Category: Finance

  • MIL-OSI: Phenom Resources Corp. to Present at the Battery and Precious Metals Virtual Investor Conference October 2nd

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Phenom Resources Corp. (TSX-V: PHNM) (OTCQX®: PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”), focused on gold and vanadium in Nevada, today announced that Paul Cowley, President & CEO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 2nd, 2024.

    DATE: October 2nd
    TIME: 10:30am EST
    LINK: https://bit.ly/3z584tW
    Available for 1×1 meetings

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

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

    Learn more about the event at http://www.virtualinvestorconferences.com

    Recent Company Highlights

    • Phenom to Drill Crescent Valley Gold Project in October
    • Phenom Reports Strong Gold Results from its Dobbin Gold Project, Nevada
    • Phenom Shares Historic Drill Results from its King Solomon Gold Project, Nevada

    About Phenom Resources Corp.
    Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America’s largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has options on three gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type targets and the Crescent Valley Property, a Bonanza high grade gold vein-type target.

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

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

    CONTACTS:
    Phenom Resources Corp.
    Paul Cowley
    CEO & President
    (604) 340-7711
    pcowley@phenomresources.com         http://www.phenomresources.com

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

    The MIL Network

  • MIL-OSI: Serabi Gold Plc to Present at the Battery and Precious Metals Virtual Investor Conference October 1st

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) — Serabi Gold Plc (AIM: SRB, TSX:SBI, OTCQX:SRBIF), based in London with Brazilian operations, focused on gold mining and development, today announced that Mike Hodgson, Chief Executive Officer, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 1st 2024.

    DATE: October 1st
    TIME: 12:00 PM ET
    LINK: https://bit.ly/3z584tW
    Available for 1×1 meetings: October 1, 2, 3

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

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

    Learn more about the event at http://www.virtualinvestorconferences.com.

    About Serabi Gold Plc

    Serabi Gold plc is a gold exploration and production company involved in the evaluation and development of gold deposits in Brazil. The company’s primary interests are its 100% owned Palito Mining Complex and the Coringa Gold Project, both located in the Tapajos region of northern Brazil. The Company has been producing gold since continuously since 2013 and planned production of 38,000-40,000 ounces for 2024 is projected to be expanded to an annual rate of over 60,000 ounces over the coming two years. The Tapajos region, which encompasses an area of about 100,000 square kilometres (350 km by 300 km) in southwest Para State, Brazil, is located approximately 1,300 km southwest from the state capital, Belem. Artisanal miners (“garimpeiros”) are understood to have extracted up to 30 million ounces of gold there since the 1970s, mostly from alluvial and surface weathered bedrock deposits representing generally only the top 20 to 30 metres. It is reported to be the world’s third largest alluvial gold field and the Company believes that the region, with significant mineral potential below the artisanal operation, is a major, under-explored mineral province.

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

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

    CONTACTS:
    Serabi Gold
    Jonathan Paterson
    IR
    +1 475 477 9401
    Jonathan.Paterson@Harbor-Access.com

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

    The MIL Network

  • MIL-OSI: Western Investment Company Announces Upsize in Private Placement to $25 Million

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Sept. 26, 2024 (GLOBE NEWSWIRE) — The Western Investment Company of Canada Limited (TSXV: WI) (“Western” or the “Corporation“), today announced that, further to Western’s August 30, 2024 news release, the Corporation has decided to increase the maximum offering for its proposed private placement of Units (the “Private Placement“) to $25 million, with an additional $5 million over-allotment at Western’s option, for potential aggregate gross proceeds of up to $30 million. The Private Placement will close at the conclusion of the rights offering that was outlined in Western’s August 30, 2024 news release, which is expected to occur in late November.

    “We have received substantially more interest than we expected and that we are able to allocate,” said Scott Tannas, President and CEO of Western. “As a result, we have decided to upsize the private placement from $10 million to $20 million ($25 million including Tevir’s $5 million commitment), with a potential additional $5 million over-allotment, to bring as many long-term shareholders into this opportunity as possible.”

    The Private Placement
    Western plans to raise up to $25 million through a private placement financing to accredited investors of up to 62,500,000 units (each a “Unit“) at a price of $0.40 per Unit. Each Unit will consist of one common share of the Corporation (“Common Share“) and one warrant to purchase a Common Share (“Warrant“), with each Warrant exercisable to purchase one additional Common Share for a period of five (5) years from the date of closing at an exercise price of $0.47. The Private Placement will also contain an over-allotment option for up to additional 12,500,000 Units issuable at $0.40 per Unit upon the same terms. Western may engage one or more brokers to act as agent for the Private Placement. The Private Placement is subject to approval of the TSXV.

    Use of Proceeds
    Further to Western’s August 30, 2024 news release, the Corporation plans to use the proceeds from the Private Placement to fund working capital and provide funds for acquisitions. A portion of the proceeds may be used to pay the cash portion for the purchase of additional shares in Fortress Insurance Company.

    Other Transactions
    Readers should refer to Western’s August 30, 2024 news release for details regarding additional transactions of Western, including a planned rights offering by Western to its shareholders.

    About The Western Investment Company of Canada Limited
    Western is a unique publicly traded, private equity company founded by a group of successful Western Canadian businesspeople, and dedicated to building and maintaining ownership in successful Western Canadian companies, and helping them to grow. Western’s shares are traded on the Exchange under the symbol WI.

    For more information on Western, please visit its website at http://www.winv.ca.

    To add yourself to our email news alert subscription please visit this link.

    CONTACT INFORMATION – The Western Investment Company of Canada Limited

    Scott Tannas President and Chief Executive Officer (403) 652-0408 or stannas@winv.ca  

    Advisories

    The TSXV has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this news release.

    This document contains forward-looking statements. More particularly, this document contains statements concerning: the completion of and the use of proceeds from the Private Placement. Readers are cautioned that the foregoing list of factors should not be construed as exhaustive.

    The forward-looking statements are based on certain key expectations and assumptions made by Western, including expectations and assumptions concerning the ability of Western to successfully implement its strategic plans and initiatives, the timing of receipt of required regulatory approvals (including TSXV approval) and third party consents and the satisfaction of other conditions to the completion of the Private Placement.

    Readers should also refer to the forward-looking statements and associated assumptions and risk factors contained in Western’s August 30, 2024 news release regarding the Private Placement and the other transactions referred to therein. The transactions referred to in Western’s August 30, 2024 news release (including the planned rights offering) remain subject to TSXV approval.

    Although Western believes that the expectations and assumptions on which the forward-looking statements made by Western are reasonable, undue reliance should not be placed on the forward-looking statements because no assurance can be provided that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks that required TSXV, regulatory and third party approvals and consents are not obtained on terms satisfactory to the parties within the timelines provided for, or at all, and risks that other conditions to the completion of the Private Placement are not satisfied on the required timelines or at all, the ability of management to execute its business strategy, and the impact of general economic conditions in Canada and the United States. A description of additional assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Western’s disclosure documents on the SEDAR+ website at http://www.sedarplus.ca.

    The forward-looking statements contained in this news release are made as of the date hereof and Western undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Warrants and underlying Common Shares and the Common Shares being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

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

    The MIL Network

  • MIL-OSI: GGI, co-founded by MixMarvel and Yeeha! Games, forges Strategic Partnership with ArkForge to Revolutionize Web3 Gaming

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) — Galaxy Girl Interactive (GGI), a web3 group co-founded by MixMarvel and Yeeha! Games, is thrilled to announce its strategic partnership with ArkForge, a groudbreaking move that signifies the fusion of traditional gaming with the cutting-edge world of Web3 games. This exciting collaboration marks a pivotal moment in the gaming industry, where the best of Web2 and Web3 come together to create a truly immersive and engaging experience for players worldwide.

    GGI is a leading Web3 gaming group based in Singapore. Born from MixMarvel and Yeeha Games’ collaboration, it is all about fun and possibility, like exploring a galaxy. Our motto ‘Play Together Create Together’ perfectly matches the idea of forming communities, or ‘Galaxies’, where players share experiences and benefits. As we expand, this community will become a powerful force, shaping the Web3 gaming world and beyond. GGI serves as the definitive gateway to gaming for builders and mass players with cutting-edge infrastructure, platform and top-tier investment, incubation, and publishing services.

    ArkForge, renowned for its expertise in Web 2.0 gaming and full-suite marketing and publishing services, has been a dominant force in the Web2 space since its founding in 2017. With a strong presence in markets across Southeast Asia, Japan, Korea, Europe, and the U.S., ArkForge has established itself as a leading player in the industry. Moreover, ArkForge’s unwavering commitment to Esports and its vibrant global community of passionate gamers, has demonstrated remarkable engagement and growth over the past years. Beyond Esports, ArkForge’s platform has connected gamers from diverse regions, fostering a community of dreamers known as Raiders. Through captivating exhibitions and community events, ArkForge has rapidly expanded its reach across the globe, solidifying its position as a key player in the gaming industry.

    Meanwhile, GGI has been empowering growth in Web3 gaming, leading the movement in pioneering innovation and excellence within the decentralized web. As the leading Web3 group serving as the definitive gateway to gaming for builders and players, GGI has a proven track record of delivering high-quality titles celebrated by communities worldwide. MetaCene, the highly anticipated MMORPG incubated and published by GGI, has garnered over 100,000 players at its ongoing Gold Rush playtest on Mantle. GGI’s upcoming publishing lineup includes 7 Telegram mini-games, 5 large-scale midcore games, and 10 indie studios, showcasing its expertise in selecting and optimizing diverse, high-potential projects across genres. GGI collaborates closely with seasoned APAC game developers and content creators, providing modular infrastructure and tailored go-to-market support, co-creating IPs that transcend ecosystems and attract mass audiences. By combining forces with ArkForge, GGI aims to create a more inclusive and dynamic gaming ecosystem that spans both Web2 and Web3.

    This partnership holds great promise for GGI. It is positioned to drive innovation and enhance the gaming experience for players by combining the strengths of both Web2 brought by ArkForge and Web3 technologies and insights from GGI. This will be achieved by utilizing ArkForge’s extensive experience in Esports, Influencer Marketing, Exhibitions, and Community Events, along with GGI’s expertise in Content Incubation, Gaming Distribution and Publishing, and Web3 Infrastructure.

    “We believe that this partnership represents a significant step forward in the evolution of gaming,” said Nancy, CEO of Yeeha! Games, the co-founder of GGI. “By harnessing the strengths of both Web2 and Web3, we aim to create a more vibrant and inclusive gaming ecosystem that benefits players, developers, and the industry as a whole.”

    While recognizing the challenges ahead, GGI and ArkForge are resolute in their commitment to progress, understanding that the fusion of traditional gaming and Web3 technology will yield remarkable outcomes for all stakeholders. Together, they eagerly anticipate the ongoing evolution of the gaming industry on Web3 and extend a warm invitation to gaming enthusiasts to join them in this exhilarating new chapter.

    About GGI
    GGI, the leading Web3 group co-founded by MixMarvel and Yeeha! Games, serving as the definitive gateway to gaming for builders and mass players with cutting-edge infrastructure, platform and top-tier investment, incubation, and publishing services.

    Affiliated Brands:
    •️ MixMarvel
    •️ ️Yeeha
    ️•️ Rangers Protocol

    GGI Pillar Services:
    •️ Investment
    •️ Content Incubation
    •️ Game Publishing & Distribution Platform
    •️ Infrastructure

    Contact Details:
    Connie Wu
    Marketing Manager
    connie.w@yeehagames.com

    Fay Ying, Co-Founder
    fay@arkforge.gg

    Disclaimer: This content is provided by Yeehagames. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4d0cd4af-4e03-459a-9dd7-fb16cf1ce046

    https://www.globenewswire.com/NewsRoom/AttachmentNg/31188fb3-c040-4e79-8b07-504abb2663c3

    The MIL Network

  • MIL-OSI Video: President Biden hosts a Cabinet Meeting at the White House

    Source: United States of America – The White House (video statements)

    For three and a half years, this Cabinet has done big things.

    And folks, Kamala and I are determined to continue ensuring our democracy delivers what Americans deserve over the next few months:

    Investing in America, rebuilding our infrastructure, and implementing historic laws.

    https://www.youtube.com/watch?v=hTtEVj9Ghq4

    MIL OSI Video

  • MIL-OSI Economics: China to Host 10th AIIB Annual Meeting in 2025

    Source: Asia Infrastructure Investment Bank

    The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that the Bank’s 10th Annual Meeting will be held in Beijing in June 2025.

    A ceremony took place in Samarkand, Uzbekistan to mark the end of the 2024 AIIB Annual Meeting and the handover to the host country of the 2025 AIIB Annual Meeting.

    Lan Foan, AIIB Governor for China, Chair of the AIIB Board of Governors for 2025 and host of the 2025 AIIB Annual Meeting, received the gavel in a ceremonial transfer from Laziz Kudratov, AIIB Governor for Uzbekistan and Chair of the AIIB Board of Governors for 2024 and host of the 2024 AIIB Annual Meeting.

    “We are grateful for the continued support from both the Governments of China and Uzbekistan,” said Jin Liqun, AIIB President and Chair of the Board of Directors. “The AIIB Annual Meetings are an important opportunity to seek invaluable insights and guidance from our shareholders on our Bank’s strategic direction and initiatives. Active engagement with our shareholders has been essential for promoting transparency and cooperation, which underpins AIIB’s growth and impact.”

    “Since its establishment, with the joint support of all Members and the joint efforts of the Management and staff led by President Jin Liqun, AIIB has achieved remarkable results in its business operations and has been fully recognized by the international community,” said Minister Lan Foan. “AIIB has become a new and important member of the multilateral development bank family and has made positive contributions to promoting global economic governance reform and achieving common global development. 2025 marks the 10th anniversary of AIIB, and we look forward to reflecting on the Bank’s achievements over the past decade and collaborating to shape the development blueprint of the Bank for the next 10 years.”

    The dignitaries also expressed their appreciation to the people and government of Uzbekistan for hosting the 2024 AIIB Annual Meeting.

    About AIIB

    The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved Members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

    MIL OSI Economics

  • MIL-OSI Asia-Pac: Taiwan’s Trade Remedy Commission determines to Continue the Antidumping Investigations on Portland Cement and its Clinker from Vietnam

    Source: Republic Of China Taiwan 2

    On September 26, 2024 the Trade Remedy Commission of the Ministry of Economic Affairs (MOEA) made an affirmative preliminary determination in its injury investigation involving the antidumping duty case concerning Portland Cement and its Clinker from Vietnam.

    According to the affirmative preliminary determination, the Trade Remedy Commission found that there is a reasonable indication that an industry in Taiwan(ROC) is threatened with materially injured by reason of imports of Portland Cement and its Clinker from Vietnam that are alleged to be sold in Taiwan(ROC) at less than normal value.

    Under the jurisdiction set forth in the Regulations Governing the Implementation of the Imposition of Countervailing and Antidumping Duties, the MOEA shall make an investigation, conducted by the International Trade Administration, as to whether there is any injury to a Taiwan(ROC) industry. As a result of the MOEA’s affirmative preliminary determination, the Ministry of Finance will continue to conduct a dumping investigation of imports of Portland Cement and its Clinker from Vietnam, and its preliminary determination will be made within 70 days (if not extended) after the next day of receipt of a notice of the foregoing determination.

    A public version of the injury investigation report in Chinese will be available after October 26, 2024 from the International Trade Administration’s website (https://www.trade.gov.tw/).

    MIL OSI Asia Pacific News

  • MIL-OSI: NANO Nuclear Energy Inc. Executives to Present at the ArcStone – Kingswood Growth Summit 2024

    Source: GlobeNewswire (MIL-OSI)

    Senior Company leaders will participate in a panel discussion highlighting the energy transition on September 26th, 2024.

    New York, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” of “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced that several senior executives will participate in a panel discussion at the ArcStone-Kingswood Growth Summit 2024, taking place in Toronto Canada on September 26, 2024.

    The ArcStone-Kingswood Growth Summit 2024 will offer exclusive access to insightful sessions and expert-led panels on listing and cross-listing companies. Investors will have the opportunity to engage with executive management from both private and public companies across a range of high-growth sectors, including Technology, Artificial Intelligence, Energy, and more.

    NANO Nuclear will take part in a panel discussion titled “Traditional Energy & Energy Transition” on September 26th. This session will be moderated by Jack Bensimon, Managing Partner, ArcStone Securities and Investments Corp.

    “It is a pleasure for us to participate in this cross border growth summit,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “We are passionate in our mission to revolutionize the way industries around the world utilize nuclear energy. The Growth Summit in Toronto will continue our international reach, as well as discuss how advanced nuclear solutions can reshape the energy landscape in Canada. I am delighted to attend and look forward to our panel discussion, which will be an informative and exciting feature of the day.”

    Figure 1 – NANO Nuclear Energy Inc. to Participate in an ArcStone-Kingswood Growth Summit 2024 Panel Discussion Titled “Traditional Energy & Energy Transition.”

    The event will showcase over 30 public and private companies from around the world, with more than 400 institutional investors, family offices, retail wealth advisors, high net worth individuals, and industry professionals expected to attend. The conference will include corporate presentations, panel discussions, one-on-one investor meetings, cocktail receptions, and an invitation-only VIP dinner, bridging the gap between Canadian and U.S. capital markets, and offering a platform for companies to highlight their growth potential and connect with key investors.

    “I am delighted to see NANO Nuclear take part in this year’s ArcStone – Kingswood Growth Summit,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “NANO Nuclear is dedicated to innovation, like our proprietary microreactors and ancillary business lines, for the wider nuclear energy industry. Events like this are essential, as they provide a platform for business leaders and stakeholders to collaborate on addressing the challenges of today and planning for tomorrow.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206
    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy TWITTER

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations, (iii) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (v) similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and the NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at http://www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network

  • MIL-OSI: Bitdeer Completes Testing of its Latest SEAL02 Bitcoin Mining Chip

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced the successful testing of its latest Bitcoin mining chip, SEAL02, following tape-out.

    SEAL02 uses one of the most advanced process nodes in partnership with TSMC, a world-leading semiconductor foundry. An exceptional power efficiency ratio of 13.5 J/TH – while running at low voltage, ultra power-saving mode – was indicated in SEAL02 chip’s verification and prototype tests, achieving the power efficiency milestone outlined in the SEALMINER technology roadmap announced in June 2024.

    Linghui Kong, Chief Business Officer of Bitdeer, commented, “We are thrilled about achieving SEALMINER’s power efficiency target as reflected in our roadmap. Our ongoing commitment to R&D is making possible innovative and superior solutions that will set new benchmarks for efficiency and transparency to benefit the wider mining ecosystem.”

    SEAL02 will be integrated into the Company’s upcoming SEALMINER A2 mining machines, with mass production scheduled to commence in November 2024.

    Additionally, R&D work on the Company’s upcoming chip, SEAL03, is ongoing and the Company’s product release milestone is on track.

    Bitdeer has a full-fledged team of professional engineers dedicated to R&D across key domains, including ASIC design, algorithm development, platform architecture, software and hardware. The Company will continue to work alongside its customers in contributing to the security of the Bitcoin decentralized network.

    About Bitdeer Technologies Group

    Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

    Contact:

    Public Relations
    Wachsman
    Bee Shin
    bitdeer@wachsman.com

    The MIL Network

  • MIL-OSI: IMPACT Silver to Present at the Battery and Precious Metals Virtual Investor Conference October 1st

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — IMPACT Silver Corp. (IPT:TSX.V, ISVLF:OTCQB, IKL:FRA), based in Vancouver, BC, focused on silver and zinc exploration and production, today announced that Steven Gold, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 1st 2024.

    DATE: October 1st
    TIME: 11:00 AM ET
    LINK: https://bit.ly/3z584tW
    Available for 1×1 meetings: September 30, October 1 and October 2, 2024

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

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

    Learn more about the event at http://www.virtualinvestorconferences.com.

    IMPACT Silver Corp. (TSXV:IPT, OTCQB:ISVLF) is a successful intermediate mineral producer and explorer with three mining projects in Mexico.

    Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $271 million, with no long-term debt.

    Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is expected to reach design capacity production levels over the next six months. Exploration potential at Plomosas is exceptional where only 600m of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.

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

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

    CONTACTS:
    Jerry Huang
    Chief Financial Officer
    jerry@impactsilver.com

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

    The MIL Network

  • MIL-OSI Security: Statement on allegations against Mohamed Al Fayed

    Source: United Kingdom London Metropolitan Police

    As a result of numerous allegations against Mohamed Al Fayed being reported in the media, we are now asking any potential victim-survivors who may not have come forward before to do so.

    We recognise the significant step many people have already taken in reporting allegations, and know there are many reasons others may have not yet come forward.

    We must ensure every victim-survivor who has reported offences or is considering reporting has the confidence and ability to speak to us.

    Officers are currently making contact with other organisations, including lawyers representing individuals whose allegations have featured in recent media coverage, to ensure they have the opportunity to speak with us and report any offences.

    Additional, specialist support for those who have made contact with us in the past, along with those who come forward, has been put in place and this will continue as our enquiries progress.

    This support will be provided by specially trained officers with experience in dealing with sexual offences who will work with victim-survivors and provide links to external support agencies should this be required.

    It is important to make clear at this stage that it is not possible for criminal proceedings to be brought against someone who has died.

    This means there is no prospect of any conviction relating to Al Fayed himself.

    However, we must ensure we fully explore whether any other individuals could be pursued for any criminal offences.

    As such, we are carrying out full reviews of all existing allegations reported to us about Al Fayed to ensure there are no new lines of enquiry based on new information which has emerged.

    Commander Stephen Clayman said: “We recognise the significance of the allegations made against Mohamed Al Fayed and the impact this has had on those affected. It is vital that any victims have a voice and are able to report any allegations if they have not done so before, and know that they will be taken seriously. We have specialist teams to ensure all those victims who make contact with us are supported in the best way possible.

    “I understand that for many years many people have sought answers in relation to this case. We will do everything possible to update on our progress when we can, but it is crucial we do this thoroughly and we do it right.”

    There are various ways to contact police about your experience:

    – call the Complex Investigation Team on 020 8217 6582 or 6586 between 8am and 6pm Monday to Sunday;
    – call 101 at any time and quote CAD1920/26Sep;
    email here or CSCMailbox-.ComplexInvestigationTeam@met.pnn.police.uk
    – use the following online portal here where you can provide information here.

    Information and further advice on speaking to police if you have been the victim of a sexual offence, or to access independent support groups, can be found on our website.

    Allegations

    At this time we have identified 19 allegations which resulted in crimes being recorded involving Al Fayed relating to 19 separate women that were reported to the Met between 2005 and 2023.

    The offences were alleged to have taken place between 1979 and 2013. Of these reports, three were allegations of rape, 15 were sexual assault and one related to trafficking.

    Between 2005 and 2023 we approached the Crown Prosecution Service on five occasions – two of these, in 2009 and 2015, were to pass full files of evidence. The remaining three approaches were for early investigative advice.

    In all 19 allegations that were reported to police there was no further action taken against Mohamed Al Fayed.

    We have now received new allegations from people who have not previously contacted us about Mohamed Al Fayed. We are not confirming the number at this time.

    MIL Security OSI

  • MIL-OSI USA: Department of Defense Awards $12.9 Million to Increase Production of Active Materials for Lithium Iron Phosphate Cathodes

    Source: United States Department of Defense

    The Department of Defense (DoD) announced today a $12.9 million award via the Defense Production Act Investments (DPAI) program to Nano One Materials Corp. (Nano One). The award will help optimize and increase Nano One’s production of active materials for lithium iron phosphate (LFP) cathodes at its Candiac, Québec and Burnaby, British Columbia facilities.

    The effort, which uses funds appropriated by the Inflation Reduction Act (IRA), directly bolsters the National Defense Industrial Strategy’s objective to expand support for domestic production of critical materials in key supply chains, as well as the IRA’s goals of increasing domestic energy production and promoting clean energy. Canada has been considered a “domestic source” for DPA funds since 1992.

    “Shoring up domestic production capabilities across key nodes of the large-capacity battery supply chain is essential for meeting growing battery demands,” said Dr. Laura Taylor-Kale, Assistant Secretary of Defense for Industrial Base Policy (ASD(IBP)). “This award is another important advance towards increasing the availability of safer, lower-cost, and longer-lasting battery materials, which will strengthen U.S. national security.”

    “Canadian businesses are seizing job-creating opportunities delivering secure and reliable supplies of critical minerals to our allies, while building up the North American battery supply chain,” said Honorable Jonathan Wilkinson, Minister of Energy and Natural Resources Canada. “Today’s announcement at the Nano One facility in Candiac, Quebec, further cements Canada’s place as a reliable global supplier in sustainable battery production with our American partners while complementing over CAD $20 million in investments and support by the Government of Canada. We will continue to advance collaboration with the United States, including through the Energy Transformation Task Force and the Joint Action Plan on Critical Minerals Collaboration.”

    With these funds, Nano One will demonstrate commercial-scale production of LFP cathode active materials, critical precursors in the large-capacity battery supply chain. LFP has considerable advantages for military applications, including high-power, advantageous safety characteristics, and a high cycle life. Additionally, all LFP inputs can eventually be sourced in North America, further reducing reliance on foreign sources.

    This is the latest of 60 awards made by the DPAI program across multiple areas, totaling $602 million since the beginning of Fiscal Year 2024. DPAI is overseen by the OASD(IBP)’s Manufacturing Capability Expansion, and Investment Prioritization (MCEIP) directorate.

    For more information on MCEIP, please visit: https://www.businessdefense.gov/ibr/mceip/index.html

    About the Office of the Assistant Secretary of Defense for Industrial Base Policy (OASD(IBP))

    The OASD(IBP) works with domestic and international partners to forge and sustain a robust, secure, and resilient industrial base enabling the warfighter, now and in the future.

    MIL OSI USA News

  • MIL-OSI Translation: 26/09/2024 Solutions for entrepreneurs affected by floods

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Each taxpayer affected by the flood may apply in the manner provided for in the Tax Ordinance for the cancellation of tax liabilities. Entrepreneurs affected by the flood may take advantage of extended deadlines for payment of IVA, PIT and CIT taxes. Victims have extended deadlines for submitting JPK_VAT, summary information, the vast majority of VAT returns. A 0% VAT rate applies to donations of goods and services provided in connection with assistance to flood victims, the same rate applies to donations of building materials for the reconstruction or renovation of flood-damaged properties. We enable the use of additional tax reliefs. Injured entrepreneurs will receive a refund of the costs of purchasing cash registers up to PLN 2,000. A special hotline is operating for flood victims. The Ministry of Finance has prepared regulations that contain a number of solutions intended for victims of the September flood. In the scope not covered by the regulation, each taxpayer affected by the flood may apply in the manner provided for in the Tax Ordinance for the cancellation of tax liabilities. We are extending tax payment deadlines Entrepreneurs affected by the flood have extended tax payment deadlines for IVA, PIT and CIT. In the case of VAT, the deferral of tax payment is valid until 25 January 2025. In the scope of PIT and CIT, the deferral applies to tax advances and taxes due for August-December 2024. Entrepreneurs will settle the tax only in their annual tax return. A similar solution will apply to the flat-rate tax on recorded revenues, the so-called minimum tax on buildings and those CIT taxpayers whose tax year is different than the calendar year. The postponement also applies to the tax paid to the tax office for employees of affected companies. The above solutions apply to taxpayers and payers affected by the flood, having a place of residence or registered office or management board, respectively, and conducting business in the areas of municipalities covered by the state of natural disaster. At the same time, we are postponing the deadlines for submitting monthly and quarterly VAT declarations, summary information and JPK-VAT until November 25, 2024 (this applies to those declarations and information whose deadlines for submission fall in the period from September to October 2024). Additional tax reliefs In the event of transferring ownership of fixed assets to affected entrepreneurs free of charge or financing their purchase, entrepreneurs have the option of including depreciation write-offs in the costs of obtaining income until the end of the next calendar year. Entrepreneurs lending fixed assets to affected persons have the option of continuing depreciation write-offs and including them in the costs of obtaining income revenues.These reliefs are valid until the end of the next calendar year, subject to the second (applies throughout the entire depreciation period).In terms of stamp duty, exemption from official acts, issuing certificates or permits, submitting a power of attorney, proxy, its extract, extract, copy in matters related to the removal of the effects of flooding – submitted/issued on July 15, 2025.IVA 0% en donationsThe 0% IVA rate is applied to donations of all kinds of goods, e.g. food, blankets, sleeping bags, clothes, but also free services, such as accommodation or rental of power generators, which may be necessary to mitigate the effects of the disaster.The solution can be used by entrepreneurs making donations for purposes related to helping flood victims. It concerns support implemented through entities, usually public benefit organizations, local government units, medical entities and the Government Agency for Strategic Reserves. The 0% rate may be applied to donations made from September 12 to December 31, 2024. Details in the announcement. IVA 0% for donations of building materials for flood victims From September 24, 2024, a regulation has been in force allowing the application of a 0% VAT rate for donations of building materials transferred to victims whose real estate was destroyed as a result of the September cataclysm. The 0% rate applies to donations of such materials transferred directly to: natural persons, entities conducting activities: education, cultural, in the field of health care, social care, care for children, youth and the elderly, in the field of collective accommodation of pupils and students,

    whose properties are located in the municipalities affected by the disaster and who have the formal right to dispose of these properties. The 0% rate may be applied to donations of building materials made from the date of entry into force of the regulation, i.e. September 24, 2024, March 31, 2025. The aim of the solution is to facilitate the reconstruction or renovation of buildings and structures destroyed by the flood, and thus a faster return to normal life for residents of the area affected by the disaster. Details in the announcement. Reimbursement of the costs of purchasing a cash register In response to the demands of entrepreneurs from areas affected by the flood, the Ministry of Finance is introducing a refund of the costs of purchasing cash registers up to PLN 2,000. This solution applies to entrepreneurs who lost their cash registers as a result of the flood, who have a place of residence or registered office or management board, respectively, and who conduct business in the areas of municipalities affected by the natural disaster. Additionally, producer and importer of cash registers associated with the National Chamber of Commerce for Electronics and Telecommunications (KIGEiT) declared their assistance to entrepreneurs in carrying out tests of cash registers that were damaged in the flood, as well as a special offer for entrepreneurs who lost their cash registers as a result of the flood. Helpline and taxpayer service points There is a special helpline that taxpayers affected by the flood can call. The helpline is open on weekdays from 8:00 a.m. to 4:00 p.m. From 8:00 to 18:00, phone number 22 460 59 30. Tax authorities will consider applications from flood victims first, and certificates for affected taxpayers (on income, revenue, no arrears) will be processed “on the spot”, both submitted directly to tax offices or electronically. In tax offices where direct service is not possible, taxpayers are served via remote channels. Affected taxpayers can submit applications at any nearest tax office. To facilitate and speed up assistance to victims, temporary taxpayer service points may be created, depending on the needs.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI United Kingdom: Architectural competition winner crowned for Wolverhampton’s St George’s neighbourhood

    Source: City of Wolverhampton

    This summer saw City of Wolverhampton Council join forces with social impact developer Capital&Centric and the Royal Institute of British Architects (RIBA) to challenge competing teams of renowned architects to put forward their ideas to turn the 5 acre former Sainsbury’s site and historic St George’s Church into a new neighbourhood for the city.

    The team made up of Mikhail Riches and Periscope practices has been crowned the winner.

    Locals flocked to a Dragon’s Den style public consultation event at the University of Wolverhampton at The Halls in July, where each of the 4 teams (made up of 12 collaborating architect practices) pitched their ideas, with people able to give their opinions on their favourite. The competition was overseen by Angela Brady, a former RIBA President.  

    Angela Brady OBE said: “This was a fantastic opportunity for architects to be in competition together, working as a team with other architects to reinvent this disused part of Wolverhampton. All teams came up with vibrant ideas, which made it really hard to pick a winner. 

    “The Mikhail Riches and Periscope team had the edge with their vision, particularly with its retrofitting of the Sainsbury’s building in such an imaginative way. Also the 3 distinct zones they pitched could really create a great future for the area. 

    “This sort of collaboration between Council, developer, RIBA competitions office and architects I think allows a more joined up end result and is a model that other areas should follow.”

    The winning submission proposed a vibrant and varied neighbourhood of sustainable new homes, as well as lush outdoors spaces; boulevards and green streets; shops, cafes and bars; and community spaces.

    They proposed to retain and repurpose parts of the former Sainsbury’s building – in turn saving embodied carbon. The practices have also put the St George’s Church at the heart of the community, surrounding it with new public squares for pop up cultural events, intimate courtyards and social spaces for people to come together.

    The winning design will form the basis of the evolving St George’s masterplan, with a pre planning application submission to follow later this year.

    The announcement comes as part of Wolverhampton’s annual Business Week, that this year explores the power to boost economic growth through housing. St George’s also features as one of the major opportunities in the council’s Wolverhampton Investment Prospectus.

    Councillor Chris Burden, City of Wolverhampton Council Cabinet Member for City Development, Jobs and Skills, said: “St George’s is a fantastic opportunity to create a game changing neighbourhood of which the city can be proud. It’s a critical part of our citywide plan to unlock investment in considered development that delivers much needed homes and new opportunities for our communities.

    “The architects teams all produced outstanding design proposals and we are relishing the opportunity to work with the winners, Mikhail Riches and Periscope, to further develop their ideas.

    “It is fitting that this news comes during Wolverhampton’s Business Week, with its flagship event, the Business Breakfast, focusing on economic growth through housing, and we believe St George’s provides the opportunity to set a new design benchmark for brownfield regeneration in the city.”

    Developers Capital&Centric are leading delivery of the St George’s site, drawing on their experience of repurposing historic spaces and building standout new neighbourhoods across the UK, all with an acute focus on social impact. With a competition winner now selected, their next step will be to draw up more detailed designs.

    John Moffat, joint managing director at Capital&Centric, said: “From start to finish the St George’s architectural competition has been inspiring, from the variety of designs the architect teams put forward, to the people that came out to have their say on the options. The decision was a tough one, but the design by Mikhail Riches and Periscope is a deserved winner. 

    “St George’s is a standout opportunity to take a redundant city site and turn it into something special for the community – retaining some of the existing buildings whilst creating interesting and welcoming new spaces where people want to spend time. We’ll be spending the next few weeks looking over the winning design with the team of architects and the council to fine tune the plans, so it’s primed for us to submit a phenomenal pre-planning application submission.”

    MIL OSI United Kingdom

  • MIL-OSI Africa: Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating with a Change from Negative to Stable Outlook

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

    LAGOS, Nigeria, September 26, 2024/APO Group/ —

    Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has received an uplift to its credit ratings outlook from Moody’s Investors Service, with the assignment of a “stable” outlook. This decision further solidifies AFC’s position as one of the highest investment-grade African institutions, with Moody’s affirming the Corporation’s long-term issuer and senior unsecured ratings at A3, as well as AFC’s short-term issuer rating at P-2.

    “Notwithstanding increased country risk in several of AFC’s countries of operation over the past year, asset performance has proven resilient amid effective credit protections,” Moody’s analysts stated in its latest report. “The stable outlook also reflects management’s governance track record and early intervention capacity to mitigate materializing risks at an early stage.”

    Moody’s A3 rating affirmation reflects AFC’s adherence to its prudential guidelines to safeguard the Corporation’s intrinsic financial strength based on solid capital adequacy and high-quality liquidity buffers. In FY2023, the Corporation recorded outstanding financial performance with Capital Adequacy Ratio increased to 34.5% from 34.3% in 2022 and Cost-to-Income Ratio improved to 19.6%, from 22.7% in 2022. Additionally, the Corporation recorded Liquidity Coverage Ratios (LCR) of 161% and 143% under normal circumstances and a stress scenario respectively, significantly higher than the Corporation’s LCR requirement of greater than 100% in both scenarios.

    The decision by Moody’s is crucial for AFC to continue leveraging its top-tier credit ratings to achieve among the lowest borrowing costs of any institution in Africa, for transformational infrastructure projects in power, natural resources, transport, and technology that drive rapid industrialisation and job creation on the continent. Landmark initiatives include Djibouti’s first wind farm, with AFC as lead developer advancing plans to become the first African country wholly reliant on renewable sources for energy, and the Lobito Corridor rail project, with AFC again as lead developer working alongside the US, European Union and governments of Angola, DRC and Zambia to mobilise industry and connect the Atlantic and Indian oceans.

    “Amidst the current challenging global macroeconomic and financial conditions, we are pleased to receive such strong endorsement from Moody’s, a key lever in our access to global capital markets,” Samaila Zubairu, President and CEO of AFC, said “It reinforces our position as the resilient and reliable partner for a more prosperous African future and an indispensable ally in mobilising urgently needed capital to build the infrastructure that integrates Africa and enables its industrialisation.”

    “The change in outlook to stable from negative is driven by our expectation that AFC will be able to maintain a stable, if not improving leverage ratio and that the asset performance track record will be preserved.” Moody’s analysts said, commending AFC. “The improved leverage outlook reflects the Corporation’s continued equity raising strategy. The Corporation exceeded its $1 billion target in 2019-23 and aims to raise a similar amount during 2024-28. Moreover, the corporation lowered its dividend payout ratio starting 2023 which will help retain a higher share of earnings and grow the capital base organically in the future,” they reported.

    In the face of uncertainty in the global financial landscape, AFC successfully maintains access to the global capital markets, a testament to the confidence that investors place in the Corporation’s robust credit risk profile and it’s growing global appeal. This year, AFC has completed several pivotal funding transactions including its largest ever debt facility, a US$1.16 billion syndicated loan, attracting new lenders from the Middle East, Europe, and Asia.

    For the full statement from Moody’s, please click here (https://apo-opa.co/3XGd2FV).

    MIL OSI Africa

  • MIL-OSI USA: The United States and Partners Mobilize $517 Million to Support Democratic Openings Around the World

    Source: USAID

    Today, USAID Administrator Samantha Power, in partnership with the Ford Foundation, convened bilateral partners, democratic reformist government leaders, philanthropic partners, and civil society to collectively announce over $517 million to support countries experiencing democratic openings globally.

    On the sidelines of the United Nations General Assembly, the U.S. government deepened its commitment to supporting democratic “bright spots” by working with Congress to announce over $73 million towards USAID’s Democracy Delivers Initiative. Administrator Power also announced that Guatemala will join the Initiative, following Fiji’s entry in June, as both countries experience historic windows of democratic opportunity. With this announcement, the Democracy Delivers Initiative now supports Armenia, Dominican Republic, Ecuador, Fiji, Guatemala, Malawi, Maldives, Moldova, Nepal, Tanzania, and Zambia. Leaders from these countries joined the event to highlight their countries’ democratic progress and to welcome new investments and collaborations furthering democratic resilience.

    As part of the U.S. commitment, the U.S. International Development Finance Corporation (DFC) announced over $348 million in newly committed transactions in Moldova, Tanzania, and Zambia, bringing their total investment to over $2.38 billion for projects in Democracy Delivers countries since 2022. The Inter-American Foundation also announced $3.3 million in new investments in the Dominican Republic, Ecuador, and Guatemala.

    Administrator Power announced that like-minded partners – including Australia, Canada, Denmark, Estonia, Finland, Germany, Ireland, New Zealand, Norway, Spain, Sweden, Switzerland, and the United Kingdom – jointly committed to supporting democratic openings throughout their development and diplomatic agendas and to bolstering information resilience. 

    Expanding the Democracy Delivers Commitment to Action launched at UNGA in 2023, philanthropic partners announced new commitments totaling up to $92.4 million to support Democracy Delivers countries and objectives. As an anchor partner and host for the 2024 event, Ford Foundation announced $8 million to support democratic opportunity, including in Guatemala. The following foundations also made commitments: The Rockefeller Foundation, Chandler Foundation, Focus Central America, Hilton Foundation, Luis von Ahn Foundation, Rockefeller Brothers Fund, Skoll Foundation, Tinker Foundation, Vodafone Foundation, and WINGS.

    Secretary of State Antony Blinken and Administrator Power launched the Democracy Delivers Initiative in 2022 to bring together a multi-stakeholder coalition of partners and surge resources to countries undergoing moments of democratic renewal to help deliver tangible, lasting progress for citizens. By prioritizing responsiveness to citizen needs and enhancing transparency and accountability, these commitments will strengthen government reform efforts and facilitate improvements to public services. 

    Continuing the momentum of the Summit for Democracy process and building upon previous Democracy Delivers events, the gathering underscored the United States’ continued commitment to convening the world’s democracies in order to galvanize sustained collective action and ensure that democracy delivers opportunity and dignity for all.

    We encourage all organizations to join us.

    MIL OSI USA News

  • MIL-OSI: Key Carbon & Marex Group Announce Carbon Financing and Investment

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia and LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) — Key Carbon and Marex Group Plc (“Marex”) today announce a partnership whereby Marex will take a minority stake in Key Carbon and provide financing for carefully-sourced offset projects.

    Key Carbon sources and finances carbon credit projects and provides ongoing governance, monitoring and operational support to ensure its projects are held to the highest quality and integrity standards. The funding from Marex will predominantly be used to help finance the production and distribution of low-emission, affordable cookstoves within Africa through the project developer Global Cookstoves, Key Carbon’s joint venture with BURN Manufacturing (“BURN”). To date, Key Carbon has provided US$45 million in funding to Global Cookstoves to expand the roll out of critical projects across eight African countries.

    This partnership will allow Marex to gain access to a wider carbon client base as well as streams of carbon credits, as it seeks to grow its environmental business and support clients as they transition to a low carbon economy.

    Inclusive of this latest funding from Marex, Key Carbon will have funded over 1.5 million biomass-fuelled cookstoves across 8 countries in Africa, improving the lives of an estimated 7.5 million people. These highly efficient cookstoves, along with other projects funded by Key Carbon, are expected to avoid or remove more than 46 million tonnes of carbon dioxide (“CO2”) or CO2 equivalent.

    Luke Leslie, Co-Founder and CEO of Key Carbon, said: “This latest partnership is a powerful endorsement of our approach to investing in the VCM and demonstrates our ongoing ability to attract meaningful funding in a challenging market through our robust approach to sourcing and governance. Partnerships like this will be critical to accelerating climate action and delivering tangible benefits to vulnerable communities.”

    Bastien Declercq, Head of Environmental at Marex, said: “This partnership will allow us to further diversify our emissions offering and give us access to a new range of market participants that we can service through our comprehensive platform. Reliable access to trustworthy sources of carbon credits has held the market back in the last few years. By moving up the value chain we can play a more relevant role for our clients in helping them to transition to a greener future.”

    About Key Carbon

    Founded in 2021, Key Carbon is a permanent capital vehicle, building a large, diversified portfolio of high-integrity carbon credit streams and royalties for corporates and other organisations on their journey to Net Zero. Since incorporation, the Company has financed several critical projects including the planting of 3.75 million trees and the distribution of clean cookstoves to an estimated 7.5 million people across Africa. The company’s mission is to help combat climate change, improve local biodiversity, soil health and water quality, and benefit some of the world’s most vulnerable communities. For further information, please visit our website at http://www.key-carbon.com.

    About Marex
    Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit http://www.marex.com.

    The MIL Network

  • MIL-OSI: Xtract One Technologies Teams Up with UBS Arena, Home of the NHL’s New York Islanders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”), a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced that its SmartGateway screening solution was selected to secure UBS Arena in New York. This contract is enabled through the Company’s partnership with Oak View Group (OVG), a global sports and entertainment company. UBS Arena, an 18,000-seat capacity venue located in New York’s historic Belmont Park, is home to the National Hockey League’s (NHL) New York Islanders.

    Xtract One will provide fast and frictionless fan screening to optimize UBS Arena’s patron experience while bolstering safety and security. The SmartGateway will secure key entrances for sports games, concerts, family shows and other live events held at UBS Arena. Together with Oak View Group, Xtract One is working towards providing high-quality experiences for customers while enhancing the comfortability and safety they feel when attending high capacity events.

    “We are pleased to have been selected by UBS Arena and the New York Islanders to secure their premises, another noteworthy accomplishment after recently achieving DHS certification,” said Peter Evans, CEO of Xtract One. “We are in active communication with many NHL teams and are excited by the rapid increase in interest that the DHS award has helped facilitate. This latest deployment, expected to be completed in the current quarter, perfectly blends the historic backdrop of the venue with our next-generation SmartGateway AI technology. Xtract One’s advanced systems will enhance and strengthen UBS Arena’s mission to provide safe, entertaining events for millions – giving patrons the best time possible. We’re excited to have them as a client and look forward to continue revolutionizing the customer experience.”

    Xtract One’s SmartGateway system leverages AI-powered sensors to detect threats without invading guest privacy and comfort, making the screening process for high throughput venues more efficient without compromising accuracy. The SmartGateway scans patrons for weapons and other prohibited items as they enter the space in a discreet manner, enhancing patron experience by reducing security line wait times while still prioritizing their safety.

    “At UBS Arena, guest experience is always paramount. We want our guests to have a best in class experience every time they walk through our doors,” said Mike Sciortino, General Manager of UBS Arena. “For your safety and the safety of others, our screening process is now frictionless using Xtract One technology. There is no need to remove any items, including small bags and coats. Guests will be able to walk directly through the screening system for an expedited security process.”

    To learn more, visit http://www.xtractone.com.

    About Xtract One
    Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive threat detection systems that enable venue building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One’s innovative Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based software allows venue and building operators to identify weapons and other threats inside and outside of facilities, and receive valuable intelligence for optimizing operations. For more information, visit http://www.xtractone.com or connect on LinkedIn, X, and Facebook.

    About UBS Arena
    UBS Arena is made for music and built for hockey. New York’s newest premier entertainment and sports venue and proud home of the New York Islanders is developed in partnership with Oak View Group, the New York Islanders, and Jeff Wilpon. The state of the art arena has welcomed top artists from around the globe since opening in November 2021 including Billy Joel, Bruce Springsteen, Chris Stapleton, Dua Lipa, Drake, Harry Styles, Marc Anthony and Suga. The venue delivers an unmatched live entertainment experience for guests including clear sightlines and premier acoustics.

    UBS Arena is at the forefront of sustainability, recently achieving Zero Waste TRUE Silver certification in May 2024 in addition to its LEED Green Building Certification and carbon neutrality for operations.

    Located on the historic grounds of Belmont Park, UBS Arena is located just 30 minutes by LIRR from Grand Central or Penn Station and is easily accessible from across the region via mass transit or car. To plan your trip, please visit UBSArena.com/plan-your-trip.

    For additional information, please visit UBSArena.com or @UBSArena on Facebook, Instagram and Twitter.

    About Oak View Group
    Oak View Group (OVG) is a global sports and entertainment company founded by Tim Leiweke and Irving Azoff in 2015. OVG is focused on being a positive disruption to business as usual in the sports, live entertainment, and hospitality industries and currently has eight divisions across five global offices (Los Angeles, New York, London, Philadelphia, and Toronto). OVG oversees the operations of Climate Pledge Arena at Seattle Center, UBS Arena in Belmont Park, NY, and Moody Center in Austin, TX as well as arena development projects for Acrisure Arena in Palm Springs, CA; Co-op Live in Manchester, UK; and projects for Arena São Paulo in São Paulo, BZ; Baltimore Arena in Baltimore, MD; FirstOntario Centre Arena in Hamilton, ON; a New Arena and entertainment district in Las Vegas, NV; and a New Arena in Cardiff, Wales. More information at OakViewGroup.com, and follow OVG on Facebook, Instagram, Twitter, and LinkedIn.

    Forward Looking Statements
    This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

    For further information, please contact:
    Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
    Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385
    Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645
    UBS Arena inquiries: press@ubsarena.com

    The MIL Network

  • MIL-OSI: Virtu Financial Congratulates Women in Finance Award Recipients Leah Goldsberry and Trish McMenamin

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, is proud to announce that Trish McMenamin, Chief Compliance Officer, and Leah Goldsberry, EMEA Head of Analytics Client Coverage, have both been recognized at Markets Media’s European Women in Finance Awards.

    Trish McMenamin received the Excellence in Legal and Compliance award for her leadership in transforming Virtu’s Dublin-based regulatory program and her collaboration efforts across the global platform and global teams. With over a decade of experience, Trish has consistently demonstrated integrity and a commitment to compliance excellence.

    Leah Goldsberry was awarded the Rising Star honor for her contributions in managing key client relationships and leading Virtu’s EMEA analytics team. Leah’s adaptability, leadership, and client-oriented approach have made her a driving force within the firm’s international growth.

    “Trish and Leah exemplify Virtu’s commitment to excellence, innovation, and teamwork,” said Rob Boardman, EMEA CEO of Execution Services at Virtu Financial. “Their well-deserved recognition is a testament to their hard work and dedication, and we are very proud of their achievements.”

    The firm extends its thanks and appreciation to Leah and Trish for the examples they set at Virtu and the financial services industry.

    About Virtu Financial, Inc.
    Virtu is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    investor_relations@virtu.com
    media@virtu.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: Viva Gold to Present at the Battery and Precious Metals Virtual Investor Conference October 1st

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Viva Gold Corp (TSXV: VAU, OTCQB: VAUCF) (“Viva”), with operations in Nevada, focused on gold mining development, today announced that Jim Hesketh, CEO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 1st & 2nd 2024.

    DATE: October 1st
    TIME: 10:00 AM ET
    LINK: https://bit.ly/3z584tW
    Available for 1×1 meetings: October 1st to 4th

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

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

    Learn more about the event at http://www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Viva will be resuming drilling activities at its Tonopah Gold Project in Nevada
    • Baseline study work to continue to prepare for project permitting
    • An updated resource and preliminary economic study is due after completion of the upcoming drill program

    About Viva Gold Corp

    Viva’s Tonopah gold project sits in the middle of gold mining country and controls a major land position on the prolific Walker Lane Trend in Western Nevada. Viva has consistently grown its resources since 2017 and has commenced a new, fully funded drill program to further define and grow the current resource base. The Company plans to update the resource model and initiate Preliminary Economic Analysis Study in late 2024, both of which are major catalysts and value creation events for shareholders.

    Viva Gold is led by CEO Jim Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. Jim has surrounded himself with equally experienced mining professionals both on the management team and the board.

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

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

    CONTACTS:
    Viva Gold
    Name: Jim Hesketh
    Title: CEO
    Phone: (720) 291-1775
    Email: jhesketh@vivagoldcorp.com

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

    The MIL Network

  • MIL-OSI: Westhaven Receives Commitment for Strategic Investment from Rob McEwen of C$1.5 Million as Part of Previously Announced Brokered Private Placement Offering

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce, further to its press release dated September 25, 2024 announcing a $5,000,000 brokered best efforts offering (the “ Marketed Offering”) with Red Cloud Securities Inc. (the “Agent”) acting as agent, the Agent has received overnight a commitment from Rob McEwen for participation in the Marketed Offering as a subscriber.

    As previously announced, the Company entered into on September 25, 2024, an agreement with the Agent to act as sole agent and bookrunner in connection with the Marketed Offering to raise gross proceeds of C$5,000,0000 from the sale of the following:

    • 10,000,000 units of the Company (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of up to C$1,500,000 from the sale of Units; and
    • gross proceeds of up to C$3,500,000 from the sale of any combination of (i) common shares of the Company that will quality as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “Traditional FT Share”) at a price of C$0.175 per Traditional FT Share and (ii) flow-through units of the Company to be sold to charitable purchasers (each, a “Charity FT Unit”, and collectively with the Units and Traditional FT Shares, the “Offered Securities”) at a price of C$0.22 per Charity FT Unit.

    Rob McEwen has agreed to make a strategic investment of C$1.5 million in Offered Securities, through his private holding company Evanachan Ltd. Mr. McEwen is the founder and former Chairman of Goldcorp, is currently the Executive Chairman and largest shareholder of McEwen Mining Inc. and is a member of the Mining Hall of Fame.

    Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Offered Securities will be offered for sale to purchasers in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the “Canadian Selling Jurisdictions”) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The Offered Securities are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

    The Agent was granted the option, exercisable in full or in part, up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,000,000 in any combination of Units, Traditional FT Shares and Charity FT Units at their respective offering prices (the “Agents’ Option” and together with the Marketed Offering, the “Offering”).

    Any Units and Charity FT Units sold in excess of gross proceeds of C$5,000,000 as well as the Traditional FT Shares (collectively, the “Non-LIFE Securities”) will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106 in the Canadian Selling Jurisdictions, or in the case of the Units, also in offshore jurisdictions and the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The Non-LIFE Securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the Offering under applicable Canadian securities laws.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the issuance of the Traditional FT Shares and the Charity FT Units will be used for Canadian exploration expenses on the Company’s mineral projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2025 and renounced to the subscribers with an effective date no later than December 31, 2024 in an aggregate amount not less than the gross proceeds raised from the issue of the Traditional FT Shares and Charity FT Units.

    The Offering is scheduled to close on or around October 15, 2024, or such other date as the Company and the Agent may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

    The Company will pay to the Agent a cash commission of 6% of the gross proceeds raised in respect of the Offering (the “Agents’ Commission”). In addition, the Company will issue to the Agent warrants of the Company (each warrant, a “Broker Warrant”), exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering at an exercise price equal to C$0.15 per Common Share.

    There is an amended offering document related to the Offering that can be accessed under the Company’s profile at http://www.sedarplus.ca and on the Company’s website at http://www.westhavengold.com. Prospective investors should read this amended offering document before making an investment decision.

    On behalf of the Board of Directors
    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, President, CEO & Director

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

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~60,950 hectares (609.5 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at http://www.westhavengold.com

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering, including the proposed participation by Mr. McEwen and the size of that participation; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at http://www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this offering document is expressly qualified by this cautionary statement.

    The MIL Network

  • MIL-OSI: Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

    Effective September 26th, the following changes have been implemented:

    • Defiance Nasdaq 100 Enhanced Options Income ETF (Ticker: QQQY) has been renamed to Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF.
    • Defiance S&P 500 Enhanced Options Income ETF will now trade under the new ticker symbol WDTE and has been renamed to Defiance S&P 500 Enhanced Options & 0DTE Income ETF.
    • Defiance R2000 Enhanced Options Income ETF (Ticker: IWMY) has been renamed to Defiance R2000 Enhanced Options & 0DTE Income ETF.

    Revised Income Strategy: Targeting Weekly Distributions

    Each Fund has revised its principal investment strategy to target weekly distributions rather than monthly. This shift is designed to better align with the income generation opportunities provided by the daily options strategy.

    About Defiance ETFs

    Founded in 2018, Defiance ETFs has emerged as a leading ETF issuer dedicated to income and thematic investing. Defiance’s actively managed options ETFs are designed to potentially enhance income for investors, with distributions now targeted on a weekly basis.

    Media Contact:
    David Hanono
    Defiance ETFs
    Tel: 833.333.9383

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Toroso Investments, LLC (“Toroso” or the “Adviser”). The Fund Administrator is Tidal ETF Services LLC. The investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”). JEPY, QQQY, and IWMY are distributed by Foreside Fund Services, LLC.

    “Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 833.333.9383. Read the prospectus or summary prospectus carefully before investing.”

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.

    An Investment in the Funds is not an investment in the Index, nor are the Funds an investment in a traditional passively managed index fund.

    QQQY Index Overview: The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars. The Index includes companies from various industries but is heavily weighted towards the technology sector. This reflects the Nasdaq’s historic strength as a listing venue for tech companies. Other sectors represented include consumer discretionary, health care, communication services, and industrials, among others.

    JEPY Index Overview: The S&P 500 Index is a widely recognized benchmark index that tracks the performance of 500 of the largest U.S.-based companies listed on the New York Stock Exchange or Nasdaq. These companies represent approximately 80% of the total U.S. equities market by capitalization, making it a large-cap index.

    IWMY Index Overview: The Russell 2000 Index is a widely recognized benchmark index that tracks the performance of approximately 2000 small-cap companies in the United States. These are the smallest companies listed in the Russell 3000 Index, representing about 10% of that index’s total market capitalization.

    QQQY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars.

    JEPY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    IWMY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    Index Trading Risk. The trading price of the Index may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. ­The stock market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.

    S&P 500 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    The Nasdaq 100 Index Risks: The Index’s major risks stem from its high concentration in the technology sector and significant exposure to high-growth, high valuation companies. A downturn in the tech industry, whether from regulatory changes, shifts in technology, or competitive pressures, can greatly impact the index. It’s also vulnerable to geopolitical risks due to many constituent companies having substantial international operations. Since many of these tech companies often trade at high valuations, a shift in investor sentiment could lead to significant price declines.

    The Russell 2000 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period (typically, one day, but may range up to one week). This means that if the Index experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Index over each Call Period, but has full exposure to any decreases in value experienced by the Index over the Call Period, the NAV of the Fund may decrease over any given time period.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risks greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

    Distributed by Foreside Fund Services, LLC.

    The MIL Network

  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the 83rd CSIR Foundation Day Celebrations at the NASC Complex, New Delhi

    Source: Government of India (2)

    Posted On: 26 SEP 2024 3:06PM by PIB Delhi

    Good morning, all of you. 

    It could not have been more delightful for me, everyone present in this room is a role model for me. Your contributions are spinal, your contributions in silence are resonating with the last man in the last row, your efforts are changing Bharat. A great occasion for me to be here, this is a very distinguished premium platinum category that is defining the growth history of Bharat, home to one-sixth of humanity. 

    Professor Ajay K. Sood, rightly honoured with the civilian distinction of Padma Shri, Principal Scientific Advisor to the Government of India, his address though brief on account of constraints of time, was illuminating. He indicated synergetic stance being generated with all stakeholders to ensure sustainability of the rise of Bharat. 

    Dr. K. Radhakrishnan his lecture will be a feast to intellect, team excellence, team itself in hears excellence, team is something which is harmonious. Harmony doesn’t mean keeping your point of view to yourself, harmony means having enough space to voice the other’s point of view. It is heard with respect, not rejected by drop of a hat. Team excellence is the ultimate sublime evolution of it, then, Indian Space Odyssey and your life lessons.

    I have instructed my team to record it, I will have a look at it, as will millions, through our platform in Rajya Sabha and Parliament. 

    Dr. N. Kalaiselvi, Director General, CSIR, normally we say, the man is always in the move, gone are those days, she is always on the move, always in action, with passion, mission, and execution. 

    I very fondly remember the visit I had where she was there, I had the occasion to see for myself how the aviation landscape of skilling will be changed by what her team has created. I had the occasion to visit Dehradun and another institute in her absence, we are proud of her because she sacrificingly gives credit to everyone except herself. I was greatly touched by this reflection of Indian civilisational ethos.

    Dr. G. Mahesh he is a Chairperson of the CSIR Foundation Day Celebration, we are gratified and honoured by the presence of those who laid the firm foundations of CSIR who headed it as DGs Dr. Mashelkar is present here. 

    Dr. Samir Brahmachari  is amongst us but science is all about finding out. Everyone present here, particularly in the front row, is to be respected by us. Because like education, education never ends when you leave an institution, education is life long learning same they may have left legally CSIR but their bond continues. 

    I must mention the Central Electronics Limited chairperson, Mr. Jain, for one reason, the honourable minister, who is very passionate about this sector, he wanted to come, I dissuaded him please won’t, he was preoccupied unavoidably.

    Distinguished scientists, researchers, staff, and esteemed audience, my greetings to the entire scientific community in the country, we are beholden to this category for the contributions they have made to make a Viksit Bharat which is before us today. This day is a special day, not just for CSIR alone. This is a very special day for the nation because if we go into our historical perspective, we will find that ages ago, our Bharat had scientific prowess. We were global leaders, we were the centre of the globe when it came to scientific knowledge, the kind of discoveries and inventions that were made by us made the world proud, we lost our way somewhere, we are regaining that way. 

    It is your foundation day, but it is integrally connected with the firm foundations of Bharat, you are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and this rise is unstoppable, the rise is incremental, and the destination of a developed nation by 2047 will be realised, if not earlier.

    What I see here is your activities and activities of your sister’s concerns.  It is an endorsement that we are on the way to regaining our past pristine glory in the world of science. As I said, your contributions are in silence, I am using the word “silos” in a positive sense, your activities are in silos, but they physically, positively, and affirmatively impact the lives of 1.4 billion people.

    CSIR can be defined as a catalyst scientifically and imaginatively for Ras. C for catalyst, S for scientifically, I for imaginatively, and R for rashtra. 

    Distinguished audience, it is my great honour and privilege, and it will forever be etched in my memory, that I am associating with the 83rd Foundation Day of CSIR. This is an occasion to commemorate and commend the past achievements, and also to look ahead, unfold a roadmap to be more significantly involved with the nation’s rise and global rise, because Bharat stands for Vasudev Kutumbakam.

    A journey that started in 1960, when I was in class four, and where we have come, is a recognition of the hard work you all have done. I am fully aware of the headwinds you face, the air pockets you endure, the difficult terrain you negotiate, and, on occasions, the lack of due recognition therefore an ecosystem existed earlier where you were contributing, but recognition was not forthcoming in the right form. Soothing to note that, in the last few years, recognition for the scientific community has increased. It has increased in several ways, including the government’s serious focus on it. The Prime Minister’s heart and soul are deeply connected to the scientific community. His belief in your power, prowess, and capacity to generate, at global level, those aspects of science which matter to humanity is evident. I am sure, therefore, that we are in good times.

    Now, there is an ecosystem in place where our scientists can fully exploit and expand their energy, exploit their talent, and contribute to the nation by unleashing their innovative skills. I was not surprised, because that was my expectation, but I was in disbelief when I went through the thematic exhibition, amazing things are happening. Imagine if, from bamboo, you can have wooden flooring. Imagine if, from bamboo, you can have something which far superior or equivalent to sagon teak wood and sagon teak wood life is 4 decades or so. It helps the farmer, and it creates wealth. I am making a reference only to only one, there were many such things, I was greatly touched. 

    These developments reaffirm my confidence, and the confidence of the nation, that Bharat is a factor to reckon with globally. Your tremendous accomplishments have emboldened me to assert that, in research and development, it is matter of time when we will be having our due share at the moment, we are on way to it., much remains to be done. Several energies have to converge, they have to converge diligently, they have to work togetherness and in tandem, there has to be the right amount of fiscal input.

    I am so glad that the Principal Scientific Advisor that is uppermost in his mind, you may not be aware, and it may not have been covered in the media, but he is your star batsman when it comes to securing everything for your scientific community. 

    Let me make a brief reference to the Union Budget 2024-25. He must have put his foot down, I am sure of it when the budget is formed, there are always too many claimants. He fought for your segment, got the due, and it can only be incremental henceforth. It emphasises the budget. Innovation, Research and Development, and Anusandhan – the National Research Foundation has been started. I leave it at that; you know it when a beginning is made, even by a toddler, it takes shape over the years, unstoppably. My congratulations to him, for being your advocate with the government, you are an able advocate. I am so glad. 

    The growth engine of the nation, any nation in the world, is driven by science and technology and this is fuelled by research and development, this makes the focus on research and development of paramount importance. I call upon you from this platform to come forward and generously invest in research and development. I look forward to the day when our corporates will figure in the top 20 global corporates that invest in research and development at the moment, there is none, that doesn’t mean our corporates are not doing enough, they are doing enough. In automobile and in information technology, much is being done but looking at our nation’s size, its potential, its position, and the growth trajectory on which it is, our corporates need to come forward to engage in research and development.

    The investment in research and development is lasting and this, distinguished audience, please note, has another cutting edge: soft diplomacy, if you get something, nations flock to you. We have that power, research and development is so integrated with security these days therefore, investment is for the nation. Investment is for growth. Investment is for sustainability. 

    I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR, the sample size was 3,000. We must not do lip service to research and development, our contribution has to be substantial, the result has to be substantial, not cosmetic or superficial. We cannot just take pride in saying so much for research and development. The one doing research or development in academic institutions should not be in pursuit only of academic information. Research is not a simulation. Research is research, and I therefore appeal to everyone concerned to have SOP for it. Invest in that human resource or institution that can authentically engage in research and development. The two are separate, when I went to one of the IITs – all IITs are doing well, I am not naming the IIT for that reason – I was amazed that research and development were excellent, it was being done by professors and students. So, we will have to be on guard that merely because physical resources are committed, we cannot take pride, saying, “Oh, I have spent so much for research and development.”

    Investment in research and development, distinguished audience, has to be correlated to tangible outcomes and there are people in the front row who can evaluate what is a tangible outcome. 

    Friends, there is enough to say, but I will conclude by focusing on the state of the nation, state of the nation today is beyond my dreams. I never imagined it. I did not conceive of the earth as it is today, I did not have that contemplation. I am referring to 1989, when I was elected to the Lok Sabha. In 1990, I was a union minister. I will focus on four aspects. 

    One, we went to Jammu and Kashmir, Srinagar, as a member of the Council of Ministers. We stayed at a hotel near Dal Lake, everything was dull, not even twenty souls could be seen on the road, a state of dejection and hopelessness and it was declared in the Rajya Sabha, which I preside as chairman, that last year, two crore tourists went to Jammu and Kashmir. Where is the figure of twenty? Two crores, article 370, a temporary article of the constitution – the only article labelled as temporary was taken by some people, including those who had taken oath under the constitution to be permanent. It is no longer there.

    Second, I suffered the pain because, as a student, हमें पढ़ाया गया था कि भारत सोने की चिड़िया है। As a minister, I had the occasion to see our gold physically airlifted, to be placed in two Swiss banks to sustain our fiscal credibility, because our foreign exchange was around one billion US dollars. Now it is more than six hundred billion US dollars, mind you. We are getting things back rather than giving. I suffered the pain then when the World Bank and IMF would give us not advisories or advice, but peremptorily direct us: “Do this, otherwise…”  and now the same institutions, IMF says, India is a favourite global destination of investment and opportunity. World Bank says, digitisation of India and its penetration that happened in six years is otherwise not achievable in four decades or more. We are a role model, according to the World Bank, of digitisation, that happened there.

    Another aspect was that we had a system where corruption was rampant in power corridors, nothing could catalyse without a middleman, your pedigree was a password to opportunity and a job or a contract. Now power corridors are fully sanitised, the middleman has disappeared from the one-sixth of humanity, at least. Do we see middlemen around? No. All transactions are taking place digitally, without human interface. That is the change I never imagined. This change I am seeing myself. We were living in an era where there was privilege pedigree.some thought law was not for them, they were immune to law. They were not accountable to law, it was a concept not known to them but now, the privileged pedigree is feeling the heat of law and why not? Equality before the law is an inalienable facet of democracy. How can we call a nation a democratic nation if some people pass away more equal than others? That is the benefit to young minds and as a result of that, our youth are energised.

    The fourth point I wish to make is about the economy. I can’t even tell you the size of the Indian economy in 1990 was smaller than the city of London or Paris. Imagine. A decade ago, we were counted amongst the fragile five nations. A cliff hanging economy, a concern to the global community. Now we are a robust economy, we are amongst the five great economies of the world, we are the fifth largest, on the way to becoming the third, ahead of Japan and Germany, in two years. Our economic rise is like a plateau, affecting everyone. 

    In all this, the contribution of science is there, technology is there, corruption would have been there, Transparent, accountable governance would not have been there unless there was technology. Digitisation and penetration would not have happened but for democracy. People are adept at technology, they may not be very literate, but they know how to use the internet, how to avail themselves of services. This means the Great Marathon March for Viksit Bharat@2047. You are the major stakeholders. You may not be that visible on the screen, but you are the driving force of it. You will have to be contributing 24X7. 

    My best wishes to you, CSIR exemplifies excellence, academic brilliance and cutting-edge research. In the near future, we will doubtlessly see Bharat emerging as a global pioneer in the domains of science and technology that will help us script a new chapter in our growth story.

    Thank you so much.

    ****

    JK/RC/SM

    (Release ID: 2058962) Visitor Counter : 5

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Mere commitment of fiscal resources and lip service to R&D is not enough; focus on tangible outcomes, says VP

    Source: Government of India

    Mere commitment of fiscal resources and lip service to R&D is not enough; focus on tangible outcomes, says VP

    PM’s heart and soul is deeply with scientific community-VP

    Ecosystem in place where scientists can fully exploit their potential, says VP

    R&D contributions have to be substantial not cosmetic-VP

    Research is integral to soft diplomacy and security-VP

    Shri Dhankhar calls on corporates to invest in research and development

    CSIR stands for Catalyst for Scientifically Imaginative Rashtra, underlines VP

    R&D in institutions should not be in pursuit of gaining academic information alone-VP

    Vice-President addresses the 83rd Foundation Day Celebrations of CSIR at New Delhi today

    Posted On: 26 SEP 2024 3:22PM by PIB Delhi

    The Vice-President, Shri Jagdeep Dhankhar today said that contributions to R&D must be “substantial, the result has to be substantial, not cosmetic or superficial”, he stressed. He said that mere commitment of fiscal resources is not enough and significance of any research should be measured in terms of tangible outcomes.

    “We will have to be on guard that merely because fiscal resources are committed, we cannot take pride, oh, I have spent so much for research and development. Investment in research and development has to be correlated to tangible outcomes,” he added.

    Addressing the gathering at the at the 83rd CSIR Foundation Day Celebrations, Pusa Road, New Delhi today, the Vice-President invited attention to the significance of research and development in the contemporary scenario, Shri Dhankhar emphasised that research and development is integral to soft diplomacy and national security.

    “The investment in research and development is lasting…..Research and development is so integrated to security these days. And therefore investment is for the nation. Investment is for growth. Investment is for sustainability”, he asserted.

    Highlighting the current environment, Shri Dhankhar expressed satisfaction that recognition for the scientific community has significantly increased. “Soothing to note that in last few years recognition for the scientific community has gone up. It has gone up in several ways including government being very serious about it, and Prime Minister’s heart and soul is deeply in scientific community”.

    Shri Dhankhar further lauded Prime Minister’s deep respect for and belief in the potential of India’s scientists.

    Reflecting on the past where the contributions of scientists were not always appropriately recognized, Shri Dhankhar remarked “I am fully alive of the headwinds you face, air pockets you suffer, difficult terrain you negotiate and on occasions there is no due recognition. Therefore, an ecosystem that existed earlier where you were contributing and recognition was not coming in the right form”, he added.

    Recognising the current change in ecosystem, Shri Dhankhar underlined, “Now there is an ecosystem in place where our scientists can fully exploit and expand their energy exploit their talent and contribute for the nation by unleashing their innovative skills”.

    Calling upon corporate to invest more in research and development, he said “significant contributions being made by Indian companies in sectors like automobile and information technology. Looking to our nation’s size, its potential, its position, and the growth trajectory on which it is there, our corporates need to come forward to engage in research and development”.

    Terming CSIR as Catalyst for Scientifically Imaginative Rashtra, Shri Dhankhar highlighted, “It is your Foundation Day, but it is integrally connected with the firm foundations of Bharat. You are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and the rise is unstoppable” 

    He further emphasized the crucial role of science and technology as the growth engine for any nation, underscoring that this engine is primarily driven by research and development (R&D).

    Expressing his deep concern about the current approach to research and development (R&D) in India’s institutions, Shri Dhankhar highlighted the need for substantial contributions rather than mere lip service. “I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR,” he stated.

    He further stressed that those engaged in research within academic institutions should not be motivated solely by academic gains, asserting, “Research is not a simulation. Research is research.”

     He appealed for the establishment of Standard Operating Procedures (SOPs) to ensure that investments in human resources and institutions are directed towards authentic and impactful research.

    Acknowledging the critical role played by CSIR in shaping modern India’s scientific and technological landscape, Shri Dhankhar emphasized the historical legacy of India’s scientific stating “if we go into our historical perspective we will find ages ago our Bharat had scientific prowess. We were global leaders; we were centre of the globe when it came to scientific knowledge”.

    He also noted that while the country lost its way for a period, it is now on the path to regaining our past pristine glory in the world of science. “The kind of discoveries and inventions that were made, we made the world proud, we lost way somewhere, we are beginning that way”, he remarked. 

    Earlier the Vice-President also inaugurated the ‘CSIR Thematic Exhibition 2024’ at NASC Complex. 

    Shri Prof. Ajay K. Sood, PSA to GoI, Dr. K. Radhakrishanan, CSIR Foundation Day Speaker, Former Chairman, ISRO, Dr. N. Kalaiselvi, Director General, CSIR, Dr. G Mahesh, Chairperson, CSIR Foundation Day Celebration and other dignitaries were also present on the occasion.

    Read full text here: pib.gov.in/PressRelese

    ***

    JK/RC/SM

    (Release ID: 2058969) Visitor Counter : 66

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Commerce and Industry Minister, Shri Piyush Goyal concludes 3-day visit to Australia

    Source: Government of India

    Posted On: 26 SEP 2024 4:25PM by PIB Delhi

    Union Minister for Commerce and Industry, Shri Piyush Goyal concluded his productive 3-day visit to Australia (23-26 September, 2024) today.

    The Minister co-chaired the 19th Joint Ministerial Commission meeting with Senator The Hon. Don Farrell, Minister for Trade and Tourism of Australia at Government House in Adelaide on August 25, 2024. Discussions focussed on areas of cooperation and economic priorities for India and Australia; implementation of Economic Cooperation and Trade Agreement (ECTA) initiatives; progress on Comprehensive Economic Cooperation Agreement (CECA) negotiations etc.   The Ministers reiterated the target of achieving AUD 100 billion bilateral trade by 2030. They also discussed enhancement of cooperation at multilateral and other regional forums- G20, IPEF and WTO, including the Domestic Services Regulation issue.

    At the Joint Press Conference after the meeting, the Minister announced the opening of an Investment, Trade, Technology and Tourism (ITTT) office in Sydney which will have representatives of Invest India, NICDC, Export Credit Guarantee Corporation and DGFT, including industry bodies like CII and FICCI. Minister Farrell announced a new grant of AUD 10 million for Australian businesses, organisations and universities to boost cooperation with India. Under the new grant, AUD 5 million will be extended to Australian organisations working on projects that boost trade and innovation, cultural ties and community leaders, and a further AUD 5 million for scholars and fellowships to support Australian universities to host Indian students in their research, on shared challenges.

    Both sides agreed that the ‘Make in India’ and ‘Future Made in Australia’ initiatives are complementary and present opportunities to both sides to work together. In this context, Minister mentioned that India marked yesterday, the 10th anniversary of Prime Minister’s flagship ‘Make in India’ initiative, aimed at scaling domestic manufacturing in India. The initiative had created employment opportunities, boosted Indian exports and improved the lives of millions of people in India.

    The Governor of South Australia, The Hon Frances Adamson AC, hosted a lunch for Minister and the accompanying delegation at the Government House. The lunch was attended by The Hon Joe Szakacs MP Minister for Trade and Investment and Minister for Local Government of South Australia and Senator the Hon Simon Birmingham, Leader of the Government in the Senate and Shadow Minister for Foreign Affairs, reflecting the strong bipartisan support to India-Australia partnership.

    Later in the day, Minister Goyal accompanied by Minister Farrell visited the Australian Space Agency at Lot Fourteen Innovation precinct where they interacted with Australian space companies, including, Space Machine Company, which is working with New Space India Limited (NSIL) to launch the largest satellite built in Australia onboard an Indian Small Satellite Launch Vehicle. This Mission, named MAITRI exemplifies the close friendship between the two countries and marks a significant milestone in the bilateral Comprehensive Strategic Partnership.

    The Minister’s visit will impart further momentum to the enhanced economic and commercial engagement between India and Australia. The visit allowed both sides to review progress of CECA and implementation of ECTA initiatives. In addition, several interactions with Australian and Indian businesses in Sydney will lead to enhancement of trade and investment ties between the two countries.

     

    ***

     

    AD/VN/CNAN

    (Release ID: 2059007) Visitor Counter : 65

    MIL OSI Asia Pacific News

  • MIL-OSI: Hut 8 GPU-as-a-Service Vertical Goes Live with Inaugural Deployment

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today announced that its GPU-as-a-service vertical has begun generating revenue as the inaugural GPU cluster for an AI cloud developer comes fully online.

    The cluster, hosted at a tier-three data center in Chicago, comprises multiple Hewlett Packard Enterprise (“HPE”) Cray supercomputers powered by 1,000 NVIDIA H100 GPUs. Hut 8 partnered with HPE and AdvizeX to design, configure, and commission the cluster, which is being launched under Hut 8’s subsidiary, Highrise AI, Inc. Hut 8’s five-year agreement with the AI cloud developer provides for fixed infrastructure payments plus revenue-sharing.

    “The launch of our GPU-as-a-service vertical further diversifies our compute layer, which now spans AI compute, Bitcoin mining, and traditional cloud services,” said Asher Genoot, CEO of Hut 8. “Consistent with our commitment to disciplined capital allocation, we believe a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation.”

    “We are thrilled to support the launch of Hut 8’s GPU-as-a-service offering, in collaboration with our trusted partner AdvizeX, through the delivery of world-class high-performance computing solutions,” said Jerome Boucher, Vice President and General Manager, HPC and AI Solutions, North America of HPE. “We look forward to extending our expertise in building the world’s fastest supercomputers to support Hut 8’s ambition to offer state-of-the-art GPU-as-a-service capabilities to its customers.”

    As part of its strategy to build a next-generation energy infrastructure platform, Hut 8 continues to scale its compute layer across energy-intensive technologies with the aim of maximizing returns on its portfolio of power assets and digital infrastructure.

    Upcoming Conferences & Events

    • September 25–26, 2024: TMT M&A Forum USA 2024
    • September 25–26, 2024: infra/STRUCTURE 2024
    • September 26, 2024: ArcStone-Kingswood Growth Summit 2024

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. Headquartered in Miami, Florida, Hut 8 Corp. has a portfolio comprising twenty sites: ten Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one newly announced site in the Texas Panhandle. For more information, visit http://www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp.

    Cautionary Note Regarding Forward-Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes statements relating to the Company’s belief that a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation, its ambition to offer state-of-the-art GPU-as-a-service capabilities to its customers and its aim of maximizing returns on its portfolio of power assets and digital infrastructure.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks; malicious actors or botnet obtaining control of processing power on the Bitcoin network; further development and acceptance of the Bitcoin network; changes to Bitcoin mining difficulty; loss or destruction of private keys; increases in fees for recording transactions in the Blockchain; erroneous transactions; reliance on a limited number of key employees; reliance on third party mining pool service providers; regulatory changes; classification and tax changes; momentum pricing risk; fraud and failure related to digital asset exchanges; difficulty in obtaining banking services and financing; difficulty in obtaining insurance, permits and licenses; internet and power disruptions; geopolitical events; uncertainty in the development of cryptographic and algorithmic protocols; uncertainty about the acceptance or widespread use of digital assets; failure to anticipate technology innovations; the COVID19 pandemic, climate change; currency risk; lending risk and recovery of potential losses; litigation risk; business integration risk; changes in market demand; changes in network and infrastructure; system interruption; changes in leasing arrangements; failure to achieve intended benefits of power purchase agreements; potential for interrupted delivery, or suspension of the delivery, of energy to mining sites and other risks related to the digital asset mining and data center business. For a complete list of the factors that could affect Hut 8, please see the “Risk Factors” section of Hut 8’s Transition Report on Form 10-K, available under the Company’s EDGAR profile at http://www.sec.gov, and Hut 8’s other continuous disclosure documents which are available under the Company’s SEDAR+ profile at http://www.sedarplus.ca and EDGAR profile at http://www.sec.gov.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Media Relations
    media@hut8.com

    The MIL Network

  • MIL-OSI Asia-Pac: Special traffic arrangements for National Day Fireworks Display on October 1

    Source: Hong Kong Government special administrative region

         Police will implement special traffic arrangements on Hong Kong Island and Kowloon to facilitate the National Day Fireworks Display to be held on October 1 (Tuesday).Kowloon——-Crowd safety management measures in Tsim Sha Tsui————————————————-     Police will implement crowd safety management measures in Yau Tsim District and Hung Hom Waterfront Promenade, including pedestrianising roads at Tsim Sha Tsui and Hung Hom Waterfront Promenade in phases.      Depending on the prevailing crowd situation, Police will implement safety measures within the pedestrianised areas including the closure of pedestrian subways and putting up barriers. One-way flow will be applied on overcrowded footbridges and in the vicinity of the waterfront promenade. If necessary, restrictions on access to MTR stations will be put into force by the MTR Corporation Limited.      The Hong Kong Cultural Centre, the vicinity of the Clock Tower, and the Avenue of Stars are known to be popular gathering and vantage points. When these areas are saturated, the crowd will be diverted to other areas.      At present, there are some construction works at the West Kowloon Cultural District. The contractors have erected hoardings and barriers to seal off the area concerned with relevant notices displayed. Members of the public are urged not to enter these sites and not to climb or lean against the barriers.      Members of the public should follow the instructions given by Police officers and take heed of Police signage and broadcasts at scene.Special traffic arrangements—————————-     The following special traffic arrangements will be implemented by phases until the crowd has dispersed and traffic resumes normal:A. Road closure and traffic diversionsPhase I (from 6pm onwards)    The following roads will be closed:- Eastbound and westbound Hung Hom Bypass between Salisbury Road and Hung Hom Road;- Southbound and northbound Hung Hom Bypass between Salisbury Road and Metropolis Drive;- Southbound Salisbury Road between Hong Chong Road and Hung Hom Bypass;- Eastbound and westbound Salisbury Road between Science Museum Road and Kowloon Park Drive, including Salisbury Road’s eastbound and westbound underpass;- The U-turn slip road of Salisbury Road leading from eastbound Salisbury Road U-turn to westbound Salisbury Road;- Hong Wan Path;- Mody Lane;- Mody Road;- Mody Square;- Granville Square;- Granville Road between Chatham Road South and Science Museum Road, except for franchised buses and green minibuses (GMBs) (the road will be will be re-routed to one-way eastbound);- Southbound Chatham Road South between Cheong Wan Road and Salisbury Road;- Southbound Chatham Road South between Cheong Wan Road and Granville Road, except for franchised buses and GMBs;- Northbound Chatham Road South between Granville Road and Salisbury Road;- Southbound and northbound Carnarvon Road between Granville Road and Nathan Road;- Hau Fook Street;- Cameron Lane;- Cameron Road;- Humphreys Avenue;- Prat Avenue;- Hart Avenue;- Hanoi Road;- Bristol Avenue;- Minden Row;- Minden Avenue;- Blenheim Avenue;- Middle Road;- Northbound Nathan Road between Austin Road and Salisbury Road;- Southbound Nathan Road between Granville Road and Salisbury Road;- Southbound Kowloon Park Drive between Canton Road and Salisbury Road;- Southbound Canton Road between Kowloon Park Drive and Salisbury Road;- Ashley Road;- Hankow Road;- Lock Road;- Haiphong Road;- Ichang Street; and- Peking Road.    During the above road closure period, the following traffic diversions will be implemented:- Traffic along southbound Hung Hom Road will be directed from Hung Hom Bypass to Cheong Tung Road South roundabout;- Traffic along eastbound Metropolis Drive cannot turn right to southbound Hung Hom Bypass;- Traffic along southbound Hung Hom Bypass must turn right to westbound Metropolis Drive;- Traffic along westbound Cheong Wan Road leading to Chatham Road South must turn right to northbound Chatham Road South or go straight to westbound Austin Road, except for franchised buses and GMBs;- Franchised buses and GMBs along southbound Chatham Road South must turn left to eastbound Granville Road;- Franchised buses along southbound Nathan Road must turn right to westbound Public Square Street or westbound Jordan Road;- Traffic along westbound Jordan Road cannot turn left to southbound Canton Road. Vehicles must go straight to Nga Cheung Road direction or turn left to southbound Wui Man Road;- Traffic along southbound Canton Road must make a U-turn to northbound Canton Road outside China Hong Kong City;- Traffic along northbound Kowloon Park Drive cannot turn left to southbound Canton Road;- Traffic along eastbound Salisbury Road must turn left to northbound Kowloon Park Drive;- Traffic along northbound Kowloon Park Drive cannot turn right to Peking Road;- Westbound Granville Road between Nathan Road and Carnarvon Road will turn to eastbound contraflow. Traffic along southbound Nathan Road will be instructed to turn left to eastbound Granville Road;- Traffic along Science Museum Road cannot turn to Mody Road and Granville Road;- Traffic along southbound Salisbury Road near Hong Chong Road will be diverted to Tsim Sha Tsui East; and- Traffic along eastbound Granville Road must turn left to northbound Chatham Road South.Phase II (from 6.30pm onwards)     The following roads will be closed:- Northbound Kowloon Park Drive between Canton Road and Salisbury Road; and- Eastbound and westbound Salisbury Road between Canton Road and Kowloon Park Drive.Phase III (from 7pm onwards)     The following roads will be closed:- The U-turn slip road of Austin Road West near the Xiqu Centre leading from westbound Austin Road West U-turn to eastbound Austin Road West;- The first lane of Austin Road West leading to Austin Road West roundabout;- The U-turn slip road of Austin Road West near The Harbourside leading from eastbound Austin Road West U-turn to westbound Austin Road West;- Museum Drive; and- Cultural Drive.    During the above road closure period, the following traffic diversions will be implemented:- Traffic along eastbound and westbound Austin Road West cannot enter the slip roads of Austin Road West; and- Traffic along southbound Nga Cheung Road entering Austin Road West roundabout cannot turn to Museum Drive. Vehicles will be directed to eastbound Austin Road West or northbound Nga Cheung Road.Phase IV (from 8.45pm onwards)     The following roads will be closed:- Southbound and northbound Nathan Road between Jordan Road and Austin Road;- Eastbound Bowring Street between Pilkem Street and Nathan Road;- Eastbound Tak Shing Street between Tak Hing Street and Nathan Road;- Southbound Nathan Road between Austin Road and Granville Road;- Pine Tree Hill Road;- Hillwood Road;- Carnarvon Road between Kimberley Road and Granville Road;- Shun Yee Street;- Granville Circuit;- Northbound Chatham Road South between Observatory Road and Granville Road;- Kimberley Road between Nathan Road and Observatory Road;- Kimberley Street;- Granville Road between Nathan Road and Chatham Road South;- Southbound and northbound Canton Road between Austin Road and Kowloon Park Drive;- Austin Road West roundabout between the entrance of Austin Road West and the exit and entrance of Museum Drive; and- Southbound and northbound Nga Cheung Road between Jordan Road and Austin Road West.    During the above road closure period, the following traffic diversions will be implemented:- Traffic along southbound Nathan Road must turn right to westbound Jordan Road;- Traffic along westbound Jordan Road cannot turn left to southbound Nathan Road;- Traffic along westbound Austin Road and southbound Cox’s Road cannot turn to Pine Tree Hill Road;- Traffic along Observatory Road cannot turn to westbound Kimberley Street;- Traffic along northbound Pilkem Street cannot turn right to eastbound Bowring Street;- Traffic along eastbound Bowring Street must turn left to northbound Pilkem Street;- Traffic along southbound Canton Road cannot go straight. Vehicles must turn left to eastbound Austin Road or turn right to westbound Austin Road West;- Traffic along eastbound Austin Road West cannot turn right. Vehicles must turn left to northbound Canton Road or go straight to eastbound Austin Road;- Traffic along northbound Gateway Boulevard must leave from northbound Kowloon Park Drive;- Traffic along westbound Jordan Road must turn to the Kowloon Station Public Transport Interchange after turning left to southbound Nga Cheung Road;- Traffic along westbound Austin Road West must go straight to Nga Cheung Road elevated road; and- Traffic along southbound Nga Cheung Road entering Austin Road West roundabout must turn left to eastbound Austin Road West.Contingency plan     If necessary, the following roads will be closed:- Hung Luen Road between Wa Shun Street and Hung Lok Road;- Oi King Street; and- Kin Wan Street.     During the above road closure period, the following traffic diversions will be implemented:- Traffic along westbound Hung Luen Road must turn left to Wa Shun Street;- Traffic along Wa Shun Street must turn right to eastbound Hung Luen Road;- Traffic along southbound Hung Lok Road cannot turn left to eastbound Hung Luen Road; and- Traffic along eastbound Hung Luen Road must turn left to northbound Hung Lok Road.B. Suspension of Bus Terminus and Public Transport Interchange     The following Bus Terminus and Public Transport Interchange will be suspended, until the crowd has dispersed and traffic resumes normal:     The Mody Road Bus Terminus will be suspended from 6pm.     The Star Ferry Bus Terminus will be suspended from 6.30pm.     The China Hong Kong City Public Transport Interchange will be suspended from 8.45pm.C. Suspension of car park     Vehicles will not be permitted to access or leave car parks in the affected areas during the road closure period.D. Suspension of on-street parking spaces     All on-street parking spaces located at Tsim Sha Tsui South (i.e. South of Austin Road) will be suspended from noon on October 1 to 0.01am of the following day.Hong Kong Island—————-A. Road closurePhase I (Before the fireworks display)Central District—————     Tramway Lane outside Lower Peak Tram Station leading from Garden Road to the office of World Wild Fund for Nature Hong Kong will be closed from 2pm to 11.59pm, except for franchised buses.Wan Chai North————–     Expo Drive East at the north of Expo Drive outside Golden Bauhinia Square including the pick-up and drop-off areas will be closed from 4pm to 11.59pm.     The following roads will be closed from 7.30pm onwards:Central District—————- Man Kwong Street;- Man Fai Street;- Man Yiu Street between Man Kwong Street and Man Po Street;- Loading and unloading area outside Central Ferry Piers 7, 8 and 9; and- Unnamed Road near Lung Wo Road outside General Post Office.Central – Wan Chai Bypass————————- – The slip road linking eastbound Central – Wan Chai Bypass to Expo Drive;- The slip road linking Lung Wo Road to eastbound Central – Wan Chai Bypass; and- The slip road linking westbound Central – Wan Chai Bypass to Lung Wo Road.Wan Chai North————— Eastbound Fenwick Pier Street;- Lung King Street;- Eastbound Harbour Road;- Expo Drive;- Expo Drive Central;- Expo Drive East;- Lung Wo Road between Lung Hop Street and Fleming Road;- Lung Tat Path;- Convention Avenue;- Fleming Road Flyover;- Fleming Road between Expo Drive and Harbour Road;- Northbound Tonnochy Road between eastbound Harbour Road and Hung Hing Road;- Southbound Tonnochy Road between Hung Hing Road and Gloucester Road;- Marsh Road between Gloucester Road and Hung Hing Road;- Marsh Road Flyover;- Marsh Road between Hennessy Road and Lockhart Road;- Hung Hing Road;- Hung Hing Road Flyover;- Wan Shing Street; and- Wan Ying Street.Peak Area———- Northbound Peak Road beyond the car park entrance of Peak Galleria, except for residents’ vehicles;- Barker Road, except for residents’ vehicles;- All laybys along Stubbs Road between Peak Road and Stubbs Road roundabout; and- All laybys along Magazine Gap Road between Peak Road and May Road.     The following roads will be closed from 8pm onwards:Eastern District————– Watson Road;- Whitfield Road;- Glass Street;- King Ming Road;- Hing Fat Street northward of Whitfield Road; and- Victoria Park Road (Causeway Bay Typhoon Shelter).     The following roads will be closed from 8.15pm onwards:Central District————— Yiu Sing Street;- Lung Wo Road;- Edinburgh Place;- Tim Wa Avenue;- Legislative Council Road;- Tim Mei Avenue;- Lung Wui Road;- Lung Hop Street;- Unnamed road between Harcourt Road and Performing Arts Avenue;- Performing Arts Avenue; and- Edinburgh Place.Wan Chai North————— Tonnochy Road Flyover;- Northbound Tonnochy Road between Gloucester Road and Harbour Road;- Westbound Harbour Road;- Harbour Drive;- Fleming Road between Gloucester Road and Harbour Road; and- Fenwick Street between Gloucester Road and Harbour Road.Phase II (During the fireworks display)     The following roads will be closed from 8.55pm to 9.28pm:Eastern District—————– Westbound Island Eastern Corridor between Victoria Park Road and Man Hong Street, except for franchised buses;- Slip roads leading to westbound Island Eastern Corridor from Healthy Street Central and Tong Shui Road; and- Westbound Central – Wan Chai Bypass.Phase III (After the fireworks display)     The following roads will be closed from 8.55pm onwards:Central District————— Man Yiu Street between Man Cheung Street and Man Po Street;- Man Po Street; and- Finance Street between Man Yiu Street and Man Po Street.Wan Chai South————— Lockhart Road between Percival Street and Luard Road;- Jaffe Road between Percival Street and Luard Road;- Southbound Luard Road between Gloucester Road and Jaffe Road;- O’Brien Road;- Fleming Road between Gloucester Road and Hennessy Road;- Stewart Road;- Tonnochy Road between Gloucester Road and Hennessy Road;- Marsh Road between Gloucester Road and Hennessy Road;- Canal Road West between Gloucester Road and Hennessy Road;- Canal Road East between Gloucester Road and Hennessy Road;- If necessary, Percival Street between Lockhart Road and Gloucester Road; and- If necessary, westbound Gloucester Road service road between Percival Street and Canal Road East.B. Traffic Diversions     In connection with the above road closure, the following traffic diversions will be implemented:From 7.30pm onwards:- Rumsey Street between Chung Kong Road and Connaught Road Central will be re-routed to one-way southbound; and- All uphill traffic along Peak Road towards Harlech Road, Lugard Road and Mount Austin Road will be diverted downhill via the slip road beside the car park entrance at the Peak Galleria, except for residents’ vehicles or vehicles with permits.From 8.55pm to 9.28pm:     Traffic along westbound Island Eastern Corridor will be diverted to Man Hong Street.From 8.55pm onwards:     Traffic along eastbound Connaught Road West Flyover will be diverted to Finance Street.C. Suspension of parking spaces     All on-street metered, motorcycle and disabled parking spaces (Meter nos: 3186 to 3188, 3190 to 3193 and 3197) at Tramway Lane outside Lower Peak Tram Station will be suspended from 1pm to 11pm.     All on-street parking spaces at Expo Drive East at the north of Expo Drive outside Golden Bauhinia Square will be suspended from 4pm to 11.59pm.     All on-street metered and motorcycle parking spaces at Victoria Peak Garden and Mount Austin Road (Meter nos: 1515(A/B) to 1518(A/B), 1523(A/B) to 1526(A/B), 1519A, 1520A, 1521(A/B) and 1522B) will be suspended from 7pm to 11.59pm.     All parking spaces at the following locations will be suspended from 3pm to 11.59pm:- Man Kwong Street;- Ying Sing Street;- Lung Wo Road;- Unnamed Road near Lung Wo Road outside General Post Office;- Edinburgh Place;- Lung Wui Road; and- Lung Hop Street.     All parking spaces at the following locations will be suspended from 4pm to 11.59pm:- Hung Hing Road;- Expo Drive;- Expo Drive East;- Convention Avenue;- Wan Shing Street;- Gloucester Road service road;- Stewart Road between Jaffe Road and Gloucester Road service road;- Marsh Road between Hennessy Road and Lockhart Road;- Jaffe Road between Percival Street and Luard Road; and- Lockhart Road between Percival Street and Luard Road.     All parking spaces at the following locations will be suspended from 7pm to 11.59pm:- Watson Road; and- Whitfield Road.D. Suspension of Public Transport Interchange     The Exhibition Centre Station Public Transport Interchange and Man Yiu Street Public Transport Interchange will be suspended from 6.30pm to 11.59pm.E. Suspension of car parks     Vehicles parked in car parks within the above closed areas at North Point, Wan Chai North, Wan Chai South and Central District will not be permitted to enter/leave the car parks during the road closure period.     If necessary, the vehicular entrance/exit along on westbound Gloucester Road between Paterson Street and Percival Street will be closed without prior notice.     Any vehicles found illegally parked within the precincts mentioned above will be towed away without prior warning, and may be subject to multiple ticketing.     Members of the public are advised to use public transport to access the above areas. They should pay attention to the latest special traffic arrangements announced by the Transport Department and the latest weather news released by the Hong Kong Observatory. Actual implementation of the crowd safety management measures and traffic arrangements will be made depending on traffic and crowd conditions in the areas. Members of the public are advised to exercise tolerance and patience and take heed of instructions of the Police on site.     If the cancellation of the fireworks display is announced by the organiser, the above-mentioned crowd safety management measures and special traffic arrangements will not be implemented.

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Montenegro’s digital transition starts at school

    Source: European Investment Bank

    Decades of urbanisation and funding shortages have placed a strain on Montenegro’s education system. Now, with funding from Team Europe, the country is investing in its education system to prepare students with the skills they need for the job market and the Western Balkan country’s bid to join Europe’s single market.

    The government’s new Montenegro education programme aims to transform the learning experience for generations of pupils and provide them with the skills required for innovation and growth.

    The funds will enable the reconstruction, digitalisation and equipping of 13 education facilities, including kindergartens, primary, vocational and secondary schools. The investments will create up to 1,700 new places for pupils and 530 full-time jobs for teachers, once the project is completed in 2027.

    “The education sector in Montenegro is in need of attention and faces many challenges,” says Yngve Engstrom, Head of Cooperation at the EU Delegation to Montenegro.

    “We hope that these investments will improve the conditions for Montenegrin students, teachers and other school personnel and that they will support the comprehensive reforms needed in the education sector,” he added.

    EU funds will also finance the construction of a new primary school in the capital city, Podgorica, that will use at least 20% less energy and water than comparable facilities and set a new energy efficiency standard for public buildings.

    MIL OSI Europe News

  • MIL-OSI Europe: Other events – The Activities of the EU Agency for Criminal Justice Cooperation (Eurojust) – 30-09-2024 – Committee on Civil Liberties, Justice and Home Affairs

    Source: European Parliament

    Mr Ladislav Hamran, the President of the European Union Agency for Criminal Justice Cooperation since 2017, will present to LIBE Committee Members the Agency, its role and current activities.

    Created in 2002 and headquartered in The Hague, its mission is to support coordination and cooperation among national investigating and prosecuting authorities in order to tackle “serious crimes” that affect two or more Member States.

    Following the adoption of the Eurojust Regulation ((EU) 2018/1727), three significant amendments have been introduced, providing the agency with the legal authority to collect, preserve and share evidence on war crimes, reinforce its powers to combat serious crimes (digital exchange in terrorism cases -and establish a platform to support the functioning of Joint Investigation Teams. An evaluation of the Eurojust Regulation’s implementation must be carried out by the European Commission by the end of the current year.

    MIL OSI Europe News

  • MIL-OSI: RBC iShares Expands Access to BlackRock’s Award-Winning Investment Platform with Active ETFs

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) —  Today, RBC iShares expands access to BlackRock’s award-winning investment platform with the launch of two active bond ETFs (collectively the iShares Funds).1 The iShares Funds provide clients with the best of BlackRock’s fixed income investment insights in liquid, transparent and cost-effective ETFs.

    The iShares Flexible Monthly Income ETF (XFLI, XFLI.U) invests in the BlackRock Flexible Income ETF (BINC)2, managed by Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock. The strategy will also be available hedged to the Canadian dollar with the listing of the iShares Flexible Monthly Income ETF (CAD-Hedged)(XFLX). The iShares Funds seek to deliver monthly income by primarily allocating to hard-to-reach global fixed income sectors, such as high yield, emerging markets debt and securitized assets.

    The iShares Flexible Monthly Income ETF has now closed the initial offering of its units and the units will be listed on the Toronto Stock Exchange (TSX) when markets open today. The units of the iShares Flexible Monthly Income ETF (CAD-Hedged) are expected to be listed on the TSX when markets open on October 1, 2024.

    The iShares Funds are designed to complement core bond exposures by providing enhanced yield across the global fixed income opportunity set, unconstrained by traditional benchmarks. They leverage the scale of BlackRock’s US$2.8 trillion fixed income platform,3 providing clients with unparalleled market access.

    Rick Rieder, Chief Investment Officer of Global Fixed Income, BlackRock:

    “Today’s investment environment presents a golden age for fixed income. Investors can achieve high yields without taking on excessive risk. By staying active, agile, and well-diversified, these ETFs aim to capture historic opportunities across fixed income markets whenever and wherever they become available.”

    Helen Hayes, Head of iShares Canada, BlackRock:

    The launch of these ETFs brings the alpha generation capabilities of BlackRock’s global fixed income platform to Canadian investors. The deep resources and specialized market insights of our Fundamental Fixed Income Team will provide investors exposure to less accessible sectors of fixed Income, further enabling opportunities to capitalize on the strong yield environment.”

    The new iShares Funds are noted in the table below and will be managed by BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect wholly-owned subsidiary of BlackRock, Inc.

    Fund Name Ticker Management Fee4 Listing Date
    iShares Flexible Monthly Income ETF XFLI
    XFLI.U
    0.55 % September 26, 2024
    iShares Flexible Monthly Income ETF (CAD-Hedged) XFLX 0.55 % October 1, 20245

    RBC iShares aims to help clients achieve their investment objectives by empowering them to build efficient portfolios and take control of their financial futures. RBC iShares is committed to delivering a truly differentiated ETF experience and positive outcomes for clients.

    For more information about RBC iShares, please visit https://www.rbcishares.com.

    About BlackRock        

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

    About iShares ETFs

    iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1400+ exchange traded funds (ETFs) and US$3.86 trillion in assets under management as of June 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

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

    Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 100,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 18 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

    We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

    About RBC Global Asset Management
    RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $660 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

    RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

    ® / TM Trademark(s) of Royal Bank of Canada. Used under license. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under license. © 2023 BlackRock Asset Management Canada Limited and RBC Global Asset Management Inc. All rights reserved.

    Contact for Media:
    Reem Jazar
    Email: reem.jazar@blackrock.com

    1 Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, was awarded the U.S. Morningstar Award for Investing Excellence: Outstanding Portfolio Manager on March 21, 2023.
    2 Currently, the iShares Funds will, directly or indirectly, invest all or substantially all of their assets in BINC.
    3 Source: BlackRock Q2 2024 Earnings, as of June 30, 2024.

    4 As an annualized percentage of the iShares Fund’s daily net asset value. If applicable, BlackRock Canada or an affiliate is entitled to receive a fee for acting as manager of each iShares ETF in which this iShares Fund may invest (an “underlying product fee” and together with the management fee payable to BlackRock Canada, the “total annual fee”). As the underlying product fees are embedded in the market value of the iShares ETFs in which this iShares Fund may invest, any underlying product fees are borne indirectly by this iShares Fund. BlackRock Canada will adjust the management fee payable to it by this iShares Fund to ensure that the total annual fees paid directly or indirectly to BlackRock Canada and its affiliates by this iShares Fund will not exceed the percentage of the NAV set out above. The total annual fee is exclusive of HST. Any underlying product fees borne indirectly by this iShares Fund are calculated and accrued daily and are paid not less than annually.
    5 Listing date is subject to regulatory approvals.

    The MIL Network