NewzIntel.com

Category: Canada

  • MIL-OSI Security: NATO Allies step up multinational capability delivery cooperation

    Source: NATO

    Increasing transatlantic defence industry production capacity is imperative to meet higher defence investment demand signals and support NATO’s enhanced deterrence and defence effectively.

    Multinational capability delivery initiatives are a cost-effective way of acquiring capabilities at speed and scale, which some Allies would not be able to do alone. 

    This proven and valuable approach is gaining new momentum as Allies work to meet NATO’s newly agreed capability targets.

    At the NATO Summit Defence Industry Forum in The Hague on Tuesday (24 June 2025), Allies signed a number of new multinational projects and expanding existing ones.  Belgium, Canada, Denmark, Germany, Greece, Italy, the Netherlands, Norway, Poland, Sweden, Türkiye and the United Kingdom committed to the joint acquisition, storage, transportation and management of stockpiles of defence critical raw materials, including through recycling existing products. 

    This High Visibility Project will help facilitate access to a sufficient supply of defence critical raw materials such as lithium, titanium and rare earth materials, which the Allied defence industry requires to deliver the capabilities needed to keep people safe. It will also help make NATO less vulnerable to supply shocks and reduce reliance on external providers. The project supports the implementation of NATO’s Defence Critical Supply Chain Security Roadmap, agreed by NATO Defence Ministers in June 2024.

    The Multinational Multi Role Tanker Transport Fleet (MMF) programme also reached a new milestone, with Denmark and Sweden joining this initiative. In addition, the NATO Support and Procurement Agency (NSPA) signed a contract with Airbus Defence and Space for the acquisition of two additional A330 Multi Role Tanker Transport (MRTT) aircraft, raising the current fleet to 12 aircraft. Launched in 2012, the MMF programme is an example of effective NATO-EU collaboration, supported initially by the Organisation for Joint Armament Cooperation (OCCAR) and currently managed by NSPA. The fleet provides participating nations with critical capabilities in air-to-air refuelling, strategic airlift, and aeromedical evacuation.
     
    Estonia, Finland, Italy, Latvia, the Netherlands and Sweden also broke new ground in supporting the further integration of new technologies in military operations, announcing the establishment of the first NATO Innovation Ranges. These are a key pillar of NATO’s Rapid Adoption Action Plan, which Allied Leaders are expected to endorse at the NATO Summit, and which aims to expedite innovation adoption, leverage new technologies at speed to deliver on capability targets, and increase production capacity through the inclusion of non-traditional suppliers in the defence industrial base. These ranges will enable Allies and NATO to test, refine, and validate new technological products in operationally realistic environments. 
     
    The NATO Support and Procurement Organisation (NSPO), NSPA’s governing body, also signed a partnership agreement with Australia. The agreement will allow Australia’s participation in the full range of NSPA activities and services, including, but not limited to, the fields of acquisition, logistics, operational and systems support and services. This is an important milestone in NATO’s cooperation with partners around the globe.

    At the signing ceremony, NATO Deputy Secretary General Radmila Shekerinska also praised the conclusion of several new framework contracts by the NATO Support and Procurement Agency (NSPA) since January 2025, worth 4.7 billion euros, for critical munitions sourced from across the Alliance.

    MIL Security OSI –

  • Union Minister pays tribute to Kanishka bombing victims in Ireland on 40th anniversary

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, paid homage to the victims of the Air India Flight 182 tragedy at the Ahakista Memorial in Cork, Ireland, on Monday. The commemoration marked the 40th anniversary of the bombing of the Air India Kanishka flight, which claimed 329 lives on June 23, 1985.

    Minister Puri signed the Visitors Book at the memorial and led a high-level delegation comprising senior legislators from Punjab, Jammu and Kashmir, Uttar Pradesh, Rajasthan, Uttarakhand and Delhi. The delegation represented the Government of India at the solemn commemoration event hosted by the Mayor of County Cork, Councillor Joe Carroll.

    The event was attended by the Prime Minister of Ireland, Micheál Martin, and Canada’s Minister of Public Safety, Gary Anandasangaree. Families of the victims also joined the ceremony, held in the coastal village of Ahakista, where debris from the ill-fated flight had been found.

    Speaking at the event, Minister Hardeep Singh Puri laid a wreath at the memorial and paid tributes to the victims. “The bombing of Air India AI 182, an act of terrorism, was a stain on humanity,” he said. He also acknowledged the support extended by the people of Ireland during the aftermath of the tragedy. “We pay tribute to the community of Ahakista and the people of Ireland for the spirit with which they rose to the occasion in solidarity with the families of the victims,” the Minister noted.

    Canadian Minister Gary Anandasangaree said, “The bombing of Air India Flight 182, 40 years ago, remains the single worst act of terrorism and mass murder in Canadian history.” Irish Prime Minister Micheál Martin described the incident as “cruel and horrific,” stating that “the passing of time does not dim the scale of loss and that atrocity.”

    As part of the visit, the Indian delegation also participated in a solemn ceremony organised at the Embassy of India in Dublin. The Minister addressed the gathering of victims’ families and members of the Indian diaspora, reiterating India’s unwavering support for the bereaved families.

    Minister Puri emphasized the need for global unity in fighting terrorism. “India remains firm in its commitment to combating terrorism and calls for strong international cooperation and understanding on this global threat,” he said.

    The Air India Flight 182, operating on the Montreal–London–Delhi route, was bombed mid-air by Canada-based Khalistani terrorist group Babbar Khalsa on June 23, 1985. The attack killed all 329 people on board, making it one of the deadliest aviation terror attacks in history.

  • MIL-OSI: POET Signs Manufacturing Agreement with NationGate Solutions in Malaysia

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Corporation”) (TSX Venture: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for artificial intelligence networks, today announced that it has signed a Master Agreement, Module Purchase Agreement and a Deed of Consignment with NationGate Solutions (M) Sdn. Bhd (“NationGate”), to manufacture optical engine assemblies for POET in Penang, Malaysia.

    POET has engaged with NationGate to assemble and test consigned optical engines with a custom-designed fiber-attach unit (FAU) made specifically for one of POET’s key customers. That customer has confirmed a high level of interest from hyperscale data centers in a product that includes a combination of optical engines available exclusively from POET.

    “We are thrilled to be engaged with POET, whose profile in Malaysia is increasingly prominent,” said Dato Ooi Eng Leong, CEO of NationGate Solutions (M) Sdn. Bhd., the largest electronics manufacturing services provider in Malaysia. “We share POET’s enthusiasm about a Malaysia-centered ecosystem for the manufacturing of advanced optoelectronics products to complement what we are already manufacturing for some of the largest AI network systems providers in the world.”

    “The level of dedication to a shared mission that we see from our partners has far exceeded our expectations and confirms that our decision to focus manufacturing of Optical Interposer-based products in Malaysia was the best path for POET,” said Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies Inc. “Through the relationships, talent and world-class facilities offered by our partners, POET is able to demonstrate the ability to scale manufacturing to the volumes demanded by our customers, bringing us that much closer to significant revenue generation in the near future.”

    Update on Sample Shipments
    The agreement with NationGate is in addition to the Company’s manufacturing agreement with Globetronics, which was announced in December of 2024. The Company confirmed that its operation in Globetronics had progressed to the point that it had, as of early June, shipped its order backlog of sample 800G optical engines to existing customers. The Company expects to ship its backlog of 1.6T samples during Q3 of 2025.

    Both the Globetronics and NationGate facilities have initiated critical qualification processes. Once fully on-line, these facilities will ensure continuity and scalability in delivering POET’s high performance photonics solutions to global customers. Establishing a Malaysian manufacturing footprint is in direct response to increasing customer demand and the strategic need for POET to diversify and secure the Company’s supply chain. POET’s Optical Interposer-based Optical Engines and other assemblies are directed at applications in data centers, AI, high performance computing and telecom networks.

    About POET Technologies Inc.
    POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained “Edge” computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in, Shenzhen, China, Penang, Malaysia and Singapore. More information about POET is available on our website at www.poet-technologies.com.

    About NationGate Holdings Sdn. Bhd. (0270.KL)
    NationGate is Malaysia’s leading Electronics Manufacturing Services (EMS) Provider. Since its inception before 2010, NationGate has been providing electronics manufacturing services and technical support to (IoT) Internet of Things, Consumer electronics , Industrial Instrumentation, Data computing , Networking, Telecommunications , Medical , Automotive, Artificial Intelligence (AI) Equipment and Aerospace sectors. Our vision is to serve the various industrial sectors by providing the best alternative of choice to potential prospectus. Services provided by NationGate include complex and high speed SMT (Surface Mount Technology), COB (Chip On Flex/ Board), Final Assembly (Box Build), precision Plastic Moulding, Final Testing services and Advanced Laboratory Services.

    Forward-Looking Statements
    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Corporation’s expectations with respect to its business partnership with NationGate, success of the Corporation’s product development efforts, the performance of its products, operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Corporation’s technology as well as the market acceptance, inclusion and timing of the Corporation’s technology in current and future products and expectations regarding its successful penetration of the Artificial Intelligence hardware markets.

    Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, its expectations for the partnership with NationGate, the negotiations with contract manufacturers, the size, future growth and needs of Artificial Intelligence network suppliers, management’s expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, reorganization efforts, plans for and completion of projects by the Corporation’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, failure to receive necessary regulatory approvals for the Corporation’s arrangements with NationGate and Globetronics, the failure of Artificial Intelligence networks to continue to grow as expected, the failure of the Corporation’s products to meet performance requirements for AI and datacom networks, lack of sales in its products, lack of sales by its customers to end-users, operational risks in the completion of the Corporation’s projects, risks affecting the Corporation’s ability to complete its products, the ability of the Corporation to generate sales for its products, the ability of its customers to generate sales for products that incorporate the Corporation’s products, the ability to attract key personnel, the failure of its reorganization efforts and the ability to raise additional capital when needed. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation’s securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by law.

    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.
    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    The MIL Network –

  • MIL-OSI: Red White & Bloom Brands Announces New Date for Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) announces that its Annual General Meeting (“AGM”), originally scheduled for Friday, June 27, 2025, has been rescheduled to Friday, July 11, 2025. The change will allow for the completion and filing of the Company’s audited financial statements and accompanying management discussion and analysis for the year-ended December 31, 2024, both of which will be presented at the AGM. The change to the annual general meeting date is permissible in accordance with the record date established for the AGM.

    The AGM will be held at the same time and location as indicated in the proxy materials mailed to shareholders on May 28, 2025, which remain available on SEDAR+ at www.sedarplus.ca and on the Company’s website at: https://ir.redwhitebloom.com/news-events/ir-calendar.

    Voting remains open and shareholders may cast their votes until 8:00 am Pacific Time on Wednesday, July 9, 2025. The Company confirms that no new proxy materials will be issued in connection with the rescheduled AGM, and that the previously distributed proxy materials remain valid for use at the rescheduled meeting.

    About Red White & Bloom Brands Inc.

    Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and internationally. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets.

    Red White & Bloom Brands Inc.
    Investor and Media Relations
    Edoardo Mattei, CFO
    IR@RedWhiteBloom.com
    947-225-0503

    Visit us on the web: https://www.redwhitebloom.com/.

    Follow us on social media:

    Twitter @rwbbrands

    Facebook @redwhitebloombrands

    Instagram @redwhitebloombrands

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

    FORWARD LOOKING INFORMATION

    Certain information contained in this news release may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as “plans,” “expects,” “may,” “should,” “could,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “forecasts,” or variations of such words and phrases, including the negative forms thereof, as well as terms such as “pro forma” and “scheduled,” and similar expressions that refer to future events or outcomes.

    Forward-looking statements in this release include, without limitation, statements regarding the rescheduled date of the AGM, the anticipated completion and filing of the Company’s audited financial statements and accompanying management’s discussion and analysis, and the timing of shareholder voting.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, delays in the preparation or filing of financial statements; the ability to meet regulatory and stock exchange requirements; market conditions; and other risks relating to the Company’s business and financial condition.

    There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

    The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

    The MIL Network –

  • MIL-OSI: Red White & Bloom Brands Announces New Date for Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) announces that its Annual General Meeting (“AGM”), originally scheduled for Friday, June 27, 2025, has been rescheduled to Friday, July 11, 2025. The change will allow for the completion and filing of the Company’s audited financial statements and accompanying management discussion and analysis for the year-ended December 31, 2024, both of which will be presented at the AGM. The change to the annual general meeting date is permissible in accordance with the record date established for the AGM.

    The AGM will be held at the same time and location as indicated in the proxy materials mailed to shareholders on May 28, 2025, which remain available on SEDAR+ at www.sedarplus.ca and on the Company’s website at: https://ir.redwhitebloom.com/news-events/ir-calendar.

    Voting remains open and shareholders may cast their votes until 8:00 am Pacific Time on Wednesday, July 9, 2025. The Company confirms that no new proxy materials will be issued in connection with the rescheduled AGM, and that the previously distributed proxy materials remain valid for use at the rescheduled meeting.

    About Red White & Bloom Brands Inc.

    Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and internationally. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets.

    Red White & Bloom Brands Inc.
    Investor and Media Relations
    Edoardo Mattei, CFO
    IR@RedWhiteBloom.com
    947-225-0503

    Visit us on the web: https://www.redwhitebloom.com/.

    Follow us on social media:

    Twitter @rwbbrands

    Facebook @redwhitebloombrands

    Instagram @redwhitebloombrands

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

    FORWARD LOOKING INFORMATION

    Certain information contained in this news release may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as “plans,” “expects,” “may,” “should,” “could,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “forecasts,” or variations of such words and phrases, including the negative forms thereof, as well as terms such as “pro forma” and “scheduled,” and similar expressions that refer to future events or outcomes.

    Forward-looking statements in this release include, without limitation, statements regarding the rescheduled date of the AGM, the anticipated completion and filing of the Company’s audited financial statements and accompanying management’s discussion and analysis, and the timing of shareholder voting.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, delays in the preparation or filing of financial statements; the ability to meet regulatory and stock exchange requirements; market conditions; and other risks relating to the Company’s business and financial condition.

    There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

    The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

    The MIL Network –

  • MIL-OSI: Chris Pogue Joins Calian as President, Defence & Space, Powering Calian’s Next-Generation Defence and Space Capabilities

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, June 24, 2025 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY), a mission-critical solutions company focused on defence, space, healthcare and strategic growth critical infrastructure sectors, today announced that Chris Pogue will join the company as President, Defence & Space, effective July 7, 2025. In this newly created role, Pogue will lead a high-performance organization that brings together Calian’s Advanced Technologies and Learning business units—leveraging the synergies of its communications and manufacturing solutions alongside its immersive training and simulation expertise to accelerate mission success for defence and space customers alike.

    “Chris Pogue is one of Canada’s most accomplished leaders in defence and space innovation,” said Kevin Ford, CEO of Calian. “His track record—growing Thales Canada’s support of the Canadian Armed Forces, leading MDA Government’s Radarsat Constellation mission and building global simulation-based services—gives him the vision and operational rigor to power Calian’s next-generation  defence & space capabilities.”

    Pogue brings over 20 years of senior executive experience. He most recently served as President and CEO of Thales Canada, where he expanded naval support services, re-established land-forces capabilities, and guided key AI and digital transformation initiatives. Prior to Thales, he led MDA Government’s Defence Space portfolio and held leadership roles at General Dynamics Mission Systems Canada and CAE Professional Services. Throughout his career, Pogue has championed the development of innovation ecosystems by connecting Canadian small and medium-sized businesses to national defence and space priorities. A retired Royal Canadian Air Force officer with more than 3,500 flight hours on the C-130 Hercules.

    “I’m thrilled to join Calian at such a pivotal time—for the company, and for Canada and its allies—as we face increasingly complex global uncertainty and opportunities,” said Pogue. “Bringing together the subject matter experts and leading-edge solutions from Advanced Technologies and Learning allows us to harness our collective strengths, co-innovate with our space and defence partners, and deliver the reliability and precision mission success demands.”

    This appointment supports the company’s One Calian 2026 strategy—strengthening its ability to deliver mission critical solutions when failure is not an option. It reinforces Calian’s commitment to innovation, customer success and operational excellence as it scales to meet growing global demand.

    About Calian

    www.calian.com

    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

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

    Media inquiries:

    media@calian.com

    613-599-8600

    Investor Relations inquiries:

    ir@calian.com

    DISCLAIMER

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

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

    The MIL Network –

  • MIL-OSI: Chris Pogue Joins Calian as President, Defence & Space, Powering Calian’s Next-Generation Defence and Space Capabilities

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, June 24, 2025 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY), a mission-critical solutions company focused on defence, space, healthcare and strategic growth critical infrastructure sectors, today announced that Chris Pogue will join the company as President, Defence & Space, effective July 7, 2025. In this newly created role, Pogue will lead a high-performance organization that brings together Calian’s Advanced Technologies and Learning business units—leveraging the synergies of its communications and manufacturing solutions alongside its immersive training and simulation expertise to accelerate mission success for defence and space customers alike.

    “Chris Pogue is one of Canada’s most accomplished leaders in defence and space innovation,” said Kevin Ford, CEO of Calian. “His track record—growing Thales Canada’s support of the Canadian Armed Forces, leading MDA Government’s Radarsat Constellation mission and building global simulation-based services—gives him the vision and operational rigor to power Calian’s next-generation  defence & space capabilities.”

    Pogue brings over 20 years of senior executive experience. He most recently served as President and CEO of Thales Canada, where he expanded naval support services, re-established land-forces capabilities, and guided key AI and digital transformation initiatives. Prior to Thales, he led MDA Government’s Defence Space portfolio and held leadership roles at General Dynamics Mission Systems Canada and CAE Professional Services. Throughout his career, Pogue has championed the development of innovation ecosystems by connecting Canadian small and medium-sized businesses to national defence and space priorities. A retired Royal Canadian Air Force officer with more than 3,500 flight hours on the C-130 Hercules.

    “I’m thrilled to join Calian at such a pivotal time—for the company, and for Canada and its allies—as we face increasingly complex global uncertainty and opportunities,” said Pogue. “Bringing together the subject matter experts and leading-edge solutions from Advanced Technologies and Learning allows us to harness our collective strengths, co-innovate with our space and defence partners, and deliver the reliability and precision mission success demands.”

    This appointment supports the company’s One Calian 2026 strategy—strengthening its ability to deliver mission critical solutions when failure is not an option. It reinforces Calian’s commitment to innovation, customer success and operational excellence as it scales to meet growing global demand.

    About Calian

    www.calian.com

    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

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

    Media inquiries:

    media@calian.com

    613-599-8600

    Investor Relations inquiries:

    ir@calian.com

    DISCLAIMER

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

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

    The MIL Network –

  • MIL-OSI: Walking Comfort Accelerates Ecommerce Growth with Descartes Sellercloud™

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, June 24, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Utah-based Walking Comfort, a leading retailer in the local and online footwear market, is using Descartes Sellercloud™ to help drive ecommerce growth by centralizing and synchronizing the management of product listings, inventory, orders and fulfillment across multiple online sales channels.

    “As the business grew and we expanded to a larger warehouse and more online marketplaces, we realized we needed a more sophisticated inventory and order management system to boost time-savings and operating efficiencies,” said Brad Hendricksen, Accounting and Operations Manager at Walking Comfort. “With Descartes Sellercloud, we have a powerful platform that has facilitated ecommerce growth, saved us hundreds of hours per week by automatically consolidating data across all sales channels, eliminated picking errors so staff no longer pick the wrong size or variation, and cut shipping costs by more than 55%—even enabling us to dropship directly from retail locations if it’s the most convenient and cost-effective option for a customer.”

    Descartes Sellercloud is a cloud-based ecommerce platform that helps small and mid-market retailers, distributors, wholesalers, and manufacturers with omnichannel ecommerce operations centralize the management of their catalog, inventory, orders, purchasing, fulfillment and shipping. With 350+ integrations, including to marketplaces, shopping carts, shipping partners, third party logistics providers, payment gateways and vendors, the solution provides a comprehensive ecommerce ecosystem that companies can easily leverage to expand operations as they grow.

    “We’re pleased our solution is supporting Walking Comfort as they’ve grown their business,” said Mikel Richardson, General Manager, Ecommerce at Descartes. “Using the platform, sellers can reduce operational complexity by simultaneously updating inventory and orders in real-time, avoid underselling and overselling inventory, stay compliant with marketplaces requirements, save shipping costs by automating fulfillment, and grow their business by adding more sales channels and products without losing control of inventory or order visibility.”

    Learn more about Descartes Sellercloud and Descartes’ Ecommerce Shipping and Fulfillment solutions.

    About Walking Comfort

    Walking Comfort sells various footwear products, including running shoes, slippers, sandals, recovery footwear, and accessories like insoles. Founded in 2008, they are based in Centerville, Utah, and have 35 employees and two brick-and-mortar locations. For more information, visit www.walkingcomfort.com.

    About Descartes

    Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

    Global Media Contact
    Cara Strohack
    Tel: 226-750-8050
    cstrohack@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements

    This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ ecommerce solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    The MIL Network –

  • MIL-OSI: Hut 8 Amends and Expands Bitcoin-Backed Credit Facility with Coinbase to $130 Million

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 24, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its subsidiary has entered into a Third Amended and Restated Credit Agreement with Coinbase Credit, Inc. (“Coinbase”) to amend and expand its Bitcoin-backed credit facility from $65 million to up to $130 million and extend the maturity date to July 16, 2026.

    The amended facility reflects significant improvements in both economic and structural terms, including:

    • Up to $65 million in incremental, non-dilutive capital that positions Hut 8 to deploy capital against near-term opportunities advancing through its growth pipeline.
    • Conversion from a floating-rate structure to a fixed interest rate of 9.0% designed to improve Hut 8’s overall cost of capital as it scales, compared to a stated interest rate ranging from 10.5% to 11.5% between the quarter ended December 31, 2023 and the quarter ended March 31, 2025; and
    • Collateral and borrower protections including an improved limited recourse structure and continued application of a no-rehypothecation covenant on pledged Bitcoin.

    “As we advance a robust pipeline of growth opportunities, we have partnered with Coinbase to strategically double the size of our credit facility and deliver significantly improved terms,” said Asher Genoot, CEO of Hut 8. “The amended structure reflects a shared commitment to disciplined growth and leveraging flexible, non-dilutive capital as we position ourselves to execute on opportunities in our pipeline.”

    “This facility has been an efficient source of capital on our balance sheet, and the amended and restated agreement further strengthens its strategic value,” said Sean Glennan, CFO of Hut 8. “The combination of improved terms and collateral and borrower protections reflects our conviction that risk discipline is essential to building a resilient and efficient capital structure. We are grateful to Coinbase for their continued, constructive partnership in supporting this philosophy.”

    “We’re delighted to deepen our relationship with Hut 8 through this expanded credit facility, which reflects our shared focus on risk-managed growth and capital efficiency,” said Matt Boyd, Head of Institutional Financing at Coinbase. “By delivering non-dilutive financing with enhanced collateral protections, we’re supporting innovators like Hut 8 as they scale responsibly in the digital infrastructure ecosystem.”

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to positioning Hut 8 to deploy capital against near-term opportunities in its growth pipeline, advancing Hut 8’s robust pipeline of growth opportunities, Hut 8 and Coinbase’s shared commitment to disciplined growth and leveraging flexible, non-dilutive capital, Hut 8 scaling responsibly in the digital infrastructure ecosystem, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network –

  • MIL-OSI: Hut 8 Amends and Expands Bitcoin-Backed Credit Facility with Coinbase to $130 Million

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 24, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its subsidiary has entered into a Third Amended and Restated Credit Agreement with Coinbase Credit, Inc. (“Coinbase”) to amend and expand its Bitcoin-backed credit facility from $65 million to up to $130 million and extend the maturity date to July 16, 2026.

    The amended facility reflects significant improvements in both economic and structural terms, including:

    • Up to $65 million in incremental, non-dilutive capital that positions Hut 8 to deploy capital against near-term opportunities advancing through its growth pipeline.
    • Conversion from a floating-rate structure to a fixed interest rate of 9.0% designed to improve Hut 8’s overall cost of capital as it scales, compared to a stated interest rate ranging from 10.5% to 11.5% between the quarter ended December 31, 2023 and the quarter ended March 31, 2025; and
    • Collateral and borrower protections including an improved limited recourse structure and continued application of a no-rehypothecation covenant on pledged Bitcoin.

    “As we advance a robust pipeline of growth opportunities, we have partnered with Coinbase to strategically double the size of our credit facility and deliver significantly improved terms,” said Asher Genoot, CEO of Hut 8. “The amended structure reflects a shared commitment to disciplined growth and leveraging flexible, non-dilutive capital as we position ourselves to execute on opportunities in our pipeline.”

    “This facility has been an efficient source of capital on our balance sheet, and the amended and restated agreement further strengthens its strategic value,” said Sean Glennan, CFO of Hut 8. “The combination of improved terms and collateral and borrower protections reflects our conviction that risk discipline is essential to building a resilient and efficient capital structure. We are grateful to Coinbase for their continued, constructive partnership in supporting this philosophy.”

    “We’re delighted to deepen our relationship with Hut 8 through this expanded credit facility, which reflects our shared focus on risk-managed growth and capital efficiency,” said Matt Boyd, Head of Institutional Financing at Coinbase. “By delivering non-dilutive financing with enhanced collateral protections, we’re supporting innovators like Hut 8 as they scale responsibly in the digital infrastructure ecosystem.”

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to positioning Hut 8 to deploy capital against near-term opportunities in its growth pipeline, advancing Hut 8’s robust pipeline of growth opportunities, Hut 8 and Coinbase’s shared commitment to disciplined growth and leveraging flexible, non-dilutive capital, Hut 8 scaling responsibly in the digital infrastructure ecosystem, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network –

  • MIL-OSI: TELUS and TransUnion Launch Branded Call Display in Canada with Business Name, Logo and Call Reason

    Source: GlobeNewswire (MIL-OSI)

    Solution helps businesses reach more customers, enhance engagement, and protect consumers from call spoofing and fraud            

    According to a TransUnion consumer survey in Canada, 70% of respondents said they’d be likely to answer calls from businesses with company name and logo; 61% said they didn’t answer a call due to safety and fraud concerns

    TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — TELUS (T-TSX; NYSE: TU) is partnering with TransUnion (NYSE: TRU) to implement Branded Call Display (BCD), a solution that enables participating businesses to showcase their identity on incoming calls to TELUS mobility subscribers. BCD will provide TELUS customers with rich call content, including business name, logo and reason for the call on the mobile display to identify incoming callers. When combined with end-to-end call authentication, secure branded calling helps protect consumers from fraud, while helping businesses reach more customers and improve the customer experience.

    “Canadians need more protection against fraud and unwanted calls,” said Juan Sebastian D’Achiardi, Regional President of TransUnion Canada. “We’re excited to partner with TELUS to implement secure branded calling. This solution will help protect Canadian consumers, reducing fraud and giving them confidence to answer the phone, so they don’t miss legitimate calls. For businesses, Branded Call Display will enable them to restore trust in the phone channel, reach more customers, enhance engagement and protect them from call spoofing and fraud.”

    “In today’s digital world, Canadians deserve confidence in who’s calling them,” said Kal Amery, Vice President, Global Carrier Solutions at TELUS. “By implementing TransUnion Branded Call Display, we’re not just displaying caller information, we’re verifying business identity in real-time, helping our customers avoid fraud while ensuring they don’t miss important calls from legitimate businesses. This technology represents a significant step forward in our ongoing commitment to customer security.”

    The partnership builds upon TELUS and TransUnion’s successful collaboration history, including their groundbreaking work on the first international calls authenticated by STIR/SHAKEN protocols. This new solution addresses a critical need in the Canadian market, where recent TransUnion research reveals:

    • 70% of consumers would likely answer calls from businesses displaying verified company names and logos
    • 61% have missed legitimate calls due to fraud concerns
    • Canadians prefer phone calls for critical communications:
      • Personal, including healthcare (62 %)
      • Urgent circumstances, including natural disasters (55 %)
      • High-value decisions, such as financial investments (52 %)

    Learn more about TELUS Partner Solutions visit telus.com/partner-solutions and TransUnion Branded Call Display.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including Canada, where we’re the credit bureau of choice for the financial services ecosystem and most of Canada’s largest banks. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care.

    Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    For more information visit: www.transunion.ca

    Contact

    Hyunjoo Kim
    Director, Corporate Affairs & Communications
    TransUnion
    hyunjoo.kim@transunion.co

    The MIL Network –

  • MIL-OSI: Odoo Connect 2025 Storms Back to San Francisco This Fall, with Over 90 Speakers and More Than 100 Sessions

    Source: GlobeNewswire (MIL-OSI)

    A Flagship Event for Open‑Source Business Innovation, Odoo Has Experienced 10X Growth in the Last 10 years

    SAN FRANCISCO, June 24, 2025 (GLOBE NEWSWIRE) — Odoo, the leading provider of enterprise resource planning (ERP) and customer relationship management (CRM) open-source business management software, announced the return of Odoo Connect 2025, taking place September 4–5 at Pier 27 on the Embarcadero in San Francisco. Odoo invites users, customers, entrepreneurs, developers and business leaders from across the U.S. and Canada for two days of learning, networking, and exploring the future of integrated business software.

    This year’s theme, “Everything you need for your business in one software,” will highlight the power of unified tools that help companies streamline operations across every function from finance and sales to inventory, marketing, and project management. Attendees can expect over 100 sessions spanning AI, CRM, e-commerce, supply chain, finance, manufacturing, and much more.

    “As AI and machine learning continue to reshape how businesses operate, Odoo stands as the perfect platform for builders and businesses alike, open-source, modular, and endlessly customizable. There’s no better place than San Francisco, the heart of innovation, to host Odoo Connect,” said Wilfried Juncker, Managing Director of North America at Odoo. “Our event is a hands-on experience focused on real demos, practical use cases, and direct education from our own experts. We made it affordable and accessible for businesses of all sizes with free passes and low-cost options. Our mission to deliver intuitive, scalable tools has driven our 10x U.S. growth over the past decade, and that same vision makes Connect a powerful gathering for the community.”

    Odoo Connect 2025 will also highlight the release of Odoo 19, a major platform upgrade that introduces smarter AI, enhanced performance, and a more intuitive user experience across all business functions.

    “We’re thrilled to return to Odoo Connect this year as a Technology Sponsor. This event has always been an incredible opportunity to connect with innovative businesses and showcase the power of seamless integrations, “ said Kevin Hughes, Strategic Alliance Manager, Avalara. “At Avalara, we’re proud of our ongoing collaboration with Odoo to simplify tax compliance through automation. We’re especially excited to host a session this year and engage with attendees at our booth to highlight how the Avalara-Odoo integration is helping companies stay compliant while scaling faster.”

    For more information and registration, please visit https://odoo.com/upraise.

    About Odoo
    Since its creation in 2002, Odoo has emerged as among the fastest growing integrated business solutions providers with more than 15 million users worldwide. With its range of integrated, scalable and functional applications, Odoo offers a comprehensive, modular suite that meets the specific needs of every business, making it a suitable solution for organizations of all sizes and sectors, from start-ups to large corporations.

    Odoo employs more than 6,000 people worldwide, and has built a partner network of over 8,000 organizations. Odoo is headquartered in Louvain, Belgium with 19 offices worldwide. Odoo serves a global community of 13 million users. For more information, visit www.odoo.com.

    Media Contact
    Valeria Carrillo
    Public Relations for Odoo
    Odoo@upraisepr.com
    415-397-7600

    The MIL Network –

  • MIL-OSI USA: A Slumping Slide Into the Yukon River

    Source: NASA

    The section of the Yukon River between Whitehorse and Lake Laberge is a popular route for canoers. The sinuous stretch in Canada’s Yukon Territory brings paddlers through a broad glacial valley punctuated by cutbanks, sandbars, and oxbow lakes. As of May 2025, adventurers might encounter a new geologic feature: a concave slump that took a bite out of the east bank of the river, toppled and tilted trees, and deposited such a massive mound of debris that the river narrowed to less than half its normal width.
    The OLI (Operational Land Imager) on Landsat 8 captured a clear view (right) of the landslide debris on June 22, 2025. The left image shows the same area on June 19, 2024, before the landslide. The slide occurred on a forested bank just west of Swan Lake. Ground photographs indicate that it was a rotational landslide, or slump, meaning the surface of the rupture occurred along a curved surface and left a spoon-shaped depression. Note that the river water levels were lower in June 2025, so sandbars appear slightly larger than in June 2024.
    Based on satellite imagery and reports from people on the river, scientists with the Yukon Geological Survey reported that the slide was initially 950 meters (3,100 feet) wide and 250 meters (820 feet) long and occurred between May 14 and May 18.
    “It’s a compound landslide of clay, silt, and sand from Glacial Lake Laberge sediments deposited at the end of the glaciation,” the survey noted in a post on Facebook. “The slide extended below the riverbed, thrusting sediments and vegetation several meters above river level—creating spectacular classic landslide landforms.”
    Geologists noted impressive back-tilted blocks and horst and graben structures visible in photos of the debris, but such features are likely short-lived. The debris could erode away “quite quickly” given the fine-grained materials involved, wrote Dave Petley, vice-chancellor at the University of Hull and author of The Landslide Blog. “Landslides of this type are part of the functioning of the natural system, providing the mechanism through which the river can meander across the plain,” he said.
    The next stop for much of the landslide debris is likely “The Flats”—a shallow delta-like area of mudflats and sand downriver, where the Yukon River slows, widens, and becomes Lake Laberge.
    NASA Earth Observatory images by Michala Garrison, using Landsat data from the U.S. Geological Survey. Story by Adam Voiland.

    MIL OSI USA News –

  • MIL-Evening Report: The war won’t end Iran’s nuclear program – it will drive it underground, following North Korea’s model

    Source: The Conversation (Au and NZ) – By Anthony Burke, Professor of Environmental Politics & International Relations, UNSW Sydney

    The United States’ and Israel’s strikes on Iran are concerning, and not just for the questionable legal justifications provided by both governments.

    Even if their attacks cause severe damage to Iran’s nuclear facilities, this will only harden Iran’s resolve to acquire a bomb.

    And if Iran follows through on its threat to pull out of the Treaty on the Nonproliferation of Nuclear Weapons (NPT), this will gravely damage the global nuclear nonproliferation regime.

    In a decade of international security crises, this could be the most serious. Is there still time to prevent this from happening?

    A successful but vulnerable treaty

    In May 2015, I attended the five-yearly review conference of the NPT. Delegates debated a draft outcome for weeks, and then, not for the first time, went home with nothing. Delegates from the US, United Kingdom and Canada blocked the final outcome to prevent words being added that would call for Israel to attend a disarmament conference.

    Russia did the same in 2022 in protest at language on its illegal occupation of the Zaporizhzhia nuclear power station in Ukraine.

    Now, in the latest challenge to the NPT, Israel and the US have bombed Iran’s nuclear complexes to ostensibly enforce a treaty neither one respects.

    When the treaty was adopted in 1968, it allowed the five nuclear-armed states at the time – the US, Soviet Union, France, UK and China – to join if they committed not to pass weapons or material to other states, and to disarm themselves.

    All other members had to pledge never to acquire nuclear weapons. Newer nuclear powers were not permitted to join unless they gave up their weapons.

    Israel declined to join, as it had developed its own undeclared nuclear arsenal by the late 1960s. India, Pakistan and South Sudan have also never signed; North Korea was a member but withdrew in 2003. Only South Sudan does not have nuclear weapons today.

    To make the obligations enforceable and strengthen safeguards against the diversion of nuclear material to non-nuclear weapons states, members were later required to sign the IAEA Additional Protocol. This gave the International Atomic Energy Agency (IAEA) wide powers to inspect a state’s nuclear facilities and detect violations.

    It was the IAEA that first blew the whistle on Iran’s concerning uranium enrichment activity in 2003. Just before Israel’s attacks this month, the organisation also reported Iran was in breach of its obligations under the NPT for the first time in two decades.

    The NPT is arguably the world’s most universal, important and successful security treaty, but it is also paradoxically vulnerable.

    The treaty’s underlying consensus has been damaged by the failure of the five nuclear-weapon states to disarm as required, and by the failure to prevent North Korea from developing a now formidable nuclear arsenal.

    North Korea withdrew from the treaty in 2003, tested a weapon in 2006, and now may have up to 50 warheads.

    Iran could be next.

    How things can deteriorate from here

    Iran argues Israel’s attacks have undermined the credibility of the IAEA, given Israel used the IAEA’s new report on Iran as a pretext for its strikes, taking the matter out of the hands of the UN Security Council.

    For its part, the IAEA has maintained a principled position and criticised both the US and Israeli strikes.

    Iran has retaliated with its own missile strikes against both Israel and a US base in Qatar. In addition, it wasted no time announcing it would withdraw from the NPT.

    On June 23, an Iranian parliament committee also approved a bill that would fully suspend Iran’s cooperation with the IAEA, including allowing inspections and submitting reports to the organisation.

    Iran’s envoy to the IAEA, Reza Najafi, said the US strikes:

    […] delivered a fundamental and irreparable blow to the international non-proliferation regime conclusively demonstrating that the existing NPT framework has been rendered ineffective.

    Even if Israel and the US consider their bombing campaign successful, it has almost certainly renewed the Iranians’ resolve to build a weapon. The strikes may only delay an Iranian bomb by a few years.

    Iran will have two paths to do so. The slower path would be to reconstitute its enrichment activity and obtain nuclear implosion designs, which create extremely devastating weapons, from Russia or North Korea.

    Alternatively, Russia could send Iran some of its weapons. This should be a real concern given Moscow’s cascade of withdrawals from critical arms control agreements over the last decade.

    An Iranian bomb could then trigger NPT withdrawals by other regional states, especially Saudi Arabia, who suddenly face a new threat to their security.

    Why Iran might now pursue a bomb

    Iran’s support for Hamas, Hezbollah and Syria’s Assad regime certainly shows it is a dangerous international actor. Iranian leaders have also long used alarming rhetoric about Israel’s destruction.

    However repugnant the words, Israeli and US conservatives have misjudged Iran’s motives in seeking nuclear weapons.

    Israel fears an Iranian bomb would be an existential threat to its survival, given Iran’s promises to destroy it. But this neglects the fact that Israel already possesses a potent (if undeclared) nuclear deterrent capability.

    Israeli anxieties about an Iranian bomb should not be dismissed. But other analysts (myself included) see Iran’s desire for nuclear weapons capability more as a way to establish deterrence to prevent future military attacks from Israel and the US to protect their regime.

    Iranians were shaken by Iraq’s invasion in 1980 and then again by the US-led removal of Iraqi dictator Saddam Hussein in 2003. This war with Israel and the US will shake them even more.

    Last week, I felt that if the Israeli bombing ceased, a new diplomatic effort to bring Iran into compliance with the IAEA and persuade it to abandon its program might have a chance.

    However, the US strikes may have buried that possibility for decades. And by then, the damage to the nonproliferation regime could be irreversible.

    Anthony Burke received funding from the UK’s Economic and Social Research Council for a project on global nuclear governance (2014–17).

    – ref. The war won’t end Iran’s nuclear program – it will drive it underground, following North Korea’s model – https://theconversation.com/the-war-wont-end-irans-nuclear-program-it-will-drive-it-underground-following-north-koreas-model-259281

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Cielo Provides Update on Settlement Agreement, Shareholder Meeting and Webinar, and Units for Debt Transactions

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) today provides an update on the Settlement Agreement, Securities for Debt Transactions, and Shareholder Meeting (each as defined below).

    Settlement Agreement

    Cielo had previously announced the execution of a settlement agreement (the “Settlement Agreement”) with Expander Energy Inc. (“Expander”) and certain directors, shareholders and related parties of Expander (collectively and together with Expander, the “Settlement Parties”). The Settlement Agreement provides for the effective unwinding, to the extent possible, of certain previously disclosed transactions (the “Transactions”) completed between Cielo and the applicable Settlement Parties, including Expander, pursuant to and in connection with an amended and restated asset purchase agreement dated November 8, 2023, as amended on September 16, 2024 (the “APA”). The unwinding was expected to take effect on June 13, 2025 (the “Closing Date”), subject to completion of certain closing conditions, including the payment of an aggregate amount of C$748,208.79 (the “Payment”) to the applicable Settlement Parties, including Expander, in full and final satisfaction of all and any outstanding fees owing by the Company. Cielo was unable to make the Payment in accordance with the Settlement Agreement. Cielo has received a notice of breach of the Settlement Agreement from Expander as a result however Cielo continues to make efforts to make the Payment and is in discussions with Expander and the Settlement Parties with respect to the extension of the Closing Date on mutually agreeable terms.

    Shareholder Meeting and Webinar

    As previously disclosed, Cielo’s shareholder meeting (the “Shareholder Meeting”) will be held on Tuesday, June 24, 2025. As the Company has received no advance notice of any other nominations in accordance with Cielo’s Advance Notice Policy, only the incumbent directors of the Company, being Mr. Ryan Jackson, Ms. Sheila Leggett, Mr. Peter MacKay and Mr. Larry Schafran, will be considered, and are anticipated to be elected, at the Shareholder Meeting.  

    Details on the Shareholder Meeting are contained in a Notice of Meeting and Management Information Circular (the “Meeting Materials”) that was mailed to shareholders of Cielo as of the record date filed on SEDAR+, and are also available on the Company’s profile on www.sedarplus.ca.

    The Shareholder Meeting will be held in person at 11am Mountain Time/1 pm Eastern Time. The formal portion of the Shareholder Meeting will be followed by a presentation and question answer period in person and by webcast (the “Webinar”). Shareholders who attend the Webinar will be able to hear the formal portion of the Shareholder Meeting but will not be able to vote at or otherwise participate. Once the formal portion of the Shareholder Meeting has concluded, those who attend the Webinar may view the presentation and participate in the question-and-answer period. Those who wish to attend the Webinar may register in advance of the Shareholder Meeting using the following link: Cielo AGM Webinar

    Securities for Debt Transactions

    In a news release issued on May 16, 2025 (the “May 16 PR”), Cielo announced the anticipated settlement of an aggregate $1,797,195 (the “Original Aggregate Debt Amount”) through the issuance of securities of the Company (the “Securities for Debt Transactions”), subject to the approval of the TSX Venture Exchange (the “Exchange”). The Company would like to make a correction to the May 16 PR, which stated that the Company anticipated the issuance of 35,943,847 Repayment Units (as defined below), whereas the correct number of Repayment Units anticipated to be issued at the time of the May 16 PR was 33,433,120 Repayment Units.

    The Company has also agreed to increase the Original Debt Amount to $1,967,766 (the “Aggregate Debt Amount”). As a result of the increase, the Company intends to issue:

    • 33,523,132 units of the Company (each, a “Repayment Unit”, collectively the “Repayment Units”) in aggregate to the Creditors at a price of $0.05 per Unit, to settle $1,676,167 of the Aggregate Debt Amount (the “Units for Debt Transactions”), the terms of which were described in the May 16 PR; and
    • 5,832,180 common shares of the Company (the “Repayment Shares”, together with the Repayment Units, collectively the “Repayment Securities”) at a price of $0.05 per Repayment Share (the “Shares for Debt Transactions”) to two (2) Insiders of the Company (as that term is defined in the policies of the Exchange) to settle $291,609 of the Aggregate Debt Amount owing to the Insiders. No warrants will be issued to the Insiders.

    The Shares for Debt Transactions with the Insiders are considered to be “related party transactions” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction (“MI 61-101”). The Company will rely upon the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in section 5.5 (a) and 5.7(1) (a), as the fair market value of the Shares for Debt Transactions does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

    The Units for Debt Transactions and the Shares for Debt Transactions are subject to the approval of the Exchange. Upon approval and issuance, the Repayment Securities will be subject to a hold period of 4 months.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. 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 within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    ABOUT CIELO

    Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value renewable fuels. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. Cielo is committed to helping society ‘change the fuel, not the vehicle’, which the Company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”

    For further information please contact:

    Cielo Investor Relations

    Ryan C. Jackson, CEO
    Phone: (403) 348-2972
    Email: investors@cielows.com

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. The Company is making forward-looking statements, including but not limited to, with respect to: the Settlement Agreement, including any extension to the Closing Date and related terms; the Shareholder Meeting, including the date thereof, the re-election of incumbent directors, and the Webinar; and the Securities for Debt Transactions, including the amounts and other terms of the Units for Debt Transactions and Shares for Debt Transactions, including but not limited to the number of Repayment Shares and Repayment Units to be issued, the price, and the MI 61-101 exemptions to be relied upon.

    Investors should continue to review and consider information disseminated through news releases and filed by Cielo on SEDAR+. Although the Company has attempted to identify crucial factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

    Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Cielo’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

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

    The MIL Network –

  • MIL-OSI Canada: Tuesday, June 24, 2025

    Source: Government of Canada – Prime Minister

    Note: All times local

    Brussels, Belgium

    8:20 a.m. The Prime Minister will depart for The Hague, the Netherlands.

    The Hague, the Netherlands

    10:15 a.m. The Prime Minister will arrive in The Hague, the Netherlands.

    2:30 p.m. The Prime Minister will meet with the President of Latvia, Edgars Rinkēvičs.

    Note for media:

    3:15 p.m. The Prime Minister will meet with the Prime Minister of the Netherlands, Dick Schoof.

    Note for media:

    4:00 p.m. The Prime Minister will have an audience with Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands.

    Note for media:

    5:15 p.m. The Prime Minister will meet with leaders of Nordic countries.

    Note for media:

    7:25 p.m. The Prime Minister will attend the official welcome by Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands.

    Note for media:

    • Host broadcaster

    7:45 p.m. The Prime Minister will attend a reception given by Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands.

    Closed to media

    8:25 p.m. The Prime Minister will participate in a family photo with NATO Allies.

    Note for media:

    8:45 p.m. The Prime Minister will attend a dinner given by Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands.

    Note for media:

    • Host broadcaster

    MIL OSI Canada News –

  • MIL-OSI Canada: Joint Statement on the Visit to Ottawa of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates

    Source: Government of Canada News

    Ottawa, June 23, 2025

    The Honourable Anita Anand, Minister of Foreign Affairs, hosted His Highness, Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates (UAE), for a visit to Canada from June 19 to 20, 2025. The visit reaffirmed the shared commitment of Canada and the UAE to deepen bilateral cooperation across trade, investment, innovation, people-to-people ties, international development, and regional peace and security.

    During the visit, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, met with the Right Honourable Mark Carney, Prime Minister of Canada. The two sides discussed the growing ties between Canada and the UAE. On behalf of HH Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, HH Sheikh Abdullah bin Zayed Al Nahyan extended to Prime Minister Carney an invitation to visit the UAE this year.

    Canada and the UAE will continue to deepen their bilateral relationship by exploring new opportunities for cooperation, with particular emphasis on economic ties. Both countries welcomed the launch of the Dubai Chambers office in Toronto—the organization’s first in North America—which will serve as a strategic platform to foster deeper commercial ties. The Honourable Maninder Sidhu, Canada’s Minister of International Trade, attended the launch of the International Dubai Chambers alongside His Excellency Sultan bin Saeed Al Mansoori, the UAE Foreign Minister’s Envoy to Canada. The new office comes as part of the Dubai Global initiative and deepening economic ties with Canada. This opening reflects a shared ambition to unlock new opportunities for collaboration in priority sectors, including artificial intelligence, energy and infrastructure, and underscores Canada’s important role in the UAE’s global trade and investment strategy.

    Both countries also recognized the important role of the Canada-UAE Business Council in bringing together business leaders from both countries to develop actionable business opportunities and advance national economic objectives. Building on the strong foundation of institutional partnerships—exemplified by the global collaboration between Caisse de dépôt et placement du Québec and DP World across 15 ports and logistics parks—both countries expressed their intent to pursue new avenues for strategic investment and long-term economic engagement. Canada and the UAE reiterated their commitment to the swift conclusion of the ongoing negotiations for a Foreign Investment Promotion and Protection Agreement (FIPA).

    The Honourable Maninder Sidhu, Canada’s Minister of International Trade, and His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, co-led a business round table on June 19, 2025, organized by the Canada-UAE Business Council.

    Artificial Intelligence, Emerging Technologies, and Digital Innovation: Recognizing the transformative potential of artificial intelligence (AI), both countries reaffirmed their interest in exploring collaboration in this critical domain. Canada, home to one of the world’s most dynamic AI ecosystems, recently appointed its first Minister of Artificial Intelligence and Digital Innovation, reflecting a renewed national commitment to responsible AI leadership. The UAE, a global leader in AI and the first to appoint a Minister of State for AI, has articulated a dedicated foreign policy position on AI, emphasizing principles of international cooperation, sustainable development and responsible governance. In this regard, the UAE continues to invest in talent development, infrastructure and technology-access frameworks.

    The Ministers welcomed ongoing dialogue between institutions and stakeholders to explore cooperation in AI and emerging technology research, commercialization, and responsible deployment. Both sides emphasized the importance of inclusive, secure, responsible, and sustainable AI development that supports innovation and economic growth.

    Water: Both countries recognized that water lies at the core of climate action, affirming their shared commitment to addressing global water challenges. Both sides underscored the need to strengthen international cooperation, highlighting the upcoming 2026 UN Water Conference, to be co-hosted by the UAE and Senegal, as a key opportunity to advance global water efforts. They also stressed the importance of investing in water technology and innovation to scale up water-scarcity solutions, as exemplified by the UAE’s launch of the Mohamed bin Zayed Water Initiative in early 2024. 

    Energy and Natural Resources: Canada and the UAE reaffirmed their shared commitment to advancing energy security and accelerating a just transition to a low-carbon economy. The UAE’s growing investment footprint in Canada demonstrates the strong commercial foundation for future cooperation. Canada welcomed the UAE’s interest in formalizing energy collaboration. Canada recognized the UAE’s pioneering efforts in the energy sphere and welcomed the UAE’s interest in promoting greater energy collaboration on an international level. Canada also expressed support for continued dialogue on joint initiatives in decarbonization, liquified natural gas, nuclear, hydrogen, and critical mineral value chains. In this context, Canada and the UAE highlighted their dedication to build on their current ties in the fields of energy and critical energy-transition minerals, while including a focus on promoting investment opportunities and enhancing mutual investment attraction.

    International Peace and Security: Canada and the UAE reiterated their shared commitment to promoting peace, stability, and inclusive prosperity across the Middle East and beyond. Both countries emphasized the importance of sustained diplomatic engagement, humanitarian leadership, and multilateral cooperation in addressing geopolitical challenges. They unequivocally condemned all acts of terrorism. They reaffirmed the importance of maintaining and promoting peace and coexistence and their rejection of intolerance, hate speech, discrimination and all forms of extremism.

    Canada and the UAE also restated that the principles of dialogue, adherence to international law, and respect for state sovereignty are essential to resolving the conflict between Israel and Iran. Both sides stressed the need for an immediate and permanent ceasefire in Gaza; the release of all remaining hostages; and the urgent, sustainable, unhindered, at-scale flow of aid to address the appalling humanitarian catastrophe. Canada and the UAE also underscored the importance of sustained efforts to advance a serious political horizon toward the two-state solution. The Ministers reaffirmed the urgent need for de-escalation and urged all parties to refrain from actions that further destabilize the region. Both sides reasserted that diplomatic engagement remains essential to ensuring long-term regional stability and international security.

    Joint Committee for Cooperation: Both countries are actively using the Joint Committee for Cooperation (JC) as a strategic platform to drive forward a deeper, more institutionalized partnership. Through regular, high-level dialogue, the JC is advancing collaboration in priority areas such as trade and investment, defence and security, and climate and energy. Canada will host the next Ministerial meeting, reinforcing the shared commitment to sustained, results-driven engagement.

    International Development Cooperation: Canada and the UAE reaffirmed their mutual determination to address pressing global development and humanitarian challenges. Canada welcomed the UAE’s role as a global development and humanitarian partner. Recognizing the unprecedented scale and severity of humanitarian crises around the world, Canada and the UAE reaffirmed their shared commitment to cooperate closely in delivering assistance and empowering communities. Both countries underscored the importance of this partnership, and committed to leveraging their complementary strengths, particularly during a time of intensifying conflicts around the world.

    Canada commended the UAE’s global leadership in humanitarian and mediation efforts, including in Gaza, where the UAE has emerged as the largest bilateral aid donor, and in Ukraine, where the UAE has facilitated 15 prisoner-of-war exchanges, consistent with Canada’s ongoing efforts to address the human dimension of the war. These efforts underscore a shared commitment to upholding international humanitarian law and fostering dialogue in times of conflict. Both sides emphasized the importance of pursuing durable and just solutions grounded in international law and inclusive political processes. They expressed their mutual intent to continue working together on their shared goals of advancing stability and development, promoting tolerance and coexistence, protecting human dignity, and addressing hate speech, discrimination and all forms of extremism.

    People to People: Canada and the UAE celebrated their deepening people-to-people ties, which serve as a cornerstone of the growing bilateral partnership. Canada welcomed the increasing number of Emirati students in Canadian higher education institutions, reflecting mutual recognition of academic excellence. The UAE acknowledged the valuable contributions of the more than 60,000 Canadians living and working in the Emirates, who continue to enrich the diversity, innovation and vibrancy of UAE society.

    The two countries also stressed their shared commitment to cultural exchange and intercultural dialogue to foster mutual understanding and respect. Both sides recognize the landmark presentation of the “As the Sun Appears from Beyond” exhibition, which celebrates the richness and diversity of contemporary Islamic art, and recently showcased in Toronto through a partnership between the Aga Khan Museum and the UAE Ministry of Culture.

    Conclusion: The two sides reaffirmed their strong and growing relationship, rooted in mutual respect, shared objectives, and a common vision for sustainable prosperity and global stability. The visit marked a significant step forward in the Canada-UAE relationship. Both countries are committed to maintaining high-level engagement, concluding further mutually beneficial instruments, and building a durable, forward-looking partnership that delivers tangible benefits for their peoples and contributes to global peace and prosperity.

    MIL OSI Canada News –

  • MIL-OSI: Lysander Funds Limited Announces Management Fee Reductions, Change in Portfolio Manager and Change in Risk Ratings for Certain Funds

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Lysander Funds Limited (“Lysander”) announced today management fee reductions, change in portfolio manager and change in risk ratings for certain of its mutual funds.  Details of these changes are set out below.

    Management Fee Reductions

    Effective June 25, 2025, the management fees for Series A and Series F units of Lysander-Seamark Total Equity Fund will be lowered from 2.00% to 1.80%, and from 1.00% to 0.80%, respectively.

    Change in Portfolio Manager

    Effective June 25, 2025, Lysander-Canso Canadian Alumni Balanced Fund will change its portfolio manager from Canso Investment Counsel Ltd. (“Canso”) to Lysander.

    Concurrently with the change in portfolio manager, the name of the fund will change to “Lysander Canadian Alumni Balanced Fund”.

    The fund’s investment objectives, investment strategies and management fees remain the same. 

    Change in Risk Ratings

    In accordance with the investment risk classification methodology mandated by the Canadian Securities Administrators, Lysander has changed the investment risk rating of certain of its funds, as follows:

    Fund Previous Risk Rating New Risk Rating
    Lysander-Patient Capital Equity Fund Medium Low-to-Medium
    Lysander-Canso All Country Long/Short Equity Fund Low-to-Medium Medium
         

    No changes have been made to the investment objectives of these funds.
    ______________________________________________________________________________

    Lysander is the trustee and investment fund manager of the funds noted above.  The head office of Lysander is located at 3080 Yonge Street, Suite 4000, Toronto, Ontario   M4N 3N1.

    For further information on Lysander, please visit www.lysanderfunds.com, email manager@lysanderfunds.com or you can reach Lysander at 1-877-308-6979.

    Richard Usher-Jones
    President
    Lysander Funds Limited
    Tel. No. 416-640-4275
    Fax No. 416-855-6515

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    The MIL Network –

  • MIL-Evening Report: Drone footage captured orcas crafting tools out of kelp – and using them for grooming

    Source: The Conversation (Au and NZ) – By Vanessa Pirotta, Postdoctoral Researcher and Wildlife Scientist, Macquarie University

    Sara Jenkins/500px/Getty

    The more we learn about orcas, the more remarkable they are. These giant dolphins are the ocean’s true apex predator, preying on great white sharks and other lesser predators.

    They’re very intelligent and highly social. Their clans are matrilineal, centred around a older matriarch who teaches her clan her own vocalisations. Not only this, but the species is one of only six known to experience menopause, pointing to the social importance of older females after their reproductive years. Different orca groups have fashion trends, such as one pod who returned to wearing salmon as a hat, decades after it went out of vogue.

    But for all their intelligence, one thing has been less clear. Can orcas actually make tools, as humans, chimps and other primates do? In research out today by United States and British researchers, we have an answer: yes.

    Using drones, researchers watched as resident pods in the Salish Sea broke off the ends of bull kelp stalks and rolled them between their bodies. This, the researchers say, is likely to be a grooming practice – the first tool-assisted grooming seen in marine animals.

    This video shows whales using kelp tools in what appears to be social grooming behaviour. Credit: Center for Whale Research.

    Self kelp: why would orcas make tools?

    Tool use and tool making have been well documented in land-based species. But it’s less common among marine species. This could be partly due to the challenge of observing them.

    This field of research expands what we know these animals are capable of. Not only are orcas spending time making kelp into a grooming tool, but they’re doing it socially – two orcas have to work together to rub the kelp against their bodies.

    To make the tool, the orcas use their teeth to grab a stalk of kelp by its “stipe” – the long, narrow part near the seaweed’s holdfast, where it tethers to the rock. They use their teeth, motion of their body and the drag of the kelp to break off a piece of this narrow stipe.

    Next, they approach a social partner, flip the length of the kelp onto their rostrum (their snout-like projection) and press their head and the kelp against their partner’s flank. The two orcas use their fins and flukes to trap the kelp while rolling it between their bodies. During this contact, the orcas would roll and twist their bodies – often in an exaggerated S-shaped posture. A similar posture has been seen among orcas in other groups, who adopt it when rubbing themselves on sand or pebbles.

    Why do it? The researchers suggest this practise may be social skin-maintenance. Bottlenose dolphin mothers are known to remove dead skin from their calves using flippers, while tool-assisted grooming of a partner has been seen in primates, but infrequently and usually in captivity.

    Orcas across different social groups, ages and genders were seen doing this. But they were more likely to groom close relatives or those of similar age. There was some evidence suggesting whales with skin conditions were more likely to do the kelp-based grooming.

    Humpback whales are known to wear kelp in a practice known as “kelping”. But this study covers a different behaviour, which the authors dub “allokelping” (kelping others).

    A surprise from well-studied pods

    Interestingly, this new discovery comes from some of the most well-studied and famous orcas in the world – a group known as the southern resident killer whales. If you were a child of the 90s, you would have seen them in the opening scene of Free Willy, the movie which set me on my path to study cetaceans.

    These orcas consist of three pods known as J, K and L pods. Each live in the Salish Sea in the Pacific Northwest on the border of Canada and the US.

    Researchers fly drones over these resident pods most days and have access to almost 50 years of observations. But this is the first time the tool-making behaviour has been seen.

    Unfortunately, these pods are critically endangered. They’re threatened by sound pollution from shipping, polluted water, vessel strike and loss of their main food source – Chinook salmon.

    A pod of killer whales off Vancouver, Canada.
    Vanessa Pirotta, CC BY-NC-ND

    Orcas are smart

    In one sense, the findings are not a surprise, given the intelligence of these animals.

    In the Arctic, orcas catch seals by making waves to wash them off ice floes. Before European colonisation, orcas and First Nations groups near Eden hunted whales together.

    They can mimic human speech, while different groups have their own dialects. These animals are awe-inspiring – and sometimes baffling, as when a pod began biting or attacking boats off the Iberian peninsula.

    While orcas are often called “killer whales”, they’re not whales. They’re the biggest species of dolphin, growing up to nine metres long. They’re found across all the world’s oceans.

    Within the species, there’s a surprising amount of diversity. Scientists group orcas into different ecotypes – populations adapted to local conditions. Different orca groups can differ substantially, from size to prey to habits. For instance, transient orcas cover huge distances seeking larger prey, while resident orcas stick close to areas with lots of fish.

    Not just a fluke

    Because orcas differ so much, we don’t know whether other pods have discovered or taught these behaviours.

    But what this research does point to is that tool making may be more common among marine mammals than we expected. No hands – no problem.

    Vanessa Pirotta 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. Drone footage captured orcas crafting tools out of kelp – and using them for grooming – https://theconversation.com/drone-footage-captured-orcas-crafting-tools-out-of-kelp-and-using-them-for-grooming-259372

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Bitcoin Treasury Corporation Announces Closing of Amalgamation and Concurrent Financing

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to United States news wire services or for dissemination in the United States.

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Bitcoin Treasury Corporation (“Bitcoin Treasury” or the “Corporation”), further to its press releases dated May 22, 2025, May 30, 2025, and June 17, 2025, is pleased to announce that it has completed the previously announced amalgamation, pursuant to which 2680083 Alberta Ltd. (“268”) and Bitcoin Treasury Corporation (pre-amalgamated entity) (“BTCT”) have amalgamated and will continue as one corporation, that will carry on the business of BTCT (the “Transaction”). The Corporation is also pleased to announce that a listing application in respect of the Corporation has been submitted to the TSX Venture Exchange (the “TSXV”) to list the common shares of the Corporation (the “Bitcoin Treasury Shares”). Listing of the Bitcoin Treasury Shares is subject to the TSXV providing final approval thereof (the “Listing”).

    Concurrent Financing

    The Corporation is also pleased to announce that, further to its press release dated May 30, 2025 and prior to the close of the Transaction, BTCT closed a concurrent brokered private placement of 8,407,350 equity subscription receipts and 25,000 convertible debenture subscription receipts (the “Convertible Debenture Subscription Receipts”) at a price of $1,000 per Convertible Debenture Subscription Receipt and a non-brokered private placement of 1,166,000 equity subscription receipts (the “Equity Subscription Receipts”) at a price of $10.00 per Equity Subscription Receipt for aggregate gross proceeds of $120,733,500 (collectively, the “Concurrent Financing”). Canaccord Genuity and Stifel acted as co-lead agents, together with National Bank Financial Markets, BMO Capital Markets, CIBC Capital Markets, Wellington-Altus, Greenhill, a Mizuho affiliate, Research Capital, Haywood Securities, ATB Capital Markets, Independent Trading Group, Richardson Wealth and Ventum Capital Markets (collectively, the “Agents”) in connection with the Concurrent Financing.

    Prior to the close of the Transaction, each Equity Subscription Receipt was converted into one common share of BTCT (“BTCT Share”) and each Convertible Debenture Subscription Receipt was converted into one convertible debenture of BTCT (“BTCT Convertible Debenture”) on a one for one basis.

    In connection with the closing of the Concurrent Financing and as consideration for their services, BTCT paid to the Agents cash fees of $5,979,000.

    Share Consolidation

    Immediately prior to the completion of the Transaction, 268 completed a consolidation of the common shares of 268 (“268 Shares”) based on a ratio of one (1) post-consolidation common share for each 51.66712593 pre-consolidation common shares, resulting in an aggregate of 74,999 268 Shares.

    The Transaction

    Pursuant to the amended and restated amalgamation agreement between 268 and BTCT dated June 16, 2025, among other things, (i) 268 and BTCT have amalgamated pursuant to the provisions of the Business Corporations Act (Alberta); (ii) each holder of BTCT Shares received one Bitcoin Treasury Share in exchange for each BTCT Share held by such holder and the BTCT Shares were cancelled by the Corporation; (iii) each holder of BTCT Convertible Debentures or warrants of BTCT (the “BTCT Convertible Securities”) received one convertible debenture in the Corporation or one warrant of the Corporation, as the case may be, in exchange for each BTCT Convertible Security held by such holder and the BTCT Convertible Securities were cancelled by the Corporation; (iv) each holder of 268 Shares received one Bitcoin Treasury Share in exchange for each 268 Share held by such holder and the 268 Shares were cancelled by the Corporation; and (v) the Corporation adopted the equity incentive plan of BTCT.

    Bitcoin Treasury Share Offering

    Upon final approval from the TSXV of the Listing and the TSXV’s issuance of a “list and halt” bulletin, the Corporation intends to complete a brokered offering of up to 426,650 Bitcoin Treasury Shares at a price of $10.00 per Bitcoin Treasury Share (the “Offered Shares”). This, combined with the Concurrent Financing, will provide aggregate gross proceeds of $125,000,000. The Offered Shares will be issued after the Bitcoin Treasury Shares commence trading on the TSXV, and such Bitcoin Treasury Shares shall immediately be halted. Such Offered Shares will be eligible for investment in RRSPs, RESPs, RRIFs, RDSPs, TFSAs, FHSAs and DPSPs, but will be subject to a statutory hold period of four months plus one day from the date the Offered Shares are issued, in accordance with applicable Canadian securities laws. The offering of the Offered Shares is expected to close on or about the week of June 23, 2025. In connection with the closing of the Offered Shares and as consideration for their services, BTCT anticipates a payment to the Agents a cash commission of $178,950.

    For further information, please contact:

    Bitcoin Treasury Corporation
    Elliot Johnson, Chief Executive Officer
    Phone: 416-619-3403
    Email: ejohnson@btctreasurycorp.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 news release.

    Cautionary Note Regarding Forward-Looking Statements

    This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the Listing of Bitcoin Treasury Shares; the offering of Offered Shares; the anticipated closing date of the Offered Share offering; receipt of a TSXV list and halt bulletin; the anticipated Agents fees relating to the Offered Share offering; expectations related to Bitcoin and its use in the future; and future development plans of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: ability to close the Bitcoin Treasury Share Offering on the proposed terms or at all, the synergies expected from the Transaction not being realized; business integration risks; the Corporation’s operating results will experience significant fluctuations due to the highly volatile nature of Bitcoin; BTCT operates in a heavily regulated environment and any material changes or actions could lead to negative adverse effects to the business model, operational results, and financial condition of BTCT; evolving cryptocurrency regulatory requirements and the impact on BTCT’s business plan; Bitcoin value risk; reliance on key personnel; implementation of the Corporation’s business plan; lack of operating history; competitive conditions; de banking and financial services risk; anti money laundering and corrupt business practices; additional capital; financing risks; global financial conditions; insurance and uninsured risks; cybersecurity risks; changes to bank fees or practices, or payment card networks; audit of tax filings; market for the Bitcoin Treasury Shares; market price of the Bitcoin Treasury Shares; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Corporation’s business; risk of litigation; pandemics or other health crisis; acquisitions and integration; risk of dilution of Bitcoin Treasury securities; dividend policy; Bitcoin price volatility; custodial risks; technological vulnerabilities; Bitcoin transactions are irreversible and may result in significant losses; short history risk; limited history of the Bitcoin market; potential decrease in the global demand for Bitcoin; economic and political factors; top Bitcoin holders control a significant percentage of the outstanding Bitcoin; availability of exchange traded products liquidity; security breaches; the amalgamation agreement may be terminated by 268 or BTCT in certain circumstances; there can be no certainty that all conditions precedent to the Transaction will be satisfied; BTCT and 268 may incur costs even if the Transaction is not completed; the requirements that accompany being a publicly traded company may put a strain on the Corporation’s resources, divert attention from management, and adversely affect its ability to maintain and attract management and qualified board members; uncertainty of use of proceeds; liquidity risk; leverage risk; and share price fluctuations.

    Although management of BTCT believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements 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 statements. The forward-looking statements and information contained in this news release are made as of the date of this news release, and BTCT does not undertake any obligation to update publicly or to revise any of the included forward -looking statements or information, whether as a result of new information, change in management’s estimates or opinions, future circumstances or events or otherwise, except as expressly required by applicable securities law.

    Completion of the Listing is subject to a number of conditions, including but not limited to, TSXV acceptance.

    Investors are cautioned that, except as disclosed in the filing statement filed on June 17, 2025, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

    The TSXV has neither approved nor disapproved the contents of this news release.

    The MIL Network –

  • MIL-OSI Canada: Recapture of Inmate from Archambault Institution – Minimum-Security Unit

    Source: Government of Canada News (2)

    June 23, 2025 – Sainte-Anne-des-Plaines, Quebec – Correctional Service Canada

    At approximately 3:40 p.m. on June 23, 2025, inmate Richard Plourde was apprehended by the Sûreté du Québec.

    This inmate had been unlawfully at large from the minimum-security unit at Archambault Institution, since June 22, 2025.

    Ensuring the safety and security of its institutions, staff, and the public remains our highest priority in the operation of the federal correctional system.

    The Correctional Service of Canada is conducting an investigation into the circumstances surrounding the incident.

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI: Acceleware Announces Strategic Collaboration and Distribution Agreement with Scovan

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of cutting-edge radio frequency (RF) power-to-heat technologies targeting process heat for critical minerals, amine regeneration (for carbon capture and other applications), and enhanced oil production, is pleased to announce a strategic collaboration and distribution agreement (“The Agreement”), with Scovan. Scovan is an industry leader specializing in innovation and expertise for energy sector projects by providing engineering, procurement, complete fabrication, construction and construction management services (EPFC).

    This Agreement supports Acceleware’s broader strategy to rapidly evolve the Company from research and development to a cash flow generating business. It is also structured such that it could potentially expedite successful commercialization immediately upon demonstrated success with the Company’s next RF XL 2.0 project.

    Among other terms, the Agreement establishes a collaboration that:

    • Appoints Scovan as the exclusive distributor of RF XL in western Canada, once RF XL is commercialized;
    • Provides Scovan as the preferred surface facility engineering and construction partner for RF XL 2.0.
    • Is expected to expedite partnerships and sales both before and after successful commercialization of RF XL 2.0.
    • Uses Scovan’s EPFC expertise to potentially reduce lead time from regulatory approval to cash flow by a year or more.

    Scovan has strong relationships with a large number of heavy oil and oil sands producers and has made bringing innovation to market as commercial solutions a strategic priority, allowing for a quick ramp up from demonstration to multi-well pilot, and then to commercialization and sales. Scovan is a recognized leader in oil sands and heavy oil EPFC.

    The Acceleware team continues to actively look to acquire additional production rights to heavy oil assets in western Canada where they will deploy an RF XL 2.0 demonstration as an enhanced oil recovery method. This initiative provides an opportunity to deploy RF XL in a well-suited reservoir and earn oil production revenues, while offering the potential for multi-well expansion.

    “This partnership is the first of several strategic steps to accelerate RF XL 2.0’s path to market,” said Geoff Clark, CEO of Acceleware. “With the federal government’s ‘One Canadian Economy’ Act placing a clear priority on decarbonized oil, the time to act is now. By engaging Scovan to fast-track commercialization, we aim to demonstrate both the economic viability and emissions-reduction potential of RF XL 2.0 – bringing this breakthrough technology to large-scale deployment within two years, not decades. We strongly believe that this Agreement adds significant value to Acceleware and to our shareholders by increasing our project delivery credibility, and providing strong backing that RF XL 2.0 can deliver for the industry.”

    Added Donovan Nielsen, President of Scovan, “This partnership supports Scovan’s vision of the ‘Facility of the Future’ – one that is more sustainable, more efficient, smaller in footprint, faster to deliver, and more cost-effective. Innovation and calculated risk-taking are essential to unlocking new approaches to oil development and Scovan’s collaboration with Acceleware reflects this mindset. While the technology is still proving its effectiveness in the field, we are excited by its potential and committed to supporting solutions that could reshape how in-situ oil sands extraction is done in the future.”

    About Acceleware:

    Acceleware is an advanced electromagnetic (EM) heating company with cutting-edge radio frequency (RF) power-to-heat solutions for large industrial applications. The Company’s technologies provide an opportunity to electrify and decarbonize industrial process heat applications while reducing costs.

    The Company is working to use its patented and field proven Clean Tech Inverter (CTI) to materially improve the efficiency of amine regeneration, and has partnered with a consortium of world-class potash partners seeking to decarbonize drying of potash ore and other critical minerals. Acceleware is actively developing other process heat applications and partnerships for RF heating.

    Acceleware’s RF XL is a patented low-cost, low-carbon RF thermal enhanced oil production technology for heavy oil that is materially different from any enhanced recovery technique used today.

    Acceleware is a public company listed on the TSXV under the trading symbol “AXE”.

    About Scovan:

    Scovan is a cutting-edge EPFC firm that provides innovative, sustainable services for energy sector projects. Our proven track record, unique approach and turnkey offerings allow us to provide end-to-end solutions, from piloting to full-scale commercial development. Combining past experience, present opportunities, and future vision, we create long-term value for clients. Scovan is your trusted partner, providing you with the confidence and certainty needed for successful developments – A New Energy.

    Cautionary Statements

    This news release contains forward-looking statements and/or forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “will”, “anticipates”, “believes”, “intends”, “expects” and similar expressions, as they relate to Acceleware, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of Acceleware with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause Acceleware’s actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. Certain information and statements contained in this news release constitute forward-looking statements, which reflects Acceleware’s current expectations regarding future events, including, but not limited to: the future benefits arising from the Agreement; the Company’s ability to successfully complete commercialization of RF XL 2.0; the potential acquisition by the Company of certain assets, deployment of RF XL 2.0; the initiatives to be implemented by Management to shift the Company’s focus from research and development to cash flow generation; the timing to complete certain milestones in the Agreement; and the impact of the Agreement on Acceleware’s business and shareholder value.

    Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the availability of potential heavy oil production rights in western Canada, the availability of investment capital and other funding, the high degree of uncertainties inherent to feasibility and economic studies which are based to a significant extent on various assumptions; variations in commodity prices and exchange rate fluctuations; variations in cost of supplies and labour; lack of availability of qualified personnel; receipt of necessary approvals; availability of financing for technology and project development; uncertainties and risks with respect to developing and adopting new technologies; general business, economic, competitive, political and social uncertainties; change in demand for technologies to be offered by the Company; obtaining required approvals of regulatory authorities and/or shareholders, as applicable; ability to access sufficient capital from internal and external sources. For a more fulsome list of risk factors please see the Company’s December 31, 2024, year-end Management Discussion and Analysis (“MD&A”) available on SEDAR+ at www.sedarplus.ca.

    Management of the Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release to provide shareholders with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes. The Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

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

    This press release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. 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 within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    For more information:
    Geoff Clark
    Tel: +1 (403) 249-9099
    geoff.clark@acceleware.com

    The MIL Network –

  • MIL-OSI: Red Earth Casino Chooses QCI Chatalytics to Enhance Casino Operations with Integrated AI Solutions

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, June 23, 2025 (GLOBE NEWSWIRE) — Red Earth Casino has chosen Quick Custom Intelligence’s (QCI) Chatalytics platform to revolutionize its casino operations and elevate guest engagement. This AI-powered suite—which includes Slot Copilot, Player Copilot, the Dashboard, and the Robot Button—leverages OpenAI technology to deliver real-time intelligence and streamline decision-making across the gaming floor.

    Built to enhance both slot performance and player service, QCI Chatalytics offers a powerful blend of automation and data analytics. Slot Copilot enables real-time slot machine monitoring, predictive performance analytics, and intelligent task assignment. Player Copilot uses behavioral insights to support personalized guest engagement strategies and optimize rewards. The Dashboard provides an intuitive, real-time view of key operational metrics, while the Robot Button automates routine actions—freeing up staff to focus on high-impact guest interactions.

    “At Red Earth Casino, we are committed to the strategic adoption of AI across our operations,” said Larry Resick, Marketing Manager for Red Earth Casino. “Our collaboration with QCI Chatalytics is one example of how we’re embracing advanced AI platforms. By integrating this technology alongside several other AI-driven solutions, we’re building a forward-thinking environment that supports smarter decision-making.”

    Andrew Cardno, CTO of QCI, shared his enthusiasm for the collaboration: “We’re proud to bring Chatalytics to Red Earth Casino. By integrating OpenAI’s advanced models into our platform, we’re empowering casino operators with instant insights, intelligent automation, and unprecedented visibility into floor operations. This partnership marks a new era of AI-driven excellence in gaming.”

    The QCI Chatalytics suite is part of QCI’s commitment to delivering transformative, AI-enabled solutions that drive operational impact and improve the player experience throughout the gaming industry.

    ABOUT Red Earth Casino
    Red Earth Casino, located between Indio and Brawley on Highway 86, is known as the friendliest & cleanest casino in the valley. With over 400 slots, we’ve got everything to make Red Earth Casino a gamers’ Jackpot paradise. www.redearthcasino.com

    ABOUT QCI
    Quick Custom Intelligence (QCI) has pioneered the revolutionary QCI Enterprise 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 Europe. 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, Dallas, and Tulsa. Main phone number: (858) 299.5715. Visit us at 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 Canada: Seizure of contraband and unauthorized items at Drummond Institution

    Source: Government of Canada News (2)

    June 23, 2025 – Drummondville, Quebec – Correctional Service Canada

    On June 14, 2025, as a result of the vigilance of staff members, a package containing contraband and unauthorized items was seized at Drummond Institution, a medium security federal institution.

    The contraband and unauthorized items seized included methamphetamine, hashish, marijuana, cannabis concentrate, tobacco and cell phones. The total estimated institutional value of these seizures is $151,250.

    The Correctional Service of Canada (CSC) uses a number of tools to prevent drugs from entering its institutions. These tools include ion scanners and drug-detector dogs to search buildings, personal property, inmates, and visitors.

    The CSC is heightening measures to prevent contraband from entering its institutions in order to help ensure a safe and secure environment for everyone. CSC also works in partnership with the police to take action against those who attempt to introduce contraband into correctional institutions.

    CSC has also set up a telephone tip line for all federal institutions so that it may receive additional information about activities relating to security at CSC institutions. These activities may be related to drug use or trafficking that may threaten the safety and security of visitors, inmates, and staff members working at CSC institutions.

    The toll-free number, 1‑866‑780‑3784, helps ensure that the information shared is protected and that callers remain anonymous.

    Associated links

    Taking action against illegal drone activity

    Institutional security

    CSC’s Detector Dog Program

    -30-

    MIL OSI Canada News –

  • MIL-OSI Canada: Minister Anand will hold a virtual call back from the 2025 NATO and Canada-EU Summits

    Source: Government of Canada News

    June 24, 2025 – The Honourable Anita Anand, Minister of Foreign Affairs, will hold a virtual press conference while she is in Europe for the Canada-European Union (EU) Summit and the North Atlantic Treaty Organization (NATO) Summit.

    Media Availability
    Date    : June 24, 2025
    Time: 8:30 a.m. ET (2:30 CEST)

    Notes

    This event is for accredited members of the Press Gallery only. Media who are not members of the Press Gallery may contact pressres2@parl.gc.ca for temporary access.

    MIL OSI Canada News –

  • MIL-OSI Global: Canadian community foundations rally to support local news, calling it essential to democracy

    Source: The Conversation – Canada – By Magda Konieczna, Associate Professor of Journalism, Concordia University

    A couple of weeks ago, a neighbour mentioned our son’s school might be moving. I couldn’t find anything about this online.

    But I did find plenty of news from down south. While the erosion of democracy in the United States is something to pay attention to, some news outlets appear to be capitalizing on its sensational aspects.

    When Donald Trump and Elon Musk get into an online fistfight, local news can seem like the less glamorous cousin.

    But there’s really not much we can do about American democracy.

    A poster on a lamp post that says ‘Good News is Coming.’
    Jon Tyson/Unsplash, CC BY

    Still, U.S. media reports have contributed to news burnout. Many Canadians are tuning out from their regular news sources. Forty per cent of Canadians responding to a survey from the 2025 Reuters Digital News Report said they were sometimes or often avoiding the news, as compared to 28 per cent eight years earlier.

    Hearing about problems we can’t do much about is disempowering, according to a study on solutions journalism. Researchers found that readers who were treated as active civic participants rather than passive consumers felt more empowered.

    The news about my kid’s school is something that profoundly impacts my family. And I can do something about it, at least in theory. I can attend public meetings and organize my neighbours to take a stand, in hopes of affecting the outcome of the discussions.

    Local news can help me do that. It’s the very stuff that can help rebuild frayed community ties and mis- and disinformation. Without access to quality local news, malicious entities can more easily step into communities with misinformation designed to sway or mislead.

    Voter turnout is higher in places with more newspapers. Local journalists act as news brokers, ensuring the flow of information, which is essential to fulfilling the information needs of communities. We know that when less local news is present, communities become more polarized, and that polarization leads to increased sharing of misinformation.

    But local news is increasingly in trouble. Local news outlets are closing — 566 across Canada, to be precise, between 2008 and April 2025. That’s compared to the 283 that opened and remain in operation in that same period, according to the Local News Research Project.

    Rallying to support local news

    My recent report for The Canadian Philanthropy Partnership Research Network, “In Defense of the Local: How Community Foundations Across Canada are Supporting Local News” describes an increasingly popular way to support these local news outlets.

    Through case studies, I documented — along with my research assistant, Jessica Botelho-Urbanski, and supported by our research team at OCADU — the early signs of a growing movement of Canadian community foundations supporting local journalism.

    Community foundations across Canada are becoming ever more aware that many of the issues they care about, like building just and sustainable communities, are connected to the availability of local journalism.

    And some communities are starting to fund their local news outlets.

    For example, the Toronto Foundation made a rare, 10-year commitment to support The Local, a non-profit news outlet founded in 2019 that describes itself as “unabashedly Toronto, reporting from corners of the city that are too often ignored or misunderstood.”

    Screenshot of a story on ‘Moss Park’ from the digital news outlet The Local.
    The Local

    Sharon Avery, Toronto Foundation’s president and CEO, says the organization hadn’t spent much time prioritizing journalism because “the dots have not been connected …that a healthy local journalism equals a healthy community.” But she grew convinced of the essential links between local news and democracy, and realized local news is a powerful tool.

    The Winnipeg Foundation has been interested in local news for a while. Most recently, it funded the salary for one reporter, shared between Winnipeg’s The Free Press, a major local newspaper, and The Narwhal, an environmentally focused digital news startup that had been looking to expand its coverage in the Prairies.

    This kind of collaboration can improve the quality of work produced while also increasing the attention garnered by the resulting journalism in a way that is truly a win-win for all partners.

    How to support local journalism

    All of this is happening alongside government support, delivered through solutions like the Local Journalism Initiative, which funds journalists to report on under-covered topics, and the Canadian Journalism Labour Tax Credit, which covers a portion of salaries of eligible journalists.

    Our report also includes recommendations on how place-based foundations can turn these initiatives into a movement to support local journalism. Community foundations could start by getting to know their local news ecosystems. What news organizations exist? What audiences do they serve?

    They should also consider policies to direct some of their ad spending to local media, following the lead of the provincial government in Ontario, which has its four largest agencies allocate at least one-quarter of their annual advertising budgets to Ontario publishers.

    Perhaps the most powerful — and most challenging — of our recommendations includes working with other local players to set up a community news fund.

    This would enable funders to pay into a pool allocated to local news. This approach has generated millions for local news ecosystems in the U.S., Europe and South America.

    Community foundations have the power to promote journalistic collaboration, which can help to combat mis- and disinformation.

    To improve the quality of life and information for Canadians from coast to coast to coast, supporting local journalism is a must.

    The contribution of the research assistant on the report described here was funded by a SSHRC grant obtained by the Canadian philanthropy partnership research network (PhiLab). The work was also supported by the Cultural Policy Hub at OCADU.

    – ref. Canadian community foundations rally to support local news, calling it essential to democracy – https://theconversation.com/canadian-community-foundations-rally-to-support-local-news-calling-it-essential-to-democracy-257873

    MIL OSI – Global Reports –

  • MIL-OSI: Ninepoint Partners Announces June 2025 Cash Distributions for ETF Series Securities

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the June 2025 cash distributions for its ETF Series securities. The record date for the distributions is June 30, 2025. All distributions are payable on July 8, 2025.

    The per-unit June 2025 distributions are detailed below:


    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com 

    The MIL Network –

  • MIL-OSI: Ninepoint Partners Announces Estimated June 2025 Cash Distributions for Ninepoint Cash Management Fund – ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the estimated June 2025 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the “Fund”). Ninepoint Partners expects to issue a press release on or about June 27, 2025, which will provide the final distribution rate. The record date for the cash distribution is June 30, 2025, payable on July 8, 2025.

    All estimates in this document are based on the accounting data as of June 20, 2025. Due to subscriptions and/or redemptions and/or other factors, the final June 2025 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice.

    The actual taxable amounts of distributions for 2025, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2026. Securityholders can contact their brokerage firm for this information.

    The per-unit estimated June 2025 distribution is detailed below:

    Ninepoint ETF Series Ticker Cash Distribution per
    unit    		 Notional Distribution
    per unit    		 CUSIP
    Ninepoint Cash
    Management Fund    		 NSAV $0.12556 $0.00000 65443X105


    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    The MIL Network –

  • MIL-OSI Canada: SGI Delivers Steady Fiscal Management in 2024-25

    Source: Government of Canada regional news

    Released on June 23, 2025

    SGI has released its 2024-25 Annual Reports, detailing a year marked by resilience, innovation, strategic investments, and a continued commitment to community safety and customer service.  

    “In 2024-25, SGI faced economic pressures, caused by rising claim costs, inflation, higher vehicle repair costs and extreme weather,” Minister Responsible for SGI Jeremy Harrison said. “Despite this, SGI’s strategic investment approach delivered affordable auto insurance rates and an $18.0 million dividend to support our government’s investments in services and infrastructure that benefit Saskatchewan families, communities and businesses.” 

    Saskatchewan Auto Fund*  

    Despite challenges, the Auto Fund maintained its commitment to affordability, customer service and traffic safety.   

    Auto Fund highlights for 2024-25 include: 

    • $1.170 billion in total net claims incurred.
    • $1.127 billion in gross premium written.
    • $181.1 million in discounts to customers through the Safe Driver Recognition (SDR) and Business Recognition programs.
    • $257.7 million in investment earnings.
    • The Auto Fund continued to provide customers among the lowest auto insurance rates, on average, in Canada.
    • The Provincial Traffic Safety Fund grant program awarded $2.9 million in grants to 137 Saskatchewan community projects for road safety improvements. 
    • $726.9 million in the Rate Stabilization Reserve, after a reduction of $198.0 million.

    *The Saskatchewan Auto Fund is the self-sustaining, compulsory auto insurance plan administered by SGI on behalf of the province. The Auto Fund operates on a break-even basis over time. 

    SGI CANADA**

    SGI CANADA reported solid financial performance, achieving net income of $43.2 million. This allowed the company to return a dividend of $18.0 million to the people of Saskatchewan. 

    Other SGI CANADA highlights in 2024-25: 

    • $1.425 billion in gross premium written.
    • Premium growth of 3.8 per cent (all provinces).
    • $132.9 million in investment earnings.
    • $97.3 million in net catastrophe claim losses.  
    • A multi-year, $2.0 million commitment to YWCA Regina to help fund the healing lodge at the new kikaskihtânaw Centre for Women and Families. 

    **SGI CANADA is the competitive side of SGI, offering property and casualty insurance in Saskatchewan, Alberta, Manitoba, Ontario and British Columbia. SGI CANADA sells products through a network of close to 300 brokers who operate in more than 1,800 locations. 

    To see SGI’s full annual reports, visit: 

    Auto Fund: sgi.sk.ca/news-title=2024-25-financial-statements.

    SGI CANADA: sgicanada.ca/news-title=2024-25-financial-statements.

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    For more information, contact:

    Heather Hubic
    SGI
    Regina
    Phone: 306-751-1837
    Email: mediainquiries@sgi.sk.ca
    Cell: 306-510-0404

    MIL OSI Canada News –

  • MIL-OSI Canada: Lotteries and Gaming Saskatchewan Delivers Record Payments and Dividends

    Source: Government of Canada regional news

    Released on June 23, 2025

    Lotteries and Gaming Saskatchewan’s (LGS’s) 2024-25 Annual Report, released today, shows net income before payments to the province’s General Revenue Fund (GRF) of $358.5 million on revenue of $742.6 million. Payments to the GRF were $135.0 million, resulting in net income after payments to the GRF of $223.5 million.

    The report, covering LGS’s first full year of operations, also shows dividends to LGS’s shareholder, Crown Investments Corporation (CIC), of $190.0 million, which is the largest annual dividend declared by any commercial Crown corporation in CIC’s history.

    LGS delivered this success on behalf of the people and businesses of Saskatchewan in partnership with its four gaming operators – SaskGaming, the Saskatchewan Indian Gaming Authority (SIGA), Western Canada Lottery Corporation (WCLC), and Sask Sport.

    “The record payments provided by Lotteries and Gaming Saskatchewan in 2024-25 delivered a better quality of life for Saskatchewan families,” Minister Responsible for LGS Jeremy Harrison said. “More than 12,000 sport, culture and recreation groups benefited from $71.9 million in payments and $7.8 million in charitable gaming grants supported over 2,700 non-profit and charitable organizations throughout our province. Historic dividends also enabled our government to make important investments in priority areas including affordability, health care, education and community safety.”

    “These stellar results were driven by increased guest spending in land-based casinos, online gaming, and VLTs resulting from strong economic conditions in the province,” LGS President and CEO Susan Flett said. “LGS also delivered for local businesses across the province this fiscal year with commissions totalling $61.1 million earned by VLT site contractors and lottery retailers.”

    In 2024-25, proceeds from gaming in Saskatchewan were delivered as follows:

    • $190.0 million in total dividends declared by LGS to be paid to CIC (much of this flows to the GRF to help fund government priorities).
    • $81.2 million to the First Nations Trust which distributes proceeds to Saskatchewan First Nations for a range of purposes that benefit communities.
    • $71.9 million to Sask Sport, SaskCulture, and the Saskatchewan Parks and Recreation Association to help support more than 12,000 sport, culture and recreation groups in communities across Saskatchewan.
    • $47.4 million in commissions earned by more than 560 VLT site contractors across the province.
    • $32.7 million to Community Development Corporations which distribute a portion of profits generated by casinos to First Nation and non-First Nation organizations in the communities in which SIGA casinos are located.
    • $13.7 million in commissions earned by about 1,000 lottery retailers across the province.
    • $11.1 million in community sponsorships and exhibition association payments from Saskatchewan’s two land-based casino operators SIGA and SaskGaming.
    • $7.8 million in charitable gaming grants paid by LGS to nonprofit and charitable organizations across the province.
    • $7.2 million to the Community Initiatives Fund which offers financial support to Saskatchewan community projects.
    • $6.7 million from the lottery licensing fee (paid by Sask Sport to LGS) to the GRF to help fund government priorities.
    • $4.2 million to the Clarence Campeau Development Fund which helps support Métis businesses, entrepreneurs and communities.
    • $3.0 million to the First Nations Addictions Rehabilitation Foundation.

    LGS was established in 2023 as the provider of conduct and management for casinos, VLTs, lotteries and online gaming in Saskatchewan, including oversight of PlayNow, the province’s only legal online gaming platform.

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    For more information, contact:

    MIL OSI Canada News –