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  • MIL-OSI: YieldMax™ ETFs Announces Distributions on SMCY (101.33%), MSTY (100.07%), AIYY (64.15%), YMAX (47.62%), SQY (45.38%) and Others

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, MILWAUKEE and NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Weekly Payers and Group D ETFs listed in the table below.

    ETF Ticker1 ETF Name Distribution Frequency Distribution per share Distribution Rate2,4 30-Day
    SEC Yield3    		 ROC5 Ex-Date & Record Date Payment Date
    SDTY* YieldMax™ S&P 500 0DTE Covered Call ETF Weekly   – –   –   –   – –
    GPTY YieldMax™ AI & Tech Portfolio Option Income ETF Weekly $ 0.2936 –   –   99.05 % 2/13/25 2/14/25
    LFGY YieldMax™ Crypto Industry
    & Tech Portfolio Option Income ETF    		 Weekly $ 0.5642 –   –   100.00 % 2/13/25 2/14/25
    YMAX YieldMax™ Universe
    Fund of Option Income ETFs    		 Weekly $ 0.1503 47.62 % 77.11 % 92.31 % 2/13/25 2/14/25
    YMAG YieldMax™ Magnificent 7
    Fund of Option Income ETFs    		 Weekly $ 0.0509 14.71 % 56.75 % 85.74 % 2/13/25 2/14/25
    MSTY YieldMax™ MSTR Option
    Income Strategy ETF    		 Every 4 weeks $ 2.0216 100.07 % 0.00 % 33.44 % 2/13/25 2/14/25
    YQQQ YieldMax™ Short N100 Option Income Strategy ETF Every 4 weeks $ 0.2498 19.44 % 3.81 % 0.00 % 2/13/25 2/14/25
    AMZY YieldMax™ AMZN Option
    Income Strategy ETF    		 Every 4 weeks $ 0.5480 36.33 % 2.89 % 0.00 % 2/13/25 2/14/25
    APLY YieldMax™ AAPL Option
    Income Strategy ETF    		 Every 4 weeks $ 0.3625 28.26 % 3.14 % 88.56 % 2/13/25 2/14/25
    AIYY YieldMax™ AI Option Income Strategy ETF Every 4 weeks $ 0.3710 64.15 % 3.59 % 94.49 % 2/13/25 2/14/25
    DISO YieldMax™ DIS Option Income Strategy ETF Every 4 weeks $ 0.4574 36.46 % 3.60 % 90.80 % 2/13/25 2/14/25
    SQY YieldMax™ SQ Option Income Strategy ETF Every 4 weeks $ 0.5840 45.38 % 4.13 % 93.58 % 2/13/25 2/14/25
    SMCY YieldMax™ SMCI Option Income Strategy ETF Every 4 weeks $ 2.0901 101.33 % 3.39 % 97.65 % 2/13/25 2/14/25
    Weekly Payers & Group A ETFs scheduled for next week: SDTY GPTY LFGY YMAX YMAG TSLY CRSH GOOY YBIT OARK XOMO SNOY TSMY FEAT FIVY

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

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

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

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

    *The inception date for SDTY is February 5, 2025.

    1. All YieldMax™ ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX, YMAG and FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio of 1.24% but the investment adviser has agreed to a 0.10% fee waiver through at least February 28, 2025.
    2. The Distribution Rate shown is as of close on February 11, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
    3. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended January 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
    4. Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
    5. ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.

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

    Standardized Performance

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

    Important Information

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

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

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

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

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

    Investing involves risk. Principal loss is possible.

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

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

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

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

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

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

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

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

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

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

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

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

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

    Risk Disclosures (applicable only to GPTY)

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

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

    Risk Disclosure (applicable only to MARO)

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

    Risk Disclosures (applicable only to BABO and TSMY)

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

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

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

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

    Risk Disclosures (applicable only to GDXY)

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

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

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

    Risk Disclosures (applicable only to YBIT)

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

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

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

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

    Risk Disclosures (applicable only to the Short ETFs)

    Investing involves risk. Principal loss is possible.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Risk Disclosures (applicable only to YQQQ)

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

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

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

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

    © 2025 YieldMax™ ETFs

    The MIL Network –

  • MIL-OSI: QXO Receives Antitrust Clearance for Acquisition of Beacon Roofing Supply

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) — QXO, Inc. (NYSE: QXO) announced today that it has obtained antitrust clearance in both the U.S. and Canada for its acquisition of Beacon Roofing Supply, Inc. (Nasdaq: BECN), paving the way for QXO to close the transaction quickly. The company confirmed that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired and that it has received early termination of the waiting period from the Canadian Competition Bureau.

    “With committed financing in place and these necessary regulatory approvals secured, QXO is prepared to complete this acquisition and deliver immediate, compelling value to Beacon shareholders,” said Brad Jacobs, chairman and chief executive officer of QXO. “Beacon should remove its shareholder-unfriendly poison pill so shareholders can benefit from our premium all-cash offer.”

    QXO’s all-cash tender offer for all of Beacon’s outstanding common stock of $124.25 per share, which is higher than Beacon’s stock has ever traded, remains open until 12:00 midnight (New York City time) at the end of February 24, 2025. QXO is prepared to complete the acquisition shortly after the tender expires, subject to the terms of the offer. Importantly, the transaction is not subject to any financing conditions or due diligence conditions.

    Advisors

    Morgan Stanley & Co. LLC is acting as lead financial advisor to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel.

    About QXO

    QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the $800 billion building products distribution industry. The company is targeting tens of billions of dollars of annual revenue in the next decade through accretive acquisitions and organic growth. Visit www.qxo.com for more information.

    Forward-Looking Statements

    This communication contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets, goals, regulatory approval timing and nominating directors are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Such factors include but are not limited to: the ultimate outcome of any possible transaction between QXO, Inc. (“QXO”) and Beacon Roofing Supply, Inc. (“Beacon”), including the possibility that the parties will not agree to pursue a business combination transaction or that the terms of any definitive agreement will be materially different from those proposed; uncertainties as to whether Beacon will cooperate with QXO regarding the proposed transaction; the ultimate result should QXO commence a proxy contest for election of directors to Beacon’s Board of Directors; QXO’s ability to consummate the proposed transaction with Beacon; the conditions to the completion of the proposed transaction, including the receipt of any required shareholder approvals and any required regulatory approvals; QXO’s ability to finance the proposed transaction; the substantial indebtedness QXO expects to incur in connection with the proposed transaction and the need to generate sufficient cash flows to service and repay such debt; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction; QXO’s ability to retain certain key employees; and general economic conditions that are less favorable than expected. QXO cautions that forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. QXO does not assume any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.

    Important Additional Information and Where to Find It

    This communication is for informational purposes only and does not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell Beacon securities. QXO and Queen MergerCo, Inc. (the “Purchaser”) filed a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (the “SEC”) on January 27, 2025, and Beacon filed a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer with the SEC on February 6, 2025. Investors and security holders are urged to carefully read the Tender Offer Statement (including the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as each may be amended or supplemented from time to time) and the Solicitation/Recommendation Statement as these materials contain important information that investors and security holders should consider before making any decision regarding tendering their common stock, including the terms and conditions of the tender offer. The Tender Offer Statement, Offer to Purchase, Solicitation/Recommendation Statement and related materials are filed with the SEC, and investors and security holders may obtain a free copy of these materials and other documents filed by QXO and Beacon with the SEC at the website maintained by the SEC at www.sec.gov. In addition, the Tender Offer Statement and other documents that QXO and the Purchaser file with the SEC will be made available to all investors and security holders of Beacon free of charge from the information agent for the tender offer: Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, NY 10022, toll-free telephone: +1 (888) 750-5834.
    QXO and the other participants intend to file a preliminary proxy statement and accompanying WHITE universal proxy card with the SEC to be used to solicit proxies for, among other matters, the election of its slate of director nominees at the 2025 Annual Meeting of stockholders of Beacon. QXO strongly advises all stockholders of Beacon to read the preliminary proxy statement, any amendments or supplements to such proxy statement, and other proxy materials filed by QXO with the SEC as they become available because they will contain important information. Such proxy materials will be available at no charge on the SEC’s website at www.sec.gov and at QXO’s website at investors.qxo.com. In addition, the participants in this proxy solicitation will provide copies of the proxy statement, and other relevant documents, without charge, when available, upon request. Requests for copies should be directed to the participants’ proxy solicitor.

    Certain Information Concerning the Participants

    The participants in the proxy solicitation are anticipated to be QXO, Brad Jacobs, Ihsan Essaid, Matt Fassler, Mark Manduca and the individuals nominated by QXO (the “QXO Nominees”). QXO expects to determine and announce the QXO Nominees prior to the nomination deadline for the 2025 annual meeting of stockholders of Beacon. As of the date of this communication, other than 100 shares of common stock of Beacon beneficially owned by QXO, none of the participants who have been identified has any direct or indirect interest, by security holdings or otherwise, in Beacon.

    Media Contacts

    Joe Checkler
    joe.checkler@qxo.com
    203-609-9650

    Steve Lipin / Lauren Odell
    Gladstone Place Partners
    212-230-5930

    Investor Contacts

    Mark Manduca
    mark.manduca@qxo.com
    203-321-3889

    Scott Winter / Jonathan Salzberger
    Innisfree M&A Incorporated
    212-750-5833

    The MIL Network –

  • MIL-OSI: Helium Evolution Provides Operations Update on Mankota Helium Fairway

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce significant progress on its ongoing helium exploration activities along the Mankota helium fairway.

    Operations Update

    HEVI is excited to announce that its partner, North American Helium Inc. (“NAH”), has successfully completed drilling operations at the joint well at 5-30-3-8W3 (the “5-30 Well”) and completion operations are now underway. NAH will complete, test and evaluate the 5-30 Well in the coming weeks to confirm the presence of helium and evaluate commerciality of the potential helium discovery.

    Furthermore, the drilling rig has moved to the 3-19-3-8W3 location (the “3-19 Well”). HEVI has confirmed its 20% participation in the 3-19 Well, with HEVI’s share of the drilling costs expected to be approximately $0.4 million.

    Additionally, HEVI reports that the drilling of the 12-29-2-8W3 (the “12-29 Well”) has been completed. The drilling rig has been released and NAH has moved in a completion rig to complete and perforate the 12-29 Well to confirm the presence of helium. Operations on the 12-29 Well must cease by February 22, 2025, due to environmental restrictions in the area.

    “We are extremely pleased with the progress of our operations along the Mankota helium fairway, which holds considerable promise,” said Greg Robb, President and CEO of HEVI. “We are committed to advancing our development efforts and believe the results from the 5-30 Well are critical to moving towards our ultimate goal of helium production. We will continue to work closely with our partner, NAH, to drive forward our strategy for long-term growth.”

    Stay Connected to Helium Evolution

    Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company’s website, which includes an updated corporate presentation, and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned ‘deep-dive’ research report prepared by a third party whose background includes serving as a research analyst for several bank-owned and independent investment dealers.

    About Helium Evolution Incorporated

    Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI’s management and board are executing a differentiated strategy to become a leading supplier of sustainably-produced helium for the growing global helium market.

    For further information, please contact:

    Statement Regarding Forward-Looking Information

    This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

    Forward-looking statements in this document include statements regarding, the Company’s expectations regarding scalable helium production from its land generally, completion, testing and evaluation of the 5-30 Well and the 12-29 Well, ceasing operations on the 12-29 Well due to environmental restrictions, drilling the 3-19 Well, the Company’s expectations regarding advancing development efforts and moving towards helium production, working closely with NAH, the Company’s expectation regarding long-term growth, the Company’s intention to provide further updates regarding significant updates and developments, the Company becoming a leading supplier of sustainably-produced helium, timeline of future updates, the Company’s beliefs regarding growth of the global helium market and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: NAH may be unsuccessful in drilling commercially productive wells; the Company and/or NAH may abandon or defer plans for continuing the completion, testing and evaluation of the 5-30 Well and/or the 12-29 Well; the Company and/or NAH may abandon its plans for drilling the 3-19 Well; the Company and/or NAH may determine not to bring wells onto production; the Company and/or NAH may abandon plans to produce wells and may not work closely together; there may not be long-term growth; new laws or regulations and/or unforeseen events could adversely affect the Company’s business and results of operations; stock markets have experienced volatility that often has been unrelated to the performance of companies and such volatility may adversely affect the price of the Company’s securities regardless of its operating performance; risks generally associated with the exploration for and production of resources; the uncertainty of estimates and projections relating to expenses and the Company’s working capital position; constraint in the availability of services; commodity price and exchange rate fluctuations; adverse weather or break-up conditions; and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and risks other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35e2489b-d97a-4d88-a63c-3d513d6fc466.

    The MIL Network –

  • MIL-OSI: Boralex: Dividend Declaration

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Feb. 12, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 17, 2025 to shareholders of record at the close of business on February 28, 2025. Boralex has designated this dividend as an eligible dividend within the meaning of Section 89(14) of the Income Tax Act (Canada) and all provisions of provincial laws applicable to eligible dividends.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3 GW. Our pipeline of projects and growth path total over 7.2 GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.

    For more information

    Source: Boralex inc.

    The MIL Network –

  • MIL-OSI: DT Midstream to Announce Fourth Quarter and Full Year 2024 Financial Results, Schedules Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, Feb. 12, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) plans to announce fourth quarter and full year 2024 financial results before the market opens on Wednesday, February 26, 2025.

    DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 9645886. International access numbers are available here.

    The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    The MIL Network –

  • MIL-OSI Canada: Statement on Inclusive and Sustainable Artificial Intelligence for People and the Planet

    Source: Government of Canada – Prime Minister

    1. Participants from over 100 countries, including government leaders, international organisations, representatives of civil society, the private sector, and the academic and research communities gathered in Paris on February 10 and 11, 2025, to hold the AI Action Summit. Rapid development of AI technologies represents a major paradigm shift, impacting our citizens, and societies in many ways. In line with the Paris Pact for People and the Planet, and the principles that countries must have ownership of their transition strategies, we have identified priorities and launched concrete actions to advance the public interest and to bridge digital divides through accelerating progress towards the Sustainable Development Goals (SDGs). Our actions are grounded in three main principles of science, solutions – focusing on open AI models in compliance with countries frameworks – and policy standards, in line with international frameworks.
    2. This Summit has highlighted the importance of reinforcing the diversity of the AI ecosystem. It has laid an open, multi-stakeholder and inclusive approach that will enable AI to be human rights based, human-centric, ethical, safe, secure and trustworthy while also stressing the need and urgency to narrow the inequalities and assist developing countries in artificial intelligence capacity-building so they can build AI capacities.
    3. Acknowledging existing multilateral initiatives on AI, including the United Nations General Assembly Resolutions, the Global Digital Compact, the UNESCO Recommendation on Ethics of AI, the African Union Continental AI Strategy, and the works of the Organization for Economic Cooperation and Development (OECD), the Council of Europe and European Union, the G7 including the Hiroshima AI Process and G20, we have affirmed the following main priorities: 

    • Promoting AI accessibility to reduce digital divides

    • Ensuring AI is open, inclusive, transparent, ethical, safe, secure and trustworthy, taking into account international frameworks for all 

    • Making innovation in AI thrive by enabling conditions for its development and avoiding market concentration driving industrial recovery and development

    • Encouraging AI deployment that positively shapes the future of work and labour markets and delivers opportunity for sustainable growth

    • Making AI sustainable for people and the planet

    • Reinforcing international cooperation to promote coordination in international governance

    To deliver on these priorities: 

    • Founding members have launched a major Public Interest AI Platform and Incubator, to support, amplify, decrease fragmentation between existing public and private initiatives on Public Interest AI and address digital divides. The Public interest AI Initiative will sustain and support digital public goods and technical assistance and capacity building projects in data, model development, openness and transparency, audit, compute, talent, financing and collaboration to support and co-create a trustworthy AI ecosystem advancing the public interest of all, for all and by all. 

    • We have discussed, at a Summit for the first time and in a multi-stakeholder format, issues related to AI and energy. This discussion has led to sharing knowledge to foster investments for sustainable AI systems (hardware, infrastructure, models), to promoting an international discussion on AI and environment, to welcoming an observatory on the energy impact of AI with the International Energy Agency, to showcasing energy-friendly AI innovation.
    • We recognize the need to enhance our shared knowledge on the impacts of AI in the job market, though the creation of network of Observatories, to better anticipate AI implications for workplaces, training and education and to use AI to foster productivity, skill development, quality and working conditions and social dialogue.
    1. We recognize the need for inclusive multistakeholder dialogues and cooperation on AI governance. We underline the need for a global reflection integrating inter alia questions of safety, sustainable development, innovation, respect of international laws including humanitarian law and human rights law and the protection of human rights, gender equality, linguistic diversity, protection of consumers and of intellectual property rights. We take notes of efforts and discussions related to international fora where AI governance is examined. As outlined in the Global Digital Compact adopted by the UN General Assembly, participants also reaffirmed their commitment to initiate a Global Dialogue on AI governance and the Independent International Scientific Panel on AI and to align on-going governance efforts, ensuring complementarity and avoiding duplication. 
    2. Harnessing the benefits of AI technologies to support our economies and societies depends on advancing Trust and Safety. We commend the role of the Bletchley Park AI Safety Summit and Seoul Summits that have been essential in progressing international cooperation on AI safety and we note the voluntary commitments launched there. We will keep addressing the risks of AI to information integrity and continue the work on AI transparency. 
    3. We look forward to next AI milestones such as the Kigali Summit, the 3rd Global Forum on the Ethics of AI hosted by Thailand and UNESCO, the 2025 World AI Conference and the AI for Good Global Summit 2025 to follow up on our commitments and continue to take concrete actions aligned with a sustainable and inclusive AI.

    Signatory countries: 

    1. Armenia
    2. Australia
    3. Austria
    4. Belgium
    5. Brazil
    6. Bulgaria
    7. Cambodia
    8. Canada
    9. Chile
    10. China
    11. Croatia
    12. Cyprus
    13. Czechia
    14. Denmark
    15. Djibouti
    16. Estonia
    17. Finland
    18. France
    19. Germany
    20. Greece
    21. Hungary
    22. India
    23. Indonesia
    24. Ireland
    25. Italy
    26. Japan
    27. Kazakhstan
    28. Kenya
    29. Latvia
    30. Lithuania
    31. Luxembourg
    32. Malta
    33. Mexico
    34. Monaco
    35. Morocco
    36. New Zealand
    37. Nigeria
    38. Norway
    39. Poland
    40. Portugal
    41. Romania
    42. Rwanda
    43. Senegal
    44. Serbia
    45. Singapore
    46. Slovakia
    47. Slovenia
    48. South Africa
    49. Republic of Korea
    50. Spain
    51. Sweden
    52. Switzerland
    53. Thailand
    54. Netherlands
    55. United Arab Emirates
    56. Ukraine
    57. Uruguay
    58. Vatican
    59. European Union
    60. African Union Commission

    MIL OSI Canada News –

  • MIL-OSI: Phoenix Group’s Bitcoin Mining Revenue Soars 236% YoY, Fuelled by Strategic Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    Abu Dhabi, United Arab Emirates, Feb. 12, 2025 (GLOBE NEWSWIRE) — Phoenix Group PLC (ADX:PHX), ADX-listed technology leader, today announced a remarkable 236% year-over-year (YoY) surge in revenue for FY 2024, solidifying its position as a driving force in the global digital asset ecosystem.

    The company’s mining revenue reached $107 million in 2024, a significant leap from $32 million in 2023 and $5.4 million in 2022. This represents an astounding 1852% increase over two years. This exceptional performance underscores Phoenix Group’s strategic vision and operational excellence in a dynamic market.

    Despite industry headwinds, including the Bitcoin halving and a prolonged bearish market until November 2024, Phoenix Group demonstrated resilience and adaptability. The company’s total gross revenue across all verticals reached $206 million. Phoenix Group’s proactive operational efficiencies and strategic initiatives, including global expansion and diversification, have paved the way for sustained profitability and growth.

    Commenting on the 2024 results, Munaf Ali, CEO & Co-Founder, stated: “These results are a testament to our unwavering commitment to innovation and strategic growth on a global scale. The past year has been pivotal for Phoenix Group, marked by significant expansion and enhanced profitability. We are not simply navigating the digital asset revolution – we are shaping it. With a strong foundation and a clear vision, we are confident in delivering continued value to our shareholders and stakeholders worldwide.”

    The company achieved a total comprehensive income of USD 219 million and a net profit after tax of USD 167 million. 

    Total assets stood at USD 962 million, along with earnings per share (EPS) recorded at USD 0.028, reinforcing Phoenix Group’s continued profitability and shareholder value growth.

    Operational and Financial Highlights during 2024:

    • Improved Profitability: Self-mining gross margins rose to 24% in Q4 2024, up from just 5% in Q3 2024, driven by an average 37% increase in Bitcoin price and a 6% improvement in efficiency improvement mainly coming from sites in the US and Canada.
    • Processing Power Contribution: Phoenix Group maintained a robust contribution of 15.0 EH/s to the Bitcoin network, with its market share holding steady at 1.9%.
    • Expansion and Optimization: The company successfully launched new mining sites in the U.S., Canada, and Oman, adding a total of 160 MW while exiting the CIS region due to regulatory uncertainties.
    • Diversification into Digital Assets: Investments expanded into key cryptocurrencies including SOL, ETH, FAH, UNCN, LVLY, and TON, reinforcing Phoenix Group’s diversified growth strategy.
    • New Strategic Agreements: Phoenix Group secured agreements for additional sites, including a 132 MW facility in Ethiopia and a 20 MW site in Texas, totalling 152 MW of upcoming capacity.
    • Stablecoin Collaboration: Partnered with the Tether Foundation to launch a dirham-backed stablecoin, enhancing the company’s foothold in the broader digital finance ecosystem.

    Phoenix Group continues to position itself as a leader in the Bitcoin mining and digital asset sector, leveraging strategic expansion and operational efficiencies to drive sustainable growth. 

    The company’s preliminary results remain subject to external audit, with audited consolidated financial statements expected by February 14, 2024.

    -END-

    About Phoenix Group 

    Phoenix Group, a multi-billion-dollar tech powerhouse headquartered in the UAE, leads the forefront of the blockchain, crypto, and tech revolution, driving innovation to new heights. Phoenix Group operates several mining facilities in the US, Canada, CIS, and the UAE, with each unique company operating in one of four distinct verticals: Mining, Hosting, Trading, and Investments. 

    Phoenix Group PLC is the region’s first privately owned crypto and blockchain conglomerate listed on the Abu Dhabi Securities Exchange. It also runs the largest mining farm in the MENA region.

    Social presence:

    X  | LinkedIn | Website

    Media contact:

    Email: ir@phoenixgroupuae.com 

    The MIL Network –

  • MIL-OSI Canada: Statement from Minister McLean on International Day of Women and Girls in Science

    Statement from Minister McLean on International Day of Women and Girls in Science
    zaburke

    Minister of Education and Minister responsible for the Women and Gender Equity Directorate Jeanie McLean has issued the following statement:

    “On February 11 we celebrate International Day of Women and Girls in Science, an opportunity to recognize the remarkable contributions of women and girls in scientific research and careers. Today, we uplift trailblazers like nuclear physicist Harriet Brooks, neuro-psychiatrist Lillian Dyck and health researcher Dr. Janet Smylie. From these past groundbreakers to today’s innovators, these incredible women in STEM continue to pave the way for women to take their rightful place in academia and make significant contributions to research.

    “This day also reminds us of the work still ahead. Despite progress that has been made, women and girls continue to face systemic barriers in pursuing scientific careers. Women make up 47.3 per cent of the Canadian labour force and 34 per cent of STEM degree holders and yet still represent only 23 per cent of Canadians working in science and technology.

    “This inequity stems from deeply rooted gender stereotypes and prejudices which can discourage girls from pursuing scientific studies and careers. Closing the gender gap in science requires dismantling these stereotypes, highlighting role models to inspire youth and fostering inclusive environments through policies and actions. Right here in the Yukon, inspiring work is being done to recruit and retain girls, women and gender-diverse individuals in science—helping to shape a future where everyone has the opportunity to succeed.

    “Diversity drives progress and innovation and this International Day of Women and Girls in Science is a powerful reminder of the need to break down barriers and create opportunities for all. By championing gender equity, fostering inclusive environments, and celebrating the achievements of women and girls in science, we can unlock new discoveries, solve complex challenges, and build a brighter future for all.”
     

    MIL OSI Canada News –

  • MIL-OSI Canada: 2025 rent index set at 2.0 per cent

    On May 15, 2025, the 2025 rent index will be set at 2.0 percent.

    As required by the Regulation to amend the Residential Landlord and Tenant Act, the residential rent index is adjusted yearly on May 15 to align with the annual Consumer Price Index (CPI) for Whitehorse, which was 2.0 per cent in 2024.

    Landlords may not increase rents more than the prescribed rent index. Landlords may also choose to not increase rent.

    The rent index came into effect as part of the 2023 Confidence and Supply Agreement between the Yukon Liberal Party and the Yukon New Democratic Party.
     

    MIL OSI Canada News –

  • MIL-Evening Report: Chris Hedges: The US empire self-destructs

    Report by Dr David Robie – Café Pacific. –

    The United States shares the pathologies of all dying empires with their mixture of buffoonery, rampant corruption, military fiascos, economic collapse and savage state repression.

    ANALYSIS: By Chris Hedges

    The billionaires, Christian fascists, grifters, psychopaths, imbeciles, narcissists and deviants who have seized control of Congress, the White House and the courts, are cannibalising the machinery of state. These self-inflicted wounds, characteristic of all late empires, will cripple and destroy the tentacles of power. And then, like a house of cards, the empire will collapse.

    Blinded by hubris, unable to fathom the empire’s diminishing power, the mandarins in the Trump administration have retreated into a fantasy world where hard and unpleasant facts no longer intrude. They sputter incoherent absurdities while they usurp the Constitution and replace diplomacy, multilateralism and politics with threats and loyalty oaths.

    Agencies and departments, created and funded by acts of Congress, are going up in smoke.

    The rulers of all late empires, including the Roman emperors Caligula and Nero or Charles I, the last Habsburg ruler, are as incoherent as the Mad Hatter, uttering nonsensical remarks, posing unanswerable riddles and reciting word salads of inanities. They, like Donald Trump, are a reflection of the moral, intellectual and physical rot that plague a diseased society. Cartoon: Mr Fish/The Chris Hedges Report

    They are removing government reports and data on climate change and withdrawing
    from the Paris Climate Agreement,. They are pulling out of the World Health Organisation.

    They are sanctioning officials who work at the International Criminal Court — which issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defence minister Yoav Gallant over war crimes in Gaza.

    They suggested Canada become the 51st state. They have formed a task force to “eradicate anti-Christian bias.” They call for the annexation of Greenland and the seizure of the Panama Canal.

    They propose the construction of luxury resorts on the coast of a depopulated Gaza under US control which, if it takes place, would bring down the Arab regimes propped up by the US.

    Uttering nonsensical remarks
    The rulers of all late empires, including the Roman emperors Caligula and Nero or Charles I, the last Habsburg ruler, are as incoherent as the Mad Hatter, uttering nonsensical remarks, posing unanswerable riddles and reciting word salads of inanities. They, like Donald Trump, are a reflection of the moral, intellectual and physical rot that plague a diseased society.

    I spent two years researching and writing about the warped ideologues of those who have now seized power in my book American Fascists: The Christian Right and the War on America. Read it while you still can. Seriously.

    These Christian fascists, who define the core ideology of the Trump administration, are unapologetic about their hatred for pluralistic, secular democracies. They seek, as they exhaustively detail in numerous “Christian” books and documents such as the Heritage Foundation’s Project 2025, to deform the judiciary and legislative branches of government, along with the media and academia, into appendages to a “Christianised” state led by a divinely anointed leader.

    They openly admire Nazi apologists such as Rousas John Rushdoony, a supporter of eugenics who argues that education and social welfare should be handed over to the churches and Biblical law must replace the secular legal code, and Nazi party theorists such as Carl Schmitt.

    They are avowed racists, misogynists and homophobes. They embrace bizarre conspiracy theories from the white replacement theory to a shadowy monster they call “the woke.” Suffice it to say, they are not grounded in a reality based universe.

    Christian fascists come out of a theocratic sect called Dominionism. This sect teaches that American Christians have been mandated to make America a Christian state and an agent of God. Political and intellectual opponents of this militant Biblicalism are condemned as agents of Satan.

    “Under Christian dominion, America will no longer be a sinful and fallen nation but one in which the 10 Commandments form the basis of our legal system, creationism and ‘Christian values’ form the basis of our educational system, and the media and the government proclaim the Good News to one and all,” I noted in my book.

    “Labour unions, civil-rights laws and public schools will be abolished. Women will be removed from the workforce to stay at home, and all those deemed insufficiently Christian will be denied citizenship. Aside from its proselytising mandate, the federal government will be reduced to the protection of property rights and ‘homeland’ security.”


    Chris Hedges talks to Marc Lamont Hill on Up Front on why “democracy doesn’t exist in the United States” today.   Video: Al Jazeera

    Comforting to most Americans
    The Christian fascists and their billionaire funders, I noted, “speak in terms and phrases that are familiar and comforting to most Americans, but they no longer use words to mean what they meant in the past.”

    They commit logocide, killing old definitions and replacing them with new ones. Words — including truth, wisdom, death, liberty, life and love — are deconstructed and assigned diametrically opposed meanings.Life and death, for example, mean life in Christ or death to Christ, a signal of belief of unbelief. Wisdom refers to the level of commitment and obedience to the doctrine.

    Liberty is not about freedom, but the liberty that comes from following Jesus Christ and being liberated from the dictates of secularism. Love is twisted to mean an unquestioned obedience to those, such as Trump, who claim to speak and act for God.As the death spiral accelerates, phantom enemies, domestic and foreign, will be blamed for the demise, persecuted and slated for obliteration.

    Once the wreckage is complete, ensuring the immiseration of the citizenry, a breakdown in public services and engendering an inchoate rage, only the blunt instrument of state violence will remain. A lot of people will suffer, especially as the climate crisis inflicts with greater and greater intensity its lethal retribution.

    The near-collapse of our constitutional system of checks and balances took place long before the arrival of Trump. Trump’s return to power represents the death rattle of the Pax Americana. The day is not far off when, like the Roman Senate in 27 BC, Congress will take its last significant vote and surrender power to a dictator. The Democratic Party, whose strategy seems to be to do nothing and hope Trump implodes, have already acquiesced to the inevitable.

    The question is not whether we go down, but how many millions of innocents we will take with us. Given the industrial violence our empire wields, it could be a lot, especially if those in charge decide to reach for the nukes.

    The dismantling of the US Agency for International Development (USAID) — Elon Musk claims is run by “a viper’s nest of radical-left marxists who hate America” — is an example of how these arsonists are clueless about how empires function.

    Foreign aid is not benevolent. It is weaponised to maintain primacy over the United Nations and remove governments the empire deems hostile. Those nations in the UN and other multilateral organisations who vote the way the empire demands, who surrender their sovereignty to global corporations and the US military, receive assistance. Those who don’t do not.

    Building infrastructure projects
    When the US offered to build the airport in Haiti’s capital Port-au-Prince, investigative journalist Matt Kennard reports, it required that Haiti oppose Cuba’s admittance into the Organisation of American States, which it did.

    Foreign aid builds infrastructure projects so corporations can operate global sweatshops and extract resources. It funds “democracy promotion” and “judicial reform” that thwart the aspirations of political leaders and governments that seek to remain independent from the grip of the empire.

    USAID, for example, paid for a “political party reform project” that was designed
    “as a counterweight” to the “radical” Movement Toward Socialism (Movimiento al Socialismo) and sought to prevent socialists like Evo Morales from being elected in Bolivia. It then funded organisations and initiatives, including training programmes so Bolivian youth could be taught the American business practices, once Morales assumed the presidency, to weaken his hold on power.

    Kennard in his book, The Racket: A Rogue Reporter vs The American Empire, documents
    how US institutions such as the National Endowment for Democracy, the World Bank, the International Monetary Fund, the Inter-American Development Bank, USAID and the Drug Enforcement Administration, work in tandem with the Pentagon and Central Intelligence Agency to subjugate and oppress the Global South.

    Client states that receive aid must break unions, impose austerity measures, keep wages low and maintain puppet governments. The heavily funded aid programmes, designed to bring down Morales, eventually led the Bolivian president to throw USAID out of the country.

    The lie peddled to the public is that this aid benefits both the needy overseas and us at home. But the inequality these programmes facilitate abroad replicates the inequality imposed domestically. The wealth extracted from the Global South is not equitably distributed. It ends up in the hands of the billionaire class, often stashed in overseas bank accounts to avoid taxation.

    Our US tax dollars, meanwhile, disproportionately funds the military, which is the iron fist that sustains the system of exploitation. The 30 million Americans who were victims of mass layoffs and deindustrialisation lost their jobs to workers in sweatshops overseas. As Kennard notes, both home and abroad, it is a vast “transfer of wealth from the poor to the rich globally and domestically”.

    Legitimises theft at home
    “The same people that devise the myths about what we do abroad have also built up a similar ideological system that legitimises theft at home; theft from the poorest, by the richest,” he writes. “The poor and working people of Harlem have more in common with the poor and working people of Haiti than they do with their elites, but this has to be obscured for the racket to work.”

    Foreign aid maintains sweatshops or “special economic zones” in countries such as Haiti, where workers toil for pennies an hour and often in unsafe conditions for global corporations.

    “One of the facets of special economic zones, and one of the incentives for corporations in the US, is that special economic zones have even less regulations than the national state on how you can treat labour and taxes and customs,” Kennard told me in an interview.

    “You open these sweatshops in the special economic zones. You pay the workers a pittance. You get all the resources out without having to pay customs or tax. The state in Mexico or Haiti or wherever it is, where they’re offshoring this production, doesn’t benefit at all. That’s by design. The coffers of the state are always the ones that never get increased. It’s the corporations that benefit.”

    These same US institutions and mechanisms of control, Kennard writes in his book, were employed to sabotage the electoral campaign of Jeremy Corbyn, a fierce critic of the US empire, for prime minister in Britain.

    The US disbursed nearly $72 billion in foreign aid in fiscal year 2023. It funded clean water initiatives, HIV/Aids treatments, energy security and anti-corruption work. In 2024, it provided 42 percent of all humanitarian aid tracked by the United Nations.

    Humanitarian aid, often described as “soft power,” is designed to mask the theft of resources in the Global South by US corporations, the expansion of the footprint of the US military, the rigid control of foreign governments, the devastation caused by fossil fuel extraction, the systemic abuse of workers in global sweatshops and the poisoning of child labourers in places like the Congo, where they are used to mine lithium.

    The demise of American power
    I doubt Musk and his army of young minions in the Department of Government Efficiency (DOGE) — which isn’t an official department within the federal government — have any idea about how the organisations they are destroying work, why they exist or what it will mean for the demise of American power.

    The seizure of government personnel records and classified material, the effort to terminate hundreds of millions of dollars worth of government contracts — mostly those which relate to Diversity, Equity and Inclusion (DEI), the offers of buyouts to “drain the swamp” including a buyout offer to the entire workforce of the Central Intelligence Agency — now temporarily blocked by a judge — the firing of 17 or 18 inspectors generals
    and federal prosecutors, the halting of government funding and grants, sees them cannibalise the leviathan they worship.

    They plan to dismantle the Environmental Protection Agency, the Department of Education
    and the US Postal Service, part of the internal machinery of the empire. The more dysfunctional the state becomes, the more it creates a business opportunity for predatory corporations and private equity firms. These billionaires will make a fortune “harvesting” the remains of the empire. But they are ultimately slaying the beast that created American wealth and power.

    Once the dollar is no longer the world’s reserve currency, something the dismantling of the empire guarantees, the US will be unable to pay for its huge deficits by selling Treasury bonds. The American economy will fall into a devastating depression. This will trigger a breakdown of civil society, soaring prices, especially for imported products, stagnant wages and high unemployment rates.

    The funding of at least 750 overseas military bases and our bloated military will become impossible to sustain. The empire will instantly contract. It will become a shadow of itself. Hypernationalism, fueled by an inchoate rage and widespread despair, will morph into a hate-filled American fascism.

    Relentless hunt for plunder, profit
    “The demise of the United States as the preeminent global power could come far more quickly than anyone imagines,” the historian Alfred W. McCoy writes in his book In the Shadows of the American Century: The Rise and Decline of US Global Power:

    Despite the aura of omnipotence empires often project, most are surprisingly fragile, lacking the inherent strength of even a modest nation-state. Indeed, a glance at their history should remind us that the greatest of them are susceptible to collapse from diverse causes, with fiscal pressures usually a prime factor. For the better part of two centuries, the security and prosperity of the homeland has been the main objective for most stable states, making foreign or imperial adventures an expendable option, usually allocated no more than 5 percent of the domestic budget. Without the financing that arises almost organically inside a sovereign nation, empires are famously predatory in their relentless hunt for plunder or profit — witness the Atlantic slave trade, Belgium’s rubber lust in the Congo, British India’s opium commerce, the Third Reich’s rape of Europe, or the Soviet exploitation of Eastern Europe.

    When revenues shrink or collapse, McCoy points out, “empires become brittle.”

    “So delicate is their ecology of power that, when things start to go truly wrong, empires regularly unravel with unholy speed: just a year for Portugal, two years for the Soviet Union, eight years for France, 11 years for the Ottomans, 17 for Great Britain, and, in all likelihood, just 27 years for the United States, counting from the crucial year 2003 [when the US invaded Iraq],” he writes.

    The array of tools used for global dominance — wholesale surveillance, the evisceration of civil liberties, including due process, torture, militarised police, the massive prison system, militarised drones and satellites — will be employed against a restive and enraged population.

    The devouring of the carcass of the empire to feed the outsized greed and egos of these scavengers presages a new dark age.

    Chris Hedges is a Pulitzer Prize–winning author and journalist who was a foreign correspondent for 15 years for The New York Times. This article was first published on his Substack page. Republished from the Chris Hedges X page.

    This article was first published on Café Pacific.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Video: President António COSTA and President Ursula von der LEYEN receives Justin TRUDEAU

    Source: European Commission (video statements)

    President von der Leyen and Mr Antonio Costa, President of the European Council, meet with Mr Justin Trudeau, Prime Minister of Canada

    Follow us on:
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    Visit our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=cPNZTirpakE

    MIL OSI Video –

  • MIL-OSI United Nations: ‘Cut the theatrics’: UN climate chief tells COP29 negotiators to focus on solutions as talks enter final week

    Source: United Nations MIL OSI b

    Climate and Environment

    As COP29 climate talks in Baku enter their final week, the UN climate chief told negotiators on Monday to “cut the theatrics,” get down to business and hammer out a new finance deal to compensate countries for climate-driven damages and pay for a clean-energy transition.

    “We can’t lose sight of the forest because we’re tussling over individual trees,” said Simon Stiell, urging delegates to wrap up “less contentious issues” as early as possible this week, so there is enough time for the major political decisions.

    COP29 opened in the Azerbaijan capital this past Monday with the main goal of reaching agreement on scaling up finance to address the worsening impacts of global warming.

    Despite an early breakthrough on standards that will pave the way for a UN-governed carbon market, the talks on climate finance have been slow and contentions, with delegations digging in their heels rather than looking for common ground.

    Time for business, not brinkmanship

    “Bluffing, brinksmanship, and pre-mediated playbooks” are burning up precious time and running down the goodwill needed for an ambitious package, emphasized Mr. Stiell, who is the Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), which convenes the annual COP meetings.

    The stakes are too high for “an outbreak of ‘you-first-ism’…where groups of parties dig in and refuse to move on one issue, until others move elsewhere,” he said and the only way to get the job done is “if Parties are prepared to step forward in parallel, bringing us closer to common ground.”

    Mr. Stiell’s plea comes after UN Secretary-General António Guterres also voiced concern over the state of negotiations at COP29, noting that countries must agree to an ambitious climate finance goal that meets the scale of the challenge faced by developing countries.

    Speaking to reporters in Rio on Sunday ahead of the G20 summit, the UN chief said that “now is the time for leadership by example from the world’s largest economies and emitters. Failure is not an option.”

    Beyond the negotiations, other meetings and high-level events at COP29 touched on a range of topics – from the climate-health nexus to human development and education.

    UN News/Nargiz Shekinskaya

    Catarina from Brazil (left) and Francisco from Columbia (right) call for a UN children’s COP during a UNICEF press conference on youth-led climate action, held at COP29 in Baku

    ‘No decisions about us without us!’ 

    Children and young people also made their voices heard at several lively and well attended events, as they called for protection from the effects of climate change; measures to prevent further destruction of the planet; and stepped-up efforts to preserve nature.

    They urged decision-makers at COP29 to give them a seat at the climate negotiating table and to urgently consider organizing a separate UN climate conference specifically for children.

    According to the UN Children’s Fund (UNICEF), climate change impacts the well-being of nearly 1 billion children – half of the world’s child population. Air pollution, infectious diseases, environmental degradation, and extreme weather events compromise children’s health, hinder their education, and deprive them of the nutrition they need to grow and thrive.

    During heatwaves, young children are at risk of dehydration because their bodies cannot regulate temperature effectively. Floods and droughts impoverish families, leaving children to bear the consequences.

    “Floods force school closures in Liberia, and children miss school,” said Juanita Tamba of the World Association of Girl Guides and Girl Scouts, the world’s largest volunteer movement for the empowerment of girls and young women.

    “And during the dry season, we have to travel long distances to fetch water, and girls often face violence while trying to get water,” she told UN News.

    UNICEF estimates that climate-related disasters cause approximately 40 million children to miss school each year, and the number is rising. 

    Zunaira, from Pakistan, one of the youngest participants in Baku, is attending COP29 with the support of UNICEF.  

    She told UN News: “When there are floods in my country, resources become limited, and there are not enough for everyone. Children, especially girls, are the most affected.”

    Speaking at a UNICEF press conference on youth-led climate action, Rasul, a youth from Azerbaijan highlighted the dire condition of the Caspian Sea. “Due to rising temperatures and prolonged heatwaves, the water level in this amazing body of water is falling,” he said.  

    Baku is situated on the coast of the Caspian, the biggest inland body of water in the world. Rasul observed that the effects on Azerbaijan’s people are becoming more noticeable as the shoreline recedes, particularly the rising temperatures: “Both summer and winter in Azerbaijan are getting warmer.” 

    ‘The future needs a voice!’

    Catarina, a 16-year-old environmental activist from Salvador, Brazil, a city on the Atlantic Ocean, also shared her experiences.  

    A passionate surfer since childhood, she noted: “When I was nine years old, I actually felt the ocean warming. I was constantly in the water and… I realized something was wrong when [it] was much hotter than normal in areas I frequented. Then I noticed coral reefs covered in white spots – coral bleaching was something I had never seen before.”

    Despite her young age, Catarina is an experienced climate activist. When she was just 12 years old, she joined other children in filing a complaint with the Geneva-based UN Committee on the Rights of the Child to protest government inaction on the climate crisis.

    “It was the first time children brought a global complaint through a UN mechanism. We denounced five countries, and as a result, the UN officially recognized that children’s rights are affected by the lack of climate action,” Catarina said.

    In an emotional speech, she emphasized: “Children have things to say, and we know how to say them. We need the space… not at COP30. We need a COP for children right now!”  

    According to Catarina, she was fairly certain that it might be too late to make significant change by the time she started her job or rose to a position of influence.

    “Effective actions must happen now. That’s why children need to be included in the decision-making process. If we are the future, then this future needs to have a voice,” she concluded. 

    UNICEF Executive Director Katherine Russell has echoed Catarina’s sentiments, saying earlier this month: “At COP29 and through Nationally Determined Contributions, governments must prioritize children’s rights,”  

    “Children need to be included in the solutions, and global leaders must make health care, education, water, and sanitation systems more resilient to the impacts of climate change. Now is the time to act.”

    Under the Paris Agreement, countries are required to submit updated national climate action plans, or NDC’s, next year at COP30.  

    In that context, UNICEF has warned that less than half of the current plans are child- or youth-sensitive, and only three percent were developed through participatory processes involving children.

    Against this background, 16-year-old Payton Esau from Canada brought a manifesto to the climate conference, signed by 800 of her peers.  

    “We demand that governments communicate in a language young people can understand so we know what measures are being taken to combat climate change. Governments must act without delay to keep warming below 1.5 degrees Celsius,” Payton told UN News.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News –

  • MIL-OSI Security: Clearland — Missing person: Help the RCMP find Steven Creaser

    Source: Royal Canadian Mounted Police

    Lunenburg County District RCMP is asking for the public’s assistance in locating 28-year-old Steven Creaser who was last seen in Clearland.

    Creaser is described as 5-foot-8 and 130 pounds. He has blonde hair, blue eyes. He is known to wear fisherman rubber boots.

    When someone goes missing, it has deep and far-reaching impacts for the person and those who know them. We ask that people spread the word through social media respectfully.

    Anyone with information on the whereabouts of Steven Creaser is asked to contact the Lunenburg County District RCMP at 902-527-5555. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

    Note: A photo of Steven Creaser is attached.

    MIL Security OSI –

  • MIL-OSI Economics: ADB’s North American Representative Office Celebrates 30 Years of Partnership

    Source: Asia Development Bank

    Transcript

    SUPERS

    ADB logo
    Asian Development Bank
    North American Representative Office
    30 Years of Partnership

    Samuel Tumiwa, NARO Representative:

    [Music] The North American Representative Office was established 30 years ago, in 1995. Our main job is to maintain a strong relationship with the US government and the Canadian government. One of the things that’s become more and more important is that we also share with the people here in the US and Canada what we do in the developing countries in Asia and the Pacific.  

    Alain Borghijs, NARO Deputy Representative:

    It’s crucial that we work closely with our government partners because they guide us on their development policy priorities. I should also mention our close collaboration with other financial institutions based here in DC: the World Bank, Inter-American Development Bank, and International Monetary Fund. Our corporate-level work here complements the on-the-ground collaboration that we have in the developing countries.  

    Scott Morris, Vice-President (East and Southeast Asia, and the Pacific):

    If I look at the US in particular, they have been a key architect of the broader MDB Evolution agenda, which is enabling us as an institution to up our game and provide more resources to these countries. When I look to Canada, I see critical intellectual leadership, particularly in providing us a course to follow on a gender-based strategy.  

    Roberta Casali, Vice-President (Finance and Risk Management):

    Thought leadership and important policy dialogues in the US and Canada have strengthened our innovative finance and balance sheet optimization solutions.  

    Yingming Yang, Vice-President (South, Central and West Asia):

    Both the US and Canada have worked to support telecommunication activities and small businesses. US and Canadian technology and innovation have been essential to our work in Asia and the Pacific.  

    Xinning Jia, Director General of Strategy, Policy, and Partnerships:

    The United States is a founding member of ADB and the co-largest shareholder, promoting excellence in ADB’s strategy and policy direction. Canada is a founding member of ADB, always promoting gender equality. Canada is supporting ADB’s climate finance through the Canadian Climate Fund for the private sector in Asia.  

    Suzanne Gaboury, Director General of Private Sector Operations:

    Both the US and Canada are great supporters of the private sector, which is really important for us. As a consequence, we have many Canadian clients and many US clients that come to visit us in the Philippines. It’s also really important that we come here to North America to visit them in their home countries. Last year, for every dollar that we invested, we mobilized another $2.7. I think that’s remarkable because we need to mobilize capital into the private markets and help capital market development. Part of our job is to be a financial intermediary in these markets.  

    Steve Goldfinch, Senior Disaster Risk Management Specialist:

    NARO provides an important link across ADB’s developing member countries in Asia and the Pacific and the governments of the US and Canada. Partners and organizations such as the World Bank and think tanks based here in DC make DC not only a center of development finance but also of development thinking. From the MDBs headquartered here to the think tanks and policy centers, NARO’s role is really that of a convener, broker, and connector. This is critical in serving ADB’s member countries.  

    Natasha Mooney, NARO Senior External Relations Officer:

    When I think about the theme of partnerships in line with the 30th anniversary, I see that as not just financial partnerships but also knowledge collaboration. We can do more in terms of coming together and convening power, bringing networks together, whether it be academia, civil society, government, private sector, or diaspora communities. I think there’s a lot that we can do in terms of the theme of partnerships, but again, really trying to drive progress on our shared goals within the region. The last 30 years have seen incredible innovation with partnerships between Canada, the US, and the ADB, and we’re really looking forward to seeing what the future holds. 

    MIL OSI Economics –

  • MIL-OSI United Nations: Successful localization of disaster risk reduction efforts in Nepal is supported through well-coordinated UN partners present at the provincial levels, and innovative research partnership

    Source: UNISDR Disaster Risk Reduction

    Nepal is exposed to a range of natural hazards, such as floods, landslides, droughts, and severe weather events including lightning storms. Nepal’s population is very vulnerable to the impacts of climate change as it largely relies on agriculture, tourism and natural resources, with a shift towards services and away from agriculture in recent years. The accelerated melting of the glaciers in the Himalayas increases the risk from related hazards such as glacial lake outburst floods and avalanches. It also impacts the availability of water and hydropower for 2 billion people downstream of major Asian rivers originating in the Himalayas in the longer term. Nepal is further prone to earthquakes as it is located above the collision of the Indian and Eurasian tectonic plates. Environmental sustainability, climate and disaster resilience are a priority of the United Nations Sustainable Development Cooperation Framework 2023-2027 for Nepal, including a focus area on the reduction of vulnerabilities, disaster risk reduction, preparedness and effective response and recovery. The Results Group on Disaster Risk Reduction is co-chaired by WFP and UNDP, who coordinate closely with the Resident Coordinator’s Office and the Humanitarian Country Team. Leaving no-one behind and the localization of sustainable development efforts cut across the four priorities of the Framework and translates into targeting the most vulnerable through household-level data gathering and supporting social protection systems.

    The United Nations organizations are supporting Nepal’s localised approach to resilience building and disaster risk reduction at the federal, provincial, and local levels of government. Close and sustained cooperation at all levels of government since the federalisation in 2017 has led to the creation of disaster risk reduction plans that are implemented with government resources, with the United Nations organizations mainly being requested to provide specialised technical support.

    An innovative system of providing single entry points for government officials is the Provincial Focal Point Agencies concept, which nominates one of the UN organizations present at the provincial level as the focal point to liaise with provincial governments, relay information, convene development partners around the request for support, and hold coordination meetings. The Provincial Focal Point Agencies are supported in their function through a direct line of communication with the UN Resident Coordinator. This concept has already demonstrated its efficiency for disaster risk governance and emergency management. For example, during the beginning of the COVID-19 pandemic when travel restrictions were in place and around 100,000 migrant workers were returning to Nepal at once, the conditions in more than 1,000 quarantine sites were assessed by locally-based development partners. At the request of the Government of Nepal, the Provincial Focal Points Agencies reached out to the partners, trained them on the survey provided by the Government, and the assessment of quarantine sites was completed within two weeks.

    In 2023, the Promoting Action for Disaster Risk Governance and Working to Achieve Preparedness for Risk Reduction through Technical Assistance in Nepal (PARIWARTAN) project concluded. It was implemented by the International Organization for Migration (IOM) in consortium with the National Society for Earthquake Technology – Nepal, Practical Action Consulting, and Lutheran World Federation. It provided technical assistance to the three tiers of government (federal level, 7 provinces, 753 local levels) in implementing the Disaster Risk Reduction and Management Act in a coordinated and inclusive manner. The Disaster Risk Management Localization Manual: An Operational Training Manual for Disaster Risk Management Capacity Building of Local Governments was developed in close coordination with the Government of Nepal. More than 19,900 government officials were trained on disaster risk reduction and management in all 753 local level municipalities that supported strengthening community resilience. The training has spurred local government actions such as the formulation or amendment of legal documents, standards and guidelines to implement disaster preparedness and response activities, the increase of budgets allocated for disaster risk management, the formation of disaster risk management committees, as well as a shift in focus from response to preparedness prioritizing multiple hazards prevalent in the local context.

    Over the last 10 years the United Nations Country Team has built a unique and innovative research partnership with a consortium of universities to provide new forms of evidence to guide disaster risk governance. This consortium, called Sajag-Nepal, includes organisations in Nepal, the UK, Canada, and New Zealand. Working together, the consortium and the Resident Coordinator’s Office have pioneered a new scenario ensemble[1] approach to understanding hazards, enabling risk-informed contingency planning for both the annual monsoon and for infrequent large earthquakes. For earthquakes, the Resident Coordinator’s Office worked with researchers to develop an ensemble of possible impacts in a future earthquake, irrespective of where that earthquake occurs. This ensemble now forms the basis of both cluster contingency plans and provincial preparedness planning. For the monsoon, Sajag-Nepal researchers are using data on past monsoon impacts recorded in the government’s portal to anticipate the possible pattern of impacts in the next monsoon, helping the humanitarian clusters and the National Disaster Risk Reduction and Management Authority (NDRRMA) to develop a more informed preparedness plan. The research has also developed a novel way of anticipating landslide impacts during the monsoon using 14-day rainfall forecasts. The Resident Coordinator’s Office is exploring the use of this approach as a readiness trigger for possible anticipatory action. The project is also using participatory mapping in several landslide-prone areas of Nepal to understand how people move and how their exposure to landslides varies over different time scales – with the ultimate goal of being able to better map the risks that residents face in these communities.

    The Strengthening Urban Preparedness, Earthquake Preparedness and Response in Western Regions of Nepal (SUPER) project is being implemented by a UNDP, UNICEF, UN Women consortium along with local implementing partners across three provinces and four municipalities in Western Nepal. The project works in close coordination with the NDRRMA at the federal level, as well as with provincial and local level decision makers. The project uses the earthquake scenario ensembles that were co-created by the Resident Coordinator’s Office and the Sajag-Nepal team. It enhances and institutionalizes municipal and provincial preparedness for urban and earthquake risks in 3 provinces and 4 municipalities in the western regions of Nepal. It does so by enhancing the understanding of risk, preparedness measures, reducing risk, including through reinforcing building codes and retrofitting practices. The project works with multiple stakeholders at all three federal tiers, including the community, private ector, academia, international governmental organizations, UN organizations, the Nepal Red Cross Society, and international and national non-governmental organizations.

    As the government has ownership of the project and provides it with a budget in its annual plans the sustainability of the work is ensured. The project results are delivered under the leadership of respective government authorities and include impact modelling of potential earthquake scenarios, vulnerability and capacity assessments, strengthening Emergency Operation Centres and capacity building – for example supporting the development of earthquake contingency plans for clusters (such as Health, Protection, Water, Sanitation and Hygiene), which were developed with the leadership of relevant provincial ministries and were referred to extensively during the 2023 Jajarkot earthquake response.

    The SUPER consortium collaborates with the UN Resident Coordinator’s Office, and partners such as WHO, WFP, and IFRC to strengthen humanitarian architecture and cluster mechanisms in provinces, also through the development of cluster contingency plans. This strengthening proved very effective in response to the Jajarkot earthquake in 2023. For example, the implementation of the Health Contingency Plan was endorsed within the same day, and all sectoral information was efficiently relayed by WFP as the Provincial Focal Point Agency. The project has been working towards enabling gender equality, disability and social inclusion mainstreaming in disaster risk reduction through developing a checklist for disaster preparedness, as well as a gender-responsive costing framework for earthquakes and urban flooding, conducting a women’s safety audit together with women-led community-based organizations, and a simulation exercise on resource pooling with gender-responsive considerations.

    UNICEF’s Child-Centred Disaster Risk Reduction Programme emphasizes the importance of disaster and climate risk assessments to take children’s vulnerabilities and special needs into account. This includes raising children’s awareness of hazards and what to do as prevention and preparedness measures and empowering them to act as multipliers within their communities.

    Nepal has a UN Central Emergency Response Fund (CERF) Anticipatory Action pilot framework to provide collective anticipatory humanitarian action to people at risk of predicted severe monsoon flooding with delivery planned through UNFPA, UNICEF, UN Women, WFP and WHO in partnership with the Nepal Red Cross Society (NRCS) and national NGOs and in close collaboration with the federal, provincial and local authorities.

    Also, IOM, jointly with the Ministry of Labour, Employment and Social Security (MoLESS), Tribhuvan University’s Central Department of Population Studies (CDPS) and the National Planning Commission have established a Migration School in 2023, a two-week academic forum to foster collaboration among educational institutions, policymakers and experts on human mobility, including climate and disaster displacement.

    [1] scenario ensembles: estimation of the likelihood and scale of future hazard impacts, determining locations where impacts are most likely to occur, along with the average and worst-case impacts for all locations, so that both emergency relief and disaster risk reduction activities can be prioritized; source: Robinson, T.; Rosser, N.; Densmore, A.; Oven, K.; Shrestha, S.; Guragain, R. (2018) Use of scenario ensembles for deriving seismic risk

    MIL OSI United Nations News –

  • MIL-OSI United Nations: The ‘slow onset, silent killer’: Droughts explained

    Source: United Nations MIL OSI b

    By Daniel Dickinson, Riyadh

    Climate and Environment

    Droughts across the world are intensifying and have become a “slow onset, silent killer” to which no country is immune, according to the UN’s most senior official working on desertification, drought and land restoration issues.

    Ibrahim Thiaw, the Executive Secretary of the UN Convention to Combat Desertification (UNCCD) was speaking at the opening of COP16 a major global conference taking place in Riyadh, Saudi Arabia, where a new global drought regime is expected to be agreed which will promote the shift from reactive relief response to proactive preparedness.

    Here’s what you need to know about droughts.

    Droughts are increasing in regularity and intensity

    Droughts are a natural phenomenon, but in recent decades have been intensified by climate change and unsustainable land practices. Their number has surged by nearly 30 per cent in frequency and intensity since 2000, threatening agriculture, water security, and the livelihoods of 1.8 billion people, with the poorest nations bearing the brunt.

    © World Bank/Arne Hoel

    Water availability is essential to prevent migration in places like western Nigeria.

    They can also lead to conflict over dwindling resources, including water, and the widespread displacement of people as they migrate towards more productive lands.

    No country is immune

    More than 30 countries declared drought emergencies in the past three years alone, from India and China, to high-income nations such as the US, Canada and Spain, as well as Uruguay, Southern Africa and even Indonesia.

    UN News/Daniel Dickinson

    A ship passes through the Panama Canal in Central America.

    Droughts impeded grain transportation in the Rhine River in Europe, disrupted international trade via the Panama Canal in Central America, and led to hydropower cuts in the South America country, Brazil, which depends on water for more than 60 per cent of its electricity supply.

    Firefighters were even called to an urban park in New York City, in the United States in wintry November 2024 to tackle a bush fire after weeks of no rainfall.

    “Droughts have expanded into new territories. No country is immune,” said UNCCD’s Ibrahim Thiaw adding that “by 2050, three in four people globally, up to seven and half billion people, will feel the impact of drought.”

    Domino effects

    Droughts are rarely confined to a specific place and time and are not simply due to a lack of rainfall but are often the result of a complicated set of events driven or amplified by climate change, as well as sometimes the mismanagement of land.

    For example, a hillside which is deforested is immediately degraded. The land will lose its resilience to extreme weather and will become more susceptible to both drought and flooding.

    And, once they strike, they can trigger a series of cataclysmic domino effects, supercharging heat waves and even floods, multiplying the risks to people’ s lives and livelihoods with long-lasting human, social and economic costs.

    As communities, economies, and ecosystems suffer the damaging effects of drought, their vulnerability is increased to the next one, feeding a vicious cycle of land degradation and underdevelopment.

    Drought is a development and a security issue

    Around 70 per cent of the world’s available freshwater is in the hands of people living off the land, most of them subsistence farmers in low-income countries with limited livelihood alternatives. Around 2.5 billion of them are youth.

    Without water there is no food and no land-based jobs, which can lead to forced migration, instability, and conflict.

    “Drought is not merely an environmental matter,” said Andrea Meza, UNCCD Deputy Executive Secretary. “Drought is a development and human security matter that we must urgently tackle from across all sectors and governance levels.”

    Planning for greater resilience      

    Droughts are also becoming harsher and faster due to human-induced climate change as well as land mismanagement and typically the global response to it is still reactive. More planning and adaption is required to build resilience to the extreme conditions created by dwindling supplies of water and this often happens at a local level.

    UN Haiti/Daniel Dickinson

    A beekeeper collects honey in southern Haiti.

    In Zimbabwe a youth-led grass-roots organization is aiming to regenerate land by planting one billion trees across the southern African country, while more farmers on the Caribbean island of Haiti are taking to bee-keeping; Bees feed off the trees, so there is an incentive for bee keepers to protect the trees from being cut down. In Mali, a young woman entrepreneur, is creating livelihoods and building resilience to drought by promoting the products of the moringa tree.

    Experts say proactive initiatives like these can prevent immense human suffering and is far cheaper than interventions focused on response and recovery.

    What next?

    At COP16 countries are coming together to agree how to collectively tackle worsening droughts and promote sustainable land management.

    Two key pieces of research were launched on the opening day.

    The World Drought Atlas depicts the systemic nature of drought risks illustrating how they are interconnected across sectors like energy, agriculture, river transport, and international trade and how they can trigger cascading effects, fueling inequalities and conflicts and threatening public health.

    The Drought Resilience Observatory is an AI-driven data platform for drought resilience created by the International Drought Resilience Alliance (IDRA), a UNCCD-hosted coalition of more than 70 countries and organizations committed to drought action.

    How much is it going to cost?

    One UN estimate suggests that investments totalling $2.6 trillion will be needed by 2030 to restore land across the world which is affected by drought and poor management.

    At COP16 an initial pledge of $2.15 billion was announced to finance the Riyadh Global Drought Resilience Partnership.

    It will serve as a global facilitator for drought resilience, promoting the shift from reactive relief response to proactive preparedness,” said Dr Osama Faqeeha, Deputy Minister for Environment, Ministry of Environment, Water and Agriculture of Saudia Arabia, adding that “we also seek to amplify global resources to save lives and livelihoods around the world.”

    MIL OSI United Nations News –

  • MIL-OSI Australia: Sydney Airport lands Hong Kong Airlines with daily non-stop flights

    Source: Sydney Airport

    Wednesday 12 February 2025

    • Hong Kong Airlines service to Sydney to launch on 20 June 2025
    • Daily service will boost seat capacity to Hong Kong by 20 percent
    • Cements Hong Kong as Sydney Airport’s 3rd busiest route after Singapore and Auckland

    Sydney Airport is set to welcome its second Hong-Kong based carrier, with Hong Kong Airlines to launch its inaugural daily service between Hong Kong and Sydney on 20 June 2025.

    This new service increases daily flights between the two cities from five to six and boosts seat capacity on the route by nearly 20 percent, giving passengers more choice and convenience than ever before.

    The arrival of Hong Kong Airlines follows the recent expansion of bilateral air traffic rights between Hong Kong and Australia, the first in nearly two decades. The expansion of traffic rights highlights the demand for travel on the already popular Hong Kong-Sydney route, further supported by Hong Kong International Airport’s increased capacity with its new third runway, which can now cater for 120 million passengers annually.

    The historic connection between Sydney and Hong Kong dates back 75 years to 1949, when Qantas first launched a charter service on this route. Today, it remains one of Sydney Airport’s busiest, with more than 850,000 passengers flying between the two cities in 2024 — 72% of pre-COVID levels — maintaining Hong Kong’s rank as Sydney’s third-busiest city route after Singapore and Auckland.

    The arrival of Hong Kong Airlines increases the number of carriers operating at Sydney Airport to a record 52, with Sydney Airport set to be the airline’s first capital city destination in Australia.

    Sydney Airport CEO Scott Charlton said: “The arrival of Hong Kong Airlines marks an important new chapter for Sydney Airport and strengthens the long-standing connection between Sydney and Hong Kong. This new daily service not only increases capacity but also provides passengers with more choice to explore one of Asia’s most vibrant cities.

    “The arrival of Hong Kong Airlines will enhance opportunities for trade, tourism, and cultural exchange between Sydney and Hong Kong, delivering significant economic benefits to New South Wales, and Australia.

    “The support of the NSW Government and Destination NSW was critical in securing this new service and it’s a great example of how our strong and productive partnership is delivering for Sydney and NSW.

    “I would also like to thank and recognise the Albanese Government for their recent work in delivering the expansion of bilateral air traffic rights between Hong Kong and Australia. The new services announced today are a direct consequence of these efforts and will boost trade, economic growth, and job creation.”

    Hong Kong Airlines Chairman Mr Yan Bo said: “This is an important milestone for Hong Kong Airlines. In the past, we only operated flights to the Gold Coast and Cairns in Australia, offering passengers access to popular tourist hotspots in Queensland.

    “Now, we are honoured to extend our reach to Sydney, the country’s most iconic city. This new route will enable us to serve a broader range of international travellers and is also a testament to the efforts of the two governments to actively support more bilateral air traffic rights.

    “We are committed to providing passengers with high-quality services and competitive prices, ensuring they have more diverse and convenient options for their travel plans.”

    Hong Kong Airlines President Mr Jeff Sun said: “The three-runway system at Hong Kong International Airport has increased the capacity for additional flights, and with the support of the two governments and related organisations, we are delighted to become the second Hong Kong-based airline to operate in Sydney.

    “This new service will promote tourism, economic and cultural ties between Hong Kong and Australia. Sydney and Hong Kong have a rich shared history in aviation, and we are proud to be a part of this new chapter. Not only will it bring convenience to travellers, but it will also serve as a bridge connecting with our extensive mainland Chinese network.”

    The Hon. Catherine King MP, Minister for Infrastructure, Transport, Regional Development and Local Government, said: ““Since coming to government, we’ve landed a record number of air services agreements with over a dozen international markets, including Hong Kong, Canada, Malaysia, Chile, Turkiye, Vietnam, and Sri Lanka.

    “We’re so pleased to see Sydney Airport leveraging Australia’s new bilateral air agreements – with Turkiye since November and now with Hong Kong.

    “The Australian Government is working to expand our international aviation network, because more flights means more competition, more choice, and a better experience for Australian travellers.”

    The Hon. John Graham MLC, NSW Minister for Jobs and Tourism, said: “We are very excited to welcome Hong Kong Airlines to Sydney Airport.

    “The NSW Government is working to grow our visitor economy and boosting aviation capacity to key markets like Hong Kong will be critical in achieving that growth.

    “Hong Kong is a priority international market for Sydney, with incoming travellers contributing $290 million to the NSW visitor economy over the last year.”

    Tourism Australia Managing Director Phillipa Harrison said: “We welcome the arrival of Hong Kong Airlines which will further boost seat capacity between Hong Kong and Australia.

    “When the new direct services begin in June it will be easier than ever before for Hong Kong business and leisure travellers to visit Australia. We hope these daily services will help to drive increased visitation, providing a further boost to our visitor economy.”

    Schedule information

    Flight Number Origin/Destination Departure/Arrival (Local)
    HX17 HKG-SYD 22:25 – 09:50+1
    HX18 SYD-HKG 11:30 – 18:50

    MIL OSI News –

  • MIL-OSI: The Keg Royalties Income Fund announces February 2025 cash distribution

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its February 2025 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at February 21, 2025. The February 2025 distribution will be paid on February 28, 2025.

    The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool.

    With approximately 10,000 employees, over 100 restaurants and annual system sales exceeding $700 million, Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL continues to operate The Keg restaurant system and expand that system through the addition of both corporate and franchised Keg steakhouses. KRL has been named the number one restaurant company to work for in Canada in the latest edition of Forbes “Canada’s Best Employers 2025” survey.

    The MIL Network –

  • MIL-OSI United Nations: It’s official: January was the warmest on record

    Source: United Nations MIL OSI

    Climate and Environment

    The world has just experienced the hottest January ever recorded, the World Meteorological Organization (WMO) said on Thursday, citing data crunched by UN partner the Copernicus Climate Service

    Last month was 1.75 degrees Celsius above the pre-industrial level and 0.79°C above the 1991-2020 average, despite expectations that the La Nina weather phenomenon might bring cooler temperatures.

    In 2015, the international community agreed to try to limit average global temperature rise to 1.5°C above pre-industrial levels.

    Surprise data

    The January data was “surprising” even to climate change experts at Copernicus, the European climate change service, which noted that it was the 18th month in the last 19 where the global-average surface air temperature was more than 1.5°C above the pre-industrial level.

    “January 2025 is another surprising month, continuing the record temperatures observed throughout the last two years, despite the development of La Niña conditions in the tropical Pacific and their temporary cooling effect on global temperatures,” said Samantha Burgess, Copernicus Strategic Lead for Climate.

    For many in the northern hemisphere January 2025 will be remembered by “wetter-than-average conditions” over western Europe, as well as parts of Italy, Scandinavia and the Baltic countries, Copernicus said, highlighting “heavy precipitation” and flooding in some regions.

    Regional variations

    On the other hand, drier than average conditions were recorded in the northern UK and Ireland, eastern Spain and north of the Black Sea.

    Beyond Europe, it was wetter than average in Alaska, Canada, central and eastern Russia, eastern Australia, southeastern Africa, and southern Brazil, with regions experiencing floods and associated damage.

    But drier-than-average conditions took hold in southwestern United States and northern Mexico, northern Africa, the Middle East, across Central Asia and in eastern China as well as in much of southern Africa, southern South America and Australia.

    Global temperature rise is primarily attributed to humans burning fossil fuels which have led to record concentrations of greenhouse gases in the atmosphere. Other factors are also key, including deforestation. 

    MIL OSI United Nations News –

  • MIL-OSI: Prairie Provident Announces up to $9.1 Million Brokered Equity Financing with $7.35 Million in Lead Orders and Basal Quartz Horizontal Drilling Program

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    CALGARY, Alberta, Feb. 11, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX:PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has entered into an agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents including Haywood Securities Inc. (collectively, the “Agents”), for a brokered “best efforts” equity financing for aggregate gross proceeds of up to approximately $9,100,000, comprised of:

    (a) an offering up to 96,470,589 units of the Company (“Units”) at a price of $0.0425 per Unit for gross proceeds of up to $4,100,000, on a prospectus-exempt basis pursuant to the ‘listed issuer financing exemption’ (LIFE) under applicable Canadian securities laws (the “LIFE Offering”), with (i) each Unit consisting of one common share of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”), and (ii) each Warrant to entitle the holder to subscribe for and purchase one Common Share at an exercise price of $0.05 for a period of 36 months following closing; and

    (b) a private placement of up to 117,647,059 Common Shares at a price of $0.0425 per Common Share for gross proceeds of up to $5,000,000, pursuant to available exemptions from the prospectus requirements of applicable Canadian securities laws (the “Private Placement” and, together with the LIFE Offering, the “Offerings”). Warrants will not be issued to purchasers under the Private Placement.

    The Company’s principal and largest shareholder, PCEP Canadian Holdco LLC (“PCEP”), along with certain directors and officers of the Company, have indicated an intention to participate in the Offerings in an aggregate amount of approximately $7,350,000 (collectively, the “Lead Orders”). It is expected that the Private Placement will be fully subscribed through the Lead Orders, and that the balance of the Lead Orders not fulfilled under the Private Placement will be fulfilled under the LIFE Offering. All subscriptions on account of Lead Orders will be subject to insider participation limits under applicable Toronto Stock Exchange (“TSX”) rules.

    Prairie Provident intends to use the net proceeds from the Offerings to drill two additional Basal Quartz horizontal wells in the first quarter of 2025 and for working capital and general corporate purposes, including expenses related to the Offerings. Including the above two Basal Quartz horizontal wells, the Company anticipates drilling a total of three Basal Quartz horizontal wells in the first quarter of 2025.

    Prairie Provident’s Basal Quartz Play in Michichi: A Unique Publicly Traded BQ Junior

    Prairie Provident has established its Basal Quartz (“BQ”) play in the Michichi core area as a significant growth driver, supported by robust well economics, an extensive drilling inventory, and strategic infrastructure. In December 2024, Prairie Provident reported strong initial results from its first two BQ wells, effectively proving the play concept. The first horizontal well achieved an IP30 (initial 30-day average production) rate of approximately 415 boe/d (66% liquids)1 and the second delivered an IP21 (initial 21-day average production) rate of approximately 375 boe/d (64% liquids).2 Continued production in the weeks following has yielded IP60 (initial 60-day average production) rates of approximately 333 boe/d (66% liquids)3 and approximately 305 boe/d (62% liquids)4, respectively. A focus on operational efficiency brought both wells on-stream within 25 days of their respective spud dates.

    Prairie Provident has a Michichi-area land position of approximately 153,000 net acres (239 net sections) on which it has identified over 40 horizontal BQ drilling opportunities, providing ample room for growth. None of the Company’s BQ drilling opportunities are booked locations to which any reserves were attributed in the most recent independent evaluation of Prairie Provident’s reserves data, effective December 31, 2023, by Sproule Associates Limited.

    Activity in the BQ play is primarily led by private operators. Prairie Provident has a unique position as the only publicly-traded company actively drilling in this play.

    Basal Quartz: A Top-Tier Play in the WCSB

    The BQ fairway, extending from Brooks to Drumheller (Michichi) in central Alberta, has rapidly become, in the Company’s view, one of the premier oil-producing plays in the Western Canadian Sedimentary Basin (WCSB). The availability of extensive 2D and 3D seismic data, along with legacy vertical wells penetrating the Mannville group, has significantly de-risked this play. Modern horizontal drilling techniques combined with enhanced frac completion designs have unlocked substantial economic potential, making the BQ competitive with other leading plays in the WCSB, including the Montney and Clearwater. Publicly-available industry data indicates that production along the BQ trend has surpassed 40,000 boe/d (77% liquids), with operators having drilled over 100 horizontal wells in 2024 alone, further de-risking the play. Offset competitor wells in analogous zones have demonstrated peak production rates exceeding 1,200 bbl/d, further validating the play’s potential.

    Basal Quartz Well Economics: High Returns, Quick Payouts

    The Company estimates that the average drill, complete, equip, and tie-in cost for a single BQ horizontal well in Michichi is approximately $3.5 million. The BQ play offers attractive returns and payouts, making it, in the Company’s view, one of the most competitive plays in the WCSB. Based on internal estimates, the Company’s BQ wells have the potential to deliver impressive internal rates of return (“IRRs”) greater than 300% (based on WTI US$70/bbl and AECO C$3.00/mcf) with payout periods of approximately eight months or less.

    Strategic Land Base with Multi-Year Inventory

    Prairie Provident holds a strategic and concentrated approximately 153,000 net acre (239 net sections) land base in Michichi and with multi-zone potential. In addition to the BQ, the acreage offers development opportunities in the Banff and other formations. With over 40 identified BQ drilling opportunities, Prairie Provident has the scalability to support long-term growth, benefiting from the de-risked nature of its lands due to offsetting competitor activity.

    Company-Owned Infrastructure and Significant Tax Pool Coverage

    Prairie Provident benefits from a combination of legacy and third-party infrastructure in the Michichi area, providing advantageous egress solutions. The Company owns two oil batteries (one LACT-connected) and two gas plants with a combined inlet capacity of 10 MMscf/d. Year-round access, existing surface leases and on-site facilities combine to facilitate cost-efficient operations with reduced downtime, supporting Prairie Provident’s development strategy.

    Prairie Provident has significant tax pool coverage with approximately $590 million in tax pools, including approximately $330 million of non-capital losses.

    Additional Financing Details

    The Agents will be granted an option to increase the size of the LIFE Offering by up to an additional 14,470,589 Units (up to $615,000), exercisable in whole or in part up to two business days before closing.

    Closing of the Offerings is expected to occur on or about February 24, 2025, or such other date or dates as Prairie Provident and the Agents may agree, and is subject to certain conditions including receipt by Prairie Provident of all necessary approvals from the TSX.

    The LIFE Offering will be made in accordance with the ‘listed issuer financing exemption’ in Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), to purchasers in any province of Canada, except Québec. The Units issued and sold under the LIFE Offering will not be subject to a ‘hold period’ pursuant to applicable Canadian securities laws.

    There is an offering document related to the LIFE Offering that can be accessed under the Company’s issuer profile at www.sedarplus.ca and on the Company’s website at www.ppr.ca. Prospective investors should read this offering document before making an investment decision.

    The Private Placement will be made in reliance on available exemptions from the prospectus requirements of applicable Canadian securities laws, and the Common Shares issued and sold thereunder will subject to a hold period of four months and one day from the date of issuance.

    In consideration for their services, the Agents will receive a cash commission of 8.0% of the aggregate gross proceeds of the Offerings (reduced for Lead Orders) and non-transferable broker warrants equal to 8.0% of the total number of Units sold under the LIFE Offering (except for Lead Orders). Each broker warrant will entitle the holder to purchase one Unit at an exercise price of $0.0425 per Unit for a period of 36 months following closing.

    This news release does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of, any securities in the United States or to or for the account or benefit of U.S. persons or persons in the United States, or in any other jurisdiction in which, or to or for the account or benefit of any other person to whom, any such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or the securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons or persons in the United States except in compliance with, or pursuant to an available exemption from, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. “United States” and “U.S. person” have the meanings ascribed to them in Regulation S under the U.S. Securities Act.

    ABOUT PRAIRIE PROVIDENT

    Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta.

    For further information, please contact:

    Prairie Provident Resources Inc.
    Dale Miller, Executive Chairman
    Phone: (403) 292-8150
    Email: info@ppr.ca

    Forward-Looking Information

    This news release contains certain statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future performance, events or circumstances, are based upon internal assumptions, plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results or events to differ materially from those indicated or suggested therein. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “budget”, “forecast”, “target”, “estimate”, “propose”, “potential”, “project”, “seek”, “continue”, “may”, “will”, “should” or similar words suggesting future outcomes or events or statements regarding an outlook.

    Without limiting the foregoing, this news release contains forward-looking statements pertaining to: Basal Quartz drilling opportunities, including estimated payout periods on potential Basal Quartz wells; completion of the Offerings; the expected closing date of the Offerings; the successful completion of the Lead Orders; the intended use of proceeds from the Offerings; and the intended number of Basal Quartz wells that are anticipated to be drilled by the Company in the first quarter of 2025.

    Forward-looking statements are based on a number of material factors, expectations or assumptions of Prairie Provident which have been used to develop such statements, but which may prove to be incorrect. Although the Company believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements, which are inherently uncertain and depend upon the accuracy of such expectations and assumptions. Prairie Provident can give no assurance that the forward-looking statements contained herein will prove to be correct or that the expectations and assumptions upon which they are based will occur or be realized. Actual results or events will differ, and the differences may be material and adverse to the Company. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from drilling and development activities; consistency with past operations; the quality of the reservoirs in which Prairie Provident operates and continued performance from existing wells (including with respect to production profile, decline rate and product type mix); the continued and timely development of infrastructure in areas of new production; the accuracy of the estimates of Prairie Provident’s reserves volumes; future commodity prices; future operating and other costs; future USD/CAD exchange rates; future interest rates; continued availability of external financing and internally generated cash flow to fund Prairie Provident’s current and future plans and expenditures, with external financing on acceptable terms; the impact of competition; the general stability of the economic and political environment in which Prairie Provident operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Prairie Provident to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which Prairie Provident has an interest in to operate the field in a safe, efficient and effective manner; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and expansion and the ability of Prairie Provident to secure adequate product transportation; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Prairie Provident operates; and the ability of Prairie Provident to successfully market its oil and natural gas production.

    The forward-looking statements included in this news release are not guarantees of future performance or promises of future outcomes and should not be relied upon. Such statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward- looking statements including, without limitation: reduced access to external debt financing; higher interest costs or other restrictive terms of debt financing; changes in realized commodity prices; changes in the demand for or supply of Prairie Provident’s products; the early stage of development of some of the evaluated areas and zones; the potential for variation in the quality of the geologic formations targeted by Prairie Provident’s operations; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; the imposition of any tariffs or other restrictive trade measures or countermeasures affecting trade between Canada and the United States; changes in development plans of Prairie Provident or by third party operators; increased debt levels or debt service requirements; inaccurate estimation of Prairie Provident’s oil and reserves volumes; limited, unfavourable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and such other risks as may be detailed from time-to-time in Prairie Provident’s public disclosure documents (including, without limitation, those risks identified in this news release and Prairie Provident’s current Annual Information Form dated April 1, 2024 as filed with Canadian securities regulators and available from the SEDAR+ website (www.sedarplus.ca) under Prairie Provident’s issuer profile).

    The forward-looking statements contained in this news release speak only as of the date of this news release, and Prairie Provident assumes no obligation to publicly update or revise them to reflect new events or circumstances, or otherwise, except as may be required pursuant to applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    Oil and Gas Reader Advisories

    Barrels of Oil Equivalent

    The oil and natural gas industry commonly expresses production volumes and reserves on a “barrel of oil equivalent” basis (“boe”) whereby natural gas volumes are converted at the ratio of six thousand cubic feet to one barrel of oil. The intention is to sum oil and natural gas measurement units into one basis for improved analysis of results and comparisons with other industry participants. A boe conversion ratio of six thousand cubic feet to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip. It does not represent a value equivalency at the wellhead nor at the plant gate, which is where Prairie Provident sells its production volumes. Boe’s may therefore be a misleading measure, particularly if used in isolation. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency ratio of 6:1, utilizing a 6:1 conversion ratio may be misleading as an indication of value.

    Analogous Information

    Information in this news release regarding initial production rates from offset wells drilled by other industry participants located in geographical proximity to the Company’s lands may constitute “analogous information” within the meaning of National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101). This information is derived from publicly available information sources (as at the date of this news release) that Prairie Provident believes (but cannot confirm) to be independent in nature. The Company is unable to confirm that the information was prepared by a qualified reserves evaluator or auditor within the meaning of NI 51-101, or in accordance with the Canadian Oil and Gas Evaluation (COGE) Handbook. Although the Company believes that this information regarding geographically proximate wells helps management understand and define reservoir characteristics of lands in which Prairie Provident has an interest, the data relied upon by the Company may be inaccurate or erroneous, may not in fact be indicative or otherwise analogous to the Company’s land holdings, and may not be representative of actual results from wells that may be drilled or completed by the Company in the future.

    Potential Drilling Opportunities vs Booked Locations

    This news release refers to potential drilling opportunities and booked locations. Unless otherwise indicated, references to booked locations in this news release are references to proved drilling locations or probable drilling locations, being locations to which Sproule Associated Limited (Sproule) attributed proved or probable reserves in its most recent year-end evaluation of Prairie Provident’s reserves data, effective December 31, 2023. Sproule’s year‑end evaluation was in accordance with NI 51-101 and, pursuant thereto, the COGE Handbook. References in this news release to potential drilling opportunities are references to locations for which there are no attributed reserves or resources, but which the Company internally estimates can be drilled based on current land holdings, industry practice regarding well density, and internal review of geologic, geophysical, seismic, engineering, production and resource information. There is no certainty that the Company will drill any particular locations, or that drilling activity on any locations will result in additional reserves, resources or production. Locations on which Prairie Provident in fact drills wells will ultimately depend upon the availability of capital, regulatory approvals, seasonal restrictions, commodity prices, costs, actual drilling results, additional reservoir information and other factors. There is a higher level of risk associated with locations that are potential drilling opportunities and not booked locations. Prairie Provident generally has less information about reservoir characteristics associated with locations that are potential drilling opportunities and, accordingly, there is greater uncertainty whether wells will ultimately be drilled in such locations and, if drilled, whether they will result in additional reserves, resources or production.

    Type Well Information

    Information contained in this news release regarding estimated payout periods and internal rate of return (IRR) on potential Basal Quartz wells is based on the Company’s internally-defined type wells. Type well information reflects Prairie Provident’s expectations and experience in relation to wells of the indicated types, including with respect to costs, production and decline rates. There is no assurance that actual well-related results (including payout periods and IRR) will be in accordance with those suggested by the type well information. Actual results will differ, and the difference may be material.

    Payout

    Prairie Provident considers payout on a well to be achieved when future net revenue from the well is equal to the capital costs to drill, complete, equip and tie-in the well based on project economics. Forecasted payout periods disclosed in this news release are based on the following commodity price and CAD/USD exchange rate assumptions: USD $70.00/bbl WTI, CAD $3.00/Mcf AECO, CAD $1.35-to-USD $1.00.

    Initial Production Rates

    This news release discloses initial production rates for certain wells as indicated. Initial production rates are not necessarily indicative of long-term well or reservoir performance or of ultimate recovery. Actual results will differ from those realized during an initial short-term production period, and the difference may be material.

    Non-GAAP Measures

    This news release uses the financial measure internal rate of return (IRR). IRR is a non-GAAP financial measure within the meaning of applicable Canadian securities laws , which does not have a standardized or prescribed meaning under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures presented by other issuers. Investors are cautioned that non-GAAP measures should not be construed as a substitute or an alternative to net income or cash flows from operating activities as determined in accordance with IFRS. IRR is a measure used in financial analysis to estimate the profitability of potential investments and/or projects, and means the discount rate that makes the net present value equal to zero in a discounted cash flow analysis.

    1 Comprised of approximately 275 bbl/d of medium crude oil and 850 Mcf/d of conventional natural gas.

    2 Comprised of approximately 240 bbl/d of medium crude oil and 800 Mcf/d of conventional natural gas.

    3 Comprised of approximately 221 bbl/d of medium crude oil and 674 Mcf/d of conventional natural gas.

    4 Comprised of approximately 189 bbl/d of medium crude oil and 697 Mcf/d of conventional natural gas.

    The MIL Network –

  • MIL-Evening Report: Nobody wants to talk about AI safety. Instead they cling to 5 comforting myths

    Source: The Conversation (Au and NZ) – By Paul Salmon, Professor of Human Factors, University of the Sunshine Coast

    Google Deepmind / Unsplash

    This week, France hosted an AI Action Summit in Paris to discuss burning questions around artificial intelligence (AI), such as how people can trust AI technologies and how the world can govern them.

    Sixty countries, including France, China, India, Japan, Australia and Canada, signed a declaration for “inclusive and sustainable” AI. The United Kingdom and United States notably refused to sign, with the UK saying the statement failed to address global governance and national security adequately, and US Vice President JD Vance criticising Europe’s “excessive regulation” of AI.

    Critics say the summit sidelined safety concerns in favour of discussing commercial opportunities.

    Last week, I attended the inaugural AI safety conference held by the International Association for Safe & Ethical AI, also in Paris, where I heard talks by AI luminaries Geoffrey Hinton, Yoshua Bengio, Anca Dragan, Margaret Mitchell, Max Tegmark, Kate Crawford, Joseph Stiglitz and Stuart Russell.

    As I listened, I realised the disregard for AI safety concerns among governments and the public rests on a handful of comforting myths about AI that are no longer true – if they ever were.

    1: Artificial general intelligence isn’t just science fiction

    The most severe concerns about AI – that it could pose a threat to human existence – typically involve so-called artificial general intelligence (AGI). In theory, AGI will be far more advanced than current systems.

    AGI systems will be able to learn, evolve and modify their own capabilities. They will be able to undertake tasks beyond those for which they were originally designed, and eventually surpass human intelligence.

    AGI does not exist yet, and it is not certain it will ever be developed. Critics often dismiss AGI as something that belongs only in science fiction movies. As a result, the most critical risks are not taken seriously by some and are seen as fanciful by others.

    However, many experts believe we are close to achieving AGI. Developers have suggested that, for the first time, they know what technical tasks are required to achieve the goal.

    AGI will not stay solely in sci-fi forever. It will eventually be with us, and likely sooner than we think.

    2: We already need to worry about current AI technologies

    Given the most severe risks are often discussed in relation to AGI, there is often a misplaced belief we do not need to worry too much about the risks associated with contemporary “narrow” AI.

    However, current AI technologies are already causing significant harm to humans and society. This includes through obvious mechanisms such as fatal road and aviation crashes, warfare, cyber incidents, and even encouraging suicide.

    AI systems have also caused harm in more oblique ways, such as election interference, the replacement of human work, biased decision-making, deepfakes, and disinformation and misinformation.

    According to MIT’s AI Incident Tracker, the harms caused by current AI technologies are on the rise. There is a critical need to manage current AI technologies as well as those that might appear in future.

    3: Contemporary AI technologies are ‘smarter’ than we think

    A third myth is that current AI technologies are not actually that clever and hence are easy to control. This myth is most often seen when discussing the large language models (LLMs) behind chatbots such as ChatGPT, Claude and Gemini.

    There is plenty of debate about exactly how to define intelligence and whether AI technologies truly are intelligent, but for practical purposes these are distracting side issues.
    It is enough that AI systems behave in unexpected ways and create unforeseen risks.

    Several AI chatbots appear to display surprising behaviours, such as attempts at ‘scheming’ to ensure their own preservation.
    Apollo Research

    For example, existing AI technologies have been found to engage in behaviours that most people would not expect from non-intelligent entities. These include deceit, collusion, hacking, and even acting to ensure their own preservation.

    Whether these behaviours are evidence of intelligence is a moot point. The behaviours may cause harm to humans either way.

    What matters is that we have the controls in place to prevent harmful behaviour. The idea that “AI is dumb” isn’t helping anyone.

    4: Regulation alone is not enough

    Many people concerned about AI safety have advocated for AI safety regulations.

    Last year the European Union’s AI Act, representing the world’s first AI law, was widely praised. It built on already established AI safety principles to provide guidance around AI safety and risk.

    While regulation is crucial, it is not all that’s required to ensure AI is safe and beneficial. Regulation is only part of a complex network of controls required to keep AI safe.

    These controls will also include codes of practice, standards, research, education and training, performance measurement and evaluation, procedures, security and privacy controls, incident reporting and learning systems, and more. The EU AI act is a step in the right direction, but a huge amount of work is still required to develop the appropriate mechanisms required to ensure it works.

    5: It’s not just about the AI

    The fifth and perhaps most entrenched myth centres around the idea that AI technologies themselves create risk.

    AI technologies form one component of a broader “sociotechnical” system. There are many other essential components: humans, other technologies, data, artefacts, organisations, procedures and so on.

    Safety depends on the behaviour of all these components and their interactions. This “systems thinking” philosophy demands a different approach to AI safety.

    Instead of controlling the behaviour of individual components of the system, we need to manage interactions and emergent properties.

    With AI agents on the rise – AI systems with more autonomy and the ability to carry out more tasks – the interactions between different AI technologies will become increasingly important.

    At present, there has been little work examining these interactions and the risks that could arise in the broader sociotechnical system in which AI technologies are deployed. AI safety controls are required for all interactions within the system, not just the AI technologies themselves.

    AI safety is arguably one of the most important challenges our societies face. To get anywhere in addressing it, we will need a shared understanding of what the risks really are.

    Paul Salmon receives funding from the Australian Research Council.

    – ref. Nobody wants to talk about AI safety. Instead they cling to 5 comforting myths – https://theconversation.com/nobody-wants-to-talk-about-ai-safety-instead-they-cling-to-5-comforting-myths-249489

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Nations: Human rights expert welcomes clemency for Indigenous activist Leonard Peltier

    Source: United Nations MIL OSI

    Human Rights

    The UN independent expert on the rights of Indigenous Peoples on Thursday welcomed the decision by outgoing US President Joe Biden to grant clemency to Leonard Peltier, an Indigenous leader who has spent nearly 50 years in prison under controversial circumstances.

    The Executive Grant of Clemency, signed on Sunday just hours before Mr. Biden left office, commutes Mr. Peltier’s life sentences to home confinement, allowing him to receive proper medical care and reconnect with his community, the Special Rapporteur said in a statement.

    The Human Rights Council-appointed expert Albert Barume praised the decision, describing it as “an important gesture by the United States toward the country’s Indigenous Peoples”.

    Decades of advocacy

    Mr. Peltier is a member of the Chippewa and Lakota Nations, who was convicted of murder in 1977, in connection with the deaths of two FBI agents during a confrontation with Indigenous activists at Pine Ridge reservation. He received two life sentences following his trial after being extradited to the US from Canada in December 1976.

    “Over the years, Mr. Peltier has maintained his innocence, and concerns have been raised about the fairness of his trial and about his legal representation,” the Special Rapporteur said.

    His trial raised serious concerns about due process, with international human rights bodies, including the UN Working Group on Arbitrary Detention, calling for his release.

    In its 2022 findings, the UN Working Group determined that Mr. Peltier’s detention constituted arbitrary imprisonment.

    Previous UN Special Rapporteurs, including a 2012 report on Indigenous rights in the US, had called for clemency for Mr. Peltier, framing his case as emblematic of the systemic injustices faced by Native Americans.

    “Mr. Peltier has also suffered from serious health conditions, which prison authorities have been unable to properly address,” Mr. Barume noted.

    Step toward reconciliation

    “Although this clemency cannot restore the decades of life he has lost, it provides an opportunity for him to receive proper medical care and reconnect with his People,” said the independent expert.

    Mr. Barume underscored that while the clemency decision does not absolve Mr. Peltier’s conviction, it represents a critical acknowledgment of past wrongs.

    “States have a duty to ensure due process for all defendants at every stage of criminal proceedings, including parole hearings, as required by international law”, he said.

    The decision also aligns with broader calls for reconciliation with Indigenous Peoples in the US, including addressing historical injustices such as forced removals, cultural erasure and disproportionate incarceration rates.

    Mr. Peltier’s early life reflects this history: forcibly removed from his family at age nine and placed in a government-run boarding school, he endured the systemic severance of Indigenous children from their culture.

    His case has since become a symbol of the need for justice and reconciliation.

    Looking ahead

    While Mr. Peltier’s clemency has been celebrated by advocates, it also underscores the need for continued reforms to ensure fairness and equity in the US justice system.

    The decision “highlights the importance of addressing systemic issues within the criminal justice system, ensuring that all individuals, regardless of their background, are afforded their fundamental rights”, Mr. Barume affirmed.

    As Mr. Peltier transitions to home confinement, the Special Rapporteur called for the clemency decision to be a turning point in efforts to address historical and ongoing injustices.

    Special Rapporteurs and other independent rights experts are not UN staff, receive no salary and are independent of any government or organization.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Haiti: ‘I was deported to a country I never lived in’

    Source: United Nations MIL OSI

    By Antoine Lemonnier in Haiti

    Human Rights

    Migrants who have been deported from the Dominican Republic to Haiti – the two Caribbean nations that share the island of Hispaniola – have been talking to the UN about the challenges of returning to a crisis-ridden country they barely know.

    Mireille

    Pregnant and exhausted and clutching a small bag with all that was left of her belongings, Mireille* stood under the relentless Haitian sun, not sure what to do next.

    She had just been deported from the Dominican Republic, a country she had called home since she was eight years old.

    Over the years she has seen Haiti, the land of her birth, overcome by gang violence as well as humanitarian, political and economic crises.

    © IOM/Antoine Lemonnier

    Mireille gazes through the protective bars at the GARR facility, reflecting on her journey back to Haiti.

    “I was deported to a country I never lived in,” she said, filled with a mix of anger and despair.

    The Dominican Republic had been her home for nearly three decades. It was where she built her life, forged relationships and created memories. But overnight, she became an outsider, stripped of her dignity and forced to return to a country she didn’t know.

    Mireille’s ordeal began in the early hours of the morning, five days before she crossed the border into Haiti when she was taken to a crowded and uncomfortable detention center, where she stayed for several days before being transported to the border.

    © IOM/Antoine Lemonnier

    A deportation truck arrives at the Belladère border crossing between the Dominican Republic and Haiti.

    “I arrived in Haiti feeling scared and unsure of what to do,” Mireille said. “I barely know this country, and I’m struggling to figure out where to start. It’s disorienting and difficult.”

    Guerson and Roselène

    Guerson and Roselène* had spent over a decade in the Dominican Republic, building their lives in Loma de Cabrera, not far from the border with Haiti.

    Guerson worked as a mechanic at a small garage fixing cars, motorbikes, and agricultural equipment. His hands, often smeared with grease, were a source of pride. “People trusted me with their vehicles,” he said. “It was hard work, but I could provide for my family.”

    Roselène, meanwhile, managed their modest home. She prepared meals and supplemented the family income by selling patés and fried plantains to neighbours.

    Soundcloud

    A simple life

    Their daily life was simple but stable. Their son Kenson attended a local preschool, and Roselène spoke of her pride seeing him learn to write his name.

    Then the Dominican authorities arrived. “My children didn’t understand,” said Guerson. “Kenson asked if we were going on a trip. I didn’t know how to answer him.”

    The family was herded onto a truck “I held my baby so tightly. I was afraid we wouldn’t survive the journey,” Guerson recalled.

    Crossing the border into Haiti felt like stepping into chaos.

    The town of Ouanaminthe, already struggling with a sharp increase in deportations, lacked the capacity to respond to the growing crisis.

    Families stood on dusty roads, clutching bags and children, unsure of where to go.

    “We stood there for hours, lost,” Roselène said. “The children were hungry. I didn’t know how to comfort them because I had nothing left to give.”

    Crisis country

    Mireille, Guerson and Roselène are just three of the more than 200,000 Haitians who were forcibly repatriated to their homeland in 2024, some 97 per cent of them from the Dominican Republic.

    Nearly 15,000 people were returned from across the border in the first two weeks of January alone.

    They returned to a country in crisis.

    © IOM/Antoine Lemonnier

    Guerson (left) and Roselène are beginning a new life in Haiti.

    Armed groups now control large parts of the country, including key roads in and out of the capital, Port-au-Prince.

    The years of violence have displaced over 700,000 people, forcing families into precarious shelters including abandoned schools and churches. In these places, access to food, water and healthcare is limited, leaving many extremely vulnerable.

    Nearly 5.5 million people, half of Haiti’s population, require humanitarian aid to survive.

    Safety net across the border

    Fortunately, when migrants cross over the border into Haiti, they are not alone.

    The UN’s International Organization for Migration (IOM) works with the Support Group for the Repatriated and Refugees (Groupe d’Appui aux Rapatriés et Réfugiés, GARR) to ensure the returnees have access to a range of services to meet their immediate needs, including psychosocial support, health referrals, for example pre-natal care, and the distribution of basic items such as clothing, hygiene products, and toiletries.

    Temporary accommodation is also available for the most vulnerable, so they can rest and take stock before moving forward with their lives.

    © IOM/Antoine Lemonnier

    IOM staff prepare to assist deported Haitians as they re-enter their home country.

    For unaccompanied children, family reunifications are organised and in cases of gender-based violence, survivors are provided with specialised care.

    IOM also works with the Office National de la Migration (ONM), Haiti’s government agency for migration.

    ONM leads the registration process, ensuring that each individual is accounted for and works with IOM to assess vulnerabilities and provide individual assistance.

    The future remains unclear for many returnees in a country where the vast majority of people struggle to get by on a daily basis.

    Guerson and Roselène remain somewhat hopeful that they will return to the Dominican Republic someday. “In the meantime, I will find a way to work,” Guerson said softly, his words conveying uncertainty. “I do this for my children.”

    *Names have been changed for their safety

    Fact box:

    The work of IOM as well as GARR and ONM is supported by international donors, including the European Union’s Civil Protection and Humanitarian Aid Operations (ECHO), Global Affairs Canada (GAC), and the Korea International Cooperation Agency (KOICA).

    MIL OSI United Nations News –

  • MIL-OSI USA: Tuberville Praises President Trump for Making Tariffs Great Again

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville
    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) delivered a floor speech praising President Donald Trump’s recent implementation of reciprocal tariffs to ensure fairness and bolster our national security.
    Read the speech below or watch the full speech here.

    “I come to the floor today to talk to you about President Trump’s tariffs. The media is in full meltdown. They’re in a full meltdown mode after President Trump imposed duties and retaliatory tariffs this week on countries that have basically been ripping the United States of America off, and they’ve been doing it for decades. Apparently, globalists and Democrats are just fine with other countries imposing tariffs on the United States. But when it comes to President Trump trying to equalize it up, establish a level playing field for domestic producers, well, that’s a bridge too far.
    If they have been paying attention to President Trump, they should [not be] remotely surprised. He campaigned on this platform three times and has been crystal clear on his intentions. Now, he is following through on his campaign promises. But in the corporate media, it seems to still be confused about all these tariffs. So, let me spell it out.
    President Trump’s view on tariffs [are both] a negotiating tool to get other countries to do a few things that we ask them to do, a way to boost American manufacturing, and put American workers and businesses first, not last. President Trump has his work cut out for him after the disastrous four years for our small businesses and our corporations under the Biden administration. The Biden administration made it clear to our friends and foes alike that the globalist agenda would take precedent over the safety and well-being [of] the American people. It’s mind boggling. Thankfully, those days are over.
    [The] American people gave President Donald J. Trump a clear mandate to restore our country’s superpower status and [to] put all Americans first, all businesses first. Everybody that does something in this country. And that starts, number one, with securing our borders. Like I’ve said many times, if you don’t have a border, you don’t have a country. And we have really struggled in the last four years. That is changing.
    That’s why the Master Negotiator in Chief, President Donald Trump, threatened to impose 25% tariffs on Mexico and Canada [in] just the last couple of weeks. Over the last four years, the Mexican government just basically turned a blind eye while caravans of illegal aliens overrun our borders—coming from Mexico, coming from Central America, all over the world—just overrunning our country. Thousands of women and children were trafficked, raped along the way. Drug cartels made an absolute fortune—absolute fortune. Not just with drugs, by the way, but for the payments of these illegals coming all the way through either Central America or South America to United States with a big, basically, tariff of their own, charging these people to come to the United States. Lawlessness had become the status quo under President Biden. Nobody cared. Democrats in this room, they didn’t care. They didn’t care what was going on. Let’s just let them all come in. Let’s let the drugs come in. We lose 300 people pretty much every few days to illegal drugs in this country with overdoses. But let’s [not] worry about that. Let’s just worry about controlling our country the way they wanted to. Well, it’s been a disaster.
    Mexico showed zero signs of willingness to negotiate when President Trump took office. When he did take office [on] January 20th, they woke up real quick. President Trump correctly understands that Mexico’s economy is heavily dependent on the United States of America and the citizens of this country. In fact, more than 80% of Mexico’s exports come to the United States. 80% come here. And the American citizens buy those products […] Mexico’s economy would almost instantly feel the effects of a 25% tariff, leaving Mexico’s President Claudia Sheinbaum no choice—no choice—but to come to the negotiating table under the master negotiator Donald Trump.
    So that’s why he uses tariffs: to get his point across because people across the world take us for granted. As a result, within hours of President Trump’s announcement of the tariffs, Mexico caved. They saw real quick. Obviously, they’re not stupid. They agreed to help the United States secure the border and crack down on the cartels and the illegal drugs coming in—almost immediately. […] Our neighbor to the North also caved to President Trump after a 25% tariff was threatened on Canada. Not only are illicit drugs like fentanyl coming into our country from Mexico, but there are also about [a] 2000% increase in drugs coming across the border in 2023 and 2024 from Canada. A 2000% increase. In the last fiscal year alone, enough fentanyl was seized at the northern border to kill 9.8 million Americans. And to me, that would be a very serious problem. But do you think that Democrats cared? Nope. There was no action at all by the Biden administration on Canada. No action on Mexico. But thanks [to] President Trump’s leadership, our North American neighbors, from the North and South, are making changes now daily that will protect American citizens from deadly drugs, criminals, and human traffickers. The number one job of the President of the United States to protect the people in this country first, and that’s what President Trump’s doing.
    In addition to using tariffs as a negotiating tool, President Trump also views tariffs as a way to write the wrongs of past, ineffective trade deals. That’s why this week he’s imposing a 25% tariff on all steel and aluminum imports, including those of Canada and Mexico. Contrary to what the media is telling you, this isn’t unprecedented. It’s not unusual. In fact, President Trump has helped shine a light on the fact that US exporters face higher tariffs [….] more than two-thirds of the time. We pay more tariffs than anybody. For example, among our major trading partners, [China applies higher tariffs on 85% of U.S. products and India on 90% of U.S. products]. Just think about that. We are paying tariffs on things coming in[to] this country, but when we send things out, we get the heck tariffed out of us from other countries. It’s not fair trade.
    These exports, imbalances, don’t just impact bottom lines, they also discourage domestic production. We have got to produce more in this country. We have got to build more things in this country, and that’s what President Trump’s trying to do. If we don’t cut back on spending and start producing more in this country, this will not be the United States of America much longer because we will be bankrupt. And we’ll be reporting to somebody like China who is buying our treasury bills right and left…or they were. 
    One report conducted by the Department of Commerce in the first Trump administration found that excess production capacity, particularly China, has been a major factor in the decline of domestic aluminum production. Basically, we’re getting overwhelmed by aluminum from China that’s not near as good as what we make in this country.
    President Trump built one of the strongest economies in modern history in his first term. Modern history. But the democrats failed to know that. So, they wanted to change it. And did they ever. [They] almost destroyed our economy. Jobs and wages were up when President Trump was in, inflation was down. Americans had more money in their pocket. And thanks to President Trump’s strategic tariffs, along with the 2017 Tax Cuts and Jobs Act, companies were reshoring businesses back in the United States right and left. They were coming back because they could make profit. And that’s what it’s all about when you have a corporation. You gotta make a profit. And President Trump was able to, because of tariffs, make more money for manufacturing. […]
    You had companies like Ford canceling plans to build in Mexico, back in President Trump’s first term, and instead opening one in Michigan. This turned out to be extremely important when COVID hit and we were forced to rely on goods manufactured right here in the United States. We found out pretty quick, just in [pharmaceutical] drugs alone, we make very little drugs in the United States. They’re made in India and China. They’ve got to come back here. We have to be self-sustaining.
    Whether it’s our healthcare technologies, agriculture products, or steel, and aluminum, there’s no reason for us to depend on other countries. We are the number one country in this world, have been, and will be in the future in manufacturing production. America has some of the best and brightest manufacturers. Best and brightest producers, farmers, and businesses. We take second to none. And from a national security perspective, it is dangerous to be reliant on other countries who may not have the best interests of the United States in mind. You can’t blame them. They’re looking out for themselves first. Well, we need to do the same thing.
    Not to mention the fact that US produces the cleanest steel in the world. You’d think the Democrats and the Climate Cult would at least be happy about that. Think about that. You know, President Trump just put tariffs on steel and aluminum. A lot of the steel and aluminum come in and, because of how they make it, is some of the dirtiest in the world. We make the cleanest, and why in the world would we want to import something that is going to be detrimental to our country? […]
    The tariffs being imposed this week are an important step in President Trump’s plan to restore fairness to trade, boost domestic manufacturing, and put consumers and producers first. It’s about time. Three weeks into his presidency, President Trump is keeping his promises. President Trump’s strategic tariffs will strengthen and revitalize our nation’s economy, stop the flow of illicit drugs and illegal immigration, and make sure our trade deals are fair to both taxpayers and American manufacturers. America first! President Trump is utilizing every tool at his disposal as we speak, including tariffs, to usher in the Golden Age of the American Economy. We have to make that change. If we don’t, we will not survive as the number one country in the world. We will not regain that status and we will be losing our national security.”
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

    MIL OSI USA News –

  • MIL-OSI USA News: Industry, Lawmakers Applaud President Trump’s Section 232 Tariffs

    Source: The White House

    Yesterday, President Donald J. Trump took decisive action to protect critical American industries by restoring a 25% tariff on steel imports and elevating the tariff to 25% on aluminum imports — building on the successful tariffs from his first term, which have since been undermined by loopholes and exemptions.
     
    The moves were quickly met with praise from industry, unions, and lawmakers:
     
    Steel Manufacturers Association President Philip K. Bell: “The steel industry in America faces serious threats from foreign actors that seek to destroy domestic production. China and other countries routinely violate trade laws and dump heavily subsidized steel products into the United States at the expense of American workers. By imposing a 25 percent tariff on steel imports, President Trump is leveling the playing field for American manufacturers and workers and helping America defeat direct threats to our jobs.”
     
    United Steelworkers President David McCall: “Our union welcomes President Donald Trump’s efforts to contain the global overcapacity that has for too long enabled bad actors like China to flood the global market with its unfairly traded products, resulting in surging imports into the United States, especially from Mexico.”
     
    Aluminum Association President Charles Johnson: “We appreciate President Trump’s continued focus on strong trade actions to support the aluminum industry in the United States. During his first term the president was early to recognize the genuine threat that non-market actors pose to U.S. manufacturing industries like ours … Today, there is not enough smelting capacity in the United States to supply the growing aluminum industry with the input materials it needs.”
     
    American Iron and Steel Institute President Kevin Dempsey: “We look forward to working closely with the President and his administration to implement a robust and reinvigorated trade agenda to address the many foreign market-distorting policies and practices that create an unlevel playing field for American steelmakers.”
     
    American Primary Aluminum Association President Mark Duffy: “Today is a great day for the U.S. aluminum industry. Unfair trade practices have devastated the domestic aluminum industry and President Trump’s actions today will protect thousands of American workers and their families.”
     
    Coalition for a Prosperous America Chairman Zach Mottl: “President Trump’s decision to implement global tariffs is a critical step toward restoring stability to American industry, safeguarding domestic production, and ensuring these critical sectors are not harmed by a surge of imports. The only way to rebuild domestic industrial capacity is through strong and enforceable trade policies, and these tariffs are a major step in the right direction.”
     
    Nucor Corporation President Leon Topalian: “Nucor strongly commends the actions taken today by President Trump to reimpose tariffs on all steel imports. America’s national security depends on a robust and healthy American steel industry, which continues to be harmed by massive global steel overcapacity and the resulting surge of illegally dumped and subsidized imports from around the world. Many of our trading partners have taken advantage of our open market for far too long and have intentionally circumvented our trade laws or allowed other bad actors to transship illegally dumped and subsidized steel. The President’s actions will help level the playing field for American steel producers.”
     
    Energy Fair Trade Coalition Executive Director Bret Manley: “President Trump’s bold leadership will strengthen the backbone of America – our steel and aluminum industry. E-FTC is proud to support initiatives that will level the playing field, foster domestic job growth, and promote fair reciprocal trade.”
     
    Century Aluminum Company CEO Jesse Gary: “We strongly support today’s Executive Order from President Donald J. Trump imposing a 25% tariff to stop the flood of aluminum imports into the United States. President Trump’s decisive action will protect national security and help level the playing field for America’s aluminum workers. On behalf of our employees, I thank President Trump for putting America first and strengthening the Section 232 tariffs, which will help drive the resurgence of domestic aluminum production.”
     
    Lowell Iron and Steel Company President Dennis Scanell: “The tariffs, thank God they’re coming … Maybe this evens the playing field for us, but this hits right at home. There’s no way we can compete with Canada.”
     
    America First Works: “President Trump promised to put America First and make our nation wealthy again; that is exactly what tariffs do. In his first term, President Trump’s bold trade policies created over 4,000 new American jobs and higher wages for hardworking patriots. Foreign nations will no longer be able to take advantage of the United States. If they don’t like the tariffs, they can come to the table and make a deal. In fact, that is what President Trump does best. China will no longer exploit trade loopholes to undermine American workers. Now is the time to stand strong, fight for fair trade, and put America FIRST where it belongs!”
     
    Sen. Jim Banks (R-IN): “Too many politicians in Washington take our domestic steel industry for granted. That hurts our workers and disrespects our history.”
     
    Sen. John Kennedy (R-LA): “If you have a high tariff on our product, and we have a low tariff on your product, we ought to level them out. That just seems fair to me.”
     
    Sen. Roger Marshall (R-KS): “President Trump is a leader who brokers deals that put AMERICAN workers first. The days of unfair, one-sided trade deals that let foreigners take advantage of our country are over. The sky is not falling. @POTUS is protecting our Steel and Aluminum industry workers — and in the end, America will have the upper hand. As it should be.”
     
    Sen. Tim Scott (R-SC): “President Trump’s approach to tariffs is designed with the long-term benefits of American consumers and national security in mind. By prioritizing fair trade policies and a balanced approach to tariffs, we’ll secure the economic prosperity of American workers across the country.”
     
    Sen. Tommy Tuberville (R-AL): “The media is in full meltdown mode after President Trump imposed duties and retaliatory tariffs this week on countries who have been ripping us off for decades. Both aluminum and steel are critical to our national security — and we make some of the best in the world right here at home. President Trump’s strategic tariffs will strengthen and revitalize our nation’s economy by making sure our trade deals are fair to taxpayers and the American worker.”
     
    Majority Whip Tom Emmer (R-MN): “President @realDonaldTrump is a master negotiator, especially when it comes to tariffs. Don’t just take my word for it — even Biden’s own commerce secretary admitted that the tariffs President Trump placed on foreign steel and aluminum during his first term were effective.”
     
    Chairwoman Lisa McClain (R-MI): “Millions of Americans are cheering for @POTUS’s tariff negotiations. He has proven his effectiveness in this arena time and time again. This will be no different. He is sending a message to the world. Compete fairly, or pay the price.”
     
    Rep. Jason Smith (R-MO): “President Trump is wasting no time moving forward with his America First trade policy. The days of the United States allowing our trading partners to steam roll us are over. President Trump successfully used tariffs in the past to grow our economy and protect American jobs. He imposed steel and aluminum tariffs in 2018, and now he is eliminating exceptions countries like China have used to circumvent them. I look forward to continuing to work with @POTUS to put America First and hold our trading partners accountable.”
     
    Rep. Andrew Clyde (R-GA): “President Trump is sending a loud and clear message: America is DONE letting foreign countries undercut our economy. Once again, he’s delivering on his promise to PUT AMERICA FIRST!”
     
    Rep. Carlos Gimenez (R-FL): “President Trump is ABSOLUTELY RIGHT to tariff & combat Communist #China!”
     
    Rep. Diana Harshbarger (R-TN): “Unfair trade practices have led to our nation being on the wrong end of too many bad deals. That’s coming to an end. President Trump is taking action to protect America’s steel and aluminum industries with his latest executive order, continuing to put America first.”
     
    Rep. Dan Meuser (R-PA): “President @realDonaldTrump is taking action to protect the American steel industry by closing loopholes that allow other countries to bypass U.S. tariffs through Mexico and Canada. This move will strengthen domestic production and encourage critical investment in U.S. Steel.”
     
    Rep. Maria Elvira Salazar (R-FL): “Trading with the United States is a privilege, not a right. President Trump’s America First trade policy will advance our priorities abroad and grow prosperity at home!”
     
    Rep. Keith Self (R-TX): “President Trump KEEPS HIS PROMISES! @realDonaldTrump is delivering on his promise to rebalance trade from unfair foreign competition. In the Golden Age, we are building a stronger America.”

    MIL OSI USA News –

  • MIL-OSI Security: Mexican national who acted as transporter for smuggling conspiracy sentenced to 15 months in prison

    Source: Office of United States Attorneys

    Defendant picked up and transported non-citizens who illegally crossed the border with Canada via railcars

    Seattle – A transporter for a northern border human smuggling conspiracy was sentenced late yesterday in U.S. District Court in Seattle to 15 months in prison, announced U.S. Attorney Tessa M. Gorman. Jesus Ortiz-Plata, 46, of Independence, Oregon, weas arrested May 23, 2024, in Everett, Washington, with three non-citizens who had been smuggled into the United States from Canada. At the sentencing hearing, U.S. District Judge James L. Robart said it was “callous” to send people across the border in freight cars. “He was a commercial smuggler. He wasn’t doing this for altruistic purposes, he did it for cold hard cash,” Judge Robart said.

    “This defendant was a cog in a conspiracy that transported people into the U.S. from across the northern border in an extremely dangerous smuggling scheme loading people into freight cars on trains traveling from Canada into the U.S.,” said U.S. Attorney Gorman. “These transnational smuggling groups charge thousands of dollars and risk the lives of those trying to reach the U.S. We will continue to investigate these smuggling groups to hold members accountable.”

    Since late 2022, as Border Patrol and investigators encountered non-citizens who had illegally attempted to cross the border. As part of the investigation, agents frequently encountered a phone number that was later linked to Ortiz-Plata. After substantial investigation, Ortiz-Plata was identified, and law enforcement obtained court permission to track his location. After months of surveillance and monitoring, on May 23, 2024, Ortiz-Plata traveled from his home in Oregon and was surveilled by agents from Seattle to an apartment in Everett.  Ortiz-Plata left the apartment with three men – all non-citizens who entered his vehicle.  All four were taken into custody.  Two had crossed the border in a freight train car and one claimed he had walked across the border and been picked up on the U.S. side.

    On November 20, 2024, Ortiz-Plata pleaded guilty to conspiracy to transport certain aliens for profit.

    In asking for the 15-month prison sentence, prosecutors noted that the defendant did not run the smuggling ring, but still played an important role in its success. “Ortiz-Plata admits that he knew the noncitizens he picked up were using freight trains to get into the United States; but nevertheless, he proceeded to participate. Even if he, himself, was not the one directing the noncitizens to jump on, Ortiz-Plata continued to facilitate, and thereby promote, this extremely dangerous smuggling route, multiple times, over the course of at least a year.”

    Ortiz-Plata will likely be deported following his prison term.

    The case was investigated by Homeland Security Investigations, the Border Security Enforcement Team, U.S. Border Patrol, and Border Patrol Air and Marine Group.

    The case is being prosecuted by Assistant United States Attorneys Celia Lee and Special Assistant U.S. Attorney Katherine Collins. 

    MIL Security OSI –

  • MIL-OSI: ThreeD Capital Inc. Announces Unaudited January 31, 2025 Net Asset Value Per Share – $0.60

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at January 31, 2025, its unaudited net asset value per share (“NAV”) was $0.60.  

    This announcement is made based on ThreeD’s established practice of releasing NAV on a monthly basis as part of the Company’s ongoing response to shareholder interest in receiving periodic information. NAV is calculated based on unaudited month-end financial information.

    Use of Non-GAAP Financial Measures:

    This press release contains references to NAV or “net asset value per share” which is a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in ThreeD’s consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company’s performance and may assist in the evaluation of the Company’s business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP and is not necessarily indicative of other metrics presented in accordance with GAAP. Existing NAV of the Company is not necessarily predictive of the Company’s future performance or the NAV of the Company as at any future date.

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information:
    Matthew Davis, CPA
    Chief Financial Officer and Corporate Secretary
    davis@threedcap.com
    Phone: 416-941-8900
     

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    Forward-Looking Statements

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future disclosure of NAV by the Company and the approximate timing thereof. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur including, without limitation, risks relating to the timing and content of future public disclosures by the Company or related to the fact that the term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies and may not be indicative of NAV for any future periods. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI Europe: AI Action Summit co-chaired by France and India (February 10-11, 2025)

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Statement on inclusive and sustainable artificial intelligence for people and the planet

    1. Participants from over 100 countries, including government leaders, international organizations, representatives of civil society, the private sector and the academic and research communities gathered in Paris on February 10 and 11, 2025 to hold the AI Action Summit. Rapid development of AI technologies represents a major paradigm shift, impacting our citizens and societies in many ways. In line with the Paris Pact for People and the Planet, and the principles that countries must have ownership of their transition strategies, we have identified priorities and launched concrete actions to advance the public interest and to bridge digital divides through accelerating progress towards the SDGs. Our actions are grounded in three main principles of science, solutions – focusing on open AI models in compliance with countries’ frameworks – and policy standards, in line with international frameworks.

    2. This Summit has highlighted the importance of reinforcing the diversity of the AI ecosystem. It has laid an open, multi-stakeholder and inclusive approach that will enable AI to be human rights based, human-centric, ethical, safe, secure and trustworthy while also stressing the need and urgency to narrow the inequalities and assist developing countries in artificial intelligence capacity-building so they can build AI capacities.

    3. Acknowledging existing multilateral initiatives on AI, including the United Nations General Assembly Resolutions, the Global Digital Compact, the UNESCO Recommendation on Ethics of AI, the African Union Continental AI Strategy, and the works of the Organization for Economic Cooperation and Development (OECD), the Council of Europe and European Union, the G7 including the Hiroshima AI Process and G20, we have affirmed the following main priorities:

    • Promoting AI accessibility to reduce digital divides;
    • Ensuring AI is open, inclusive, transparent, ethical, safe, secure and trustworthy, taking into account international frameworks for all
    • Making innovation in AI thrive by enabling conditions for its development and avoiding market concentration driving industrial recovery and development
    • Encouraging AI deployment that positively shapes the future of work and labour markets and delivers opportunity for sustainable growth
    • Making AI sustainable for people and the planet
    • Reinforcing international cooperation to promote coordination in international governance

    To deliver on these priorities:

    • Founding members have launched a major Public Interest AI Platform and Incubator, to support, amplify, decrease fragmentation between existing public and private initiatives on Public Interest AI and address digital divides. The Public Interest AI Initiative will sustain and support digital public goods and technical assistance and capacity-building projects in data, model development, openness and transparency, audit, compute, talent, financing and collaboration to support and co-create a trustworthy AI ecosystem advancing the public interest of all, for all and by all.
    • We have discussed, at a Summit for the first time and in a multi-stakeholder format, issues related to AI and energy. This discussion has led to sharing knowledge to foster investments for sustainable AI systems (hardware, infrastructure, models), to promoting an international discussion on AI and environment, to welcoming an observatory on the energy impact of AI with the International Energy Agency, to showcasing energy-friendly AI innovation.

    We recognize the need to enhance our shared knowledge on the impacts of AI in the job market, though the creation of network of observatories, to better anticipate AI implications for workplaces, training and education and to use AI to foster productivity, skill development, quality and working conditions and social dialogue.

    4. We recognize the need for inclusive multistakeholder dialogues and cooperation on AI governance. We underline the need for a global reflection integrating inter alia questions of safety, sustainable development, innovation, respect of international laws including humanitarian law and human rights law and the protection of human rights, gender equality, linguistic diversity, protection of consumers and of intellectual property rights. We take notes of efforts and discussions related to international fora where AI governance is examined. As outlined in the Global Digital Compact adopted by the UN General Assembly, participants also reaffirmed their commitment to initiate a Global Dialogue on AI governance and the Independent International Scientific Panel on AI and to align ongoing governance efforts, ensuring complementarity and avoiding duplication.

    5. Harnessing the benefits of AI technologies to support our economies and societies depends on advancing Trust and Safety. We commend the role of the Bletchley Park AI Safety Summit and Seoul Summits that have been essential in progressing international cooperation on AI safety and we note the voluntary commitments launched there. We will keep addressing the risks of AI to information integrity and continue the work on AI transparency.

    6. We look forward to next AI milestones such as the Kigali Summit, the 3rd Global Forum on the Ethics of AI hosted by Thailand and UNESCO, the 2025 World AI Conference and the AI for Good Global Summit 2025 to follow up on our commitments and continue to take concrete actions aligned with a sustainable and inclusive AI.

    Signatory countries:

    1. Armenia

    2. Australia

    3. Austria

    4. Belgium

    5. Brazil

    6. Bulgaria

    7. Cambodia

    8. Canada

    9. Chile

    10. China

    11. Croatia

    12. Cyprus

    13. Czechia

    14. Denmark

    15. Djibouti

    16. Estonia

    17. Finland

    18. France

    19. Germany

    20. Greece

    21. Hungary

    22. India

    23. Indonesia

    24. Ireland

    25. Italy

    26. Japan

    27. Kazakhstan

    28. Kenya

    29. Latvia

    30. Lithuania

    31. Luxembourg

    32. Malta

    33. Mexico

    34. Monaco

    35. Morocco

    36. New Zealand

    37. Nigeria

    38. Norway

    39. Poland

    40. Portugal

    41. Romania

    42. Rwanda

    43. Senegal

    44. Serbia

    45. Singapore

    46. Slovakia

    47. Slovenia

    48. South Africa

    49. Republic of Korea

    50. Spain

    51. Sweden

    52. Switzerland

    53. Thailand

    54. Netherlands

    55. United Arab Emirates

    56. Ukraine

    57. Uruguay

    58. Vatican

    MIL OSI Europe News –

  • MIL-OSI: Acceleware Announces Option Grant

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 11, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Corporation”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, as of February 10, 2025, has granted stock options to acquire up to 1,634,000 common shares of the Corporation to certain of its employees, consultants, officers and directors. The options have an exercise price of $0.09 per common share and expire on February 10, 2030.

    Of the 1,634,000 options granted, 592,000 shall vest on the first anniversary of the grant date, 592,000 shall vest on the second anniversary of the grant date, 225,000 shall vest when the share price of the common shares of the Corporation closes at or above $0.115 for ten consecutive trading days, and 250,000 shall vest when the share price of the common shares of the Corporation closes at or above $0.135 for ten consecutive trading days. The Corporation’s stock option plan allows for 11,843,854 common shares to be reserved for issuance under the plan. Upon issuance of the options granted, there will be 11,529,466 common shares reserved under options outstanding, leaving 314,388 common shares that may be reserved for issuance under the Corporation’s stock option plan. The stock option grant is subject to regulatory approval.

    About Acceleware
    Acceleware is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. The Company’s solutions provide an opportunity to economically electrify and decarbonize industrial process heat applications previously considered difficult to abate, which could have a significant impact on global GHG emissions.

    Acceleware is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands that is materially different from any heavy oil recovery technique used today. The Company is also working with a consortium of world-class potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. Acceleware is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.

    Acceleware and Saa Dene Group (co-founded by Jim Boucher) have created Acceleware | Kisâstwêw to raise the profile, adoption, and value of Acceleware technologies. The partnership is intended to improve the environmental and economic performance of industry by supporting ideals that are important to Indigenous peoples, including respect for land, water, and clean air.

    Acceleware is a public company listed on Canada’s TSX Venture Exchange under the trading symbol “AXE”.

    For further information,

    Geoff Clark
    geoff.clark@acceleware.com

    Acceleware Ltd.
    435 10th Avenue SE
    Calgary, AB, T2G 0W3 Canada
    +1 (403) 249-9099
    www.acceleware.com

    The MIL Network –

  • MIL-OSI Canada: Prime Minister announces the appointment of Canada’s new Fentanyl Czar

    Source: Government of Canada – Prime Minister

    Fentanyl is a lethal drug that has torn apart communities and families across Canada and the United States. The scourge of fentanyl must be wiped from the face of the Earth, its production must be shut down, and its profiteers must be punished. 

    The Prime Minister, Justin Trudeau, today announced the appointment of Kevin Brosseau as Canada’s new Fentanyl Czar, effective immediately. 

    As Fentanyl Czar, Mr. Brosseau will work closely with U.S. counterparts and law enforcement agencies to accelerate Canada’s ongoing work to detect, disrupt, and dismantle the fentanyl trade. Mr. Brosseau brings extensive law enforcement experience, having served in the Royal Canadian Mounted Police (RCMP) for over 20 years, including as Deputy Commissioner and top cop in Manitoba. Recently, as Deputy National Security and Intelligence Advisor to the Prime Minister, Mr. Brosseau navigated Canada’s most sensitive security challenges. His demonstrated expertise tackling drug trafficking, organized crime networks, and other national security threats will bring tremendous value to this position. 

    Canada is taking significant action to stop the production and trafficking of illegal fentanyl. We are adding new and expanded detection capacity at border entries to find illegal drugs and guns and shorten cargo container processing time. We are building a Canadian Drug Analysis Centre to analyze illegal drug samples and identify where and how these drugs are manufactured. We are deploying new chemical detection tools at high-risk ports of entry, new canine teams to intercept illegal drugs, and a new Precursor Chemical Risk Management Unit to better track precursor chemicals and distribution channels. In the 2024 Fall Economic Statement, we introduced strong measures such as steeper penalties and regulatory changes to fight financial crimes, including money laundering, that often enable fentanyl trafficking. 

    While less than 1 per cent of the fentanyl intercepted at the U.S. border comes from Canada, any amount of fentanyl is too much. With Canada’s $1.3 billion border plan, we are reinforcing our strong border and stopping the fentanyl trade – with new Black Hawk helicopters, drones, mobile surveillance towers, and nearly 10,000 frontline personnel working on protecting the border. As an important legal tool to enforce criminal investigations in Canada, we will also be listing organized crime cartels as terrorist entities under the Criminal Code. This listing will strengthen the RCMP’s ability to prevent and disrupt cartel activities in our country. 

    Last week, the Prime Minister signed a new intelligence directive, backed by $200 million in investment, that will give our security agencies more capacity to gather intelligence on transnational organized crime and share with our American partners and law enforcement across the continent. This complements joint law enforcement co-ordination efforts, including through the Canada-U.S. Joint Strike Force to combat organized crime, fentanyl, and money laundering.

    Quotes

    “Fentanyl is a lethal drug that must be eradicated from our communities. Today’s appointment of Kevin Brosseau as Fentanyl Czar will accelerate Canada’s efforts to detect, disrupt, and dismantle the fentanyl trade, in partnership with the United States. With an over 20-year career in public safety and national security including tackling drug trafficking and organized crime, Mr. Brosseau will bring tremendous value to this position, and his work will help keep Canadians safe.”

    “Canada needs a Fentanyl Czar who will co-ordinate between agencies, move quickly to tackle challenges, and bring over 20 years of RCMP experience to a crisis that is plaguing our communities. Between cities and provinces, as well as our international borders, this person will need to work with all levels of government, with credibility as a team player. Working closely with our American counterparts to disrupt and dismantle this illegal drug trade crossing our border, the Fentanyl Czar will need expertise in drug trafficking, organized crime networks, and other national security threats. Kevin Brosseau is that person.”

    Quick Facts

    • The Prime Ministerial Directive on Transnational Crime and Border Security directed the national security and intelligence community to stand up a Joint Operational Intelligence Cell as well as information sharing hubs between provinces, territories, and international partners, to bolster the detection and disruption the trafficking of fentanyl and other illicit drugs, both within Canada and abroad.
    • Health Canada’s new Canadian Drug Analysis Centre will allow for more specialized analysis of synthetic drug samples. The analysis will go beyond identifying the components of a sample and look at forensic markers to help determine how and where these substances were manufactured.
    • Health Canada’s new Precursor Chemical Risk Management Unit will increase oversight over precursor chemicals and distribution channels as well as monitor emerging illegal drug trends.

    Related Product 

    Associated Links

    MIL OSI Canada News –