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Category: Finance

  • MIL-OSI Canada: Minister Sidhu meets with Thani bin Ahmed Al Zeyoudi, United Arab Emirates Minister of State for Foreign Trade

    Source: Government of Canada News

    June 20, 2025 – Ottawa, Ontario – Global Affairs Canada

    Yesterday, the Honourable Maninder Sidhu, Minister of International Trade, met in Ottawa with Thani bin Ahmed Al Zeyoudi, United Arab Emirates (U.A.E.) Minister of State for Foreign Trade. This was their first bilateral meeting.

    Minister Sidhu and Minister Al Zeyoudi discussed the importance of strengthening the trade and investment relationship between Canada and the U.A.E. To that effect, the ministers agreed on the need to conclude the negotiations for the Foreign Investment Promotion and Protection Agreement soon.

    Minister Sidhu also highlighted many areas of natural partnership as the two countries pursue ambitious growth agendas, such as AI, clean tech, energy, agri-food, and infrastructure.    

    The ministers will continue to work together to open doors for Canadian and Emirati businesses to succeed, including by supporting initiatives such as the Canada-U.A.E. Business Council mission to Toronto, Ontario, and Calgary, Alberta, in early July this year.

    Associated links

    MIL OSI Canada News –

    June 21, 2025
  • MIL-OSI: Sprott Physical Uranium Trust Closes Upsized US$200 Million Bought Deal Financing

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

    This press release constitutes a “designated news release” for the purposes of the Trust’s amended and restated prospectus supplement dated December 6, 2024 to its base shelf prospectus dated January 3, 2024.

    TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Sprott Inc. (NYSE/TSX: SII) (“Sprott”) on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (“SPUT” or the “Trust”), is pleased to announce the closing of its previously announced upsized bought deal public offering (the “Offering”), pursuant to which 11,600,000 units of the Trust (the “Units”) were issued at a price of US$17.25 per Unit for total gross proceeds of approximately US$200 million. Canaccord Genuity Corp. (the “Underwriter”) acted as sole underwriter for the Offering.

    The net proceeds of the Offering will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates and related fees and expenses in accordance with the Trust’s objective and subject to the Trust’s investment and operating restrictions. The net proceeds per Unit received by the Trust were not less than 100% of the most recently calculated net asset value of the Trust per Unit prior to the determination of the pricing of the Offering.

    “We are very pleased to have completed this Offering with the strong support from both current and new SPUT unitholders,” said John Ciampaglia, CEO of Sprott Asset Management. “This transaction, the non-brokered private placement completed in May and the Trust’s at-the-market equity program demonstrate the Trust’s ability to continue to raise capital through a variety of methods.”

    “The long-term investment thesis for uranium continues to improve as a nuclear renaissance unfolds globally with announcements around plant life extensions and new builds accelerating, supported by new government policies,” continued Mr. Ciampaglia. “We are pleased to provide investors the opportunity to participate in this long-term secular trend through access to the world’s largest physical uranium fund1.”

    The Trust suspended its at-the-market equity program to facilitate the Offering and agreed with the Underwriter not to issue any Units, including under the at-the-market equity program, for a period of 30 days from the closing of the Offering without the prior written consent of the Underwriter, such consent not to be unreasonably withheld, conditioned or delayed.

    No securities regulatory authority has either approved or disapproved the contents of this press release. This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Units have not been and will not be registered under the U.S. Securities Act, or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

    _______________________________________
    1 Based on Morningstar’s universe of listed commodity funds. Data as of December 31, 2024.


    About Sprott

    Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. For more information, please visit www.sprott.com.

    About the Trust

    Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, can be found on its website at www.sprott.com. Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.

    Caution Regarding Forward-Looking Information

    This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws (collectively. “forward-looking statements”). Forward-looking statements in this press release include, without limitation, statements regarding the Offering, including the intended use of proceeds from the sale of Units under the Offering, the Trust’s ability to raise capital, including through numerous methods, and the investment thesis and trends related to uranium. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, investor demand the uranium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust’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 contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, each as updated by the Trust’s continuous disclosure filings, which are available at www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

    Contact

    Glen Williams
    Senior Managing Partner, Investor and Institutional Client Relations
    Sprott Inc.
    Telephone: 416.943.4394
    Email: gwilliams@sprott.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Sprott Physical Uranium Trust Closes Upsized US$200 Million Bought Deal Financing

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

    This press release constitutes a “designated news release” for the purposes of the Trust’s amended and restated prospectus supplement dated December 6, 2024 to its base shelf prospectus dated January 3, 2024.

    TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Sprott Inc. (NYSE/TSX: SII) (“Sprott”) on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (“SPUT” or the “Trust”), is pleased to announce the closing of its previously announced upsized bought deal public offering (the “Offering”), pursuant to which 11,600,000 units of the Trust (the “Units”) were issued at a price of US$17.25 per Unit for total gross proceeds of approximately US$200 million. Canaccord Genuity Corp. (the “Underwriter”) acted as sole underwriter for the Offering.

    The net proceeds of the Offering will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates and related fees and expenses in accordance with the Trust’s objective and subject to the Trust’s investment and operating restrictions. The net proceeds per Unit received by the Trust were not less than 100% of the most recently calculated net asset value of the Trust per Unit prior to the determination of the pricing of the Offering.

    “We are very pleased to have completed this Offering with the strong support from both current and new SPUT unitholders,” said John Ciampaglia, CEO of Sprott Asset Management. “This transaction, the non-brokered private placement completed in May and the Trust’s at-the-market equity program demonstrate the Trust’s ability to continue to raise capital through a variety of methods.”

    “The long-term investment thesis for uranium continues to improve as a nuclear renaissance unfolds globally with announcements around plant life extensions and new builds accelerating, supported by new government policies,” continued Mr. Ciampaglia. “We are pleased to provide investors the opportunity to participate in this long-term secular trend through access to the world’s largest physical uranium fund1.”

    The Trust suspended its at-the-market equity program to facilitate the Offering and agreed with the Underwriter not to issue any Units, including under the at-the-market equity program, for a period of 30 days from the closing of the Offering without the prior written consent of the Underwriter, such consent not to be unreasonably withheld, conditioned or delayed.

    No securities regulatory authority has either approved or disapproved the contents of this press release. This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Units have not been and will not be registered under the U.S. Securities Act, or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

    _______________________________________
    1 Based on Morningstar’s universe of listed commodity funds. Data as of December 31, 2024.


    About Sprott

    Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. For more information, please visit www.sprott.com.

    About the Trust

    Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, can be found on its website at www.sprott.com. Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.

    Caution Regarding Forward-Looking Information

    This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws (collectively. “forward-looking statements”). Forward-looking statements in this press release include, without limitation, statements regarding the Offering, including the intended use of proceeds from the sale of Units under the Offering, the Trust’s ability to raise capital, including through numerous methods, and the investment thesis and trends related to uranium. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, investor demand the uranium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust’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 contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, each as updated by the Trust’s continuous disclosure filings, which are available at www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

    Contact

    Glen Williams
    Senior Managing Partner, Investor and Institutional Client Relations
    Sprott Inc.
    Telephone: 416.943.4394
    Email: gwilliams@sprott.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Maximize Your Crypto Gains: 100x Leverage, $50 Bonus, Double Deposit Bonus & No KYC – Only on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Bitcoin has firmly maintained a price above $100,000, signaling that the crypto bull market is still going strong. As market volatility continues, savvy investors are eager to capitalize on the ongoing bullish trend. To help traders make the most of this opportunity, BexBack is launching an exciting promotion that includes a 100% deposit bonus, 100x leverage, and no KYC requirements for crypto futures trading.

    What Is the 100% Deposit Bonus and How Does It Work?

    The 100% deposit bonus is an exclusive offer that doubles your trading capital. For example, if you deposit 1 BTC, you’ll receive an additional 1 BTC, giving you a total of 2 BTC to trade. While the bonus itself is non-withdrawable, it can be used as margin for trading. This allows you to open larger positions and maximize potential profits without risking more of your initial investment. Moreover, any profits made from trading with the bonus are fully withdrawable.

    Why Use 100x Leverage for Crypto Futures Trading?

    100x leverage offers traders the ability to control larger positions with a smaller amount of capital. For example, if Bitcoin is priced at $100,000, with 100x leverage, a $1,000 investment would allow you to control a $100,000 position. This amplifies both profits and risks. However, when managed properly, 100x leverage can significantly increase profit potential, especially during volatile market conditions. It’s a powerful tool for experienced traders looking to capitalize on both rising and falling markets.

    Why Choose BexBack for Crypto Futures Trading?

    BexBack stands out for its user-centric approach to crypto trading, offering no KYC requirements, so users can start trading instantly without lengthy identity verification processes. With up to 100x leverage on over 50 major cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and XRP, BexBack provides traders with exceptional opportunities to maximize their capital and take advantage of the crypto bull run.

    Additional BexBack Benefits:

    • 24/7 Customer Support: BexBack provides round-the-clock support to assist users with their trading needs.
    • No Deposit Fees: Make deposits without incurring any fees, making your trading experience seamless and cost-effective.
    • Multiple Trading Pairs: Access a wide range of trading pairs to diversify your portfolio and find the best opportunities.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering advanced features for both novice and experienced traders. With its user-friendly interface, 100x leverage, and no KYC policy, BexBack is designed to meet the needs of today’s crypto traders. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack is trusted by over 500,000 traders worldwide. The platform also holds a US MSB (Money Services Business) license, ensuring regulatory compliance and security for its users.

    How to Start Trading on BexBack?

    Getting started with BexBack is quick and easy. Simply:

    1. Register in 30 seconds: Sign up using your email address.
    2. Make a deposit: Deposit BTC, USDT, or other cryptocurrencies into your account.
    3. Enjoy your bonuses: Instantly qualify for the 100% deposit bonus and enjoy the benefits of 100x leverage on crypto futures trading, all without needing to complete KYC.

    With BexBack’s double deposit bonus, no KYC, and 100x leverage, you can start trading crypto futures and make the most of the ongoing bull market with minimal hassle and maximum potential.

    Take Action Now

    If you missed the previous crypto bull run, this is your chance to seize the opportunity. Sign up on BexBack today, claim your exclusive bonus, and start trading with 100x leverage to accumulate more BTC and other cryptocurrencies.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack 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/61a73b2d-37e1-4557-85c0-c16e3cae9059

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f081e458-3767-42e1-97a4-c7db8bea6020

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3dfa57ba-3df2-4244-9649-281c7fa83273

    https://www.globenewswire.com/NewsRoom/AttachmentNg/51b5f115-6d5e-43c5-88da-0333b6867b35

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Maximize Your Crypto Gains: 100x Leverage, $50 Bonus, Double Deposit Bonus & No KYC – Only on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Bitcoin has firmly maintained a price above $100,000, signaling that the crypto bull market is still going strong. As market volatility continues, savvy investors are eager to capitalize on the ongoing bullish trend. To help traders make the most of this opportunity, BexBack is launching an exciting promotion that includes a 100% deposit bonus, 100x leverage, and no KYC requirements for crypto futures trading.

    What Is the 100% Deposit Bonus and How Does It Work?

    The 100% deposit bonus is an exclusive offer that doubles your trading capital. For example, if you deposit 1 BTC, you’ll receive an additional 1 BTC, giving you a total of 2 BTC to trade. While the bonus itself is non-withdrawable, it can be used as margin for trading. This allows you to open larger positions and maximize potential profits without risking more of your initial investment. Moreover, any profits made from trading with the bonus are fully withdrawable.

    Why Use 100x Leverage for Crypto Futures Trading?

    100x leverage offers traders the ability to control larger positions with a smaller amount of capital. For example, if Bitcoin is priced at $100,000, with 100x leverage, a $1,000 investment would allow you to control a $100,000 position. This amplifies both profits and risks. However, when managed properly, 100x leverage can significantly increase profit potential, especially during volatile market conditions. It’s a powerful tool for experienced traders looking to capitalize on both rising and falling markets.

    Why Choose BexBack for Crypto Futures Trading?

    BexBack stands out for its user-centric approach to crypto trading, offering no KYC requirements, so users can start trading instantly without lengthy identity verification processes. With up to 100x leverage on over 50 major cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and XRP, BexBack provides traders with exceptional opportunities to maximize their capital and take advantage of the crypto bull run.

    Additional BexBack Benefits:

    • 24/7 Customer Support: BexBack provides round-the-clock support to assist users with their trading needs.
    • No Deposit Fees: Make deposits without incurring any fees, making your trading experience seamless and cost-effective.
    • Multiple Trading Pairs: Access a wide range of trading pairs to diversify your portfolio and find the best opportunities.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering advanced features for both novice and experienced traders. With its user-friendly interface, 100x leverage, and no KYC policy, BexBack is designed to meet the needs of today’s crypto traders. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack is trusted by over 500,000 traders worldwide. The platform also holds a US MSB (Money Services Business) license, ensuring regulatory compliance and security for its users.

    How to Start Trading on BexBack?

    Getting started with BexBack is quick and easy. Simply:

    1. Register in 30 seconds: Sign up using your email address.
    2. Make a deposit: Deposit BTC, USDT, or other cryptocurrencies into your account.
    3. Enjoy your bonuses: Instantly qualify for the 100% deposit bonus and enjoy the benefits of 100x leverage on crypto futures trading, all without needing to complete KYC.

    With BexBack’s double deposit bonus, no KYC, and 100x leverage, you can start trading crypto futures and make the most of the ongoing bull market with minimal hassle and maximum potential.

    Take Action Now

    If you missed the previous crypto bull run, this is your chance to seize the opportunity. Sign up on BexBack today, claim your exclusive bonus, and start trading with 100x leverage to accumulate more BTC and other cryptocurrencies.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack 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/61a73b2d-37e1-4557-85c0-c16e3cae9059

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f081e458-3767-42e1-97a4-c7db8bea6020

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3dfa57ba-3df2-4244-9649-281c7fa83273

    https://www.globenewswire.com/NewsRoom/AttachmentNg/51b5f115-6d5e-43c5-88da-0333b6867b35

    The MIL Network –

    June 21, 2025
  • MIL-OSI USA: General Manager Pleads Guilty to Practice of Hiring Aliens

    Source: United States Small Business Administration

    Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release


    John Washburn, general manager of San Diego Powder & Protective Coatings in El Cajon, pleaded guilty in federal court today to engaging in a pattern or practice of hiring undocumented immigrants without authorization to work.

    As part of the plea agreement, Washburn admitted that he knew at least 10 workers were undocumented immigrants at the company, and that three were living in a company warehouse where U.S. Navy submarine components were being stored. These charges stemmed from a search warrant that was served by federal agents at the company’s warehouses in March of this year.

    Washburn was immediately sentenced by U.S. Magistrate Judge Barbara L. Major to one year probation and 50 hours of community service.

    According to the plea agreement, Washburn admitted he had communicated with other managers at San Diego Powder & Protective Coating about certain employees who had “issues” with their paperwork or “bad paperwork,” meaning some employees lacked valid documents showing they had legal authorization to work in the U.S.

    In or around 2024, the defendant communicated with company officials regarding assigning employees with “good paperwork” to work at the military base because those employees would be subjected to additional screening prior to entering restricted areas on the base.

    Homeland Security Investigations San Diego is investigating these cases with assistance from the Department of Homeland Security Office of Inspector General; GSA – Office of Inspector General; United States Border Patrol; Customs and Border Protection, ERO; NCIS; SBA – Office of Inspector General; Drug Enforcement Administration San Diego Field Division, and the Bureau of Alcohol Tobacco Firearms and Explosives.   

    These cases are being prosecuted by Assistant U.S. Attorneys Henry F.B. Beshar and Michael A. Deshong.

    DEFENDANT                                                         Case Number 25mj1458-BLM

    John Washburn                                                         Age: 57           

    SUMMARY OF CHARGES

    Engaging in a Pattern or Practice of Employing Aliens, in violation of Title 8 U.S.C. § 1324a(a)(1)(A) and (f); Maximum Penalty: Six months in prison; $3,000 fine per alien.

    INVESTIGATING AGENCIES

    Homeland Security Investigations

    Naval Criminal Investigative Service

    U.S. Department of Homeland Security, Office of Inspector General

    General Services Administration, Office of Inspector General

    Small Business Administration, Office of Inspector General

    Enforcement and Removal Operations

    Drug Enforcement Administration

    Bureau Alcohol, Tobacco Firearms and Explosives

    U.S. Border Patrol

    U.S. Customs and Border Protection

    This investigation is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI USA: Riverside County Woman Sentenced to 7 Years in Prison for Running $1.7 Million COVID-19 Benefits Fraud She Advertised on Instagram

    Source: United States Small Business Administration

    Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release


    An Inland Empire woman was sentenced today to 84 months in federal prison for fraudulently obtaining $1.7 million in COVID-19 pandemic-related jobless benefits, federally-guaranteed small business loans, California Small Business COVID-19 relief grants, and Los Angeles County economic opportunity grants.

    Jasmine Unique Mallard-McCarter, 30, a.k.a. “JassyMC,” of Eastvale, was sentenced by United States District Judge Maame Ewusi-Mensah Frimpong, who also ordered her to pay $1,765,407 in restitution.

    McCarter pleaded guilty on February 28 to one count of conspiracy to commit wire fraud.

    McCarter impersonated others to apply online for government benefits that she used for herself. McCarter also used the personal identifying information provided by her co-conspirators to apply for government benefits on their behalf, knowing those co-conspirators were not eligible for those benefits.

    McCarter charged fees to instruct others how to apply for government benefits for which they were not eligible without getting caught. Also, for a fee, McCarter served as a broker for counterfeit documents, such as Social Security cards, driver’s licenses, IRS Forms 1040, W-2s, bank statements, education degrees and transcripts, pay stubs, and doctors’ notes for handicapped placards. In some instances, the McCarter and her co-conspirators used the counterfeit documents to trick the government into paying unjustified benefits.

    McCarter advertised her fraud services on Instragram, using handles “JassyMc” and “EliteRealEstateandBusiness.” McCarter referred to herself as the “Jass of All Trades” in social media posts, because she could file fraudulent unemployment insurance applications, file grant applications, and broker counterfeit documents and identification in return for a fee.

    According to McCarter’s Instagram posts, she charged a fee for introducing customers to her connection at the California Department of Motor Vehicles, who could help bypass requirements for smog checks, insurance, and registration.

    The U.S. Department of Labor – Office of Inspector General, Employee Development Department Investigations Division, U.S. Small Business Administration – Office of Inspector General, U.S. Department of Homeland Security – Office of Inspector General, FBI, Homeland Security Investigations, and United States Secret Service investigated this matter.

    Assistant United States Attorney Andrew Brown of the Major Frauds Section prosecuted this case.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolster efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    On September 15, 2022, the Attorney General selected the U.S. Attorney’s Offices for the Central and Eastern Districts of California to jointly head one of the three national COVID-19 Fraud Strike Force Teams. The Department of Justice established the Strike Force to enhance existing efforts to combat and prevent COVID-19 related financial fraud. The Strike Force combines law enforcement and prosecutorial resources and focuses on large-scale, multistate pandemic relief fraud perpetrated by criminal organizations and transnational actors, as well as those who committed instances of pandemic relief fraud. The Strike Force uses prosecutor-led and data analyst-driven teams to identify and bring to justice those who stole pandemic relief funds. Additional information regarding the Strike Force may be found at https://www.justice.gov/opa/pr/justice-department-announces-covid-19-fraud-strike-force-teams.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at (866) 720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI China: China’s fiscal revenue down 0.3 pct in first 5 months

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

    China’s fiscal revenue edged down 0.3 percent year on year to over 9.66 trillion yuan (about 1.35 trillion U.S. dollars) in the first five months of the year, according to data from the Ministry of Finance that was released on Friday.

    The central government collected nearly 4.15 trillion yuan in fiscal revenue, down 3 percent year on year, while local governments collected over 5.51 trillion yuan, up 1.9 percent year on year.

    China’s fiscal expenditure expanded 4.2 percent year on year to near 11.3 trillion yuan in the first five months. The central government’s fiscal expenditure rose 9.4 percent year on year, and there was a 3.4 percent increase in local government expenditure during the same period.

    Spending on education came in at approximately 1.75 trillion yuan, up 6.7 percent year on year. Science and technology expenditure exceeded 360.9 billion yuan, a 6.5 percent year-on-year increase. And spending on social security and employment topped 2 trillion yuan, up 9.2 percent year on year. 

    MIL OSI China News –

    June 21, 2025
  • MIL-OSI: AS Inbank entered into merger agreement with Inbank Ventures OÜ

    Source: GlobeNewswire (MIL-OSI)

    Today, on 20 June 2025, AS Inbank entered into a notarial merger agreement with its 100% subsidiary Inbank Ventures OÜ. As a result of the merger, Inbank Ventures OÜ will cease to exist without liquidation and AS Inbank will become its legal successor. Inbank Ventures OÜ is operating as a holding company and provides IT support services within the Inbank Group. The purpose of the merger is to align the Group’s legal structure with its actual business operations and to enhance organisational efficiency, while leaving the consolidated assets, rights, and obligations unchanged. 

    The merger will enter into force following the receipt of the required approval from the Financial Supervision and Resolution Authority. The completion of the merger is expected to take place during the first quarter of 2026. The merger agreement is attached to this notice. Additionally, the merger agreement and other related documents (including the merger report) are available for review at the office of AS Inbank, located at Niine 11, Tallinn. 

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 5,600 merchants, Inbank has 941,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachment

    • AS Inbank ja Inbank Ventures OÜ ühinemisleping

    The MIL Network –

    June 21, 2025
  • MIL-OSI: AS Inbank entered into merger agreement with Inbank Ventures OÜ

    Source: GlobeNewswire (MIL-OSI)

    Today, on 20 June 2025, AS Inbank entered into a notarial merger agreement with its 100% subsidiary Inbank Ventures OÜ. As a result of the merger, Inbank Ventures OÜ will cease to exist without liquidation and AS Inbank will become its legal successor. Inbank Ventures OÜ is operating as a holding company and provides IT support services within the Inbank Group. The purpose of the merger is to align the Group’s legal structure with its actual business operations and to enhance organisational efficiency, while leaving the consolidated assets, rights, and obligations unchanged. 

    The merger will enter into force following the receipt of the required approval from the Financial Supervision and Resolution Authority. The completion of the merger is expected to take place during the first quarter of 2026. The merger agreement is attached to this notice. Additionally, the merger agreement and other related documents (including the merger report) are available for review at the office of AS Inbank, located at Niine 11, Tallinn. 

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 5,600 merchants, Inbank has 941,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachment

    • AS Inbank ja Inbank Ventures OÜ ühinemisleping

    The MIL Network –

    June 21, 2025
  • MIL-OSI Africa: Gabon Oil Company Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 Following Major Asset Acquisition from Tullow Oil

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

    Marcellin Simba Ngabi, CEO of Gabonese parastatal Gabon Oil Company (GOC), is set to speak at Africa’s premier energy event, African Energy Week (AEW): Invest in African Energies 2025, which takes place in Cape Town from September 29 to October 3. Ngabi’s presence at AEW: Invest in African Energies 2025 signals a bold new era for state-led energy development as GOC transitions from a partner in operations to a primary driver of upstream growth and regional integration.

    Ngabi’s participation comes shortly after the GOC’s landmark $300 million acquisition of oil and gas company Tullow Oil’s entire Gabonese portfolio, a transaction that includes 10,000 barrels per day (bpd) in production and 36 million barrels of proven reserves. The acquisition underscores GOC’s strategic push to ramp up national oil production and attract new investment into Gabon’s energy sector. During AEW: Invest in African Energies 2025, Ngabi is expected to share insight into the company’s portfolio expansion, detailing how this recent acquisition supports the country’s broader production goals.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    With over two billion barrels of proven oil reserves and significant gas potential, Gabon is reasserting its position as one of Africa’s most promising energy frontiers. As the country seeks to boost production to 220,000 bpd, GOC is spearheading efforts to optimize mature fields, unlock value from marginal assets and fast-track project development. Recent developments include the GOC’s oilfield development partner BW Energy’s fast-tracked production start at the Hibiscus South satellite prospect, situated in the Dussafu license, which added 5,000-6,000 bpd within five months of discovery. Meanwhile, in 2024, GOC completed the acquisition of the private equity company Carlyle Group-owned Assala Energy – adding seven onshore licenses, a pipeline network and the Gamba export terminal to its portfolio. These milestones highlight GOC’s commitment to rapid asset turnaround and production growth.

    Beyond oil, GOC is advancing Gabon’s Gas Master Plan to monetize the country’s three to five trillion cubic feet of natural gas reserves. Strategic initiatives include independent oil and gas company Perenco’s $1 billion Cap Lopez LNG terminal – set to come online in 2026 – and the Batanga LPG plant, which became operational in December 2023. These efforts form part of a broader national drive to reduce flaring, strengthen downstream industries and diversify the country’s energy mix.

    At AEW: Invest in African Energies 2025, Ngabi is expected to showcase Gabon’s revitalized upstream agenda, highlight new investment opportunities across the oil and gas value chain and outline the national oil company’s vision for leveraging international partnerships to drive sustainable growth. His participation is also set to highlight how national oil companies are transforming Africa’s energy narrative through bold acquisitions, technology adoption and regional cooperation.

    “Gabon’s recent acquisitions and project milestones position the country as a rising force in Africa’s upstream resurgence. Ngabi’s participation at AEW: Invest in African Energies 2025 reinforces the central role national oil companies are playing in unlocking Africa’s energy future, and we look forward to his insights on Gabon’s strategic roadmap,” stated Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber.

    – on behalf of African Energy Chamber.

    Media files

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    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI United Kingdom: UK-Bahrain agree £2bn investment partnership in huge boost for UK economy

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK-Bahrain agree £2bn investment partnership in huge boost for UK economy

    The UK and Bahrain have signed a partnership agreement which will deliver £2 billion of investment into key growth sectors in a huge boost to the economy.

    • UK has signed a new partnership with Bahrain, which will see £2 billion investment into key growth sectors.
    • Agreement will increase investment in financial services, clean energy, manufacturing and tech – all growth sectors in Government’s modern Industrial Strategy.
    • Business Secretary Jonathan Reynolds: investment is ‘major vote of confidence’ that will increase jobs and create growth across UK as part of the Government’s Plan for Change.
    • UK becomes member of the US-Bahrain Comprehensive Security Integration and Prosperity Agreement which supports economic growth at home.

    The UK government and Bahrain have signed a new investment and collaboration partnership that will unlock £2 billion of investment into Britain, boosting economic growth and driving forward the Government’s Plan for Change.

    The Strategic Investment and Collaboration Partnership (SIP) is double the £1 billion commitment made in 2023 and will focus on investing in key growth sectors including financial services, technology and decarbonisation – as the Government prepares to publish the upcoming modern Industrial Strategy. 

    The Partnership is a sign of a strengthened bilateral relationship with Bahrain and will help create new jobs and boost growth across the UK. It will also provide British companies opportunities to take advantage of Bahrain’s business environment, providing support on innovation, productivity and development in the country. 

    Yesterday [Thursday 19 June], the Prime Minister met with His Royal Highness Crown Prince Salman bin Hamad Al Khalifa, Prime Minister of the Kingdom of Bahrain, where the deal was formally signed.

    At a time of great importance for regional stability both leaders reaffirmed the strength of the relationship between the two countries, as the UK became a full member of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) after announcing its intention to join in December 2024. This demonstrates the UK’s continued efforts to strengthen security cooperation with key partners in Bahrain and the US and together, to foster long-term regional stability across the Middle East while bolstering economic growth at home through new security and defence partnerships.    

    The UK and Bahrain leaders yesterday reiterated their commitment to defence relations and continuing the already strong cooperation between our Armed Forces and those of the Kingdom of Bahrain. This includes our strong naval partnership, which has seen Bahrain host the UK’s largest naval base outside of the UK and training offered by UK Armed Forces to Bahrain military personnel.  

    Chancellor of the Exchequer Rachel Reeves said:

    In a changing world, Britain is increasingly seen as a place for investment and growth – thanks to the stability we have brought to the economy and our pro-business approach.

    This £2 billion investment into the growth-driving sectors where Britain thrives will create good jobs paying decent wages in all corners of our country, putting more money in people’s pockets as part of our Plan for Change.

    Business and Trade Secretary Jonathan Reynolds said:

    This £2 billion commitment is yet another major vote of confidence in the UK economy, backing the key growth sectors we’ve identified in our upcoming modern Industrial Strategy.

    We have the most open, stable and connected economy in the world – and our Plan for Change will encourage more countries to invest here, delivering long-term growth that supports good, skilled jobs across the country.

    During their visit to the UK, a delegation of Bahraini investors visited growth projects and business in Manchester, Leeds, and Sheffield, in order to explore opportunities to support the UK Government’s growth agenda. 

    This government is committed to driving economic growth, and growing trade and investment with the Gulf is pivotal to this mission, delivering higher wages, supporting increased investment and economic opportunity, and strengthening relationships with important partners. 

    Notes to editors:

    • The UK announced its intention to join C-SIPA during the Minister for the Middle East and North Africa’s visit to Manama in December 2024. UK joins US-Bahrain agreement to build security across the Middle East – GOV.UK

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    Published 20 June 2025

    MIL OSI United Kingdom –

    June 21, 2025
  • MIL-OSI: Maris-Tech Unveils Peridot: A New AI-Powered Observation System for Comprehensive Threat Detection

    Source: GlobeNewswire (MIL-OSI)

    New Solution Combines AI, Thermal Imaging, and Multi-Sensor Stitching to Create a Seamless View for Defense and Security Operations

    Rehovot, Israel, June 20, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)-based edge computing technology, is proud to announce the completion of the first prototype of Peridot – an AI-based passive observation system designed for comprehensive situational awareness.

    Peridot integrates multiple high-definition day and thermal video sensors with advanced stitching algorithms to create a panoramic view, both horizontally and vertically. The result is uninterrupted coverage and early detection of conventional and modern threats, including drones and unmanned vehicles.

    This breakthrough technology is designed for border and strategic site protection, offering a fully integrated, standalone solution to monitor, detect and enable quicker response to aerial and ground-based risks. In addition to its observation capabilities, Peridot can serve as a trigger system for passive or active threat defeating mechanisms – making it an ideal part of layered defense strategies.

    “Peridot represents a significant technological leap and a major milestone for Maris-Tech,” said Israel Bar, Chief Executive Officer of Maris-Tech. “We’re proud of the team that brought this concept to life. As a standalone solution, Peridot positions us higher in the defense technology value chain, and we believe the industry will benefit greatly from its introduction.”

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it discusses the potential capabilities and applications of the Peridot system, including its integration into layered defense strategies, its ability to provide early detection and comprehensive situational awareness and the Company’s belief that Peridot represents a significant technological advancement and will positively impact the defense industry. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI Africa: SAPS intensifies efforts in the fight against GBVF

    Source: South Africa News Agency

    Friday, June 20, 2025

    The South African Police Service (SAPS) is continuing to intensify its efforts in the fight against gender-based violence and femicide (GBVF).

    Over the past week, a total of 201 suspects were arrested for rape in police operations across the country. Of the arrests, 56 were wanted individuals tracked down in various provinces.

    “Among the arrests was that of a man and woman in Bloubergstrand, Western Cape, for the alleged sexual abuse of their daughters, aged three and eight,” the SAPS said in a statement. 

    Police seized multiple electronic devices during their arrest, and they face several charges, including the production of child sexual abuse material (child pornography), rape, sexual assault and sexual grooming.

    More recently, a 24-year-old suspect was arrested by the Family Violence, Child Protection and Sexual Offences (FCS) Unit in Tonga, Mpumalanga on 19 June 2025 following the gang rape of a 27-year-old woman. Investigations into the matter are ongoing.

    Notable convictions include:
    •    On 09 June 2025, the Polokwane High Court sentenced serial rapist Lesley Morwamashobe Mohlala (33) to 222 years’ imprisonment. He was found guilty on multiple counts of rape and aggravated robbery.
    •    The East London High Court sentenced a 42-year-old accused to life imprisonment for the rape of a 13-year-old girl, who became pregnant as a result of the assault.
    •    The Bloemfontein Regional Court sentenced a 51-year-old accused to life imprisonment for raping his niece, who was 10 years old at the time. During sentencing, it emerged that he was on parole for a previous rape conviction at the time of the offence, an aggravating factor that influenced the court’s decision.
    •    On 18 June 2025, the Watervaal Regional Court sentenced a 25-year-old accused from Tshiozwi, Limpopo to life imprisonment for raping his nine-year-old cousin in 2021.

    “The SAPS remains committed to ensuring justice prevails for victims by removing sexual predators from our communities,” the police said. – SAnews.gov.za

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    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI USA: Governor Stein Announces More Than $52 Million of Investment in Rural Communities

    Source: US State of North Carolina

    Headline: Governor Stein Announces More Than $52 Million of Investment in Rural Communities

    Governor Stein Announces More Than $52 Million of Investment in Rural Communities
    lsaito
    Fri, 06/20/2025 – 08:04

    Raleigh, NC

    Governor Josh Stein today announced that the Rural Infrastructure Authority (RIA) has approved nine grant requests for local governments totaling $2,941,000. The grants include commitments creating a total of 137 jobs. The public investment in these projects will attract more than $52 million in additional private and public investment.

    “North Carolina’s rural communities are excellent places to live, work, and do business,” said Governor Josh Stein. “The latest rural infrastructure grants strengthen these communities even more by helping to create jobs, access to health care, and strengthen downtowns.”

    The RIA is supported by the rural economic development team at the North Carolina Department of Commerce. RIA members review and approve funding requests from local communities. Funding comes from a variety of specialized grant and loan programs offered and managed by the North Carolina Department of Commerce’s Rural Economic Development Division, which is led by Assistant Secretary for Rural Development Reginald Speight. Grants support a variety of activities, including infrastructure development, building renovation, expansion and demolition, and site improvements.

    “We are excited by the opportunities to partner with our state’s rural communities through these infrastructure grant projects,” said Commerce Secretary Lee Lilley. “These investments will help rural North Carolina grow jobs, expand opportunity, and improve people’s quality of life.”

    The RIA approved five grant requests under the state’s Building Reuse Program in three categories: 

    Vacant Building Category 

    • Rockingham County: A $500,000 grant will support the reuse of a 216,086-square-foot building in Reidsville. The facility is set to be occupied by Joyalways Corporation, a manufacturer of wet wipes including baby wipes and non-alcoholic variants. The company plans to create 44 jobs while investing $10,757,500 in this project.
    • Transylvania County: A $75,000 grant will support the reuse of a 4,100-square-foot building in Brevard. This facility will be occupied by Nature Trails NC, LLC, an outdoor recreation business that fabricates structures used in outdoor trails such as benches, kiosks, and bike ramps. With this project, the company is expected to create 16 jobs while investing $80,745.

    Existing Business Building Category 

    • Hertford County: A $280,000 grant will support the expansion of a building in Cofield that is occupied by Structural Coating Hertford, LLC. The company, which provides technologically advanced processes for blast cleaning and coating steel plates, plans to add 5,026 square feet to the existing facility. The project is expected to create 35 jobs with a private investment of $1,674,659.

    Rural Health Building Category

    • City of Rocky Mount (Edgecombe County): A $375,000 grant will support the reuse of a 13,330-square-foot former Memorial Hospital building as a facility for the Opportunities Industrialization Center (OIC) of Rocky Mount. Through its Family Medical Center, OIC provides a variety of affordable health services and is the medical home to approximately 14,000 patients. The center plans to create 30 jobs and invest $13,426,500 in this project.
    • Town of Pembroke (Robeson County): A $150,000 grant will support the construction of a 29,000-square-foot building, where Robeson Health Care Corporation plans to expand their existing operations. The health care provider plans to serve 1,000 additional patients yearly at this new facility, which will include a new eye care center and additional exam rooms to create a functional, patient-friendly environment. With this project, the organization expects to create 12 jobs while investing $11,442,615. 

    The Building Reuse Program provides grants to local governments to renovate vacant buildings, renovate and/or expand buildings occupied by existing North Carolina companies, and renovate, expand, or construct health care facilities that will lead to the creation of new jobs in Tier 1 and Tier 2 counties, as well as rural census tracts of Tier 3 counties.

    The RIA approved four grant requests under the state’s Rural Downtown Economic Development program in two categories:

    Public Buildings Category

    • Town of Williamston (Martin County): A $200,000 grant will support the Town’s Old Police Department Reuse Project, which is intended to rehabilitate and repurpose property that is connected to Town Hall. The 3,304-square-foot building will undergo renovations to create a public space for meetings and become a hub for community events. Renovations include ADA compliance and updates to the space, including updating an existing kitchen. The project is expected to leverage an investment of $11,364.
    • Town of Stoneville (Rockingham County): A $200,000 grant will support the town’s Fidelity Building Revitalization/Reuse Project, which aims to rehabilitate a vacant building for a fully operational financial institution. Improvements include HVAC, electrical, roofing, plumbing, ADA upgrades, and interior/exterior renovations, while also restoring the original brickwork and repairing damaged masonry. This project is expected to leverage an investment of $12,500.

    Public Infrastructure Category 

    • Town of Pembroke (Robeson County): A $311,000 grant will help the town transform a vacant property into a vibrant public space at the intersection of W. 3rd and Vance Streets. The project includes site preparation, a brick paver walkway, electrical upgrades, and tree grates and is a direct result of the town’s participation in the North Carolina Department of Commerce’s Rural Community Capacity program. The town will leverage an investment of $15,550 with this project.
    • Town of Boone (Watauga County): An $850,000 grant will assist the town in prioritizing pedestrian safety by converting the westbound lane of Howard Street from Appalachian Street to Burrell Street into a pedestrian and bicycle-only corridor. Phase Two of the project includes water, sewer, and stormwater improvements, as well as burying utilities. The project is expected to leverage an investment of $15,111,703. 

    The Rural Downtown Economic Development Grants program provides grants to local governments to support downtown revitalization and economic development initiatives. These grants are intended to help local governments grow and leverage downtown districts as assets for economic growth, economic development, and prosperity by providing public improvements to help retain businesses and leverage main street assets for community-wide use.

    In addition to reviewing and approving funding requests, the N.C. Rural Infrastructure Authority formulates policies and priorities for grant and loan programs administered by the Commerce Department’s Rural Economic Development team. Its 17 voting members are appointed by the Governor, Speaker of the House, and Senate President Pro Tem. The North Carolina Secretary of Commerce serves as a member of the authority, ex officio.

    Visit the Rural Economic Development Division webpage for more information.  

    Jun 20, 2025

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI: Lucas GC Limited Announces Pricing of Follow-On Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (“AI”) technology-driven Platform-as-a-Service (“PaaS”) company with proprietary technologies applied to the human resources and insurance industry verticals, today announced the pricing of its “best efforts” follow-on offering (the “Offering”) of 32,150,000 ordinary shares, par value US$0.000005 per share, of the Company (the “Ordinary Shares”) at a public offering price of $0.20 per share, for total gross proceeds of US$6,430,000 before deducting placement agent’s fee and offering expenses. The Offering is expected to close on or about June 23, 2025, subject to the satisfaction of customary closing conditions.

    AC Sunshine Securities LLC is acting as the placement agent for the Offering.

    A registration statement related to the Offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the Offering may be obtained, when available, on the SEC’s website located at http://www.sec.gov and may also be obtained from AC Sunshine Securities LLC, 200 E. Robinson Street Suite 295, Orlando, FL 32801.

    About Lucas GC Limited
    With 19 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company with over 780,320 agents working on its platform. Lucas’ technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/.

    For Investor Inquiries and Media Contact:
    https://www.lucasgc.com/ 
    ir@lucasgc.com 
    T: 818-741-0923

    Forward-Looking Statements
    Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Lucas GC Limited Announces Pricing of Follow-On Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (“AI”) technology-driven Platform-as-a-Service (“PaaS”) company with proprietary technologies applied to the human resources and insurance industry verticals, today announced the pricing of its “best efforts” follow-on offering (the “Offering”) of 32,150,000 ordinary shares, par value US$0.000005 per share, of the Company (the “Ordinary Shares”) at a public offering price of $0.20 per share, for total gross proceeds of US$6,430,000 before deducting placement agent’s fee and offering expenses. The Offering is expected to close on or about June 23, 2025, subject to the satisfaction of customary closing conditions.

    AC Sunshine Securities LLC is acting as the placement agent for the Offering.

    A registration statement related to the Offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the Offering may be obtained, when available, on the SEC’s website located at http://www.sec.gov and may also be obtained from AC Sunshine Securities LLC, 200 E. Robinson Street Suite 295, Orlando, FL 32801.

    About Lucas GC Limited
    With 19 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company with over 780,320 agents working on its platform. Lucas’ technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/.

    For Investor Inquiries and Media Contact:
    https://www.lucasgc.com/ 
    ir@lucasgc.com 
    T: 818-741-0923

    Forward-Looking Statements
    Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Antalpha to Hold Extraordinary General Meeting on July 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Antalpha Platform Holding Company (NASDAQ: ANTA) (“Antalpha” or the “Company”), a leading fintech platform serving the Bitcoin mining ecosystem, today announced that it will hold an extraordinary general meeting of shareholders (the “EGM”) at 2:00 p.m. (Hong Kong time) on July 21, 2025 at 42nd Floor, Edinburgh Tower, The Landmark, 15 Queen’s Road, Central, Hong Kong.

    A proposal to increase the Company’s authorized share capital will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the authorized share capital of the Company will be increased from “US$50,000 divided into 50,000,000 Ordinary Shares of a par value of US$0.001 each” to “US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each” by the creation of an additional 12,500,000 Ordinary Shares of a par value of US$0.001 each to rank pari passu in all respects with the existing shares.

    A proposal to re-designate the Company’s ordinary shares into Class A Ordinary Shares and Class B Ordinary Shares will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by a special resolution of the shareholders, (a) 59,375,000 authorized Ordinary Shares (including the 23,677,500 issued Ordinary Shares) of a par value of US$0.001 each in the capital of the Company will be re-designated as Class A Ordinary Shares, and (b) 3,125,000 authorized but unissued Ordinary Shares of a par value of US$0.001 each in the capital of the Company will be re-designated as Class B Ordinary Shares (the “Share Re-designation”), such that immediately following the Share Re-designation, the authorized share capital of the Company will be US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each, comprising of (i) 59,375,000 Class A Ordinary Shares (including 23,677,500 issued Class A Ordinary Shares) of a par value of US$0.001 each (the “Class A Ordinary Shares”), and (ii) 3,125,000 Class B Ordinary Shares of a par value of US$0.001 each (the “Class B Ordinary Shares”).

    A proposal to amend and restate the Company’s existing memorandum and articles of association to reflect the variation of the Company’s authorized share capital will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by a special resolution of the shareholders, the Company’s Amended and Restated Memorandum of Association and Articles of Association will be amended and restated by their deletion in their entirety and the substitution in their place of the Second Amended and Restated Memorandum of Association and Articles of Association in the form as attached to the EGM notice as Exhibit A (the “Amended M&AA”), and the authorized share capital of the Company will be US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each comprising of (i) 59,375,000 Class A Ordinary Shares of a par value of US$0.001 each, and (ii) 3,125,000 Class B Ordinary Shares of a par value of US$0.001 each, with the rights attaching to such shares as set out in the Amended M&AA, including that each Class A Ordinary Share is entitled to one vote, and is not convertible into Class B Ordinary Share under any circumstances, and each Class B Ordinary Share is entitled to twenty (20) votes, subject to certain conditions, and is convertible into one Class A Ordinary Share at any time by the holder thereof.

    A proposal to grant the Chairperson of the board of directors and Chief Executive Officer of the Company (the “Founder”), one or more awards under the Company’s 2024 Share Incentive Plan will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the Company will be authorized to grant the Founder awards under the Company’s 2024 Share Incentive Plan (as may be amended from time to time), in the form of options, restricted share units or other types, to acquire an aggregate of up to 1,500,000 Class B Ordinary Shares, of which the first 750,000 Class B Ordinary Shares shall vest only upon the Company achieving a market capitalization of at least US$1 billion, and the remaining 750,000 Class B Ordinary Shares shall vest only upon the Company achieving a market capitalization of at least US$2 billion, as an incentive for his continued service and to align his interests with those of the Company and its shareholders.

    A proposal for the Company to adopt a treasury management plan will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the Company will adopt the treasury management plan in the form as attached to the EGM notice as Exhibit B for the purposes of improving the treasury management of the Company, and the Company and its board of directors be authorized to take all actions as may be necessary for the purposes of carrying out such treasury management plan, including issuing ordinary shares or other securities to raise funds to acquire digital gold, or acquiring digital gold through its subsidiaries and/or investees, which may include publicly listed companies, from time to time for purposes of carrying out such treasury management plan.

    The Board has fixed the close of business on June 20, 2025 (Eastern Standard Time) as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of, to attend, and to vote at, the EGM or any adjourned or postponed meeting thereof. Holders of record of the Company’s ordinary shares, par value US$0.001 per share, at the close of business on the Record Date are entitled to notice of, and to vote at, the EGM or any adjournment or postponement thereof. The notice of the EGM, which sets forth the resolutions to be submitted to shareholder approval at the meeting and includes the Amended M&AA and treasury management plan as exhibits, is available on the Company’s website at ir.antalpha.com.

    About Antalpha

    Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to institutions in the digital asset industry. As the primary lending partner of Bitmain, Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data.

    Contacts

    Investor Relations: ir@antalpha.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Canadian Banc Corp. At-The-Market Equity Program Renewed

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Canadian Banc Corp. (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in January 2024 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the “Agent”).

    Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company’s short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.com.

    The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

    The Company invests in a portfolio of six publicly traded Canadian Banks as follows:

    Bank of Montreal Canadian Imperial Bank of Commerce Royal Bank of Canada
    The Bank of Nova Scotia National Bank of Canada The Toronto-Dominion Bank
         

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

    Investor Relations:
    1-877-478-2372
    Local: 416-304-4443
    www.canadianbanc.com
    info@quadravest.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Dividend 15 Split Corp. II At-The-Market Equity Program Renewed

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. II (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in May 2023 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the “Agent”).

    Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company’s short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.com.

    The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

    The Company invests primarily in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial Corporation, Enbridge Inc., Sun Life Financial Inc., TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance   may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    www.dividend15.com
    info@quadravest.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Donald De Lucca Joins Advisory Board of Alternative Ballistics Corporation to Enhance Law Enforcement Growth Strategy

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, Nevada, June 20, 2025 (GLOBE NEWSWIRE) — Alternative Ballistics Corporation, an innovative public safety technology company, is proud to announce that Donald De Lucca, former President of the International Association of Chiefs of Police (IACP) and a seasoned law enforcement executive, has joined the company’s Advisory Board.

    Chief De Lucca brings over three decades of distinguished law enforcement experience, including leadership roles as Chief of Police for the cities of Doral, Golden Beach, and Miami Beach, Florida. He is currently a partner at V2 Global, where he leads domestic and international risk consulting and crisis management initiatives, in addition to heading the firm’s Law Enforcement Advisory Group.

    Throughout his career, Chief De Lucca has demonstrated a deep commitment to advancing law enforcement strategies, professional development, and community engagement. His tenure as the 104th President of the IACP – representing 33,000 police leaders in over 170 countries – underscores his global influence and dedication to modern policing. Under his leadership, agencies he commanded earned national recognition for implementing best practices from the President’s Task Force on 21st Century Policing.

    “I am honored to join the Advisory Board of Alternative Ballistics Corporation,” said Chief De Lucca. “I believe deeply in the mission to provide law enforcement with tools that enhance officer and public safety while supporting responsible and effective use of force. The Company is advancing a critical innovation, and I look forward to helping guide its growth and impact.”

    Steve Luna, CEO of Alternative Ballistics Corporation, welcomed the appointment: “Chief De Lucca’s unmatched leadership and experience in policing, both in the U.S. and internationally, will be instrumental as we continue expanding our reach and delivering mission-critical technology to law enforcement agencies. We are excited to have his insight and guidance on our Advisory Board.”

    About Alternative Ballistics Corporation

    Alternative Ballistics Corporation (“ABC”) produces The Alternative®, a patented less-lethal device designed to help law enforcement de-escalate potential lethal threats and reduce fatalities. The device attaches quickly to a service weapon and uses bullet capture technology to convert a live round into a non-penetrating impact projectile that can temporarily incapacitate an individual, allowing officers the opportunity to safely effect an arrest. It is intended for use when confronting non-compliant individuals who are in possession of a non-firearm weapon, oftentimes involving a person in crisis. After deployment, the firearm instantly reverts to standard use. A commercial version for civilian home-defense may also be available in the future.

    Forward-Looking Statements

    This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. In evaluating these forward-looking statements, you should consider various factors, including: our ability to advance the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

    Company Contact:
    info@alternativeballistics.com 
    www.alternativeballistics.com

    For Investor Inquiries, please contact:
    Hanover International, Inc.
    Kathy Cusumano, President
    ka@hanoverintlinc.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Bitget PRO Program Launches Limited-Time PRO+2 Upgrade to Supercharge High-Volume and Institutional Traders

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company, has announced a limited-time PRO+2 Level Upgrade Promotion alongside the announcement of Bitget PRO, an upgraded program designed to support the needs of institutional clients and high-frequency traders. Meant for eligible users, the promotion reinforces Bitget’s commitment to empowering professional traders with better rates, priority infrastructure, and exclusive perks.

    The Bitget PRO program introduces a dynamic tiered system built to streamline institutional access to lower fees, optimized API limits, exclusive loan and custody services, and expanded withdrawal limits. With the rise of algorithmic and institutional trading, Bitget PRO serves as a dedicated infrastructure layer that facilitates complex strategies and capital efficiency.

    “Institutional traders are shaping the future of digital finance through precision and scale. Bitget PRO is built to support their ambitions—offering advanced infrastructure and seamless access to tailored financial tools,” said Gracy Chen, CEO of Bitget. “Our time-limited PRO+2 upgrade is our way of welcoming top-tier participants into the program with minimal friction—unlocking superior benefits and showing our ongoing commitment to supporting institutional growth in crypto.”

    The PRO+2 Level Upgrade Promotion will run from July 2 to August 31, 2025, instantly boosting trading power for both new and existing users. Traders will be upgraded by two levels based on their June trading volume, while new users can apply for the same boost by submitting proof of past trading activity or asset holdings before August 15, 2025 (GMT+8). For example, approved traders currently tiered as PRO3, will get upgraded to receive PRO5 fee rates and benefits. This promotion allows eligible users to unlock up to PRO6-level benefits earlier than ever, including top-tier fee discounts, deeper liquidity, and personalized institutional support. Additional perks include improved fee structures on spot and futures, higher API rate limits, increased withdrawal caps, flexible sub-account management, and direct access to Bitget’s API team for real-time support.

    The Bitget PRO program is automatically assigned daily at 9:00AM (UTC+8), with qualification based on a user’s 30-day API trading volume. PRO1 and above require at least 20% of trades via API. Those who do not meet the criteria will revert to VIP tiers. This structure allows seamless mobility while rewarding activity and technical engagement.

    Earlier this year, Bitget strengthened its institutional offering with the launch of Institutional Lending, enabling up to 5x leverage on spot trading. Additional upgrades, including Unified Accounts and enhanced OTC services, reflect Bitget’s commitment to supporting professional traders with flexible, secure solutions.

    For more details on the Bitget PRO+2 Level Upgrade Promotion, visit here. For details on the Bitget PRO program in general, visit the official Bitget PRO Program page and direct inquiries to institution@bitget.com.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a6da46e-0407-43bb-b236-a93a5188d971

    The MIL Network –

    June 21, 2025
  • MIL-OSI: FV Bank Redefines Institutional-Grade Client and Tax Reporting Efficiency with Bitwave

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 20, 2025 (GLOBE NEWSWIRE) — FV Bank, a globally regulated digital asset custodian and banking platform, announced a landmark partnership with Bitwave to streamline and automate digital asset tax and financial reporting, setting a new institutional standard for compliance and operational scalability.

    As digital asset adoption continues to mature, so do the expectations for institutional accountability, tax transparency, and audit-readiness. With a customer base spanning over 70 countries and operations in one of the most stringently regulated environments in finance, FV Bank has taken a bold step forward to modernize its infrastructure and ensure compliance without compromising efficiency.

    Operational Innovation Meets Regulatory Excellence

    Leading custodians – like FV Bank – face unique reporting challenges when managing customer assets under the FBO (“For the Benefit Of”) accounting model. This structure requires financial teams to track assets and liabilities both at the institution level and for individual customers.

    By integrating Bitwave’s industry-leading financial platform, FV Bank has successfully automated the dual-layered reporting structure, creating both client-facing tax forms (such as 1099s) and detailed internal books that meet institutional audit standards.

    “At FV Bank, we take pride in offering secure, compliant, and forward-thinking financial services. Partnering with Bitwave allows us to push the envelope on what’s possible with digital asset reporting efficiency with global scale,” said Miles Paschini, CEO of FV Bank.

    “We’re not just solving a tax problem, we’re setting a new benchmark for operational excellence.”

    Solving Tax Complexity at Scale

    Tax reporting in digital assets is notoriously complex, especially for high-throughput financial institutions.

    With Bitwave, FV Bank has streamlined its tax workflows to automatically generate accurate, auditable gain/loss data for every client account. This eliminates the need for fragmented spreadsheets, manual reconciliations, and error-prone calculations.

    “FV Bank is a true leader in operational compliance and financial innovation,” said Pat White, CEO of Bitwave.

    “Their embrace of Bitwave for both internal and customer-facing reporting proves that institutions can lead the way in digital asset transparency and integrity.”

    Driving Scalable Compliance for the Future of Finance

    Bitwave’s robust platform is designed to meet the needs of enterprise-grade finance teams, enabling institutions like FV Bank to remain audit-ready, regulator-friendly, and technologically agile.

    This partnership represents a scalable solution that other neobanks, trust companies, and crypto-forward enterprises can emulate.

    As regulators and policymakers focus increasingly on transparency and accountability in crypto finance, FV Bank is not waiting to react, it’s leading.

    About FV Bank

    FV Bank is a fully licensed and regulated U.S. digital bank offering a vertically integrated suite of digital asset and traditional banking services. With a focus on innovation, security, and compliance, FV Bank is Banking the Future by providing USD banking, digital asset custody services, money market accounts, Visa debit cards, and stablecoin deposits and conversions, all accessible via a single, unified platform.

    For more information about FV Bank, please visit www.fvbank.us.

    About Bitwave

    Bitwave is the #1 digital asset subledger and on-chain finance platform for businesses.

    Built for enterprises and institutions, Bitwave simplifies digital asset tax, accounting, and payment workflows for global finance teams – all with a comprehensive, audit-ready platform.

    Trusted by Fortune 100 leaders, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams. We enable the digital asset economy with scalable financial operations.

    For more, visit bitwave.io.

    Media Contact:
    Kaleb Leija
    VP of Marketing, Bitwave
    marketing@bitwave.io 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e55433b-f39c-4295-b904-12b7ba085cab

    The MIL Network –

    June 21, 2025
  • MIL-OSI: FV Bank Redefines Institutional-Grade Client and Tax Reporting Efficiency with Bitwave

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 20, 2025 (GLOBE NEWSWIRE) — FV Bank, a globally regulated digital asset custodian and banking platform, announced a landmark partnership with Bitwave to streamline and automate digital asset tax and financial reporting, setting a new institutional standard for compliance and operational scalability.

    As digital asset adoption continues to mature, so do the expectations for institutional accountability, tax transparency, and audit-readiness. With a customer base spanning over 70 countries and operations in one of the most stringently regulated environments in finance, FV Bank has taken a bold step forward to modernize its infrastructure and ensure compliance without compromising efficiency.

    Operational Innovation Meets Regulatory Excellence

    Leading custodians – like FV Bank – face unique reporting challenges when managing customer assets under the FBO (“For the Benefit Of”) accounting model. This structure requires financial teams to track assets and liabilities both at the institution level and for individual customers.

    By integrating Bitwave’s industry-leading financial platform, FV Bank has successfully automated the dual-layered reporting structure, creating both client-facing tax forms (such as 1099s) and detailed internal books that meet institutional audit standards.

    “At FV Bank, we take pride in offering secure, compliant, and forward-thinking financial services. Partnering with Bitwave allows us to push the envelope on what’s possible with digital asset reporting efficiency with global scale,” said Miles Paschini, CEO of FV Bank.

    “We’re not just solving a tax problem, we’re setting a new benchmark for operational excellence.”

    Solving Tax Complexity at Scale

    Tax reporting in digital assets is notoriously complex, especially for high-throughput financial institutions.

    With Bitwave, FV Bank has streamlined its tax workflows to automatically generate accurate, auditable gain/loss data for every client account. This eliminates the need for fragmented spreadsheets, manual reconciliations, and error-prone calculations.

    “FV Bank is a true leader in operational compliance and financial innovation,” said Pat White, CEO of Bitwave.

    “Their embrace of Bitwave for both internal and customer-facing reporting proves that institutions can lead the way in digital asset transparency and integrity.”

    Driving Scalable Compliance for the Future of Finance

    Bitwave’s robust platform is designed to meet the needs of enterprise-grade finance teams, enabling institutions like FV Bank to remain audit-ready, regulator-friendly, and technologically agile.

    This partnership represents a scalable solution that other neobanks, trust companies, and crypto-forward enterprises can emulate.

    As regulators and policymakers focus increasingly on transparency and accountability in crypto finance, FV Bank is not waiting to react, it’s leading.

    About FV Bank

    FV Bank is a fully licensed and regulated U.S. digital bank offering a vertically integrated suite of digital asset and traditional banking services. With a focus on innovation, security, and compliance, FV Bank is Banking the Future by providing USD banking, digital asset custody services, money market accounts, Visa debit cards, and stablecoin deposits and conversions, all accessible via a single, unified platform.

    For more information about FV Bank, please visit www.fvbank.us.

    About Bitwave

    Bitwave is the #1 digital asset subledger and on-chain finance platform for businesses.

    Built for enterprises and institutions, Bitwave simplifies digital asset tax, accounting, and payment workflows for global finance teams – all with a comprehensive, audit-ready platform.

    Trusted by Fortune 100 leaders, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams. We enable the digital asset economy with scalable financial operations.

    For more, visit bitwave.io.

    Media Contact:
    Kaleb Leija
    VP of Marketing, Bitwave
    marketing@bitwave.io 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e55433b-f39c-4295-b904-12b7ba085cab

    The MIL Network –

    June 21, 2025
  • MIL-OSI Africa: Qatar Permanent Mission in Geneva Organizes Side Event on Role of Media in Enhancing Human Rights

    Source: Government of Qatar

    Geneva, June 20, 2025

    The Permanent Mission of the State of Qatar to the United Nations Office and other international organizations in Geneva, in cooperation with the permanent missions of Austria, Greece, and France, organized a side event today om the role of media in promoting human rights, on the sidelines of the 59th session of the Human Rights Council in Geneva.

    Among the speakers were HE Permanent Representative of the State of Qatar to the UN in Geneva Dr. Hind Abdulrahman Al Muftah, Director of the Department of Media and Communication at the Ministry of Foreign Affairs Ibrahim bin Sultan Al Hashmi, HE Austria’s Permanent Representative to the UN in Geneva Desiree Schweitzer, HE Greece’s Permanent Representative to the UN in Geneva Ioannis Ghikas, HE UN Special Rapporteur on the Right to Freedom of Expression Irene Khan, representative from the Office of the UN High Commissioner for Human Rights Michael Camilleri, Executive Director of Fondation Hirondelle Caroline Vuillemin, Callum Birch, Senior UN Advocacy Officer at ARTICLE 19, and Advocacy Director at the International Press Institute (IPI) Amy Brouillette. The event was moderated by CEO of Investigativ.ch Eva Hirschi.

    The event was attended by more than 80 participants, including diplomats, international and regional organizations, media institutions, and civil society organizations focused on human rights, peace, and development.

    HE Dr. Al Muftah emphasized that media is a foundational pillar of contemporary society, playing a crucial role not just in shaping public opinion and facilitating information flow, but also in defending democratic values, human rights, dignity, equality, and justice. She said that media also helps bridge divides by promoting our shared humanity.

    Her Excellency highlighted that Article 19 of the Universal Declaration of Human Rights, which guarantees the right to freedom of expression including the right to seek receive, and impart information regardless of frontiers. She stressed that freedom of expression and freedom of the press are interlinked and essential for an informed and engaged society.

    She noted that in the face of rising misinformation and polarization in a rapidly changing world, it has become more urgent than ever to understand and strengthen the relationship between media and human rights. She stressed that when media adheres to ethical standards and truth, it doesn’t just reflect reality, but becomes a powerful force for positive change, raising awareness, empowering individuals, and advancing global human rights.

    She added that journalists serve as the first line of defense for transparency and accountability in the information age, yet they face increasing threats, harassment, arrests, and even death for doing their jobs. She underscored that governments have a legal and moral responsibility to ensure a safe environment for journalists and media professionals to operate without fear of violence or retaliation.

    She also called for renewing collective commitment and joint efforts to protect press freedom, defend truth-tellers, and safeguard the essential role of media in promoting and protecting human rights.

    For his part, Al Hashmi said that the State of Qatar’s media model is based on supporting strong and credible media institutions in a secure environment that enables them to fulfill their vital role. He said the government respects journalists and maintains open, transparent engagement with them, while also actively working through diplomatic and multilateral channels to empower the media and provide necessary protections.

    He affirmed the State of Qatar’s ongoing sponsorship of major global initiatives, highlighting its role in promoting UN Security Council Resolution 1738 (2006) on protecting journalists in armed conflicts during Qatar’s presidency of the council.

    He also referred to the State of Qatar’s hosting of the 2012 International Conference on the Protection of Journalists in Dangerous Situations, and the 2016 launch of the Doha Declaration on the Protection of Journalists, which outlined core principles for journalist protection and clarified the responsibilities of states, organizations, media entities, and journalists themselves.

    Al Hashmi noted that Qatar’s Media City hosts many local, regional, and international media outlets that operate freely in a secure and strong media environment.

    UN Special Rapporteur Khan said that killing even one journalist is not just a loss of life, it sends a chilling message to others and fosters silence. She warned that lack of safety for journalists creates a climate of self-censorship, reinforcing the need for accountability for those who attack or kill journalists.

    She also drew attention to the serious violations journalists face in Gaza, the restrictions on media access to the territory, and the heightened risks for female journalists, especially in the digital realm. She pointed out that online gender-based violence is spilling over into real-life consequences for women in journalism.

    Khan warned that such smear campaigns can seriously endanger journalists by legitimizing violence against them, particularly when they are covering protests or operating in hazardous areas. She noted that this also undermines public trust in journalism.

    In the same context, speakers emphasized the critical role media plays in promoting and protecting human rights. They acknowledged the growing challenges faced by journalists, especially amidst rising hate speech, misinformation, and restrictions on free expression.

    They stressed the importance of empowering media to operate freely and independently, seeing it as a core tool for raising awareness, exposing abuses, and upholding justice and accountability.

    They underlined that combating impunity for crimes against journalists is vital to safeguarding media freedom and ensuring a safe environment where journalists can carry out their work without fear. Repeated targeting of journalists, they warned, undermines public trust and threatens society’s right to know.

    They also stressed that states have a legal and moral obligation to provide a safe environment for the press and protect journalists from threats or intimidation. They highlighted the importance of sustainable funding for media institutions to allow them to function independently of political or financial pressures. 

    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI: Founder Group Management Comments on Market Conditions in the U.S. for Solar Power Companies’ Stocks

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, June 20, 2025 (GLOBE NEWSWIRE) — Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, assures investors that the Company will not be impacted by a U.S. Senate panel’s proposed wind down of solar power tax credits by 2028.

    “Founder Group operates primarily in Malaysia and doesn’t have operations in the U.S. Therefore, the Company should not be affected by the sentiments currently causing selloffs of U.S. solar power stocks,” said Lee Seng Chi, Chief Executive Officer of Founder Group Limited. “Although we are listed on Nasdaq and trade alongside U.S. solar power stocks, we will not be impacted by the possible elimination of those tax credits.”

    “Our revenue is predominantly generated from the Malaysian market hence we are not affected by the changes suggested by President Donald Trump’s tax cut and spending bill,” Mr. Lee continued. “In the near future, our expansion will focus on regional expansion in Southeast Asia only. Expansion to the U.S. is not in our current plans.”

    About Founder Group Limited

    Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.

    For more information on the Company, please visit https://www.founderenergy.com.my/.

    Safe Harbor Statement

    This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

    CONTACT INFORMATION:

    For media queries, please contact:

    Founder Group Limited
    info@founderenergy.com.my

    Investor Relations Inquiries:

    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, New York 10036
    Office: (646) 893-5835
    Email: info@skylineccg.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI Africa: Togo: African Development Bank strengthens partnership with civil society

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

    The African Development Bank (www.AfDB.org) held its first-ever Civil Society Open Day in Lomé, Togo, on 3 June. The event brought together representatives from the Togolese government, around 30 national and international civil society organisations (CSOs), and Bank staff — all committed to strengthening development partnerships in Togo.

    The key personalities at the event all emphasised this shared vision.

    Opening the event, Stéphane Akaya, Secretary General of Togo’s Ministry of Economy and Finance, stressed the importance of civil society: “This open day with the African Development Bank reaffirms our joint commitment to inclusive and transparent progress. We are seeking to strengthen a tripartite partnership, where civil society is engaged from conception through to evaluation in order to ensure effective, people-centred development.”

    Seconding Mr Akaya’s point, Wilfrid Abiola, Head of the Togo Country Office of AfDB Group, said: “The African Development Bank Group remains committed to strengthening collaboration with Togolese civil society, which is a key player in sustainable development.”

    The CSO Open Day in Lomé aimed to strengthen collaboration between the Bank and civil society by sharing information on the Bank’s development operations and projects in Togo. It also sought to encourage dialogue on the role of CSOs throughout the project cycle — from planning and preparation to implementation, supervision, and completion.

    “We are keen to strengthen our partnership with civil society organisations in Togo, encouraging open dialogue and promoting their full participation in the projects that we support,” Zeneb Touré, Head of the AfDB’s Civil Society and Community Engagement Division, said.

    Minemba Traore, Senior Civil Society Officer for West Africa at the Bank Group, shared information on the institution’s engagement with CSOs, while Ndey Oley Cole, Senior Programme Officer in the AfDB’s Gender, Women and Civil Society Department, presented a summary of the exchanges.

    Key outcomes and next steps from the discussions included:

    • Greater involvement of civil society: CSOs will be included in all phases of development projects.
    • Creation of a formal dialogue platform: The Bank, government, and CSOs will work together to establish a permanent forum for ongoing consultation.
    • Capacity building for CSOs: Training will be provided in project monitoring and evaluation, proposal writing, and market access strategies.
    • Improved communication: The Bank will share information on its activities in Togo in a more dynamic and accessible way, better meeting the needs of partners and the public.
    • Promotion of social inclusion and diversity: Efforts will be made to ensure greater participation of young people and women in development initiatives.
    • Development of a detailed action plan: Concrete deliverables and clear deadlines will guide follow-up and ensure effective implementation of commitments.

    The Open Day laid the foundations for closer partnerships, which can provide spaces for exchange, consultation and collaboration between the Bank, CSOs and other stakeholders in Togo.

    Such an approach will enable the AfDB to better understand local priorities, discuss partnership opportunities and receive input from civil society on the projects that it finances in Togo.

    The initiative is aligned with the Bank Group’s Civil Society Engagement Action Plan 2024-2028, which was approved last year. Under Pillar 3 of this action plan, particular attention will be paid to strengthening dialogue with civil society organisations in the countries where the Bank works. Holding of civil society open days in regional member countries of the Bank is a key mechanism for operationalising this commitment.

    – on behalf of African Development Bank Group (AfDB).

    Link to photo album:
    https://apo-opa.co/4kMeIrx

    Media contact:
    Evelia Gadegbeku
    Communication and External Relations Department
    media@afdb.org 

    Media files

    Download logo

    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI Russia: Russia is becoming a key player in the new architecture of the global economy

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The geopolitical fragmentation of the global economy opens up new opportunities for Russia to cooperate with the countries of the Global South and strengthen its own role in global processes. This is stated in the HSE report presented at the St. Petersburg International Economic Forum as part of the VTB session.

    Analysts emphasize that the global economy is currently divided into three large blocs – the United States, China and non-aligned countries, which is accompanied by a reduction in trade and investment between them by 12% and 20% since 2022. Despite this, developing countries are increasing their share in world trade: the volume of trade between the countries of the Global South has grown from $2.3 trillion in 2007 to $5.6 trillion in 2023. This indicates the formation of new economic ties and growth centers.

    The report notes that the reversal of trade imbalances in 2024 – with the US deficit widening and China’s surplus rising, and the EU moving into positive balance – creates risks of new trade wars and investment reallocation, requiring companies to diversify supplies and expand their partner networks. Logistics challenges caused by conflicts in the Middle East and problems in the Suez and Panama Canals are stimulating the development of alternative routes, including the Northern Sea Route and “green corridors” for the accelerated delivery of critical cargo.

    Particular attention is paid to the role of the so-called connector countries – Malaysia, Vietnam and India, which are strengthening trade ties with individual partners, while Russia, Australia and the EU are reducing their dependence on traditional markets, which contributes to the formation of sustainable regional trade turnover.

    In the Russian context, experts note that human capital is becoming the main resource for economic growth: the average length of education for Russians aged 25–44 is 14 years, which is higher than in the US and Europe, but further investment in science and R&D is needed to realize this potential. In the context of the crisis, Russia has seen an increase in the production of high-tech products, the development of domestic tourism and paid services, as well as an increase in exports, which are less sensitive to sanctions.

    Investment activity is most noticeable in the small and medium enterprise sector and in the production of investment goods, which contributes to the diversification of the economy and the creation of new jobs. Key challenges include tightening monetary policy, rising credit costs, labor shortages and tax pressure, especially in the manufacturing industry.

    The authors of the report emphasize that a balanced budget policy and support for those employed in the public sector are necessary for macroeconomic stability, and sustainable growth is possible only with the simultaneous strengthening of the internal and external sustainability of the economy. In conditions of turbulence, Russia can play a key role in the formation of a new architecture of the global economy, focused on cooperation with the countries of the Global South and the creation of alternative development models.

    The report was prepared as part of the VTB session “In Search of New Sources of Growth: Is a Different Model of Global Financial and Trade Architecture Possible” at the St. Petersburg International Economic Forum. The session was attended by: Andrey Kostin, President and Chairman of the Management Board of VTB Bank; Yaroslav Kuzminov, Academic Director of the Higher School of Economics; Ahmed bin Mohammed Al Sayyed, Minister of State for Foreign Trade of Qatar; Oleg Deripaska, Founder, En Group; Serhat Keksal, President of the Black Sea Trade and Development Bank; Alexey Overchuk, Deputy Prime Minister of the Russian Federation; Benedict Okey Oramah, President and Chairman of the Board of Directors of Afreximbank; Anton Siluanov, Minister of Finance of the Russian Federation.

    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 –

    June 21, 2025
  • MIL-OSI USA: Miller Hosts RESILIENCE Act of 2025 Roundtable

    Source: United States House of Representatives – Congresswoman Carol Miller (R-WV)

    Washington, D.C. – On Tuesday, Congresswoman Carol Miller (R-WV) hosted a roundtable discussion with industry leaders to discuss her Repair Expenditures Support Infrastructure, Labor Investment, Energy Needs, and Creates Equity Act of 2025 (RESILIENCE Act of 2025). This bipartisan legislation introduced by Congresswoman Carol Miller (R-WV) and Brad Schneider (D-IL) will allow utilities to deduct repair costs from the Corporate Alternative Minimum Tax and will ensure that these companies are treated fairly.

    Click here for bill text.

    “The Inflation Reduction Act picked winners and losers in energy production, and hard-working Americans suffered the most by having to pay more for everything, including utilities. The Resilience Act of 2025 would fix the unfair tax treatment of utilities under the Corporate Alternative Minimum Tax by allowing regulated utilities to fully deduct repair expenditures. This bill would increase energy affordability for consumers and ensures tax fairness, ultimately creating a more resilient and reliable energy grid,” said Congresswoman Miller. 

    The RESILIENCE Act of 2025 is supported by American Water, the Edison Electric Institute, Appalachian Power, Exelon, and FirstEnergy:

    “We were honored to host Congresswoman Miller at West Virginia American Water for this robust discussion on her RESILIENCE Act. Water utilities are capital-intensive industries. American Water and other providers invest billions to maintain and improve their systems, ensuring safe, clean and reliable service. As it stands without a repairs adjustment, costs for utilities are increased. Congresswoman Miller’s legislation would codify this adjustment, benefiting customers – we applaud her for this forward-looking policy,” said Christine Keck, Vice President, Chief Legislative and External Affairs Officer at American Water.

    “Electric companies make substantial investments in the nation’s energy grid every year—investments that are critical to meeting growing electricity demand and to maintaining the availability of reliable, affordable, and resilient energy for hundreds of millions of customers nationwide. We appreciate Representative Miller hosting a roundtable with industry and labor stakeholders to discuss the RESILIENCE Act. This important bipartisan bill will support our industry’s ability to enhance grid reliability while helping to keep customer bills as low as possible. We look forward to working with Congress to ensure this cost-effective, common-sense legislation is enacted into law,” said Kristen Siegele, Executive Director of Government Relations at the Edison Electric Institute.

    “Allowing Appalachian Power and other utility companies to deduct the cost of critical repairs saves our customers money.  Last year, Appalachian Power experienced devastating damage from severe weather events, where we replaced approximately 2,000 poles, 700 transformers and 270 miles of wire to get customers back up and running. Securing this common-sense solution for these activities would free up funds to invest in other areas of our operations to improve the resiliency and reliability of the power grid. We applaud Rep. Carol Miller’s continued focus on this important issue,” said Appalachian Power, an AEP company.  

    “We applaud Representatives Miller and Schneider for their bipartisan leadership and thank Congresswoman Miller for convening this important roundtable. The RESILIENCE Act of 2025 addresses a critical tax fairness issue and will help lower energy costs for our customers, freeing up resources to invest in a more reliable and resilient grid,” said Exelon.

    “Repair and maintenance are critical investments that provide a reliable and resilient electric grid. We applaud Congresswoman Miller for her bipartisan leadership and for bringing us together for yesterday’s important and timely discussion. The RESILIENCE Act will allow electric companies to deduct these investments, helping to keep rates manageable for customers while strengthening our electric infrastructure,” said Chris Beam, FirstEnergy Vice President of Generation Project Development.

    ###

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI Security: St. Tammany Parish Man Charged with Bribery and Wire Fraud

    Source: Office of United States Attorneys

    NEW ORLEANS, LOUISIANA – Acting U.S. Attorney Michael M. Simpson announced that, on June 13, 2025, KENTRELL MAHONEY SCOTT (“SCOTT”), age 39, a resident of St. Tammany Parish, was charged, via bill of information, with one count of bribery of a  public official, in violation of Title 18, United States Code, Section 201, and two counts of wire fraud, in violation of Title 18, United States Code, Section 1343.

    According to the charging document, SCOTT was a public official who, directly or indirectly, accepted something of value in return for being induced to do an act, and omit to do an act in violation of his official duty, and in violation of Title 18, United States Code, Section 201(b)(2).  Specifically, in exchange for a $300 payment that he directly and corruptly sought and accepted from a supervisee under his charge, SCOTT agreed to assist a supervisee in violating the terms of supervision by obscuring the detection of the supervisee’s GPS monitoring.    

    Additionally, SCOTT was also charged with wire fraud, for advertising and selling unlawful brake tags and temp tags.  SCOTT, who was not licensed or approved by the City of New Orleans or the State of Louisiana, advertised the sale of brake tags and temp tags on Facebook and encouraged interested parties to message him. Thereafter, SCOTT met the purchasers in person to complete the transaction.

    Finally, SCOTT was charged with a second act of wire fraud, for making false and fraudulent submissions to the Louisiana Workforce Commission for the CARES Act Funded Unemployment Insurance Program. Specifically, in order to both remain eligible for unemployment insurance and to maximize the unemployment insurance benefits he received, SCOTT underreported his wages and later, falsely certified that he was unemployed. 

    If convicted of the bribery charge, SCOTT faces up to 15 years in prison, up to 3 years of supervised release, a fine of up to $250,000, and a $100 mandatory special assessment fee.  As to each of the wire fraud counts, SCOTT faces up to 20 years in prison, up to 3 years of supervised release, a fine of up to $250,000, and a $100 mandatory special assessment fee.

    Acting U.S. Attorney Simpson reiterated that a bill of information is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.

    Acting U.S. Attorney Simpson praised the work of the Federal Bureau of Investigation in investigating this matter.  Assistant U.S. Attorney Andre J. Lagarde of the Public Integrity Unit is in charge of the prosecution. 

    MIL Security OSI –

    June 21, 2025
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