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Category: Canada

  • MIL-OSI Canada: Deputy Prime Minister announces action to protect and create good-paying jobs for Canadian workers

    Source: Government of Canada News

    Workers are at the heart of Canada’s economy. For our economy and for every generation to reach their full potential, Canadian workers need good-paying jobs. We’re doing this by making investments that increase productivity, boost innovation, and accelerate the flow of capital into Canada. And we’re doing everything we can to protect Canadian workers from unfair competition.

    October 22, 2024 – Ottawa, Ontario – Department of Finance Canada
     

    Workers are at the heart of Canada’s economy. For our economy and for every generation to reach their full potential, Canadian workers need good-paying jobs. We’re doing this by making investments that increase productivity, boost innovation, and accelerate the flow of capital into Canada. And we’re doing everything we can to protect Canadian workers from unfair competition.

    Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside the Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, and the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, announced further action to protect and create jobs for Canadian workers.

    First, the Deputy Prime Minister and Minister of Finance announced that effective today, imports of certain Chinese-made steel and aluminum products are subject to a 25 per cent tariff. These tariffs will help level the playing field to protect Canadian workers whose job security is being put at risk by China’s unfair, intentional, and state-directed trade practices of oversupply and overcapacity, as well as its lack of robust environmental and labour standards. Through this action in lockstep with key trading partners, Canada is also preventing trade diversion with these tariffs.

    Recognizing that Canadian businesses may need time to adjust, the federal government is prepared to offer tariff relief in certain, exceptional circumstances to help make sure that Canadian workers aren’t punished as new supply chains are established. Canadian businesses can apply for relief by emailing remissions-remises@fin.gc.ca. Requests received before November 8, 2024, will be processed on a priority basis.

    Second, the Minister of Employment, Workforce Development and Officials Languages announced further robust reforms to the Temporary Foreign Worker Program to ensure the labour market is fair for Canadian workers. Some employers are using the Temporary Foreign Worker Program to hire from abroad at lower wages than what they would pay Canadians. This undercuts Canadians’ wage growth and the number of available jobs, puts temporary foreign workers into precarious situations, and erodes confidence in our immigration system.

    To protect Canadian workers from unfair wage competition, starting November 8, 2024, the hourly wage criteria for the high-wage stream will be raised to 20 per cent above the median hourly wage—between $5 per hour and $8 per hour—depending on the province or territory. This will incentivize employers to hire Canadians before turning to the program and encourage greater wage growth. And to crack down on employers who provide false information on their applications, starting October 28, 2024, the government is implementing stringent new data verification processes, which will ensure only genuine and legitimate job offers are approved.

    Third, the Ministers launched new measures to secure Canada’s artificial intelligence (AI) advantage, including the $200 million Regional Artificial Intelligence Initiative. AI is already unlocking growth and job opportunities in industries across the economy and helping many Canadian workers become more productive. In the past year, job growth in AI increased by nearly one third in Canada—among the highest growth of any sector. And most AI jobs pay well above the average income.

    Today, the government is launching two key parts of its $2.4 billion AI package to ensure the economic benefits of AI reach all corners of our country. Through the new $200 million Regional Artificial Intelligence Initiative, Canada’s Regional Development Agencies will support AI start-ups to bring new technologies to market, and drive AI adoption by small businesses in critical sectors across the economy, such as agriculture, clean technology, health care, and manufacturing. In addition, the National Research Council of Canada Industrial Research Assistance Program is receiving $100 million to help small- and medium-sized businesses scale up and increase productivity by building and deploying new AI solutions.

    The federal government’s economic plan is taking action to protect and create good-paying jobs for Canadian workers. We are protecting workers from unfair Chinese competition and from having their wages undercut. And we are investing in the technologies that create good-paying jobs, accelerate innovation, and boost productivity, so workers can focus on what they do best. This is all part of our plan to raise wages, increase living standards, and build a Canada that’s fairer for every generation.

    Katherine Cuplinskas
    Deputy Director of Communications
    Office of the Deputy Prime Minister and Minister of Finance
    Katherine.Cuplinskas@fin.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Manitoba Government Increases Investment in Ste. Agathe Infrastructure Project

    Source: Government of Canada regional news

    The Manitoba government is investing $48.6 million in a major bridge crossing, named after Louis Riel, the first premier of Manitoba, to ensure the safe, efficient movement of people, goods and services, Premier Wab Kinew and Transportation and Infrastructure Minister Lisa Naylor announced today.

    “Our government is committed to improving infrastructure across the province and will continue to consult with municipalities to identify the highest priority projects.” said Naylor. “The rehabilitation of the Louis Riel Bridge will improve safety as well as enhance and streamline inter-community travel.”

    The major structure rehabilitation contract for the Louis Riel Bridge on Provincial Road (PR) 305 began this August. The rehabilitation of the bridge will include major foundation works and feature the construction of a new bridge riding surface, which will be wider than the existing with two 3.7-metre travel lanes with 1.8-metre shoulders, plus a 2.7-metre-wide pedestrian pathway. The rehabilitation work will be completed in stages with both stages scheduled to be completed by September 2026. Completion of all work is scheduled for later in the fall-winter of 2026, noted the minister.

    “Our government is committed to improving infrastructure across the province,” said Naylor. “This project will improve safety and enhance inter-community connections.”

    The Louis Riel Bridge in Ste. Agathe was originally constructed in 1959 and is a vital east-west link over the Red River connecting people, businesses and agricultural land to Provincial Trunk Highway (PTH) 75. Named in honour of Louis Riel, founder of the province of Manitoba and his contributions toward justice for Métis rights and cultural representation, investment in the ongoing integrity of this structure is a priority for the Manitoba government, noted the premier.

    “The rehabilitation of the Louis Riel Bridge is an important project for our community and the region. This bridge serves as a critical link for residents, businesses, and agricultural operations, and its modernization will ensure safe and efficient travel for all,” said Mayor Chris Ewen, Ritchot. “We are deeply grateful for the provincial investment in this infrastructure, which honours the legacy of Louis Riel and supports our growth and prosperity for generations to come.”

    The bridge will remain open during construction with a single lane controlled by signal lights at each end of the bridge. This is an active construction area and drivers are encouraged to move through with extra caution and consider allowing extra time when traveling in this area.

    Information on this project, frequently asked questions and design details can be found on the Manitoba Transportation and Infrastructure website at http://www.gov.mb.ca/mti/projects.html.

    This project supports Manitoba’s multi-year infrastructure investment strategy, which outlines planned strategic investments in roads, highways, bridges, airports and flood protection over the next five years in Manitoba.

    For more information on Manitoba’s Multi-Year Infrastructure Investment Strategy, visit: http://www.gov.mb.ca/mti/myhis/index.html.

    MIL OSI Canada News –

  • MIL-OSI USA: Department of Labor obtains judgment to recover $120K in wages, damages from Huddle House franchisee who withheld wages, made illegal deductions

    Source: US Department of Labor

    OKLAHOMA CITY – The U.S. Department of Labor has obtained a consent judgment and injunction to recover $120,000 in back wages and liquidated damages for 177 Oklahoma restaurant workers whose employer deducted time for lunch breaks not taken and failed to pay employees for all hours worked.

    The Sept. 18, 2024, judgment in the U.S. District Court for the Western District of Oklahoma against Gregg Hansen – operator of Huddle House franchise locations in Ardmore, Edmond and Oklahoma City – follows an investigation by the department’s Wage and Hour Division that found the employer’s pay practices from October 2019 to February 2023 violated federal minimum wage and overtime provisions.

     “Gregg Hansen has deprived hundreds of low-wage workers at his Huddle House franchise locations of their full, hard-earned wages,” explained Wage and Hour Division District Director Michael Speer in Oklahoma City. “The Wage and Hour Division is determined to stop employers who repeatedly and willfully disregard federal labor regulations and hold them accountable for such blatant violations.”

    The division previously cited the Chattanooga, Tennessee-based employer for similar violations at the same Oklahoma locations from 2016 to 2021, and at its locations in Missouri, Tennessee, and Texas. The willful and repeated nature of Hansen’s Fair Labor Standards Act violations prompted the department to pursue legal remedies. 

    At one point owning nearly 20 locations in nine states, Gregg Hansen has been known as one of the largest Huddle House franchise operators in the nation. The Huddle House brand is owned by Ascent Hospitality Management in Sandy Springs, Georgia, a multi-brand restaurant company with nearly 600 Huddle House and Perkins Restaurant & Bakery locations in the U.S. and Canada. 

    Learn more about the Wage and Hour Division, including a search tool to use if you think you may be owed back wages collected by the division. Workers and employers can call the division’s toll-free helpline at 866-4US-WAGE (487-9243), regardless of where they are from. Calls are confidential and the division can speak with callers in more than 200 languages. 

    Download the agency’s new Timesheet App for iOS and Android devices, now available in English and Spanish, to ensure hours and pay are accurate. 

    Lea en Español 

    MIL OSI USA News –

  • MIL-OSI Global: The Canadian Arctic shows how understanding the effects of climate change requires long-term vision

    Source: The Conversation – Canada – By James Schaefer, Professor of Biology, Trent University

    Embrace change, they say, or become a casualty. This adage weighed heavily on my mind during my latest research trip to the Arctic. Repeatedly, I found myself clutching the .303 calibre rifle over my shoulder — a piece of equipment I once considered unnecessary.

    As my research assistants and I crossed the tundra of Victoria Island in northern Canada, firearms were only the most obvious addition to our gear. Each of us carried a whistle around our neck, a canister of bear spray on our hip, and new alertness in our routine. Back at our camp near Wellington Bay, Nunavut, an electric fence surrounded our tents. Grizzly bears were new inhabitants on this island. Safety called for different provisions and a different mindset.

    After three decades, I had returned north with a purpose: to assess how tundra plants were responding in a rapidly changing climate. For my assistants and me, the plan was straightforward. We would return to the exact sites I had studied some 30 years earlier, to evaluate how they had changed during those intervening years.

    By the end, I learned a more fundamental point: that perseverance, and long-term planning, are the key to enabling scientific progress and unlocking ecological secrets.



    Read more:
    2023 was the hottest year in history — and Canada is warming faster than anywhere else on earth

    Alarming pace of change

    In the Arctic, the pace of environmental change is especially troubling. Species like grizzlies and orcas are advancing northward, weather is more volatile and sea ice is shrinking — driven by temperatures rising nearly four times more quickly than the global average.

    The Arctic is the earth’s air conditioner. Disruptions at the top of the world could reverberate elsewhere.

    While the significance of the Arctic is planetary, an encounter with the land is intensely personal.

    North of the treeline, in the expanse of arctic tundra, you take in the whole horizon. In summer, you hear the distant bugling of cranes and geese as you walk boundlessly in the midnight sun.

    In winter, you may come upon a band of caribou as you travel atop the wind-sculpted snow. Once you’ve stood north of the treeline, your worldview is transformed.

    I am one of those transformed individuals. As a graduate student in the 1990s, I resided at Ekalluktok — a special place on the south coast of Victoria Island where the migrations of char and caribou intersect, where Inuit have lived for thousands of years. Here I studied the abundance and variety of tundra plants.

    Today, the Arctic has already blown past 2 C of warming. Understanding the effects of climate change on this island could provide insights into the dynamics of change across the entire Arctic region.

    Plants, foundation of the food chain, are a top research priority. Shifts in the flora are likely to be consequential to herbivores such as muskoxen and caribou — and therefore to people.

    Measuring change

    Nature reveals her swings and proclivities with reluctance. To prise open those mysteries, I added a key ingredient: time. On this return trip, I intended to walk back decades to uncover the response of plants in an altered climate by using precisely the same methods at precisely the same locations as I had in the 1990s.

    For deciphering ecological change, it’s a potent recipe: measure, add decades, repeat.

    Measuring the vegetation, I knew, would be straightforward. In the wry words of the pioneering British botanist, John Harper, “plants stand still and wait to be counted.”

    Our more immediate challenge was finding those same locations. Three decades earlier, in the days before GPS, I had marked each location with a metal stake. Now, I trusted that stakes, too, “stand still and wait to be revisited.”

    For weeks, my assistants and I scoured the land for those stakes, guided by maps, memory and a metal detector. And our search — sometimes easy and direct, sometimes meandering and desperate — yielded 98 per cent of them.



    Read more:
    Accepting uncertainty in sustainable fisheries is essential in a rapidly changing Arctic

    At each stake, we bent low, occasionally on hands and knees, to tally the abundance of sedges, shrubs, lichens and diminutive wildflowers. It was a repeat performance from my original study almost three decades earlier.

    Those repeat observations revealed long-term shifts in vegetation, some unexpected.

    Grasses and sedges increased substantially, an example of arctic greening, regarded as one of the world’s clearest illustrations of climate change effects. Some species — notably purple saxifrage, the official flower of Nunavut — declined dramatically, contributing to arctic browning.

    Many other plants showed no apparent change, suggesting climatic resilience, at least over decades. But across the Arctic, the picture of vegetation change remains incomplete, complicated by variations among species and regions. Sustained science will be needed to unravel this ecological complexity.

    Funding the long-term

    That broader message, unforeseen to me at the outset, is now clear.

    Without precisely paired observations, the vegetation shifts at Ekalluktok would have been indistinct. Elegant in their simplicity, repeat observations offer a double vantage point: an instant retrospective for decoding the past and a foundation for monitoring the future.

    But long-term studies are still uncommon. They demand sustained investment, at odds with conventional, short-term cycles of scientific training and funding.

    Managing change starts with awareness. And in a changing world, sustained science will be essential to interpret, mitigate and steer us along a favourable path. Conservation is not a sprint, but a determined trek toward better understanding and a better future.

    James Schaefer received funding from Arctic Species Conservation Fund (WWF-Canada), Kenneth M. Molson Charitable Foundation, Northern Studies Training Program (Polar Knowledge Canada), Symons Trust for Canadian Studies, and Trent University.

    – ref. The Canadian Arctic shows how understanding the effects of climate change requires long-term vision – https://theconversation.com/the-canadian-arctic-shows-how-understanding-the-effects-of-climate-change-requires-long-term-vision-238496

    MIL OSI – Global Reports –

  • MIL-OSI Security: Yellowknife — “G” Division RCMP to host Peace Officer’s Memorial Ceremony

    Source: Royal Canadian Mounted Police

    Each year across the country on the last Sunday of September, communities gather to honor and remember those Police and Peace Officers who gave their lives in service to Canada.

    This year, RCMP Constable Rick O’Brien, who was killed serving his community, will have his name added to the national memorial in Ottawa. 2024 will mark the 45th anniversary of the national event held on Parliament Hill.

    Here in the Northwest Territories, a ceremony will take place in front of the cenotaph at RCMP Headquarters in Yellowknife at 11:00 a.m. on September 29th. We will gather to recognize those who have died in service to Canada’s Arctic region and ensure the magnitude of their sacrifice is not forgotten. The public is encouraged to attend. Road closures will be in place.

    MIL Security OSI –

  • MIL-OSI Security: Yellowknife — Yellowknife RCMP respond to fatal collision

    Source: Royal Canadian Mounted Police

    At approximately 5:00p.m. on September 27th, Yellowknife RCMP were dispatched to a report of a collision between a vehicle and a pedestrian in the downtown core of Yellowknife.

    Officers attended the scene and found a 62-year-old female pedestrian had been struck by a vehicle. She was taken to hospital and later pronounced deceased.

    Investigation led to officers formulating grounds to believe the driver of the vehicle was intoxicated. The driver was arrested at the scene and remains in custody at this time.

    This matter is under investigation in partnership with the Office of the Chief Coroner.

    The Yellowknife RCMP believe there are witnesses to this tragic occurrence and are asking anyone in the area with information to contact the Yellowknife RCMP at 669-1111 or Crime Stoppers at http://www.p3tips.com.

    Officers are requesting anyone with video or photos of the accident or the moments leading up to it to come forward to police. This could include cellphone video or photos, dashcam footage or businesses with exterior video footage in the area of 50th Street and Franklin Avenue and the downtown liquor store.

    A further update will be provided at a later time.

    MIL Security OSI –

  • MIL-OSI Security: Yellowknife — [UPDATE] Yellowknife RCMP lay charges in fatal collision

    Source: Royal Canadian Mounted Police

    At approximately 5:00p.m. on September 27th, Yellowknife RCMP were dispatched to a report of a collision between a vehicle and a pedestrian in the downtown core of Yellowknife.

    Officers attended the scene and found a 62-year-old female pedestrian had been struck by a vehicle. She was taken to hospital and later pronounced deceased.

    Investigation led to officers formulating grounds to believe the driver of the vehicle was intoxicated. The driver was arrested at the scene.

    As a result of the investigation, a 34-year-old Délı̨nę man has been charged with:

    · Operation while impaired of a conveyance, contrary to section 320.14(1)(a) of the Criminal code

    · Operation while impaired of a conveyance causing death, contrary to section 320.14(3) of the criminal code

    He appeared before a Justice of the Peace and was released, next appearing in Yellowknife Territorial Court on October 29th, 2024.

    This matter remains under investigation in partnership with the Office of the Chief Coroner.

    The Yellowknife RCMP believe there are witnesses to this tragic occurrence and are asking anyone in the area with information to contact the Yellowknife RCMP at 669-1111 or Crime Stoppers at http://www.p3tips.com.

    Officers are requesting anyone with video or photos of the accident or the moments leading up to it to come forward to police. This could include cellphone video or photos, dashcam footage or businesses with exterior video footage in the area of 50th Street and Franklin Avenue and the downtown liquor store.

    MIL Security OSI –

  • MIL-OSI Security: Ulukhaktok — Ulukhaktok RCMP respond to overdue boater

    Source: Royal Canadian Mounted Police

    On September 27th, 2024, Ulukhaktok RCMP were made aware that a resident of the community had failed to return from a boating trip in an 18-foot red Lund boat. An RCMP Search Manager was immediately assigned to the matter. Ulukhaktok Search and Rescue had begun a search for the man.

    The Joint Rescue Coordination Center (JRCC) took charge of the search on the water. Numerous resources were deployed to the search including two Canadian Coast Guard vessels (including Coast Guard Auxiliary) and rotary wing aircraft, a C-130 Hercules as well as local search and rescue vessels.

    Ulukhaktok Search and Rescue ground crews continued search efforts to Kiijivik camp and inland, as well as around the hamlet.

    After intensive efforts, JRCC has suspended the search at this time.

    The Ulukhaktok RCMP would like to thank all of the volunteers and searchers who tirelessly contributed to the search efforts.

    MIL Security OSI –

  • MIL-OSI Canada: Death of an inmate from Bowden Institution

    Source: Government of Canada News (2)

    On October 21, 2024, Caleb Head, an inmate from Bowden Institution, died while in our custody.

    October 23, 2024 – Innisfail, Alberta – Correctional Service Canada

    On October 21, 2024, Caleb Head, an inmate from Bowden Institution, died while in our custody.

    At the time of death, the inmate was 32 years old and had been serving an indeterminate sentence since December 1, 2017.

    The inmate’s next of kin have been notified.

    As in all cases involving the death of an inmate, the Correctional Service of Canada (CSC) will review the circumstances. CSC policy requires that the police and the coroner be notified.

    Roxane Braun
    Media Relations and Outreach Advisor – Prairies
    Regional Headquarters
    306-514-2203

    MIL OSI Canada News –

  • MIL-OSI Security: Yellowknife — Yellowknife RCMP urge public to secure parked vehicles

    Source: Royal Canadian Mounted Police

    Yellowknife RCMP are urging members of the public to ensure their vehicles are secure with no valuables visible when parking. Officers routinely respond to reports of residents having their vehicles rummaged through across all areas of the city and many of these instances could be preventable.

    Leaving items such as purses, wallets phones and other electronics in a vehicle makes it an easy target for theft. Ensure your vehicle is locked before leaving it.

    With winter around the corner, the RCMP also reminds the public not to leave vehicles running with keys inside, even if for a short time, as this makes vehicle theft only too easy to carry out.

    Help the RCMP reduce crime by taking these small precautions. Stay safe and protect what’s yours!

    MIL Security OSI –

  • MIL-OSI Security: Whatì — Whatì RCMP respond to assault with a weapon

    Source: Royal Canadian Mounted Police

    On October 6th, 2024, Whatì RCMP received a report that two people had been shot with a pellet gun at a residence. Officers attended the scene and located two victims who were taken for medical treatment. The suspects had already fled the community in a vehicle.

    Officers from the Behchokǫ̀ detachment were able to intercept the vehicle and arrested the 4 occupants. They have since been released conditionally.

    The RCMP believe this was a targeted occurrence and that there is no risk to the general public.

    The matter remains under investigation at this time and no charges have been laid.

    Anyone who has information on this occurrence is asked to contact the Whatì RCMP at 573-1111 or Crime Stoppers at http://www.p3tips.com. In the event of an emergency call, 911.

    MIL Security OSI –

  • MIL-OSI Security: Yellowknife — Yellowknife RCMP lay charges after aggravated assault

    Source: Royal Canadian Mounted Police

    On October 4th, 2024, Yellowknife RCMP received a call that a person had been stabbed in the area of Sunridge Apartments. Officers attended the scene and confirmed a person had been assaulted with a weapon, after which the assailant had fled in a vehicle.

    Officers located the vehicle a short time later and arrested several suspects believed to be involved in the assault. As a result of this investigation, a 40-year-old Yellowknife woman is currently facing the following charges:

    • Aggravated assault, contrary to section 268(2) of the Criminal Code
    • Possession of a weapon for a dangerous purpose, contrary to section 88(1) of the Criminal Code
    • Obstructing a peace officer, contrary to section 129(a) of the Criminal Code

    She appeared before a Justice of the Peace and was subsequently released to appear in court on October 29th, 2024 in Yellowknife.

    This investigation remains ongoing.

    The RCMP believe there are witnesses to this assault that have not come forward to police. Anyone with information on this matter is asked to contact the Yellowknife RCMP at 669-1111 or Crime Stoppers at http://www.p3tips.com. In the event of an emergency call, 911.

    MIL Security OSI –

  • MIL-OSI: Weatherford Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    • Revenues of $1,409 million increased 7% year-over-year
    • Operating income of $243 million increased 11% year-over-year
    • Net income of $157 million increased 28% year-over-year; net income margin of 11.1%
    • Adjusted EBITDA* of $355 million increased 16% year-over-year; adjusted EBITDA margin* of 25.2% increased by 197 basis points year-over-year
    • Cash provided by operating activities of $262 million, an increase of $112 million sequentially and $90 million year-over-year; adjusted free cash flow* of $184 million, an increase of $88 million sequentially and $47 million year-over-year
    • Received credit rating upgrade from S&P Global Ratings to ‘BB-’ with positive outlook, and from Fitch to ‘BB-’ with stable outlook
    • Shareholder returns of $68 million for the quarter, which includes dividends payment of $18 million and share repurchases of $50 million
    • Board approved quarterly cash dividend of $0.25 per share payable on December 5, 2024 to shareholders of record as of November 6, 2024
    • Deployment of Victus™ Managed Pressure Drilling (MPD) systems in the first two deep geothermal exploration wells that have been drilled for a major operator in the Middle East
    • Aramco awarded Weatherford a three-year Corporate Procurement Agreement (CPA) including Cementation Products, Completions, Liner Hangers, and Whipstocks, as well as associated service agreements, to enhance its operational efficiency and strategic goals
    • Hosted 20th annual FWRD conference focused on digitalization and next-generation life-of-well solutions to boost efficiency, sustainability, and performance

    *Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

    HOUSTON, Oct. 22, 2024 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the third quarter of 2024.

    Revenues for the third quarter of 2024 were $1,409 million, an increase of 0.3% sequentially and an increase of 7% year-over-year. Operating income was $243 million in the third quarter of 2024, compared to $264 million in the second quarter of 2024 and $218 million in the third quarter of 2023. Net income in the third quarter of 2024 was $157 million, with an 11.1% margin, an increase of 26% or 225 basis points sequentially, and an increase of 28% or 177 basis points year-over-year. Adjusted EBITDA* was $355 million, a 25.2% margin, a decrease of 3% or 78 basis points sequentially, and an increase of 16% or 197 basis points year-over-year. Basic income per share in the third quarter of 2024 was $2.14 compared to $1.71 in the second quarter of 2024 and $1.70 in the third quarter of 2023. Diluted income per share in the third quarter of 2024 was $2.06 compared to $1.66 in the second quarter of 2024 and $1.66 in the third quarter of 2023.

    Third quarter 2024 cash flows provided by operating activities were $262 million, compared to $150 million in the second quarter of 2024 and $172 million in the third quarter of 2023. Adjusted free cash flow* was $184 million, an increase of $88 million sequentially and $47 million year-over-year. Capital expenditures were $78 million in the third quarter of 2024, compared to $62 million in the second quarter of 2024 and $42 million in the third quarter of 2023.

    Girish Saligram, President and Chief Executive Officer, commented, “I want to thank the Weatherford team for once again delivering strong margins and adjusted free cash flow despite a volatile macro environment and short cycle activity reductions. The margin performance underscores our ability to deliver strong returns in a softer market environment. Despite continued North America weakness, customer scheduling delays in Latin America and a reduced activity outlook in certain other geographies, we still expect strong revenue growth and adjusted EBITDA margins of greater than 25% for the full year.

    In the third quarter, Weatherford acquired Datagration, enhancing our position with one of the industry’s most advanced digital offerings for production and asset optimization. The acquisition demonstrates our commitment to driving innovation across our technology portfolio and accelerating our growth in the digital transformation of the energy industry. Following our announcement in the third quarter regarding Weatherford’s first-ever shareholder return program, we paid our first quarterly dividend of $0.25 per share on September 12, 2024, to shareholders on record as of August 13, 2024, and as of September 30, 2024, we have bought back $50 million of ordinary shares.

    While the macroeconomic environment is volatile and there is heightened risk of geopolitical events creating sector challenges, Weatherford remains focused on fulfillment initiatives, acquisition integrations, and technology commercialization, which should drive further financial performance.”

    *Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

    Operational Highlights

    • Aramco awarded Weatherford a three-year CPA, including Cementation Products, Completions, Liner Hangers, and Whipstocks, as well as associated service agreements, to enhance its operational efficiency and strategic goals.
    • A major operator in the Gulf of Mexico awarded Weatherford a three-year services contract to deliver Plug & Abandonment activities utilizing our Heavy Duty Pulling & Jacking Unit and multiple service lines.
    • A National Oil Company (NOC) in the Middle East awarded Weatherford a three-year contract for Drilling Services in unconventional resources fields.
    • PTTEP awarded Weatherford a multi-year contract for Wireline services in Thailand.
    • An NOC in the Middle East awarded Weatherford a two-year contract for Liner Hanger and associated services for deep drilling.
    • A major operator awarded Weatherford a three-year contract to provide MPD services in the Middle East, marking the first time it will utilize this technology.
    • An NOC in the Middle East awarded Weatherford a three-year contract for Fishing and Milling services.
    • An NOC awarded Weatherford a five-year contract extension for the supply of Downhole Completion Equipment for deployment in the Middle East.
    • Shell awarded Weatherford a three-year contract for Dual Stage Cementing technology to be deployed in onshore Australia.
    • Kuwait Energy awarded Weatherford a two-year contract for Cased Hole Wireline Services in onshore Iraq.
    • bp awarded Weatherford a two-year contract for multilateral installations and associated services for offshore operations in Azerbaijan.
    • JVGAS in Algeria awarded Weatherford a three-year contract for velocity string accessories and associated services and awarded a two-year contract for the supply of Fishing and Casing exiting.

    Technology Highlights

    • Drilling & Evaluation (“DRE”)
      • An NOC deployed Weatherford MPD solutions in its first two deep geothermal exploration wells in the Middle East. This innovative use of MPD technology mitigates risks from elevated geothermal gradients during exploration drilling.
      • Weatherford celebrates 25 years of Compact Memory Logging technology, with over 10,000 deployments, consistently delivering value and reliability to our customers.
    • Well Construction and Completions (“WCC”)
      • In Norway, Weatherford successfully integrated the Vero™ system into an offshore rig control system, enabling further efficiency while maintaining well integrity. This integration allows existing rig crews to operate the Vero system autonomously.
      • Perenco deployed Weatherford’s digital ForeSite® Sense optical monitoring system to oversee injectivity testing performance for the Poseidon carbon capture and storage project, the UK’s first well to inject CO2 underground.
      • Weatherford launched its new Remote-Opening Barrier Valve that decreases risk and time associated with conventional well barriers.
    • Production and Intervention (“PRI”)
      • The acquisition of Datagration Solutions Inc. added the PetroVisor and EcoVisor platforms to Weatherford’s Digital Solutions portfolio, enhancing the integration of customer data with ForeSite and Cygnet® for improved real-time analysis and decision-making.
      • Weatherford deployed its AlphaV system for a major operator in Norway in a complex application that significantly reduced time by eliminating wellbore preparation.

    Shareholder Return

    During the third quarter of 2024, Weatherford repurchased shares for approximately $50 million and paid dividends of $18 million, resulting in total shareholder returns of $68 million.

    On October 17, 2024, our Board declared a cash dividend of $0.25 per share of the Company’s ordinary shares, payable on December 5, 2024, to shareholders of record as of November 6, 2024.

    Results by Reportable Segment

    Drilling and Evaluation (“DRE”)

        Three Months Ended   Variance
    ($ in Millions)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		   Seq.   YoY
    Revenue   $ 435     $ 427     $ 388     2  %   12  %
    Segment Adjusted EBITDA   $ 111     $ 130     $ 111     (15 )%   —  %
    Segment Adj EBITDA Margin     25.5 %     30.4 %     28.6 %   (493 )bps   (309 )bps
     

    Third quarter 2024 DRE revenue of $435 million increased by $8 million, or 2% sequentially, primarily from higher Drilling-related Services activity partly offset by lower MPD asset sales and lower international Wireline activity. Year-over-year DRE revenues increased by $47 million, or 12%, primarily from higher Wireline activity and Drilling-related Services activity in Middle East/North Africa/Asia.

    Third quarter 2024 DRE segment adjusted EBITDA of $111 million decreased by $19 million, or 15% sequentially, primarily driven by lower MPD asset sales and lower international Wireline activity partly offset by higher fall-through in Drilling-related Services. Year-over-year DRE segment adjusted EBITDA remained flat as higher Drilling-related services were offset by lower margin fall through in MPD and Wireline.

    Well Construction and Completions (“WCC”)

        Three Months Ended   Variance
    ($ in Millions)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		   Seq.   YoY
    Revenue   $ 509     $ 504     $ 459     1 %   11 %
    Segment Adjusted EBITDA   $ 151     $ 145     $ 119     4 %   27 %
    Segment Adj EBITDA Margin     29.7 %     28.8 %     25.9 %   90 bps   374 bps
     

    Third quarter 2024 WCC revenue of $509 million increased by $5 million, or 1% sequentially, primarily due to higher international Well Services and Liner Hangers activity partly offset by lower Cementation Products in North America and Middle East/North Africa/Asia. Year-over-year WCC revenues increased by $50 million, or 11%, primarily due to higher international Completions and Liner Hangers activity, partly offset by a decrease in activity in North America.

    Third quarter 2024 WCC segment adjusted EBITDA of $151 million increased by $6 million, or 4% sequentially, primarily due to higher international Well Services and Liner Hangers activity and product and service mix partly offset by lower Tubular Running Services activity. Year-over-year WCC segment adjusted EBITDA increased by $32 million, or 27%, primarily due to higher activity and fall-through in Tubular Running Services, Completions and Well Services.

    Production and Intervention (“PRI”)

        Three Months Ended   Variance
    ($ in Millions)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		   Seq.   YoY
    Revenue   $ 371     $ 369     $ 371     1  %   —  %
    Segment Adjusted EBITDA   $ 83     $ 85     $ 86     (2 )%   (3 )%
    Segment Adj EBITDA Margin     22.4 %     23.0 %     23.2 %   (66 )bps   (81 )bps
     

    Third quarter 2024 PRI revenue of $371 million increased by $2 million, or 1% sequentially, mainly due to increased Digital Solutions and Pressure Pumping activity partly offset by lower Subsea Intervention activity in Latin America. Year-over-year PRI revenue was flat, as higher international Intervention Services & Drilling Tools activity was offset by a decline in Pressure Pumping activity.

    Third quarter 2024 PRI segment adjusted EBITDA of $83 million, decreased by $2 million, or 2% sequentially, primarily from lower Artificial Lift product mix and lower Subsea Intervention fall-through. Year-over-year PRI segment adjusted EBITDA decreased by $3 million, or 3% year-over-year, primarily due to lower Pressure Pumping activity.

    Revenue by Geography

        Three Months Ended   Variance
    ($ in Millions)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		   Seq.   YoY
    North America   $ 266   $ 252   $ 269   6 %   (1 )%
                         
    International   $ 1,143   $ 1,153   $ 1,044   (1 )%   9  %
    Latin America     358     353     357   1  %   —  %
    Middle East/North Africa/Asia     542     542     471   —  %   15  %
    Europe/Sub-Sahara Africa/Russia     243     258     216   (6 )%   13  %
    Total Revenue   $ 1,409   $ 1,405   $ 1,313   0.3  %   7  %


    North America

    Third quarter 2024 North America revenue of $266 million increased by $14 million, or 6% sequentially, primarily due to activity increase in Canada due to favorable seasonality and activity increase offshore in the Gulf of Mexico. Year-over-year, North America decreased by $3 million, or 1%, primarily from lower Tubular Running Services and Cementation Products activity offshore in the Gulf of Mexico, partly offset by an increase in Wireline activity.

    International

    Third quarter 2024 international revenue of $1,143 million decreased 1% sequentially and increased 9% year-over-year.

    Third quarter 2024 Latin America revenue of $358 million increased by $5 million, or 1% sequentially, primarily due to higher Well Services in Brazil and Drilling-related Services in Mexico. Year-over-year, Latin America revenue increased by $1 million.

    Third quarter 2024 Middle East/North Africa/Asia revenue of $542 million was flat sequentially, mainly due to increased activity in United Arab Emirates partly offset by a decrease in Integrated Services & Projects activity in Oman and a decrease of activity in Kuwait. Year-over-year, the Middle East/North Africa/Asia revenue increased by $71 million, or 15%, due to an increase in activity across all product lines within the DRE and WCC segments, primarily in United Arab Emirates, Saudi Arabia, Asia and Kuwait.

    Third quarter 2024 Europe/Sub-Sahara Africa/Russia revenue of $243 million decreased by $15 million or 6% sequentially, mainly driven by lower MPD asset sales. Year-over-year Europe/Sub-Sahara Africa/Russia revenue increased by $27 million, or 13%, due to increased activity across all segments.

    About Weatherford
    Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 19,000 team members representing more than 110 nationalities and 330 operating locations. Visit weatherford.com for more information and connect with us on social media.

    Conference Call Details

    Weatherford will host a conference call on Wednesday, October 23, 2024, to discuss the Company’s results for the third quarter ended September 30, 2024. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

    Listeners are encouraged to download the accompanying presentation slides which will be available in the investor relations section of the Company’s website.

    Listeners can participate in the conference call via a live webcast at https://www.weatherford.com/investor-relations/investor-news-and-events/events/ or by dialing +1 877-328-5344 (within the U.S.) or +1 412-902-6762 (outside of the U.S.) and asking for the Weatherford conference call. Participants should log in or dial in approximately 10 minutes prior to the start of the call.

    A telephonic replay of the conference call will be available until November 6, 2024, at 5:00 p.m. Eastern Time. To access the replay, please dial +1 877-344-7529 (within the U.S.) or +1 412-317-0088 (outside of the U.S.) and reference conference number 6410466. A replay and transcript of the earnings call will also be available in the investor relations section of the Company’s website.

    Contacts

    For Investors:
    Luke Lemoine
    Senior Vice President, Corporate Development and Investor Relations
    +1 713-836-7777
    investor.relations@weatherford.com

    For Media:
    Kelley Hughes
    Senior Director, Communications & Employee Engagement
    +1 713-836-4193
    media@weatherford.com

    Forward-Looking Statements

    This news release contains projections and forward-looking statements concerning, among other things, the Company’s quarterly and full-year revenues, adjusted EBITDA*, adjusted EBITDA margin*, adjusted free cash flow*, net leverage*, shareholder return program, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “outlook,” “budget,” “intend,” “strategy,” “plan,” “guidance,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are based upon the current beliefs of Weatherford’s management and are subject to significant risks, assumptions, and uncertainties. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. Readers are cautioned that forward-looking statements are only predictions and may differ materially from actual future events or results, based on factors including but not limited to: global political disturbances, war, terrorist attacks, changes in global trade policies, weak local economic conditions and international currency fluctuations; general global economic repercussions related to U.S. and global inflationary pressures and potential recessionary concerns; various effects from conflicts in the Middle East and the Russia Ukraine conflict, including, but not limited to, nationalization of assets, extended business interruptions, sanctions, treaties and regulations imposed by various countries, associated operational and logistical challenges, and impacts to the overall global energy supply; cybersecurity issues; our ability to comply with, and respond to, climate change, environmental, social and governance and other sustainability initiatives and future legislative and regulatory measures both globally and in specific geographic regions; the potential for a resurgence of a pandemic in a given geographic area and related disruptions to our business, employees, customers, suppliers and other partners; the price and price volatility of, and demand for, oil and natural gas; the macroeconomic outlook for the oil and gas industry; our ability to generate cash flow from operations to fund our operations; our ability to effectively and timely adapt our technology portfolio, products and services to address and participate in changes to the market demands for the transition to alternate sources of energy such as geothermal, carbon capture and responsible abandonment, including our digitalization efforts; our ability to return capital to shareholders, including those related to the timing and amounts (including any plans or commitments in respect thereof) of any dividends and share repurchases; and the realization of additional cost savings and operational efficiencies.

    These risks and uncertainties are more fully described in Weatherford’s reports and registration statements filed with the Securities and Exchange Commission (the “SEC”), including the risk factors described in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Accordingly, you should not place undue reliance on any of the Company’s forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law, and we caution you not to rely on them unduly.

    *Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

     
    Weatherford International plc
    Selected Statements of Operations (Unaudited)
                         
        Three Months Ended   Nine Months Ended
    ($ in Millions, Except Per Share Amounts)   September
    30, 2024    		   June
    30, 2024    		   September
    30, 2023    		   September
    30, 2024    		   September
    30, 2023
    Revenues:                    
    DRE Revenues   $ 435     $ 427     $ 388     $ 1,284     $ 1,154  
    WCC Revenues     509       504       459       1,471       1,320  
    PRI Revenues     371       369       371       1,088       1,086  
    All Other     94       105       95       329       213  
    Total Revenues     1,409       1,405       1,313       4,172       3,773  
                         
    Operating Income:                    
    DRE Segment Adjusted EBITDA[1]   $ 111     $ 130     $ 111     $ 371     $ 325  
    WCC Segment Adjusted EBITDA[1]     151       145       119       416       324  
    PRI Segment Adjusted EBITDA[1]     83       85       86       241       235  
    All Other[2]     23       23       7       73       25  
    Corporate[2]     (13 )     (18 )     (18 )     (45 )     (44 )
    Depreciation and Amortization     (89 )     (86 )     (83 )     (260 )     (244 )
    Share-based Compensation     (10 )     (12 )     (9 )     (35 )     (26 )
    Other (Charges) Credits     (13 )     (3 )     5       (21 )     9  
    Operating Income     243       264       218       740       604  
                         
    Other Expense:                    
    Interest Expense, Net of Interest Income of $13, $17, $15, $44 and $47     (24 )     (24 )     (30 )     (77 )     (92 )
    Loss on Blue Chip Swap Securities     —       (10 )     —       (10 )     (57 )
    Other Expense, Net     (41 )     (20 )     (24 )     (83 ) —   (98 )
    Income Before Income Taxes     178       210       164       570       357  
    Income Tax Provision     (12 )     (73 )     (33 )     (144 )     (55 )
    Net Income     166       137       131       426       302  
    Net Income Attributable to Noncontrolling Interests     9       12       8       32       25  
    Net Income Attributable to Weatherford   $ 157     $ 125     $ 123     $ 394     $ 277  
                         
    Basic Income Per Share   $ 2.14     $ 1.71     $ 1.70     $ 5.39     $ 3.85  
    Basic Weighted Average Shares Outstanding     73.2       73.2       72.1       73.1       71.9  
                         
    Diluted Income Per Share[3]   $ 2.06     $ 1.66     $ 1.66     $ 5.25     $ 3.76  
    Diluted Weighted Average Shares Outstanding     75.2       75.3       73.7       75.0       73.6  
     
    [1]  Segment adjusted EBITDA is our primary measure of segment profitability under U.S. GAAP ASC 280 “Segment Reporting” and represents segment earnings before interest, taxes, depreciation, amortization, share-based compensation expense and other adjustments. Research and development expenses are included in segment adjusted EBITDA.
    [2] All Other results were from non-core business activities related to all other segments (profit and loss) and Corporate includes overhead support and centrally managed or shared facility costs. All Other and Corporate do not individually meet the criteria for segment reporting.
    [3] Included the maximum potentially dilutive shares contingently issuable for an acquisition consideration during the three months ended September 30, 2024, the value of which was adjusted out of Net Income Attributable to Weatherford in calculating diluted income per share.
       
     
    Weatherford International plc
    Selected Balance Sheet Data (Unaudited)
           
    ($ in Millions) September 30, 2024   December 31, 2023
    Assets:      
    Cash and Cash Equivalents $ 920   $ 958
    Restricted Cash   58     105
    Accounts Receivable, Net   1,231     1,216
    Inventories, Net   919     788
    Property, Plant and Equipment, Net   1,050     957
    Intangibles, Net   356     370
           
    Liabilities:      
    Accounts Payable   723     679
    Accrued Salaries and Benefits   328     387
    Current Portion of Long-term Debt   21     168
    Long-term Debt   1,627     1,715
           
    Shareholders’ Equity:      
    Total Shareholders’ Equity   1,356     922
     
    Weatherford International plc
    Selected Cash Flows Information (Unaudited)
     
      Three Months Ended   Nine Months Ended
    ($ in Millions)   September
    30, 2024    		     June
    30, 2024    		     September
    30, 2023    		     September
    30, 2024    		     September
    30, 2023    		  
    Cash Flows From Operating Activities:                              
    Net Income   $ 166     $ 137     $ 131     $ 426     $ 302  
    Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:                              
    Depreciation and Amortization   89     86     83     260     244  
    Foreign Exchange Losses   35     8     15     58     73  
    Loss on Blue Chip Swap Securities   —     10     —     10     57  
    Gain on Disposition of Assets   (1 )   (25 )   (4 )   (33 )   (11 )
    Deferred Income Tax Provision (Benefit)   (19 )   13     (14 )   8     (67 )
    Share-Based Compensation   10     12     9     35     26  
    Changes in Accounts Receivable, Inventory, Accounts Payable and Accrued Salaries and Benefits   30     (22 )   (73 )   (144 )   (235 )
    Other Changes, Net   (48 )   (69 )   25     (77 )   68  
    Net Cash Provided By Operating Activities   262     150     172     543     457  
                                   
    Cash Flows From Investing Activities:                              
    Capital Expenditures for Property, Plant and Equipment   (78 )   (62 )   (42 )   (199 )   (142 )
    Proceeds from Disposition of Assets   —     8     7     18     21  
    Purchases of Blue Chip Swap Securities   —     (50 )   —     (50 )   (110 )
    Proceeds from Sales of Blue Chip Swap Securities   —     40     —     40     53  
    Business Acquisitions, Net of Cash Acquired   (15 )   —     —     (51 )   (4 )
    Proceeds from Sale of Investments   —     —     —     41     33  
    Other Investing Activities   1     3     (1 )   (6 )   (9 )
    Net Cash Used In Investing Activities   (92 )   (61 )   (36 )   (207 )   (158 )
                                   
    Cash Flows From Financing Activities:                              
    Repayments of Long-term Debt   (5 )   (87 )   (76 )   (264 )   (306 )
    Distributions to Noncontrolling Interests   (10 )   (9 )   (15 )   (19 )   (21 )
    Tax Remittance on Equity Awards Vested   —     (1 )   —     (9 )   (54 )
    Share Repurchases   (50 )   —     —     (50 )   —  
    Dividends Paid   (18 )   —     —     (18 )   —  
    Other Financing Activities   (6 )   (5 )   —     (18 )   (7 )
    Net Cash Used In Financing Activities   $ (89 )   $ (102 )   $ (91 )   $ (378 )   $ (388 )
    Weatherford International plc
    Non-GAAP Financial Measures Defined (Unaudited)

    We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, Weatherford’s management believes that certain non-GAAP financial measures (as defined under the SEC’s Regulation G and Item 10(e) of Regulation S-K) may provide users of this financial information additional meaningful comparisons between current results and results of prior periods and comparisons with peer companies. The non-GAAP amounts shown in the following tables should not be considered as substitutes for results reported in accordance with GAAP but should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    Adjusted EBITDA* – Adjusted EBITDA* is a non-GAAP measure and represents consolidated income before interest expense, net, income taxes, depreciation and amortization expense, and excludes, among other items, restructuring charges, share-based compensation expense, as well as other charges and credits. Management believes adjusted EBITDA* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA* should be considered in addition to, but not as a substitute for consolidated net income and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    Adjusted EBITDA margin* – Adjusted EBITDA margin* is a non-GAAP measure which is calculated by dividing consolidated adjusted EBITDA* by consolidated revenues. Management believes adjusted EBITDA margin* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA margin* should be considered in addition to, but not as a substitute for consolidated net income margin and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    Adjusted Free Cash Flow* – Adjusted Free Cash Flow* is a non-GAAP measure and represents cash flows provided by (used in) operating activities, less capital expenditures plus proceeds from the disposition of assets. Management believes adjusted free cash flow* is useful to understand our performance at generating cash and demonstrates our discipline around the use of cash. Adjusted free cash flow* should be considered in addition to, but not as a substitute for cash flows provided by operating activities and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    Net Debt* – Net Debt* is a non-GAAP measure that is calculated taking short and long-term debt less cash and cash equivalents and restricted cash. Management believes the net debt* is useful to assess the level of debt in excess of cash and cash and equivalents as we monitor our ability to repay and service our debt. Net debt* should be considered in addition to, but not as a substitute for overall debt and total cash and should be viewed in addition to the Company’s results prepared in accordance with GAAP.​

    Net Leverage* – Net Leverage* is a non-GAAP measure which is calculated by dividing by taking net debt* divided by adjusted EBITDA* for the trailing 12 months. Management believes the net leverage* is useful to understand our ability to repay and service our debt. Net leverage* should be considered in addition to, but not as a substitute for the individual components of above defined net debt* divided by consolidated net income attributable to Weatherford and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    *Non-GAAP – as defined above and reconciled to the GAAP measures in the section titled GAAP to Non-GAAP Financial Measures Reconciled

     
    Weatherford International plc
    GAAP to Non-GAAP Financial Measures Reconciled (Unaudited)
     
                         
        Three Months Ended   Nine Months Ended
    ($ in Millions, Except Margin in Percentages)   September
    30, 2024    		   June
    30, 2024    		   September
    30, 2023    		   September
    30, 2024    		   September
    30, 2023
    Revenues   $ 1,409     $ 1,405     $ 1,313     $ 4,172     $ 3,773  
    Net Income Attributable to Weatherford   $ 157     $ 125     $ 123     $ 394     $ 277  
    Net Income Margin     11.1 %     8.9 %     9.4 %     9.4 %     7.3 %
    Adjusted EBITDA*   $ 355     $ 365     $ 305     $ 1,056     $ 865  
    Adjusted EBITDA Margin*     25.2 %     26.0 %     23.2 %     25.3 %     22.9 %
                         
    Net Income Attributable to Weatherford   $ 157     $ 125     $ 123     $ 394     $ 277  
    Net Income Attributable to Noncontrolling Interests     9       12       8       32       25  
    Income Tax Provision     12       73       33       144       55  
    Interest Expense, Net of Interest Income of $13, $17, $15, $44 and $47     24       24       30       77       92  
    Loss on Blue Chip Swap Securities     —       10       —       10       57  
    Other Expense, Net     41       20       24       83       98  
    Operating Income     243       264       218       740       604  
    Depreciation and Amortization     89       86       83       260       244  
    Other Charges (Credits)[1]     13       3       (5 )     21       (9 )
    Share-Based Compensation     10       12       9       35       26  
    Adjusted EBITDA*   $ 355     $ 365     $ 305     $ 1,056     $ 865  
                         
    Net Cash Provided By Operating Activities   $ 262     $ 150     $ 172     $ 543     $ 457  
    Capital Expenditures for Property, Plant and Equipment     (78 )     (62 )     (42 )     (199 )     (142 )
    Proceeds from Disposition of Assets     —       8       7       18       21  
    Adjusted Free Cash Flow*   $ 184     $ 96     $ 137     $ 362     $ 336  
    [1]  Other charges (credits) in the three and nine months ended September 30, 2024, primarily includes fees to third-party financial institutions to facilitate loans between those financial institutions and our largest customer in Mexico, who in turn paid certain of our outstanding receivables.

    *Non-GAAP – as reconciled to the GAAP measures above and defined in the section titled Non-GAAP Financial Measures Defined

     
    Weatherford International plc
    GAAP to Non-GAAP Financial Measures Reconciled Continued (Unaudited)
     
                   
         
    ($ in Millions)   September
    30, 2024    		   June
    30, 2024    		   September
    30, 2023    		  
    Current Portion of Long-term Debt   $ 21   $ 20   $ 91  
    Long-term Debt     1,627     1,628     1,864  
    Total Debt   $ 1,648   $ 1,648   $ 1,955  
                   
    Cash and Cash Equivalents   $ 920   $ 862   $ 839  
    Restricted Cash     58     58     107  
    Total Cash   $ 978   $ 920   $ 946  
                   
    Components of Net Debt              
    Current Portion of Long-term Debt   $ 21   $ 20   $ 91  
    Long-term Debt     1,627     1,628     1,864  
    Less: Cash and Cash Equivalents     920     862     839  
    Less: Restricted Cash     58     58     107  
    Net Debt*   $ 670   $ 728   $ 1,009  
                   
    Net Income for trailing 12 months   $ 534   $ 500   $ 359  
    Adjusted EBITDA* for trailing 12 months   $ 1,377   $ 1,327   $ 1,131  
                   
    Net Leverage* (Net Debt*/Adjusted EBITDA*)     0.5 x   0.5 x   0.9 x
     

    *Non-GAAP – as reconciled to the GAAP measures above and defined in the section titled Non-GAAP Financial Measures Defined

    The MIL Network –

  • MIL-OSI: Helium Evolution Announces Partner to Drill Joint Well

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 22, 2024 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce that its partner, North American Helium Inc. (“NAH”), has served the Company notice of its intention to drill a joint well in the Mankota area. This initiative is part of the previously announced development plan for up to nine wells in the Mankota area, as disclosed on April 2, 2024.

    The joint well is expected to spud before the end of October 2024 and is located at 7-2-4-9W3M (the “7-2 Well”). HEVI is pleased to confirm its participation in the drilling of the 7-2 Well, with the Company holding a 20% working interest. The estimated total cost for HEVI’s share in the 7-2 Well is approximately $0.4 million net and is supported by HEVI’s strong working capital position, which totaled $4.7 million as of June 30, 2024.

    “We are excited to announce the upcoming drilling of a joint well in the Mankota area, a significant step in our strategic development plan,” said Greg Robb, President and CEO of HEVI. “Our partnership with NAH underscores our commitment to harnessing the potential of helium resources in southern Saskatchewan. With our solid financial foundation and collaborative approach, we are poised to make meaningful advancements in our exploration efforts, ultimately contributing to the growth of the helium industry in Canada.”

    Stay Connected to Helium Evolution

    Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company’s website, which includes an updated corporate presentation, and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned ‘deep-dive’ research report prepared by a third party whose background includes serving as a research analyst for several bank-owned and independent investment dealers. In addition to recent media articles, HEVI maintains a profile on the Investing News Network platform, where further information, editorial pieces and industry reviews are available.

    About Helium Evolution Incorporated

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

    For further information, please contact:

    Statement Regarding Forward-Looking Information

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

    Forward-looking statements in this document include statements regarding the anticipated spud date of the 7-2 Well, the cost to drill the 7-2 Well, the anticipated nine well drilling program, the Company’s expectations regarding the Company becoming a leading supplier of sustainably-produced helium, the Company’s strong working capital position, the Company’s beliefs regarding growth of the global helium market and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: NAH may be unsuccessful in drilling commercially productive wells; drill costs may be higher or lower than estimates; NAH may defer, abandon or accelerate the drilling of the 7-2 Well and the nine well drill program; new laws or regulations and/or unforeseen events could adversely affect the Company’s business and results of operations; stock markets have experienced volatility that often has been unrelated to the performance of companies and such volatility may adversely affect the price of the Company’s securities regardless of its operating performance; risks generally associated with the exploration for and production of resources; the uncertainty of estimates and projections relating to expenses and the Company’s working capital position; constraint in the availability of services; commodity price and exchange rate fluctuations; adverse weather or break-up conditions; and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

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

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

    The MIL Network –

  • MIL-OSI: PIMCO Canada Corp. Announces Monthly Distributions for PIMCO Canada Closed End Funds

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) — PIMCO Canada Corp. (“PIMCO Canada”) is pleased to announce today that it has declared monthly distributions on its Class A Units (the “Units”) of the PIMCO Canada closed end funds (the “Funds”). The distributions will be paid on November 15, 2024 to the holders of record at the close of business on October 31, 2024.

    Details of the distribution amounts are as follow:

    Fund Name Ticker Cash Distribution per Unit Change from Previous Month Percentage Change from Previous Month
    PIMCO Global Income Opportunities Fund PGI.UN $0.05688 – –
    PIMCO Tactical Income Fund PTI.UN $0.05580 – –
    PIMCO Tactical Income Opportunities Fund PTO.UN $0.05709 – –
    PIMCO Multi-Sector Income Fund PIX.UN $0.06538 – –

    Unitholders are reminded that each Fund offers a distribution reinvestment plan (“DRIP”) which will provide unitholders with the ability to automatically reinvest their distributions. Eligible unitholders are encouraged to contact the institution through which they hold their Units to confirm enrollment procedures and timelines. A copy of the DRIP is available at http://www.pimco.ca.

    The Manager, PIMCO Canada, retains Pacific Investment Management Company LLC (“PIMCO”), to provide investment management services to the Funds.

    About PIMCO

    PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, drawing upon our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

    This is not an offer to sell Units and not a solicitation of an offer to buy Units in any region where the offer or sale is not permitted. Before you invest, you should carefully read the Funds’ disclosure documents and consider carefully the risks you assume when you invest in the Units. There can be no assurance that a Fund will achieve its investment objectives or be able to structure its investment portfolio as anticipated. Copies of the Funds’ disclosure documents may be obtained from your financial advisor.

    Forward-Looking Statements

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Funds. The forward-looking statements are not historical facts but reflect each Fund, PIMCO Canada and/or PIMCO’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Funds, PIMCO Canada and/or PIMCO believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Funds, PIMCO Canada and/or PIMCO undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law.

    You will usually pay brokerage fees to your dealer if you purchase or sell Units on the Toronto Stock Exchange (the “TSX”). If the Units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying Units and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning Units. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Funds in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    Each Fund is a closed-end exchange traded investment fund. The material presented here is only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, units are sold on the open market through a stock exchange. Closed-end funds may be leveraged and carry various risks depending upon the underlying assets owned by a fund. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end funds annual and semi-annual report. For additional information, please contact your investment professional.

    For a summary of the risks of an investment in each Fund, please see the Funds disclosure documents. Units of closed end funds frequently trade at a discount to their net asset value, which may increase risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

    PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. ©2024, PIMCO

    The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose.

    PIMCO Canada has retained PIMCO as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.

    PIMCO Canada Corp. 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350

    Contact:
    Agnes Crane
    PIMCO – Media Relations Phone: +212 597.1054

    The MIL Network –

  • MIL-OSI Security: Hay River — Hay River RCMP seize thousands in cash believed to be proceeds of crime

    Source: Royal Canadian Mounted Police

    On October 8th, 2024, officers of the Hay River detachment were on patrol when a vehicle was observed speeding. A traffic stop was conducted with the vehicle. Investigation led officers to believe the vehicle was being used to transport illicit cargo and the occupants were arrested.

    A subsequent search of the vehicle led to the seizure of over $9,000 in cash believed to be proceeds of crime relating to the illegal drug trade, as well as several cellphones and drug paraphernalia.

    As a result, 20-year-old Salim Abdullahi Abdi of Edmonton and 53-year-old Bruce Dowdeswell of Fort Simpson have been charged with Possession of property obtained by crime, contrary to section 354(1)(a) of the Criminal Code.

    Abdullahi Abdi appeared before a Justice of the Peace and was subsequently remanded into custody. Dowdeswell was released on strict conditions to appear in court at a later date.

    Investigation into the matter remains ongoing.

    Anyone who has information on this matter is asked to contact the Hay River RCMP at 874-1111 or Crime Stoppers at http://www.p3tips.com. In the event of an emergency call, 911.

    MIL Security OSI –

  • MIL-OSI Security: Yellowknife — Northwest Territories RCMP to participate in Operation Impact

    Source: Royal Canadian Mounted Police

    Each year, police services across the country participate in Operation Impact, a traffic safety initiative intended to target and reduce driving behaviors that put motorists and the public at risk.

    This year, Operation Impact will run from October 11th – October 14th, corresponding to the long weekend. During this period, motorists can expect to see increased police patrols as well as additional checkstops on roadways throughout the Territories.

    Be prepared to provide breath samples as part of Mandatory Alcohol Screening if you are stopped by police, along with all required driving documentation.

    Motor vehicle collisions kill or injure thousands of Canadians every year. The main causes of these collisions are impairment, distracted driving, aggressive driving behaviors and failure to utilize seatbelts, all of which are preventable.

    Residents of the Northwest Territories continue to feel the tragic effects of drivers who make the conscious decision to engage in these behaviors year after year. Make the right choice and plan ahead for safe travel this weekend. Safety is in every driver’s hands.

    If you suspect an impaired driver or see a vehicle posing an immediate safety hazard, pull over and call 911.

    MIL Security OSI –

  • MIL-OSI Security: Yellowknife — Hay River RCMP recover stolen Yellowknife vehicle

    Source: Royal Canadian Mounted Police

    On the evening of October 7th, 2024, Yellowknife RCMP received a report that a vehicle had been stolen from a driveway in Yellowknife. Fortunately, the owner of the vehicle was able to use tracking technology to discover that the vehicle had subsequently left the city.

    With assistance from the owner, officers from the Hay River detachment were able to locate the vehicle in the hamlet of Enterprise, where it then fled from police. A short time later, the vehicle was located abandoned elsewhere in the community. Officers recovered a replica firearm from inside the vehicle. Two suspects were subsequently located and arrested in the area. They have since been released conditionally to appear in court at a later date.

    The investigation remains ongoing.

    Anyone with information on this matter is asked to contact the Yellowknife RCMP at 669-1111 or Crime Stoppers at http://www.p3tips.com. In the event of an emergency call, 911.

    MIL Security OSI –

  • MIL-OSI Global: Is conservatism really on the rise in Canada? Blaine Higgs’ big loss in New Brunswick suggests not

    Source: The Conversation – Canada – By Noah Fry, PhD Candidate, Political Science, McMaster University

    Make no mistake, New Brunswick Premier Blaine Higgs lost big on Monday night. The province’s voters delivered a forceful rebuke of Higgs’ Progressive Conservatives similar to the 1995 election, when the party won only six seats against Frank McKenna’s Liberals.

    This time, the PCs were reduced to 16 seats while the Liberals won 31. The Greens dropped to two seats.

    This seat count downplays the Liberals’ 13-point popular vote lead in a tough political environment.

    Historically, the Liberals have had inefficient support that’s been concentrated in safe francophone ridings. This time, they made inroads with anglophones beyond Moncton.

    Higgs, among Canada’s most socially conservative premiers, lost his own safe seat of Quispamsis, which was among the province’s most Conservative ridings in the 2020 election.

    The result was a referendum on Higgs’ brand of conservatism. Along with the failure of the resurgent Conservatives in British Columbia to win a clear victory on Oct. 19, Higgs’ loss challenges the narrative that conservatism is on the rise across Canada.



    Read more:
    Move over, Danielle Smith: What Canadians should know about New Brunswick’s Blaine Higgs

    Governing to the (far) right

    Since gaining power in 2018, Higgs embraced a neoconservative social agenda.

    Most notably, he triggered a national conversation on trans children’s recognition in schools. Using the language of “parental rights,” Higgs introduced parent consent restrictions for name and pronoun changes for children under 16.



    Read more:
    New Brunswick’s LGBTQ+ safe schools debate makes false opponents of parents and teachers

    Research shows trans children have high rates of suicidal ideation, especially when they’re not supported in how they identify.

    Over time, Higgs supported anti-trans and anti-sex education protesters, even as many advocates, parents and educators raised concerns about the safety and mental well-being of LGBTQ+ youth. He also refused to deny what’s known as the so-called kitty litter myth that falsely alleges students are allowed to identify as animals and use litter boxes.

    When confronted by parents about a safe-sex presentation slide for a high-school audience, Higgs banned the group that conducted the presentation.

    It didn’t end there. Higgs erroneously suggested an Indigenous nation sought to claim most of the province from property owners. In 2021, his government discouraged land acknowledgements by provincial employees. Higgs also argued that Indigenous people had already ceded their land.

    Taking aim at francophones, social issues

    Higgs’ relationship with francophones was just as bad. He refused to learn French in Canada’s only bilingual province after promising he would. He alleged he was unfairly targeted as an anglophone.

    When coming to power in 2018 with a minority government, Higgs weakened bilingual requirements for paramedic positions. Later, he controversially proposed ending French immersion programs, arguing it was unfair to “English Prime” students in the province.

    When he won a majority in 2020, Higgs lowered taxes on the highest income earners while constraining increases to health care and education.

    Higgs was successful in uniting the right. As a former leadership contender of the linguistic segregationist Confederation of Regions party, Higgs welcomed far-right People’s Alliance representatives to his party.

    But his tenure faced internal opposition. Atlantic conservatism tends to be closer to the political centre. Higgs’ Maritime counterparts, Premiers Dennis King of Prince Edward Island and Tim Houston of Nova Scotia, have largely avoided social issues.

    On the province’s Policy 713, also called the Sexual Orientation and Gender Identity policy, six PCs voted with an opposition motion against the proposed changes. Four were cabinet ministers.

    Several ministers resigned from cabinet with letters blasting Higgs’ leadership.

    Almost half of PC riding associations sought a leadership review. They fell just short of the minimum needed to trigger a review.

    Most leaders recognize when their time was up. Not Higgs.

    An embattled campaign

    The PCs’ tumultuous time in government made for an uninspired campaign. Twelve of the 26 winning PC representatives from 2020 did not run again. In their place came more social conservatives who would not oppose Higgs.

    The PCs received bad news early. They were projected to fall short of their 2024-25 balanced budget aims.

    Still, Higgs campaigned on his fiscal management. He offered a two per cent HST cut as a reward. For some, this proposal rang as vote-buying from a government that could have pursued a sales tax cut at any point in its six-year tenure.

    The PCs campaigned on few other commitments. Their two-page platform made generic promises like “respect parents.” They also sought to “compel individuals into drug treatment” and “axe the carbon tax.”

    Meanwhile, the Liberals hammered the PCs on housing, health care and education. All three areas had been stressed by population growth and tight funding. Housing policy was a particular weakness given the PCs’ long-term resistance to rent caps and its record as a housing-starts laggard.

    Higgs’ confidence in his record was misplaced. While his social conservativism has an audience in New Brunswick, few saw it as a priority relative to the cost of living.

    His other campaign efforts made little difference. Higgs sought to make his opponent Prime Minister Justin Trudeau. He also stirred anti-immigration sentiment over federal asylum-seeker plans. Both efforts seemed desperate.

    Rejection of grievance politics?

    The Liberals’ return to power could be attributed to a referendum on Higgs. There is no doubt Higgs had personal defects that cost him his own riding.

    But his loss is more than a personal rejection. It also seems a rejection of a grievance politics that favours anger over substance.

    After repeatedly focusing on social issues over matters like housing, the grievances lost their allure. Even for the most steadfast Conservative voters, Higgs’ targeting of minorities came across as bullying.

    While Higgs may be the worst offender, he is not the only practitioner of grievance conservatism. Federal Conservative Leader Pierre Poilievre and Alberta Premier Danielle Smith play the same tune. Will their political fates be any different?

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

    – ref. Is conservatism really on the rise in Canada? Blaine Higgs’ big loss in New Brunswick suggests not – https://theconversation.com/is-conservatism-really-on-the-rise-in-canada-blaine-higgs-big-loss-in-new-brunswick-suggests-not-241971

    MIL OSI – Global Reports –

  • MIL-OSI: O2Gold Announces C$1.5M Non-Brokered Private Placement

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

    TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) — O2Gold Inc. (NEX:OTGO.H) (“O2Gold” or the “Company“) is pleased to announce a non-brokered private placement financing of: (i) 15,000,000 subscription receipts of the Company (the “Subscription Receipts”) at a price per Subscription Receipt of C$0.05; and (ii) 15,000,000 flow-through subscription receipts of the Company (the “FT Subscription Receipts”) at a price per FT Subscription Receipt of C$0.05, for aggregate gross proceeds to the Company of C$1,500,000 (together, the “Offering”).

    The Subscription Receipts and FT Subscription Receipts will be created and issued pursuant to the terms of subscription receipt agreements (each, a “Subscription Receipt Agreement“) between the Company and the subscribers. Each Subscription Receipt and FT Subscription Receipt will be deemed to be automatically converted, without payment of additional consideration or further action by the holder thereof, into one unit of the Company (a “Unit“) and one flow-through unit of the Company (a “FT Unit”), respectively, immediately upon the satisfaction or waiver of the Escrow Release Conditions (as defined below) at or before the date that is 120 days from the closing date of the Offering (the “Escrow Release Deadline”).

    Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one common share purchase warrant of the Company (a “Type 1 Warrant”). Each Type 1 Warrant will entitle the holder to acquire one Common Share (a “Type 1 Warrant Share”) at a price of C$0.08 per Type 1 Warrant Share for a period of 36 months following the closing date of the Offering. Each FT Unit will consist of one flow-through common share in the capital of the Company (a “FT Share”) and one common share purchase warrant of the Company (a “Type 2 Warrant”). Each Type 2 Warrant will entitle the holder to acquire one Common Share (a “Type 2 Warrant Share”) at a price of C$0.08 per Type 2 Warrant Share for a period of 24 months following the closing date of the Offering. Each FT Share shall qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).

    The gross proceeds from the sale of FT Subscription Receipts will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Tax Act (the “Qualifying Expenditures”) related to the Company’s project in Quebec. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Subscription Receipts effective December 31, 2024. The net proceeds from the sale of Subscription Receipts will be used by the Company for general working capital and corporate purposes, and for exploration costs incurred at the Company’s project in Quebec.

    Upon closing of the Offering, the gross proceeds of the Offering will be deposited in escrow with the Company’s legal counsel pending satisfaction or waiver of the Escrow Release Conditions, in accordance with the provisions of the Subscription Receipt Agreement. If the Escrow Release Conditions are not satisfied at or before the Escrow Release Deadline, each of the then issued and outstanding Subscription Receipts and FT Subscription Receipts will be cancelled and the Company’s legal counsel will return to each holder of Subscription Receipts and FT Subscription Receipts an amount equal to the aggregate issue price of the Subscription Receipts and FT Subscription Receipts held by such holder. To the extent that the escrowed funds are insufficient to refund such amounts to each holder of the Subscription Receipts and FT Subscription Receipts, the Company shall be liable for and will contribute such amounts as are necessary to satisfy the shortfall.

    Pursuant to the terms of the Subscription Receipt Agreement, each Subscription Receipt and FT Subscription Receipt shall automatically convert into one Unit and one FT Unit, respectively, upon:

    (a)  the receipt of all required regulatory approvals in connection with the uplisting of the Common Shares from the NEX to Tier 2 of the TSX Venture Exchange (the “Exchange”);

    (b)  the receipt of all required regulatory approvals in connection with the conditional listing approval by the Exchange for the listing of the Common Shares and FT Shares issued under the Offering, together with the listing of the Type 1 Warrant Shares and Type 2 Warrant Shares upon exercise of the Type 1 Warrants and Type 2 Warrants, respectively; and

    (c)  the Company having delivered a notice to the Company’s legal counsel confirming that all escrow release conditions have been met or waived;

    (collectively, the “Escrow Release Conditions”).

    The Offering is subject to the receipt of all regulatory approvals including the approval of the Exchange. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance. The Offering is expected to close on or about November 13, 2024, or such other date as determined by the Company.

    The Company may pay finders’ fees of up to 7.0% of the gross proceeds raised by the Company from the sale of Subscription Receipts and FT Subscription Receipts to subscribers directly introduced to the Company by eligible finders. The Company may issue to eligible finders non-transferable finders’ warrants of up to 7.0% of the number of Subscription Receipt and FT Subscription Receipts sold in the Offering. Each finders’ warrant will entitle the holder to acquire one Unit at a price of the greater of (i) C$0.05 and (ii) the Discounted Market Price (as such term is defined in the policies of the Exchange) of the common shares of the Company as of the date hereof per Unit for a period of 24 months from the date of issuance.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold in the United States or to U.S. persons or in any other jurisdiction in which such offer or sale would be unlawful prior to registration under U.S. Securities Act of 1933 and applicable state securities laws or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom, respectively.

    About O2Gold

    O2Gold is a mineral exploration company.
    For additional information, please contact:
    Scott Moore, Chief Executive Officer
    Phone: (416) 861-1685
    Email: smoore@miningsm.com

    Regulatory Statements

    This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Offering, including the Company’s intended use of proceeds, closing conditions and timing, and other matters related thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

    NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    The MIL Network –

  • MIL-OSI: Purpose Investments Inc. Announces Risk Rating Change for NVIDIA (NVDA) Yield Shares Purpose ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) announced today that it has changed the risk rating for NVIDIA (NVDA) Yield Shares Purpose ETF (the “Fund”) from “medium-to-high” to “high”. Such change is a result of the risk rating methodology mandated by the Canadian Securities Administrators and the periodic review by Purpose to determine the risk level of its publicly-offered mutual funds.

    No material changes have been made to the investment objective, strategies or management of the Fund as a result. The change of the risk rating will be reflected in the Fund’s offering documents, which will be completed in accordance with applicable securities laws.

    About Purpose Investments

    Purpose Investments is an asset management company with approximately $20 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to US news wire services.

    The MIL Network –

  • MIL-OSI Australia: G20 meetings in the United States

    Source: Australian Treasurer

    I will join key economic ministers and central bank governors from the world’s most significant economies at the G20, International Monetary Fund and World Bank annual meetings over the coming days in Washington DC.

    Australia is not immune from the volatility and vulnerability which characterises the global economy.

    The risk of further escalation in the Middle East threatens a resurgence in oil prices and casts a dark shadow over the global outlook.

    Conflict in the Middle East compounds the pressures already coming at us from the war in Ukraine, the slowdown in China, persistent global inflation, tepid global growth and sharp movements on stock markets.

    There is always a premium on responsible economic management and engagement but especially now, with all this uncertainty around the world.

    This is a really critical time to confer with colleagues and counterparts.

    There will be in‑depth discussions on the global economy, the energy transformation, economic security and reform of our multilateral institutions.

    This will include meetings with:

    • New Japanese Finance Minister Katsonobu Kato, who I will meet for the first time;
    • US Treasury Secretary Janet Yellen, for our sixth bilateral;
    • Chair of the US Federal Reserve Jerome Powell;
    • Director of President Biden’s National Economic Council Lael Brainard;
    • South Korean Deputy Prime Minister and Minister of Economy Choi Sang‑Mok; and
    • Canadian Deputy Prime Minister Chrystia Freeland.

    I will participate in discussions as part of the G20 Taskforce on a Global Mobilisation Against Climate Change. Our focus will be on attracting the capital we need to create new jobs and opportunities in the transformation to cleaner and cheaper energy.

    I’ll also have an opportunity to be briefed on Australia’s interests in the United States by Ambassador Kevin Rudd.

    Responsible economic management is a defining feature of the Albanese Labor Government in these uncertain times.

    Our Budget surpluses aren’t an end in themselves, they help in the fight against inflation, provide room for our priorities and they help build buffers against some of this global volatility.

    Getting inflation down, helping with the cost of living, repairing the Budget and reforming our economy are the essential components of our strategy and we are making welcome progress.

    In a little over two years we have halved inflation, created a million new jobs, got real wages growing again, provided tax relief to every taxpayer, delivered the first back‑to‑back surpluses in two decades, avoided $150 billion of inherited debt and saved tens of billions of dollars in interest costs.

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

    MIL OSI News –

  • MIL-OSI: Andrew Cardno to Deliver Keynote at November Gaming Conference in Phoenix: “How are Technology Advancements Impacting Decision Making and Driving Innovation in Gaming?”

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) — The gaming industry continues to evolve with the rapid integration of advanced technologies, offering new pathways for innovation and decision-making. Andrew Cardno, Chief Technology Officer of Quick Custom Intelligence (QCI), will deliver a keynote address titled “How are Technology Advancements Impacting Decision Making and Driving Innovation in Gaming?” at this year’s premier gaming conference, taking place on November 12th and 13th in Phoenix, Arizona.

    Cardno, a leading expert with over two decades of experience in gaming and technology, will explore how advancements such as artificial intelligence, machine learning, and data-driven solutions are reshaping decision-making processes within the gaming industry. His address will provide actionable insights for professionals seeking to stay ahead in this fast-paced environment.

    “Technology is no longer just an enabler; it’s the driving force behind innovation in gaming,” said Andrew Cardno. “At this year’s conference, I will delve into how these advancements can empower industry leaders to make better, faster decisions and capitalize on new opportunities for growth.”

    Mark Pace, President of the International Gaming Standards Association (IGSA), praised Cardno’s expertise: “Andrew Cardno has a deep understanding of how technology is transforming the gaming industry. His ability to translate complex innovations into practical, strategic insights makes him the ideal keynote speaker. His work continues to inspire and guide decision-makers across the gaming world.”

    The conference, held in Phoenix on November 12th and 13th, promises to be a hub of cutting-edge discussions and networking opportunities, bringing together top leaders to explore the future of gaming.

    ABOUT QCI
    Quick Custom Intelligence (QCI) has pioneered the revolutionary QCI AGI Platform, an artificial intelligence platform that seamlessly integrates player development, marketing, and gaming operations with powerful, real-time tools designed specifically for the gaming and hospitality industries. Our advanced, highly configurable software is deployed in over 250 casino resorts across North America, Australia, New Zealand, Canada, Latin America, and The Bahamas. The QCI AGI Platform, which manages more than $35 billion in annual gross gaming revenue, stands as a best-in-class solution, whether on-premises, hybrid, or cloud-based, enabling fully coordinated activities across all aspects of gaming or hospitality operations. QCI’s data-driven, AI-powered software propels swift, informed decision-making vital in the ever-changing casino industry, assisting casinos in optimizing resources and profits, crafting effective marketing campaigns, and enhancing customer loyalty. QCI was co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno and is based in San Diego, with additional offices in Las Vegas, St. Louis, Denver, Dallas, and Tulsa. Main phone number: (858) 299.5715. Visit us at http://www.quickcustomintelligence.com.

    ABOUT Andrew Cardno
    Andrew Cardno is a distinguished figure in the realm of artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master’s level research teams, his expertise has made significant waves in data tooling. Andrew’s innate ability to innovate has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in the majority of today’s mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, including three pivotal gaming industry transformation awards. Together with Dr. Ralph Thomas, the duo co-founded Quick Custom Intelligence, amplifying their collaborative innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications. Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew’s impact is deeply felt. He has enriched the literature with insights, co-authoring eight influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew’s work has touched over 100 Native American Tribal Resorts, underscoring his expansive and inclusive professional endeavors.

    Contact:
    Laurel Kay, Quick Custom Intelligence
    Phone: 858-349-8354

    The MIL Network –

  • MIL-OSI: Altai Mourns the Passing of Chairman and President Niyazi Kacira, and Announces Election of the Board of Directors, Appointment of New Chairman and President, and Stock Option Grants

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Altai Resources Inc. (ATI, TSX VENTURE; US SEC Rule 12g3-2(b) File # 82-2950) (“Altai” or the “Company”) announces with great sadness the passing of its Chairman and President, Dr. Niyazi Kacira following a short illness. We extend our deepest sympathies to his family.

    The Board and the Altai family will greatly miss his extraordinary passion and devotion to the Company, thoughtful leadership and ability to connect with people. He was a person of great integrity and unparalleled reputation.

    Dr. Kacira took over the helm of the dormant Black Cliff Mines Ltd. (later changed the name to Altai Resources Inc) in 1987, revived it and listed it on the Toronto Stock Exchange. Since 1987, he served as President (except for a short period of time) and Chairman until his passing. He has made an invaluable and immeasurable contribution in nurturing, building and growing Altai with his tremendous geological expertise and foresight and always with the best interest of the Company in mind and in action, and has set the highest standard of integrity for the Company.

    At its annual general meeting of the shareholders held on October 21, 2024 (the “Meeting”) in Toronto, Jeffrey S. Ackert, Maria Au and Eric Yao as described in the Management Information Circular of the Meeting, were elected as Directors of the Company. Due to his passing, Dr. Kacira was not nominated as director in the Meeting. In the Meeting, Kursat Kacira, who has advised that he is willing and able to serve as a Director of Altai if elected, was nominated as permitted in accordance with the Company’s Advance Notice By-laws and was duly elected as a Director of the Company.

    Mr. Kursat Kacira, a resident of Ontario, Canada, is an accomplished finance and investment executive with over 25 years of global experience in investment management, real estate, corporate finance, capital markets, investment banking, and public accounting. He is a Chartered Professional Accountant (Ontario), has a Master of Business Administration (Dean’s Scholarship) from the Stern School of Business at New York University, and a Bachelor of Mathematics (Honours) from the University of Waterloo.

    He is currently the President of Kacira Holdings Ltd., a private family office investment company. Previously, he served as Managing Director, Head of Global Capital Markets in the Private Markets group at Manulife Investment Management, the Global Wealth & Asset Management division of Manulife Financial Corporation. Prior to joining Manulife, he was the CEO and a director of Firm Capital American Realty Partners Corp., a publicly traded real estate company focused on investing in multi-family residential real estate in the United States. He has also previously been the CEO (and Board Trustee) of Maplewood International REIT (a publicly traded REIT focused on investing in commercial real estate in Europe); CFO of NorthWest International Healthcare Properties REIT (a publicly traded REIT focused on investing in healthcare real estate in Europe, South America, and Australasia); CFO of Whiterock REIT, a publicly traded REIT focused on investing in commercial real estate in Canada and the United States, where he was responsible for the ultimate sale of Whiterock to publicly traded Dundee REIT in 2012, for an enterprise value of $1.4 billion (at the time, the 3rd largest Canadian commercial real estate M&A transaction since 2006). Prior to the above, he had been Vice President & Director in the Real Estate Group, Investment Banking at TD Securities Inc. in Toronto, Ontario, in investment banking with Bear, Stearns & Co. Inc. in New York, US and in public accounting in Canada and Europe (Price Waterhouse in Toronto and Paris). Through his investment banking career in Canada and the United States, he was responsible for completing over $10 billion of capital raising (equity and debt) and M&A transactions for companies across numerous industries, primarily in the real estate sector.

    Mr. Harold Tan, a director of the Company since 2023, did not stand for renomination as a director in this Meeting, for personal reasons. Altai sincerely thanks him for his contributions to the Company during his directorship and wishes him well in all his future ventures.

    In the Meeting, CAN Partners LLP, Chartered Professional Accountants were appointed as Auditors of the Company.

    On October 21, 2024 and after the Meeting, the Board appointed Kursat Kacira as the Chairman and President of the Company.

    On October 21, 2024, the Company granted to each of the two new directors and a new officer, a stock option of 200,000 shares to purchase common shares of the Company at an exercise price of $0.10 per share and expiring October 19, 2029.

    ABOUT ALTAI
    Altai Resources Inc. is a resource company with a producing oil property in Alberta and an exploration gold property in Quebec.

    For further information, please contact
    Maria Au, Secretary-Treasurer
    Tel: (416) 383-1328 Fax: (416) 383-1686
    Email: info@altairesources.com Internet: http://www.altairesources.com

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

    The MIL Network –

  • MIL-OSI Canada: Update on Edmonton Public Schools negotiations

    Source: Government of Canada regional news

    The Canadian Union of Public Employees Local 3550, which represents roughly 3,200 employees, served notice for strike action to begin on Thursday, Oct. 24. Because the Disputes Inquiry Board was established before strike or lockout action began, the union local cannot strike and the employers cannot lock out employees until the inquiry process concludes.

    Negotiations between the two parties can occur even while the Disputes Inquiry Board is in place.

    “Alberta’s government is providing another mediator to the parties in this dispute so that there is a full opportunity for the parties to reach a negotiated settlement before a work disruption occurs.”

    Matt Jones, Minister of Jobs, Economy and Trade

    If a settlement cannot be reached in the dispute, the board will make a recommendation for settlement to the Minister of Jobs, Economy and Trade. The recommendation will then be forwarded to both parties, which will have 10 days to notify the minister of their acceptance of the recommendation. If the parties accept the recommendation, it will form part of a new collective agreement and the dispute will be settled.

    If one or both parties to a dispute does not accept the recommendation, the Alberta Labour Relations Board conducts a vote of the party that did not accept it.

    If the recommendation is rejected again, the parties can continue negotiations to reach a settlement or a strike or lockout action may commence after 72 hours.

    MIL OSI Canada News –

  • MIL-OSI: Mount Logan Capital Inc. Schedules Release of Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (CBOE: MLC) (“Mount Logan” or the “Company”) will release its financial results for the third quarter ended September 30, 2024 after market close on Thursday, November 7, 2024. The Company will host a conference call on Tuesday, November 12, 2024, at 12:00 p.m. Eastern Time to discuss these results. Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call. To join the call, please use the dial-in information below. A recording of the conference call will be available on Mount Logan’s website http://www.mountlogancapital.ca in the Investor Relations section under “Events”.

    Canada Dial-in Toll Free: 1-833-950-0062
    US Dial-in Toll Free: 1-833-470-1428
    International Dial-in:
    Access Code: 672430

    About Mount Logan Capital Inc.
    Mount Logan Capital Inc. is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly-owned subsidiaries Mount Logan Management LLC and Ability Insurance Company (“Ability”), respectively. The Company also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

    Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is unique in the insurance industry in that its long-term care portfolio’s morbidity risk has been largely re-insured to third parties, and Ability is no longer insuring or re-insuring new long-term care risk.

    This press release is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this release is not, and under no circumstances is it to be construed as, an offer to sell or an offer to purchase any securities in the Company or in any fund or other investment vehicle. This press release is not intended for U.S. persons. The Company’s shares are not and will not be registered under the U.S. Securities Act of 1933, as amended, and the Company is not and will not be registered under the U.S. Investment Company Act of 1940 (the “1940 Act”). U.S. persons are not permitted to purchase the Company’s shares absent an applicable exemption from registration under each of these Acts. In addition, the number of investors in the United States, or which are U.S. persons or purchasing for the account or benefit of U.S. persons, will be limited to such number as is required to comply with an available exemption from the registration requirements of the 1940 Act.

    Contacts:
    Mount Logan Capital Inc.
    365 Bay Street, Suite 800
    Toronto, ON M5H 2V1
    info@mountlogancapital.ca

    Nikita Klassen
    Chief Financial Officer
    Nikita.Klassen@mountlogancapital.ca

    The MIL Network –

  • MIL-OSI Canada: Child Abuse Prevention Month: Minister Turton

    Source: Government of Canada regional news

    “No child should ever have to experience abuse. Whether at school or in the home, online or out in the community, abuse of any kind is always unacceptable. Child Abuse Prevention Month serves as an important reminder that everyone has a responsibility to know the warning signs and speak up to keep young people safe.

    “Our government remains committed to protecting all children and youth and ensuring they have a safe place to turn, as well as the resources they need when abuse does happen. This includes supporting the invaluable work of Alberta’s child and youth advocacy centres, which foster welcoming environments where young survivors are empowered to tell their stories and seek justice, as well as Little Warriors, for those who need longer-term support to recover from child sexual abuse trauma.

    “If you believe a child’s safety is at risk, don’t wait. Call the confidential, 24/7 Child Intervention line at 1-800-638-0715 or contact the nearest Children and Family Services office, Delegated First Nations Agency or local police.

    “To every Albertan who has taken action to protect a child’s safety and well-being, or prevent abuse from happening in their community, thank you. To every child and youth who has experienced abuse: we believe you, you are not alone and help is available.”

    Related information

    • What is child abuse, neglect and sexual exploitation
    • Get help for child abuse, neglect and sexual exploitation | Alberta.ca
    • Alberta Child Advocacy Centres – AB Child Advocacy Centres (albertacacs.ca)

    MIL OSI Canada News –

  • MIL-OSI Australia: Ambassador to France

    Source: Australian Government – Minister of Foreign Affairs

    Today I announce the appointment of Ms Lynette Wood as Australia’s next Ambassador to France.

    Australia and France have a strong, enduring and forward-looking partnership underpinned by shared values and interests, particularly in the Indo-Pacific region.

    We are enhancing our cooperation through the ambitious Australia-France Roadmap and its three pillars – defence and security, resilience and climate action, and education and culture – which are delivering practical outcomes.

    The Ambassador to France is also accredited to the People’s Democratic Republic of Algeria, the Islamic Republic of Mauritania and the Principality of Monaco.

    Ms Wood is a senior career officer with the Department of Foreign Affairs and Trade. She was most recently First Assistant Secretary in the Strategic Planning and Coordination Group.

    She has previously served overseas as Ambassador to Germany and Acting High Commissioner to the United Kingdom. She has had earlier postings to Canada and Germany.

    I thank outgoing Ambassador Gillian Bird PSM for her contributions to advancing Australia’s interests in France since 2020.

    MIL OSI News –

  • MIL-OSI Australia: High Commissioner to Canada

    Source: Australian Government – Minister of Foreign Affairs

    Today I announce the appointment of Ms Kate Logan as Australia’s next High Commissioner to Canada.

    Australia and Canada have a close and enduring relationship, underpinned by shared values and institutional ties.

    Our two countries work closely together in a range of international forums, including the United Nations, G20, APEC, WTO, OECD, CPTPP and the Commonwealth. We are also close partners in the Five Eyes group.

    We cooperate across a range of shared priorities, including upholding the multilateral system, taking greater action on climate change, advancing gender equality, and achieving meaningful reconciliation with Indigenous peoples.

    Australia welcomes Canada’s increased engagement in the Indo-Pacific through its Indo-Pacific Strategy, and is committed to working together to shape a region that is peaceful, stable and prosperous.

    Ms Logan is a senior career officer with the Department of Foreign Affairs and Trade and was most recently First Assistant Secretary, Pacific Strategy Division.

    She has previously served overseas as Australia’s Ambassador to Greece, and on postings to Australia’s missions in Paris and Colombo.

    I thank outgoing High Commissioner, the Hon Scott Ryan, for his contributions to advancing Australia’s interests in Canada since 2021.

    MIL OSI News –

  • MIL-OSI Canada: Statement from Premier Pillai on New Brunswick election

    Source: Government of Canada regional news

    Premier Ranj Pillai has issued the following statement:

    “On behalf of the Government of Yukon, I would like to congratulate Susan Holt and the Liberal Party of New Brunswick on their success in yesterday’s election.

    “This is truly a historic moment, not just for New Brunswick but for all of Canada, as Premier-designate Holt will become the first woman to serve as Premier in the province’s history. Her success marks a significant milestone for leadership, gender equality and the advancement of progressive politics across our country.

    • Read more about Statement from Premier Pillai on New Brunswick election
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    MIL OSI Canada News –