NewzIntel.com

Category: Economy

  • MIL-OSI: LyondellBasell advances sustainability leadership in 2024 Sustainability Report: From Vision to Value

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) — LyondellBasell (NYSE: LYB), a global leader in the chemical industry, today released its 2024 Sustainability Report, demonstrating significant progress in circular and low-carbon solutions, climate action and operational excellence.

    “At LYB, sustainability is an opportunity to reimagine the future and create long-term value,” said Peter Vanacker, CEO of LyondellBasell. “Our 2024 report, ‘From Vision to Value,’ highlights how we are rethinking the status quo and accelerating progress towards a circular and low-carbon future by investing in innovative technologies, strengthening collaborations, and embedding sustainability into our core strategy.”

    2024 sustainability highlights:

    • Value Enhancement Program (VEP) success: The company’s employee-driven VEP initiative unlocked a cumulative $800 million in recurring annual EBITDA and generated estimated annual carbon emissions reductions of 310,000 metric tons.
    • Advancing the circular economy: LYB increased volumes of recycled and renewable-based polymers by 65% to over 200,000 metric tons, progressing toward its 2030 goal of producing and marketing 2 million metric tons annually and capturing incremental EBITDA of more than $1 billion1.
    • MoReTec-1 construction underway: To meet the rising demand for circular polymers, the company broke ground on its first commercial-scale chemical recycling plant in Wesseling, Germany, to convert hard-to-recycle plastic waste into new raw materials, including for contact-sensitive packaging.
    • Reducing carbon emissions: In Q1 2025, LYB safely completed the shutdown of refining operations at its Houston refinery. This will reduce annual Scope 3 emissions by approximately 40 million metric tons.
    • Renewable energy expansion: New power purchase agreements (PPAs) secured in 2024 will enable LYB to meet its target of sourcing at least 50% of electricity from renewable sources by 2030.
    • Safety excellence: Out of over 90+ LYB manufacturing sites, 70 achieved GoalZERO, 72 were injury-free and the company achieved its second lowest-ever total recordable incident rate (0.127).
    • Strategic growth & investments: The company acquired APK AG, adding Newcycling technology to its portfolio for solution-based recycling of low-density polyethylene (LDPE) waste.
    • Sustainability recognition: Ranked first among plastics producers in BloombergNEF’s 2024 circular economy company rankings and retained its AA ESG rating from MSCI.

    “As we look to the future, we remain steadfast in our commitment to sustainability and innovation. Our investments in circular and low-carbon solutions, along with our dedication to safety and operational excellence, will drive our progress toward achieving our 2030 and 2050 goals. We are transforming our vision into lasting value, ensuring that we create meaningful impact for our customers, shareholders and society.” – Peter Vanacker, CEO, LyondellBasell

    For more details, read the 2024 Sustainability Report at www.lyondellbasell.com. 

    About LyondellBasell

    We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

    For media inquiries, please contact:

    Nick Facchin

    Sr. Manager, Executive Communications and Media Relations

    Phone: +1 713 309 4791

    Email: nick.facchin@lyondellbasell.com

    __________________________________________________

    1 Incremental to LyondellBasell’s fossil-based O&P Americas and O&P EAI annual EBITDA

    The MIL Network –

  • MIL-OSI: Sunrun Announces Date for First Quarter 2025 Earnings Report

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 15, 2025 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN) today announced that it will issue its first quarter 2025 earnings report after the market closes on Wednesday, May 7, 2025.

    A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month. A transcript of the conference call will also be posted to the Sunrun Investor Relations website the following day.

    About Sunrun
    Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at www.sunrun.com

    Investor & Analyst Contact:

    Patrick Jobin
    SVP, Deputy CFO & Investor Relations Officer
    investors@sunrun.com

    Media Contact:

    Wyatt Semanek
    Director, Corporate Communications
    press@sunrun.com

    The MIL Network –

  • MIL-OSI: Advanced Flower Capital Schedules Earnings Release and Conference Call for the First Quarter Ending March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., April 15, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (NASDAQ: AFCG) (“AFC”) today announced that it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, May 14th, 2025 before market open. Management will review AFC’s financial results at 10:00 am ET via webcast available on the Investor Relations website at AFC – Investor Relations. Participants are also invited to access the conference call by registering in advance at this link. A replay will be available one hour after the event.

    AFC distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here.

    About Advanced Flower Capital

    Advanced Flower Capital Inc. (NASDAQ:AFCG) is a leading commercial mortgage 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. For additional information regarding the company, please visit https://advancedflowercapital.com/.

    Investor Relations Contact

    Advanced Flower Capital
    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: Franklin Electric Schedules Its First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    FORT WAYNE, Ind., April 15, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) will release its first quarter 2025 earnings at 8:00 am ET on Tuesday, April 29, 2025. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The first quarter 2025 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:

    https://edge.media-server.com/mmc/p/yzximy3p

    For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below.

    https://register-conf.media-server.com/register/BI5cb1cdcef9da4de38184396c5211b443

    All registrants will receive dial-in information and a PIN allowing them to access the live call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

    A replay of the conference call will be available from Tuesday, April 29, 2025, through 9:00 am ET on Tuesday, May 6, 2025, by visiting the listen-only webcast link above.

    About Franklin Electric
    Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024 and America’s Climate Leaders 2024 by USA Today.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases,  raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2024, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

    CONTACT:   Russ Fleeger
        Franklin Electric Co., Inc.
        260.824.2900

    The MIL Network –

  • MIL-OSI: CURRENC Group Inc. Appoints Wan Lung Eng as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that Mr. Wan Lung Eng will join the Company as Chief Financial Officer, effective April 16, 2025.

    Mr. Eng’s diverse career spans over 20 years as a finance and accounting executive, investment banker, and private equity professional. He has served as CFO at VitalCheck Wellness, Teclison, and Spectral MD, and as SVP and CFO at Immersive Artistry. Earlier in his career, Mr. Eng was an investment banker and private equity professional with RBC Capital Markets, Macquarie Group, Deutsche Bank Securities, Wachovia Securities (now Wells Fargo Securities) and CIAS International (Temasek Holdings-owned private investment firm). Mr. Eng executed public and private financings and M&A transactions in the U.S., Europe and Asia of over US$50 billion in aggregate value. With expertise across corporate finance, mergers and acquisitions, capital markets, principal investments, and corporate development, Mr. Eng is exceptionally well-suited to drive CURRENC’s financial strategy and growth initiatives. He holds an MBA from Duke University’s Fuqua School of Business in the U.S. and a Bachelor of Accountancy from Nanyang Technological University in Singapore.

    “We are excited to welcome Wan Lung Eng to our executive team,” said Alex Kong, Founder and Executive Chairman of CURRENC. “His proven track record and deep expertise will be pivotal in accelerating our growth and advancing our AI initiatives in building global AI ecosystem for financial institutions. We’re confident Wan Lung’s leadership will enhance our financial discipline and help propel CURRENC to new heights in the global fintech landscape.”

    Ronnie Hui, Chief Executive Officer of CURRENC, added, “Wan Lung’s appointment reflects our commitment to excellence and innovation. His broad industry experience will be invaluable as we continue to consolidate our position as a leader in digital remittance and AI-powered financial solutions. We look forward to the fresh insights he will bring to our ongoing transformation.”

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –

  • MIL-OSI: Qorvo® to Webcast Quarterly Earnings Conference Call on April 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    GREENSBORO, N.C., April 15, 2025 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 fourth quarter financial results on Tuesday, April 29, 2025, at 4:30 p.m. (ET). The conference call will be webcast live on the Company’s Investor Relations website at the following URL: https://ir.qorvo.com (under “Events & Presentations”).

    A telephone playback of the conference call will be available approximately two hours after the call’s completion and can be accessed by dialing 1-412-317-0088 and using the passcode 2889510. The playback will be available through the close of business on May 6, 2025.

    Qorvo will distribute fiscal 2025 fourth quarter financial results at approximately 4:00 p.m. (ET) on Tuesday, April 29, 2025.

    About Qorvo
    Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

    Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.

    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “forecast,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results on a quarterly and annual basis; our substantial dependence on developing new products and achieving design wins; our dependence on several large customers for a substantial portion of our revenue; a loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs, due to timing of customers’ forecasts; our inability to effectively manage or maintain relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions, divestitures and other strategic investments failing to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; enactment of international or domestic tax legislation, or changes in regulatory guidance; changes in the favorable tax status of certain of our subsidiaries; risks associated with social, environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches, failed system upgrades or regular maintenance and other similar disruptions to our IT systems; theft, loss or misuse of personal data by or about our employees, customers or third parties; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; and volatility in the price of our common stock. These and other risks and uncertainties, which are described in more detail under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 30, 2024, and Qorvo’s subsequent reports and statements that we file with the SEC, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

    At Qorvo®
    Doug DeLieto
    VP, Investor Relations
    1-336-678-7968

    The MIL Network –

  • MIL-OSI: Atrato Onsite Energy announces new £250m asset backed security warehouse (ABS warehouse) to finance solar photovoltaic systems in the UK

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 15, 2025 (GLOBE NEWSWIRE) — Atrato Onsite Energy, the UK C&I solar specialist owned by Brookfield Renewables and Real Assets Investment Management Ltd announces it has entered into an ABS warehouse to support its investment into C&I solar projects in the UK. Atrato Onsite Energy focuses on providing long-term, low-cost energy to UK corporates and is targeting £1bn of investment in solar by 2030.

    Since launching in November 2021, Atrato Onsite Energy has developed a portfolio of more than 240MW of solar assets which generate clean energy that would otherwise have resulted in 50,000 tonnes of annual CO2 emissions, equivalent to planting 2,000,000 trees.(1) Since being acquired in November 2024, Atrato Onsite Energy has signed 10 power purchase agreements and reached financial close on 42MW of projects.

    The ABS warehouse was financed by Barclays Bank PLC and will be used to accelerate Atrato’s roll out of rooftop and ground mounted solar to customers. The transaction involved Norton Rose Fulbright as legal adviser to Atrato Onsite Energy and Hogan Lovells as legal adviser to Barclays.

    Gurpreet Gujral, CEO of Atrato Onsite Energy said

    “We have developed a strong portfolio of solar projects, working with customers such as Amazon, Britvic, Nissan, and Tesco. With unprecedented demand for our solar solutions, this new facility provides us with an additional £250 million of capacity, on top of the capital support from our investors. This enables us to tap into our pipeline and brings us closer to our goal of becoming the largest provider of C&I solar in Europe.”

    Gordon Beck, Head of Corporate & Sustainable Securitisation EMEA of Barclays Bank PLC said

    “We are proud to support Atrato Onsite Energy with this landmark financing, demonstrating our commitment to enabling corporates to transition to cleaner sources of energy whilst fostering sustainable economic growth in our UK home market. Barclays is committed to supporting clients with their transition and has a target to facilitate $1trn of Sustainable and Transition Finance by 2030 to support the delivery of such activities.”

    About Atrato Onsite Energy

    Atrato Onsite Energy is an independent power producer launched in November 2021 and is one of the largest commercial and industrial solar companies in the UK.

    In November 2024 leading infrastructure investors, Brookfield Renewables and Real Assets Investment Management Ltd, acquired the company and subsequently de-listed it from the London Stock Exchange. The company continues its strategy to develop and invest in renewable energy infrastructure, delivering clean energy to commercial and industrial customers.

          (1)   Full year generation on fully operational portfolio

    The MIL Network –

  • MIL-OSI: Amplify Energy and Juniper Capital Announce Amendment to the Merger Agreement

    Source: GlobeNewswire (MIL-OSI)

    Juniper to Contribute Incremental $10 Million in Cash

    Updates Oil and Gas Hedge Positions and Juniper Reserve Values

    HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced an amendment to the existing terms of its previously disclosed Agreement and Plan of Merger with Juniper Capital’s (“Juniper”) upstream Rocky Mountain portfolio companies.

    The amended agreement will now provide for Juniper to contribute an incremental $10 million of cash to further reduce the net debt of the combined companies. This amendment follows shareholder engagement and reflects Juniper’s strong belief in the merits of the combination and focus on a strong pro forma company. As previously announced, at closing Amplify plans to issue Juniper approximately 26.7 million shares of Amplify common stock and assume approximately $133 million in net debt(1).

    Such incremental contribution was agreed to in Amendment No. 1 to the Agreement and Plan of Merger, dated April 14, 2025 (the “Amendment”). Amplify intends to file supplemental proxy materials with the Securities and Exchange Commission (the “SEC”) in the coming days reflecting the Amendment.

    Martyn Willsher, Amplify’s President and Chief Executive Officer, said, “These amended terms reflect each party’s belief in the long-term value creation of this proposed transaction and our commitment to shareholder engagement. This transaction has been thoroughly considered alongside a wide range of options by our board of directors, and we continue to believe that this combination is the best path for shareholders to realize the value they deserve.”

    Edward Geiser, Juniper’s Managing Partner, added, “In recognition of the recent market volatility, we believe the additional cash investment is justified to bolster the strength and liquidity of the combined company. We continue to believe that the combination of our Rockies assets with Amplify’s existing operations offers investors a unique opportunity, which is capable of delivering significant shareholder value and free cash flow in a low or high commodity price environment. This increased capital investment reflects our continued confidence in the long-term value creation of the combined company and the top quality of the Amplify management team.”

    Updated Hedge Positions

    In response to shareholder concerns regarding the recent reduction in oil prices, Amplify is providing updated information regarding the current oil and gas hedge positions at both Amplify and Juniper.

    Mr. Willsher commented, “Though oil prices have dropped considerably since we announced the transaction in January, Amplify and Juniper have taken significant steps to minimize the impact of commodity price volatility through their active hedging programs. As a percentage of proved developed producing reserves, Amplify has 80-85% of oil hedged in 2025 and 40-45% hedged in 2026, while Juniper has 65-70% of oil hedged in 2025 and 50-55% hedged in 2026. At current strip prices, Amplify’s hedges have a present worth of approximately $25 million, while Juniper’s hedges have a present worth of approximately $14 million.”  

    As illustrated in the tables below (as of April 15, 2025), both Amplify and Juniper have meaningfully protected against downside commodity risk by hedging a significant portion of their forecasted PDP volumes.

    Amplify standalone hedge book:

      2025   2026   2027
               
    Natural Gas Swaps:          
    Average Monthly Volume (MMBtu)   585,000     500,000     137,500
    Weighted Average Fixed Price ($) $ 3.75   $ 3.79   $ 4.01
               
    Natural Gas Collars:          
    Two-way collars          
    Average Monthly Volume (MMBtu)   500,000     517,500     437,500
    Weighted Average Ceiling Price ($) $ 3.90   $ 4.11   $ 4.45
    Weighted Average Floor Price ($) $ 3.50   $ 3.58   $ 3.56
               
    Oil Swaps:          
    Average Monthly Volume (Bbls)   128,583     90,500     9,000
    Weighted Average Fixed Price ($) $ 70.85   $ 68.43   $ 63.65
               
    Oil Collars:          
    Two-way collars          
    Average Monthly Volume (Bbls)   59,500        
    Weighted Average Ceiling Price ($) $ 80.20        
    Weighted Average Floor Price ($) $ 70.00        
               

    Juniper standalone hedge book:

      2025   2026   2027
               
    Oil Swaps:          
    Average Monthly Volume (Bbls)   68,750     38,500    
    Weighted Average Fixed Price ($) $ 71.83   $ 66.79    
               
    Oil Collars:          
    Two-way collars          
    Average Monthly Volume (Bbls)   31,292     16,625     1,708
    Weighted Average Ceiling Price ($) $ 75.26   $ 74.84   $ 76.15
    Weighted Average Floor Price ($) $ 65.57   $ 63.12   $ 65.00
               

    Updated Juniper Audited Reserves

    Amplify is also providing updated information regarding the audited reserve value associated with Juniper’s assets. Assuming WTI oil prices at $60 per barrel held flat and Henry Hub gas prices at $3.50 per mmbtu held flat, the total proved reserve PV-10(2) value of Juniper’s audited reserves is $356 million.

    Mr. Willsher commented, “Combining Juniper’s proved developed PV-10(2) value of $230 million with the value of Juniper’s current hedge book ($14 million) generates total value of $244 million. Comparing this value to the pro forma debt of approximately $123 million (after Juniper’s $10 million cash contribution), demonstrates the substantial equity value of the Juniper assets even in a sustained low oil price environment. Furthermore, as we’ve previously noted, we believe the Juniper assets have considerable incremental value provided by the extensive development potential, much of which is located on held-by-production leases, which would allow the combined company the flexibility to slow development during low commodity prices but capitalize on higher prices to the benefit of our investors.”

    Mr. Willsher concluded, “We believe the merger provides numerous benefits to shareholders, including the scale and flexibility to weather commodity cycles like we are currently experiencing. Amplify’s low-decline asset base complements Juniper’s high margin assets, which are then further supported by our strong combined hedge positions. With substantial flexibility to defer discretionary capital projects, and our ongoing focus on delivering value to investors in any environment, we continue to expect we will generate strong free cash flow in 2025 and in the years ahead.”

    The details of Juniper’s Audited Reserves are provided in the table below:

      Estimated Net Reserves
      Proved Developed
    		   Proved Undeveloped
    		   Total Proved
    Oil | Natural Gas Price PV-10
    		   PV-10
    		   PV-10
      (in millions)
               
    $70 | $3.50 $335   $280   $615
    $60 | $3.50 230   126   356
           

    Special Meeting of Stockholders

    The Special Meeting of Stockholders (the “Special Meeting”) to approve the proposals is scheduled to be reconvened on April 23, 2025, at 9:00 a.m. Central Time (and the meeting will be held virtually via the internet at www.cesonlineservices.com/ampysm_vm). The record date for the Special Meeting, March 3, 2025, is unchanged and applies to the reconvened Special Meeting.

    Stockholders who have already cast their votes do not need to take any action, unless they wish to change or revoke their prior proxy or voting instructions, and their votes will be counted at the reconvened Special Meeting. For stockholders who have not yet cast their votes, we urge them to vote their shares now, so they can be tabulated prior to the reconvened Special Meeting. For more information on how to vote, please call the Company’s proxy solicitor, Sodali & Co, on their toll-free number (800) 662-5200 or email AMPY@investor.sodali.com.

    The Company’s Board of Directors continues to recommend that shareholders vote “FOR” the two proposals regarding the merger and identified in the Company’s definitive proxy statement.

    About Amplify Energy

    Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the statements about the Company’s expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto and the expected timing of the reconvened Special Meeting. Please read the Company’s filings with the SEC, including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    Footnotes

    1)   Net debt at announcement consisted of $140 million outstanding as of 12/31/2024 less $2 million of cash and pro forma of $5 million of cash to be contributed by Juniper before the closing date.
    2)   The estimated net reserves are based on 2024 Year End reserves and are evaluated at flat pricing. PV-10 is a non-GAAP financial measure that represents the present value of estimated future cash inflows from proved oil and natural gas reserves that are calculated using the unweighted arithmetic average first-day-of-the-month prices for the prior 12 months, less future development and operating costs, discounted at 10% per annum to reflect the timing of future cash flows. The most directly comparable GAAP measure to PV-10 is standardized measure. PV-10 differs from standardized measure in its treatment of estimated future income taxes, which are excluded from PV-10. Amplify believes the presentation of PV-10 provides useful information because it is widely used by investors in evaluating oil and natural gas companies without regard to specific income tax characteristics of such entities. PV-10 is not intended to represent the current market value of the estimated proved reserves. PV-10 should not be considered in isolation or as a substitute for the standardized measure as defined under GAAP. As GAAP does not prescribe a comparable GAAP measure for PV-10 of reserves adjusted for pricing sensitives, it is not practicable for us to reconcile PV-10 to a standardized measure or any other GAAP measure.
         

    Contacts

    Amplify Energy

    Jim Frew — Senior Vice President and Chief Financial Officer
    (832) 219-9044
    jim.frew@amplifyenergy.com

    Michael Jordan — Director, Finance and Treasurer
    (832) 219-9051
    michael.jordan@amplifyenergy.com  

    Sodali & Co.

    Michael Verrechia / Eric Kamback / Christopher Rice
    (800) 662-5200
    AMPY@investor.sodali.com  

    FTI Consulting

    Tanner Kaufman / Brandon Elliott / Rose Zu
    amplifyenergy@fticonsulting.com

    The MIL Network –

  • MIL-OSI Economics: Bank of America’s multifaceted advertising strategy emphasizes financial empowerment, digital convenience, and business support, reveals GlobalData

    Source: GlobalData

    Bank of America’s multifaceted advertising strategy emphasizes financial empowerment, digital convenience, and business support, reveals GlobalData

    Posted in Business Fundamentals

    Bank of America’s YouTube ad campaigns from the last six months (October 2024 to March 2025), strategically allocated resources to enhance financial literacy, digital banking experiences, and entrepreneurial growth. By leveraging educational platforms, streamlined mobile applications, and bespoke business solutions, Bank of America’s approach reflects an intent to function as a significant contributor to financial empowerment across a diverse customer base, according to Global Ads Platform of GlobalData, a leading data and analytics company.

    Sagar Kishor, Ads Analyst at GlobalData, comments: “Bank of America’s advertising demonstrates a deliberate effort to balance transactional efficiency with knowledge dissemination, showcasing efficient digital services (mobile transfers, online banking) alongside educational initiatives like “Better Money Habits.” The campaigns feature direct, functional demonstrations of these digital tools with platforms designed to increase financial literacy. This dual approach, using both practical instruction and educational content, aims for the bank to be seen as a source of immediate solutions and sustained financial growth.”

    GlobalData’s Global Ads Platform reveals the key focus areas of Bank of America’s advertisements below:

    Convenient Mobile Banking: Bank of America’s mobile banking emphasizes convenience and ease of use through its app, offering features like quick money transfers between accounts and integrated services like Zelle for peer-to-peer payments. These features target existing customers, tech-savvy individuals, and busy professionals, highlighting the app’s user-friendliness, efficiency, and seamless integration for managing finances on the go and facilitating quick, free transactions with contacts.

    Centralized Business Finance: Bank of America’s Connected Apps offer a centralized online dashboard for businesses to manage finances, track key metrics, and integrate third-party services. Targeting small business owners and financial decision-makers, the ads highlight efficiency, growth enablement, and enhanced financial control through this streamlined platform.

    Rewards and Personalized Service: The Preferred Rewards program is showcased as a tiered benefits system for existing customers, offering enhanced rewards, relationship bonuses, and personalized service. The advertisements highlight the program’s ability to maximize financial potential and reward customer loyalty, designed for current clients, affluent individuals, and those pursuing financial advancement.

    Financial Education and Empowerment: Bank of America’s Better Money Habits platform is promoted as a free resource, empowering individuals to take control of their finances through knowledge and personalized guidance on budgeting, saving, investing, and managing debt. The ads highlight empowerment, support, and opportunity, aimed at those seeking to improve their economic independence.

    Community Support and Inclusion: The ‘Business Owner Spotlight’ campaign showcases Bank of America’s backing of diverse communities, particularly Hispanic entrepreneurs. This initiative illustrates the bank’s dedication to inclusivity and community development, highlighting the bank’s provision of support for underrepresented business owners.

    MIL OSI Economics –

  • MIL-OSI Economics: US card payments market growth to slow in 2025 amid tariffs and inflationary pressures, forecasts GlobalData

    Source: GlobalData

    US card payments market growth to slow in 2025 amid tariffs and inflationary pressures, forecasts GlobalData

    Posted in Banking

    The US card payments market is projected to grow by a modest 2.4% in 2025, reaching $10.8 trillion, as economic uncertainty and rising tariffs weigh on consumer spending. While strong foundations like high card penetration and contactless adoption persist, inflationary pressures and trade disruptions are expected to challenge the market’s resilience and slow its previously robust growth trajectory, according to GlobalData, a leading data and analytics company.

    GlobalData’s report, “United States (US) Cards and Payments: Opportunities and Risks to 2028,” reveals that the card payment value in the US registered a growth of 6% in 2023, driven by the rise in consumer spending. The value registered an estimated growth of 5% in 2024 to reach $10.6 trillion. However, the latest tariffs can pose a challenge for the overall economic growth, while rising inflation is expected to curb consumer spending, resulting in a slowdown in the overall card payments value.

    The US card payments market is highly mature, and arguably even over-served by its financial institutions with high card penetration and usage. Ready access to formal financial services has resulted in a population that is very comfortable using debit, credit, and charge cards for payments.

    Ongoing investments in payment infrastructure, increasing contactless payment adoption, and e-commerce growth have accelerated expansion in the US card payment market. Contactless cards have driven low-value daily transactions, further bolstered by the COVID-19 pandemic. However, economic uncertainty fueled by Trump’s tariffs now threatens to slow this momentum, creating headwinds for sustained growth in the sector.

    Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “Economic forecasts for many markets, including the US, were seen as positive until the beginning of the year due to expected economic recovery and reduced inflation. However, the current situation is now considered uncertain once again. The trade wars have already disrupted financial markets and caused businesses to face uncertainty, potentially leading to weakened economic growth.”

    While tariffs pose challenges for all players in the economy, the main impact on the card payments will be via inflation, and depressing retail activity. As a result, both payment volumes and average transaction values will see slowdown, ultimately hurting the revenues of card issuers, payment processors, networks, and acquirers, including any business segments involved in the value chain.

    Furthermore, tariffs on imports and supply chain disruptions from China and other markets may also increase costs of payment terminals and hardware components, which may impact small businesses accepting card payments.

    Sharma concludes: “Looking ahead, the transition to electronic payments is expected to continue over the next five years due to the growing number of electronic payments. However, ongoing economic uncertainty will continue to present challenges for the industry. The card payments value is expected to register a compound annual growth rate (CAGR) of 4.1% between 2024 and 2029 to reach $12.9 trillion.”

    MIL OSI Economics –

  • MIL-OSI Economics: Goldman Sachs and PwC top M&A financial advisers in Europe in Q1 2025, reveals GlobalData

    Source: GlobalData

    Goldman Sachs and PwC top M&A financial advisers in Europe in Q1 2025, reveals GlobalData

    Posted in Business Fundamentals

    Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in Europe during the first quarter (Q1) of 2025 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

    GlobalData’s Deals Database has revealed that Goldman Sachs achieved its leading position in terms of value by advising on $17.6 billion worth of deals. Meanwhile, PwC led in terms of volume by advising on a total of 29 deals.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “PwC registered improvement in the total number of deals advised by it during Q1 2025 compared to Q1 2024. Resultantly, it went ahead from occupying the fourth position by volume in Q1 2024 to top the chart by this metric in Q1 2025.

    “Meanwhile, Goldman Sachs, which was the top adviser by value in Q1 2024, also managed to retain its leadership position by this metric in Q1 2025 as well. Despite a fall in the total value of deals advised by it in Q1 2025 compared to Q1 2024, Goldman Sachs stayed much ahead of its peers. During Q1 2025, it advised on five billion-dollar deals*. Involvement in these big-ticket deals helped Goldman Sachs secure the top spot by value. Apart from leading in terms of value, it also occupied the seventh position by volume in Q1 2025.”

    An analysis of GlobalData’s Deals Database reveals that Jefferies occupied the second position in terms of value, by advising on $12.4 billion worth of deals, followed by Bank of America with $11.1 billion, Barclays with $7.9 billion, and Lazard with $7.2 billion.

    Meanwhile, Clearwater occupied the second position in terms of volume with 21 deals, followed by Ernst & Young with 20 deals, Deloitte with 18 deals, and Rothschild & Co with 17 deals.

    *Valued more than or equal to $1 billion

    MIL OSI Economics –

  • MIL-OSI Global: Trump has shown he will backtrack on tariffs. What does that say about how to wage a trade war?

    Source: The Conversation – UK – By Antonio Navas, Senior Lecturer in Economics, University of Sheffield

    Countries can target products that they can produce themselves or source from other partners. darksoul72/Shutterstock

    Amid Donald Trump’s escalating tariff war with China, the world has been left in no doubt. Consistent with his campaign messaging, and going against the overwhelming majority of economists’ advice, it’s clear that the US president still loves tariffs. He is ready to use them as a bargaining tool – and also to change them on a whim.

    Countries responded to the tariffs announced on “liberation day” in different ways – before Trump backtracked and announced a 90-day pause. But China – which was not granted the pause – refused to back down. It hit back with extra tariffs of its own on US imports, affecting mainly agricultural goods.

    Before Trump announced the delay, the EU had also shown it was prepared to hit back (before climbing down itself in response to the pause). Meanwhile Canada had initially retaliated angrily with tariffs and consumer boycotts.

    This contrasts with the muted response of the UK government, despite the tariff on steel clearly affecting its economy. “Cool heads” are one thing. But knowing what we do now about how easily Trump changes his mind on this matter, is the UK following the right course of action?

    Economists have long studied the impact of trade wars and find no good news for the countries involved. Studies suggest that trade wars end up in high tariffs that are damaging to consumers in both of the nations involved.

    Recent studies of the 2018 US-China trade war, initiated by Trump, document that US citizens have suffered significantly since that time. The tariff was mostly passed on to US consumers, resulting in higher prices and less choice for shoppers. These offset any gains in government revenue and competitive advantage for domestic producers.

    Other evidence suggests that there was a significant decline in Chinese economic activity in sectors for which the US tariffs were introduced, such as solar panels and washing machines.

    So there’s clearly a lot to lose for both sides. Imposing tariffs on foreign goods may damage a nation’s own consumers. If that country is thinking of counterattacking with retaliatory tariffs, then it must consider what its ultimate goals are. It must also think of the price it is prepared to pay.

    Consider the next move

    Among the potential goals, two stand out. First, to convince the country initiating the trade war to drop its tariffs. And second, to avoid tariffs from other countries in future.

    An effective tariff retaliation should target selected goods. This minimises the negative impacts in the domestic economy and maximises the harm to the foreign economy. It can be achieved by targeting goods that have easy substitutes in the domestic economy – an example might be scotch whisky as a substitute for bourbon in the UK.

    And they should target products that are supported by powerful lobbies in the rival country. That could be, for example, sugar or soybeans in the US. When their sectors are hit, these lobby groups can flex their muscles to press governments for change or demand subsidies to cover their losses.

    But there can also be complicating factors – governments should be aware of global value chains and interlinked production between countries when targeting goods.

    Studies published after the first Trump administration found that in response to Trump’s 2018 tariffs, countries retaliated by targeting goods that could easily be substituted in their economies and which would hurt Trump’s voter base.

    This appears to mirror what the EU outlined in its now-paused retaliation plans, by slapping tariffs on key exports from states that voted for Trump in 2024. These products included soybeans, tobacco and steel. The bloc has also been considering new taxes against big US tech firms.

    This retaliatory strategy should increase pressure on the country that initiated the trade war to drop their initial tariffs. In theory, at least.

    The first US-China trade war, which resulted in five waves of tariffs and subsequent retaliations, concluded with a trade deal in January 2020. Under the deal, the US cut some of the tariffs and China committed to increase US imports by US$200 billion (£151 billion) over the next two years.

    It is difficult to say whether retaliatory tariffs played a role in the de-escalation of US-China tensions. But US businesses and consumers could indeed have felt the pain from tariffs on Chinese goods. This may have influenced the US’s willingness to negotiate.

    In a parallel trade war over US steel and aluminium in 2018, the EU imposed retaliatory tariffs on iconic US goods such as jeans and Harley-Davidson motorbikes. This led to the renegotiation of some of the tariffs in 2021. The tariffs were eventually paused under president Joe Biden’s administration.

    Trade wars harm both sides and negotiations should be the first tool to use when disputes arise. Given how unpredictable Trump is on this matter, the UK’s response of not rushing into retaliation seems like a sensible approach. But at the same time, it should keep the threat of tariffs on the table for any future negotiations. With Trump, all countries should remember to expect the unexpected.

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

    – ref. Trump has shown he will backtrack on tariffs. What does that say about how to wage a trade war? – https://theconversation.com/trump-has-shown-he-will-backtrack-on-tariffs-what-does-that-say-about-how-to-wage-a-trade-war-254265

    MIL OSI – Global Reports –

  • MIL-OSI Video: Experts Explain: What are the long-term economic trends to watch?

    Source: World Economic Forum (video statements)

    What’s really driving the world economy? In our latest episode of Experts Explain, we explore the long-term economic trends shaping our future — from shifting trade dynamics and the rise of AI to the global impact of ageing populations.

    While news moves fast, long-term economic trends take months, even years to emerge. To find out what major issues will shape the world’s economic future, we sat down with 5 Chief Economists:

    – Rima Bhatia, Group Economic Advisor, Gulf International Bank
    – Ralph Ossa, Chief Economist, World Trade Organization
    – Nela Richardson, Chief Economist and ESG Officer, ADP Research Institute
    – Tomas Castagnino – Managing Director of Economic Research, Accenture Research
    – Paul Gruenwald – Global Chief Economist at S&P Global Ratings

    The World Economic Forum’s Chief Economists community discusses global economic trends and developments and publishes their Outlook three times per year. Read more here: http://wef.ch/chiefeconomists

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► / worldeconomicforum
    YouTube ► / wef
    Instagram ► / worldeconomicforum
    X ► / wef
    LinkedIn ► / world-economic-forum
    TikTok ► / worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=BxTa-_47Gjg

    MIL OSI Video –

  • MIL-OSI Africa: Afreximbank delivered exceptional 2024 financial performance, cementing its position as a systemic pan-African trade finance institution

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

    CAIRO, Egypt, April 15, 2025/APO Group/ —

    African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries, for the year ended 31 December 2024.

    Financial Highlights

    Afreximbank reported strong financial performance despite a complex global economic landscape marked by geopolitical tensions, inflationary pressures, and elevated interest rate, posting a net income of US$973.5 million for FY 2024, a 29% increase from the previous year – with subsidiaries beginning to make meaningful contributions to the Group’s financial results.

    These impressive results highlight Afreximbank’s resilience, systemic relevance and its commitment to delivering on its mandate and the objectives set under its Sixth Strategic Plan. The Group’s total income increased by 23% to reach US$3.3 billion, driven by growth in business volumes and supported by higher market interest rates. As a result, net interest income for FY2024 amounted to US$1.8 billion, a 25% increase compared to FY2023, reflecting the effective and efficient management of borrowing costs.

    Despite rising operating expenses, Cost-to-Income ratio improved to 18% in FY 2024, down from 19% in the previous year – demonstrating enhanced operational efficiency. This was achieved even as total operating expenses rose by 21% to US$367.7 million (FY2023: US$304.5 million), primarily due to global inflationary pressures and increased investment in human capital to support expanded business activities.

    Group’s total assets, including contingencies, grew by 7.55%, reaching US$40.1 billion as of 31 December 2024, compared to US$37.3 billion at the close of FY’2023. The growth was largely driven by increases in net loans and advances to customers, guarantees and letters of credit, as well as investments at fair value, property and equipment.

    The carrying value of property and equipment increased by 33%, rising from US$328.1 million to US$436.4 million, primarily driven by the accelerated construction of the state-of-the-art Afreximbank African Trade Centre (AATC) facilities in Abuja, Nigeria, and Harare, Zimbabwe.

    The Group’s Shareholders’ funds grew by 17% in 2024, reaching US$7.2 billion (FY’2023: US$6.1 billion). This growth was largely driven by the Net income of US$973.5 million generated in 2024 which contributed to the increase in equity, while FY’2023 dividends of US$314.5 million were appropriated following the Shareholders’ approval in June 2024. Additionally, the successful capital-raising efforts under the second general capital increase (GCI II) programme, which secured fresh equity contributions totalling US$412.8 million during the year also contributed to the increase in Group shareholders’s funds.

    The Bank’s callable capital, a significant proportion of which was credit enhanced as part of the Bank’s Capital Management Strategy, amounted to US$4.3 billion as at 31 December 2024 (FY’2023: US$3.7 billion).

    Operating Highlights

    In 2024, Afreximbank was ranked number one in all three categories in the Bloomberg Capital Markets League Tables Report for African Capital Markets. The Bank was the top Sub-Saharan Africa bookrunner, administrative agent and mandated lead arranger. These rankings affirm the Bank’s role as a market leader in facilitating capital from within and outside of the continent from a diverse range of investors and stakeholders for financing needs for African member states and organizations.

    Afreximbank continued to expand its membership, further deepening its continental and diaspora reach. Libya’s accession to the Establishment Agreement brought the number of African member states to 53 by year-end, and just weeks later, Somalia became the 54th participating state. On the Caribbean front, membership momentum remained strong, with 12 of the 15 CARICOM countries having signed the Bank’s Participating Agreement, paving way for Afreximbank to expand its operations into the region.

    The Bank’s subsidiaries also delivered a robust growth and made a significant impact throughout the year. The Fund for Export Development (FEDA), the equity investment subsidiary of the Bank, expanded its impact portfolio to over US$0.5 billion, targeting key sectors such as industrial platforms, financial services, agribusiness, and healthcare. AfrexInsure, the Bank’s specialty insurance subsidiary, successfully deployed its solutions to an expanding customer base across multiple sectors and geographies. By year-end, AfrexInsure had completed transactions in seventeen countries, up from seven the previous year, covering US$3.54 billion in assets. Notably, AfrexInsure was able to place 97% of its premiums with pan-African players, in line with its mandate to keep premiums on the continent.

    The Pan African Payment and Settlement System (PAPSS) continued its upward trajectory in 2024, with 3 additional Central Banks and 50 commercial banks joining the platform, bringing the total number of Central Banks to 16 and commercial banks to 144. In addition, PAPSS launched the African Currency Marketplace (PACM) in 2024, which successfully handled 12 currencies during its pilot phase and becoming a useful platform for large corporates encountering difficulties in repatriating funds across the continent. Work is also progressing towar the launch of the PAPSS card, further enhancing the platform’s capacity to facilitate seamless financial transactions across the continent.

    In the last quarter of 2024, the Bank priced its debut Samurai bond, securing a regular 5 tranche JPY 67.2 billion. Concurrently, the Bank launched its inaugural Retail Samurai bond with a 3-year fixed-rated tranche valued at JPY 14.1 billion. The bonds are rated ‘A-’ by Japan Credit Rating Agency, Ltd and helped with diversifying the Bank’s funding sources.

    The fundraising opportunities were further validated by the AAA/Stable rating awarded to the Bank by China Chengxin International Credit Rating Co., Ltd (CCXI), the highest rating ever granted to an African multilateral financial institution. This prestigious rating not only affirms the Bank’s developmental impact and operational strength but also enhances our ability to diversify funding sources and strengthen our partnership with China, Africa’s largest trading partner.

    Afreximbank, in collaboration with the African Union and the AfCFTA Secretariat, and the Government of the People’s Democratic Republic of Algeria will hold the Intra-African Trade Fair 2025 (IATF2025) in Algiers, Algeria, from 4-10 September 2025. The event, the largest of its kind in Africa, champions the cause of changing the socio-economic landscape of Africa by devising progressive initiatives aimed at promoting intra-African trade, continental integration and a platform for bringing the AfCFTA vision to life.

    Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

    “In a challenging and rapidly evolving global geopolitical and economic environment, the Group delivered robust financial performance, exceeding expectations and outperforming prior years. This achievement highlights management’s commitment to executing the 6th Strategic Plan, ensuring operational efficiency, and enhancing value. The Bank’s strong financial position is underpinned by solid liquidity, a well-capitalized balance sheet, and a high-quality asset portfolio. Management remains confident in the Group’s ability to navigate ongoing economic headwinds and sustain growth trajectory. Strategic initiatives to mitigate risks and optimize operations have reinforced the foundation for long-term success. Looking ahead, global economic conditions are expected to remain volatile, with inflationary pressures, tighter financial conditions, and geopolitical uncertainties posing potential risks. The Bank will continue to play its role as a systemically relevant institution, balancing growth, liquidity, profitability, and risk management while pursuing sustainable expansion.”

    Highlights of the results for the Group and Bank are shown below:

    Financial Metrics

    FY-2024

    FY-2023

    Gross Income (US$ billion)

    3.3

    2.6

    Operating Income (US$ billion)

    2.0

    1.6

    Net Income (US$ million)

    973.5

    756.1

    Total Assets (US$ billion)

    35.3

    33.5

    Total Liabilities (US$ billion)

    28.1

    27.3

    Shareholders’ Funds (US$ billion)

    7.2

    6.1

    Net asset value per share

    US$69,270

    US$63,683

     Financial Metrics

    FY-2024

    FY-2023

    Profitability

    Return on average assets (ROAA)

    Return on average equity (ROAE)

    2.96%

    15.31%

    2.56%

    13.31%

    Operating Efficiency

    Net interest spread

    Cost-to-income ratio

    4.07%

    18.35%

    4.09%

    19.09%

    Asset Quality

    Non-performing loans ratio (NPL)

    2.33%

    2.47%

    Liquidity and capital adequacy

    Cash/Total assets

    Capital Adequacy ratio (Basel II)

    13.18%

    24%

    16.80%

    25%

    MIL OSI Africa –

  • MIL-OSI Africa: One Month to Invest in African Energy (IAE) 2025: Africa’s Energy Licensing Surge to Take Center Stage

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

    PARIS, France, April 15, 2025/APO Group/ —

    With just one month to go to the Invest in African Energy (IAE) 2025 forum, the event is shaping up to be a milestone moment for upstream investment on the continent. IAE 2025 will spotlight Africa’s resurgence in exploration activity – with over 150 oil and gas blocks on offer across more than 10 countries on the continent. Backed by national oil companies (NOCs), regulators and government ministries, the forum stands to connect international capital and energy opportunities to investors and developers.

    Africa’s 2025 licensing calendar is one of the most active in recent years, with countries across North, West, Central and East Africa opening acreage and reforming terms to attract global explorers. Dozens of offshore and onshore blocks are being offered through both direct negotiations and competitive bidding, with new rounds in Libya, the Republic of Congo, Liberia, Sierra Leone, Algeria and Angola, among others. A central focus of the upcoming forum, these offerings are supported by revised fiscal frameworks, comprehensive seismic data and digitalized platforms aimed at streamlining investor engagement and lowering entry barriers.

    IAE 2025 (https://apo-opa.co/4jrAKig) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    The IAE 2025 program will feature dedicated sessions that highlight new opportunities, policy reforms and strategic deals. An Energy Reform Briefing on Sierra Leone will explore the structural changes aimed at enhancing the country’s competitiveness in upstream oil and gas. A high-profile session from the newly established South African National Petroleum Company (SANPC) will offer insight into the entity’s vision, followed by a live investor pitch. An “In Conversation” dialogue with TotalEnergies will explore the major’s evolving investment priorities in Africa and its role in the continent’s energy transition. Meanwhile, the Premier Invest Deal Room will showcase six major upstream transactions, providing a curated environment for qualified investors, lenders and project sponsors to engage in due diligence and financing discussions.

    IAE 2025 will welcome government officials, companies and financiers. Confirmed ministers include the Republic of Congo’s Minister of Hydrocarbons, Bruno Jean-Richard Itoua; Nigeria’s Minister of State for Petroleum Resources (Gas), Eperikpe Ekpo; Gabon’s Minister of Petroleum, Marcel Abéké; Mauritania’s Minister of Petroleum and Energy, Mohamed Ould Khaled; Senegal’s Minister of Energy, Oil and Mines, Birame Soulèye Diop; Guinea-Bissau’s Minister of Energy, Malam Sambu; and Liberia’s Minister of Mines and Energy, Wilmot Paye.

    Industry participation ranges from leading majors such as TotalEnergies, Eni and Perenco, to NOCs including SNPC, SANPC, Gabon Oil Company and Uganda National Petroleum Company. Junior explorers and independents like Afentra, Trident Energy, Oando, UTM Offshore and EcoAtlantic will also join the conversation, alongside key players in technology and finance such as Technip Energies, NOV, SLB, Wärtsilä, Africa Finance Corporation, Rand Merchant Bank and the Trade and Development Bank. Together, leaders from both public and private sectors will engage in high-level discussions on topics ranging from financing the next generation of energy projects, to optimizing value from mature and mid-life assets, as well as transforming power generation across the continent.

    As global investors seek scalable growth opportunities and secure supply options, Africa is presenting a compelling case for upstream development and gas-led industrialization. With one month to go, IAE 2025 offers a timely and focused opportunity to engage with the people, projects and policies shaping the next chapter of African energy.

    MIL OSI Africa –

  • MIL-OSI Africa: GITEX AFRICA Morocco’s third edition opens to the continent’s largest gathering of globally influential tech leaders, government officials and innovators

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

    RABAT, Morocco, April 15, 2025/APO Group/ —

    GITEX AFRICA Morocco (www.GITEXAfrica.com), the continent’s largest tech and startup show today opened its doors to the biggest players across the local, regional and international digital landscapes, turning the city of Marrakech into an epicentre of advanced technology, talent, and transformation.

    Running until 16 April, GITEX AFRICA Morocco is held under the high patronage of His Majesty King Mohammed VI, May God Assist Him, the authority of the Kingdom’s Ministry of Digital Transition and Administration Reform, in partnership with Digital Development Agency (ADD), and organised by KAOUN International – the overseas event agency of Dubai World Trade Centre (DWTC) and organiser of GITEX events globally.

    Her Excellency, Amal El Fallah Seghrouchni, Minister of Digital Transition and Administration Reform, Government of Morocco opened the show’s inauguration ceremony to welcome participants from over 130 countries, 1,450 exhibitors, 350 global investors, and 650 conference speakers.

    The opening address was delivered as part of the inauguration panel session made up from key dignitaries, including H.E. Dr. Mohamed Al Kuwaiti, Head of Cybersecurity, Government of the United Arab Emirates, and Mr. Chakib Alj, the President of the General Confederation of Moroccan Enterprises (CGEM).

    Her Excellency, Amal El Fallah Seghrouchni, Minister of Digital Transition and Administration Reform, Government of Morocco, said: “GITEX AFRICA affirms the growing importance of the digital economy, which represents today 15% of global GDP, or some $6.5 trillion. Aware of the challenges of this digital revolution, the Kingdom of Morocco is actively committed to building a future where digitalization, and through it AI, constitutes a lever for progress, for the benefit of all. It is in this sense that His Majesty King Mohammed VI, may God assist Him, affirmed in his speech to the Extraordinary Summit of heads of state and government of the African Union in Kigali, in March 2018: “Africa is on its way to becoming a global digital laboratory.” A wise and enlightened vision that continues to guide the initiatives of our country and our continent.”

    Mr. Mohammed Drissi Melyani, Director General of the Digital Development Agency, said: “This international event, organised under the High Patronage of His Majesty King Mohammed VI may God Assist Him, has become one of the most prominent digital and technological gatherings on the African and international levels. It is no longer just an occasion to showcase the latest innovations, but has become a strategic place to strengthen digital inclusion between African countries, to build bridges of cooperation with our international partners, and to accelerate the pace of sustainable digital transformation. This reflects our firm ambition and strong commitment to achieve an inclusive digital transition and to establishing a new digital culture that prioritises the advancement of administration, entrepreneurial fabric, and society, as well as to build of a developed and competitive digital economy.”

    Trixie LohMirmand, Chief Executive Officer, KAOUN International, said: “As we enter the third edition of GITEX AFRICA Morocco, there is a strong sense of momentum and purpose. This event has evolved into a powerful platform driving Africa’s digital future and, with AI at the forefront of global innovation, Morocco is positioning itself as a hub for an incredible transformation across the continent. This is backed by ambitious national strategies, a vibrant ecosystem of startups, and growing international partnerships. GITEX AFRICA Morocco serves not just as a showcase agenda-defining tech, but also as a catalyst for collaboration, investment, and scaling, connecting African innovators and talent with global markets and empowering the next generation to build, revolutionise, and lead the AI economy.”

    This year GITEX AFRICA Morocco is primed to forge new partnerships and explore new industries, thereby elevating its influence and impact on Africa’s digital landscape even further. The 2025 edition presents an expanded agenda and representation from new countries from the African, European and Asian continents including, Belgium, Gabon, Niger, Switzerland, Uzbekistan, Zambia. In addition to the show’s traditional focus on AI, cybersecurity, and telecoms the event will also cover energy transition, mobility, edutech, sports technologies, and agritech.

    GITEX AFRICA Morocco returns for its third year with support from institutional partners: ANRT, Royal Air Maroc, ONCF, OCP, ONDA, AMDIE, ONMT and CGEM.

    For news and updates on GITEX AFRICA Morocco, please visit: www.GITEXAfrica.com.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Opportunity to operate Markeaton Park catering facilities

    Source: City of Derby

    Derby City Council is inviting expressions of interest from experienced and imaginative operators to manage the catering facilities at the popular Markeaton Park. The opportunity includes the operation of The Orangery café and the kiosk located at the Mundy Play Centre.

    In November, Derby City Council’s Cabinet approved plans to outsource the management of its leisure facilities, and the Markeaton Park catering provision is the first phase of this process. The move is intended to provide financial savings while maintaining a high level of service for customers. 

    The Council is conducting a non-committal Expression of Interest (EOI) exercise and encourages anyone interested in operating either the Orangery or Mundy Play Centre kiosk – or both – to get in touch. Responses from both businesses and community groups are welcome.

    The Orangery café is a Grade-II Listed building situated at the heart of Markeaton Park, overlooking the picturesque terrace gardens. The Orangery is part of the 18th-century stable yard, now a vibrant craft village with various workshops and businesses selling handmade goods, gifts, and activities. 

    The kiosk is located within the central Mundy Play Centre, serving the pay-to-play and free play provisions in this popular section of the park.

    Councillor Ndukwe Onuoha, Derby City Council Cabinet Member for Streetpride, Public Safety and Leisure, said:

    This is a fantastic opportunity for the right operator, or operators, to become a key part of the vibrant offering at Markeaton Park.

    We encourage interested parties to come forward with ideas that will complement the park’s existing attractions and meet the needs of our residents and visitors.

    The Council would like the new operators to offer a quality café and kiosk service that fits the needs of the local community and park users, as well as attracting new visitors. 

    Successful operators will need to maintain a consistent presence within the park, keeping to minimum opening times. This includes opening for the Orangery for a minimum of five hours per day, seven days a week, throughout the year (including Bank Holidays). The kiosk should be open for at least four hours a day on Saturdays, Sundays, and school holidays from April through to October. 

    The Expression of Interest responses received will be used to help determine the next steps for the facilities. Those interested in this opportunity are invited to register their interest by completing the online form. The deadline for submitting Expressions of Interest is midday on Tuesday 6 May 2025.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Turtle Bay crowned overall winner at Coventry’s Best Bar None Awards for second successive year

    Source: City of Coventry

    An award ceremony saw bars, pubs, clubs and restaurants in Coventry celebrate achieving a leading industry accreditation – with Turtle Bay taking home the top prize for a second year running.

    The city’s hospitality sector came together at Drapers Hall to celebrate their work in providing safe experiences for customers, with 14 venues receiving ‘Best Bar None’ accreditation.

    Best Bar None is an accreditation scheme supported by the Home Office and drinks industry that aims to improve standards in licensed premises.

    It is the industry gold standard and is delivered in the city by Coventry Business Improvement District (BID) and Coventry City Council’s Licensing Team. The accreditation highlights to customers that a venue excels in safety, training, management and customer experience.

    The ceremony welcomed John Miley, from the national Best Bar None scheme, to speak to the businesses and present awards. He was joined by representatives from Coventry City Council, West Midlands Police and Dal Dhillon, founder of Dhillon’s Brewery and representative of Coventry’s Pubwatch scheme.

    Venues to be recognised as Best Bar None accredited for this year include The Earl of Mercia, Las Iguanas, Turtle Bay, The Phoenix, Club Heat, The City Arms, Dhillon’s Brewery, Mr Shenanigans, Genting Casino, The Spon Gate, Samoan Joes, The Flying Standard, Putt Putt Social and The Yard.

    Turtle Bay was named the overall winner at the Best Bar None Award ceremony, recognising the Caribbean-inspired bar and restaurant achieving the highest score across all the key assessment metrics.

    The night also saw the presentation of five category awards to recognise excellence in specific areas.

    Club Heat and The City Arms were joint winners of the Venue Management award, with The Flying Standard taking home the trophy for Staff Training.

    The Spon Gate came away with the award for Customer Safety and Welfare and Dhillon’s Brewery was recognised with the Customer Experience prize.

    This year saw the inaugural presentation of the Best Newcomer Award, as the accreditation scheme continues to attract new venues across the city.

    Putt Putt Social, The Phoenix and Las Iguanas are all new to the Best Bar None scheme this year – with Las Iguanas and Putt Putt Social sharing the honours for the Best Newcomer award.

    Joanne Glover, Chief Executive of Coventry BID, said:

    “Best Bar None isn’t just about recognition, it is about raising standards, promoting safety and ensuring that Coventry remains a thriving and inclusive place for all everyone that lives, works or visit here.

    “This is the third time we have hosted the Best Bar None award ceremony and each year we see higher scores on assessments from existing venues and welcome new businesses to join the scheme.

    “We would like to congratulate and thank every venue that has taken part this year – they are what makes this city so special and their commitment to a vibrant, welcome and safe nighttime economy is unrivalled.”

    Councillor Abdul Salam Khan, Cabinet Member for Policing and Equalities and Chair of the Coventry Police and Crime Board, said:

    “This scheme is one of a number of really important projects that relies on a whole range of partner agencies and businesses to be a part of.

    “Best Bar None and other schemes help create a better and safer experience for customers visiting the city, and I’m really grateful for the efforts of everyone involved – especially those businesses in the city’s hospitality sector.”  

    Councillor Faye Abbott, Chair of the Licensing and Regulatory Committee at Coventry City Council, said:

    “I would like to congratulate all the venues that achieved Best Bar None accreditation for 2025, it is an absolutely fantastic achievement.

    “This accreditation is an important measure of the improvement of standards. When people feel secure and welcome in any setting it is better for everyone, and contributes to a vibrant city where everyone can enjoy great experiences.” 

    Deklin Kinsella, from West Midlands Police, said:

    “Congratulations to all of the venues that have achieved accreditation this year, their hard work and dedication does not go unnoticed. It’s important we all continue to work together to make nightlife in Coventry the best and safest experience it can be. We are proud to be partners in the Best Bar None scheme to make Coventry and its night-time economy a safe space for everyone.”

    To find out more about Best Bar None accreditation contact admin@coventrybid.co.uk

    MIL OSI United Kingdom –

  • MIL-OSI Europe: European Union – Statement by Jean-Noël Barrot on his arrival at the Foreign Affairs Council (14 Apr. 2025)

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    This weekend, the horror in Ukraine reached its peak with the Palm Sunday massacre. In Sumy in the north-east of the country, innocent civilians were targeted twice by Vladimir Putin’s missiles. It’s a demonstration – if it were still needed – of Vladimir Putin’s contempt for civilians and for the laws of war. Let me remind you that Vladimir Putin is still under an arrest warrant from the International Criminal Court for war crimes. It’s also a demonstration of his real intentions. Whereas Ukraine agreed to a ceasefire more than a month ago now, Vladimir Putin clearly has no intention of moving in that direction. So he must be forced to, and that’s why I’m calling on the European Union to adopt the most severe sanctions against Russia, to paralyse its economy and prevent it from fuelling its war effort. I think the United States, which has put a lot of effort into achieving a ceasefire – and Donald Trump himself has devoted a lot of time and energy to it – can also, through sanctions which are ready, force and oblige Vladimir Putin to sit down at the negotiating table.

    In Gaza, the situation is more tragic than ever. Access for humanitarian aid to the enclave stopped more than a month ago now. There must be a return to the ceasefire, unimpeded access for humanitarian aid must be permitted, and the Hamas hostages must be released. Talks can then begin on the basis of the plan prepared by the Arab countries for Gaza’s reconstruction, governance and security, and then for movement towards a political solution, because there is no military solution to the Israeli-Palestinian conflict. A political solution is the focus of the United Nations conference chaired by France and Saudi Arabia, which aims to preserve the two-State solution and put it on track, through collective and reciprocal recognition enabling the Israeli people and the Palestinian people to live side by side in peace and security.

    On Iran, today we’re adopting a raft of sanctions against people responsible for the state-hostages policy. That’s the demand I set out at the last Foreign Affairs Council. I’m pleased that we can adopt these sanctions today against seven people and two entities, including Shiraz prison. It was time, because the conditions in which some of [our] French-European compatriots are being held are humiliating and akin to torture in international law, and some of them are deprived of consular protection. That’s why I’ve announced that France will lodge a complaint to the International Court of Justice for the violation of consular protection. And I’ve reminded all our compatriots to avoid travelling to Iran, and those who are in transit to return as soon as possible. At the same time, the United States embarked on talks with Iran this weekend. We very much welcome this initiative, but we’ll be vigilant, with our British and German friends and partners, to ensure that any negotiations that might begin are indeed in line with our security interests when it comes to the Iranian nuclear programme, which poses a significant threat to French and European territory. We’re awaiting the report, in a few weeks’ time, by the IAEA Director General, which is due to demonstrate – or at any rate report on – the progress of that programme.

    Regarding Azerbaijan, I’m very concerned about the rising tensions on the border. I’d like the European mission deployed on the ground to be greatly increased in order to be able to observe and contain those tensions. The peace treaty must now be signed and arbitrary detainees, prisoners, must be released. That’s the gist of what I said last week.

    I’ll end with the situation in the Balkans, which was the focus of discussion yesterday evening and to which we’ll return today to make active efforts to ensure that the region – which is at the heart of the European Union and to which we want to export our stability rather that import its instability – all our efforts must converge to bring stability and a form of calm, despite the tensions that have emerged in recent days.

    MIL OSI Europe News –

  • MIL-OSI: A quarter of Gen Z now pays for social media

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., April 15, 2025 (GLOBE NEWSWIRE) — In a surprising twist to the once-free world of social media, nearly a quarter (23%) of Gen Z Americans (aged 18-25) now pay for a subscription to social media platforms such as Snapchat and X. That’s nearly double the rate (14%) of US subscribers at large, according to new data from the Subscriptions Assemble study by Bango (AIM: BGO).

    This emerging trend among Gen Z is just the beginning. The report — based on a landmark study of 5,000 US subscribers — finds that younger Americans are at the forefront of a new phase of the subscription economy where bundling is the rule.

    Meet the most subscribed generation in America

    Gen Z is the most heavily subscribed generation, paying for nearly seven (6.8) services on average. And they’re not shy about the cost: their total annual spend tops out at $940 per year.

    They’re also most likely to subscribe ‘indirectly’ via bundle deals through third parties (such as their cell phone plan), with almost three of their subscriptions (2.7) now paid in this way.

    Why? More than any other group, Gen Z prioritizes speed. 25% say it’s faster to subscribe indirectly through a bundle. Over a third (36%) also say they get a better price.

    In fact, they’re the most likely to cancel or pause a direct subscription in favor of a better deal in a bundle, with 32% of Gen Z making that move vs 20% of the wider population — signaling a shift in not just what they buy, but how they buy it.

    The Gen Z playlist: from Spotify to Xbox GamePass

    Music subscriptions top the subs list for Gen Z, with 59% saying they subscribe to at least one — compared to 43% of older American subscribers.

    They are also the only age group for which streaming services such as Netflix or Disney+ don’t come out on top, with 56% of Gen Z paying for at least one of those, compared with 75% of US subscribers as a whole.

    Gaming subscriptions are also much more popular with this group, with almost half (46%) paying for gaming services such as Xbox GamePass or PS Plus compared with only 22% of US subscribers overall.

    Bundles wanted

    Despite being cost-conscious digital natives, Gen Z subscribers are also the most likely to lose track of what they’re paying for. Nearly half (48%) admit they lose track of their total subscription spend. And over half (52%) are frustrated they can’t manage all their subscriptions in one place.

    That’s fuelling demand for smarter subscription bundling hubs such as ‘Verizon +play’. Over half of Gen Z (55%) would like their telco to manage all their subscriptions and a massive 73% say they’d be willing to pay more on their mobile or internet bill if subscriptions were included.

    1 in 5 Gen Z would prefer this sort of all-in-one subscription service to be offered by social media platforms like Meta, TikTok or X.

    Paul Larbey, CEO at Bango said “Gen Z is known for being cost-conscious, so they are discovering real value and convenience in bundled services. That means buying services as bundles is likely to become a lasting habit with this generation. Predictably these consumers look for subscription ‘staples’ — like music and streaming — through bundles to keep costs manageable.

    But what’s really surprising is that despite their cautious approach to spending, young people are willing to pay extra for premium access to social media. Instead of just consuming content, they’re enhancing their online presence and social connections. Platforms like Snapchat+ are now starting to be offered by telcos, showing how the bundle helps social media subscriptions to meet Gen Z’s demand for impact and convenience.”

    Read the full Gen Z breakdown here.

    About Bango
    Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft, trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit www.bango.com

    Media contact
    SamsonPR
    bango@samsonpr.com
    M: +1 631.830.3305

    The MIL Network –

  • MIL-OSI: Purpose Investments to Launch World’s First Spot Solana ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”), the firm behind the world’s first spot Bitcoin and Ether ETFs, is set to launch the world’s first spot Solana ETF — Purpose Solana ETF (ticker: SOLL). The ETF is expected to commence trading on the Toronto Stock Exchange on April 16, 2025, and is designed to offer direct spot exposure to Solana along with attractive staking rewards, powered by Purpose’s proprietary in-house validator infrastructure, a product feature that eliminates third-party costs and may result in higher net rewards for investors.

    “Solana represents the next wave of blockchain innovation — lightning-fast, scalable, and powering real-world applications. Launching the world’s first spot Solana ETF is a natural next step for Purpose. With SOLL, we will combine direct access to this rapidly growing ecosystem with built-in staking rewards powered by Purpose’s validator infrastructure — giving investors a secure and easy way to earn more from investing in Solana,” said Vlad Tasevski, Chief Innovation Officer, Purpose Investments.

    With SOLL, investors will gain regulated access to Solana’s high-performance blockchain without needing digital wallets or exchanges. The ETF will be available in CAD-hedged (ticker: SOLL), CAD non-hedged (ticker: SOLL.B), and USD non-hedged (ticker: SOLL.U) units.

    This launch further strengthens Purpose’s status as a global leader in digital asset ETF innovation and as Canada’s largest digital asset ETF manager. To date, Purpose’s crypto suite lineup includes:

    • Purpose Bitcoin ETF (BTCC) and Purpose Ether ETF (ETHH): The world’s first spot Bitcoin and Ether ETFs, offering regulated access, high liquidity, and a strong track record – backed by advanced features for active traders and tactical allocators.
    • Purpose Bitcoin Yield ETF (BTCY) and Purpose Ether Yield ETF (ETHY): Yield-generating ETFs that use covered call strategies to help investors earn income from their Bitcoin and Ether holdings.
    • Purpose Ether Staking Corp. ETF (ETHC.B): A staking-focused Ether ETF, giving investors access to Ethereum’s proof-of-stake rewards in a regulated structure.

    As blockchain technology transforms financial markets, Purpose remains committed to bridging traditional finance with the future of decentralized and emerging financial technology, helping investors navigate the evolving digital economy with confidence. To learn more about Solana’s investment opportunity, check out Purpose’s blog and whitepaper. To explore the full suite of crypto ETFs, visit the Purpose Digital Assets Suite.

    About Purpose Investments

    Purpose Investments Inc. is an asset management company with over $22 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif.

    For further information, please email us at info@purposeinvest.com.

    Media inquiries:
    Keera Hart
    keera.hart@kaiserpartners.com
    905-580-1257

    The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information, and any representation to the contrary is an offence. The information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice.

    Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Crypto assets can be extremely volatile, and there can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Fund distribution levels and frequencies are not guaranteed and may vary at the Purpose Investment’s sole discretion.

    Certain statements in this document may be forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes The Monarch Cement Co. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced The Monarch Cement Company (OTCQX: MCEM), a leading cement manufacturer, has qualified to trade on the OTCQX® Best Market. The Monarch Cement Co. upgraded to OTCQX from the Pink® market.

    The Monarch Cement Co. begins trading today on OTCQX under the symbol “MCEM.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    About The Monarch Cement Co.
    The Monarch Cement Company is a leading cement manufacturer committed to excellence in producing high-quality cement products. With a strong focus on sustainability and corporate responsibility, Monarch is dedicated to reducing its environmental impact and contributing positively to the communities it serves.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Blue Moon Metals Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Blue Moon Metals Inc. (TSX-V: MOON; OTCQX: BMOOF), a company advancing three brownfield polymetallic projects, has qualified to trade on the OTCQX® Best Market. Blue Moon Metals Inc. upgraded to OTCQX from the OTCQB® Venture Market.

    Blue Moon Metals Inc. begins trading today on OTCQX under the symbol “BMOOF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

    “We are pleased to be upgraded to the OTCQX Best Market from the OTCQB Venture Market,” said Christian Kargl-Simard, CEO of Blue Moon Metals Inc. “With our zinc-gold-silver-copper Blue Moon Mine in the United States ready for underground exploration and development, we have many US Investors ready to invest in the Company. Our Blue Moon Mine should be producing metals critical to the global economy and national security by the end of this decade, and the OTCQX Market will facilitate that path.”

    About Blue Moon Metals Inc.
    Blue Moon is advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States. All three projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the USGS and EU list of metals critical to the global economy and national security.

    About OTC Markets Group Inc.

    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSTM are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI Global: How mine water could warm up the UK’s forgotten coal towns

    Source: The Conversation – UK – By Jingyi Li, Research Associate, Geothermal Energy and Climate Change, University of Manchester

    Historic coal mining in north-east England. Jingyi Li, CC BY-NC-ND

    The Ukraine war sent shockwaves through global energy markets, driving up prices and leaving households across the UK struggling with soaring energy bills. But beneath the ground, in disused coal mines, lies a hidden resource – warm water. This underused geothermal source could be transformed into affordable, low-carbon heating for homes and businesses, especially in regions hardest hit economically by the decline of coal.

    Across the UK, around 25% of the population lives above disused coal mines. This underground warmth could be harnessed by pumping naturally warm water to the surface and using heat pumps to raise its temperature for heating. This could lower energy bills and cut emissions by about the same as removing 44,000 cars from the roads annually, according to our calculations. Despite this promise, mine-water heating remains largely underutilised across the UK, as deployment has lagged far behind, leaving most of the resource untapped.

    Although flagship projects like the one in Gateshead, operational since 2023, demonstrate the feasibility of mine-water heating in the UK, they remain the exception. Deployment has been especially slow even in high-potential areas like south Wales. Meanwhile, the mine-water heating scheme at Seaham Garden Village, near Sunderland, has only recently kicked off construction after a prolonged delay since its initial planning in 2019.

    Our new research shows that despite growing interest, projects across the UK continue to be stalled by funding gaps, regulatory hurdles and a shortage of skilled workers. Without immediate action, these former coal-mining communities are at risk of falling further behind as the country moves towards cleaner energy for net zero, widening the gap between wealthier and disadvantaged regions.

    The solution is simple but not easy: sufficient and accessible funding schemes especially for those undeserved communities, streamlined regulations and support from fossil fuel companies, whose engineering expertise can be applied to mine water heating. Technology could transform a forgotten coal legacy into a sustainable future for communities in need.

    Coal production history v today’s mining village.
    Jingyi Li, CC BY-NC-ND

    The UK has a vast network of abandoned coal mines, especially in north-east England, which once produced 14% of the nation’s coal. However, around a quarter of the population in this region lives below the poverty line today.

    Many households in the north east experience fuel poverty at rates higher than the national average, with energy bills that are often higher than in most other parts of England. Mine-water heating could help address this burden, but to make a meaningful difference, both the number and scale of schemes must be increased nationwide.

    Gateshead mine water heat scheme.
    Jingyi Li, CC BY-NC-ND

    However, current government funding schemes, like the heat networks delivery unit, only cover about 33% of capital costs according to our interviewee, leaving local authorities and developers to find the rest. This competitive model disadvantages poorer areas that need the most support. Without solid financial backing, many projects will never get off the ground.

    The Coal Authority has played a key role in piloting early mine water schemes, but industry feedback points to a need for faster, more transparent deployment pathways. Developers face regulatory uncertainty in accessing mine-water heat from the Coal Authority, citing delays and procedural complexity as barriers to investment.

    Ambiguities in the regulatory framework for accessing this form of geothermal heat create delays and add to the financial burden for developers. The expertise required, such as drilling and pipework, is common in the UK’s longstanding oil and gas industry, but our research found that the current small-to-medium scale and uncertain future of mine water heating sector make it difficult to attract these skilled workers.

    Learning from the past

    Often the simplest and most reliable designs are the most effective. William Reid Clanny, a 19th-century inventor, made mine-safety lamps more sophisticated but ultimately delicate and impractical – his design required manual air pumping, used fragile glass that broke easily underground, and was too heavy for regular use. The same principle applies to mine-water heating. Straightforward, direct policies can cut through red tape to get projects up and running without unnecessary bureaucratic complications.

    Simple safety lamps like these were used by UK miners.
    Image Seeker/Shutterstock

    For mine-water heating to work on a larger scale, funding must be easier to access, especially for regions hardest hit by the decline of coal. The Department for Energy Security and Net Zero could allocate funds specifically for these areas, giving them a fair chance to develop projects without having to compete with wealthier regions.

    New rules should clearly set a timeline for gaining the permission to access and exploit the underground heat. This would give developers confidence and attract investment. The US and New Zealand show how clear rules can boost interest in renewables.

    To overcome the skills shortage, the Indian government introduced a corporate social responsibility law whereby companies are required to invest a portion of their profits into local projects. Applying this approach in the UK could encourage fossil fuel companies to fund training and support local green initiatives. It could also provide opportunities for laid-off workers unable to find similar high-paying jobs abroad and training for local workers in former mining communities.

    Mine water isn’t just a low-carbon heating source, it’s a chance to deliver justice to communities long left behind. But achieving this will require decisive action from policymakers. Unlocking this hidden resource can help power the UK’s green transition.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.

    Cathy Hollis receives funding from the Natural Environment Research Council. She is affiliated with and President of the International Association of Sedimentology, a not-for-profit, non-political scientific society.

    Alejandro Gallego Schmid and Jingyi Li do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. How mine water could warm up the UK’s forgotten coal towns – https://theconversation.com/how-mine-water-could-warm-up-the-uks-forgotten-coal-towns-241834

    MIL OSI – Global Reports –

  • MIL-OSI: Castellum, Inc.’s Subsidiary GTMR Adds Professional Services to its Current GSA MAS Contract

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., April 15, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its subsidiary Global Technology and Management Resources, Inc. (“GTMR”) has added Special Item Number (“SIN”) 541611 to their existing General Services Administration (“GSA”) Multiple Award Schedule (“MAS”) contract. SIN 541611 now allows GTMR to bid on competitive contracts related to management and financial consulting, acquisition and grants management support, and business program and project management services. GTMR’s existing GSA MAS contract includes SIN 541330ENG engineering services, 541380 testing laboratory services, 541420 engineering system design and integration services, and 541715 engineering research and development and strategic planning.

    “This is another positive step towards competing in more markets with a wider variety of services. Thanks to the hard work of GTMR’s leadership and our CTM professionals we were able to expand from engineering services into professional services on GSA MAS, demonstrating the ability to move into similar market areas leveraging our past performance. We can now respond to Requests for Quotations (“RFQs”) and Requests for Proposals (“RFPs) tied specifically to SIN 541611. This is also an important step in being able to leverage our joint venture agreements on the GSA MAS schedule. We have proven we are focused on organic growth and continue to make great progress,” said Drew Merriman, Chief Operating Officer of Castellum.

    About Castellum, Inc.

    Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government – https://castellumus.com/.

    Cautionary Statement Concerning Forward-Looking Statements:

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities including opportunities arising from the GSA MAS contract, and related RFQs and RFPs, and other customers, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.

    Contact:

    Glen Ives
    President and Chief Executive Officer
    Phone: (703) 752-6157
    info@castellumus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98f3a02c-1db7-42e1-b8c9-7597091b0b78

    The MIL Network –

  • MIL-Evening Report: Does Russia have military interest in Indonesia? Here’s what we know – and why Australia would be concerned

    Source: The Conversation (Au and NZ) – By Matthew Sussex, Associate Professor (Adj), Griffith Asia Institute; and Fellow, Strategic and Defence Studies Centre, Australian National University

    A news report that Russia has sought to base long-range aircraft in Indonesia caught Australia’s political leaders by surprise during an already hectic election campaign.

    The military publication Janes reported on Tuesday that Russia had requested permission for its aircraft to be based at the Manuhua Air Force Base in Indonesia’s easternmost province of Papua.

    The base is just 1,300 kilometres away from Darwin.

    Australian Defence Minister Richard Marles issued a statement denying the report, saying his Indonesian counterpart assured him there would be no Russian planes based in Indonesia. Australian Prime Minister Anthony Albanese said he was seeking “further clarification” with Jakarta about the Janes report.

    Janes is a respected outlet when it comes to defence news, so it’s likely the Russians did float the idea, even if it might have been done at lower levels.

    Why would Russia be cosying up to Indonesia?

    Since Prabowo Subianto came to power as Indonesia’s new president last October, Moscow and Jakarta have sought to deepen their military ties. In fact, the two countries conducted their first-ever joint naval exercises a month after Prabowo took office.

    But this isn’t a totally new strategy by Moscow, which has tried on numerous occasions to pivot to Asia to give itself more economic heft and leverage in the region.

    The Kremlin is also cognisant that Europe won’t be a friend for the foreseeable future. As such, it’s even more pressing for Russia to establish itself as a player in the Indo-Pacific region – and with that comes a miltary and security presence.

    About ten years ago, for instance, the Russian regime secured an agreement with Vietnam to allow its air force to refuel their aircraft at a former US base in the country. Russia also had interest in reestablishing a submarine base in Vietnam and has sold submarines to the country.

    In addition, Moscow has sought to sell defence technology and fighter jets to Indonesia for some time, seeing it as a potentially lucrative market for Russian arms. Beyond defence, the bilateral relationship has also focused on energy and education.

    These attempts to deepen Moscow-Jakarta ties form part of a targeted Russian campaign to boost its relationships with a number of Southeast Asian nations.

    What about the timing?

    If the Janes report is accurate, the timing of the purported approach from Russia would be interesting. The report said it came after a meeting between Sergei Shoigu (recently demoted from Russia’s defence minister to an inferior role as secretary of the Russian Security Council) and Indonesia’s defence minister in February of this year.

    At the time, the United States was distracted by the first chaotic weeks of US President Donald Trump’s second term in office.

    So, if Russia did make such a request, it would be highly opportunistic, especially given Jakarta has been keen to deepen ties with Moscow.

    It is also noteworthy that Indonesia recently joined the BRICS, the group of rapidly emerging economies that also includes Brazil, Russia, India, China, and Russia, among others.



    Read more:
    Indonesia’s BRICS agenda: 2 reasons Prabowo’s foreign policy contrasts with Jokowi’s

    How concerned should Australia be?

    Even though both Canberra and Jakarta dismissed the report, there was good reason for Australia to be concerned.

    Russia’s long-range aviation assets, notably the venerable Tu-95, which is used for reconnaissance as well as strategic bombing, can easily travel over 10,000 kilometres.

    From a base in Indonesia, this would give the Russian air force the ability to conduct ISR (intelligence, surveillance and reconnaisance) missions during Australian military exercises, gather data on military installations in the Northern Territory (which also host US Marines), and even conduct surveillance on US military activities in Guam.

    Equally, given the closeness of ties between Beijing and Moscow, any Russian intelligence that was gathered could be shared with China.

    The reported Russian military interest in Indonesia will also have irritated Australian foreign policy makers, especially since Canberra has invested significant diplomatic capital in boosting Australia-Indonesia ties.

    Fortunately, the closeness of the relationship, which includes recently upgraded defence ties, will also have allowed for some plain speaking from Australian interlocutors.

    They will doubtless have pointed out that agreeing to any such Kremlin request would cast significant doubt on Indonesian claims about non-alignment. It would also be viewed unfavourably by other regional actors, who have no interest in seeing an enhanced Russian military presence in the region.

    The assurance from Jakarta that no Russian planes would be based in Indonesia is therefore a positive development.

    But ultimately the reported Russian request is another example of the messy and fragmented world we now live in.

    It highlights the reality that Australia will sometimes have to do business with partners who have friends we don’t like. Under those conditions, being firm on issues that threaten our national interests – like the prospective basing of military assets by a hostile power close to our shores – becomes all the more important.

    Matthew Sussex has received funding from the Australian Research Council, the Atlantic Council, the Fulbright Foundation, the Carnegie Foundation, the Lowy Institute and various Australian government departments and agencies.

    – ref. Does Russia have military interest in Indonesia? Here’s what we know – and why Australia would be concerned – https://theconversation.com/does-russia-have-military-interest-in-indonesia-heres-what-we-know-and-why-australia-would-be-concerned-254601

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Liverpool film studio scores BAFTA albert win

    Source: City of Liverpool

    Last updated:

    A Liverpool studio’s aim to be one of the UK’s greenest has been rewarded with a prestigious rating from the UK film industry.

    The Depot, which has hosted numerous award-nominated TV productions, has been named as a ‘Very Good’ BAFTA Albert sustainable studio.

    The new accolade makes The Depot one of the leading net zero studios of its kind in the country in delivering its carbon-cutting commitments.

    Owned by Liverpool City Council and managed by the Film Office, The Depot first opened its doors in 2021 and since then has welcomed productions such as This City Is Ours, The Gathering and Sexy Beast.

    A total of 31 studios participated in this round of the BAFTA Albert Studio Sustainability Standard where The Depot was awarded a rating of ‘Very Good’ with a score of 80% – compared to an average score of 77%.

    Areas in which the studio excelled were 100% LED studio lighting, providing the service of renewable generators, the sustainability policy, as well as access to green biodiverse space.

    Suggestions for improvements include installing EV charging ports, looking at the feasibility of renewable energy generation and increasing the recycling rate.

    Launched in 2022, the BAFTA Albert Studio Sustainability Standard is the world’s first sustainability assessment designed to help measure and reduce the environmental impact of film and TV studios by focusing on six key areas: Climate, Circularity, Nature, People, Management and Data.

    Each studio submits data annually under the areas highlighted to then receive a performance report as well as a grade so that benchmarking work can be done to continue to make improvements and compare other studios across the world.

    This award comes after Liverpool was announced as the world’s first UN Accelerator City for climate action, which recognises the city’s commitment to trial new ways to decarbonise the music and film production sectors.

    For more information about the Film Office, and to watch the 35th anniversary celebratory showreel, head to the official website.

    Leader of Liverpool City Council, Councillor Liam Robinson, said:
    “This is fantastic news for the city and for film and TV productions who choose Liverpool as their place to shoot their stories for screen.

    “Not only have we achieved a ‘Very Good’ rating but The Depot is leading the way for film and TV studios in the North, proving that if you want to shoot sustainable productions, Liverpool is the very best place to do this.

    “This news follows our announcement last year about our ‘plug and play’ zones across key filming and TV sites in the city centre and is yet another important step towards the city’s net-zero future.”

    Head of Liverpool Film Office, Lynn Saunders, said:
    “We’re thrilled to receive the rating of ‘Very Good’ and so proud that we’ve achieved this award in the first time in entering.

    “We’re dedicated to building on the success of filming in the Liverpool City Region by creating a sustainable screen eco system, bettering not only our skills programme but the way we work with productions when they come to our region to film.

    “By having this award, we will be able to track our progress and continue to make meaningful improvements to The Depot to better the environment for generations to come.”

    Mayor of the Liverpool City Region Steve Rotheram said:
    “We’re proud to be leading the charge in building a cleaner, greener economy right here in the Liverpool City Region – and with The Depot becoming a ‘Very Good’ BAFTA Albert sustainable studio it shows we’re not just talking the talk, we’re walking the walk.

    “It’s brilliant to get this kind of recognition. Every step we take to build sustainability into our everyday lives leads to bigger shift – and it’s those changes that’ll help us hit our ambitious target of becoming net zero by 2035. That’s a decade ahead of the government – and proof that when we set ourselves targets, we deliver.”

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Approval of HK warehouses hailed

    Source: Hong Kong Information Services

    Secretary for Financial Services & the Treasury Christopher Hui today welcomed the move by the London Metal Exchange (LME), a wholly-owned subsidiary of Hong Kong Exchanges & Clearing, to approve the first three applications to establish recognised warehouses in Hong Kong.

    The LME included Hong Kong as an approved delivery point within its global warehousing network in January this year, and began accepting applications from warehouse operators to become approved storage entities of LME-registered brands of metals.

    The endorsed applications involve four warehouse facilities. 

    Mr Hui said: “The approval of the first batch of applications in merely a few months indicated the efforts of the Government and the industry in exploring new growth areas, and allowed LME-approved warehouse operators and local warehouse operators to begin the process of establishing operations early.”

    Noting the Chief Executive’s emphasis of the need to explore new growth areas in his 2024 Policy Address, Mr Hui highlighted that the establishment of a commodity trading ecosystem is a new growth point to consolidate and enhance Hong Kong’s status as an international financial centre.

    “The establishment of LME-approved warehouses in Hong Kong will provide convenient, cost-effective and safe delivery channels for metals trading in the region.

    “This will not only attract relevant enterprises to establish a presence in Hong Kong, turning our city into an operation centre for international commodity trading, storage and delivery, shipping and logistics, risk management, but also promote the development of related financial transactions such as futures, thereby injecting new impetus into consolidating Hong Kong’s status as an international financial centre.”

    The Government understands that other operators are applying to become approved warehouses of the LME. Various bureaus and departments will continue to maintain communication with relevant industry players and provide assistance on technical matters as appropriate.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Bitget Unveils New Ad Featuring FC Barcelona Star Raphinha to Champion Smarter Crypto Solutions

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 15, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company, is kicking off a dynamic new campaign with LALIGA, featuring Barcelona’s electrifying winger Raphinha. The new collaboration highlights Bitget’s innovative trading products—Copy Trading, Launchpool, and Pre-market—drawing a clever parallel between the precision of elite football and the strategy behind smart crypto trading via a series of videos that will be launched throughout the month of April.

    Just as Raphinha dances past defenders with samba flair or executes tiki-taka precision on the pitch, Bitget’s tools empower traders to navigate the crypto markets with agility and foresight. The campaign’s three commercials showcase this harmony, blending LALIGA’s cutting-edge approach to sports with Bitget’s tech-driven trading solutions.

    “In football, split-second decisions make the difference between a goal and a miss,” said Jorge de la Vega, LALIGA executive director. “Partnering with Bitget reflects our shared focus on innovation, performance, and strategy—whether on the field or in the markets.”

    Raphinha, who recently hit 50 goal contributions for FC Barcelona this season, echoed the sentiment: “Football and trading both demand quick thinking and the right tools. Bitget’s platform helps traders stay ahead, just like we do on the pitch.”

    The campaign isn’t just about star power; it’s about engagement. Bitget will roll out user education initiatives and trading challenges, allowing participants to win exclusive LALIGA prizes, including match tickets to see Raphinha in action for league leaders FC Barcelona. Think of it as a hat-trick of opportunities: learn, trade, and win.

    “What excites me most about this partnership isn’t just the shared spotlight between crypto and football; it’s how fundamentally alike these worlds are. When Raphinha receives the ball, he’s processing positioning, momentum, and opportunity in real-time, much like a skilled trader reading market movements,” said Gracy Chen, CEO at Bitget. She added, “We’ve built tools that give users that same edge: Copy Trading lets you learn from the pros, Launchpool brings effortless passive income, and Pre-market offers early winning opportunities. This campaign celebrates that strategic mindset whether you’re trading on our platform or watching Raphinha light up the Camp Nou.”

    LALIGA’s reputation for embracing technology aligns perfectly with Bitget’s mission to make crypto trading accessible and intuitive. Both industries thrive on strategy, timing, and execution—whether it’s a perfectly placed through ball or a well-timed trade. This campaign marks the latest chapter in Bitget’s growing sports legacy, having partnered with football legend Lionel Messi and the Italian football club Juventus. As the campaign unfolds, Bitget and LALIGA aim to inspire fans and traders alike to embrace a smarter, more strategic approach, both in crypto and beyond.

    Visit Bitget’s YouTube channel for part one of the Raphinha series.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d035087-a248-41fb-a491-eb9990eff6ab

    The MIL Network –

  • MIL-OSI: Hasan Ismaik Opens Strategic Investment Opportunity in Germany’s Historic TSV 1860 Munich

    Source: GlobeNewswire (MIL-OSI)

    ABU DHABI, United Arab Emirates, April 15, 2025 (GLOBE NEWSWIRE) — Billionaire businessman and Chairman of HAMIC Group, Hasan Abdullah Ismaik, has announced that he is currently reviewing multiple acquisition offers for his stake in TSV 1860 Munich, one of Germany’s most iconic football clubs. The move marks a significant strategic opportunity for global investors seeking to be part of a legacy brand with strong cultural roots and untapped growth potential.

    Founded over 165 years ago, TSV 1860 Munich holds a celebrated place in German football history, having won the Bundesliga championship in 1966. The club is deeply embedded in the spirit of the city of Munich and enjoys a wide and loyal fan base, with its distinctive blue representing more than just sport—it represents identity, pride, and tradition.

    In an exclusive interview with Germany’s ARD TV channel, Ismaik stated:
    “We have received several compelling offers from investors who recognize the unique potential of 1860 Munich. We are currently evaluating the best option to ensure the club’s long-term growth and global positioning.”

    Ismaik emphasized the club’s solid foundation and remarkable capacity for expansion, noting that with a strategic investment of €300 million, TSV 1860 Munich has the potential to exceed a €2 billion market valuation in the near future.

    This development follows over a decade of successful stewardship under Ismaik, whose early investment in 2011 helped stabilize the club financially. His involvement has safeguarded its heritage and positioned it for a new era of ambitious transformation.

    In closing, Ismaik shared a powerful message of optimism:
    “We know that lions rest for long periods—but the time has come to awaken them.”

    Visit our website: www.HAMIC.com

    For more information, please contact:

    PR@hamic.com

    +971582913443

    Follow us on https://www.instagram.com/hamicgroup/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ac6ea67-ca0e-427b-8847-d2cbc7f90b0b

    The MIL Network –