Category: Energy

MIL-OSI: SKYCORP SOLAR GROUP SHOWCASES ADVANCED PV Cable and CONNECTION SOLUTIONS AT SNEC 2025

Source: GlobeNewswire (MIL-OSI)

Ningbo, China, June 16, 2025 (GLOBE NEWSWIRE) — Skycorp Solar Group Limited (the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, highlighted its latest innovations at the 18th SNEC International Photovoltaic Power Generation and Smart Energy Conference & Exhibition. From June 11-13, 2025, its subsidiary, Ningbo Pntech New Energy Co., Ltd. (“PNTECH”), introduced advanced photovoltaic connection solutions, drawing substantial industry attention and reinforcing its position in renewable energy cable development.

Commitment to Technological Advancement

As an Asian new energy cable comoany listed in the U.S., Skycorp Solar Group has consistently invested in research and development, with over RMB100 million ($14 million) dedicated to innovation over the past 14 years. This focus has led to 47 patented technologies, including proprietary XLPE modified polymer insulation materials designed for enhanced durability in extreme temperatures (-40°C to +90°C). The Company also utilizes 99.97% pure tin-plated oxygen-free copper conductors, supporting long-term performance exceeding 25 years in demanding applications.

“Our MC4 series connectors integrate a dual-seal design, minimizing contact resistance by 20% compared to conventional models while achieving an IP68 protection rating,” said Weiqi Huang, CEO of Skycorp Solar Group. “Additionally, our specialized connectors for the energy storage sector incorporate phosphorus-nitrogen flame-retardant technology that meets UL94 V-0 standards, providing a reliable solution for photovoltaic and energy storage applications.”

Proven Solutions for Global Energy Projects

Skycorp Solar Group’s technologies have been deployed in multiple international projects. The Company provides key components for Germany’s 15MW distributed photovoltaic system (utilizing TÜV-certified cables), Australia’s 120MW solar-plus-storage project (compliant with AS/NZS 5033:2024 standards), and Poland’s 48MW agrivoltaic installation, demonstrating compliance with global industry standards (featuring patented anti-UV technology).

In China, PNTECH supplies cables and connectors for local government projects, where its patented “6-in-1” technology supports a photovoltaic curtain wall system producing 300,000 kWh annually. Longstanding collaborations with industry leaders further reflect the Company’s strong market presence.

Production Capabilities and Industry Certifications

Operating across more than 140 countries and regions, Skycorp Solar Group continues to advance its manufacturing capacity. Since 2022, the Company has expanded to six photovoltaic cable production lines and eight connector manufacturing lines, supported by a newly established 16,000-square-meter smart factory. Annual supply capacity for photovoltaic projects has reached 9.3GW, with cable shipments exceeding 100 million meters.

“Our product lineup, showcased at SNEC booth 7.2H-C120, demonstrates exceptional performance and reliability,” said Jimmy Sheng, Global Sales Director of PNTECH. “All solutions adhere to international standards, which are compliant with certifications including TÜV, IEC, CE, and CQC.”

Future Outlook and Investment Value

“The global shift toward renewable energy is accelerating, with interconnection systems playing a vital role in efficiency and safety,” said CEO Huang. “At Skycorp, we integrate materials science and electrical engineering to enhance photovoltaic connection standards and support this transition.”

“Skycorp plans to allocate over 8% of annual revenue to R&D, advancing from traditional connections to intelligent solutions. With 47 patents, a growing international footprint (30%+ overseas orders), a robust 9.3GW annual supply capacity, and strong industry collaborations, the Company remains focused on delivering long-term value in the evolving energy landscape,” he said.

About Skycorp Solar Group Limited

Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.skycorp.com/.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
Skycorp Solar Group Limited
Cathy
Investor Relations
Email: ir@skycorp.com
Tel: +86 185 0252 9641 (CN)

WFS Investor Relations Inc.
Connie Kang
Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

The MIL Network –

June 17, 2025
MIL-OSI: Natural Gas Services Group, Inc. Announces Transition of Stephen C. Taylor to Chairman Emeritus and Appointment of Donald J. Tringali as Chairman of the Board

Source: GlobeNewswire (MIL-OSI)

Midland, Texas, June 16, 2025 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE: NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced that Stephen C. Taylor has transitioned from Chairman of the Board to the role of Chairman Emeritus, effective immediately. Concurrently, the Company’s Board of Directors has appointed Donald J. Tringali as Chairman. Mr. Taylor continues his role as a director on the Company’s Board.

This transition marks a significant milestone for Natural Gas Services Group. Mr. Taylor has played an integral role in shaping the Company’s direction, growth, and culture over the past two decades. Since his appointment as Chief Executive Officer in 2005, he has overseen the transformation of NGS into a national compression platform, expanding its fleet, footprint, and capabilities across major U.S. oil and gas basins, in addition to leading the Company into the large horsepower market. In the fiscal year prior to his appointment as CEO, NGS reported $7.8 million in EBITDA. By the time of his retirement as CEO in 2024, EBITDA had increased nearly sixfold to $45.8 million, reflecting a significant expansion of NGS’s customer base, equipment portfolio, and field service infrastructure. This performance was achieved while maintaining a strong balance sheet and an enduring focus on shareholder value.

Following his service as CEO, Mr. Taylor remained Chairman of the Board, where he continued to provide sound guidance and institutional knowledge during a period of transition. His dedication to the Company, its people, and its mission has been unwavering, and he leaves the Chairman role with NGS well-positioned for continued success as evidenced by NGS’s industry leading organic growth.

“On behalf of the entire organization and the Board, I want to express our deepest gratitude to Steve for his extraordinary leadership and service,” said Justin Jacobs, Chief Executive Officer of NGS. “The strength of our Company today is a direct result of his vision and discipline over many years. During my own transition into the CEO role, Steve provided invaluable support that helped ensure continuity and confidence among all stakeholders. He is a trusted advisor and a model of steady, principled leadership. We are fortunate that he will continue to serve as a director and remain one of our largest shareholders.”

Mr. Taylor reflected, “It has been a great privilege to serve Natural Gas Services Group over the past 20 years. I am proud of the progress we have made—from a small, regional provider to a trusted leader in natural gas compression. That progress is a credit to the people of NGS, whose integrity, technical excellence, and commitment to service have always defined our success. I want to thank our customers, employees, partners, and shareholders for their support. With a strong executive team, a clear strategy, and a culture rooted in operational excellence, I believe NGS is poised for continued great achievement. I look forward to continue supporting the Company in this next chapter.”

Mr. Tringali, who has served on the NGS Board as an independent director, assumes the role of Chairman with a strong understanding of the Company’s business and strategic priorities. He brings significant experience in corporate governance and has been a valuable contributor to the Board’s oversight and direction.

“It is an honor to step into the role of Chairman,” said Mr. Tringali. “Steve’s leadership has been foundational to the success and reputation of Natural Gas Services Group. He has overseen an era of meaningful expansion and has fostered a culture of professionalism and long-term thinking that will endure. I look forward to working closely with Justin, the Board, and the management team as we continue to advance the Company’s strategy and deliver value to shareholders. Steve’s continued involvement on the Board will be an important asset as we move forward.”

About Natural Gas Services Group, Inc.
Natural Gas Services Group is a leading provider of natural gas compression equipment, technology and services to the energy industry. The Company designs, rents, sells and maintains natural gas compressors for oil and natural gas production and plant facilities, primarily using equipment from third-party fabricators and OEM suppliers along with limited in-house assembly. The Company is headquartered in Midland, Texas, with a fabrication facility located in Tulsa, Oklahoma, and service facilities located in major oil and natural gas producing basins in the U.S. Additional information can be found at www.ngsgi.com.

For Additional Information:
Anna Delgado – Investor Relations
(432) 262-2700
ir@ngsgi.com
www.ngsgi.com

The MIL Network –

June 17, 2025
Sensex, Nifty rise nearly 1% despite rising Middle East tensions

Source: Government of India

Source: Government of India (4)

Indian stock markets displayed resilience on Monday amid escalating tensions between Israel and Iran, as investors maintained their focus on long-term fundamentals despite the volatile geopolitical backdrop.

Both the Sensex and Nifty ended the day with sharp gains of nearly 1 per cent, reflecting investor optimism in the face of uncertainty.

The Sensex surged 677.55 points, or 0.84 per cent, to close at 81,796.15, after hitting an intra-day high of 81,865.82.

Similarly, the Nifty advanced 227.9 points, or 0.92 per cent, to settle at 24,946.50.

“The index witnessed a sharp rally as it reclaimed the 21-EMA after a brief dip below it,” said Rupak De, Senior Technical Analyst at LKP Securities. “Currently, with investors awaiting the Fed’s follow-up commentary post the rate announcement, a steep directional move is not expected for now.”

However, De added, “A rally towards 25,350 looks highly probable once Nifty reclaims the 25,000 mark. On the downside, support is placed at 24,850.”

Broader markets also posted gains. The Nifty Midcap100 rose by 0.93 per cent, while the Nifty Smallcap100 climbed 0.95 per cent.

All sectoral indices ended in the green, indicating broad-based buying. The Nifty IT index was the top performer, gaining 1.57 per cent, followed by Realty (1.32 per cent), Oil & Gas (1.11 per cent), and Metal (1.07 per cent).

Other sectors including banking, energy, FMCG, pharma, and media also closed higher.

Among the top gainers on the Sensex were Ultratech Cement, Tech Mahindra, HCL Tech, TCS, Kotak Mahindra Bank, and Infosys — with some stocks rising up to 2.4 per cent.

On the downside, Tata Motors emerged as the biggest laggard, falling 3.76 per cent. Sun Pharma also closed in the red.

Meanwhile, the India VIX — often referred to as the market’s “fear index” — declined by 1.6 per cent to 14.83, suggesting a relatively calm market outlook in the short term.

Vinod Nair, Head of Research at Geojit Financial Services, noted that despite geopolitical tensions in the Middle East, the markets moved higher, supported largely by gains in large-cap stocks.

“Geopolitical developments in the region are likely to influence near-term market sentiment, with any signs of de-escalation being closely monitored. Small-cap stocks may underperform in the short term due to their elevated valuations and lack of immediate triggers,” he said.

-IANS

June 16, 2025
MIL-OSI United Kingdom: Investment zones to bring jobs and cash to Scotland
Source: United Kingdom – Government Statements

News story

Investment zones to bring jobs and cash to Scotland

Both investment zones will support thousands of jobs and bring in millions of pounds of investment, as part of the UK Government’s Plan for Change.
Advanced Manufacturing will be a key part of the Glasgow Investment Zone

Jobs and cash boost for Scotland as two investment zones have reached a key milestone.

At the Spending Review the Chancellor confirmed the focus of both Glasgow City Region and the North East Scotland Investment Zones (IZs).

The Glasgow site will be focussed on advanced manufacturing, targeting innovation in the space and maritime fields and in semi-conductor production. It is expected to generate around £300 million of initial private investment and support up to 10,000 jobs in the region.

After California, Glasgow City Region is the largest supplier of small satellites in the world, with around 30 companies in the industry.

The North East IZ will focus on green industries and the digital and tech sectors, building on the region’s existing strengths and playing a key role in the country’s transition away from oil and gas.

This is expected to generate around £1.7 billion of private investment and support up to 18,000 jobs.

Deputy Prime Minister and Secretary of State for Housing, Communities and Local Government Angela Rayner said:

Growing the economy to improve living standards is the number one priority of our Plan for Change, creating opportunities for communities across the UK.

That’s why we have taken forward Scotland’s two Investment Zones. By building on the amazing strengths Glasgow and North East Scotland already possess, they will attract the investment and drive the growth that people deserve.

Deputy First Minister Kate Forbes said:

Investment Zones will play a role in attracting private investment, growing Scotland’s economy and creating jobs. They will help to maximise the impact of our world-class universities and colleges, leveraging our existing research and innovation strengths, and grasping emerging opportunities to support growth in the Glasgow City Region and the North East.

The Scottish Government is providing a package of Non-Domestic Rates Retention at the sites which can be used to further invest in the Zones and their infrastructure.

We have worked with the UK Government to tailor the Investment Zone model to align with Scotland’s economic strategy, supporting the development of clusters and driving innovation in key sectors such as net zero, advanced manufacturing and digital technologies.

UK Government Scotland Office Minister Kirsty McNeill said:

The Spending Review clearly showed how Scotland is at the beating heart of the UK Government’s Plan for Change and confirmation of the focus for Scotland’s two Investment Zones is an important part of our commitment to drive an industrial transformation across the country.

The skills and expertise in the Glasgow City Region are perfectly matched to maximising growth in advanced manufacturing, space and maritime with North East Scotland a world leader in green energy, digital and technology. Backed by £160 million UK Government investment each, these zones are part of billions of pounds we are investing to back Scottish jobs as we work with local partners to unleash a new era of growth across Scotland.

The Investment Zones are joint projects between the UK and Scottish governments and the Glasgow City Region and North East Scotland Regional Economic Partnerships.

Glasgow’s IZ is based across Glasgow City Region, with a focus around key sites including the Advanced Manufacturing Innovation District Scotland next to Glasgow Airport in Renfrewshire and the city’s two Innovation Districts, Glasgow Riverside Innovation District and Glasgow City Innovation District.

And the North East IZ will be located in Aberdeen and Aberdeenshire, with key sites including the Energy Transition Zone in the city, strategically located by the Port of Aberdeen South Harbour expansion, and Peterhead – well positioned to take advantage of the emerging opportunities in green industries with easy access to Peterhead Port.

The news follows the confirmation of continued UK Government funding for the Investment Zone programme in the Autumn Budget.

The UK Government is committed to creating good jobs and better living standards for everyone, everywhere in the UK as part of the Plan for Change. The Scottish Investment Zones – two of 13 planned Investment Zones across the UK – will play a key role in that mission.

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Published 16 June 2025
MIL OSI United Kingdom –
June 16, 2025
MIL-OSI Europe: EIB supports with €1.6 bn the strategic Bay of Biscay electricity interconnection between Spain and France
Source: European Investment Bank

EIB
- Bay of Biscay is a landmark project for the European power system that will boost the interconnection capacity between the Iberian Peninsula and rest of continental Europe.
- Initiative to increase the exchange capacity from 2,800 to 5,000 megawatts (MW), improving reliability of power supply among France, Spain and Portugal and with the rest of Europe.
- Once operational the interconnection will contribute to ensure cleaner, more secure, and more affordable power for millions of citizens.
- With a total route length of 400 km, 300 km of which underwater, it will become the first submarine electricity interconnection between Spain and Fance.
- This is a Project of Common Interest for the EU being implemented through a joint venture between the transmission system operators of Spain, Red Eléctrica, and France, RTE, Réseau de transport d’électricité.
The European Investment Bank (EIB) is pledging €1.6 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France. The EIB financing for the Bay of Biscay project takes the form of loans to Spanish and French transmission-system operators Red Eléctrica and RTE Réseau de transport d’électricité.

The parties signed first loan tranches totalling €1.2 billion today at the EIB headquarters in Luxembourg. The event was attended by Nadia Calviño, president of the EIB Group, Dan Jørgensen, European Commissioner for Energy and Housing, Marc Ferracci, French minister of Industry and Energy, Miguel González Suela, Spanish deputy secretary of State – for Ecological Transition and the Demographic Challenge, Beatriz Corredor, chairwoman of Redeia, parent company of Red Eléctrica and Thomas Veyrenc Member of the Executive Board, director general for Finance, Strategy and Economics of RTE. This financial support adds up to the €578 million EU grant allocated to this project under the Connecting Europe Facility.

This is a landmark Project of Common Interest in which the EIB, the European Commission, Red Eléctrica and RTE are joining forces to strengthen cross-border electricity interconnections and hereby the overall European energy system.

“EIB support for the France-Spain electricity interconnection will be key to ensuring that the Iberian Peninsula is no longer an energy island. This agreement will lead to a major shift in energy integration, an important area for EU competitiveness and strategic autonomy.” said Nadia Calviño, president of the EIB Group”.

“Europe needs more integrated and more interconnected energy systems and markets. This is crucial to ensure our citizens have access to clean and stable supplies, wherever they are. This is what a genuine Energy Union is about, “said Dan Jørgensen, European Commissioner for Energy and Housing. “I very much welcome the additional financial support offered by the EIB for a key project that will ultimately improve the lives of many across the Pyrenees and beyond.”

Construction of the Bay of Biscay link is already under way by Inelfe – joint venture by RTE and Red Eléctrica, and it is due to become operational in 2028. Once operational, the project will almost double the electricity exchange capacity between France and Spain to 5,000 MW. That means cleaner, more secure, and more affordable power for millions of citizens, while avoiding 600,000 tonnes of CO₂ each year.

The project will strengthen the interconnection capacity between France and Spain, helping the Iberian peninsula’s progress towards the EU interconnection target for Member States of at least 15% of installed production capacity by 2030. The Bay of Biscay project, together with the underground project between Baixas-Santa Llogaia and the improvement of the existing Argia-Hernani infrastructure will contribute to enhance the interconnection capacity between the Iberian Peninsula and the rest of Europe, while better integrating it within the EU energy market.

‘Today, with the support of the EIB, we take another step forward in this project, a bridge between nations and key for European cohesion that will enable us to tackle the greatest challenge of our time: the energy transition. That is why both countries must continue to work together to strengthen our connections, also through the two new projects planned to cross the Pyrenees’, said Beatriz Corredor, chairwoman of Redeia

“Today is a major milestone for the Bay of Biscay project, which will increase the solidarity between France and Spain but will also contribute to the development of exchanges of low-carbon, competitive electricity throughout Europe. Along with EU institutions – such as EIB – and other European TSOs, RTE is committed to ensure that the French power grid is fit to play its role of a European electricity crossroads, including through major reinforcement projects to avoid internal constraints, as laid out in our recent grid development strategy’, said Thomas Veyrenc, Member of the Executive Board, Director general for finance, strategy and economics of RTE.

The project reinforces the EIB´s role as the climate bank one of the EIB Group’s eight strategic priorities set out in its Strategic Roadmap for the years 2024-2027. The operation is also part of the EIB’s action plan supporting REPowerEU, the program to increase energy security and accelerate the energy transition by reducing the European Union’s dependence on fossil fuel imports.

Marc Ferracci, French minister for industry and energy: “We’re very happy today to have signed the first part of the investment in this interconnection project between France and Spain which will go through the Bay of Biscay. This will allow us to double the capacity of electricity transported between the two countries with 400 km of connection. It’s very important because it illustrates the will of Spain and France to go further in the decarbonisation of our economies. And it shows the solidarity that exists to meet Europe’s energy security challenge.”

“The signing of this agreement marks a major step towards building the Energy Union and strengthening the resilience of the European electricity system as a whole. I am confident that it will not be the last”, said Miguel González Suela, Spanish deputy secretary of State for Ecological Transition and the Demographic Challenge.

Flagship project

The Bay of Biscay interconnection is classified by the EU as a Project of Common Interest or PCI, and is being delivered by Inelfe a joint venture between Red Eléctrica and Réseau transport d’électricité. It is co-funded by a Connecting Europe Facility (CEF) grant of €578 million.

The connection will link two alternating current systems via a submarine direct current line. At each end of the connection, stations in Cubnezais in France and Gatika in Spain will convert the direct current into alternating current for connection to the transmission grids of Spain and France.

The design of the project has been developed through an open and participatory process, with the aim of reaching the greatest possible consensus and ensuring the best solution from a technical, social, and environmental perspective.

The High-Level Group on Interconnections in South-West Europe, established in 2015 between Spain, France, and Portugal with the support of the European Commission, played a critical role in advancing the Biscay Bay project.

More information about the project is available here.

The EIB as a major financier of energy security and grids in Europe

In 2024, the EIB Group signed a record €31 billion to back EU energy security, including for efficiency, renewables, storage and electricity grids, which is expected to support over €100 billion in investment. A total of €8.5 billion financed electricity grids and storage projects, double the amount from previous year. This financing is helping to expand, modernise and digitalise electricity grids making them more resilient and allowing for more and better integration of renewable sources.

In Spain financing of energy security projects was higher than in any other EU country in 2024, totalling more than €5 billion, which is expected to support over €15 billion in investment. A total of €1.54 billion financed grids and storage projects, roughly double the previous year’s amount. In France financing of energy security projects in 2024 was in line with previous years at around €3.6 billion, of which €400 million went to finance grids and storage projects, while €3.2 billion went to other energy projects including renewable energy sources and energy efficiency.

In the last 5 years (2019-24), EIB has financed €16.7 billion in energy projects in Spain, and €17.7 billion in energy projects in France.

Find out more about the EIB’s support for the energy sector here.

Background information

EIB

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

The EIB Group, which also includes the European Investment Fund, signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

In Spain, in 2024, the EIB Group signed new financing worth €12.3 billion for over 100 high-impact projects, while in France, the EIB Group signed new financing worth €12.6 billion also for over 100 high-impact projects, contributing to both countries’ green and digital transition, economic growth, competitiveness and better services for their people.

High-quality, up-to-date photos of our headquarters for media use are available here.

Red Eléctrica

Red Eléctrica is the transmission system operator (TSO) for the Spanish electricity system and Redeia’s flagship. Since 1985, Red Eléctrica guarantee the security of supply in Spain, driving its social and economic development. Now, the company is also the backbone of the energy transition in the country. www.ree.es

Réseau Transport d’Électricité

The French electricity-transmission-system operator, RTE, provides a public service: guaranteeing a constant supply of electricity throughout France, with the same standard of service, thanks to the efforts of its 10,025-strong staff. RTE manages electricity flows, balancing production and consumption in real time. RTE maintains and develops the high and very-high voltage grid (from 63,000 to 400,000 volts) which includes nearly 100,000 kilometres of overhead lines, 7,000 kilometres of underground lines, 2,900 operational substations, some jointly operated, and around fifty cross-border lines. With 37 interconnections with neighbouring countries, the French grid is the largest in Europe. RTE is an independent and neutral industrial operator of the energy transition, optimising and transforming its grid to connect new consumers and low-carbon electricity generation facilities.
MIL OSI Europe News –
June 16, 2025
MIL-OSI: Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Source: GlobeNewswire (MIL-OSI)

Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity

Continues to scale operations with order for its second state-of-the-art battery module manufacturing line

EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers’ option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company’s successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters’ option to purchase additional shares) and convertible senior notes due 2030.

These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos’ market potential and progress against its strategic plan.

“We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,” said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. “Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.”

The capital infusion strengthens Eos’ ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company’s debt.

“This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,” said Joe Mastrangelo, Chief Executive Officer of Eos. “Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.”

Use of Proceeds and Strategic Debt Restructuring

Proceeds from the transactions were used to:
- Fully repurchase the Company’s $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder.
- Prepay $50 million of outstanding borrowings due under the Company’s Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP (“Cerberus”), and
- Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses.
The $50 million prepayment on the DDTL resulted in key benefits:
- Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company’s cost of capital.
- Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth.
- Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests.
- Waived call protection provisions, saving the Company $28.7 million in prepayment expense.
Eos is currently working to obtain approval from the U.S. Department of Energy’s Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan.

Operational Momentum and Manufacturing Expansion

Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company’s plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency.

Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter.

System Performance and Field Integration

As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage.

Introduced during the Company’s December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid.

The Company’s inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration.

Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA’s independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America.

As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape.

Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings.

About Eos
Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

Contacts
Investors: ir@eose.com
Media: media@eose.com

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

The MIL Network –
June 16, 2025
MIL-OSI: Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Source: GlobeNewswire (MIL-OSI)

Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity

Continues to scale operations with order for its second state-of-the-art battery module manufacturing line

EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers’ option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company’s successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters’ option to purchase additional shares) and convertible senior notes due 2030.

These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos’ market potential and progress against its strategic plan.

“We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,” said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. “Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.”

The capital infusion strengthens Eos’ ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company’s debt.

“This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,” said Joe Mastrangelo, Chief Executive Officer of Eos. “Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.”

Use of Proceeds and Strategic Debt Restructuring

Proceeds from the transactions were used to:
- Fully repurchase the Company’s $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder.
- Prepay $50 million of outstanding borrowings due under the Company’s Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP (“Cerberus”), and
- Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses.
The $50 million prepayment on the DDTL resulted in key benefits:
- Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company’s cost of capital.
- Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth.
- Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests.
- Waived call protection provisions, saving the Company $28.7 million in prepayment expense.
Eos is currently working to obtain approval from the U.S. Department of Energy’s Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan.

Operational Momentum and Manufacturing Expansion

Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company’s plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency.

Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter.

System Performance and Field Integration

As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage.

Introduced during the Company’s December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid.

The Company’s inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration.

Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA’s independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America.

As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape.

Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings.

About Eos
Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

Contacts
Investors: ir@eose.com
Media: media@eose.com

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

The MIL Network –
June 16, 2025
IAEA chief says no further damage at Iranian enrichment facilities

Source: Government of India

Source: Government of India (4)

U.N. nuclear watchdog chief Rafael Grossi provided an update on Monday on the situation at Iran’s nuclear facilities after Israel launched military strikes and said there was no sign of further damage at the Natanz or Fordow enrichment sites.

Grossi and the International Atomic Energy Agency he heads had previously reported that the smallest of Iran’s three enrichment plants, an above-ground pilot plant at the sprawling Natanz nuclear complex, had been destroyed.

While there was no sign of a physical attack on the bigger underground enrichment plant at Natanz, its power supply was destroyed, which may have damaged the uranium-enriching centrifuges there. No damage was seen at the Fordow plant dug into a mountain.

“There has been no additional damage at the Natanz Fuel Enrichment Plant site since the Friday attack, which destroyed the above-ground part of the Pilot Fuel Enrichment Plant,” Grossi said in a statement to an exceptional meeting of his agency’s 35-nation Board of Governors.

Having said over the weekend that Israeli strikes damaged four buildings at the Isfahan nuclear facilities including the uranium conversion facility that processes “yellowcake” uranium into uranium hexafluoride, the feedstock for centrifuges, so it can be enriched, he elaborated on the damage there.

“At the Esfahan nuclear site, four buildings were damaged in Friday’s attack: the central chemical laboratory, a uranium conversion plant, the Tehran reactor fuel manufacturing plant, and the UF4 (uranium tetrafluoride) to EU metal processing facility, which was under construction,” he said.

“The (International Atomic Energy) Agency is and will remain present in Iran. Safeguards inspections in Iran will continue as soon as safety conditions allow, as is required under Iran’s NPT (Non-Proliferation Treaty) safeguards obligations,” he added.

(Reuters)

June 16, 2025
MIL-OSI: T1 Energy Advances $850 Million Planned 5 GW Solar Cell Plant

Source: GlobeNewswire (MIL-OSI)

AUSTIN, Texas and NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced the selection of Yates Construction as contractor for preconstruction services and site preparations for its planned $850 million, G2_Austin 5 GW Solar Cell Facility. The project is enabled by the Trump Administration’s tariffs and other policies supporting American advanced manufacturing, jobs and energy dominance.

The commissioners of Milam County, Texas, also unanimously voted to provide T1 Energy with a long-term tax abatement package, subject to the Company meeting or exceeding employment and investment thresholds at the facility. The facility is expected to begin producing cells by the end of 2026, and create up to 1,800 full-time jobs.

G2_Austin is a key part of T1’s strategy to build a domestic solar and battery supply chain to provide America with scalable, reliable and low-cost energy. In combination with the Company’s fully operational G1_Dallas 5 GW Solar Module Facility, T1 plans to address unmet customer demand for U.S. solar cells and modules using TOPCon technology.

“Solar energy is a foundational part of American power grids. Our facilities will manufacture solar cells and modules to invigorate our economy with abundant energy. We’re excited to work with Yates and Milam County to bring American advanced manufacturing to the heart of Texas and to unlock our most scalable energy resources,” said T1 Chairman of the Board and Chief Executive Officer Daniel Barcelo.

“We look forward to working with T1 Energy and leveraging our extensive experience in advanced manufacturing facility construction,” said William G. Yates III, President and CEO of Yates Construction. “This is an exciting project, and Yates Construction is committed to being a collaborative partner throughout the execution of the project.” Yates Construction is part of The Yates Companies, Inc., one of the country’s top builders of complex construction projects.

“We’re thrilled to welcome T1 Energy to Milam County—this partnership brings not just innovation, but the kind of high-quality, good-paying jobs that empower our local families and strengthen our community. It’s a powerful step toward a future of sustainable growth and opportunity, right here at home,” said Milam County Judge Bill Whitmire.

T1 Energy has engaged Yates to provide preconstruction services for G2_Austin and anticipates finalizing commercial terms with the company as General Contractor. Yates joins SSOE Group which has been providing project engineering for G2_Austin since December 2024.

About T1 Energy

T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

To learn more about T1, please visit www.T1energy.com and follow us on social media.

Investor contact:

Jeffrey Spittel
EVP, Investor Relations and Corporate Development
jeffrey.spittel@T1energy.com
Tel: +1 409 599 5706

Media contact:

Russell Gold
EVP, Strategic Communications
russell.gold@T1energy.com
Tel: +1 214 616 9715

Cautionary Statement Concerning Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: the success and timeline of the construction of G2_Austin and T1’s ability to manufacture solar cells and modules; any anticipated benefits of the Trump Administration’s tariffs and other policies; the ability of T1 Energy to meet the required threshold for the long-term tax abatement from Milam County, Texas; the timeline for commencement of cell production at G2_Austin and the creation of jobs in connection therewith; T1 Energy’s strategy to build a domestic solar and battery supply chain to provide America with energy; T1 Energy’s plans to address unmet customer demand for U.S. solar cells and modules and unlock the United States’ energy resources; T1 Energy’s vision and ability to bring American advanced manufacturing to the heart of Texas and to invigorate the United States’ economy with abundant energy, and bring sustainable growth and opportunity to Milam County; and finalizing the commercial terms of engagement with Yates. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, and T1’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on May 15, 2025, (ii) T1’s post-effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

The MIL Network –

June 16, 2025
MIL-OSI: T1 Energy Advances $850 Million Planned 5 GW Solar Cell Plant

Source: GlobeNewswire (MIL-OSI)

AUSTIN, Texas and NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced the selection of Yates Construction as contractor for preconstruction services and site preparations for its planned $850 million, G2_Austin 5 GW Solar Cell Facility. The project is enabled by the Trump Administration’s tariffs and other policies supporting American advanced manufacturing, jobs and energy dominance.

The commissioners of Milam County, Texas, also unanimously voted to provide T1 Energy with a long-term tax abatement package, subject to the Company meeting or exceeding employment and investment thresholds at the facility. The facility is expected to begin producing cells by the end of 2026, and create up to 1,800 full-time jobs.

G2_Austin is a key part of T1’s strategy to build a domestic solar and battery supply chain to provide America with scalable, reliable and low-cost energy. In combination with the Company’s fully operational G1_Dallas 5 GW Solar Module Facility, T1 plans to address unmet customer demand for U.S. solar cells and modules using TOPCon technology.

“Solar energy is a foundational part of American power grids. Our facilities will manufacture solar cells and modules to invigorate our economy with abundant energy. We’re excited to work with Yates and Milam County to bring American advanced manufacturing to the heart of Texas and to unlock our most scalable energy resources,” said T1 Chairman of the Board and Chief Executive Officer Daniel Barcelo.

“We look forward to working with T1 Energy and leveraging our extensive experience in advanced manufacturing facility construction,” said William G. Yates III, President and CEO of Yates Construction. “This is an exciting project, and Yates Construction is committed to being a collaborative partner throughout the execution of the project.” Yates Construction is part of The Yates Companies, Inc., one of the country’s top builders of complex construction projects.

“We’re thrilled to welcome T1 Energy to Milam County—this partnership brings not just innovation, but the kind of high-quality, good-paying jobs that empower our local families and strengthen our community. It’s a powerful step toward a future of sustainable growth and opportunity, right here at home,” said Milam County Judge Bill Whitmire.

T1 Energy has engaged Yates to provide preconstruction services for G2_Austin and anticipates finalizing commercial terms with the company as General Contractor. Yates joins SSOE Group which has been providing project engineering for G2_Austin since December 2024.

About T1 Energy

T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

To learn more about T1, please visit www.T1energy.com and follow us on social media.

Investor contact:

Jeffrey Spittel
EVP, Investor Relations and Corporate Development
jeffrey.spittel@T1energy.com
Tel: +1 409 599 5706

Media contact:

Russell Gold
EVP, Strategic Communications
russell.gold@T1energy.com
Tel: +1 214 616 9715

Cautionary Statement Concerning Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: the success and timeline of the construction of G2_Austin and T1’s ability to manufacture solar cells and modules; any anticipated benefits of the Trump Administration’s tariffs and other policies; the ability of T1 Energy to meet the required threshold for the long-term tax abatement from Milam County, Texas; the timeline for commencement of cell production at G2_Austin and the creation of jobs in connection therewith; T1 Energy’s strategy to build a domestic solar and battery supply chain to provide America with energy; T1 Energy’s plans to address unmet customer demand for U.S. solar cells and modules and unlock the United States’ energy resources; T1 Energy’s vision and ability to bring American advanced manufacturing to the heart of Texas and to invigorate the United States’ economy with abundant energy, and bring sustainable growth and opportunity to Milam County; and finalizing the commercial terms of engagement with Yates. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, and T1’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on May 15, 2025, (ii) T1’s post-effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

The MIL Network –

June 16, 2025
MIL-OSI: Espada Energy Partners Announces Commitment from Carnelian Energy Capital

Source: GlobeNewswire (MIL-OSI)

HOUSTON, June 16, 2025 (GLOBE NEWSWIRE) — Espada Energy Partners, LLC (“Espada”) today announced the closing of an equity commitment from an investment fund managed by Carnelian Energy Capital Management, L.P. (“Carnelian”).

Based in Houston, Espada will pursue an acquisition and development strategy in select onshore basins in North America. Espada is led by Kevin Goodman, who was previously a senior member of the investment team at Carnelian, as well as Geoff Vernon, who brings strong technical and operational leadership experience from prior roles at Southwestern, Earthstone and Chord.

“We are thrilled to partner with Carnelian as we grow Espada,” said Goodman, Espada’s Chief Executive Officer. “This is a compelling time in the energy markets, and Carnelian’s flexible mandate gives us a competitive advantage in the current environment.”

“We are excited to work with Kevin and Geoff to capitalize on the opportunity set ahead,” said Tomas Ackerman, a Carnelian Partner. “The team’s deep relationships, commercial acumen and technical expertise across a variety of basins is a real differentiator.”

About Espada Energy Partners, LLC

Espada Energy Partners is a Houston-based oil and gas company pursuing an acquisition and development strategy in select onshore basins in North America.   For more information, please visit www.espadaenergy.com.

About Carnelian Energy Capital Management, L.P.

Carnelian Energy Capital is an energy investment firm based in Houston, Texas.   With approximately $4 billion of cumulative equity commitments, Carnelian is dedicated to bringing its strategic expertise and nimble approach to partnerships with leading businesses and best-in-class management teams in the North American energy space. For more information, please contact Carnelian at info@carnelianec.com or visit www.carnelianenergy.com.

The MIL Network –

June 16, 2025
MIL-OSI Banking: Joint Press Release of the 32nd ASEAN-EU Joint Cooperation Committee (JCC) Meeting

Source: ASEAN

The Association of Southeast Asian Nations (ASEAN) and the European Union (EU) held their 32nd Joint Cooperation Committee (JCC) Meeting on Monday, 16 June 2025 in Jakarta, Republic of Indonesia.

The two sides reviewed recent developments in their respective regions since the last JCC Meeting held on 8 May 2024, including the challenging global geopolitical context. The two sides reaffirmed their shared commitment to strengthening the rules-based multilateral system through the promotion of effective multilateralism, as well as to respecting and promoting international law and international norms and standards. They reiterated their shared commitment to support ASEAN Centrality and ASEAN-led mechanisms. They confirmed their shared determination to promote peace, security, and stability and prosperity, including through the four priority areas of the ASEAN Outlook on the Indo-Pacific (AOIP) and the seven priority areas of the EU Strategy for Cooperation in the Indo-Pacific, and the protection of human rights and fundamental freedoms.

ASEAN and the EU took stock of their extensive cooperation and explored ways to reinforce their strategic partnership, with a view to improving the security and the quality of life of their citizens, increase connectivity between the two regions, and respond to global challenges. The two sides reviewed the implementation of the Plan of Action to Implement the ASEAN-EU Strategic Partnership (2023-2027), welcoming the progress achieved since their previous meeting, with 61% percent of action lines addressed.

The two sides welcomed the ongoing roll-out of the EU’s Global Gateway, including the implementation of Sustainable Connectivity and the Green Team Europe Initiatives. They expressed their pleasure that all projects under the EU-ASEAN Sustainable Connectivity Package (SCOPE) were now operational, spanning trade, people-to-people connectivity, transport, energy, and digital connectivity. The EU expressed its intention to scale up support for the ASEAN Power Grid, drawing on its experience with energy market integration within the EU. ASEAN also encouraged the EU to actively support the ASEAN Connectivity Strategic Plan (ACSP).

ASEAN and the EU discussed their cooperation in the field of peace and security, including through the ASEAN Regional Forum (ARF). They underscored the importance of strengthening their cooperation in cybersecurity and on maritime security, including through the ASEAN-EU High-Level Dialogue on Maritime Security Cooperation.

The two sides discussed their cooperation on trade and economic issues, focusing in the short and medium term on areas of mutual interest including the digital economy, green technologies and green services, and supply chain resilience, while also reaffirming their intention to pursue more concrete sectoral cooperation in areas of mutual interest as building blocks toward an eventual ASEAN-EU Free Trade Agreement (FTA). They welcomed the ongoing work of the ASEAN-EU Joint Working Group for Trade and Investment, and looked forward to the 21st ASEAN Economic Ministers-EU Trade Commissioner Consultation in September 2025, as well as the launch of the SCOPE Trade project in the coming months. They also recognised the importance of a predictable, transparent, free, fair, inclusive, sustainable and rules-based multilateral trading system, with the World Trade Organisation (WTO) at its core.

They looked forward to the convening of the Fourth Joint Working Group on Palm Oil between the European Union and Relevant ASEAN Member States to continue promoting mutual understanding on the sustainable production of vegetable oils and addressing the challenges in this sector in a holistic, transparent, and non-discriminatory manner.

ASEAN and the EU discussed their cooperation on socio-cultural issues, reiterating their commitment to promoting sustainable development and addressing the global challenges of climate change, biodiversity loss and environmental protection. They also underlined their shared interest in further engagement in the field of Disaster Management and Emergency Response, notably between the ASEAN Coordinating Centre for Humanitarian Assistance on Disaster Management (AHA Centre) and the EU’s Emergency Response Coordination Centre (ERCC).

ASEAN welcomed the EU’s contributions towards ASEAN Community-building and regional integration efforts, and called on the EU to continue its support for the implementation of the ASEAN 2045: Our Shared Future, as well as ASEAN’s efforts to narrow the development gap through the Initiative for ASEAN Integration (IAI).

The meeting was co-chaired by Ambassador Latifah Zaini, Permanent Representative of Brunei Darussalam to ASEAN, and by Ms. Leila Fernández Stembridge, Head of the South-East Asia Division of the European External Action Service, together with Mr. Mario Ronconi, Head of Unit for South and South-East Asia, European Commission Directorate-General for International Partnerships. It was attended by members of the Committee of Permanent Representatives to ASEAN and officials from the EU institutions, as well as officials from the ASEAN Secretariat. EU Member States, Timor-Leste, and the European Investment Bank also attended the meeting as observers.

###

MIL OSI Global Banks –

June 16, 2025
MIL-OSI United Kingdom: Aberdeen becomes first Scottish university with plans to open campus in India The University has taken a significant step forward in its global expansion ambitions after India’s University Grants Commission granted permission to progress with proposals to open a branch campus in Mumbai with a target launch of September 2026.

Source: University of Aberdeen

British High Commissioner H.E. Lindy Cameron, Secretary Higher Education & Acting Chairman University Grants Commission (UGC) Shri Vineet Joshi, Union Education Minister Shri Dharmendra Pradhan, Professor Siladitya Bhattacharya, Vice-Principal Global Engagement at the University of Aberdeen; and Chief Minister of Maharashtra, Shri Devendra Fadnavis.

The University has taken a significant step forward in its global expansion ambitions after India’s University Grants Commission granted permission to progress with proposals to open a branch campus in Mumbai with a target launch of September 2026.
The University of Aberdeen is the first of the UK’s ancient universities and the first Scottish university to be granted permission for a branch campus in India. The proposal will now go to the University’s governing body Court for approval next month.
The successful application to the Indian Government followed discussions – which are ongoing – with the UGC and the University’s Transnational Education partners in India.
The University was granted a Letter of Intent at a special ceremony on Saturday (June 14) in Mumbai hosted by the Indian Government.
The proposals underpin the University’s commitment to India and its vision of fostering world-class education, cutting-edge research and transformative innovation in collaboration with Indian institutions.
Building on decades of University partnerships with more than 200 Indian universities and research centres including IITs – the Indian Institutes of Technology; AIIMS – All India Institute of Medical Sciences; Manipal Academy, ICAR – Indian Council of Agricultural Research and Delhi University, the proposed branch campus would be a hub for academic excellence and global problem-solving.
Aligned with India’s National Education Policy 2020, the proposed campus would initially offer programmes in Computing and Data Science, Business Management, Economics, Artificial Intelligence and an MBA with future expansion into Mathematics and International Business Management and Information Systems, Public Health, Film Studies and Psychology – strategic areas where Aberdeen and India share common priorities.

As the first Scottish university to be granted permission to set up a campus in India, this is more than just an institutional milestone; it underscores how education can serve as a bridge between nations, fostering cultural exchange, mutual respect, and creating global opportunities for students and academics alike.” Alison Barrett MBE, Country Director India at the British Council

A follow up second phase would see the University aim to establish a research and innovation office on the proposed new campus to expand research collaborations and industry partnerships in critical areas such as AI, Energy and Life Sciences.
Professor Siladitya Bhattacharya, Vice-Principal Global Engagement at the University of Aberdeen, said: “We are excited to progress our global ambitions after the Indian Government gave us approval to proceed with our intention for a campus. As a country of over 1.4 billion where 50% of the population are below the age of 25, India has long been a priority area for our global engagement strategy focusing on student recruitment, articulation partnerships, research collaborations and alumni networks.
“The proposed campus aims to empower students, accelerate joint research with Indian partners and contribute to India’s dynamic knowledge economy. By combining the University of Aberdeen’s research expertise with India’s innovation ecosystem, this initiative aims to tackle global challenges while enabling student exchange, faculty collaboration and industry-led innovation.
“It also reinforces the University of Aberdeen’s role as a leader in international education, committed to shaping the future of global higher education and strengthening the deep and historic ties between India and the UK.
“We are looking forward to collaborating with our Indian partners to bring this vision to life and further bolster ties between Scotland and India through education and research.”
Alison Barrett MBE, Country Director India at the British Council, said: “The University of Aberdeen’s decision to progress with a campus in Mumbai marks an important moment in deepening the education partnership between India and the UK. It reflects our shared commitment to advancing the internationalisation of higher education, research, and innovation, as envisioned in India’s National Education Policy 2020.
“As the first Scottish university to be granted permission to set up a campus in India, this is more than just an institutional milestone; it underscores how education can serve as a bridge between nations, fostering cultural exchange, mutual respect, and creating global opportunities for students and academics alike. We are proud to support initiatives that bring world-class education closer to students in India.”

MIL OSI United Kingdom –

June 16, 2025
An overview of Iran’s main gas field and oil infrastructure

Source: Government of India

Source: Government of India (4)

Israel struck an installation at Iran’s South Pars gas field on Saturday, the first attack on Iran’s oil and gas sector as part of what the Israeli government had warned would be a prolonged operation to prevent Tehran from building an atomic weapon.

Iran has partially suspended gas production from the South Pars field, Iran’s portion of the world’s largest natural gas reserve, which lies beneath the Gulf and is shared with major gas exporter Qatar.

Israel also struck a Tehran fuel depot and an oil refinery near the capital on Saturday, Iran said, but authorities said the situation was under control.

Following are some facts on the country’s energy industry, exports, and the impact of previous Western sanctions.

WORLD’S LARGEST GAS RESERVE

Iran produces natural gas from the offshore South Pars gas field, which makes up around a third of the world’s largest reservoir of natural gas.

Iran shares the reservoir with major gas exporter Qatar, which calls its field the North Dome.

Sanctions and technical constraints have meant most gas Tehran produces from the South Pars field is for domestic use in Iran.

Iran’s total natural gas production totalled 266.25 billion cubic meters in 2023, with domestic consumption accounting for 255.5 bcm, according to data by the Gas Exporting Countries Forum, a grouping of gas exporter nations.

About 15.8 bcm of natural gas were exported, the Forum said.

Saturday’s attack struck four units of Phase 14 of South Pars, around 200 kilometres from Qatar’s gas installations, many of which are joint ventures with major international energy firms, including U.S. giants ExxonMobil and ConocoPhilips.

Doha has made hundreds of billions of dollars exporting liquefied natural gas to global markets for nearly three decades.

The entire reservoir contains an estimated 1,800 trillion cubic feet of usable gas – enough to supply the entire world’s needs for 13 years, or to generate enough electricity to supply the U.S. for more than 35 years.

SANCTIONS AND OPEC

Iran’s oil production was at its peak in the 1970s, with record output of 6 million bpd in 1974, according to OPEC data. That amounted to more than 10% of world output at the time.

In 1979, the U.S. imposed the first wave of sanctions on Tehran. Since then the country has been the target of several waves of U.S. and European Union sanctions.

The U.S. tightened sanctions in 2018 after Trump exited a nuclear accord during his first presidential term. Iran’s oil exports fell to nearly zero during some months.

Exports rose steadily under Trump’s successor President Joe Biden’s administration, with analysts saying sanctions were less rigorously enforced and Iran had succeeded in evading them.

Iran is exempt from OPEC+ output restrictions.

WHO IS THE MAIN BUYER OF IRANIAN OIL?

Iran’s crude exports have risen to a multi-year high of 1.8 million bpd in recent months, the highest since 2018, driven by strong Chinese demand.

China says it does not recognise sanctions against its trade partners. The main buyers of Iranian oil are Chinese private refiners, some of whom have recently been placed on the U.S. Treasury sanctions list. There is little evidence, however, that this has impacted flows from Iran to China significantly.

Iran has for years evaded sanctions through ship-to-ship transfers and hiding ships’ satellite positions.

PRODUCTION AND INFRASTRUCTURE

Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 million barrels per day of crude oil, and another 1.3 million bpd of condensate and other liquids, totalling about 4.5% of global supplies.

It exported about 1.8 million bpd of crude and condensate in May, close to a 2018 peak, according to Kpler, processing the remainder of its production in its domestic refineries with a total capacity of 2.6 million bpd, according to consultancy FGE.

It exported nearly 750,000 bpd of oil products, including LPG, in May, according to Kpler.

The country also produces 34 billion cubic feet of gas per day, according to FGE, accounting for 7% of global production. All gas is consumed domestically.

Iran’s hydrocarbon production facilities are primarily concentrated in the southwest, in the Khuzestan province for oil and in the Bushehr province for gas and condensate from the giant South Pars field.

It exports 90% of its crude via Kharg Island.

Analysts say Saudi Arabia and other OPEC members could compensate for the drop of Iranian supply by using their spare capacity to pump more. However, with a number of producers in the group currently in the process of raising output targets, their spare capacity is becoming more strained.

(Reuters)

June 16, 2025
MIL-OSI Russia: From Economy to Culture, China and Central Asia’s Multifaceted Partnership Grows Stronger

Translation. Region: Russian Federal

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

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

BEIJING, June 16 (Xinhua) — Since the first China-Central Asia Summit was held in Xi’an, northwest China’s Shaanxi Province, in May 2023, fruitful results have been achieved in various areas of cooperation between China and Central Asian countries, and a community with a shared future between China and Central Asia has begun to take shape at an accelerated pace.

TRADE AND ECONOMIC COOPERATION FOR THE SAKE OF COMMON PROSPERITY

Kazakh flour and biscuits, Kyrgyz honey, Turkmen candies… In the store of Xi’an Aiju Grain and Oilseeds Company, a variety of goods from Central Asia attract the attention of customers.

“Most of these food products from Central Asia ‘arrived’ here on China-Europe freight trains. These products account for more than 40 percent of our company’s sales,” said Liu Dongmeng, deputy general manager of Aiju.

Today, the city of Xi’an has long been not only the starting point of the ancient Silk Road, but also one of the busiest transport hubs for modern “steel camel caravans.”

According to data from the Changba International Dry Port in Xi’an, by the end of 2024, more than 76 thousand standard containers (20-foot equivalent, TEU) were shipped from Xi’an to Central Asia as part of China-Europe international railway freight transportation, which is 47.6 percent more than a year earlier.

“In 2015, our company began to establish a base for processing agricultural products in Kazakhstan, and began to deliver goods from Central Asia to China using China-Europe trains,” Liu Dongmeng said, adding that after the 1st China-Central Asia Summit, the level of awareness of Central Asian countries among Xi’an residents has increased significantly, which has contributed to the sales of high-quality goods from the Central Asian region.

According to the General Administration of Customs of the People’s Republic of China, in 2024, trade turnover between China and Central Asian countries amounted to USD 94.8 billion, which is USD 5.4 billion more than the previous year.

“China is the most important investment and trade partner of the Central Asian countries,” said Sun Weidong, Secretary General of the China-Central Asia format.

According to him, within the framework of the joint construction of the Belt and Road, China and the Central Asian countries, by strengthening the alignment of their development strategies, carry out comprehensive cooperation based on the principle of mutual benefit, while cooperation in such areas as digital trade and cross-border transportation is developing dynamically.

As one of the important achievements of the China-Central Asia Summit, Kazakhstan’s logistics center in Xi’an was officially put into operation in February 2024. By the end of May this year, it had already processed more than 180 thousand tons of cargo.

This center with a total area of about 6.67 hectares and a design capacity of more than 655 thousand standard containers per year significantly increases the efficiency of sending trains from Xi’an to Central Asia. Currently, the center serves as a trade and logistics collection and distribution center for Kazakhstan in China.

“Thanks to this center, goods from Kazakhstan, after consolidation in Xi’an, can directly go to the Guangxi Zhuang Autonomous Region /South China/, and then end up in the markets of Southeast Asian countries, which has opened an important international trade corridor for Central Asian countries,” said Darkhan Yesengulov, deputy sales manager at China-Kazakhstan (Xi’an) Trade and Logistics Co., Ltd.

SCIENTIFIC AND TECHNICAL COOPERATION IN THE COURSE OF “GREEN DEVELOPMENT”

In recent years, as practical cooperation between China and Central Asia deepens, high-level planning for bilateral green and low-carbon cooperation has been improved.

Following the first China-Central Asia summit, a list of agreements and initiatives was published. Among them is “Carrying out China-Central Asia green and low-carbon development activities to deepen cooperation in green development and combating climate change.”

The Turgusun hydroelectric power station, which was put into operation in July 2021, is the first key hydropower project implemented under the joint construction of the Belt and Road Initiative between Kazakhstan and China. After its completion, it was able to compensate for half of the electricity deficit in the Altay region of East Kazakhstan, thereby effectively alleviating the power shortage in the region.

“During the construction of the hydroelectric power station, more than 200 jobs were created for local residents. This hydroelectric power station showed the world that through technical cooperation and exchange of experience, we can achieve mutually beneficial results in the economy, society and ecology,” said Asset Maksut, director of Turgusun-1 and Turgusun-2 LLP.

The prospects for cooperation between China and Central Asia in the field of electric vehicles are also very broad. Chinese electric vehicle manufacturers operate in Uzbekistan and Tajikistan.

“Electric cars from China are more popular in Central Asian countries. Alternative energy is a new area of cooperation between China and Central Asian countries,” said Ma Bin, a research fellow at the Center for Russian and Central Asian Studies at Fudan University.

According to him, China and Central Asian countries jointly advocate the concept of green, low-carbon, circular and sustainable development. These concepts determine the direction of countries’ efforts in the energy and technology sectors, and also lay the foundation for further cooperation.

Ecologist, board member of the Green Alliance of Kyrgyzstan Anara Sultangazieva believes that in the context of global environmental problems and climate change, countries share a common concept of “green development” in order to mitigate their consequences. “Especially in the area of agricultural development in order to ensure food security in the context of water shortages in Central Asian countries.”

HUMANITARIAN EXCHANGES FOR SUSTAINABLE DEVELOPMENT

China and Central Asian countries are actively developing cooperation in tourism, joint archaeological research, educational exchanges, etc., which strengthens the social foundations and popular support base for cooperation.

China has now become one of the main study destinations for students from Central Asian countries. With its rich educational and scientific resources, Xi’an has become one of the popular cities for students from this region.

According to the data, the Xi’an government has established a program to train students from five Central Asian countries, and has successfully enrolled 450 students from these countries by 2024.

“Chinese culture has a deep influence on the Central Asian region, and the unique charm of Central Asian cultures also greatly attracts Chinese people,” said Nurmammedov Dovraniz from Turkmenistan, who is studying archaeology at Northwest University of China.

According to the young man, mutual cultural attraction is a solid foundation for building a community of shared destiny between China and Central Asia.

“China’s cooperation with Central Asian countries in all areas is rapidly deepening and developing. The youth of our countries are living in a “golden age”, they have bright prospects and broad opportunities for development,” Sun Weidong noted.

Vice-Rector for International Relations of the Tajik Technical University named after Academician M. Osimi Rauf Jurakhonzoda noted that in recent years there has been a positive trend in cultural and humanitarian exchanges between China and Tajikistan.

A striking example of this, according to him, is the launch in Tajikistan of the first “Luban Workshop” in Central Asia, aimed at training engineering personnel for the industrialization and modernization of the country.

“We plan to introduce new formats of cooperation with Chinese universities. This is not only a contribution to the development of education, but also strengthening the friendship between our peoples,” added R. Jurakhonzoda.

On June 7, the first China-Central Asia international tourist train returned to Xi’an. The train with more than 200 passengers departed from Xi’an on May 29 for Almaty, Kazakhstan. It left China via the Khorgos railway checkpoint in the Xinjiang Uygur Autonomous Region /Northwest China/.

Let us recall that in May 2023, China and Kazakhstan signed an intergovernmental agreement on mutual exemption from visa requirements, which officially entered into force in November of the same year. 2024 was the Year of Kazakhstan Tourism in China, and 2025 has been declared the Year of China Tourism in Kazakhstan.

According to Li Jiang, deputy head of Horgos Customs, the launch of the above-mentioned international tourist train has laid a new foundation for deepening connectivity and promoting people-to-people exchanges between China and Central Asian countries.

In addition, on June 1, 2025, the Agreement between the Government of the People’s Republic of China and the Government of the Republic of Uzbekistan on mutual exemption from visa requirements entered into force.

“Undoubtedly, this will contribute to the development of the tourism sector and increase the tourist flow,” said the Minister-Counselor of the Embassy of Uzbekistan in China Saidkamol Agzamkhodjaev, adding that Uzbekistan intends to increase the number of Chinese tourists visiting Uzbekistan annually to 1 million people.

“As a ‘lubricant’ for the development of China’s relations with Central Asian countries, humanitarian exchanges contribute to their sustainable and healthy development,” Ma Bin emphasized.

Sun Weidong noted that China’s relations with Central Asian countries will develop to a higher level, and their cooperation will expand to broader areas, which will contribute to the deep and thorough advancement of building a community with a shared future for China and Central Asia.

MIL OSI Russia News –

June 16, 2025
MIL-Evening Report: What is uranium enrichment and how is it used for nuclear bombs? A scientist explains

Source: The Conversation (Au and NZ) – By Kaitlin Cook, DECRA Fellow, Department of Nuclear Physics and Accelerator Applications, Australian National University

Uranium ore. RHJPhtotos/Shutterstock

Late last week, Israel targeted three of Iran’s key nuclear facilities – Natanz, Isfahan and Fordow, killing several Iranian nuclear scientists. The facilities are heavily fortified and largely underground, and there are conflicting reports of how much damage has been done.

Natanz and Fordow are Iran’s uranium enrichment sites, and Isfahan provides the raw materials, so any damage to these sites would limit Iran’s ability to produce nuclear weapons.

But what exactly is uranium enrichment and why does it raise concerns?

To understand what it means to “enrich” uranium, you need to know a little about uranium isotopes and about splitting the atom in a nuclear fission reaction.

What is an isotope?

All matter is made of atoms, which in turn are made up of protons, neutrons and electrons. The number of protons is what gives atoms their chemical properties, setting apart the various chemical elements.

Atoms have equal numbers of protons and electrons. Uranium has 92 protons, for example, while carbon has six. However, the same element can have different numbers of neutrons, forming versions of the element called isotopes.

This hardly matters for chemical reactions, but their nuclear reactions can be wildly different.

The difference between uranium-238 and uranium-235

When we dig uranium out of the ground, 99.27% of it is uranium-238, which has 92 protons and 146 neutrons. Only 0.72% of it is uranium-235 with 92 protons and 143 neutrons (the remaining 0.01% are other isotopes).

For nuclear power reactors or weapons, we need to change the isotope proportions. That’s because of the two main uranium isotopes, only uranium-235 can support a fission chain reaction: one neutron causes an atom to fission, which produces energy and some more neutrons, causing more fission, and so on.

This chain reaction releases a tremendous amount of energy. In a nuclear weapon, the goal is to have this chain reaction occur in a fraction of a second, producing a nuclear explosion.

In a civilian nuclear power plant, the chain reaction is controlled. Nuclear power plants currently produce 9% of the world’s power. Another vital civilian use of nuclear reactions is for producing isotopes used in nuclear medicine for the diagnosis and treatment of various diseases.

What is uranium enrichment, then?

To “enrich” uranium means taking the naturally found element and increasing the proportion of uranium-235 while removing uranium-238.

There are a few ways to do this (including new inventions from Australia), but commercially, enrichment is currently done with a centrifuge. This is also the case in Iran’s facilities.

Centrifuges exploit the fact that uranium-238 is about 1% heavier than uranium-235. They take uranium (in gas form) and use rotors to spin it at 50,000 to 70,000 rotations per minute, with the outer walls of the centrifuges moving at 400 to 500 metres per second.

This works much like a salad spinner that throws water to the sides while the salad leaves stay in the centre. The heavier uranium-238 moves to the edges of the centrifuge, leaving the uranium-235 in the middle.

This is only so effective, so the spinning process is done over and over again, building up the percentage of the uranium-235.

Most civilian nuclear reactors use “low enriched uranium” that’s been enriched to between 3% and 5%. This means that 3–5% of the total uranium in the sample is now uranium-235. That’s enough to sustain a chain reaction and make electricity.

What level of enrichment do nuclear weapons need?

To get an explosive chain reaction, uranium-235 needs to be concentrated significantly more than the levels we use in nuclear reactors for making power or medicines.

Technically, a nuclear weapon can be made with as little as 20% uranium-235 (known as “highly enriched uranium”), but the more the uranium is enriched, the smaller and lighter the weapon can be. Countries with nuclear weapons tend to use about 90% enriched, “weapons-grade” uranium.

According to the International Atomic Energy Agency (IAEA), Iran has enriched large quantities of uranium to 60%. It’s actually easier to go from an enrichment of 60% to 90% than it is to get to that initial 60%. That’s because there’s less and less uranium-238 to get rid of.

This is why Iran is considered to be at extreme risk of producing nuclear weapons, and why centrifuge technology for enrichment is kept secret.

Ultimately, the exact same centrifuge technology that produces fuel for civilian reactors can be used to produce nuclear weapons.

Inspectors from the IAEA monitor nuclear facilities worldwide to ensure countries are abiding by the rules set out in the global nuclear non-proliferation treaty. While Iran maintains it’s only enriching uranium for “peaceful purposes”, late last week the IAEA board ruled Iran was in breach of its obligations under the treaty.

Kaitlin Cook receives funding from the Australian Research Council.

– ref. What is uranium enrichment and how is it used for nuclear bombs? A scientist explains – https://theconversation.com/what-is-uranium-enrichment-and-how-is-it-used-for-nuclear-bombs-a-scientist-explains-259031

MIL OSI Analysis – EveningReport.nz –

June 16, 2025

MIL-OSI: Falcon Oil & Gas Ltd. – Another Stellar IP30 Flow Test Result in the Beetaloo

Source: GlobeNewswire (MIL-OSI)

Falcon Oil & Gas Ltd (“Falcon”).

Another Stellar IP30 Flow Test Result in the Beetaloo

16 June 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 30-day initial production (“IP30”) flow rate of 7.2 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated length within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP30 result in the Beetaloo to date.

Points to note:

The normalized flow rate of 13.2 MMcf/d over an extrapolated 10,000-foot horizontal section is in-line with the average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Amungee Member B-Shale in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the United States and under long term CPI-linked contracts.
The exit rate trajectory continues a steady, low-declining curve at 6.7 MMcf/d (normalized at 12.2 MMcf/d per 10,000-feet) with a flowing wellhead pressure of ~910 psi. The steady state decline curve on SS-2H ST1 is consistent with that achieved from the Shenandoah South 1H well (“SS-1H”).
For further details on the SS-2H ST1 flow test including a table, and charts please refer to Appendix A.

Development activity

The Shenandoah South drilling campaign is planned to commence in July 2025, targeting up to three 10,000-foot horizontal wells and completed with up to 60 stimulation stages from the SS2 well pad. As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has opted to reduce its participating interest in the three wells to 0%.
Once completed, the five wells on the SS2 pad are planned to be tied into the Sturt Plateau Compression Facility (“SPCF”) to feed into a 40 MMcf/d take-or-pay Gas Sales Agreement (“GSA”) with the Northern Territory Government. Production remains on track to commence in mid-2026, subject to standard regulatory and stakeholder approvals and favourable weather conditions.
The Shenandoah South 4H (“SS-4H”) well is planned to be completed and flow tested by the end of 2025, with the remaining wells drilled in the 2025 campaign to be completed during 1H 2026.
Completion of the remaining four wells will incorporate lessons from the SS-1H and SS-2H ST1 wells.
The five wells are expected to deliver the required 40 MMcf/d volume under a binding take-or-pay agreement with the Northern Territory Government.

Philip O’Quigley, CEO of Falcon commented:

“The IP30 flow rate results announced today of 7.2 MMcf/d, are truly stellar and marks another major data point in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States. Not only did the results exceed Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres but had similar flow rates and pressures to SS-1H and SS-2H ST1, which all point towards the significant resource potential of the Beetaloo.

Falcon looks forward to the planned completion and testing of SS-4H by the end of 2025 and also to observing the results from the next three wells of the Shenandoah South drilling program and the additional milestones they will establish.

As further results become available, we look forward to updating the market further”

Ends.

CONTACT DETAILS:

Falcon Oil & Gas Ltd.	+353 1 676 8702
Philip O’Quigley, CEO	+353 87 814 7042
Anne Flynn, CFO	+353 1 676 9162

Cavendish Capital Markets Limited (NOMAD & Broker)
Neil McDonald / Adam Rae	+44 131 220 9771

This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

About Beetaloo Joint Venture (EP 76, 98 and 117)

Company	Interest
Falcon Oil & Gas Australia Limited (Falcon Australia)	22.5%
Tamboran (B2) Pty Limited (“Tamboran”)	77.5%
Total	100.0%

Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres¹

Company	Interest
Falcon Oil & Gas Australia Limited (Falcon Australia)	5.0%
Tamboran (B2) Pty Limited	95.0%
Total	100.0%

¹Subject to the completion of SS–4H wells on the Shenandoah South pad 2.

About Tamboran (B2) Pty Limited
Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

Tamboran Resources Corporation is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO₂ gas resource within the Beetaloo Sub-basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

Appendix A – SS-2H ST1 Flow Test Details

Note to reader: Please refer to the PDF attachment included at the end of this press release for further details including a table and charts related to the SS-2H ST1 flow test results

Advisory regarding forward-looking statements
Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “anticipated”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes. In particular, forward-looking information in this press release includes, details on the IP30 flow test results of SS-2H ST1 including assumptions that the results are in line with average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period and that they demonstrate the commercial deliverability of gas from the Amungee Member B-Shale in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the United States and under long term CPI-linked contracts; consistency of the results of SS-2H ST1 with SS-1H; details on the planned three well drilling campaign including the plan to commence in July 2025 and to continue into 1H 2026; the plan to tie the wells to the SPCF under a GSA with the Northern Territory Government in mid-2026; the plan that SS-4H will be completed and flow tested by the end of 2025; the five wells drilled are expected to deliver the required 40 MMcf/d under a GSA with the Northern Territory Government;

This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and/or their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

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

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain.

Attachment

061625 Final Falcon Press Release – SS-2H ST1 IP30 v2

The MIL Network –

June 16, 2025

MIL-OSI: Falcon Oil & Gas Ltd. – Another Stellar IP30 Flow Test Result in the Beetaloo

Source: GlobeNewswire (MIL-OSI)

Falcon Oil & Gas Ltd (“Falcon”).

Another Stellar IP30 Flow Test Result in the Beetaloo

Points to note:

The normalized flow rate of 13.2 MMcf/d over an extrapolated 10,000-foot horizontal section is in-line with the average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Amungee Member B-Shale in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the United States and under long term CPI-linked contracts.
The exit rate trajectory continues a steady, low-declining curve at 6.7 MMcf/d (normalized at 12.2 MMcf/d per 10,000-feet) with a flowing wellhead pressure of ~910 psi. The steady state decline curve on SS-2H ST1 is consistent with that achieved from the Shenandoah South 1H well (“SS-1H”).
For further details on the SS-2H ST1 flow test including a table, and charts please refer to Appendix A.

Development activity

The Shenandoah South drilling campaign is planned to commence in July 2025, targeting up to three 10,000-foot horizontal wells and completed with up to 60 stimulation stages from the SS2 well pad. As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has opted to reduce its participating interest in the three wells to 0%.
Once completed, the five wells on the SS2 pad are planned to be tied into the Sturt Plateau Compression Facility (“SPCF”) to feed into a 40 MMcf/d take-or-pay Gas Sales Agreement (“GSA”) with the Northern Territory Government. Production remains on track to commence in mid-2026, subject to standard regulatory and stakeholder approvals and favourable weather conditions.
The Shenandoah South 4H (“SS-4H”) well is planned to be completed and flow tested by the end of 2025, with the remaining wells drilled in the 2025 campaign to be completed during 1H 2026.
Completion of the remaining four wells will incorporate lessons from the SS-1H and SS-2H ST1 wells.
The five wells are expected to deliver the required 40 MMcf/d volume under a binding take-or-pay agreement with the Northern Territory Government.

Philip O’Quigley, CEO of Falcon commented:

As further results become available, we look forward to updating the market further”

Ends.

CONTACT DETAILS:

Falcon Oil & Gas Ltd.	+353 1 676 8702
Philip O’Quigley, CEO	+353 87 814 7042
Anne Flynn, CFO	+353 1 676 9162

Cavendish Capital Markets Limited (NOMAD & Broker)
Neil McDonald / Adam Rae	+44 131 220 9771

Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

About Beetaloo Joint Venture (EP 76, 98 and 117)

Company	Interest
Falcon Oil & Gas Australia Limited (Falcon Australia)	22.5%
Tamboran (B2) Pty Limited (“Tamboran”)	77.5%
Total	100.0%

Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres¹

Company	Interest
Falcon Oil & Gas Australia Limited (Falcon Australia)	5.0%
Tamboran (B2) Pty Limited	95.0%
Total	100.0%

¹Subject to the completion of SS–4H wells on the Shenandoah South pad 2.

Appendix A – SS-2H ST1 Flow Test Details

Note to reader: Please refer to the PDF attachment included at the end of this press release for further details including a table and charts related to the SS-2H ST1 flow test results

Attachment

061625 Final Falcon Press Release – SS-2H ST1 IP30 v2

The MIL Network –

June 16, 2025

MIL-OSI: Miscellaneous

Source: GlobeNewswire (MIL-OSI)

DIVERSIFIED ENERGY COMPANY PLC
(the “Company”)

Q4 2024 Dividend Exchange Rate

BIRMINGHAM, Ala. , June 16, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) announced on April 9, 2025 a dividend in respect of the fourth quarter ended December 31, 2024 in the amount of 29 cents per share (the “Q4 2024 Dividend”.) The Company will pay the Q4 2024 Dividend on June 30, 2025 to those shareholders on the register on May 30, 2025.

The Company announces that shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent dividend payment of 21.254 pence per share, based on the June 12, 2025 exchange rate of GBP 0.73288 =US $1.00.

For further information, please contact:

About Diversified Energy Company PLC

Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

The MIL Network –

June 16, 2025
MIL-OSI: Miscellaneous

Source: GlobeNewswire (MIL-OSI)

DIVERSIFIED ENERGY COMPANY PLC
(the “Company”)

Q4 2024 Dividend Exchange Rate

BIRMINGHAM, Ala. , June 16, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) announced on April 9, 2025 a dividend in respect of the fourth quarter ended December 31, 2024 in the amount of 29 cents per share (the “Q4 2024 Dividend”.) The Company will pay the Q4 2024 Dividend on June 30, 2025 to those shareholders on the register on May 30, 2025.

The Company announces that shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent dividend payment of 21.254 pence per share, based on the June 12, 2025 exchange rate of GBP 0.73288 =US $1.00.

For further information, please contact:

About Diversified Energy Company PLC

Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

The MIL Network –

June 16, 2025
MIL-OSI Video: All Hands on Deck for the Energy Transition

Source: World Economic Forum (video statements)

With the global targets of tripling renewable energy and doubling energy efficiency by 2030 fast approaching, it is critical to accelerate the implementation, build political momentum and monitor progress.

How can countries and industries close this gap and what tools are at their disposal?

This is the full audio from a session at the Annual Meeting 2025 in Davos. Watch it here: https://www.weforum.org/meetings/world-economic-forum-annual-meeting-2025/sessions/all-hands-on-deck-for-the-energy-transition/ Episode page with transcript: https://www.weforum.org/podcasts/agenda-dialogues/episodes/all-hands-on-deck-for-the-energy-transition

Speakers:

Ève Bazaiba Masudi, Minister of State, Minister of Environment, Ministry of Environment of the Democratic Republic of the Congo

Ursula von der Leyen, President of the European Commission, European Commission

Fatih Birol, Executive Director, International Energy Agency

Morten Wierod ,Chief Executive Officer, ABB

Dina Ercilia Boluarte, President of Peru, Office of the President of Peru

Mirek Dušek, Managing Director, Chief Business Officer and Head of Global Programming, World Economic Forum

Gurdeep Singh, Chairman and Managing Director, NTPC

Lars Rebien Sorensen, Chairman of the Board of Directors, Novo Nordisk Foundation

Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :

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Radio Davos (https://www.weforum.org/podcasts/radio-davos) – subscribe (https://pod.link/1504682164) : https://pod.link/1504682164

Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) – subscribe (https://pod.link/1534915560) : https://pod.link/1534915560

Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) – subscribe (https://pod.link/1574956552) : https://pod.link/1574956552

Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

https://www.youtube.com/watch?v=kw-MGcLzZeM

MIL OSI Video –

June 16, 2025
MIL-OSI Global: Israel’s attacks on Iran are already hurting global oil prices, and the impact is set to worsen

Source: The Conversation – Global Perspectives – By Joaquin Vespignani, Associate Professor of Economics and Finance, University of Tasmania

The weekend attacks on Iran’s oil facilities – widely seen as part of escalating hostilities between Israel and Iran – represent a dangerous moment for global energy security.

While the physical damage to Iran’s production facilities is still being assessed, the broader strategic implications are already rippling through global oil markets. There is widespread concern about supply security and the inflationary consequences for both advanced and emerging economies.

The global impact

Iran, which holds about 9% of the world’s proven oil reserves, currently exports between 1.5 and 2 million barrels per day, primarily to China, despite long-standing United States sanctions.

While its oil output is not as globally integrated as that of Saudi Arabia or the United Arab Emirates, any disruption to Iranian production or export routes – especially the Strait of Hormuz, through which about 20% of the world’s oil supply flows – poses a systemic risk.

Markets have already reacted. Brent crude prices rose more than US 6%, while West Texas Intermediate price increased by over US 5% immediately after the attacks.

These price movements reflect not only short-term supply concerns but also the addition of a geopolitical risk premium due to fears of broader regional conflict.

International oil prices may increase further as the conflict continues. Analysts expect that Australian petrol prices will increase in the next few weeks, as domestic fuel costs respond to international benchmarks with a lag.

Escalation and strategic intentions

There is growing concern this conflict could escalate further. In particular, Israel may intensify its targeting of Iranian oil facilities, as part of a broader strategy to weaken Iran’s economic capacity and deter further proxy activities.

Should this occur, it would put even more upward pressure on global oil prices. Unlike isolated sabotage events, a sustained campaign against Iranian energy infrastructure would likely lead to tighter global supply conditions. This would be a near certainty if Iranian retaliatory actions disrupt shipping routes or neighbouring producers.

Countries most affected

Countries reliant on oil imports – especially in Asia – are the most exposed to such shocks in the short term.

India, Pakistan, Indonesia and Bangladesh rely heavily on Middle Eastern oil and are particularly vulnerable to both supply interruptions and price increases. These economies typically have limited strategic petroleum reserves and face external balance pressures when oil prices rise.

China, despite being Iran’s largest oil customer, has greater insulation due to its diversified suppliers and substantial reserves.

However, sustained instability in the Persian Gulf would raise freight and insurance costs even for Chinese refiners, especially if the Strait of Hormuz becomes a contested zone. The strait, between the Persian Gulf and the Gulf of Oman, provides the only sea access from the Persian Gulf to the open ocean.

Australia’s exposure

Australia does not import oil directly from Iran. Most of its crude and refined products are sourced from countries including South Korea, Malaysia, the United Arab Emirates and Singapore.

However, because Australian fuel prices are pegged to international benchmarks such as Brent and Singapore Mogas, domestic prices will rise in response to the global increase in oil prices, regardless of whether Australian refineries process Iranian oil.

These price increases will have flow-on effects, raising transport and freight costs across the economy. Industries such as agriculture, logistics, aviation and construction will feel the pinch, and higher operating costs are likely to be passed on to consumers.

Broader economic impacts

The conflict could also disrupt global shipping routes, particularly if Iran retaliates through its proxies by targeting vessels in the Red Sea, Arabian Sea, or Hormuz Strait.

Any such disruption could drive up shipping insurance, delay delivery times, and compound existing global supply chain vulnerabilities. More broadly, this supply shock could rekindle inflationary pressures in many countries.

For Australia, it could delay monetary easing by the Reserve Bank of Australia and reduce consumer confidence if household fuel costs rise significantly. Globally, central banks may adopt a more cautious approach to rate cuts if oil-driven inflation proves persistent.

The attacks on Iran’s oil fields, and the likelihood of further escalation, present a renewed threat to global energy stability. Even though Australia does not import Iranian oil, it remains exposed through price transmission, supply chain effects and inflationary pressures.

A sustained campaign targeting Iran’s energy infrastructure by Israel could amplify these risks, leading to a broader energy shock that would affect oil-importing economies worldwide.

Strategic reserve management and diplomatic engagement will be essential to contain the fallout.

Joaquin Vespignani is affiliated with the Centre for Australian Macroeconomic Analysis, Australian National University.

– ref. Israel’s attacks on Iran are already hurting global oil prices, and the impact is set to worsen – https://theconversation.com/israels-attacks-on-iran-are-already-hurting-global-oil-prices-and-the-impact-is-set-to-worsen-259013

MIL OSI – Global Reports –

June 16, 2025
MIL-OSI Global: As war breaks out with Israel, Iran has run out of good options

Source: The Conversation – Global Perspectives – By Ali Mamouri, Research Fellow, Middle East Studies, Deakin University

The scale of Israel’s strikes on multiple, sensitive Iranian military and nuclear sites on Friday was unprecedented. It was the biggest attack on Iran since the Iran–Iraq War in the 1980s.

As expected, Iran responded swiftly, even as Israeli attacks on its territory continued. The unfolding conflict is reshaping regional dynamics, and Iran now finds itself with no easy path forward.

Strikes come at a delicate time

The timing of the Israeli strikes was highly significant. They came at a critical point in the high-stakes negotiations between Iran and the United States over Tehran’s nuclear program that began earlier this year.

Last week, the International Atomic Energy Agency (IAEA) issued a report accusing Tehran of stockpiling highly enriched uranium at levels dangerously close to weaponisation.

According to the report, Iran has accumulated around 400 kilograms of uranium enriched to 60% purity. If this uranium is further enriched to 90% purity, it would be enough to build nine to ten bombs.

The day before Israel’s attack, the IAEA board of governors also declared Iran to be in breach of its non-proliferation obligations for the first time in two decades.

The nuclear talks recently hit a stumbling block over a major issue – the US refusal to allow Iran to enrich any uranium at all for a civilian nuclear program.

Iran has previously agreed to cap its enrichment at 3.67% under the Joint Comprehensive Plan of Action, a nuclear deal between Iran, the US and other global powers agreed to in 2015 (and abandoned by the first Trump administration in 2018). But it has refused to relinquish its right to enrichment altogether.

US President Donald Trump reportedly urged Israeli Prime Minister Benjamin Netanyahu not to attack Iran last week, believing he was close to a deal.

But after the attack, Trump ramped up his threats on Iran again, urging it to agree to a deal “before there is nothing left”. He called the Israeli strikes “excellent” and suggested there was “more to come”.

Given this context, it is understandable why Iran does not view the US as an impartial mediator. In response, Iran suspended its negotiations with the US, announcing it would skip the sixth round of talks scheduled for Sunday.

Rather than compelling Iran to agree to a deal, the excessive pressure could risk pushing Iran towards a more extreme stance instead.

While Iranian officials have denied any intention to develop a military nuclear program, they have warned that continued Israeli attacks and US pressure might force Tehran to reconsider as a deterrence mechanism.

Read more:
As its conflict with Israel escalates, could Iran now acquire a nuclear bomb?

Why surrender could spell the regime’s end

On several occasions, Trump has insisted he is not seeking “regime change” in Iran. He has repeatedly claimed he wants to see Iran be “successful” – the only requirement is for it to accept a US deal.

However, in Iran’s view, the US proposal is not viewed as a peace offer, but as a blueprint for surrender. And the fear is this would ultimately pave the way for regime change under the guise of diplomacy.

Supreme Leader Ali Khamenei responded to the latest US proposal by insisting that uranium enrichment remains a “red line” for Iran. Abandoning this right from the Iranian perspective would only embolden its adversaries to escalate their pressure on the regime and make further demands – such as dismantling Iran’s missile program.

The fear in Tehran is this could push the country into a defenceless state without a way to deter future Israeli strikes.

Furthermore, capitulating to the US terms could ignite domestic backlash on two fronts: from an already growing opposition movement, and from the regime’s base of loyal supporters, who would see any retreat as a betrayal.

In this context, many in Iran’s leadership believe that giving in to Trump’s terms would not avert regime change – it would hasten it.

What options remain for Iran now?

Caught between escalating pressure and existential threats, Iran finds itself with few viable options other than to project strength. It has already begun to pursue this strategy by launching retaliatory missile strikes at Israeli cities.

This response has been much stronger than the relatively contained tit-for-tat strikes Israel and Iran engaged in last year. Iran’s strikes have caused considerable damage to government and residential areas in Tel Aviv and Jerusalem.

Iran sees no alternative but to push forward, having already been drawn into open confrontation. Any sign of weakness would severely undermine the regime’s legitimacy at home and embolden its adversaries abroad.

Moreover, Tehran is betting on Trump’s aversion to foreign wars. Iranian leaders believe the US is neither prepared nor willing to enter another costly conflict in the region – one that could disrupt global trade and jeopardise Trump’s recent economic partnerships with Persian Gulf states.

Therefore, Iran’s leadership likely believes that by standing firm now, the conflict will be limited, so long as the US stays on the sidelines. And then, Iran’s leaders would try to return to the negotiating table, in their view, from a position of strength.

Ali Mamouri 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. As war breaks out with Israel, Iran has run out of good options – https://theconversation.com/as-war-breaks-out-with-israel-iran-has-run-out-of-good-options-258916

MIL OSI – Global Reports –

June 16, 2025
MIL-OSI Australia: ACT Budget 2025-26: Targeted Cost of Living Support for Canberrans

Source: Northern Territory Police and Fire Services

As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.

Released 16/06/2025 – Joint media release

The ACT Government is delivering targeted cost of living relief in the 2025–26 ACT Budget, with new and continued support for Canberrans who need it most.

The Budget includes a permanent $50 increase to the Electricity, Gas and Water Rebate, bringing the total annual rebate to $800 for eligible low-income households. In partnership with the Australian Government, the ACT Government is also providing up to $150 in additional electricity bill relief through the Energy Bill Relief Fund.

Chief Minister Andrew Barr said the ACT Government continues to focus on equity and inclusion, ensuring support is directed where it’s needed most.

“While many Canberrans enjoy a high standard of living, we know that cost of living pressures are real and growing for people on low incomes,” the Chief Minister said.

“We are permanently increasing the electricity rebate to $800 per year to help ease household budgets, while also delivering additional energy bill relief in partnership with the Commonwealth.”

Treasurer Chris Steel said the Government is focused on practical support that makes a tangible difference.

“This permanent rebate increase for Canberrans, and extension of the rebate to health care card holders, will ensure that cost of living relief is provided to those who need it most,” Minister Steel said.

“Our cost of living measures have been designed to work alongside national initiatives like the Commonwealth’s Energy Bill Relief Fund to maximise the benefit.”

From 1 July 2025, eligible ACT households and small businesses will receive up to $150 in further electricity bill rebates under the Energy Bill Relief Fund. Most Canberrans will receive this rebate automatically on their electricity bills.

Finance Minister Rachel Stephen-Smith said the Budget balances immediate support with long-term financial responsibility.

“The ACT Government is making deliberate, targeted investments that make a real difference in people’s lives, while ensuring our Budget remains fiscally sustainable,” Minister Stephen-Smith said.

“By focusing support where it’s needed most, we’re helping low-income households manage day-to-day costs while continuing to invest in vital services and Canberra’s future.”

View more information about eligibility and how to access support.

– Statement ends –

Andrew Barr, MLA | Chris Steel, MLA | Rachel Stephen-Smith, MLA | Media Releases

«ACT Government Media Releases | «Minister Media Releases

MIL OSI News –

June 16, 2025
MIL-OSI Economics: Huawei’s FDD Tri-Band Massive MIMO Wins Red Dot Design Award 2025

Source: Huawei

Headline: Huawei’s FDD Tri-Band Massive MIMO Wins Red Dot Design Award 2025

[Shenzhen, China, June 16, 2025] At Germany’s prestigious Red Dot Award Design Competition, Huawei’s FDD tri-band Massive MIMO earned the Red Dot Design Award for its exceptional performance and lean, energy-efficient design.

The award-winning FDD tri-band Massive MIMO

Since its commercial debut in Nigeria with MTN—Africa’s largest mobile operator—this February, Huawei’s FDD tri-band Massive MIMO has been tested and deployed on over 20 networks across the globe. The solution delivers significant value to operators’ customers by relieving traffic demand on 4G networks, providing deep and wide 5G coverage, and enabling enhanced 5G-A uplink. The solution simultaneously delivers five leading technological advantages:

Simplified ultra-wideband: The solution supports industry-leading, high-power 720 W output, while employing cutting-edge Real Wide Bandwidth and Compact Dipole technologies. This realizes unified operations across three bands (such as 1.8 GHz, 2.1 GHz, and 2.6 GHz, or AWS, PCS, and 2.6 GHz) within a single form factor whose size is equivalent to a conventional two-band Massive MIMO device. This enables the solution to boost both frequency bands and power capabilities without increasing size or wind load.
Ultimate capacity: This solution is an effective enabler for 4G, 5G, and 5G-A. It can deliver 3-fold to 4-fold downlink capacity gains on 4G networks, which can increase to 7-fold in NR over LTE 4T4R, thereby effectively alleviating network congestion.
Enhanced uplink: By leveraging M-Receiver technology, the solution realizes 5-fold uplink capacity and 10 dB uplink coverage gains compared to LTE 4T4R, fulfilling new demands of the mobile AI era that are typified by HD streaming and security, multimodal AI interactions, and autonomous driving.
Native beamforming: Tri-band Massive MIMO traditionally increases interference due to the addition of extra beams. However, supported by enhanced intelligent beam scheduling and intelligent beamforming, Huawei’s tri-band Massive MIMO enables dynamic beam movement with users and intelligent interference avoidance, boosting user experience by 20% to 30%.
Energy saving: The innovative GigaGreen architecture supports “0 bit 0 watt”, enabling ultra-deep dormancy during low-traffic periods and instant wake-up when traffic increases, meaning substantial reductions in overall network power consumption.

“We have prioritized innovation in order to provide customers with wireless products that deliver unparalleled performance in terms of user experience, network capacity, energy efficiency, and simplified deployment. It is our mission to help operators build premium networks that offer improved efficiency and cost-performance. This award for tri-band Massive MIMO represents the industry’s recognition of our innovative design. Moving forward, we will continue down the path of innovation and escort our operator partners as they strive towards greater business success,” said Fang Xiang, Vice President of Huawei Wireless Network Product Line.

MIL OSI Economics –

June 16, 2025
MIL-OSI Economics: Huawei’s FDD Tri-Band Massive MIMO Wins Red Dot Design Award 2025

Source: Huawei

Headline: Huawei’s FDD Tri-Band Massive MIMO Wins Red Dot Design Award 2025

[Shenzhen, China, June 16, 2025] At Germany’s prestigious Red Dot Award Design Competition, Huawei’s FDD tri-band Massive MIMO earned the Red Dot Design Award for its exceptional performance and lean, energy-efficient design.

The award-winning FDD tri-band Massive MIMO

Since its commercial debut in Nigeria with MTN—Africa’s largest mobile operator—this February, Huawei’s FDD tri-band Massive MIMO has been tested and deployed on over 20 networks across the globe. The solution delivers significant value to operators’ customers by relieving traffic demand on 4G networks, providing deep and wide 5G coverage, and enabling enhanced 5G-A uplink. The solution simultaneously delivers five leading technological advantages:

Simplified ultra-wideband: The solution supports industry-leading, high-power 720 W output, while employing cutting-edge Real Wide Bandwidth and Compact Dipole technologies. This realizes unified operations across three bands (such as 1.8 GHz, 2.1 GHz, and 2.6 GHz, or AWS, PCS, and 2.6 GHz) within a single form factor whose size is equivalent to a conventional two-band Massive MIMO device. This enables the solution to boost both frequency bands and power capabilities without increasing size or wind load.
Ultimate capacity: This solution is an effective enabler for 4G, 5G, and 5G-A. It can deliver 3-fold to 4-fold downlink capacity gains on 4G networks, which can increase to 7-fold in NR over LTE 4T4R, thereby effectively alleviating network congestion.
Enhanced uplink: By leveraging M-Receiver technology, the solution realizes 5-fold uplink capacity and 10 dB uplink coverage gains compared to LTE 4T4R, fulfilling new demands of the mobile AI era that are typified by HD streaming and security, multimodal AI interactions, and autonomous driving.
Native beamforming: Tri-band Massive MIMO traditionally increases interference due to the addition of extra beams. However, supported by enhanced intelligent beam scheduling and intelligent beamforming, Huawei’s tri-band Massive MIMO enables dynamic beam movement with users and intelligent interference avoidance, boosting user experience by 20% to 30%.
Energy saving: The innovative GigaGreen architecture supports “0 bit 0 watt”, enabling ultra-deep dormancy during low-traffic periods and instant wake-up when traffic increases, meaning substantial reductions in overall network power consumption.

“We have prioritized innovation in order to provide customers with wireless products that deliver unparalleled performance in terms of user experience, network capacity, energy efficiency, and simplified deployment. It is our mission to help operators build premium networks that offer improved efficiency and cost-performance. This award for tri-band Massive MIMO represents the industry’s recognition of our innovative design. Moving forward, we will continue down the path of innovation and escort our operator partners as they strive towards greater business success,” said Fang Xiang, Vice President of Huawei Wireless Network Product Line.

MIL OSI Economics –

June 16, 2025
MIL-OSI Global: Netanyahu has two war aims: destroying Iran’s nuclear program and regime change. Are either achievable?

Source: The Conversation – Global Perspectives – By Ian Parmeter, Research Scholar, Middle East Studies, Australian National University

Israeli Prime Minister Benjamin Netanyahu has said Israel’s attack on Iran’s nuclear facilities could last for at least two weeks.

His timing seems precise for a reason. The Israel Defence Forces and the country’s intelligence agencies have clearly devised a methodical, step-by-step campaign.

Israeli forces initially focused on decapitating the Iranian military and scientific leadership and, just as importantly, destroying virtually all of Iran’s air defences.

Israeli aircraft can not only operate freely over Iranian air space now, they can refuel and deposit more special forces at key sites to enable precision bombing of targets and attacks on hidden or well-protected nuclear facilities.

In public statements since the start of the campaign, Netanyahu has highlighted two key aims: to destroy Iran’s nuclear program, and to encourage the Iranian people to overthrow the clerical regime.

With those two objectives in mind, how might the conflict end? Several broad scenarios are possible.

A return to negotiations

US President Donald Trump’s special envoy for the Middle East, Steve Witkoff, was to have attended a sixth round of talks with his Iranian counterparts on Sunday aimed at a deal to replace the Iran nuclear agreement negotiated under the Obama administration in 2015. Trump withdrew from that agreement during his first term in 2018, despite Iran’s apparent compliance to that point.

Netanyahu was opposed to the 2015 agreement and has indicated he does not believe Iran is serious about a replacement.

So, accepting negotiations as an outcome of the Israeli bombing campaign would be a massive climbdown by Netanyahu. He wants to use the defanging of Iran to reestablish his security credentials after the Hamas attacks of October 2023.

Even though Trump continues to press Iran to accept a deal, negotiations are off the table for now. Trump won’t be able to persuade Netanyahu to stop the bombing campaign to restart negotiations.

Complete destruction of Iran’s nuclear program

Destruction of Iran’s nuclear program would involve destroying all known sites, including the Fordow uranium enrichment facility, about 100 kilometres south of Tehran.

According to International Atomic Energy Agency (IAEA) Director General Rafael Grossi, the facility is located about half a mile underground, beneath a mountain. It is probably beyond the reach of even the US’ 2,000-pound deep penetration bombs.

The entrances and ventilation shafts of the facility could be closed by causing landslides. But that would be a temporary solution.

Taking out Fordow entirely would require an Israeli special forces attack. This is certainly possible, given Israel’s success in getting operatives into Iran to date. But questions would remain about how extensively the facility could be damaged and then how quickly it could be rebuilt.

And destruction of Iran’s nuclear centrifuges – used to enrich uranium to create a bomb – would be only one step in dismantling its program.

Israel would also have to secure or eliminate Iran’s stock of uranium already enriched to 60% purity. This is sufficient for up to ten nuclear bombs if enriched to the weapons-grade 90% purity.

But does Israeli intelligence know where that stock is?

Collapse of the Iranian regime

Collapse of the Iranian regime is certainly possible, particularly given Israel’s removal of Iran’s most senior military leaders since its attacks began on Friday, including the heads of the Islamic Revolutionary Guard Corps and the Iranian armed forces.

And anti-regime demonstrations over the years, most recently the “Women, Life, Freedom” protests after the death in police custody of a young Iranian woman, Mahsa Amini, in 2022, have shown how unpopular the regime is.

That said, the regime has survived many challenges since coming to power in 1979, including war with Iraq in the 1980s and massive sanctions. It has developed remarkably efficient security systems that have enabled it to remain in place.

Another uncertainty at this stage is whether Israeli attacks on civilian targets might engender a “rally round the flag” movement among Iranians.

Netanyahu said in recent days that Israel had indications the remaining senior regime figures were packing their bags in preparation for fleeing the country. But he gave no evidence.

A major party joins the fight

Could the US become involved in the fighting?

This can’t be ruled out. Iran’s UN ambassador directly accused the US of assisting Israel with its strikes.

That is almost certainly true, given the close intelligence sharing between the US and Israel. Moreover, senior Republicans, such as Senator Lindsey Graham, have called on Trump to order US forces to help Israel “finish the job”.

Trump would probably be loath to do this, particularly given his criticism of the “forever wars” of previous US administrations. But if Iran or pro-Iranian forces were to strike a US base or military asset in the region, pressure would mount on Trump to retaliate.

Another factor is that Trump probably wants the war to end as quickly as possible. His administration will be aware the longer a conflict drags on, the more likely unforeseen factors will arise.

Could Russia become involved on Iran’s side? At this stage that’s probably unlikely. Russia did not intervene in Syria late last year to try to protect the collapsing Assad regime. And Russia has plenty on its plate with the war in Ukraine.

Russia criticised the Israeli attack when it started, but appears not to have taken any action to help Iran defend itself.

And could regional powers such as Saudi Arabia or the United Arab Emirates become involved?

Though they have a substantial arsenal of US military equipment, the two countries have no interest in becoming caught up in the conflict. The Gulf Arab monarchies have engaged in a rapprochement with Iran in recent years after decades of outright hostility. Nobody would want to put this at risk.

Uncertainties predominate

We don’t know the extent of Iran’s arsenal of missiles and rockets. In its initial retaliation to Israel’s strikes, Iran has been able to partially overwhelm Israel’s Iron Dome air defence system, causing civilian casualties.

If it can continue to do this, causing more civilian casualties, Israelis already unhappy with Netanyahu over the Gaza war might start to question his wisdom in starting another conflict.

But we are nowhere near that point. Though it’s too early for reliable opinion polling, most Israelis almost certainly applaud Netanyahu’s action so far to cripple Iran’s nuclear program. In addition, Netanyahu has threatened to make Tehran “burn” if Iran deliberately targets Israeli civilians.

We can be confident that Iran does not have any surprises in store. Israel has severely weakened its proxies, Hezbollah and Hamas. They are clearly in no position to assist Iran through diversionary attacks.

The big question will be what comes after the war. Iran will almost certainly withdraw from the Nuclear Non-Proliferation Treaty and forbid more inspections by the International Atomic Energy Agency.

Israel will probably be able to destroy Iran’s existing nuclear facilities, but it’s only a question of when – not if – Iran will reconstitute them.

This means the likelihood of Iran trying to secure a nuclear bomb in order to deter future Israeli attacks will be much higher. And the region will remain in a precarious place.

Ian Parmeter 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. Netanyahu has two war aims: destroying Iran’s nuclear program and regime change. Are either achievable? – https://theconversation.com/netanyahu-has-two-war-aims-destroying-irans-nuclear-program-and-regime-change-are-either-achievable-259014

MIL OSI – Global Reports –

June 16, 2025
MIL-Evening Report: A solar panel recycling scheme would help reduce waste, but please repair and reuse first

Source: The Conversation (Au and NZ) – By Deepika Mathur, Senior Research Fellow, Northern Institute, Charles Darwin University

tolobalaguer.com, Shutterstock

Australia’s rooftop solar industry has renewed calls for a mandatory recycling scheme to deal with the growing problem of solar panel waste. Only about 10% of panels are currently recycled. The rest are stockpiled, sent overseas or dumped in landfill.

One in three Australian homes now have rooftop solar panels, and new systems are being installed at the rate of 300,000 a year. Meanwhile, older systems are being scrapped – often well before the end of their useful life.

This has made solar panels Australia’s fastest-growing electronic waste stream. Yet federal government plans for a national scheme to manage this waste appear to have stalled.

Clearly, solar panel waste is a major problem for Australia. Recycling is one part of the solution. But Australia also needs new rules so solar panels can be repaired and reused.

Millions of solar panels dumped as upgrades surge (ABC News, June 12, 2025)

What are product stewardship schemes?

The Smart Energy Council, which represents the solar industry, is calling for a national product stewardship scheme.

Product stewardship schemes share responsibility for reducing waste at the end of a product’s useful life. They can involve people all along the supply chain, from manufacturers to importers to retailers.

Such schemes may be voluntary, and industry-led, or mandatory and legislated. Alternatively, they can be shared – approved by government but run by an organisation on behalf of industry.

Existing schemes manage waste such as oil, tyres, paper and packaging, mobile phones, televisions and computers.

Depending on the product, a levy is paid by the manufacturer, product importer, network service provider (in case of mobile muster), retailer or consumer – or a combination of these. The money raised is then invested in recycling, research or raising awareness and administering the scheme.

Establishing a solar panel product stewardship scheme

Solar panel systems were added to a national priority list for a product stewardship scheme in 2017.

In December 2020, the federal government called for partners to help develop the scheme, but later stated that no partnership would be struck.

The government released a discussion paper for comment in 2023. The scheme has not yet been established.

This is particularly problematic given Australia’s commitment to renewable energy, which will entail a rapid expansion of solar technology.

Recycling should be the last resort

Product stewardship schemes assume recycling is the main solution to the waste problem.

Australia’s National Waste Policy also focuses on on recycling, rather than reuse or repair. This is despite recycling being the last resort on the “waste hierarchy”, just slightly above disposal.

Solar photovoltaic panels are built to last 30 years or more, and are “not made to be unmade”. They are not easy to dismantle for recycling because they are built to withstand harsh conditions.

It’s difficult for Australia to influence the design of solar panels, given 99% are imported. Just one manufacturer, Tindo Solar in Adelaide, assembles solar panels on Australian soil, using imported silicon cells.

Many solar panels are being removed well before their end of life, generating waste ahead of time. This is rarely because they have stopped producing power.

In our previous research, we found many reasons why people chose to take solar panels down. Consumers are often advised to replace the whole system when just a few panels are faulty. Or they may simply be upgrading to a larger, more efficient system. Sometimes it’s because they want to access a new renewable energy subsidy.

Renewable subsidies and other solar panel policies should be redesigned to keep panels on roofs for longer.

Functioning solar panels removed before the end of their life should be reused. This would require new regulations including quality-control measures certifying second-hand solar panels, and second-hand markets. This is a much neglected field of research and development.

What else should such a scheme include?

Others have discussed what a solar panel product stewardship scheme could include and the possible regulatory environment.

We think the scheme should also involve collecting and transporting panels around Australia, including remote areas.

Unfortunately, existing product stewardship schemes do not differentiate between urban, regional and remote areas. The same is likely to be the case for a solar panel collection and recycling scheme.

This leaves regional and remote areas with fewer recycling facilities and collection points. With a growing number of large solar projects in Northern Australia, reducing waste is imperative.

Remote island communities in the Northern Territory bundle up their recyclables and ship it to Darwin. Removed solar panels are then transported to urban Victoria, New South Wales or South Australia for processing. Who should bear the cost of transporting this waste? Consumers, remote regional councils with small ratepayer bases, or manufacturers and retailers?

A well-designed scheme would help recover valuable resources across Australia for reuse in new products.

However, large volumes of solar panels would be required for recycling schemes to become commercially viable. That’s why the solar recycling industry is concerned about exporters and scrap dealers collecting panels rather then certified solar panel recyclers.

Even if the technology for recycling solar panels is nascent in Australia, it’s worth stockpiling panels in Australia for later.

Considering these issues in the design of a product stewardship scheme would help ensure we can maximise the benefits of renewable energy, while minimising waste.

Deepika Mathur has received research funding from the Northern Territory and federal governments.

Robin Gregory is affiliated with Regional Development Australia Northern Territory

– ref. A solar panel recycling scheme would help reduce waste, but please repair and reuse first – https://theconversation.com/a-solar-panel-recycling-scheme-would-help-reduce-waste-but-please-repair-and-reuse-first-258806

MIL OSI Analysis – EveningReport.nz –

June 16, 2025
MIL-OSI: HAPPY FATHER’S DAY! and $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of M2i Global, Inc. (OTCQB: MTWO)
Source: GlobeNewswire (MIL-OSI)

NEW YORK, June 15, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating M2i Global, Inc. (OTCQB: MTWO) related to its merger with Volato Group, Inc. Upon completion of the proposed merger, M2i will own approximately 90% of the combined company. Is it a fair deal?

Click here for more info https://monteverdelaw.com/case/m2i-global-inc/. It is free and there is no cost or obligation to you.

NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:
1. Do you file class actions and go to Court?
2. When was the last time you recovered money for shareholders?
3. What cases did you recover money in and how much?
About Monteverde & Associates PC

Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.

No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

The MIL Network –
June 16, 2025
MIL-OSI: HAPPY FATHER’S DAY! and $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of M2i Global, Inc. (OTCQB: MTWO)
Source: GlobeNewswire (MIL-OSI)

NEW YORK, June 15, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating M2i Global, Inc. (OTCQB: MTWO) related to its merger with Volato Group, Inc. Upon completion of the proposed merger, M2i will own approximately 90% of the combined company. Is it a fair deal?

Click here for more info https://monteverdelaw.com/case/m2i-global-inc/. It is free and there is no cost or obligation to you.

NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:
1. Do you file class actions and go to Court?
2. When was the last time you recovered money for shareholders?
3. What cases did you recover money in and how much?
About Monteverde & Associates PC

Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.

No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

The MIL Network –
June 16, 2025

Category: Energy

Investment zones to bring jobs and cash to Scotland

Deputy Prime Minister and Secretary of State for Housing, Communities and Local Government Angela Rayner said:

Deputy First Minister Kate Forbes said:

UK Government Scotland Office Minister Kirsty McNeill said:

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Updates to this page

What is an isotope?

The difference between uranium-238 and uranium-235

What is uranium enrichment, then?

What level of enrichment do nuclear weapons need?

The global impact

Escalation and strategic intentions

Countries most affected

Australia’s exposure

Broader economic impacts

Strikes come at a delicate time

Why surrender could spell the regime’s end

What options remain for Iran now?

A return to negotiations

Complete destruction of Iran’s nuclear program

Collapse of the Iranian regime

A major party joins the fight

Uncertainties predominate

What are product stewardship schemes?

Establishing a solar panel product stewardship scheme

Recycling should be the last resort

What else should such a scheme include?