coloured, long-sleeved tops and trousers;
- Use DEET-containing insect repellent on exposed parts of the body and clothing. For details about the use of insect repellents and key points to be observed, please refer to Tips for using insect repellents;
- When engaging in outdoor activities, avoid using fragrant cosmetics or skincare products, reapply insect repellents according to instructions, and apply insect repellents after sunscreen if both are used; and
- Apply insect repellent for 14 days upon returning to Hong Kong from areas affected by DF.
Norovirus infection

Norovirus is more active in winter, and the virus can be transmitted through various means, such as eating contaminated food, contacting with the vomit or excreta of infected persons, and touching contaminated objects. It may lead to an outbreak of acute gastroenteritis (AGE). With the current AGE activities in popular travel destinations for Hong Kong citizens, such as Japan, Singapore and Taiwan, being higher than during the same period last year, and with temperatures in some areas remaining low, members of the public are still at risk of infection during travels.

Norovirus is also a common cause of food poisoning and is often related to consumption of undercooked or raw shellfish. Therefore, the following points on food safety should be observed during travels:
- Patronise reliable and licensed restaurants;
- Avoid raw food or undercooked food, especially raw seafood or meat;
- Be careful in choosing cold cuts, including sashimi, sushi and oysters in buffets;
- When having hotpots or barbecuing, make sure the food is thoroughly cooked before eating;
- Drink boiled water; and
- Wash hands thoroughly with liquid soap and water before eating and after using the toilet.
Dr Tsui reminded returned travellers to consult a doctor promptly if they develop symptoms such as fever, respiratory symptoms, rash or gastroenteritis symptoms, and to inform the doctor of their travel history for prompt diagnosis and treatment.

“The CHP will continue to monitor the situation of infectious diseases locally and abroad and provide timely updates to members of the public to keep them informed about the development of infectious diseases and help them prepare for precautionary measures,” Dr Tsui said.

The public may visit the DH’s Travel Health Service webpage for the latest information on infectious disease outbreaks in various parts of the world and the preventive measures.

MIL OSI Asia Pacific News –
April 16, 2025
MIL-OSI United Kingdom: G7 foreign ministers’ statement marking 2 years since the beginning of Sudan war
Source: United Kingdom – Executive Government & Departments 3

News story

G7 foreign ministers’ statement marking 2 years since the beginning of Sudan war

G7 foreign ministers gave a joint statement marking 2 years since the beginning of the war in Sudan.
Joint statement:

We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America and the High Representative of the European Union, unequivocally denounce the ongoing conflict, atrocities and grave human rights violations and abuses in Sudan, as the world marks two years since the beginning of the devastating war between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF).

As a direct result of the actions of the SAF and the RSF, the people of Sudan, especially women and children, are enduring the world’s largest humanitarian and displacement crises, and continued atrocities, including widespread conflict-related sexual violence, ethnically motivated attacks and reprisal killings. These must end immediately.

We strongly condemn the RSF attacks carried out in and around El Fasher on the Zamzam and Abu Shouk IDP camps, which have caused numerous casualties, including humanitarian workers. Civilians must be protected and allowed safe passage.

As famine continues to spread across Sudan, G7 members are disturbed by reports of the use of starvation of civilians as a method of warfare and reiterate that such actions are prohibited under international humanitarian law.

We call on the warring parties to uphold their obligations under international humanitarian law and their commitments under the Jeddah Declaration, which include the crucial responsibility to distinguish at all times between civilians and combatants and between civilian objects and military targets.

We call on all parties to the conflict to lift impediments to effective crossline humanitarian assistance, provide assurances of safety and security for local and international humanitarian actors, and allow humanitarian access through all border crossings into Sudan, including through South Sudan and Chad. We recognize the important role of Emergency Response Rooms in providing for and protecting civilians and call for their protection. We further call on all parties to refrain from attacks on critical infrastructure that civilians rely upon, including dams and telecommunications systems.

We call for an immediate and unconditional ceasefire and urge both the SAF and the RSF to engage meaningfully in serious, constructive negotiations. All external actors must cease any support that further fuels the conflict, in accordance with the Declaration of Principles adopted at the International Humanitarian Conference for Sudan and Neighbouring Countries in Paris in 2024 and the United Nations arms embargo on Darfur. We condemn all violations and unlawful attacks by the SAF, the RSF, and their allied militias.

For sustainable peace in Sudan, any resolution to the conflict must be rooted in the voices of Sudanese civilians. Women, youth, and civil society must be meaningfully included in all peace processes.

We reaffirm our support for a democratic transition and express our solidarity with the people of Sudan in their efforts to shape the future of their country that reflects their aspirations for freedom, peace and justice.

The sovereignty, unity and territorial integrity of Sudan are paramount.

G7 members remain committed to deepening collective diplomatic efforts to bring about an end to the world’s largest humanitarian crisis and secure an end to the conflict, including through the London Sudan Conference.

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Published 15 April 2025
MIL OSI United Kingdom –
April 16, 2025
MIL-OSI Asia-Pac: President Lai meets delegation led by Tuvalu Deputy Prime Minister Panapasi Nelesone

Source: Republic of China Taiwan

Details
2025-04-10
President Lai pens Bloomberg News article on Taiwan’s response to US reciprocal tariffs
On April 10, an article penned by President Lai Ching-te entitled “Taiwan Has a Roadmap for Deeper US Trade Ties” was published by Bloomberg News, explaining to a global audience Taiwan’s strategy on trade with the United States, as well as how Taiwan will engage in dialogue with the aim of removing bilateral trade barriers, increasing investment between Taiwan and the US, and reducing tariffs to zero. The following is the full text of President Lai’s article: Last month, the first of Taiwan’s 66 new F-16Vs rolled off the assembly line in Greenville, South Carolina. Signed during President Donald Trump’s first term, the $8 billion deal stands as a testament to American ingenuity and leadership in advanced manufacturing. Beyond its economic impact – creating thousands of well-paying jobs across the US – it strengthens the foundations of peace and stability in the Indo-Pacific. This deal is emblematic of the close interests shared between Taiwan and the US. Our bond is forged by an unwavering belief in freedom and liberty. For decades, our two countries have stood shoulder-to-shoulder in deterring communist expansionism. Even as Beijing intensifies its air force and naval exercises in our vicinity, we remain resolute. Taiwan will always be a bastion of democracy and peace in the region. This partnership extends well beyond the security realm. Though home to just 23 million people, Taiwan has in recent years become a significant investor in America. TSMC recently announced it will raise its total investment in the US to $165 billion – an initiative that will create 40,000 construction jobs and tens of thousands more in advanced chip manufacturing and R&D. This investment will bolster the emergence of a new high-tech cluster in Arizona. Taiwan is committed to strengthening bilateral cooperation in manufacturing and innovation. As a trade-dependent economy, our long-term success is built on trade relationships that are fair, reciprocal and mutually beneficial. Encouraging Taiwanese businesses to expand their global footprint, particularly in the US, is a vital part of this strategy. Deepening commercial ties between Taiwanese and American firms is another. These core principles will guide our response to President Trump’s reciprocal tariffs. First, we will seek to restart trade negotiations with a common objective of reducing all tariffs between Taiwan and the US. While Taiwan already maintains low tariffs, with an average nominal rate of 6%, we are willing to further cut this rate to zero on the basis of reciprocity with the US. By removing the last vestiges to free and fair trade, we seek to encourage greater trade and investment flows between our two countries. Second, Taiwan will rapidly expand procurement of American goods. Over the past five years, rising demand for semiconductors and AI-related components has increased our trade surplus. In response to these market trends, Taiwan will seek to narrow the trade imbalance through the procurement of energy, agriculture and other industrial goods from the US. These efforts will create thousands of new jobs across multiple sectors. We’ll also pursue additional arms procurements that are vital to our self-defense and contribute to peace and stability over the Taiwan Strait. During President Trump’s first term, we secured $18 billion in arms deals, including advanced fighter jets, tanks and anti-ship missiles. Future purchases, which are not reflected in trade balances, build on our economic and security partnership while being essential to Taiwan’s “Peace Through Strength” approach. Third, new investments will be made across the US. Already, Taiwanese firms support 400,000 jobs throughout all 50 states. Beyond TSMC, we also see emerging opportunities in electronics, ICT, energy and petrochemicals. We will establish a cross-agency “US Investment Team” to support bilateral trade and investment – and we hope that efforts will be reciprocated by the Trump administration. Fourth, we are committed to removing non-tariff trade barriers. Taiwan will take concrete steps to resolve persistent issues that have long impeded trade negotiations. And finally, we will strongly address US concerns over export controls and improper transshipment of low-cost goods through Taiwan. These steps form the basis of a comprehensive roadmap for how Taiwan will navigate the shifting trade landscape, transforming challenges in the Taiwan-US economic relationship into new opportunities for growth, resilience and strategic alignment. At a time of growing global uncertainty, underpinned by growing Chinese assertiveness, closer trade ties are more than sound economics; they are a critical pillar of regional security. Our approach is long-term and principled, grounded in a lasting commitment to our friendship with the US, a firm belief in the benefits of fair and reciprocal trade, and an unwavering dedication to peace and stability across the Taiwan Strait. We are confident that our shared economic and security interests will not only overcome turbulence in the international trade environment – they will define the future of a free and open Indo-Pacific.

Details
2025-04-08
President Lai receives credentials from new Tuvalu Ambassador Lily Tangisia Faavae
On the morning of April 8, President Lai Ching-te received the credentials of new Ambassador Extraordinary and Plenipotentiary of Tuvalu to the Republic of China (Taiwan) Lily Tangisia Faavae. In remarks, President Lai welcomed the ambassador to her new post and thanked Tuvalu for its long-term support for Taiwan’s international participation. The president also noted that joint efforts between our two countries have produced fruitful results in such areas as medicine and public health, agricultural and fisheries technology, and information and communications technology. He expressed his hope that we will continue to deepen our bilateral relations so as to generate even greater well-being for our peoples and promote peace, stability, and prosperity in the Pacific region. A translation of President Lai’s remarks follows: It is a great pleasure today to receive the credentials of Ambassador Extraordinary and Plenipotentiary of Tuvalu Lily Tangisia Faavae. On behalf of the Republic of China (Taiwan), I extend my warmest welcome to you. Last year, the Republic of China (Taiwan) and Tuvalu celebrated 45 years of diplomatic relations. Prime Minister Feleti Teo visited Taiwan in May last year for the inauguration of myself and Vice President Bi-khim Hsiao and again in October for our National Day celebrations. When I visited Tuvalu last December, I was warmly received by the government and people of Tuvalu, and I deeply felt that our two countries were like family. Ambassador Faavae’s posting to Taiwan demonstrates the importance Prime Minister Teo places on our ties. Widely recognized for her exceptional talent, Ambassador Faavae is an outstanding official with extensive experience in public service. Moreover, during her term as Permanent Secretary of the Ministry of Health and Social Welfare, she voiced support for Taiwan at the World Health Assembly. I believe that with her assistance, our two nations will further advance cooperation and exchanges. I want to thank the government of Tuvalu for long supporting Taiwan’s international participation. Furthermore, joint efforts between our two countries have produced fruitful results in such areas as medicine and public health, agricultural and fisheries technology, and information and communications technology. Last year, Prime Minister Teo and I signed a joint communiqué on advancing the comprehensive partnership between Taiwan and Tuvalu. Going forward, we will stand together in tackling the challenges we face, including climate change and expanding authoritarianism. And we will continue to deepen our bilateral relations so as to generate even greater well-being for our peoples and promote peace, stability, and prosperity in the Pacific region. Once again, I warmly welcome Ambassador Faavae to her new post in Taiwan. Please convey warmest regards from Taiwan to Prime Minister Teo and all of our friends in Tuvalu. I wish you all the best in work and life during your term in Taiwan. Ambassador Faavae then delivered remarks, saying that it is a great honor and privilege to meet with President Lai today as the new Ambassador Extraordinary and Plenipotentiary of Tuvalu to Taiwan, and to present to him her letter of credence. She then extended, on behalf of the government and people of Tuvalu, her warmest greetings and deep respect to the president and people of Taiwan. The letter of credence, she noted, signifies the trust and confidence that her government and governor-general have placed in her to represent their nation and to foster and strengthen the bonds of friendship and cooperation between our countries. Ambassador Faavae said that our two countries have enjoyed a longstanding relationship of 45 years based on mutual respect, cooperation, and shared values. She added that we have collaborated, and continue to do so, in such fields as education, health, climate change adaptation and sea level rise mitigation, agriculture, clean energy, and internet connectivity. Ambassador Faavae pointed out that Tuvalu remains committed to deepening ties with Taiwan and that it values people-to-people connections and our shared Austronesian heritage. She noted that the people of Tuvalu, a small developing nation, have greatly benefited from Taiwan’s advanced technical expertise and diverse financial assistance. She said she believes Tuvalu and Taiwan share a common interest and are united in our efforts and commitment to upholding democracy, peace, stability, and prosperity for our people and making the world better and safer. Ambassador Faavae stated that as ambassador of Tuvalu to Taiwan, she pledges to work diligently and respectfully to enhance our bilateral relations, promote mutual understanding, and facilitate collaboration in areas of shared concern. The ambassador said she looks forward to collaborating closely with the Taiwan government and other stakeholders to achieve our common objectives and to continue building a more prosperous and harmonious future for our nations. In closing, she thanked President Lai for the opportunity to serve and to further the enduring friendship between our two countries.

Details
2025-03-28
President Lai meets British Office Taipei Representative Ruth Bradley-Jones
On the afternoon of March 28, President Lai Ching-te met with British Office Taipei Representative Ruth Bradley-Jones. In remarks, President Lai welcomed Representative Bradley-Jones as she takes up her post in Taiwan, and thanked the United Kingdom government and parliament for demonstrating staunch support for Taiwan. The president indicated that Taiwan and the UK enjoy close economic and trade ties, and our industries complement each other well, with great potential for collaboration in such fields as semiconductors, AI, unmanned vehicles, and medium- and low-orbit satellites. He stated that he looks forward to expanding exchanges with the UK across all domains so as to enhance democratic and economic resilience, jointly advancing the prosperous development of the Indo-Pacific region and economic security around the world. A translation of President Lai’s remarks follows: It is a pleasure to meet Representative Bradley-Jones here at the Presidential Office for this exchange. I understand that she has proactively called at many government agencies since taking up her post last month. On behalf of the people of Taiwan, I extend a warm welcome. Taiwan and the UK are partners that share the values of freedom and democracy. In recent years, our bilateral relations have continued to deepen. With the efforts of Representative Bradley-Jones and our respective governments, I look forward to the expansion of dialogue and cooperation between Taiwan and the UK. This will further elevate our bilateral ties. Especially in the face of expanding authoritarianism, the UK is not only playing an important role in crafting a unified European response; it is also demonstrating staunch support for Taiwan through various channels. For example, joint statements released after the Australia-UK ministerial consultations, as well as the G7 foreign ministers’ meeting, underlined a high level of concern for peace and stability across the Taiwan Strait. The UK government has publicly expressed support for Taiwan’s international participation on multiple occasions. And last November, the UK House of Commons passed a motion clearly asserting that United Nations General Assembly Resolution 2758 does not mention Taiwan. These actions attest to the UK’s belief in supporting democracy and peace, and have further solidified our countries’ friendship. I would like to convey my deepest gratitude to the UK government and parliament. Currently, the UK is Taiwan’s fourth largest trading partner in Europe and second largest source of investment from Europe. We enjoy close economic and trade ties, and our industries complement each other well. There is also great potential for collaboration in such fields as semiconductors, AI, unmanned vehicles, and medium- and low-orbit satellites. We look forward to expanding exchanges with the UK across all domains so as to enhance democratic and economic resilience. We also hope the UK will continue to support Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership so that together, we can work with more like-minded partners, jointly advancing the prosperous development of the Indo-Pacific region and economic security around the world. Once again, I welcome Representative Bradley-Jones to Taiwan and wish her all the best with her work. I anticipate that Taiwan-UK relations will continue to steadily advance through our joint efforts. Representative Bradley-Jones then delivered remarks, first saying in Mandarin that she is honored to meet with President Lai to discuss topics of mutual concern and jointly deepen Taiwan-UK relations, promoting mutual understanding, respect, and cooperation. She went on to say that she came to Taiwan last August to study Mandarin, and began her post as British Office Taipei representative in February this year, noting that every day she learns more about and gains a deeper understanding of Taiwan. Last year, she said, she visited Tainan and Wanli, and found Tainan’s wetlands and the scenery in Wanli very impressive. She added that she has also tried many different Taiwanese foods, and is looking forward to experiencing even more of Taiwan’s local culture and customs over the next four years. Continuing her remarks in English, Representative Bradley-Jones stated that since taking up her post, she has borne witness to the strength of the relationship between Taiwan and the UK and the potential for it to continue to grow. She said that on trade and investment, there is significant complementarity between Taiwan’s Five Trusted Industry Sectors and the UK’s Industrial Strategy, particularly in areas such as digital technologies, advanced manufacturing, and clean energy. Both governments are also together supporting Taiwan and UK businesses through our Enhanced Trade Partnership and annual trade talks, she said. Representative Bradley-Jones went on to say that on science and technology, Taiwan and the UK can and should do more together. She noted that the UK has the third largest tech sector in the world and is valued at over US$1.1 trillion, while Taiwan is the center of the semiconductor and AI hardware world. Given our complementary strengths, especially in areas such as semiconductors, space, and communications technology, she said, the UK has stepped up its level of activity in Taiwan, including by regularly hosting a UK Pavilion at SEMICON and funding 18 joint R&D programs through our new collaborative R&D fund, and looks forward to doing more together in the future. In support of Taiwan’s whole-of-society resilience, the representative said, the UK is supporting valuable exchanges, co-hosting GCTF (Global Cooperation and Training Framework) workshops, sharing lessons on financial sector resilience, and reaching out to mayors and community leaders across Taiwan. From financial resilience to cyber resilience, she said, the UK’s public sector and private industries have plenty to share and learn. Representative Bradley-Jones stated that on people-to-people links, parliamentarians, civil society, and academics are continuing to deepen contact, and that she is particularly excited by a new smart parliament partnership agreed upon by the Taiwan Foundation for Democracy and the UK’s Westminster Foundation for Democracy, which aims to facilitate cross-party, cross-society, and cross-border exchanges on issues such as democratic governance, AI, inclusive policy-making, and public safety. The representative indicated that the examples she mentioned just scratch the surface of the full potential of the Taiwan-UK relationship. She said that the UK’s longstanding policy remains unchanged, and fundamentally, that is because we share a common set of values and interests. We are together focused on how to make our societies safer and more prosperous tomorrow than they are today, she said, and as like-minded democracies, innovative economies, and practical partners, the sincere and pragmatic cooperation between Taiwan and the UK is bringing material benefits to the prosperity and well-being of our people every day.

Details
2025-03-21
President Lai meets Alaska Governor Mike Dunleavy
On the morning of March 21, President Lai Ching-te met with a delegation led by Alaska Governor Mike Dunleavy. In remarks, President Lai said that Alaska has long been an important trading partner of Taiwan, and that we have built a solid foundation for cooperation in such fields as energy, fisheries, and tourism. The president expressed hope that Taiwan and Alaska will have more frequent engagement and exchanges so that our relations can continue to grow to create prosperous development for both sides. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend my sincerest welcome to our guests. This is Governor Dunleavy’s first visit to Taiwan, and last night, we both attended the Hsieh Nien Fan (謝年飯) banquet hosted by the American Chamber of Commerce in Taiwan. I am delighted to have this opportunity to meet with Governor Dunleavy today at the Presidential Office for further dialogue. Alaska has long been an important trading partner of Taiwan. Our sister-state relationship was established in 1988, and we have built a solid foundation for cooperation in such fields as energy, fisheries, and tourism. Currently, Taiwan is Alaska’s eighth largest export market and ninth largest source of imports. This goes to show just how close our trade and economic ties are and how much potential there is for further growth. As I said in my remarks at last night’s Hsieh Nien Fan banquet, Taiwan is interested in buying Alaskan natural gas. I am sure that Governor Dunleavy’s visit will help us explore even more opportunities for cooperation and continue to deepen Taiwan-United States relations. In the face of such challenges as expanding authoritarianism, climate change, and pandemics, we look forward to strengthening collaboration between Taiwan and the US. By drawing on our strengths, we can jointly build non-red supply chains to bolster our economic resilience and drive the advancement of global technology. I want to thank the US government for reiterating the importance it attaches to peace and stability across the Taiwan Strait and its opposition to any attempt to change the status quo by force or coercion. These statements backing Taiwan help in maintaining stability across the Taiwan Strait and in the Indo-Pacific region. Once again, I thank Governor Dunleavy for traveling such a long way to Taiwan. We hope to see more frequent engagement and exchanges between Taiwan and Alaska so that our relations can continue to grow, and we can create prosperous development for both sides. Governor Dunleavy then delivered remarks, saying that their trip to visit friends in Taiwan has been fantastic, thanking President Lai for the invitation to meet, and thanking all the staff. Governor Dunleavy said that as the pandemic was raging, the world went from “before COVID” to “after COVID.” Before COVID, he said, the world relied on a number of systems that were in place for decades after World War II involving supply chains, alliances, sources of energy, trading partners, and friends. He went on to say that as we go beyond COVID, we are reestablishing and reevaluating who our friends are, where we are going to get our energy, and who our trading partners are going to be. The governor said that we are creating a new world for the next 50 years with the new administration in Washington, and this is an opportunity for us to reevaluate and reinvest with our friends for the next 50 years in each other, our futures, and our security. Governor Dunleavy stated that one thing is for certain: that Taiwan is a friend of the US and a friend of Alaska, and has been for many, many decades. He said that it is their hope in this trip and subsequent trips to establish an even tighter bond among their friends in Taiwan, the US, and Alaska. The governor also said that we have much in common in that we are members of the Pacific family, are democracies, and believe in freedom, free speech, and capitalism. He indicated that he has much optimism for the future, and that as we reestablish relationships throughout the world, energy is going to be the key and the basis for our economic development, our national security, and our friendship. Governor Dunleavy said that he believes this trip is going to lay the groundwork for a fantastic future between Taiwan, Alaska, and the US, and that with President Lai’s support as well as the support of the US administration, we can work together to build even better relationships.

Details
2025-03-20
President Lai attends AmCham Taiwan 2025 Hsieh Nien Fan
On the evening of March 20, President Lai Ching-te attended the annual Hsieh Nien Fan (謝年飯) banquet hosted by the American Chamber of Commerce in Taiwan (AmCham Taiwan). In remarks, President Lai pointed out that the United States is now a major source of investment in Taiwan, adding that last year US investment accounted for 11.5 percent of total foreign investment in Taiwan. The president also pointed out that the US has become Taiwan’s largest investment destination, as Taiwan’s direct and indirect investment in the US accounted for more than 40 percent of its total outbound investment last year. President Lai expressed hope that AmCham will continue to offer support in quickly resolving the issue of double taxation, further enhancing the mutually beneficial Taiwan-US economic and trade partnership. He also emphasized that one essential element for our economic prosperity is maintaining security and stability, both regionally and globally. The president expressed his belief that, so long as we coordinate our efforts, we can achieve more in our respective defense industries and build non-red supply chains, advancing peace, stability, and prosperity. A transcript of President Lai’s remarks follows: I’m delighted to be here tonight. I want to wish everyone and their families a happy, healthy, and prosperous year ahead. For many years now, AmCham has acted as a bridge between Taiwan and the US. It not only advocates for Taiwan to various sectors in the US, but also offers advice for the development of Taiwan’s industries. So tonight, I would like to express my deepest gratitude to all our friends from the American business community. The 2025 Business Climate Survey, published by AmCham this January, demonstrates the confidence foreign businesses have in the Taiwan market. We are happy to see that over 80 percent of survey respondents reported stable or increased revenue last year, and around 80 percent expressed confidence in Taiwan’s economic prospects for the coming year. Moreover, 90 percent of businesses surveyed are planning to maintain or expand their investments in Taiwan. The positive developments in Taiwan made by our American friends here tonight, their outlook for the future, and their confidence in Taiwan, are further proof of Taiwan’s ideal environment for investment. The US is now a major source of investment in Taiwan. Last year, US investment accounted for 11.5 percent of total foreign investment in Taiwan. In 2023, Entegris opened a new manufacturing facility in Kaohsiung and Micron launched a new facility in Taichung. Last year, Google further solidified Taiwan as its biggest R&D hub outside of the US by opening a new office here. AMD, Nvidia, and major cloud computing companies from the US have also been choosing Taiwan to expand their presence. Over the past several years, the US has also become Taiwan’s largest investment destination. Taiwan’s direct and indirect investment in the US accounted for more than 40 percent of our total outbound investment last year. Four years ago, TSMC’s [Taiwan Semiconductor Manufacturing Company] investment in facilities in Arizona became the biggest FDI [foreign direct investment] in a greenfield project in US history. And this month, TSMC announced it would expand that investment, breaking another record and highlighting the enduring prosperity shared by Taiwan and the US. In addition to TSMC, Taiwan’s GlobalWafers has built a 12-inch silicon wafer factory in Texas, the biggest in the US. This will be followed by many other industries. These companies are confidently expanding their global presence across the Pacific and eastward into the Americas. The US is moving to reindustrialize its manufacturing industry and consolidate high-tech leadership, as it moves to become a global AI hub. In these efforts, Taiwan is an indispensable partner for the US. While the US is a leader in chip design, Taiwan’s semiconductor manufacturing plays an irreplaceable part in the supply chain. Adapting to the changing geopolitical landscape and the coming era of smart technology, Taiwan will continue to promote its Five Trusted Industry Sectors of semiconductors, AI, military, next-gen communications, and security and surveillance. This will drive the next stage in our economic development. A great time to invest in Taiwan is now. We will continue to better connect relevant government agencies and align with international standards to foster a friendlier investment environment. And I am confident that Taiwanese and American companies can leverage their respective high-tech expertise and invest in each other, boosting growth in industrial innovation and development for both our economies. At the same time, we hope to continue deepening Taiwan-US trade relations. Last year, Taiwan was the seventh largest trading partner of the US, up one spot from the previous year, and bilateral trade grew by 24.2 percent. Taiwan is going to expand procurement from the US of industrial and agricultural products, as well as natural gas. I am very happy to welcome Governor [Mike] Dunleavy of Alaska, who has specially come all the way to Taiwan. Alaska is a source of high-quality natural gas, and its relatively short distance from Taiwan facilitates transportation. So we are very interested in buying Alaskan natural gas because it can meet our needs and ensure our energy security. We hope that AmCham will continue to offer support in quickly resolving the issue of double taxation and removing tax barriers to bilateral investment and trade, further enhancing the mutually beneficial Taiwan-US economic and trade partnership. One essential element for our economic prosperity is maintaining security and stability, both regionally and globally. So we are grateful for the joint leaders’ statement issued by [US] President [Donald] Trump and Japan’s Prime Minister Ishiba Shigeru, in which they expressed their solid support for maintaining peace and stability across the Taiwan Strait. As we face growing authoritarianism, Taiwan will continue to uphold our values of freedom and democracy and will be a responsible actor in regional and global security. Currently, Taiwan’s defense budget stands at about 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. At the same time, we will continue to reform national defense, further enhancing Taiwan’s self-defense capabilities. And we will advance our cooperation with the US and other democracies in upholding regional stability and prosperity. We also welcome continued Taiwan-US cooperation in the defense sector. I believe that, so long as we coordinate our efforts, we can achieve more in our respective defense industries and build non-red supply chains, advancing peace, stability, and prosperity. In closing, I look forward to seeing even greater achievements from Taiwan-US economic and trade cooperation. Thank you. After remarks, President Lai, AmCham Chairperson Dan Silver, American Institute in Taiwan Taipei Office Director Raymond Greene, and Governor Dunleavy raised their glasses in recognition of the strong Taiwan-US friendship.

Details
2025-04-06
President Lai delivers remarks on US tariff policy response
On April 6, President Lai Ching-te delivered recorded remarks regarding the impact of the 32 percent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. In his remarks, President Lai explained that the government will adopt five response strategies, including making every effort to improve reciprocal tariff rates through negotiations, adopting a support plan for affected domestic industries, adopting medium- and long-term economic development plans, forming new “Taiwan plus the US” arrangements, and launching industry listening tours. The president emphasized that as we face this latest challenge, the government and civil society will work hand in hand, and expressed hope that all parties, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. A translation of President Lai’s remarks follows: My fellow citizens, good evening. The US government recently announced higher tariffs on countries around the world in the name of reciprocity, including imposing a 32 percent tariff on imports from Taiwan. This is bound to have a major impact on our nation. Various countries have already responded, and some have even adopted retaliatory measures. Tremendous changes in the global economy are expected. Taiwan is an export-led economy, and in facing future challenges there will inevitably be difficulties, so we must proceed carefully to turn danger into safety. During this time, I want to express gratitude to all sectors of society for providing valuable opinions, which the government regards highly, and will use as a reference to make policy decisions. However, if we calmly and carefully analyze Taiwan’s trade with the US, we find that last year Taiwan’s exports to the US were valued at US$111.4 billion, accounting for 23.4 percent of total export value, with the other 75-plus percent of products sold worldwide to countries other than the US. Of products sold to the US, competitive ICT products and electronic components accounted for 65.4 percent. This shows that Taiwan’s economy does still have considerable resilience. As long as our response strategies are appropriate, and the public and private sectors join forces, we can reduce impacts. Please do not panic. To address the reciprocal tariffs by the US, Taiwan has no plans to adopt retaliatory tariffs. There will be no change in corporate investment commitments to the US, as long as they are consistent with national interests. But we must ensure the US clearly understands Taiwan’s contributions to US economic development. More importantly, we must actively seek to understand changes in the global economic situation, strengthen Taiwan-US industry cooperation, elevate the status of Taiwan industries in global supply chains, and with safeguarding the continued development of Taiwan’s economy as our goal, adopt the following five strategies to respond. Strategy one: Make every effort to improve reciprocal tariff rates through negotiations using the following five methods: 1. Taiwan has already formed a negotiation team led by Vice Premier Cheng Li-chiun (鄭麗君). The team includes members from the National Security Council, the Office of Trade Negotiations, and relevant Executive Yuan ministries and agencies, as well as academia and industry. Like the US-Mexico-Canada free trade agreement, negotiations on tariffs can start from Taiwan-US bilateral zero-tariff treatment. 2. To expand purchases from the US and thereby reduce the trade deficit, the Executive Yuan has already completed an inventory regarding large-scale procurement plans for agricultural, industrial, petroleum, and natural gas products, and the Ministry of National Defense has also proposed a military procurement list. All procurement plans will be actively pursued. 3. Expand investments in the US. Taiwan’s cumulative investment in the US already exceeds US$100 billion, creating approximately 400,000 jobs. In the future, in addition to increased investment in the US by Taiwan Semiconductor Manufacturing Company, other industries such as electronics, ICT, petrochemicals, and natural gas can all increase their US investments, deepening Taiwan-US industry cooperation. Taiwan’s government has helped form a “Taiwan investment in the US” team, and hopes that the US will reciprocate by forming a “US investment in Taiwan” team to bring about closer Taiwan-US trade cooperation, jointly creating a future economic golden age. 4. We must eliminate non-tariff barriers to trade. Non-tariff barriers are an indicator by which the US assesses whether a trading partner is trading fairly with the US. Therefore, we will proactively resolve longstanding non-tariff barriers so that negotiations can proceed more smoothly. 5. We must resolve two issues that have been matters of longstanding concern to the US. One regards high-tech export controls, and the other regards illegal transshipment of dumped goods, otherwise referred to as “origin washing.” Strategy two: We must adopt a plan for supporting our industries. For industries that will be affected by the tariffs, and especially traditional industries as well as micro-, small-, and medium-sized enterprises, we will provide timely and needed support and assistance. Premier Cho Jung-tai (卓榮泰) and his administrative team recently announced a package of 20 specific measures designed to address nine areas. Moving forward, the support we provide to different industries will depend on how they are affected by the tariffs, will take into account the particular features of each industry, and will help each industry innovate, upgrade, and transform. Strategy three: We must adopt medium- and long-term economic development plans. At this point in time, our government must simultaneously adopt new strategies for economic and industrial development. This is also the fundamental path to solutions for future economic challenges. The government will proactively cooperate with friends and allies, develop a diverse range of markets, and achieve closer integration of entities in the upper, middle, and lower reaches of industrial supply chains. This course of action will make Taiwan’s industrial ecosystem more complete, and will help Taiwanese industries upgrade and transform. We must also make good use of the competitive advantages we possess in such areas as semiconductor manufacturing, integrated chip design, ICT, and smart manufacturing to build Taiwan into an AI island, and promote relevant applications for food, clothing, housing, and transportation, as well as military, security and surveillance, next-generation communications, and the medical and health and wellness industries as we advance toward a smarter, more sustainable, and more prosperous new Taiwan. Strategy four: “Taiwan plus one,” i.e., new “Taiwan plus the US” arrangements: While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. This has been our national economic development strategy, and the most important aspect is maintaining a solid base here in Taiwan. We absolutely must maintain a solid footing, and cannot allow the present strife to cause us to waver. Therefore, our government will incentivize investments, carry out deregulation, and continue to improve Taiwan’s investment climate by actively resolving problems involving access to water, electricity, land, human resources, and professional talent. This will enable corporations to stay in Taiwan and continue investing here. In addition, we must also help the overseas manufacturing facilities of offshore Taiwanese businesses to make necessary adjustments to support our “Taiwan plus one” policy, in that our national economic development strategy will be adjusted as follows: to stay firmly rooted in Taiwan while expanding our global presence, strengthening US ties, and marketing worldwide. We intend to make use of the new state of supply chains to strengthen cooperation between Taiwanese and US industries, and gain further access to US markets. Strategy five: Launch industry listening tours: All industrial firms, regardless of sector or size, will be affected to some degree once the US reciprocal tariffs go into effect. The administrative teams led by myself and Premier Cho will hear out industry concerns so that we can quickly resolve problems and make sure policies meet actual needs. My fellow citizens, over the past half-century and more, Taiwan has been through two energy crises, the Asian financial crisis, the global financial crisis, and pandemics. We have been able to not only withstand one test after another, but even turn crises into opportunities. The Taiwanese economy has emerged from these crises stronger and more resilient than ever. As we face this latest challenge, the government and civil society will work hand in hand, and I hope that all parties in the legislature, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. Let us join together and give it our all. Thank you.

MIL OSI Asia Pacific News –

April 16, 2025
MIL-OSI China: US small businesses file lawsuit against Trump’s tariffs

Source: China State Council Information Office

Multiple U.S. small businesses Monday sued to challenge the White House’s authority to unilaterally issue tariffs on April 2.

The lawsuit filed in the U.S. Court of International Trade argues that U.S. President Donald Trump’s administration has no authority to issue across-the-board worldwide tariffs without congressional approval.

The lawsuit was jointly filed by the Liberty Justice Center, a nonprofit, nonpartisan and public-interest litigation firm, and Ilya Somin, a co-counsel and professor of law at George Mason University, according to a court document.

The lawsuit is filed on behalf of five owner-operated businesses from the states of New York, Pennsylvania, Utah, Virginia and Vermont.

“Trade deficits have existed for decades, and do not constitute a national emergency or threat to security,” the Liberty Justice Center said in a release. “Moreover, the (Trump) Administration imposed tariffs even on countries with which the United States does not have a trade deficit, further undermining the administration’s justification.”

Trump invoked the International Emergency Economic Powers Act (IEEPA) to justify the “Liberation Day” tariffs, as well as the tariffs on Mexico, Canada and China, noted the center.

However, the IEEPA does not authorize the U.S. president to impose across-the-board tariffs, and not even authorize tariffs at all, argued the complaint.

Amid widespread opposition, Trump signed an executive order on April 2 on the so-called “reciprocal tariffs,” imposing a 10-percent “minimum baseline tariff” and higher rates on certain trading partners.

MIL OSI China News –

April 16, 2025
MIL-OSI USA: Murray, Colleagues Press U.S. Trade Representative on How Trump Tariff Are Hurting Farmers

US Senate News:

Source: United States Senator for Washington State Patty Murray
ICYMI: Senator Murray, Commerce Director Nguyễn, WA Businesses and Agriculture Respond to Trump Tariffs Raising Costs on Americans, Tanking Economy
Washington, D.C. — U.S. Senators Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, Amy Klobuchar (D-MN), and 17 of their colleagues sent a letter asking U.S. Trade Representative (USTR) Ambassador Jamieson Greer for information on how the Administration’s tariff taxes will impact farmers across the nation.
“We write with great concern about the impact of the Administration’s reckless tariff agenda on our nation’s farmers,” the senators wrote. “Farmers not only have billions of dollars in commodities from last year waiting to be sold, but also have started spring planting and rely on stable markets for their planning.”
“As farm organizations and economists have been warning for months, key trading partners will continue to retaliate against U.S. agricultural products as a result of President Trump’s tariffs,” the senators continued. “The direct economic impact and uncertainty on America’s farmers stands to change the future of agricultural trade relationships for generations.”
Along with Murray and Klobuchar, the letter was signed by U.S. Senators Ron Wyden (D-WA), Dick Durbin (D-IL), Mark Warner (D-VA), Jeff Merkley (D-OR), Kirsten Gillibrand (D-NY), Chris Coons (D-DE), Tammy Baldwin (D-WI), Martin Heinrich (D-NM), Gary Peters (D-MI), Chris Van Hollen (D-MD), Tina Smith (D-MN), Ben Ray Luján (D-NM), Raphael Warnock (D-GA), Peter Welch (D-VT), Adam Schiff (D-CA), Elissa Slotkin (D-MI), and Angela Alsobrooks (D-MD).
The full letter is available here and below.
Dear Ambassador Greer,
We write with great concern about the impact of the Administration’s reckless tariff agenda on our nation’s farmers. Farmers not only have billions of dollars in commodities from last year waiting to be sold, but also have started spring planting and rely on stable markets for their planning. These farmers have made planting decisions and purchased key inputs such as seeds and fertilizer, selected crop insurance coverage, and even began marketing their expected production. Long before the President’s across-the-board tariff announcement, millions of acres of fall-planted crops like winter wheat were already in the ground and farmers already have enough uncertainty without tariffs adding more volatility.
We continue to hear from farmers and businesses across the agricultural supply chain who are bearing the brunt of the negative impacts of the global tariffs announced by President Trump on April 2, 2025, and earlier tariffs on Canada and Mexico. These actions and the resulting retaliation have injected further uncertainty into the farm economy and continue to rattle commodity markets. Heading into this year, farmers were already facing tightened margins resulting from declining commodity prices and heightened input costs. Many farmers are in a much worse position than they were heading into the 2018-2019 trade war and so are less equipped to withstand the impacts of continued volatility.
As farm organizations and economists have been warning for months, key trading partners will continue to retaliate against U.S. agricultural products as a result of President Trump’s tariffs. For example, on April 3rd, China announced a 34 percent retaliatory tariff on all products from the U.S. A major export destination for U.S.-grown soybeans, futures prices dropped 34 cents on Friday, with an estimated loss in value of unsold 2024 soybeans of nearly $300 million. That Friday drop would also cost farmers nearly $1.4 billion on the 2025 crop. Cotton, another crop that is heavily reliant on exports followed a similar steep decline. Since then, volatility in the markets has continued as the Administration has continued to change the tariffs day-by-day and sometimes hour-by-hour. While the tariffs are currently 10 percent across-the-board for nearly all countries except China, this continued uncertainty is the last thing farmers need as they begin planting season.
Farmers are also continuing to experience the long-term implications of the 2018-2019 trade war when structural trade flows shifted to favor farmers in Brazil and Argentina. A prolonged trade war now with key trading partners will just further exacerbate those trade shifts. This market share that farmers are losing is the result of more than $15 billion in investments by both taxpayers and the farmers themselves through trade promotion programs over the last 50 years.
The direct economic impact and uncertainty on America’s farmers stands to change the future of agricultural trade relationships for generations. As such, we request responses to the following questions:
Did USTR perform any analysis on the impact of the across-the-board tariff policy on farmers prior to implementation? If so, please share that analysis with us.
What do you expect to be the short- and long-term impacts of tariffs on farmers?

There have been conflicting reports as to whether tariffs are being used as leverage in trade negotiations or as a long-term structural shift in trade policy.
Can you provide clarity on the goals of the administration’s trade policy?
If tariffs are being used as leverage in trade negotiations, what are your top agriculture priorities and markets? What countries are you prioritizing in negotiations, and what is the basis for determining those countries?

President Trump indicated that U.S. farmers need to get ready to supply the domestic market instead of the international markets.
Has USTR or have other agencies done analysis to show how production and consumption of crops would need to shift, or what domestic processing would be necessary to accomplish this goal? For example, there is very limited domestic cotton spinning, weaving or apparel manufacturing.
Significant parts of the agricultural trade imbalance are related to imports of specialty crops, many of which are either grown in tropical regions or imported during the off-season. U.S. farmers will not be able to produce these commodities in the same volume or season. Will consumers need to shift from fresh produce in the off season or be forced to pay a higher price due to the tariffs on these products?

Prior to the announcement of the across-the-board tariffs and per-country rates, the USDA announced plans for trade missions to several countries including some with tariffs as high as 46%.
Did USTR consult with USDA on the trade missions or setting tariffs based on targets for opening markets?

We have serious concerns about the haphazard approach taken by the Administration to tariffs that cause unnecessary uncertainty and harm for U.S. farmers and their markets. We look forward to a prompt response.

MIL OSI USA News –

April 16, 2025
MIL-OSI Submissions: Business Tech – Valsoft Expands Healthcare Portfolio with the Acquisition of American Data

Source: Valsoft Corporation

Montreal, Canada, April 15, 2025 – Valsoft Corporation Inc. (“Valsoft”), a Canadian company specializing in the acquisition and development of vertical market software businesses, today announced the acquisition of American Data, a pioneer in Electronic Health Record (EHR) software for the U.S. long-term care sector.

“American Data is a trusted leader in long-term care, with a best-in-class EHR platform and a team deeply committed to customer success,” said Peter Blanchard, Portfolio VP at Valsoft. “We are proud to welcome them into the Valsoft family. Our mission is to ensure a seamless transition and continue building on their legacy of innovation and service excellence.”

This acquisition deepens Valsoft’s investment in healthcare technology, particularly in the senior and long-term care space—an area experiencing rapid growth driven by aging population trends. American Data joins Valsoft’s expanding healthcare portfolio, which also includes Vocantas, a leader in complex shift management for healthcare providers.

“It has been an honor and a privilege to serve our clients over the years,” said John Ederer, President of American Data. “We are confident that Valsoft is the right partner to usher American Data into its next chapter, bringing fresh ideas to better meet our customers evolving needs.”

As part of this next phase, Kara McDonald, a healthcare technology veteran with more than 25 years of experience in product strategy and customer success, will lead American Data’s growth.

Valsoft’s operating model centers on providing a permanent, stable home for software businesses, preserving their unique strengths while supporting growth through enhanced resources and operational expertise. American Data will continue to operate independently, maintaining its commitment to innovation, customer service, and excellence, now supported by increased resources, operational expertise, and long-term vision.

About American Data
For more than four decades, American Data has helped long-term care providers deliver better outcomes through its flagship solution, ECS (Electronic Chart System). ECS offers fully customizable electronic health records tailored to the specific workflows of senior care facilities. The platform integrates clinical, financial, and administrative capabilities to enable seamless communication, real-time decision-making, and regulatory compliance. Learn more at www.american-data.com.

About Valsoft
Valsoft acquires and develops vertical market software companies that deliver mission-critical solutions. A key tenet of Valsoft’s philosophy is to invest in established businesses and foster an entrepreneurial environment that shapes a company into a leader in its respective industry. Unlike private equity and VC firms, Valsoft does not have a predefined investment horizon and looks to buy, hold, and create value through long-term partnerships with existing management and customers. Learn more at www.valsoftcorp.com.

Valsoft was represented internally by David Felicissimo (General Counsel) and Elisa Marcon (Paralegal). American Data was represented by Reid J. Hazelton of von Briesen & Roper, s.c..

MIL OSI – Submitted News –

April 16, 2025
MIL-OSI USA News: Fact Sheet: President Donald J. Trump Announces Actions to Lower Prescription Drug Prices
Source: The White House
LOWERING PRESCRIPTION DRUG PRICES: Today, President Donald J. Trump signed an Executive Order to expand on the historic efforts of his first term to lower prescription drug prices.
- The Order directs the Department of Health and Human Services to take steps to significantly reduce drug prices for American patients.
- It delivers lower drug prices for Medicare and the seniors who rely on it by:
  
  Improving the Medicare Drug Pricing Negotiation Program in order to eclipse the 22% in savings achieved in the program’s first year.
  
  Aligning Medicare payment for certain prescription drugs with the cost by which hospitals actually acquire them, which can be 35% lower than what the government currently pays.
  
  Standardizing Medicare payments for prescription drugs, such as cancer treatments, regardless of where the patient receives care, which can lower prices by as much as 60%.
- It provides massive discounts to low-income patients for life-saving medications.
  
  Insulin prices for low-income patients and the uninsured will be lowered to as low as $0.03, plus a small administrative fee.
  
  Injectable epinephrine for low-income patients and the uninsured will be as low as $15, plus a small administrative fee.
- The Order helps states reduce drug prices by:
  
  Facilitating importation programs that could save states millions in prescription drug costs.
  
  Building off programs to help states get much better deals on expensive sickle-cell medications in Medicaid than the statutorily required 23.1% discount.
BRINGING RADICAL TRANSPARENCY AND COMPETITION TO PRESCRIPTION DRUG MARKETS: President Trump is dedicated to creating a transparent, competitive, and fair prescription drug market for American consumers.
- President Trump has already taken numerous actions to end the practice of large corporations profiting by keeping health care prices and business practices hidden from Americans.
- The Order increases the availability of generics and biosimilars, which can be as much as 80% cheaper than brand alternatives.
- The Order builds off that critical work and reevaluates the role of middlemen by:
  
  Improving disclosure of fees that pharmaceutical benefit managers (PBMs) pay to brokers for steering employers to utilize their services.
  
  Directing the administration to develop reforms to promote a more competitive, transparent, efficient, and resilient prescription drug value chain.
- By addressing the influence of middlemen and promoting open competition, President Trump’s actions aim to create a fairer prescription drug market that lowers costs and ensures accountability across the health care system.
PUTTING AMERICAN PATIENTS FIRST ONCE AGAIN: President Trump is delivering on his promise to once again put American patients first by building off of the historic efforts of his first term to lower prescription drug prices.
- In his first term, President Trump took numerous actions that delivered real results for patients:
  
  The Food and Drug Administration sped up development of lower-cost generic medicines and biosimilars as well as created a pathway for states to import lower cost drugs from Canada.
  
  Government-mandated discounts were passed through to patients instead of being retained by middlemen.
  
  Price transparency rules were developed to allow patients, doctors, and employers to see the actual cost of prescription drugs.
  
  Insulin copays were capped for Medicare beneficiaries.
- Unsurprisingly, the Biden-Harris Administration let many of these priorities languish while failing to even achieve the savings projected from the new Medicare Prescription Drug Negotiation Program.
- President Trump will not stand for inaction, and his Administration is working rapidly to lower the cost of prescription drugs for Americans.
MIL OSI USA News –
April 16, 2025
MIL-OSI USA: ICYMI: Rosen in Las Vegas Sun: Trump abandoned his promise to lower prices, but I won’t

US Senate News:

Source: United States Senator Jacky Rosen (D-NV)
LAS VEGAS, NV – U.S. Senator Jacky Rosen (D-NV) penned an op-ed in the Las Vegas Sun criticizing President Trump for abandoning his promise to lower costs for Nevada families and reaffirming her support to provide families financial relief. In the piece, she highlighted how President Trump’s reckless tariffs and cuts to essential services are hurting hardworking Nevadans.
Las Vegas Sun: Sen. Rosen: Trump abandoned his promise to lower prices, but I won’t
By Jacky Rosen
Throughout the 2024 presidential election, Donald Trump promised to bring down costs for Americans on Day 1. It’s the reason many people in our state voted for him. Unfortunately, he’s broken that promise. As president, he’s abandoned efforts to ease the financial burden so many Nevada families are facing. Instead, he’s focused on giving major tax breaks to ultra-wealthy individuals like Elon Musk.
At the beginning of his term, I stood ready to work with President Trump to bring down costs. But I am not going to support policies or politicians that will hurt families in our state.
A nonpartisan report recently found that Trump’s new taxes will cost the average family nearly $4,000 per year, increase home prices by roughly $20,000, and car prices by $3,000.
Our state’s economy is fueled by travel and tourism, which rely on visitors coming to our city and spending money. If families are squeezed and their disposable incomes are decimated, fewer visitors from around the country will be able to afford a trip to Las Vegas.
Just recently, Republicans rammed through a budget resolution in the middle of the night that puts Medicaid on the chopping block to pay for more tax cuts for billionaires. Medicaid is not just a health care program; it’s a lifeline for Nevadans in need.
There’s a key difference between Trump and me: He may break his promise to lower costs and make things affordable for Nevada families, but I won’t.
I helped pass bipartisan legislation in the Senate to reverse Trump’s tariffs on Canada.
I wrote a letter calling on the administration to reverse its tariffs and sounding the alarm about the impact Trump’s tariffs would have on housing costs in our state and nationwide.
And I’ve spoken out wherever I can — on the Senate floor, in committee hearings and back home in Nevada — to put pressure on this administration to keep its promise and do something to lower costs for our state.
It’s time for Trump and Republicans to stop putting the ultra-wealthy ahead of working families. It’s time for them to put aside their hyper-partisan actions that are raising costs. It’s time to deliver meaningful financial relief for Nevadans. I’m ready to get that done.

MIL OSI USA News –

April 16, 2025
MIL-OSI: Orca Announces Signing Settlement Agreement for the Payment of Arrears Owing by Tanzania Electric Supply Company Limited

Source: GlobeNewswire (MIL-OSI)

TORTOLA, British Virgin Islands, April 15, 2025 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces that PanAfrican Energy Tanzania Limited (“PAET”) signed a Settlement Agreement with Tanzania Petroleum Development Corporation (“TPDC”) and Tanzania Electric Supply Company Limited (“TANESCO”) for TANESCO to pay PAET and TPDC US$52.0 million for unpaid amounts owing by TANESCO for deliveries of natural gas from the Songo Songo gas field.

PAET and TPDC (collectively, the “Seller“) agreed with TANESCO in the Portfolio Gas Supply Agreement (as amended) (the “PGSA”) to supply it with Additional Gas (as defined in the Production Sharing Agreement (“PSA”) between PAET, TPDC and the Government of Tanzania). TANESCO, a parastatal organization wholly owned and controlled by the Government of Tanzania with oversight by the Ministry of Energy, has lifted, but not paid for, certain Additional Gas volumes supplied by the Seller. The parties acknowledged in the Settlement Agreement that these unpaid amounts totaled US$104,164,507.41 (the “TANESCO Arrears”) as of January 9, 2025, comprised of US$33.7 million of the principal amount owing and approximately US$70.5 million of default interest.

The Settlement Agreement requires TANESCO to pay the Seller the Tanzanian Shilling equivalent of US$52.0 million (the “Settlement Amount”) comprised of the US$33.7 million principal amount and US$18.3 million representing a portion of the default interest owed by TANESCO to the Seller. The Seller agreed to waive the balance of the default interest owing by TANESCO to the Seller if TANESCO pays the Settlement Amount when required and in full. TANESCO must pay the Settlement Amount to PAET in weekly installments commencing in April 2025 and ending in October 2025. Payments on account of the Settlement Amount will be allocated between PAET and TPDC in accordance with the PSA. Pursuant to the PSA, and assuming payment in full of the Settlement Amount, Orca expects to retain approximately US$29.4 million of the Settlement Amount with TPDC retaining the balance.

If TANESCO breaches its payment obligations under the Settlement Agreement, the Settlement Agreement terminates and the Seller will be entitled to enforce its rights to receive payment of the net amount of the TANESCO Arrears owing plus default interest.

Jay Lyons, Chief Executive Officer, commented:

“We are pleased to announce that a financial settlement has been reached for the Additional Gas volumes historically supplied but not paid for under the PGSA with TANESCO. Since Orca first entered Tanzania, the Company has always strived to act in the best interests of the country. This situation was no different. Despite Orca not being fully paid by TANESCO for certain volumes supplied, dating back to 2013, the Company chose to continue supplying natural gas to TANESCO in order to help protect the Tanzanian economy through sustained power generation.

The Group is pleased to have resolved the ongoing arrears situation, with a clear payment plan now laid out that will enable TANESCO to pay the reduced amount agreed by all parties and stop incurring further arrears. It is important to note that in the event the payment schedule is not adhered to, the Group retains the right to pursue other avenues of legal recourse available to it in order to safeguard the interests of its investors.”

Orca Energy Group Inc.

Orca Energy Group Inc. is an international public company engaged in natural gas development and supply in Tanzania through PAET. Orca trades on the TSX Venture Exchange under the trading symbols ORC.B and ORC.A.

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.

Forward-Looking Information

This news release contains forward-looking statements or information (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included in this news release, which address activities, events or developments that Orca expects or anticipates to occur in the future, are forward-looking statements. Forward-looking statements often contain terms such as may, will, should, anticipate, expect, continue, estimate, believe, project, forecast, plan, intend, target, outlook, focus, could and similar words suggesting future outcomes or statements regarding an outlook. More particularly, this news release contains, without limitation, forward looking statements pertaining to the following: timing as to payment of the Settlement Amount; that the Seller will receive the full Settlement Amount in accordance with the terms of the Settlement Agreement; that the Settlement Agreement will not be terminated; the estimated portion of the Settlement Amount to be received by PAET; and whether TANESCO will pay some or all of the Settlement Amount in Tanzanian Shillings at the Bank of Tanzania Selling Rate on the date of payment. Although management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results since such expectations are inherently subject to significant business, economic, operational, competitive, political and social uncertainties and contingencies.

These forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control, and many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking statements made by the Company, including, but not limited to: risks as to timing of payment of the Settlement Amount; risks that the Seller will not receive the full Settlement Amount in accordance with the terms of the Settlement Agreement; risks that the Settlement Agreement will be terminated; uncertainty around the portion of the Settlement Amount to be received by PAET; and uncertainty whether TANESCO will pay some or all of the Settlement Amount in Tanzanian Shillings at the Bank of Tanzania Selling Rate on the date of payment. No assurances can be given that any of the events anticipated by these forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

Such forward-looking statements are based on certain assumptions made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate in the circumstances, including, but not limited to: the Company’s relationship with TANESCO; that TANESCO will abide by the terms of the Settlement Agreement; that the amount of receivable by PAET pursuant to the Settlement Agreement will be in line with expectations; and other matters.

The forward-looking information contained in this news release is provided as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable Canadian securities laws.

The MIL Network –

April 16, 2025
MIL-OSI Canada: Delivering on compassionate intervention
[. The creation of the Alberta Recovery Model is a shift in addiction policy, with an approach that focuses on services and investments to lead people down a path of healing. Alberta’s government built this model because with the right care and support, recovery is possible.

Despite the supports for treatment and recovery, there are some individuals who remain likely to cause harm to themselves or others as a result of their addiction or substance use. In response to these concerns, Alberta’s government is delivering on its promise to bring forward the Compassionate Intervention Act to support the health, wellness and recovery of Albertans facing severe addiction challenges and in turn, restore safety for families and communities.

“For those suffering from addiction there are two paths – they can let their addiction destroy and take their life or they can enter recovery. There is no compassion in leaving people to suffer in the throes of addiction and in Alberta we choose recovery. That’s why we’re introducing compassionate intervention – another tool in the Alberta Recovery Model – to help keep our communities safe while ensuring our most vulnerable can access much needed recovery supports.”

Danielle Smith, Premier

“We cannot – and will not – stand by and let addiction destroy our families and communities. The Compassionate Intervention Act will provide life-saving support, ensuring families are no longer forced to watch their loved ones suffer from the deadly disease of addiction and endure the pain it brings.”

Dan Williams, Minister of Mental Health and Addiction

If passed, the Compassionate Intervention Act would create a pathway for parents, family members, guardians, health care professionals, and police or peace officers to request a treatment order or care plan for those who, because of their severe addiction, are likely to cause harm to themselves or others. Compassionate intervention is just one tool to help someone pursue recovery, which is why other options should be tried and specific criteria met before someone could be considered eligible.

The eligibility criteria for youth are comparable to the Protection of Children Abusing Drugs Act (PChAD), which provides mandatory short-term stabilization, detox and assessment. Compassionate intervention would replace and improve PChAD, allowing for longer-term treatment, an easier application process and increased family involvement in a child’s recovery.

“This is an opportunity to bring forward a world-leading program that will restore health to our most vulnerable Albertans, many of whom are facing the most severe addictions. I look forward to working with Recovery Alberta and Alberta’s government to help lead a thoughtful and evidence-informed implementation of compassionate intervention.”

Dr. Rob Tanguay, interim senior medical lead for compassionate intervention, Recovery Alberta

“With evidence-based programming and support, the compassionate intervention program will be a world leader in addressing some of the most complex cases of addiction. Recovery Alberta is well-positioned to deliver this with incredible staff and clinicians, and we look forward to supporting more people in their journey to reclaim their lives from the disease of addiction.”

Kerry Bales, CEO, Recovery Alberta

Premier Danielle Smith and Mental Health and Addiction Minister Dan Williams announce introduction of compassionate intervention legislation

Alberta’s government has built a strong partnership focused on recovery with Indigenous communities across the province. The Compassionate Intervention Act includes the ability for First Nations and Métis to integrate their unique practices and traditions into the compassionate intervention process.

Budget 2025 provides $180 million over three years to build two 150-bed compassionate intervention centres in Edmonton and Calgary, with construction expected to begin in 2026. These centres, operated by Recovery Alberta, will support intakes and assessment, and delivery of compassionate intervention care for adults. With an immediate need to provide compassionate intervention care, Alberta’s government is also exploring options to have some temporary adult spaces available within existing facilities next year.

For youth capacity, Alberta’s government is planning to transition protective safe houses used for PChAD into spaces for compassionate intervention. Next year, Alberta’s government expects to open the Northern Alberta Youth Recovery Centre, which will more than double addiction treatment capacity for youth and include space for care under the Compassionate Intervention Act.

Every patient who leaves the compassionate intervention system will leave with a discharge plan for ongoing supports and services. This may include continuing treatment in a recovery community or another community bed-based program, day programming, psychiatric care and/or ongoing work with a recovery coach. It may also include help finding housing, employment, skills training and more.

Key facts:
- Significant investments have been made to expand treatment capacity since 2019, such as:
  - Publicly funding more than 10,000 addiction treatment spaces.
  - Building 11 recovery communities, including four in partnership with First Nations and one with the Métis Nation within Alberta.
  - Expanding Virtual Opioid Dependency Program (VODP), which provides same-day access to evidence-based addiction treatment medication.
Related information
- Compassionate Intervention
- Fact sheet – Compassionate Intervention: A path to recovery
- Fact sheet – Compassionate Intervention: Based on best practices
- Alberta Recovery Model
- Bill 53: Compassionate Intervention Act
Related news
- Laying the foundation for compassionate intervention (Feb 24, 2025)
Multimedia
- Watch the news conference
- Listen to the news conference
- Listen to Albertans’ stories
Quotes:

“We value our partnership with Alberta’s government as we work to save lives and bring people into recovery. But with new, increasingly deadly drugs like methamphetamine and fentanyl, we can’t keep doing the same things and expect different results while people are dying. As Chief of Enoch Cree Nation, I support compassionate intervention and welcome investments that prioritize Indigenous culture and new approaches that truly meet the needs of our people.”

Chief Cody Thomas, Enoch Cree Nation

“Tsuut’ina Nation is grateful for our relationship with the Ministry of Mental Health and Addiction. Compassionate intervention is an important part of addressing the opioid addiction crisis. We are confident that this policy, guided by elders and experts, will provide valuable support for individuals and families in need.”

Chief Roy Whitney, Tsuut’ina Nation

“We cannot afford to sit back and watch our nation members continue to suffer in their addiction. We must intervene. We would much rather step in with compassionate intervention instead of waiting until we are going to funerals.”

Chief Ouray Crowfoot, Siksika Nation

“As Chief of Woodland Cree First Nation, I appreciate Alberta’s commitment to addressing addiction through expanded treatment and recovery supports. With the Compassionate Intervention Act, it’s encouraging to see the government taking steps to work in partnership with First Nations. While we recognize there are complexities with this approach, our shared goal remains the same: to provide our people with the help they need and to stop the devastation that addiction continues to bring to our communities.”

Chief Isaac Laboucan-Avirom, Woodland Cree First Nation

“We have never felt more pain than the day we found out we lost our daughter to addiction. Addiction truly does take over a person’s life, and it is devastating that legal intervention was not available to us. As parents, my husband and I support the Compassionate Intervention Act as an option for families today dealing with the challenges of addiction.”

Susan and Stephen Boone, parents of a child lost to addiction

“My son was discharged from the emergency room into our care, without any addiction resources or support. The new Compassionate Intervention Act is critical for other families in crisis like mine. The opportunity for recovery in Alberta is necessary for the addict who suffers and for those who love them.”

Janelle Watson, parent with a child affected by addiction

“Alberta is a leader in recovery, and other jurisdictions are taking note of what they are accomplishing. Compassionate intervention is an innovative and encouraging step forward in resolving the most complex cases of addiction. I strongly support approaches like this, which commit to providing high-quality, comprehensive, evidence-based treatment within therapeutic environments.”

Dr. Keith Humphreys, Esther Ting Memorial professor, Department of Psychiatry and Behavioral Sciences, Stanford University

“What Alberta is bringing forward for compassionate intervention and the Alberta Recovery Model is a monumental achievement and will provide a roadmap for the rest of North America. Providing options for long-term care with monitoring and accountability, similar to what we know works for doctors and pilots, is going to be a game-changer for those struggling with severe addiction and mental illness. It’s fantastic Alberta has the will to help people suffering from addiction by giving them the tools and support that will get them into recovery.”

Dr. Anna Lembke, professor and medical director of Addiction Medicine, Stanford University School of Medicine

“As an addiction psychiatrist, I welcome Alberta’s commitment to treatment and recovery, an example for governments everywhere to follow. Compassionate intervention for those experiencing severe addiction is a policy that will save lives and restore people’s well-being. Especially encouraging is the level of care that will be given to support psychiatric treatment along with long-term recovery.”

Dr. Charl Els, addiction psychiatrist and clinical professor, psychiatry, University of Alberta

“The Canadian Centre of Recovery Excellence (CoRE) appreciates Alberta’s willingness to align compassionate intervention with empirically proven practices, such as opioid agonist treatments, to help those with severe illness. As the policy moves forward, CoRE will closely monitor and research the outcomes to ensure it is helping people effectively stabilize and make meaningful progress in their recovery journeys.”

Dr. Nathaniel Day, chief scientific officer, Canadian Centre of Recovery Excellence

“Internationally and within Canada, attempts at intervention for drug-related problems have often proven ineffective as approaches have lacked a comprehensive plan and don’t account for the co-occurrence of complex illnesses. Alberta’s system-wide, holistic approach to compassionate intervention balances the short-term rights of individuals and the intermediate and long-term health and wellness of those same people. This new legislation definitely adds to the international benchmark status of the Alberta Recovery Model.”

Dr. Julian Somers, clinical psychologist and distinguished professor, Simon Fraser University

“Addiction is not just a big city issue. Each one of our communities has grappled with different social challenges such as addiction. Alberta’s Mid-sized Cities Mayors’ Caucus is pleased the Government of Alberta is introducing the Compassionate Intervention Act and welcomes the provincial government’s investment in solving the addiction crisis.”

Jeff Genung, mayor, Town of Cochrane and chair, Alberta Mid-sized Cities Mayors’ Caucus

“The Alberta Association of Chiefs of Police supports the Alberta Compassionate Intervention Act as a vital step toward addressing the complex challenges of addiction and recovery-oriented treatment for our communities. This legislation provides law enforcement with a compassionate approach to intervene and connect individuals in crisis with the treatment and support they need. By prioritizing public safety and individual well-being, this act reflects our shared commitment to building healthier and safer communities across Alberta.”

Mark Neufeld, president, Alberta Association of Chiefs of Police

“The Downtown Revitalization Coalition supports a comprehensive and compassionate approach to addressing the complex challenges of addiction and mental health in our communities. We commend the Alberta government for introducing the Compassionate Intervention Act, which recognizes that some individuals are simply not able to seek help or manage recovery on their own. This legislation offers a path forward – one grounded in care, a holistic plan of support and the belief that every person deserves the opportunity to reclaim their future.”

Cheryll Watson, chair, Downtown Revitalization Coalition, Edmonton

“Native Counselling Services of Alberta is pleased to support the Compassionate Intervention Act. We believe this is an important piece of legislation to support recovery for people who have been entrapped by addiction and are now a danger to themselves or others.”

Blake Jackman, director of housing, Native Counselling Services of Alberta

“It is important to do everything possible to help a young person be lifted out of addiction onto a path of recovery. Hull Services is pleased to support the Compassionate Intervention Act to enhance life-saving services for young Albertans in need.”

Jon Reeves, executive director, Hull Services

“We know the despair and hopelessness parents feel when their child is struggling with addiction to harmful substances. Through compassionate intervention, Wood’s Homes is pleased to support enhanced care options for young Albertans.”

Bjorn Johansson, CEO, Wood’s Homes

“This commitment to compassionate intervention is ensuring we bring as many people out of addiction as possible. It’s clear Alberta’s government is taking recovery seriously with significant investment into the delivery of compassionate intervention care.”

Bruce Holstead, person in recovery and executive director, Fresh Start Recovery Centre

“Human trafficking often has deep ties to mental health and addiction. Vulnerabilities caused by these issues make individuals more likely to be victimized by traffickers. Consequences of trauma resulting from being trafficked can also lead to new or deepening adverse mental health and addictions impacts. Compassionate intervention has the potential to provide a much-needed tool for prevention and rehabilitation supports for people directly impacted by, or at risk of human trafficking.”

Paul Brandt, founder and CEO, #NotInMyCity, and co-chair, Alberta Centre to End Trafficking in Persons

“When we opened Wihchihaw Maskokamik Society (Bear Lodge), it was with the goal to help our people find healing and support, and connect with culture and services to help save their lives. I have seen first-hand the damage that addiction can cause to a person’s life, and I’m hopeful that we now have an opportunity to help people who are most in need to change their lives for the better.”

Glori Sharphead, senior manager, Wihchihaw Maskokamik Society (Bear Lodge), Enoch Cree Nation

“We need to ask ourselves if it is better to leave someone to harm themselves or others with ongoing addiction or if we should compassionately intervene. The answer is obviously to intervene and do what we can to save someone’s life.”

Earl Thiessen, person in recovery and executive director, Oxford House Foundation

“The George Spady Society is a proud partner and contributor of the Alberta Recovery Model. Our organization appreciates the government’s approach to prioritizing the lives of people suffering from addiction through a range of care options and providing opportunities for compassionate intervention when needed.”

Dawn-Marie Diab, CEO, George Spady Society

“Acknowledging that no single solution will fit all, we support diverse approaches to meet community needs. The Compassionate Intervention Act addresses a critical gap in our systems, and we are encouraged by its potential to bolster the continuum of care for individuals facing severe addiction issues. We look forward to the opportunity to collaborate in shaping this effort, ensuring the number of lives lost to addiction is reduced through a dignified, human centered approach.”

Johanna Knettig, co-CEO, Bissell Centre

“There is nothing more heart-wrenching than families watching a loved one struggle with the illness of addiction. The families supported by PEP Society are glad to see this government’s plan for compassionate intervention, and we look forward to having this resource to rebuild health and wellness across Alberta.”

Lerena Greig, executive director, PEP Society

“CMHA Alberta Division and Centre for Suicide Prevention knows families struggle to access community-based addiction supports and treatment for their loved ones, all while watching their loved ones’ mental health and addiction issues deteriorate to a crisis. A framework to compassionately intervene with the most vulnerable among us can help. We are committed to continuing to build a community-based system of care that includes treatment combined with peer and family support throughout the journey.”

Mara Grunau, CEO, Canadian Mental Health Association, Alberta Division and Centre for Suicide Prevention

MIL OSI Canada News –
April 16, 2025
MIL-OSI Canada: G7 Foreign Ministers’ statement marking two years since the beginning of the devastating war in Sudan

Source: Government of Canada News

April 15, 2025 – Ottawa, Ontario – Global Affairs Canada

We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America and the High Representative of the European Union, unequivocally denounce the ongoing conflict, atrocities and grave human rights violations and abuses in Sudan, as the world marks two years since the beginning of the devastating war between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF).

As a direct result of the actions of the SAF and the RSF, the people of Sudan, especially women and children, are enduring the world’s largest humanitarian and displacement crises, and continued atrocities, including widespread conflict-related sexual violence, ethnically motivated attacks and reprisal killings. These must end immediately.

We strongly condemn the RSF attacks carried out in and around El Fasher on the Zamzam and Abu Shouk IDP camps, which have caused numerous casualties, including humanitarian workers. Civilians must be protected and allowed safe passage.

As famine continues to spread across Sudan, G7 members are disturbed by reports of the use of starvation of civilians as a method of warfare and reiterate that such actions are prohibited under international humanitarian law.

We call on the warring parties to uphold their obligations under international humanitarian law and their commitments under the Jeddah Declaration, which include the crucial responsibility to distinguish at all times between civilians and combatants and between civilian objects and military targets.

We call on all parties to the conflict to lift impediments to effective crossline humanitarian assistance, provide assurances of safety and security for local and international humanitarian actors, and allow humanitarian access through all border crossings into Sudan, including through South Sudan and Chad. We recognize the important role of Emergency Response Rooms in providing for and protecting civilians and call for their protection. We further call on all parties to refrain from attacks on critical infrastructure that civilians rely upon, including dams and telecommunications systems.

We call for an immediate and unconditional ceasefire and urge both the SAF and the RSF to engage meaningfully in serious, constructive negotiations. All external actors must cease any support that further fuels the conflict, in accordance with the Declaration of Principles adopted at the International Humanitarian Conference for Sudan and Neighbouring Countries in Paris in 2024 and the United Nations arms embargo on Darfur. We condemn all violations and unlawful attacks by the SAF, the RSF, and their allied militias.

For sustainable peace in Sudan, any resolution to the conflict must be rooted in the voices of Sudanese civilians. Women, youth, and civil society must be meaningfully included in all peace processes.

We reaffirm our support for a democratic transition and express our solidarity with the people of Sudan in their efforts to shape the future of their country that reflects their aspirations for freedom, peace and justice.

The sovereignty, unity and territorial integrity of Sudan are paramount.

G7 members remain committed to deepening collective diplomatic efforts to bring about an end to the world’s largest humanitarian crisis and secure an end to the conflict, including through the London Sudan Conference.

MIL OSI Canada News –

April 16, 2025
MIL-OSI United Kingdom: G7 Foreign Ministers’ statement marking two years since the beginning of Sudan war
Source: United Kingdom – Executive Government & Departments

News story

G7 Foreign Ministers’ statement marking two years since the beginning of Sudan war

The G7 Foreign Ministers’ have issued a joint statement marking two years since the beginning of the war in Sudan.
We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America and the High Representative of the European Union, unequivocally denounce the ongoing conflict, atrocities and grave human rights violations and abuses in Sudan, as the world marks two years since the beginning of the devastating war between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF).

As a direct result of the actions of the SAF and the RSF, the people of Sudan, especially women and children, are enduring the world’s largest humanitarian and displacement crises, and continued atrocities, including widespread conflict-related sexual violence, ethnically motivated attacks and reprisal killings. These must end immediately.

We strongly condemn the RSF attacks carried out in and around El Fasher on the Zamzam and Abu Shouk IDP camps, which have caused numerous casualties, including humanitarian workers. Civilians must be protected and allowed safe passage.

As famine continues to spread across Sudan, G7 members are disturbed by reports of the use of starvation of civilians as a method of warfare and reiterate that such actions are prohibited under international humanitarian law.

We call on the warring parties to uphold their obligations under international humanitarian law and their commitments under the Jeddah Declaration, which include the crucial responsibility to distinguish at all times between civilians and combatants and between civilian objects and military targets.

We call on all parties to the conflict to lift impediments to effective crossline humanitarian assistance, provide assurances of safety and security for local and international humanitarian actors, and allow humanitarian access through all border crossings into Sudan, including through South Sudan and Chad. We recognize the important role of Emergency Response Rooms in providing for and protecting civilians and call for their protection. We further call on all parties to refrain from attacks on critical infrastructure that civilians rely upon, including dams and telecommunications systems.

We call for an immediate and unconditional ceasefire and urge both the SAF and the RSF to engage meaningfully in serious, constructive negotiations. All external actors must cease any support that further fuels the conflict, in accordance with the Declaration of Principles adopted at the International Humanitarian Conference for Sudan and Neighbouring Countries in Paris in 2024 and the United Nations arms embargo on Darfur. We condemn all violations and unlawful attacks by the SAF, the RSF, and their allied militias.

For sustainable peace in Sudan, any resolution to the conflict must be rooted in the voices of Sudanese civilians. Women, youth, and civil society must be meaningfully included in all peace processes.

We reaffirm our support for a democratic transition and express our solidarity with the people of Sudan in their efforts to shape the future of their country that reflects their aspirations for freedom, peace and justice.

The sovereignty, unity and territorial integrity of Sudan are paramount.

G7 members remain committed to deepening collective diplomatic efforts to bring about an end to the world’s largest humanitarian crisis and secure an end to the conflict, including through the London Sudan Conference.

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Published 15 April 2025
MIL OSI United Kingdom –
April 16, 2025
MIL-OSI Canada: Lockdown and search at Matsqui Institution

Source: Government of Canada News (2)

April 15, 2025 – Abbotsford, British Columbia – Correctional Service Canada

On April 14, 2025, a lockdown was put in place at Matsqui Institution, a medium-security federal institution, to enable staff members to conduct an exceptional search.

The search was ordered to ensure the safety and security of the institution, its staff, and inmates.

Visits have been suspended until the search is completed. Normal operations will resume as soon as it is considered safe to do so.

The Correctional Service of Canada (CSC) is committed to preventing the entry of contraband and unauthorized items into its institutions. CSC works in partnership with the police to take action against those who attempt to introduce contraband into correctional institutions.

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MIL OSI Canada News –

April 16, 2025
MIL-OSI: Peyto Exploration & Development Corp. Confirms Monthly Dividend for May 15, 2025

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, April 15, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to April 2025 of $0.11 per common share is to be paid on May 15, 2025, for shareholders of record on April 30, 2025.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the President and CEO and includes estimates of monthly capital expenditures and production. For further information please contact:

Jean-Paul Lachance
President and Chief Executive Officer
Phone: (403) 261-6081
Fax: (403) 451-4100
info@peyto.com

Certain information set forth in this document, including management’s assessment of Peyto’s future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties’ control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

The MIL Network –

April 16, 2025
MIL-OSI: Rivalry Announces Application for a Management Cease Trade Order for Late Filing of Annual Filings

Source: GlobeNewswire (MIL-OSI)

TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (TSXV: RVLY) (OTCQB: RVLCF) (“Rivalry” or the “Company”), the leading sportsbook and iGaming operator for digital-first players, today announces that it will be late in filing its audited financial statements and management’s discussion and analysis for the year ended December 31, 2024 and related certifications (the “Annual Filings”).

In response to the Annual Filings delay, the Company has applied to the Ontario Securities Commission for a management cease trade order (the “MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) that will prohibit the management of the Company from trading in the securities of the Company until such time as the Annual Filings are filed. No decision has yet been made by the Ontario Securities Commission on this application. The Ontario Securities Commission may grant the application and issue the MCTO or it may impose an issuer cease trade order if the Annual Filings are not filed in a timely fashion. If the MCTO is granted, such an order would not generally affect the ability of persons who have not been directors, officers or insiders of the Company to trade the securities of the Company pending the filing of the Annual Filings on SEDAR+.

As previously announced, the Company has initiated a review of strategic alternatives to maximize long-term stakeholder value (the “Strategic Review”). The Company has determined that it is in the best interests of the Company to utilize its current management resources to advance the Strategic Review, resulting in a delay of completing the Annual Filings by the April 30, 2025 deadline.

The Company is working on the preparation of the Annual Filings and expects to complete the Strategic Review and the Annual Filings by June 30, 2025. Until the Annual Filings are filed, the Company intends to satisfy the provisions of the Alternate Information Guidelines as set out in NP 12-203 for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a news release.

The Company confirms that it is not subject to any insolvency proceeding as of the date hereof. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date hereof.

Company Contact:
Steven Salz, Co-founder & CEO
ss@rivalry.com

Investor Contact:
investors@rivalry.com

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Strategic Review, the anticipated filing of the Annual Filings, the application for the MCTO and the granting thereof by the Ontario Securities Commission.

Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; negative cash flow from operations and the Company’s ability to operate as a going concern; failure to retain or add customers; the Company having a limited operating history; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

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.

The MIL Network –

April 16, 2025
MIL-OSI Canada: Government Expands Legislation to Target Street Weapons and Illicit Drugs

Source: Government of Canada regional news

Released on April 15, 2025

Yesterday, the Legislative Assembly of Saskatchewan introduced House amendments to The Safe Public Spaces (Street Weapons) Act that will expand the Act to include fentanyl, hypodermic needles and methamphetamine.

Including fentanyl, methamphetamine and hypodermic needles as categories of street weapons recognizes the significant risks these items present to public safety. These amendments follow the government’s prior commitment to implement a comprehensive plan to protect communities from illicit fentanyl and methamphetamine production, transportation, trafficking and street use in the province.

The Act is expected to be passed during the spring sitting of the Legislative Assembly and come into force this summer after regulations have been finalized. Once in force, the Act will enable municipalities and First Nations to opt in to new rules to regulate the possession, transportation and storage of items potentially used as street weapons, such as large knives, machetes, hypodermic needles and bear spray.

“We are dedicated to creating safer communities for all Saskatchewan residents,” Justice Minister and Attorney General Tim McLeod said. “This legislation represents a pivotal step in ensuring that public spaces remain places of enjoyment and comfort, free from intimidation, violence caused by street weapons and illicit drugs.”

The government recognizes that many items used as street weapons have legitimate, legal purposes. The legislation contains appropriate exemptions to ensure these items can continue to be used for their lawful purposes, such as medical treatment, food preparation and protection from wildlife threats.

These new rules form part of the government’s multi-ministry approach to safer communities and neighbourhoods, which also includes $11.9 million for approximately 100 new municipal police officers, $2.7 million for 14 new Safer Communities and Neighbourhoods (SCAN) personnel to target nuisance properties, $2.5 million for the Saskatchewan Police College over the next three years, and updating The Safer Communities and Neighbourhoods Act to provide additional options to address nuisance properties.

For more information on Saskatchewan’s ongoing work to create safe communities and neighborhoods please visit:

Saskatchewan Announces Measures to Protect Communities Against Fentanyl and Methamphetamine | News and Media | Government of Saskatchewan.

Government of Saskatchewan Announces Major Investments in Public Safety | News and Media | Government of Saskatchewan.

Government of Saskatchewan Introduces New Bear Spray Regulations | News and Media | Government of Saskatchewan.

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For more information, contact:

MIL OSI Canada News –

April 16, 2025
MIL-OSI Security: Canadian Man Sentenced to 14 Years in Federal Prison for Transportation of a Minor to Engage in Criminal Sexual Activity

Source: Office of United States Attorneys

COUNCIL BLUFFS, Iowa – A Saskatchewan, Canada man was sentenced on March 6, 2025 to 14 years in federal prison for transporting a minor with the intent to engage in criminal sexual activity.

According to public court documents, Quentin Joel Nighttraveller, 45, drove his fourteen-year-old daughter from Canada to the United States. Nighttraveller worked as a commercial truck driver. In Rogers, Minnesota, Nighttraveller stopped to get the truck repaired. Nighttraveller sexually assaulted the victim. They continued the trip and while in Avoca, Iowa, the victim ran from the truck in the gas station and requested assistance. Nighttraveller drove away.

After completing his term of imprisonment, Nighttraveller will be required to serve a five-year term of supervised release. There is no parole in the federal system.

United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. This case was investigated by the Federal Bureau of Investigation and the Pottawattamie County Sheriff’s Office.

This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and the Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

MIL Security OSI –

April 16, 2025
MIL-OSI Canada: Sick notes restriction will leave more time for patient care
Source: Government of Canada regional news

Changes to the Employment Standards Act will leave health-care providers with more time to spend with patients by eliminating the need for workers to get sick notes for short-term absences from work.

Jennifer Whiteside, Minister of Labour, has introduced Bill 11, amending the Employment Standards Act to help ease the administrative burden on B.C.’s health-care practitioners by clarifying when it is appropriate for employers to request a sick note from workers.

“When you’re sick, the last thing you should have to do is go to your doctor or a medical clinic in order to get a piece of paper saying you’re sick,” Whiteside said. “Not only is that difficult for a sick person to do, but it doesn’t help you get better any faster or prevent the spread of illness.”

Currently, the act allows employers to request “reasonably sufficient proof” that an employee is sick. The changes to the act will clarify employers can’t request, and employees are not required to provide, a sick note written by a physician, nurse practitioner or registered nurse as evidence that the employee’s short-term absence from work was related to illness or injury.

“We’ve heard clearly from doctors around the province that unnecessary paperwork robs them of valuable time to see their patients,” said Josie Osborne, Minister of Health. “Eliminating sick notes for short-term absences is just one of the actions we are taking to cut administrative burden, make our system more efficient, and free up health professionals to focus on what they do best – providing care to British Columbians.”

Regulations will be established following engagement with stakeholders. Regulations will set out how many days is considered a short-term absence, and how often an employee may be absent before their employer can request a formal sick note. While the initial thrust of the regulations will deal with notes from doctors and nurse practitioners, the regulations may also consider notes from other health professionals.

The regulation will be implemented prior to respiratory illness season in fall 2025.

In addition to addressing unnecessary sick notes, the regulation update includes replacing fax and paper-based processes with digital systems, streamlining referral processes, consolidating and standardizing forms, and improving information-sharing between providers. As a result of a partnership effort with Doctors of BC and Health Quality BC, changes are being implemented related to the scheduling of medical imaging appointments, which are anticipated to save more than 180,000 physician hours per year.

Quotes:

Dr. Tracy Tresoor, physician, Ross Bay Health Clinic –

“Providing sick notes are one of many administrative burdens that family physicians face. More importantly, they highlight a disparity in access for people who do not have a primary care provider. I will welcome this small but meaningful change and hope that employers support their workers as well.”

Jane Narayan, family nurse practitioner, Axis Primary Care Clinic –

“I strongly support the decision to remove the requirement for employer-mandated sick notes for short-term and episodic illnesses. Too often, clinical appointments are booked solely for the purpose of obtaining a sick note. Removing this requirement will reduce unnecessary strain on our health-care system and allow clinicians to focus on delivering timely, meaningful care that genuinely supports our patient’s health and well-being.”

Quick Facts:
- The Canadian Medical Association estimates in 2024, B.C. doctors wrote approximately 1.6 million sick notes.
- Last year, the Canadian Medical Association and Doctors of BC called for the elimination of sick note requirements for employees taking a short-term absence from work due to illness or injury.
- Advocates estimate physicians across Canada spend between 10 and 19 hours each week on paperwork, including sick notes.
MIL OSI Canada News –
April 16, 2025
MIL-OSI: Freehold Royalties Declares Dividend for April 2025

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, April 15, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on May 15, 2025 to shareholders of record on April 30, 2025.

These dividends are designated as “eligible dividends” for Canadian income tax purposes.

Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.2 million gross drilling acres in the United States. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

The MIL Network –

April 16, 2025
MIL-OSI Russia: Leaving Russia is inevitable – UniCredit Bank also limits transfers in dollars

Translartion. Region: Russians Fedetion –

Sours: Mainfin Bank –

Why does UniCredit Bank limit transfers in dollars?

Suspension of outgoing transfers from Russian clients UniCredit Bank will happen on April 18 – the decision, as stated by the credit institution itself, was made “for reasons beyond the bank’s control.” At the same time, UniCredit has been winding down its business in Russia for several years now – against the backdrop of the start of the SVO and the sanctions imposed on the financial sector, the Italian group has repeatedly announced plans to abandon business in the Russian Federation.

True, the bank will not limit all dollar transactions now. Transfers will still be available in banks, located in the EU, Australia, USA, Canada, Turkey, UAE and a number of Asian countries. Such a selective approach is due to the absence of problems on the side of the recipient banks.

What other measures has UniCredit Bank taken to curtail its business in Russia?

The UniCredit Group is systematically winding down its operations on Russian territory – among the previously adopted restrictions are:

regular closure of offices and branches in the country’s cities; introduction of a 5% commission for currency transfers; suspension of transactions in euros for individuals; setting a limit on one transaction – no less than 10 thousand euros or dollars, if the amount is less, prior approval of the transaction is required.

“UniCredit Bank intends to sell its business in Russia, but it has not yet been possible to reach an agreement and conclude a deal, including due to the need to coordinate the sale with the Russian authorities,” the expert noted.

The bank plans to completely wind down its operations by 2027 – the reduction of assets is proceeding at an accelerated pace. The volume of retail business has already been reduced by 50%, the goal has been achieved a year ahead of schedule. However, experts are confident that the final decision to leave Russia will be made taking into account the real situation in the industry and existing geopolitical risks.

12:00 04/15/2025

Source:

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

https://mainfin.ru/novosti/uhod-iz-rossii-neizbezen-unikredit-bank-ogranicivaet-perevody-ese-iv-dollarah

MIL OSI Russia News –

April 16, 2025
MIL-OSI Canada: Alberta builds bigger and better
Source: Government of Canada regional news (2)
Alberta is starting the year strong, leading Canada with the highest number of housing starts in the country from January-March 2025, according to the Canada Mortgage and Housing Corporation (CMHC). Despite making up less than 13 per cent of Canada’s population, Alberta built more than 25 per cent of all housing starts in the country so far this year. The latest data released by CMHC reinforces that Alberta continues to show strong success in increasing its housing supply after a record-breaking 2024, which will help make housing more attainable for Albertans across the province.

Alberta’s government recognizes the need to build more homes as the population continues to grow. That’s why the province has been working to break down barriers and empower its housing partners to get more shovels in the ground faster, and the numbers are clear evidence that Alberta’s efforts are working. Despite Ontario and B.C. receiving far more federal housing dollars than Alberta, their housing starts are down 38 per cent and 30 per cent compared to last year, while Alberta’s housing starts are up by 18 per cent.

“Our government is working tirelessly to make the dream of home ownership a reality for Albertans. We are clearing the way for more homes to be built faster to help Albertans find housing that meets their needs and budgets. After a record-breaking 2024, today’s housing starts numbers are just more proof that Alberta’s plan to build homes is working.”

Jason Nixon, Minister of Seniors, Community and Social Services

Alberta’s government continues to support builders and encourage new residential housing construction by cutting red tape, incentivizing housing construction and supporting innovative strategies to build homes faster than ever. By taking action to help increase the housing supply, Alberta’s government is driving down costs and helping address the shortage of housing as more people call Alberta home.

Last fall, Alberta’s government launched the Stop Housing Delays online portal for developers and local authorities to help identify areas that are preventing fast and efficient residential construction. This portal serves as a ‘snitch line’ on red tape and will help the province identify and address barriers to housing construction, like municipal gatekeepers, so that Alberta can get homes built as quickly as possible.

To address homebuilding hurdles, Alberta’s government has updated the provincial building code and established a construction codes working group in November. The province is also attracting investment by ensuring that Alberta continues to have the lowest overall taxes in Canada, with no provincial sales tax and the lowest corporate tax rate.

“An 18 per cent increase in housing starts in the first quarter of 2025 shows that Alberta’s builders and developers continue to respond to the growing demand for housing. As an industry, we remain committed to working closely with the Government of Alberta to identify barriers and unlock housing opportunities that will enable us to deliver more homes for Albertans.”

Scott Fash, CEO, BILD Alberta Association

Quick facts
- Housing starts for January – March 2025 compared with January – March 2024
  
  provincewide: 11,470 compared with 9,744 (up 18 per cent)
  
  Calgary: 6,271 compared with 5,385 (up 16 per cent)
  
  Edmonton: 4,095 compared with 3,487 (up 17 per cent)
- In addition, through Budget 2025, Alberta’s government is investing $1.2 billion into affordable housing over the next three years, which supports the construction of more than 6,300 new affordable housing units.
- Since 2019, Alberta’s government has invested almost $851 million to build nearly 5,300 affordable housing units and close to 900 shelter spaces. This includes projects the government has committed to, that are in progress and that are complete.
- Together with its partners, Alberta’s government is supporting $9 billion in investments into affordable housing to support 25,000 additional low-income households by 2031.
Related information
- See the Canada Mortgage and Housing Corporation’s March Housing Starts Report.
MIL OSI Canada News –
April 16, 2025
MIL-OSI NGOs: New Amnesty International Hong Kong office opens overseas

Source: Amnesty International –

Amnesty International has announced the launch of a new Hong Kong section based overseas, following the closure of its offices in the city in 2021 amid a crackdown on human rights.

The new entity, Amnesty International Hong Kong Overseas (AIHKO), will be led by Hong Kong diaspora activists operating from key international hubs including Australia, Canada, Taiwan, the UK and the USA.

“The opening of Amnesty International Hong Kong Overseas marks a new chapter in the organization’s strengthened commitment to human rights in Hong Kong and its support for the Hong Kong diaspora around the world,” said Chi-man Luk, the new AIHKO Executive Director.

“The gutting of Hong Kong’s civil society has been a tragedy for the city with more than 100 non-profits and media outlets shut down or forced to flee. But since the closing of Amnesty International Hong Kong three years ago, our dedication has only grown. We are now ready to intensify our efforts by building new communities of support driven by the Hong Kong diaspora.”

MIL OSI NGO –

April 16, 2025
MIL-OSI Global: TikTok’s cookie challenge: Why some children share and others don’t

Source: The Conversation – Canada – By Rebecca Merkley, Assistant Professor, Department of Cognitive Science, Carleton University

Children need to use several of their developing social and cognitive reasoning skills to share during the cookie challenge. (Shutterstock)

The cookie challenge is one of the latest trends to go viral on TikTok. In the challenge, parents test how willing their child is to share a cookie. Typically, two adults and one young child each have a covered plate in front of them.

When the covers are removed, the child has two cookies on their plate, while one parent has one cookie and the other has none. Most children subsequently either keep both cookies or give one to the parent who had none.

The big question these parents are asking is: will my child share their cookies with me?

Would your child share with you?

Sharing is all about giving up personal resources to benefit others. It is a prosocial behaviour that requires thinking about the thoughts, desires and needs of others, which can sometimes be challenging for young children.

Children need to use several of their developing social and cognitive reasoning skills to share during the cookie challenge. They must:

a) recognize they have more cookies than their parents do;

b) inhibit their desire to immediately eat their cookies themselves; and

c) understand their parents also want a cookie.

Cognitive development research has shown that children develop all these skills over their first few years of life. Even if your young child thinks sharing is the right thing to do, they may not be able to connect all of their developing cognitive skills to support their sharing behaviour when faced with a cookie challenge. So, if a child doesn’t share, it doesn’t necessarily mean they are selfish.

How do children decide what is fair?

Children view fairness as everyone having the same amount. So, when cookies aren’t split equally, what do kids think is fair? When one parent is left out, most children in the TikTok videos share their extra cookie so everyone now has one; children believe the resources (in this case, the cookies) should always be evenly distributed. But what about the kids who don’t share?

Sharing a precious resource like a delicious cookie seems harder than sharing broccoli. However, that doesn’t mean children think it’s fair to keep the extra one. This could be why we see some videos where the child takes the cookie from one parent and gives it to another. The parent missing a cookie wants one, but the value of a cookie makes it harder for kids to resist their own impulses to keep the cookies they want for themselves.

While children think fair means having the same, or having an equal number, young kids don’t always know what equal numbers are. Kids who haven’t yet mastered how to count are less likely to share equally. Sharing equally requires understanding how many objects each person has. Most kids in the TikTok challenge videos seem to immediately recognize that they have two cookies, and that they have more than their parents do.

Children do not have to count in the cookie challenge because are able to subitize, which is the process of rapidly recognizing the exact number of objects in a set without counting them. Only small sets of objects up to four can be subitized. If we were to try a cookie challenge with more than four cookies, young children may be less likely to share equally. Teaching children to count can promote sharing behaviour.

Do parents influence sharing?

No, you haven’t failed as parents if your child doesn’t share.

Children are sensitive to their parents’ emotions. Hearing their parent express sadness at not having any cookies evokes an emotional response in the child. The parent’s disappointment prompts the child to notice there is a problem.

In many of the TikTok videos, parents also point out that the child has an extra cookie. Noticing the additional cookie prompts the child to look for a solution. The combination of the two leads many children to give one of their cookies away.

However, young children may not realize the parent wants a cookie without being prompted. Preschoolers often struggle to think about what others are thinking — a concept known as theory of mind. The child must place themselves in their parent’s shoes to understand that they want a cookie as well. Drawing attention to another person’s wants can encourage the child to share.

Outside of the challenge, parents can encourage their child to build sharing behaviours. Researchers have found that children are more likely to share following a structured interaction with a parent, which suggests that parents encourage and remind children to share. Reminding children to share with one another (sharing toys, taking turns, etc.) can help promote prosocial behaviours over the long term.

Are only children less likely to share?

Some TikTok commenters joke that children who do not share must be only children. Researchers from China found that three- to four-year-old only children shared fewer stickers than children with siblings did. However, when the researchers followed up with the same children a year later, there were no differences in how much only children shared compared to kids with siblings.

Children with siblings may have more opportunities to practise sharing from an earlier age. However, only children can have other experiences that promote prosocial sharing behaviour, such as playing with friends or cousins.

Having siblings is just one factor out of many that shape children’s early environments and influence their sharing behaviour. When one of this article’s authors, Rebecca Merkley, tried the challenge with her only child, she shared without hesitation.

If you’re curious about whether your child would share with you, try the cookie challenge and see what they do.

Rebecca Merkley 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.

Liza Kahwaji 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. TikTok’s cookie challenge: Why some children share and others don’t – https://theconversation.com/tiktoks-cookie-challenge-why-some-children-share-and-others-dont-254053

MIL OSI – Global Reports –

April 16, 2025

	Unit	Q1-2025
Ore processed	Tonnes	1,511,303
Ore grade	Au g/t	0.67
Plant recovery	%	87.9
Gold produced	Au oz	28,688

	Entry applications received by the ImmD
Guinea-Bissau	41
Vanuatu	15
Hungary	2
New Zealand	2
Australia	1
Canada	1
France	1
Greece	1
Malta	1
Total	65

Category: Canada

G7 foreign ministers’ statement marking 2 years since the beginning of Sudan war

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G7 Foreign Ministers’ statement marking two years since the beginning of Sudan war

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Why does UniCredit Bank limit transfers in dollars?

What other measures has UniCredit Bank taken to curtail its business in Russia?

Quick facts

Related information

Would your child share with you?

How do children decide what is fair?

Do parents influence sharing?

Are only children less likely to share?