NewzIntel.com

Category: CTF

  • MIL-OSI Security: National Missing Children’s Day 2025

    Source: US FBI

    How the FBI supports missing children cases 

    The FBI’s Child Abduction Rapid Deployment (CARD) teams are composed of experienced personnel with a proven track record in crimes against children investigations, especially cases where a child has been abducted by someone other than a family member. 

    CARD team members provide on-the-ground investigative, technical, and resource assistance to state and local law enforcement. The teams work closely with representatives from the FBI’s Behavioral Analysis Unit (BAU), National Center for the Analysis of Violent Crime coordinators, and child exploitation task force members.

    The FBI’s Child Victim Services program within the Victim Services Division provides support to child victims, the families of child victims, and witnesses of federal crimes. The team is focused on ensuring that any interactions with child victims or witnesses are tailored to the child’s stage of development and minimize any additional trauma to the child. In addition, they connect children and families to other resources to support their health and well-being through difficult times.

    Learn more

    MIL Security OSI –

  • MIL-OSI Economics: Ida Wolden Bache: Norges Bank’s management of the Government Pension Fund Global

    Source: Bank for International Settlements

    Thank you for the opportunity to talk about Norges Bank’s management of the Government Pension Fund Global (GPFG).

    The investment objective of the GPFG is to achieve the highest possible return at an acceptable level of risk. In 2024, returns were high but lower than the return on the benchmark index against which our performance is measured. The Executive Board emphasises the importance of assessing the performance of the GPFG over long periods and is satisfied that the return over time has been higher than the return on the benchmark index.

    We are in a period of global transition. The framework for global trade and cooperation is in play, and the security policy landscape is changing. This has resulted in substantial volatility in the return on the GPFG’s investments so far in 2025.

    I have three key messages today:

    First, the experience from previous periods of turbulence, as well as the strengthening of Norges Bank’s work on geopolitical risk in recent years, makes the management of the GPFG better equipped to face the current uncertainty.

    Second, the GPFG has a financial objective. Active ownership is about managing risk and creating economic value over time.

    Third, the energy transition provides investment opportunities. We continue to build a portfolio of renewable energy infrastructure assets and have increased the number of such investments over the past year.

    Let me begin with the ability to face new uncertainty.

    The Ministry of Finance determines the investment strategy and the benchmark index, and significant strategic decisions are endorsed by the Storting (Norwegian parliament). The equity allocation is 70 percent, and risk is reduced by broad diversification, across regions, sectors and individual companies. The return of the GPFG tracks the benchmark index closely.

    Equity investments have been important for the GPFG’s performance. At the end of 2024, the cumulative return on the GPFG amounted to over NOK 11 000 billion since inception, of which equity investments accounted for almost NOK 10 000 billion. In order to achieve this return, we have had to withstand several periods of substantial falls in value.

    The repricing of technology stocks after 2000, the financial crisis and the outbreak of the pandemic come to mind. Crises do not repeat themselves. Each crisis is unique and difficult to foresee. Nevertheless, being able to follow the GPFG’s investment strategy through periods of turbulence is a strength.

    The Executive Board is responsible for ensuring that Norges Bank Investment Management (NBIM) has the systems, resources and expertise needed to monitor, assess and manage the risk resulting from geopolitical conditions.

    In recent years, NBIM’s management of this risk has been strengthened. The scenario analysis and stress testing are part of this. NBIM has built up more expertise and improved internal coordination. The Bank also participates in meetings of the Contact Forum established by the Ministry of Finance for the exchange of information on international matters. All of this enhances contingency preparedness, but contingency planning entails continuous work.

    Let me now turn to active ownership. As owner, we have expectations towards the boards of directors of the GPFG’s investee companies. The expectations are described in expectation documents that cover different environmental, social and governance issues. The expectations are principles-based and are publicly available.

    Active ownership is about risk management and creating long-term economic value. Climate risk is one example of this. In our opinion, companies that address risks associated with climate change will perform better over time. As a long-term owner of almost all listed companies, it is in the GPFG’s own-interest to have an orderly energy transition.

    The energy transition also creates investment opportunities. The mandate provides for investing some of the GPFG in unlisted renewable energy infrastructure. These are active investment decisions that are subject to the same requirements for risk and return as the GPFG’s other investments.

    In 2024 and so far in 2025, the Bank has made more investments in unlisted renewable energy infrastructure than previously. The new investments include solar and onshore wind projects in Portugal and Spain and offshore wind projects in the UK, Denmark and Germany. The Bank has also invested in a fund that includes early-stage renewable projects. This fund will invest in different types of technology and across various regions.

    The Executive Board has established a framework for unlisted investments that emphasises that also this part of the GPFG’s management must be cost-efficient and responsible.  High transparency and reporting standards are required.

    Let me conclude. Norges Bank’s management of the GPFG is based on a clear mandate and a framework that has proven robust over time. If we consider that adjustments to the mandate are needed, we are conscious of our responsibility as adviser to the Ministry of Finance.

    We welcome the Ministry’s appointment of an external expert group that will review the GPFG’s investment strategy. Such reviews further develop the management of the GPFG, and we will of course make ourselves available to the group if they so wish.

    With that, I will pass you to Nicolai Tangen.

    MIL OSI Economics –

  • MIL-OSI Economics: Power in Unity: How Worker Representatives Are Driving Change at Samsung’s Chennai Factory

    Source: Samsung

    (from L-R) Vadivelan, Senthil Kumar, Prakash, Sathish A, Chitra K, Ravichandran, and Suresh P
     
    At Samsung’s Chennai factory, leadership isn’t confined to titles or offices—it lives on the shop floor. It’s reflected in everyday actions by members of the Samsung Employee Welfare Federation (SEWF), who are quietly powering meaningful change through dialogue, support, and teamwork.
     
    Sathish A, Suresh P, Chitra K, Prakash, Vadivelan, Senthil Kumar, Ravichandran, and S Karmegam form the core of SEWF. Their behind-the-scenes efforts have been instrumental in bridging communication between workers and management, especially during periods of operational change.
     
    Through consistent engagement and honest feedback, these representatives played a key role in driving recent wage increases—an outcome that reflects not just performance, but a shared commitment to fairness and collaboration.
     
    “Being on the committee changed my perspective,” shared Senthil Kumar. “It’s not just about raising concerns—it’s about solving problems together. That mindset has strengthened our whole team.”
     
    On the floor, they defuse tensions, amplify quieter voices, and ensure no one is left unheard. Their steady presence builds trust, boosts morale, and helps create a workplace where people feel valued.
     
    “We may not make speeches, but we show up for each other,” said Vadivelan. “When things improve for everyone, it feels like a collective win.”
     
    For Chitra K, the youngest member, it’s about helping others grow. “When someone who’s always been silent finally shares an idea—you know they feel safe. That’s when change starts.”
     
    SEWF is more than a committee—it’s a catalyst for a positive, people-first culture. Its members are trained to listen, mediate, and ensure communication flows across the factory floor.
     
    “Sometimes, people just need to know they’re not alone,” said Ravichandran. “I try to be that person.”
     
    As Samsung continues to foster a culture of care and collaboration, the work of these quiet leaders reminds us that true leadership doesn’t always stand in the spotlight. More often, it stands right beside you—listening, guiding, and lifting others forward.

    MIL OSI Economics –

  • MIL-OSI Security: Defense News: TRIDENT Training Center Opens – NCDOC Hosts Ribbon Cutting Ceremony

    Source: United States Navy

    Chesapeake, Va. – Navy Cyber Defense Operations Command (NCDOC) held a ribbon cutting ceremony on May 9, supported by Naval Information Forces (NAVIFOR) and Naval Network Warfare Command (NNWC) leaders to officially open TRIDENT – Technical Readiness in Defensive Cyber Operations {DCO} Education and Network Training – Center for NCDOC and NNWC personnel.

    MIL Security OSI –

  • MIL-OSI Russia: Achievements of future lawyers: speech at the St. Petersburg International Legal Forum and gratitude from a State Duma deputy

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    Students of the Institute of Public Administration and Law of the State University of Management have developed legislative initiatives that have received high praise from industry experts.

    Thus, a 4th-year student majoring in Jurisprudence, Karina Meshcheryakova, presented the draft law “Law: Lessons of the Past for the World of the Future” at the XII St. Petersburg International Legal Forum as part of the Youth International Legal Forum “Justice of the Future”.

    Earlier, the girl, as part of the State University of Education “AzBukiVedi” team, became the winner of the Eighth Federal Scientific and Educational Competition among young lawyers “Leaders of Law”.

    The award ceremony for the winners of the All-Russian competition for the best legislative initiative to improve judicial and extra-judicial forms of dispute resolution, organized by the Association of Lawyers of Russia, took place in Moscow.

    Fourth-year students of ISUIP majoring in Jurisprudence, Karina Meshcheryakova and Daria Shaporova, took second place in the competition and were awarded Letters of Gratitude from the Association of Lawyers of Russia and State Duma Deputy Biysultan Khamzaev.

    We congratulate our students and wish them new victories.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Security: Federal Charge Filed Against Convicted Felon for Illegal Firearm Possession in Shiprock

    Source: US FBI

    ALBUQUERQUE – A previously convicted felon, already under investigation for multiple crimes, has been federally charged after being found with a stolen firearm in Shiprock.

    According to court documents, on the morning of May 15, 2025, the Navajo Nation Police Department received reports of a male firing a gun near a Marathon gas station on U.S. Highway 64 in Shiprock. Responding officers located and detained Jay Kelly, 39, an enrolled member of the Navajo Nation. Officers discovered a stolen revolver and approximately 100 rounds of ammunition inside Kelly’s backpack.

    Witnesses confirmed Kelly fired the handgun multiple times in the air, but did not report anyone being threatened or injured. A background check revealed Kelly to be a convicted felon, making it illegal under federal law for him to possess firearms or ammunition. Kelly was implicated in two other criminal investigations earlier this year, including arson and illegal firearm possession.

    Kelly is charged with being a convicted felon in possession of a firearm and ammunition. He will remain in custody pending a detention hearing, which will occur next week. If convicted of this charge, Kelly faces up to 10 years in prison.

    U.S. Attorney Ryan Ellison and Philip Russell, Acting Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.

    The Farmington Resident Agency of the Federal Bureau of Investigation’s Albuquerque Field Office investigated this case with assistance from the Navajo Nation Police Department and Navajo Department of Criminal Investigations. Assistant U.S. Attorney Zachary C. Jones is prosecuting the case.

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

    MIL Security OSI –

  • MIL-OSI Global: IDF firing ‘warning shots’ near diplomats sets an unacceptable precedent in international relations

    Source: The Conversation – UK – By Andrew Forde, Assistant Professor – European Human Rights Law, Dublin City University

    A still from footage of the incident when ‘warning shots’ were fired above visiting diplomats in Jenin on May 21. X (Twitter)

    The Israel Defense Forces (IDF) appears to have “crossed the Rubicon” in the West Bank town of Jenin, when it opened fire in the vicinity of a group of visiting diplomats on May 21 – in flagrant violation of international law. The group of diplomats representing 31 countries – including Ireland, UK, France, Germany, Italy, Egypt, Russia and China – were on an official mission organised by the Palestinian Authority to observe the humanitarian situation there.

    They were giving media interviews when IDF troops fired what they later referred to as “warning shots” over their heads, forcing them to run for cover. The shots came despite the visit having been flagged and coordinated in advance with both the Palestinian Authority and the IDF, which has effective control over the area.

    Jenin has long been a flash point in the Israeli-Palestinian conflict. With much of the population descendants of Palestinian refugees from the 1948 war, Israeli occupation and active Palestinian resistance are observable in the town.

    The international community’s reaction to the warning shots incident – in particular, by those states whose diplomatic officials were directly involved – was one of swift and widespread outrage. The high representative of the European Union for foreign affairs and security policy, Kaja Kallas, called for a full investigation into the incident, and for those responsible to be held accountable. “Any threats on diplomats’ lives are not acceptable,” she said.

    The Palestinian foreign ministry accused Israel of having “deliberately targeted with live fire an accredited diplomatic delegation”.

    Israel acknowledged the incident and triggered an initial investigation, but downplayed its significance. A spokesman for the IDF said it “regrets the inconvenience caused” by the incident. But its statement went on to effectively justify the action, arguing that the diplomats had “deviated from the approved route” by entering a restricted area – leading to IDF soldiers firing warning shots into the air.

    Such a response doesn’t remotely correspond to the seriousness of the situation, and Israel is perfectly aware of this.

    International law and diplomats

    Diplomats carry out functions on behalf of the country they represent. They are the eyes, ears and voice of their country, called upon to pursue legitimate diplomatic activities. The protections afforded to individual diplomats must therefore be seen in the context of broader and longer-term diplomatic relations between states.

    To carry out diplomatic functions effectively, those individuals must be allowed to perform their functions without hindrance, coercion or harassment from any country that hosts their delegations. These customary rules are thousands of years old, and have been codified in international law through the Vienna convention on diplomatic relations – to which Israel is a signatory.

    That convention provides for diplomatic inviolability, immunity from criminal, civil and administrative jurisdiction, and freedom from detention or arrest. It also affords diplomatic staff the right to freedom of movement and free communications.

    Most importantly for this case, article 29 of the convention states that the host state “shall take all appropriate steps to prevent any attack on [their] person, freedom or dignity”.

    Firing warning shots in the vicinity of diplomats, even if done in error or without ill-intent, represents a serious threat to the person and their dignity. As such, it constitutes a flagrant abdication of Israel’s duty to protect them.

    Moreover, the firing of warning shots in Jenin immediately interrupted the diplomatic work there, and as such can be seen as an attempt to intimidate or limit the efficient and effective performance of diplomatic functions on behalf of their governments.

    Need for accountability

    Any use of force against diplomats, even indirect, is incompatible with the principles of diplomatic immunity enshrined in international law. The onus is on the host state to ensure the safety and inviolability of diplomatic personnel.

    And this duty of care is not diminished in situations of conflict. On the contrary, states have a special duty in times of conflict to protect diplomats and preserve diplomatic channels of communication.

    Israel’s actions in firing above these diplomats may or may not have been deliberate. But they had an intimidatory effect, which undermines the foundational principles of international relations. In a climate where Israel’s courts have effectively endorsed a media blackout in conflict-affected regions, the role of diplomats is indispensable.

    The entire system of diplomatic relations relies on the presumption that diplomats can carry out their functions freely and effectively. Diplomatic protections work effectively when they are reciprocal. Without trust, the system quickly unravels.

    It would be wrong to suggest this act may have tipped the balance of international opinion against Israel, when you consider the 19 months of violence in Gaza. The killing by the IDF of vast numbers of civilians (including thousands of women and children), the seeming use of starvation as a weapon of war, and the destruction of vast swaths of Gaza have rightly attracted growing international condemnation.

    On May 19, Britain, France and Canada – staunch allies of Israel – said they will “not stand by”, and would take “concrete actions” if the military offensive is not halted and humanitarian aid is not delivered to the people of Gaza.

    But threatening diplomats – even if not actively shooting at them – is an egregious breach of trust under the laws of diplomatic relations, which requires a meaningful apology and effective investigation. Those responsible for giving the orders to fire the “warning shots” need to be held accountable for that decision.

    Andrew Forde is affiliated with Dublin City University (Assistant Professor, European Human Rights Law).

    He is also, separately, affiliated with the Irish Human Rights and Equality Commission (Commissioner).

    – ref. IDF firing ‘warning shots’ near diplomats sets an unacceptable precedent in international relations – https://theconversation.com/idf-firing-warning-shots-near-diplomats-sets-an-unacceptable-precedent-in-international-relations-257488

    MIL OSI – Global Reports –

  • MIL-OSI Global: Trump v Harvard: why this battle will damage the US’s reputation globally

    Source: The Conversation – UK – By Thomas Gift, Associate Professor and Director of the Centre on US Politics, UCL

    Harvard University is suing the Trump administration over its unprecedented attempt to bar international students from its campus. The latest salvo is that the administration has said it is cancelling all federal funds, totalling US$100 million (£73.8 million). Although a federal judge has temporarily blocked the order to ban foreign students, many observers are rightly expressing deep concern about the global ramifications of the battle for the reputation of the US.

    The story hits home for me. Every year for the last decade, I’ve taught a course on globalisation in the Harvard summer school. Although 27% of Harvard’s student body is international, my course – due to its topical focus – draws a disproportionate number of international students, many from emerging economies.

    As I know firsthand, these students contribute enormously to the classroom experience. Their insights, shaped by distinct national contexts, enliven discussion and further understanding for everyone — international and domestic students alike. Without them, the classroom isn’t just quieter; it’s poorer in perspective.

    Yet my concern with Trump’s latest attempt to put a political target on Harvard’s back extends beyond international students. For centuries Harvard and countless other leading US institutions of higher learning have welcomed international students to their campuses. This isn’t purely a selfless act. These students are a boon to the US at home and abroad. Here’s why.

    1. Spreading democracy

    Universities aren’t just a key economic driver for the United States. They’re also a reflection of its democratic values. Students who attend Harvard and similar universities, especially those from outside advanced, Organisation for Economic Co-operation and Development (OECD) democracies, often return to their native countries after they’ve received their diplomas, poised to make a difference in national politics.

    My own research suggests this can help to promote democracy in autocratic parts of the world. Because of how they’re socialised both inside and outside the classroom, students who attend western universities and go on to become national leaders are more likely to embrace democratic values, and highly educated leaders also tend to increase economic growth.

    Personal connections that they’ve forged in the west also bind them into international networks that are pro-democracy.

    An attack on Harvard will also damage its soft power, say some.

    Consider one example: Ellen Johnson Sirleaf, the former president of Liberia, attended the Harvard Kennedy School, then went onto serve as head of her country from 2006 to 2018. As the first female elected head of state in Africa, Sirleaf proceeded to win the Nobel peace prize in 2011 for her “non-violent efforts to promote peace and her struggle for women’s rights”.

    2. Projecting soft power

    The best universities in the US are also a crucial component of what the late Harvard political scientist Joseph Nye called “soft power”. Soft power is about how western nations such as the US influence the world rather than via bullets and tanks. It’s an approach to foreign relations that projects US culture by winning “hearts and minds”.

    Harvard isn’t just one of the leading brands in US higher education, it’s one of the US’s leading brands. More generally, American universities dominate the international league tables, such as the QS World Rankings, where ten of the top 25 schools are US-based. That makes universities key ambassadors for the US.

    There’s a reason why Harvard attracts students from more than 140 countries. Its reputation for academic excellence, combined with its world-leading research in areas as diverse as curing neurogenerative diseases to improving economic mobility, make it a magnet for students angling to test their mettle against the best and brightest.

    3. Driving the US economy

    Many international graduates of top US universities go on to become entrepreneurs or to pursue careers in cutting-edge fields at companies such as Apple, Google and Meta, filling jobs for which there’s a shortage of talent in the US labour market.

    The upper echelons of the executive class in the US is also filled with leaders who were once international students in the US. Tesla CEO Elon Musk, who studied at the University of Pennsylvania, and Microsoft CEO Satya Nadella, who studied at the University of Chicago, are two prominent examples.

    According to a report from the National Foundation for American Policy, approximately 25% of US firms worth at least a billion dollars had a founder who enrolled at a US university as an international student.

    It’s also worth noting that international students are more likely to pay much higher tuition fees than US students. These dollars subsidise academic and student programming for domestic students, enabling places like Harvard to maintain the high standards which they’re renowned.

    Recent data from the Association of International Educators show that international students at US colleges and universities “contributed US$43.8 billion to the US economy during the 2023-2024 academic year and supported more than 378,000 jobs”.

    But, says the Economist’s US editor John Prideaux, this whole battle is really about power. “If you stand up to the Trump administration they will come after you.”

    Former Harvard president Larry Summers has said, that the ban on international students “would be devastating…, not just for the university but for the image of the United States in the world, where our universities in general, and Harvard in particular, have been a beacon”.

    The reputation of US universities around the world is especially vital today as Trump’s “America first” foreign policy signals a descent into belligerent isolationism. As the US retreats from the world and its president attacks multilateral institutions and shows a lack of respect for allies , this latest tussle with Harvard could erode the US’s international image even further.

    Thomas Gift teaches an annual course in the Harvard Summer School, and worked full-time at the Harvard Kennedy School in 2015-16.

    – ref. Trump v Harvard: why this battle will damage the US’s reputation globally – https://theconversation.com/trump-v-harvard-why-this-battle-will-damage-the-uss-reputation-globally-257512

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why Alberta’s push for independence pales in comparison to Scotland’s in 2014

    Source: The Conversation – Canada – By Piers Eaton, PhD Candidate in Political Science, L’Université d’Ottawa/University of Ottawa

    One day after the Liberal Party secured their fourth consecutive federal election victory, Alberta Premier Danielle Smith tabled legislation to change the signature threshold needed to put citizen-proposed constitutional questions on the ballot. She lowered it from the current 600,000 signatures to 177,000.

    Since the pro-independence Alberta Prosperity Project already claims to have 240,000 pledges in support of an Albertan sovereignty referendum, the change clears a path to a separation referendum.

    In 2014, Scottish voters went to the polls on a similar question to the one proposed by the Alberta Prosperity Project, but asking voters whether they wanted to regain their independence from Britain. Although the Scottish “Yes” campaign was defeated, it garnered 45 per cent of the vote, far exceeding what most thought was possible at the start of the campaign.

    The 2014 Scottish referendum injected a huge amount of enthusiasm into the Scottish separatist parties, with the largest, the Scottish National Party (SNP) — which led the fight for the Yes side — soaring from 20,000 members in 2013 to more than 100,000 months after the referendum.

    While the Yes campaign did not achieve its goals and the Scottish historical context is very different from Alberta’s, there are still important lessons about how people can be won over to the cause of independence. Albertan separatists don’t seem to be heading down the same path.

    Timeline

    Smith has suggested that if the necessary signatures were collected, that she would aim to hold a referendum in 2026. But the Alberta Prosperity Project’s Jeffrey Rath suggested the group would push Smith to allow a referendum before the end of 2025, giving the referendum a maximum of seven months of official campaigning.

    The broad ground rules of the Scottish referendum were established in the Edinburgh Agreement in October 2012. On March 2013, the SNP-led Scottish government announced the date of the independence referendum — Sept. 18, 2014. The long campaign period allowed a wide variety of grassroots campaign groups to organize in favour of independence.

    While Alberta separatism is less likely to be buoyed by artist collectives and Green Party activists like Scottish independence was, a longer independence campaign would allow a variety of members of Albertan society to make the case for independence.

    Dennis Modry, a co-leader of the Alberta Prosperity Project, recently told CBC News that the initial signature threshold of 600,000 was not all bad, as it would “get (us) closer to the referendum plurality as well.” That remark suggested Modry sees value having more time to campaign before a referendum is held.

    In this regard, he and Rath seem to be sounding different notes.

    Leadership

    Hints that the Alberta Prosperity Project is already divided raises broader questions of leadership. In 2014, the Scottish Yes side had a clear and undisputed leader — First Minister Alex Salmond, head of the SNP.

    The late Salmond led the SNP to back-to-back electoral victories in Scotland, including the only outright majority ever won in the history of the Scottish parliament in 2011.

    Salmond was able to speak in favour of independence in debates and to answer, with democratic legitimacy, specific questions about what the initial policy of an independent Scotland would be.

    The SNP government published a report, Scotland’s Future, that systematically sought to assuage skeptics. Its “frequently asked questions” (FAQ) section answered 650 potential questions about independence. The Alberta Prosperity Project, on the other hand, only answers 74 questions in its FAQ.

    Whereas Salmon’s rise to the leadership of the Scottish independence movement was done in full public view and according to party rules, the Alberta Prosperity Project’s leadership structure is far murkier.

    The organization claims there “is no prima facie leader of the APP, but there (is) a management team which is featured on the website https://albertaprosperityproject.com/about-us/.” Follow that link, however, and no names or management structures are listed.

    Clarity and democracy

    While independence always involves some unknowns, clear leadership can provide answers about where a newly independent nation might find stability. The Yes Scotland campaign promised independence within Europe, meaning Scotland would retain access to the European Union’s common market.

    By contrast, the Alberta Prosperity Project isn’t clear on the fundamental question of whether a sovereign Alberta should remain independent or attempt to join the United States as its 51st state.

    Despite the claim on its website that “the objective of the Alberta Prosperity Project is for Alberta to become a sovereign nation, not the 51st state of the USA,” the organization backed Rath’s recent trip to Washington, D.C. to gauge support for Albertan integration into the U.S.

    Rath has also said that becoming a U.S. territory is “probably the best way to go.”

    Rath in an interview with Rachel Parker, an Alberta-based independent journalist. (Rachel Parker’s YouTube channel)

    The 2014 referendum in Scotland was called a “festival of democracy”, and even anti-independence forces agreed the referendum had been good for democracy.

    It took time and leadership to put forward a positive case for independence, one that voters could decide upon with confidence.

    Alberta could learn from Scotland and strengthen its democracy by holding a referendum based on legitimate leadership, reasonable timelines, diverse voices and clear aims. Or it could lurch into a rushed campaign, with divided leaders of dubious legitimacy, arguing for unclear outcomes — and end up, no matter which side wins, weakening its democracy in the process.

    Piers Eaton 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. Why Alberta’s push for independence pales in comparison to Scotland’s in 2014 – https://theconversation.com/why-albertas-push-for-independence-pales-in-comparison-to-scotlands-in-2014-256838

    MIL OSI – Global Reports –

  • MIL-OSI Global: For opioid addiction, treatment underdosing can lead to fentanyl overdosing – a physician explains

    Source: The Conversation – USA – By Lucinda Grande, Clinical Associate Professor of Family Medicine, University of Washington

    Buprenorphine is most effective when doctors and patients find the right dose together. AP Photo/Ted S. Warren

    Imagine a patient named Rosa tells you she wakes up night after night in a drenching sweat after having very realistic dreams of smoking fentanyl.

    The dreams seem crazy to her. Three months ago, newly pregnant, Rosa began visualizing being a good parent. She realized it was finally time to give up her self-destructive use of street fentanyl. With tremendous effort, she started treatment with buprenorphine for her opioid use disorder.

    As hoped, she was intensely relieved to be free from the distressing withdrawal symptoms – restless legs, anxiety, bone pain, nausea and chills – and from the guilt, shame and hardship of living with addiction. But even so, Rosa found herself musing throughout the day about the rewarding rush of fentanyl, which seemed ever more appealing. And she couldn’t escape those dreams at night.

    Rosa asks you, her doctor, for a higher dose of buprenorphine. You consider her request carefully. Your clinic follows the Food and Drug Administration prescribing guideline that has changed very little in over 20 years. It recommends her current prescription – 16 milligrams – as the “target” dose. You are aware of the prevailing view among medical providers that most patients don’t need a dose higher than that. Many believe that patients or others would use the extra pills to get high.

    But after many visits, you feel that you know Rosa well. You believe in her sincerity. She is a responsible 25-year-old with a full-time job who never misses appointments. She now has stable housing with her parents after years of couch surfing. You reluctantly agree and raise her daily dose by one additional 8-milligram pill, totaling 24 milligrams.

    At her next visit, Rosa tells you that the higher dose solved her daytime fentanyl craving, but the nightmares have continued. She would like to try an even higher dose.

    How should you respond? The FDA guideline clearly states there is no evidence to support any benefit above her new dose. You begin to doubt Rosa’s sincerity and your own judgment.

    Harms of low doses

    This hypothetical scenario has played out countless times in the U.S. since 2002, when buprenorphine was first approved as a treatment for opioid use disorder. As a family physician specializing in addiction medicine, I have frequently encountered patients who still experience withdrawal symptoms at the “target dose” and even at the suggested maximum dose of 24 milligrams.

    People like Rosa, plagued by uncontrolled fentanyl craving – either awake or in dreams – are at high risk of leaving treatment and returning to addiction. Yet from 2019 to 2020, only 2% of buprenorphine prescriptions were written for over 24 milligrams.

    Withdrawal symptoms and cravings make staying in recovery difficult.
    iStock/Getty Images Plus

    I was able to help some of those people in my work as co-founder and medical director of a low-barrier clinic, which is a clinic that makes it easier for people to get started with buprenorphine. I asked our clinicians to offer a higher dose when they believed the current one wasn’t meeting the patient’s needs.

    The dose choice may be a life-or-death decision. Increasing it by one more pill – to 32 milligrams – often makes the difference between a patient staying in or leaving treatment. The risk of leaving treatment is particularly significant for the patients we typically see at low-barrier clinics, many of whom face severe life challenges. While patients do sometimes give away or sell extra pills, research consistently shows that illegally obtained pills are most commonly used for self-treatment – to control withdrawal and help quit opioids when treatment is unavailable.

    Medicaid in my state of Washington began paying for prescriptions up to 32 milligrams in 2019. But clinicians may still encounter constraints from other health insurers and at pharmacies. Some states, such as Tennessee, Kentucky and Ohio, have dose restrictions cemented in law.

    Finding the right dose

    The challenge of finding the right treatment dose became more acute for clinicians and patients as fentanyl swept across the country starting in 2013. Fentanyl now dominates the unregulated opioid supply. Fifty times stronger than heroin, fentanyl overwhelms the ability of low doses of buprenorphine to counter its effects.

    Buprenorphine – also known by the brand name Suboxone, which contains a mix of buprenorphine and naloxone – is an opioid medication with the quirk of both activating the brain’s opioid receptors and partially blocking them. It provides just enough opioid effects to prevent withdrawal symptoms and craving while also blocking the reward of euphoria. It relieves pain like other opioids but doesn’t cause breathing to stop. It can dramatically reduce the risk of overdose death by as much as 70%.

    In medicine, there is a general concern that too high a dose may have toxic effects. However, as many clinicians and researchers have observed, using too low a dose of some treatments can also lead to harm, including death from patients going back to fentanyl.

    After observing so many patients responding well to higher doses, my colleagues and I looked in the medical literature for more information. We discovered over a dozen reports as far back as 1999 providing evidence that buprenorphine’s benefits steadily increase up to at least 32 milligrams.

    At higher doses, patients stay on treatment longer, use illicit opioids less often, have fewer complications such as hepatitis C, have fewer emergency room visits and hospitalizations, and suffer less from chronic pain. Brain scans show that buprenorphine at 32 milligrams occupies more opioid receptors – over 90% of receptors in some brain regions – compared with lower doses. One study even showed that a high enough dose of buprenorphine can directly prevent fentanyl overdose.

    As illicit opioids become more potent, addiction becomes more deadly – and more urgent to treat.

    Patients with some health conditions may especially benefit from higher doses. During pregnancy, as in Rosa’s case, withdrawal symptoms can grow more intense because of metabolism changes that reduce the blood concentration of most medications. A higher dose may be needed to maintain the level of effects they had before pregnancy. Additionally, I found that the patients in my clinic with chronic pain, post-traumatic stress disorder or longtime opioid use were most likely to find relief at a dose above 24 milligrams.

    The American Society of Addiction Medicine recommends
    four goals of treatment: suppressing opioid withdrawal, blocking the effects of illicit opioids, stopping opioid cravings and reducing the use of illicit opioids, and promoting recovery-oriented activities.

    Similarly, patients seek a comfortable and effective dose – that is, one that avoids withdrawal symptoms and craving, and allows them to avoid illicit drug use and the associated worry and stress. Many patients also yearn to feel trusted, accepted and understood by their clinician. Achieving that goal requires shared decision-making.

    A clinician can never be sure a patient is meeting all the goals of treatment. But a patient who reports positive life changes – such as stable housing and improved relationships – and reports low or no craving while awake or dreaming will likely be satisfied with the current dose. For a patient who does not make progress with a dose increase to 32 milligrams, the clinician might consider a different treatment plan, such as a 30-day buprenorphine injection, which can provide an even higher dose, or transition to methadone, the other highly effective FDA-approved medication for opioid use disorder.

    The FDA guideline change

    In August 2022, a team of addiction physicians attempted to move the FDA to change dosing guidelines for buprenorphine. They submitted a petition asking for a modernized guideline that based dosing on how a patient responds to buprenorphine – including symptom relief and reduced illicit drug use – rather than a fixed “target” dose. They asked to remove language that incorrectly denied evidence that patients benefited from doses above 24 milligrams.

    The FDA listened. In December 2023, it convened a public meeting with leading addiction clinicians, researchers and policymakers to review the evidence on buprenorphine dosing. The group came to an overwhelming consensus that there was extensive research showing benefit at doses above 24 milligrams. Moreover, they doubted whether the guideline’s dosing conclusions, made before fentanyl infiltrated the drug supply, applied today.

    Treatment is most effective when patients feel their needs are understood.
    Spencer Platt/Getty Images

    Then, the FDA responded. In December 2024, it announced a new buprenorphine recommendation that would not mention a target dose and would not deny the existence of evidence of benefits above 24 milligrams. Only time will tell whether and when the FDA’s new guideline will meaningfully alter prescribing patterns, insurance and pharmacy restrictions, and state laws.

    To maintain the national trend toward lower overdose deaths, the best possible use of each effective treatment is critical. Yet the Trump administration’s proposed cuts to Medicaid – which covers nearly half of all buprenorphine prescriptions – put access seriously at risk. Most people with untreated addiction would be blocked from accessing treatment altogether, let alone at an effective dose or with the behavioral health, social work and recovery support services needed for the best outcomes. Research shows that a sharp reduction in buprenorphine prescriptions occurred following 2023 Medicaid coverage restrictions.

    Opioid use disorder is treatable. Buprenorphine works well and saves lives when given at the right dose. An inadequate dose can directly harm patients who are simply trying to survive and improve their lives.

    Lucinda Grande is a physician and partner at Pioneer Family Practice in Lacey, Washington.

    – ref. For opioid addiction, treatment underdosing can lead to fentanyl overdosing – a physician explains – https://theconversation.com/for-opioid-addiction-treatment-underdosing-can-lead-to-fentanyl-overdosing-a-physician-explains-250588

    MIL OSI – Global Reports –

  • Paraguay’s President Pena to hold bilateral talks with PM Modi during state visit

    Source: Government of India

    Source: Government of India (4)

    Paraguay President Santiago Pena Palacios will pay a state visit to India at the invitation of Prime Minister Narendra Modi from June 2 to 4. This will be Pena’s first visit to India and marks only the second-ever visit by a Paraguayan President to the country, the Ministry of External Affairs (MEA) said in a statement.

    During his visit, Pena is scheduled to hold bilateral talks with Prime Minister Modi on June 2 in New Delhi. The discussions will focus on reviewing the full spectrum of bilateral relations, covering key sectors such as trade, agriculture, health, pharmaceuticals, and information technology. Prime Minister Modi is also set to host a lunch in honour of the visiting dignitary, the MEA said.

    He is expected to meet President Droupadi Murmu, who will host a ceremonial banquet in his honour. Pena will also be called on by Vice-President Jagdeep Dhankhar and External Affairs Minister Dr S. Jaishankar, the MEA added.

    The Paraguayan President will be accompanied by a high-level delegation comprising ministers, senior officials, and business representatives. His itinerary includes a visit to Mumbai before returning to Paraguay on June 4.

    India and Paraguay established diplomatic relations on 13 September 1961 and have since enjoyed warm and friendly ties. The two countries have developed strong cooperation in various sectors and share common positions on numerous global issues, including United Nations reforms, climate change, renewable energy, and the fight against terrorism.

    Paraguay has emerged as an important trading partner for India in the Latin American region. Several Indian companies, particularly in the automobile and pharmaceutical sectors, operate in Paraguay. Likewise, Paraguayan firms—often through joint ventures—have a presence in India, contributing to the strengthening of economic relations.

    While in Mumbai, President Pena is scheduled to meet Maharashtra’s political leadership and engage with key representatives from the business, industry, start-up, and technology sectors.

  • MIL-OSI Banking: Briefing by Secretary-General of ASEAN on the Outcomes of the 46th ASEAN Summit, 2nd ASEAN-Gulf Cooperation Council (GCC) Summit and ASEAN-GCC-China Summit

    Source: ASEAN – Association of SouthEast Asian Nations

    Join us for the Virtual Post-Summit Briefing by the Secretary-General of ASEAN Dr. Kao Kim Hourn.

    SG Dr. Kao will share insights and key outcomes from the 46th ASEAN Summit, 2nd ASEAN-GCC Summit, and ASEAN-GCC-China Summit in Kuala Lumpur, Malaysia, on 26-27 May 2025.

    The briefing will begin at 10.00 AM (Jakarta Time) and can be accessed live via YouTube: https://bit.ly/Briefing-SG
    The post Briefing by Secretary-General of ASEAN on the Outcomes of the 46th ASEAN Summit, 2nd ASEAN-Gulf Cooperation Council (GCC) Summit and ASEAN-GCC-China Summit appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Silver economy measures unveiled

    Source: Hong Kong Information Services

    Deputy Chief Secretary Cheuk Wing-hing today announced 30 measures to be implemented by the Working Group on Promoting Silver Economy.

    The proposed measures cover five areas – boosting silver consumption, developing the silver industry, promoting the quality assurance of silver products, enhancing silver financial and security arrangements, and unleashing silver productivity.

    Noting the elderly’s great consumption potential in areas including catering, personal hygiene and healthcare, the Government aims to boost silver consumption through various means, including exhibitions and retail concessions, electronic commerce, the Silver Summit, developing catering initiatives for the elderly, and protecting elderly consumers’ rights and interests.

    Another area is developing the silver industry. Mr Cheuk explained that the health and daily needs of the silver-haired group have led to a huge demand for products and services. Silver products including gerontechnology products have hence come into being.

    On promoting the quality assurance of silver products, he pointed out that quality assurance for products and services can enhance their acceptance and attractiveness, helping to establish brand value and expand the sales network.

    Given that seniors in Hong Kong possess a certain degree of wealth, Mr Cheuk noted that the Government’s objective is to assist them to best utilise their financial resources and financial management tools, and protect their financial resources.

    To unleash silver productivity, the Government will encourage and assist more senior citizens to join the labour market through employment support and training, as well as the promotion of elderly-friendly employment practices.

    The Deputy Chief Secretary added that the silver economy holds tremendous business opportunities. With the joint efforts of the Government and various sectors, the scale and industrial chain of the silver economy will expand, thereby enhancing seniors’ quality of life in all aspects, and increase their sense of their contentment and happiness.

    MIL OSI Asia Pacific News –

  • MIL-OSI: NANO Nuclear Energy Announces Pricing of $105 Million Private Placement of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    The offering includes primary participation from fundamental institutional investors, including a leading long-only mutual fund and a preeminent global investment manager

    Company total cash position expected to be over $200 million following closing

    New York, N.Y., May 27, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company, today announced that it has entered into a definitive securities purchase agreement with institutional investors for the purchase and sale of 3,888,889 shares of common stock in a private placement at a purchase price of $27.00 per share, for total gross proceeds of $105 million.

    Participants in the private placement include several fundamental institutional investors, including a leading long-only mutual fund and a preeminent global investment manager.

    The closing of the offering is expected to occur on or about May 28, 2025, subject to the satisfaction of customary closing conditions.

    With the anticipated net proceeds from the private placement, NANO Nuclear would have over $200 million in cash on hand, which it expects to use to more readily advance its cutting-edge micro nuclear reactors and auxiliary nuclear energy-related businesses, as well as to seek complimentary acquisitions and drive growth towards initial revenue generation.

    Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.

    The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. NANO Nuclear has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy TWITTER

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop, gain registered intellectual property protection for, and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    The MIL Network –

  • MIL-OSI: Indonesia Energy Provides Update on Operations and Reserves and Planned Drilling During the Remainder of 2025

    Source: GlobeNewswire (MIL-OSI)

    2024 investments in seismic and other work and Kruh contract extension increased reserves at Kruh Block by over 60%

    JAKARTA, INDONESIA AND DANVILLE, CA, May 27, 2025 (GLOBE NEWSWIRE) — Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today provided an update on IEC’s planned drilling activity for the second half of 2025.

    During 2024, IEC scaled back drilling activity at its Kruh Block asset and invested in seismic and other exploration work intended to maximize the prospects for new drilling. With that work now completed, new drilling is expected to commence at Kruh Block in the second half of 2025, as IEC plans to drill at least one new well this year as part of its multi-year program to drill 18 new wells at Kruh Block.

    In its recently filed Annual Report on Form 20-F, IEC updated its proved gross reserves at Kruh Block, noting that IEC’s proved reserves increased over 60% to approximately 3.3 million barrels as a result of the additional seismic and other work conducted in 2024 and the 5-year contract extension granted in late 2023 by the Indonesian government.

    Mr. Frank Ingriselli, IEC’s President, commented “We are pleased that our investments in Kruh Block and the 3D seismic work we have now completed resulted in a 60% increase in our proved gross reserves (even without any additional drilling activity). After attending meetings with the technical and operating teams in Jakarta and meetings with the drilling and operating teams in Sumatra, we are finalizing the drilling plans for later this year. With a successful result from our next well, we are hopeful that a further increase in reserves will be forthcoming. We believe our seismic data in hand will make our drilling even more effective and help us maximize the returns from this important asset”

    More information regarding IEC’s planned drilling activities and reserve details for the Kruh Block and the Citarum Block can be found in IEC’s Annual Report on Form 20-F which was filed last month with the Securities and Exchange Commission and is available on IEC’s website at: https://ir.indo-energy.com/sec-filings/

    About Indonesia Energy Corporation Limited

    Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (195,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

    Cautionary Statement Regarding Forward-Looking Statements

    All statements in this press release, and related statements of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, the words “could,” “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. In this press release, forward-looking statements include, without imitation those related to IEC’s future drilling plans at Kruh Block. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of significant risks, uncertainties, and other factors, many of which are outside of the IEC’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed on April 29, 2025, and other filings with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov and IEC’s website at https://ir.indo-energy.com/sec-filings/. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    Frank C. Ingriselli
    President, Indonesia Energy Corporation Limited
    Frank.Ingriselli@Indo-Energy.com

    The MIL Network –

  • MIL-OSI: Siebert Financial Corp. Announces Preliminary Inclusion in the Russell Index

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and MIAMI, May 27, 2025 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB) announced it has been included in the 2025 Preliminary Russell U.S. Indexes reconstitution, effective after the U.S. market closing on May 23, 2025. The newly reconstituted indexes take effect after U.S. markets close on June 27.

    “We’re honored by this recognition,” said Gloria E. Gebbia, majority shareholder and board member of Siebert. “Our inclusion in the Russell Index reflects the strategic progress we’ve made to grow our relevance for the next generation of investors. Siebert today is not only stronger, we’re bolder in how we innovate and how we aim to build lasting value.”

    Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. As of June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes, which are maintained by FTSE Russell, a leading global index provider.

    About Siebert Financial Corp.
    Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

    Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

    About FTSE Russell

    FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    For more information, visit FTSE Russell.

    Cautionary Note Regarding Forward-Looking Statements
    The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

    These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert’s filings with the SEC.

    Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

    Media Contact
    Deborah Kostroun, Zito Partners
    deborah@zitopartners.com
    +1 (201) 403-8185

    The MIL Network –

  • MIL-OSI: Zeo Energy Corp. Reports Fourth Quarter and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW PORT RICHEY, Fla., May 27, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a leading Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the fourth quarter and full year ended December 31, 2024.

    Recent Financial and Operational Highlights

    • Reported $73.2 million of revenue in 2024 despite pricing challenges from a prolonged, higher interest rate environment
    • Reported $2.0 million of adjusted EBITDA in 2024, driven by the Company’s flexible operating model and disciplined cost management
    • Completed the integration of Lumio’s assets, which were acquired in November 2024 as part of Zeo’s market expansion plan
    • Secured $4.0 million in December to develop a year-round sales force and expand market presence, accelerating the Company’s growth trajectory heading into the second half of 2025
    • Achieved 6th straight year of positive adjusted EBITDA

    Management Commentary
    “While 2024 was a challenging year for the solar business as a whole, we are entering 2025 with a sense of renewed optimism around the opportunities ahead,” said Zeo Energy Corp. CEO Tim Bridgewater. “In a consolidating market, we remain positioned to acquire compelling renewable energy assets at attractive valuations to fuel our growth and gain market share over the intermediate term. Our November transaction with Lumio is an example of our ability to identify targets that offer Zeo accretive value with improved geographic and strategic positioning.

    “Financially, thanks to our continued focus on efficiency as well as the flexibility in our operating model, we drove our sixth straight year of positive adjusted EBITDA. At the same time, our topline performance largely stabilized quarter-over-quarter, which was encouraging to see as we move through our traditionally slower seasons with limited sales in Q4 and Q1. As of today, our expanded recruitment initiatives remain on target as we begin our peak summer sales season in the second quarter of 2025. Put together, we believe we have the right strategy to operate sustainably today and to thrive over the long term.”

    Full Year 2024 Financial Results

    Results compare the full year ended December 31, 2024 to the full year ended December 31, 2023.

    • Total revenue was $73.2 million in 2024, a 33.2% decrease from $109.7 million in 2023. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar sales throughout 2024.
    • Gross profit decreased to $34.4 million (47.0% of total revenue) in 2024 from $49.8 million (45.4% of total revenue) in 2023. The decrease in gross profit was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor, a reduction in materials costs, and an increase in sales volume from our internal sales teams.
    • Net loss was $9.9 million in 2024 compared to net income of $4.8 million in the comparable 2023 period. The decrease was primarily due to stock compensation, increased headcount, and costs incurred as a result of becoming a public company.
    • Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, remained positive, but decreased to $2.0 million (2.7% of total revenue) in 2024 from $7.0 million (6.4% of total revenue) in 2023. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar sales in 2024.

    Fourth Quarter 2024 Financial Results

    Results compare the 2024 fourth quarter ended December 31, 2024 to the 2024 fourth quarter ended December 31, 2023.

    • Total revenue was $18.6 million in Q4 2024, an 18.9% decrease from $23.0 million in the comparable 2023 period. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar direct sales throughout 2024.
    • Gross profit decreased to $11.2 million (60.1% of total revenue) in Q4 2024 from $12.7 million (55.1% of total revenue) in the comparable 2023 period. The decrease was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor and a reduction in materials costs.
    • Net loss for Q4 2024 was $1.1 million compared to $1.6 million in the comparable 2023 period. The improvement was primarily related to a $0.7 million tax benefit.
    • Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, increased to $3.1 million (16.8% of total revenue) in Q4 2024 from approximately $(0.9) million (4.1% of total revenue) in the comparable 2023 period. The change was primarily related to a $3.0 million change in depreciation and amortization.

    For more information, please visit the Zeo Energy Corp. investor relations website at investors.zeoenergy.com.

    About Zeo Energy Corp.

    Zeo Energy Corp. is a Florida-based regional provider of residential solar, distributed energy, and energy efficiency solutions. Zeo focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo, through its Sunergy Solar business unit, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

    Non-GAAP Financial Measures

    Adjusted EBITDA
    Zeo Energy defines Adjusted EBITDA, a non-GAAP financial measure, as net income (loss) before interest and other expenses, net, income tax expense, and depreciation and amortization, as adjusted to exclude stock-based compensation. Zeo utilizes Adjusted EBITDA as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of Zeo’s results of operations to other companies in the industry. Adjusted EBITDA should not be viewed as a substitute for net loss calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

    The following table provides a reconciliation of net income (loss) to Adjusted EBITDA for the periods presented:

               
      Year Ended December 31,     Quarter Ended December 31,
        2024     2023     2024     2023
    Net income (loss)   $ (9,872,358 )     $ 4,845,069       $ (1,135,513 )     $ (1,596,773 )
    Adjustment:                              
    Other income, net     (233,151 )       183,401         (44,822 )       190,383  
    Change in fair value of warrant liabilities     (69,000 )       –         759,000         0  
    Interest expense     333,539         110,857         39,282         47,937  
    Income tax benefit     (988,802 )       –         (753,450 )       0  
    Stock compensation     7,951,248         –         849,430         0  
    Depreciation and amortization     4,836,538         1,841,874         3,423,464         410,392  
                                   
    Adjusted EBITDA     1,958,014         6,981,201         3,137,391         (948,061 )
     

    Adjusted EBITDA Margin

    Zeo Energy defines Adjusted EBITDA margin, a non-GAAP financial measure, expressed as a percentage, as the ratio of Adjusted EBITDA to revenue, net. Adjusted EBITDA margin measures net income (loss) before interest and other expenses, net, income tax expense, depreciation and amortization, as adjusted to exclude stock-based compensation and is expressed as a percentage of revenue. In the table above, Adjusted EBITDA is reconciled to the most comparable GAAP measure, net income (loss). Zeo utilizes Adjusted EBITDA margin as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of the Company’s results of operations to other companies in Zeo’s industry.

    The following table sets forth Zeo’s calculations of Adjusted EBITDA margin for the periods presented:

               
      Year Ended December 31,     Quarter Ended December 31,  
      2024     2023     2024     2023  
    Total Revenue $ 73,244,083       $ 109,691,001       $ 18,647,750       $ 22,985,981    
    Adjusted EBITDA   1,958,014         6,981,201         3,137,391         (948,061 )  
    Adjusted EBITDA margin   2.7   %     6.4   %     16.8   %     (4.1 ) %
                                   

    Forward-Looking Statements

    This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Lumio and produce the expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company’s ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company’s securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (ix) the Company’s ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2023 and in its subsequent periodic reports and other filings with the SEC.

    In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

    Zeo Energy Corp. Contacts

    For Investors:
    Tom Colton and Greg Bradbury
    Gateway Group
    ZEO@gateway-grp.com

    For Media:
    Zach Kadletz
    Gateway Group
    ZEO@gateway-grp.com

    -Financial Tables to Follow-

     
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED BALANCE SHEET
     
        As of December 31,   As of December 31,
          2024       2023  
    Assets            
    Current assets            
    Cash and cash equivalents   $ 5,634,115     $ 8,022,306  
    Accounts receivable, including $191,662 and $396,488 from related parties, net of allowance for credit losses of $1,165,336 and $862,580, as of December 31, 2024 and 2023, respectively     10,186,543       2,905,205  
    Inventories     872,470       350,353  
    Contract assets     64,202       4,915,064  
    Prepaid expenses and other current assets     2,131,345       40,403  
    Total current assets     18,888,675       16,233,331  
    Other assets     314,426       62,140  
    Property, equipment and other fixed assets, net     2,475,963       2,289,723  
    Right of use operating lease assets     1,268,139       1,135,668  
    Right of use financing lease assets     447,012       583,484  
    Intangibles, net     7,571,156       771,028  
    Related party note receivable     3,000,000        
    Goodwill     27,010,745       27,010,745  
    Total assets   $ 60,976,116     $ 48,086,119  
                 
    Liabilities, mezzanine equity and stockholders� (deficit) equity            
    Current liabilities            
    Accounts payable   $ 2,780,885     $ 4,699,855  
    Accrued expenses and other current liabilities, including $3,359,101 and $2,415,966 with related parties at December 31, 2024 and 2023, respectively     8,540,188       4,646,365  
    Current portion of long-term debt     291,036       294,398  
    Current portion of obligations under operating leases     583,429       539,599  
    Convertible promissory note     2,440,000       –  
    Contract liabilities, including $2,000 and $1,160,848 with related parties as of December 31, 2024 and 2023, respectively     203,607       5,223,518  
    Total current liabilities     14,969,609       15,522,151  
    Obligations under operating leases, non-current     799,385       636,414  
    Obligations under financing leases, non-current     348,807       479,271  
    Warrant liabilities     1,449,000       –  
    Long-term debt     496,623       825,764  
    Total liabilities     18,063,424       17,463,600  
                 
    Commitments and contingencies (Note 14)            
                 
    Redeemable noncontrolling interests            
    Convertible preferred units     16,130,871       –  
    Class B Units     115,693,900       –  
                 
    Stockholders’ (deficit) equity            
    Class V common stock, $0.0001 par value, 100,000,000 authorized shares; 35,230,000 and 33,730,000 shares issued and outstanding as of December 31, 2024, and December 31, 2023, respectively     3,523       3,373  
    Class A common stock, $0.0001 par value, 300,000,000 authorized shares; 13,252,964 and no shares issued and outstanding as of December 31, 2024, and December 31, 2023, respectively     1,326       –  
    Additional paid in capital     14,523,963       31,152,491  
    Accumulated deficit     (103,440,891 )     (533,345 )
    Total stockholders’ (deficit) equity     (88,912,079 )     30,622,519  
    Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) equity   $ 60,976,116     $ 48,086,119  
                 
     
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
     
      Year Ended December 31,   3 Months Ended December 31,
      2024   2023    2024   2023
    Revenue, net $ 51,088,065     $ 94,226,149     $ 14,630,831     $ 7,521,129  
    Related party revenue, net   22,156,018       15,464,852       4,016,919       15,464,852  
    Total revenue   73,244,083       109,691,001       18,647,750       22,985,981  
    Operating costs and expenses:                      
    Cost of goods sold (exclusive of depreciation and amortization shown below)   38,021,519       59,436,674       7,216,364       10,190,953  
    Depreciation and amortization   4,836,538       1,841,874       3,423,464       410,392  
    Sales and marketing   19,587,073       30,324,059       3,408,698       10,510,080  
    General and administrative   21,628,725       12,949,067       5,734,727       3,233,009  
    Total operating expenses   84,073,855       104,551,674       19,783,253       24,344,434  
    (Loss) income from operations   (10,829,772 )     5,139,327       (1,135,503 )     (1,358,453 )
    Other (expenses) income, net:                      
    Other income, net   233,151       (183,401 )     44,822       (190,383 )
    Change in fair value of warrant liabilities   69,000       –       (759,000 )     –  
    Interest expense   (333,539 )     (110,857 )     (39,282 )     (47,937 )
    Total other income (expense), net   (31,388 )     (294,258 )     (753,460 )     (238,320 )
    Net (loss) income before taxes   (10,861,160 )     4,845,069       (1,888,963 )     (1,596,773 )
    Income tax benefit   988,802       –       753,450       –  
    Net (loss) income   (9,872,358 )     4,845,069       (1,135,513 )     (1,596,773 )
    Net (loss) attributable to Sunergy Renewables LLC prior to the Business Combination   (523,681 )     4,845,069       –       (1,596,773 )
    Net (loss) income subsequent to the Business Combination   (9,348,677 )     –       (1,135,513 )     –  
    Net (loss) income attributable to redeemable non-controlling interests   (6,679,788 )     –       (700,167 )     –  
    Net (loss) income attributable to Class A common stock $ (2,668,889 )   $ –     $ (435,346 )   $ –  
                           
    Basic and diluted net (loss) income per common unit $ (0.48 )   $ –     $ (0.04 )   $ –  
    Weighted average units outstanding, basic and diluted   5,546,925       –       11,057,312       –  
                           
     
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
     
      Year Ended December 31,
      2024   2023
    Cash Flows from Operating Activities          
    Net (loss) income $ (9,872,358 )   $ 4,845,069  
    Adjustment to reconcile net (loss) income to cash (used in) provided by operating activities          
    Depreciation and amortization   4,836,538       1,841,874  
    Gain on disposal of asset   (91,684 )     –  
    Change in fair value of warrant liabilities   (69,000 )     –  
    Provision for credit losses   2,815,633       1,531,223  
    Noncash operating lease expense   705,293       550,425  
    Stock based compensation expense   7,951,248       –  
    Deferred tax asset   (997,702 )     –  
    Changes in operating assets and liabilities:          
    Accounts receivable   (8,785,973 )     (3,475,661 )
    Accounts receivable due from related parties   204,826       (396,488 )
    Inventories   (131,898 )     (63,207 )
    Contract assets   4,850,862       (4,795,309 )
    Prepaids and other current assets   (1,757,354 )     61,852  
    Other assets   (13,795 )     –  
    Due from related party   –       (104,056 )
    Accounts payable   (2,512,834 )     4,501,798  
    Accrued expenses and other current liabilities   (1,140,780 )     1,536,287  
    Accrued expenses and other current liabilities due to related parties   943,135       2,415,996  
    Contract liabilities   (3,861,063 )     2,913,623  
    Contract liabilities due to related parties   (1,158,848 )     1,160,848  
    Operating lease payments   (630,963 )     (547,140 )
    Net cash (used in) provided by operating activities   (8,716,717 )     11,977,134  
               
    Cash flows from Investing Activities          
    Purchases of property, equipment and other assets   (369,137 )     (1,034,666 )
    Investment in related party   (3,000,000 )     –  
    Lumio asset purchase   (4,000,000 )     –  
    Net cash used in investing activities   (7,369,137 )     (1,034,666 )
               
    Cash flows from Financing Activities          
    Proceeds from the issuance of debt   –       311,029  
    Principal payment of finance lease liabilities   (118,416 )     (84,678 )
    Proceeds from private placement   2,716,000       –  
    Proceeds from the issuance of convertible preferred stock, net of transaction costs   9,221,649       –  
    Repayments of debt   (332,503 )     (241,423 )
    Proceeds from convertible promissory note, net of debt issuance costs   2,440,000       –  
    Dividends paid to Convertible preferred units   (139,067 )      
    Distributions to members   (90,000 )     (5,173,396 )
    Net cash provided by (used in) financing activities   13,697,663       (5,188,468 )
               
    Net (decrease) increase in cash and cash equivalents   (2,388,191 )     5,754,000  
    Cash and cash equivalents, beginning of period   8,022,306       2,268,306  
    Cash and cash equivalents, end of the period $ 5,634,115     $ 8,022,306  
               
    Supplemental Cash Flow Information          
    Cash paid for interest $ 124,488     $ 103,421  
    Accrual of distribution to owners $ –     $ 325,000  
    Cash paid for income taxes $ –     $ –  
    Noncash finance lease expense $ 136,472     $ 98,881  
               
    Non-cash transactions          
    Right-of-use assets obtained in exchange for operating lease liabilities $ 837,764     $ –  
    Deferred equity issuance costs $ 2,769,039     $ –  
    Issuance of Class A common stock to vendors $ 891,035     $ –  
    Issuance of Class A common stock to backstop investors $ 1,569,463     $ –  
    Preferred dividends $ 9,275,795     $ –  
               

    The MIL Network –

  • MIL-OSI: GCM Grosvenor to Present at the Morgan Stanley 2025 U.S. Financials, Payments & CRE Conference on June 10, 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 27, 2025 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Jon Levin, President of GCM Grosvenor, will present at the Morgan Stanley 2025 U.S. Financials, Payments & Commercial Real Estate Conference on Tuesday, June 10, 2025, at 3:15 PM EDT.

    A link to the live audio webcast of the presentation will be available on GCM Grosvenor’s public shareholders website and the event website. For those unable to listen to the live audio webcast, a replay will be available for 90 days following the presentation.

    About GCM Grosvenor

    GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $82 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform.

    GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.

    Public Shareholders Contact 
    Stacie Selinger 
    sselinger@gcmlp.com 
    312-506-6583 

    Media Contact  
    Tom Johnson and Abigail Ruck  
    H/Advisors Abernathy  
    tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global  
    212-371-5999

    The MIL Network –

  • MIL-OSI Video: Department of State Press Briefing – May 27, 2025 – 2:00 PM

    Source: United States of America – Department of State (video statements)

    Spokesperson Tammy Bruce leads the Department Press Briefing at the Department of State, on May 29, 2025.
    ———-
    Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

    The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

    Get updates from the U.S. Department of State at www.state.gov and on social media!
    Facebook: https://www.facebook.com/statedept
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    Substack: https://statedept.substack.com

    Watch on-demand State Department videos: https://video.state.gov/
    Subscribe to The Week at State e-newsletter: https://public.govdelivery.com/accounts/USSTATEBPA/signup/32562

    State Department website: https://www.state.gov/
    Careers website: https://careers.state.gov/
    White House website: https://www.whitehouse.gov/
    Terms of Use: https://state.gov/tou

    #StateDepartment #DepartmentofState #Diplomacy

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

    MIL OSI Video –

  • MIL-OSI Russia: New sources on the participation of Soviet volunteer pilots in the war have been handed over to the Nanjing Anti-Japanese War Martyrs’ Memorial Museum

    Translation. Region: Russian Federal

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

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

    BEIJING, May 27 (Xinhua) — New sources on the participation of Soviet volunteer pilots in the war were recently handed over to the Nanjing Anti-Japanese War Martyrs’ Memorial Museum, the Yangtze Wanbao (Yangtze Evening Newspaper) reported.

    Chinese-American Lu Zhaoning donated 37 relics, including foreign newspapers, magazines, books and other items, to the museum. The donation ceremony was held last week at the museum in Nanjing, capital of east China’s Jiangsu Province.

    In particular, The New York Times reported on September 26, 1937, that on September 25, 1937, 80 Japanese bombers bombed Nanjing for seven hours straight, killing 200 people and destroying many facilities, including a $1 million power plant. That night, Chinese aircraft retaliated by attacking the Yangshupu airfield in Shanghai.

    The sources donated to the museum include the weekly magazine Colliers, published on November 12, 1938. It featured an article by American pilot Alvy Gibbon with an attached photograph related to the aid provided by the Soviet Union to China.

    The Nanjing Anti-Japanese War Airmen’s Martyrs Memorial Museum was founded in 2009. Earlier this month, the museum released updated information on the 18 Soviet volunteers who died in the war against Japanese invaders. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Large-scale wheat harvesting with combines launched in China

    Translation. Region: Russian Federal

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

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

    BEIJING, May 27 (Xinhua) — As of 5 p.m. on May 26, China had harvested 70.05 million mu (about 4.67 million hectares) of winter wheat, and combine harvesters had harvested more than 4 million mu of wheat fields every day over the past three days, according to the Ministry of Agriculture and Rural Affairs.

    The country has launched large-scale wheat harvesting using combines, the aforementioned department noted.

    By now, wheat harvesting has been completed on 20 percent of all wheat fields in China. In particular, wheat harvesting has already come to an end in the southwestern regions of the country and in Hubei Province. Wheat harvesting has been completed on 30 percent of fields in Henan Province. In Anhui, Jiangsu and other agricultural regions, wheat harvesting has only just begun as the grains mature.

    As noted by the responsible officials of the Chinese Ministry of Agriculture and Rural Affairs, the department has developed a plan for the mobilization and transfer of agricultural machinery in advance in preparation for the summer harvest. Thus, this year, during the harvesting of the summer grain crop, the subsequent sowing campaign and the implementation of measures to care for the sown grain crops, over 17 million units / sets / of agricultural machinery of various types will be mobilized in the country for their timely use during the above-mentioned three stages of work in the fields.

    In addition, more than 800,000 combine harvesters have been deployed nationwide to harvest wheat, and 200,000 of them will be sent to other regions to harvest wheat. These combine harvesters are equipped with the Beidou positioning system and a monitoring system for the operation process.

    The Ministry of Agriculture and Rural Affairs of the People’s Republic of China, together with the transportation sector, police, meteorological service and petroleum and petrochemical industry, provide services for the implementation of agricultural machinery work in the fields.

    At present, more than 3,400 service points have been set up in wheat-growing regions in China, more than 4,800 green lanes have been set up at highway toll booths for free passage of agricultural machinery, and 5,800 special zones have been set up at gas stations for refueling agricultural machinery at preferential prices. More than 1,260 emergency telephone lines have also been set up to promptly resolve problems among farmers. A special mechanism for providing meteorological data has been launched.

    According to weather forecasters, next week in most provinces of the country favorable weather for harvesting wheat and drying it will prevail. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: EU countries approve creation of €150 billion defence fund

    Translation. Region: Russian Federal

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

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

    BRUSSELS, May 27 (Xinhua) — European Union (EU) ministers on Tuesday approved a 150 billion euro (about 170.23 billion U.S. dollars) defence fund, the first major defence investment programme at the EU level, the EU Council said in a press release.

    The fund’s resources will be channelled through a new instrument called “Safeguard Measures for Europe”, which offers EU member states long-term loans at competitive rates for investments in the defence industry through joint procurement, the document says.

    The European Commission, the EU’s executive arm, proposed the fund in March as a key part of the Retooling Europe/Readiness 2030 plan, which aims to raise more than €800 billion in defence spending to strengthen European security and defence cooperation. –0–

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: S&P, Moody’s affirm HK’s credit rating

    Source: Hong Kong Information Services

    The Hong Kong Special Administrative Region Government today said that both S&P and Moody’s gave positive evaluations of Hong Kong’s credit profile, including substantial fiscal buffers and foreign exchange reserves, a strong external balance sheet, and high per-capita income levels.

    The statement was made in response to the S&P and Moody’s reports today on maintaining Hong Kong’s AA+ and Aa3 credit rating respectively.

    S&P also affirmed Hong Kong’s stable outlook, while Moody’s upgraded the outlook from negative to stable.

    The Hong Kong SAR Government pointed out that the recent affirmations of Hong Kong’s credit ratings by Fitch, S&P and Moody’s, all with stable outlooks, demonstrate the city’s resilience in maintaining stability amid increasing global economic and financial uncertainties.

    Recent data has further underscored the robustness of Hong Kong’s financial system. Bank deposits have continued to grow, capital markets remain active, and the initial public offering (IPO) market is thriving.

    For example, IPO fundraising in Hong Kong has exceeded $76 billion so far this year, more than seven times the amount raised during the same period last year, and nearly 90% of the total raised in all of last year.

    The Hong Kong SAR Government noted that both S&P and Moody’s have highlighted its substantial fiscal reserves. It has implemented a series of measures to maintain a robust fiscal situation despite pressures on public finances following the pandemic.

    Furthermore, the 2025-26 Budget outlined a reinforced fiscal consolidation programme, focusing primarily on expenditure control, supplemented by revenue generation, to gradually restore balance to government accounts.

    The Operating Account is expected to be largely balanced in this financial year, and will return to a surplus in the next financial year of 2026-27.

    The Capital Account primarily involves capital works expenditure, which represents investments for the future, such as the Northern Metropolis development. Therefore, the Hong Kong SAR Government will make flexible use of market resources, such as public-private partnerships and increasing the scale of bond issuances, to fast-track the related projects.

    Even if so, the level of deficit in the Capital Account will gradually decrease starting from the 2026-27 financial year.

    Overall, after counting the proceeds from bond issuances, the Consolidated Accounts will return to a surplus in the 2028-29 financial year. Over the next five years, fiscal reserves are projected to remain at a level well above $500 billion.

    Hong Kong’s economy saw robust growth in the first quarter of this year. While the tariff war continues to affect the global economy, the recent easing in international trade tensions has slightly alleviated external unfavourable factors and uncertainties.

    Meanwhile, the Mainland continues to advance high-level opening up, with steady economic growth supported by ample policy room and tools to address and resolve various risks and challenges.

    With breakthroughs and expedited developments in technology innovation, green transformation and the digital economy, the Mainland offers the greatest backing for Hong Kong’s economic development.

    Looking ahead, the Hong Kong SAR Government is confident in addressing external challenges while seizing new opportunities in this evolving landscape.

    It remains committed to leveraging Hong Kong’s institutional advantages under the “one country, two systems” framework, reinforcing and enhancing its status as an international financial, shipping and trade centre.

    At the same time, it will make great strides to promote Hong Kong’s development as an international innovation and technology centre. These factors will drive high-quality, sustainable economic and social development.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: EIA counts U.S. electricity generation in different ways

    Source: US Energy Information Administration

    Filter by article type:

    In-brief analysis

    May 27, 2025

    Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor

    At EIA, we publish U.S. electricity net generation from two different perspectives:

    Read More ›

    In-brief analysis

    May 22, 2025

    Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update, and the U.S. Bureau of Labor Statistics
    Note: Real prices are adjusted to May 2025 dollars.

    The retail price for regular-grade gasoline in the United States on May 19, the Monday before Memorial Day weekend, averaged $3.17 per gallon (gal), 11% (or 41 cents/gal) lower than the price a year ago. After adjusting for inflation (real terms), average U.S. retail gasoline prices going into Memorial Day weekend are 14% lower than last year, largely because crude oil prices have fallen.

    Read More ›

    In-brief analysis

    May 21, 2025

    Data source: United Nations Statistics Division, UN Comtrade
    Note: Excludes trade within regions.

    China has a major role at each stage of the global battery supply chain and dominates interregional trade of minerals. China imported almost 12 million short tons of raw and processed battery minerals, accounting for 44% of interregional trade, and exported almost 11 million short tons of battery materials, packs, and components, or 58% of interregional trade in 2023, according to regional UN Comtrade data.

    Read More ›

    In-depth analysis

    May 20, 2025

    Colorado State University’s hurricane forecast estimates the 2025 hurricane season will exceed the 1991–2020 average, with an estimate of 17 named storms, compared with a historical average of 14 storms. Meteorologists expect 13–18 named storms, including 3–6 storms with direct impacts on the United States, during this year’s Atlantic hurricane season, according to reports from AccuWeather in April.

    Read More ›

    In-brief analysis

    May 19, 2025

    We expect U.S. hydropower generation will increase by 7.5% in 2025 but will remain 2.4% below the 10-year average in our May Short-Term Energy Outlook (STEO). Hydropower generation in 2024 fell to 241 billion kilowatthours (BkWh), the lowest since at least 2010; in 2025, we expect generation will be 259.1 BkWh. This amount of generation would represent 6% of the electricity generation in the country.

    Read More ›

    In-brief analysis

    May 15, 2025

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), May 2025, and Oxford Economics
    Note: Excludes 2020 and 2021 as outlier years because of the COVID-19 pandemic.

    We forecast consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by a slowdown in economic growth, particularly in Asia, in our May Short-Term Energy Outlook (STEO).

    Read More ›

    In-depth analysis

    May 14, 2025

    Retail electricity prices have increased faster than the rate of inflation since 2022, and we expect them to continue increasing through 2026, based on forecasts in our Short-Term Energy Outlook. Parts of the country with relatively high electricity prices may experience greater price increases than those with relatively low electricity prices.

    Read More ›

    In-brief analysis

    May 13, 2025

    In our latest Short-Term Energy Outlook, we forecast U.S. annual electricity consumption will increase in 2025 and 2026, surpassing the all-time high reached in 2024. This growth contrasts with the trend of relatively flat electricity demand between the mid-2000s and early 2020s. Much of the recent and forecasted growth in electricity consumption is coming from the commercial sector, which includes data centers, and the industrial sector, which includes manufacturing establishments.

    Read More ›

    In-brief analysis

    May 12, 2025

    The average electric monthly bill for U.S. residential customers was $144 in 2024, but average costs for customers in some states were much higher or lower. Customers in states such as Hawaii and Connecticut, where retail electricity prices are relatively high, paid more than $200 per month for electricity, or more than twice as much as customers in states such as New Mexico and Utah.

    Read More ›

    In-brief analysis

    May 7, 2025

    Data source: FracFocus
    Note: To calculate the number of wells completed per location, we grouped wells within a 50-foot radius into single locations. We then identified wells completed by their completion start and end dates, counting concurrent completions when their completion periods overlapped.

    We estimate that the average number of wells completed simultaneously at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells in December 2014 to more than 3.0 wells in June 2024. By completing multiple wells at once rather than sequentially, operators can accelerate their production timeline and reduce their cost per well. The increasing number of simultaneous completions reflects significant technological advances in hydraulic fracturing operations, particularly in equipment capabilities and operational strategies.

    Read More ›

    In-brief analysis

    May 6, 2025

    Data source: U.S. Energy Information Administration, Petroleum Supply Monthly; company announcements and trade press
    Note: Other Biofuels includes sustainable aviation fuel (SAF), renewable heating oil, renewable naphtha, renewable propane, renewable gasoline, and other emerging biofuels that are in various stages of development and commercialization. SAF production capacity is an estimate based on company announcements and trade press and only includes hydroprocessed esters and fatty acids (HEFA) SAF. We do not publish SAF production capacity data.

    Sustainable aviation fuel (SAF) production is growing in the United States as new capacity comes online. U.S. production of Other Biofuels, the category we use to capture SAF in our Petroleum Supply Monthly, approximately doubled from December 2024 to February 2025.

    Read More ›

    In-brief analysis

    May 5, 2025

    Data source: AAA

    Retail prices for regular grade gasoline in California are consistently higher than in any other state in the continental United States, often exceeding the national average by more than a dollar per gallon. Several factors contribute to this high price, including state taxes and fees, environmental requirements, special fuel requirements, and isolated petroleum markets.

    Read More ›

    In-brief analysis

    May 1, 2025

    Data source: CME Group, Bloomberg L.P.
    Note: Refinery margin is calculated as the 3-2-1 crack spread on the U.S. Atlantic Coast, which represents two barrels of gasoline and one barrel of distillate fuel oil minus three barrels of Brent crude oil. 1Q25=first quarter of 2025

    During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In this quarterly update, we review petroleum markets price developments in 1Q25, covering crude oil prices, refinery margins, biofuel compliance credit prices, and natural gas plant liquids prices.

    Read More ›

    In-brief analysis

    Apr 30, 2025

    Data source: Evaluate Energy
    Note: Production expenses include costs of goods sold, operating expenses, and production taxes from company income statements. Interest expenses are in 2024 dollars and deflated using the Consumer Price Index.

    Higher oil prices, increased drilling efficiency, and structurally lower debt needs have contributed to lower interest expenses for some publicly traded U.S. oil companies over the past decade, despite the level of interest rates across the economy being relatively high.

    Read More ›

    In-brief analysis

    Apr 29, 2025

    U.S. imports of petroleum products decreased by 210,000 barrels per day (b/d) in 2024 to average 1.8 million b/d. Imports of all major transportation fuels, such as motor gasoline, diesel, and jet fuel, as well as other products, such as unfinished oils, decreased.

    Read More ›

    MIL OSI USA News –

  • MIL-OSI: Ormat Technologies Announces $62 Million Hybrid Tax Equity Partnership for Two Energy Storage Facilities

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., May 27, 2025 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the signing of a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. The partnership’s transaction covers the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve COD by the end of 2025.

    “This Hybrid Tax Equity partnership is the first of its kind for our Energy Storage portfolio and highlights the innovative efforts we are taking to optimize the projects’ economics and the Company’s profitability to ensure that we have the funding we need to support our long-term growth, while simultaneously helping advance our explicit goal of monetizing $160 million of tax benefits this year,” said Doron Blachar, Chief Executive Officer of Ormat Technologies. “By continuing to effectively monetize the benefits of ITCs for our growing Energy Storage project portfolio through 2026, we are strengthening our ability to further invest in our development pipeline and ensure that we remain well-positioned to support the growing demand for energy storage projects.”

    Ormat was represented in the transaction by Sheppard Mullin Richter & Hampton, LLP and Morgan Stanley Renewables Inc. was represented in the transaction by Willkie Farr & Gallagher LLP.

    ABOUT ORMAT TECHNOLOGIES

    With six decades of experience, Ormat Technologies, Inc. is a leading geothermal company, and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,538MW with a 1,248MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S.

    ORMAT’S SAFE HARBOR STATEMENT

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.

    These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Ormat Technologies Contact:
    Smadar Lavi
    VP Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com    		 Investor Relations Agency Contact:
    Joseph Caminiti or Josh Carroll
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network –

  • MIL-OSI: TruGolf Clarifies Nasdaq Compliance Plan and Provides Context to Equity Line of Credit

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City, Utah, May 27, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, has clarified its plan to regain compliance with Nasdaq listing rules in response to shareholder inquiries. On August 19, 2024, TruGolf Holdings, Inc. received a written notification from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, the Company’s stockholders’ equity was ($10,508,104), and therefore, the Company was not in compliance with Nasdaq’s Listing Rule 5450(b)(1)(A), which requires a $10,000,000 minimum stockholders’ equity standard (the “Equity Rule”). On May 15, 2025, the Company presented a plan to the Nasdaq Hearings panel on how it plans to regain compliance with Nasdaq’s listing rules and requested an extension to execute on the plan. To date the Hearings panel has not rendered a determination. There can be no assurance that it will provide an extension or move to delist. The key provisions of the plan were:

    • The Company converted approximately ⅔’s of the accrued dividends payable owed to the company’s founders to common stock.
    • The PIPE note holders agreed to exchange their outstanding notes and associated warrants for new preferred shares and warrants. All unissued notes would be canceled.
    • The Company has entered into an Equity Line of Credit for $20 million that could provide liquidity without reducing shareholder equity if additional funds to operate the business are required.
    • A reverse split would be approved by the Board, subject to shareholder authorization, if necessary to regain compliance with Nasdaq minimum pricing rules.

    Chris Jones, CEO of TruGolf, had this to say about the plan. “The Company will be holding a special meeting of shareholders on May 30th to vote on actions relating to this plan. However, since disclosure of all details of the plan, the Company has received multiple inquiries requesting clarification of the purpose of the Equity Line of Credit that was entered into as part of the plan.” As reported in the Company’s first quarter Form 10-Q on May 15th. “TruGolf has a strong cash position of greater than $10 million which is more than adequate to satisfy its current operating needs. The line was put in place in the event that a special situation or opportunity may arise in the future so the Company could avoid debt when financing its actions.” 

    About TruGolf Holdings

    TruGolf is a golf technology company, committed to making golf, easy. From innovative uses for AI to build content and enhance its image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since its founding, TruGolf has redefined what is possible in golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make it easier to Play, Improve, and Enjoy the game of golf.

    Forward-Looking Statements

    Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements include, without limitation, whether the Company’s compliance plan will be accepted by Nasdaq and the Company’s expected future cash needs. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC’s website, www.sec.gov.

    For more information about our products and upcoming innovations, please visit TruGolf.com.

    Media Contacts:

    TruGolf: Michael Bacal: Phone: 917-886-9071; mbacal@darrowir.com Web: TruGolf.com LinkedIn: @TruGolf

    The MIL Network –

  • MIL-OSI: HashFly Implements Advanced AI For Cloud Mining Operations

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, May 27, 2025 (GLOBE NEWSWIRE) —

    HashFly, one of the leading cloud mining platform, is heading into the future with the integration of advanced artificial intelligence (AI) technology into its mining processes. With the use of AI, HashFly seeks to revolutionize cloud mining through enhanced operational efficiency, profitability maximization, and providing users with stable returns amid an ever-changing world of cryptocurrencies.

    A New Era of Smarter Mining

    In the year 2025, HashFly committed to innovating beyond the limits of what is possible with cloud mining. The integrated advanced AI systems of HashFly platform enable users to make more informed decisions, help them respond rapidly to new conditions, and optimise performance in all mining activities. The AI system receives enormous amounts of data from hash rates, power usage, and market conditions to allow rapid changes to improve mining performance in real time. 

    The AI technologies today enable HashFly to maximize its mining facilities by predicting the market correctly, modifying operations from real-time information, and utilising all available resources to ensure maximum profit for its users.

    David Chen, the CEO of HashFly, stated, “With an Advanced AI model now embedded into our mining operation process, we’re not just improving our ability to mine cryptos but we’re bringing a higher level of intelligence into the process. The integrated AI technology helps us optimize server resources, predict the basic market movements, and ensure that our cloud mining stack are as efficient as possible, leading to better outcomes for our users.”

    How AI Enhances HashFly’s Cloud Mining Performance

    The incorporation of AI into HashFly’s cloud mining system brings several distinct advantages. By processing its real-time data from mining operations, the platform can automatically adjust mining processes to make sure they are as efficient as possible, even during highly fluctuating market conditions.

    Some of the ways AI improves cloud mining at HashFly include:

    • Predictive Adjustments: AI can forecast market shifts and adjust mining strategies accordingly, ensuring the platform stays profitable even as conditions change.
    • Real-Time Data Analysis: The mining operations data helps the system to make instant adjustments for continuous optimisation of the mining process to increase yield.
    • Efficient Resource Management: The integrated AI model ensures that the mining resources are properly distributed and used in the most efficient way to increase productivity.
    • Cost Efficiency: The AI system improves energy consumption and reduces waste by analyzing network difficulty and adjusting mining power accordingly.

    “AI helps us achieve a level of adaptability that was once unattainable,” Chen added. “We no longer rely solely on manual oversight. The AI calculates the learning from each data point and adjusts automatically, making our mining operations responsive to the market than they were before.”

    Transparency and Control for Users

    One of the main Advantages for HashFly users is the added transparency that comes with AI integration. The user interface of the platform offers real-time monitoring of mining performance, allowing users to monitor their income, keep track of the effectiveness of their operations, and make informed decisions regarding their investments.

    With the help of AI, HashFly ensures that users can make informed choices based on real-time data rather than relying on outdated mining metrics. This level of transparency strengthens trust between the platform and its users, providing them with more control over their investments.

    A Commitment to Sustainability

    When it comes to the performance and profitability of the platform, HashFly is also leveraging AI to improve the sustainability of its mining operations. The data centres of HashFly are running on renewable energy, which is integrated with the advanced AI, will help to further optimise energy consumption by adjusting mining activity based on real-time network conditions. This commitment to reducing energy consumption makes HashFly’s operations more environmentally friendly and efficient.

    “We are committed to running our mining operations as sustainably as possible,” said Chen. “AI plays a critical role in helping us achieve that by ensuring we minimise energy waste and maximise the return on every resource we use.”

    A Future Built on Innovation

    A Future Built on Innovation With this step into artificial intelligence, HashFly is to set the stage for a new standard in the cryptocurrency mining industry by integrating an advanced AI model. HashFly improves the way it operates but also helps its users take advantage of smarter mining strategies that enhance profitability.

    As the crypto market continues to evolve, the HashFly team’s approach will ensure that it maintains a trusted platform for cloud mining investors from all around the world. By combining an advanced AI model with the power of cloud mining, HashFly is going to shape the future of digital asset mining, which offers users an efficient yet profitable way to engage in the industry.

    About HashFly

    Hashfly was founded in the year 2013, a leading cloud mining provider that enables users to mine popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin without the need for costly hardware or technical expertise. This user-friendly platform, HashFly, is backed by cutting-edge technology, including advanced AI optimisation, and continues to lead the way in transforming the cloud mining experience.

    For more information, visit www.hashfly.com.

    MEDIA CONTACT
    Name: Scott Joseph
    Email: info@hashfly.com
    Job Title: Director
    City/Country: New York, USA

    Disclaimer: This press release is for informational purposes only and does not constitute financial advice, legal advice, or investment recommendations. Cryptocurrency involves risk and market volatility. Please research or consult a licensed financial advisor before making investment decisions. H.com and associated parties are not liable for any financial loss incurred.

    Attachment

    The MIL Network –

  • MIL-OSI: TRESU Investment Holding A/S – Announcement of Q1 2025 Interim Report

    Source: GlobeNewswire (MIL-OSI)

    TRESU INVESTMENT HOLDING A/S
    ANNOUNCEMENT NO. 07.2025
    27.05.2025

    TRESU Investment Holding A/S – Announcement of Q1 2025 Interim Report

    Tresu Investment Holding A/S today publishes the Q1 2025 Interim Report and presentation of the financial results.

    We are pleased to invite you to the financial results call, which is being held

                                                 Wednesday, 11. June 2025, at 1pm CET.

    The Interim Report will be presented by Stephan Plenz, CEO and Torben Børsting, CFO. After the presentations there will be an opportunity for Q+A.

    A recording of the results call will be made available for four hours on the TRESU IR website.

    To register for the investor call, please send an e-mail to fho@tresu.com directed to Financial Manager at TRESU A/S, Finn Holm, no later than 10. June 2025 9am CET.

    Stephan plenz
    CEO, TRESU

    For further details, please contact:
    CEO, Stephan Plenz, phone: +45 2194 5480
    CFO, Torben Børsting, phone: +45 5130 2780

    Attachments:

    TRESU Investment Holding AS interim report 2025 Q1

    Quarterly reporting – 2025 Q1

    Attachments

    The MIL Network –

  • MIL-OSI Economics: H

    Source: ASEAN

    The ASEAN Secretariat is honoured to welcome H.E. Emmanuel Macron, President of the French Republic, on the occasion of his visit to the ASEAN Headquarters/ ASEAN Secretariat, on 28 May 2025.
     
    This visit marks a significant milestone in the growing partnership between ASEAN and France. In 2020, France was officially conferred the status of Development Partner of ASEAN, underscoring its commitment to deepening cooperation with the region.
    The post H.E. Emmanuel Macron, President of French Republic to visit ASEAN Headquarters/ASEAN Secretariat appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN Attends the 16th IMT-GT Summit

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this afternoon participated in the 16th Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Summit, highlighting the sub-regional framework’s key role in enhancing connectivity, promoting trade, and driving sustainable growth in the region. Secretary-General Dr. Kao also underscored the importance of IMT-GT’s contribution to the realisation of the ASEAN Community Vision 2045.

    The post Secretary-General of ASEAN Attends the 16th IMT-GT Summit appeared first on ASEAN Main Portal.

    MIL OSI Economics –