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Category: Finance

  • MIL-OSI: ZOOZ Power Explores Strategic Opportunities as Leading Defense Company Commences POC for Flywheel-Based Power Booster

    Source: GlobeNewswire (MIL-OSI)

    Board of Directors Announces Restructuring Plan

    Tel Aviv, Israel, June 23, 2025 (GLOBE NEWSWIRE) — ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today that its board of directors has approved a plan to explore additional strategic alternatives to fully capitalize on its advanced, patented flywheel technology.

    Over the past several months, ZOOZ Power has engaged in ongoing discussions with a prominent defense and intelligence electronics company regarding deployment of a robust, repetitive short-duration power booster capable of operating in challenging environments. ZOOZ Power is currently conducting a proof of concept (POC) with this defense company — a collaboration that has the potential to unlock new verticals and significantly broaden the application of its flywheel technology.

    As part of the efforts to enhance execution, the board has also approved a company-wide cost reduction and restructuring initiative designed to reduce operating costs by approximately 35%. These cost efficiencies will enable greater business flexibility.

    “This POC engagement with a leading defense electronics company validates the versatility and competitive advantage of our flywheel technology in mission-critical environments, beyond our core EV charging systems,” said Erez Zimerman, Chief Executive Officer of ZOOZ Power. “At the same time, our cost reduction and restructuring plan will ensure we are lean, agile, and focused on the areas that we believe are most likely to deliver the highest growth and return.”

    About ZOOZ Power

    ZOOZ Power is a leading provider of flywheel-based power boosting and energy management solutions, enabling the widespread deployment of ultra-fast charging infrastructure for electric vehicles (EVs) while overcoming existing grid limitations.

    ZOOZ pioneers its unique flywheel-based power-boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure.

    ZOOZ Power’s sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, better efficiency, greater flexibility, and faster revenues and profitability growth. ZOOZ is publicly traded on NASDAQ and TASE under the ticker ZOOZ. For more information, please visit: www.zoozpower.com/

    Investor Contact:
    Miri Segal – CEO
    MS-IR LLC
    msegal@ms-ir.com

    Media enquiries:
    Media@zoozpower.com

    Forward-Looking Statement

    This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations, and assumptions of ZOOZ Power. All statements other than statements of historical facts contained in this press release, including statements regarding ZOOZ Power, and any of ZOOZ Power’s strategy, future operations and statements related to the POC engagement with a leading defense electronics company, ZOOZ Power’s cost reduction and restructuring plan, and the results thereof are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause ZOOZ Power’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and other risks and uncertainties are more fully discussed in the “Risk Factors” section of ZOOZ’s most recent Annual Report on Form 20-F as filed with the U.S. Securities and Exchange Commission (“SEC”) as well as other documents that may be subsequently filed by the Company from time to time with the SEC. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements relating to the deployment of a robust, repetitive short-duration power booster capable of operating in challenging environments, statements relating to ZOOZ Power’s currently conducted proof of concept (POC) with a defense company, statements relating to the potential results of such POC, including the potential of unlocking new verticals and significantly broaden the application of ZOOZ Power’s flywheel technology, statements relating to the potential versatility and competitive advantage of ZOOZ Power’s flywheel technology in mission-critical environments, beyond its core EV charging systems, statements relating to ZOOZ Power’s company-wide cost reduction and restructuring initiative including the potential results of such initiative, including its potential to reduce operating costs, statements relating to the areas that could deliver the highest growth and return, and conditions in Israel and in the Middle East, including the effect of the evolving nature of the ongoing “Swords of Iron” war, may adversely affect ZOOZ Power’s operations. These forward-looking statements are only estimations, and ZOOZ Power may not actually achieve the plans, intentions or expectations disclosed in any forward-looking statements, so you should not place undue reliance on any forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements made in this Press Release. Management of ZOOZ Power has based these forward-looking statements largely on current expectations and projections about future events and trends that such persons believe may affect ZOOZ Power’s business, financial condition and operating results. Forward-looking statements contained in this Press Release are made as of the date hereof, and none of ZOOZ Power or any of its representatives or any other person undertakes any duty to update such information except as may be expressly required under applicable law.

    The MIL Network –

  • MIL-OSI: Micropolis Announces Subsidiary Name Change

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, June 23, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Co. (“Micropolis” or the “Company”) (NYSE: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced it has changed the legal name of its wholly-owned subsidiary from Micropolis Digital Development FZ-LLC to Micropolis Robotics FZ-LLC. This move is a result of the Company’s growing portfolio of autonomous robotic platforms and corporate milestones, including its collaboration with SEE Holding Ltd at The Sustainable City 2.0 and Memorandum of Understanding with Emirates Steel (EMSTEEL), a leading UAE-based steel and construction materials manufacturer.

    “Micropolis designs and produces advanced robotics and AI technologies tailored to our customers’ needs,” said Fareed Aljawhari, Founder & CEO of Micropolis. “This subsidiary renaming better reflects our identity as a robotics company, underscores our expanding market presence, and reinforces our commitment to delivering innovative autonomous solutions.”

    About Micropolis Holding Co.
    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Micropolis’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed by the Company 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.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

  • MIL-OSI: Humanitario Capital LLC Acquires Proportionate Voting Shares and Proportionate Voting Share Warrants of Inspire Semiconductor Holdings Inc.

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico and VANCOUVER, British Columbia, June 23, 2025 (GLOBE NEWSWIRE) — This news release is issued by Terren Peizer (“Mr. Peizer”) pursuant to the early warning requirements of Canada’s National Instrument 62-104 and National Instrument 62-103 with respect to proportionate voting shares (“PVS”) and proportionate voting share warrants (“PVS Warrants”) of Inspire Semiconductor Holdings Inc. (the “Issuer”).

    Mr. Peizer announces that, through his wholly owned corporation, Humanitario Capital LLC (“Humanitario”), he has acquired PVS and PVS Warrants in connection with a financing (the “Financing”) of units of the Issuer consisting of 315,790 PVS and 315,790 PVS Warrants representing approximately 10.16% of the issued and outstanding subordinate voting shares of the Issuer (“SVS”) on a basic basis and approximately 18.44% of the issued and outstanding SVS on a partially-diluted basis, after giving effect only to the exercise of the PVS Warrants issued to   Humanitario.

    Following completion of the Financing Humanitario beneficially owned or controlled 1,056,530.74 PVS and 1,056,530 PVS Warrants representing approximately 33.98% of the issued and outstanding SVS on a basic basis and approximately 50.73% of the issued and outstanding SVS on a partially-diluted basis, after giving effect only to the exercise of the PVS Warrants held by Humanitario.

    Each PVS is convertible at the option of the holder in 100 SVS pursuant to the Issuer’s articles. Each of the foregoing percentages assumes the conversion of all issued and outstanding PVS to SVS.

    Mr. Peizer (through Humanitario) acquired the Shares for investment purposes and may, depending on market and other conditions, increase or decrease his beneficial ownership, control, or direction over securities of the Issuer through market transactions, private agreements, treasury issuances, exercise of warrants, or otherwise.

    For further information and to obtain a copy of the early warning report filed under applicable Canadian provincial and territorial securities legislation in connection with the transactions described herein, please go to the Issuer’s profile on the SEDAR+ website (www.sedarplus.ca) or contact the Company at invest@inspiresemi.com.

    The MIL Network –

  • MIL-OSI: Carronade Capital Calls on Cannae Holdings to Promptly Announce Date of 2025 Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    Cannae Appears to be Manipulating Corporate Machinery to Further Entrench Board During a Contested Election Following Years of Chronic Underperformance

    Believes Delay in Holding Annual Meeting Underscores the Need for Board Change

    Urges Board to Provide Clarity on Capital Return Plan

    DARIEN, Conn., June 23, 2025 (GLOBE NEWSWIRE) — Carronade Capital Master, LP (together with its affiliates, “Carronade Capital”, “our” or “we”), which beneficially owns approximately 3.2 million shares of Common Stock of Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) and is one of the Company’s top shareholders, today issued the following statement calling on Cannae’s Board of Directors (the “Board”) to promptly announce the date of the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”):

    “Carronade urges Cannae to immediately set and announce the date of its 2025 Annual Meeting, which was last held over a year ago on June 19, 2024. Cannae’s failure to schedule its 2025 Annual Meeting in the midst of a contested election and in a manner consistent with its past annual meetings raises serious doubts about the Board’s supposed ‘significant advancements in governance’. Shareholders deserve an explanation of the corporate purpose and reason for delaying the meeting; absent that, it appears to be another transparent effort to evade accountability, further entrench the current Board and disenfranchise Cannae’s long-suffering shareholders.

    “We believe Cannae’s delay in holding its 2025 Annual Meeting is a deliberate attempt to manipulate the corporate machinery and a consequence of this Board’s decision to reincorporate from Delaware to Nevada, a move that was not viewed favorably by Institutional Shareholder Services, Inc., one of the leading proxy advisory firms. By denying shareholders the opportunity to exercise their fundamental right to vote in a normal election cycle, we believe Cannae has once again demonstrated its blatant disregard for commonly accepted corporate governance principles, underscoring the urgent need for Board change and increased accountability.

    “Additionally, Cannae should provide greater clarity on its plan to return capital to shareholders following the announced Dun & Bradstreet sale. If the delayed 2025 Annual Meeting is related to the Company’s attempt to enact a tender offer, Carronade believes it is imperative that any such share buyback be executed on terms that are at least as favorable as the 20% premium afforded to Cannae Founder Bill Foley.”

    Carronade remains committed to effecting meaningful change to drive shareholder value at Cannae and will continue to seek shareholder representation on the Board at the 2025 Annual Meeting, whenever it is scheduled. Carronade’s four highly qualified and independent nominees are Mona Aboelnaga, Benjamin Duster, Dennis Prieto and Cherie Schaible.

    About Carronade Capital

    Carronade Capital Management, LP (“Carronade Capital Management”) is a multi-strategy investment firm based in Connecticut with over $2.3 billion in assets under management that focuses on process driven investments in catalyst-rich situations. Carronade Capital Management was founded in 2019 by industry veteran Dan Gropper and is based in Darien, Connecticut. Carronade Capital and its affiliates managed by Carronade Capital Management were launched on July 1, 2020, and the firm employs 15 team members. Dan Gropper brings with him nearly three decades of special situations credit experience serving in senior roles at distinguished investment firms, including Elliott Management Corporation, Fortress Investment Group and Aurelius Capital Management, LP.

    Media Contact:
    Paul Caminiti / Jacqueline Zuhse
    Reevemark
    (212) 433-4600
    Carronade@reevemark.com

    Investor Contacts:
    Andy Taylor / Win Rollins
    Carronade Capital Management, LP
    (203) 485-0880
    ir@carronade.com

    Pat McHugh
    Okapi Partners LLC
    (212) 297-0720
    info@okapipartners.com

    Disclaimers

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. This press release does not recommend the purchase or sale of a security. There is no assurance or guarantee with respect to the prices at which any securities of Cannae Holdings, Inc. (the “Company”) will trade, and such securities may not trade at prices that may be implied herein. In addition, this press release and the discussions and opinions herein are for general information only, and are not intended to provide financial, legal or investment advice. Each shareholder of the Company should independently evaluate the proxy materials and make a decision that aligns with their own financial interests, consulting with their own advisers, as necessary.

    This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “will be” and similar expressions. Although Carronade Capital and its affiliates believe that the expectations reflected in forward-looking statements contained herein are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties—many of which are difficult to predict and are generally beyond the control of Carronade or the Company—that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. In addition, the foregoing considerations and any other publicly stated risks and uncertainties should be read in conjunction with the risks and cautionary statements discussed or identified in the Company’s public filings with the U.S. Securities and Exchange Commission, including those listed under “Risk Factors” in the Company’s annual reports on Form 10-K and quarterly reports on Form 10-Q . The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Carronade does not undertake any obligation to update or revise any forward-looking information or statements. Certain information included in this press release is based on data obtained from sources considered to be reliable. Any analyses provided herein is intended to assist the reader in evaluating the matters described herein and may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should not be viewed as factual and should not be relied upon as an accurate prediction of future results. All figures are estimates and, unless required by law, are subject to revision without notice.

    Certain of the funds(s) and/or account(s) (“Accounts”) managed by Carronade Capital Management, LP (“Carronade Capital Management”) currently beneficially own shares of the Company. Carronade Capital Management in the business of trading (i.e., buying and selling) securities and intends to continue trading in the securities of the Company. You should assume the Accounts will from time to time sell all or a portion of its holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares. Consequently, Carronade Capital Management’s beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to Carronade Capital Management’s views of the Company’s business, prospects, or valuation (including the market price of the Company’s shares), including, without limitation, other investment opportunities available to Carronade Capital Management, concentration of positions in the portfolios managed by Carronade Capital Management, conditions in the securities markets, and general economic and industry conditions. Without limiting the generality of the foregoing, in the event of a change in the Company’s share price on or following the date hereof, Carronade Capital Management may buy additional shares or sell all or a portion of its Account’s holdings of the Company (including, in each case, by trading in options, puts, calls, swaps, or other derivative instruments relating to the Company’s shares). Carronade Capital Management also reserves the right to change the opinions expressed herein and its intentions with respect to its investment in the Company, and to take any actions with respect to its investment in the Company as it may deem appropriate, and disclaims any obligation to notify the market or any other party of any such changes or actions, except as required by law.

    Certain Information Concerning the Participants

    Carronade Capital Master, LP (“Carronade”), together with the other participants named herein (collectively, “Carronade Capital”), has filed a preliminary proxy statement and accompanying GOLD proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of Carronade Capital’s highly-qualified director nominees at the 2025 annual meeting of shareholders of the Company.

    CARRONADE CAPITAL STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS’ PROXY SOLICITOR.

    The participants in the proxy solicitation are anticipated to be Carronade, Carronade Capital GP, LLC (“Carronade Capital GP”), Carronade Capital Management, Carronade Capital Management GP, LLC (“Carronade Capital Management GP”), Dan Gropper, Mona Aboelnaga, Benjamin C. Duster, IV, Dennis A. Prieto and Chérie L. Schaible.

    As of the date hereof, Carronade beneficially owns directly 3,012,218 shares of Common Stock, par value $0.0001 per share, of the Company (the “Common Stock”). Carronade Capital GP, as the general partner of Carronade, may be deemed the beneficial owner of the 3,012,218 shares of Common Stock owned by Carronade. As of the date hereof, 176,809 shares of Common Stock were held in a certain account managed by Carronade Capital Management (the “Managed Account”). Carronade Capital Management, as the investment manager of Carronade, may be deemed the beneficial owner of an aggregate of 3,189,027 shares of Common Stock directly owned by Carronade and held in the Managed Account. Carronade Capital Management GP, as the general partner of Carronade Capital Management, may be deemed the beneficial owner of an aggregate of 3,189,027 shares of Common Stock directly owned by Carronade and held in the Managed Account. As the Managing Member of Carronade Capital Management GP, Mr. Gropper may be deemed the beneficial owner of an aggregate of 3,189,027 shares of Common Stock directly owned by Carronade and held in the Managed Account. As of the date hereof, Ms. Aboelnaga directly beneficially owns 1,400 shares of Common Stock. As of the date hereof, Mr. Duster directly beneficially owns 1,338.329 shares of Common Stock. As of the date hereof, Mr. Prieto directly beneficially owns 1,470 shares of Common Stock. As of the date hereof, Ms. Schaible directly beneficially owns 1,360 shares of Common Stock.

    The MIL Network –

  • MIL-OSI: Rockcliffe Capital Initiates Coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM) with a “Strong Buy” Rating and C$155 Price Target

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM), a premier senior gold mining company with operations spanning Canada, Finland, Australia, Mexico, and the U.S.

    Following rigorous financial and operational analysis, Rockcliffe Capital assigns Agnico Eagle a “Strong Buy” rating, alongside a 12-month price target of C$155, reflecting strong upside potential of approximately 25% from current market levels.

    “Agnico Eagle has delivered extraordinary operating discipline and record earnings this quarter,” said Felix Gelt, Managing Director of Research at Rockcliffe Capital. “With Q1 net income soaring to US$815 M—up 134% YoY—and free cash flow reaching US$594 M amid near-zero debt, Agnico offers both growth and balance sheet strength in the gold sector.”

    Investment Thesis Highlights:

    • Earnings Powerhouse: Q1 2025 net income rose to US$815 million (US$1.62 EPS), a 134% YoY increase, driven by record operating margins from elevated gold prices.
    • Revenue & Margin Strength: Q1 revenue climbed 34.9% YoY to US$2.468 billion, while all-in sustaining costs (AISC) dropped ~10% to US$1,183/oz, delivering a ~59% margin.
    • Balance Sheet Resilience: Operating cash flow hit US$1.044 billion, free cash flow was US$594 million, enabling net debt to fall to just US$5 million, with cash reserves of US$1.138 billion.
    • Strategic Growth Initiatives: Ongoing capital deployment into high-quality projects like Detour Lake, Upper Beaver, and the O3 Mining acquisition enhances reserve base and future production visibility.
    • Shareholder Returns: Maintains a US$0.40/share quarterly dividend. NCIB buybacks of US$50 million executed in the quarter; the Board plans an expanded NCIB of up to US$1 billion.
    • ESG Leadership: Released its 16th Sustainability Report highlighting best-in-class emissions intensity (0.38 tCO₂e/oz), C$1 billion Indigenous economic commitment, and sector-leading safety.

    Valuation & Target:
    Utilizing a disciplined valuation framework with a projected 2026 EV/EBITDA multiple of ~8× and P/E multiple of ~18×, Rockcliffe Capital derives a 12-month price target of C$155, equivalent to ~US$115/share, indicating ~25% upside from current levels.

    Risk Factors:

    • Gold Price Volatility: A sustained decline in gold prices could compress margins and cash flow.
    • Project Execution: Delays at key sites (e.g., underground transitions, permitting) could affect supply outlook.
    • Macro Factors: A stronger U.S. dollar or higher real interest rates may weigh on gold sector valuations.

    About Rockcliffe Capital Research
    Rockcliffe Capital’s Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions.

    Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership.

    Please contact research@rockcliffe.capital for access to our full research suite and initiation reports.

    Media Contact
    Rockcliffe Capital
    Research & Markets Division
    research@rockcliffe.capital
    +1 (416)-642-1967

    This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities mentioned.

    The MIL Network –

  • MIL-OSI: Rockcliffe Capital Initiates Coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM) with a “Strong Buy” Rating and C$155 Price Target

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM), a premier senior gold mining company with operations spanning Canada, Finland, Australia, Mexico, and the U.S.

    Following rigorous financial and operational analysis, Rockcliffe Capital assigns Agnico Eagle a “Strong Buy” rating, alongside a 12-month price target of C$155, reflecting strong upside potential of approximately 25% from current market levels.

    “Agnico Eagle has delivered extraordinary operating discipline and record earnings this quarter,” said Felix Gelt, Managing Director of Research at Rockcliffe Capital. “With Q1 net income soaring to US$815 M—up 134% YoY—and free cash flow reaching US$594 M amid near-zero debt, Agnico offers both growth and balance sheet strength in the gold sector.”

    Investment Thesis Highlights:

    • Earnings Powerhouse: Q1 2025 net income rose to US$815 million (US$1.62 EPS), a 134% YoY increase, driven by record operating margins from elevated gold prices.
    • Revenue & Margin Strength: Q1 revenue climbed 34.9% YoY to US$2.468 billion, while all-in sustaining costs (AISC) dropped ~10% to US$1,183/oz, delivering a ~59% margin.
    • Balance Sheet Resilience: Operating cash flow hit US$1.044 billion, free cash flow was US$594 million, enabling net debt to fall to just US$5 million, with cash reserves of US$1.138 billion.
    • Strategic Growth Initiatives: Ongoing capital deployment into high-quality projects like Detour Lake, Upper Beaver, and the O3 Mining acquisition enhances reserve base and future production visibility.
    • Shareholder Returns: Maintains a US$0.40/share quarterly dividend. NCIB buybacks of US$50 million executed in the quarter; the Board plans an expanded NCIB of up to US$1 billion.
    • ESG Leadership: Released its 16th Sustainability Report highlighting best-in-class emissions intensity (0.38 tCO₂e/oz), C$1 billion Indigenous economic commitment, and sector-leading safety.

    Valuation & Target:
    Utilizing a disciplined valuation framework with a projected 2026 EV/EBITDA multiple of ~8× and P/E multiple of ~18×, Rockcliffe Capital derives a 12-month price target of C$155, equivalent to ~US$115/share, indicating ~25% upside from current levels.

    Risk Factors:

    • Gold Price Volatility: A sustained decline in gold prices could compress margins and cash flow.
    • Project Execution: Delays at key sites (e.g., underground transitions, permitting) could affect supply outlook.
    • Macro Factors: A stronger U.S. dollar or higher real interest rates may weigh on gold sector valuations.

    About Rockcliffe Capital Research
    Rockcliffe Capital’s Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions.

    Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership.

    Please contact research@rockcliffe.capital for access to our full research suite and initiation reports.

    Media Contact
    Rockcliffe Capital
    Research & Markets Division
    research@rockcliffe.capital
    +1 (416)-642-1967

    This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities mentioned.

    The MIL Network –

  • MIL-OSI China: China’s power generation capacity up 18.8% by end-May

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

    China’s total power generation capacity had climbed to 3.61 billion kilowatts by the end of May, marking a year-on-year increase of 18.8 percent, the National Energy Administration said on Monday.

    Of this total, solar power generation capacity accounted for 1.08 billion kilowatts, surging by 56.9 percent year on year, while wind power generation capacity reached 570 million kilowatts, up 23.1 percent year on year.

    In terms of investment, major power generation companies poured 257.8 billion yuan (about 35.95 billion U.S. dollars) into power generation projects between January and May, up 0.4 percent year on year.

    Investment in power grid projects rose 19.8 percent year on year to 204 billion yuan.

    MIL OSI China News –

  • MIL-OSI Global: How the end of carbon capture could spark a new industrial revolution

    Source: The Conversation – USA – By Andres Clarens, Professor of Civil and Environmental Engineering, University of Virginia

    Steelmaking uses a lot of energy, making it one of the highest greenhouse gas-emitting industries.
     David McNew/Getty Images

    The U.S. Department of Energy’s decision to claw back US$3.7 billion in grants from industrial demonstration projects may create an unexpected opening for American manufacturing.

    Many of the grant recipients were deploying carbon capture and storage – technologies that are designed to prevent industrial carbon pollution from entering the atmosphere by capturing it and injecting it deep underground. The approach has long been considered critical for reducing the contributions chemicals, cement production and other heavy industries make to climate change.

    However, the U.S. policy reversal could paradoxically accelerate emissions cuts from the industrial sector.

    An emissions reality check

    Heavy industry is widely viewed as the toughest part of the economy to clean up.

    The U.S. power sector has made progress, cutting emissions 35% since 2005 as coal-fired power plants were replaced with cheaper natural gas, solar and wind energy. More than 93% of new grid capacity installed in the U.S. in 2025 was forecast to be solar, wind and batteries. In transportation, electric vehicles are the fastest-growing segment of the U.S. automotive market and will lead to meaningful reductions in pollution.

    But U.S. industrial emissions have been mostly unchanged, in part because of the massive amount of coal, gas and oil required to make steel, concrete, aluminum, glass and chemicals. Together these materials account for about 22% of U.S. greenhouse gas emissions.

    The global industrial landscape is changing, though, and U.S. industries cannot, in isolation, expect that yesterday’s means of production will be able to compete in a global marketplace.

    Even without domestic mandates to reduce their emissions, U.S. industries face powerful economic pressures. The EU’s new Carbon Border Adjustment Mechanism imposes a tax on the emissions associated with imported steel, chemicals, cement and aluminum entering European markets. Similar policies are being considered by Canada, Japan, Singapore, South Korea and the United Kingdom, and were even floated in the United States.

    The false promise of carbon capture

    The appeal of carbon capture and storage, in theory, was that it could be bolted on to an existing factory with minimal changes to the core process and the carbon pollution would go away.

    Government incentives for carbon capture allow producers to keep using polluting technologies and prop up gas-powered chemical production or coal-powered concrete production.

    The Trump administration’s pullback of carbon capture and storage grants now removes some of these artificial supports.

    Without the expectation that carbon capture will help them meet regulations, this may create space to focus on materials breakthroughs that could revolutionize manufacturing while solving industries’ emissions problems.

    The materials innovation opportunity

    So, what might emissions-lowering innovation look like for industries such as cement, steel and chemicals? As a civil and environmental engineer who has worked on federal industrial policy, I study the ways these industries intersect with U.S. economic competitiveness and our built environment.

    There are many examples of U.S. innovation to be excited about. Consider just a few industries:

    Cement: Cement is one of the most widely used materials on Earth, but the technology has changed little over the past 150 years. Today, its production generates roughly 8% of total global carbon pollution. If cement production were a country, it would rank third globally after China and the United States.

    Researchers are looking at ways to make concrete that can shed heat or be lighter in weight to significantly reduce the cost of building and cooling a home. Sublime Systems developed a way to produce cement with electricity instead of coal or gas. The company lost its IDP grant in May 2025, but it has a new agreement with Microsoft.

    Making concrete do more could accelerate the transition. Researchers at Stanford and separately at MIT are developing concrete that can act as a capacitor and store over 10 kilowatt-hours of energy per cubic meter. Such materials could potentially store electricity from your solar roof or allow for roadways that can charge cars in motion.

    How concrete could be used as a capacitor. MIT.

    Technologies like these could give U.S. companies a competitive advantage while lowering emissions. Heat-shedding concrete cuts air conditioning demand, lighter formulations require less material per structure, and energy-storing concrete could potentially replace carbon-intensive battery manufacturing.

    Steel and iron: Steel and iron production generate about 7% of global emissions with centuries-old blast furnace processes that use intense heat to melt iron ore and burn off impurities. A hydrogen-based steelmaking alternative exists today that emits only water vapor, but it requires new supply chains, infrastructure and production techniques.

    U.S. Steel has been developing techniques to create stronger microstructures within steel for constructing structures with 50% less material and more strength than conventional designs. When a skyscraper needs that much less steel to achieve the same structural integrity, that eliminates millions of tons of iron ore mining, coal-fired blast furnace operations and transportation emissions.

    Chemicals: Chemical manufacturing has created simultaneous crises over the past 50 years: PFAS “forever chemicals” and microplastics have been showing up in human blood and across ecosystems, and the industry generates a large share of U.S. industrial emissions.

    Companies are developing ways to produce chemicals using engineered enzymes instead of traditional petrochemical processes, achieving 90% lower emissions in a way that could reduce production costs. These bio-based chemicals can naturally biodegrade, and the chemical processes operate at room temperature instead of requiring high heat that uses a lot of energy.

    Is there a silver bullet without carbon capture?

    While carbon capture and storage might not be the silver bullet for reducing emissions that many people thought it would be, new technologies for managing industrial heat might turn out to be the closest thing to one.

    Most industrial processes require temperatures between 300 and 1830 degrees Fahrenheit (150 and 1000 degrees Celsisus for everything from food processing to steel production. Currently, industries burn fossil fuels directly to generate this heat, creating emissions that electric alternatives cannot easily replace. Heat batteries may offer a breakthrough solution by storing renewable electricity as thermal energy, then releasing that heat on demand for industrial processes.

    How thermal batteries work. CNBC.

    Companies such as Rondo Energy are developing systems that store wind and solar power in bricklike materials heated to extreme temperatures. Essentially, they convert electricity into heat during times when electricity is abundant, usually at night. A manufacturing facility can later use that heat, which allows it to reduce energy costs and improve grid reliability by not drawing power at the busiest times. The Trump administration cut funding for projects working with Rondo’s technology, but the company’s products are being tested in other countries.

    Industrial heat pumps provide another pathway by amplifying waste heat to reach the high temperatures manufacturing requires, without using as much fossil fuel.

    The path forward

    The Department of Energy’s decision forces industrial America into a defining moment. One path leads backward toward pollution-intensive business as usual propping up obsolete processes. The other path drives forward through innovation.

    Carbon capture offered an expensive Band-Aid on old technology. Investing in materials innovation and new techniques for making them promises fundamental transformation for the future.

    Andres Clarens receives funding from the National Science Foundation and the Alfred P Sloan Foundation.

    – ref. How the end of carbon capture could spark a new industrial revolution – https://theconversation.com/how-the-end-of-carbon-capture-could-spark-a-new-industrial-revolution-257894

    MIL OSI – Global Reports –

  • MIL-OSI: Standard Lithium Announces New VP Appointments to Expand and Strengthen Senior Management

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, June 23, 2025 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, is pleased to announce the appointment of Daniel Rosen as Vice President of Strategy and Investor Relations, as well as Tim Sobel as Vice President of Health, Safety, Social and Environment (“HSSE”).

    “We are thrilled to welcome the additions of Daniel and Tim to our leadership team,” said David Park, Chief Executive Officer and Director of Standard Lithium. “Dan’s strategic insight and deep experience in investor relations and capital markets, as well as Tim’s extensive history in ensuring that HSSE standards are not only met, but exceeded and built-in to organizational culture, will be invaluable as we continue to execute our growth strategy on a path towards first production.”

    “Bringing on Daniel and Tim is the next step in our process of continuing to evolve and strengthen our capabilities,” said Salah Gamoudi, Chief Financial Officer of Standard Lithium. “We’d also like to thank Chris Lang for helping to support our investor relations function this past year. With Daniel coming onboard, this will allow Chris to prioritize and focus more on the financial planning and treasury aspects of his role.”

    Mr. Rosen brings more than 13 years of experience in corporate strategy, finance, and capital markets. Most recently, Mr. Rosen played a key role in the post-acquisition integration of Arcadium Lithium into Rio Tinto, where he led cross-functional initiatives to align strategic priorities, operational capabilities, and investor messaging. Prior to his role as Director of Integration for Rio Tinto, Mr. Rosen held roles in Corporate Strategy, M&A and Investor Relations for Arcadium Lithium and Livent and spent over six years with Barclays in its Investment Banking division. He has a proven track record of aligning corporate vision with market opportunities and building trusted relationships across the investment community.

    Mr. Sobel is a seasoned HSSE executive with over three decades of distinguished leadership in health, safety, security, environmental, quality, sustainability, and risk management across global industrial and logistics sectors. He most previously served as Vice President of HSSE for the Americas at DP World, where he oversaw HSSE strategy and execution across more than 40 logistics, port, and terminal operations in North and South America. Prior to DP World, he held senior leadership roles at Air Liquide, New Fortress Energy, Wilhelmsen Ship Management, and Sunoco Logistics, where he led multi-site operational risk, compliance, and crisis management programs. His earlier service in the U.S. Coast Guard laid the foundation for his deep regulatory expertise and command-level emergency response capabilities. Mr. Sobel is recognized for developing and embedding world-class safety cultures, behavioral safety programs, and regulatory-compliant management systems.

    About Standard Lithium Ltd.

    Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas.

    Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.

    Investor and Media Inquiries

    Chris Lang
    Standard Lithium Ltd.
    +1 604 409 8154
    investors@standardlithium.com

    X: @standardlithium
    LinkedIn: https://www.linkedin.com/company/standard-lithium/

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

    The MIL Network –

  • MIL-OSI: BOSS Money Ranked Highest by Customers Among Money Transfer Companies

    Source: GlobeNewswire (MIL-OSI)

    Newark, NJ, June 23, 2025 (GLOBE NEWSWIRE) — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), achieved the highest average app store rating of the eighteen digital money transfer companies in FXC Intelligence’s 2025 customer satisfaction ranking. FXC Intelligence is a highly regarded financial intelligence and analytics company specializing in cross-border payments.

    The BOSS Money app led the pack with a 4.9 average app rating in the FXC Intelligence rankings. Over 100,000 customers across the App store and Google Play platforms have given BOSS Money the highest possible score.

    “This recognition reflects the BOSS Money app’s unrivaled ease-of-use and proven reliability,” said Esti Witty, EVP Product at BOSS Money. “Our customers’ feedback, experiences, and trust inspire us to innovate and improve every day.”

    The FXC Intelligence app rankings reflect comparative customer scores for money transfer apps in the App Store and Google Play. Boss Money’s 4.6 Trustpilot rating was also among the highest in its peer group.

    New BOSS Money customers get two $0-fee transfers on their first two transactions to over 50 countries using a debit card in the BOSS Money app, and five $0-fee transactions when sending money to family or friends in Mexico. BOSS Money is known for its low fees and competitive exchange rates. Within the app, customers can compare foreign exchange rates quoted by leading money transfer providers to see exactly how much they are saving.

    “If you have not yet tried the BOSS Money app, this is your invitation. With two $0-fee transfers and the best exchange rates, it is easier than ever to become a happy BOSS Money customer,” Witty emphasized.

    The BOSS Money app is free at the iOS App and Google Play Stores.

    To learn more about BOSS Money’s low fees, competitive exchange rates and exclusive promotions visit bossmoney.com.

    ABOUT BOSS MONEY

    BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    CONTACT
    IDT Corporation Investor Relations
    Bill Ulrey
    william.ulrey@idt.net

    # # #

    The MIL Network –

  • MIL-OSI: 180 Degree Capital Corp. Sets Election of Director Special Meeting Date Pursuant to Shareholder Demand Under New York Business Law

    Source: GlobeNewswire (MIL-OSI)

    MONTCLAIR, N.J., June 23, 2025 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”) today provides notice to its shareholders of its intent to hold a special meeting of shareholders for the sole purpose of electing directors (“Director Election Special Meeting”) on August 18, 2025, as required under New York Business Corporation Law pursuant to the shareholder demand request submitted on June 17, 2025 (the “Demand Letter”), and in lieu of holding an annual meeting of shareholders.

    The Board of Directors of 180 Degree Capital has tentatively set a record date of July 18, 2025, for the Director Election Special Meeting. 180 Degree Capital is in the process of requesting confirmation from the shareholders who made the demand that they actually held the percentage of 180 Degree Capital’s outstanding shares required under New York law as of the date of their demand, given discrepancies between the dates of their affidavits and the date of their demand, as well as disclosures certain of those shareholders made publicly in connection with the delivery of their demand letter.

    “Given our goal of minimizing expenses and maximizing net asset value heading into our proposed merger with Mount Logan Capital Inc. (“Mount Logan”) in an all-stock transaction (the “Business Combination”), we did not originally plan to incur the expense of holding an annual meeting of shareholders ahead of the upcoming special meeting for shareholders to approve the Business Combination (the “Business Combination Special Meeting”),” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “We continue to encourage constructive conversations with all shareholders, whether large or small holders of our stock. We can be reached anytime at our contact information included in our press releases. In an effort to not have 180 Degree Capital shareholders bear the cost of multiple proxy solicitations, we proactively reached out to the shareholder who issued this demand last week, and we look forward to the opportunity to engage with them in a constructive dialog at their convenience. We would note that their last direct outreach to speak with 180 Degree Capital’s management prior to sending the Demand Letter was in July 2024.”

    Mr. Rendino continued, “We truly appreciate the strong support for the Business Combination that we have received from an overwhelming number of our current shareholders and new ones who have built positions in 180 Degree Capital since the announcement of the proposed Business Combination. These supportive shareholders see what we do in the potential Business Combination – ownership in the robust balance sheet of Mount Logan and access to its extensive credit capabilities allow our merged company to provide comprehensive solutions across the capital structure for the vast universe of small cap companies we evaluate and invest in and provide what we believe is a unique opportunity to build substantial value for our shareholders. These opportunities exist because as constructive activists, we have always sought to work with boards and management teams to unlock value for shareholders. We proactively call our investee management teams and boards to propose and discuss solutions with complete transparency to drive outcomes that we believe can benefit all stakeholders of our investee companies, including, but not limited to, 180 Degree Capital. As such, this is why we believe we have never had to run competitive proxies, and rather have been either invited to join boards, have highly qualified candidates we introduce be appointed to boards, or been provided opportunities to lead and/or participate in capital structure solutions that are not widely marketed to drive material value creation and long-term partnerships. Further, we believe the Business Combination makes our net asset value per share (“NAV”) a floor for potential future value creation for our common shares rather than the ceiling our current structure imparts to our stock price based on NAV. We are thrilled at the potential opportunity for our shareholders to own a valuable and profitable company with great growth potential.”

    “In terms of progress toward completing our proposed Business Combination, we believe we are making material progress through the SEC review process that is required for us and any public company to complete prior to holding the Business Combination Special Meeting,” added Daniel B. Wolfe, President of 180 Degree Capital Corp. “We believe our amended preliminary joint proxy statement/prospectus filed on June 12, 2025, addressed the comments received from the SEC to date, and we look forward to addressing any other comments/questions in subsequent amended filings. We are laser focused on driving our proposed Business Combination to a close that we believe will unlock future value creation for all of 180 Degree Capital’s shareholders.”

    About 180 Degree Capital Corp.

    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 Degree Capital and its holdings can be found on its website at www.180degreecapital.com.

    Press Contact:
    Daniel B. Wolfe
    Robert E. Bigelow
    180 Degree Capital Corp.
    973-746-4500
    ir@180degreecapital.com

    Additional Information and Where to Find It

    In connection with the Director Election Special Meeting, 180 Degree Capital intends to file with the SEC a proxy statement on Schedule 14A (the “Director Election Proxy Statement”), containing a form of WHITE proxy card, with respect to its solicitation of proxies for the Director Election Special Meeting. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DIRECTOR ELECTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. Investors and security holders may obtain copies of these documents and other documents filed with the SEC by the Company free of charge through the website maintained by the SEC at https://www.sec.gov. Copies of the documents filed by the Company are also available free of charge by accessing the Company’s investor relations website at https://ir.180degreecapital.com.

    In connection with the agreement and plan of merger among 180 Degree Capital, Mount Logan Capital Inc. (“Mount Logan”), Yukon New Parent, Inc. (“New Mount Logan”), Polar Merger Sub, Inc., and Moose Merger Sub, LLC, dated January 16, 2025, as it may from time to time be amended, modified or supplemented (the “Merger Agreement”) that details the proposed combination of the businesses of 180 Degree Capital and Mount Logan and any other transactions contemplated by and pursuant to the terms of the Merger Agreement (the “Business Combination”), 180 Degree Capital intends to file with the SEC and mail to its shareholders a proxy statement on Schedule 14A (the “Business Combination Proxy Statement”), containing a form of WHITE proxy card. In addition, the surviving Delaware corporation, New Mount Logan plans to file with the SEC a registration statement on Form S-4 (the “Registration Statement”) that will register the exchange of New Mount Logan shares in the Business Combination and include the Proxy Statement and a prospectus of New Mount Logan (the “Prospectus”). The Business Combination Proxy Statement and the Registration Statement (including the Prospectus) will each contain important information about 180 Degree Capital, Mount Logan, New Mount Logan, the Business Combination and related matters. SHAREHOLDERS OF 180 DEGREE CAPITAL AND MOUNT LOGAN ARE URGED TO READ THE BUSINESS COMBINATION PROXY STATEMENT AND PROSPECTUS CONTAINED IN THE REGISTRATION STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE APPLICABLE SECURITIES REGULATORY AUTHORITIES AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT 180 DEGREE CAPITAL, MOUNT LOGAN, NEW MOUNT LOGAN, THE BUSINESS COMBINATION AND RELATED MATTERS. Investors and security holders may obtain copies of these documents and other documents filed with the applicable securities regulatory authorities free of charge through the website maintained by the SEC at https://www.sec.gov and the website maintained by the Canadian securities regulators at www.sedarplus.ca. Copies of the documents filed by 180 Degree Capital are also available free of charge by accessing 180 Degree Capital’s investor relations website at https://ir.180degreecapital.com.

    Certain Information Concerning the Participants

    180 Degree Capital, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the Business Combination and the Director Election Special Meeting. Information about 180 Degree Capital’s executive officers and directors is available in 180 Degree Capital’s Annual Report filed on Form N-CSR for the year ended December 31, 2024, which was filed with the SEC on February 13, 2025, and in its proxy statement for the 2024 Annual Meeting of Shareholders (“2024 Annual Meeting”), which was filed with the SEC on March 1, 2024. To the extent holdings by the directors and executive officers of 180 Degree Capital securities reported in the proxy statement for the 2024 Annual Meeting have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at https://www.sec.gov. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the 180 Degree Capital shareholders in connection with the Business Combination and the Director Election Special Meeting will be contained in the Business Combination Proxy Statement and the Director Election Proxy Statement, respectively, when each such document becomes available.

    Mount Logan, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Mount Logan in favor of the approval of the Business Combination. Information about Mount Logan’s executive officers and directors is available in Mount Logan’s annual information form dated March 13, 2025, available on its website at https://mountlogancapital.ca/investor-relations and on SEDAR+ at https://www.sedarplus.com. To the extent holdings by the directors and executive officers of Mount Logan securities reported in Mount Logan’s annual information form have changed, such changes have been or will be reflected on insider reports filed on SEDI at https://www.sedi.com/sedi/. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Mount Logan shareholders in connection with the Business Combination will be contained in the Prospectus included in the Registration Statement when such document becomes available.

    Non-Solicitation

    This letter and the materials accompanying it are not intended to be, and shall not constitute, an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

    Forward-Looking Statements

    This press release, and oral statements made from time to time by representatives of 180 Degree Capital and Mount Logan, may contain statements of a forward-looking nature relating to future events within the meaning of federal securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,” “may,” “plan,” “predict,” “project,” “would,” “forecasts,” “seeks,” “future,” “proposes,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions). Forward-looking statements are not statements of historical fact and reflect Mount Logan’s and 180 Degree Capital’s current views about future events. Such forward-looking statements include, without limitation, statements about the benefits of the Business Combination involving Mount Logan and 180 Degree Capital, including future financial and operating results, Mount Logan’s and 180 Degree Capital’s plans, objectives, expectations and intentions, the expected timing and likelihood of completion of the Business Combination, and other statements that are not historical facts, including but not limited to future results of operations, projected cash flow and liquidity, business strategy, payment of dividends to shareholders of New Mount Logan, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this press release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the ability to obtain the requisite Mount Logan and 180 Degree Capital shareholder approvals; the risk that Mount Logan or 180 Degree Capital may be unable to obtain governmental and regulatory approvals required for the Business Combination (and the risk that such approvals may result in the imposition of conditions that could adversely affect New Mount Logan or the expected benefits of the Business Combination); the risk that an event, change or other circumstance could give rise to the termination of the Business Combination; the risk that a condition to closing of the Business Combination may not be satisfied; the risk of delays in completing the Business Combination; the risk that the businesses will not be integrated successfully; the risk that synergies from the Business Combination may not be fully realized or may take longer to realize than expected; the risk that any announcement relating to the Business Combination could have adverse effects on the market price of Mount Logan’s common shares or 180 Degree Capital’s common shares; unexpected costs resulting from the Business Combination; the possibility that competing offers or acquisition proposals will be made; the risk of litigation related to the Business Combination; the risk that the credit ratings of New Mount Logan or its subsidiaries may be different from what the companies expect; the diversion of management time from ongoing business operations and opportunities as a result of the Business Combination; the risk of adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Business Combination; competition, government regulation or other actions; the ability of management to execute its plans to meet its goals; risks associated with the evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions; natural and man-made disasters; civil unrest, pandemics, and conditions that may result from legislative, regulatory, trade and policy changes; and other risks inherent in Mount Logan’s and 180 Degree Capital’s businesses. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Readers should carefully review the statements set forth in the reports, which 180 Degree Capital has filed or will file from time to time with the SEC and Mount Logan has filed or will file from time to time on SEDAR+.

    Neither Mount Logan nor 180 Degree Capital undertakes any obligation, and expressly disclaims any obligation, to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Any discussion of past performance is not an indication of future results. Investing in financial markets involves a substantial degree of risk. Investors must be able to withstand a total loss of their investment. The information herein is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The references and link to the website www.180degreecapital.com and mountlogancapital.ca have been provided as a convenience, and the information contained on such websites are not incorporated by reference into this press release. Neither 180 Degree Capital nor Mount Logan is responsible for the contents of third-party websites.

    The MIL Network –

  • MIL-OSI: New Data Presented at ADA 2025 Highlights Burden and Risk Associations of Cardiac Arrhythmias in Patients with Type 2 Diabetes and Chronic Kidney Disease

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 23, 2025 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ:IRTC) announced the results from two large-scale real-world studies presented at the American Diabetes Association’s 85th Scientific Sessions (ADA 2025). The analyses reveal that cardiac arrhythmias are common and often occur early in people with type 2 diabetes (T2D)—especially those who also have chronic kidney disease (CKD). These findings suggest a critical opportunity to enhance early detection strategies in at-risk cardiometabolic populations.

    The studies examined longitudinal claims data from over 30 million U.S. adults, providing new insights into how arrhythmias—often asymptomatic—cluster around major disease inflection points. In T2D patients, arrhythmias were frequently identified prior to or shortly after diagnoses of CKD or major adverse cardiovascular events such as stroke or heart failure.

    Cardiac arrhythmias—conditions in which the heart beats too fast, too slow, or irregularly1—are a serious public health concern. In the general U.S. population, they affect roughly 1 in 20 adults2. But in people with type 2 diabetes and chronic kidney disease—already at elevated cardiovascular risk3—new data reveal that arrhythmias occur more frequently, and often much earlier, than previously recognized.

    Left undetected, certain arrhythmias can lead to stroke, heart failure, hospitalization, or even death4-6. That’s why early detection is critical—giving clinicians a chance to act before complications arise. Yet in most diabetes care pathways, arrhythmias are not routinely screened for7, and many patients experience no symptoms at all8.

    “These findings support a growing body of evidence that heart rhythm disorders are not just late-stage complications—they often emerge much earlier, silently, and in ways that may help us better identify patients at rising risk,” said Mintu Turakhia, MD, iRhythm’s Chief Medical Officer, Chief Scientific Officer, and EVP of Product Innovation. “For patients living with diabetes and kidney disease, earlier detection of these arrhythmias may offer a window to take action before more serious events occur.”

    Cardiac Arrhythmias — Early and Frequent

    In the “Incidence of Cardiac Arrhythmias in Patients with Diabetes: A Real-World Study” (T2D-only analysis):

    • In a T2D cohort of 8.8 million individuals, over 1.1 million individuals were diagnosed with major arrhythmias.
    • 47% of arrhythmias occurred after diabetes diagnosis, with a median time of 496 days.
    • Among patients who experienced a MACE, 25% did so on or after arrhythmia detection, while 45% of MACE occurred beforehand—pointing to a complex but tightly linked risk timeline.

    In the “Incidence and Timing of Major Arrhythmias in T2D and CKD: A Real-World Analysis” (T2D + CKD population):

    • Among 3.2 million T2D patients who then received a CKD diagnosis, 670,003 (21%) developed a major arrhythmia, of which 397,359 (59%) occurred before CKD diagnosis.
    • Median time from T2D to arrhythmia was 488 days; median time from arrhythmia to MACE was 800 days.
    • Notably, 17% of patients who experienced a MACE did so within three days of their arrhythmia event.

    These findings suggest that arrhythmias are not only common in people with diabetes and kidney disease, but are often detected for the first time in close proximity to major cardiovascular events.

    Building on Prior Findings: A Broader Pattern Emerging

    These new results build upon findings presented by iRhythm at the American Heart Association’s (AHA) 2024 scientific sessions, which demonstrated that patients with diabetes and COPD who developed arrhythmias had:

    • Twice the hospitalization rate of those without arrhythmias
    • 35–50% higher emergency care costs
    • Hospital stays up to 5 days longer

    Additionally, real-world data presented at ACC.25 demonstrated that fewer than one in five patients experience a symptom coinciding with an arrhythmic episode. This reinforces the need to monitor patients based upon unique risk factors instead of symptoms.

    Across both ADA and AHA datasets, the real-world evidence shows a consistent signal: undiagnosed arrhythmias are clinically consequential and economically burdensome—and early rhythm detection could help change that trajectory.

    About the studies presented at ADA 2025

    Incidence of Cardiac Arrhythmias in Patients with Diabetes: A Real-World Study

    Type 2 Diabetes (T2D) contributes to development of arrhythmias through autonomic dysfunction, electrical remodeling, oxidative stress, and inflammation. This real-world evidence study examined the burden of arrhythmias in T2D and their temporal relationship with major cardiovascular events (MACE). Using a national claims database (Symphony Integrated Dataverse), study investigators identified adults with T2D (2014–2024) experiencing arrhythmias, their timing relative to T2D onset, and associations with cardiometabolic comorbidities. Among 8.8 million adults with T2D (median age: 60 years; 46% male, 54% female), a total of 1.14 million individuals developed a major arrhythmia (Table 1). Of these, 43% occurred prior to T2D; 57% developed on or after T2D. The median time to arrhythmia post T2D was 496 days (range: 1–2,007 days). Hypertension was present in 20%; 38% had at least one metabolic risk factor (chronic kidney disease, dyslipidemia, liver dysfunction, or obesity); 25% experienced a MACE either at the time of or following arrhythmias (median time:1 day; range: 0–1,925 days). MACE occurred in 45% of patients preceding the diagnosis of arrhythmia (median time: 542 days; range: 1–2,373 days). The findings highlight the burden of arrhythmias in T2D and the association between arrhythmias and MACE. Further investigations are warranted to elucidate the potential strategies for early diagnosis, risk stratification and intervention.

    Incidence and Timing of Major Arrhythmias in T2D and CKD: A Real-World Analysis

    Type 2 diabetes (T2D) is a leading cause of chronic renal disease (CKD). Despite strong links between T2D, CKD, and cardiovascular disease (CV), the incidence and timing of major arrhythmias in this high-risk population remains unclear. This study examined the incidence, timing, and risk associations of major arrhythmias in T2D-CKD patients. Study investigators analyzed Symphony Integrated Dataverse (2018-2024) claims data on adults with CKD (stages 1-4) following T2D, assessing arrhythmia occurrence, timing, and metabolic/CV risk factors. Among 3.2 million T2D patients subsequent CKD diagnosis (51% females, median age 73; 49% males, median age 72), 670,003 (21%) developed major arrhythmias, mainly atrial fibrillation (AF). In 59%, arrhythmias preceded CKD (56% males, median age 73; 44% females, median age 74). Median time from T2D to arrhythmia: 488 days (1-2,362); arrhythmia to CKD: 462 days (1-2,368); arrhythmia to MACE: 800 days (2-2,348). When arrhythmias followed CKD (54% males, median age 75; 46% females, median age 76), CKD-to-arrhythmia median time: 355 days (1-2,003). MACE occurred in 17% (54% males, 46% females; median age 76) within three days of arrhythmia, CKD-to-MACE median time: 461 days (1-1,998). Findings reveal that arrhythmias are common in T2D-CKD and strongly linked to MACE, suggesting that identifying shared mechanisms between T2D, CKD, and arrhythmias requires innovative diagnostic approaches, including continuous ambulatory EKG monitoring to drive early intervention and precision therapies.

    About iRhythm Technologies
    iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all.

    Media Contact
    Kassandra Perry
    irhythm@highwirepr.com

    Investor Contact
    Stephanie Zhadkevich
    investors@irhythmtech.com

    1. What is an arrhythmia? National Heart Lung and Blood Institute, 2022. https://www.nhlbi.nih.gov/health/arrhythmias
    2. Desai et al. Arrhythmias. StatPearls [Internet], 2023. https://www.ncbi.nlm.nih.gov/books/NBK558923/
    3. Swamy S, Noor SM, Mathew RO. Cardiovascular Disease in Diabetes and Chronic Kidney Disease. J Clin Med, 2023. https://pmc.ncbi.nlm.nih.gov/articles/PMC10672715/
    4. Ataklte et al. Meta-analysis of ventricular premature complexes and their relation to cardiac mortality in general populations. The American Journal of Cardiology, 2013.
    5. Lin et al. Long-Term Outcome of Non-Sustained Ventricular Tachycardia in Structurally Normal Hearts. PLOS ONE, 2016.
    6. Wolf et al. Atrial fibrillation as an independent risk factor for stroke: the Framingham Study. Stroke, 1991.
    7. Bhave, P. D., & Soliman, E. Z. (2024). Should patients with diabetes be routinely screened for atrial fibrillation? Expert Review of Cardiovascular Therapy, 22(1–3), 5–6. https://doi.org/10.1080/14779072.2024.2328645
    8. mSToPS Clinical Trial Demonstrates Zio by iRhythm Significantly Improves Health Outcomes for At-Risk Patient Populations, iRhythm Technologies, 2021. www.irhythmtech.com/company/news/irhythm-technologies-and-the-national-association-of-managed-care-physicians-partner-to-study-the-value-of-ambulatory-cardiac-monitoring-solutions-0.

    The MIL Network –

  • MIL-OSI: High Roller Technologies to Present at the Small Cap Growth Virtual Investor Conference June 26th

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 23, 2025 (GLOBE NEWSWIRE) — High Roller Technologies, Inc. (“High Roller” and the “Company”) (NYSE: ROLR), operator of award-winning premium online casino brands High Roller and Fruta, today announced that Seth Young, SVP Corporate Strategy & Investor Relations, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on June 26th, 2025

    DATE: June 26th
    TIME: 12:00 PM ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: July 1, 2025

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    About High Roller Technologies, Inc.

    High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.

    As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    High Roller Technologies, Inc.

    ir@highroller.com

    800-460-1039

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: 51Talk Online Education Group to Present at the Small Cap Growth Virtual Investor Conference June 26th, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 23, 2025 (GLOBE NEWSWIRE) — 51Talk Online Education Group (NYSE American: COE), based in Singapore, focused on global online education, today announced that David Chung, the Company’s investor relations vice president, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on June 26th, 2025.

    DATE: June 26th, 2025
    TIME: 9:30 a.m. EDT
    LINK: REGISTER HERE

    Available for 1×1 meetings: June 26th, 2025

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Gross billings for the first quarter of 2025 were US$21.9 million, a 74.6% growth from the first quarter of 2024.
    • Net revenues were US$18.2 million for the first quarter of 2025, a 93.1% increase from US$9.4 million for the first quarter of 2024.
    • The number of active students with attended lesson consumption was approximately 81,100 in the first quarter of 2025, representing a 75.5% increase from approximately 46,200 for the first quarter of 2024.

    About 51Talk Online Education Group

    51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms enable students to take live interactive English lessons, on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    51Talk Online Education Group
    David Chung
    Investor Relations Vice President
    davidchung@51talk.com
    Jinling Wang
    Investor Relations Manager
    wangjinling@51talk.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI Africa: The proposed Transformation Fund levels the economic playing field for emerging black businesses

    Source: South Africa News Agency

    By Parks Tau 

    In 1994, South Africa inherited an economy that was structurally designed to exclude the vast majority of South Africans. Apartheid’s distorted policies had created a dual economy: one of wealth and privilege and another of poverty and exclusion.

    This calculated economic strategy, structured along racial lines, created white-owned mines, farms, and factories while many black South Africans languished on the fringes of the economy in an underdeveloped informal sector.

    Their meaningful participation in our nation’s wealth was further eroded by discriminatory laws that restricted Black South Africans from owning land, accessing quality education, and entering skilled professions.

    These economic distortions which were implemented over hundreds of years continue to plague our nation today as we grapple with one of the highest levels of economic inequality in the world, worsened by alarmingly high unemployment, especially among Black youth.

    The country’s Gini coefficient of 0.63 shows that our nation’s income remains unevenly distributed, with the top 10 percent of the population holding more than 85 percent of household wealth. This persistent disparity undermines the development of an inclusive economy where all citizens participate and benefit.

    The transformation we seek is about positive change and is the only logical path to long-term growth and the reduction of inequality. In deracialising ownership across our economy, we open more opportunities for black people, in particular women and the youth.

    While the Constitution guides our work in creating a society with equal opportunities, we require a deliberate removal of structural obstacles to draw more people into the economy and mechanisms that advance our constitutional commitment to economic redress and transformation.

    In this regard, government plans to introduce the Transformation Fund to help level the economic playing field for emerging Black businesses, particularly those in key economic sectors such as manufacturing, agriculture and tourism who struggle to secure funding due to stringent lending requirements.

    The fund will provide financial support, infrastructure and capacity-building to Black-owned businesses – in particular Small, Medium and Micro Enterprises, women and youth entrepreneurs, and people living with disabilities – who are often locked out of meaningful economic participation due to their lack of access to capital.

    In fostering greater access to capital, business owners can invest in equipment, hire skilled staff, expand into new markets and ultimately quicken the pace of transformation in South Africa’s economy. It is also expected to stimulate meaningful economic activities across all regions of our country.

    A similar transformation initiative took place in South Korea, whose government actively worked with companies in the country to address market failures. Local businesses known as Chaebol were guaranteed loans from the banking sector, backed by the government. In the late 1980s, this led to rapid industrialisation with Chaebol businesses dominating the industrial sector in manufacturing, trading and heavy industries

    There was also great success in Malaysia’s empowerment initiative, demonstrating what can be achieved through transformation. The country in 1970 found itself in a similar position we face today and began to transform its society and economy through economic empowerment. Its empowerment plan, the National Economic Policy, assisted with the redistribution of the country’s wealth to the indigenous Malays known as Bumiputeras. Today Malaysia is among the richest countries in Southeast Asia by GDP per capita.  

    The Transformation Fund we are proposing will operate through a transparent application process, where qualifying businesses as well as partnerships, can apply for funding based on the project’s potential for social impact, sustainability, and alignment with national development goals.

    The fund will be anchored in contributions already made to the Enterprise Supplier Development and Equity Equivalent Investment Programme as part of our nation’s B-BBEE policy.  While no additional contributions are required over and above those made under our B-BBEE commitments, the voluntary co-funding by government and business of our transformation efforts can quicken the change we want in our economy.

    In supporting the Transformation Fund, both the public and private sectors stand to benefit from the investment in future suppliers, customers, and innovators who will, in turn build resilience and relevance in a fast-changing society.

    In advancing the establishment of the fund, it is proposed that the fund will be managed by a dedicated governance structure to ensure transparency. A Special Purpose Vehicle will be established to ensure accountability to an Oversight Committee and a board that possesses the required skills and capacity.

    The fund’s draft concept document was released for public comment on 19 March 2025 and the comment period concluded on 28 May 2025. South Africans are encouraged to continue to actively engage on the fund, and more details can be found on the website www.dtic.gov.za.

    Government plans to have the fund operational by the end of the year and capacitated with R100 billion. Once operational, it will assist in helping to bring real change in our economy and the lives of people. Let us turn transformation from a concept into practice as we make a real difference in others’ lives and create a fairer society.

    *Parks Tau is the Minister of Trade, Industry and Competition

    MIL OSI Africa –

  • MIL-OSI: High Arctic Overseas Announces Executive Appointment

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

    CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) — High Arctic Overseas Holdings Corp. (TSXV: HOH) (“High Arctic Overseas” or the “Corporation”) is pleased to announce the appointment of Matthew Cocks as Chief Financial Officer (“CFO”) effective June 24, 2025, subject to TSX Venture Exchange approval.

    Mr. Cocks initially joined the Corporation in October 2023 as VP-Finance responsible for the PNG Business to provide financial leadership and strengthen the finance and accounting processes in preparation of the spin-out from High Arctic Energy Services Inc.

    Mr. Cocks has over 20 years of experience in broad financial leadership positions including substantial periods in senior and executive roles of private and public companies, including significant experience in resources, construction, manufacturing and logistics businesses. Mr. Cocks is a Chartered Accountant with an extensive background in financial stewardship, strategic planning and analysis, change and risk management, controls design and implementation and building and developing international finance teams.

    Mike Maguire, Chief Executive Officer, stated: “I am pleased to welcome Matt to the executive management team at High Arctic. Matt’s 20-plus years of wide-ranging financial management expertise in international markets and in services to the extractive industries will be invaluable to the Corporation as we look to diversify and expand our PNG business. I would also like to thank Lonn Bate for his guidance and support as Interim CFO since the spin-out and establishment of the Corporation. Lonn can now focus fully on his duties as CFO of High Arctic Energy Services Inc.”

    About High Arctic ‎Overseas Holdings Corp.

    High Arctic Overseas is a market leader in Papua New Guinea providing drilling and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material handling and drilling support equipment.

    For further information, please contact:
    Mike Maguire
    Chief Executive Officer
    1.587.320.1301

    High Arctic Overseas Holdings Corp.
    Suite 2350, 330–5th Avenue SW
    Calgary, Alberta, Canada T2P 0L4
    www.higharctic.com
    Email: info@higharctic.com

    Some of the statements in this press release, including those relating to TSXV Venture Exchange approval of the appointment of a new CFO, and the diversification and expansion of the Corporation’s business, that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Corporation. These statements are not historical facts but instead represent only the Corporation’s expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Corporation’s most recent annual MD&A and the Corporation’s continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Corporation does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

    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 MIL Network –

  • MIL-OSI: Bitcoin Solaris Confirms Major Exchange Listing Ahead of Public Launch

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 23, 2025 (GLOBE NEWSWIRE) — For months, the crypto market has been searching for clarity. While most coins rely on vague promises or recycled narratives, one project is quietly building momentum with precision, community strength, and now, a major exchange catalyst that could unlock a wave of liquidity, Bitcoin Solaris (BTC-S). With one of the most explosive presales of the year already underway and a confirmed LBank listing on the horizon, BTC-S is emerging as one of the most strategic altcoin opportunities heading into mid-2025.

    LBank Listing: The Spark That Changes the Trajectory

    Bitcoin Solaris has officially confirmed it will be listed on LBank, one of the most globally active centralized exchanges. For those unfamiliar, LBank is known for offering liquidity to high-growth projects that are on the verge of breaking into the mainstream. Its user base, particularly strong in Asia and Latin America, is large, engaged, and responsive to promising tokens with well-built fundamentals.

    The LBank listing isn’t just a technical step; it’s a market-defining move. It brings:

    • Immediate liquidity for early BTC-S holders
    • Exposure to millions of new users who missed the presale
    • Deeper market depth and trading volume potential
    • A psychological shift from “upcoming project” to “active coin with utility”

    More importantly, it sets the stage for Bitcoin Solaris to enter the open market at $20 per token, which is more than double the current presale phase price of $9. The window to enter before this transition is narrowing fast.

    Introducing Bitcoin Solaris: Designed for Scale, Speed, and Real Usage

    What makes Bitcoin Solaris stand out isn’t just the hype or price projections. It’s the architecture. BTC-S is a dual-layer blockchain combining Proof-of-Work on the base layer for raw security with Delegated Proof-of-Stake on the Solaris Layer for blazing-fast transactions and scalability.

    This hybrid structure allows Bitcoin Solaris to hit:

    • 10,000+ transactions per second
    • 2-second finality on smart contracts
    • 99.95% less energy use compared to Bitcoin
    • High validator rotation and slashing mechanisms for security

    It doesn’t stop at performance. BTC-S is also built for inclusivity. Mining can be done directly through the upcoming Solaris Nova App, turning everyday smartphones, laptops, or desktops into mining devices.

    And with the LBank listing near, this daily-earned BTC-S can soon be traded instantly, giving miners real-time liquidity, a feature rarely available in new ecosystems.

    Roadmap: This Isn’t Just Talk, It’s Execution

    While many tokens stall after the presale, Bitcoin Solaris is moving forward at full speed. The development roadmap provides a clear and credible path to launch and beyond.

    Here’s a look at what’s unfolding:

    • Phase 1 (Q2–Q4 2025): Token generation, presale launch, protocol development, and global community building
    • Phase 2 (Q1 2026): Testnet deployment, wallet upgrades, dual-layer optimization, and Solana integration
    • Phase 3 (Q2 2026): Final mainnet testing, centralized and decentralized exchange listings, and dev toolkits
    • Phase 4 (Q3 2026): Mainnet launch, AI-powered Solaris Nova App release, and advanced governance
    • Phases 5–8 (2026–2028): Mining Power Marketplace, enterprise integration, DEX development, and global expansion via blockchain public services and AI-powered upgrades

    Every part of the roadmap is designed to not only support BTC-S as a token but also grow it into a full-scale DeFi-capable infrastructure.

    The Future of DeFi Doesn’t Run on Hype, It Runs on BTC-S

    Presale: Final Phases Before the $20 Public Launch

    The presale is more than 80% complete, and momentum is accelerating as the LBank listing draws near. Now in Phase 9, Bitcoin Solaris is rapidly closing in on its final stage.

    Here’s what buyers need to know:

    • Current Price: $9
    • Next Phase: $10
    • Confirmed Launch Price: $20
    • Bonus: 7% for current participants
    • Over 12,300+ buyers have already joined
    • More than $5 million raised
    • Less than 6 weeks remain

    This isn’t a long-drawn-out fundraising round. The Bitcoin Solaris presale lasts only 90 days, making it one of the shortest and most effective in the space. It’s structured to finish strong and go live fast. And with the LBank listing just ahead, the urgency to buy in at sub-$10 levels is growing daily.

    What Influencers Are Saying

    The market isn’t the only one taking notice. Leading crypto analysts and influencers have started to cover Bitcoin Solaris, and they’re excited.

    • Crypto Vlog: Focused on BTC-S’s mining design and mobile accessibility
    • Crypto League: Highlighted the LBank listing and performance metrics
    • Crypto Show: Called it “one of the hottest presales launching this year”

    These independent reviews continue to validate what early supporters already believe: Bitcoin Solaris is the real deal.

    Final Verdict

    The LBank listing is more than a milestone. It’s the start of Bitcoin Solaris becoming a publicly traded, globally accessible asset. As traders prepare to buy BTC-S on open markets at $20, presale participants still have a short window to enter at $9 and capture up to 150% ROI.

    Backed by a powerful roadmap, real technology, and a mining system designed for mass adoption, Bitcoin Solaris isn’t just a presale story. It’s shaping up to be the next major launch of 2025.

    For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
     Telegram: https://t.me/Bitcoinsolaris
     X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/678f7c64-68e6-4a48-b17a-71d89126213c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ad5cfb07-e488-41ae-94e4-6d72f16a634a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1f6f4467-b28e-4784-bf41-cb4cc5e2a379

    https://www.globenewswire.com/NewsRoom/AttachmentNg/64ed1b17-3433-44f6-8919-0878a09733c9

    The MIL Network –

  • MIL-OSI: CERo Therapeutics Holdings, Inc. Announces First Patient Completes Dose-Limiting Toxicity Observation Period with No Reported DLTs in Phase 1 Trial of CER-1236

    Source: GlobeNewswire (MIL-OSI)

    SOUTH SAN FRANSCISCO, Calif., June 23, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc. (Nasdaq: CERO) (“CERo” or the “Company”), an immunotherapy company developing the next generation of engineered T cell therapeutics targeting TIM4L with phagocytic mechanisms, today announces the completion of the initial evaluation of the first patient in its Phase 1 clinical trial of lead compound CER-1236. Following an evaluation from the trial’s Dose Escalation Safety Committee, preliminary results show that the patient demonstrated no dose limiting toxicity. The Company anticipates dosing the second patient in the cohort shortly.

    CERo CMO Robert Sikorski MD., PhD. noted, “The first patient experienced no dose-limiting toxicities during the planned 28-day observation period following the successful manufacturing of CER-1236 from an AML patient. A second AML patient has been identified and has provided informed consent for participation in the trial.”

    CERo CEO Chris Ehrlich added, “Given that CER-1236 is a first-in-class biologic targeting a previously unexplored pathway, each milestone reached is significant. We remain focused on progressing methodically through each phase of this trial and are preparing to initiate our second trial of CER-1236 in solid tumors later this year. We continue to believe CER-1236 holds significant potential as a novel approach in cancer therapy and look forward to providing future updates.”

    CER-1236 is currently in Phase 1 clinical trials for AML. The first-in-human, multi-center, open label, Phase 1/1b study, titled, “Phase 1/1b First-in-human Study of Autologous Chimeric Engulfment Receptor T-Cell CER-1236 in Patients With Acute Myeloid Leukemia (CertainT-1),” is designed to evaluate the safety and preliminary efficacy of CER-1236 in patients with acute myeloid leukemia that is either relapsed/refractory, or in remission with measurable residual disease, or newly diagnosed patients with TP53 mutated MDS/AML or AML. The two-part study has begun with dose escalation to determine highest tolerated dose and recommended dose for Phase 2, followed by an expansion phase to evaluate safety and efficacy. Primary outcome measures include incidence of adverse events (AEs) and serious adverse events (SAEs), incidence of dose limited toxicities and estimation of overall response rate (ORR), complete response (CR), composite complete response (cCR), and measurable residual disease (MRD). Secondary outcome measures include pharmacokinetics (PK).

    About CERo Therapeutics Holdings, Inc.

    CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes that this differentiated activity of CER-T cells could afford greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy. In April 2025, CERo initiated clinical trials for its lead product candidate, CER-1236, targeting TIM4L in both hematologic malignancies and solid tumors

    Forward-Looking Statements

    This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for future operations of CERo and CERo’s ability to regain compliance with Nasdaq continued listing standards. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “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. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

    Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on April 15, 2025 and its subsequent Quarterly Reports on Form 10-Q, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contact:
    Chris Ehrlich
    Chief Executive Officer
    cehrlich@cero.bio

    Investors:
    CORE IR
    investors@cero.bio

    The MIL Network –

  • MIL-OSI: Gate’s Nearly 70% MoM Growth in Derivatives Volume Tops Global Charts, Featured in CoinDesk’s Latest Report

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, June 23, 2025 (GLOBE NEWSWIRE) — Gate has once again demonstrated its strong momentum and competitive edge in the crypto trading landscape, as highlighted in CoinDesk’s latest 2025 Exchange Review. The report, recognized as one of the most authoritative and data-driven assessments in the industry, named Gate as the best-performing derivatives exchange by month-on-month growth.

    According to CoinDesk Data, Gate’s derivatives trading volume surged by 69.9% in May, reaching $264 billion, the highest growth rate among all tracked platforms. This exceptional performance led to a 1.20% increase in market share, bringing Gate’s total derivatives market share to 4.13%, surpassing several long-established competitors. This milestone reinforces Gate’s position as a rising leader in the derivatives space, driven by its advanced trading infrastructure, deep liquidity, and commitment to providing a seamless user experience for both retail and institutional users.

    CoinDesk also noted that Gate was among the few exchanges that significantly climbed in the latest Exchange Benchmark rankings, alongside Binance and Kraken. Gate now ranks among the top three exchanges in the Derivatives Benchmark, scoring 82.6. Gate’s continued growth reflects its long-term strategy of innovation, product diversification, and global expansion. As one of the few exchanges to consistently grow both trading volume and market share, Gate is proving its ability to thrive in a competitive, evolving market environment.

    In addition to its trading performance, CoinDesk also recognized Gate as one of the top four global exchanges by total reserves. As of June 2025, Gate’s reserves reached $10.453 billion, covering more than 350 different user assets. The overall reserve ratio stood at 123.09%, with an excess reserve of $1.96 billion. Gate has long been a pioneer in reserve transparency and remains the first exchange to commit to 100% reserve holdings. Notably, its BTC reserve ratio reached 138.7%, while ETH and USDT reserves stood at 113.06% and 112.95% respectively. Other key assets such as GT, DOGE, and XRP also far exceeded the 100% benchmark, reinforcing Gate’s reputation for financial soundness and user protection. From being one of the first to commit to 100% reserves to introducing zero-knowledge proofs, Gate has consistently driven innovation at the intersection of technology and security.

    According to the CoinDesk report, Gate’s industry influence has also expanded through its high-profile partnership with Oracle Red Bull Racing. Beginning with the 2025 Formula 1 season, the Gate brand is featured prominently on the team’s car, race suits, and the helmet of four-time World Champion Max Verstappen. The partnership represents a bold cross-industry collaboration that blends the speed and precision of Formula 1 with the innovation and momentum of Web3. To commemorate this alliance, Gate launched a co-branded digital collectibles campaign, “IN THE MOMENT”, celebrating historic highlights from all 24 race weekends with immersive, on-chain experiences. This marks a flagship entry into sports-themed digital assets and further exemplifies Gate’s commitment to bridging Web2 and Web3 culture.

    May was also a landmark month in Gate’s brand evolution. The exchange officially launched its new global domain, Gate.com, and unveiled a redesigned brand logo, marking a significant milestone in its journey to become the next-generation crypto exchange. This strategic rebranding initiative, introduced shortly after Gate’s 12th anniversary celebrations, reflects the platform’s renewed vision: to move beyond technical excellence and into global innovation leadership. As part of this transition, Gate also introduced its new Chinese name, “大门” (Damen), symbolizing a welcoming gateway to the future of crypto for users worldwide. The new domain and visual identity aim to unify Gate’s global brand presence and further enhance user trust across all markets.

    Gate’s strong performance across multiple metrics in the report, combined with sustained growth in trading volume, industry-leading reserve transparency, a revitalized global brand identity, and an expanding global presence, solidifies its position as one of the most trusted and forward-looking players in the crypto industry. CoinDesk’s latest recognition underscores Gate’s remarkable achievements and reinforces its commitment to shaping the future of digital finance as a true industry leader.

    About Gate
    Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 27 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter.
    For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube

    Media Contact:
    Loyo at loyo@gate.com 

    Disclaimer:
    This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via https://www.gate.com/user-agreement.

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7516b483-d894-4566-82b3-80f5a6fbf1f6

    The MIL Network –

  • MIL-OSI United Kingdom: UK Trade Envoy visits Pakistan to boost trade

    Source: United Kingdom – Government Statements

    World news story

    UK Trade Envoy visits Pakistan to boost trade

    The UK Trade Envoy to Pakistan, Mohammad Yasin MP, has begun a 3-day visit to Karachi and Islamabad to encourage investment and long-term economic co-operation.

    The visit follows the UK’s launch of its Growth Mission and Modern Industrial Strategy. Invest 2035 sets out a ten-year plan to provide certainty and stability for businesses in high growth sectors such as clean energy, digital technologies, life sciences and advanced manufacturing.

    Over 200 British companies are operating in Pakistan, with the top five contributing around one percent of Pakistan’s GDP. The UK is Pakistan’s largest European trading partner and top source of foreign direct investment.

    Mohammad Yasin MP, UK Trade Envoy to Pakistan, said:

    “The UK and Pakistan already enjoy deep commercial ties, but there is much more we can achieve together. It is a place close to my heart, and I have seen over many years the enormous potential to help both our countries prosper. During my visit, I look forward to supporting efforts that unlock new opportunities and drive growth.”

    Mr Yasin will meet senior government stakeholders including Jawad Paul, Secretary for Commerce, and Minister Chaudhry Salik Hussain, Federal Minister for Overseas Pakistanis. He will also meet business leaders to strengthen trade and encourage investment.

    Mr Yasin’s visit will help pave the way for the UK-Pakistan Trade Dialogue, due to launch later this year. The Dialogue will offer a platform to grow exports, increase investment flows, address business environment concerns and identify opportunities for greater market access.

    For updates on the British High Commission, please follow our social media channels:

    Updates to this page

    Published 23 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Nano Labs Plans to Apply for License for HKD and Offshore RMB Stablecoin Businesses

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 23, 2025 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced that it plans to apply for relevant licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses in partnership with other entities, following the official enactment of the Hong Kong Stablecoins Bill (the “Stablecoins Bill”).

    In parallel, Nano Labs plans to develop a technical framework for stablecoins, focusing on blockchain networks such as Bitcoin and Binance Coin (the “BNB”). Nano Labs looks forward to forming strategic partnerships and providing strong support to foster the development of both the stablecoin ecosystem and the broader Web 3.0 industry.

    On May 21, 2025, the Legislative Council of Hong Kong passed the Stablecoins Bill, establishing a licensing regime for fiat-referenced stablecoin (“FRS”) issuers and reinforcing Hong Kong’s role as a global financial hub for digital assets. On June 6, 2025, the Hong Kong government published a notice in the Gazette appointing August 1, 2025 as the effective date for the Stablecoins Ordinance.

    About Nano Labs Ltd

    Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, it has established Bitcoin value investment and adopted Bitcoin as primary reserve asset. Nano Labs has established an integrated solution platform covering three main business verticals, including HTC solutions and HPC solutions. The HTC solutions feature its proprietary Cuckoo series chips, which have become alternative Application-Specific Integrated Circuit (“ASIC”) solutions for traditional GPUs. Nano Lab’s Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s website at: ir.nano.cn.

    *        According to an industry report prepared by Frost & Sullivan.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

    For investor inquiries, please contact:

    Nano Labs Ltd
    ir@nano.cn

    Ascent Investor Relations LLC
    Tina Xiao
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network –

  • MIL-OSI: Fengate appoints Darcy Wilson as transportation lead 

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 23, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate) today announced the appointment of Darcy Wilson as Managing Director, Transportation, further expanding its infrastructure senior team and signaling the firm’s continued growth in the United States (U.S.). 

    Based in Fengate’s Houston office, Wilson will lead the transportation strategy to bring the firm’s aviation, road, rail, logistics, and maritime expertise to projects and companies across the U.S. and Canada.

    “Fengate has a strong portfolio of transportation assets on both sides of the border, and Darcy’s industry knowledge and experience will best position the firm to secure deals where we can add the greatest value for communities, the environment, and our investors,” said Mac Bell, Managing Director, Infrastructure Investments and head of Fengate’s social and transportation group. 

    “I am thrilled to join the growing Fengate business to lead their transportation strategy. I look forward to working with the Fengate team to invest in attractive opportunities in transportation infrastructure projects and companies that generate strong returns for investors,” said Wilson. 

    Wilson brings significant transportation investment experience to Fengate, including sourcing, assessing, and executing investments into operating businesses. Prior to joining Fengate, Wilson was with Duration Capital Partners where he was a founding member upon its spin out of Oaktree Capital Management (Oaktree).  

    He previously led Oaktree’s investments in Signature Aviation, OTG Management, and STG Logistics, and served on the board of STG Logistics. Prior to Oaktree, Wilson was with Highstar Capital and J.P. Morgan’s investment banking group in New York. 

    His appointment follows the firm’s announcement of a digital infrastructure head in April. 

    About Fengate 

    Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $7 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com. 

    Media contact 

    Maddison Sharples 
    Vice President, Communications and Marketing 
    +1 416 254 3326 
    maddison.sharples@fengate.com 

    The MIL Network –

  • MIL-OSI: Abacus Global Management Announces New Corporate Commercial Campaign at Recent Investor Day in NYC

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., June 23, 2025 (GLOBE NEWSWIRE) — Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, announced the public launch of their new corporate-focused commercial campaign on June 12th, 2025, at their Investor Day and Longevity Summit held at Nasdaq in New York City.

    The campaign is centered around Abacus’ positioning as a visionary leader in longevity-based asset management. In the commercial, Abacus CEO Jay Jackson depicts the Company’s mission to “reframe the very nature of financial planning around the most personal data point possible: your lifespan.”

    Jackson said, “This launch represents our commitment to being at the forefront of providing longevity-based financial solutions to our clients. With our proprietary longevity data, Abacus is uniquely positioned to lead this market evolution.”

    The commercial is now live on national television across all major markets.

    Watch the commercial here.

    Forward-Looking Statements
    All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus’s ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ‎‎”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

    While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the ‎fact that Abacus’s loss reserves are bases on estimates and may be inadequate to cover ‎its actual losses; the failure to properly price Abacus’s insurance policies; the ‎geographic concentration of Abacus’s business; the cyclical nature of Abacus’s industry; the ‎impact of regulation on Abacus’s business; the effects of competition on Abacus’s business; the failure of ‎Abacus’s relationships with independent agencies; the failure to meet Abacus’s investment ‎objectives; the inability to raise capital on favorable terms or at all; the ‎effects of acts of terrorism; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.

    These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with ‎the U.S. Securities and Exchange Commission from time to time, including the Annual ‎Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent ‎periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance 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 Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.

    About Abacus
    Abacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.

    Contacts:
    Marketing & Communications
    Jeff Smith – Chief Marketing Officer
    jeff@abacusgm.com
    (407) 988-1088

    Blake Gallimore – Director of Corporate Marketing & Communications
    blake@abacusgm.com
    (321) 344-2118

    Investor Relations
    Robert F. Phillips – SVP Investor Relations and Corporate Affairs
    rob@abacusgm.com
    (321) 290-1198

    David Jackson – Director of IR/Capital Markets
    david@abacusgm.com
    (321) 299-0716

    Abacus Global Management Public Relations
    press@abacusgm.com

    The MIL Network –

  • MIL-OSI: Oportun Issues Letter to Stockholders Detailing CEO Raul Vazquez’s Record of Proven Leadership

    Source: GlobeNewswire (MIL-OSI)

    Urges stockholders to vote “FOR” Mr. Vazquez and Carlos Minetti on the GREEN proxy card

    SAN CARLOS, Calif., June 23, 2025 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today issued a letter to stockholders detailing the experience and proven leadership record of its Director candidate and CEO Raul Vazquez, who has driven Oportun’s growth and transformation and is successfully executing a strategy to deliver improved operational performance and stockholder value.

    The Board of Directors strongly urges all Oportun stockholders to vote “FOR” Oportun’s two highly qualified nominees, Mr. Vazquez and Carlos Minetti, using the GREEN proxy card or GREEN voting instruction form. The letter to stockholders and other important information related to the Annual Meeting can be found at VoteForOportun.com.

    The full text of the letter to stockholders follows:

    Dear Fellow Stockholders,

    This year’s Annual Meeting of Stockholders of Oportun Financial Corporation is fast approaching. The meeting will be held on July 18, 2025, and you can vote online or by mail using the instructions on the enclosed GREEN proxy card.

    At this year’s Annual Meeting, stockholders have an important choice to make. One of Oportun’s stockholders, Findell Capital Management, LLC, is seeking to remove Oportun’s CEO, Raul Vazquez, from the Board of Directors and replace him with someone who we believe is far less qualified.

    This would be a serious mistake. Mr. Vazquez has valuable skills, experience and institutional knowledge that make him an exceptional CEO and effective Board member. He has a proven track record of leading large operations while driving technological innovation and fostering high-performance cultures, both at Oportun and in prior roles, and he has played a vital role in setting Oportun’s new strategic direction and driving the Company’s growth and transformation. He is deeply committed to Oportun’s success, and as a top ten Oportun stockholder who has made significant out-of-pocket stock purchases beyond his executive compensation plan, his interests are firmly aligned with those of stockholders.

    Mr. Vazquez Has a Track Record of Effective Leadership

    Before joining Oportun, Mr. Vazquez spent nine years with Walmart Inc., where he held a variety of senior leadership roles. Walmart, like Oportun, serves a diverse customer base, with particular strength among value-conscious and lower-to-middle income households.

    As EVP and President of Walmart West, Mr. Vazquez oversaw a division generating more than $60 billion in revenue and comprising more than 1,000 stores across 23 states. As CEO of Walmart.com, he led a period of significant growth where he helped shape and scale Walmart’s global e-commerce strategy, transforming the platform into the most visited brick-and-mortar retailer website.

    Mr. Vazquez Has Driven Oportun’s Growth and Transformation

    Mr. Vazquez was appointed CEO of Oportun in 2012. As the oldest son of Mexican immigrants, he has a deep personal connection to Oportun’s core customer and a strong belief in the Company’s mission to empower hardworking individuals to build better futures. Joining Oportun represented an opportunity to bring his deep expertise in retail, operations and digital innovation as well as his people-centered leadership approach to an industry where he believed he could make a meaningful difference.

    At the time, Oportun was struggling to raise debt and equity from external sources at the levels necessary to maintain its market position and continue operations.

    Amid these challenges, Mr. Vazquez took swift and decisive action, crafting a strategic plan to revitalize and scale the business. Under his leadership, Oportun transformed from a small, regional lender reliant on a network of physical retail locations into a national, digitally-driven company positioned for sustained growth and profitability. Mr. Vazquez also has led the Company’s expansion from two states to 41 states and into adjacent products, including secured loans and savings products. Together, these initiatives have enabled the Company to grow its loan portfolio from $100 million in 2012 to approximately $3 billion today.

    When macroeconomic conditions shifted abruptly and unexpectedly in early 2022, Mr. Vazquez worked proactively with the Board to strengthen and reposition the Company by reducing costs, streamlining operations and realigning strategic priorities. Importantly, these initiatives were developed independently of Findell and were announced two months before the Board had any knowledge that Findell was a stockholder.

    These vital actions to reposition the Company, and our focus on execution, are delivering improved financial performance. In 2024, Oportun returned to originations growth, delivered improved credit metrics and reduced its operating expense ratio. That strong momentum continued during the first quarter of this year and, supported by a more efficient cost structure and stronger credit performance, we believe Oportun is well-positioned to deliver strong financial results in 2025. Importantly, this progress has been recognized by the market, with total stockholder returns significantly outperforming both peers and the broader markets over recent time periods.

    Other Organizations Have Recognized Mr. Vazquez’s Leadership and Qualifications

    Under Mr. Vazquez’s leadership, Oportun has received national recognition by leading publications for its innovation and impact:

    • Oportun has consistently been recognized as a top workplace, including by the San Francisco Chronicle for the past seven years and by regional and national publications for the past ten years;
    • Fast Company named Oportun one of the World’s Most Innovative Companies and a Top Ten Most Innovative Company in 2020;
    • TIME magazine included Oportun on its list of “50 Businesses Inventing the Future” in 2018;
    • Mr. Vazquez was honored as the EY Entrepreneur of The Year® 2018 National Award winner in the Financial Services category.

    In 2013, Mr. Vazquez joined the Board of Directors of Staples, Inc., and in 2016 he was appointed to the Board of Directors of Intuit, a global financial technology company with a market capitalization of more than $200 billion. The Chairs of both public companies have praised Mr. Vazquez for his leadership experience, strategic vision, and deep understanding of the consumer:

    “Raul brings a nice range of financial services, retail, technology and community development expertise… With a great reputation as a game changer, Raul’s vast experience across local, regional, state, federal and international levels of engagement and diverse perspective will be of great value to our board.”

    Intuit
    Brad Smith, Former Chairman and CEO
    May 4, 2016

    “[Raul] is a multi-channel veteran with deep digital expertise and leadership experience in retail, marketing and operations. His global e-commerce perspective would be particularly valuable as we focus on rapidly increasing online sales as part of our strategic reinvention.”

    Staples
    Ron Sargent, Former Chairman CEO
    April 4, 2013

    Beyond his public board experience, Mr. Vazquez previously served on the Board of the National Association for Latino Community Asset Builders, the Consumer Financial Protection Bureau’s Consumer Advisory Board, and as Chair of the Federal Reserve Board’s Community Advisory Council.

    Replacing Mr. Vazquez with Findell’s Candidate Would be a Mistake

    As part of its annual evaluation process, the Board, which includes two individuals recommended by Findell, recently completed a comprehensive review of Mr. Vazquez’s performance. Following that review, the Board unanimously concluded that Mr. Vazquez is the best person to lead the Company forward. Supplanting the Board’s unanimous judgment and removing Mr. Vazquez from the Board – especially at a time when the Company’s performance is improving and its momentum is building – would be a mistake.

    In our view, Findell’s candidate, Warren Wilcox, is no substitute for Mr. Vazquez. Mr. Wilcox has no public company CEO experience, limited experience serving low- and middle-income customers and has not served on a public company board in over a decade. Replacing Mr. Vazquez with Mr. Wilcox would jeopardize the continuity, leadership and business insight needed to continue our progress and momentum. With all of Oportun’s proxy peers and approximately 97% of Russell 3000 boards including the company’s CEO1, removing Mr. Vazquez would also be highly unusual and send a disruptive message to employees, stockholders and other stakeholders.

    We Ask for Your Support

    We encourage you to visit VoteForOportun.com to learn more about the Company’s progress and our plan to ensure that our strong momentum continues. We believe you will reach the same conclusion as our Board: that Mr. Vazquez is the right leader for Oportun and that his reelection is the best way to protect and enhance stockholder value.

    We urge stockholders to support Oportun’s CEO, Mr. Vazquez, and Oportun’s other nominee, Carlos Minetti, by voting for each of them on the GREEN proxy card today.

    Sincerely,
    The Oportun Financial Corporation Board of Directors

    If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies:

    INNISFREE M&A INCORPORATED
    (877) 800-5195 (toll-free from the U.S. and Canada) or
    +1 (412) 232-3651 (from other countries)

    About Oportun

    Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $19.7 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members save an average of more than $1,800 annually. For more information, visit Oportun.com.

    Cautionary Statement on Forward-Looking Statements

    Certain statements in this communication are “forward-looking statements”. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this communication, including statements as to our future performance, financial position and our strategic initiatives, and the Annual Meeting, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for the year ended December 31, 2024, as well as our subsequent filings with the SEC. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.

    Investor Contact
    Dorian Hare
    (650) 590-4323
    ir@oportun.com

    Innisfree M&A Incorporated
    Scott Winter / Gabrielle Wolf / Jonathan Kovacs
    (212) 750-5833

    Media Contact
    FGS Global
    John Christiansen / Bryan Locke
    Oportun@fgsglobal.com

    ______________________
    1 Source: Bloomberg

    The MIL Network –

  • MIL-OSI: Topnotch Crypto Unveils Exclusive XRP Cloud Mining Contracts with Instant Rewards and Flexible Terms

    Source: GlobeNewswire (MIL-OSI)

    New York, June 23, 2025 (GLOBE NEWSWIRE) — As the XRP community eagerly awaits significant price movements, Topnotch Crypto, a leading innovator in cloud mining solutions, today announced the launch of its new suite of XRP cloud mining contracts. Designed to provide immediate value and flexible earning opportunities, these contracts allow XRP holders to generate consistent daily income, regardless of market volatility.

    Despite continued anticipation for XRP to reach new highs, the asset has demonstrated periods of consolidation. Topnotch Crypto’s new XRP cloud mining contracts offer a strategic avenue for investors to maximize their holdings by earning passive income during these phases.

    “We understand the patience and dedication of the XRP community,” said a spokesperson for Topnotch Crypto. “Our new XRP cloud mining contracts are tailored to empower holders, offering a straightforward and efficient way to earn predictable returns daily, turning waiting periods into earning opportunities. We are committed to providing top-notch solutions that align with the evolving needs of the crypto market.”

    Harnessing the Power of XRP Cloud Mining with Topnotch Crypto

    Topnotch Crypto’s cloud mining platform removes the traditional barriers to cryptocurrency mining, such as expensive hardware, technical complexities, and high electricity costs. Utilizing advanced infrastructure and AI-driven optimization, Topnotch Crypto simulates yield through a fully remote and streamlined process.

    Key Features of Topnotch Crypto’s XRP Cloud Mining Contracts:

    • No Hardware, No Hassle: Participate in XRP mining without the need for specialized equipment or technical expertise.
    • Daily Payouts: Receive mining rewards credited directly to your account every day, ensuring predictable cash flow.
    • Robust Security: Benefit from Topnotch Crypto’s industry-leading security protocols, safeguarding your assets with utmost care.
    • Flexible Contract Options: Choose from a variety of short-term and long-term contracts designed to suit diverse investment strategies and risk appetites.

    Diverse Plans for Every Investor Profile:

    Topnotch Crypto offers a range of XRP cloud mining contracts, catering to both new and experienced investors:

    • Classic contract: suitable for novices to try, short cycle, experience the complete process.
    • Steady contract: balance income and cycle, suitable for users who want stable accumulation.
    • Advanced contract: suitable for long-term coin holders, get higher computing power configuration and better income.
    • Click here to view complete contract details

    These flexible options provide XRP holders with a practical approach to stay engaged in the ecosystem and generate steady returns as the token builds momentum.

    Why Choose Topnotch Crypto for XRP Mining?

    • 100% Remote Access: Activate and manage your mining plans from anywhere, anytime, with just an internet connection.
    • Advanced AI Optimization: Our proprietary AI ensures optimized yield and profitability, even during market fluctuations.
    • Transparent Daily Rewards: Enjoy clear and predictable XRP payouts that enhance your portfolio’s cash flow and mitigate volatility risks.
    • Dedicated Support: Access a responsive customer support team ready to assist with any queries.

    Getting Started with Topnotch Crypto is Simple:

    1. Register a platform account and you will receive $15, and you will receive a $0.6 reward for daily sign-in
    2. Select Your Contract: Browse our range of XRP cloud mining contracts and choose the one that fits your goals.
    3. Start Earning: Activate your chosen plan and begin receiving daily XRP rewards automatically.

    Topnotch Crypto is committed to making cryptocurrency mining accessible and profitable for everyone. Our platform is built on a foundation of security, efficiency, and user-centric design, allowing users to mine leading cryptocurrencies without the need for expensive rigs or in-depth technical knowledge.

    Don’t wait for the next XRP rally to start earning. Explore the future of XRP mining with Topnotch Crypto today at https://topnotchcrypto.com

    About Topnotch Crypto:

    Topnotch Crypto is a pioneering force in the cloud-based cryptocurrency mining industry, dedicated to democratizing access to passive income opportunities. With a focus on secure, AI-powered, and environmentally conscious infrastructure, Topnotch Crypto empowers users worldwide to mine popular cryptocurrencies through an intuitive and efficient platform.

    More information:

    Official website: https://topnotchcrypto.com

    APP download: https://topnotchcrypto.com/xml/index.html#/app

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining involves risks, including the potential loss of principal. It is strongly recommended that you perform your own due diligence and consult with a professional financial advisor before making any investment or trading decisions in cryptocurrencies and securities.

    The MIL Network –

  • MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company

    Source: GlobeNewswire (MIL-OSI)

    • ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
    • Equity investors have immediate exposure to bitcoin based on structure of financing transactions
    • Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public

    New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

    At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet. Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes, the largest initial fundraise in history for a public bitcoin treasury company.

    Leading institutional and bitcoin-native investors participating in the financing transactions include Magnetar Capital, Woodline Partners LP, Anson Funds, RK Capital, Off the Chain Capital, Parafi, Blockchain.com, Arrington Capital, BSQ Capital Partners, and FalconX. Industry veterans such as Mark Yusko, Jason Williams, Eric Semler, Tony Guoga, and Matteo Franceschetti participated as well.

    ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. ProCap Financial plans to use its bitcoin balance sheet to generate revenue and profit through a variety of strategies.

    ProCap Financial will be led by Anthony Pompliano, who has invested in more than 300 private companies and is one of the leading voices on bitcoin globally.

    “The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”

    “From day one we sought to partner with a platform and a leader that could develop a transformative organization – and we found that in ProCap BTC and Anthony Pompliano,” said Gary Quin, CEO of CCCM. “Anthony’s track record as an innovative investor, operator, and early advocate in the bitcoin ecosystem speaks for itself. We believe his deep expertise and relentless conviction will help continue to transform an industry undergoing rapid evolution.”

    Terms of the Proposed Business Combination and Financing Transactions

    The proposed business combination (the “Business Combination”) between ProCap BTC, LLC (“ProCap BTC”) and Columbus Circle Capital Corp. I (“CCCM”) will result in ProCap Financial, Inc. (“ProCap Financial”) being a publicly listed company. In connection with the Business Combination, ProCap BTC sold $516.5 million of non-voting preferred units to investors in a private placement (the “Preferred Equity Raise”) and ProCap Financial secured commitments for $235 million in senior secured convertible notes (the “Convertible Notes”) from investors in a private placement (the “Convertible Debt Raise”, together with the Business Combination and the Preferred Equity Raise, the “Proposed Transactions”). At the closing of the Business Combination (the “Closing”), any funds remaining in the CCCM trust account will be delivered to ProCap Financial. The full proceeds of the CCCM Trust Account, assuming no trust redemptions at or prior to Closing, is included in the up to $1 billion expected to be used to purchase bitcoin for ProCap Financial’s balance sheet.

    The Preferred Equity Raise was funded contemporaneously with the execution of the definitive agreements. ProCap BTC agreed to purchase bitcoin (the “BTC Assets”) using the aggregate amount of funds raised in the Preferred Equity Raise within fifteen days of the date of signing the definitive agreements. The BTC Assets will be held in a custodial account until the completion of the Business Combination, providing future shareholders of ProCap Financial with immediate exposure to bitcoin rather than waiting until after the Closing.

    The Convertible Notes will be funded at the close of the Business Combination and have a 130% conversation rate, zero interest rate, and maturity of up to 36 months. The Convertible Notes will be 2x collateralized by cash, cash equivalents or a portion of the bitcoin purchased with the proceeds from the Proposed Transactions. U.S. Bank National Trust, N.A. will serve as collateral agent and trustee with regard to the Convertible Notes and associated indenture and guarantee arrangements.

    At the Closing, former security holders of CCCM and former unit holders of ProCap BTC (“ProCap Holders”) will receive, as consideration in the Business Combination, newly-issued securities of ProCap Financial. The number of ProCap Financial shares issuable to the ProCap Holders at Closing will depend on the value of the BTC Assets measured as of a date shortly before the Closing, subject to a cap, and provided, also, that the ProCap Holders that are investors in the Preferred Equity Raise (as defined herein) will, at a minimum, receive such number of ProCap Financial shares as represents 1.25 times the number of preferred units delivered to such investors upon consummation of the Preferred Equity Raise, based on the trade weighted average price of the BTC Assets, as further described in the definitive agreements for the Proposed Transactions (the “Transaction Agreements”).

    Prior to entering into the definitive agreement, the proposed Business Combination has been approved by the board of directors of CCCM and by the board of managers of ProCap BTC. The terms of the Transaction Agreements, including covenants and conditions to Closing reasonably customary for similar transactions, including that the Proposed Transactions and their terms be approved by requisite CCCM shareholders and by the sole voting unit holder of ProCap BTC, an entity owned and controlled by Pompliano.

    The parties expect to consummate the Proposed Transactions prior to the end of 2025, after the submission for review by the U.S. Securities & Exchange Commission (the “SEC”) of a registration statement on Form S-4 to register applicable securities issuable by ProCap Financial upon consummation of the proposed Business Combination. The parties intend to take actions necessary for the Convertible Notes, upon issuance in connection with the Closing, to have an associated 144A CUSIP number on the issue date to facilitate potential post-Closing trading amongst QUIBS, but are not expected to otherwise be registered or tradeable.

    The terms of the Proposed Transactions described in this release, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the Transaction Agreements and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to Closing. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Advisors

    Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) is acting as exclusive financial advisor to ProCap BTC.

    Cohen & Company and Clear Street LLC are serving as joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    Reed Smith LLP is acting as legal advisor for ProCap BTC, LLC and ProCap Financial, Inc. in connection with the Proposed Transactions.

    Ellenoff Grossman & Schole LLP is acting as legal advisor to CCCM in connection with the Proposed Transactions. Ogier is acting as special Cayman Islands counsel to CCCM.

    Morgan, Lewis & Bockius LLP is acting as legal advisor to the joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    About ProCap BTC, LLC and ProCap Financial, Inc.

    ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

    About Columbus Circle Capital I
    Columbus Circle Capital Corp. I (NASDAQ: CCCM) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.

    About Cohen & Company

    Cohen & Company is J.V. B. Financial Group, LLC’s full-service boutique investment bank based in New York City that provides high-touch services across strategic advisory, mergers & acquisitions, and capital markets transactions. Cohen & Company merges boutique attentiveness with institutional scale. Learn more at https://www.cohencm.com/.  J.V. B. Financial Group, LLC is an indirect controlled subsidiary of Cohen & Company Inc, a financial services company specializing in an expanding range of capital markets and asset management services. Cohen and Company Inc has approximately $2.3 billion of assets under management. 

    About Clear Street

    Clear Street Investment Banking provides a full suite of strategic advisory, transactions and creative capital solutions to companies and investors across high-growth sectors including technology, healthcare, energy and beyond. Clear Street Investment Banking is part of Clear Street, the cloud-native financial services firm delivering financing, derivatives, execution and more to power client success. Learn more at https://www.clearstreet.io/investment-banking.

    Additional Information and Where to Find It

    ProCap Financial, Inc. (“ProCap Financial”) and Columbus Circle Capital Corp. I (“CCCM”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of CCCM and a prospectus (the “Proxy Statement/Prospectus”) in connection with the proposed business combination between ProCap BTC, LLC (“ProCap BTC”) and CCCM (the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. ProCap Financial and/or CCCM will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM’s SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor New York, NY 10019, e-mail: IR@ColumbusCircleCap.com; or upon written request to ProCap Financial, Inc., 600 Lexington Ave., Floor 2, New York, NY 10022.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    The offer and sale of the convertible notes to be issued by ProCap Financial and the preferred units of ProCap BTC sold in connection with the Proposed Transactions has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.

    Participants in Solicitation

    CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM’s shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM’s securities are, or will be, contained in CCCM’s filings with the SEC, including the final prospectus for CCCM’s initial public offering filed with the SEC on May 19, 2025. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM’s shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC’s and ProCap Financial’s respective directors or managers and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by ProCap Financial and CCCM with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets held by ProCap BTC and ProCap Financial, the price and volatility of bitcoin, bitcoin’s growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial’s listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial’s ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM’s public shareholders, and ProCap Financial’s expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM’s securities; the risk that the Proposed Transactions may not be completed by CCCM’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM’s shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock of ProCap Financial to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial’s anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial’s stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, ProCap Financial experiences difficulties managing its growth and expanding operations; the risks that launching and growing ProCap Financial’s bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial’s business plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which ProCap Financial’s common stock will be listed or by the SEC, which may impact ProCap Financial’s ability to list ProCap Financial’s common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC.

    The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of CCCM dated as of May 15, 2025 and filed by CCCM with the SEC on May 19, 2025, CCCM’s Quarterly Reports on Form 10-Q and CCCM’s Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that will be filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

    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 each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC, or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

    The terms of the Proposed Transactions described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the definitive business combination agreement and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to closing of the Proposed Transactions. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Media Contacts

    Ebony Lewkovitz
    ebony@edencommunications.com 

    Larissa Bundziak
    larissa@edencommunications.com 

    IR@ColumbusCircleCap.com

    The MIL Network –

  • MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company

    Source: GlobeNewswire (MIL-OSI)

    • ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
    • Equity investors have immediate exposure to bitcoin based on structure of financing transactions
    • Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public

    New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

    At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet. Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes, the largest initial fundraise in history for a public bitcoin treasury company.

    Leading institutional and bitcoin-native investors participating in the financing transactions include Magnetar Capital, Woodline Partners LP, Anson Funds, RK Capital, Off the Chain Capital, Parafi, Blockchain.com, Arrington Capital, BSQ Capital Partners, and FalconX. Industry veterans such as Mark Yusko, Jason Williams, Eric Semler, Tony Guoga, and Matteo Franceschetti participated as well.

    ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. ProCap Financial plans to use its bitcoin balance sheet to generate revenue and profit through a variety of strategies.

    ProCap Financial will be led by Anthony Pompliano, who has invested in more than 300 private companies and is one of the leading voices on bitcoin globally.

    “The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”

    “From day one we sought to partner with a platform and a leader that could develop a transformative organization – and we found that in ProCap BTC and Anthony Pompliano,” said Gary Quin, CEO of CCCM. “Anthony’s track record as an innovative investor, operator, and early advocate in the bitcoin ecosystem speaks for itself. We believe his deep expertise and relentless conviction will help continue to transform an industry undergoing rapid evolution.”

    Terms of the Proposed Business Combination and Financing Transactions

    The proposed business combination (the “Business Combination”) between ProCap BTC, LLC (“ProCap BTC”) and Columbus Circle Capital Corp. I (“CCCM”) will result in ProCap Financial, Inc. (“ProCap Financial”) being a publicly listed company. In connection with the Business Combination, ProCap BTC sold $516.5 million of non-voting preferred units to investors in a private placement (the “Preferred Equity Raise”) and ProCap Financial secured commitments for $235 million in senior secured convertible notes (the “Convertible Notes”) from investors in a private placement (the “Convertible Debt Raise”, together with the Business Combination and the Preferred Equity Raise, the “Proposed Transactions”). At the closing of the Business Combination (the “Closing”), any funds remaining in the CCCM trust account will be delivered to ProCap Financial. The full proceeds of the CCCM Trust Account, assuming no trust redemptions at or prior to Closing, is included in the up to $1 billion expected to be used to purchase bitcoin for ProCap Financial’s balance sheet.

    The Preferred Equity Raise was funded contemporaneously with the execution of the definitive agreements. ProCap BTC agreed to purchase bitcoin (the “BTC Assets”) using the aggregate amount of funds raised in the Preferred Equity Raise within fifteen days of the date of signing the definitive agreements. The BTC Assets will be held in a custodial account until the completion of the Business Combination, providing future shareholders of ProCap Financial with immediate exposure to bitcoin rather than waiting until after the Closing.

    The Convertible Notes will be funded at the close of the Business Combination and have a 130% conversation rate, zero interest rate, and maturity of up to 36 months. The Convertible Notes will be 2x collateralized by cash, cash equivalents or a portion of the bitcoin purchased with the proceeds from the Proposed Transactions. U.S. Bank National Trust, N.A. will serve as collateral agent and trustee with regard to the Convertible Notes and associated indenture and guarantee arrangements.

    At the Closing, former security holders of CCCM and former unit holders of ProCap BTC (“ProCap Holders”) will receive, as consideration in the Business Combination, newly-issued securities of ProCap Financial. The number of ProCap Financial shares issuable to the ProCap Holders at Closing will depend on the value of the BTC Assets measured as of a date shortly before the Closing, subject to a cap, and provided, also, that the ProCap Holders that are investors in the Preferred Equity Raise (as defined herein) will, at a minimum, receive such number of ProCap Financial shares as represents 1.25 times the number of preferred units delivered to such investors upon consummation of the Preferred Equity Raise, based on the trade weighted average price of the BTC Assets, as further described in the definitive agreements for the Proposed Transactions (the “Transaction Agreements”).

    Prior to entering into the definitive agreement, the proposed Business Combination has been approved by the board of directors of CCCM and by the board of managers of ProCap BTC. The terms of the Transaction Agreements, including covenants and conditions to Closing reasonably customary for similar transactions, including that the Proposed Transactions and their terms be approved by requisite CCCM shareholders and by the sole voting unit holder of ProCap BTC, an entity owned and controlled by Pompliano.

    The parties expect to consummate the Proposed Transactions prior to the end of 2025, after the submission for review by the U.S. Securities & Exchange Commission (the “SEC”) of a registration statement on Form S-4 to register applicable securities issuable by ProCap Financial upon consummation of the proposed Business Combination. The parties intend to take actions necessary for the Convertible Notes, upon issuance in connection with the Closing, to have an associated 144A CUSIP number on the issue date to facilitate potential post-Closing trading amongst QUIBS, but are not expected to otherwise be registered or tradeable.

    The terms of the Proposed Transactions described in this release, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the Transaction Agreements and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to Closing. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Advisors

    Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) is acting as exclusive financial advisor to ProCap BTC.

    Cohen & Company and Clear Street LLC are serving as joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    Reed Smith LLP is acting as legal advisor for ProCap BTC, LLC and ProCap Financial, Inc. in connection with the Proposed Transactions.

    Ellenoff Grossman & Schole LLP is acting as legal advisor to CCCM in connection with the Proposed Transactions. Ogier is acting as special Cayman Islands counsel to CCCM.

    Morgan, Lewis & Bockius LLP is acting as legal advisor to the joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    About ProCap BTC, LLC and ProCap Financial, Inc.

    ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

    About Columbus Circle Capital I
    Columbus Circle Capital Corp. I (NASDAQ: CCCM) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.

    About Cohen & Company

    Cohen & Company is J.V. B. Financial Group, LLC’s full-service boutique investment bank based in New York City that provides high-touch services across strategic advisory, mergers & acquisitions, and capital markets transactions. Cohen & Company merges boutique attentiveness with institutional scale. Learn more at https://www.cohencm.com/.  J.V. B. Financial Group, LLC is an indirect controlled subsidiary of Cohen & Company Inc, a financial services company specializing in an expanding range of capital markets and asset management services. Cohen and Company Inc has approximately $2.3 billion of assets under management. 

    About Clear Street

    Clear Street Investment Banking provides a full suite of strategic advisory, transactions and creative capital solutions to companies and investors across high-growth sectors including technology, healthcare, energy and beyond. Clear Street Investment Banking is part of Clear Street, the cloud-native financial services firm delivering financing, derivatives, execution and more to power client success. Learn more at https://www.clearstreet.io/investment-banking.

    Additional Information and Where to Find It

    ProCap Financial, Inc. (“ProCap Financial”) and Columbus Circle Capital Corp. I (“CCCM”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of CCCM and a prospectus (the “Proxy Statement/Prospectus”) in connection with the proposed business combination between ProCap BTC, LLC (“ProCap BTC”) and CCCM (the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. ProCap Financial and/or CCCM will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM’s SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor New York, NY 10019, e-mail: IR@ColumbusCircleCap.com; or upon written request to ProCap Financial, Inc., 600 Lexington Ave., Floor 2, New York, NY 10022.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    The offer and sale of the convertible notes to be issued by ProCap Financial and the preferred units of ProCap BTC sold in connection with the Proposed Transactions has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.

    Participants in Solicitation

    CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM’s shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM’s securities are, or will be, contained in CCCM’s filings with the SEC, including the final prospectus for CCCM’s initial public offering filed with the SEC on May 19, 2025. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM’s shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC’s and ProCap Financial’s respective directors or managers and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by ProCap Financial and CCCM with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets held by ProCap BTC and ProCap Financial, the price and volatility of bitcoin, bitcoin’s growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial’s listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial’s ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM’s public shareholders, and ProCap Financial’s expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM’s securities; the risk that the Proposed Transactions may not be completed by CCCM’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM’s shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock of ProCap Financial to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial’s anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial’s stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, ProCap Financial experiences difficulties managing its growth and expanding operations; the risks that launching and growing ProCap Financial’s bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial’s business plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which ProCap Financial’s common stock will be listed or by the SEC, which may impact ProCap Financial’s ability to list ProCap Financial’s common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC.

    The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of CCCM dated as of May 15, 2025 and filed by CCCM with the SEC on May 19, 2025, CCCM’s Quarterly Reports on Form 10-Q and CCCM’s Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that will be filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

    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 each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC, or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

    The terms of the Proposed Transactions described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the definitive business combination agreement and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to closing of the Proposed Transactions. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Media Contacts

    Ebony Lewkovitz
    ebony@edencommunications.com 

    Larissa Bundziak
    larissa@edencommunications.com 

    IR@ColumbusCircleCap.com

    The MIL Network –

  • MIL-OSI Europe: OSCE organizes study trip to Poland for representatives of the General Prosecutor’s Office

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE organizes study trip to Poland for representatives of the General Prosecutor’s Office

    Meeting between the delegation from the General Prosecutor’s Office of Uzbekistan and the State Labour Inspection of Poland (OSCE) Photo details

    From 16 to 20 June, the OSCE Project Co-ordinator in Uzbekistan (PCUz) organized a study visit to Poland for a delegation from the General Prosecutor’s Office of the Republic of Uzbekistan to gain insights into Poland’s policies, legislative frameworks and best practices in reducing the shadow economy.
    During their visit to Poland, the delegation engaged with a range of institutions, including the Ministry of Finance, the State Labour Inspection and the Central Anti-Corruption Bureau. Meetings with labour inspectors, prosecutors, anti-corruption bodies and financial regulatory authorities focused on detecting informal employment, evaluating informal economy, improving enforcement mechanisms and strengthening interagency co-ordination.
    The delegation explored digital tools for economic monitoring, such as electronic reporting and real-time data exchange systems, as well as customs controls to prevent illicit trade. They also examined how Poland’s Social Insurance Institution uses data and incentives to promote formal employment.
    The study visit provided valuable insights into Poland’s integrated approach to tackling the shadow economy through regulation, technology and institutional co-operation. The visit continues the PCUz’s support for Uzbekistan’s good economic governance reforms.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Clean energy future to be ‘built in Britain’

    Source: United Kingdom – Executive Government & Departments

    Press release

    Clean energy future to be ‘built in Britain’

    Government publishes its Clean Energy Industries Sector Plan to ensure the clean energy revolution is built in Britain.

    • Government publishes landmark plan to capture the immense jobs and growth opportunities of the clean energy economy
    • Plan will double down on Britain’s strengths as a coastal nation and scientific superpower, bringing jobs to industrial heartlands and coastal communities through Plan for Change
    • Further £700 million for Great British Energy to invest in clean energy supply chains and ensure the clean energy revolution is built in Britain

    Communities across Britain will benefit from good jobs and investment in the clean energy economy, as the government today (Monday 23 June) publishes its Clean Energy Industries Sector Plan to ‘build it in Britain’.

    Clean energy is the economic opportunity of the twenty-first century, and thanks to the government’s clean energy mission, investment is booming in the UK, with over £40 billion of private investment in clean energy announced since July.

    This landmark plan, developed with industry, trade unions, and workers across all regions of the country, sets the UK on a path to unleash the tidal wave of jobs and investment that clean energy can bring, with the government targeting at least a doubling of current investment levels across our frontier Clean Energy Industries to over £30 billion per year by 2035.

    It comes after the Spending Review confirmed the biggest programme of investment in homegrown energy in UK history – from launching a golden age of nuclear with funding to build Sizewell C nuclear power station on the Suffolk coast and small modular reactors, to £9.4 billion for carbon capture industries.

    Energy Secretary Ed Miliband said:

    This government is doubling down on Britain’s clean power strengths as we build this new era of clean energy abundance, helping deliver good jobs, energy security and lower household bills.

    The UK’s pitch is clear – build it in Britain. Power the world.

    Great British Energy Chief Executive Dan McGrail said:

    Great British Energy will help the UK win the global race for clean energy jobs and growth by investing in homegrown supply chains and ensuring key infrastructure parts are made here in Britain.

    We are working closely with businesses across the clean energy sector to invest in areas of strategic need and will get funding out as fast as possible to get new projects off the ground.

    As part of this plan, Great British Energy will have an additional £700 million to help build manufacturing facilities here at home for key components for the clean power revolution like floating offshore platforms, electric cables, and cutting-edge hydrogen infrastructure. This builds on Great British Energy’s initial £300 million for offshore wind supply chains, which the Energy Secretary confirmed last week has already catalysed a further £700 million from industry and The Crown Estate. With today’s additional funding, this brings total public and private funding in clean energy supply chains to £1.7 billion. This investment will unlock thousands of jobs, kickstarting growth in coastal communities and industrial towns, and secure a cleaner, more independent energy future for Britain.

    Lucy Yu, CEO and founder of the Centre for Net Zero, has also been announced as the government’s Clean Energy AI Champion – helping to drive the adoption of AI across the UK’s clean energy sector and accelerate the net zero transition.

    The Clean Industry Bonus – the financial reward scheme for offshore wind developers to invest in homegrown, cleaner supply chains – could also be expanded to more sectors, such as hydrogen and onshore wind. This will ensure clean energy investment is directed to regions that need it most, including traditional oil and gas communities, ex-industrial areas and coastal communities.

    The Industrial Strategy sets out how Britain’s strengths make it the natural home for clean power industries: as a coastal nation, a scientific and innovation superpower, with strengths in high-value manufacturing and a skilled energy workforce to match.

    Read the Clean Energy Industries Sector Plan.

    Stakeholders

    Martin Pibworth, Chief Executive designate at SSE plc, said:

    The government’s industrial strategy is a welcome signal of long-term thinking and ambition – doubling down on homegrown energy is the right thing for security, resilience and affordability, making the most of the UK’s competitive geographical and technical advantages in renewables in particular.

    It’s exactly the kind of commitment that gives industry the confidence to deliver at pace and scale, and with important decisions on energy policy expected in the weeks ahead, we hope to see a continued focus on unlocking investment that drives growth.

    As the UK’s clean energy champion, SSE is investing £17.5 billion over 5 years to 2027 – building the infrastructure, creating high-quality jobs, supporting the supply chain and driving the innovation needed to deliver a net zero economy.

    Jon Butterworth, CEO of National Gas, said:

    The Industrial Strategy makes clear the scale of economic opportunity within the clean energy sector. As an essential enabler for all growth sectors, we warmly welcome the Clean Energy Industries Sector Plan which will position Britain as a world leader in technologies like hydrogen and carbon capture.

    As Britain’s national gas network, we believe technologies like hydrogen and carbon capture will attract major investment, creating highly-skilled jobs across the country, as well as decarbonising our existing industries and bolstering energy security.

    We welcome the recent commitments and recognition shown by the government on the role of green gases and Britain’s national gas network and look forward to working in partnership to deliver the clean energy economy of the future.

    Steve Foxley, Chief Executive of the Offshore Renewable Energy Catapult, said:

    Wind energy is not only a critical enabler of Net Zero as the foundation of our future clean energy system but also a once-in-a-generation industrial growth opportunity. Through clear pathways from research and development to commercialisation and deployment, the UK’s Modern Industrial Strategy will capitalise on our long history of innovation to not only attract critical manufacturing investment, creating thousands of highly skilled jobs the length and breadth of the country, but also ensure our energy security in an otherwise increasingly uncertain world.

    Chris Norbury, Chief Executive of E.ON UK

    We welcome the government’s bold ambition to put clean energy at the centre of the UK’s industrial strategy. This is a once-in-a-generation opportunity to grow the economy, strengthen energy security and create skilled, secure jobs across the country.

    Our £2 billion UK investment plan is already driving forward decarbonisation, digitalisation and green skills, including through our Net Zero Academy and over 1,300 apprenticeships since 2018.

    This strategy is a chance to accelerate that progress with the right clarity, long-term investment signals and genuine partnership between government, cities and industry. If we get this right, Britain can lead the world in clean energy and deliver real meaningful benefits to every household and business.

    Paul Nowak, General Secretary of the Trades Union Congress (TUC) said:

    We welcome the government’s Clean Energy Sector Plan and its clear commitment to creating high-quality, secure jobs – not just any jobs.

    The explicit pledge to a new generation of good industrial jobs will strike a chord with workers from Teesside to Merseyside, many of whom felt left abandoned by the last government’s failure to act.

    We strongly support the launch of the UK’s first-ever Clean Energy Workforce Strategy – a vital recognition that workers are central to both our economy and the clean energy transition.

    By prioritising sectors like nuclear fusion, nuclear fission, and offshore wind, the government is showing a serious commitment to a balanced, resilient energy mix.

    The TUC backs the ambition to ‘Build it in Britain. Power the World’ and stands ready to help make it a reality.

    Charlotte Brumpton-Childs, National Officer at GMB:

    This strategy is a welcome shift, recognising that Britain’s clean energy future must be built here, by skilled workers in secure, union jobs. For too long, energy policy has meant offshoring opportunity and hollowing out industry.

    If delivered properly, this plan could help turn that tide. GMB will work to make sure these promises translate into real investment, real jobs, and a just transition that puts working people at the heart of our industrial future.

    Sue Ferns, Senior Deputy General Secretary at Prospect union said:

    Boosting clean energy is not only an important mission in its own right, it is central to the success of every other sector. It is welcome to see the government doubling down on this mission, focusing investment on key technologies like renewables and nuclear energy, and recognising the key role that trade unions play as partners in this strategy.

    Securing the investment is important, but perhaps the biggest challenge in this area is around the workforce. The energy workforce is undergoing an unprecedented transition, which creates opportunities for many but also serious challenges that need to be addressed.

    Delivering on this strategy in a way which creates prosperity and supports jobs will require the government’s forthcoming energy workforce plan to be as ambitious as possible and fully backed by all parts of government.

    David Hall, VP, Power Systems, Schneider Electric, said:

    The Clean Energy Industries Sector Plan will help to provide much needed certainty for businesses and investors. We welcome the recognition of electricity networks as a ‘foundational sector’ and look forward to working with the Government to develop an electricity networks growth plan.

    We also welcome the commitment to phasing out SF6 gas – a potent greenhouse gas – from switchgear. Regulatory certainty on this issue is key for manufacturers like Schneider Electric who are committed to invest in our domestic capabilities and support the decarbonisation of the grid.

    Schneider Electric is a key supplier of the electrical infrastructure powering the UK’s electricity networks. Over the past two years we have invested almost £50 million to further boost the UK’s domestic supply chain, including investing £42 million to build a brand new factory in Scarborough, North Yorkshire.

    Vattenfall’s UK Country Manager, Claus Wattendrup, said:

    The government is right to back clean energy as a growth engine for UK jobs and skills. Offshore wind already supports over 50,000 UK jobs and is scaling up fast through initiatives like the Offshore Wind Industrial Growth Plan, and we now await the government’s Onshore Wind strategy to help unlock even more investment, jobs, and energy security.

    We must avoid own-goals along the way, however: the benefits of district heating must not be overlooked, whereas zonal pricing in Great Britain risks future investments without cutting bills.

    Dhara Vyas, CEO of Energy UK, said:

    Energy UK welcomes the government’s new Industrial Strategy and Clean Energy Industries sector plan, which rightly recognise the pivotal role energy will play across the whole economy, powering growth through digitalisation and electrification, boosting regional prosperity and delivering economic security and resilience.

    Stable, affordable energy prices will help ensure that the UK remains a competitive place to do business, and in an increasingly uncertain global operating environment, clean power will deliver energy security. Focussing on priority technologies where the UK has global expertise will deliver a strong competitive advantage for our businesses and economy.

    We know the investment necessary to decarbonise the economy will mostly be funded by the private sector. Clarity on government policy, removal of the barriers to investment and targeted support are all essential to meet this ambition.

    Jane Cooper, Deputy CEO of RenewableUK, said:

    Today’s industrial strategy identifies clean energy as one of the sectors with the highest growth opportunity, and we are going to see tens of billions of pounds of new investment in wind energy, grid and hydrogen in the coming years. With that new infrastructure comes a golden opportunity to secure new jobs, manufacturing, innovation and exports, in the growing industrial clusters across the UK, in areas like the Humber, Scotland, South Wales, the South West and Teesside.

    There are already nearly 2,000 companies in the UK who have benefitted from contracts to deliver work in the wind energy sector. Collectively, wind energy currently employs 55,000 people, a figure which has risen by a quarter from two years ago. By keeping a laser focus, as this Industrial Strategy does, on unlocking investment, remaining competitive, and supporting UK companies to innovate and grow, the offshore wind supply chain alone could boost the UK economy by £25 billion over the next decade.

    The opportunity and vision is there, now government needs to ensure they deliver on the critical aspects of this industrial strategy. Most notably for renewables, that means ensuring the next two contract for difference allocation round are as successful as possible, clearing large volumes of projects in a stable market framework to reduce costs. This is essential if we want to attract investment in the UK’s supply chain, skills and capabilities.

    Claire Mack OBE, Chief Executive of Scottish Renewables, said:

    Placing clean energy at the heart of the new industrial strategy is a vote of confidence in the enormous economic growth potential of Scotland’s renewable energy industry and supply chain. The scale of opportunity is clear with sectors like offshore wind expected to generate £35 billion for the economy, helping to deliver good jobs and energy security.

    Scottish Renewables has been urging the UK government to be bold in removing barriers to investment and we’re pleased to see the ambition outlined in this strategy, including measures to build a grid fit for the future, drive competitive supply chains and grow exports.

    In the years ahead, success will be seen in the delivery of new clean energy infrastructure, thriving supply chains and skilled jobs across Scotland. Our industry stands ready to continue meeting that challenge head on.

    Olivia Powis, CEO of the Carbon Capture and Storage Association (CCSA), said:

    We are delighted to see the Government’s continued commitment to Carbon Capture, Utilisation & Storage (CCUS), including Greenhouse Gas Removals (GGRs), as a frontier industry. This rightly positions CCUS and GGRs as a core pillar in delivering on three vital national objectives: reaching net zero, driving regional growth, and strengthening economic security.

    The UK’s CCUS industry stands ready to deliver and is pleased to see government’s prioritisation of cross-border CO₂ transport and storage networks in the North Sea, recognising the significant economic benefits for both UK and EU CCUS projects. This builds on the positive momentum from the recent UK-EU Summit – alongside the support confirmed in the Spending Review.

    Following these government commitments, a clear timetable for deployment is essential to secure investment, as well as investment in scaling up supply chains and growing the workforce needed to deliver at pace. With continued partnership between government and industry, CCUS can anchor a new era of sustainable industrial growth – one that revitalises communities, boosts energy resilience and ensures the UK leads in tackling climate change.

    Charlotte Lee, Chief Executive of the Heat Pump Association said:

    It is great to see heat pumps, and by association heating systems, being listed as a frontier industry within the plan and identified as one of six areas with the highest growth potential.

    With a new Heat Pump Investment Accelerator Competition confirmed, £13.2 billion recently announced for the Warm Homes Plan alongside a clear timeline for the introduction of the Future Homes Standard and a pledge to expand heat networks, it is clear the government are committed to enhancing the UK’s energy security by decarbonising heat from buildings.

    Whilst we await the detail within the Warm Homes Plan, this strategy sets clear intentions for the sector, and the HPA will continue to work closely with government to support their missions to break down barriers to investment and deliver nationwide growth.

    Clare Jackson, CEO at Hydrogen UK, said

    The UK can, and should, lead the world in hydrogen, creating jobs and skills, driving economic growth, and lowering emissions. With hydrogen as a key pillar, the Industrial Strategy and Clean Energy Industries Sector Plan are welcome, positive steps forward to achieving that goal, with strong policy signals and funding to match.

    The Clean Energy Industries Sector Plan in particular acknowledges hydrogen’s economic and export potential, and we look forward to working with the government as it puts these strategies into practice.

    Dr Emma Guthrie, CEO of the Hydrogen Energy Association (HEA) said:

    We welcome the publication of the Clean Energy Industries Sector Plan and the clear recognition of hydrogen as a central pillar in the UK’s clean industrial future.

    The commitment to a dedicated hydrogen sector plan – 1 of 8 outlined across key growth industries – provides the clarity and direction that hydrogen investors, innovators and infrastructure providers urgently need.

    The extension of the Clean Industry Bonus to hydrogen is a particularly positive step, signalling that government recognises the role hydrogen can play in decarbonising heavy industry and strengthening energy resilience.

    The wider Industrial Strategy’s focus on reducing energy costs, accelerating grid connections and supporting frontier technologies reflects many of the priorities the hydrogen industry has long been calling for.

    We now look forward to working closely with government and industry to ensure this strategy delivers tangible outcomes – unlocking investment, creating skilled green jobs, and accelerating the transition to a low-carbon economy.

    Yselkla Farmer, CEO at BEAMA said:

    BEAMA’s members are pleased that our calls for improvements to industrial conditions have been recognised. This long term strategy distinguishes electricity networks and electric heat – uniquely, both represented by BEAMA – as critical sectors for the UK’s economic prosperity. They have the potential to deliver significant benefits to consumers and those seeking excellent employment opportunities in our domestic supply chains.

    We are well aligned with the government’s overall vision and objectives for our sector. We are looking forward to keeping the momentum up over the ten years of this strategy, working with government to bring tangible change and hugely increase investment in our members’ markets, with specific benefit to British manufacturing. In addition to some further measures from upcoming policy announcements, this strategy has the potential to build on our existing strengths for an exciting future.

    We are especially pleased to see the level of financial support being targeted for BEAMA sectors through GB Energy, the National Wealth Fund and the British Business Bank and our hope is this can help bring forward investment in UK manufacturing to supply the UK’s electrification needs across the grid and in homes. The decision to reduce electricity costs for the IS-8 manufacturing sectors is an incredibly welcome step as we strive to ensure we can compete for investment globally.

    Stuart Dossett, Senior Policy Adviser at Green Alliance, said: 

    As international events threaten to drive up the price of oil and send bills soaring once again, it is vital the government look at how to make the UK energy secure. If we’re successful in doubling the amount of investment in clean energy over the next ten years, as the government proposes today, this will provide the cheap, secure power we need for the rest of the economy to grow. The government is also right to focus on making sure more homegrown renewable energy results in cheaper electricity costs for businesses. 

    Darren Davidson, Head of UK, Siemens Energy said:

    Today’s Industrial Strategy announcement, a 10-year UK government plan focused on partnership with business, is welcome news. As one of the world’s leading energy technology companies Siemens Energy has invested significantly in the UK, and we already employ over 6,500 people working on energy projects across the regions.

    The new plan is a significant step forward in helping to create a coherent, strategic policy framework – including funding support – to help strengthen the UK’s industrial base, encourage job creation and deliver the energy transition.

    Updates to this page

    Published 23 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Interview with Minister of Industry and Trade Anton Alikhanov to RIA Novosti

    Translation. Region: Russian Federal

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

    Anton Alikhanov: We are fighting phantom enterprises.

    In an interview with RIA Novosti, Minister of Industry and Trade Anton Alikhanov spoke about how pseudo-Russian brands are identified, what measures the state is introducing to ensure product safety in schools and kindergartens, and the fight against illegal goods.

    Anton Alikhanov (photo: Ministry of Industry and Trade)

    A. Veselova: Anton Andreevich, what is the situation with illegal turnover of products in Russia today?

    A. Alikhanov: I would like to start by saying that ten years ago, by decision of the president, a state commission was created to combat illegal turnover of industrial products. It became the main coordinating link in the comprehensive work in the fight against the shadow market. The activities of all industry and regulatory bodies at the federal level are linked through it.

    Various tools are used to reduce the circulation of illegal products. But the most effective has become the digital marking and traceability system of goods “Honest Sign”.

    This direction is already being implemented in all EAEU countries and in Uzbekistan. In Russia, 31 product categories are monitored from the conveyor to the consumer on a mandatory basis, with 16 being subject to an experiment. The government is also considering further expansion of the system to various products, especially in the food industry and industrial goods. The Honest Sign mobile application is used by almost 28 million consumers, they have checked more than 300 million products and identified 240 thousand violations. All complaints are sent to regulatory authorities.

    A. Veselova: What effect on the economy has been recorded in the country from the introduction of labeling?

    A. Alikhanov: According to the Federal Tax Service, over the past five years the economic effect has amounted to 1.2 trillion rubles in the form of tax and other revenues to budgets at all levels. More than half of this amount was achieved by whitening the tobacco market – 627 billion rubles. The results in other product groups are also noticeable. In dairy products – 148 billion rubles, in light industry – 143 billion rubles, in the footwear segment – 85 billion rubles, in perfumery – 35 billion rubles.

    In addition to increasing state revenues, legal businesses earned an additional 687 billion rubles by increasing their market share. And according to Rosstat data, the profitability of sales has increased for all bona fide market participants. Since the launch of mandatory labeling by 2023, tobacco products have increased by 17.9%, packaged water by 13.1%, footwear by 5.7%, and dairy products by 3.2%. I would like to note that these effects have been achieved without a noticeable impact on the final price for the consumer. According to the Research Institute of the Ministry of Finance, the share of labeling in the cost price is no more than 1%.

    A. Veselova: Since April 2024, a permit regime has been in effect for a number of goods in Russia, which checks the quality of the goods through a special QR code; if the product is of poor quality, the system will not allow the buyer to purchase it. How effective is this mechanism? How does the regime protect consumers?

    A. Alikhanov: Due to the introduction of a permit regime at store checkouts, sales of 1.2 billion low-quality or illegal goods have been blocked. Among them: beer – 299 million units, milk – 243 million, tobacco – 311 million, in the light industry – 187 million, soft drinks – 110 million. This system already applies to 16 groups of goods and will be expanded this year to non-alcoholic beer, caviar, veterinary drugs, technical rehabilitation equipment and bicycles.

    The labeling system allows for batches of unsafe products to be blocked within an hour by decision of regulatory authorities. For example, Rospotrebnadzor, based on research, did this proactively with respect to six million dietary supplements across the country with dangerous levels of lithium, melatonin, and simethicone. Similarly, due to a poisoning incident, sales of a batch of 2.5 million bottles of water were promptly stopped. Thus, we now have a mechanism for quickly stopping sales of products whose quality and safety are in doubt.

    It is important that we not only control the products themselves, but also close illegal production facilities, in particular 56 tobacco factories, using control bodies. At the same time, many enterprises left the shadow sector and began to operate according to the law. This is how more than 550 “new” water producers appeared, the number of legal importers of dietary supplements increased tenfold and those who produce them tripled.

    A. Veselova: What is happening now in the sphere of state control over industrial products?

    A. Alikhanov: State control is one of the key mechanisms for consumer protection. It ensures quality control and product safety in accordance with established requirements at all stages – during production, delivery and circulation.

    Today, the safety of certain types of products is confirmed by a certificate or declaration, while there is no further state control over such products. That is, there may be cases when an unscrupulous manufacturer provides the laboratory with a so-called “golden sample” that fully complies with the requirements. This is how he receives a certificate. And the product goes to the market under this certificate, but it does not comply with the requirements. As a result, unsafe products may end up on the shelf.

    A. Veselova: Are you developing additional mechanisms to protect consumers in order to prevent unsafe products from entering the market?

    A. Alikhanov: We have developed a set of measures with the Ministry of Economic Development. First of all, these are changes to the legislation to restore state control over certain types of industrial products – I believe that it will be effective. This is confirmed by the experiment that Rosstandart is conducting on certain types of construction products and materials. We are talking about cable products, various types of cement, construction and concrete mixtures, as well as heating convectors and radiators. Over two thousand control measures have already been carried out in a year of the experiment.

    According to the inspection results, 57% of cases revealed violations of product quality requirements. Such unsafe products are recalled from the market. For example, in St. Petersburg, about 6 thousand tons of dry construction mixtures worth a total of about 104 million rubles were withdrawn from circulation. And such cases are not isolated.

    Another significant initiative in this direction was introduced by the State Duma deputies. They proposed to legislatively enshrine the regulation of technical conditions, according to which manufacturers often release their products. We fully support this approach.

    A. Veselova: What is the difference between technical conditions and technical regulations? What effect do you expect from fixing technical conditions?

    A. Alikhanov: Technical conditions today are a non-public document in which the manufacturer himself defines the requirements for his products. Formally, they should not be lower than the requirements of technical regulations. But technical regulations establish only minimum safety requirements and do not affect quality parameters. Therefore, the requirements of technical conditions may be lower than GOSTs. A simple example: if a manufacturer puts saury in a can labeled “kilka”, this may not violate safety standards or technical conditions. But it absolutely does not meet consumer expectations and, most importantly, violates GOST requirements.

    We are confident that the removal of technical specifications from the unregulated zone will increase transparency and ensure fair competition. In addition, it will involve bona fide manufacturers in the national standardization process. Ultimately, this will have a positive effect on the quality of products released into circulation and will increase consumer confidence.

    A. Veselova: What additional measures are being taken to protect products from possible attempts at counterfeiting?

    A. Alikhanov: We conducted an experiment with the Ministry of Economic Development and the CRPT, following which the government adopted Resolution No. 837, which comes into force on September 1. It strengthens control not only over the availability, but also the content of permits for goods in the labeling system. This will allow us to confirm their relevance and compliance with the declared products. If the documents do not pass the check, the products will not be allowed on the market.

    In addition, a ban on sales at the checkout will be introduced if the permits are declared invalid after the products have been put into circulation. We are currently verifying the contents of the documents with the state registers of Rosaccreditation and Rospotrebnadzor. In the future, we will expand the array of data on the products themselves and whether the company has the right to produce them. We are discussing this decision with the member countries of the association and expect a positive decision from the Eurasian Economic Commission.

    A. Veselova: How does the ministry combat pseudo-Russian brands? How acute is this issue today?

    A. Alikhanov: We are conducting an experiment to identify such manufacturers and phantom enterprises. For example, more than 2.8 thousand shoe manufacturers are registered in the marking system, of which almost 470 are in Moscow. If the system reveals, based on risk indicators, that the activities of such companies deviate from the norm and raise suspicions, then representatives of the CRPT and Rospotrebnadzor conduct an on-site inspection. In fact, they determine whether there is real production or just a legal entity that legalizes illegal products.

    The first results showed that 92% of inspections of footwear, consumer goods and dietary supplements were fake enterprises. Their addresses were found to be vacant lots, residential buildings or abandoned buildings. These companies tried to “legalize” products that did not correspond to the declared documents. In some cases, there is reason to believe that these are imports that are registered as products of Russian origin in order to evade customs duties and control.

    Based on the results of the experiment, a mechanism was developed to limit the issuance of marking codes to such legal entities and block their products. Before the traceability system appeared, this was impossible to do. For now, we have extended this algorithm to the least regulated industries – footwear, light industry, perfumery, tires and dietary supplements. Then we will cover other product categories.

    A. Veselova: Anton Andreevich, there was information on the Internet about the incorrect operation of the marking system in case of unstable Internet operation? Do you know about this, does such a problem really exist?

    A. Alikhanov: Since March 1, 2025, an offline mode has been introduced for a number of product groups that require mandatory labeling, which allows checking the product even without the Internet. To do this, a special local module of the system is installed at the checkout, into which a database of labeled products is loaded. When attempting to make a sale, the system first accesses the online database, and if the check fails, for example, due to the lack of Internet, it loads data from the local module. Thus, the system ensures correct operation even during temporary Internet problems.

    A. Veselova: Today, more and more people use marketplaces, but it is difficult to check the quality of goods there. What measures do you plan to take in connection with counterfeit products on marketplaces?

    A. Alikhanov: In our opinion, it is necessary to strengthen control over marketplaces in order to exclude violations when selling marked goods on the Internet. The draft law “On the platform economy” provides for the obligations of trading platforms to check the registration of the seller, the product and its code in the marking system. If any of these criteria are not met, the offer should not be reflected in the buyer’s search. While such requirements have not yet been enshrined in law, CRPT has entered into agreements with the largest marketplaces: Yandex, Wildberries, SberMegaMarket, Samokat, Ozon, AliExpress and Russian Post. These online platforms have undertaken to independently check customer complaints received through the Honest Sign application and take action against violators. According to the marking system, 95% of complaints were confirmed. In relation to a third of them, marketplaces applied sanctions: fines, blocking goods or warnings. For the rest, sellers received notifications demanding that they eliminate the violations.

    A. Veselova: Today, goods from the member states of the Eurasian Economic Union cross customs under a simplified regime. There are frequent cases where goods illegally enter one of these countries and then travel to Russia. Is the Ministry working on measures to strengthen control in such cases?

    A. Alikhanov: Our country is the largest market in the EAEU and, of course, there are cases that you mentioned. Often these goods then end up, for example, in the fake production facilities that I mentioned earlier.

    To solve the problem, it is necessary, firstly, to harmonize the list of goods that are subject to mandatory labeling. That is, the nomenclature must be uniform in all EAEU countries. This is what we are discussing with our colleagues.

    Secondly, it is necessary to ensure regular verification of information from the labeling system with data from the EAEU member states on goods sent to Russia. This also concerns the verification of mirror customs statistics and the country of origin of the goods.

    A. Veselova: What effect do you expect from the experiment to control the supply of unsafe and low-quality food products to social institutions?

    A. Alikhanov: With the introduction of a permit regime at cash registers and the integration of the marking system with Mercury, counterfeit products were blocked from entering stores. But we see that dubious products have begun to appear in schools and hospitals where there are no cash registers.

    In order to set a barrier for it, at the end of last year, we decided at the state commission to start an experiment in the labeling system to control the supply of food products to the social sphere. So far, it covers several regions – Krasnodar, Perm, Stavropol and Khabarovsk Territories, Moscow and Novosibirsk Regions, St. Petersburg. We will complete it by September, having created criteria and a mechanism for stopping this practice. The experiment affects packaged water and dairy products, which are subject to labeling. In the near future, we will make such control mandatory, since we are already seeing successful results.

    A. Veselova: What are the prospects for the development of the labeling system in Russia in the future?

    A. Alikhanov: The introduction of labeling is advisable for goods that are most sensitive to illegal trafficking. Therefore, the government will systematically expand the range of products, including industrial products. We are conducting experiments on radio electronics, building materials, and radiators. We are working on traceability issues for the raw materials from which these goods are made.

    We will scale and develop the labeling system, supplement it with new functionality. That is, we will continue to narrow the opportunities for various tricks that pose a threat to human health and undermine food and economic security.

    Source – RIA Novosti.

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

    MIL OSI Russia News –