NewzIntel.com

Category: Economy

  • MIL-OSI: Introduction to UXUY Protocol

    Source: GlobeNewswire (MIL-OSI)

    Singapore, May 14, 2025 (GLOBE NEWSWIRE) — Abstract
    The advent of crypto has created the largest ownerless asset system in human history. Under the guidance of evolving crypto narratives, assets are being minted, issued, traded, and stored at near-zero marginal cost.
    While centralized exchanges (CEXs) offer trading venues for a select number of popular assets, they can no longer meet the rapidly growing demand. It is evident that CEXs are limiting the expansion of the crypto industry.
    UXUY Protocol aims to become a new layer of on-chain infrastructure by creating a permissionless and decentralized DEX framework. By connecting multiple major blockchains, it seamlessly integrates AMMs and order books, enabling ultra-fast on-chain crypto trading. At the same time, it provides powerful tools for developers and users to foster innovation and adoption in areas such as RWA and DeFi.
    Just as Uniswap opened the door to on-chain trading, UXUY Protocol is accelerating the path toward mass adoption.

    The Explosion of Crypto Assets

    As blockchain continues to gain traction, crypto assets are rapidly emerging as one of the most disruptive and high-growth forces globally. From the “super meme cycle” to the “Trump coin” craze, and the widespread use of USD, treasuries, stablecoins, and RWAs (Real World Assets), crypto assets have evolved far beyond simple transfers and trades. They are now deeply integrating with the real world and accelerating the structural transformation of the global financial system.

    In this permissionless new system, crypto assets have created a trustless financial network with no central authority—becoming the largest and most open ownerless asset system in human history. Various cryptocurrencies, tokens, and other forms of digital assets are minted, issued, traded, and stored at nearly zero marginal cost. This enables founders, users, small dev teams, and large institutions across the globe to easily participate in this decentralized economy.

    The explosion of crypto assets calls for an entirely new infrastructure—this is where UXUY Protocol comes in.

    Permissionless Trading Infrastructure

    Existing trading infrastructure is under strain. While centralized exchanges (CEXs) provide trading for major crypto assets, their centralized nature cannot keep up with the rapidly expanding demand. CEXs have become a major bottleneck for asset discovery and adoption.

    The key to solving this lies in building a permissionless and decentralized trading infrastructure that can meet the broader needs of DeFi and multi-chain asset trading. UXUY Protocol was born to break these limitations—offering a more open, transparent, and secure decentralized trading platform.

    UXUY Protocol connects multiple leading blockchains and integrates AMM, order book, RFQ, and oracle-based solutions to provide a fast and low-cost trading environment, enabling free movement of assets across chains. This decentralized model not only improves early asset liquidity but also enhances user security and privacy.

    UXUY Protocol is pioneering a new paradigm in crypto trading—launching an entirely new category beyond CEXs and DEXs: SEX (Smart Exchange Protocol).

    Unlike traditional centralized or decentralized exchanges, SEX goes beyond mere trading. It introduces innovations such as abstract wallets, GasLess transactions, on-chain AI alerts, and one-click trading—fundamentally reshaping the on-chain trading. By making trading faster, cheaper, and smarter, it delivers truly accessible crypto finance for everyone. The first app built on SEX, UXUY APP, is non-custodial—user assets remain fully in their control without exposure to platform risks or hacks, enabling both security and self-sovereignty.

    With its innovative GasLess module, users can trade on-chain without paying gas fees. This allows both everyday users and developers to enjoy efficient decentralized trading without extra costs—accelerating the adoption of crypto assets and advancing the decentralized ecosystem.

    What Is UXUY Protocol Doing?

    UXUY Protocol’s core mission is to build a permissionless protocol that comprehensively addresses the liquidity issues of on-chain trading. By combining multiple trading mechanisms, it not only offers an efficient platform for existing crypto assets but also supports the onboarding and liquidity of emerging ones.

    The protocol uses smart routing to aggregate a variety of trading models, including AMM (Automated Market Maker), OrderBook, RFQ (Request for Quote), and oracle-based pricing solutions—providing diverse trading options to cater to the needs of users and developers.

    Whether you’re a professional trader, DeFi developer, or an institution bringing RWA onto the blockchain, UXUY Protocol offers the right trading path for you.

    Unlike traditional DEX protocols, UXUY Protocol retains the advantages of various trading models and builds on them to offer accurate pricing and lower slippage.

    AMM (Automated Market Maker)

    AMMs are the dominant trading model for traditional DEXs. Users trade assets via liquidity pools, making it ideal for long-tail and early-stage tokens. The benefits include simplicity, no need for matching engines, and inherent decentralization.

    However, AMMs face challenges such as high slippage, impermanent loss, and low capital efficiency, making them vulnerable to frontrunning and MEV attacks. Many LPs (liquidity providers) report greater losses from impermanent loss than gains from fees.

    UXUY Protocol treats AMM as a core liquidity source and uses smart routing to dynamically optimize trade paths, enhancing efficiency and cost—without being limited to AMM alone.

    OrderBook (On-Chain Order Book)

    Order books—used in traditional finance and CEXs—offer more precise price discovery than AMMs. But on-chain implementation demands higher performance and infrastructure, along with complex deployment and higher liquidity costs.

    Best suited for high-volume assets, UXUY Protocol supports high-performance on-chain order book protocols to improve price precision and depth—delivering a professional-grade experience for serious traders.

    RFQ (Request for Quote)

    RFQ is ideal for large trades where liquidity may be limited—making it the preferred choice for custom OTC deals.

    Since RFQ relies on market makers’ responses, it’s less real-time and less automated, and therefore not suitable for frequent small trades. UXUY Protocol integrates RFQ to meet institutional demands for price stability and trade privacy.

    Oracle-Based Solutions

    Oracle models provide asset pricing through high-quality data sources—ideal for RWA, stablecoins, and some derivatives. Their strength lies in transparency and authoritative pricing, though they may suffer from delays, manipulation, or feed attacks.

    UXUY Protocol leverages major oracle networks to support pricing and settlement, building a more robust trading system.

    Additionally, UXUY Protocol’s cross-chain interoperability and liquidity provide a richer infrastructure for the on-chain trading of crypto assets.

    UXUY Founder Kevin Says:

    “By integrating AMM, OrderBook, RFQ mechanisms, and oracle-powered pricing, UXUY Protocol systematically solves the liquidity challenges in crypto trading. It is also the first on-chain trading system to implement GasLess transactions—lowering the user barrier and accelerating the shift from CEX to SEX (Smart Exchange Protocol).”

    The MIL Network –

  • MIL-OSI: Advanced Flower Capital Inc. Announces Financial Results for the First Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    First quarter 2025 GAAP net income of $4.1 million or $0.18 per basic weighted average common share and 
    Distributable Earnings(1) of $4.5 million or $0.21 per basic weighted average common share

    WEST PALM BEACH, Fla., May 14, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (Nasdaq: AFCG) (“Advanced Flower Capital”, “AFC” or the “Company”) today announced its results for the quarter ended March 31, 2025.

    AFC reported generally accepted accounting principles (“GAAP”) net income of $4.1 million or $0.18 per basic weighted average common share and Distributable Earnings of $4.5 million or $0.21 per basic weighted average common share for the first quarter of 2025.

    “Our top priority at AFC is reducing our exposure to underperforming credits, while also remaining disciplined on providing debt capital to accomplished operators,” said Dan Neville, AFC’s Chief Executive Officer. “While cannabis market sentiment continues to hinge on regulatory momentum, we are focused on taking advantage of market dislocations to invest in quality credits with strong risk adjusted returns, which our recent investments demonstrate.”

    Common Stock Dividend

    On April 15, 2025, the Company paid a regular cash dividend of $0.23 per common share for the first quarter of 2025 to shareholders of record as of March 31, 2025.

    Additional Information

    Advanced Flower Capital issued a presentation of its first quarter 2025 results, titled “First Quarter 2025 Earnings Presentation,” which can be viewed at advancedflowercapital.com under the Investor Relations section. The Company also filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, with the Securities and Exchange Commission on May 14, 2025.

    AFC routinely posts important information for investors on its website, advancedflowercapital.com. The Company intends to use this webpage as a means of disclosing material information, for complying with our disclosure obligations under Regulation FD and to post and update investor presentations and similar materials on a regular basis. AFC encourages investors, analysts, the media and others interested in AFC to monitor the Investors section of its website, in addition to following its press releases, SEC filings, public conference calls, presentations, webcasts and other information posted from time to time on the website. To sign-up for email-notifications, please visit the “Email Alerts” section of the website under the “IR Resources” section.

    Conference Call & Discussion of Financial Results

    Advanced Flower Capital will host a conference call at 10:00 am (Eastern Time) on Wednesday, May 14, 2025, to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of AFC’s website found here: AFC — Investor Relations. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. The complete webcast will be archived for 90 days on the Investor Relations section of AFC’s website.

    1 Distributable Earnings is a non-GAAP financial measure. See the “Non-GAAP Metrics” section of this release for a reconciliation of GAAP Net Income to Distributable Earnings.

    About Advanced Flower Capital

    Advanced Flower Capital Inc. (Nasdaq: AFCG) is a leading commercial mortgage real estate investment trust (“REIT”) that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures, underwrites and manages loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida.

    Non-GAAP Metrics

    In addition to using certain financial metrics prepared in accordance with GAAP to evaluate our performance, we also use Distributable Earnings to evaluate our performance excluding the effects of certain transactions and GAAP adjustments we believe are not necessarily indicative of our current loan activity and operations. Distributable Earnings is a measure that is not prepared in accordance with GAAP. Distributable Earnings and the other capitalized terms not defined in this section have the meanings ascribed to such terms in our most-recently filed Quarterly Report on Form 10-Q. We use this non-GAAP financial measure both to explain our results to shareholders and the investment community and in the internal evaluation and management of our businesses. Our management believes that this non-GAAP financial measure and the information it provides is useful to investors since this measure permits investors and shareholders to assess the overall performance of our business using the same tools that our management uses to evaluate our past performance and prospects for future performance.

    The determination of Distributable Earnings is substantially similar to the determination of Core Earnings under our Management Agreement, provided that Core Earnings is a component of the calculation of any Incentive Compensation earned under the Management Agreement for the applicable time period, and thus Core Earnings is calculated without giving effect to Incentive Compensation expense, while the calculation of Distributable Earnings accounts for any Incentive Compensation earned for such time period.

    We define Distributable Earnings as, for a specified period, the net income (loss) computed in accordance with GAAP, excluding (i) stock-based compensation expense, (ii) depreciation and amortization, (iii) any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period, regardless of whether such items are included in other comprehensive income or loss, or in net income (loss); provided that Distributable Earnings does not exclude, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero coupon securities), accrued income that we have not yet received in cash, (iv) provision for (reversal of) current expected credit losses, (v) taxable REIT (as defined below) subsidiary (“TRS”) (income) loss, net of any dividends received from TRS and (vi) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between our Manager and our independent directors and after approval by a majority of such independent directors.

    We believe providing Distributable Earnings on a supplemental basis to our net income as determined in accordance with GAAP is helpful to shareholders in assessing the overall performance of our business. As a REIT, we are required to distribute at least 90% of our annual REIT taxable income, subject to certain adjustments, and to pay tax at regular corporate rates to the extent that we annually distribute less than 100% of such taxable income. Given these requirements and our belief that dividends are generally one of the principal reasons that shareholders invest in our common stock, we generally intend to attempt to pay dividends to our shareholders in an amount at least equal to such REIT taxable income, if and to the extent authorized by our Board of Directors. Distributable Earnings is one of many factors considered by our Board of Directors in authorizing dividends and, while not a direct measure of net taxable income, over time, the measure can be considered a useful indicator of our dividends.

    Distributable Earnings is a non-GAAP financial measure and should not be considered as a substitute for GAAP net income. We caution readers that our methodology for calculating Distributable Earnings may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and as a result, our reported Distributable Earnings may not be comparable to similar measures presented by other REITs.

    The following table provides a reconciliation of GAAP Net income to Distributable Earnings:

      Three months ended
    March 31,
        2025       2024  
           
    Net income (loss) $ 4,067,685     $ (54,116 )
    Adjustments to net income (loss):      
    Stock-based compensation expense   553,749       543,222  
    Depreciation and amortization   —       —  
    Unrealized losses (gains) or other non-cash items   685,478       3,613,693  
    (Reversal of) provision for current expected credit losses   (699,424 )     4,931,674  
    TRS (income) loss, net of dividends   (63,582 )     931,233  
    One-time events pursuant to changes in GAAP and certain non-cash charges   —       —  
    Distributable earnings $ 4,543,906     $ 9,965,706  
    Basic weighted average shares of common stock outstanding   22,097,979       20,393,875  
    Distributable earnings per basic weighted average share $ 0.21     $ 0.49  
                   

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including statements about our future growth and strategies for such growth, are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, including the ability of our manager to locate suitable loan opportunities for us, monitor and actively manage our loan portfolio and implement our investment strategy; the demand for cannabis cultivation and processing facilities and dispensaries; management’s current estimate of expected credit losses and current expected credit loss reserve and other factors could cause actual results and performance to differ materially from those projected in these forward-looking statements. More information on these risks and other potential factors that could affect our business and financial results is included in AFC’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of AFC’s most recently filed periodic reports on Form 10-K, Form 10-Q and subsequent filings. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect AFC. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations Contact

    Robyn Tannenbaum
    (561) 510-2293 
    ir@advancedflowercapital.com

    Media Contact 

    Collected Strategies
    Jim Golden / Jack Kelleher 
    AFCG-CS@collectedstrategies.com

    The MIL Network –

  • MIL-OSI United Kingdom: Alexandra Jones, Sally McInnes, Sally Sheard, James Strachan, Aruna Verma and Simon Wessely appointed to the ACNRA Board.

    Source: United Kingdom – Executive Government & Departments

    News story

    Alexandra Jones, Sally McInnes, Sally Sheard, James Strachan, Aruna Verma and Simon Wessely appointed to the ACNRA Board.

    The Secretary of State has appointed 6 Board Members to the Advisory Council on National Records and Archives for four years from 10 March 2025 to 09 March 2029.

    Alexandra Jones

    Alexandra Jones, the Director of Anti-Money Laundering at the Solicitors Regulation Authority, brings a wealth of experience in governance, compliance, and leadership to her role. At the SRA, Alexandra leads the development and implementation of AML policies, ensuring regulatory compliance across the legal sector. Her career spans diverse sectors, including finance and regulation, providing her with a unique perspective on risk management and ethical considerations.

    Before joining the SRA, Alexandra served as CEO of the Registry Trust, where she gained deep insight into legal and ethical issues related to data access, copyright, and privacy. She also held senior roles at the Financial Ombudsman Service and HSBC Bank, where she managed teams while upholding confidentiality and compliance standards. Her leadership experience is complemented by her commitment to professional development, including studying data ethics at the London School of Economics.

    Alexandra’s career reflects a dedication to promoting transparency and integrity. She is motivated by the vision of safeguarding collective heritage and leveraging it as a resource for education and public engagement.

    Sally McInnes

    Sally McInnes was formerly Head of Unique and Contemporary Content at the National Library of Wales. A professionally trained archivist, she has extensive experience in promoting, preserving and providing access to unique content of national significance, as well as policy development within the Welsh cultural sector.

    Sally has a particular interest in managing digital content, as well as improving professional competence in digital preservation, for which she has earned international recognition. As a former Director of the Digital Preservation Coalition, she worked to raise public and institutional awareness of digital preservation issues in Wales and beyond.

    She has played a leading role in a number of national and international professional networks. In recognition of her contribution to recordkeeping, she was awarded an MBE in 2024 for Services to Documentary History. She is a Fellow of the Archives and Records Association.

    Sally Sheard

    Professor Sally Sheard is Executive Dean of the Institute of Population Health at the University of Liverpool, where she also holds the Andrew Geddes and John Rankin Chair of Modern History. She is a health policy analyst and historian, with a research focus on the interface between expert advisers and policymakers. 

    Sally has extensive experience of using history in public and policy engagement, including working with national and local government organisations and health authorities. She has written for and appeared in numerous television and radio programmes. In 2018 she wrote and presented the twenty-part BBC Radio 4 series National Health Stories, to mark the seventieth anniversary of the NHS. Her books include The Passionate Economist: how Brian Abel-Smith shaped global health and social welfare (Policy Press, 2013); Making Genetics and Genomics Policy in Britain: from Personal to Population Health (co-authored with Philip Begley; Routledge, 2022) and NICE: A Contemporary History of the National Institute for Health and Care Excellence (co-authored with Paul Atkinson; Routledge, 2025).

    James Strachan

    James is Chief Executive of Eastleigh Borough Council in south Hampshire, and has been a senior leader in Hampshire local government for 16 years.  In addition to overseeing local services such as waste collection, planning, homelessness support and elections, James is ultimately responsible for information governance at the Council.  Prior to moving to Hampshire, James was Director of Public Services and Marketing at The National Archives, and served as Secretary to the official review of the 30-year rule, which was commissioned by Prime Minister Gordon Brown. 

    James has also worked at the Cabinet Office, and had a career in publishing prior to joining the civil service.  He oversaw the online launch of Encyclopaedia Britannica in Europe and was among the first employees of the mobile network ‘3’, negotiating the first ever mobile highlights deal with the Premier League.  James lives in Salisbury and serves as a magistrate on the West Hampshire Bench, based in Southampton.

    Aruna Verma

    Aruna Verma is a distinguished lawyer, associate professor, and Campus Dean at The University of Law, Moorgate. With a strong background in legal education and practice, she has played a pivotal role in shaping the next generation of legal professionals. As an academic leader, she combines her expertise in law with a passion for teaching, ensuring that students gain both theoretical knowledge and practical skills essential for success in the legal profession.

    Her career spans legal practice, academia, and educational leadership, making her a respected figure in the field. At The University of Law, she oversees academic programs, fosters student engagement, and works closely with industry professionals to bridge the gap between law school and legal practice.

    Beyond academia, Aruna is known for her contributions to legal scholarship, mentorship, and commitment to advancing diversity in the legal profession. Her leadership ensures that the Moorgate campus remains a hub for aspiring solicitors and barristers, preparing them for the challenges of the ever-evolving legal Landscape.

    With her wealth of experience and dedication to legal education, Aruna Verma continues to make a lasting impact on both students and the legal community. Aruna also sits as a Chair at The Valuation Tribunal and the Chair of Governors at a local school. Aruna is a trained mediator and online dispute resolution specialist.

    Simon Wessely

    Sir Simon Wessely FRS is the Regius Chair of Psychiatry at the Institute of Psychiatry, Psychology and Neuroscience (IOPPN), part of King’s College London (KCL), the first such chair in the United Kingdom. He is also a Consultant Liaison Psychiatrist at the Maudsley and King’s College Hospitals.

    After studying medicine and History of Art at Cambridge, he finished his medical training at Oxford. He is an active clinical academic psychiatrist with >1000 publications, a Fellow of the Academy of Medical Sciences and a Fellow of the Royal Society (FRS). He is a Past President of the Royal College of Psychiatrists and the Royal Society of Medicine. He was Dean of the IOPPN (2022-23) and is now a Non Executive Director of NHS-England.

    In 2003 he founded the King’s Centre for Military Health Research, which is now ranked 1st globally for publications on military health. He remains the Honorary Consultant Advisor in Psychiatry to the British Army, and works with several charities for Veterans. He was knighted in 2013 for services to military health and psychological medicine. He continues to have a broad interest in how people and populations react to adversity, past present and future.

    He chaired the government’s Independent Review of the Mental Health Act (2017-19), which should receive Royal Assent at Easter. He also was a member of the Judicial Appointments Commission (2017-23). His amateur interests revolve around history, and he is proud of having written some papers in “proper” history journals. Finally, if you are a follower of “Desert Island Discs” you will know his favourite occupation is arguing in Viennese cafes , perhaps reflecting the fact that his father was born in Central Europe, coming over to the UK in 1939.

    Remuneration and Governance Code

    Board Members will be remunerated at a rate of £386 per day. James Strachan requested not to be remunerated for this role. This appointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments.

    The appointments process is regulated by the Commissioner for Public Appointments. Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. None of the candidates have declared any significant political activity.

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Interactive hub opens to provide support during major city centre transformation works

    Source: City of Wolverhampton

    The ‘Urban Room’ will provide drop in sessions at set times, pre-booked meeting opportunities and direct assistance from staff at City of Wolverhampton Council and contractor, Taylor Woodrow.

    It will give businesses, residents and visitors easy access to information about the scheme and dedicated support for any concerns or issues they have as the 2 and a half year programme, which started in January, progresses.

    The first Urban Room sessions will initially take place between 12pm and 1.30pm on Tuesdays, with the plan to increase the number of sessions over time.

    Works on the major £19 million transformation of Wolverhampton city centre are underway on Darlington Street and will move onto Lichfield Street and Queen Square. It follows extensive consultation with businesses, the public and key stakeholders.

    The completed scheme will deliver high quality improvements such as wider, brighter, safer streets; vibrant public events spaces; more trees, greenery and seating; and easy access for buses, cycles and taxis.

    The aim is to stimulate more visitors and spend with businesses and act as a catalyst for further investment, while contributing to creating a pleasant environment to support and encourage healthy city living lifestyles.

    It is the third and final phase of City of Wolverhampton Council’s city centre improvements programme following completed schemes in the Victoria Street and University of Wolverhampton at The Halls areas that have seen regular events staged in the new spaces, increasing city centre footfall and economic spend and attracting new investment such as Superbowl UK, set to open their new venue in the Mander Centre units off Victoria Street on 21 May.

    Councillor Chris Burden, the council’s Cabinet Member for City Development, Jobs and Skills, said: “We want people to enjoy our city centre from the moment they arrive, and these works are the next step in our transformation plans that are delivering positive outcomes.

    “This is a scheme for everyone, and the Urban Room is another way we are connecting with businesses, residents and visitors to ensure they are supported during the works and fully understand it so they can maximise the opportunities it presents to them.

    “Funded totally by external funding, it will create an enhanced walking, cycling and dwell space, as well as infrastructure for events and attractions, and a better environment for city centre living, which will all help boost the local economy.

    “The works will also complement other transformational development schemes already underway or in the pipeline in the city centre, including the £150 million Interchange and commercial district, and thousands of new homes coming at Smithgate and Canalside – all helping to create hundreds of new jobs and further investment opportunities.”

    Stuart Townsend, Taylor Woodrow Operations Manager, said: “We are excited to announce our drop in sessions for businesses and members of the public to address any queries, concerns, or compliments.

    “During these sessions, we will showcase drawings of the scheme, have updates on our social value projects locally, and we will be displaying information, including a video about the scheme.

    “Additionally, we will provide information about our chosen charities, The Way Youth Project Board, and have brochures available for career opportunities. “This is a positive step in keeping stakeholders and the passing public updated on how we Taylor Woodrow and the council are working together to deliver a better city centre.”

    Funding for the scheme consists of £13.5 million from the City Region Sustainable Transport Settlement (CRSTS) fund, £3 million from the Towns Fund and £2.6 million from the Active Travel Fund.

    MIL OSI United Kingdom –

  • MIL-OSI Banking: Recent approval of IMO’s net-zero framework for international shipping

    Source: International Marine Contractors Association – IMCA

    Headline: Recent approval of IMO’s net-zero framework for international shipping

    Members of IMCA’s Marine Policy & Regulatory Affairs (MPRA) Committee and Margaret Fitzgerald, IMCA Head of Legal & Regulatory Affairs, participated in recent discussions at the 83rd session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 83) aimed at setting shipping on a trajectory to reach net zero by 2050.

    It was a historic moment at the IMO when, on 11 April, MEPC 83 approved the draft legal text for incorporation into annex VI of the MARPOL Convention on its net-zero framework.

    In accordance with its 2023 revised greenhouse gas (GHG) strategy, the package of measures comprises of two elements:

    1. A global fuel intensity standard (GFI) measuring how much greenhouse gas is emitted for each unit of energy used, that ships must reduce over time,
    2. An economic measure, that will require ships operating above GFI thresholds to acquire remedial units to balance their excess emissions, while those using zero or near-zero GHG fuels or technologies will be eligible for financial rewards for their lower emissions profile.

    From 2028, ships with a gross tonnage of 5,000 GT or greater will be required to calculate their GHG fuel intensity (GFI) against a reference value of 93.3 gCO₂eq/MJ (the industry average in 2008), with mandatory reduction targets across two compliance tiers over the coming years.

    In terms of the economic measure, while there was significant support for a simple GHG levy, the compromise is an approach that establishes a two-tier carbon credits system of ‘remedial units’ and ‘surplus units’ that shipowners can trade to achieve compliance.

    The proposed text will now be circulated with an accompanying resolution in anticipation of adoption by an extraordinary session of the MEPC (MEPC ES/2) in October this year. If adopted, shipping will be the first sector to implement a globally agreed GHG pricing mechanism.

    IMO Secretary-General Arsenio Dominguez reminded delegates that the package of measures approved at MEPC 83 was only one step on international shipping’s journey to 2050 and much more work is needed to get there.

    MEPC 83 has identified a raft of new guidelines that will need to be developed, as well as a list of existing guidelines that will need to be amended to support the legal text.

    It will take some time to fully unpack what the economic impact of these measures on the offshore marine contacting sector will be, but IMCA’s MPRA Committee will do so over the next few months and will publish relevant guidance for members in due course.

    IMCA’s MPRA Committee will lead a seminar on 12 November 2025 analysing the outcome of October’s extraordinary session of the MEPC – please save the date in your calendars. 

    MIL OSI Global Banks –

  • MIL-OSI: Orezone Gold Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or “Company”) is pleased to report its operational and financial results for the first quarter of 2025.   All dollar amounts are in USD unless otherwise indicated and abbreviation “M” means million.

    First Quarter 2025 Highlights

    • Gold production of 28,688 oz
    • AISC per oz sold of $1,415
    • Revenue of $82.7M from the sale of 28,943 gold oz at an average realized price of $2,851 per oz
    • Adjusted EBITDA of $44.2M, Adjusted Earnings attributable to Orezone shareholders of $18.7M, and Adjusted Earnings per Share attributable to Orezone shareholders of $0.04
    • Liquidity of $130.9M at March 31, 2025 with cash of $102.0M and undrawn senior debt of $28.9M.
    • Stage 1 of the hard rock expansion reached 45% completion and remains on track for first gold in Q4-2025
    • Advancing work towards a secondary listing on the Australian Securities Exchange (“ASX”) by mid-2025

    Patrick Downey, President and CEO, commented “The first quarter of 2025 marked another consecutive quarter of positive net earnings and free cash flow, driven by our unhedged exposure to rising gold prices. Production and costs were in line with expectations with annual guidance being maintained. Cash reached a record $102 million at March 31, 2025, providing the Company with significant financial flexibility in pursuing its strategy of expanding gold production at our Bomboré Mine.

    Construction of stage 1 of the hard rock expansion made excellent progress in Q1-2025 with project completion hitting 45%. We remain firmly on track for first gold by Q4-2025 which will scale forecasted gold production to over 170,000 oz per year.

    We are also well advanced in our ASX listing application and expect that to be completed later in mid-2025. The recent equity financing was well supported by several key Australian mining funds and by our cornerstone investor, Nioko Resources Corporation, through their pro-rata participation. These financings added over $32 million to the Company’s treasury and have provided us the opportunity to study the merits of fast-tracking stage 2 of the hard rock expansion to increase annual production to over 220,000 oz and to upsize our 2025 discovery-focus drill program. The Company expects to announce a Board-approved final investment decision on stage 2 in the coming months.”

    Highlights for the First Quarter and Significant Subsequent Events

    (All mine site figures on a 100% basis)   Q1-2025 Q1-2024
    Operating Performance      
    Gold production oz 28,688 30,139
    Gold sales oz 28,943 31,229
    Average realized gold price $/oz 2,851 2,066
    Cash costs per gold ounce sold1 $/oz 1,226 1,127
    All-in sustaining costs1 (“AISC”) per gold ounce sold $/oz 1,415 1,324
    Financial Performance      
    Revenue $000’s 82,715 64,685
    Earnings from mine operations $000’s 38,563 26,882
    Net earnings attributable to shareholders of Orezone $000’s 15,979 11,697
    Net earnings per common share attributable to shareholders of Orezone      
    Basic $ 0.03 0.03
    Diluted $ 0.03 0.03
    EBITDA1 $000’s 41,182 30,329
    Adjusted EBITDA1 $000’s 44,194 25,928
    Adjusted earnings attributable to shareholders of Orezone1 $000’s 18,690 7,736
    Adjusted earnings per share attributable to shareholders of Orezone1 $ 0.04 0.02
    Cash and Cash Flow Data      
    Operating cash flow before changes in working capital $000’s 39,986 26,485
    Operating cash flow $000’s 27,704 13,637
    Free cash flow1 $000’s 3,682 2,013
    Cash, end of period $000’s 102,016 15,597

    1 Cash costs, AISC, EBITDA, Adjusted EBITDA, Adjusted earnings, Adjusted earnings per share, and Free cash flow are non-IFRS measures. See “Non-IFRS Measures” section below for additional information.

    FIRST QUARTER HIGHLIGHTS

    • Safety Performance: Safety milestone of 20 million hours worked without a lost-time injury at the Bomboré Mine was achieved in March 2025 demonstrating the Company’s strong commitment to worker safety. In Q1-2025, 1.4M hours were worked without a lost-time injury and at a low total recordable injury frequency rate of 0.74 per million man hours. Sadly, an incident resulting in the death of one contractor employee occurred on May 8, 2025 at the hard rock expansion construction site. The Company is conducting a thorough investigation on the causes of the accident in order to further improve safety practices and procedures.
    • Improved Liquidity: Available liquidity rose to $130.9M at March 31, 2025 with $102.0M in cash and XOF 17.5 billion ($28.9M) available for drawdown on the Phase II term loan with Coris Bank International (“Coris Bank”). The Company remains well-funded to execute on its 2025 and future growth plans.   
    • Positive EBITDA, Net Earnings, and Earnings Per Share: Reported EBITDA of $41.2M, net earnings attributable to Orezone shareholders of $16.0M, and net earnings per share attributable to Orezone shareholders of $0.03 per share on a basic and diluted basis as earnings benefitted from the record rise in gold prices and unhedged gold sales in the current quarter. These earnings figures were 36%, 37%, and 5% higher, respectively, when compared against Q1-2024.
    • Free Cash Flow Generation: Generated free cash flow of $3.7M with cash flow from operating activities totalling $40.0M after deducting income taxes of $4.1M but before changes in non-cash working capital. Non-cash working capital increased by $12.3M primarily from the build-up of VAT receivables and long-term ore stockpiles. Cash flow used in investing activities totalled $24.0M reflecting a ramp-up in spending on the stage 1 of the Phase II hard rock expansion currently under construction. Strong operating cash flow funded the Company’s large capital programs and resulted in positive free cash flow for the current quarter.  
    • Stage 1 of Phase II Hard Rock Expansion – Tracking on Schedule and Budget: Project completion reached 45% at the end of Q1-2025 with total project costs at $34.3M after $19.0M was incurred in Q1-2025. The expansion continues to track towards first gold in Q4-2025 at a project budget of $90M – $95M. Once in commercial production, stage 1 of the expansion is expected to boost annual gold production of the Bomboré Mine to between 170,000 to 185,000 oz per year.
    • Debt Reduction of Phase I Financing: Principal repayments totalling XOF 3.0 billion ($4.8M) were made on the Company’s senior debt in Q1-2025. As of March 31, 2025, the principal on senior debt stood at XOF 39.5 billion ($65.2M), of which XOF 22.0 billion ($36.3M) related to Phase I.

    CORPORATE

    • Bought Deal Equity Offering: On March 13, 2025, the Company closed on a bought deal offering pursuant to which the Company issued 42,683,000 common shares at a price of C$0.82 per share for gross proceeds of C$35.0M. On March 19, 2025, the underwriter exercised its over-allotment option resulting in the Company issuing an additional 6,402,450 common shares at a price of C$0.82 per share for gross proceeds of C$5.3M. Gross proceeds from the offering totalled C$40.3M ($28.0M) with net proceeds at C$37.6M ($26.1M) after commission and other transaction costs. The Company intends to use the net proceeds from the offering towards the acceleration of stage 2 of the Phase II hard rock expansion, additional exploration, working capital, and general corporate purposes.
    • Proposed Australian Securities Exchange (“ASX”) Listing: The Company intends to pursue a secondary listing on the ASX by mid-2025, subject to market conditions and the satisfaction of ASX listing requirements as announced in its February 23, 2025 press release. The Company believes an ASX listing will improve its market trading liquidity, offer an opportunity to grow the Company’s shareholder base and research coverage, and provide a pathway for future index inclusion. Work with legal advisors and technical consultants on the ASX listing application continued to progress in Q1-2025.

    SUBSEQUENT EVENTS

    • Private placement with Nioko Resources Corporation (“Nioko”): On April 2, 2025, the Company closed a non-brokered private placement with Nioko for 10,719,659 common shares at a price of C$0.82 per share for gross proceeds of C$8.8M ($6.1M) in order to maintain its pro-rata share ownership in the Company.

    2025 GUIDANCE FOR BOMBORÉ MINE

    Bomboré Mine (100% basis) Unit FY2025 Guidance Q1-2025 Actuals
    Gold production Au oz 115,000 – 130,000 28,688
    All-In Sustaining Costs123 $/oz Au sold $1,400 – $1,500 $1,415
    Sustaining Capital12 $M $9 – $10 $3.2
    Growth capital (excluding Phase II Expansion) 12 $M $44 – $51 $7.7
    Growth capital – Stage 1 of Phase II Expansion12 $M $75 – $80 $19.0
    1. Non-IFRS measure. See “Non-IFRS Measures” section below for additional information.
    2. Foreign exchange rates used to forecast cost metrics include XOF/USD of 600 and CAD/USD of 1.35.
    3. Government royalties included in AISC guidance based on an assumed gold price of $2,600 per oz.

    Growth capital is expected to range between $119M to $131M on four major growth projects:

    No. Growth Capital Description Unit FY2025 Guidance Q1-2025 Actuals
    I Phase II Hardrock Expansion – Stage 1 $M $75 – $80 $19.0
    II Permanent Back-up Diesel Power Plant $M $22 – $24 $4.8
    III TSF Footprint Expansion – Cell 2 $M $11 – $13 $1.3
    IV Resettlement Action Plan (“RAP”) $M $11 – $14 $1.6
      Growth Capital Total $M $119 – $131 $26.7
             
      Phase II Hard Rock Expansion – Stage 2 $M No guidance provided –

    The Company has reserved guidance on 2025 expenditures for stage 2 of the Phase II hard rock expansion until the Company’s Board of Directors has issued a final investment decision to proceed with stage 2 expected later this year. Stage 2 would increase annual gold production to 220,000 – 250,000 oz.

    OPERATING HIGHLIGHTS

    Bomboré Mine, Burkina Faso (100% basis)   Q1-2025   Q1-2024
    Safety      
    Lost-time injuries frequency rate Per 1M hours 0.00   0.00
    Personnel-hours worked 000’s hours 1,357   1,410
    Mining Physicals      
    Ore tonnes mined tonnes 2,114,543   2,402,533
    Waste tonnes mined tonnes 4,018,182   3,123,099
    Total tonnes mined tonnes 6,132,725   5,525,631
    Strip ratio waste:ore 1.90   1.30
    Processing Physicals      
    Ore tonnes milled tonnes 1,511,303   1,355,619
    Head grade milled Au g/t 0.67   0.78
    Recovery rate % 87.9   89.0
    Gold produced Au oz 28,688   30,139
    Unit Cash Cost      
    Mining cost per tonne $/tonne 2.81   3.48
    Mining cost per ore tonne processed $/tonne 8.06   8.02
    Processing cost $/tonne 7.80   9.24
    Site general and admin (“G&A”) cost $/tonne 3.78   3.79
    Cash cost per ore tonne processed $/tonne 19.64   21.05
    Cash Costs and AISC Details      
    Mining cost (net of stockpile movements) $000’s 12,176   10,867
    Processing cost $000’s 11,782   12,520
    Site G&A cost $000’s 5,718   5,134
    Refining and transport cost $000’s 166   117
    Government royalty cost $000’s 6,602   5,132
    Gold inventory movements $000’s (951 ) 1,416
    Cash costs1on a sales basis $000’s 35,493   35,186
    Sustaining capital $000’s 3,199   4,018
    Sustaining leases $000’s 73   73
    Corporate G&A $000’s 2,182   2,069
    All-In Sustaining Costs1on a sales basis $000’s 40,947   41,346
    Gold sold Au oz 28,943   31,229
    Cash costs per gold ounce sold1 $/oz 1,226   1,127
    All-In Sustaining Costs per gold ounce sold1 $/oz 1,415   1,324

    1 Non-IFRS measure. See “Non-IFRS Measures” section below for additional details.

    BOMBORÉ PRODUCTION RESULTS

    Q1-2025 vs Q1-2024

    Gold production in Q1-2025 was 28,688 oz, a decrease of 5% from the 30,139 oz produced in Q1-2024. The lower gold production is attributable to a 14% decrease in head grades and 1% decrease in recovery rates partially offset by a 11% increase in plant throughput.

    Plant throughput of 1.51M tonnes in Q1-2025 continues to exceed nameplate design by 16% and was 11% higher than Q1-2024 as plant operating hours in Q1-2024 were reduced from the commissioning of grid power to site, a ball mill reline, and grid power interruptions. Hourly plant throughput was successfully improved starting in July 2024 by increasing the mill power draw and reducing residence time in the CIL circuit with only a minor loss in recovery. This higher hourly throughput has been maintained into 2025.

    The better head grades in Q1-2024 were from the sequencing of higher-grade pits in earlier periods of the mine plan and the preferential stockpiling of lower-grade ore mined.

    BOMBORÉ OPERATING COSTS

    Q1-2025 vs Q1-2024

    AISC per gold oz sold in Q1-2025 was $1,415, a 7% increase from $1,324 per oz sold in Q1-2024. The higher AISC is primarily the result of: (a) lower head grades and (b) greater per oz royalty costs from a 38% increase in the realized gold price ($2,851/oz vs $2,066/oz). This cost increase was partially offset by a reduction in power costs from the switch to lower-cost grid power in February 2024 and from a 11% increase in plant throughput resulting in economies for fixed costs. Grid utilization in Q1-2025 stood at 76%, a drop from 92% recorded in the second half of 2024, as site experienced higher occurrences of power dips from the national grid in Q1-2025, necessitating the use of back-up diesel gensets for longer periods. To avoid uncontrolled plant stoppages, Bomboré transferred power back to the grid only when stable.

    Cash cost per ore tonne processed in Q1-2025 was $19.64 per tonne, a decrease of 7% from $21.05 per tonne in Q1-2024, mainly as a result of a reduction in processing costs ($7.80/tonne vs $9.24/tonne) from the use of lower-cost grid power throughout Q1-2025 compared with only partial use in Q1-2024 as the connection to the national grid was not energized until February 2024.

    Mining cost per tonne has decreased in Q1-2025 when compared to Q1-2024 ($2.81/tonne vs $3.48/tonne) due to the greater proportion of material coming from the Siga pits which commenced mining in July 2024 resulting in less transition material and lower volume of drill-and-blast prior to excavation as softer oxide ore are mined in the upper benches of these new pits, and a shorter haul profile in comparison to ore mined from the A pits in Q1-2024. Mining unit costs in Q1-2025 also benefitted from less grade control drilling at a lower meterage cost as drilling in Q1-2024 was conducted using rented drills prior to the deployment of two new owner drills in the second half of 2024. However, the 19% decrease in unit mining cost was offset by a 46% jump in the strip ratio (1.90 vs 1.30).

    BOMBORÉ GROWTH CAPITAL PROJECTS

    Phase II Hard Rock Expansion

    First gold remains on schedule and costs are trending in line with budget. The concentrated scope of this expansion when compared to a greenfield project significantly reduces schedule and budget risks with start-up to benefit from the well-established mining, processing, and maintenance teams already on site.

    Construction of stage 1 of the Phase II hard rock expansion was officially approved by the Company’s Board in July 2024. Lycopodium Minerals Canada Ltd. was awarded the engineering and procurement contract and was chosen for their successful track record of designing and constructing numerous gold plants in West Africa, including the Company’s oxide plant which has consistently operated above nameplate design since start-up.

    Progress and milestones achieved in Q1-2025 include:

    • Project completion reached 45%, slightly ahead of schedule.
    • Engineering and drafting progress stood at 85%, ahead of the 73% planned.
    • Procurement is essentially complete with all equipment and materials ordered except for top-ups of remaining bulks such as cabling which will be placed once final quantities are determined. Order deliveries are advancing with CIL tank platework and major SAG mill components already received at site.
    • Concrete volume poured of 2,326 m3 (44% of estimated total) including SAG mill footings and start of jaw crusher wing walls.
    • Mobilization of structural/mechanical/piping (“SMP”) contractor to site including set-up of construction camp.
    • Installation of bottom plates on the 5 CIL tanks with first set of strakes on the first 4 tanks in progress.
    • Operational readiness activities have commenced with safety and recruitment plans under preparation.

    All major site installation contracts (concrete, SMP, electrical and instrumentation, and mill installation) have been signed with awards to the same contractors that successfully delivered on the Phase I oxide construction.

    As of March 31, 2025, the Company has incurred $34.3M in costs to-date against the project budget, of which $19.0M was incurred in Q1-2025.

    Permanent Back-Up Diesel Power Plant

    The installation of the standby power plant remains on track for final commissioning in October 2025. Layouts and drawings are finalized and purchase orders on all key equipment have been placed. At site, civil works are underway including initial concrete pours for the structural footings of the engine hall.

    The 18 Caterpillar diesel gensets have been packed for shipment and is currently awaiting export clearance prior to organizing transport to site.

    As of March 31, 2025, the Company has incurred $4.8M against the project budget.

    RAP Phases II and III

    BV2 resettlement site construction commenced in Q4-2024 and is divided into two distinct communities: BV2 Peuhl and BV2 Mossi. BV2 Peuhl construction and relocation was completed in Q1-2025 allowing for construction activities at BV2 Mossi to commence in the same quarter. Compensation payments to affected residents for loss of land, crops, trees, and private structures commenced in March 2025 with majority of payments expected to be completed in Q2-2025.

    As of March 31, 2025, the Company has incurred $1.6M in RAP costs for 2025.

    TSF Footprint Expansion – Cell 2

    Bush clearing and topsoil relocation of the Cell 2 basin was completed while placement and compaction of mining waste material on the eastern embankments of Cell 2 commenced in Q1-2025.

    As of March 31, 2025, the Company has incurred $1.3M in costs for 2025.

    NON-IFRS MEASURES

    The Company has included certain terms or performance measures commonly used in the mining industry that is not defined under IFRS, including “cash costs”, “AISC”, “EBITDA”, “adjusted EBITDA”, “adjusted earnings”, “adjusted earnings per share”, and “free cash flow”. Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore, they may not be comparable to similar measures presented by other companies. The Company uses such measures to provide additional information and they should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For a complete description of how the Company calculates such measures and reconciliation of certain measures to IFRS terms, refer to “Non-IFRS Measures” in the Management’s Discussion and Analysis for the three months ended March 31, 2025 which is incorporated by reference herein.

    CONFERENCE CALL AND WEBCAST

    The condensed interim consolidated financial statements and Management’s Discussion and Analysis are available at www.orezone.com and on the Company’s profile on SEDAR+ at www.sedarplus.ca. Orezone will host a conference call and audio webcast to discuss its first quarter 2025 results on May 14, 2025:

    Webcast
    Date:    Wednesday, May 14, 2025
    Time:    8:00 am Pacific time (11:00 am Eastern time)
    Please register for the webcast here:  Orezone Q1-2025 Conference Call and Webcast

    Conference Call
    Toll-free in U.S. and Canada: 1-800-715-9871
    International callers: +646-307-1963
    Event ID: 3969133

    QUALIFIED PERSONS

    The scientific and technical information in this news release was reviewed and approved by Mr. Rob Henderson, P. Eng, Vice-President of Technical Services and Mr. Dale Tweed, P. Eng., Vice-President of Engineering, both of whom are Qualified Persons as defined under NI 43-101 Standards of Disclosure for Mineral Projects.

    ABOUT OREZONE GOLD CORPORATION

    Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focussed on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A.  

    The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.

    Patrick Downey
    President and Chief Executive Officer

    Kevin MacKenzie
    Vice President, Corporate Development and Investor Relations

    Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
    info@orezone.com / www.orezone.com

    For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com.

    The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains certain information that constitutes “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur, and include, amongst other statements, the Phase II hard rock expansion will increase annual gold production and is expected to pour first gold in Q4-2025.

    All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel, the spread of diseases, epidemics and pandemics diseases, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual information form and management’s discussion and analysis filed on SEDAR+ on www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking statements.

    Forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to the Company’s ability to carry on current and future operations, including: development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.

    Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.

    The MIL Network –

  • MIL-OSI: Descartes’ Annual Ecommerce Study Shows Younger Consumers Driving Online Buying Growth – but 79% Have Experienced Delivery Problems

    Source: GlobeNewswire (MIL-OSI)

    LONDON and ATLANTA, May 14, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from How Smarter Home Delivery Wins Younger Consumers as Online Buying Slows, its fourth annual consumer sentiment study of ecommerce home delivery. The study shows that, in a slower growing ecommerce market, consumers aged 18-35 (“under 35s”) are the biggest contributor to online growth, increasing both the volume and frequency of their purchases over the last 12 months compared to the prior year. While 18% of overall consumers surveyed cut back on purchases during this period, 43% of under 35s increased their spending year-on-year compared to just 32% of over 65s (see Figure 1).

    Figure 1. Changes in online purchasing behavior

    In addition, this year’s survey found that 44% of under 35s made online purchases at least every two weeks—a significant jump over last year’s 33%. For the younger demographic, however, their levels of dissatisfaction with home delivery remain high with a significant 79% reportedly experiencing delivery problems compared to 66% of overall consumers surveyed.

    Moreover, for each delivery problem detailed in the survey, under 35s reported a higher percentage of negative experiences than overall respondents (see Figure 2). Conversely, over 65s reported a lower percentage of negative experiences than all respondents. Not only is the younger demographic the cohort driving growth in online purchasing, it also appears to be the group with the highest expectations for positive delivery experiences.

    Figure 2. Issues with home deliveries

    “The bottom-line impact of negative delivery experiences remains a pressing concern for retailers and their delivery partners, especially with the pace of ecommerce growth steadying post-pandemic,” said Mavi Silveira, SVP Global Marketing at Descartes. “While small improvements in home delivery performance have been made over the past few years, they’re not currently reflecting the quality experience consumers are demanding, especially the valuable under 35 cohort, as poor delivery experiences risks the potential lifetime customer value of this demographic.”

    Descartes and SAPIO Research surveyed 8,000 consumers in Europe and North America on their ecommerce buying behavior during the first three months of 2025. The goal was to gain a comprehensive view of the state of ecommerce and home delivery performance by understanding, for example, the reasons for increases or decreases in ecommerce purchases, the different types of goods purchased, the frequency of purchases, delivery preferences, delivery experiences and the impact of delivery failures on retailers and their delivery agents. The study also examines how consumer behaviors and perceptions vary across demographics. For the full report, read How Smarter Home Delivery Wins Younger Consumers as Online Buying Slows.

    Learn more about Descartes’ Home Delivery Solutions and its Ecommerce Shipping & Fulfillment Solutions.

    About Descartes

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

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

    Cautionary Statement Regarding Forward-Looking Statements

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/77f81b2d-ddd8-48b8-974d-26698f3133a0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/60a47827-611b-41e9-b7c0-eba8ee5e3956

    The MIL Network –

  • MIL-OSI Economics: Quinvexcaptial.com: BaFin warns consumers about Quinvex Capital

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The financial supervisory authority BaFin warns offers from Quinvex Capital. According to Their findings, the company, which also operates under the name Quinvex Capital GmbH, offers share recommendations and so-called day trading via various WhatsApp groups using alleged institutional accounts in an app. The unknown operators maintain another website at www.quinvexcapital.net. Contrary to its own claims, Quinvex Capital is not supervised by BaFin. According to the current status of the investigation, there is also no connection with Quinvex Capital, Denver, Colorado, USA.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin urges caution against stock recommendations in WhatsApp groups.

    In the ‘Recognising financial fraud’ section, you will find the latest warnings from BaFin about unauthorised companies and find out how you can protect yourself from further scams on the financial market.

    MIL OSI Economics –

  • MIL-OSI USA: Trahan Demands Release of Federal Funds for LowelFolk Festival & Merrimack Repertory Theatre

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    LOWELL, MA – Today, Congresswoman Lori Trahan (MA-03) requested the immediate reversal of the National Endowment for the Arts’ (NEA) decision to revoke federal grant funding for the Lowell Festival Foundation, which organizes the Lowell Folk Festival, and the Merrimack Repertory Theatre (MRT).
    “Together, the Lowell Folk Festival and MRT represent the heart of the arts in the Third District. They showcase local musicians, actors, and artists while providing residents with meaningful opportunities to engage with culture and creativity. Their loss would be a profound setback for our community,” said Congresswoman Trahan.
    Last week, the NEA notified local arts and culture organizations across the nation that their federal grants had been withdrawn. The Lowell Folk Foundation and MRT were both impacted, losing $20,000 in federal grant funding each. In her letter sent to Mary Anne Carter, who currently serves as Senior Advisor and was recently nominated by President Donald Trump to fill the vacant Chair position, Trahan pointed to the importance of both the festival and the theatre to local residents, the art community, and the region’s economy.
    “The Lowell Folk Festival, organized by the Lowell Festival Foundation, is the longest-running and second largest free folk festival in the nation. For more than 40 years, with the exception of a pause during the COVID- 19 pandemic, it has been a cornerstone of the region’s cultural and economic vitality. Drawing over 150,000 attendees annually from across the country, the festival generates approximately $7 million in local economic activity each year, boosting patronage at restaurants, hotels, and institutions such as the Lowell National Historical Park,” Congresswoman Trahan wrote in the letter.
    “The Merrimack Repertory Theatre (MRT) is equally essential to the cultural fabric of the Merrimack Valley. Over the past four decades, MRT has served more than two million residents, producing seven plays annually – many of them original or world premieres. Beyond its artistic achievements, MRT is a champion for arts education, providing thousands of young people with access to theater, whether through discounted matinees or immersive youth productions with professional-level staging,” Congresswoman Trahan continued.
    Trahan has long been a supporter of both the festival and MRT. During the COVID-19 pandemic, she secured $416,949 for the Lowell Festival Foundation and $544,686 for MRT to ensure they were able to resume operations. The funding came from the Shuttered Venue Operators Grant (SVOG) program, which was created when Trahan voted to pass the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and supplemented later by the American Rescue Plan Act.
    A copy of the letter sent today can be accessed HERE.
    ###

    MIL OSI USA News –

  • MIL-OSI Russia: Yuri Trutnev: The future of not only Russia, but the entire world depends on the development of the Arctic

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    On the eve of the government hour, Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev and Minister for the Development of the Far East and Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation.” Representatives of legislative and executive authorities of the Arctic regions took part in the event via videoconference.

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Previous news Next news

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    “For us, contact and communication with parliamentarians are of great importance. Many of the deputies work in the territories, communicate with people, solve issues of enterprise development and solve people’s problems that arise every day. We value both our joint legislative work and work with people in the territories. We are always ready for contact, discussion, and search for new solutions,” Yuri Trutnev opened the meeting.

    Five years ago, the head of state approved strategic documents for the development of the Arctic zone of Russia: the Fundamentals of the State Policy of the Russian Federation in the Arctic and the Strategy for the Development of the Arctic Zone and Ensuring National Security until 2035. Over the past period, with the participation of State Duma deputies, a regulatory framework for the development of the Arctic has been created: 16 federal laws, 7 decrees of the President and 75 acts of the Government.

    “The Arctic zone of the Russian Federation, as well as the Far Eastern Federal District, by decision of the President of the Russian Federation Vladimir Vladimirovich Putin, are defined as geostrategic territories, on the development of which depends the future of not only Russia, but also the entire world. The richest reserves of minerals, which make up a significant share of the all-Russian, and in some respects of the world, the Northern Sea Route, the military-strategic potential determine the importance of the region for the economy and defense capability of the country, and form an increased interest in the Arctic of the international community,” said Yuri Trutnev.

    Complex production projects are being implemented in the Arctic zone, high-tech enterprises and liquefied natural gas plants are being built, modern research stations and floating nuclear power plants are being created, and new nuclear icebreakers are being laid down at shipyards. “All of this is the result of the great work of people living in the Arctic. Those who live in Murmansk and Arkhangelsk, Norilsk and Naryan-Mar, Anadyr and Salekhard,” emphasized Yuri Trutnev.

    “The Arctic is a geostrategic territory of global scale. It is one of the key economic engines of Russia’s development. Today, the Arctic already produces 7.5% of the gross domestic product and 11% of Russia’s exports. The world’s largest zone with special conditions for doing business has been created. Our central task is to ensure such conditions for the life and work of people in the Arctic so that all plans for the development of the macroregion come true. Plans in which leading Russian companies are currently investing more than 35 trillion rubles. As the projects that have already begun are implemented, the importance of the Arctic in the economy, logistics and ensuring Russia’s national security will only increase,” noted Alexey Chekunkov, Minister for the Development of the Far East and the Arctic.

    “Russia is the leading Arctic power. Our country has a historical right to this title and, despite everything, consistently increases its presence in this region. This is our direct duty to our ancestors and descendants. After all, the basis of the historical conquest and development of the Russian Arctic was the heroic and selfless work of our compatriots. These are the expeditions of Toll, Sedov, Papanin, Schmidt, our respected, legendary polar explorer Artur Nikolaevich Chilingarov and others. All those whose work created the basis for the growth of our geostrategic advantage and economic potential. And today the determining geopolitical, economic, transport, environmental role of Russia in the Arctic should be recognized by the entire world community,” noted Nikolai Kharitonov, Chairman of the State Duma Committee for the Development of the Far East and the Arctic.

    An important part of the development of the Arctic economy has become the work to attract investment. The world’s largest special economic zone has been created. Attention is paid to the social sphere. Thanks to national projects and a single presidential subsidy, social infrastructure is being modernized in the Arctic: hospitals, clinics, schools, kindergartens, and gyms are being built. Decisions have been made to create new university campuses in Murmansk and Arkhangelsk. Developers are receiving support. Northerners can improve their housing conditions thanks to preferential Arctic mortgages. By decision of Russian President Vladimir Putin, master plans have been developed for 16 key Arctic settlements.

    International cooperation and development of the Northern Sea Route were discussed. Environmental issues were considered, including the elimination of landfills, abandoned industrial buildings, and accumulated hazardous waste. Attention was paid to the implementation of a program to support traditional economic activities of the indigenous peoples of the North.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Citizens in 2024 became more interested in credit histories

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The number of credit reports received by citizens in 2024 increased by 38%, and information about individual credit ratings increased by 22%.

    During this time, users of credit histories (banks, microfinance organizations and other organizations) were provided with 29% more reports than a year earlier.

    Demand for BKI services from MFIs is growing against the backdrop of an increase in the share of online loans in issuances. Over the year, services for providing them with a credit assessment (scoring) have grown by 40%.

    Information from a credit report allows lenders to reduce the volume of overdue debt in their portfolio – to issue funds to more solvent borrowers. According to the calculations of the Bank of Russia, every ruble spent on a credit report can reduce overdue debt by more than 200 rubles.

    For more detailed information, please see“Analytical review of the credit information system based on the results of 2024”.

    Preview photo: Irina Boldina / Shutterstock / Fotodom

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24598

    MIL OSI Russia News –

  • MIL-OSI Russia: Yuri Trutnev: The main theme of the EEF-2025 is “The Far East – cooperation for peace and prosperity”

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The main theme of the Eastern Economic Forum 2025, which will take place on September 3–6 in Vladivostok, will be “The Far East – Cooperation for Peace and Prosperity.” The organizer of the EEF is the Roscongress Foundation.

    “The Eastern Economic Forum is an opportunity to discuss economic, political and social issues not only in Russia but also throughout the world. This is the most important platform for developing cooperation in the Asia-Pacific region. The main theme of the forum this year is “The Far East: Cooperation for Peace and Prosperity”. Without cooperation, without mutually beneficial partnership, development is impossible. Unfortunately, we see what is happening in the modern world: unfounded political ambitions of some neighboring countries harm business interaction, humanitarian and scientific areas. But Russia is still open to cooperation. Preferential regimes are in effect in the Far East. Foreign investors have become residents of the territories of advanced development, the free port of Vladivostok. Now we are creating a new shell – an international territory of advanced development, which will give domestic and foreign partners mutually beneficial opportunities to strengthen the economies of our countries. Another area of interaction is the Northern Sea Route, the shortest transport corridor between Europe and the Far East. We will discuss these and other topics at the forum,” said Deputy Prime Minister – Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yuri Trutnev.

    The main theme reflects the fundamental principles on which the Eastern Economic Forum is based, noted Anton Kobyakov, Advisor to the President of Russia and Executive Secretary of the Organizing Committee for the preparation and holding of the EEF.

    “The anniversary, tenth Eastern Economic Forum will be held in 2025. Over the years, the EEF has established itself as an authoritative platform for the formation of models of mutually beneficial partnership in the Asia-Pacific region. The main theme of the upcoming forum reflects the value of equal international dialogue and peaceful coexistence as the foundations of sustainable development. At the same time, the special role of the EEF is to harmonize global economic trends with the tasks of socio-economic growth of the Russian Far East. I am confident that the forum will once again become an effective platform for developing solutions in key strategic areas that will become the basis for the prosperity of the macro-region,” Anton Kobyakov emphasized.

    The Eastern Economic Forum 2025 will be held on the campus of the Far Eastern Federal University.

    The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of national and international congress, exhibition, business, public, youth, sporting, and cultural events, created in accordance with the decision of the President of Russia.

    The Foundation was established in 2007 to promote the development of economic potential, advance national interests and strengthen Russia’s image. The Foundation comprehensively studies, analyses, formulates and covers issues on the Russian and global economic agenda. Provides administration and facilitates the promotion of business projects and the attraction of investments, promotes the development of social entrepreneurship and charitable projects.

    The Foundation’s events bring together participants from 209 countries and territories, more than 15,000 media representatives work annually at Roscongress venues, and more than 5,000 experts in Russia and abroad are involved in analytical and expert work.

    The Foundation interacts with UN structures and other international organizations. It develops multi-format cooperation with 212 foreign economic partners, associations of industrialists and entrepreneurs, financial, trade and business associations in 86 countries of the world, with 293 Russian public organizations, federal and regional executive and legislative bodies of the Russian Federation.

    Official telegram channels of the Roscongress Foundation: in Russian – T.Ta/Roscongress, in English – T.Ta/Roscongress, in Spanish – T.Ta/RoscongressP, in Arabic – T.Ta/Roscongressarabik. Official website and information and analytical system of the Roscongress Foundation: Roscongress.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: The deposit auction of the Moscow Small Business Lending Assistance Fund will take place on 14.05.2025

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

    Categories24-7, Mil-SOSI, Moscow, Moscow Stock Exchange, Russian Economy, Russian Federal, Russian Language, Russian economy

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    Date of the deposit auction 05/14/2025
    Placement currency Rub
    Maximum amount of funds placed (in placement currency) 122,000,000.00
    Placement period, days 9
    Date of deposit 05/14/2025
    Refund date 05/23/2025
    Minimum placement interest rate, % per annum 20.25
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 122,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Treaty General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 10:30 to 10:40
    Applications in competition mode from 10:40 to 10:45
    Setting a cut-off percentage or declaring the auction invalid until 10:55
       
    Additional terms Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of non-compliance of the Bank with the requirements established by clause 2.1. of the Regulation “On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS” (as amended on the date of the deposit transaction), early withdrawal at the “on demand” rate, payment of interest at the end of the term, without replenishment

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Questions and answers about transfer limits for citizens, information about which is contained in the Bank of Russia database

    Translation. Region: Russian Federal

    Source: Central Bank of Russia (2) –

    Updated: 24.01.2025

    If you have not entered into a credit agreement (loan agreement) and have not provided personal data for its execution, you must:

    1) inform the bank or microfinance organization that you did not enter into an agreement and did not receive money, and also request the agreement and other documents to it from the financial organization. In addition, you have the right to directly contact the credit bureau where your credit history is stored with a statement disputing information about a credit agreement (loan agreement) that you did not enter into. In this case, the correction (cancellation) of the entry in the credit history will be possible only if the creditor is ready to confirm the inaccuracy of the disputed data after conducting an internal audit;

    2) contact law enforcement agencies with a statement about the crime committed, attaching a copy of the statement to the bank or microfinance organization and reporting all the circumstances of the situation;

    3) If after contacting a bank or microfinance organization the problem with the fraudulent loan has not been resolved, you can file a claim with the court to recognize the credit agreement (loan agreement) as invalid or not concluded and to make changes to the credit history.

    You can also consult withCenter for legal assistance to citizens in the digital environment, which provides free legal assistance in restoring violated rights in connection with the illegal processing of personal data. This can be done by phone or email, through the form on the website, or by making an appointment for a personal meeting.

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

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: UK-Angola trade mission strengthens economic ties

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK-Angola trade mission strengthens economic ties

    British businesses explore Angola’s crucial sectors, forging partnerships for continued sustainable growth.

    His Majesty’s Ambassador Bharat Joshi welcomed UK Trade Envoy Calvin Bailey MBE MP and a delegation of over 20 UK businesses eager to explore investment opportunities in Angola’s rapidly expanding infrastructure, agriculture and financial services sectors.

    Together they have successfully launched their first trade and investment mission to Angola on 6 to 7 May 2025. This reaffirmed the UK’s commitment to fostering international partnerships that drive sustainable economic growth.

    HM Trade Envoy to Angola, Calvin Bailey MBE MP, Angolan Minister for Planning, Vitor Hugo Guilherme, HM Ambassador to Angola, Bharat Joshi, Angolan Deputy Minister for Industry, Carlos Carvalho and Director for Europe at the Angolan MFA, Ambassador Maria Cuandina de Carvalho

    During the mission, delegates engaged in strategic site visits to landmark projects, such as: the New Luanda International Airport and the Special Economic Zone (ZEE). These visits complemented a high-profile business forum in Luanda. British and Angolan leaders, including H.E. Minister of Planning Victor Hugo Guilherme, H.E. Deputy Minister for Industry Carlos Rodrigues and H.E. Deputy Minister for Public Investment Ivan dos Santos, discussed collaboration opportunities to deliver mutual economic benefits.

    His Majesty’s Ambassador Bharat Joshi highlighted the importance of the mission, stating:

    I am proud to welcome the first Trade Mission of my tenure, led by UK Trade Envoy Calvin Bailey MBE MP.

    UK companies have a fantastic record of creating local wealth and jobs, investing in local skills and markets and supporting development programmes that make a real difference in communities.

    The size of the delegation reflects our excitement about the opportunities in Angola to build sustainable, long-term partnerships that deliver for both our countries.

    Trade and investment remain central to the UK government’s international strategy, unlocking opportunities, generating high-quality jobs and improving livelihoods in both nations.

    UK Trade Envoy Calvin Bailey reinforced this vision, stating:

    Angola is a land of opportunity. This trade mission demonstrates the UK government’s commitment to forging stronger economic partnerships with Angola.

    With £2.5 billion in bilateral trade already flowing between our nations, we’re connecting British expertise with one of Africa’s most dynamic economies through engagements at transformative projects like the Luanda Special Economic Zone and the New Luanda International Airport, creating meaningful opportunities that deliver prosperity for both our nations.

    The mission has already delivered tangible results, with investment discussions underway and promising business relationships established. These efforts mark more than commercial transactions – they signify a deepening of the UK-Angola economic partnership, paving the way for long-term prosperity.

    Delegates visit to the New Dr. António Agostinho Neto in Luanda

    As the UK continues to strengthen its global trade relationships, this mission represents a significant milestone in fostering sustainable growth and opportunities that will benefit businesses and communities across both nations.

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Serious concerns over use of £22 million triggers investigation by charity regulator

    Source: United Kingdom – Government Statements

    News story

    Serious concerns over use of £22 million triggers investigation by charity regulator

    The Charity Commission has launched a statutory class inquiry into several charities and issued orders to temporarily restrict the issuing of cheques.

    The charity regulator for England and Wales has launched a statutory class inquiry into a group of charities where there is evidence that they are issuing or have issued cheques, which are then exchanged for cash.

    Following an unannounced visit by HMRC to a company in Hackney, 105 charities were found to have cashed cheques with it to a value of £22 million between December 2021 and March 2023.

    The 10 charities initially under inquiry are: Inspirations (1109974), Beis Aharon Charitable Trust Limited (1010420), Mifal Hachesed Vehatzedokoh (1139320), Friend of Beis Soroh Schneirer (1153647), One Heart – Lev Echod (1167227), Yad Vochessed Association Limited (1112797), Friends of Beis Chinuch Lebonos Trust (1153187), Chasdei Dov Trust (1181900), Friends of Mercaz Hatorah Belz Macnivka (1126075), The Rehabilitation Trust (288622).

    These 10 charities have been prioritised following an assessment of a range of factors, including the number of cheques issued, and total value of cheques cashed. The Commission expects to extend the number of charities under investigation over time.

    Using powers available to the Commission during an inquiry, the regulator will determine the facts around how these charities have transferred funds. It will also investigate how trustees had oversight of what happened to funds exchanged for the cheques, and if this cash has been used properly to support what the charities were set up to do. The Commission will seek to establish how trustees determined that these financial transactions were in their charity’s best interests.

    The regulator has issued an immediate order to temporarily stop any of the charities under inquiry from issuing cheques without its prior consent.

    The scope of the inquiry may also be extended if additional regulatory issues emerge during the Commission’s investigation.

    Notes to editors:

    1. The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its ambition is to be an expert regulator that is fair, balanced, and independent so that charity can thrive. This ambition will help to create and sustain an environment where charities further build public trust and ultimately fulfil their essential role in enhancing lives and strengthening society. Find out more: About us – The Charity Commission – GOV.UK
    2. A statutory inquiry is a legal power enabling the Commission to formally investigate matters of regulatory concern within a charity, or class of charities and to use protective powers for the benefit of the charity and its beneficiaries, assets, or reputation. An inquiry will investigate and establish the facts of the case so that the Commission can determine the extent of any misconduct and/or mismanagement; the extent of the risk to the charity, its work, property, beneficiaries, employees or volunteers; and decide what action is needed to resolve the concerns.
    3. Under section 76(3)(f) of the Charities Act 2011, the regulator has issued a restricted transactions order which will prohibit the issuing of cheques without the Commission’s written consent.
    4. The Commission’s guidance on internal financial controls can be found via this link: Internal financial controls for charities: protect your charity from fraud and loss (CC8)  – GOV.UK. It makes clear that pre-signed blank cheques should be prohibited under charities’ financial control policies.

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 14, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, reports that its Protection Fund held an average value of $561 million throughout April 2025, highlighting the exchange’s ongoing efforts to maintain strong security for its user base. The Protection Fund hit a high of $617M and a low of $496M for the month of April but maintained a strong average overall. The fund remains a key layer of protection against market instability, offering reassurance to users during a period of macroeconomic uncertainty and shifting investor sentiment in crypto markets.

    The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget’s risk mitigation framework.

    “Our Protection Fund continues to reflect the strength of Bitget’s long-term security strategy,” said Gracy Chen, CEO of Bitget. “As conditions in the crypto market evolve, the fund’s performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.”

    Launched in 2022 with an initial allocation of $300 million, the Protection Fund has more than doubled in size, bolstered by Bitget’s steady platform growth and smart financial management. Bitget’s security framework is built on a comprehensive, multi-layered approach that goes well beyond its $516M Protection Fund and 191% Proof of Reserves. With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing best-in-class protocols, the platform integrates SSL encryption and an advanced risk control system that actively monitors suspicious activity. This combination of rigorous standards and real-time protection has kept Bitget breach-free since 2018 and contributed to its AAA security rating and helped reinforce user confidence to set a benchmark for transparency across the industry.

    For more information and monthly updates on the Protection Fund, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d71d7905-324d-44e1-be39-0046857f39ac

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d3a3c692-7be0-41a9-9b0d-edd9ebc3511b

    The MIL Network –

  • MIL-OSI: WithSecure has resolved on a directed share issue

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Stock Exchange Release, 14 May 2025, at 13:00 EEST

    WithSecure has resolved on a directed share issue

    WithSecure’s Annual General Meeting, held on 18 March 2025, resolved to authorise the Board of Directors to resolve on the issuance of a maximum of 17,609,870 shares. The authorisation entitles the Board of Directors to resolve on the terms related to the share issue. A maximum of 2,000,000 shares may be used as part of share-based incentive schemes. The authorisation is valid until the conclusion of the next Annual General Meeting, in any case no later than until 30 June 2026.

    Based on this authorisation, the Board of Directors has resolved on a share issue without consideration as follows:

    1. The number of shares to be issued is 180,445 shares at the most. The shares to be issued are treasury shares.
    2. The shares will be issued to the Board of Directors as part of their compensation (128,221 shares), as well as the recipients of the Restricted Share Plan 2022-2024 reward shares (52,224 shares).
    3. There is a particularly weighty financial reason for deviating from the shareholders’ pre-emptive right as referred to in Chapter 9, Section 4, Paragraph 1 of the Finnish Companies Act given that the shares will be issued as part of the Company’s Board of Directors’ remuneration and share-based incentive schemes.

    Changes in own shares will be separately communicated after delivery of the shares.

    Contact information:
    Laura Viita
    VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    The MIL Network –

  • MIL-OSI: Best Crypto Casinos Canada: JACKBIT Rated Top Bitcoin Online Casino For Canadian Players!

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — JACKBIT has claimed the crown as the top online casino for instant crypto rewards in 2025, dominating Canada’s competitive iGaming landscape. Celebrated as the best crypto casino in Canada, JACKBIT blends lightning-fast payouts, a no-KYC policy, and bonuses that excite without demanding hefty upfront deposits. This platform has redefined crypto gambling for Canadians with its unwavering commitment to player satisfaction.

    <<<SIGN UP NOW AND EXPERIENCE THE BEST CRYPTO CASINO OF 2025 AT JACKBIT!>>>

    “We’re thrilled to be named the best crypto casino Canada offers in 2025. Our mission is to deliver a seamless, rewarding experience rooted in trust and transparency,” said a JACKBIT spokesperson.

    For Canadian casino fans, JACKBIT provides a low-risk entry into real-money gaming with instant crypto rewards and access to over 7,000 top-tier games. Whether you’re dipping your toes into crypto or are a seasoned gambler, JACKBIT sets a new benchmark for crypto casinos Canada adores. From immersive slots and live dealer tables to a robust sportsbook, JACKBIT caters to every gaming preference, standing out in a crowded online casino market.

    JACKBIT stands out as one of the best crypto casinos in Canada for 2025, offering players a seamless gaming experience with fast Bitcoin payouts and generous bonuses. Known for its no-KYC gaming, JACKBIT ensures privacy and security while players enjoy a wide variety of slots, table games, and live dealer options.

    Whether you’re new to crypto gaming or a seasoned player, JACKBIT’s player-centric features, including instant rewards and VIP perks, make it a top choice for Canadian players seeking excitement and reliable payouts.

    Getting Started with JACKBIT

    Joining JACKBIT is a breeze, tailored for Canadians eager to explore a new crypto casino:

    1. Visit the official JACKBIT website.
    2. Click “Sign Up” in the top-right corner.
    3. Enter minimal details (email, password, preferred currency).
    4. Choose a payment method (crypto or fiat) and deposit.
    5. Claim your 30% Rakeback and 100 free spins.
    6. Dive into 7,000+ games or the sportsbook.

    JACKBIT’s streamlined process makes it the best crypto casino Canada offers for accessibility.

    Bonuses & Promotions: Rewards That Deliver

    JACKBIT’s promotional offers are a key reason it’s ranked as the best crypto casino Canada has in 2025. New players kick off with a 30% Rakeback and 100 wager-free spins, with ongoing promotions including:

    • Weekly giveaways with $10,000 and 10,000 free spins.
      • Frequent Opportunities: Regular events mean more chances to win without extra deposits.
      • Player Value: High prize pools add excitement to every week.
      • Why It’s Great: Keeps you engaged with fresh rewards.
    • VIP Rakeback up to 30%, scaling with loyalty tiers.
      • Loyalty Boost: The more you play, the bigger the cashback.
      • Tailored Perks: Higher tiers unlock exclusive benefits.
      • Why It’s Great: Rewards dedication with tangible returns.
    • Pragmatic Drops & Wins with a €2,000,000 prize pool.
      • Massive Stakes: Huge prizes elevate everyday gaming.
      • Wide Reach: Available across multiple games for broad appeal.
      • Why It’s Great: Offers a shot at life-changing wins.
    • Social media bonuses for engaging on Twitter and Telegram.
      • Community Connection: Bonuses for joining the JACKBIT conversation.
      • Easy Access: Simple tasks like retweeting unlock rewards.
      • Why It’s Great: Adds fun beyond the games.
    • Regular slot and table game tournaments with cash prizes.
      • Competitive Edge: Battle for leaderboard spots and cash.
      • Inclusive Play: Open to all skill levels.
      • Why It’s Great: Adds a thrilling competitive layer.

    These fair, high-value bonuses make JACKBIT a standout among Canadian bitcoin casinos.

    <<>>

    A Deep Dive into JACKBIT’s Excellence

    JACKBIT’s 2025 ranking as Canada’s top crypto casino stems from a rigorous evaluation of player-focused criteria:

    • Licensing and Regulation
    • Game Variety and Quality
    • Bonuses and Promotions
    • Payment Flexibility and Speed
    • Security and Fair Play
    • Mobile Gaming Experience
    • Customer Support Quality
    • Sportsbook Features
    • Responsible Gambling Tools
    • No-KYC Benefits

    JACKBIT outperformed competitors in every category, cementing its status as the best bitcoin casino Canada trusts. Let’s unpack why with added insights and details.

    Licensing: A Pillar of Trust

    JACKBIT operates under a Curacao Gaming License, a respected credential in the crypto gambling world. This license mandates adherence to fair play and security standards, with regular audits ensuring compliance. While some players may prefer licenses from Malta or Ontario’s iGaming authority, Curacao’s framework enables JACKBIT to serve a global audience, including Canadians, while maintaining transparency.

    • Global Accessibility: The Curacao license allows JACKBIT to welcome players from diverse regions, making it a versatile choice for Canadians seeking international gaming options.
    • Player Confidence: Regular audits mean your gameplay and funds are protected, letting you focus on the fun.
    • Regulatory Balance: Curacao strikes a balance between flexibility and oversight, ideal for crypto-focused platforms.

    For those searching for the best BTC casino, JACKBIT’s licensing provides a secure, reliable foundation for worry-free gaming.

    Game Variety: A World of Choices

    With over 7,000 games from 85 premier providers like NetEnt, Evolution Gaming, Microgaming, and Pragmatic Play, JACKBIT’s library is a major draw. It’s a cornerstone of why it’s hailed as the best crypto casino Canada offers. Here’s the breakdown:

    • Slots: Over 5,000 titles, from classic fruit machines to modern video slots like Gold Party and Chilli Heat. Players can explore 180+ Megaways titles and progressive jackpots with life-changing payouts.
      • Endless Themes: From adventure to mythology, slots cater to every interest, keeping sessions fresh.
      • Jackpot Appeal: Games like Mega Moolah offer million-dollar prizes, drawing thrill-seekers.
      • Why It’s Great: Variety ensures there’s always a new slot to discover.
    • Table Games: A rich selection including blackjack (Power Blackjack, Infinite Blackjack), roulette (European, Lightning), poker (Texas Hold’em), baccarat, and craps.
      • Strategic Depth: These games reward skill, appealing to players who enjoy outsmarting the house.
      • Variety Boost: Multiple variants keep classics exciting.
      • Why It’s Great: Perfect for both casual and seasoned players.
    • Live Dealer Games: Powered by Evolution Gaming, the live section features Live Blackjack, Live Roulette, Live Baccarat, and game shows like Dream Catcher and Crazy Time.
      • Real-Time Thrills: Interact with professional dealers for an authentic casino vibe.
      • Social Edge: Chat features create a community feel.
      • Why It’s Great: Brings the casino floor to your screen.
    • Sportsbook: A comprehensive platform covering 140+ sports, with 82,000+ live monthly events and 4,500+ betting types, including hockey, basketball, and e-sports.
      • Canadian Focus: Heavy emphasis on hockey aligns with national passion.
      • Live Betting: Real-time odds keep the action intense.
      • Why It’s Great: Ideal for sports fans and casual bettors alike.
    • Specialty Games: Casual options like bingo (Shamrock Bingo), scratch cards, and crypto-friendly mini-games such as Aviator and Plinko.
      • Quick Play: Low-stakes games for relaxed fun.
      • Crypto Fit: Mini-games designed for fast crypto bets.
      • Why It’s Great: Perfect for a quick gaming break.
    • Virtual Sports: 24/7 betting on simulated events like virtual football, horse racing, and greyhound racing.
      • Non-Stop Action: Bet anytime, regardless of real-world schedules.
      • Realistic Graphics: Advanced algorithms mimic live sports.
      • Why It’s Great: Keeps the excitement going around the clock.

    This vast selection ensures JACKBIT remains a top Canada bitcoin casino for players seeking variety and quality.

    <<>>

    Payment Flexibility: Fast and Secure

    JACKBIT excels as an instant payout casino, supporting over 17 cryptocurrencies, including Bitcoin, Ethereum, Tether, Solana, and Dogecoin. Crypto transactions are instant and fee-free, offering unmatched convenience. Traditional options include:

    • Visa and MasterCard: Instant deposits, withdrawals in 1-3 days.
    • Google Pay and Apple Pay: Instant mobile deposits.
    • Bank transfers: Withdrawals in 3-5 days.

    With high withdrawal limits (up to $10,000 weekly) and robust SSL encryption, JACKBIT ensures secure, flexible banking, reinforcing its position as the best bitcoin casino Canada has.

    <<>>

    Security: A Safe Haven

    Security is paramount at JACKBIT, a trusted online casino. The platform uses SSL encryption and blockchain technology to protect player data and transactions. Provably fair games and Random Number Generators (RNGs) guarantee unbiased outcomes, making JACKBIT one of the safest crypto casinos Canada offers. The no-KYC policy enhances privacy, allowing instant withdrawals without verification while maintaining trust.

    • Blockchain Transparency: Verify transactions for added peace of mind.
    • Fairness Certified: Independent audits confirm game integrity.
    • Why It’s Great: Play confidently knowing your experience is secure.

    Mobile Gaming: Play on the Go

    JACKBIT’s mobile-optimized platform delivers a seamless experience on iOS and Android without a dedicated app. Players can access the full game library, deposit instantly, and claim bonuses anywhere. The responsive design ensures smooth navigation, making JACKBIT a top choice for mobile gamblers seeking the best crypto casino Canada has.

    • Cross-Device Sync: Switch between phone and desktop without losing progress.
    • Intuitive Interface: Easy navigation on smaller screens.
    • Why It’s Great: Game wherever life takes you.

    Customer Support: Always Ready

    JACKBIT offers 24/7 live chat support in multiple languages, including English, French, and Spanish, resolving queries within minutes. Email support and a comprehensive FAQ section provide additional resources. Player feedback highlights the team’s professionalism, cementing JACKBIT’s reputation as a trusted Canada bitcoin casino.

    • Bilingual Support: French options cater to Canada’s diverse population.
    • Fast Response: Issues are handled promptly, day or night.
    • Why It’s Great: Reliable help enhances the player experience.

    Sportsbook: Betting Done Right

    JACKBIT’s sportsbook is a standout, covering 140+ sports, including hockey, basketball, tennis, and e-sports. With 82,000+ live monthly events and 4,500+ betting types, it caters to sports enthusiasts. Live streaming and competitive odds make JACKBIT the best BTC casino for Canadian sports fans.

    • Hockey Focus: Extensive NHL betting options resonate with Canadians.
    • Live Action: Real-time updates keep bets engaging.
    • Why It’s Great: A must for sports betting lovers.

    Responsible Gambling: Prioritizing Well-Being

    JACKBIT promotes player safety with tools like deposit limits, self-exclusion, reality checks, and links to organizations like GamCare and Gambling Therapy. These features ensure a fun, controlled experience, aligning with the standards of safe crypto casinos Canada trusts.

    • Proactive Measures: Tools help you set boundaries before issues arise.
    • Support Access: Resources are a click away for those needing help.
    • Why It’s Great: Keeps gaming enjoyable and responsible.

    No-KYC Benefits: Privacy First

    JACKBIT’s no-KYC policy allows anonymous play and withdrawals, a game-changer for privacy-conscious players. This feature, paired with fast crypto payouts, makes it the best crypto casino Canada offers for discreet gaming.

    • Hassle-Free: Skip ID checks and play instantly.
    • Secure Anonymity: Your data stays private without compromising safety.
    • Why It’s Great: Ideal for players valuing personal freedom.

    Crypto Gambling Trends in Canada

    Crypto gambling is booming in Canada, driven by growing cryptocurrency adoption and frustrations with traditional banking restrictions. Platforms like JACKBIT are at the forefront, offering solutions that align with these trends:

    • Increased Crypto Use: More Canadians hold Bitcoin and Ethereum, making crypto casinos a natural fit.
    • Privacy Demand: No-KYC platforms like JACKBIT cater to players seeking discretion.
    • Tech Integration: Blockchain and fast transactions enhance gameplay.
    • Why JACKBIT Leads: Its crypto-first approach makes it the best crypto casino Canada embraces.

    This alignment with market shifts positions JACKBIT as a leader in the new crypto casino space.

    Player Psychology: Why Canadians Choose JACKBIT

    Canadians are drawn to crypto casinos like JACKBIT for several psychological reasons:

    • Control and Freedom: No-KYC and instant payouts empower players to manage their gaming.
    • Risk-Reward Balance: Bonuses like Rakeback offer rewards without high stakes.
    • Community Appeal: Social media bonuses and tournaments foster a sense of belonging.
    • Why It Works: JACKBIT taps into these drivers, making it a top Canada bitcoin casino.

    Understanding these motivations highlights why JACKBIT resonates as the best online crypto casino.

    JACKBIT’s Community Initiatives

    Beyond gaming, JACKBIT builds a vibrant community:

    • Charity Drives: Partners with Canadian organizations to support local causes.
    • Player Events: Hosts virtual meetups for fans to connect.
    • Feedback Forums: Actively incorporates player suggestions for platform improvements.
    • Why It Matters: Strengthens loyalty and makes JACKBIT a crypto casino Canada loves.

    These efforts create a dynamic, inclusive environment for players.

    Regulatory Landscape for Crypto Gambling in Canada

    Canada’s gambling laws are evolving, with provinces like Ontario regulating online gaming while crypto remains a gray area. JACKBIT’s Curacao license ensures compliance with international standards, but future Canadian regulations could shape the industry:

    • Potential Licensing: Provinces may introduce crypto-specific rules.
    • Player Protections: Enhanced safeguards could boost trust.
    • JACKBIT’s Advantage: Its global license and no-KYC model keep it flexible, reinforcing its status as the best crypto casino Canada offers.

    Staying ahead of these changes ensures JACKBIT’s long-term success.

    JACKBIT’s Innovation Pipeline

    JACKBIT is poised to stay ahead with planned enhancements:

    • New Cryptos: Adding support for emerging coins like Cardano.
    • AR/VR Gaming: Testing immersive slot and live dealer experiences.
    • AI Personalization: Tailoring game suggestions based on player habits.
    • Why It’s Exciting: These innovations keep JACKBIT the best crypto casino Canada looks to in the future.

    This forward-thinking approach ensures continued leadership.

    Why JACKBIT Reigns Supreme in 2025

    JACKBIT’s blend of no-KYC freedom, instant crypto payouts, and an unmatched game library makes it the best crypto casino Canada offers. Its focus on security, player rewards, and innovation creates a gaming experience that’s hard to beat, whether you’re a casual player or a high roller.

    <<>>

    Final Words About The Best Crypto Casino Canada

    JACKBIT combines anonymous, no-KYC gameplay with lightning-fast crypto payouts and an extensive game selection, setting a new benchmark in online gaming. With generous promotions, strong security measures, and a user-first approach, it offers both excitement and peace of mind. While its Curacao license may not be the strictest, JACKBIT reinforces player trust through transparent practices and responsible gambling features.

    Despite being a newer name in the industry, JACKBIT has quickly emerged as a leader among the best online casinos Canada, delivering a seamless experience tailored to both casual players and high-stakes users.

    Contact: support@jackbit.com

    Disclaimer & Affiliate Disclosure

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. Gambling carries risks; verify information and play responsibly. You must be 19 (or 18 in some provinces) to gamble legally in Canada. Laws vary, so comply accordingly. We may earn commissions from links at no extra cost to you. Our JACKBIT review is unbiased, based on thorough research.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7840cef4-dbeb-4803-a97c-446bf76ebb69

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7f7df58a-8a1d-4354-939e-cf0308241911

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4806fed5-7d61-4c01-bd3a-78d597ea26bd

    The MIL Network –

  • MIL-OSI: Best Crypto Casinos Australia: JACKBIT Picked As Top Bitcoin Casino For Aussie Gamblers!

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) — Looking for the best crypto casino in Australia? Our expert team has carefully reviewed and selected the top platform for Aussie players, focusing on strict criteria and real feedback from the local gaming community. After evaluating numerous options, we’ve identified a standout that excels in game variety, bonuses, security, and user experience, delivering a top-notch crypto gambling Australia experience.

    VISIT JACKBIT NOW & CLAIM YOUR WELCOME BONUSES!

    Among the contenders, JACKBIT shines as the leading Bitcoin casino Australia for 2025, earning a stellar 4.9/5 rating. Launched in 2022, this crypto casino Australia offers a no KYC policy, lightning-fast crypto transactions, and a massive library of over 6,600 games, making it ideal for online casino real money play. In this detailed review, we’ll dive into why JACKBIT is likely the best crypto casino Australia, covering its features, bonuses, games, and more.

    JACKBIT: The Best Crypto Casino Australia

    JACKBIT ticks all the boxes for the best crypto casinos in Australia, making it our top pick for 2025. Established in 2022, JACKBIT operates under a Curacao eGaming license, ensuring it meets international standards for fairness and security.

    It’s no KYC policy lets Australian players sign up and play anonymously, a major plus for those prioritizing privacy in crypto gambling in Australia. With instant crypto withdrawals processed in seconds, JACKBIT delivers the speed expected from a high-payout Australian crypto casino, allowing players to access winnings without delay.

    The welcome bonus—a 30% rakeback, no KYC, and 100 free spins with no wagering requirements—gives new players a great start, letting them explore the platform’s vast game selection. Ongoing promotions, like VIP rakeback and exciting tournaments, keep the rewards flowing, enhancing the Bitcoin casino bonus offerings.

    Boasting over 6,600 games from 91 top providers and a robust sportsbook, JACKBIT caters to every taste, cementing its status as a premier Bitcoin casino in Australia.

    READY TO PLAY? JOIN JACKBIT CASINO AND CLAIM YOUR BONUS!

    JACKBIT – The Top Bitcoin Casino Australia for Fast Payouts

    Since its debut in 2022, JACKBIT has likely transformed the best crypto casino Australia landscape with its innovative features and player-centric design. The no KYC policy is a standout, allowing Aussie players to register and play without sharing personal details, ensuring maximum privacy.

    As a leading crypto casino in Australia, JACKBIT processes crypto transactions instantly, enabling deposits, gameplay, and withdrawals in minutes—a hallmark of new crypto casinos.

    New players enjoy a 30% rakeback, no KYC, and 100 free spins with no wagering requirements on select promotions, making it one of the most enticing Bitcoin casino bonuses available.

    Ongoing offers include a VIP Rakeback Club with up to 30% rakeback, weekly giveaways with $10,000 prize pools, and Pragmatic Play’s Drops & Wins tournaments with a €2,000,000 prize pool, adding significant value for crypto gambling Australia fans.

    JACKBIT’s game library, powered by industry giants like Pragmatic Play, Evolution Gaming, and Play’n GO, features over 6,600 titles, from high-RTP crypto slots Australia to live dealer tables and a sportsbook covering 140+ sports. Its sleek, intuitive interface, available in 10 languages including English, ensures easy navigation for Australian players. Advanced SSL encryption safeguards player data, and 24/7 customer support via live chat and email offers prompt assistance, making JACKBIT a top Australian crypto casino.

    Bonuses at JACKBIT Casino

    JACKBIT offers a range of bonuses to enhance the crypto casino Australia experience:

    • Welcome Bonus: 30% rakeback + 100 free spins with no wagering requirements, plus no KYC for crypto users.
    • VIP Rakeback Club: Up to 30% rakeback for loyal players.
    • Weekly Giveaways: $10,000 prize pools for exciting competitions.
    • Pragmatic Play Drops & Wins: €2,000,000 prize pool in tournaments.
    • 3+1 FreeBet: Place three bets, get one free in the sportsbook.
    • Bet Insurance: 10% cashback on select sports bets.
    • Social Media Bonuses: Exclusive offers via JACKBIT’s social channels.
    • NBA Playoffs Cashback: Special promotions during major sports events.

    CLAIM YOUR 30% RAKEBACK + 100 FREE SPINS AT JACKBIT!

    Always review bonus terms to ensure eligibility and maximize rewards.

    Pros and Cons of JACKBIT Casino

    Here’s a balanced look at JACKBIT as a crypto casino Australia:

    Pros:

    • No KYC policy for maximum privacy in crypto gambling Australia.
    • Instant crypto deposits and withdrawals, perfect for online Bitcoin casino play.
    • Over 6,600 games, including crypto slots Australia, live dealers, and sports betting.
    • Generous 30% rakeback + 100 free spins with no wagering requirements.
    • Supports 16+ cryptocurrencies for secure, seamless transactions.
    • 24/7 multilingual customer support via live chat and email.
    • Mobile-optimized for best crypto casino Australia gaming on the go.
    • High-payout games with competitive RTPs for online casino real money play.

    Cons:

    • Launched in 2022, it may lack the long-term reputation of older Bitcoin casinos Australia.
    • Some bonuses have specific terms that require careful review.
    • Traditional payment withdrawals (1-3 days) are slower than crypto.

    How to Join JACKBIT – The Best Crypto Casino Australia

    Joining JACKBIT, likely the best crypto casino Australia, is quick and straightforward for Aussie players:

    1. Visit JACKBIT Casino: Click Here to Head to JACKBIT Casino and click the sign-up button.
    2. Create Your Account: Enter an email and password. The no KYC policy means no personal details are needed for crypto users.
    3. Make Your First Deposit: Choose a payment method (e.g., Bitcoin, Ethereum, Visa, or PayID) and deposit at least $10 or equivalent to unlock the welcome bonus. For crypto, scan the QR code or copy the wallet address.
    4. Claim Your Bonus: Get 100 free spins instantly for top crypto slots Australia like Gates of Olympus.
    5. Start Playing: Dive into 6,600+ games or bet on sports with your Bitcoin casino bonus.

    Pro Tip: Verify your email and check the promotions page for the latest bonus codes to ensure smooth activation. Save your wallet address for faster future deposits to enhance your crypto casino Australia experience.

    How We Selected JACKBIT as the Best Crypto Casino Australia

    Our selection of JACKBIT as the best crypto casino Australia involved a thorough evaluation tailored to Australian players’ needs in crypto gambling Australia. Here’s how we assessed it:

    • Licensing and Regulation: JACKBIT holds a Curacao eGaming license, ensuring compliance with global standards. We confirmed its legitimacy for Aussie players.
    • Security Measures: Advanced SSL encryption and provably fair games protect data and ensure transparency.
    • Game Variety and Quality: Over 6,600 games from 91 providers, including slots, table games, live dealers, and a sportsbook, cater to all preferences.
    • Bonuses and Promotions: The 30% rakeback + 100 free spins welcome bonus, with no wagering on select offers, outshines competitors. Ongoing promotions add value.
    • Payment Methods: Supports 16+ cryptocurrencies and traditional options like PayID, with instant crypto transactions and low fees.
    • Customer Support: 24/7 live chat and email support in multiple languages ensure quick query resolution.
    • User Experience: A mobile-optimized, intuitive interface in 10 languages offers seamless navigation.
    • Player Feedback and Reputation: Positive reviews on platforms like Trustpilot (4.4/5) highlight fast payouts and game variety, though some note bonus term complexity.
    • Responsible Gambling Measures: Tools like deposit limits and self-exclusion promote safe play.
    • Market Position and Innovation: Support for emerging cryptocurrencies like Solana and provably fair games positions JACKBIT as forward-thinking.

    JACKBIT’s outstanding performance, especially its no KYC policy and instant withdrawals, makes it the best crypto casino Australia for 2025.

    START WINNING WITH NO KYC AND INSTANT WITHDRAWALS AT JACKBIT!

    Best Crypto Casino Australia Games at JACKBIT

    JACKBIT’s game library is a key reason it’s the best crypto casino Australia, offering over 6,600 titles from 91 providers for online casino real money play:

    • Online Slots:
      • Gates of Olympus (Pragmatic Play, 96.50% RTP): Mythological slot with 5,000x max win.
      • Sweet Bonanza (Pragmatic Play, 96.49% RTP): Candy-themed slot with 21,175x max win.
      • Book of Dead (Play’n GO, 96.21% RTP): Adventure slot with 5,000x max win.
      • Mega Moolah (Microgaming, 88.12% RTP): Progressive jackpot slot with multi-million-dollar payouts.
      • Wolf Gold (Pragmatic Play, 96.01% RTP): 5-reel slot with 5,000x max win.
      • Starburst (NetEnt, 96.09% RTP): Vibrant slot with 500x max win.
    • Table Games:
      • Blackjack: Variants like Classic and Multi-Hand with low house edges.
      • Roulette: European, American, and French options for classic thrills.
      • Poker: Caribbean Stud, Three Card Poker, and Texas Hold’em.
      • Baccarat: Simple rules and high payouts for high rollers.
    • Live Dealer Games: Over 250 tables from Evolution Gaming, including:
      • Lightning Roulette: Multipliers up to 500x.
      • Infinite Blackjack: Unlimited players with side bets.
      • Crazy Time: Interactive game show with bonus rounds.
      • Baccarat Squeeze: Suspenseful card reveals.
    • Sportsbook: Covers 140+ sports, with 82,000+ monthly live events and 75,000+ pre-match events, including AFL, NRL, and esports like CS:GO.
    • Specialty Games:
      • Scratch Cards: Quick-win games like Scratch Dice.
      • Keno: Lottery-style games for casual play.
      • Virtual Sports: Simulated events like virtual football.

    START PLAYING AND WIN BIG AT JACKBIT CASINO!

    Best Crypto Casino Australia Payment Methods at JACKBIT

    JACKBIT’s payment system is built for speed and flexibility, making it a top no KYC crypto casino for Australian players:

    Payment Method Type Processing Time Minimum Deposit Notes
    Bitcoin (BTC) Cryptocurrency Instant $ 10 Fee-free, anonymous
    Ethereum (ETH) Cryptocurrency Instant $ 10 High security
    Tether (USDT) Cryptocurrency Instant $ 10 Stablecoin, low volatility
    Solana (SOL) Cryptocurrency Instant $ 10 Low fees, fast transactions
    Binance Coin (BNB) Cryptocurrency Instant $ 10 Versatile, ecosystem support
    Visa/MasterCard Traditional Instant (deposits), 1-3 days (withdrawals) $ 10 Widely accepted
    PayID Traditional Instant (deposits), 1-3 days (withdrawals) $ 10 Fast, linked to bank accounts
    Bank Transfer Traditional 1-5 days $ 50 Suitable for high rollers
    Skrill/Neteller E-Wallet Instant (deposits), 1-2 days (withdrawals) $ 10 Secure, private transactions

    JACKBIT’s crypto focus, alongside traditional options like PayID, ensures seamless transactions for online casino real money play.

    ENJOY FAST, SECURE TRANSACTIONS AND BIG WINS AT JACKBIT!

    Why Choose Crypto Casinos Australia?

    Crypto casinos offer unique benefits over traditional platforms, making them a top choice for crypto gambling Australia:

    • Privacy and Anonymity: No KYC policies like JACKBIT’s allow anonymous play.
    • Speed and Efficiency: Crypto transactions are near-instant, unlike traditional methods.
    • Enhanced Security: Blockchain ensures secure, transparent transactions.
    • Lower Costs: Minimal or no fees compared to bank transfers.
    • Innovative Features: Provably fair games enhance trust.
    • Global Access: Bypasses banking restrictions for Aussie players.

    These advantages make JACKBIT a leading new crypto casino for 2025.

    The Rise of Crypto Gambling Australia: Why JACKBIT Leads

    The crypto gambling Australia market is booming, fueled by growing cryptocurrency adoption and demand for privacy-focused gaming. As Australians increasingly embrace digital currencies, platforms like JACKBIT lead the charge with innovative features. Its no KYC policy, support for emerging cryptocurrencies like Solana, and extensive game library position it as a top Bitcoin casino Australia, meeting the evolving needs of Aussie players.

    Tips for Winning Big at JACKBIT

    Maximize your success at JACKBIT with these strategies for crypto casino Australia players:

    1. Pick High-RTP Games: Choose slots like Gates of Olympus (96.50% RTP) for better odds.
    2. Use Bonuses Smartly: Leverage the 30% rakeback and free spins to boost your bankroll.
    3. Manage Your Bankroll: Set a budget for each session to play responsibly.
    4. Learn Game Strategies: Study blackjack or poker tactics to reduce the house edge.
    5. Join Tournaments: Participate in Drops & Wins for a chance at €2,000,000 prizes.
    6. Bet Wisely on Sports: Research AFL or NRL teams for smarter bets.
    7. Use Responsible Gambling Tools: Set deposit and time limits for safe play.
    8. Stay Updated: Follow JACKBIT’s social media for exclusive Bitcoin casino bonus offers.

    These tips can enhance your online Bitcoin casino experience at JACKBIT.

    JACKBIT Conclusion: The Best Crypto Casino in Australia for 2025

    After a comprehensive review, JACKBIT stands out as the best crypto casino Australia for 2025. It’s no KYC policy ensures privacy, while instant crypto transactions offer unmatched convenience. With over 6,600 games, a robust sportsbook, and generous bonuses, JACKBIT delivers endless entertainment and value. Advanced security, 24/7 support, and a mobile-friendly platform make it the ultimate Australian crypto casino. Join JACKBIT Casino today to experience the future of Bitcoin gambling in Australia!

    Frequently Asked Questions

    • What makes JACKBIT the best crypto casino Australia?

    JACKBIT offers no KYC privacy, instant crypto withdrawals, 6,600+ games, and a 30% rakeback bonus.

    • Is JACKBIT legal for Australian players?

    Licensed by Curacao eGaming, JACKBIT is accessible, but check local gambling laws.

    • What cryptocurrencies does JACKBIT accept?

    Bitcoin, Ethereum, Tether, Solana, Binance Coin, and 16+ others.

    • How fast are withdrawals at JACKBIT?

    Crypto withdrawals are instant; traditional methods take 1-3 days.

    • Does JACKBIT offer a welcome bonus?

    Yes, 30% rakeback + 100 free spins with no wagering requirements.

    • What games are available at JACKBIT?

    Slots, table games, live dealers, and a sportsbook with 140+ sports.

    • Is there customer support at JACKBIT?

    24/7 live chat and email support in multiple languages.

    • How does the no KYC policy work at JACKBIT?

    Crypto users play anonymously without identity verification.

    • Are there fees for transactions at JACKBIT?

    Crypto transactions are fee-free; traditional methods may have fees.

    • What responsible gambling tools does JACKBIT provide?

    Deposit limits, loss limits, session time limits, and self-exclusion.

    Email: support@JACKBIT.com

    Legal Disclaimer

    This content is for informational and entertainment purposes only and does not constitute legal, financial, or gambling advice. Information is provided “as is,” with no warranties regarding accuracy or completeness. Readers must verify details and ensure compliance with Australian gambling laws. Gambling carries financial risks and potential addiction. Gamble responsibly, wagering only what you can afford to lose. Seek help from organizations like Gambling Help Online if needed. Some links may be affiliate links, earning a commission at no cost to you. JACKBIT is licensed outside Australia and may be restricted in some regions.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/777c7ae6-e626-481f-9171-b0b463dd8530

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f4ad0782-34b0-427b-bcb9-9e44eef71090

    The MIL Network –

  • MIL-OSI New Zealand: Trade Minister to meet US Trade Representative at APEC in Korea

    Source: NZ Music Month takes to the streets

    Trade and Investment Minister Todd McClay travels to Korea today for the annual Asia-Pacific Economic Cooperation (APEC) Trade Ministers meeting where he will meet with APEC and CPTPP trading partners including a first in person meeting with United Stated Trade Representative Jamieson Greer.

    “These meetings are an opportunity to advocate for New Zealand exporters, discuss our strong and mutually beneficial trade relationships, and restate New Zealand’s opposition to high tariff regimes,” Mr McClay says.

    While in Jeju, Minister McClay will meet with Ministers from: Australia, China, Chile, Indonesia, Japan, Korea, Peru, Singapore and the United States where he will talk about the need for certainty for consumers and exporters.  

    APEC’s 21 economies receive over 75 per cent of New Zealand’s exports and represent nearly 60 per cent of global GDP. 

    “Open and fair market access remains a priority for our Government as we look to double the value of exports in 10 years and grow the economy,” Mr McClay says. 

    “This meeting is an opportunity to deepen our connections with these major economic partners and support New Zealand exporters.”

    MIL OSI New Zealand News –

  • MIL-OSI USA: NASA Hosts Industry, Government, Academia to Explore Partnerships

    Source: NASA

    On April 29, more than 90 representatives from industry, U.S. federal labs, government agencies, and academia gathered at NASA’s Ames Research Center in California’s Silicon Valley to learn about the center’s groundbreaking research and development capabilities. The three-day event provided insight into the many ways to collaborate with NASA, including tapping into the agency’s singular subject matter expertise and gaining access to state-of-the-art facilities at NASA Ames and centers across the country. Partnerships help the agency to advance technological innovation, enable science, and foster the emerging space economy.
    Terry Fong, senior scientist for autonomous systems at NASA Ames, summed up the objective of the event when he noted, “I don’t believe anyone – government, academia, industry – has a monopoly on good ideas. It’s how you best combine forces to have the greatest effect.”

    Author: Jeanne Neal

    MIL OSI USA News –

  • MIL-OSI USA: California’s groundbreaking water initiative in Tombstone helps residents access safer and cleaner drinking water

    Source: US State of California 2

    May 13, 2025

    What you need to know: The consolidation of the Tombstone water system location in California’s Central Valley will benefit residents who rely on domestic wells. Since Governor Newsom took office, the number of Californians who don’t have access to clean drinking water has been cut by nearly half.

    SANGER – Governor Gavin Newsom today announced the groundbreaking of a fully state-funded $5 million consolidation project in the City of Sanger that will secure safe drinking water for residents who currently rely on private wells. The groundbreaking was attended by the State Water Resources Control Board, the California Environmental Protection Agency, the City of Sanger, drinking water advocates, and residents of the Tombstone Territory.  

    “All Californians deserve access to clean drinking water – a priority since day one of my administration. Today’s event in Tombstone brings us full circle, because it was in this community I signed legislation to get safe drinking water into the home of every Californian. Thanks to major state investments, infrastructure projects like this are connecting communities, delivering safe drinking water, and creating a brighter future in rural towns and cities.”

    Governor Gavin Newsom

    Tombstone, an unincorporated and severely disadvantaged community about two miles south of Sanger in Fresno County, is where Gov. Gavin Newsom signed SB 200 in 2019, establishing the Safe and Affordable Drinking Water Fund. The fund provides $130 million annually, through 2030, to address drinking water needs, especially in underserved communities. Since Governor Newsom took office, the number of Californians who don’t have access to clean drinking water has been cut by more than half. 

    The State Water Board launched the Safe and Affordable Funding for Equity and Resilience (SAFER) drinking water program in 2019 to advance California’s Human Right to Water. Since 2019, over 250 failing water systems across the state have returned to compliance with drinking water standards, reducing the number of people without access to safe drinking water by nearly half. 

    “Ninety-eight percent of Californians have reliable access to safe drinking water in their homes, but for too many communities across the state, especially in rural areas, this is not the reality,” said California Secretary for Environmental Protection Yana Garcia. “Helping communities like Tombstone bring about enduring, sustainable drinking water solutions is a top priority for the state. But we can’t do these projects alone or with the snap of our fingers. It’s a long game that takes collective commitment from every player involved, including water systems, community members, property owners and technical assistance providers.”

    When the project is completed later this year, Tombstone residents will receive their water through an extension of services from the City of Sanger to their homes.

    The project was coordinated through the SAFER program and received $4 million from Proposition 68 and $1 million from the state’s General Fund. 

    “Although over 140 consolidations benefiting 300,000 people have been completed since the SAFER program began, we still learn a lot from each one we do. The Tombstone project taught us important lessons about right-of-way and the need to continually adapt to the unique needs of each community,” said State Water Board Chair E. Joaquin Esquivel. “Consolidations with domestic well communities are among the most difficult drinking water projects we finance and support, but time and again, what we find is that it is the goodwill of water systems and community members themselves that resolves problems and brings projects over the finish line.” 

    The City of Sanger played a critical role throughout the consolidation planning and design process, embracing the opportunity to extend its services to Tombstone from the beginning. The city applied for and received grant funding, waived surcharges typically levied on customers outside their service area, and helped adapt the project design to avoid right-of-way problems posed by private property lines. 

     “The Tombstone Project was a collaborative effort of multiple agencies, and I am proud of the work my team contributed,” said Sanger City Manager Nathan Olson. “It was easy to recognize the need, so we felt ensuring our neighbors had reliable access to safe drinking water was the only choice. I am so pleased to see all the planning and hard work come to fruition, making the project a success and improving the lives of our communities for generations to come.”

     “We are thrilled to have reached this tremendous milestone in Tombstone,” said Nataly Escobedo Garcia, Ph.D., policy manager for Water and Climate Programs at Leadership Counsel for Justice & Accountability. “Thanks to advocacy from residents, the support of the City of Sanger, and the SAFER program, Tombstone and dozens of other communities are now closer to having access to safe, clean, affordable, and accessible water.” 

    Strengthening communities for a safer and brighter California

    Building water infrastructure is a key part of the Governor’s build more, faster agenda delivering infrastructure upgrades and thousands of jobs across the state.

    Press releases, Recent news

    Recent news

    May 13, 2025

    News What you need to know: Governor Newsom will take action tomorrow to lower drug prices, increase transparency for PBMs, and expand authority for the state to acquire medication abortion. Sacramento, California – As part of the 2025-26 May Revision, Governor Gavin…

    May 13, 2025

    News What you need to know: California today filed a request for a preliminary injunction to immediately stop President Trump’s unlawful tariffs while the state’s lawsuit proceeds. Tariffs are not only expected to impact trade, but the upcoming state revenues and…

    May 13, 2025

    News What you need to know: Sacramento’s Monarch housing project is the latest affordable housing site brought to fruition under Governor Newsom’s executive order to develop excess and underutilized state lands into affordable new homes. SACRAMENTO — Governor Gavin…

    MIL OSI USA News –

  • MIL-OSI Economics: Climate stress test for the German banking sector: Impact of the green transition on corporate loan portfolios | Discussion paper 11/2025: Christian Gross, Laura-Chloé Kuntz, Simon Niederauer, Lena Strobel, Joachim Zwanzger

    Source: Bundesbank

    Non-technical summary

    Research question

    Climate risks are a priority issue for many central banks and supervisory authorities due to the potentially detrimental effects of climate risks on banks’ stability. However, measuring climate risks is fraught with challenges, because nature and magnitude of the shock transmission are plagued with uncertainty. Moreover, data limitations are widespread, further complicating measurement. This paper proposes a novel stress testing framework to quantify climate-related transition risks for the German banking sector. Our stress test allows the identification of vulnerabilities stemming from transition risks for both individual banks and the banking system as a whole.

    Contribution

    This paper contributes to the literature by proposing a novel climate risk stress test framework, which allows to quantify climate transition risks for a large sample of German banks. We capture model uncertainty in a unique way by applying two standalone models (a micro and a macro model) for translating stress scenarios into credit risk parameters. Reporting ranges of estimates provides a quantitative indication of uncertainty in relation to the green transition. Another key strength of our framework is the granular modelling of default probabilities (PDs). While traditional stress testing models typically produce country- and/or portfolio-level estimates of scenario-dependent PDs, we can flexibly estimate them at firm- or sector-level. Through our targeted, multi-layered analytical framework, we thus address the heterogeneity of climate risks across economic sectors and firms.

    Results

    For a scenario that envisages an orderly transition to net zero emissions by 2050, our results show an average increase of up to 40 % in PDs for non-financial corporations after three years. In an alternative scenario assuming an abrupt increase in the carbon price to Euro 200, PDs rise to a similar extent. Our results indicate a great deal of heterogeneity between firms from different economic sectors: PDs increase more strongly in the agriculture, utilities and transport sectors, for example, and the impact on credit risk also differs between firms in the same economic sector. Whilst significantly stronger increases in PDs emerge for emissions-intensive firms, credit risk is not as high for firms with low emissions. Furthermore, we uncover heterogeneity in credit risk effects across banks as a result of bank-specific differences in the composition of loan portfolios.

    MIL OSI Economics –

  • MIL-OSI Africa: Formalizing Artisanal and Small-Scale Gold Mining (ASGM) for Growth: Mining in Motion to Unpack Ghana’s Success, Ongoing Efforts

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, May 14, 2025/APO Group/ —

    The upcoming Mining in Motion Summit – Ghana’s premier gathering for mining stakeholders, scheduled for June 2 – 4, 2025 in Accra – will feature a high-level panel discussion on the country’s ongoing efforts to formalize its artisanal and small-scale gold mining (ASGM) sector.

    Titled Case Studies in ASGM Formalization: Learning from Successes and Addressing Challenges, the panel will explore regulation and programs enhancing the ASGM sector’s contribution to mining sector growth in Ghana. The panel will feature representatives from the Minerals Commission of Ghana, the World Bank and key ASGM industry players.

    ASGM plays a vital role in Ghana’s mining sector, contributing over $5 billion in gold export revenue in 2024, employing more than one million people and accounting for over 40% of national gold production. Through the recently established Ghana Gold Board, the country aims to curb gold smuggling – estimated to cost the country $2.3 billion annually – by providing a legal platform for small-scale miners to sell gold and access financing to expand their operations.

    Furthermore, the Ghana Land Restoration and Small-Scale Mining Project – launched in partnership with the World Bank – offers financial and technical assistance to ASGM operators, helping them improve sustainable land use while providing legal integration into the broader mining economy.

    The Minerals Commission of Ghana and the Ministry of Lands and Natural Resources are driving the country’s agenda to formalize the ASGM sector by simplifying licensing processes via District Mining Committees. In addition, Community Mining Schemes continue to play a critical role in combating illegal mining by organizing miners into formalized, community-based cooperatives, boosting their access to finance, technology and training.

    Mining in Motion will not only showcase Ghana’s progress but also provide a platform for ASGM stakeholders to gain valuable insights into overcoming sector challenges and scaling their operations legally and sustainably. The summit, hosted by the Ashanti Green Initiative under the leadership of Oheneba Kwaku Duah, Prince of the Ashanti Kingdom, is organized in collaboration with the World Bank and the World Gold Council.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MiningInMotionSummit.com. For sponsorship opportunities or delegate participation, contact Sales@ashantigreeninitiative.org.

    MIL OSI Africa –

  • MIL-OSI Africa: Africa’s Liquefied Natural Gas (LNG) Growth Hinges on Investment, Strategic Partnerships

    Source: Africa Press Organisation – English (2) – Report:

    PARIS, France, May 14, 2025/APO Group/ —

    Accelerating Africa’s liquefied natural gas (LNG) ambitions will depend on mobilizing risk-tolerant investment, building strong technical and commercial partnerships, and committing to local capacity-building, according to panelists at the Invest in African Energy (IAE) Forum in Paris.

    Speaking during a discussion on monetizing African gas sponsored by Perenco, UTM Offshore Managing Director Julius Rone emphasized that LNG demand remains robust, but the missing piece is financing.  “Investment is required. The market is there. LNG is not going anywhere – global gas demand is increasing every year. Therefore, we need the right investors to enable us to monetize our gas.”

    The $5 billion UTM FLNG project offshore Nigeria is currently in its pre-construction phase. Rone emphasized that indigenous players like UTM Offshore are capable of forming the right partnerships to drive development, with plans to take FID in the coming months, move into the construction phase and expand the company’s FLNG technologies beyond Nigeria into other African markets.

    Competitiveness Starts at the Wellhead

    For international players, the viability of LNG in Africa hinges on low-cost resources and predictable legal frameworks. Golar LNG’s Chief Commercial Officer Federico Petersen noted that while Africa holds a geographic edge over the U.S. in terms of access to global markets, project economics must work from the start.

    “In the U.S., both the liquefaction and transport sides are increasing – if Africa can beat the U.S. at the wellhead, then it can have competitive liquefaction and it is closer to Europe and Asia,” said Petersen.

    He added that technical capability and financial strength are key to delivering projects at scale, along with speed and access to low-cost gas. “The asset needs to be cheap gas. We look at the asset, the contract and the partner… On the contract side, the legal framework and the stability needs to be there, both for upstream operators and for us.”

    Infrastructure-First Approach

    Gas infrastructure must come before LNG exports, according to Denis Chatelan, Head of Business Development at Perenco. The company’s strategy has focused on domestic gas use as a foundation for future liquefaction, citing gas-to-power and gas-to-industry projects in Gabon and Cameroon.

    “We did not start with liquefaction, but to develop the gas resources… We managed to find the right compromise of investment, ROI and infrastructure,” said Chatelan. “At Perenco, we have deployed equity. If you want big rewards, then you have to take some risk. We have taken the risk of infrastructure, which is a very important first step to develop the gas resources of a country.”

    Local Support Critical to Long-Term Success

    Jiří Rus, Sales & Business Development Director at Neuman & Esser, stressed the importance of original equipment manufacturers building in-country operational support to sustain LNG and gas projects.

    “Within our partnerships, we focus on operation. We need to support projects not from Germany, but through local service centers. We have one in Port Harcourt in Nigeria, for example, to support future projects, and now we are doing so in Mozambique,” said Rus.

    Dominique Gadelle, VP of Upstream & LNG at Technip Energies, echoed the importance of anchoring projects in local benefits. “Boosting local economies, power generation… This is a must before going to international exports,” he said. “We can also look at monetizing gas in different ways – fertilizers, for instance. We also need to promote regional cooperation, and we cannot forget local skills, employment and education and training programs.”

    MIL OSI Africa –

  • MIL-OSI: LexinFintech Holdings Ltd. to Report First Quarter 2025 Unaudited Financial Results on May 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 14, 2025 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading credit technology-empowered consumer financial service enabler in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2025, after the U.S. market closes on Wednesday, May 21, 2025.

    The Company’s management will host an earnings conference call at 10:00 PM U.S. Eastern time on May 21, 2025 (10:00 AM Beijing/Hong Kong time on May 22, 2025).

    Participants who wish to join the conference call should register online at:
    https://register-conf.media-server.com/register/BI0dc0f8f7695c4583bd50587c8b103490

    Once registration is completed, each participant will receive the dial-in number and a unique access PIN for the conference call.

    Participants joining the conference call should dial in at least 10 minutes before the scheduled start time.

    A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.lexin.com.

    About LexinFintech Holdings Ltd.

    We are a leading credit technology-empowered consumer financial service enabler. Our mission is to use technology and risk management expertise to make financing more accessible for young generation consumers. We strive to achieve this mission by connecting consumers with financial institutions, where we facilitate through a unique model that includes online and offline channels, installment consumption platform, big data and AI driven credit risk management capabilities, as well as smart user and loan management systems. We also empower financial institutions by providing cutting-edge proprietary technology solutions to meet their needs of financial digitization.

    For more information, please visit  http://ir.lexin.com.

    For investor and media inquiries, please contact: 

    LexinFintech Holdings Ltd.

    IR inquiries:
    Will Tan
    Tel: +86 (755) 3637-8888
    E-mail: willtan@lexin.com

    Media inquiries:
    Ruifeng Xu
    Tel: +86 (755) 3637-8888
    E-mail: ruifengxu1@lexin.com

    SOURCE LexinFintech Holdings Ltd.

    The MIL Network –

  • MIL-OSI United Kingdom: UK-EU summit ‘should be the start, and not the end of strengthening ties with Europe’ – Plaid Cymru

    Source: Party of Wales

    Rejoining the Single Market and Customs Union in Wales’ economic interests –  Llinos Medi MP

    Plaid Cymru’s Business and Trade Spokesperson, Llinos Medi MP has urged the UK Government to “take action” to fix the UK’s damaged relationship with Europe.

     

    Ahead of next week’s EU-UK summit, the MP for Ynys Môn said that the people of Wales have been “let down” by those who promised that Brexit would lead to a brighter future and has instead caused “huge damage” to the communities and economy of Wales.

     

    By 2025, Brexit has cost the Welsh economy up to £4 billion and has reduced the value of Welsh exports by up to £1.1 billion.

     

    In a speech in the House of Commons on Tuesday 13 May, Ms Medi called on the UK Government to establish a Youth Mobility Scheme and join Erasmus+ to allow young people to study and work abroad.

     

    Llinos Medi MP also said that the UK should commit to the long-term goal of joining the Single Market and Customs Union, claiming that it would help the UK Government achieve its mission of growing the economy.

     

     

    Speaking in the House of Commons, Llinos Medi MP said:

    “The hard Brexit pursued by the previous UK Government has cost the Welsh economy up to £4 billion; it has reduced the value of Welsh exports by up to £1.1 billion, and post-Brexit trade deals such as with New Zealand and Australia have been unfavourable for Welsh agriculture and manufacturing.

    “Since Brexit, Wales has lost out on £1 billion in European structural and rural development funding which could have been used to support our deprived communities. 

    “This was despite the promise made by the then Conservative UK Government in 2019 to “at a minimum match the size” of former EU funding in Wales and the other nations of the UK.”

     

     

    Llinos Medi MP continued:

    “The Government should create Youth Mobility Scheme and join Erasmus+ so that our young people can study and work abroad, creating new skills and opportunities for the next generation. We also need to see cooperation on the environment, the arts and on defence.

    “I hope next week’s summit will be the start, and not the end of strengthening our ties to Europe. Any plan needs clear aims and goals – Plaid Cymru believes the goal should be to eventually join the Single Market and Customs Union.

    “This Government has said its first mission is to grow the economy. I can see no better opportunity to improve growth by committing the UK and Wales to the long-term goal of joining the Single Market and Customs Union.

    “Wales has suffered badly by those who championed the false promises of Brexit, this Government must now take action to fix our damaged relationship with Europe to protect the Welsh economy.”

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Economy – Examining Māori Access to Capital – Market Failures – Reserve Bank

    Source: Reserve Bank of New Zealand – Te Pūtea Matua

    14 May 2025 – The Reserve Bank of New Zealand – Te Pūtea Matua has published a Bulletin article which discusses the barriers Māori face in accessing capital that may be associated with market failures or imperfections.

    The Bulletin highlights barriers specific to Māori, including legislative constraints that make it challenging to use Māori land as loan collateral and low trust and awareness between Māori and banks. Māori are also more likely to live in rural areas and face market failures common to rural credit markets.

    The market failures that tend to be associated with these financing gaps are all forms of information failure or asymmetry.

    Assistant Governor Simone Robbers says that Māori face persistent barriers to accessing capital, many of which stem from market failures or imperfections.

    “These barriers contribute to ongoing financial exclusion which has broader economic consequences. It can weaken the financial system’s ability to allocate capital efficiently and limit the potential of the New Zealand economy, especially given the growing significance of the Māori economy,” says Ms Robbers.

    Various initiatives have been introduced to address information gaps and improve access to capital for Māori. These include better data collection, cultural training, and financial literacy programmes. Steps have also been taken to facilitate lending on Māori land and develop tailored bank products, though uptake remains low.

    Although the Māori economy has grown significantly and business financing gaps between Māori and non-Māori appear to be narrowing, further efforts are needed to completely close the gap and unlock the full potential of the Māori economy.

    Improved data collection, innovations in the financial system, AML/CFT reforms, and further legislative changes have been identified as ways that could ease barriers and support development in a way that recognises and promotes the cultural and economic significance of Māori.

    “Identifying where market failures exist is important for informing targeted and effective public policy interventions that support more inclusive and efficient financial outcomes,” says Chief Economist Paul Conway.

    This research builds on the Reserve Bank’s 2022 “Improving Māori Access to Capital” Issues Paper. It continues our commitment to exploring and addressing structural challenges in the financial system in line with our Financial Policy Remit and 2024 Letter of Expectations.
     

    More information

    Māori Access to Capital – Market Failures – Reserve Bank of New Zealand – Te Pūtea Matua: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=2d6397b9f4&e=f3c68946f8
     
    What are market failures or imperfections? A market failure refers to a situation where a competitive market fails to allocate resources efficiently.
     
    Improving Māori Access to Capital” Issues Paper: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=f910dda49c&e=f3c68946f8
     
    Improving access to capital for Māori: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=444f82d571&e=f3c68946f8

    MIL OSI New Zealand News –

  • MIL-OSI: BlackRock® Canada Announces May Cash Distributions for the iShares® ETFs

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the May 2025 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis, as well as iShares S&P/TSX 60 Index ETF (XIU) and iShares Canadian Real Return Bond Index ETF (XRB). Unitholders of record of the applicable iShares ETF, with exception of XRB, on May 22, 2025 will receive cash distributions payable in respect of that iShares ETF on May 30, 2025. Unitholders of record of XRB on June 2, 2025 will receive cash distributions on June 5, 2025.

    Details regarding the “per unit” distribution amounts are as follows:

    Fund Name Fund Ticker Cash Distribution Per Unit
    iShares 1-10 Year Laddered Corporate Bond Index ETF CBH $0.049
    iShares 1-5 Year Laddered Corporate Bond Index ETF CBO $0.051
    iShares S&P/TSX Canadian Dividend Aristocrats Index ETF CDZ $0.128
    iShares Equal Weight Banc & Lifeco ETF CEW $0.066
    iShares 1-5 Year Laddered Government Bond Index ETF CLF $0.032
    iShares 1-10 Year Laddered Government Bond Index ETF CLG $0.037
    iShares S&P/TSX Canadian Preferred Share Index ETF CPD $0.058
    iShares US Dividend Growers Index ETF (CAD-Hedged) CUD $0.102
    iShares Convertible Bond Index ETF CVD $0.072
    iShares Global Monthly Dividend Index ETF (CAD-Hedged) CYH $0.078
    iShares Canadian Financial Monthly Income ETF FIE $0.040
    iShares U.S. Aggregate Bond Index ETF XAGG $0.105
    iShares U.S. Aggregate Bond Index ETF(1) XAGG.U $0.076
    iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) XAGH $0.096
    iShares Core Canadian Universe Bond Index ETF XBB $0.079
    iShares Core Canadian Corporate Bond Index ETF XCB $0.069
    iShares ESG Advanced Canadian Corporate Bond Index ETF XCBG $0.120
    iShares U.S. IG Corporate Bond Index ETF XCBU $0.122
    iShares U.S. IG Corporate Bond Index ETF(1) XCBU.U $0.088
    iShares Core MSCI Global Quality Dividend Index ETF XDG $0.074
    iShares Core MSCI Global Quality Dividend Index ETF(1) XDG.U $0.044
    iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) XDGH $0.057
    iShares Core MSCI Canadian Quality Dividend Index ETF XDIV $0.115
    iShares Core MSCI US Quality Dividend Index ETF XDU $0.064
    iShares Core MSCI US Quality Dividend Index ETF(1) XDU.U $0.046
    iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) XDUH $0.055
    iShares Canadian Select Dividend Index ETF XDV $0.108
    iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged) XEB $0.059
    iShares S&P/TSX Composite High Dividend Index ETF XEI $0.136
    iShares Core Canadian 15+ Year Federal Bond Index ETF XFLB $0.112
    iShares Flexible Monthly Income ETF XFLI $0.189
    iShares Flexible Monthly Income ETF(1) XFLI.U $0.136
    iShares Flexible Monthly Income ETF (CAD-Hedged) XFLX $0.183
    iShares S&P/TSX Capped Financials Index ETF XFN $0.169
    iShares Floating Rate Index ETF XFR $0.051
    iShares Core Canadian Government Bond Index ETF XGB $0.050
    iShares Global Government Bond Index ETF (CAD-Hedged) XGGB $0.041
    iShares Canadian HYBrid Corporate Bond Index ETF XHB $0.075
    iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) XHD $0.077
    iShares U.S. High Dividend Equity Index ETF XHU $0.074
    iShares U.S. High Yield Bond Index ETF (CAD-Hedged) XHY $0.085
    iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) XIG $0.075
    iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) XIGS $0.106
    iShares S&P/TSX 60 Index ETF XIU $0.272
    iShares Core Canadian Long Term Bond Index ETF XLB $0.062
    iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) XPF $0.065
    iShares High Quality Canadian Bond Index ETF XQB $0.053
    iShares Canadian Real Return Bond Index ETF XRB $0.273
    iShares S&P/TSX Capped REIT Index ETF XRE $0.062
    iShares ESG Aware Canadian Aggregate Bond Index ETF XSAB $0.048
    iShares Core Canadian Short Term Bond Index ETF XSB $0.072
    iShares Conservative Short Term Strategic Fixed Income ETF XSC $0.056
    iShares Conservative Strategic Fixed Income ETF XSE $0.052
    iShares Core Canadian Short Term Corporate Bond Index ETF XSH $0.061
    iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF XSHG $0.120
    iShares 1-5 Year U.S. IG Corporate Bond Index ETF XSHU $0.137
    iShares 1-5 Year U.S. IG Corporate Bond Index ETF(1) XSHU.U $0.099
    iShares Short Term Strategic Fixed Income ETF XSI $0.062
    iShares ESG Aware Canadian Short Term Bond Index ETF XSTB $0.048
    iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) XSTH $0.175
    iShares 0-5 Year TIPS Bond Index ETF XSTP $0.211
    iShares 0-5 Year TIPS Bond Index ETF(1) XSTP.U $0.152
    iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) XTLH $0.113
    iShares 20+ Year U.S. Treasury Bond Index ETF XTLT $0.131
    iShares 20+ Year U.S. Treasury Bond Index ETF(1) XTLT.U $0.102
    iShares Diversified Monthly Income ETF XTR $0.040
    iShares S&P/TSX Capped Utilities Index ETF XUT $0.110

    (1) Distribution per unit amounts are in U.S. dollars for XAGG.U, XCBU.U, XDG.U, XDU.U, XFLI.U, XSHU.U, XSTP.U, XTLT.U

    Estimated May Cash Distributions for the iShares Premium Money Market ETF

    The May cash distributions per unit for the iShares Premium Money Market ETF are estimated to be as follows:

    Fund Name Fund Ticker Estimated Cash Distribution Per Unit
    iShares Premium Money Market ETF CMR $0.101

    BlackRock Canada expects to issue a press release on or about May 21, 2025, which will provide the final amounts for the iShares Premium Money Market ETF.

    May Reinvested Distributions for the iShares Canadian Real Return Bond Index ETF

    Fund Name

    		 Fund Ticker Reinvested Distribution Per Unit
    iShares Canadian Real Return Bond Index ETF XRB $0.31014

    The distributions are for the reinvested distributions, which are typically reinvested in additional units of the respective funds, and do not include ongoing semi-annual cash distribution amounts. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will equal the number of units outstanding prior to the distribution.

    Further information on the iShares Funds can be found at http://www.blackrock.com/ca.

    About BlackRock
    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @BlackRockCA

    About iShares ETFs
    iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and US$4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

    iShares® ETFs are managed by BlackRock Asset Management Canada Limited.

    Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

    Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). TSX is a registered trademark of TSX Inc. (“TSX”). All of the foregoing trademarks have been licensed to S&P Dow Jones Indices LLC and sublicensed for certain purposes to BlackRock Fund Advisors (“BFA”), which in turn has sub-licensed these marks to its affiliate, BlackRock Asset Management Canada Limited (“BlackRock Canada”), on behalf of the applicable fund(s). The index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by BFA and by extension, BlackRock Canada and the applicable fund(s). The funds are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, any of their respective affiliates (collectively known as “S&P Dow Jones Indices”) or TSX, or any of their respective affiliates. Neither S&P Dow Jones Indices nor TSX make any representations regarding the advisability of investing in such funds.

    MSCI is a trademark of MSCI, Inc. (“MSCI”). The ETF is permitted to use the MSCI mark pursuant to a license agreement between MSCI and BlackRock Institutional Trust Company, N.A., relating to, among other things, the license granted to BlackRock Institutional Trust Company, N.A. to use the Index. BlackRock Institutional Trust Company, N.A. has sublicensed the use of this trademark to BlackRock. The ETF is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation, condition or warranty regarding the advisability of investing in the ETF. 

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