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Category: Economy

  • MIL-OSI: Cavvy to Hold Conference Call and Webcast to Discuss Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Not For Distribution to United States News Wire Services or Dissemination in United States

    CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) will release its financial and operating results for the second quarter 2025, on Tuesday, August 12, 2025, after markets close.

    President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and company developments on an investor conference call and webcast on Wednesday, August 13, 2025, at 8:30 a.m. MDT / 10:30 a.m. EDT.

    To register to participate via webcast please follow this link:

    https://edge.media-server.com/mmc/p/iyksgwmj

    Alternatively, to register to participate by telephone please follow this link:

    https://register-conf.media-server.com/register/BI38015d898a634532b5e63d29d3cae388

    A replay of the webcast will be available two hours after the conclusion of the event and may be accessed using the webcast link above.

    About Cavvy Energy
    Cavvy Energy is a Canadian energy company headquartered in Calgary, Alberta. The Company is a significant upstream producer and midstream custom processor of natural gas, NGLs, condensate, and sulphur from Western Canada. Cavvy’s vision is to provide responsible, affordable natural gas and derived products to meet society’s energy security needs.

    For further information, visit www.cavvyenergy.com, or please contact:

    Darcy Reding, President & Chief Executive Officer Adam Gray, Chief Financial Officer
    Telephone: (403) 261-5900 Telephone: (403) 261-5900
       

    Investor Relations
    investors@cavvyenergy.com

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

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Dave Announces Promotion of Kyle Beilman to CFO & COO

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, July 14, 2025 (GLOBE NEWSWIRE) — Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced the promotion of Kyle Beilman to Chief Financial Officer and Chief Operating Officer, effective as of July 11, 2025.

    Since joining Dave, Kyle has played a pivotal role in driving the Company’s financial success, profitability, and operational efficiency. In addition to overseeing financial strategy, he has consistently taken on responsibilities that extend well beyond the traditional CFO scope. His expanded title as CFO and COO reflects his broad impact across the organization and his commitment to fostering innovation, operational excellence, and sustainable growth.

    “Kyle has been a driving force behind our company’s continued success,” said Jason Wilk, Founder and CEO of Dave. “His leadership, strategic insight, and dedication have made a significant impact across multiple departments, which this expanded title now recognizes.”

    About Dave

    Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in-class banking services at a fraction of the price of incumbents. For more information about the Company, visit: www.dave.com. For investor information and updates, visit: investors.dave.com and follow @davebanking on X.

    The MIL Network –

    July 15, 2025
  • MIL-OSI United Kingdom: Discount of up to £3,750 on electric cars set to slash costs for thousands

    Source: United Kingdom – Executive Government & Departments

    Press release

    Discount of up to £3,750 on electric cars set to slash costs for thousands

    Car manufacturers can apply for the Electric Car Grant from 16 July 2025.

    • new £650 million grant will slash electric car prices, saving UK households up to £3,750 when they upgrade or switch to electric  
    • car manufacturers to apply through the Electric Car Grant – speeding up access and cutting costs for drivers and businesses  
    • comes as more than 380,000 zero emission cars were registered last year, delivering the government’s Plan for Change to kickstart economic growth and put more money in working people’s pockets

    Drivers across the UK will soon enjoy discounts on dozens of new electric car models after the Transport Secretary today (15 July 2025) announced a £650 million grant scheme worth up to £3,750 per car, putting more money back in working people’s pockets as part of the Plan for Change and making owning an electric car a reality for thousands.  

    Supporting the manifesto commitment to phase out the sale of new petrol and diesel cars by 2030, the £650 million Electric Car Grant (ECG) will back UK and other manufacturers, with eligibility dependent on the highest manufacturing sustainability standards. Discounts up to £3,750 will be available at the point of sale for new eligible electric cars priced at or under £37,000.

    Drivers will start to benefit from discounts as soon as manufacturers successfully apply for their zero emission cars to be part of the grant scheme from 16 July 2025, with funding available until the 2028 to 2029 financial year.

    With drivers citing upfront costs as a key barrier to adoption, the grant will narrow the upfront cost between petrol and electric vehicles, giving thousands more drivers access to savings of up to £1,500 a year in fuel and running costs compared to a petrol car. The discount means that zero emission cars are now cheaper to buy and run than ever before and comes on top of preferential tax rates, delivering real savings for working families.  

    Owning and buying an electric vehicle (EV) is becoming cheaper, with 2 in 5 of used electric cars sold at under £20,000 and 34 brand new electric cars available from under £30,000.

    Standing firmly on the side of British drivers, this latest investment is part of the government’s major plan to support motorists, including a record £1.6 billion invested to tackle potholes and freezing the fuel duty at 5 pence until spring 2026, saving the average motorist £50 to £60 over the year.

    Transport Secretary, Heidi Alexander, said:  

    This EV grant will not only allow people to keep more of their hard-earned money – it’ll help our automotive sector seize one of the biggest opportunities of the 21st century.  

    And with over 82,000 public chargepoints now available across the UK, we’ve built the infrastructure families need to make the switch with confidence. 

    This is our Plan for Change in action. We’re backing British drivers, British jobs and British growth.

    This latest scheme builds on the government’s major £63 million package to support at home charging for households without driveways, transition NHS fleets to electric and create thousands of chargepoints at business depots across the country. 

    In total, the government is investing £4.5 billion to turbocharge the switch to EVs, securing Britain’s position as a world-leader in electric vehicle adoption while helping put more money in people’s pockets. Today, the UK is already a global leader in the transition to zero emissions driving, with the largest EV market in Europe in 2024 and sales up a fifth on the previous year.

    The latest update also comes as the UK hits over 82,000 public chargepoints nationwide – with one added every 30 minutes – giving peace of mind to drivers that they will be able to charge conveniently at home, work or on longer journeys.  

    This latest move comes alongside the Zero Emission Vehicle (ZEV) Mandate, which requires manufacturers to sell increasing percentages of zero emission vehicles each year. Recent changes to the mandate give industry the certainty, stability and support they’ve been asking for, alongside crucial trade deals with the US, India and the European Union following the recent global economic headwinds.

    Simon Williams, RAC head of policy, said:

    Within weeks, discounted cars should start appearing at dealerships across the country. And, as the biggest savings will be given to cars with the strongest ‘green’ manufacturing credentials, drivers will be picking models that are not only better for their wallets, but better for the planet too.

    This is further welcome news following last week’s announcement about more funding for pavement gully charging solutions that will enable those without driveways to charge an EV at home. Together, these initiatives should mean more drivers than ever start benefitting from the lower costs of running an electric car.

    Vicky Read, CEO of ChargeUK, said:

    This announcement is brilliant news – for drivers and for the UK’s transition to electric vehicles.

    With a commitment to invest £6 billion through to 2030, the UK’s charging industry has rolled out infrastructure ahead of demand to ensure that when drivers switch, the network is there to make charging as convenient as possible. There are now 82,000 public charge points and a new one goes in the ground every 29 minutes on average.

    Hot on the heels of the weekend’s announcement on measures to support charging, including meeting ChargeUK’s calls for improvements to signage on main roads, today’s package is another vital boost to the charging industry, helping it invest with confidence.

    Dan Caesar, CEO, Electric Vehicles UK, said: 

    A targeted incentive program is a significant step forward in encouraging consumers to buy battery electric vehicles and to make them more accessible. While battery-only EVs are much cheaper to buy and run than most realise, surveys show that cost misperceptions are the primary reason for hesitance.

    A generous grant of this nature gives a new group of interested buyers, who might have thought that going electric was beyond them, a gentle nudge into what is great tech. More than 9 out of 10 battery EV drivers will never revert, and there’s a reason for that.

    John Lewis, CEO, char.gy, said:

    It’s encouraging to see the government stepping up to support consumers in making the switch to electric vehicles. This move brings us closer to a future where driving electric is accessible to everyone – not just the privileged few.

    Combined with the introduction of the price cap and the additional funding for on-street charge points, we can get more affordable cars on the road and more people enjoying the benefits of EVs. The outcome will be cleaner air for all and more cash in the consumer’s wallet as they enjoy the long-term savings of driving electric.

    Mike Hawes, SMMT chief executive, said:

    Today’s announcement of the return of government support for the purchase of electric vehicles is a clear signal to consumers that now is the time to switch.

    Rapid deployment and availability of this grant over the next few years will help provide the momentum that is essential to take the EV market from just 1 in 4 today, to 4 in 5 by the end of the decade.

    This announcement is a welcome response to consistent calls from the industry for more support, which will be in addition to the substantive subsidies already provided by manufacturers. Taken with recent announcements regarding infrastructure investments and the Industrial Strategy, the UK has the opportunity to maintain its position as a leader in both the manufacture and sale of zero emission vehicles.

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    Published 15 July 2025

    MIL OSI United Kingdom –

    July 15, 2025
  • MIL-OSI China: China, EU hold high-level environment, climate dialogue

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

    Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, and Teresa Ribera, Executive Vice President of the European Commission, hold the sixth China-EU High-Level Environment and Climate Dialogue jointly in Beijing, capital of China, July 14, 2025.  [Photo/Xinhua]

    BEIJING, July 14 — Chinese Vice Premier Ding Xuexiang held the sixth China-EU High-Level Environment and Climate Dialogue jointly with Teresa Ribera, Executive Vice President of the European Commission, on Monday in Beijing.

    Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, urged both sides, under the strategic guidance of their leaders, to strengthen practical cooperation on the environment and climate and make greater contributions to sustainable development in China, the EU and the world.

    He said that China attaches great importance to ecological and environmental protection and responding to climate change, has formulated and implemented a series of practical measures, and has achieved remarkable results in the comprehensive green transformation of its economic and social development.

    China will firmly promote green and low-carbon development and take effective measures to participate in global environmental and climate governance, Ding said, adding that China is willing to work with the EU to maintain high-level dialogue and exchanges, build greater consensus and deepen the green partnership.

    He said China stands ready to work with the EU to uphold mutual benefit and win-win outcomes, continuously expand cooperation in key areas such as energy and the circular economy, and jointly support the green and low-carbon development of other developing countries.

    China is also willing to work with the EU to promote the establishment of a fair, reasonable, cooperative and win-win global environmental and climate governance system, he added.

    Ribera said the EU is willing to take the 50th anniversary of the establishment of diplomatic relations between the EU and China as an opportunity to further consolidate existing cooperation with China, strive to find more new opportunities for cooperation, adhere to multilateralism, and promote the effective implementation of the Paris Agreement.

    MIL OSI China News –

    July 15, 2025
  • MIL-OSI Economics: African Development Bank and CIF to launch report on increasing business opportunities, access to credit for women in renewable energy in Uganda,…

    Source: African Development Bank Group

    What:        Launch of report: Increasing Business Opportunities and Access to Credit for Women in Renewable Energy in Uganda, Kenya, and Rwanda  

    Who:         African Development Bank and Climate Investment Funds

    When:       July 14, 2025 – 2:00pm – 4:00 pm EAT

    Where:     Zoom: https://afdb.zoom.us/webinar/register/WN_gFMNsnCCSMy_ovBU0N7HxA

    The African Development Bank will launch a new report, Increasing Business Opportunities and Access to Credit for Women in Renewable Energy in Uganda, Kenya, and Rwanda.

    The report, developed under the Climate Investment Funds (CIF)-supported Scaling Up Renewable Energy Program in collaboration with the African Development Bank, sheds light on the challenges and immense untapped potential of women entrepreneurs driving growth in the region’s dynamic renewable energy sector.

    While women comprise over 50% of the population in Uganda, Kenya, and Rwanda, they lead less than 20% of renewable energy businesses in these nations. A significant barrier remains access to finance, with women entrepreneurs in renewable energy accessing only 7% of available commercial capital. This disparity highlights a critical need for targeted interventions to unlock their full economic potential and accelerate the sustainable energy transition in East Africa.

    Report Highlights

    • Barriers to Accessing Business Opportunities and Finance: The study identifies structural, and gender-specific barriers that hinder women entrepreneurs from securing business opportunities and financing.
    • Untapped Opportunities for Women Entrepreneurs: Beyond traditional roles, the report underscores vast opportunities for women to expand their engagement across entire renewable energy value chains.
    • Existing Interventions and Critical Gaps: The report reviews current financing mechanisms, capacity-building programs, technical assistance, and policy interventions designed to support women entrepreneurs in renewable energy.
    • Actionable Recommendations: The report provides concrete recommendations for policymakers, financial institutions, development partners, and large private and public sector companies.

    Join the Conversation

    Engage with key findings, learn from shared stakeholder experiences, and collaborate on practical steps to empower women in renewable energy.

    For more information, click: [email protected]

    MIL OSI Economics –

    July 15, 2025
  • MIL-OSI: Amazing Returns: XRP Soars Instantly with the Help of DRML Miner

    Source: GlobeNewswire (MIL-OSI)

    NEWYORK, NY, July 14, 2025 (GLOBE NEWSWIRE) —

    New choice for XRP holders: not only holding coins, but also making profits

    XRP has become one of the preferred digital assets for institutions and users due to its high transaction volume, low handling fees and strong liquidity. DRML Miner breaks through traditional barriers and realizes XRP direct payment mining contracts, eliminating exchange costs and complex settings, and releasing the maximum value of held assets.

    DRML Miner App Feature Highlights

    ✅ One-click cloud computing: no need to purchase mining machines, no need to deploy, the system runs automatically

    ✅ Daily visual income: income is settled daily, historical data is transparent and traceable

    ✅ Global multi-language support: built-in English, French, Spanish and other multi-language systems, suitable for users in multiple countries

    ✅ Green data center network: connects clean energy mines in Eastern Europe, North America, Australia and other regions, environmentally friendly and sustainable

    How to start mining XRP? On the DRML Miner website

    1. Register – Sign up to get a $10 welcome bonus, plus a $0.60 daily login bonus
    2. Choose a contract – Use your bonus to activate a plan, or choose a plan that suits your goals
    3. Start mining – DRML Miner handles the process and automatically credits rewards

      Click here to explore more contract options.

    $10 Contract – 1 Day – Earn $0.60 per day

    $100 Contract – 2 Days – Earn $3.50 per day

    $500 Contract – 5 Days – Earn $6.50 per day

    $5,000 Contract – 30 Days – Earn $77.50 per day

    $8,000 Contract – 40 Days – Earn $132 per day

    $50,000 Contract – 50 Days – Earn $975 per day

    Users can track income, renew or withdraw income at any time through the App. The operation is simple and intuitive, and the experience is comparable to financial-level financial management applications.

    Build a professional, safe and continuous passive income system

    At a time when global macro uncertainty is increasing, building a continuous and volatile digital income channel has become a key strategy for investors. DRML Miner is a computing power platform based on real mining machines, transparent contracts, and green energy, which is providing a stable and reliable asset appreciation path for more and more XRP holders.

    About DRML Miner

    Since its founding in 2018, DRML Miner has been on a mission to redefine the cryptocurrency mining industry. In the past, mining often required specialized knowledge, expensive hardware, and low electricity costs. DRML Miner eliminates these barriers, making it easy for anyone to mine XRP, BTC, SOL, or DOGE without a complicated learning curve or high initial investment fees.

    For the average user, DRML Miner provides a real and viable way to help them grow their cryptocurrency assets, earn passive income, and invest more confidently in volatile markets.

    Explore the new future of XRP mining. Please visit: https://https://drmlminers.com

    The MIL Network –

    July 15, 2025
  • MIL-OSI: XRP Price Surges in Surprise Rebound with Help from DRML Miner

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 14, 2025 (GLOBE NEWSWIRE) —

    A new era for XRP holders has begun! If you are interested in cryptocurrency mining, DRML Miner is a platform worth paying attention to. It provides high-yield and zero-hassle cloud mining services, allowing you to easily participate in the cryptocurrency mining process without having to purchase and maintain mining machines yourself.

    Why choose DRML Miner?

    High yield: The platform promises to provide competitive yields, giving you more potential returns on your investment.

    Zero hassle: No need to deal with complicated hardware and software setup, you can easily start mining with one click.

    Professional support: DRML Miner provides professional customer support to answer your questions at any time.

    Safe and reliable: The platform adopts advanced security measures to ensure the safety of users’ funds and information.

    Why choose to use XRP to participate in cloud mining?

    XRP has the advantages of fast confirmation, low handling fees, and strong liquidity, making it an ideal asset for mining investment. Cloud mining allows ordinary users to easily participate and obtain daily income.

    Through the DRML Miner platform, users can directly use XRP to purchase cloud computing contracts without configuring equipment or performing tedious operations. With just a few simple steps, you can convert your XRP into daily stable income, realizing the true “asset generation asset”.

    How to join?

    Register an account: Visit the DRML Miner official website, fill in the registration information, and create your account.

    Choose a plan: Choose a suitable mining package according to your needs and start investing.

    Start mining: Once you purchase a package, you can start earning income without further action.

    Click here to explore more contract options.

    $10 contract – 1 day – earn $0.6 per day

    $100 contract – 2 days – earn $3.50 per day

    $500 contract – 5 days – earn $6.50 per day

    $5,000 contract – 30 days – earn $77.50 per day

    $8,000 contract – 40 days – earn $132 per day

    $50,000 contract – 50 days – earn $975 per day

    After the contract is launched, the system will automatically distribute the mining income to your account balance every day, and support withdrawal or reinvestment at any time
    Ripple (XRP) has become a mainstream currency favored by global crypto asset investors due to its high-speed transaction characteristics and wide range of enterprise applications. In the process of pursuing asset appreciation, more and more XRP holders are no longer satisfied with simply holding the currency and waiting for appreciation, but have turned their attention to the efficient passive income tool – cloud mining. Explore the new future of XRP mining. Please visit: https://https://drmlminers.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Free Cloud Mining Revolution: BAY Miner Launches App for Effortless Bitcoin and Dogecoin Mining

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 14, 2025 (GLOBE NEWSWIRE) — In an audacious attempt to democratize crypto mining, BAY Miner has created a groundbreaking mobile application to mine Bitcoin (BTC) and Dogecoin (DOGE) which requires no investment or even technical proficiency. By using BAY Miner clients don’t need to purchase hardware, worry about utility bills, or know about bloques. 

    Even if you are a beginner or a long-time lover of crypto, BAY Miner allows anyone with a smartphone to participate in the crypto economy instantly.

    Designed for Everyone: Zero Hardware, Zero Cost

    Sequential mining is demanding on resources, very costly, and requires significant technical development and sophistication. BAY Miner fixes all of that. With the power of cloud computing infrastructure, anyone can mine the top cryptocurrencies today without any hardware or payments upfront.

    Users can download the BAY Miner app, set up an account and then start mining crypto with a single tap of a finger. There’s no need to buy a mining rig, install software and run convoluted systems to collect rewards. The enthusiast or novice will only need to tap their phone or touch their screen and let the cloud system do the rest.

    It simply takes any anxiety out of the mining experience, which will be great for anyone who wanted to mine cryptocurrencies but were overwhelmed by the complexity and costs involved!

    Free Bitcoin and Dogecoin Mining on the Go

    BAY Miner is first and foremost an accessible miner. The app works on Android and iOS devices, so users can mine coins wherever they are, whenever they want.

    The drawback is that after registering, users will receive free mining contracts that will generate passive crypto income every day, without them lifting a finger. Once the app is launched it operates quietly in the background, generating mined coins on secure cloud servers in real time. Therefore, whilst you will not be mining them directly, you will earn the income based on how much you keep it running for.

    Users can easily see how they are doing with their mining performance from an easy to read dashboard which tracks mining speeds, income earned, referral incomes and withdrawal history.

    Passive Income Made Simple

    BAY Miner’s platform is designed with passive income in mind. You don’t have to stay online 24/7. There is no need to babysit your dashboard or troubleshoot server issues. Once the app is set to your liking, it runs on Auto-pilot, so users can focus on other things while their crypto assets grow in the background.

    Rewards are paid daily with an option to withdraw, when certain minimum thresholds are met. Payouts are processed quickly and sent straight to your external crypto wallet.

    Powerful Referral System for Extra Earnings

    To increase earning potential, BAY Miner has launched an incredibly valuable referral program. Each user is assigned a unique invite code to share with friends, family, or social followers.

    When a new sign up comes through your referral, you receive a percentage of their mining rewards – for life. This referral model drives virality in our user base, and provides a quality advantage for early users to grow their crypto income through compounding.

    This program is a perfect example for influencers, content creators, and crypto lovers looking to diversify their passive income sources.

    Built with Security and Transparency in Mind

    In crypto, security is everything, and BAY Miner doesn’t cut corners. The app’s advanced end-to-end encryption, two-factor authentication (2FA), and anti-fraud protocols secure user data and funds. 

    In addition to these foundational safety measures, all mining activity and transaction activity within the app is clear and visible for users, allowing users to have full visibility into asset generation and management. 

    The transparency element offered by the company fulfills trust and ensures that users are encountering honest habits and earning their earnings securely. 

    Why Bitcoin and Dogecoin?

    Bitcoin, the first cryptocurrency, is still the most popular and valuable digital currency in all the market. Mining Bitcoin has long-term reliability and great earning potential. However, Dogecoin offers faster block times and lower transaction fees, making it great for quicker mining rewards.

    By focusing on both, BAY Miner gives users a diversified entry point into the crypto space. You’re not limited to one coin—you can benefit from both the strength of BTC and the speed of DOGE.

    User-Centric Interface for Maximum Engagement

    We designed the BAY Miner app with the user experience in mind. It has a clean, simple, and intuitive interface. Whether you want to check your rewards, adjust your settings, or prepare to share your referral code, everything can be accessed in a few taps.

    A variety of features, like push notifications, daily mining updates, and real-time statistics, allow users to stay engaged and informed as they move through their mining experience. Even without experience in cryptocurrency, new users will find the app simple to use and easy to navigate.

    A Global Solution for the Future of Finance

    BAY Miner isn’t just a mining application – it’s a movement. As digital finance becomes commonplace, BAY Miner gives everyday people the opportunity to participate in the crypto economy with no financial risk.  

    Whether that’s students or freelancers, remote workers or retirees – if you have a smartphone, you can now create cryptocurrency and discover new ways to earn in the digital age.  

    This democratization of mining is what makes BAY Miner different. The founders of the project believe crypto shouldn’t be only for tech-savvy investors or large institutional applications – it should be for everyone.

    How to Start Earning Passive Crypto Income with BAY Miner

    1. Download the BAY Miner app

    Visit www.bayminer.com or download the BAY Miner mobile app through the official link.

    2. Register an account using your email

    Quick registration with just your email, no need to upload your ID or authenticate.

    3. Activate your free initial cloud mining contract

    After successful registration, the system will automatically assign you a free mining contract to start earning money immediately.

    4. No equipment required, mine BTC, ETH or XRP immediately

    The phone is the mining machine, no equipment, configuration or technical background is required.

    5. View earnings in real time, and the system automatically settles daily

    View your daily income in real time through the income panel, and the system settles every 24 hours.

    6. Reinvest or withdraw freely as needed

    When the balance reaches $100, you can withdraw to your preferred wallet or reinvest to accelerate the growth of crypto wallet earnings..

    Final Thoughts

    BAY Miner is revolutionizing the future of cloud mining. With a free, safe and user-friendly platform that allows people to mine Bitcoin and Dogecoin hassle-free, they are helping millions of users access the best way to earn wealth in cryptocurrency while not spending a penny.

    Whether you are new to cryptocurrency or looking to add additional streams of income on your journey, BAY Miner provides the best tools to succeed in the decentralized economy of the future.

    Media Contact:
    BAY Miner Communications Team
    info@bayminer.com
    https://bayminer.com

    Click here to download the mobile app now

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Attachment

    The MIL Network –

    July 15, 2025
  • MIL-OSI Canada: Better safeguards, transparency for homebuyers

    Source: Government of Canada regional news

    People buying a home will soon be better protected by new rules and regulations for the mortgage services industry.

    “Buying a home is often one of the biggest financial decisions people make in their lifetimes, and it’s important that they have peace of mind,” said Brenda Bailey, Minister of Finance. “The new framework for the Mortgage Services Act raises standards across the mortgage industry, improves accountability and helps protect both home buyers and lenders, while supporting efforts to crack down on money laundering.”

    The Mortgage Services Act and its newly approved regulations respond to recommendations of the Commission of Inquiry into Money Laundering in British Columbia (the Cullen commission). In 2022, the commission identified gaps and vulnerabilities in the regulation of mortgage brokering. The new act expands regulatory requirements and provides the BC Financial Services Authority (BSFSA) with enhanced tools to regulate the industry, such as tools to investigate, license and set standards of conduct.

    This means homebuyers can be confident that they are getting fair, safe and transparent mortgage advice.

    The act, introduced in November 2022, replaces the Mortgage Brokers Act, put in place in 1972. Although it has been amended several times, it has not kept pace with the changes in the financial-services market and evolving standards for consumer protection and anti-money-laundering initiatives.

    “The mortgage market has changed dramatically in the 50 years since the Mortgage Brokers Act was passed,” said Tolga Yalkin, CEO and chief statutory officer, BCFSA. “It is larger, more complex and operates at a much faster pace. The Mortgage Services Act will reflect the realities of today’s market to address current risks and will be adaptable to address emerging ones to ensure we can better protect everyone involved.”

    The framework for the Mortgage Services Act sets out more explicit requirements for mortgage brokers to provide homebuyers with honest, transparent advice so that they are not unknowingly entering into risky or unfair mortgage agreements.

    It also protects the housing market by deterring criminals from using real estate to launder money by increasing oversight, making suspicious transactions easier to detect and investigate. Brokers will also be required to follow tighter anti-money-laundering rules.

    New mortgage services rules set out four categories of licensing:  

    • dealing in mortgages;
    • trading in mortgages;
    • administering mortgages; and
    • mortgage lending.

    “Mortgage Professionals Canada is supportive of the overhaul of the regulatory framework for mortgage brokers, the first significant change in 50 years,” said Lauren van den Berg, president and CEO, Mortgage Professionals Canada. “We, as an industry, are in strong support of enhancing consumer protection and combating fraud in the real-estate sector, including income-document fraud and money laundering. This has been one of our top advocacy issues not just in British Columbia, but at a national level.”

    Recent approval of a regulatory framework for the new Mortgage Services Act brings it into force in fall 2026, providing the industry and regulator with a 14-month period to prepare. The Province and BCFSA are working together to achieve a smooth transition to the new rules, ensuring industry workers have time to learn about the changes.

    “CMBA-BC supports the principles of consumer protection and a strong, professional mortgage-broker industry in British Columbia,” said Rebecca Casey, president, Canadian Mortgage Brokers Association – BC (CMBA-BC). “We look forward to reviewing the final details of the new Mortgage Services Act’s rules and regulations, and emphasize the importance of modernizing the regulatory framework to reflect today’s housing and lending environment. We are committed to working collaboratively with BCFSA and the provincial government to ensure the implementation of the act supports mortgage brokers in helping British Columbians achieve their homeownership goals.”

    Information about the transition, including support provided by BCFSA and action required from mortgage brokers, is available on BCFSA’s Mortgage Services Act webpage, linked below.

    Quick Facts:

    • The Province’s introduction of the Mortgage Services Act in November 2022 is a key response to the Cullen commission recommendations.
    • The Mortgage Services Act aligns closely with other financial services legislation in B.C., including the Real Estate Services Act, allowing for efficient regulation and encouraging responsible business conduct.
    • There are more than 7,000 registered mortgage brokers and sub-mortgage brokers in B.C.

    Learn More:

    To learn more about transition process to the Mortgage Services Act, visit:
    https://www.bcfsa.ca/industry-resources/mortgage-broker-resources/mortgage-services-act  

    To read the Cullen commission final report, visit:
    https://cullencommission.ca/files/reports/CullenCommission-FinalReport-Full.pdf

    MIL OSI Canada News –

    July 15, 2025
  • MIL-OSI: BitMart Research—Pump.fun’s Pricey Token Launch Raises Doubts About Its Market Lead

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 14, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a critical analysis of Pump.fun’s recent token launch, spotlighting growing investor skepticism surrounding the platform’s $4 billion valuation. Once the undisputed leader in Solana’s meme token launch sector, Pump.fun is now facing mounting pressure from rising competitors and weakening user sentiment. The newly launched PUMP token—offering no governance, utility, or fee-sharing—has sparked controversy over its long-term viability, especially given its fully unlocked $1.32 billion fundraising tranche. With questions about token economics, platform alignment, and market timing, the report explores whether Pump.fun’s dominance is slipping in the face of a rapidly evolving competitive landscape.

    1.Pump.fun Launches Token at $4B Valuation, Faces Market Skepticism

    On July 9, Pump.fun announced the launch of its platform token PUMP, with a total supply of 1 trillion tokens and 33% allocated for fundraising at $0.004 each. This gives the project a $4 billion valuation, with all fundraising tokens unlocked at launch, creating a potential $1.32 billion in immediate sell pressure. As of July 11, the token traded around $0.0051, roughly 22% above the sale price.

    The launch comes amid weak market sentiment and shrinking on-chain liquidity. Though Pump.fun has long dominated the Solana meme token launch space, its revenue, user activity, and market share have declined, while competitors like letsbonk.fun have gained ground.

    Critics argue the token lacks real utility or governance rights, and fear the launch is more of a liquidity exit than a long-term plan. The team’s history of selling platform fees instead of supporting the community has only deepened concerns.
    Since January 2024, Pump.fun has earned $670M in revenue, once holding over 40% market share. However, letsbonk.fun briefly overtook it, showing that Pump.fun’s dominance is no longer secure. While it has since regained the lead, the competitive landscape and high-risk token model have raised doubts about its future sustainability.

    Data Source:Dune

    2. PUMP Tokenomics Overview

    • 33% – Public sale (Initial Token Offering)
    • 24% – Community and ecosystem initiatives
    • 20% – Team allocation
    • 13% – Existing investors
    • 3% – Airdrop (Live campaigns)
    • 2.6% – Liquidity and exchange listings
    • 2.4% – Ecosystem fund
    • 2% – Foundation

    PUMP Token Details

    Token Sale Overview:
    33% of the total token supply will be sold during the token offering, with 18% allocated to a private round for institutional investors and 15% to a public sale conducted across six centralized exchanges. Both rounds are priced at $0.004 per token, implying a fully diluted valuation of $4 billion. All tokens from the sale will be fully unlocked on the day of listing.

    Sale Timeline

    • Start time is July 12, 2025 at 14:00 UTC
    • End time is July 15, 2025 at 14:00 UTC or when tokens are sold out, whichever comes first
    • Tokens will be distributed within 48 to 72 hours after the sale ends
    • Tokens will become transferable within 48 to 72 hours after distribution

    Participation Requirements

    • KYC verification is required
    • Residents of the United States, United Kingdom, and other restricted jurisdictions are not allowed to participate

    Token Utility

    • PUMP is the native token of the Pump.fun platform
    • Its only purpose is to promote the Pump.fun ecosystem
    • It does not provide any ownership, revenue sharing, voting rights, or platform fee benefits
    • Funds raised will be used for platform operations and to pay service providers

    Data Source: Pump.fun

    3. Competitor Analysis

    24H DataSource: Jupiter

    Pump.fun still holds a leading position in terms of market share and trading activity. However, this dominance is being eroded by the rapid rise of competitors like letsbonk.fun. More critically, Pump.fun faces structural weaknesses in its tokenomics. The platform’s native token, PUMP, has no built-in economic rights — it offers no ownership, revenue sharing, governance rights, or fee rebates. The team has made it clear that PUMP’s only function is to promote the platform. As such, the token lacks intrinsic value and is essentially a “narrative-only” asset, which makes it difficult to incentivize long-term holding or establish strong alignment between users and the platform.

    In contrast, letsbonk.fun has a more robust and value-aligned token model. Although BONK also lacks ownership rights, it integrates deflationary and liquidity mechanisms that support price and holding incentives. Specifically, 35% of the platform’s 1% transaction fee is used to buy back and burn BONK, while 30% is injected into BONK liquidity pools — boosting market depth through an automated market-making loop. These features enhance token utility and long-term appeal.

    Other competitors, such as Jupiter Studio, are also building more comprehensive token value loops. The JUP token not only enables community governance but also offers staking rewards tied to platform incentives, forming a basic “governance-to-yield” relationship. Compared to PUMP’s hollow design, tokens like BONK and JUP demonstrate stronger user alignment and longer-term competitiveness through better utility and economic structure.

    4. Summary

    Pump.fun’s token launch faces strong market scrutiny amid a weak altcoin environment and its recent struggles. Key risks include:

    1. Although Pump.fun has been a market leader, competitors like letsbonk.fun have recently overtaken it. Despite this, Pump.fun values its token at $4 billion, much higher than letsbonk’s $2 billion, causing doubts about whether the price is fair.
    2. The PUMP token lacks real economic benefits such as governance, profit sharing, or fee returns. It mainly relies on brand hype, which means users have little incentive to hold long-term. Many see this as a way for the team to cash out, not build the platform.
    3. Even though Bitcoin has risen recently, the altcoin market is still tight on liquidity with no clear positive changes. Investors are cautious about high-value tokens with heavy selling pressure. Without strong support, PUMP risks price drops after launch.
    4. The public sale is very large at $600 million, much bigger than usual. Most buyers will get tokens in this primary sale, leaving little buying interest on secondary markets. Since 33% of tokens (about $1.3 billion) unlock immediately, early investors might sell quickly, causing sharp price drops and liquidity problems.

    In short, while Pump.fun still has brand strength, the tough market, weak token design, and big selling pressure create high risks. The future of PUMP depends on whether the team can build a stronger token value and regain market trust after the initial pressure.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Risk Warning:

    The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: BitMart Launches the 4th Futures King Trading Tournament: Ride the Wind and Unlock Rewards from a 252,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 14, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global cryptocurrency exchange, is excited to introduce the 4th Futures King Trading Tournament, available from July 11 to August 8, 2025 (UTC). Users can explore multiple opportunities to unlock a share of 252,000 USDT in rewards, along with exclusive access to Xiaomi YU7, iPhone 16 Pro Max, VIP experience card, and more.

    Explore Tiered Trading Rewards

    BitMart has designed this campaign to reward users who actively engage in futures trading through volume-based and ROI-based recognition mechanisms. Participants can access daily, weekly, and monthly reward pools based on their trading activity.

    Mystery Box (50,000 USDT Pool)

    Reach a cumulative futures trading volume of 10,000 USDT to receive one opportunity to draw from the mystery box pool. Rewards include:

    • Xiaomi YU7 (credited as 35,264 USDT equivalent)
    • iPhone 16 Pro Max (1TB) (1,599 USDT equivalent)
    • 3,000 BMX, BitMart merchandise, VIP cards, and trading bonuses

    Trading Activity Recognition

    Users who meet the following criteria may qualify for futures trading bonuses based on transparent ranking systems:

    • Daily Volume ≥ 30,000 USDT — Up to 300 USDT in daily bonuses
    • Weekly Volume ≥ 100,000 USDT — Weekly bonuses up to 2,400 USDT
    • Monthly Volume ≥ 200,000 USDT — Monthly bonuses up to 15,680 USDT
    • Monthly ROI Ranking — Positive ROI traders with ≥10,000 USDT in volume may access bonuses up to 6,720 USDT

    Exclusive VIP Tier Bonus

    Users who achieve their first VIP tier upgrade via futures trading during the campaign can unlock:

    • VIP 1–3: 100 USDT bonus
    • VIP 4–6: 200 USDT bonus

    How to Join

    This campaign is available to eligible BitMart users who register during the event period and accept the terms and conditions. Please note that users from restricted regions, including the United States, Mainland China, and other sanctioned jurisdictions, are not permitted to participate.

    Campaign Period: July 11 – August 8, 2025 (UTC)
    More Details & Registration: https://www.bitmart.com/futuresking-tradingtournament-07

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer: Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: BitMart Launches the 4th Futures King Trading Tournament: Ride the Wind and Unlock Rewards from a 252,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 14, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global cryptocurrency exchange, is excited to introduce the 4th Futures King Trading Tournament, available from July 11 to August 8, 2025 (UTC). Users can explore multiple opportunities to unlock a share of 252,000 USDT in rewards, along with exclusive access to Xiaomi YU7, iPhone 16 Pro Max, VIP experience card, and more.

    Explore Tiered Trading Rewards

    BitMart has designed this campaign to reward users who actively engage in futures trading through volume-based and ROI-based recognition mechanisms. Participants can access daily, weekly, and monthly reward pools based on their trading activity.

    Mystery Box (50,000 USDT Pool)

    Reach a cumulative futures trading volume of 10,000 USDT to receive one opportunity to draw from the mystery box pool. Rewards include:

    • Xiaomi YU7 (credited as 35,264 USDT equivalent)
    • iPhone 16 Pro Max (1TB) (1,599 USDT equivalent)
    • 3,000 BMX, BitMart merchandise, VIP cards, and trading bonuses

    Trading Activity Recognition

    Users who meet the following criteria may qualify for futures trading bonuses based on transparent ranking systems:

    • Daily Volume ≥ 30,000 USDT — Up to 300 USDT in daily bonuses
    • Weekly Volume ≥ 100,000 USDT — Weekly bonuses up to 2,400 USDT
    • Monthly Volume ≥ 200,000 USDT — Monthly bonuses up to 15,680 USDT
    • Monthly ROI Ranking — Positive ROI traders with ≥10,000 USDT in volume may access bonuses up to 6,720 USDT

    Exclusive VIP Tier Bonus

    Users who achieve their first VIP tier upgrade via futures trading during the campaign can unlock:

    • VIP 1–3: 100 USDT bonus
    • VIP 4–6: 200 USDT bonus

    How to Join

    This campaign is available to eligible BitMart users who register during the event period and accept the terms and conditions. Please note that users from restricted regions, including the United States, Mainland China, and other sanctioned jurisdictions, are not permitted to participate.

    Campaign Period: July 11 – August 8, 2025 (UTC)
    More Details & Registration: https://www.bitmart.com/futuresking-tradingtournament-07

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer: Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: NeosLegal Authors UAE Chapter of Chambers and Partners’ Newly Released Blockchain 2025 Guide

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 14, 2025 (GLOBE NEWSWIRE) — NeosLegal, the UAE’s first crypto-native law firm, has been selected to author the United Arab Emirates chapter of the Chambers and Partners Blockchain 2025 – Global Practice Guide, marking a significant milestone for the region’s legal and digital asset landscape.

    Published on 12 June 2025, the Blockchain 2025 Guide provides comparative legal insight across 30 key jurisdictions, with the UAE chapter offering the first authoritative, comprehensive analysis of federal and free-zone laws related to blockchain, crypto, and virtual asset service providers (VASPs) in the country.

    The UAE chapter, authored by NeosLegal, outlines pathways to regulatory licensing under VARA (Dubai), ADGM (Abu Dhabi), DIFC, and SCA, as well as legal frameworks for token classification, AML compliance, enforcement trends, and emerging sectors like RWA tokenization and Web3-AI convergence.

    “We are delighted to partner with Chambers and Partners to author a deep dive into the UAE’s blockchain and virtual asset laws and regulations. I have personally relied on their expertise for 22 years and I’m now honored and excited to contribute to this collective body of knowledge.” – Irina Heaver, Founder, NeosLegal.

    Key Highlights of the UAE Chapter:

    • Clear Licensing Pathways for VASPs under VARA, ADGM, DIFC and SCA
    • Tokenization Frameworks for Utility, Payment, Security Tokens, Stablecoins, and RWAs
    • Compliance Roadmaps including Travel Rule, AML/CFT, and enforcement statistics
    • Emerging Trends in DeFi, DAO governance, and Web3-AI integrations

    With over 300 digital asset projects structured to date, NeosLegal’s deep experience brings much-needed clarity to stakeholders exploring regulated market entry into the UAE’s fast-evolving crypto landscape.

    The UAE chapter is available at Chambers Global Practice Guides – https://neoslegal.co/uae-dubai-vasp-licensing/

    About NeosLegal
    Founded in 2016, NeosLegal is the UAE’s first crypto-native law firm, providing regulatory and strategic counsel to founders, funds, and platforms across the blockchain and Web3 ecosystem. The firm specializes in VASP licensing, token launches, DAO structuring, RWA tokenization, and tax strategies under VARA, ADGM, DIFC and SCA regimes.

    For more information or for media inquiries and interviews, please contact:
    Katerina Pyshko
    katerina.pyshko@neoslegal.co

    Disclaimer: This content is provided by NeosLegal. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1955113b-369f-47d4-aa28-579117a1fdb4

    The MIL Network –

    July 15, 2025
  • MIL-OSI: NeosLegal Authors UAE Chapter of Chambers and Partners’ Newly Released Blockchain 2025 Guide

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 14, 2025 (GLOBE NEWSWIRE) — NeosLegal, the UAE’s first crypto-native law firm, has been selected to author the United Arab Emirates chapter of the Chambers and Partners Blockchain 2025 – Global Practice Guide, marking a significant milestone for the region’s legal and digital asset landscape.

    Published on 12 June 2025, the Blockchain 2025 Guide provides comparative legal insight across 30 key jurisdictions, with the UAE chapter offering the first authoritative, comprehensive analysis of federal and free-zone laws related to blockchain, crypto, and virtual asset service providers (VASPs) in the country.

    The UAE chapter, authored by NeosLegal, outlines pathways to regulatory licensing under VARA (Dubai), ADGM (Abu Dhabi), DIFC, and SCA, as well as legal frameworks for token classification, AML compliance, enforcement trends, and emerging sectors like RWA tokenization and Web3-AI convergence.

    “We are delighted to partner with Chambers and Partners to author a deep dive into the UAE’s blockchain and virtual asset laws and regulations. I have personally relied on their expertise for 22 years and I’m now honored and excited to contribute to this collective body of knowledge.” – Irina Heaver, Founder, NeosLegal.

    Key Highlights of the UAE Chapter:

    • Clear Licensing Pathways for VASPs under VARA, ADGM, DIFC and SCA
    • Tokenization Frameworks for Utility, Payment, Security Tokens, Stablecoins, and RWAs
    • Compliance Roadmaps including Travel Rule, AML/CFT, and enforcement statistics
    • Emerging Trends in DeFi, DAO governance, and Web3-AI integrations

    With over 300 digital asset projects structured to date, NeosLegal’s deep experience brings much-needed clarity to stakeholders exploring regulated market entry into the UAE’s fast-evolving crypto landscape.

    The UAE chapter is available at Chambers Global Practice Guides – https://neoslegal.co/uae-dubai-vasp-licensing/

    About NeosLegal
    Founded in 2016, NeosLegal is the UAE’s first crypto-native law firm, providing regulatory and strategic counsel to founders, funds, and platforms across the blockchain and Web3 ecosystem. The firm specializes in VASP licensing, token launches, DAO structuring, RWA tokenization, and tax strategies under VARA, ADGM, DIFC and SCA regimes.

    For more information or for media inquiries and interviews, please contact:
    Katerina Pyshko
    katerina.pyshko@neoslegal.co

    Disclaimer: This content is provided by NeosLegal. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1955113b-369f-47d4-aa28-579117a1fdb4

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Constellation Software Inc. Announces Release Date for Second Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 14, 2025 (GLOBE NEWSWIRE) — Constellation Software Inc. (TSX:CSU) announced today it intends to release its second quarter results on August 8, 2025.

    The Company’s quarterly results will be disseminated via press release and made available on the Company’s website (www.csisoftware.com) and the SEDAR website (www.sedarplus.ca), after markets close on Friday, August 8, 2025. As outlined in Constellation’s press release on February 23, 2018, Constellation has ceased holding conference calls to discuss the Company’s quarterly financial results. In lieu of the quarterly calls the Company has created a link on its website where shareholders can submit questions to management. Periodically the Company will publish responses to selected questions received. The Company believes this Q&A facility will eventually prove to be a more effective tool than the conference calls because it will be searchable and will provide an archive of all previous responses.

    The Company’s goal in establishing this policy is to allow all investors ongoing access to information disclosed about Constellation’s strategy, operations, and ongoing business plans.

    Website link: https://www.csisoftware.com/investor-relations/shareholder-q-and-a

    About Constellation Software Inc.
    Constellation Software acquires, manages and builds vertical market software businesses.

    Contact:

    Jamal Baksh
    Chief Financial Officer
    416-861-9677

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Constellation Software Inc. Announces Release Date for Second Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 14, 2025 (GLOBE NEWSWIRE) — Constellation Software Inc. (TSX:CSU) announced today it intends to release its second quarter results on August 8, 2025.

    The Company’s quarterly results will be disseminated via press release and made available on the Company’s website (www.csisoftware.com) and the SEDAR website (www.sedarplus.ca), after markets close on Friday, August 8, 2025. As outlined in Constellation’s press release on February 23, 2018, Constellation has ceased holding conference calls to discuss the Company’s quarterly financial results. In lieu of the quarterly calls the Company has created a link on its website where shareholders can submit questions to management. Periodically the Company will publish responses to selected questions received. The Company believes this Q&A facility will eventually prove to be a more effective tool than the conference calls because it will be searchable and will provide an archive of all previous responses.

    The Company’s goal in establishing this policy is to allow all investors ongoing access to information disclosed about Constellation’s strategy, operations, and ongoing business plans.

    Website link: https://www.csisoftware.com/investor-relations/shareholder-q-and-a

    About Constellation Software Inc.
    Constellation Software acquires, manages and builds vertical market software businesses.

    Contact:

    Jamal Baksh
    Chief Financial Officer
    416-861-9677

    The MIL Network –

    July 15, 2025
  • MIL-OSI USA: Joint Statement from Senators Graham and Blumenthal

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham

    WASHINGTON – U.S. Senators Lindsey Graham (R-South Carolina) and Richard Blumenthal (D-Connecticut) today made this joint statement after President Trump made a series of announcements regarding the Russia-Ukraine war, including his intention to impose secondary tariffs on Russia if they do not agree to a ceasefire in the next 50 days.

    Graham and Blumenthal have introduced the Sanctioning Russia Act of 2025, which would impose secondary tariffs and sanctions on countries that continue to fund Putin’s barbaric war in Ukraine. Their legislation has 85 cosponsors in the Senate.

    “President Trump and his team have made a powerful move, implementing a new approach to end this bloodbath between Russia and Ukraine.

    “Selling American-manufactured weapons to NATO – that will be used by Ukraine to defend themselves – is smart military policy and will enormously benefit the U.S. economy. Not only will these weapons be made in America, creating jobs for Americans, but they also will be purchased by the Europeans. This is a win-win scenario.

    “However, the ultimate hammer to bring about the end of this war will be tariffs against countries, like China, India and Brazil, that prop up Putin’s war machine by purchasing cheap Russian oil and gas. President Trump’s decision to announce the implementation of 100 percent secondary tariffs on countries that buy Russian oil and gas if a peace agreement is not reached in the next 50 days is a real executive hammer to drive the parties to the negotiating table. The goal is not more tariffs and sanctions – the goal is to entice Putin to come to the peace table. 

    “It is long overdue for the financial backers of Russia’s atrocities in Ukraine to pay a price for buying cheap energy products and marking it up in order to benefit their economies. The days of doing this without consequences are coming to an end.

    “Finally, as President Trump indicated, we will join our colleagues in continuing to work with the White House on our bipartisan Russia sanctions legislation that would implement up to 500 percent tariffs on countries that buy Russian oil and gas, and do not help Ukraine. The congressional legislation authorizing tariffs and sanctions would truly be a sledgehammer for President Trump to end this war, and it will allow for maximum flexibility to achieve that end. The benefit of our approach is that it blends congressional authorization of tariffs and sanctions with flexibility for presidential implementation, making it rock solid legally and politically.

    “This bill has 85 cosponsors in the Senate and it would pass incredibly quickly. We will continue to work with my colleagues in the House and Senate, and with the Trump team to have this legislation ready to go at a moment’s notice.

    “The combination of more American-made, European-purchased weapons for Ukraine and tariffs on the financial backers of Putin’s brutal war has changed the game. We sincerely believe President Trump has set in motion a new approach that has the highest likelihood yet of ending this bloodbath in the right way.”

    MIL OSI USA News –

    July 15, 2025
  • MIL-OSI New Zealand: Refocusing local government to deliver for Kiwis

    Source: New Zealand Government

    The Government’s plan to refocus councils on core services, such as roading, core infrastructure, water, and rubbish, has taken a major step forward with the introduction of the Local Government (System Improvements) Amendment Bill to Parliament.

    Local Government Minister Simon Watts says the Bill will help restore discipline, transparency and performance across the sector, to the benefit of ratepayers.

    “Kiwis are frustrated with rising rates, expanding bureaucracy, and poor value for money. This Bill puts councils back to work on the basics, their core services, so ratepayers see real results for what they pay.”

    The Bill is part of the Government’s System Improvements programme, first announced by the Prime Minister in August 2024, and responds directly to public frustration over deteriorating infrastructure, rising rates, and lack of financial focus.

    Key reforms in the Bill include: 

    • A renewed focus on core services in the statutory purpose of local government by removing the four ‘well-beings’
    • A requirement to prioritise core services when managing finances and setting rates
    • New financial performance measures for councils, with a requirement for regular public reporting
    • Mandatory disclosure of contractor and consultant spending
    • Stronger transparency and accountability requirements
    • Regulatory relief to reduce unnecessary compliance burdens

    “Local government has drifted from their core responsibilities. This Bill draws a line in the sand – focus on the essentials and deliver value for your community,” Mr Watts says.

    “This refocusing of our councils will help to deliver better value for money, and ultimately help with addressing the number one issue people are dealing with right now, which is cost of living. 

    “I have made it clear that the Government will not support new taxes and revenue tools for local authorities at a time when we believe there is scope for improvement in the value for money New Zealanders receive in return for their rates. 

    “To that end, we are working at pace on a rates cap model, and I look forward to providing an update later this year.”

    Mr Watts says the Bill is another major milestone in a significant period for local government reform.

    Other key developments this week include the second reading of the Local Government (Water Services) Bill, and Ministerial attendance at the Local Government New Zealand conference, where Mr Watts will outline the vision for local government.  

    In recent weeks, Mr Watts announced the first City and Regional Deal agreements which will boost local investment and development in three regions, and the establishment of the first water services entity, Selwyn Water Ltd. 

    “These changes show we’re not just talking about reform – we’re delivering it. Stronger accountability, clear priorities, better infrastructure delivery – these are central to our vision for local government,” Mr Watts says.

    The Government intends to pass the System Improvements Bill, the Local Government (Water Services) Bill, and have the first regional deal in place by the end of 2025. 

    MIL OSI New Zealand News –

    July 15, 2025
  • MIL-OSI USA: ICYMI: Energy Secretary: The World Needs More Reliable American Energy

    Source: US Department of Energy

    The Economist

    July 14, 2025

    “Climate change is a by-product of progress, not an existential crisis, says Trump’s energy czar”

    By Chris Wright, Secretary of Energy

    Nearly every aspect of modern life depends upon energy. It fuels opportunity, lifts people out of poverty and saves lives. That is why, as a lifelong energy entrepreneur and as US Secretary of Energy, I am honoured to advance President Donald Trump’s policy of bettering lives through unleashing a golden age of energy dominance—both at home and around the world.

    Over the past two centuries, two forces dramatically transformed the human condition: the rise of bottom-up social organisation—human liberty—and the explosion in the supply of affordable energy. The result has been a doubling in life expectancy. In the same period, extreme poverty has plummeted from affecting 90% of the world’s population to under 10%. Energy and human liberty matter.

    The world needs more energy—in particular, more American energy. The growth of American energy production is a win for our citizens, for our geopolitical standing and for our allies. We need energy that is affordable, reliable and secure.
    This administration is focused on energy addition, not subtraction—a complete reversal from the previous four years. By the time President Trump took office, American energy had become more uncertain, more expensive and less reliable. One in five American households were struggling to pay their energy bills. Half of the electric grid faced the risk of blackouts.

    In the name of a single risk—climate change—the Biden administration launched a regulatory assault aimed at eliminating hydrocarbons in favour of so-called renewables.
    . . .
    Was this damage at least offset by progress with Joe Biden’s promise to green the economy? In short, no. Hydrocarbons made up 82% of American primary energy consumption in 2024, nearly the same as in 2019. Hydrocarbons are proving extremely difficult to replace.

    Urgent, politically charged proclamations to alter national energy systems have consistently proven disastrous. In Europe, as well as in America under President Biden, climate zealotry has overtaken energy reality. The result is crushingly high energy prices, deindustrialisation and diminished life opportunities for citizens.

    . . .

    America is taking a different path—one focused on growth. We are expanding our supply of reliable energy, delivering more secure energy to Americans more cheaply. This approach enables the reshoring and domestic expansion of energy-intensive manufacturing: steel, semiconductors, fertiliser, cement and more. And it is positioning America to lead the next major energy-intensive frontier: artificial intelligence (AI).

    AI transforms electricity into the most valuable output imaginable: intelligence. The country that wins the global race for AI leadership will shape the future of innovation, economic productivity and national defence. Dominating AI will require not only world-class scientific expertise, but enormous, continuous amounts of power.
    . . .
    We are accelerating the production of all baseload resources—coal, nuclear, geothermal and, of course, natural gas. Natural gas alone supplies over 40% of American electricity and 25% of global primary energy. It heats more American homes than any other fuel, anchors the booming petrochemical industry and remains the dominant source of industrial heat for manufacturing.

    We will treat climate change as what it is: not an existential crisis but a real, physical phenomenon that is a byproduct of progress. Yes, atmospheric CO2 has increased over time—but so has life expectancy. Billions of people have been lifted out of poverty. Modern medicine, telecommunications and global transportation became possible. I am willing to take the modest negative trade-off for this legacy of human advancement.

    The world stands at an energy crossroads and it is time to choose. Do we want an energy policy of exclusion and scarcity that shackles humanity and limits economic potential? Or do we want a policy of inclusion and abundance, bursting all limits to growth and opportunity?

    America has made its choice in favour of more energy, more manufacturing and more economic activity. We invite others to do the same.

    Read the full article here.

    MIL OSI USA News –

    July 15, 2025
  • MIL-OSI USA: Malliotakis, Suozzi Introduce Bipartisan Legislation to Expand Housing Opportunities

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, DC) – Congresswoman Nicole Malliotakis (NY-11) and Congressman Tom Suozzi (NY-03) introduced bipartisan legislation that would direct the eventual proceeds from the release of Fannie Mae and Freddie Mac into a housing revolving loan fund aimed at expanding homeownership and rental opportunities for middle-class and working families.

     

    Fannie Mae and Freddie Mac have been under federal conservatorship since the 2008 financial crisis. President Trump has proposed releasing both entities from conservatorship to return them to the private market, allowing shareholders to regain the value of their investments.

     

    The legislation introduced by Representatives Malliotakis and Suozzi would build on this proposal by creating a housing revolving loan fund. Proceeds from the release of Fannie Mae and Freddie Mac would be directed to this fund, which would provide states with resources to issue loans for the construction of new owner-occupied or rental housing, or to rehabilitate existing housing. The goal is to expand homeownership and rental opportunities for middle-class and working families while allowing them to benefit from the value generated by the sale of shares. Estimates of the projected federal proceeds would be $250 billion according to Housing for US. 

     

    “I join Rep. Suozzi in introducing bipartisan legislation that, should Fannie Mae and Freddie Mac be released from conservatorship, would assign the proceeds toward a new housing revolving loan fund to expand homeownership and rental opportunities for working- and middle-class Americans including police officers, firefighters, teachers, carpenters, and tilers who often earn too much to qualify for affordable housing but not enough to afford market rates. This is a chance to deliver critical assistance to hardworking Americans,” said Rep. Malliotakis.

     

    “We have a once-in-a-generation chance to tackle America’s housing crisis while creating good-paying, union jobs for working families,” Rep. Suozzi said. “The housing crisis is crushing the American Dream — young people, carpenters, cops, teachers, nurses, first responders, and middle-class families are being priced out of homeownership. This isn’t a red state or blue state issue — every community is feeling it. And that’s why I’m proud to introduce this legislation with my fellow New Yorker from across the aisle. When we work together, we can get things done.”

    MIL OSI USA News –

    July 15, 2025
  • MIL-OSI: AI Mining Revolutionizes Ripple’s XRP, PFMCrypto Launches Smart Mining Contracts for Smarter Crypto Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 14, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
    Explore the PFMCrypto website or download the app today.

    XRP Cloud Mining Is Here—Simple, Smart, and Rewarding
    Traditionally known for its role in cross-border payments and institutional finance, XRP now enters a new chapter with PFMCrypto’s latest innovation: easy-to-use cloud mining. Users can mine XRP directly or leverage PFMCrypto’s intelligent AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, USDC, and more—for optimized returns. All earnings are paid out daily in your chosen cryptocurrency, providing reliable income regardless of market fluctuations.
    Designed for both everyday users and professional investors, this platform empowers users to generate consistent crypto earnings from anywhere, at any time.

    Key Features of PFMCrypto’s XRP Cloud Mining Contracts
    –  Full XRP Integration: Deposit, purchase, mine, and withdraw XRP directly within the platform.
    –  Multi-Coin Mining Support: Mine and receive earnings in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
    –  AI Revenue Optimization: Proprietary algorithms automatically allocate mining power to the top-performing assets to maximize returns.
    –  100% Remote Access: No mining equipment needed—fully accessible via the PFMCrypto mobile app or browser.
    –  Capital Protection: All contracts include full principal return upon maturity, reducing risk while growing crypto assets.

    Mining Contracts for Every Budget and Strategy:
    PFMCrypto offers a broad range of mining contracts that support XRP-based deposits and withdrawals. Each contract is crafted for flexibility, predictable income, and effective risk management:
    $10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
    $100 Contract – 2 Days – Earn $3.00 daily + $2 reward
    $500 Contract – 5 Days – Earn $6.15 daily
    $5,000 Contract – 30 Days – Earn $78.50 daily
    $20,000 Contract – 45 Days – Earn $380.00 daily
    Whether you’re testing the waters or building a long-term portfolio, PFMCrypto provides low-risk, high-transparency contracts that deliver stable daily income in XRP.
    Click here to explore more XRP cloud contracts.

    Why PFMCrypto’s XRP Mining Stands Out?
    –  Accessible to Everyone: No mining rigs, no setup, no complexity—just tap and earn.
    –  XRP-Native Integration: Deposit, mine, and withdraw XRP in one seamless ecosystem.
    –  Stable Returns, Smart Allocation: An AI-powered engine dynamically adjusts mining strategies to maximize rewards and ensure daily income across all supported coins.
    –  Multi-Asset Flexibility: Mine XRP directly or diversify earnings into other top digital assets—all with one contract.
    –  Instant Setup, Global Access: Mine from anywhere using your phone or browser—securely and remotely.

    Get Started Today in 3 Easy Steps:
    1.  Sign Up – Create your account and receive a $10 welcome bonus
    2.  Choose a Plan – Select a short- or long-term contract (1–60 days available)
    3.  Start Earning – Track daily profits and withdraw in the token of your choice

    Start mining XRP now at: https://pfmcrypto.net 
    Or download the PFMCrypto mobile app (available for iOS & Android).

    XRP Mining for a Digital Future
    Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.
    “XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
    Markets may shift—but daily mining income can remain steady.

    Join the XRP mining revolution today at: https://pfmcrypto.net

    The MIL Network –

    July 15, 2025
  • MIL-OSI: AI Mining Revolutionizes Ripple’s XRP, PFMCrypto Launches Smart Mining Contracts for Smarter Crypto Rewards

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 14, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
    Explore the PFMCrypto website or download the app today.

    XRP Cloud Mining Is Here—Simple, Smart, and Rewarding
    Traditionally known for its role in cross-border payments and institutional finance, XRP now enters a new chapter with PFMCrypto’s latest innovation: easy-to-use cloud mining. Users can mine XRP directly or leverage PFMCrypto’s intelligent AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, USDC, and more—for optimized returns. All earnings are paid out daily in your chosen cryptocurrency, providing reliable income regardless of market fluctuations.
    Designed for both everyday users and professional investors, this platform empowers users to generate consistent crypto earnings from anywhere, at any time.

    Key Features of PFMCrypto’s XRP Cloud Mining Contracts
    –  Full XRP Integration: Deposit, purchase, mine, and withdraw XRP directly within the platform.
    –  Multi-Coin Mining Support: Mine and receive earnings in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
    –  AI Revenue Optimization: Proprietary algorithms automatically allocate mining power to the top-performing assets to maximize returns.
    –  100% Remote Access: No mining equipment needed—fully accessible via the PFMCrypto mobile app or browser.
    –  Capital Protection: All contracts include full principal return upon maturity, reducing risk while growing crypto assets.

    Mining Contracts for Every Budget and Strategy:
    PFMCrypto offers a broad range of mining contracts that support XRP-based deposits and withdrawals. Each contract is crafted for flexibility, predictable income, and effective risk management:
    $10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
    $100 Contract – 2 Days – Earn $3.00 daily + $2 reward
    $500 Contract – 5 Days – Earn $6.15 daily
    $5,000 Contract – 30 Days – Earn $78.50 daily
    $20,000 Contract – 45 Days – Earn $380.00 daily
    Whether you’re testing the waters or building a long-term portfolio, PFMCrypto provides low-risk, high-transparency contracts that deliver stable daily income in XRP.
    Click here to explore more XRP cloud contracts.

    Why PFMCrypto’s XRP Mining Stands Out?
    –  Accessible to Everyone: No mining rigs, no setup, no complexity—just tap and earn.
    –  XRP-Native Integration: Deposit, mine, and withdraw XRP in one seamless ecosystem.
    –  Stable Returns, Smart Allocation: An AI-powered engine dynamically adjusts mining strategies to maximize rewards and ensure daily income across all supported coins.
    –  Multi-Asset Flexibility: Mine XRP directly or diversify earnings into other top digital assets—all with one contract.
    –  Instant Setup, Global Access: Mine from anywhere using your phone or browser—securely and remotely.

    Get Started Today in 3 Easy Steps:
    1.  Sign Up – Create your account and receive a $10 welcome bonus
    2.  Choose a Plan – Select a short- or long-term contract (1–60 days available)
    3.  Start Earning – Track daily profits and withdraw in the token of your choice

    Start mining XRP now at: https://pfmcrypto.net 
    Or download the PFMCrypto mobile app (available for iOS & Android).

    XRP Mining for a Digital Future
    Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.
    “XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
    Markets may shift—but daily mining income can remain steady.

    Join the XRP mining revolution today at: https://pfmcrypto.net

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Marex Group plc to Announce Second Quarter 2025 Results on August 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) — Marex Group plc (NASDAQ: MRX), the diversified global financial services platform, today announced that it will release its fiscal 2025 second quarter results before the markets open on Wednesday, August 13. The earnings release and supplementary materials will be available through the “Investors” section of the Marex website at https://ir.marex.com/.

    A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://edge.media-server.com/mmc/p/gyie6oed

    About Marex:
    Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 40 offices worldwide, the Group has over 2,400 employees across Europe, Asia and the Americas. For more information visit www.marex.com.

    Enquiries please contact:
    Marex
    Nicola Ratchford / Adam Strachan
    +44 778 654 8889 / +1 914 200 2508
    nratchford@marex.com / astrachan@marex.com

    FTI Consulting US / UK
    +1 716 525 7239 / +44 797 687 0961
    marex@fticonsulting.com

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Dime Community Bancshares to Release Earnings on July 24, 2025    

    Source: GlobeNewswire (MIL-OSI)

    HAUPPAUGE, N.Y., July 14, 2025 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company”) today announced that the Company expects to release its earnings for the quarter ended June 30, 2025 before the open of the U.S. equity markets on Thursday, July 24, 2025. The Company will conduct a conference call at 8:30 a.m. (ET) on Thursday, July 24, 2025, during which President and Chief Executive Officer (“CEO”), Stuart Lubow, will discuss the Company’s second quarter financial performance. There will be a question-and-answer period after the CEO remarks.

    Participants may access the conference call via webcast using this link: Webcast Link Here. To participate via telephone, please register in advance using this Registration Link. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time.

    A replay of the conference call and webcast will be available on-demand which will be available for 12 months.

    ABOUT DIME COMMUNITY BANCSHARES, INC.

    Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1).

    (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

    FORWARD-LOOKING STATEMENTS
    Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Dime Community Bancshares to Release Earnings on July 24, 2025    

    Source: GlobeNewswire (MIL-OSI)

    HAUPPAUGE, N.Y., July 14, 2025 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company”) today announced that the Company expects to release its earnings for the quarter ended June 30, 2025 before the open of the U.S. equity markets on Thursday, July 24, 2025. The Company will conduct a conference call at 8:30 a.m. (ET) on Thursday, July 24, 2025, during which President and Chief Executive Officer (“CEO”), Stuart Lubow, will discuss the Company’s second quarter financial performance. There will be a question-and-answer period after the CEO remarks.

    Participants may access the conference call via webcast using this link: Webcast Link Here. To participate via telephone, please register in advance using this Registration Link. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time.

    A replay of the conference call and webcast will be available on-demand which will be available for 12 months.

    ABOUT DIME COMMUNITY BANCSHARES, INC.

    Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1).

    (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

    FORWARD-LOOKING STATEMENTS
    Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Rivalry Reports Q1 2025 Results Highlighting Strengthened Unit Economics, Operating Leverage, and Strategic Progress

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 14, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, today announced financial results for the three-month period ended March 31, 2025 (“Q1 2025”). All dollar figures are quoted in Canadian dollars unless otherwise noted.

    Q1 2025 was the first full quarter operating under Rivalry’s restructured model, following a company-wide transformation that began in Q4 2024. This included a strategic shift toward high-value users, deep cost rationalization, significant product upgrades, and tighter execution across every layer of the business. The result is a streamlined, modernized operating model with materially improved performance and long-term leverage.

    “This quarter marks the full emergence of Rivalry 2.0 – leaner, sharper, and structurally stronger,” said Steven Salz, Co-Founder and CEO of Rivalry. “We’ve rebuilt the foundation of the business around high-efficiency acquisition, high-value users, and a proprietary product – and we’re already seeing the impact. Rivalry today is not just a leaner version of itself – it’s a fundamentally different company built for scalability.”

    Key Highlights

    • Net revenue of $1.3 million, consistent with the preliminary results announced on April 16, 2025. While temporary sportsbook margin variance impacted topline outcomes, underlying KPIs continued to improve and validate the strength of Rivalry’s rebuilt model.
    • Operating expenses decreased 58% year-over-year to $4 million in Q1 2025, down from $9.6 million in Q1 2024.
    • Net loss reduced by 43% to $3.0 million in Q1 2025 from $5.2 million in the prior-year quarter.
    • A meaningful portion of Q1 expenses were non-recurring or non-operational in nature, including annual audit costs, regulatory fees, and legacy payables from prior periods. The Company’s adjusted marketing spend during the quarter was approximately $175,000, materially lower than the reported figure due to these factors.
    • Average Customer Acquisition Cost payback across H1 2025 was approximately 1.5 months, reflecting improved funnel conversion, higher player value, and stronger retention – all achieved under constrained spend conditions.
    • Q2 2025 set new all-time records across key user economics1:
      • Net revenue per player increased 49% versus Q1 2025, and was 210% higher than the historical average prior to the Q4 2024 transformation.
      • Wagers per player rose 7% quarter-over-quarter, and nearly 300% above the pre-rebuild average.
      • Average monthly deposits per player in Q1 2025 were over 175% higher than the historical average. In Q2 2025, this increased a further 28%.
      • Monthly deposit frequency per player in Q1 2025 was up 115% over the historical average, and rose another 22% in Q2 2025.
    • Ongoing improvements in VIP identification, segmentation, and servicing, driven by Rivalry’s proprietary Business Intelligence (“BI”) tools and Customer Relationship Management (“CRM”) infrastructure, further contributed to gains in deposit behavior and overall player value.

    These improvements reflect the effectiveness of Rivalry’s strategic overhaul – including product modernization, in-house BI tooling, optimized segmentation, and CRM systems that support higher-value customer behavior and lifecycle retention.

    Streamlined Operations

    Rivalry’s breakeven net revenue is now approximately $600,000 USD per month, down from more than $2 million USD per month a year ago, based on current run rate operating expenses, with further cost optimizations planned in Q3 2025. The rebuilt business is operating on a structurally lower fixed-cost base with proven user economics and performance-ready infrastructure.

    “We’ve created an operating model that is not only lean and disciplined, but also high-leverage,” Salz added. “This is a structurally better business than it was a year ago. The team is tighter, the product is stronger, and the KPIs are outperforming – all with limited capital deployment. The engine is rebuilt.”

    Strategic Review & Outlook

    Rivalry is actively exploring strategic alternatives aimed at maximizing shareholder value. As part of this ongoing process, the Company is also evaluating non-dilutive capital options as part of broader strategic initiatives to accelerate growth. These are intended to complement the broader review and enable Rivalry to fully capitalize on the performance capacity of its rebuilt model.

    As the Company progresses into H2 2025, key initiatives include:

    • Deployment of a new promo engine, enabling more dynamic and cost-efficient bonus structures.
    • Casino-led engagement mechanics, including lootboxes, missions, and summer campaigns to drive offseason activation.
    • Geographic reactivations and enhanced CRM, focused on high-value player segmentation and deeper lifecycle engagement.
    • Further operating cost reductions in Q3 2025, aimed at lowering the breakeven point and increasing flexibility.

    Rivalry’s transformation over the past three quarters has positioned the business with a distinct set of structural advantages: a deeply aligned and experienced team, proprietary technology and BI systems, strong regulatory licenses in Ontario and the Isle of Man, and a globally recognized brand with demonstrated reach. These strengths now form the basis of a highly scalable and differentiated operator in the global online gambling market.

    “Rivalry today is a high-performance engine – structurally rebuilt, road-tested, and positioned to scale,” said Salz. “We’re focused on unlocking the next chapter of growth, and the strategic review process is designed to support that path.”

    About Rivalry

    Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

    Company Contact:
    Steven Salz, Co-founder & CEO
    ss@rivalry.com

    Investor Contact:
    investors@rivalry.com

    Financial Outlook

    This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for key user economics for the three month period ending June 30, 2025 and may not be appropriate for any other purpose. Preliminary and unaudited financial results are subject to customary financial statement procedures. Actual results could be affected by subsequent events or determinations. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Cautionary Note Regarding Forward-Looking Information and Statements”. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Cautionary Note Regarding Forward- Looking Information and Statements”, it should not be relied on as necessarily indicative of future results.

    Cautionary Note Regarding Forward-Looking Information and Statements

    This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, the impact of the Company’s strategic overhaul across its cost base, product, player strategy, and operational structure on its operating results, key user economics for the three months ending June 30, 2025 and the results of the Company’s ongoing strategic review.

    Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the 12 months ended December 31, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    _________________________
    1 These preliminary user economics represent forward-looking information. See “Cautionary Note Regarding Forward-Looking Information and Statements” and “Financial Outlook”.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: Rivalry Reports Q1 2025 Results Highlighting Strengthened Unit Economics, Operating Leverage, and Strategic Progress

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 14, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, today announced financial results for the three-month period ended March 31, 2025 (“Q1 2025”). All dollar figures are quoted in Canadian dollars unless otherwise noted.

    Q1 2025 was the first full quarter operating under Rivalry’s restructured model, following a company-wide transformation that began in Q4 2024. This included a strategic shift toward high-value users, deep cost rationalization, significant product upgrades, and tighter execution across every layer of the business. The result is a streamlined, modernized operating model with materially improved performance and long-term leverage.

    “This quarter marks the full emergence of Rivalry 2.0 – leaner, sharper, and structurally stronger,” said Steven Salz, Co-Founder and CEO of Rivalry. “We’ve rebuilt the foundation of the business around high-efficiency acquisition, high-value users, and a proprietary product – and we’re already seeing the impact. Rivalry today is not just a leaner version of itself – it’s a fundamentally different company built for scalability.”

    Key Highlights

    • Net revenue of $1.3 million, consistent with the preliminary results announced on April 16, 2025. While temporary sportsbook margin variance impacted topline outcomes, underlying KPIs continued to improve and validate the strength of Rivalry’s rebuilt model.
    • Operating expenses decreased 58% year-over-year to $4 million in Q1 2025, down from $9.6 million in Q1 2024.
    • Net loss reduced by 43% to $3.0 million in Q1 2025 from $5.2 million in the prior-year quarter.
    • A meaningful portion of Q1 expenses were non-recurring or non-operational in nature, including annual audit costs, regulatory fees, and legacy payables from prior periods. The Company’s adjusted marketing spend during the quarter was approximately $175,000, materially lower than the reported figure due to these factors.
    • Average Customer Acquisition Cost payback across H1 2025 was approximately 1.5 months, reflecting improved funnel conversion, higher player value, and stronger retention – all achieved under constrained spend conditions.
    • Q2 2025 set new all-time records across key user economics1:
      • Net revenue per player increased 49% versus Q1 2025, and was 210% higher than the historical average prior to the Q4 2024 transformation.
      • Wagers per player rose 7% quarter-over-quarter, and nearly 300% above the pre-rebuild average.
      • Average monthly deposits per player in Q1 2025 were over 175% higher than the historical average. In Q2 2025, this increased a further 28%.
      • Monthly deposit frequency per player in Q1 2025 was up 115% over the historical average, and rose another 22% in Q2 2025.
    • Ongoing improvements in VIP identification, segmentation, and servicing, driven by Rivalry’s proprietary Business Intelligence (“BI”) tools and Customer Relationship Management (“CRM”) infrastructure, further contributed to gains in deposit behavior and overall player value.

    These improvements reflect the effectiveness of Rivalry’s strategic overhaul – including product modernization, in-house BI tooling, optimized segmentation, and CRM systems that support higher-value customer behavior and lifecycle retention.

    Streamlined Operations

    Rivalry’s breakeven net revenue is now approximately $600,000 USD per month, down from more than $2 million USD per month a year ago, based on current run rate operating expenses, with further cost optimizations planned in Q3 2025. The rebuilt business is operating on a structurally lower fixed-cost base with proven user economics and performance-ready infrastructure.

    “We’ve created an operating model that is not only lean and disciplined, but also high-leverage,” Salz added. “This is a structurally better business than it was a year ago. The team is tighter, the product is stronger, and the KPIs are outperforming – all with limited capital deployment. The engine is rebuilt.”

    Strategic Review & Outlook

    Rivalry is actively exploring strategic alternatives aimed at maximizing shareholder value. As part of this ongoing process, the Company is also evaluating non-dilutive capital options as part of broader strategic initiatives to accelerate growth. These are intended to complement the broader review and enable Rivalry to fully capitalize on the performance capacity of its rebuilt model.

    As the Company progresses into H2 2025, key initiatives include:

    • Deployment of a new promo engine, enabling more dynamic and cost-efficient bonus structures.
    • Casino-led engagement mechanics, including lootboxes, missions, and summer campaigns to drive offseason activation.
    • Geographic reactivations and enhanced CRM, focused on high-value player segmentation and deeper lifecycle engagement.
    • Further operating cost reductions in Q3 2025, aimed at lowering the breakeven point and increasing flexibility.

    Rivalry’s transformation over the past three quarters has positioned the business with a distinct set of structural advantages: a deeply aligned and experienced team, proprietary technology and BI systems, strong regulatory licenses in Ontario and the Isle of Man, and a globally recognized brand with demonstrated reach. These strengths now form the basis of a highly scalable and differentiated operator in the global online gambling market.

    “Rivalry today is a high-performance engine – structurally rebuilt, road-tested, and positioned to scale,” said Salz. “We’re focused on unlocking the next chapter of growth, and the strategic review process is designed to support that path.”

    About Rivalry

    Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

    Company Contact:
    Steven Salz, Co-founder & CEO
    ss@rivalry.com

    Investor Contact:
    investors@rivalry.com

    Financial Outlook

    This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for key user economics for the three month period ending June 30, 2025 and may not be appropriate for any other purpose. Preliminary and unaudited financial results are subject to customary financial statement procedures. Actual results could be affected by subsequent events or determinations. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Cautionary Note Regarding Forward-Looking Information and Statements”. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Cautionary Note Regarding Forward- Looking Information and Statements”, it should not be relied on as necessarily indicative of future results.

    Cautionary Note Regarding Forward-Looking Information and Statements

    This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, the impact of the Company’s strategic overhaul across its cost base, product, player strategy, and operational structure on its operating results, key user economics for the three months ending June 30, 2025 and the results of the Company’s ongoing strategic review.

    Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the 12 months ended December 31, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    _________________________
    1 These preliminary user economics represent forward-looking information. See “Cautionary Note Regarding Forward-Looking Information and Statements” and “Financial Outlook”.

    The MIL Network –

    July 15, 2025
  • MIL-OSI: PrairieSky Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) —

    PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2025.

    Second Quarter Highlights:

    • Record oil royalty production of 14,376 barrels per day, an 8% increase over Q2 2024(1). Total royalty production averaged 26,457 BOE per day, a 4% increase over Q2 2024.
    • Revenues totaled $123.6 million for Q2 2025(1) comprised of royalty production revenue of $111.2 million and other revenue of $12.4 million, including bonus consideration of $8.5 million earned on entering into 47 new leasing arrangements primarily focused on the Duvernay light oil play.
    • Funds from operations totaled $96.7 million or $0.41 per share, a decrease of 9% from Q2 2024  as record oil royalty production volumes, narrowed heavy and light oil price differentials and a weaker Canadian dollar were offset by lower benchmark US$ WTI pricing.
    • Declared a second quarter dividend of $61.2 million ($0.26 per share), representing a payout ratio of 63%.
    • Purchased and cancelled 84,020 common shares under the Company’s normal course issuer bid (“NCIB”) for $2.0 million. 
    • Completed acquisitions for $6.5 million, primarily of non-producing gross overriding royalty interests targeting Mannville oil.
    • Net debt totaled $242.0 million as at June 30, 2025, a decrease of $16.8 million from March 31, 2025.
     

    President’s Message

    Oil royalty production volumes reached a record 14,376 barrels per day in Q2 2025, an 8% increase over Q2 2024, bringing year-to-date oil royalty production to 13,941 barrels per day. We continue to see growth in our heavy oil portfolio with the Clearwater and Mannville Stack(2) approaching 25% of oil royalty production as third-party operators continue to execute on their drilling programs in these plays. Multilateral horizontal drilling reached a record 52% of spuds (61 wells) in the quarter which included 47 wells in the Clearwater. Year-to-date activity has been particularly strong in the Duvernay with 30 wells spud compared to 33 spud in all of 2024. We expect to see initial royalty production from multiple Duvernay wells in the West Shale Basin(2) in the third quarter and this level of third-party activity to continue to drive annual oil royalty production growth.

    Funds from operations totaled $96.7 million ($0.41 per share) in the quarter driven by strong royalty production volumes of 26,457 BOE per day which generated royalty revenue of $111.2 million, 93% attributed to oil and NGL. Oil royalty production revenue totaled $95.7 million, a 14% decrease from Q2 2024, with lower US$ WTI benchmark pricing offsetting record oil royalty production volumes of 14,376 barrels per day, narrowed light and heavy oil differentials and a weaker Canadian dollar. Natural gas royalty production volumes averaged 58.4 MMcf per day in the quarter, earning $7.9 million in royalty revenue which represented an 80% increase over Q2 2024. The increase in natural gas royalty production revenue was primarily due to improved benchmark pricing with daily AECO index pricing averaging $1.69 per Mcf in the quarter, an increase of 43% over Q2 2024. NGL royalty production averaged 2,348 barrels per day, an increase of 2% from Q2 2024 and generated total NGL royalty production revenue of $7.6 million in the quarter. It was a strong quarter for other revenues which totaled $12.4 million, including bonus consideration of $8.5 million earned on entering into 47 new leases with 37 separate counterparties.

    PrairieSky declared a dividend of $0.26 per share or $61.2 million in the quarter with a resulting payout ratio of 63%. Excess funds from operations after payment of the dividend were allocated to the acquisition of $6.5 million of incremental royalty interests focused on non-producing gross overriding royalty interests targeting Mannville heavy oil targets and share repurchases. The NCIB remains an important part of our long-term capital allocation strategy to create value for shareholders. During the quarter, 84,020 common shares were repurchased and cancelled with an incremental $11.0 million(3) allocated to share repurchases to be settled subsequent to June 30, 2025. PrairieSky exited the quarter with net debt of $242.0 million at June 30, 2025. Subsequent to Q2 2025, PrairieSky exercised the accordion feature of its unsecured, covenant-based credit facility with the existing syndicate of Canadian banks, increasing the commitment of lenders by $250 million, bringing the aggregate credit limit available to PrairieSky to $600 million. There were no other amendments made to the credit facility. The expanded facility provides increased liquidity and financial flexibility moving forward.

    Thank you to our staff for their hard work in the quarter and our shareholders for their continued support.

    Andrew Phillips, President & CEO

    ACTIVITY ON PRAIRIESKY’S ROYALTY PROPERTIES

    Third-party operators spud 117 wells on PrairieSky’s royalty acreage at an average royalty rate of 4.8%, as compared to the 115 wells spud in Q2 2024 at an average royalty rate of 6.6%. Drilling activity generally slows in the second quarter across the Western Canadian Sedimentary Basin as a result of spring break-up. Spuds were comprised of 74 wells on gross overriding royalty acreage, 33 wells on fee lands and 10 unit wells. There were a total of 113 oil wells (97% of wells) spud during the quarter which included 47 Clearwater wells, 17 Mannville light and heavy oil wells, 13 Duvernay wells, 11 Viking wells, 11 Mississippian wells and 14 additional oil wells across Alberta and Saskatchewan. There were 3 Mannville natural gas wells and 1 Duvernay natural gas well spud in Q2 2025.

    NOTES AND REFERENCES

    (1) In this press release, the financial reporting periods are referred to as follows: “Q2 2025”, “the quarter” or the “the second quarter” refers to the three months ended June 30, 2025; “Q2 2024” refers to the three months ended June 30, 2024.
    (2) For further details on the “Mannville Stack” and “West Shale Basin”, we refer you to PrairieSky’s most recent Corporate Presentation contained on PrairieSky’s website at www.prairiesky.com.
    (3) Included in accounts payable and accrued liabilities at June 30, 2025 is $11.0 million related to common share repurchases of which $1.0 million related to common share repurchases that were pending settlement at June 30, 2025 and the remaining $10.0 million related to a provision for share repurchases under the Company’s automatic share purchase plan with an independent broker.
       

    Unless otherwise indicated or the context otherwise requires, terms used in this press release but not defined above are as defined in in the Company’s Annual Information Form for the year ended December 31, 2024 which is available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

    FINANCIAL AND OPERATIONAL INFORMATION

    The following table summarizes select operational and financial information of the Company for the periods noted. All dollar amounts are stated in Canadian dollars unless otherwise noted.

    A full version of PrairieSky’s management’s discussion and analysis (“MD&A”) and unaudited interim condensed consolidated financial statements and notes thereto for the fiscal period ended June 30, 2025 are available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

      Three months ended Six months ended
      June 30   March 31 June 30 June 30 June 30
    ($ millions, except $ per share or as otherwise noted) 2025   2025 2024 2025 2024
    FINANCIAL                    
    Royalty production revenue 111.2   119.9   125.5   231.1   238.7  
    Other revenue 12.4   8.2   10.1   20.6   17.6  
    Revenues 123.6   128.1   135.6   251.7   256.3  
                         
    Funds from operations 96.7   85.8   106.1   182.5   189.1  
    Per share – basic and diluted(1) 0.41   0.36   0.44   0.77   0.79  
                         
    Net earnings 56.3   58.4   60.3   114.7   107.8  
    Per share – basic and diluted(1) 0.24   0.25   0.25   0.48   0.45  
                         
    Dividends declared(2) 61.2   61.2   59.7   122.4   119.4  
    Per share 0.26   0.26   0.25   0.52   0.50  
                         
    Dividend payout ratio(3) 63%   71%   56%   67%   63%  
                         
    Acquisitions(4) 6.5   63.6   12.3   70.1   21.1  
    Net debt(5) 242.0   258.8   174.6   242.0   174.6  
    Common share repurchases, inclusive of all costs 2.0   91.8   –   93.8   –  
                         
    Shares outstanding (millions)                    
    Shares outstanding at period end 235.5   235.5   239.0   235.5   239.0  
    Weighted average – basic and diluted 235.5   238.3   239.0   236.9   239.0  
                         
    OPERATIONAL                    
    Royalty production volumes                    
    Crude oil (bbls/d) 14,376   13,502   13,312   13,941   13,227  
    NGL (bbls/d) 2,348   2,520   2,308   2,433   2,421  
    Natural gas (MMcf/d) 58.4   55.9   58.2   57.1   60.1  
    Royalty Production (BOE/d)(6) 26,457   25,339   25,320   25,891   25,665  
                         
    Realized pricing                    
    Crude oil ($/bbl) 73.16   83.16   91.75   77.98   84.51  
    NGL ($/bbl) 35.47   44.51   47.20   40.13   45.62  
    Natural gas ($/Mcf) 1.50   1.73   0.84   1.61   1.38  
    Total ($/BOE)(6) 46.19   52.58   54.47   49.31   51.10  
                         
    Operating netback per BOE ($)(7) 43.04   42.85   51.39   42.95   45.43  
                         
    Funds from operations per BOE ($) 40.16   37.62   46.05   38.94   40.48  
                         
    Oil price benchmarks                    
    West Texas Intermediate (WTI) (US$/bbl) 63.76   71.39   80.57   67.59   78.76  
    Edmonton light sweet ($/bbl) 84.24   95.20   105.16   89.78   98.66  
    Western Canadian Select (WCS) crude oil differential to WTI (US$/bbl) (10.27 ) (12.67 ) (13.60 ) (11.47 ) (16.47 )
                         
    Natural gas price benchmarks                    
    AECO Monthly Index ($/Mcf) 2.07   2.02   1.44   2.05   1.74  
    AECO Daily Index ($/Mcf) 1.69   2.16   1.18   1.93   1.84  
                         
    Foreign exchange rate (US$/CAD$) 0.7228   0.6976   0.7315   0.7096   0.7364  
    (1) Funds from operations and net earnings per share are calculated using the weighted average number of basic and diluted common shares outstanding.
    (2) A dividend of $0.26 per share was declared on June 3, 2025. The dividend will be paid on July 15, 2025 to shareholders of record as at June 30, 2025.
    (3) Dividend payout ratio is defined under the “Non-GAAP Measures and Ratios” section of this press release.
    (4) Excluding right-of-use asset additions.
    (5) See Note 12 “Capital Management” in the interim condensed consolidated financial statements for the three and six months ended June 30, 2025 and 2024 and Note 13 “Capital Management” in the interim condensed consolidated financial statements for the three months ended March 31, 2025 and 2024.
    (6) See “Conversions of Natural Gas to BOE”.
    (7) Operating netback per BOE is defined under the “Non-GAAP Measures and Ratios” section of this press release.
       

    CONFERENCE CALL DETAILS

    A conference call to discuss the results will be held for the investment community on Tuesday, July 15, 2025, beginning at 6:30 a.m. MST (8:30 a.m. EST). To participate in the conference call, you are asked to register at one of the links provided below. Details regarding the call will be provided to you upon registration.

    Live call participant registration        
    URL:
      https://register-conf.media-server.com/register/BI4b3e791d098f4a4c844ea1427370d036

    Live webcast participant registration (listen in only)
    URL:  https://edge.media-server.com/mmc/p/5a4q5q2j

    FORWARD-LOOKING STATEMENTS

    This press release includes certain forward-looking information and forward-looking statements (collectively, “forward-looking statements”) which may include, but are not limited to PrairieSky’s future plans, current expectations and views of future operations and contains forward-looking statements that the Company believes allow readers to better understand the Company’s business and prospects. All statements other than statements of historical fact may be forward-looking statements. The use of any of the words “expect”, “expected to”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “could”, “likely”, “believe”, “plans”, “intends”, “strategy” and similar expressions (including negative variations) are intended to identify forward-looking information or statements. Forward-looking statements contained in this press release include, but are not limited to, our expectations with respect to PrairieSky’s business and growth strategy and trajectory, including the expectation of receiving royalty production from multiple royalty interest wells in the West Shale Basin in the third quarter; management’s expectation that the level of third-party activity on PrairieSky’s royalty lands will continue to drive annual royalty production growth; and PrairieSky’s expectations to execute on the NCIB as part of our long-term capital allocation strategy to create value for shareholders.

    With respect to forward-looking statements contained in this press release, PrairieSky has made several assumptions including those described in detail in our MD&A and the Annual Information Form for the year ended December 31, 2024. Readers and investors are cautioned that the assumptions used in the preparation of such forward-looking statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. PrairieSky’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. PrairieSky can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits the Company will derive from them.

    By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond PrairieSky’s control, including but not limited to the impact of general economic conditions including inflation, industry conditions, volatility of commodity prices, lack of or access to sufficient pipeline capacity, currency fluctuations, interest rates, imprecision of reserve estimates, competitive factors impacting royalty rates, environmental risks, taxation, regulation, changes in tax or other legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, political and geopolitical instability, the risks and impacts of tariffs imposed between Canada and the United States (and other countries) or other restrictive trade measures, retaliatory or countermeasures implemented by such governments affecting trade between Canada and the United States (and other countries), including the potential introduction of regulatory barriers to trade and the effect on the demand and/or market price for commodities, inaccurate expectations for industry drilling levels on our royalty lands and the Company’s ability to access sufficient capital from internal and external sources. In addition, PrairieSky is subject to numerous risks and uncertainties in relation to acquisitions. These risks and uncertainties include risks relating to the potential for disputes to arise with counterparties, and limited ability to recover indemnification under certain agreements. The foregoing and other risks, uncertainties and assumptions are described in more detail in PrairieSky’s MD&A and the Annual Information Form for the year ended December 31, 2024 under the headings “Risk Management” and “Risk Factors”, respectively, each of which is available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

    Further, any forward-looking statement is made only as of the date of this press release, and PrairieSky undertakes no obligation to update or revise any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws. New factors emerge from time to time, and it is not possible for PrairieSky to predict all of these factors or to assess, in advance, the impact of each such factor on PrairieSky’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

    CONVERSIONS OF NATURAL GAS TO BOE

    To provide a single unit of production for analytical purposes, natural gas production and reserves volumes are converted mathematically to equivalent barrels of oil (BOE). PrairieSky uses the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). The 6:1 BOE ratio is based on an energy equivalency conversion method primarily applicable at the burner tip. It does not represent a value equivalency at the wellhead and is not based on either energy content or current prices. While the BOE ratio is useful for comparative measures and observing trends, it does not accurately reflect individual product values and might be misleading, particularly if used in isolation. As well, given that the value ratio, based on the current price of crude oil to natural gas, is significantly different from the 6:1 energy equivalency ratio, using a 6:1 conversion ratio may be misleading as an indication of value.

    NON-GAAP MEASURES AND RATIOS

    Certain measures and ratios in this press release do not have any standardized meaning as prescribed by IFRS and, therefore, are considered non-GAAP measures and ratios. These measures and ratios may not be comparable to similar measures and ratios presented by other issuers. These measures and ratios are commonly used in the oil and natural gas industry and by PrairieSky to provide potential investors with additional information regarding the Company’s liquidity and its ability to generate funds to conduct its business. Non-GAAP measures and ratios include operating netback per BOE and dividend payout ratio. Management’s use of these measures and ratios is discussed further below. Further information can be found in the Non-GAAP Measures and Ratios section of PrairieSky’s MD&A for the three and six months ended June 30, 2025 and 2024 and PrairieSky’s MD&A for the three months ended March 31, 2025 and 2024.

    “Operating netback per BOE” represents the cash margin for products sold on a BOE basis. Operating netback per BOE is calculated by dividing the operating netback (royalty production revenue less production and mineral taxes and cash administrative expenses) by the average daily production volumes for the period. Operating netback per BOE is used to assess the cash generating and operating performance per unit of product sold and the comparability of the underlying performance between years. Operating netback per BOE measures are commonly used in the oil and natural gas industry to assess performance comparability. Refer to the Operating Results table starting on page 6 of PrairieSky’s MD&A for the three and six months ended June 30, 2025 and 2024 and page 6 of PrairieSky’s MD&A for the three months ended March 31, 2025 and 2024.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions) 2025 2025 2024 2025 2024
    Cash from operating activities 90.3   90.7   99.3   181.0   179.0  
    Other revenue (12.4 ) (8.2 ) (10.1 ) (20.6 ) (17.6 )
    Amortization of debt issuance costs (0.1 ) (0.1 ) (0.1 ) (0.2 ) (0.2 )
    Finance expense 3.0   2.9   3.5   5.9   7.2  
    Current tax expense 16.5   17.3   19.0   33.8   33.7  
    Interest on lease obligation (0.1 ) –   –   (0.1 ) –  
    Net change in non-cash working capital 6.4   (4.9 ) 6.8   1.5   10.1  
    Operating netback 103.6   97.7   118.4   201.3   212.2  
                         

    “Operating Margin” represents operating netback as a percentage of royalty production revenue. Management uses this measure to demonstrate the comparability between the Company and production and exploration companies in the oil and natural gas industry as it shows net revenue generation from operations.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions) 2025 2025 2024 2025 2024
    Royalty production revenue 111.2 119.9 125.5 231.1 238.7
    Operating netback 103.6 97.7 118.4 201.3 212.2
    Operating margin 93% 81% 94% 87% 89%
               

    “Dividend payout ratio” is calculated as dividends declared as a percentage of funds from operations. Payout ratio is used by dividend paying companies to assess dividend levels in relation to the funds generated and used in operating activities.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions, except otherwise noted) 2025 2025 2024 2025 2024
    Funds from operations 96.7 85.8 106.1 182.5 189.1
    Dividends declared 61.2 61.2 59.7 122.4 119.4
    Dividend payout ratio 63% 71% 56% 67% 63%
               

    ABOUT PRAIRIESKY ROYALTY LTD.

    PrairieSky is a royalty company, generating royalty production revenues as oil and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that represent the largest and most consolidated independently-owned fee simple mineral title position in Canada. PrairieSky’s common shares trade on the Toronto Stock Exchange under the symbol PSK.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Andrew M. Phillips
    President & Chief Executive Officer
    PrairieSky Royalty Ltd.
    (587) 293-4005

    Michael T. Murphy
    Vice-President, Geosciences & Capital Markets
    PrairieSky Royalty Ltd.
    (587) 293-4056

    Investor Relations
    (587) 293-4000
    www.prairiesky.com

    Pamela P. Kazeil
    Senior Vice-President, Finance & Chief Financial
    Officer
    PrairieSky Royalty Ltd.
    (587) 293-4089
       

    PDF available: http://ml.globenewswire.com/Resource/Download/36ee4b7d-4f4e-42d9-a2fb-c3c005d65436

    The MIL Network –

    July 15, 2025
  • MIL-OSI: PrairieSky Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) —

    PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2025.

    Second Quarter Highlights:

    • Record oil royalty production of 14,376 barrels per day, an 8% increase over Q2 2024(1). Total royalty production averaged 26,457 BOE per day, a 4% increase over Q2 2024.
    • Revenues totaled $123.6 million for Q2 2025(1) comprised of royalty production revenue of $111.2 million and other revenue of $12.4 million, including bonus consideration of $8.5 million earned on entering into 47 new leasing arrangements primarily focused on the Duvernay light oil play.
    • Funds from operations totaled $96.7 million or $0.41 per share, a decrease of 9% from Q2 2024  as record oil royalty production volumes, narrowed heavy and light oil price differentials and a weaker Canadian dollar were offset by lower benchmark US$ WTI pricing.
    • Declared a second quarter dividend of $61.2 million ($0.26 per share), representing a payout ratio of 63%.
    • Purchased and cancelled 84,020 common shares under the Company’s normal course issuer bid (“NCIB”) for $2.0 million. 
    • Completed acquisitions for $6.5 million, primarily of non-producing gross overriding royalty interests targeting Mannville oil.
    • Net debt totaled $242.0 million as at June 30, 2025, a decrease of $16.8 million from March 31, 2025.
     

    President’s Message

    Oil royalty production volumes reached a record 14,376 barrels per day in Q2 2025, an 8% increase over Q2 2024, bringing year-to-date oil royalty production to 13,941 barrels per day. We continue to see growth in our heavy oil portfolio with the Clearwater and Mannville Stack(2) approaching 25% of oil royalty production as third-party operators continue to execute on their drilling programs in these plays. Multilateral horizontal drilling reached a record 52% of spuds (61 wells) in the quarter which included 47 wells in the Clearwater. Year-to-date activity has been particularly strong in the Duvernay with 30 wells spud compared to 33 spud in all of 2024. We expect to see initial royalty production from multiple Duvernay wells in the West Shale Basin(2) in the third quarter and this level of third-party activity to continue to drive annual oil royalty production growth.

    Funds from operations totaled $96.7 million ($0.41 per share) in the quarter driven by strong royalty production volumes of 26,457 BOE per day which generated royalty revenue of $111.2 million, 93% attributed to oil and NGL. Oil royalty production revenue totaled $95.7 million, a 14% decrease from Q2 2024, with lower US$ WTI benchmark pricing offsetting record oil royalty production volumes of 14,376 barrels per day, narrowed light and heavy oil differentials and a weaker Canadian dollar. Natural gas royalty production volumes averaged 58.4 MMcf per day in the quarter, earning $7.9 million in royalty revenue which represented an 80% increase over Q2 2024. The increase in natural gas royalty production revenue was primarily due to improved benchmark pricing with daily AECO index pricing averaging $1.69 per Mcf in the quarter, an increase of 43% over Q2 2024. NGL royalty production averaged 2,348 barrels per day, an increase of 2% from Q2 2024 and generated total NGL royalty production revenue of $7.6 million in the quarter. It was a strong quarter for other revenues which totaled $12.4 million, including bonus consideration of $8.5 million earned on entering into 47 new leases with 37 separate counterparties.

    PrairieSky declared a dividend of $0.26 per share or $61.2 million in the quarter with a resulting payout ratio of 63%. Excess funds from operations after payment of the dividend were allocated to the acquisition of $6.5 million of incremental royalty interests focused on non-producing gross overriding royalty interests targeting Mannville heavy oil targets and share repurchases. The NCIB remains an important part of our long-term capital allocation strategy to create value for shareholders. During the quarter, 84,020 common shares were repurchased and cancelled with an incremental $11.0 million(3) allocated to share repurchases to be settled subsequent to June 30, 2025. PrairieSky exited the quarter with net debt of $242.0 million at June 30, 2025. Subsequent to Q2 2025, PrairieSky exercised the accordion feature of its unsecured, covenant-based credit facility with the existing syndicate of Canadian banks, increasing the commitment of lenders by $250 million, bringing the aggregate credit limit available to PrairieSky to $600 million. There were no other amendments made to the credit facility. The expanded facility provides increased liquidity and financial flexibility moving forward.

    Thank you to our staff for their hard work in the quarter and our shareholders for their continued support.

    Andrew Phillips, President & CEO

    ACTIVITY ON PRAIRIESKY’S ROYALTY PROPERTIES

    Third-party operators spud 117 wells on PrairieSky’s royalty acreage at an average royalty rate of 4.8%, as compared to the 115 wells spud in Q2 2024 at an average royalty rate of 6.6%. Drilling activity generally slows in the second quarter across the Western Canadian Sedimentary Basin as a result of spring break-up. Spuds were comprised of 74 wells on gross overriding royalty acreage, 33 wells on fee lands and 10 unit wells. There were a total of 113 oil wells (97% of wells) spud during the quarter which included 47 Clearwater wells, 17 Mannville light and heavy oil wells, 13 Duvernay wells, 11 Viking wells, 11 Mississippian wells and 14 additional oil wells across Alberta and Saskatchewan. There were 3 Mannville natural gas wells and 1 Duvernay natural gas well spud in Q2 2025.

    NOTES AND REFERENCES

    (1) In this press release, the financial reporting periods are referred to as follows: “Q2 2025”, “the quarter” or the “the second quarter” refers to the three months ended June 30, 2025; “Q2 2024” refers to the three months ended June 30, 2024.
    (2) For further details on the “Mannville Stack” and “West Shale Basin”, we refer you to PrairieSky’s most recent Corporate Presentation contained on PrairieSky’s website at www.prairiesky.com.
    (3) Included in accounts payable and accrued liabilities at June 30, 2025 is $11.0 million related to common share repurchases of which $1.0 million related to common share repurchases that were pending settlement at June 30, 2025 and the remaining $10.0 million related to a provision for share repurchases under the Company’s automatic share purchase plan with an independent broker.
       

    Unless otherwise indicated or the context otherwise requires, terms used in this press release but not defined above are as defined in in the Company’s Annual Information Form for the year ended December 31, 2024 which is available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

    FINANCIAL AND OPERATIONAL INFORMATION

    The following table summarizes select operational and financial information of the Company for the periods noted. All dollar amounts are stated in Canadian dollars unless otherwise noted.

    A full version of PrairieSky’s management’s discussion and analysis (“MD&A”) and unaudited interim condensed consolidated financial statements and notes thereto for the fiscal period ended June 30, 2025 are available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

      Three months ended Six months ended
      June 30   March 31 June 30 June 30 June 30
    ($ millions, except $ per share or as otherwise noted) 2025   2025 2024 2025 2024
    FINANCIAL                    
    Royalty production revenue 111.2   119.9   125.5   231.1   238.7  
    Other revenue 12.4   8.2   10.1   20.6   17.6  
    Revenues 123.6   128.1   135.6   251.7   256.3  
                         
    Funds from operations 96.7   85.8   106.1   182.5   189.1  
    Per share – basic and diluted(1) 0.41   0.36   0.44   0.77   0.79  
                         
    Net earnings 56.3   58.4   60.3   114.7   107.8  
    Per share – basic and diluted(1) 0.24   0.25   0.25   0.48   0.45  
                         
    Dividends declared(2) 61.2   61.2   59.7   122.4   119.4  
    Per share 0.26   0.26   0.25   0.52   0.50  
                         
    Dividend payout ratio(3) 63%   71%   56%   67%   63%  
                         
    Acquisitions(4) 6.5   63.6   12.3   70.1   21.1  
    Net debt(5) 242.0   258.8   174.6   242.0   174.6  
    Common share repurchases, inclusive of all costs 2.0   91.8   –   93.8   –  
                         
    Shares outstanding (millions)                    
    Shares outstanding at period end 235.5   235.5   239.0   235.5   239.0  
    Weighted average – basic and diluted 235.5   238.3   239.0   236.9   239.0  
                         
    OPERATIONAL                    
    Royalty production volumes                    
    Crude oil (bbls/d) 14,376   13,502   13,312   13,941   13,227  
    NGL (bbls/d) 2,348   2,520   2,308   2,433   2,421  
    Natural gas (MMcf/d) 58.4   55.9   58.2   57.1   60.1  
    Royalty Production (BOE/d)(6) 26,457   25,339   25,320   25,891   25,665  
                         
    Realized pricing                    
    Crude oil ($/bbl) 73.16   83.16   91.75   77.98   84.51  
    NGL ($/bbl) 35.47   44.51   47.20   40.13   45.62  
    Natural gas ($/Mcf) 1.50   1.73   0.84   1.61   1.38  
    Total ($/BOE)(6) 46.19   52.58   54.47   49.31   51.10  
                         
    Operating netback per BOE ($)(7) 43.04   42.85   51.39   42.95   45.43  
                         
    Funds from operations per BOE ($) 40.16   37.62   46.05   38.94   40.48  
                         
    Oil price benchmarks                    
    West Texas Intermediate (WTI) (US$/bbl) 63.76   71.39   80.57   67.59   78.76  
    Edmonton light sweet ($/bbl) 84.24   95.20   105.16   89.78   98.66  
    Western Canadian Select (WCS) crude oil differential to WTI (US$/bbl) (10.27 ) (12.67 ) (13.60 ) (11.47 ) (16.47 )
                         
    Natural gas price benchmarks                    
    AECO Monthly Index ($/Mcf) 2.07   2.02   1.44   2.05   1.74  
    AECO Daily Index ($/Mcf) 1.69   2.16   1.18   1.93   1.84  
                         
    Foreign exchange rate (US$/CAD$) 0.7228   0.6976   0.7315   0.7096   0.7364  
    (1) Funds from operations and net earnings per share are calculated using the weighted average number of basic and diluted common shares outstanding.
    (2) A dividend of $0.26 per share was declared on June 3, 2025. The dividend will be paid on July 15, 2025 to shareholders of record as at June 30, 2025.
    (3) Dividend payout ratio is defined under the “Non-GAAP Measures and Ratios” section of this press release.
    (4) Excluding right-of-use asset additions.
    (5) See Note 12 “Capital Management” in the interim condensed consolidated financial statements for the three and six months ended June 30, 2025 and 2024 and Note 13 “Capital Management” in the interim condensed consolidated financial statements for the three months ended March 31, 2025 and 2024.
    (6) See “Conversions of Natural Gas to BOE”.
    (7) Operating netback per BOE is defined under the “Non-GAAP Measures and Ratios” section of this press release.
       

    CONFERENCE CALL DETAILS

    A conference call to discuss the results will be held for the investment community on Tuesday, July 15, 2025, beginning at 6:30 a.m. MST (8:30 a.m. EST). To participate in the conference call, you are asked to register at one of the links provided below. Details regarding the call will be provided to you upon registration.

    Live call participant registration        
    URL:
      https://register-conf.media-server.com/register/BI4b3e791d098f4a4c844ea1427370d036

    Live webcast participant registration (listen in only)
    URL:  https://edge.media-server.com/mmc/p/5a4q5q2j

    FORWARD-LOOKING STATEMENTS

    This press release includes certain forward-looking information and forward-looking statements (collectively, “forward-looking statements”) which may include, but are not limited to PrairieSky’s future plans, current expectations and views of future operations and contains forward-looking statements that the Company believes allow readers to better understand the Company’s business and prospects. All statements other than statements of historical fact may be forward-looking statements. The use of any of the words “expect”, “expected to”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “could”, “likely”, “believe”, “plans”, “intends”, “strategy” and similar expressions (including negative variations) are intended to identify forward-looking information or statements. Forward-looking statements contained in this press release include, but are not limited to, our expectations with respect to PrairieSky’s business and growth strategy and trajectory, including the expectation of receiving royalty production from multiple royalty interest wells in the West Shale Basin in the third quarter; management’s expectation that the level of third-party activity on PrairieSky’s royalty lands will continue to drive annual royalty production growth; and PrairieSky’s expectations to execute on the NCIB as part of our long-term capital allocation strategy to create value for shareholders.

    With respect to forward-looking statements contained in this press release, PrairieSky has made several assumptions including those described in detail in our MD&A and the Annual Information Form for the year ended December 31, 2024. Readers and investors are cautioned that the assumptions used in the preparation of such forward-looking statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. PrairieSky’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. PrairieSky can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits the Company will derive from them.

    By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond PrairieSky’s control, including but not limited to the impact of general economic conditions including inflation, industry conditions, volatility of commodity prices, lack of or access to sufficient pipeline capacity, currency fluctuations, interest rates, imprecision of reserve estimates, competitive factors impacting royalty rates, environmental risks, taxation, regulation, changes in tax or other legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, political and geopolitical instability, the risks and impacts of tariffs imposed between Canada and the United States (and other countries) or other restrictive trade measures, retaliatory or countermeasures implemented by such governments affecting trade between Canada and the United States (and other countries), including the potential introduction of regulatory barriers to trade and the effect on the demand and/or market price for commodities, inaccurate expectations for industry drilling levels on our royalty lands and the Company’s ability to access sufficient capital from internal and external sources. In addition, PrairieSky is subject to numerous risks and uncertainties in relation to acquisitions. These risks and uncertainties include risks relating to the potential for disputes to arise with counterparties, and limited ability to recover indemnification under certain agreements. The foregoing and other risks, uncertainties and assumptions are described in more detail in PrairieSky’s MD&A and the Annual Information Form for the year ended December 31, 2024 under the headings “Risk Management” and “Risk Factors”, respectively, each of which is available on SEDAR+ at www.sedarplus.com and PrairieSky’s website at www.prairiesky.com.

    Further, any forward-looking statement is made only as of the date of this press release, and PrairieSky undertakes no obligation to update or revise any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws. New factors emerge from time to time, and it is not possible for PrairieSky to predict all of these factors or to assess, in advance, the impact of each such factor on PrairieSky’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

    CONVERSIONS OF NATURAL GAS TO BOE

    To provide a single unit of production for analytical purposes, natural gas production and reserves volumes are converted mathematically to equivalent barrels of oil (BOE). PrairieSky uses the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). The 6:1 BOE ratio is based on an energy equivalency conversion method primarily applicable at the burner tip. It does not represent a value equivalency at the wellhead and is not based on either energy content or current prices. While the BOE ratio is useful for comparative measures and observing trends, it does not accurately reflect individual product values and might be misleading, particularly if used in isolation. As well, given that the value ratio, based on the current price of crude oil to natural gas, is significantly different from the 6:1 energy equivalency ratio, using a 6:1 conversion ratio may be misleading as an indication of value.

    NON-GAAP MEASURES AND RATIOS

    Certain measures and ratios in this press release do not have any standardized meaning as prescribed by IFRS and, therefore, are considered non-GAAP measures and ratios. These measures and ratios may not be comparable to similar measures and ratios presented by other issuers. These measures and ratios are commonly used in the oil and natural gas industry and by PrairieSky to provide potential investors with additional information regarding the Company’s liquidity and its ability to generate funds to conduct its business. Non-GAAP measures and ratios include operating netback per BOE and dividend payout ratio. Management’s use of these measures and ratios is discussed further below. Further information can be found in the Non-GAAP Measures and Ratios section of PrairieSky’s MD&A for the three and six months ended June 30, 2025 and 2024 and PrairieSky’s MD&A for the three months ended March 31, 2025 and 2024.

    “Operating netback per BOE” represents the cash margin for products sold on a BOE basis. Operating netback per BOE is calculated by dividing the operating netback (royalty production revenue less production and mineral taxes and cash administrative expenses) by the average daily production volumes for the period. Operating netback per BOE is used to assess the cash generating and operating performance per unit of product sold and the comparability of the underlying performance between years. Operating netback per BOE measures are commonly used in the oil and natural gas industry to assess performance comparability. Refer to the Operating Results table starting on page 6 of PrairieSky’s MD&A for the three and six months ended June 30, 2025 and 2024 and page 6 of PrairieSky’s MD&A for the three months ended March 31, 2025 and 2024.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions) 2025 2025 2024 2025 2024
    Cash from operating activities 90.3   90.7   99.3   181.0   179.0  
    Other revenue (12.4 ) (8.2 ) (10.1 ) (20.6 ) (17.6 )
    Amortization of debt issuance costs (0.1 ) (0.1 ) (0.1 ) (0.2 ) (0.2 )
    Finance expense 3.0   2.9   3.5   5.9   7.2  
    Current tax expense 16.5   17.3   19.0   33.8   33.7  
    Interest on lease obligation (0.1 ) –   –   (0.1 ) –  
    Net change in non-cash working capital 6.4   (4.9 ) 6.8   1.5   10.1  
    Operating netback 103.6   97.7   118.4   201.3   212.2  
                         

    “Operating Margin” represents operating netback as a percentage of royalty production revenue. Management uses this measure to demonstrate the comparability between the Company and production and exploration companies in the oil and natural gas industry as it shows net revenue generation from operations.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions) 2025 2025 2024 2025 2024
    Royalty production revenue 111.2 119.9 125.5 231.1 238.7
    Operating netback 103.6 97.7 118.4 201.3 212.2
    Operating margin 93% 81% 94% 87% 89%
               

    “Dividend payout ratio” is calculated as dividends declared as a percentage of funds from operations. Payout ratio is used by dividend paying companies to assess dividend levels in relation to the funds generated and used in operating activities.

      Three months ended Six months ended
      June 30 March 31 June 30 June 30 June 30
    ($ millions, except otherwise noted) 2025 2025 2024 2025 2024
    Funds from operations 96.7 85.8 106.1 182.5 189.1
    Dividends declared 61.2 61.2 59.7 122.4 119.4
    Dividend payout ratio 63% 71% 56% 67% 63%
               

    ABOUT PRAIRIESKY ROYALTY LTD.

    PrairieSky is a royalty company, generating royalty production revenues as oil and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that represent the largest and most consolidated independently-owned fee simple mineral title position in Canada. PrairieSky’s common shares trade on the Toronto Stock Exchange under the symbol PSK.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Andrew M. Phillips
    President & Chief Executive Officer
    PrairieSky Royalty Ltd.
    (587) 293-4005

    Michael T. Murphy
    Vice-President, Geosciences & Capital Markets
    PrairieSky Royalty Ltd.
    (587) 293-4056

    Investor Relations
    (587) 293-4000
    www.prairiesky.com

    Pamela P. Kazeil
    Senior Vice-President, Finance & Chief Financial
    Officer
    PrairieSky Royalty Ltd.
    (587) 293-4089
       

    PDF available: http://ml.globenewswire.com/Resource/Download/36ee4b7d-4f4e-42d9-a2fb-c3c005d65436

    The MIL Network –

    July 15, 2025
  • MIL-OSI: VisionWave Technologies Inc. and Bannix Acquisition Corp. Complete Business Combination

    Source: GlobeNewswire (MIL-OSI)

    VisionWave Holdings Inc. to Commence Trading on Nasdaq Under Ticker “VWAV”

    VisionWave Technologies Inc. and Bannix Acquisition Corp. Have Closed the Business Combination on July 14, 2025

    VisionWave Holdings Inc. Shares of Common Stock and Warrants Will Begin Trading on Nasdaq on July 15, 2025, Under Ticker Symbols “VWAV” and “VWAVW,” Respectively

    WILMINGTON, Del., July 14, 2025 (GLOBE NEWSWIRE) — VisionWave Technologies Inc. (“VisionWave Technologies”), a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground, and sea domains ranging from high-resolution radars and advanced vision systems to radio frequency sensing technologies seeking to redefine operational efficiency and precision for military and homeland security applications worldwide, today announced the successful completion of its business combination (the “Business Combination”) with Bannix Acquisition Corp. (Nasdaq: BNIX) (“BNIX”), a special purpose acquisition company, resulting in each of VisionWave Technologies and BNIX becoming a wholly-owned subsidiary of VisionWave Holdings Inc. (“VisionWave Holdings” or the “Combined Company”). On July 15, 2025, VisionWave Holdings shares of common stock will commence trading on the Nasdaq Global Market under the trading symbol “VWAV” and its warrants will trade on under the trading symbol “VWAVW.”

    “Completing the Business Combination and having our shares listed on the Nasdaq Global Market is a significant achievement for the VisionWave team, and we are grateful to our employees and partners who have supported us on this journey as we begin our next chapter as we seek to develop new and cutting technologies in the defense sector,” said Douglas Davis, Executive Chairman of VisionWave Holdings. “We believe this milestone will provide us with the tools to develop our technology and implement our business plan. We are excited to continue to seek building value for all stakeholders.” “This is a defining moment for VisionWave,” said Noam Kenig, Chief Executive Officer of VisionWave Holdings. “As we enter the public markets, our focus is on accelerating innovation in defense-grade AI systems, pursuing strategic global partnerships, and delivering on contracts that will shape the next generation of military technologies. I’m honored to lead the company into this exciting new chapter.”

    Advisors

    Fleming PLLC served as legal counsel to BNIX.

    Law Office of Robert M. Yaspan served as legal counsel to VisionWave Technologies.

    RBSM LLP served as the Auditor to VisionWave Holdings.

    Donohoe Advisory Associate, LLC served as Listing Advisor to VisionWave Holdings.

    Marula Capital Group a registered FINRA advisor provided the Fairness Opinion to the Business Combination.

    I-Bankers Securities, Inc., the underwriter in the original IPO.

    About VisionWave Holdings Inc.

    VisionWave Holdings Inc. is at the forefront of revolutionizing defense capabilities by integrating advanced artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains. Its state-of-the-art innovations— ranging from high-resolution radars and advanced vision systems to radio frequency (RF) sensing technologies are seeking to redefine operational efficiency and precision for military and homeland security applications worldwide. From tactical ground vehicles to precision weapon control systems, VisionWave leads the development of reliable, high-performance technologies that transform defense strategies and deliver superior results, even in the most challenging environments. With headquarters in the U.S. and strategic partnerships in Canada and the United Arab Emigrants, VisionWave is uniquely positioned to serve global markets, offering cutting-edge defense solutions that address the evolving needs of security forces across the world.

    For more corporate and product information, please visit our website https://www.visionwave.tech.

    About Bannix Acquisition Corp.

    Bannix Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated implied enterprise value of the Combined Company, VisionWave Holdings’ ability to scale and grow its business, the advantages and expected growth of the Combined Company, the Combined Company’s ability to source and retain talent, and the cash position of the Combined Company following closing of the Business Combination, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BNIX’s and VisionWave Technologies’ management and are not predictions of actual performance.

    These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of BNIX, VisionWave Technologies and VisionWave Holdings believes that it has a reasonable basis for each forward-looking statement contained in this press release, each of BNIX, VisionWave Technologies and VisionWave Holdings cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the definitive proxy statement/prospectus mailed to BNIX stockholders, and filed by the Combined Company with the SEC and other documents filed by the Combined Company or BNIX from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. BNIX, VisionWave Technologies and VisionWave Holdings cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to recognize the anticipated benefits of the Business Combination, costs related to the Business Combination, the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination, the outcome of any potential litigation, government or regulatory proceedings, and other risks and uncertainties, including those to be included under the heading “Risk Factors” in the definitive proxy statement/prospectus mailed to BNIX stockholders, and those included under the heading “Risk Factors” in the annual report on Form 10-K for the fiscal year ended December 31, 2024, of BNIX and in its subsequent quarterly reports on Form 10-Q and other filings with the SEC. There may be additional risks that BNIX, VisionWave Technologies and VisionWave Holdings presently do not know or that the parties currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of BNIX, VisionWave Technologies and VisionWave Holdings as of the date of this press release. Subsequent events and developments may cause those views to change. However, while BNIX, VisionWave Technologies and VisionWave Holdings may update these forward-looking statements 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 BNIX, VisionWave Technologies and VisionWave Holdings as of any date subsequent to the date of this press release. Except as may be required by law, BNIX, VisionWave Technologies and VisionWave Holdings do not undertake any duty to update these forward-looking statements.

    VisionWave Holdings Investor Relations:

    Douglas Davis, Executive Chairman of the Board
    (302) 305-4790
    doug.davis@bannixacquisition.com

    The MIL Network –

    July 15, 2025
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