NewzIntel.com

Category: Canada

  • MIL-OSI Security: Deer Lake — Prolific offender arrested by Deer Lake RCMP and charged with multiple offences

    Source: Royal Canadian Mounted Police

    Prolific offender, 36-year-old Archibald Billard, was arrested by Deer Lake RCMP on October 24, 2024. He attends court today, charged with a number of new offences.

    Billard was arrested yesterday, October 24, after he fled from police on foot from a house on Middle Road in Deer Lake.

    On October 23, 2024, Billard, who is known to evade the police, was operating a vehicle while prohibited on the Trans-Canada Highway near St. Judes. He was observed traveling in excess of 170 kms/hr by RCMP Traffic Services West. Billard failed to stop for police and continued driving in a dangerous manner. A second officer attempted to stop Billard in the community of St. Judes, who again failed to stop for police and was driving at high speeds and in a dangerous manner. In the interest of public safety, police did not pursue.

    Billard is currently before the court in relation to a long list of charges and is on a number of court-ordered conditions following his recent release from custody. On October 15, 2024, Billard was released by the court in Grand Falls-Windsor in relation to fifteen charges of criminal offences that occurred on October 12, 2024, in Deer Lake and Grand Falls-Windsor. The charges include impaired operation, prohibited operation, flight from police, dangerous operation, possession of a controlled substance for the purpose of trafficking, possession of a controlled substance and breaches of probation. Following his release, Billard was ordered to report in person at Bay St. George RCMP and has failed to fulfill that condition.

    He attends court today charged with seven new counts of criminal offences:

    • Dangerous operation of a motor vehicle/conveyance – two counts
    • Flight from police – two counts
    • Operation of a motor vehicle/conveyance while prohibited
    • Breach of a court release order – two counts

    MIL Security OSI –

  • MIL-OSI Canada: Climate change sets and breaks heat records across Canada this summer

    Source: Government of Canada News

    Environment and Climate Change Canada’s Rapid Extreme Weather Event Attribution system uses climate models to compare today’s climate with a pre-industrial one

    October 25, 2024 – Ottawa, Ontario

    Over the summer, Environment and Climate Change Canada scientists analyzed the devastating heat waves that impacted Canadians. They found that human-caused climate change made almost all of Canada’s worst heat waves hotter and more likely.

    Environment and Climate Change Canada’s Rapid Extreme Weather Event Attribution system uses climate models to compare today’s climate with a pre-industrial one. This helps Canadians understand how human emissions and activities are affecting our lives and weather today, as the changes unfold.

    From June to September 2024, Environment and Climate Change Canada climate scientists analyzed 37 of the hottest heat waves in 17 regions across Canada. They determined that of these heat waves, human-caused climate change made:

    • Five of them more likely to occur (at least one to two times more likely)
    • Twenty-eight of them much more likely to occur (at least two to 10 times more likely)
    • Four of them far more likely to occur (at least 10 times more likely)

    Learn more: Understanding the results

    As the global climate continues to warm because of increasing greenhouse gas concentrations in the atmosphere, Canada is warming at roughly double the global average rate. Spring and summer are becoming hotter, and this means earlier snowmelt, dangerous heat waves, and conditions that are ripe for wildfires.

    Starting this winter, Environment and Climate Change Canada will be able to use its Rapid Extreme Weather Event Attribution system to analyze the connection between human-caused climate change and the odds of extreme cold temperature events. Work is also underway to develop the system to analyze extreme precipitation. This capability is expected to come online in 2025.

    The direct and indirect costs of extreme weather are substantial. They can range from loss of productivity to loss of life. Better understanding the causes and effects of extreme weather—such as heat waves, extreme cold, and extreme precipitation—can help us better plan for, respond to, and rebuild from weather emergencies. Recent Canadian studies show that:

    • These “once in 100 years” climate-related weather events are becoming more frequent, severe, and costly. 2020, 2021, 2022, and 2023 all rank in the top 10 years based on insurance claims, surpassed only by the 2016 Fort McMurray fires, the 2013 flooding in Calgary and Toronto, and the 1998 Quebec ice storm (source).
    • From 1983 to 2008, insurers spent on average $400 million per year on catastrophic claims in Canada. Since 2009, the yearly average has risen to almost $2 billion (source).
    • 2023 was the second warmest year on record in Canada since 1948 (when nationwide estimates began) (source).
    • From 1948 to 2023, the annual average temperature in Canada increased by 2.0 °C (source).

    The public is encouraged to regularly monitor weather forecasts, take all weather alerts seriously, and get prepared for weather-related events by developing an emergency plan and being ready to adjust their travel plans. Canadians can download the WeatherCAN app to receive weather alert notifications directly on their mobile devices. Alerts help Canadians prepare to face severe weather events, save lives, and reduce the impacts on property and livelihoods.

    Media Relations
    Environment and Climate Change Canada
    819-938-3338 or 1-844-836-7799 (toll-free)
    media@ec.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Minister Vandal announces partnership with NFI Group and Manitoba to create the world-leading “All-Canadian Build” facility in Winnipeg

    Source: Government of Canada News

    $15 million from the Government of Canada enables start-to-finish manufacturing of electric and hydrogen fuel-cell transit buses in Canada, creating green jobs and expanding the Green Prairie Economy

    October 25, 2024 – Winnipeg, Manitoba – PrairiesCan

    Creating more clean mass transit options gets Canadians around their communities quicker and helps in our fight against climate change.

    Today, the Honourable Dan Vandal, Minister for PrairiesCan, announced a federal investment of $15 million for NFI Group to expand operations and fully manufacture New Flyer transit buses in Winnipeg, Manitoba. This investment will enable NFI Group to competitively respond to growing demand for Canadian-made zero-emission transit buses, adding hundreds of skilled jobs to the company’s Canadian operations with more opportunities for local suppliers, and growing Manitoba’s role in the green Prairie economy.

    Canadians want greener options, and municipal governments are responding. By increasing bus manufacturing capacity in NFI Group’s Winnipeg-based facilities, Canadian public transit authorities will be able to purchase more Canadian-made zero-emission buses to address their fleet renewal needs. The funding will ensure NFI Group can meet Canadian standards and will support the development of workforce training specific to zero-emission vehicle manufacturing including a proposed “Zero-Emission Pre-Apprenticeship Program.”

    In 2023, Minister Vandal dedicated $100 million of existing PrairiesCan funding over three years to support projects aligned with priorities of the Framework to Build a Green Prairie Economy, which include growing our manufacturing sector and capitalizing on clean electricity to seize new opportunities in the net-zero future. The Framework and funding are intended to encourage greater collaboration among governments and industry, leverage additional funding, and attract new investments across the Prairies.

    MIL OSI Canada News –

  • MIL-OSI Canada: Investigation concluded

    Source: Government of Canada regional news

    On Oct.18, 2024, CPS were called to a report of a disturbance at a McDonald’s restaurant located at 5222 130th Avenue SE Calgary. The responding CPS officer arrived and observed a male acting erratically. The CPS officer exited his vehicle, and the man started to approach him shouting about already being told he was free to go by another officer. The officer took hold of the man and told him to calm down and get on the ground. The man resisted and was taken to the ground while refusing commands to comply. Following a brief struggle handcuffing was completed and the man was secured in custody. A pat-down search of the man was completed, with nothing of concern being found. The man was examined by emergency medical services (EMS) at the scene and cleared medically.

    He was then transported to the CPS Arrest Processing Section (APS) where a secondary pat-down search was conducted. During this search, a small baggie with a green substance believed to be heroin or fentanyl was located. The man had criminal warrants for his arrest, including ones for possession of drugs. Given this, he was subject to a strip search during which nothing further was found. The man then spoke with the APS’ paramedic on site. He advised that he had used methamphetamine and fentanyl within the past six hours. Nothing of concern was noted by the paramedic. The man was then placed in a cell at approximately 8:30 a.m.

    ASIRT reviewed the APS logs as they relate to safety monitoring of detainees. The CPS uses a card key system, which requires the monitoring person to swipe a pad outside of each cell. This allows for a log of who conducted the physical check of the cell and when. Based on the logs, ASIRT was able to confirm that safety checks were conducted on the man at regular intervals in compliance with CPS policy.

    ASIRT reviewed the CCTV video of the cell the man was in. At approximately 3:44 p.m., the man sits on the toilet and is noted reaching between his legs, appearing to retrieve something, and immediately moving his hand to his mouth. He then flushes the toilet and moves from the toilet to lay down on the bench. At 4:33 p.m., the man appears to have problems breathing as his throat is moving up and down in exaggerated movements. At 4:35 p.m., the man appears to go unconscious. At 4:36 p.m., two CPS officers enter the cell. A sternum rub is applied with no response. The man is moved to the ground, further sternum rubs are given, again with no response observed. The APS medic enters the cell, and he too gets no response from the man. The medic does a pulse check, and then leaves the cell. At 4:37 p.m. a CPS officer, who was previously a paramedic, begins CPR. At 4:39 p.m. the APS medic returns with medical gear. An automated external defibrillator is applied, and the man is given oxygen. At 4:52 p.m., EMS arrives and continues medical treatment of the man. At 5:31 p.m., EMS stops treatment of the man and pronounces him deceased.

    On Oct. 21, 2024, an autopsy was conducted on the man. The medical examiner found no obvious cause of death. The medical examiner is awaiting further toxicology and other information to determine the cause of death. While this is so, there is no evidence that any officer caused or contributed to his death. Further, all the evidence supports that while in custody, the man was cared for in a proper fashion. No officers were designated as subject officers in this investigation and the ASIRT investigation is closed.

    ASIRT’s mandate is to effectively, independently and objectively investigate incidents involving Alberta’s police that have resulted in serious injury or death to any person, as well as serious or sensitive allegations of police misconduct.

    This release is distributed by the Government of Alberta on behalf of the Alberta Serious Incident Response Team.

    MIL OSI Canada News –

  • MIL-OSI Canada: Manitoba Government Expands NFI to Create Low Carbon Jobs

    Source: Government of Canada regional news

    October 25, 2024

    Manitoba Government Expands NFI to Create Low Carbon Jobs

    – – –
    Investment in NFI Group Will Create Good Jobs for Manitobans: Premier

    The Manitoba government is investing in the clean energy economy by supporting the creation of hundreds of new low-carbon, blue-collar jobs through NFI Group Inc.’s All-Canadian Build expansion in Winnipeg, Premier Wab Kinew and Economic Development, Investment, Trade and Natural Resources Minister Jamie Moses announced today. 

    “This project is about putting a ‘Made in Canada’ stamp on the low-carbon economy,” said Kinew. “Here in Manitoba, blue-collar workers are part of the transition to a net zero future and it’s companies like NFI that are leading the charge. We’re pleased to partner with the federal government to get this All-Canadian Build facility done so we can continue to put Manitoba at the cutting edge of zero emission transportation technology.” 

    A leading provider of zero-emission buses and coaches, NFI’s global headquarters in Winnipeg employs nearly 3,000 Manitobans, noted the premier. The $23.4-million investment from the Manitoba government will support NFI’s plans to establish an All-Canadian Build facility while creating 250 direct jobs in Winnipeg and hundreds more indirect jobs. The facility will expand production capacity and have the ability to manufacture, finish and service zero-emissions buses for the Canadian market. 

    “NFI is the leader in North America’s evolution to zero-emission buses and coaches,” said Moses. “Investing in this new facility will create good jobs for Manitobans in electric transit manufacturing while reducing emissions.” 

    NFI will be co-investing in the project alongside the Manitoba government and the federal government through Prairies Economic Development Canada (PrairiesCan) Business Scale-up and Productivity program. 

    “This is a significant step forward by NFI Group,” said federal Northern Affairs Minister Dan Vandal, minister responsible for Prairies Economic Development Canada (PrairiesCan). “Increasing manufacturing capacity in the zero-emission heavy-duty vehicle sector is good news for Canada and solidifies Manitoba’s leadership in this field. This project is an example of collaboration under the Green Prairie Economy Framework to deliver solutions to build a strong and sustainable economy across the Prairies.” 

    Demand for zero-emission transit buses in NFI’s core markets is at record levels, driven by the transition of transit fleets to battery-electric, fuel cell-electric and trolley-electric buses in Canada’s major cities to meet national emission reduction goals, noted the premier. 

    “Today’s announcement is a major milestone for NFI as it allows us to complete full buses in Canada for the first time in over twenty years,” said Paul Soubry, president and CEO, NFI. “I would like to thank our partners at the Province of Manitoba and PrairiesCan for their commitment and financial support that will help enhance Manitoba’s green economy. These funds will be strategically invested alongside our own capital to expand our production capacity and increase our zero-emissions transit bus offerings, which will create new jobs and help create more livable North American communities.” 

    Facility construction is expected to be complete by the end of 2025 with construction activities starting in 2024, added the premier.  

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI Canada: Minister Sajjan to announce support for Artificial Intelligence innovation in British Columbia

    Source: Government of Canada News

    October 25, 2024 – Burnaby, British Columbia – The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), will deliver an announcement about the Regional Artificial Intelligence Initiative in British Columbia.

    The Honourable Terry Beech, Minister of Citizens’ Services and Member of Parliament for Burnaby North-Seymour, will also be in attendance.

    Event: The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan) will deliver an announcement that will boost AI commercialization and adoption in British Columbia.

    Date: Monday, October 28, 2024

    Time: 11:00 am PT

    Location: Water Tower Building
                      Simon Fraser University
                      Burnaby, B.C. 

    MIL OSI Canada News –

  • MIL-OSI Canada: The Government of Canada supports official-language minority community media across Canada

    Source: Government of Canada News

    The Government of Canada promotes a diversity of voices and inclusion by investing in community media that serves official-language minority community, enabling them to express themselves and gain visibility in the public sphere

    OTTAWA – The Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, will be in Ottawa on Monday to announce significant funding for community media that serves official-language minority communities.

    Please note that all details are subject to change. All times are local.

    Journalists wishing to attend the press briefing must confirm their attendance by sending their full name and the name of the media outlet they represent to media@pch.gc.ca by 4 p.m. on Sunday, October 27. Information on how to attend will be provided afterward.

    The details are as follows:

    DATE:
    Monday, October 28, 2024

    TIME:
    10:10 a.m.

    John Fragos
    Communications Advisor
    Office of the Minister of Employment, Workforce Development and Official Languages
    john.fragos@hrsdc-rhdcc.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Media roundtable with Governor Macklem

    Source: Bank of Canada


















  • MIL-OSI Canada: Government of Canada invests $9.4 million to drive innovation and economic growth in Surrey

    Source: Government of Canada News

    PacifiCan funding will help three local businesses expand operations, create quality jobs and reach new markets

    October 25, 2024 – Surrey, British Columbia – PacifiCan

    Surrey is one of British Columbia’s fastest growing cities, home to innovative businesses and ambitious entrepreneurs with exciting plans for the future. PacifiCan will soon open its headquarters in Surrey, expanding the agency’s presence and impact in this growing economic hub and the broader Mainland Southwest Region. PacifiCan is committed to partnering with businesses and community leaders in the Fraser Valley and across B.C. to realize their ambitions.

    Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced $9.4 million in PacifiCan funding to help three Surrey-based businesses grow locally and compete globally.

    Minister Sajjan made the announcement while visiting Nanak Foods Inc., an innovative food manufacturer receiving $5 million in funding through PacifiCan’s Business Scale-up and Productivity (BSP) program. Nanak is North America’s largest and leading manufacturer of specialty dairy-based, South Asian-inspired foods. Nanak’s paneer cheese product incorporates whole milk from B.C. cows, benefiting local dairy farmers.

    PacifiCan’s investment will allow the company to increase production of paneer cheese by expanding its operations with new equipment. The funding announced today will allow Nanak to scale-up locally, create jobs and accelerate global sales of its signature product.

    Minister Sajjan also announced funding for two other Surrey-based businesses, one through PacifiCan’s BSP and the other through the Jobs and Growth Fund. Dr. Ma’s Laboratories, a natural health product manufacturer, is receiving over $3.1 million in funding to scale up operations and create new jobs. LED Smart is receiving over $1.2 million to continue to innovate in the design of its horticulture lighting system and increase production to meet global demand.

    More details about the projects and companies receiving funding can be found in the backgrounder.

    The investments announced today are expected to help create more than 190 jobs, grow the Surrey and regional economy, and bring more made-in-B.C. products to global markets.

    MIL OSI Canada News –

  • MIL-OSI Canada: Backgrounder: Government of Canada invests $9.4 million to drive innovation and economic growth in Surrey

    Source: Government of Canada News

    Surrey is one of British Columbia’s fastest growing cities, home to innovative businesses and ambitious entrepreneurs with exciting plans for the future.

    Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced $9.4 million in PacifiCan funding to help three Surrey-based businesses grow locally and compete globally.

    The projects announced today are:

    Business Scale-Up and Productivity Program

    Dr. Ma’s Laboratories

    $3,166,000

    Funding will enable Dr. Ma’s Laboratories, a natural health product manufacturer, to scale up its operations by installing new automated equipment and hiring more staff. Dr. Ma’s provides natural health brands with the production space and in-house resources required to create their unique vitamins and supplements. From product research to manufacturing capabilities to packaging, Dr. Ma’s provides brands with end-to-end production services. PacifiCan’s investment will allow the company to grow local production and meet global demand for natural health goods.

    Nanak Foods Inc.

    $5,000,000

    Funding will allow Nanak Foods Inc. to increase production of its paneer cheese product by expanding its operations with new equipment. The company is North America’s largest and leading manufacturer of specialty dairy-based, South Asian-inspired foods. Nanak’s paneer cheese product incorporates whole milk from B.C. cows, benefiting local dairy farmers. PacifiCan’s investment will help Nanak scale-up locally, create jobs and accelerate global sales of its signature product. 

    Jobs and Growth Fund

    LED Smart

    $1,275,000

    Funding will help LED Smart continue to innovate in the design of its horticulture lighting system, Grow3, and increase production to meet growing global demand. This energy-efficient technology replicates sunlight to produce high-quality crops in greenhouses and vertical farms. PacifiCan’s investment will allow LED Smart to enhance its software, adapt Grow3 for mass production and create high quality jobs in British Columbia.

    Related products

    Haley Hodgson
    Senior Communications Advisor
    Office of the Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada
    haley.hodgson@kpc-cpr.gc.ca

    Follow PacifiCan on X and LinkedIn

    Toll-Free Number:     1-888-338-9378
    TTY (telecommunications device for the hearing impaired):     1-877-303-3388

    MIL OSI Canada News –

  • MIL-OSI Canada: Sandy Lake First Nation Opens Doors and Access to Modernized Health Services

    Source: Government of Canada News

    News release

    October 25, 2024 — Sandy Lake First Nation, Treaty 5 Territory, Ontario — Indigenous Services Canada and Sandy Lake First Nation

    Sandy Lake First Nation, with funding support from Indigenous Services Canada, is bringing a new era of modern health services to its community as the Sandy Lake Community Health Center opens its doors today, serving the health needs of the over 2,600 residents living on reserve in the remote, fly-in Northern Ontario community. Over 1,765 square metres, the facility will ensure that more Sandy Lake residents are able to access health services in their community, reducing health outcome disparities and enabling them to get healthcare when and where they want.

    The Community Health Center provides the expanded space, services, and technology required to meet the growing needs of the community. Replacing a smaller, aging health centre and health professional accommodations, the new Centre brings the community’s health services together under one roof. It houses the community’s primary health care services, dental care, vision care, and addictions treatment services. The building is equipped with modern technology that supports its operations onsite as well as telemedicine to deliver health services remotely. The funding will also improve access to diverse healthcare services. The new build includes two detached apartment buildings—with 10 units each—to house nursing staff and health care professionals visiting the community to provide care.   

    Indigenous Services Canada provided over $50 million to support this community-led project. Through this investment, the community is now better equipped to meet the health needs of residents.

    Additional multimedia

    Quotes

    “The Sandy Lake Community Health Center brings us together in one place where our culture and traditions are intertwined with modern medical services. The Centre is a new, spacious facility that improves access to health services for everyone in our community. I am grateful to all who helped create this new space, which will be used for healing, wellness, and recovery. The Health Center will be a cornerstone of our community. It ushers in improved health care for the people of today and for generations to come.”

    Chief Delores Kakegamic
    Sandy Lake First Nation

    “Supporting First Nations to develop modern, culturally appropriate, in-community health facilities is an important step in closing the health care gap. Congratulations to Sandy Lake First Nation and the project team for their work and dedication to see the Sandy Lake Community Health Center open its doors.”

    The Honourable Patty Hajdu
    Minister of Indigenous Services

    Quick facts

    • Sandy Lake First Nation, located in Treaty 5 territory, is a remote, fly-in First Nation in Northern Ontario, approximately 222 km northwest of Red Lake, Ontario.

    • The Sandy Lake Community Health Center is a modern 1,765 square metre facility with improved accessibility designed to meet the needs of flow and functionality for health care delivery and includes:

      • primary facility;
      • two resident apartment buildings with ten units each;
      • new storage garage;
      • back-up generator; and
      • bulk fuel storage and distribution system.       

    • The Health Centre is designed to reduce environmental impacts through increased energy efficiency, decreased greenhouse gas emissions, and built with sustainable materials.

    • The former community health centre and health professional accommodations will be re-purposed by the community to run additional health programming and administration.

    Associated links

    Contacts

    For more information, media may contact:

    Councillor Cynthia Fiddler
    Sandy Lake First Nations
    807-738-2403

    Jennifer Kozelj
    Press Secretary
    Office of the Honourable Patty Hajdu
    Minister of Indigenous Services and Minister responsible for FedNor
    jennifer.kozelj@sac-isc.gc.ca

    ISC Media Relations
    819-953-1160
    media@sac-isc.gc.ca

    Stay connected

    Join the conversation about Indigenous Peoples in Canada:

    Twitter: @GCIndigenous
    Facebook: @GCIndigenous
    Instagram: @gcindigenous

    You can subscribe to receive our news releases and speeches via RSS feeds. For more information or to subscribe, visit www.isc.gc.ca/RSS.

    MIL OSI Canada News –

  • MIL-OSI Canada: Strengthening self-governance, Anishinabek-led education

    Source: Government of Canada News (2)

    News release

    October 25, 2024 —North Bay, Ontario — Kinoomaadziwin Education Body and Crown-Indigenous Relations and Northern Affairs Canada

    The Kinoomaadziwin Education Body (KEB) and the Government of Canada are taking important steps to strengthen education self-governance and support better education outcomes for Anishinabek First Nations students.

    Today, KEB Vice-Chairperson Lise Kwekkeboom, alongside Anishinabek Nation Grand Council Chief Linda Debassige and the Honourable Gary Anandasangaree, Minister of Crown-Indigenous Relations, announced new funding of more than $20 million per year to support education infrastructure and governance. This means that Anishinabek Education System (AES) participating First Nations will be able to make sure their schools are in the best shape to support students.

    This funding will help ensure communities, including approximately 2,000 students, have the resources they need to succeed while remaining connected to Anishinabek culture and language. Communities know what their kids need, and this funding will ensure they can execute that for the next generation.

    Working collaboratively based on the affirmation of rights, respect, co-operation, and partnership is key to achieving reconciliation with Indigenous Peoples in Canada.

    Quotes

    “We are excited to gain access to funding that will assist Anishinabek Education System First Nation communities in self-governance of education for their students. While this funding is an amazing step forward in supporting communities to take control of their own education, we look forward to continuing to work with Canada on how we continue supporting our First Nations in language, culture and academic learning, improving and promoting student success and wellness whether they attend First Nation schools or within the provincial education systems.”

    Lise Kwekkeboom
    Director of Education, Chippewas of Rama First Nation and Secretary, Kinoomaadziwin Education Body

    “The Anishinabek Education System First Nations have been largely operating and supporting their education system though programs and services funding. The increased allocation of governance funding creates more opportunities for the First Nations to hire key education positions and to utilize all programs and services funding for initiatives that directly benefit Anishinabek students.”

    Nancy O’Donnell
    Kinoomaadziwin Education Body, Director of Education

    “All kids deserve a worldclass education, and Indigenous communities know best how to deliver that for their students. This federal funding will support and improve self-governing education. In partnership with Kinoomaadziwin Education Body, we are making sure that Anishinabek Education System (AES) schools are in the best shape to support 2000 students.”

    The Honourable Gary Anandasangaree
    Minister of Crown-Indigenous Relations

    Quick facts

    • The Kinoomaadziwin Education Body serves 23 of the 39 Anishinabek First Nations in Ontario.

    • The funding provided to the Kinoomaadziwin Education Body is the result of new fiscal policy approaches applied to education sectoral self-governments under Canada’s collaborative self-government fiscal policy, which was co-developed with First Nations partners and implemented in 2019 to better reflect the costs of self-government.

    • Education sectoral self-government agreements provide Indigenous governments with the ability to establish an education system that meets the needs of students in participating communities and is reflective of the educational and cultural priorities of these communities.

    • Strengthening self-governing education aligns with Canada’s efforts to achieve the objectives set out in Article 14 of the United Nations Declaration on the Rights of Indigenous Peoples.

    Associated links

    Contacts

    For more information, media may contact:

    Bahoz Dara Aziz
    Director, Communications and Issues Management
    Office of the Honourable Gary Anandasangaree
    Minister of Crown-Indigenous Relations
    bahoz.daraaziz@rcaanc-cirnac.gc.ca

    Media Relations
    Crown-Indigenous Relations and Northern Affairs Canada
    819-934-2302
    RCAANC.media.CIRNAC@sac-isc.gc.ca

    Eva Brown
    Communications Manager
    Kinoomaadziwin Education Body
    705-333-9732
    Eva.Brown@a-e-s.ca

    Stay connected

    Join the conversation about Indigenous Peoples in Canada:

    X: @GCIndigenous
    Facebook: @GCIndigenous
    Instagram: @gcindigenous

    X: @AnishinabekEd
    Facebook: @AnishinabekEducation
    Instagram: @AnishinabekEd

    You can subscribe to receive our news releases and speeches via RSS feeds. For more information or to subscribe, visit www.cirnac.gc.ca/RSS.

    MIL OSI Canada News –

  • MIL-OSI Russia: Chair’s Statement Fiftieth Meeting of the IMFC – Mr. Mohammed Aljadaan, Minister for Finance of Saudi Arabia

    Source: IMF – News in Russian

    October 25, 2024

    In the context of the Fiftieth Meeting of the IMFC that took place in Washington, D.C. on 24th and 25th October, several IMFC members discussed the global macroeconomic and financial impact of current wars and conflicts, including with regard to Russia, Ukraine, Israel, Gaza, Lebanon, and in other places. IMFC members underscored that all states must act in a manner consistent with the Purposes and Principles of the UN Charter in its entirety. They acknowledged, however, that the IMFC is not a forum to resolve geopolitical and security issues which are discussed in other fora.

     

    ****

    IMFC members agreed on the following text:

     

    Securing a soft landing and breaking from the current low growth-high debt path are the policy priorities for the global economy. We welcome the IMF’s efforts to enhance its surveillance, lending toolkit, and capacity development, and become more representative. Looking ahead, we remain committed to multilateral cooperation to promote global prosperity and address shared challenges.

     

    1. The global economy has moved closer to a soft landing. Economic activity has proven resilient, with global growth steady and inflation continuing to moderate. However, this masks important divergences across countries. Uncertainty remains significant and some downside risks have increased. Ongoing wars and conflicts continue to impose a heavy burden on the global economy. Medium-term growth prospects remain weak, and global public debt has reached record highs.
    1. We will work to further secure a soft landing while stepping up our reform efforts to shift away from a low growth-high debt path and address other medium-term challenges. Fiscal policy should pivot toward consolidation, where needed, to ensure debt sustainability and rebuild buffers. Consolidation should be underpinned by credible medium-term plans and institutional frameworks while protecting the vulnerable and supporting growth-enhancing public and private investments. Monetary policy must ensure inflation returns durably to target, consistent with central bank mandates, remain data-dependent, and be well communicated. Financial sector authorities should continue to closely monitor risks in banks and non-banks, including from property markets. We will continue to enhance financial regulation and supervision, including via timely finalization and implementation of internationally agreed reforms, and harness the benefits of financial and technological innovation, while mitigating the risks. We will pursue well-calibrated and sequenced growth-enhancing structural reforms to ease binding constraints to economic activity, boost productivity, increase labor market participation, promote social cohesion, and support the climate and digital transitions.
    1. We remain committed to international cooperation to improve the resilience of the global economy and build prosperity, while ensuring the smooth functioning of the international monetary system. We reiterate our commitments on exchange rates, addressing excessive global imbalances, and our statement on the rules-based multilateral trading system, as made in April 2021, and reaffirm our commitment to avoid protectionist measures.
    1. We will continue to support countries as they undertake reforms and address debt vulnerabilities and liquidity challenges. We welcome the progress made on debt treatments under the G20 Common Framework (CF) and beyond. We remain committed to addressing global debt vulnerabilities in an effective, comprehensive, and systematic manner, including stepping up the CF’s implementation in a predictable, timely, orderly, and coordinated manner, and enhancing debt transparency. We look forward to further work at the Global Sovereign Debt Roundtable on ways to address debt vulnerabilities and restructuring challenges. We encourage the IMF and the World Bank to develop further their proposal to support countries with sustainable debt but experiencing liquidity challenges.
    1. We welcome the policy priorities set out in the Managing Director’s Global Policy Agenda, and welcome the start of Ms. Kristalina Georgieva’s second five-year term as Managing Director.
    1. We support the IMF’s surveillance focus on country-tailored advice to help members assess risks, bolster policy and institutional frameworks, and calibrate macrofinancial and macrostructural policies to enhance resilience, ensure debt sustainability, and boost inclusive and sustainable growth. We look forward to the Comprehensive Surveillance Review that will set future surveillance priorities.
    1. We welcome the recent reforms to the lending toolkit. We welcome the completion of the review of PRGT facilities and financing that aims to bolster the IMF’s capacity to support low-income countries in addressing their balance of payments needs, mindful of their vulnerabilities, while restoring the self-sustainability of the Trust. We welcome the Review of Charges and the Surcharge Policy, which will alleviate the financial cost of Fund lending for borrowing countries, while preserving their intended incentives and safeguarding the Fund’s financial soundness. We welcome the enhanced cooperation with the World Bank on climate action, and with the World Bank and the World Health Organization on pandemic preparedness, which will further enhance the effectiveness of IMF support through the Resilience and Sustainability Trust (RST). We look forward to the Review of the GRA Access Limits, the Review of Program Design and Conditionality, the Review of the Short-term Liquidity Line, and the comprehensive Review of the RST. We continue to invite countries to explore voluntary channeling of SDRs, including through MDBs, where legally possible, while preserving their reserve asset status.
    1. We support the IMF’s efforts to strengthen capacity development and to secure appropriate financing. We welcome the ongoing work with the World Bank on the Domestic Resource Mobilization Initiative.
    1. We reaffirm our commitment to a strong, quota-based, and adequately resourced IMF at the center of the global financial safety net. We have secured, or are working to secure, domestic approvals for our consent to the quota increase under the 16th General Review of Quotas (GRQ) by mid-November this year, as well as relevant adjustments under the New Arrangements to Borrow (NAB). As a safeguard to preserve the Fund’s lending capacity in case of a delay in securing timely consent to the quota increase, creditors for Bilateral Borrowing Agreements are working to secure approvals for transitional arrangements for maintaining IMF access to bilateral borrowing. We acknowledge the urgency and importance of realignment in quota shares to better reflect members’ relative positions in the world economy, while protecting the quota shares of the poorest members. We welcome the Executive Board’s ongoing work to develop by June 2025 possible approaches as a guide for further quota realignment, including through a new quota formula, under the 17th
    1. We welcome the new 25th chair on the Executive Board for Sub-Saharan Africa, strengthening the voice and representation of the region. We also welcome Liechtenstein as a new member. We appreciate staff’s high-quality work and dedication to support the membership. We encourage further efforts to improve staff diversity and inclusion. We reiterate our commitment to strengthen gender diversity at the Executive Board and will continue to work to achieve the voluntary objectives to increase the number of women in Board leadership positions.
    1. We reiterate our strong commitment to the Fund on its 80th anniversary and look forward to further discussing at our next meeting ways to ensure the Fund remains well-equipped to meet future challenges, in line with its mandate, and in collaboration with partners and other IFIs. We ask our Deputies to prepare for this discussion.
    1. Our next meeting is expected to be held in April 2025.

    Chair

    Mohammed Aljadaan, Minister of Finance, Saudi Arabia

    Managing Director

    Kristalina Georgieva

    Members or Alternates

     

    Ayman Alsayari, Governor of the Saudi Central Bank, Saudi Arabia (Alternate for Mohammed Aljadaan, Minister of Finance, Saudi Arabia)

    Mohammed bin Hadi Al Hussaini, Minister of State for Financial Affairs, United Arab Emirates

    Antoine Armand, Minister of Economy, Finance, and Industry, France

    Luis Caputo, Minister of Economy, Argentina

    Jim Chalmers, Treasurer of Australia

    Carlos Cuerpo, Minister of Economy, Trade and Enterprise, Spain

    Chrystia Freeland, Deputy Prime Minister and Minister of Finance, Canada

    Giancarlo Giorgetti, Minister of Economy and Finance, Italy

    Fernando Haddad, Minister of Finance, Brazil

    Eelco Heinen, Minister of Finance, The Netherlands

    Robert Holzmann, Governor of the Austrian National Bank, Austria

    Katsunobu Kato, Minister of Finance, Japan

    Karin Keller-Sutter, Minister of Finance, Switzerland

    Lesetja Kganyago, Governor, South African Reserve Bank, South Africa

    Christian Lindner, Federal Minister of Finance, Germany

    Mays Mouissi, Minister of Economy and Participations, Gabon

    Changneng Xuan, Deputy Governor of the People’s Bank of China (Alternate for Gongsheng Pan, Governor of the People’s Bank of China)

    Rachel Reeves, Chancellor of the Exchequer, H.M. Treasury, United Kingdom

    Ivan Chebeskov, Deputy Minister of Finance, Russian Federation (Alternate for Anton Siluanov, Minister of Finance, Russian Federation)

    Nirmala Sitharaman, Minister of Finance, India

    Sethaput Suthiwartnarueput, Governor, Bank of Thailand

    Salah-Eddine Taleb, Governor, Bank of Algeria

    Trygve Slagsvold Vedum, Minister for Finance, Norway

    Janet Yellen, Secretary of the Treasury, United States

    Observers

    Agustín Carstens, General Manager, Bank for International Settlements (BIS)

    Mohamed bin Hadi Al Hussaini, Chair, Development Committee (DC) and Minister of State for Financial Affairs, United Arab Emirates

    Christine Lagarde, President, European Central Bank (ECB)

    Paolo Gentiloni, Commissioner for Economy, European Commission (EC)

    Klaas Knot, Chair, Financial Stability Board (FSB) and President of De Nederlandsche Bank

    Richard Samans, Director, Research Department, International Labour Organization (ILO)

    Mathias Cormann, Secretary-General, Organisation for Economic Co-operation and Development (OECD)

    Mohannad Alsuwaidan, Economic Analyst, Organization of the Petroleum Exporting Countries (OPEC)

    Ahunna Eziakonwa, Assistant Secretary-General and UNDP Assistant Administrator, United Nations (UN)

    Penelope Hawkins, Officer-in-Charge, Debt and Development Finance Branch, United Nations Conference on Trade and Development (UNCTAD)

    Ajay Banga, President of the World Bank Group, The World Bank (WB)

    Ngozi Okonjo-Iweala, Director-General, World Trade Organization (WTO)

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/25/pr24396-chairs-statement-fiftieth-meeting-of-the-imfc

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Security: Alaska — Concerned neighbour calls PEI RCMP regarding break-and-enter at private residence, Police Dog assaulted while tracking suspects

    Source: Royal Canadian Mounted Police

    PEI RCMP have arrested three people thanks to a 9-1-1 call from a concerned neighbour alerting police to a possible break and enter in progress.

    After receiving a 9-1-1 call regarding a possible break-and-enter in progress, West Prince RCMP attended a private residence in Alaska, PE. Flashlight beams had been seen moving around in the residence which was unoccupied. As Police arrived a 54-year-old Mont Carmel man, was quickly apprehended. Two other people involved in the incident had earlier fled on foot.

    RCMP Police Dog Services attended the scene, and after a short track, the dog located the two people – a 53-year-old man from St. Chrysostome, PE, and a 33-year-old woman from Cape Wolfe, PE. Based on their behaviours, the police dog team was deployed and both the man and woman were bitten by the dog. Through the course of her arrest the woman did assault the police dog. “Any time a police dog is deployed it is under the control of its handler,” says Corporal Gavin Moore, Media Relations Officer with PEI RCMP. “Police provide many opportunities for suspects to cooperate and turn themselves in before a dog is used, and it is used in cases where the dog can help improve police and public safety,” adds Cpl. Moore.

    A vehicle used by the individuals, found at the scene, was towed as it had stolen licence plates, was not insured or registered. All three individuals were charged and later released. They will appear in court at a later date. The investigation into this incident is ongoing.

    This is the second break-and-enter West Prince RCMP have responded to in two weeks, and in both instances have arrested the suspects involved. PEI RCMP thank the public who called 9-1-1 to report this incident and remind all Islanders to call 9-1-1 any time you suspect an emergency requiring police, fire or medical assistance.

    MIL Security OSI –

  • MIL-OSI Canada: Manitoba Government Celebrates Recipients of 2024 Manitoba Healthy Aging Awards

    Source: Government of Canada regional news

    October 25, 2024

    Manitoba Government Celebrates Recipients of 2024 Manitoba Healthy Aging Awards

    The Manitoba government is honouring Manitobans aged 65 and older at the annual Manitoba Healthy Aging Awards to celebrate people who have dedicated their time to improving the health and well-being of older adults as they age in their homes and communities, Health, Seniors and Long-Term Care Minister Uzoma Asagwara announced today.

    “Seniors have made this province what it is today: a wonderful place to live,” said Asagwara. “These awards are well-deserved, and I want to congratulate each outstanding individual for their dedication to supporting safe and healthy aging in their communities.”

    The minister will present awards in three categories:

    • Older Adult of the Year Award – recognizing older adults who have demonstrated outstanding leadership in advocating for seniors in their communities;
    • Healthy and Active Living Ambassador Award – recognizing older adults helping their peers stay physically active and healthy; and
    • Intergenerational Impact Award – recognizing voluntary contributions of Manitobans that have created innovative solutions to improve the health of older adults in the community through meaningful intergenerational activities.

    The ceremony will be held today at the Manitoba Legislative Building to coincide with Seniors and Elders Month, the minister noted.

    For more information about the awards and award recipients, visit www.gov.mb.ca/seniors/index.html.

    – 30 –

    BACKGROUND INFORMATION ATTACHED

    MIL OSI Canada News –

  • MIL-OSI Europe: Middle East and Ukraine are focus of Ignazio Cassis’ trip to North America

    Source: Switzerland – Department of Foreign Affairs in English

    Federal Councillor Ignazio Cassis, the head of the FDFA, will spend two days in the United States and Canada on 29 and 30 October 2024. As part of Switzerland’s October presidency of the UN Security Council, he will chair a high-level debate on the Middle East in New York on 29 October. From there, he will travel on to Montreal, where a follow-up conference to the June 2024 Summit for Peace in Ukraine at the Bürgenstock resort will be held on 30 October. In Montreal, the focus will be on humanitarian aspects in connection with the search for a peaceful solution to the conflict. Mr. Cassis will hold bilateral talks in Montreal, including with Ukrainian Foreign Minister Andrii Sybiha.

    MIL OSI Europe News –

  • MIL-OSI Canada: Building a more accessible and inclusive Alberta

    Source: Government of Canada regional news

    .
    .

    Every Albertan deserves to have safe and reliable access to public buildings and spaces. To build on Alberta’s barrier-free approach to building codes, the province is unveiling an updated Accessibility Design Guide that will help Albertans understand and apply accessibility requirements outlined in the provincial building code.

    “It is crucial that we eliminate barriers to accessibility so all Albertans can access public spaces with ease. The updated Accessibility Design Guide is a step in the right direction and will help to improve safety and quality of life for people with sensory, cognitive, communication and physical disabilities.”

    Ric McIver, Minister of Municipal Affairs

    An update of the former Barrier-Free Design Guide, the new publication provides detailed information and context to help the public and construction industry understand and apply the provincial building code’s accessibility requirements. The guide recommends best practices that support more inclusive communities so all Albertans can move safely and efficiently through their communities.

    “Our government is dedicated to reducing barriers for people living with disabilities and making Alberta a more inclusive place to live, work and play. This update to the barrier-free design guide is another example of how we’re helping to make our province more accessible for all Albertans.”  

    Jason Nixon, Minister of Seniors, Community and Social Services

    “As work continues to eliminate barriers to accessibility and inclusion for all Albertans, the removal of barriers is of vital importance. As Alberta’s Advocate for Persons with Disabilities I am pleased the updated Accessibility Design Guide will improve accessibility for all Albertans so they can easily access public spaces and fully participate in our province.”

    Greg McMeekin, advocate for persons with disabilities

    The updated guide has some significant changes and additions reflecting the new standards and best practices, capturing seven years of advancements since the 2017 version of the accessibility guide was published. For example, some of the new code requirements are:

    • limited-mobility stalls in public washrooms for people who may need extra room to move or require assistance (e.g. crutches, walkers, canes, arthritis)
    • power doors for all entry and washroom doors
    • safe path of travel from parking areas to the building entrance
    • visual alarms in sleep areas
    • companion seating adjacent to wheelchair seating
    • curb ramps with tactile surface indicators

    The Accessibility Design Guide includes recommendations by the Accessibility Sub-Council of Alberta’s Safety Codes Council that includes groups representing persons with disabilities and building and architecture organizations.

    Quick facts

    • A new edition of the Alberta building code came into force on May 1, 2024.
    • Alberta’s safety codes establish a minimum standard for the safe design, construction and accessibility of buildings across the province.
    • The Accessibility Design Guide includes details that support exceeding minimum code requirements.

    Related information

    • Alberta’s safety codes
    • Accessibility Design Guide


    MIL OSI Canada News –

  • MIL-OSI Canada: CRTC sets rates that will allow for greater choice of Internet services

    Source: Government of Canada News

    Today’s decision sets interim wholesale rates that competitors will pay large telephone companies to access their modern fibre networks. The decision will increase choice of affordable Internet services at the higher speeds Canadians expect.

    October 25, 2024—Ottawa–Gatineau—Canadian Radio-television and Telecommunications Commission (CRTC)

    Today’s decision sets interim wholesale rates that competitors will pay large telephone companies to access their modern fibre networks. The decision will increase choice of affordable Internet services at the higher speeds Canadians expect.

    This is the latest step in implementing the CRTC’s policy to increase Internet competition in Canada. In November 2023, following an expedited process, the CRTC provided competitors with access to fibre networks in Ontario and Quebec, where competition had declined most significantly. In that decision, the CRTC set interim rates that have been successfully used by competitors to offer new options in those provinces.

    In August 2024, following a comprehensive review and a week-long public hearing, the CRTC broadened the access to the large telephone companies’ fibre networks across Canada. In that decision, the CRTC required that access be given by February 13, 2025, and committed to issuing interim rates this year.

    Today’s decision sets those rates. Established using the CRTC’s long-standing approach, these rates are based on a thorough analysis of detailed costing information filed by the large telephone companies. The rates reflect the actual costs of building fibre networks and will allow companies to continue investing in high-quality networks. The rates are consistent with the ones already being used by competitors in Ontario and Quebec.

    Quotes

    “Today’s decision will provide Canadians with new options for Internet, television, home phone, and smart home services. We are already seeing competitors using fibre access to bring new offers in Ontario and Quebec, and we look forward to this broader access benefiting even more Canadians.”

    –  Vicky Eatrides, Chairperson and Chief Executive Officer, CRTC  

    Quick facts

    • The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.
    • Over the coming months, Canada’s large telephone companies will need to provide additional information for the CRTC to finalize the rates.

    Associated links

    General Inquiries
    Telephone: 819-997-0313
    Toll free: 1-877-249-CRTC (2782)
    TTY: 819-994-0423

    MIL OSI Canada News –

  • MIL-OSI USA: Assistive Arm Correction: Kinova Issues Correction for Jaco Assistive Robotic Arm due to Fire Hazard and Burn Risk

    Source: US Food and Drug Administration

    This recall involves correcting devices and does not involve removing them from where they are used or sold. The FDA has identified this recall as the most serious type. This device may cause serious injury or death if you continue to use it without correction.  

    Affected Product

    • Product Names: Jaco Assistive Robotic Arm 
    • Models: 
      • PJ 0000 0001
      • PJ 0000 0012
      • PJ 0090 0001
      • PJ 0090 0006
      • KR MJ2 0001 
    • Lot/Serial Numbers: All lots   

    What to Do

    • Inspect the Jaco Arm for missing parts or scratches, chips, cracks, nicks, or other visible damage to the outer coating of the arm. 
    • Unplug the Jaco arm from the power source if the wheelchair is in contact with a damaged part of the Jaco arm at any time during use. 
    • Contact Kinova Customer Service as soon as possible to have the wheelchair and arm installation assessed for this issue and for assistance with protective pad installation.

    On August 19, 2024, Kinova sent all affected customers an Urgent Medical Device Correction recommending the following actions: 

    For users

    • Contact Kinova Customer Service as soon as possible to arrange for an assessment by phone at 514-277-3777 ext. 2 or by email at support@kinova.ca.
    • Unplug the Jaco arm immediately if the wheelchair is in contact with a damaged part of the Jaco arm in any position at any time.
    • Read the updated user guide found on Kinova’s website.
      • Kinova will send a printed copy of this updated user guide to every user in September 2024.
    • Return the acknowledgement and receipt form attached to the letter and return by email to support@kinova.ca or by mail to: Kinova Customer Service, 4333 de la Grande Allee Boul., Boisbriand, Quebec, Canada J7H 1M7.

    For distributors

    • Share the Urgent Medical Device Correction notice with all Jaco arm users. 
    • Confirm to Kinova that the User Correction Notice was sent to all users.
    • Keep a detailed list of users, when they were contacted, and when they responded. 
      • Make three attempts using two different communication methods to contact users.
    • Provide user contact details (name, phone, email, address) to Kinova. This information will be used only to complete the field corrective action. 
    • Complete a video or in-person assessment for each user who responded to the notice to identify and mitigate the risk that electrical current could flow through the outer coating of the Jaco arm. Kinova will provide remote support for conducting these assessments and review the user and installation guides during each user’s assessment which will include: 
      • Assessing the robotic arm’s installation.
      • Reviewing the robotic arm for damage.
      • Assessing wheelchair integrity based on updated installation requirements.
    • Implement mitigations (i.e. protective pads) to minimize contact between the Jaco arm and other metallic parts and ensure that updated warnings and requirements are acknowledged.

    Reason for Correction

    Kinova is correcting the Jaco assistive robotic arm due to an increased fire hazard if the outer coating of the arm has any damage and makes contact with an electrically powered wheelchair that has electrical leakage from modifications, damage, or malfunction.

    The use of affected product may cause serious adverse health consequences, including burns, other thermal injuries, and death.

    There have been no reported injuries and no reports of death.

    Device Use

    The Jaco assistive robotic arm is intended for use by people who have lost most or all functionality of their arms. The arm replaces the function of one arm on a single side of the body by allowing the user to reach, move, and manipulate objects. It is designed to be installed on a motorized wheelchair and is controlled through the wheelchair’s drive control. 

    Contact Information

    Customers in the U.S. with questions about this recall should contact Kinova Customer Service at 514-277-3777 ext. 2 or by email at support@kinova.ca. 

    Additional FDA Resources

    Unique Device Identifier (UDI)

    The unique device identifier (UDI) helps identify individual medical devices sold in the United States from manufacturing through distribution to patient use. The UDI allows for more accurate reporting, reviewing, and analyzing of adverse event reports so that devices can be identified, and problems potentially corrected more quickly.

    How do I report a problem?

    Health care professionals and consumers may report adverse reactions or quality problems they experienced using these devices to MedWatch: The FDA Safety Information and Adverse Event Reporting Program.

    MIL OSI USA News –

  • MIL-OSI Security: Greenfield — Update: Missing man located deceased

    Source: Royal Canadian Mounted Police

    October 25, 2024, Greenfield, Nova Scotia… The 78-year-old man who was reported missing from Port Hawkesbury on October 3, 2023, has been located deceased.

    His remains were found by a hunter in a wooded area in Greenfield, close to where his abandoned vehicle was parked.

    The death is not believed to be suspicious in nature; however, the investigation is ongoing.

    Our thoughts are with the man’s loved ones at this difficult time.

    File #: 2023-1472245

    -30-

    Contact:

    Sgt. Deepak PRASAD

    Public Information Officer
    Nova Scotia RCMP
    rcmpns-grcne@rcmp-grc.gc.ca

    MIL Security OSI –

  • MIL-OSI: Anoto resolves on a SEK 15 million directed issue, a SEK 50 million rights issue and a set-off issue of SEK 21 million to strengthen the company’s financial position and for the implementation of the company’s business plan

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

    Anoto Group AB (“Anoto” or the “Company“) hereby informs that the Board of Directors has resolved to carry out a directed share issue amounting to approximately SEK 15 million, a rights issue amounting to approximately SEK 50 million and a set-off issue amounting to approximately SEK 21 million. The issues are being carried out in order to strengthen the Company’s financial position and to implement the Company’s business plan. The rights issue is covered by subscription and guarantee undertakings amounting to in total 100 percent. The rights issue, the directed share issue and the set-off issue are subject to approval by an Extraordinary General Meeting.

    Background and Rationale

    Anoto is a global Swedish technology company in digital writing and drawing. The Company develops and manufactures smart pens and related software using its proprietary technology. Anoto bridges the analogue and digital worlds with its solution, pattern recognition, optics and image processing. Anoto’s business idea is to offer an intuitive digital pen that works easily, connecting the art and experience of writing on paper with instant usability on digital devices. The Company has two main business areas: B2C (Livescribe) and B2B (Enterprise Forms). Enterprise Solutions offers digital pens for professional and legal purposes, such as signatures, forms and documents while Livescribe is aimed at consumers who want to use digital pens for note-taking, meetings, messaging and creative applications. Anoto’s sales of hardware and software generate two different types of revenue streams; one-off revenue per digital pen sold from Livescribe and subscription fees from Enterprise Forms.

    Over the last year the Company has recruited a new management team with experience from building and scaling companies on an international scale as well as with a long track-record of successful product launches within the consumer sector. The new management team has, together with the Board of Directors, developed a new consumer centric strategy that is focused on growth and profitability and that includes new product launches including improved supporting software. As a first step, Anoto will launch its new product LivePen in November of 2024. The LivePen is an affordable digital pen that comes along with the accompanying LivePen app. The app allows users to instantly transfer their handwritten notes into digital form, creating a seamless integration between traditional writing and digital platforms. A key part of Anoto’s new strategy is to use a data-driven approach to understand user experiences and feedback. By analysing how users interact with the LivePen and the app, Anoto can continuously improve its products and services. This approach will inform future developments in both the pen and software segments, ensuring that products meet user needs and expectations.

    The demand for digital pens is expected to be strong and grow over the coming years, and Anoto sees a high potential for the LivePen as well as for the next-generation of digital pens and supporting software where, inter alia, Artificial intelligence (AI) powered handwriting and orientation recognition will be central. In order to capture these growth opportunities, the Company will need to build inventory and invest in marketing for LivePen with the accompanying LivePen app as well as invest in research and development for the next generation of digital pens. In order to facilitate growth, the Company also has a need to strengthen its financial position by reducing debt and improving its working capital.

    In view of the above, the Board of Directors has resolved to carry out a directed share issue of approximately SEK 15 million (the “Directed Issue”), a right issue of approximately SEK 50 million, which is covered by subscription and guarantee undertakings amounting to in total 100 percent (the “Rights Issue”), and a set-of issue of approximately SEK 21 million (the “Set-off Issue”) (and together with the Directed Issue and the Rights Issue the “Issues”).

    The proceeds from the Issues amounts to approximately SEK 86 million before transaction related costs. Of the issue proceeds, approximately SEK 40.0 million relates to set-off of loans in the Issues. The Company intends to use the net proceeds expected to be received in connection with the New Share Issues for the following purposes and in the order of priority set out below.

    The Directed Issue

    • Manufacturing                                                    approximately 47 per cent
    • Selling, general and administrative expenses        approximately 35 per cent
    • Marketing                                                          approximately 7 per cent

    Rights issue

    • Manufacturing                                                    approximately 62 per cent
    • Selling, general and administrative expenses        approximately 27 per cent
    • Marketing                                                          approximately 7 per cent
    • General corporate purpose                                  approximately 4 per cent

    Directed Issue

    The Board of Directors of Anoto has, with deviation from the shareholders’ preferential rights, resolved on the issue of no more than 125,043,750 new ordinary shares at a subscription price of SEK 0.12 per share. Payment for the subscribed shares shall be made through payment in cash or through set-off of claim. The Directed Issue provides the Company with proceeds of a total of approximately SEK 15 million before transaction related. The Directed Issue is subject to the approval by an Extraordinary General Meeting, which is scheduled to be held on 26 November 2024 (the “EGM”). The new shares have been subscribed for by institutional and other qualified investors. Payment for the subscribed shares shall be made no later than on 27 November 2024.

    The reason for the deviation from the shareholders’ preferential rights is that the Company is in great need of capital and the Board of Directors believes that the expected issue proceeds in a timely and cost-effective manner will enable the Company to (i) ensure continued operations until a rights issue has been completed, and (ii) diversify and strengthen the Company’s shareholder base with institutional investors, which justifies the issue’s deviation from the shareholders’ preferential rights. The Directed Issue will, unlike the Rights Issue, broaden the shareholder base and provide the Company with new reputable owners, which the Board of Directors believes will strengthen the liquidity of the share and be favorable for the Company. In light of the above, the Board of Directors has made the assessment that the Directed Issue with deviation from the shareholders’ preferential rights is favorable for the Company and in the best interest of the Company’s shareholders.

    The subscription price has been determined through arm’s length negotiations with the subscribers in the Directed Issue. The Board of Directors has also taken into account that the Rights Issue (as described below) is carried out with a subscription price of SEK 0.12 per ordinary share and has therefore deemed it reasonable that the Directed Issue is carried out on equivalent terms.

    The new shares in the Directed Issue corresponds to approximately 11.3 percent of the total number of shares in the Company after dilution, calculated on the number of shares in the Company after the completion of the Rights Issue and the Set-off Issue and assuming that the Rights Issue is fully subscribed.

    Rights Issue

    The Board of Directors of Anoto has resolved on the issue of no more than 414,823,830 new ordinary shares with preferential rights for the shareholders, raising proceeds of approximately SEK 50 million before transaction related costs. The Rights Issue is subject to the approval by the EGM, which is scheduled to be held on 26 November 2024.

    In the Rights Issue, Anoto’s current shareholders will have a preferential right to subscribe for new shares in proportion to the number of shares held on the record date on 28 November 2024. The last day of trading in Anoto’s share including the right to participate in the Rights Issue will be 26 November 2024. The subscription period is expected to run from 2 December 2024 to 16 December 2024.

    One (1) share held on the record date entitles to one (1) subscription right, according to the proposed terms and conditions. Four (4) subscription rights entitle the holder to subscribe for five (5) new shares. The subscription price has been set to SEK 0.12 per share.

    Shares which are subscribed for without preferential rights will be offered to current shareholders and other investors who have applied to subscribe for new shares without preferential rights. The new shares in the Rights Issue corresponds to approximately 37.6 percent of the total number of shares in the Company after dilution, calculated on the number of shares in the Company after the completion of the Directed Issue and the Set-off Issue and assuming that the Rights Issue is fully subscribed.

    Set-off Issue

    As previously communicated through a press release, on 27 June 2024, the Company entered into a convertible investment agreement with Mark Stolkin and DDM Debt AB, two major shareholders in Anoto, providing Anoto with a total of USD 1.5 million in the form of convertible loans (the “Investment Agreement“). The Investment Agreement has since been increased by a total of USD 0.5 million with the following investors having adhered the Investment Agreement: Gary Butcher, BLS Futures Limited, Rocco Homes Ltd, Machroes Holdings Ltd and Adrian Weller.

    Under the terms of the Investment Agreement, upon the request of a lender, the outstanding loan amount, in full or in part, plus accrued interest, shall be converted into newly issued ordinary shares of the Company at a conversion price of SEK 0.42, which corresponds to the current quota value of the shares, and at a fixed exchange rate of 10.51 SEK/USD. However, in the event of a Qualified Financing Round (see further details in the press release published by the Company on 27 June 2024) the outstanding loan amounts shall automatically be converted into newly issued ordinary shares in Anoto at a conversion price corresponding to 75 percent of the subscription price in the Qualified Financing Round.

    Due to the Rights Issue constituting a Qualified Financing Round, the Board of Directors has resolved on a directed issue of a total of 230,636,111 ordinary shares with payment by way of set-off to the lenders Mark Stolkin, DDM Debt AB, Gary Butcher, BLS Futures Limited, Rocco Homes Ltd., Machroes Holdings Ltd and Adrian Weller. The subscription price per ordinary share is SEK 0.09, which corresponds to 75 percent of the subscription price in the Rights Issue. The subscription price in the Set-off Issue has been determined in accordance with the Investment Agreement between Anoto and the lenders. Payment shall be made through set-off of claims in connection with subscription. The Set-off Issue is subject to the approval by the EGM, which is scheduled to be held on 26 November 2024.

    The new shares in the Set-Off Issue correspond to approximately 20.9 percent of the total number of shares in the Company after dilution, calculated on the number of shares in the Company after the completion of the Directed Issue and the Rights Issue and assuming that the Rights Issue is fully subscribed.

    Subscription undertakings and guarantee commitments

    Anoto has received subscription undertakings amounting to approximately 30.2 percent of the Rights Issue from existing shareholders.

    Furthermore, the Company has entered into underwriting agreements consisting of a so-called bottom guarantee of approximately SEK 21.2 million, corresponding to approximately 42.6 percent of the Rights Issue, and a so-called top guarantee of approximately SEK 13.6 million, corresponding to approximately 27.3 percent of the Rights Issue. The bottom guarantee ensures, provided that subscription takes place at least corresponding to the subscription undertakings, that approximately 72.7 percent of the Rights Issue is subscribed and paid. The top guarantee ensures that 100 percent of the Rights Issue is subscribed for and paid for, provided that subscriptions are at least equivalent to the subscription undertakings and the bottom guarantee.

    For the guarantee undertakings a fee of 14 percent of the guaranteed amount is paid in cash compensation or in the form of new shares. The guarantee undertakings is subject to customary conditions. The guarantee undertaking is not secured through a bank guarantee, blocked funds, or pledge of collateral or similar arrangement.  

    New Board Member

    Adrian Weller, one of the investors in the Directed Issue and the Set-off Issue, will be proposed as a new member of the Board of Directors at the EGM scheduled to be held on 26 November 2024.

    Extraordinary General Meeting

    The Rights Issue is subject to approval by the EGM scheduled to be held on 26 November 2024. Notice to the EGM will be published in a separate press release later today and will be available on www.anoto.com.

    Prospectus

    Complete terms and conditions for the Rights Issue, as well as other information regarding the Company, will be provided in the prospectus that is planned to be published on or about 29 November 2024. The Prospectus which will be published on the Company’s website (www.anoto.com).

    Advisers

    Setterwalls Advokatbyrå is acting as legal advisor and Bergs Securities AB (“Bergs Securities”) is acting as Sole Global Coordinator and Bookrunner to the Company in connection with the Issues.

    This information constitutes inside information as Anoto Group AB (publ) is obliged to disclose under the EU Market Abuse Regulation 596/2014. The information was provided by the contact person below for publication 25 October 2024 at 08:15 CEST.

    For further information, please contact:

    Kevin Adeson, Chairman of the board of Anoto Group AB (publ)

    For more information about Anoto, please visit www.anoto.com or email ir@anoto.com

    Anoto Group AB (publ), Reg.No. 556532-3929, Flaggan 1165, SE-116 74 Stockholm

    About Anoto Group

    Anoto is a publicly held Swedish technology company known globally for innovation in the area of information-rich patterns and the optical recognition of those patterns. It is a lead-er in digital writing and drawing solutions, having historically used its proprietary technology to develop smartpens and related software. These smartpens enrich the daily lives of millions of people around the world. Anoto currently has three main business lines: Livescribe retail, Enterprise Forms and OEM. Anoto also holds a stake in Knowledge AI, a leading AI based education solution company. Anoto is traded on the Small Cap list of Nasdaq Stockholm under ANOT.

    IMPORTANT INFORMATION

    The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in the Company in any jurisdiction where such offer would be considered illegal. This press release does not constitute an offer to sell or an offer to buy or subscribe for shares issued by the Company in any jurisdiction where such offer or invitation would be illegal. In a member state within the European Economic Area (“EEA”), shares referred to in the press release may only be offered in accordance with applicable exemptions under the Prospectus Regulation.

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

    In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

    A prospectus will be prepared in connection with the offering and admission to trading of shares in Anoto. The prospectus will be scrutinized and approved by the Swedish Financial Supervisory Authority. The Swedish Financial Supervisory Authority’s approval of the prospectus should not be understood as an endorsement of the securities being offered and admitted to trading. The prospectus will contain a description of the risks and rewards associated with an investment in Anoto and potential investors are recommended to read the prospectus in its entirety before making an investment decision.

    The prospectus will be published by the Company on or around 29 November 2024 and available on the Company’s website, www.anoto.com. This release is however not a prospectus in accordance to the definition in the Prospectus Regulation. In accordance with article 2 k of the Prospectus Regulation this press release constitutes an advertisement. Complete information regarding the Rights Issue can only be obtained through the Prospectus. Anoto has not authorized any offer to the public of shares or rights in any other member state of the EEA. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the new shares. Any investment decision in connection with the Rights Issue must be made on the basis of all publicly available information relating to the Company and the Company’s shares. Such information has not been independently verified by Bergs Securities. Bergs Securities is acting for the Company in connection with the transaction and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for giving advice in relation to the transaction or any other matter referred to herein.

    Information to distributors

    Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in Anoto have been subject to a product approval process, which has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “Target Market Assessment”). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares in Anoto may decline and investors could lose all or part of their investment; the shares in Anoto offer no guaranteed income and no capital protection; and an investment in the shares in Anoto is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Rights Issue.

    For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in Anoto.

    Each distributor is responsible for undertaking its own target market assessment in respect of the shares in Anoto and determining appropriate distribution channels.

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Australian funds back British economy with major moves to the UK

    Source: United Kingdom – Executive Government & Departments

    A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK. 

    • Prime Minister Keir Starmer continues drive on growth during historic first visit to the Pacific   

    • This comes as Australian superannuation fund Aware Super forms a strategic partnership with a British property firm to invest up to £1 billion in UK property 

    • Australian boost builds on the major success of International Investment Summit last week, which included a further £2.4 billion of investment from Down Under

    A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.   

    The boost comes as UK firms break into the New Zealand banking sector, growing jobs in the UK, and expanding their global operations.    

    Australia’s biggest pension fund, AustralianSuper is also preparing to bolster its international investment team in London, in a major vote of confidence for the UK as a global asset management centre.

    The Fund expects to manage £250 billion from its London office by 2035, an increase of more than 10 times over the next decade, from its current management of around £15 billion from its UK base.

    The Prime Minister met the CEO of the Australian firm, Paul Schroder, on arrival in Samoa yesterday to discuss the move.   

    Meanwhile, Aware Super, one of Australia’s top performing and largest profit-for-member superannuation funds, has formed a strategic partnership with Delancey Real Estate to invest up to an initial £1 billion in UK property, further bolstering UK – Australia economic ties.

    Its initial focus will be on Central London office sites in prime locations, upgrading and renovating properties to ensure they meet environmental standards and deliver on the partnership’s commitment to reducing carbon emissions in the property market.

    Prime Minister Keir Starmer said:

    “These investments are a major vote of confidence in the UK, and in this government.

    “I am determined to ensure that UK is the best place in the world to invest and do business, so we improve the lives of hardworking people.

    “By attracting strong, sustained investment, we will also build the expertise we need to drive innovation, stay ahead of the global game, and support economies around the world with British backed projects.”

    AustralianSuper chief executive Paul Schroder said:

    “We invest heavily in Australia, but our size requires an increasingly international focus. We are ramping up our investment capabilities in the UK as it is one of the world’s leading gateways to both talent and global markets, which are key for driving future returns for members.

    “By 2035 we expect to manage approximately £250 billion of investments from our London hub, which will represent a significant portion of our global portfolio. We have great confidence in the fundamentals of the UK economy and the country’s commitment to global growth.

    “This underpins our confidence in the investments we have already made in the UK such as the Canada Water urban regeneration project, London’s King’s Cross Estate, Peel Ports Group and Vantage Data Centers. We also see great potential for new investment opportunities in the energy transition, digital infrastructure, mixed-use estates, transport and logistics.”

    Aware Super chief executive Deanne Stewart:

    “Aware Super has strong confidence in the UK economy and markets and is pleased to announce a ground-breaking new commercial partnership that will invest up to an initial £1 billion, an exciting milestone that will coincide with the first anniversary of establishing our London Office.” 

    Meanwhile, UK firms obconnect and Raidiam have been making waves in the New Zealand banking sector, rolling out the British Confirmation of Payee (CoP) system to revolutionise banking in the country, in partnership with the NZ Banking Association.  

    No other companies are currently able to offer the same service, with the partnership combining specialist expertise of the two British companies to serve as a fulcrum for data sharing and facilitating fraud prevention across any territory.   

    The deal has allowed the companies to expand their UK operations to more than 250 people.   

    The win for the British companies come after mobile banking app Revolut broke into the New Zealand market last year. The firm is preparing to expand their operations in the country from 4 FTEs focused on New Zealand investments, to 10 over the next 12 months.   

    The British business wins coincide with the UK securing CPTPP ratification from Australia in the next step towards accession of the trading bloc – the first non-founding country to do so.   

    The boost in Australian investment also comes after a string of Australian announcements as part of the government’s International Investment Summit, which attracted more £63 billion of investment into the UK economy and created 38,000 jobs.   

    They included Australian firms Macquarie supporting investment of £1.3 billion into new green infrastructure and IFM investing more than £1.1 billion through Manchester Airports Group into London Stansted Airport to expand its existing terminal by around a third. The investment will secure new air routes to key business and leisure destinations, boost local supply chains and create 5,000 jobs.   

    The Prime Minister’s visit to Samoa for the Commonwealth Heads of Government Meeting is the first by a sitting Prime Minister to a Pacific Island. During the summit, the Prime Minister will make the case to build resilient economies across the Commonwealth to unlock growth and investment.

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Press release: Australian funds back British economy with major moves to the UK

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK. 

    • Prime Minister Keir Starmer continues drive on growth during historic first visit to the Pacific   

    • This comes as Australian superannuation fund Aware Super forms a strategic partnership with a British property firm to invest up to £1 billion in UK property 

    • Australian boost builds on the major success of International Investment Summit last week, which included a further £2.4 billion of investment from Down Under

    A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.   

    The boost comes as UK firms break into the New Zealand banking sector, growing jobs in the UK, and expanding their global operations.    

    Australia’s biggest pension fund, AustralianSuper is also preparing to bolster its international investment team in London, in a major vote of confidence for the UK as a global asset management centre.

    The Fund expects to manage £250 billion from its London office by 2035, an increase of more than 10 times over the next decade, from its current management of around £15 billion from its UK base.

    The Prime Minister met the CEO of the Australian firm, Paul Schroder, on arrival in Samoa yesterday to discuss the move.   

    Meanwhile, Aware Super, one of Australia’s top performing and largest profit-for-member superannuation funds, has formed a strategic partnership with Delancey Real Estate to invest up to an initial £1 billion in UK property, further bolstering UK – Australia economic ties.

    Its initial focus will be on Central London office sites in prime locations, upgrading and renovating properties to ensure they meet environmental standards and deliver on the partnership’s commitment to reducing carbon emissions in the property market.

    Prime Minister Keir Starmer said:

    “These investments are a major vote of confidence in the UK, and in this government.

    “I am determined to ensure that UK is the best place in the world to invest and do business, so we improve the lives of hardworking people.

    “By attracting strong, sustained investment, we will also build the expertise we need to drive innovation, stay ahead of the global game, and support economies around the world with British backed projects.”

    AustralianSuper chief executive Paul Schroder said:

    “We invest heavily in Australia, but our size requires an increasingly international focus. We are ramping up our investment capabilities in the UK as it is one of the world’s leading gateways to both talent and global markets, which are key for driving future returns for members.

    “By 2035 we expect to manage approximately £250 billion of investments from our London hub, which will represent a significant portion of our global portfolio. We have great confidence in the fundamentals of the UK economy and the country’s commitment to global growth.

    “This underpins our confidence in the investments we have already made in the UK such as the Canada Water urban regeneration project, London’s King’s Cross Estate, Peel Ports Group and Vantage Data Centers. We also see great potential for new investment opportunities in the energy transition, digital infrastructure, mixed-use estates, transport and logistics.”

    Aware Super chief executive Deanne Stewart:

    “Aware Super has strong confidence in the UK economy and markets and is pleased to announce a ground-breaking new commercial partnership that will invest up to an initial £1 billion, an exciting milestone that will coincide with the first anniversary of establishing our London Office.” 

    Meanwhile, UK firms obconnect and Raidiam have been making waves in the New Zealand banking sector, rolling out the British Confirmation of Payee (CoP) system to revolutionise banking in the country, in partnership with the NZ Banking Association.  

    No other companies are currently able to offer the same service, with the partnership combining specialist expertise of the two British companies to serve as a fulcrum for data sharing and facilitating fraud prevention across any territory.   

    The deal has allowed the companies to expand their UK operations to more than 250 people.   

    The win for the British companies come after mobile banking app Revolut broke into the New Zealand market last year. The firm is preparing to expand their operations in the country from 4 FTEs focused on New Zealand investments, to 10 over the next 12 months.   

    The British business wins coincide with the UK securing CPTPP ratification from Australia in the next step towards accession of the trading bloc – the first non-founding country to do so.   

    The boost in Australian investment also comes after a string of Australian announcements as part of the government’s International Investment Summit, which attracted more £63 billion of investment into the UK economy and created 38,000 jobs.   

    They included Australian firms Macquarie supporting investment of £1.3 billion into new green infrastructure and IFM investing more than £1.1 billion through Manchester Airports Group into London Stansted Airport to expand its existing terminal by around a third. The investment will secure new air routes to key business and leisure destinations, boost local supply chains and create 5,000 jobs.   

    The Prime Minister’s visit to Samoa for the Commonwealth Heads of Government Meeting is the first by a sitting Prime Minister to a Pacific Island. During the summit, the Prime Minister will make the case to build resilient economies across the Commonwealth to unlock growth and investment.

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Australia funds back British economy with major moves to the UK

    Source: United Kingdom – Executive Government & Departments

    A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.

    A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.

    • Prime Minister Keir Starmer continues drive on growth during historic first visit to the Pacific   
    • This comes as Australian superannuation fund Aware Super forms a strategic partnership with a British property firm to invest up to £1 billion in UK property 
    • Australian boost builds on the major success of International Investment Summit last week, which included a further £2.4 billion of investment from Down Under

    The boost comes as UK firms break into the New Zealand banking sector, growing jobs in the UK, and expanding their global operations.    

    Australia’s biggest pension fund, AustralianSuper is also preparing to bolster its international investment team in London, in a major vote of confidence for the UK as a global asset management centre.

    The Fund expects to manage £250 billion from its London office by 2035, an increase of more than 10 times over the next decade, from its current management of around £15 billion from its UK base.

    The Prime Minister met the CEO of the Australian firm, Paul Schroder, on arrival in Samoa yesterday to discuss the move.   

    Meanwhile, Aware Super, one of Australia’s top performing and largest profit-for-member superannuation funds, has formed a strategic partnership with Delancey Real Estate to invest up to an initial £1 billion in UK property, further bolstering UK – Australia economic ties.

    Its initial focus will be on Central London office sites in prime locations, upgrading and renovating properties to ensure they meet environmental standards and deliver on the partnership’s commitment to reducing carbon emissions in the property market.

    Prime Minister Keir Starmer said:

    These investments are a major vote of confidence in the UK, and in this Government.

    I am determined to ensure that UK is the best place in the world to invest and do business, so we improve the lives of hardworking people.

    By attracting strong, sustained investment, we will also build the expertise we need to drive innovation, stay ahead of the global game, and support economies around the world with British backed projects.

    AustralianSuper chief executive Paul Schroder said:   

    We invest heavily in Australia, but our size requires an increasingly international focus. We are ramping up our investment capabilities in the UK as it is one of the world’s leading gateways to both talent and global markets, which are key for driving future returns for members.

    By 2035 we expect to manage approximately £250 billion of investments from our London hub, which will represent a significant portion of our global portfolio. We have great confidence in the fundamentals of the UK economy and the country’s commitment to global growth.

    This underpins our confidence in the investments we have already made in the UK such as the Canada Water urban regeneration project, London’s King’s Cross Estate, Peel Ports Group and Vantage Data Centers. We also see great potential for new investment opportunities in the energy transition, digital infrastructure, mixed-use estates, transport and logistics.

    Aware Super chief executive Deanne Stewart:

    Aware Super has strong confidence in the UK economy and markets and is pleased to announce a ground-breaking new commercial partnership that will invest up to an initial £1 billion, an exciting milestone that will coincide with the first anniversary of establishing our London Office.

    Meanwhile, UK firms obconnect and Raidiam have been making waves in the New Zealand banking sector, rolling out the British Confirmation of Payee (CoP) system to revolutionise banking in the country, in partnership with the NZ Banking Association.  

    No other companies are currently able to offer the same service, with the partnership combining specialist expertise of the two British companies to serve as a fulcrum for data sharing and facilitating fraud prevention across any territory.   

    The deal has allowed the companies to expand their UK operations to more than 250 people.   

    The win for the British companies come after mobile banking app Revolut broke into the New Zealand market last year. The firm is preparing to expand their operations in the country from 4 FTEs focused on New Zealand investments, to 10 over the next 12 months.   

    The British business wins coincide with the UK securing CPTPP ratification from Australia in the next step towards accession of the trading bloc – the first non-founding country to do so.   

    The boost in Australian investment also comes after a string of Australian announcements as part of the government’s International Investment Summit, which attracted more £63 billion of investment into the UK economy and created 38,000 jobs.   

    They included Australian firms Macquarie supporting investment of £1.3 billion into new green infrastructure and IFM investing more than £1.1 billion through Manchester Airports Group into London Stansted Airport to expand its existing terminal by around a third. The investment will secure new air routes to key business and leisure destinations, boost local supply chains and create 5,000 jobs.   

    The Prime Minister’s visit to Samoa for the Commonwealth Heads of Government Meeting is the first by a sitting Prime Minister to a Pacific Island.  During the summit, the Prime Minister will make the case to build resilient economies across the Commonwealth to unlock growth and investment.

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Press release: Australia funds back British economy with major moves to the UK

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.

    A further billion pounds of investment will be injected into the British economy as the Prime Minister continues his drive to attract foreign business back to the UK.

    • Prime Minister Keir Starmer continues drive on growth during historic first visit to the Pacific   
    • This comes as Australian superannuation fund Aware Super forms a strategic partnership with a British property firm to invest up to £1 billion in UK property 
    • Australian boost builds on the major success of International Investment Summit last week, which included a further £2.4 billion of investment from Down Under

    The boost comes as UK firms break into the New Zealand banking sector, growing jobs in the UK, and expanding their global operations.    

    Australia’s biggest pension fund, AustralianSuper is also preparing to bolster its international investment team in London, in a major vote of confidence for the UK as a global asset management centre.

    The Fund expects to manage £250 billion from its London office by 2035, an increase of more than 10 times over the next decade, from its current management of around £15 billion from its UK base.

    The Prime Minister met the CEO of the Australian firm, Paul Schroder, on arrival in Samoa yesterday to discuss the move.   

    Meanwhile, Aware Super, one of Australia’s top performing and largest profit-for-member superannuation funds, has formed a strategic partnership with Delancey Real Estate to invest up to an initial £1 billion in UK property, further bolstering UK – Australia economic ties.

    Its initial focus will be on Central London office sites in prime locations, upgrading and renovating properties to ensure they meet environmental standards and deliver on the partnership’s commitment to reducing carbon emissions in the property market.

    Prime Minister Keir Starmer said:

    These investments are a major vote of confidence in the UK, and in this Government.

    I am determined to ensure that UK is the best place in the world to invest and do business, so we improve the lives of hardworking people.

    By attracting strong, sustained investment, we will also build the expertise we need to drive innovation, stay ahead of the global game, and support economies around the world with British backed projects.

    AustralianSuper chief executive Paul Schroder said:   

    We invest heavily in Australia, but our size requires an increasingly international focus. We are ramping up our investment capabilities in the UK as it is one of the world’s leading gateways to both talent and global markets, which are key for driving future returns for members.

    By 2035 we expect to manage approximately £250 billion of investments from our London hub, which will represent a significant portion of our global portfolio. We have great confidence in the fundamentals of the UK economy and the country’s commitment to global growth.

    This underpins our confidence in the investments we have already made in the UK such as the Canada Water urban regeneration project, London’s King’s Cross Estate, Peel Ports Group and Vantage Data Centers. We also see great potential for new investment opportunities in the energy transition, digital infrastructure, mixed-use estates, transport and logistics.

    Aware Super chief executive Deanne Stewart:

    Aware Super has strong confidence in the UK economy and markets and is pleased to announce a ground-breaking new commercial partnership that will invest up to an initial £1 billion, an exciting milestone that will coincide with the first anniversary of establishing our London Office.

    Meanwhile, UK firms obconnect and Raidiam have been making waves in the New Zealand banking sector, rolling out the British Confirmation of Payee (CoP) system to revolutionise banking in the country, in partnership with the NZ Banking Association.  

    No other companies are currently able to offer the same service, with the partnership combining specialist expertise of the two British companies to serve as a fulcrum for data sharing and facilitating fraud prevention across any territory.   

    The deal has allowed the companies to expand their UK operations to more than 250 people.   

    The win for the British companies come after mobile banking app Revolut broke into the New Zealand market last year. The firm is preparing to expand their operations in the country from 4 FTEs focused on New Zealand investments, to 10 over the next 12 months.   

    The British business wins coincide with the UK securing CPTPP ratification from Australia in the next step towards accession of the trading bloc – the first non-founding country to do so.   

    The boost in Australian investment also comes after a string of Australian announcements as part of the government’s International Investment Summit, which attracted more £63 billion of investment into the UK economy and created 38,000 jobs.   

    They included Australian firms Macquarie supporting investment of £1.3 billion into new green infrastructure and IFM investing more than £1.1 billion through Manchester Airports Group into London Stansted Airport to expand its existing terminal by around a third. The investment will secure new air routes to key business and leisure destinations, boost local supply chains and create 5,000 jobs.   

    The Prime Minister’s visit to Samoa for the Commonwealth Heads of Government Meeting is the first by a sitting Prime Minister to a Pacific Island.  During the summit, the Prime Minister will make the case to build resilient economies across the Commonwealth to unlock growth and investment.

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Wave of the future: How DASA-backed AI innovation is revolutionising maritime rescue

    Source: United Kingdom – Government Statements

    Scotland-based SME Zelim has won a contract with the US Navy to deploy their innovative AI-enabled Person-in-Water detection and tracking technology, known as ZOE.

    • Zelim’s detection and tracking system uses AI to scan the water surface to find people in the water much more accurately and consistently than human eyes and current systems can
    • Low-cost and easy to integrate, the software solution can be implemented in any camera or CCTV setup
    • DASA funding has helped take the solution from concept to commercial project, which is now being used on commercial ships, offshore energy infrastructure and commercial ports
    • In 2024, Zelim was awarded a US Navy contract to deploy ZOE – their advanced AI-enabled person in water detection and tracking technology

    In 2024, Edinburgh-based SME Zelim achieved a remarkable milestone: securing a contract with the US Navy to deploy an advanced Person-in-Water detection system. This breakthrough, rooted in artificial intelligence, represents a significant leap forward in maritime rescue technology – and it all began with support from the UK’s Defence and Security Accelerator (DASA).

    The US Navy contract, awarded through a Phase I SBIR (Small Business Innovation Research) program, recognises Zelim’s cutting-edge AI-enabled detection and tracking technology. This system, known as ZOE, can scan vast stretches of ocean, identifying and tracking individuals or objects with unprecedented accuracy – even in challenging conditions that would confound human observers and current vision systems.

    How did a small Scottish company attract the attention of the US Navy? In 2022, Zelim presented the search and rescue concept to the DASA Open Call, which offered essential early-stage funding and expertise, allowing Zelim to turn their idea into reality. Zelim’s DASA project helped the SME tackle significant challenges, such as gathering person in water rescue data across a huge range of conditions and creating a comprehensive database for accurately identifying humans in water – a critical component in making the system reliable enough for real-world rescue operations.

    Andy Tipping, Co-Founder and Business Development Director explains:

    The DASA offering is unique, we had a DASA Subject Matter Expert who was always on hand to keep us on track and to make sure whatever we developed would meet defence customer needs, plus we had an Exploitation Manager working tirelessly to secure meetings with a range of MoD and Home Office end users. The result was, by the end of the project we started securing our first contracts in civilian markets, selling our AI enabled detection system to offshore energy operators and several months later our technology was selected for the US Navy SBIR programme. Being a DASA Alumni also gave credibility and it wasn’t long after the project completed that we secured our Series A investment round.

    From UK Innovation to US Navy Contract

    As soon as someone enters the water, rescuers are against the clock. This is greatly understood by Zelim founder, Sam Mayall, a seasoned mariner with a wide range of experience, from small dinghies to 40,000-ton ships. With a background in commercial shipping, Sam has experienced numerous emergencies at sea, including a tragic incident where rescuers discovered a body floating face down in the water.

    This experience ignited the desire to help improve maritime safety for sailors and equip rescuers with better tools, enhanced by AI and automation to ensure safer operations in the vast ocean and help overcome challenges such as:

    • Vastness of Oceans

      Individuals lost at sea can be difficult to spot with only their head often visible, which can be missed or confused with other ocean debris.

    • Poor Weather Conditions

      Fog, ocean spray, and darkness significantly reduce visibility, complicating the search efforts.

    • Imperfect Human Eyesight

      Human vision is fallible; fatigue and level of concentration can lead to false detections and missed rescue opportunities.

    • Reliance on Binoculars or CCTV

      During the critical period, rescuers using only binoculars or viewing camera streams may struggle to keep sight of the individual as they disappear behind waves, sea spray and other vessels

    • Parallax Effect

      The difference in movement speeds between foreground and background can confuse existing vision systems.

    Charting new waters with ZOE

    Zoe works by scanning the sea surface, sifting through the busy marine surroundings to pinpoint individuals or specific objects. These targets can then be recognised, identified, and tracked using their unique AI software.

    A key advantage of ZOE is its flexibility in accounting for the dynamic and chaotic nature of the sea, avoiding false positives from objects like buoys by analysing live daylight and thermal camera feeds for human-like patterns. Zelim spent several years compiling a comprehensive data library to ensure reliable identification, solving the last piece of the puzzle for effective ocean rescue.

    Additionally, ZOE is software-based and hardware agnostic, applicable to any camera or CCTV feed, making it ideal for commercial shipping, passenger vessels, naval ships, search and rescue aircraft and ports.

    How Zelim’s innovation can bolster search and rescue

    • Compatible with various camera systems
    • Alerts users to humans in water with 96% accuracy from 300 meters
    • Operates effectively in adverse weather and low light
    • Automatically tracks spotted individuals, preventing loss
    • Easy-to-install software managing multiple feeds, with local data processing
    • More efficient than traditional methods like binoculars and standard sensors

    Zelim’s ZOE detection solution in action

    Breaking into defence and civilian markets: What does the future hold for Zelim?

    DASA support proved invaluable for Zelim. By the end of the DASA project, Zelim had not only created a working prototype but had also begun securing their first contracts in civilian markets, including:

    • Jack-up drilling rigs in the North Sea
    • A floating wind farm off the coast of Portugal owned by Ocean Winds
    • A cruise ship

    The effectiveness of Zelim’s solution was evident during field trials, demonstrating its accuracy, measurability, and consistency. The system can achieve 96% accuracy from over 330 meters without applying optical zoom, and with optical zoom, it can spot humans in the water over a kilometre away.

    These capabilities caught the attention of defence organisations worldwide. In addition to the US Navy contract, Zelim’s technology was also deployed in a Royal Canadian Air Force search and rescue exercise in 2024, where it demonstrated its ability to find and track humans at sea with no false positives.

    The company’s growth reflects its success. Starting the DASA project with just 10 employees, Zelim has now expanded to a team of 28, with further growth anticipated as they work to fulfill the US Navy and offshore energy contracts.

    Looking ahead, Zelim plans to increase deployment of their technology on ships, major global ports, search and rescue assets, and air assets. This ambitious growth strategy underscores the far-reaching impact of DASA’s initial support – from fostering UK innovation to enhancing global maritime safety and creating economic opportunities.

    The US Navy contract stands as a testament to the power of targeted innovation support. By backing Zelim’s vision, DASA has not only contributed to advancing a innovative UK technology but has also opened doors for a British SME on the global stage, demonstrating how investment in innovation can yield significant returns for both national security and prosperity.

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: White Helmets International Donor Group statement on 10 year anniversary of humanitarian efforts in Syria

    Source: United Kingdom – Executive Government & Departments

    International Government Donors from the UK, Canada, Denmark, France, Germany, Qatar and the United States have released a joint statement marking the 10th anniversary of the White Helmets in Syria.

    Statement from the UK, Canada, Denmark, France, Germany, Qatar and the United States on the 10th anniversary of the White Helmets:

    Today, the Syrian White Helmets mark their 10th anniversary. For a decade, the humanitarian organization has worked tirelessly and courageously to save the lives of those worst affected by the conflict in Syria. As Syria continues to face unprecedented humanitarian and human rights challenges, international government donors commend the tremendous efforts and courage of the 3,000 dedicated volunteers who work for the White Helmets.  

    The White Helmets’ work has been crucial in providing relief, assistance and hope to vulnerable populations in Syria, since the organisation’s official foundation in 2014. 

    The needs of Syrians remain at an all-time high. Communities in the northwest of the country affected by ongoing military attacks, depleted public services due to deliberate military targeting, forced displacement and the long-term impact of the 2023 earthquakes are in desperate need of relief. White Helmets volunteers have been a constant in uncertain times, and remain the primary search and rescue operator, and the largest provider of critical services like emergency medical care, demining and community resilience.  

    As members of the White Helmets International Donor Group, we recognize the incredible courage and commitment of these ordinary men and women who are doing extraordinary work each day. 

    Over the past decade, the White Helmets have evolved from a number of small, grassroots volunteer groups into a renowned Syrian-led institution. Their growth has been marked by a steadfast commitment to meeting the needs of the people of Syria. Amidst extremely difficult circumstances, the White Helmets continue to bear witness and strive for justice and accountability, for all violations of International Humanitarian Law. 

    Partnerships have been an important factor in this evolution, and we are proud to have supported the White Helmets work. Our collaboration with the White Helmets is part of our commitment to support the Syrian people more broadly, and to contribute to the building of lasting peace and stability in Syria in line with United Nations Security Council Resolution 2254.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI: OTC Markets Group Announces Quarterly Index Performance and Rebalancing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the third quarter 2024 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

    The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up 7.5% in Q3 2024. 32 new companies joined the Index while 47 companies were removed. Talen Energy Corp (TLN) went to NASDAQ on 7/10/2024. FirstSun Capital Bancorp (FSUN) went to NASDAQ on 7/12/2024. Collective Mining Ltd (CNL) went to NYSE MKT on 7/22/2024. Grayscale Ethereum Trust (ETHE) went to NYSE ARCA on 7/23/2024.

    The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was up 7.7% in Q3 2024. 2 new companies joined the Index and 3 companies were removed.

    The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was up 7.6% in Q3 2024. 15 new companies joined the Index, while 13 companies were removed.

    The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, was up 11.3% in Q3 2024. 9 companies joined the Index while 15 companies were removed.

    The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up 7.5% in Q3 2024. 13 new companies joined the Index while 29 companies were removed.

    The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies index was up 9.5% in Q3 2024. 6 new companies joined the Index while 18 companies were removed.

    The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 4.4% in Q3 2024. 19 new companies joined the Index while 19 companies were removed.

    The OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was up slightly 0.8% in Q3 2024. 1 new company joined the Index while 3 companies were removed.

    The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was up 4.0% in Q3 2024. 74 companies were added to the index while 107 companies were removed. RDE Inc (RSTN) went to NASDAQ on 8/7/2024.

    For a list of all index additions and deletions, visit
    https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

    All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.

    The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.

    All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.

    Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.

    OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

  • MIL-OSI Economics: AGNICO EAGLE ANNOUNCES INVESTMENT IN ATEX RESOURCES INC.

    Source: Agnico Eagle Mines

    Stock Symbol: AEM (NYSE and TSX)

    TORONTO, Oct. 25, 2024 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has agreed to subscribe for 33,869,939 units (“Units”) of ATEX Resources Inc. (TSXV: ATX) (“ATEX”) in a non-brokered private placement at a price of C$1.63 per Unit for total consideration of US$40,000,000 (approximately C$55,208,000). Each Unit is comprised of one common share of ATEX (a “Common Share”) and one-half of one common share purchase warrant of ATEX (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of C$2.50 for a period of five years following the closing date of the private placement, subject to acceleration in certain circumstances. Closing is expected to occur on or about October 30, 2024 and is subject to certain conditions.

    The investment in ATEX is consistent with Agnico Eagle’s historical practice of strategic equity investments in projects with high geological potential. It provides Agnico Eagle with exposure to an early stage, copper-gold exploration project in Chile, an established mining jurisdiction. The Company continues to focus on its portfolio of high-quality internal growth projects, and complements its pipeline of projects with a strategy of acquiring strategic toehold positions in prospective opportunities.

    Agnico Eagle does not currently own any Common Shares or Warrants. On closing of the private placement, and after giving effect to two other share issuance transactions to be completed by ATEX concurrently with the private placement, Agnico Eagle will own 33,869,939 Common Shares and 16,934,969 Warrants, representing approximately 13.21% of the issued and outstanding Common Shares on a non-diluted basis and approximately 18.59% of the Common Shares on a partially-diluted basis, assuming exercise of the Warrants held by Agnico Eagle.

    On the closing of the private placement, Agnico Eagle and ATEX will enter into an investor rights agreement, pursuant to which Agnico Eagle will be granted certain rights, provided Agnico Eagle maintains certain ownership thresholds in ATEX, including: (a) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership in ATEX at the time of such financing or acquire up to a 19.99% ownership interest, on a partially-diluted basis, in ATEX; and (b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of ATEX to ten or more directors, two persons) to the board of directors of ATEX.

    Agnico Eagle is acquiring the Common Shares and Warrants for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares, common share purchase warrants or other securities of ATEX or dispose of some or all of the Common Shares, Warrants or other securities of ATEX that it owns at such time.

    An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

    Agnico Eagle Mines Limited
    c/o Investor Relations
    145 King Street East, Suite 400
    Toronto, Ontario M5C 2Y7
    Telephone: 416-947-1212
    Email: investor.relations@agnicoeagle.com

    Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. ATEX’s head office is located at 50 Richmond Street East, Toronto, Ontario  M5C 1N7.

    About Agnico Eagle

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    Forward-Looking Statements

    The information in this news release has been prepared as at October 25, 2024. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “may”, “will” or similar terms.

    Forward-looking statements in this news release include, without limitation, statements relating to the expected closing date of the Transaction, Agnico Eagle’s ownership interest in ATEX upon closing of the private placement, Agnico Eagle’s acquisition or disposition of securities of ATEX in the future and the terms of the investor rights agreement.

    Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

    View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-announces-investment-in-atex-resources-inc-302286914.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Economics –

  • MIL-OSI United Kingdom: UK to chair global Earth observation group with bold ambitions for data uptake 

    Source: United Kingdom – Executive Government & Departments

    The UK has assumed the Chair of the Committee on Earth Observation Satellites.

    Credit: ESA/ATG Medialab

    • UK Space Agency Chief Executive Dr Paul Bate has assumed the Chair of the Committee on Earth Observation Satellites (CEOS), the international body responsible for coordinating observations of the Earth from space. 

    • The UK’s priority will be to unlock the power of Earth observation from space to benefit society, from improving public services to inspiring the next generation with a Youth Summit in Bath in November 2025. 

    As CEOS celebrates its 40th anniversary at the annual CEOS Plenary in Montreal, the CEOS Community of space and meteorological agencies and other groups has also renewed its collective commitment to CEOS’ mission and efforts in responding to global challenges for the good of humanity, with the agreement of the Montreal Statement. 

    Satellite Earth observation data can deliver significant public benefits in areas ranging from climate and biodiversity monitoring, disaster management, clean energy and urban planning. 

    The UK is involved in a range of Earth observation missions that contribute to global capabilities. These include leadership of the European Space Agency’s TRUTHS mission, which will improve confidence in climate forecasts; Biomass, which will monitor the world’s forests; Microcarb, a ground-breaking French-UK satellite mission for carbon monitoring; and the various Sentinel missions of the European Copernicus programme with its associated user-facing Services.  As well as these missions, the UK are experts in the use of the data for applications ranging from cutting edge science, operational services, new commercial and public sector services.

    Handover of CEOS Chair with (L) Eric Laliberté, Director General, Space Utilization, Canadian Space Agency and outgoing CEOS Chair, and (R) UK Space Agency CEO Dr Paul Bate.

    The UK Space Agency’s role as CEOS Chair will be to oversee the activities of CEOS and ensure it is achieving the objectives of its work plan. The UK Space Agency has proposed four priorities to champion data-driven solutions for major global challenges over the 12-month period as Chair, within the theme of ‘Unlocking Earth Observation for Society’: 

    1. Using Earth observation to improve public services. 

    2. Increasing use of space data in the Global Stocktakes of the United Nations Framework Convention on Climate Change (UNFCCC). 

    3. Supporting development of Methane emissions measurement best-practices. 

    4. Inspiring the next generation through a new ‘CEOS in Schools’ initiative. 

    As Chair, an early task will be to represent CEOS on the global stage and promote its goals and objectives, starting at next month’s COP-29 in Baku, Azerbaijan, and continuing throughout 2025.  

    Dr Paul Bate, CEO of the UK Space Agency, said: 

    For 40 years, CEOS has been uniting the global community to champion the transformative potential of satellites and Earth Observation.   

    I’m proud to be chairing this globally-valued committee and will use the next year to demonstrate how, by working together across borders, we can harness space technology for the benefit of our societies, our shared environment, and our economies.

    Unlocking EO for Public Service

    The UK will create opportunities for CEOS’ agencies to share their national perspectives and explore how to bridge the gap between data and public sector services, including hosting a workshop in September 2025 ahead of the UK’s CEOS Plenary 2025, in Bath, Somerset in November.  This supports work to get Earth observation tools and information embedded it on UK public sector policies at the national and local scale.  

    Éric Laliberté, CEOS Chair 2024 on behalf of the Canadian Space Agency said: 

    We congratulate the UK Space Agency on assuming the chairmanship role and are committed to ensuring that data-driven decisions pave the way for increasingly sustainable practices. 

    Together, we are advancing the role of satellite Earth observation in creating sustainable solutions for the future of our societies and natural environments.

    Unlocking EO for the Global Stocktake 

    The Global Stocktake of the United Nations Framework Convention on Climate Change (UNFCCC) is a process for evaluating progress on climate action at a global level and identifying gaps. Over the next 12 months, the UK will work closely with Japanese Space Agency, JAXA, and the CEOS working group on Climate to study lessons learned from the previous Global Stocktake. The aim is to refine CEOS strategies to enhance the use of Earth observation data in the next Global stock-take for global climate action.   

    Professor John Remedios, NCEO Director, said:   

    The National Centre for Earth Observation is very pleased to see the UK taking on leadership on the world stage. The UK is able to contribute world-leading capability and methods in Earth Observation to the global community.  

    Through this role in CEOS, the UK will be able to support the important collaborative efforts that agencies need to achieve to meet the challenges of climate and of resilience with commitment, rigour and Earth intelligence. We are delighted to be supporting the UK Space Agency in its delegation with scientific advice and connectivity to the leading research in environmental science. 

    Methane Best-Practices 

    Methane is a potent greenhouse gas, with a warming potential approximately ~80 times higher than carbon dioxide over 20 years. Reducing methane emissions is the quickest way to mitigate acute climate risks and is crucial for maintaining the 1.5-degree target. At COP26 in Glasgow, 158 countries committed to reduce global methane emissions by 30% by 2030.  

    The CEOS Greenhouse Gas Task Team is developing best practices for space-based methane measurements, which are crucial for addressing climate change. 

    This work, which is co-led by the UK’s National Physical Laboratory (NPL) and the NASA Jet Propulsion Laboratory, is developing a set of agreed accurate, transparent and trusted best practices for reporting Methane emissions at the facility scale. The UK Space Agency will promote the uptake of these best practices on a global scale, focusing on the Global Methane Pledge to unlock the potential of space-based solutions and support the UK’s commitment to reduce methane emissions. 

    Ally Barker, Vice-chair of the UKspace Trade Association’s EO Committee said: 

    This is an opportune time for the UK to demonstrate its leadership in Earth observation on the global stage.  UK industry looks forward to working closely with the UK Space Agency as it takes on the Chair of CEOS to maximise the societal and economic benefits of EO for the UK and the world.

    CEOS in Schools 

    The UK Space Agency is set to pilot a CEOS mechanism aimed at inspiring the next generation. This initiative will demonstrate to students, aged 14-16, how satellite Earth Observation is used to address global issues such as climate change, environmental protection, and disaster management, while also allowing those students to experience the power of international collaboration. 

    The programme will put experts into schools to bring the topics of climate and space to life and then bring students together from across the world for online workshops to discuss the topics with their peers. The programme will culminate in the first CEOS Youth Summit where students will have the opportunity to present and discuss their work with senior Earth observation experts, giving young people a voice in CEOS. 

    Met Office Services Director Simon Brown said: 

    It’s an exciting time for the UK to take up this prestigious role in CEOS. Earth observations are at the heart of us delivering world leading weather and climate services and we are proud of the observations we get through the collaboration of European member states at EUMETSAT and underpinned by national and ESA Missions.  

    Access to Earth observations is changing and I look forward to working closely with UK Space Agency team to grow, influence and be part of the changing space endeavour to advance Earth observations to protect us from weather extremes.

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom –