NewzIntel.com

Category: Canada

  • MIL-OSI Africa: SA’s G20 Presidency aims for sustainable economic growth, job creation

    Source: Government of South Africa

    As the Chair of the Group of 20 (G20), South Africa’s goal is to promote mutually beneficial economic growth, create jobs and advance sustainable development for its partner nations, says Deputy President Paul Mashatile.

    Mashatile was speaking during the opening ceremony of the China International Supply Chain Expo (CISCE) in Beijing on Wednesday. The event showcases the latest developments in supply chain management.

    The Deputy President told the attendees that South Africa firmly believes that the establishment of enduring business relationships must occur within the framework of a fair, inclusive, and rules-based global economic order. 

    “This order should prioritise industrialisation, investment in green technologies, and digital infrastructure as key components of sustainable development, especially for developing economies.”

    These priorities, according to the country’s second-in-command, are reflected in the overall CISCE programme, which closely aligns with areas of potential cooperation between South Africa and China. 

    “We, therefore, invite our Chinese counterparts to support and participate in the key pillars of our G20 agenda by investing in green industrial projects, renewable energy, digital infrastructure, and regional manufacturing initiatives in South Africa and across the African continent.

    “Through such collaboration, we can deepen our strategic partnership and ensure that the outcomes of South Africa’s G20 Presidency reflect the shared aspirations of the Global South,” he said. 

    WATCH | Deputy President in Beijing

    [embedded content]

    The Deputy President said South Africa looks forward to hosting Chinese and other international buyers, importers and distributors in a tailored procurement mission that will be arranged on the margins of the G20 Leaders’ Summit in November 2025. 

    “We urge all stakeholders to seize these opportunities, foster partnerships, share best practices, and collectively shape the future of supply chain management to build a more connected, resilient, and prosperous world.” 

    READ | Rise in e-commerce activity boosts SA’s supply chain sector

    The G20 consists of 19 member countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom, and the United States. It also includes two regional organisations, the European Union (EU) and the African Union (AU).

    The G20 members include the world’s major economies, representing 85% of global gross domestic product (GDP), over 75% of international trade, and about two-thirds of the world population. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Canada: PS Turnbull to Make a Forestry Announcement

    Source: Government of Canada News

    WHITBY — Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and to the Secretary of State (Canada Revenue Agency and Financial Institutions), will make a forestry announcement on behalf of the Honourable Tim Hodgson, Canada’s Minister of Energy and Natural Resources. Media availability will follow. 

    Date: July 17, 2025

    Time: 1 p.m. ET  

    All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

    MIL OSI Canada News –

  • MIL-OSI Asia-Pac: Prison (Amendment) Rules 2025 to be gazetted on Friday

    Source: Hong Kong Government special administrative region

         The Government will publish the Prison (Amendment) Rules 2025 (Amendment Rules) in the Gazette this Friday (July 18), which will take effect immediately on that day.
     
         A spokesperson for the Security Bureau today (July 16) said, “According to the Decision of the National People’s Congress on Establishing and Improving the Legal System and Enforcement Mechanisms for the Hong Kong Special Administrative Region to Safeguard National Security and the Hong Kong National Security Law, the Hong Kong Special Administrative Region has the constitutional responsibility to continue to improve the legal system and enforcement mechanisms for safeguarding national security steadily so as to continue to prevent, suppress and impose punishment for acts and activities endangering national security effectively. The Prison Rules (PR) have been in operation for many years. We need to review whether the PR can meet the needs of safeguarding national security and modern correctional institution management.”
     
         The spokesperson added, “Having reviewed the relevant law enforcement experience in the past in respect of custody of convicted persons in custody (PICs) and prisoners awaiting trial, potential national security risks and security threats that may be faced by correctional institutions in the future, and relevant law and practices in other jurisdictions (including the United Kingdom, the United States, Canada, Australia, New Zealand and Singapore), we propose to improve the extant PR, so as to ensure that we can effectively prevent, suppress and impose punishment for acts and activities endangering national security; continue to strengthen the legal basis for correctional officers in discharging their duties; maintain the security, good order and discipline of prisons; and facilitate the rehabilitation of PICs and protect their lawful rights and interests. We also put forward other amendments to strengthen the enforcement effectiveness of the Correctional Services Department. At the same time, we have reviewed and will amend other provisions with a view to making the PR more up-to-date and meeting the needs for the management of correctional institutions.
     
         “Amidst the present complicated geopolitical situation, national security risks still exist. It is necessary to amend the PR as soon as possible to prevent and resolve relevant risks in a timely manner, the earlier the better, for safeguarding national security effectively.
     
         “The Amendment Rules will be tabled at the Legislative Council (LegCo) for negative vetting on July 23. The Government will proactively facilitate the scrutiny work of the LegCo, with a view to further strengthening the solid defence in safeguarding national security.”

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Most Canadians Prefer Tough Approach in Trade Talks with Trump – Poll

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    OTTAWA, July 16 (Xinhua) — Nearly two-thirds of Canadians want their government to take a tough approach in trade talks with U.S. President Donald Trump, according to a recent poll by the non-profit Angus Reid Institute.

    Sixty-three percent of respondents said Canada should take a hard line rather than a soft line. The researchers note that the data was collected both before and after Trump announced the new 35 percent tariff.

    “For Prime Minister Mark Carney and the Canadian negotiating team, the approach appears to be to keep a low profile rather than to elbow each other. The Canadians appear to want a stronger pushback,” the institute said.

    Polsters defined a hard approach as refusing to make major concessions even at the cost of worsening trade relations with the United States, while a soft approach involves making serious concessions in order to maintain good trade relations with the largest partner.

    Canadians were divided on Mr Carney’s ability to get a deal done, with 46 per cent saying they trusted the prime minister and his negotiating team and 45 per cent expressing doubts.

    Only 11 percent of respondents said that D. Trump would act in good faith and strive for a win-win outcome in the negotiations. More than 84 percent of respondents called the US President an unscrupulous actor. –0–

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

    .

    MIL OSI Russia News –

  • Trump sets 19% tariff on Indonesia goods in latest deal, EU readies retaliation

    Source: Government of India

    Source: Government of India (4)

    President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and more deals were coming, while offering fresh details on planned duties on pharmaceuticals.

    Trump announced the pact with Indonesia, a relatively minor U.S. trading partner, as he continued to press for what he views as better terms with trading partners and ways to shrink a huge U.S. trade deficit. Letters setting tariff rates for dozens of smaller countries were also coming soon, he said on Tuesday.

    The deal with Indonesia is among the handful struck so far by the Trump administration ahead of an August 1 deadline when duties on most U.S. imports are due to rise again. The accord came as the top U.S. trading partner – the European Union – readied retaliatory measures should talks with Washington fail.

    As that deadline approached, negotiations were under way with other nations eager to avoid more U.S. levies beyond a baseline 10% on most goods that has been in place since April.

    Trump’s roll-out of the policies has often been chaotic. His moves have upended decades of negotiated reductions in global trade barriers, unsettling international financial markets and threatening a new wave of inflation.

    Based on Trump tariff announcements through Sunday, Yale Budget Lab estimated the U.S. effective average tariff rates will rise to 20.6% from between 2% and 3% before Trump’s return to the White House in January. Consumption shifts would bring the rate down to 19.7%, but it’s still the highest since 1933.

    Trump outlined an Indonesia deal similar to a preliminary pact struck recently with Vietnam, with a flat tariff on exports to the U.S. roughly double the current 10% and no levies on U.S. exports going there. It also included a penalty rate for so-called transhipments of goods from China via Indonesia and a commitment to buy some U.S. goods.

    “They are going to pay 19% and we are going to pay nothing … we will have full access into Indonesia, and we have a couple of those deals that are going to be announced,” Trump said outside the Oval Office. Trump later said on his Truth Social platform that Indonesia had agreed to buy $15 billion of U.S. energy products, $4.5 billion of American farm products and 50 Boeing BA.N jets, though no time frame was specified.

    He told reporters the deal with Vietnam was “pretty well set” but said it was not necessary to release details.

    TRUMP: INDIA TALKS MOVING SAME WAY

    Indonesia’s total trade with the U.S. – totalling just under $40 billion in 2024 – does not rank in the top 15, but it has been growing. U.S. exports to Indonesia rose 3.7% last year, while imports from there were up 4.8%, leaving the U.S. with a goods trade deficit of nearly $18 billion.

    The top U.S. import categories from Indonesia, according to U.S. Census Bureau data from the International Trade Centre’s TradeMap tool, last year were palm oil, electronics equipment including data routers and switches, footwear, car tires, natural rubber and frozen shrimp.

    Susiwijono Moegiarso, a senior official with Indonesia’s Coordinating Ministry for Economic Affairs, told Reuters in a text message: “We are preparing a joint statement between U.S. and Indonesia that will explain the size of reciprocal tariff for Indonesia including the tariff deal, non-tariff and commercial arrangements. We will inform (the public) soon.”

    Trump had threatened the country with a 32% tariff rate starting August 1 in a letter sent to its president last week. He sent similar letters to about two dozen trading partners this month, including Canada, Japan and Brazil, laying out tariff rates ranging from 20% to 50%, plus a 50% tariff on copper.

    Speaking in Pittsburgh on Tuesday, Trump said he favored blanket tariffs over complicated negotiations, but his Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were keen to land more trade agreements.

    Upon his arrival back in Washington, Trump told reporters that letters would be going out soon for many smaller countries, suggesting they would face a tariff of “a little over 10%.”

    He said his administration would also announce tariffs on pharmaceuticals imported into the United States, probably at the end of the month, starting with what he called a low tariff rate to give companies time to move manufacturing to the U.S. before imposing a “very high tariff” in a year or so.

    The August 1 deadline gives targeted countries time to negotiate about lower tariff rates. Some economists have also noted Trump’s pattern of backing off his tariff threats.

    Since launching his tariff policy, Trump has clinched only a few “framework” agreements, falling short of earlier promises to land “90 deals in 90 days.”

    So far, such deals have been reached with the United Kingdom and Vietnam, and an interim deal has been struck with China to forestall the steepest of Trump’s tariffs while negotiations continue between Washington and Beijing.

    Trump said talks with India were moving “along that same line,” saying the agreement would give U.S. firms access to the large Indian market.

    EU READIES RETALIATION

    The breakthrough with Indonesia came as the European Commission, which oversees trade for the EU, prepared to target 72 billion euros ($84.1 billion) worth of U.S. goods – from Boeing BA.N aircraft and bourbon whiskey to cars – for possible tariffs if trade talks with Washington fail.

    Trump has threatened a 30% tariff on imports from the EU from August 1, a level European officials say is unacceptable and would end normal trade between two of the world’s largest markets.

    The list, sent to EU member states and seen by Reuters on Tuesday, pre-dated Trump’s move over the weekend to ramp up pressure on the 27-nation bloc and responded instead to U.S. duties on cars and car parts and a 10% baseline tariff.

    The package also covers chemicals, medical devices, electrical and precision equipment as well as agriculture and food products – a range of fruits and vegetables, along with wine, beer and spirits – valued at 6.35 billion euros.

    (Reuters)

  • MIL-OSI Asia-Pac: Leading Mainland sports drinks brand uses Hong Kong as regional headquarters to go global (with photos)

    Source: Hong Kong Government special administrative region

    Invest Hong Kong (InvestHK) announced today (July 16) that a renowned Mainland sports drinks brand, Jianlibao, has chosen Hong Kong as its regional headquarters, leveraging the city’s role as an international business hub and a gateway to overseas markets to expand globally.

    Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau welcomed Jianlibao’s decision. He said, “We are happy to see that Jianlibao has established its regional headquarters in Hong Kong. It not only highlights the city’s unique advantages as a global business hub but also reinforces our position as a preferred destination for Mainland enterprises looking to expand internationally. Hong Kong has a sound legal system, world-class infrastructure and a vibrant business environment, which are conducive to Jianlibao’s strategy of expanding its global business.”

    Jianlibao has been actively expanding its business in Hong Kong since its establishment in the city in 2024. The company has recently installed over 50 vending machines across various districts, including Central, Tai Po, and Hung Hom, making its healthy beverages easily accessible to visiting tourists, local families, and transit passengers. The company also supports local sports initiatives by sponsoring local sports team and events.

    The Vice Chairman of Jianlibao Group, Mr Yeung Wan-chung, said the decision to set up its regional headquarters in Hong Kong is a strategic move by the company to expand its global footprint. He said, “We chose Hong Kong as our regional headquarters because of its unparalleled access to international markets and its reputation as a global financial and logistics hub.”

    The Director of Jianlibao Asia, Mr Larry Yeung, explained, “Hong Kong’s strategic location, coupled with its dynamic business environment, provides us with an ideal platform to accelerate our global expansion. We are confident that this move will enable us to reach new markets and strengthen our brand presence worldwide.”

    He added, “We plan to launch a new product series in Hong Kong to increase our exposure in the market. We are now actively preparing to enter the Southeast Asian market, with Indonesia, Malaysia and Vietnam as the first stops, and to expand our business to Australia, Canada and the United States to enhance our market presence.”

    For more information about Jianlibao, please visit www.jianlibao.com.cn.

    For a copy of the photos, please visit: www.flickr.com/photos/investhk/albums/72177720327571249.

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: G20 Finance Ministers and Central Bank Governors meetings

    Source: Australian Parliamentary Secretary to the Minister for Industry

    This week I will join international counterparts for the G20 Finance Ministers and Central Bank Governors meetings in Durban, South Africa.

    There could not be a more important time for G20 nations to work together and for Australia to be part of that collective effort.

    Australia is a big believer in these multinational opportunities and a big beneficiary of global economic cooperation and free and open markets.

    We engage enthusiastically with the world in the interests of Australian workers, industries and our economy.

    Subdued global growth, extreme uncertainty and fragmentation demands more engagement, more collaboration and more resilience and that’s what guides our strategy.

    Together we are navigating a world where volatility, uncertainty and unpredictability are now the norm, not the exception.

    Conflict in the Middle East and Eastern Europe and escalating trade tensions pose substantial threats to the international economic outlook.

    My priorities at these meetings are strengthening ties, bolstering supply chains and capital flows, and making the most of the global net zero opportunity.

    I will also engage with G7+ countries on critical minerals, and meet individually with six of my international counterparts, including:

    • Indonesian Minister of Finance Sri Mulyani Indrawati
    • Japanese Finance Minister Katsunobu Katō
    • Canadian Minister of Finance François‑Philippe Champagne (our first in‑person meeting after a productive phone call last month)
    • United Kingdom Chancellor of the Exchequer Rachel Reeves
    • South African Minister of Finance Enoch Godongwana
    • German Vice‑Chancellor and Minister of Finance Lars Klingbeil (our first meeting)

    The Australian economy is not immune from global uncertainty but we are well‑placed and well‑prepared to face the challenges ahead.

    Inflation has moderated in a substantial and sustained way, unemployment remains near historic lows, real wages are growing again, and we’ve delivered the biggest nominal budget turnaround in our history.

    Last year, Australia was one of only two G20 nations to achieve the trifecta of continuous growth, inflation with a 2 in front of it and unemployment in the low 4s.

    Under Labor, our budget position has gone from the fifth‑weakest to the fifth‑strongest among G20 nations and our debt is now the fifth‑lowest.

    Our international engagement recognises that the global economic environment will be the main factor shaping the choices we make in our second term of government.

    These meetings will provide important perspectives on the global outlook and help us to make further progress at home and with our key international partners.

    MIL OSI News –

  • MIL-OSI Security: MEDIA ADVISORY: Coast Guard to remove the sunken vessel Chaleur

    Source: United States Coast Guard

     

    07/15/2025 07:54 PM EDT

    The Coast Guard will be overseeing the removal and destruction of the vessel Chaleur, a historic 140-foot former Canadian Navy minesweeper that sank in Little Potato Slough, causing an environmental pollution event in a navigable waterway.

    MIL Security OSI –

  • MIL-OSI Security: MEDIA ADVISORY: Coast Guard to remove the sunken vessel Chaleur near Stockton, Calif.

    Source: United States Coast Guard

     

    07/15/2025 07:54 PM EDT

    The Coast Guard will be overseeing the removal and destruction of the vessel Chaleur, a historic 140-foot former Canadian Navy minesweeper that sank in Little Potato Slough, causing an environmental pollution event in a navigable waterway.

    MIL Security OSI –

  • MIL-OSI Canada: Wednesday, July 16, 2025

    Source: Government of Canada – Prime Minister

    Note: All times local

    Hamilton, Ontario

    10:35 a.m. The Prime Minister will tour a steel manufacturing company and meet with workers.

    Note for media:

    • Pooled photo opportunity

    11:30 a.m. The Prime Minister will make an announcement regarding the steel industry. A media availability will follow.

    Notes for media:

    • Open coverage

    • Media wishing to cover the event are asked to contact media@pmo-cpm.gc.ca to confirm their attendance. Details on how to participate will be provided upon registration.

    1:30 p.m. The Prime Minister will attend a community event with local seniors.

    Note for media:

    • Pooled photo opportunity

    MIL OSI Canada News –

  • MIL-OSI Canada: Update 13: Alberta wildfire update (July 15, 3 p.m.)

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI Canada: Saskatchewan Wildfire Update – July 15

    Source: Government of Canada regional news

    Released on July 15, 2025

    As of 11:00 am on Tuesday, July 15, there are 50 active wildfires in Saskatchewan. Of those active fires, four are categorized as contained, 12 are not contained, 18 are ongoing assessment and 16 are listed as protecting values.

    Forty firefighters from Australia have arrived to assist with the wildfire efforts and another forty will be joining from Mexico later this week. This is in addition to the assistance that arrived last week from Quebec through two CL-415 aircraft and 100 wildfire personnel.

    “Saskatchewan is grateful to everyone who has helped with the unprecedented wildfire season,” SPSA Vice-President of Operations Steve Roberts said. “Thank you to everyone local and abroad for the immense support in the air and on the ground.”

    Over the past several months our province has received aircraft support from Quebec, British Columbia and Alaska, as well as wildland firefighters and personnel from Nova Scotia, Northwest Territories, Prince Edward Island, Alberta, Quebec, British Columbia, Yukon, Oregon, Alaska, Arizona, Colorado, Washington, South Dakota and the United States Forest Service.

    Nine communities are currently under an evacuation order: Resort Subdivision of Lac La Plonge, La Plonge Reserve, Northern Village of Beauval, Jans Bay, Patuanak/English River First Nation as well as priority individuals from Montreal Lake Cree Nation, Northern Village of Pinehouse, Northern Village of Île-à-la-Crosse and Canoe Lake Cree First Nation/Cole Bay/Canoe Narrows. 

    Any evacuees should register through the Sask Evac Web Application and then call 1-855-559-5502 between 8 a.m. and 5 p.m. to have their needs assessed and for additional assistance. Individuals who need help registering through the application can call the 855 Line for assistance. 

    Evacuees supported by the Canadian Red Cross should call 1-800-863-6582.

    As a reminder, there is a fire ban in place in the area north of the provincial forest boundary, up to the Churchill River. The fire ban prohibits any open fires, controlled burns and fireworks in the designated boundary. This includes provincial parks, provincial recreation sites and the Northern Saskatchewan Administration District within the boundary.

    A full list of evacuated communities can be found on the Active Evacuations webpage.

    The latest wildfire information, an interactive fire ban map, frequently asked questions, fire risk maps and fire prevention tips can be found at saskpublicsafety.ca.

    Review the current fire bans and restrictions in provincial parks and recreation sites.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: Maritime Museum volunteers launch stories of Aberdeen-built ships

    Source: Scotland – City of Aberdeen

    To coincide with the Festival of the Sea (12-27 July) Aberdeen Maritime Museum volunteers have recorded a selection of stories relating to ships built in Aberdeen and the city’s maritime history. Visitors can listen to the stories on the Bloomberg Connects free digital guide to the Museum. 

    Donald Alexander, Colin Heling, Richard Leavett and Finlay McKichan regularly volunteer their time with the Aberdeen-built Ships project. This database holds records of the 3,000 ships built in Aberdeen at the shipyards of Alexander Hall & Co, John Lewis and Sons, Hall, Russel & Co, and Walter Hood & Co. Many of the Aberdeen-built Ships volunteers have worked in the city’s maritime industries and they all share a passion for maritime history. This direct knowledge and experience benefits the understanding of the collection of objects, plans, films and photographs cared for by Aberdeen Archives, Gallery and Museums.  

    On the Bloomberg Connects digital guide, the volunteers highlight a number of objects and themes around the Museum, including

    • Objects relating to the clipper ship Thermopylae, built in Aberdeen in 1868 by Walter Hood & Co. This was the age of the ‘Tea Races’ when fast clipper ships raced to be the first back to Britain with a cargo of tea. The Cutty Sark was one of Thermopylae’s rivals. Twice they raced each other from China. On both occasions Thermopylae reached the British ports first.
       
    • The propellor and a model of the Arctic steam yacht Fox. The  Fox was built for the landowner Sir Richard Sutton of Nottinghamshire (1798 – 1855). After Sutton’s death the vessel was bought in 1857 by subscription at Aberdeen by Lady Jane Franklin in order to mount an expedition to discover the fate of her husband, Sir John Franklin and his expedition team, who had gone missing in the north of Canada.         
       
    • The bell cast for the RMS St Helena, the last ship to be built at the Hall, Russel yard.

    The Aberdeen-built ships database contains extensive information about the vessels including technical details, stories discovered from original sources, data from the Lloyd’s Register of Shipping, newspaper accounts and information passed to the volunteers by relatives and researchers. It also contains information about some vessels which, although not built in the city, were associated with it through ownership, operation, or reconstruction.

    Finlay McKichan, Aberdeen-built Ships volunteer, said, “Volunteering for the Aberdeen-built Ships Project gives me the opportunity to follow up on my interest in shipping with research which, through the website, may be read by enthusiasts and genealogists across the world.”

    Councillor Martin Greig, Aberdeen City Council’s culture spokesman, said, “The Aberdeen-built Ships database is a remarkable record of Aberdeen’s rich maritime heritage which has been added to over the past 25 years thanks to the dedication of volunteers. We are incredibly grateful for all the knowledge and expertise the volunteers bring to the understanding of the collection. We look forward to sharing their insights with visitors on the Bloomberg Connects digital guide.”

    Explore the Aberdeen-built Ships database at
    Aberdeen-built Ships | Aberdeen City Council

    The free Bloomberg Connects art and culture app can be downloaded at bloombergconnects.org

    The Maritime Museum will be open until 8pm on Saturday 19, Sunday 20 and Monday 21 July during the Tall Ships Races Aberdeen. Admission is free and donations are welcome. For visiting information go to www.aagm.co.uk

    Festival of the Sea 12 – 27 July
    From sports camps to singing and storytelling, theatre and dancing to sea dragons and coastal discovery tours, and from exhibitions and creative writing to watercolour workshops, there’s something for all ages to discover and enjoy during the Festival of the Sea. For details of what’s on go to https://www.aberdeencity.gov.uk/services/leisure-culture-and-parks/major-events-aberdeen/festival-sea-2025

    MIL OSI United Kingdom –

  • MIL-OSI: Peyto Exploration & Development Corp. Confirms Monthly Dividend for August 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 15, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to July 2025 of $0.11 per common share is to be paid on August 15, 2025, for shareholders of record on July 31, 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 –

  • MIL-OSI: Freehold Royalties Declares Dividend for July 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 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 August 15, 2025 to shareholders of record on July 31, 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 –

  • MIL-OSI: Orrstown Financial Services, Inc. Announces Date of Second Quarter 2025 Earnings Release, Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) — Orrstown Financial Services, Inc. (NASDAQ: ORRF), the holding company of Orrstown Bank, announced today that it will report second quarter 2025 earnings at the close of business on Tuesday, July 22, 2025. Management will host a conference call and webcast to review the Company’s quarterly results on Wednesday, July 23, 2025, at 9:00 am ET. The conference call and webcast details are below:

    Earnings Release: Tuesday, July 22, 2025, After Market Close

    Conference Call and Webcast: Wednesday, July 23, 2025, 9:00 am ET

    Webcast:

    Interested parties may listen to the call and view a copy of the Company’s earnings presentation by joining via webcast at:

    https://events.q4inc.com/attendee/935555390

    Telephone:

    To listen to the call without access to the slides, interested parties may participate by telephone by dialing:

    USA / International Toll: +1 (646) 307-1963
    USA – Toll-Free: (800) 715-9871
    Canada – Toronto: (647) 932-3411
    Canada – Toll-Free: (800) 715-9871
    Conference ID: 5555102 

    Recorded Playback:

    An audio recording of the conference call will be available by telephone until July 30, 2025 by dialing one of the numbers listed below:

    US & Canada Toll-Free: (800) 770-2030
    US Toll: (609) 800-9909
    Canada Toll: (647) 362-9199
    Playback ID: 5555102#

    The audio recording of the conference call will also be available in the Investor Relations section of the Company’s website at investors.orrstown.com.

    About Orrstown

    With $5.4 billion in assets, Orrstown Financial Services, Inc. (the “Company”) and its wholly owned subsidiary, Orrstown Bank, provide a wide range of consumer and business financial services in Adams, Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York Counties, Pennsylvania and Anne Arundel, Baltimore, Howard, and Washington Counties, Maryland, as well as Baltimore City, Maryland. The Company’s lending area also includes counties in Pennsylvania, Maryland, Delaware, Virginia and West Virginia within a 75-mile radius of the Company’s executive and administrative offices as well as the District of Columbia. Orrstown Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the FDIC. Orrstown Financial Services, Inc.’s common stock is traded on the NASDAQ Global Select Market under the symbol “ORRF.”   For more information about Orrstown Financial Services, Inc. and Orrstown Bank, visit www.orrstown.com.

    For additional information, please contact:

    Neil Kalani
    EVP, Chief Financial Officer
    717-510-7097
    nkalani@orrstown.com

    The MIL Network –

  • MIL-OSI USA: SPC Jul 15, 2025 1930 UTC Day 3 Severe Thunderstorm Outlook

    Source: US National Oceanic and Atmospheric Administration

     For best viewing experience, please enable browser JavaScript support.

    Jul 15, 2025 1930 UTC Day 3 Severe Thunderstorm Outlook

    Updated: Tue Jul 15 19:24:10 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 151924

    Day 3 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0224 PM CDT Tue Jul 15 2025

    Valid 171200Z – 181200Z

    …THERE IS A MARGINAL RISK OF SEVERE THUNDERSTORMS FROM THE OHIO
    VALLEY TO THE NORTHEAST STATES…

    …SUMMARY…
    Isolated damaging gusts are possible over parts of the Northeast
    Thursday.

    …Northeast and upper OH Valley…
    Shortwave troughing over the eastern Great Lakes will gradually
    merge with broader cyclonic flow over the Northeast and eastern
    Canada Thursday. A surface low will steadily deepen as it shifts
    eastward with the upper trough. A cold front trailing the low will
    serve as a focus for thunderstorm development through the afternoon
    from the OH valley to the Mid Atlantic and Northeast. Moderate
    buoyancy and strengthening flow aloft will overlap and could support
    scattered thunderstorms capable of damaging gusts ahead of the
    front. A large disparity exists among forecast guidance with regards
    to the position of the cold front, strength of the surface low and
    any potential MCVs from prior day’s convection. While confidence in
    the overall evolution is somewhat low, the broader environment still
    appears favorable enough to support some severe risk.

    …Mid MS Valley and southern Plains…
    Scattered storms are expected along the cold front as it moves
    southward across the Mid South and the Southern Plains. Stronger
    vertical shear should largely lag behind the front especially with
    southward extent. A few stronger storm clusters are possible along
    the front where large buoyancy could support sporadic damaging
    gusts. However, confidence in the frontal timing and convective
    evolution is very low, precluding the addition of severe
    probabilities for now.

    ..Lyons.. 07/15/2025

    CLICK TO GET WUUS03 PTSDY3 PRODUCT

    NOTE: THE NEXT DAY 3 OUTLOOK IS SCHEDULED BY 0730Z

    Top/Latest Day 1 Outlook/Today’s Outlooks/Forecast Products/Home

    MIL OSI USA News –

  • MIL-OSI Canada: Calgary police officer charged with two counts of second-degree murder

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-Evening Report: Australia’s census is getting a stress test – keeping it going is good for everyone

    Source: The Conversation (Au and NZ) – By Liz Allen, Demographer, POLIS Centre for Social Policy Research, Australian National University

    GoldPanter/Shutterstock

    The Australian Bureau of Statistics will roll out a large-scale census test next month.

    About 60,000 households will take part across the country to stress test the bureau’s collection processes and IT systems, ahead of next year’s full scale census. The survey questions change little, if at all, between the dry run and the census proper.

    The population count will offer Australians an opportunity to reflect on who we are and the stories we share.

    It comes at a time when traditional censuses are coming under threat worldwide.

    Dying days of census

    Census plays a significant part of the story of humanity. Jesus was born in a stable because a census ordered by Caesar Augusta had brought Joseph and Mary to Bethlehem.

    They have changed down the centuries. But some things remain the same: the data collected is crucial for taxation, political representation and socio-economic indicators.

    But national head counts are costly and cause enormous headaches for governments.

    Vintage census television ad.

    In other countries, censuses are being killed off, replaced with information compiled by other means, such as administrative government data and population surveys. Think of the overseas versions of Medicare, Centrelink and the Tax Office.

    National statistical offices in the United Kingdom and New Zealand have both flagged the end of traditional censuses

    The UK Office of National Statistics had been preparing for census replacement since 2011, only backtracking after a public backlash.

    Devastating under-enumeration of Maori New Zealanders in 2013 and 2018 meant administrative data was needed to supplement the 2023 NZ census. National data agency, Stats NZ, has now called it quits on traditional census altogether.

    Funding cuts in Canada saw dual short- and long-form questionnaires which resulted in the partial collection of crucial socio-economic data akin to a sample survey. Statistics Canada now uses administrative and survey data to help meet its official statistics program.

    Do we still need the census?

    Replacing the census was floated a decade ago when dwindling government funding saw the Australian Bureau of Statistics struggling to “keep the lights on”.

    Worried after 2016’s “censusfail”, the agency sought to ensure legislatively required data could be achieved even in the absence of a census. The bureau collected population and housing data using experimental administrative data, proving a national census isn’t necessarily needed for population estimates.

    Costs associated with running a five-yearly head count and the decline in the social licence to collect such data are routinely used as justifications for replacing the census. Why conduct a wartime-like undertaking when you don’t have to?

    The threat to the traditional census comes as no surprise to data scientists. Data is now ubiquitous, covering nearly every aspect of our lives – loyalty rewards, public transport cards and even frequent flyer points.

    But there’s so much heavy lifting only a census can do and it’s crucial to helping Australia understand its diverse population.

    More than just numbers

    Data helps contextualise our lives.

    Data made me feel less alone as a young person. I could see I wasn’t the only person doing it tough. Poverty wasn’t my fault, rather a wider structural problem politicians and policymakers failed to understand.

    Being missed by the 1996 census as a homeless teen drives me to ensure Australia’s national census snapshot reflects the needs of the country.

    Data holds powerful truths and has the capability to heal through information. Who we are, how and where we live, our commonalities and differences, and what might come next.

    The Australian Bureau of Statistics is finding increasingly creative ways to communicate and bring Australians along for the ride.

    Its outreach through social media makes data more accessible and fun.

    The paraphernalia promoting previous censuses make it clear how much the agency is invested in ensuring complete coverage of all people. A significant departure from the stuffy practices of national statistical offices overseas.

    Small solar powered census-at-school calculators have been given to pupils to help increase awareness among linguistically diverse communities. This is recognition children complete the census questionnaire in some families.

    Desks of cards gifted to homeless people sleeping rough attests to the bureau’s dedication to ensuring all people are counted, no matter where or how they live

    Behind The News’s take on the census.

    More inclusive family photograph

    But it hasn’t always been plain sailing for the Australian Bureau of Statistics.

    Last year’s unprecedented government interference in the independent conduct of the bureau resulted in proposed questions on sexuality and gender diversity being dumped from the 2026 census.

    Scheduled testing was cancelled and related printed materials were likely pulped.

    A public outcry forced a government back down with the sorry saga clearly demonstrating a myriad of critical data cannot be collected by other means.

    The upcoming census family photograph will be more inclusive – Australians will have the opportunity to have their gender identity and sexual orientation reflected in the tally.

    Family ancestry information will be broadened, and the questionnaire itself will better reflect Australian households overall.

    The alternative to a census is a private, behind-closed-doors collation of personal information by government.

    The good news is Australia’s census is alive and well and keeping up with the times.

    Liz Allen worked as a graduate at the Australian Bureau of Statistics in 2006. She receives funding from the Australian Research Council for work examining grandparenting in Australia. Liz is a member of the National Foundation of Australian Women Social Policy Committee.

    – ref. Australia’s census is getting a stress test – keeping it going is good for everyone – https://theconversation.com/australias-census-is-getting-a-stress-test-keeping-it-going-is-good-for-everyone-261077

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Security: OmegaPro Founder and Promoter Charged for Running Global $650 Million Foreign Exchange and Crypto Investment Scam

    Source: US FBI

    An indictment was unsealed today in the District of Puerto Rico charging two men for their alleged roles in operating and promoting OmegaPro, an international investment scheme that defrauded victim investors of over $650 million.

    According to court documents, Michael Shannon Sims, 48, of Georgia and Florida, was a founder, strategic consultant, and promoter of OmegaPro, and Juan Carlos Reynoso, 57, of New Jersey and Florida, led OmegaPro’s operations in Latin America and parts of the United States, including Puerto Rico.

    “As alleged, the defendants preyed upon vulnerable individuals in the U.S. and abroad, defrauding them of over $650 million by making false promises of substantial returns and that their money was safe,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The Criminal Division is committed to prosecuting these bad actors and pursuing justice for their many victims. Thanks to the dedicated work of our multiagency and international law enforcement partners, we are leading efforts to combat these complex and insidious digital asset investor scams.” 

    “As alleged in the indictment, the defendants operated a global fraud scheme through OmegaPro that deceived investors with false promises of extraordinary returns, only to misappropriate hundreds of millions of victim funds,” said U.S. Attorney W. Stephen Muldrow for the District of Puerto Rico. “We remain committed to dismantling international financial schemes that target U.S. victims — including here in Puerto Rico — and to recovering illicit proceeds through criminal prosecution and asset forfeiture.”

    “The FBI will not stand by while the American public is defrauded,” said Assistant Director Joe Perez of the FBI Criminal Investigative Division. “Through coordination with our partners, these individuals will have to defend their actions in a court of law.”

    “This case exposes the ruthless reality of modern financial crime,” said Chief Guy Ficco of the IRS Criminal Investigation (IRS-CI). “OmegaPro promised financial freedom but delivered financial ruin – stealing over $650 million from everyday people and vanishing it into virtual currency. These weren’t just scams; they were precision-engineered betrayals. Our job is to stand up for those who’ve been exploited and continue our cross-agency collaboration until those responsible are brought to justice.”

    “This case highlights the critical role international partnerships play in dismantling transnational financial fraud schemes that exploit global markets and victimize unsuspecting investors,” said International Operations Assistant Director Ricardo Mayoral of U.S. Immigration and Customs Enforcement Homeland Security Investigations (HSI). “HSI remains committed to working with our partners worldwide to disrupt criminal networks that weaponize emerging technologies to conceal illicit profits and defraud the public.”

    Sims and co-conspirators established OmegaPro in or about January 2019, and Reynoso joined a few months later, in or about April 2019. As alleged, the defendants and others operated and promoted OmegaPro as a multi-level marketing (MLM) scheme for investors to purchase “investment packages,” which the defendants and others falsely promised would generate 300% returns over 16 months through foreign exchange (forex) trading by elite traders. Investors were instructed to purchase these investment packages using virtual currency.

    According to court documents, Sims allegedly misled victims by vouching for OmegaPro’s trading performance and the skills of the hired traders and by falsely advertising the safety of investment in OmegaPro. Reynoso allegedly falsely and misleadingly represented that OmegaPro was operating pursuant to a legitimate license and, at other times, that OmegaPro was not subject to any country’s legal rules. The indictment alleges that Sims and Reynoso, together with co-conspirators, hosted lavish OmegaPro promotional events and trainings all over the world including, for example, projecting the OmegaPro logo onto the Burj Khalifa, the world’s tallest building, at an event in Dubai. The objective of these promotional events allegedly was to convince existing and prospective investors that OmegaPro was a legitimate enterprise that offered a path to wealth and a luxurious lifestyle.

    Further, Sims, Reynoso, and their co-conspirators used social media to display their expensive vacations and cars, as well as their designer clothes and watches. The indictment alleges that through the defendants’ and others’ misrepresentations, OmegaPro raised over $650 million in virtual currency from thousands of investors. After OmegaPro announced that it had suffered a network hack, Reynoso and others told victims in or about January 2023 that their investments were secure and that OmegaPro was transferring their investments to another platform called Broker Group. Despite these representations, victims were unable to withdraw money from either their OmegaPro accounts or their accounts at Broker Group, resulting in millions in victim losses.

    The more than $650 million in funds raised from victims allegedly was first sent to virtual currency wallet addresses controlled by OmegaPro executives and then allegedly transferred to OmegaPro insiders and high-ranking promoters to disperse the funds and obscure their origins. As alleged, Sims and Reynoso both profited millions from this scheme.

    Both defendants are charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering. If convicted, Sims and Reynoso each face a maximum penalty of 20 years in prison on each count.

    The FBI, IRS-CI, and HSI New York are investigating the case, with assistance from FBI’s Virtual Asset Unit, HSI Bangkok, HSI Bogota, HSI Frankfurt, HSI Istanbul, HSI London, HSI Miami, HSI New Delhi, HSI The Hague, the Office of the Attorney General of Colombia, and the Joint Chiefs of Global Tax Enforcement (J5), an alliance between the Australian Taxation Office, the Canada Revenue Agency, the Dutch Fiscal Intelligence and Investigation Service, His Majesty’s Revenue and Customs from the U.K., and IRS-CI.

    Trial Attorneys Ariel Glasner and Tamara Livshiz of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Jonathan Gottfried for the District of Puerto Rico and on detail to the Computer Crime and Intellectual Property Section are prosecuting the case.

    If you believe you were potentially victimized by OmegaPro or have information relevant to this investigation, please visit the FBI’s Victim Witness website at forms.fbi.gov/victims/omegaprovictims or contact OmegaProVictims@fbi.gov.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Canada: Statement from Secretary of State Anna Gainey on World Youth Skills Day 2025

    Source: Government of Canada News

    July 15, 2025                Gatineau, Quebec                Employment and Social Development Canada

    Secretary of State (Children and Youth), Anna Gainey, today issued the following statement to highlight World Youth Skills Day 2025:

    ‘’Today, we mark United Nation’s World Youth Skills Day.  Young Canadians grew up with technology and are helping redefine what it means to work with digital tools. Further developing digital skills and encouraging youth to learn skilled trades are key to building the workforce of tomorrow.

    Our initiatives help young people tackle the important challenges and shifts that technologies are bringing to an increasingly digitally focused labour market.

    Through the Student Work Placement Program (SWPP), post-secondary students receive hands-on work experience in their field of study. For example, projects supported by the Information and Communications Technology Council and Technation provide students with opportunities in tech-immersive roles such as cybersecurity, AI, health tech, digital technologies, agri-tech and more. Canada Summer Jobs provides youth between the ages of 15 and 30 years old with a range of job opportunities, including in digital fields.

    Your new government recognizes the importance of the development of high-demand skills such as digital skills and skilled trades. We will continue to invest in Canadians to build the strongest economy in the G7 and help Canada’s youth gain the skills they need to get good jobs. Join me in wishing all a happy World Youth Skills Day!’’

    Associated links

    World Youth Skills Day.
    Find student work placements in STEM or business – Canada.ca
    Canada Summer Jobs – What this program offers – Canada.ca
    Job Bank

    MIL OSI Canada News –

  • MIL-OSI: LQWD Announces ATM Program to Support Ongoing Growth Initiatives

    Source: GlobeNewswire (MIL-OSI)

    THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) — LQWD Technologies Corp. (TSXV:LQWD) (OTCQX: LQWDF) (“LQWD” or the “Company”) a Canadian-based Bitcoin-backed company and provider of enterprise-grade infrastructure for the Bitcoin Lightning Network,  is pleased to announce the launch of an at-the-market equity program (the “ATM Program”) that allows the Company to issue up to $10,000,000 of common shares in the capital of the Company (the “Common Shares”) from treasury to the public from time to time, at the Company’s discretion.

    The ATM Program strengthens LQWD’s ability to execute strategically and supports its strategy to rapidly accumulate Bitcoin as a core asset, which the Company uses to fuel and expand its global Lightning Network infrastructure. Bitcoin plays a vital role in LQWD’s strategy, powering the Lightning Network and acting as a key long-term asset in the Company’s treasury.

    Distributions of the Common Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement (the “Equity Distribution Agreement”) dated July 15, 2025 between the Company and Haywood Securities Inc. (the “Agent”).

    “We continue to make strong progress, and with our recent financing now complete and the ATM in place, we’re well-positioned to accelerate our next phase of growth,” said Shone Anstey, CEO of LQWD Technologies.  “Our vision is to lead in the Lightning Network ecosystem, with Bitcoin holdings remaining a core pillar of that strategy.”

    Pursuant to the Equity Distribution Agreement, upon delivery of a placement notice by the Company, if any, the Agent may sell the Common Shares in Canada only, including, without limitation, sales made directly on the TSX Venture Exchange (“TSXV”) or any other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded in Canada. No Common Shares will be offered or sold in the United States.

    The volume and timing of distributions under the ATM Program, if any, will be determined in the Company’s sole discretion. The ATM Program will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program and December 31, 2025, unless terminated prior to such date by the Company or the Agent. As Common Shares sold in the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the distribution. The Company expects to use the net proceeds from the ATM Program for the continued development and growth of Company and its businesses, including future acquisitions, research and development, and marketing initiatives. Until applied, some or all of the net proceeds of the ATM Program, if any, may be held as cash balances in the Company’s bank account or invested at the discretion of the Company.

    The offering under the ATM Program will be made pursuant to a prospectus supplement dated July 15, 2025 (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus for the province of Québec and the amended and restated short form base shelf prospectus amending and restating the final short form base shelf prospectus dated April 11, 2024, for each of the provinces and territories of Canada, except Québec dated June 30, 2025 (the “Base Shelf Prospectus”).

    Completion of the distribution under the Prospectus Supplement in its entirety will constitute a material fact and a material change for the Company in accordance with applicable securities legislation.

    The Prospectus Supplement, the Base Shelf Prospectus, and the Equity Distribution Agreement can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at https://lqwdtech.com/.

    Alternatively, the Agent will send copies of the Prospectus Supplement, the Base Shelf Prospectus and Equity Distribution Agreement, as applicable, upon request by email at ecm@haywood.com.

    No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About LQWD

    LQWD Technologies Corp. is advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity.

    With a strategic Bitcoin treasury and infrastructure positioned for scalability, LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution.

    For further information:

    Ashley Garnot, President/Director
    Phone: 1.604.669.0912
    Email: ashley@lqwdtech.com
    Website: www.lqwdtech.com
    X: @LQWDTech

    Forward-Looking Statements

    This news release contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the ATM Program, including the completion and anticipated timing for completion of the ATM Program, the potential size of the ATM Program, the Company’s intended use of the net proceeds of the ATM Program, the receipt of all necessary regulatory approvals, including the approvals of the TSXV, and the Company’s development and growth plans. Any such forward-looking information may be identified by words such as “anticipate”, “proposed”, “estimates”, “would”, “expects”, “intends”, “plans”, “may”, “will”, and similar expressions. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.

    Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

    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 –

  • MIL-OSI: MOBIA named an Eaton Partner Awards Winner

    Source: GlobeNewswire (MIL-OSI)

    DARTMOUTH, Nova Scotia, July 15, 2025 (GLOBE NEWSWIRE) — MOBIA Technology Innovations, a leading Canadian business transformation partner, proudly announced that it has been named an Eaton Partner Awards Winner for 2024. MOBIA’s commitment to delivering unequalled value to its customers with innovative technology solutions that enable successful business transformation solidified the company’s place among Eaton’s top partners in Canada.

    Supporting customers across telecommunications, financial services, retail, utilities, healthcare, and many other industries, MOBIA executes technology transformations that reimagine the way medium to large enterprises operate in today’s ever-changing markets. Over the years, the company has collaborated with Eaton on many of these initiatives, confident that Eaton’s innovative technology offers the most reliable and secure power solutions for data centers and other critical enterprise infrastructure. “Working with Eaton to tailor solutions that power infrastructure and hardware for our customers has allowed us to deliver unmatched performance and peace of mind,” said Chris Peerless, Vice President at MOBIA. “As we continue to work together on these initiatives, we look forward to growing and strengthening our partnership.”

    The Eaton Partner Awards recognizes channel partners who have shown strong growth and commitment to superior customer service over the last year. “MOBIA consistently embodied Eaton partner values throughout 2024, delivering outstanding service and solutions to customers,” said Jodi Bonham, IT Channel Manager at Eaton. “We are excited to see what the future of our growing partnership holds and look forward to continuing to do great work together in 2025 and beyond.”

    As the partnership between MOBIA and Eaton continues to evolve, MOBIA customers will benefit from more of Eaton’s innovation, including:

    • Cybersecurity – First to market with a cyber secure network card, Eaton continues to expand its cybersecurity capabilities with the new Network-M3 card.
    • Brightlayer Data Center Suite – Offering a portfolio of digital solutions that enable enterprise customers to manage an increasingly complex ecosystem of IT and operational technology assets, Brightlayer seamlessly integrates with Eaton’s secure hardware.
    • Power management for AI – As more customers embrace and adopt AI, their power requirements will change. Eaton’s scalable and secure power management and connectivity solutions are the perfect fit for new AI deployments.

    To learn more about MOBIA contact LJ Hambly at laura.hambly@mobia.io.

    ABOUT MOBIA
    MOBIA is a leading expert in business transformation and innovative enterprise technology systems. With hundreds of customers across North America, MOBIA partners with organizations of all sizes, across all verticals to transform the way they work. Focused on people, processes, technology, and culture, MOBIA helps businesses reach their full potential. MOBIA is proud to be recognized as one of Canada’s Best Managed Companies and Canada’s Top Growing Companies. To learn more, visit Mobia.io

    ABOUT EATON
    Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
    Founded in 1911, Eaton is marking its 100th anniversary of being listed on the New York Stock Exchange. We reported revenues of $20.8 billion in 2022 and serve customers in more than 170 countries.

    For more information, visit www.eaton.com Follow us on https://www.linkedin.com/company/eaton

    The MIL Network –

  • MIL-OSI Africa: The Women’s National Basketball Association (WNBA), the National Basketball Association (NBA) and the International Basketball Federation (FIBA) to host Third Basketball Without Borders Women’s Camp at AT&T WNBA All-Star 2025 in Indianapolis

    Source: APO – Report:

    The Women’s National Basketball Association (WNBA), the National Basketball Association (NBA) (www.NBA.com) and the International Basketball Federation (FIBA) today announced the 40 top high-school-age female prospects from outside the U.S. who will travel to Indianapolis, Ind., for the third Basketball Without Borders (BWB) Global women’s camp, which will be held Thursday, July 17 – Saturday, July 19 at Nicoson Hall on the University of Indianapolis campus as part of AT&T WNBA All-Star 2025.

    The campers will be coached by several current and former WNBA and FIBA players and coaches, including 2025 No. 6 overall pick Georgia Amoore (Washington Mystics; Australia), 1999 WNBA All-Star and two-time NCAA champion Tonya Edwards (U.S.), two-time NCAA champion Kelly Faris (U.S.) and two-time Mid-Eastern Athletic Conference Player of the Year Andrea Gardner-Williams.  2004 WNBA All-Star and current Vice President of Team Operations & Organizational Growth for the Boston Celtics Allison Feaster will serve as the camp director.

    The players and coaches will lead the campers through a variety of activities, including movement efficiency drills, offensive and defensive skill stations, three-point contests, 5-on-5 games, and life-skills and leadership development sessions.  The camp will once again be open to WNBA scouts and NCAA coaches following last year’s event where 34 of the campers received NCAA Division I scholarship offers.  The campers will also attend the 2025 AT&T WNBA All-Star Game at Gainbridge Fieldhouse on July 19.  

    The event will be supported by Nike, a global partner of BWB since 2002, which will outfit participants with Nike apparel and footwear.

    BWB, the NBA and FIBA’s global basketball development and community outreach program, has reached more than 4,600 participants from 144 countries and territories since 2001, with 142 former campers drafted into the NBA and WNBA or signed as free agents.  Fifteen former BWB campers have advanced to the WNBA, including Ezi Magbegor (Seattle Storm; Australia; BWB Asia 2016), Jade Melbourne (Mystics; Australia; BWB Global 2020), Aaliyah Edwards (Mystics; Canada; BWB Global 2019), Domonique Malonga (Storm; BWB Europe 2022), Nika Muhl (Storm; Croatia; BWB Europe 2018; BWB Global 2019) and Kamilla Cardoso (Chicago Sky; Brazil; BWB Global 2019).  The NBA and FIBA have held 80 BWB camps in 53 cities across 33 countries on six continents.

    Follow the camp using the hashtag #BWBGlobal on Facebook, Instagram and X.  Find out more about BWB at BasketballWithoutBorders.com (https://BWB.NBA.com/), on YouTube (Basketball Without Borders: https://apo-opa.co/46csTll) and on Instagram (@ basketballwithoutborders: https://apo-opa.co/44O1jZs).

    The following is a complete list of players participating in the third BWB Global women’s camp at WNBA All-Star (roster subject to change):

    Name
    Sanja Aksam
    Maria Madalena Martinho Amaro
    Karina Capellán
    Emma D’este
    Fatou Kine Diop
    Misheel Elbegbayar
    Haya El-Halawany
    Rica Enriquez-Paea
    Melissa Guillet
    Amanda Guineo
    Janelle Gyampo
    Ayla Habbal
    Wiktoria Haegenbarth
    Keriana Hippolite
    Hyeonjeong Hwang
    Serena Ishiwatari
    Ya Ida Juwara Skold
    Anna Liepina
    Yu Han Lin
    Eiza Louveton
    Erika Mace
    Kartika Mahanani
    Sarah Aaliyah Mellouk
    Valeria Montero Piña
    Lucy Nchamba
    Nicole Ogun
    Chen Chia Shan Pan
    Maria Perez
    Jasmine Perry
    Maewenn Poilve
    Mika Sakaguchi
    Sena Sert
    Binta Seye
    Manon Simplot
    Maxine Maria Sutisna
    Tiia Talonen
    Nicole Torresani
    Tjasa Turnsek
    Maja Uranker
    Lea Vukic

    – on behalf of National Basketball Association (NBA).

    Contact:
    Kevin Alonzo
    NBA
    kalonzo@NBA.com
    (212) 407-8158

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Canada: Province advances systemic changes to integrate social services, prevent crises

    Source: Government of Canada regional news

    On the one-year anniversary of the release of the representative for children and youth’s (RCY) Don’t Look Away report, the Province is providing an update on its co-ordinated cross-government work across several ministries to better integrate social services and move to a more prevention-based model of support for children and youth.

    The report called for systemic transformation across government to better support vulnerable children and families in B.C. by detailing the devastating story of a child’s abuse and death. In response, the Province made eight key commitments and launched a cross-government deputy-minister project board to ensure a co-ordinated response to improving child and youth well-being in B.C. As part of this work, government is collaborating with Indigenous people and all partners to develop a child and youth well-being action plan and outcomes framework.

    This plan will serve as the cornerstone of the Province’s strategy to better aligning services across government, setting standards for child and youth well-being, preventing crises by prioritizing the most vulnerable and measuring the effectiveness of government programs in meeting core needs.

    “Tomorrow marks the one-year anniversary of Don’t Look Away, and we continue to hold the sacred stories of Colby and the other children in this report in our hearts and minds,” said Jodie Wickens, Minister of Children and Family Development. “Every child in our province deserves safety, belonging and love, and we must do better. We are working with all our partners toward a renewed model of child well-being that focuses on prevention, care and supporting families before they find themselves in crisis.”

    While the plan and framework are being developed, the Province has made improvements to the way it serves children, youth and families. The Ministry of Children and Family Development has added tools for oversight and tracking that make sure child or youth visits occur at least once every 90 days and has increased its workforce by almost 20% in the last two years. The ministry is also improving resources for kinship care providers and providing updated information about supports available.

    B.C. is leading the country with First Nations as they reclaim jurisdiction over their children, youth and families. With a unique context of 204 First Nations, the Province has already signed 12 agreements with Nations that have determined their paths forward, with dozens more to come. A major step forward on the path of lasting reconciliation, this work will improve outcomes for children and youth and reduce the over-representation of Indigenous children and youth in care, and the Province is committed to consulting with Indigenous partners on its child and youth well-being action plan.

    “We hear these calls to action and are committed to continue advancing self-determination so that Indigenous children in B.C. are not only safe, supported and loved, but remain connected to their communities, families, culture and language,” said Christine Boyle, Minister of Indigenous Relations and Reconciliation.  

    Across government, several initiatives are underway to support the objectives of the plan, create strong foundations for families, and protect and uplift the most vulnerable. The stories in Don’t Look Away show that early supports are critical, and that is why government has taken action to provide more early intervention and mental-health and addiction programs for young people. 

    “Young people in British Columbia need access to age-appropriate mental-health and substance-use services that meet their unique needs,” said Josie Osborne, Minister of Health. “That’s why we’re focused on expanding prevention and early-intervention services, like Foundry Centres and Integrated Child and Youth Teams, to communities across the province. These services are vital to help young people get back on their feet, while our government continues to build a full continuum of mental-health and addictions care for everyone.”

    As recommended by the RCY, the Ministry of Social Development and Poverty Reduction has introduced an exemption to lift up people with disabilities and their families and to help reduce financial hardship for people with disabilities. That exemption ensures individuals and families receiving income, disability or hardship assistance can keep the full amount of the new federal Canada Disability Benefit without any reduction to their provincial benefits.

    “We want people with disabilities and their families to have access to the supports they need,” said Sheila Malcolmson, Minister of Social Development and Poverty Reduction. “That’s why this exemption allows people receiving provincial assistance to retain the entire amount of their federal Canada Disability Benefit, further helping them to support their children.” 

    The recommendations in Don’t Look Away address systemic issues that are directed at all of government. The RCY has acknowledged that the Province has taken action on 65% of the recommendations it is tracking from recent RCY reports, including Don’t Look Away.

    “The representative has recognized the steps we’ve taken so far and that the systemic changes we are making will take time,” Wickens said. “But we also hear the clear message that this work must continue, and it must expand. We are proud of the progress to date, but we know this is just the start and there is much more to do. Our government is determined to continue this work alongside the RCY and our Indigenous partners to change the way we work.”

    Government is committed to fundamentally rethinking how it supports children and families through improved accountability, increased oversight, enhanced safety and better co-ordination of services.

    Quick Facts:

    • Ministries involved in the development of a child and youth well-being action plan and outcomes framework include the Attorney General, Education and Child Care, Indigenous Relations and Reconciliation, Health, Public Safety and Solicitor General, and Social Development and Poverty Reduction.
    • Since 2017, the Ministry of Children and Family Development has received year-over-year budget increases to significantly improve the supports and services provided to B.C.’s children, youth and families.
    • The ministry’s 2025-26 budget increased by $321.6 million to more than $2.4 billion, more than 81% of which goes directly to programs and services.

    Learn More:

    To learn more about RCY investigation and review, visit: https://news.gov.bc.ca/releases/2024CFD0009-001124

    A backgrounder follows.

    MIL OSI Canada News –

  • MIL-OSI Canada: Saskatchewan’s Manufacturing Sales Sees Second Best Growth in Canada

    Source: Government of Canada regional news

    Released on July 15, 2025

    Strong Manufacturing Sector Fueling Economic Resilience

    Today’s manufacturing sales figures show that Saskatchewan saw an increase of 4.4 per cent in May 2025 compared to April 2025. This is the second highest month-over-month increase among the provinces.

    “These positive numbers highlight once again that Saskatchewan remains the best place in Canada to live, work, raise a family and start a business,” Trade and Export Development Minister Warren Kaeding said. “The huge growth we are seeing in manufacturing sales means businesses can invest with confidence as our economy continues to grow and prosper.”

    Manufacturing sales, including shipments, inventories and orders, represent the dollar value of goods sold by manufacturers. 

    Saskatchewan continues to see significant economic growth. Statistics Canada’s latest Gross Domestic Product (GDP) numbers indicate that the province’s real GDP at basic prices reached an all-time high of $80.5 billion in 2024, increasing by $2.6 billion, or 3.4 per cent. This places Saskatchewan second in the nation for real GDP growth and above the national average of 1.6 per cent.

    Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces. Private capital investment is projected to reach $16.2 billion in 2025, an increase of 10.1 per cent over 2024. This is the second-highest anticipated percentage increase among the provinces.

    Last year, the Government of Saskatchewan unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy, combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada. 

    For more information, visit: InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Halifax Marine Container Examination Facility Opening

    Source: Government of Canada News

    Halifax, NS, July 15, 2025 — The Halifax Port Authority and the Canada Border Services Agency (CBSA) are pleased to invite members of the media to the ceremonial opening of the Marine Container Examination Facility (MCEF) in Halifax, Nova Scotia.

    The following representatives will be present:

    • Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour, on behalf of the Honourable Gary Anandasangaree, Minister of Public Safety
    • Jennifer Lutfallah, Vice-President, CBSA Commercial and Trade Branch
    • Dominic Mallette, Regional Director General, CBSA Atlantic Region
    • Fulvio Fracassi, President and CEO, Halifax Port Authority
    •  Juanita Peters, Executive Director, Africville Museum
    •  Jim Lambe, General Manager, Atlantic Canada, Logistec Corporation
    • Kevin Piper, President, Halifax Longshoremen’s Association

    CBSA officials will be on site to discuss detection tools.

    Date: Wednesday, July 16, 2025
    Time: 10:00 a.m.
    Place: 6015 Africville Rd, Halifax, Nova Scotia

    RSVP: Media who wish to participate in the event must register and provide their contact information in advance by contacting communicationsatl@cbsa-asfc.gc.ca. Identification is required to access the building. Parking is limited; please carpool if possible. 

    MIL OSI Canada News –

  • MIL-OSI Canada: Government of Canada invests $13.4 million in Rogers Pass Centre and Trans-Canada Highway 

    Source: Government of Canada News

    Work will improve safety for visitors, the traveling public, and wildlife

    July 15, 2025                            Rogers Pass/Glacier, BC                    Parks Canada

    The Government of Canada is committed to protecting natural and cultural treasures in Canada and advancing infrastructure projects at Parks Canada administered sites to conserve the environment, create economic and tourism opportunities and ensure the safety of visitors travelling to and through these iconic places.

    Today, the Minister responsible for Parks Canada, the Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages, announced $13.4 million for infrastructure improvements to the Rogers Pass Centre in Glacier National Park and key assets along the Trans-Canada Highway through Mount Revelstoke and Glacier national parks.

    The Rogers Pass Centre is an essential visitor experience and public safety node and rest point for travellers along this busy national corridor. During the rehabilitation, a temporary facility called Summit Station will provide travellers with visitor experience and safety information, park pass sales and merchandise, thereby ensuring minimal disruption to these services.

    This funding will also support critical roadway improvements along the Trans-Canada Highway, including:

    ·        Upgrades to the Mount Revelstoke National Park entrance overpass to meet current safety standards

    ·        Installation of an eco-passage to enable wildlife of all sizes to cross more safely

    ·        Slope stabilization in Glacier National Park to address landslide impacts to the highway

    ·        Drainage and surfacing improvements to improve safety

    This Government of Canada investment is ensuring that future generations can safely connect with the cultural and natural heritage of Rogers Pass National Historic Site and Mount Revelstoke and Glacier national parks while helping to protect and conserve important infrastructure, support the local economy and contribute to growth in the tourism sector.

                                                                                                       -30-

    MIL OSI Canada News –

  • MIL-OSI: Calian Receives Dual Recognition for Excellence and Culture from Iconic Media Brands

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, July 15, 2025 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY), a mission-critical solutions company focused on defence, space, healthcare and other strategic infrastructure sectors, is proud to announce two major honours recognizing its dedication to excellence and a thriving workplace culture. TIME Magazine has included Calian in its inaugural 2025 list of Canada’s Best Companies, while Forbes announced today the company as one of Canada’s Best Employers for Company Culture.

    These prestigious recognitions underline Calian’s momentum as a leader in delivering mission-critical solutions across defence, space and health industries, while also building an empowering, supportive culture that fuels its success.

    “These honours highlight what makes Calian thrive—our people,” said Kevin Ford, CEO of Calian. “Our 5,000-strong global team lives our values every day, building not just a company, but a community committed to impact. With momentum across key industries and a strong team behind us, we’re on a clear path forward—combining purpose with progress as we grow, innovate, and continue delivering for our customers and communities.”

    The TIME Magazine recognition focused on company metrics over the last three years, including employee satisfaction, revenue growth and sustainability transparency, underscoring Calian’s steadfast commitment to driving meaningful outcomes for its employees, clients and the environment. Forbes’ recognition for company culture, based on employee feedback from across Canada, spotlights Calian as an industry leader that fosters inclusion, collaboration and excellence.

    “We recognize that employees are what make Calian a high-performing, innovative company. Our people are the backbone of everything we do,” said Sue Ivay, Chief Human Resources Officer, Calian. “Their expertise, dedication and shared drive for excellence are the reasons these recognitions are possible. Whether we are prioritizing learning and professional growth, engaging with our customers, or delivering solutions when failure is not an option, it is our people who set us apart.”

    These accomplishments reflect Calian’s motivation for focusing on diversity, equity, inclusion and belonging to better serve our communities. Creating a workplace where individuals can grow, collaborate, and succeed, while continuing to deliver the critical mission-driven outcomes that our clients expect.

    For more on life at Calian and our mission to help the world communicate, innovate, learn and lead safe and healthy lives, visit www.calian.com.

    About Calian

    For over 40 years, Calian has delivered mission-critical solutions when failure is not an option. Trusted worldwide, we empower organizations in critical industries to overcome obstacles, manage risks and drive progress. By combining the expertise of our people, proven industry insight, cutting-edge technology, bold innovation, and global reach, we deliver tailored solutions that solve complex challenges. Headquartered in Ottawa, Canada, with over 5,000 people around the world, Calian’s solutions protect lives, strengthen security, foster global connectivity and drive economic progress, making a lasting impact where and when it matters most. 

    www.calian.com

    Product or service names mentioned herein may be the trademarks of their respective owners.

    Media inquiries:

    media@calian.com

    613-599-8600

    Investor Relations inquiries:

    ir@calian.com

    —————————————————————————–

    DISCLAIMER

    Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

    Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
    Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

    The MIL Network –

  • MIL-OSI USA: Donalds Commends USTR For Addressing Fairness In Pharmaceutical Pricing And Putting The American People First

    Source: United States House of Representatives – Representative Byron Donalds (R-FL)

    WASHINGTON – Congressman Byron Donalds (R-FL) joined Congressman Vern Buchanan (R-FL), Congressman Jodey Arrington (R-TX), and thirty-two additional House colleagues in commending the Office of the US Trade Representative for addressing issues of fairness in pharmaceutical pricing and reciprocal trade. Congressman Donalds released the following statement:

    “Our country makes up less than five percent of the world’s population, yet we fund seventy-five percent of the world’s pharmaceutical profits. This is wrong, this is unfair, and this cannot stand. Government must put the American people first and I’m proud to join my colleagues in this critical initiative.”

    Read the full text of the letter here or below:

    Ambassador Jamieson Greer
    United States Trade Representative
    Office of the United States Trade Representative
    600 17th Street NW, Washington DC, 20508

    Dear Ambassador Greer,

    We write to applaud you for demonstrating strong leadership by issuing the “Request for Comments Regarding Foreign Nations Freeloading on American-Financed Innovation” to address discriminatory policies and practices by foreign entities that cause American patients to pay a disproportionate share of the cost of global pharmaceutical research and development (R&D). We believe this is unsustainable because it both threatens the resiliency of the U.S. biopharmaceutical supply chain and increases costs for American patients.

    The American health care system bears the burden of subsidizing pharmaceutical R&D that is used across the world. In fact, despite the U.S. having less than 5 percent of the world’s population, the American patients fund approximately 75 percent of global pharmaceutical profits.

    Pharmaceutical R&D is both a costly and risky endeavor. For example, in 2019, the pharmaceutical industry spent $83 billion on R&D, with $62 billion spent domestically across all companies operating within the U.S. When adjusted for inflation, this is 10 times what the biopharmaceutical industry spent on R&D in the 1980s. In 2023, manufacturers invested over $96 billion in R&D, with over $71 billion in U.S. investments alone. This has led to an increased number of new medicines and potential cures for patients. Yet, only about 10 percent of assets that are in development are ultimately approved by world-wide regulatory bodies, and the expected cost to develop and bring a new drug to market can range from $1 billion to $2 billion.

    The U.S. is the world leader in biopharmaceutical innovation. New medicines are most often developed and launched first in the U.S., including life-saving therapies for cancers and rare diseases. Nearly 90 percent of all medicines launched between 2012 and 2021 were reimbursed in and available to patients in America; however, fewer patients had access to the same medicines abroad—for example, 48 percent of new medicines in the United Kingdom, 24 percent in Australia and 21 percent in Canada. Anti-innovation policies in other countries not only end up costing American patients more, but they threaten global access to medicines and potential cures.

    We are encouraged by USTR’s public comment process on this important issue, and we support utilizing the full force of the U.S. government to ensure other countries appropriately value American innovation. We look forward to working collaboratively with the Executive Branch to address foreign freeloading while ensuring the U.S. remains the clear world leaders when it comes to innovative pharmaceutical products. One Congressional proposal worth considering is the creation of a Chief Pharmaceutical Negotiator within USTR. This role would be specifically tasked with ensuring trade negotiations prioritize reimbursement for innovative medicines and our trading partners are held accountable when they adopt price control measures or other discriminatory practices that shift a disproportionate share of R&D costs back onto American patients.

    The price setting policies that other countries frequently adopt both undervalue medicines in the non-U.S. market and ultimately make life-saving therapies more expensive for U.S. patients. We applaud the Trump Administration for highlighting the impact foreign “freeloaders” have on drug prices for American patients. Simply put: the U.S. should not be forced to subsidize medicine costs for the rest of the world at the expense of American patients.

    Sincerely,

    Vern Buchanan (R-FL) Member of Congress 
     Jodey C. Arrington (R-TX) Member of Congress
     Byron Donalds (R-FL) Member of Congress
     Adrian Smith, (R-NE) Member of Congress
    Aaron Bean (R-FL) Member of Congress
    Nicole Malliotakis (R-NY) Member of Congress
    Charles J. Fleischmann (R-TN) Member of Congress
    Carol D. Miller (R-WV) Member of Congress
    David D. Valadao (R-CA) Member of Congress
    Jeff Crank (R-CO) Member of Congress
    Diana Harshbarger (R-TN) Member of Congress
    Pat Harrigan (R-NC) Member of Congress
    Mike Bost (R-IL) Member of Congress
    Brian K. Fitzpatrick (R-PA) Member of Congress
    Claudia Tenney (R-NY) Member of Congress
    Nathaniel Moran (R-TX) Member of Congress
    Kat Cammack (R-FL) Member of Congress
    Rob Bresnahan Jr. (R-PA) Member of Congress
    Randy Feenstra (R-IA) Member of Congress
    Rich McCormick (R-GA) Member of Congress
    Michelle Fischbach (R-MN) Member of Congress
    Gabe Evans (R-CO) Member of Congress
    Mike Carey (R-OH) Member of Congress
    Max L. Miller (R-OH) Member of Congress
    Tim Moore (R-NC) Member of Congress
    Blake D. Moore (R-UT) Member of Congress
    Rick W. Allen (R-GA) Member of Congress
    Derek Schmidt (R-KS) Member of Congress
    Thomas H. Kean Jr. (R-NJ) Member of Congress
    Darin LaHood (R-IL) Member of Congress
    Don Bacon (R-NE) Member of Congress
    Richard Hudson (R-NC) Member of Congress
    Pete Stauber (R-MN) Member of Congress
    Mark B. Messmer (R-IN) Member of Congress
    Neal P. Dunn (R-FL) Member of Congress

    ###

    MIL OSI USA News –