Category: France

MIL-OSI: International Petroleum Corporation Announces First Quarter 2025 Financial and Operational Results

Source: GlobeNewswire (MIL-OSI)

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) — William Lundin, IPC’s President and Chief Executive Officer, comments: “We are pleased to announce another strong quarter of operational and financial performance for Q1 2025. IPC achieved an average net daily production during the quarter of 44,400 barrels of oil equivalent per day (boepd). Our results during the quarter were in line with the 2025 guidance announced at our Capital Markets Day in February as we continue to execute according to plan across our operations in Canada, Malaysia and France. Notably, the transformational Blackrod Phase 1 development project in Canada has progressed substantially during the quarter and forecast first oil is maintained with the original project sanction guidance for late 2026. We also continued with purchases of IPC common shares under the normal course issuer bid, having completed approximately 60% of the current 2024/2025 program between December 2024 to March 2025.”

Q1 2025 Business Highlights

Average net production of approximately 44,400 boepd for the first quarter of 2025, within the guidance range for the period (52% heavy crude oil, 15% light and medium crude oil and 33% natural gas).⁽¹⁾
Continued progressing Phase 1 development activity as well as future phase resource maturation works at the Blackrod asset.
At Onion Lake Thermal, all four planned production infill wells and the final Pad L well pair have been successfully drilled.
3.9 million IPC common shares purchased and cancelled during Q1 2025 and continuing with target to complete the full 2024/2025 NCIB this year.

Q1 2025 Financial Highlights

Operating costs per boe of USD 17.3 for Q1 2025, in line with guidance.⁽³⁾
Operating cash flow (OCF) generation of MUSD 75 for Q1 2025, in line with guidance.⁽³⁾
Capital and decommissioning expenditures of MUSD 99 for Q1 2025, in line with guidance.
Free cash flow (FCF) generation for Q1 2025 amounted to MUSD -43 (MUSD 37 pre-Blackrod capital expenditure).⁽³⁾
Gross cash of MUSD 140 and net debt of MUSD 314 as at March 31, 2025.⁽³⁾
Net result of MUSD 16 for Q1 2025.

Reserves and Resources

Total 2P reserves as at December 31, 2024 of 493 MMboe, with a reserve life index (RLI) of 31 years.⁽¹⁾⁽²⁾
Contingent resources (best estimate, unrisked) as at December 31, 2024 of 1,107 MMboe.⁽¹⁾⁽²⁾
2P reserves net asset value (NAV) as at December 31, 2024 of MUSD 3,083 (10% discount rate).⁽¹⁾⁽²⁾

2025 Annual Guidance

Full year 2025 average net production guidance range forecast maintained at 43,000 to 45,000 boepd.⁽¹⁾
Full year 2025 operating costs guidance range forecast maintained at USD 18 to 19 per boe.⁽³⁾
Full year 2025 OCF revised guidance estimated at between MUSD 240 and 270 (assuming Brent USD 60 to 75 per barrel for the remainder of 2025) from previous guidance of between MUSD 210 and 280 (assuming Brent USD 65 to 85 per barrel).⁽³⁾⁽⁴⁾
Full year 2025 capital and decommissioning expenditures guidance forecast maintained at MUSD 320.
Full year 2025 FCF revised guidance estimated at between MUSD -135 and -110 (assuming Brent USD 60 to 75 per barrel for the remainder of 2025) from previous guidance of between MUSD -150 and -80 (assuming Brent USD 65 to 85 per barrel), after taking into account MUSD 230 of forecast full year 2025 capital expenditures relating to the Blackrod asset.⁽³⁾⁽⁴⁾

	Three months ended March 31
USD Thousands	2025	2024
Revenue	178,492	206,419
Gross profit	44,149	55,184
Net result	16,231	33,719
Operating cash flow⁽³⁾	74,790	89,301
Free cash flow⁽³⁾	(43,172)	(43,311)
EBITDA⁽³⁾	70,946	87,020
Net cash/(debt)⁽³⁾	(314,255)	(60,572)

During the first quarter of 2025, oil prices were relatively stable, with Brent prices averaging just below USD 76 per barrel. Following the quarter, commodity prices pulled back with spot Brent rates falling to USD 60 per barrel in April 2025. The physical crude market remained tight throughout the first quarter, prompting OPEC and the OPEC+ group to increase supply ahead of expectations. The timing of the supply increases coincided with the United States proposing harsh tariffs to countries deemed in a trade surplus of US goods. These two events have impacted future crude supply and demand outlooks, in turn weighing on spot and future oil benchmark prices. Despite the poor market sentiment, global inventories remain below the 5-year average, high geopolitical tensions persist, non-OPEC 2025 oil production (namely, in the US) is unlikely to grow at current prices, and US Federal Reserve Bank rate cuts are likely to occur in the near future. IPC prudently supplemented downside protection measures at the beginning of the first quarter of 2025 through financial swap hedging arrangements which in total represent nearly 40% of our forecast 2025 oil production at around USD 76 and USD 71 per barrel for Dated Brent and West Texas Intermediate (WTI), respectively, for the remainder of 2025.

In Canada, WTI to Western Canadian Select (WCS) crude price differentials during the first quarter of 2025 averaged just under USD 13 per barrel, with spot differentials decreasing to around USD 9 per barrel in April 2025. The Western Canadian Sedimentary Basin (WCSB) petroleum producers have greatly benefited from the TMX pipeline expansion with differentials tightening to levels not seen since 2020. There are currently no tariffs on Canadian crude exports to the United States, which remain covered by the US Mexico Canada free trade agreement. IPC has hedged the WTI/WCS differential for approximately 50% of our forecast 2025 Canadian oil production at USD 14 per barrel for 2025.

Natural gas markets in Canada for the first quarter of 2025 remained weak, given the softer than average winter weather conditions and high natural gas storage levels. The average AECO gas price was CAD 2.1 per Mcf for the first quarter of 2025. The forward strip implies improved pricing for Canadian gas benchmark prices, driven by the pending startup of the West Coast LNG Canada project later this year. Approximately 50% of our net long exposure is hedged at CAD 2.4 per Mcf to end October 2025, dropping to around 15% for November and December at CAD 2.6 per mcf.

First Quarter 2025 Highlights and Full Year 2025 Guidance

During the first quarter of 2025, our portfolio delivered average net production of 44,400 boepd, in line with guidance. Operational performance from our producing assets was strong to start the year as high facility and well uptimes were achieved. Drilling activity commenced in the first quarter of 2025 at Onion Lake Thermal, which aims to sustain production levels at the asset for 2025. In Malaysia, drilling and well maintenance works are planned to start in the second quarter of 2025, in line with plan. We maintain the full year 2025 average net production guidance range of 43,000 to 45,000 boepd.⁽¹⁾

Our operating costs per boe for the first quarter of 2025 was USD 17.3, in line with guidance. Full year 2025 operating expenditure guidance of USD 18.0 to 19.0 per boe remains unchanged.⁽³⁾

Operating cash flow (OCF) generation for the first quarter of 2025 was MUSD 75. Full year 2025 OCF guidance is tightened to MUSD 240 to 270 (assuming Brent USD 60 to 75 per barrel for the remainder of 2025).⁽³⁾⁽⁴⁾

Capital and decommissioning expenditure for the first quarter of 2025 was MUSD 99 in line with guidance. Full year 2025 capital and decommissioning expenditure of MUSD 320 is maintained.

Free cash flow (FCF) generation was MUSD -43 (MUSD 37 pre-Blackrod capital expenditure) during the first quarter of 2025. Full year 2025 FCF guidance is tightened to MUSD -135 to -110 (assuming Brent USD 60 to 75 per barrel for the remainder of 2025) after taking into account MUSD 320 of forecast full year 2025 capital expenditures (including MUSD 230 relating to the Blackrod asset).⁽³⁾⁽⁴⁾

As at March 31, 2025, IPC’s net debt position was MUSD 314, from a net debt position of MUSD 209 as at December 31, 2024, mainly driven by the funding of forecast capital expenditures and the continuing share repurchase program (NCIB). Gross cash on the balance sheet as at March 31, 2025 amounts to MUSD 140 and IPC has access to an undrawn Canadian credit facility of greater than 130 MUSD. The access to liquidity supports IPC to follow through on its key strategic objectives of enhancing stakeholder value through organic growth, stakeholder returns, and pursuing value adding M&A.⁽³⁾

Blackrod

During the first quarter of 2025, IPC continued to advance the Phase 1 development of the Blackrod asset. Growth capital expenditure to first oil is maintained at MUSD 850. First oil of the Phase 1 development is estimated to be in late 2026, with forecast net production of 30,000 boepd by 2028. IPC forecasts capital expenditure in 2025 at the Blackrod asset of MUSD 230, of which MUSD 77 was invested in the Phase 1 development project during Q1 2025. Since the transformational organic growth project was sanctioned in early 2023, MUSD 669, or approximately 80% of the total multi-year project capital budget, has been incurred.⁽¹⁾

Project activities for the multi-year Blackrod Phase 1 development have progressed according to plan. Engineering, procurement and fabrication is substantially complete with greater than 90% of all facility modules delivered to site. Equipment installation, piping inter-connects, electrical and instrumentation are the key areas of focus for construction at the Central Processing Facility (CPF) and well pad facilities.

Resource maturation drilling for future phase expansion considerations took place during Q1 2025. Commercial operational readiness planning has ramped up in line with our progressive turnover strategy to ensure a seamless transition from build to start-up. IPC intends to fund the remaining Blackrod capital expenditure with forecast cash flow generated by its operations, cash on hand and drawing under the existing Canadian credit facility if needed.⁽³⁾

Stakeholder Returns: Normal Course Issuer Bid

In Q4 2024, IPC announced the renewal of the NCIB, with the ability to repurchase up to approximately 7.5 million common shares over the period of December 5, 2024 to December 4, 2025. Under the 2024/2025 NCIB, IPC repurchased and cancelled approximately 0.8 million common shares in December 2024, 3.7 million common shares during Q1 2025, and a further 0.2 million common shares purchased under other exemptions in Canada. The average price of common shares purchased under the 2024/2025 NCIB during Q1 2025 was SEK 146 / CAD 20 per share.

As at March 31, 2025, IPC had a total of 115,176,514 common shares issued and outstanding and IPC held no common shares in treasury. As at April 30, 2025, IPC had a total of 114,248,119 common shares issued and outstanding and IPC held no common shares in treasury.

Notwithstanding the final major capital investment year at Blackrod in 2025, IPC had purchased and cancelled 73% of the maximum 7.5 million common shares allowed under the 2024/2025 NCIB by the end of April 2025 and intends to purchase and cancel the remaining 2.0 million common shares under that program in 2025. This would result in the cancellation of 6.2% of common shares outstanding as at the beginning of December 2024. IPC continues to believe that reducing the number of shares outstanding in combination with investing in long-life production growth at the Blackrod project will prove to be a winning formula for our stakeholders.

Environmental, Social and Governance (ESG) Performance

During the first quarter of 2025, IPC recorded no material safety or environmental incidents.

As previously announced, IPC targets a reduction of our net GHG emissions intensity by the end of 2025 to 50% of IPC’s 2019 baseline and IPC remains on track to achieve this reduction. IPC has also made a commitment to maintain 2025 levels of 20 kg CO₂/boe through to the end of 2028.⁽⁵⁾

Notes:

	(1)	See “Supplemental Information regarding Product Types” in “Reserves and Resources Advisory” below. See also the annual information form for the year ended December 31, 2024 (AIF) available on IPC’s website at www.international-petroleum.com and under IPC’s profile on SEDAR+ at www.sedarplus.ca.
	(2)	See “Reserves and Resources Advisory“ below. Further information with respect to IPC’s reserves, contingent resources and estimates of future net revenue, including assumptions relating to the calculation of net present value (NPV), are described in the AIF. NAV is calculated as NPV less net debt of USD 209 million as at December 31, 2024.
	(3)	Non-IFRS measures, see “Non-IFRS Measures” below and in the MD&A.
	(4)	OCF and FCF forecasts at Brent USD 60 and 70 per barrel assume Brent to WTI differential of USD 3 and 5 per barrel, respectively, and WTI to WCS differential of USD 10 and 15 per barrel, respectively, for the remainder of 2025. OCF and FCF forecasts assume gas price on average of CAD 2.25 per Mcf for the remainder of 2025.
	(5)	Emissions intensity is the ratio between oil and gas production and the associated carbon emissions, and net emissions intensity reflects gross emissions less operational emission reductions and carbon offsets.

International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol “IPCO”.

For further information, please contact:

Rebecca Gordon SVP Corporate Planning and Investor Relations rebecca.gordon@international-petroleum.com Tel: +41 22 595 10 50	Or	Robert Eriksson Media Manager reriksson@rive6.ch Tel: +46 701 11 26 15

This information is information that International Petroleum Corporation is required to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 07:30 CEST on May 6, 2025. The Corporation’s unaudited interim condensed consolidated financial statements (Financial Statements) and management’s discussion and analysis (MD&A) for the three months ended March 31, 2025 have been filed on SEDAR+ (www.sedarplus.ca) and are also available on the Corporation’s website (www.international-petroleum.com).

Forward-Looking Statements
This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”.

Forward-looking statements include, but are not limited to, statements with respect to:

2025 production ranges (including total daily average production), production composition, cash flows, operating costs and capital and decommissioning expenditure estimates;
Estimates of future production, cash flows, operating costs and capital expenditures that are based on IPC’s current business plans and assumptions regarding the business environment, which are subject to change;
IPC’s financial and operational flexibility to navigate the Corporation through periods of volatile commodity prices;
The ability to fully fund future expenditures from cash flows and current borrowing capacity;
IPC’s intention and ability to continue to implement its strategies to build long-term shareholder value;
The ability of IPC’s portfolio of assets to provide a solid foundation for organic and inorganic growth;
The continued facility uptime and reservoir performance in IPC’s areas of operation;
Development of the Blackrod project in Canada, including estimates of resource volumes, future production, timing, regulatory approvals, third party commercial arrangements, breakeven oil prices and net present values;
Current and future production performance, operations and development potential of the Onion Lake Thermal, Suffield, Brooks, Ferguson and Mooney operations, including the timing and success of future oil and gas drilling and optimization programs;
The potential improvement in the Canadian oil egress situation and IPC’s ability to benefit from any such improvements;
The ability to maintain current and forecast production in France and Malaysia;
The intention and ability of IPC to acquire further Common Shares under the NCIB, including the timing of any such purchases;
The return of value to IPC’s shareholders as a result of the NCIB;
IPC’s ability to implement its greenhouse gas (GHG) emissions intensity and climate strategies and to achieve its net GHG emissions intensity reduction targets;
IPC’s ability to implement projects to reduce net emissions intensity, including potential carbon capture and storage;
Estimates of reserves and contingent resources;
The ability to generate free cash flows and use that cash to repay debt;
IPC’s continued access to its existing credit facilities, including current financial headroom, on terms acceptable to the Corporation;
IPC’s ability to identify and complete future acquisitions;
Expectations regarding the oil and gas industry in Canada, Malaysia and France, including assumptions regarding future royalty rates, regulatory approvals, legislative changes, tariffs, and ongoing projects and their expected completion; and
Future drilling and other exploration and development activities.

Statements relating to “reserves” and “contingent resources” are also deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated and that the reserves and resources can be profitably produced in the future. Ultimate recovery of reserves or resources is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

The forward-looking statements are based on certain key expectations and assumptions made by IPC, including expectations and assumptions concerning: the potential impact of tariffs implemented in 2025 by the U.S. and Canadian governments and that other than the tariffs that have been implemented, neither the U.S. nor Canada (i) increases the rate or scope of such tariffs, or imposes new tariffs, on the import of goods from one country to the other, including on oil and natural gas, and/or (ii) imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas; prevailing commodity prices and currency exchange rates; applicable royalty rates and tax laws; interest rates; future well production rates and reserve and contingent resource volumes; operating costs; our ability to maintain our existing credit ratings; our ability to achieve our performance targets; the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the successful completion of acquisitions and dispositions and that we will be able to implement our standards, controls, procedures and policies in respect of any acquisitions and realize the expected synergies on the anticipated timeline or at all; the benefits of acquisitions; the state of the economy and the exploration and production business in the jurisdictions in which IPC operates and globally; the availability and cost of financing, labour and services; our intention to complete share repurchases under our normal course issuer bid program, including the funding of such share repurchases, existing and future market conditions, including with respect to the price of our common shares, and compliance with respect to applicable limitations under securities laws and regulations and stock exchange policies; and the ability to market crude oil, natural gas and natural gas liquids successfully.

Although IPC believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because IPC can give no assurances 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: general global economic, market and business conditions; the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to reserves, resources, production, revenues, costs and expenses; health, safety and environmental risks; commodity price fluctuations; interest rate and exchange rate fluctuations; marketing and transportation; loss of markets; environmental and climate-related risks; competition; innovation and cybersecurity risks related to our systems, including our costs of addressing or mitigating such risks; the ability to attract, engage and retain skilled employees; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; the ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals; geopolitical conflicts, including the war between Ukraine and Russia and the conflict in the Middle East, and their potential impact on, among other things, global market conditions; political or economic developments, including, without limitation, the risk that (i) one or both of the U.S. and Canadian governments increases the rate or scope of tariffs implemented in 2025, or imposes new tariffs on the import of goods from one country to the other, including on oil and natural gas, (ii) the U.S. and/or Canada imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas, and (iii) the tariffs imposed by the U.S. on other countries and responses thereto could have a material adverse effect on the Canadian, U.S. and global economies, and by extension the Canadian oil and natural gas industry and the Corporation; and changes in legislation, including but not limited to tax laws, royalties, environmental and abandonment regulations. Readers are cautioned that the foregoing list of factors is not exhaustive.

Additional information on these and other factors that could affect IPC, or its operations or financial results, are included in the MD&A (See “Risk Factors”, “Cautionary Statement Regarding Forward-Looking Information” and “Reserves and Resources Advisory”), the Corporation’s Annual Information Form (AIF) for the year ended December 31, 2024, (See “Cautionary Statement Regarding Forward-Looking Information”, “Reserves and Resources Advisory” and “Risk Factors”) and other reports on file with applicable securities regulatory authorities, including previous financial reports, management’s discussion and analysis and material change reports, which may be accessed through the SEDAR+ website (www.sedarplus.ca) or IPC’s website (www.international-petroleum.com).

Management of IPC approved the production, operating costs, operating cash flow, capital and decommissioning expenditures and free cash flow guidance and estimates contained herein as of the date of this press release. The purpose of these guidance and estimates is to assist readers in understanding IPC’s expected and targeted financial results, and this information may not be appropriate for other purposes.

Estimated production and FCF generation are based on IPC’s current business plans over the periods of 2025 to 2029 and 2030 to 2034, less net debt of USD 209 million as at December 31, 2024, with assumptions based on the reports of IPC’s independent reserves evaluators, and including certain corporate adjustments relating to estimated general and administration costs and hedging, and excluding shareholder distributions and financing costs. Assumptions include average net production of approximately 57 Mboepd over the period of 2025 to 2029, average net production of approximately 63 Mboepd over the period of 2030 to 2034, average Brent oil prices of USD 75 to 95 per bbl escalating by 2% per year, and average Brent to Western Canadian Select differentials and average gas prices as estimated by IPC’s independent reserves evaluator and as further described in the AIF. IPC’s current business plans and assumptions, and the business environment, are subject to change. Actual results may differ materially from forward-looking estimates and forecasts.

Non-IFRS Measures
References are made in this press release to “operating cash flow” (OCF), “free cash flow” (FCF), “Earnings Before Interest, Tax, Depreciation and Amortization” (EBITDA), “operating costs” and “net debt”/”net cash”, which are not generally accepted accounting measures under International Financial Reporting Standards (IFRS) and do not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable with similar measures presented by other public companies. Non-IFRS measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.

The definition of each non-IFRS measure is presented in IPC’s MD&A (See “Non-IFRS Measures” therein).

Operating cash flow
The following table sets out how operating cash flow is calculated from figures shown in the Financial Statements:

	Three months ended March 31
USD Thousands	2025	2024
Revenue	178,492	206,419
Production costs and net sales of diluent to third party ¹	(103,188)	(115,745)
Current tax	(514)	(1,373)
Operating cash flow	74,790	89,301

¹Includes net sales of diluent to third party amounting to USD 191 thousand for the first quarter of 2025.

Free cash flow
The following table sets out how free cash flow is calculated from figures shown in the Financial Statements:

	Three months ended March 31
USD Thousands	2025	2024
Operating cash flow – see above	74,790	89,301
Capital expenditures	(98,886)	(125,256)
Abandonment and farm-in expenditures¹	(321)	(122)
General, administration and depreciation expenses before depreciation²	(4,358)	(3,653)
Cash financial items³	(14,397)	(3,581)
Free cash flow	(43,172)	(43,311)

¹ See note 16 to the Financial Statements
² Depreciation is not specifically disclosed in the Financial Statements
³ See notes 4 and 5 to the Financial Statements

EBITDA
The following table sets out the reconciliation from net result from the consolidated statement of operations to EBITDA:

	Three months ended March 31
USD Thousands	2025	2024
Net result	16,231	33,719
Net financial items	18,855	9,770
Income tax	4,679	7,746
Depletion and decommissioning costs	29,016	33,153
Depreciation of other tangible fixed assets	1,917	2,262
Exploration and business development costs	31	75
Sale of assets ¹	(94)	–
Depreciation included in general, administration and depreciation expenses ²	311	295
EBITDA	70,946	87,020

¹ Sale of assets is included under “Other income/(expense)” but not specifically disclosed in the Financial Statements
² Item is not shown in the Financial Statements

Operating costs
The following table sets out how operating costs is calculated:

	Three months ended March 31
USD Thousands	2025	2024
Production costs	103,379	115,745
Cost of blending	(37,726)	(45,206)
Change in inventory position	3,500	5,277
Operating costs	69,153	75,816

Net cash/(debt)
The following table sets out how net cash / (debt) is calculated from figures shown in the Financial Statements:

USD Thousands	March 31, 2025	December 31, 2024
Bank loans	(4,449)	(5,121)
Bonds¹	(450,000)	(450,000)
Cash and cash equivalents	140,194	246,593
Net cash/(debt)	(314,255)	(208,528)

¹ The bond amount represents the redeemable value at maturity (February 2027).

Reserves and Resources Advisory
This press release contains references to estimates of gross and net reserves and resources attributed to the Corporation’s oil and gas assets. For additional information with respect to such reserves and resources, refer to “Reserves and Resources Advisory” in the MD&A. Light, medium and heavy crude oil reserves/resources disclosed in this press release include solution gas and other by-products. Also see “Supplemental Information regarding Product Types” below.

Reserve estimates, contingent resource estimates and estimates of future net revenue in respect of IPC’s oil and gas assets in Canada are effective as of December 31, 2024, and are included in the reports prepared by Sproule Associates Limited (Sproule), an independent qualified reserves evaluator, in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101) and the Canadian Oil and Gas Evaluation Handbook (the COGE Handbook) and using Sproule’s December 31, 2024 price forecasts.

Reserve estimates, contingent resource estimates and estimates of future net revenue in respect of IPC’s oil and gas assets in France and Malaysia are effective as of December 31, 2024, and are included in the report prepared by ERC Equipoise Ltd. (ERCE), an independent qualified reserves auditor, in accordance with NI 51-101 and the COGE Handbook, and using Sproule’s December 31, 2024 price forecasts.

The price forecasts used in the Sproule and ERCE reports are available on the website of Sproule (sproule.com) and are contained in the AIF. These price forecasts are as at December 31, 2024 and may not be reflective of current and future forecast commodity prices.

The reserve life index (RLI) is calculated by dividing the 2P reserves of 493 MMboe as at December 31, 2024 by the mid-point of the 2025 CMD production guidance of 43,000 to 45,000 boepd.

IPC uses the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). A BOE conversion ratio of 6:1 is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a 6:1 conversion basis may be misleading as an indication of value.

Supplemental Information regarding Product Types

The following table is intended to provide supplemental information about the product type composition of IPC’s net average daily production figures provided in this press release:


	Heavy Crude Oil (Mbopd)	Light and Medium Crude Oil (Mbopd)	Conventional Natural Gas (per day)	Total (Mboepd)
Three months ended
March 31, 2025	23.2	6.5	88.2 MMcf (14.7 Mboe)	44.4
March 31, 2024	24.9	7.9	96.0 MMcf (16.0 Mboe)	48.8
Year ended
December 31, 2024	23.9	7.7	95.1 MMcf (15.8 Mboe)	47.4

This press release also makes reference to IPC’s forecast total average daily production of 43,000 to 45,000 boepd for 2025. IPC estimates that approximately 52% of that production will be comprised of heavy oil, approximately 15% will be comprised of light and medium crude oil and approximately 33% will be comprised of conventional natural gas.

Currency
All dollar amounts in this press release are expressed in United States dollars, except where otherwise noted. References herein to USD mean United States dollars and to MUSD mean millions of United States dollars. References herein to CAD mean Canadian dollars.

The MIL Network –

May 6, 2025

MIL-OSI: Viridien secures sale of Sercel Marlin Offshore Logistics solution to ONGC
Source: GlobeNewswire (MIL-OSI)

Paris, France – May 6, 2025

Viridien has announced a sale of its state-of-the art Sercel Marlin™ Offshore Logistics management solution to Oil and Natural Gas Corporation (ONGC) to enhance operational efficiency and safety across its Western offshore E&P operations in India. The sale includes a five-year contract to provide ONGC with dedicated on-premises Sercel software and support services.

The Sercel Marlin Offshore Logistics solution will digitize and streamline ONGC’s complex offshore E&P logistics, increasing situational awareness through real-time vessel tracking and boosting efficiency in operational planning while also managing helicopter transit. Seamless integration with ONGC’s market-leading ERP systems will also ensure efficient data exchange and decision-making. Additionally, Marlin’s advanced artificial intelligence (AI) and machine learning (ML) algorithms will future-proof ONGC’s operations by further enhancing operational efficiency and planning. All of this will support ONGC’s vision to deliver business excellence and achieve their carbon neutrality objectives.

Jérôme Denigot, EVP, Sensing & Monitoring, Viridien, said: “We are proud to support ONGC’s digitalization strategy with our Sercel Marlin Offshore Logistics solution. Tailored for both cloud-based and on-premises deployment, it offers unparalleled flexibility to accommodate a client’s diverse infrastructure needs. This award widens our footprint in India’s offshore energy sector and opens up future growth opportunities for our Sercel software solutions in the region. This latest collaboration strengthens our position as a leading provider of operations and logistics software for the energy industry and beyond.”

About Viridien:

Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

Contacts

Attachment
- Viridien secures sale of Sercel Marlin Offshore Logistics solution to ONGC
The MIL Network –
May 6, 2025

MIL-OSI: Report for the three months ended 31 March 2025

Source: GlobeNewswire (MIL-OSI)

Highlights

Power generation amounted to 251 GWh for the first quarter 2025, being at the lower end of the outlook range, mainly as a result of weather impact and production curtailments related to the provision of ancillary services, for which the Company receives compensation.
Reached the ready-to-permit milestone and launched a sales process for a 98 MW solar project in Germany.
Reached the ready-to-permit milestone on a second solar and battery project in the UK, bringing the total volume of ready-to-permit projects to 2.5 GW, with the sales process awaiting the conclusion of the ongoing grid connections reform.

Consolidated financials

Cash flows from operating activities amounted to MEUR 0.6.

Proportionate financials

Achieved electricity price amounted to EUR 40 per MWh, which resulted in a proportionate EBITDA of MEUR 0.4.
Proportionate net debt of MEUR 68.6, with significant liquidity headroom available through the MEUR 170 revolving credit facility.

Financial Summary

Orrön Energy owns renewables assets directly and through joint ventures and associated companies and is presenting proportionate financials in addition to the consolidated financial reporting under IFRS to show the net ownership and related results of these assets. The purpose of the proportionate reporting is to give an enhanced insight into the Company’s operational and financial results.

Financial performance	Q1
MEUR	2025	2024
Revenue	9.3	12.3
EBITDA	– 0.9	3.1
Operating profit (EBIT)	– 5.2	– 1.0
Net result	– 4.0	– 2.6
Earnings per share – EUR	– 0.01	– 0.01
Earnings per share diluted – EUR	– 0.01	– 0.01
Alternative performance measures
Proportionate financials¹
Power generation (GWh)	251	274
Average price achieved per MWh – EUR	40	49
Operating expenses per MWh – EUR	20	15
Revenue	10.1	13.5
EBITDA	0.4	5.1
Operating profit (EBIT)	– 4.9	–
¹ Proportionate financials represent Orrön Energy’s proportionate ownership (net) of assets and related financial results, including joint ventures. For more details see section Key Financial Data in the Q1 Report 2025.

Comment from Daniel Fitzgerald, CEO of Orrön Energy
“Our greenfield platform is now well established after two years of investment, recruitment and project delivery. We have launched our first sales process in Germany for a 98 MW agri-PV project, and have around 2.5 GW of solar and battery projects in the UK at the ready-to-permit stage awaiting a final resolution from the ongoing grid connections reform. Over the course of 2025 and 2026, we expect to start monetising the first of these projects and I look forward to seeing the results of the hard work and dedication of the teams creating these opportunities. Our UK projects are amongst some of the largest solar projects in the country to date, and will make a significant contribution to the UK government’s ambition to reach net zero through renewable investment and decarbonisation of the power systems. The UK grid connections reform is still underway, and we expect to receive feedback during the fall of 2025, after which we expect to resume our sales process. It is unfortunate that the reform was launched mid-way through our sales process, and although we will see a delay, the value and interest from investors remains strong, as does the UK government’s support for projects such as ours. We expect to share more details on the outcome of the ongoing reform and our progress later this year.

Our proportionate power generation in the first quarter amounted to 251 GWh, which was at the lower end of our outlook range, primarily due to weather conditions and curtailments linked to the ancillary services provided at our MLK windfarm. We are actively working to qualify additional sites for ancillary services, where we receive compensation when activated. This, alongside voluntary curtailments during periods of low electricity pricing, forms part of a broader set of measures we introduced last year to optimise our revenues and mitigate the ongoing volatility in power markets. Nordic electricity markets remain challenging with low prices and high volatility, and we are seeing that impact not only in our business, but across the sector with very few new renewable energy projects sanctioned.

Financially resilient
We remain in a strong financial position, with MEUR 100 of liquidity headroom, and have the ability to manage the pace of our investments as markets evolve. Proportionate revenues and other income for the quarter amounted to MEUR 10.2, and proportionate EBITDA was MEUR 0.4, reflecting the impact of electricity prices during the quarter. Project sales from our greenfield portfolio are expected to commence during the course of this year which should lead to a positive impact on our financial results and EBITDA. Our cost base will further reduce following the conclusion of the Sudan trial in the second quarter of 2026, strengthening our financial position going forward. Electricity prices are set to remain volatile, and future revenues from power sales will remain subject to the underlying Nordic electricity prices, which have been at sustained low levels for the last quarters. I expect to see this improve in the medium term given the lack of new power generation being built, especially in Sweden.

Looking ahead
The Company is continuing to deliver in line with our strategy to build a portfolio of producing assets and a pipeline of large-scale greenfield projects. We are making good progress on all fronts with optimisation and consolidation in our producing asset base and continued maturation in our project pipeline. We are supported by a highly skilled and committed team in the Nordics, and a dynamic development team driving our greenfield growth in the UK, Germany and France.

The long-term outlook for renewable energy remains robust, underpinned by strong policy support, increasing electrification, and growing demand for low-carbon solutions across Europe. As we are investing in onshore technologies with the lowest breakeven price, I am confident that our portfolio is well positioned to deliver long-term value in this space and provide a much-needed new supply of low-cost energy to society. European electricity prices, especially in Germany and the UK, remain at elevated levels, well above the breakeven cost for new renewable projects to be sanctioned, which stands our greenfield portfolio in good shape for delivering long-term returns.

I would like to once again thank our shareholders for your continued support, and look forward to further updates during 2025.”

Webcast
Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and presenting the latest developments in Orrön Energy and its future growth strategy at a webcast today at 14.00 CEST. The presentation will be followed by a question-and-answer session.

Follow the presentation live on the below webcast link:
https://orron-energy.events.inderes.com/q1-report-2025

For further information, please contact:

Robert Eriksson
Corporate Affairs and Investor Relations
Tel: +46 701 11 26 15
robert.eriksson@orron.com

Jenny Sandström
Communications Lead
Tel: +41 79 431 63 68
jenny.sandstrom@orron.com

Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany, and France. With financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.

Forward-looking statements
Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

Attachment

Orrön Energy Q1 Report 2025 English

The MIL Network –

May 6, 2025

MIL-Evening Report: The ‘feminisation’ of Labor is a key reason Australians embraced it – and Anthony Albanese

Source: The Conversation (Au and NZ) – By Paul Strangio, Emeritus Professor of Politics, Monash University

Watching elections over the decades, one thing that has struck me is that results are invariably hyperbolised in the first blush of the people’s verdict. The achievement of the winners is over-egged in the commentary, as is the scale of the calamity suffered by the losers.

That caveat notwithstanding, I think we can credibly say that Saturday’s election result was the most momentous since John Howard’s totemic victory of 2001 — a win that set in train much of what has happened in Australian politics over the course of this century.

As I suggested in my pre-election essay on Anthony Albanese’s prime ministership, the impending victory for Labor would in part be an endorsement, even if grudging, of his leadership of the nation. It would be a reward for the fact that, despite limitations, he had run an industrious, orderly, united and scandal-free government. His was a mature administration that the country had been bereft of for nearly two decades.

But the magnitude of Labor’s triumph on Saturday was undoubtedly most of all a repudiation of Duttonism. It was an emphatic assertion of what Australia is not. Why that makes this election the most significant since 2001 is that Dutton was an ideological heir to Howard — as before him was Tony Abbott, notwithstanding the latter’s idiosyncratic influence by the philosophy of the post-war right-wing Catholic crusader, B.A. Santamaria.

Dutton entered the House of Representatives at the 2001 election, and the early advance of his parliamentary career was nurtured by Howard. As he articulated during this campaign, Dutton regarded Howard as his political touchstone.

Like Abbott’s, Dutton’s leadership of the Liberal Party represented a doubled down version of the conservative populism that Howard so effectively unleashed at the 2001 election.

This was a point that Lech Blaine perceptively recognised in his chilling 2024 Quarterly Essay portrait of Dutton. In common with Abbott, Dutton’s rendition of Howardism was an aggressively crude variant. Moreover, both of these unequal proteges were wanting in their mentor’s masterful political dexterity. Antithetical to the heritage of the Liberal Party, they were also short of interest in, let alone aptitude for, economic policy.

Howard’s conservative populism was directed at cleaving working-class voters off Labor, especially in outer suburban electorates of Australia. For some time, there has been an emerging expectation that Dutton was poised to fruitfully capitalise on an incipient revolt against the Albanese government in outer suburbia. That is, a belief that these seats were susceptible to swallowing whole Dutton’s Frankenstein version of Howardism.

Dutton’s strategy for hunting after votes in the outer suburbs and the commentary that has attended to it did a disservice to those communities. Undoubtedly, their populations, fast growing and undergoing a tsunami of demographic change, are enduring severe economic duress and struggling with over-stretched infrastructure and services.

But there has been too much of a readiness to extrapolate from this that they were ripe for embracing an angry, grievance-fuelled politics, that they were vulnerable to xenophobic dog whistling, that they were, in short, home to an uglier Australia.

The rejection of Duttonism in outer suburbia Australia suggests that, to the contrary, because of their kaleidoscopic diversity of ethnicities and cultures, these communities shrink from a politics of divisiveness and nativism.

In other words, the routing of the Liberals on Saturday ought to be the moment that finally closes the door on the direction that Howard orientated the party at the beginning of this century. It should be his last hurrah.

The dilemma, of course, is that stripped of moderates (the idea of the vaunted “broad church” thriving under Howard was itself greatly exaggerated), there is a serious question of whether the Liberals can reverse their 25-year rightwards pivot.

The new leader could begin the journey back towards the centre by never darkening the doors of Sky News after Dark. A folly of Abbott and Dutton was their tribal attitude to the media. They skewed their communications to reactionary sympathisers who, rather than providing a reality check, encouraged ideological amplification.

Read more:
In its soul-searching, the Coalition should examine its relationship with the media

What of Albanese and his leadership? In my pre-election essay on him, I flagged a concern that victory would feed his self-narrative of always being under-estimated. That it would encourage him to stick fast to his first term modus operandi of cautious, dogged incrementalism at a point when the nation is overdue for a burst of expansive reformism. The scale of Saturday’s win arguably heightens that risk.

Yet we do have to acknowledge that Albanese, fortunate though he has been with the incurably inauthentic Scott Morrison and then Dutton as opponents, has been under-estimated. He has insisted since 2022 that his was a two-term strategy in which the first would be about measured consolidation that would, in turn, open the path to a long-term Labor government whose legacy would be durable change. This result means the prime minister and his team now have the opportunity to achieve that.

Watching the ABC’s election night broadcast, a chief takeaway was the conspicuous camaraderie among senior members of Albanese’s Labor cabinet. Treasurer Jim Chalmer’s sincerely generous words about the prime minister’s leadership exemplified that.

During Labor’s first term, I wondered whether Chalmers, for all his virtues, was actually too much a patient team player and not enough of an agitator within the government. In other words, that he did not sufficiently ginger up Albanese for greater policy adventurism, as Paul Keating did Bob Hawke during the last great era of Labor reformism.

But Saturday night spotlighted a different, but perhaps at least as equally valuable, dynamic at the top of the government. That is genuine respect, even affection, between its key personnel. Keating could never have been as laudable of Hawke as Chalmers was of Albanese as the votes were tallied.

This says much about the character of Chalmers, as it does about other leading cabinet members who have exuded that spirit of camaraderie throughout the life of the government. Most notably, the prime minister’s brains trust: Richard Marles, Penny Wong, Tony Burke, Mark Butler and Katy Gallagher.

But it must also reflect Albanese’s respect for his colleagues. It speaks to his ability to harmoniously manage a team, his gift for generating unity of purpose, and his willingness to afford ministers a self-empowering autonomy in contributing to Labor’s collective enterprise. These are no small things. Respect and decency in a government begins with the prime minister and filters down.

Let us not get misty-eyed. Albanese is vulcanised by a lifetime in politics. He is tough and a ruthless foe. His political blooding was as a left faction functionary in the right-controlled New South Wales Labor Party. Intra-party knife fighting was an essential part of the skill set he developed.

But, consistent with all prime ministers, to understand Albanese’s approach to leadership we need to return to his formative roots. He was fatherless, defined by being the only child of a single mum, disability pensioner. These circumstances, as former journalist Katharine Murphy identified, imbued him with a pronounced streak of self-sufficiency, a “lone wolf” aspect. Yet also discernible is a resulting “feminine” side to his character and his prime-ministerial style.

Albanese readily exhibits empathy and emotion. A familiar sight of him is lips quivering as he struggles to suppress tears. He dares speak of kindness and compassion as positive leadership attributes — in this he evokes former New Zealand prime minister, Jacinda Ardern. And he practices a collaborative, cooperative minded governing operating mode, which are behaviours conventionally associated with women leaders.

Not coincidentally, a striking feature of Albanese’s prime ministership is that the “feminisation” of Labor has proceeded apace. For instance, policies such as the movement towards universal childcare support and government-backed wage increases in the care industries whose workforce is dominated by women employees. The record proportion of women appointed to cabinet. The continuing storming of the ramparts of caucus by women — they now comprise a majority of the party room — reinforced at the federal election most spectacularly in Brisbane, where six additional female Labor candidates prevailed, including Ali France, slayer of Dutton. And the consolidation of the pattern of women voters favouring Labor.

It’s unfashionable these days to quote the post-war lion of the Labor left, Jim Cairns. However, when he retired in 1977, Cairns was asked who he would like to inherit his seat. He replied, “a woman, they feel the value of life”. Perhaps a sentiment by which Albanese abides.

In the past, Paul Strangio received funding from the Australian Research Council.

– ref. The ‘feminisation’ of Labor is a key reason Australians embraced it – and Anthony Albanese – https://theconversation.com/the-feminisation-of-labor-is-a-key-reason-australians-embraced-it-and-anthony-albanese-255883

MIL OSI Analysis – EveningReport.nz –

May 6, 2025
MIL-OSI Banking: France and Spain launch Tiger MkIII programme

Source: Airbus

Headline: France and Spain launch Tiger MkIII programme

OCCAR (Organisation for Joint Armament Cooperation), on behalf of the French and Spanish Armament General Directorate, the DGA (Direction Générale de l’Armement) and the DGAM (Dirección General de Armamento y Material) has awarded a contract to Airbus Helicopters for the development, production, and initial in-service support of the Tiger MkIII.

MIL OSI Global Banks –

May 6, 2025
MIL-OSI Banking: Airbus inaugurates new campus to train the pilots of tomorrow

Source: Airbus

Headline: Airbus inaugurates new campus to train the pilots of tomorrow

Airbus Flight Academy Europe (AFAE), a 100% subsidiary of Airbus, has inaugurated a new campus, in Angoulême, South-West France. During the ceremony, Airbus confirmed that Volotea, the Barcelona-based airline, is the first to recruit its Airbus pilot cadets.

MIL OSI Global Banks –

May 6, 2025
MIL-OSI USA: Rep. Hill Fights to Turn Vacant Federal Building into Community Space in Perry County

Source: United States House of Representatives – Congressman French Hill (AR-02)

WASHINGTON, D.C. — Today, Congressman French Hill (AR-02) has introduced legislation to direct the Secretary of Agriculture to convey a vacant U.S. Forest Service building and its surrounding land in Perryville, Arkansas, to Perry County.

Rep. Hill said, “For years, this building has sat empty when the people of Perry County could have put it to good use. My bill will change that. By transferring it to the county, it will give the community the space it needs for youth programs, agricultural education, and conservation efforts that strengthen families and support our local economy. This is a smart use of public resources and a clear win for the community. I’m proud to lead this effort and look forward to seeing this legislation become law so Perry County can finally put this building to work for its people.”

The 0.81-acre parcel, located at 1069 Fourche Avenue, includes a federal building operated by the U.S. Forest Service. The building is vacant, and the U.S. Forest Service has no plans to use it going forward. While the building will require repairs and updates, Perry County has the funds to make the necessary improvements. Once conveyed and repaired, the property will support permanent operations of the University of Arkansas Extension Program and the Perry County Conservation District, and serve as the meeting space for the 4-H Youth Development Program.

Several local leaders and Perry County residents have voiced their support for the building to be conveyed to Perry County.

Perry County Judge Larry Blackmon said, “The prospect of being able to use this building means a lot to the citizens of Perry County. It will let us turn a vacant space into something useful for our kids, local farmers, and conservation work without putting extra strain on the county’s budget. Having control of the building will help us serve our community for years to come, and I’m truly grateful to Congressman Hill and his team for their help in making it possible.”

Donnie Crain, president of the Perry County Chamber of Commerce, said, “We pride ourselves in Perry County as being ‘Rural Arkansas at its best’ — and our Extension Service and the resources that they provide are a big component of our community. The transfer of this facility will not only bolster the efforts of the University of Arkansas Extension Service but also foster a stronger, more resilient Perry County.”

Amy Branch, chair of the board of the Perry County Conservation District, said, “This transfer would provide significant benefits to our community and support several county agencies. Consolidating resources in one location will improve coordination, communication, and efficiency, ultimately enhancing the services we provide to the residents of Perry County. Having a suitable facility to house these efforts is essential to continue environmental stewardship and support for landowners, farmers, and residents.”

Kallem Hill, president of the Perry County Farm Bureau Board of Directors, said, “This facility holds significant potential to serve as a vital resource for our community. By securing a dedicated space for their operations, we believe the Extension Service will be able to enhance its outreach and impact, thereby benefiting the entire Perry County population. Its transfer to Perry County will ensure that the building is maintained and utilized effectively, contributing to the continued growth and development of our agricultural community.”

Jacob Farnam, board president of the Perryville School District, said, “This facility has the potential to become a vital hub for the Perry County Extension Service and 4-H Youth Development Programs, delivering significant benefits to our community — particularly its young people. This transfer would empower the Extension Service and 4-H to strengthen Perry County for years to come.”

Rose Gunther, a local resident, said, “As a 4-H member, I witnessed firsthand the dedication of our extension staff, who often faced challenges in securing enough space to conduct vital programming. Whether it was for cooking classes, public speaking exercises, or hands-on projects like the Kids Chef Challenge, our staff frequently had to scramble to find suitable venues, stretching resources thin. Securing the U.S. Forest Service facility would offer a much-needed solution to these challenges.”

Ettamarie Belden, a local resident, said, “I have been a 4-H leader and volunteer for over 50 years, and our county has always been short of space for 4-H activities as well as adult activities and training. It would be a blessing to be able to put this area to use.”

MIL OSI USA News –

May 6, 2025
MIL-OSI Europe: Press release – Press conference on European Parliament report on Türkiye

Source: European Parliament

Nacho Sánchez Amor – standing rapporteur for Turkey – will hold a press conference at 10:30 on Wednesday.

The European Parliament will vote on the report on the 2023 and 2024 Commission reports on Türkiye on Wednesday. Before the vote, Nacho Sánchez Amor (S&D, ES) will answer questions from journalists during a press conference.

When: 10:30 – 11:00, Wednesday, 7 April, 2025

Where: Strasbourg, Daphne Caruana Galizia press conference room (WEISS N -1/201) and remote participation via Interactio

Interpretation will be available in English, French, German, Greek, Italian and Spanish.

Journalists online wishing to actively participate and ask questions, please connect via Interactio.

You can also follow the press conference online via webstreaming.

Background

The enlargement reports are the European Parliament’s response to the Commission’s annual reports on the candidate and potential candidate countries in the EU accession process. Resolutions adopted in plenary represent the European Parliament’s official position as regards EU relations with these countries.

Information for the media – Use Interactio to ask questions

Interactio is only supported on iPad (with the Safari browser) and Mac/Windows (with the Google Chrome browser).

When connecting, enter your name and the media you are representing in the first name / last name fields.

For better sound quality, use headphones and a microphone. Interpretation is only possible for interventions with video.

Journalists who have never used Interactio before are asked to connect 30 minutes before the start of the press event to perform a connection test. IT assistance can be provided if necessary.

When connected, open the chat window (upper right corner) to be able to see the service

For more details, check the connection guidelines and recommendations for remote speakers.

MIL OSI Europe News –

May 6, 2025
MIL-OSI Economics: Transparency remains a central focus at subsidies committee discussions

Source: WTO

Headline: Transparency remains a central focus at subsidies committee discussions

The Chair referred to the most recent WTO Secretariat update, noting that 82 members have yet to submit their 2023 and 2021 subsidy notifications, and that 72 members have still not submitted their 2019 notifications. He reiterated his call for members to submit their notifications promptly, emphasizing that all members benefit from the collective effort of timely and complete notifications. Eight members echoed these calls and commended the Secretariat’s continued efforts to support members in preparing and submitting their notifications, including through targeted technical assistance.
Review of members’ subsidy notifications
During the special meeting, the Committee examined 2023 new and full subsidy notifications submitted by Albania, Bahrain, Ecuador, India, Kazakhstan and Montenegro. Additionally, it reviewed outstanding notifications from earlier cycles, notably from Madagascar (2019). The Committee also continued its review of 2023 subsidy notifications from Australia, Brazil, China, Eswatini, Nepal, Norway, Türkiye, the United States and Vanuatu. It also continued its review of a 2019 notification from the Russian Federation.
National legislation
The Committee reviewed legislative notifications submitted by Armenia, Cambodia, Kazakhstan, the Kyrgyz Republic, the Russian Federation, the United Kingdom and the United States. It also continued its review of the legislative notifications of the European Union, Ghana, the Kyrgyz Republic, Saint Kitts and Nevis, and the Solomon Islands.
Reports of members on countervailing duty actions
Members reviewed semi-annual reports on countervailing duty actions submitted by Australia, Brazil, Canada, China, Colombia, the European Union, India, Mexico, Peru, Chinese Taipei, Türkiye, the United States and Viet Nam for the period July to December 2024.
The Committee also considered notifications on preliminary and final countervailing duty actions from members including Australia, Brazil, Canada, China, the European Union, Mexico, the United Kingdom and the United States.
The Chair emphasized the need for regular and timely submissions of these reports to ensure ongoing transparency and effective oversight by the Committee.
Other matters
The Chair recalled the 31 December 2015 deadline for the elimination of export subsidies by members that received “fast track” extensions under Article 27.4 of the SCM Agreement. He noted that only 15 of the 19 members that had received extensions have provided the final required notifications. He called on the remaining members to comply without delay.
The Committee reviewed the updated GNI per capita calculations for members listed in Annex VII(b) of the SCM Agreement. According to the latest figures, Senegal graduated from Annex VII(b) while the following members did not: Congo, Ghana, Honduras, Kenya, Nicaragua, Nigeria, Pakistan and Zimbabwe. They therefore remain on the list until their GNP per capita exceeds US$ 1,000 (in constant 1990 dollars) for three consecutive years.
The Committee also discussed, and members exchanged views on, a range of issues under the following separate agenda items: “discriminatory subsidies policies and measures of the United States” (item sponsored by China); “France’s electric vehicle subsidies programme” (sponsored by the Republic of Korea); and “subsidies and overcapacity” (sponsored by the European Union, Japan, the United Kingdom and the United States).
The Committee elected Mr Kazumochi Kometani from Japan as the new member of the Permanent Group of Experts replacing Ms Tomoko Ota, also from Japan.
The Committee conducted a scheduled review of its trial use of the e-Agenda platform, originally agreed in October 2023, to streamline meeting procedures by enabling the upload of delegations’ statements. The Committee agreed to extend the current trial arrangement for an additional two years. A formal review will take place at the Committee’s spring 2027 meeting.
Next meeting
The Chair reminded members that the autumn 2025 meetings of the SCM Committee are scheduled to take place in the week of 27 October 2025.

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MIL OSI Economics –

May 6, 2025
MIL-OSI Europe: Answer to a written question – Beneficiaries and amounts invested under the MediaInvest instrument? – E-000858/2025(ASW)
Source: European Parliament
MediaInvest[1], a part of the InvestEU[2] programme, is a dedicated equity investment vehicle aimed at stimulating private investment in the audiovisual and gaming sectors. It is implemented by the European Investment Fund[3] (EIF) on behalf of the Commission.

To date, the EIF has signed four deals under MediaInvest ( Logical Content Ventures (France), focusing on content production; Behold Ventures (Sweden) focusing on video games sector; IPR.VC (Finland) focusing on European films and TV series; Together S.L.P (France), focusing on audiovisual small and medium enterprises).

The EIF publishes once a year on its website a list of (i) financial intermediaries[4] being supported via InvestEU, including MediaInvest; and (ii) final beneficiaries[5] that have received financial support via InvestEU for an amount of at least EUR 500 000.

As announced in the communication ‘The Road to the next multiannual financial framework’[6], the Commission intends to present its proposal for the next multiannual financial framework in July 2025.

InvestEU aim at ensuring that financial intermediaries commit to invest a minimum amount into EU eligible companies. In addition, MediaInvest requires that a significant percentage of the investments targets audiovisual projects based in the EU.

[1] https://digital-strategy.ec.europa.eu/en/policies/mediainvest

[2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=LEGISSUM:4516649

[3] eif.org/index.htm

[4] www.eif.org

[5] https://www.eif.org/InvestEU/equity_products/ieu-equity-visibility-report-final-recipients.pdf

[6] COM(2025) 46 final.
Last updated: 5 May 2025
MIL OSI Europe News –
May 6, 2025
MIL-OSI USA: Griffith Statement on President Trump Executive Order Targeting Gain-of-Function Research

Source: United States House of Representatives – Congressman Morgan Griffith (R-VA)

U.S. President Donald J. Trump signed an Executive Order to halt U.S. federal funding of gain-of-function research in overseas countries, like China and Iran, without proper oversight measures. In response to the Executive Order, U.S. Congressman Morgan Griffith (R-VA) issued the following statement:

“President Trump’s decisive action against gain-of-function research is a significant step towards greater government agency accountability. While this news is welcomed by many who have closely investigated COVID-19 origins, I believe future congressional action is essential to monitoring gain-of-function research of concern, reforming our public health agencies and protecting American life from risky experiments that involve dangerous virus transmission in humans.”

BACKGROUND

In the 118^th Congress, Rep. Griffith chaired the House Committee on Energy and Commerce Subcommittee on Oversight & Investigations.

Rep. Griffith chaired hearings on various issues, including but not limited to topics of biosafety and risky research.

Rep. Griffith was the lead Energy and Commerce Member in numerous forums with public health officials that were in various leadership positions during the outbreak of COVID-19, including working closely with the Select Subcommittee on the Coronavirus Pandemic.

During this time, Chairman Griffith participated in closed-door transcribed interviews questioning former National Institute of Allergy and Infectious Diseases (NIAID) Director Dr. Anthony Fauci and questioning former National Institutes of Health (NIH) Director Dr. Frances Collins.

Rep. Griffith was also a key figure in examining EcoHealth Alliance President Dr. Peter Daszak.

EcoHealth is the company that received grants from NIAID which in turn gave subgrants to the Wuhan Institute of Virology to conduct research on Coronavirus evolution and transmission.

Because of questions asked by Rep. Griffith related to significant inconsistencies and delays in required reports, among others, the U.S. Department of Health and Human Services recently announced that Dr. Daszak and EcoHealth Alliance would be debarred for five years, cutting them off from U.S. federal funding.

In January of 2025, the Wall Street Journal reported that President Trump was considering an Executive Order to halt federal funding to gain-of-function research. In response, Rep. Griffith called on President Trump to scrutinize the country’s national gain-of-function research policy.

Some of Rep. Griffith’s e-newsletters on these topics can be found here and here.

In March, Rep. Griffith introduced the Risky Research Review Act and the Royalty Transparency Act to rein in the federal health bureaucracy.

###

MIL OSI USA News –

May 6, 2025
MIL-OSI United Kingdom: PM call with President Macron of France: 5 May 2025
Source: United Kingdom – Executive Government & Departments

Press release

PM call with President Macron of France: 5 May 2025

The Prime Minister spoke to France’s President Emmanuel Macron this evening.
The Prime Minister spoke to France’s President Emmanuel Macron this evening.

The Prime Minister began by reflecting on how privileged he felt to be part of the moving VE Day celebrations this week, including the commemorative events held today.

Turning to the situation in Ukraine, the leaders discussed the need for Russia to commit to a 30-day ceasefire to ensure meaningful peace talks. Ukraine had proved it was willing and ready to come to the table and was the party of peace, the Prime Minister added.

The leaders also looked ahead to the UK-France summit taking place later this year and agreed to step up ambition between the two countries across all areas, including defence and security and irregular migration. Both leaders underscored that more needed to be done to disrupt irregular migration upstream.

They also agreed on the importance of a successful EU-UK summit in two weeks’ time.

Discussing the situation in Gaza, both expressed their deep concern at recent developments and agreed a renewed peace process was required.

The leaders looked forward to speaking again soon.

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Published 5 May 2025
MIL OSI United Kingdom –
May 6, 2025
MIL-OSI USA: In Bipartisan Push, Welch and Hawley Introduce Major Legislation to Lower Prescription Drug Prices

US Senate News:

Source: United States Senator Peter Welch (D-Vermont)
WASHINGTON, D.C. — U.S. Senators Peter Welch (D-Vt.) and Josh Hawley (R-Mo.) today introduced the Fair Prescription Drug Prices for Americans Act, bipartisan legislation to lower drug prices for Americans. The Senators’ bill would offer relief for millions of patients by prohibiting pharmaceutical companies from selling drugs in the United States at higher prices than an international average, ending the practice of forcing Americans to pay the world’s highest prices for medications.
“No one should ever be forced to choose between paying for the prescriptions they need or putting food on the table. But Big Pharma’s price gouging has made that a reality for many Americans, forcing them to pay four or five times more for the same lifesaving medications as folks in other countries—it’s unacceptable,” said Senator Welch. “In his first term, President Trump pursued a most-favored nation policy to level the playing field for American patients. This bipartisan bill offers his administration a template to work with Congress to make that goal a reality. We have an obligation to ensure folks in Vermont, Missouri, and across the country get the best possible price for their prescription drugs.”
“For too long, Americans have subsidized prescription drug costs for foreigners while paying outrageous prices for their own medications,” said Senator Hawley. “President Trump previously advanced major reforms to ensure that American patients pay the same prices as consumers abroad. This bipartisan legislation would continue that work to end a drug market that favors Big Pharma, make prescriptions affordable again, and empower Americans to get the care they need.”
The Fair Prescription Drug Prices for Americans Act would correct decades of policies that benefited pharmaceutical companies but left American patients holding the bag. While other developed nations pay reasonable prices for prescription drugs, Americans pay substantially higher prices for the same medications. In his first term, President Trump pursued “international price index” and “most favored nation” policies on drugs covered by Medicare to end these practices.
The bill would also impose stiff civil monetary penalties on pharmaceutical companies that violate this rule. Specifically, the penalty would equal ten times the difference between the U.S. list price and the average price of the drug sold in Canada, France, Germany, Japan, Italy, and the United Kingdom. Penalties would be calculated and charged for each unit of drug or biological product sold at an inflated price.
Read and download the full text of the Fair Prescription Drug Prices for Americans Act.

MIL OSI USA News –

May 6, 2025
MIL-OSI Africa: Zimbabwe’s Finance Minister to Present Energy Investment Outlook at Invest in African Energy (IAE) 2025

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

PARIS, France, May 5, 2025/APO Group/ —

Mthuli Ncube, Zimbabwe’s Minister of Finance, Economic Planning and Investment Promotion, will address global investors at the Invest in African Energy (IAE) 2025 Forum in Paris next week. As a keynote speaker, Minister Ncube will present Zimbabwe’s energy investment outlook, economic reform agenda and efforts to mobilize private capital across the power, hydrocarbons and renewable energy value chains.

Zimbabwe is targeting rapid energy sector expansion to meet rising industrial and consumer demand, reduce reliance on electricity imports and support long-term economic transformation. Key investment opportunities span power generation, transmission infrastructure, oil and gas exploration and the deployment of renewable energy – with a particular emphasis on solar and hydroelectric resources. The country is estimated to have a $4.8-billion funding gap for large-scale solar projects and is actively working to expand the pool of available capital. Efforts are also underway to enhance financial inclusion and secure more favorable terms for foreign investors in energy infrastructure.

IAE 2025 (http://apo-opa.co/3GH3mpN) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Meanwhile, Zimbabwe is home to the Muzarabani Prospect in the north, currently being explored by Australian-listed Invictus Energy. The company has identified eight high-potential gas and condensate prospects in the eastern portion of its Cabora Bassa Basin project, with the Musuma prospect emerging as a key target for exploration drilling in 2025. Recent survey results revealed significant prospectivity in the eastern basin, estimating approximately 2.9 trillion cubic feet of gas and 184 million barrels of condensate across the eight prospects on a gross mean unrisked basis.

Minister Ncube’s participation signals Zimbabwe’s commitment to fostering an enabling investment environment and positioning energy as a central pillar of national development. The country’s strategic location, resource potential and improving macroeconomic stability make it a compelling destination for long-term infrastructure and energy investment.

“Minister Ncube’s keynote will offer investors direct insight into the policy direction and financing mechanisms shaping Zimbabwe’s energy future. His presence at IAE 2025 underscores the country’s strong push to deepen international investment partnerships in support of energy access and industrialization,” says Sandra Jeque, Events & Project Director at Energy Capital & Power.

MIL OSI Africa –

May 6, 2025
MIL-OSI USA: In Bipartisan Push, Hawley & Welch Introduce Major Legislation to Lower Prescription Drug Prices

US Senate News:

Source: United States Senator Josh Hawley (R-Mo)

Monday, May 05, 2025

Today U.S. Senator Josh Hawley (R-Mo.) and Senator Peter Welch (D-Vt.) introduced legislation to lower the cost of drug prices for Americans. The Fair Prescription Drug Prices for Americans Act would offer relief for millions of patients while ensuring Americans are no longer financing lower drug costs for foreigners.
This legislation would correct decades of policies that benefited pharmaceutical companies but left American patients holding the bag. While other developed nations pay reasonable prices for prescription drugs, Americans pay substantially higher prices for the same medications. In his first term, President Trump pursued “international price index” and “most favored nation” policies on drugs covered by Medicare to end these practices.
“For too long, Americans have subsidized prescription drug costs for foreigners while paying outrageous prices for their own medications,” Senator Hawley said.“President Trump previously advanced major reforms to ensure that American patients pay the same prices as consumers abroad. This bipartisan legislation would continue that work to end a drug market that favors Big Pharma, make prescriptions affordable again, and empower Americans to get the care they need.”
“No one should ever be forced to choose between paying for the prescriptions they need or putting food on the table. But Big Pharma’s price gouging has made that a reality for many Americans, forcing them to pay four or five times more for the same lifesaving medications as folks in other countries—it’s unacceptable,” said Senator Welch. “In his first term, President Trump pursued a most-favored nation policy to level the playing field for American patients. I’m glad to partner with Senator Hawley on this bipartisan bill that offers the administration a template to work with Congress to make that goal a reality. We have an obligation to ensure folks in Vermont, Missouri, and across the country get the best possible price for their prescription drugs.”
The Fair Prescription Drug Prices for Americans Act would:
Prohibit pharmaceutical companies from selling drugs in the United States at higher prices than the international average, ending the practice of forcing Americans to pay the world’s highest prices for medications
Impose stiff civil monetary penalties on pharmaceutical companies that violate this rule. Specifically:
The penalty would equal 10 times the difference between the U.S. list price and the average price of the drug sold in Canada, France, Germany, Japan, Italy, and the United Kingdom.
Penalties would be calculated and charged for each unit of drug or biological product sold at an inflated price.

Click here for full text of the bill.

MIL OSI USA News –

May 6, 2025
MIL-OSI USA: Tiffany Announces Winners of the 2025 Congressional Art Competition

Source: United States House of Representatives – Representative Tom Tiffany (WI-07)

WAUSAU, WI – Today, Congressman Tom Tiffany (WI-07) announced the winners of Wisconsin’s Seventh District 2025 Congressional Art Competition. Created in 1982, the Congressional Art Competition is a great opportunity for young artists to have their work displayed in the U.S. Capitol Building. This year’s theme was: A day in the life of Wisconsin.

“Each year, I become more impressed by the young talent in Wisconsin’s Seventh District. Thank you to all the artists who participated in the 2025 Congressional Art Competition, and congratulations to this year’s winners,” said Congressman Tiffany.

First Place Winner

Name: Aubrey Cronce

School: Wausau East High School

Title: Midsummer Spark

Second Place Winner

Name: Anna Rose Czarnecki

School: Wolfpack Academy (Greenwood)

Title: Down the Road



Third Place Winner

Name: Francesca Germano

School: Northwestern High School

Title: I Went Golfing Yesterday



Honorable Mention

Name: Sona Ovezmyradova

School: Hayward High School

Title: Dairyland Memories

The first-place winner’s artwork will be displayed in the Cannon Tunnel of the U.S. Capitol for one year. The Cannon Tunnel is the most highly traveled walkway between the U.S. House of Representatives and the U.S. Capitol. Southwest Airlines also offers each first-place winner two round-trip tickets to attend the Winners’ Celebration in Washington, DC. The second-place winner’s artwork will be displayed in my Washington, DC office, and the third-place winner’s artwork will be displayed in my Wausau office.

###

MIL OSI USA News –

May 6, 2025
MIL-OSI China: Xi’s historical insights into war and peace 2025-05-06 01:17:07 As the top Chinese leader travels to Moscow to celebrate the 80th anniversary of victory in the Great Patriotic War, his presence both carries the weight of history and reaffirms a vision of the future.

Source: People’s Republic of China – Ministry of National Defense

Chinese President Xi Jinping watches the military parade during the commemoration activities to mark the 70th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War, in Beijing, capital of China, Sept. 3, 2015. (Xinhua/Lan Hongguang)

BEIJING, May 5 (Xinhua) — In the stately Conference Building at the United Nations Headquarters in New York City, a 65-inch-tall resplendent bronze vessel gleams under soft light, its cloisonne enamel blazing in vibrant Chinese red.

The “Zun of Peace,” presented by Chinese President Xi Jinping in September 2015 as a special gift for the United Nations’ 70th anniversary, is not merely a delicate artifact. It embodies the aspiration and conviction of the Chinese people to seek peace, development, cooperation and win-win outcomes, Xi said at its unveiling.

A decade later, as the top Chinese leader travels to Moscow to celebrate the 80th anniversary of victory in the Great Patriotic War, his presence both carries the weight of history and reaffirms a vision of the future.

Leading a nation always aspiring for peace and harmony in its long history and further strengthened by its battles against militarism, imperialism and fascism in its recent past, Xi commands a unique insight into the value of peace, and has steadfastly championed the building of a peaceful world, a cause of great urgency given the tensions and conflicts on the global landscape today.

Chinese President Xi Jinping (R) attends a presentation ceremony on which the Chinese government gives the “Zun of Peace” to the United Nations as a gift in New York, the United States, Sept. 27, 2015. (Xinhua/Li Tao)

Xi sees history as a mirror from which humanity should draw lessons to avoid repeating past calamities.

This year marks the 80th anniversary of victory in what is commonly known in China as the World Anti-Fascist War or, more globally, as World War II. Almost every part of the world was involved, and more than 100 million were killed or wounded in what was described as the most destructive conflict in human history.

The bravery and tremendous sacrifice of the Chinese people played a decisive role in defeating Fascist Japan and offered strategic support to the Allies on the European and Pacific battlefields.

“History has told us to stay on high alert against war, which, like a demon and nightmare, would bring disaster and pain to the people,” Xi once said. “History has also told us to preserve peace with great care, as peace, like air and sunshine, is hardly noticed when people are benefiting from it, but none of us can live without it.”

This historical observation features prominently in Xi’s unrelenting pursuit of peace. He has repeatedly reiterated China’s commitment to peaceful development, pledging that China will never seek hegemony, expansion or any sphere of influence, no matter how strong it may grow.

During a 2014 visit to France, Xi reshaped Napoleon’s metaphor of China as a “sleeping lion” that would shake the world upon awakening. “Now China the lion has awakened. But it is a peaceful, amicable and civilized lion,” Xi said when illustrating the peaceful dimension of the Chinese Dream.

Xi’s philosophy stems from the millennia-old Chinese culture. An avid reader of traditional Chinese classics, he once expounded how ancient Chinese wisdom views war and peace by quoting “The Art of War,” a Chinese classic written more than 2,000 years ago.

The book’s key message “is that every effort should be made to prevent a war and great caution must be exercised when it comes to fighting a war,” Xi said when delivering a keynote speech in the UN Office at Geneva in 2017.

Xi’s view on prudence in warfare is also reflected in his exchanges with foreign leaders and officials.

“It has long been known that the real experts on military affairs do not want to employ military means to solve issues,” he quoted a Chinese aphorism when meeting with then U.S. Secretary of Defense James Mattis in Beijing in 2018.

Chinese President Xi Jinping straightens the ribbon on a flower basket during a ceremony to present flower baskets to fallen heroes at Tian’anmen Square in Beijing, capital of China, Sept. 30, 2024. (Xinhua/Wang Ye)

A clear manifestation of Xi’s reflection is to cherish history and honor heroes. “A nation of hope cannot be without heroes,” Xi once said. Every year since 2014, Xi has paid tribute to China’s fallen heroes on Martyrs’ Day, which falls on Sept. 30, a day ahead of the country’s National Day.

In 2015, when China celebrated the 70th anniversary of its victory in World War II, Xi presented medals to Chinese veterans and representatives from Russia and other countries who assisted Chinese soldiers on the battlefields.

Nikolai Chuikov, the grandson of Soviet General Marshal Vasily Chuikov, was among those who received a peace medal from Xi. “Of all the honors I have won, I hold the highest regard for the peace medal,” he said.

Chinese President Xi Jinping (R, front) shakes hands with a Russian veteran in Moscow, Russia, on May 8, 2015. (Xinhua/Zhang Duo)

MIL OSI China News –

May 6, 2025
MIL-OSI Canada: Traffic Advisory – Richmond County

Source: Government of Canada regional news

RICHMOND COUNTY: West Bay Road, French Cove

West Bay Road will be reduced to one lane for paving, ditching and culvert repairs until Tuesday, September 30.

Work takes place from sunrise to sunset.

RICHMOND COUNTY: Veterans Memorial Drive, Arichat

Veterans Memorial Drive will be reduced to one lane for paving, ditching and culvert repairs until Tuesday, September 30.

Work takes place from sunrise to sunset.

NOTE: For the most up-to-date provincial traffic notices, follow @511ns on X at https://x.com/511ns, call 511 or visit: https://511.novascotia.ca/

MIL OSI Canada News –

May 6, 2025

MIL-OSI: Planisware – Monthly information relating to the total number of shares and voting rights making-up the share capital – April 2025

Source: GlobeNewswire (MIL-OSI)

Monthly information relating to the total number of shares and voting rights making-up the share capital

Information mensuelle relative au nombre total d’actions et de droits de vote composant le capital social

Article L. 233-8 II of the French Commercial code and article 223-16
of the AMF General Regulation

Article L. 233-8-II du Code de commerce et article 223-16 du Règlement général de l’AMF

Name and address of the Company: Planisware SA
Dénomination sociale de l’émetteur : 200 avenue de Paris
92320 Châtillon
France
(ISIN code : FR001400PFU4)

Date	Total number of shares Nombre total d’actions composant le capital	Number of theorical voting rights Nombre de droits de vote théoriques	Number of effective voting rights* Nombre de droits de vote effectifs*
30/04/2025	70,024,000	70,024,000	70,016,295

*Treasury shares excluded / Actions auto-détenues exclues

Attachment

20250430 – Planisware – total number of shares and voting rights

The MIL Network –

May 6, 2025

MIL-OSI: RUBIS: Q1 2025 trading update – Continued strong operating performance of Rubis’ diversified business model

Source: GlobeNewswire (MIL-OSI)

Paris, 5 May 2025, 5:45pm

Energy Distribution
- Retail & Marketing – Solid volume growth at +4%, gross margin at €218m (+4%)
  - Strong momentum of the retail business both in Africa and in the Caribbean region
  - Bitumen activity performing well in Togo and South Africa – Nigeria volume growth resumes
- Support & Services – Revenue up 2% at €266m
  - Lower bitumen trading margins as a result of higher in-house activity
Renewable Electricity Production
- Secured portfolio up 22% vs March 2024 at 1.1 GWp
No direct impact of trade tariffs on the business
2025 Guidance reaffirmed

SALES BREAKDOWN BY SEGMENT AND BY REGION

(in €m)	Q1 2025	Q1 2024	Q1 2025 vs Q1 2024
Energy Distribution	1,687	1,652	+2%
Retail & Marketing	1,420	1,392	+2%
Europe	215	209	+3%
Caribbean	584	590	-1%
Africa	621	593	+5%
Support & Services	266	260	+2%
Renewable Electricity Production	11	8	+28%
TOTAL	1,697	1,660	+2%

On 5 May 2025, Clarisse Gobin-Swiecznik, Managing Partner, commented on the Q1 2025 activity: “Our position as distributor of energy and mobility solutions, leader in a diversity of regions, has once again proved successful. Q1 demonstrates Rubis’ resilience and ability to deliver strong performance in a challenging global environment. Our Energy Distribution businesses achieved robust growth across all regions while Photosol delivered according to plan. Looking ahead, we remain confident in our 2025 guidance, supported by the strength and growth potential of our diverse businesses”

HIGHLIGHTS

No direct impact of trade tariffs on the business

None of Rubis’ businesses is directly concerned by the trade tariffs turmoil ongoing. The Group does not operate in the US, nor in China.

New geographical development: Acquisition of Soida in Angola

In March 2025, Rubis Énergie acquired 60% of the share capital of Soida (Sociedade Industrial de Derivados Asfálticos), adding to its existing share of 35% acquired at the end of 2022 and leading to a final stake in the Company of 95%. Soida distributes bitumen in Angola with a market share well over 50% and extending further bitumen geographical footprint.

Publication of first Sustainability Statement (CSRD) including strategy and updated climate ambitions for 2030

Rubis’ first Sustainability Statement (CSRD format) was published on 28 April covering among others: Climate change – Update on decarbonisation targets and financial implications. Beyond regulatory requirements, the Sustainability Statement provides a solid foundation for shaping the Group’s Think Tomorrow 2026–2030 Roadmap, which will integrate business-specific priorities and be co-constructed with the operating entities.

Q1 2025 COMMERCIAL PERFORMANCE

1. ENERGY DISTRIBUTION – RETAIL & MARKETING

In Q1 2025, volume continued to increase across the board. Margins also saw an upward trend, with some variability.

Volume sold and gross margin by product in Q1 2025

	Volume (in ‘000 m³)			Gross margin (in €m)
(in ‘000 m³)	Q1 2025	Q1 2024	Q1 2025 vs Q1 2024	Q1 2025	Q1 2024	Q1 2025 vs Q1 2024
LPG	346	343	1%	83	84	-0%
Fuel	1,071	1,048	2%	113	103	10%
Bitumen	135	100	35%	21	23	-6%
TOTAL	1,552	1,491	4%	218	209	4%

Volume sold and gross margin by region in Q1 2025

	Volume (in ‘000 m³)			Gross margin (in €m)
	Q1 2025	Q1 2024	Q1 2025 vs Q1 2024	Q1 2025	Q1 2024	Q1 2025 vs Q1 2024
Europe	255	245	4%	65	62	4%
Caribbean	584	573	2%	85	80	7%
Africa	712	674	6%	68	67	1%
TOTAL	1,552	1,491	4%	218	209	4%

LPG volume was slightly up. The main drivers for growth over the quarter were bulk in France, where sales teams were particularly dynamic and won several new contracts. Autogas in France also saw a strong performance, as a result of several contracts won with service stations in 2024. Market share in France continued to increase, benefiting from a high level of customer engagement. These strong dynamics were partially offset by lower volume in Morocco where the market faced a product shortage after difficult weather conditions kept the supply vessels from unloading the product. Gross margin remained stable.

As regards fuel:
- in the retail business (representing 49% of fuel volume and 52% of fuel gross margin in Q1 2025) volume grew by 4% vs Q1 2024. Gross margin increased by 14%, driven by:
  - increasing volume in East Africa, with Zambia, Uganda and Rwanda showing significant growth rates thanks to rebranded service stations,
  - Madagascar also saw significant volume and margin growth year over year, thanks to a well-maintained network and improved logistics, enabling the Company to increase its market share,
  - activity continued to be very dynamic in the Caribbean, with Jamaica, Barbados, and Guyana still performing well. The situation in Haiti remains unchanged with half of the service stations closed at the end of March 2025;
- the Commercial and Industrial business (C&I, representing 28% of fuel volume and 24% of fuel gross margin in Q1 2025) increased by 2% in volume and decreased by 1% in gross margin over the period, led by Kenya, Zambia, Guyana, Suriname and Barbados;
- the aviation segment (representing 20% of fuel volume and 19% of fuel gross margin in Q1 2025) saw increased margins in Q1 2025 at +6% despite a slight volume decline of 2%. This performance was mainly driven by the Eastern Caribbean region, where some airlines decreased their frequencies, and the pricing environment was favourable.
Bitumen volume was up 35% yoy, mainly driven by Nigeria where Rubis’ supply situation was particularly strong. Togo and South Africa also saw strong volume increase, with improving margins. Gross margin showed a 6% decrease yoy and is the result of a different product mix in Nigeria.

2. ENERGY DISTRIBUTION – SUPPORT & SERVICES

The Support & Services activity recorded €266m of revenue (+2% yoy) in Q1 2025.

Volume excluding crude deliveries was up 5% and margins were down 4% vs Q1 2024.

In the Caribbean, trading activity was dynamic with +5% in volume.

In Africa, bitumen shipping activity was at a level comparable to that of Q1 2024 (volume +1%) with more numerous but shorter routes.

SARA refinery and logistics operations present specific business models with stable earnings profile.

3. RENEWABLE ELECTRICITY PRODUCTION – PHOTOSOL

Operational data	Q1 2025	Q1 2024	Q1 2025 vs Q1 2024
Assets in operation (MWp)	535	450	+19%
Electricity production (GWh)	102	81	+26%
Sales (in €m)	11	8	+28%

Over Q1 2025, Photosol commissionned 12MWp, leading its assets in operation to grow by 19% yoy at 535 MWp. The secured portfolio increased by 22% to 1.1 GWp with 53 MWp new projects secured over Q1 2025. The pipeline reached 5.7 GWp (+21% yoy). Revenue for Q1 2025 stood at €11m, up 28% vs Q1 2024, benefitting from portfolio expansion and a higher load factor.

In April 2025, Alix Lajoie became President and Thomas Aubagnac became CEO of Photosol, as planned. Both were previously Deputy CEOs since 2023. The two founders, David Guinard and Robin Ucelli, remain shareholders and Board members of Photosol.

OUTLOOK – FY 2025 GUIDANCE REAFFIRMED

The working assumptions used to establish the 2025 guidance remain unchanged.

Group EBITDA is expected at €710m to €760m in 2025 (assuming IAS 29 – hyperinflation impact unchanged versus 2024).

Reminder: Photosol 2027 ambitions:

Secured portfolio⁽¹⁾ above 2.5 GWp
Consolidated EBITDA⁽²⁾: €50-55m, of which c.10% EBITDA contribution from farm-down initiatives
- Power EBITDA⁽³⁾: €80-85m
- Secured EBITDA⁽⁴⁾: €150-200m

NON-FINANCIAL RATING

MSCI: AA (reiterated in Dec-24)
Sustainalytics: 29.2 (from 30.7 previously)
ISS ESG: C (from C- previously)
CDP: B (reiterated in Feb-25)

Webcast for investors and analysts
Date: 5 May 2024, 6:00pm
Link to register: https://channel.royalcast.com/rubisen/#!/rubisen/20250505_1
Participants from Rubis:

Marc Jacquot, CFO
Clémence Mignot-Dupeyrot, Head of IR

Upcoming events
Shareholders’ Meeting: 12 June 2025
Q2 & H1 2025 results: 9 September 2025
Q3 & 9M 2025 trading update: 4 November 2025
Q4 & FY 2025 results: 12 March 2026

(1) Includes ready-to-build, under construction and in operation capacities.
(2) EBITDA reported in Rubis Group consolidated financial statements.
(3) Aggregated EBITDA from operating PV through electricity sales.
(4) Illustrative EBITDA coming from secured portfolio.

Press Contact

Analyst Contact

RUBIS – Communication department

RUBIS – Clémence Mignot-Dupeyrot, Head of IR

Tel: +33 (0)1 44 17 95 95

presse@rubis.fr

Tel: +33 (0)1 45 01 87 44

investors@rubis.fr

Attachment

RUBIS: Q1 2025 trading update – Continued strong operating performance of Rubis’ diversified business model

The MIL Network –

May 6, 2025

MIL-OSI: Best Crypto Casinos 2025: JACKBIT Crowned as the Top Bitcoin Casino with Fast Payout & No KYC Policy
Source: GlobeNewswire (MIL-OSI)

MIAMI, May 05, 2025 (GLOBE NEWSWIRE) — We tried several crypto casinos, but many of them didn’t meet expectations. The bonuses were small, the game selection was limited, and the experience wasn’t very enjoyable. Then we came across JACKBIT, which was recommended by local casino players, and it made a real difference. Signing up was simple, the welcome bonus was generous, and crypto payouts were processed quickly. The platform offers a wide variety of games, and everything runs smoothly. JACKBIT truly stands out as one of the best options available.

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- Specialty Games: For casual play, JACKBIT provides bingo (Shamrock Bingo), scratch cards, and mini-games like Aviator and Plinko, known for their simplicity and high RTPs.
- Virtual Sports: Simulated events like virtual football, horse racing, and greyhound racing offer 24/7 betting with realistic graphics and quick results.
This extensive library ensures JACKBIT ranks among the best crypto casinos for variety and quality, catering to all gaming preferences. The platform’s partnerships with top providers guarantee a premium experience, with regular updates introducing new titles to keep the catalog fresh. For instance, seasonal slots or themed live dealer tables often align with major events, adding a dynamic element to the gaming experience.

What Defines the Best Crypto Casinos?

To rank among the best crypto casinos, a platform must excel in several critical areas that ensure a safe, enjoyable, and rewarding experience for players:
- Game Variety and Quality: A diverse library with slots, table games, live dealer options, and sports betting, all powered by top-tier providers, is essential.
- Bonuses and Promotions: Generous welcome offers, free spins, cashback, and loyalty programs add significant value to the gaming experience.
- Payment Flexibility: Support for multiple cryptocurrencies and fiat methods, with fast, secure, and low-fee transactions, is a must.
- Security and Fairness: Robust encryption, provably fair games, and a valid gambling license build trust and transparency.
- User Experience: Intuitive design, mobile compatibility, and responsive customer support enhance accessibility.
- Privacy: No-KYC policies cater to players who prioritize anonymity, making registration quick and discreet.
JACKBIT embodies these qualities, positioning itself as a leader among the best crypto casinos in 2025.

Flexible and Fast Payment Options at JACKBIT Casino

JACKBIT’s payment system is designed for speed and convenience, supporting a wide range of methods:
- Cryptocurrencies: Over 17 digital currencies are accepted, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Solana (SOL), Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE). Crypto transactions are instant, fee-free, and secure, aligning with JACKBIT’s privacy-first approach.
- Fiat Methods: Players can deposit using Visa, MasterCard, Google Pay, Apple Pay, and bank transfers. While deposits are instant, fiat withdrawals may take 1-5 days, with crypto withdrawals being the faster option.
Minimum deposits range from $10-$20 (or crypto equivalent), making JACKBIT accessible to all budgets. High withdrawal limits ($10,000 weekly) cater to high rollers, reinforcing its status as one of the best crypto casinos. The platform’s use of blockchain technology ensures transparency, with transaction records verifiable on public ledgers, adding an extra layer of trust for players.

Bonuses and Promotions

JACKBIT welcomes new players with a 30% Rakeback bonus and 100 free spins on their first deposit, setting the tone for a rewarding experience. Ongoing promotions keep players engaged:
- Weekly Giveaways: $10,000 in cash prizes every week.
- Free Spins: 10,000 spins distributed regularly.
- VIP Program: A tiered loyalty system offering up to 30% Rakeback, personalized bonuses, higher withdrawal limits, and dedicated account managers.
- Social Media Bonuses: Exclusive offers for followers on platforms like Twitter and Telegram.
- Pragmatic Drops & Wins: A €2,000,000 prize pool for Pragmatic Play games.
- Tournaments: Regular slot and table game competitions with cash prizes.
- NBA Playoffs Cashback: Special offers for sports bettors.
- 3+1 FreeBet: A unique sports betting promotion.
These promotions provide exceptional value, making JACKBIT a top contender among the best crypto casinos. The VIP program, in particular, is designed to reward consistent play, with higher tiers unlocking exclusive perks like faster withdrawals and tailored promotions. This focus on player retention ensures that both casual and high-stakes players feel valued.

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Security and Licensing

JACKBIT operates under a Curacao Gaming License, a common choice for crypto casinos due to its global reach and flexibility. While less stringent than Malta or UKGC licenses, it ensures regular audits for fairness. The platform uses SSL encryption to protect player data and blockchain technology for transparent transactions. Responsible gambling tools, including deposit limits, self-exclusion, and reality checks, promote safe play, solidifying JACKBIT’s reputation as a trustworthy choice among the best crypto casinos.

The Curacao license, while reputable, is sometimes viewed as less rigorous, but JACKBIT compensates with robust security measures. Regular third-party audits of its Random Number Generators (RNGs) ensure fair outcomes, and the platform’s provably fair games allow players to verify results independently. This commitment to transparency is a key reason JACKBIT is considered one of the best crypto casinos.

Exceptional User Experience

JACKBIT’s sleek, dark-themed website is intuitive and easy to navigate, with a responsive design that works seamlessly on desktops, tablets, and smartphones. No dedicated app is needed, as the mobile-optimized site supports all features, from slots to live betting. Customer support is available 24/7 via live chat in multiple languages (English, German, French, Spanish), with email support for complex queries. This player-centric approach makes JACKBIT a leader among the best crypto casinos.

The mobile experience is particularly noteworthy, with fast load times and smooth gameplay even on older devices. Players can access their accounts, make deposits, and claim bonuses on the go, ensuring flexibility and convenience. The multilingual support further enhances accessibility, catering to a global audience and reinforcing JACKBIT’s position as a top-tier platform.

Player Testimonials

Feedback from players on platforms like Trustpilot highlights JACKBIT’s strengths:
- “The no-KYC signup was a game-changer. I was playing in minutes!” – Alex, UK
- “The sportsbook is incredible, with so many live events to bet on.” – Maria, Canada
- “I’ve won big on their slots, and the cashback helps when luck isn’t on my side.” – Raj, India
- “Customer support is super responsive, even at 2 AM.” – Liam, Australia
While some players note the Curacao license as a drawback, the overwhelmingly positive feedback underscores JACKBIT’s place among the best crypto casinos. Negative reviews are minimal and often related to individual experiences, with the platform’s support team addressing concerns promptly.

How to Join JACKBIT Crypto Casino
- Starting your journey at JACKBIT is quick and hassle-free:
- Visit JACKBIT and click “Register” in the top-right corner.
- Enter your email, create a password, and choose a currency (no ID required).
- Make your first deposit using crypto or fiat methods.
- Claim the 30% Rakeback and 100 free spins welcome bonus.
- Dive into the 7,000+ games or sportsbook.
The process takes under five minutes, making JACKBIT one of the most accessible platforms among the best crypto casinos. Ensure you meet your jurisdiction’s legal gambling age (typically 18 or 19) before signing up. The no-KYC policy eliminates the need for document uploads, allowing players to focus on gaming rather than bureaucracy.

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Why No-KYC Casinos Like JACKBIT Are Revolutionizing Online Gambling in 2025

No-KYC casinos like JACKBIT offer distinct advantages:
- Anonymity: Play without sharing personal details, protecting your privacy.
- Speed: Instant registration and withdrawals, bypassing lengthy verification.
- Global Access: Available in regions with restrictive gambling laws.
- Ease of Use: Simplified signup for a hassle-free start.
However, players should choose licensed platforms like JACKBIT to ensure safety and fairness, reinforcing its status as one of the best crypto casinos. The no-KYC approach is particularly appealing in an era where data privacy concerns are paramount, allowing players to enjoy gambling without worrying about their personal information being compromised.

The Evolution of Crypto Casinos in 2025

The crypto casino industry is poised for significant growth in 2025, driven by several trends:
- Wider Crypto Adoption: As cryptocurrencies gain mainstream acceptance, more players are using them for gambling due to their speed and security.
- Blockchain Advancements: Decentralized platforms and smart contracts enhance transparency and automate processes like payouts.
- Regulatory Clarity: Evolving regulations are creating clearer frameworks, balancing player protection with innovation.
- Global Expansion: Crypto casinos can serve players in restricted regions, expanding their market reach.
- Technological Innovation: VR, AR, and enhanced mobile experiences are transforming gameplay, offering immersive environments.
JACKBIT is well-positioned to capitalize on these trends, continuously updating its platform to remain a leader among the best crypto casinos. For example, its integration of blockchain for transaction transparency aligns with the industry’s move toward decentralized systems, while its mobile optimization caters to the growing demand for on-the-go gaming.

The Impact of Blockchain on Crypto Casinos

Blockchain technology is a game-changer for the best crypto casinos, offering benefits beyond simple transactions. By recording every bet, win, and payout on a public ledger, blockchain ensures that players can verify the fairness of games independently. JACKBIT leverages this technology to offer provably fair games, where players can check the randomness of outcomes using cryptographic algorithms. This transparency builds trust, especially for skeptical players who may have encountered less reputable platforms in the past.

Additionally, blockchain enables smart contracts, which automate processes like bonus distribution and payouts. For instance, JACKBIT could use smart contracts to instantly credit Rakeback bonuses based on player activity, reducing manual intervention and errors. As blockchain technology evolves, we can expect best crypto casinos like JACKBIT to introduce even more innovative features, such as tokenized rewards or decentralized jackpots.

The Rise of Decentralized Gambling Platforms

Decentralized gambling platforms are an emerging trend in 2025, taking the concept of crypto casinos to the next level. Unlike traditional platforms, decentralized casinos operate on blockchain networks, eliminating the need for a central authority. This ensures greater transparency, as all transactions and game outcomes are recorded on the blockchain. While JACKBIT currently operates as a centralized platform, its use of blockchain for transactions and provably fair games positions it as a forward-thinking player in this space.

Decentralized platforms also offer enhanced privacy, as they often require minimal personal information. JACKBIT’s no-KYC policy aligns with this ethos, making it a natural fit for players interested in decentralized gambling. As the industry evolves, we may see JACKBIT explore fully decentralized models, further cementing its place among the best crypto casinos.

The Role of Cryptocurrencies in Global Accessibility

One of the most significant advantages of crypto casinos is their ability to serve players in regions where traditional online gambling is restricted. Cryptocurrencies bypass traditional banking systems, allowing players from countries with strict regulations to participate. JACKBIT’s support for 17+ cryptocurrencies makes it accessible to a global audience, from North America to Asia and beyond.

This global reach is particularly important in 2025, as more players seek alternatives to fiat-based casinos. By offering instant, fee-free crypto transactions, JACKBIT ensures that players can deposit and withdraw funds without delays or currency conversion fees. This accessibility is a key reason why JACKBIT is considered one of the best crypto casinos for international players.

Additional Features That Set JACKBIT Apart

JACKBIT offers unique features that enhance its appeal:
- Tournaments: Regular slot and table game competitions with cash prizes and free spins add a competitive edge.
- Demo Mode: Players can try games for free, perfect for testing strategies without risk.
- Multi-Language Support: Games and support in English, German, French, Spanish, and more cater to a global audience.
- Progressive Jackpots: Slots like Mega Moolah offer life-changing payouts.
- Community Engagement: Social media bonuses and tournaments foster a vibrant player community.
These features make JACKBIT a dynamic and engaging platform, solidifying its place among the best crypto casinos. The demo mode, in particular, is a boon for new players, allowing them to familiarize themselves with games before wagering real money. Meanwhile, tournaments create a sense of camaraderie, with leaderboards showcasing top performers and encouraging friendly competition.

Community and Social Engagement

JACKBIT’s commitment to community engagement sets it apart from many competitors. Through active social media presence on platforms like Twitter and Telegram, the casino offers exclusive bonuses and keeps players informed about new games and promotions. These social media bonuses, such as free spins or deposit matches, reward players for engaging with the brand, creating a sense of loyalty.

The platform also hosts regular tournaments that bring players together, whether they’re competing for cash prizes in slot races or climbing the leaderboard in live dealer challenges. Player reviews on sites like AskGamblers highlight the excitement of these events, with many praising JACKBIT’s ability to foster a vibrant community. This focus on engagement is a hallmark of the best crypto casinos, as it enhances the overall player experience.

The Importance of Mobile Gaming

In 2025, mobile gaming is a critical component of the online casino experience, with more players accessing platforms via smartphones and tablets. JACKBIT’s mobile-optimized platform is a standout, offering seamless gameplay without the need for a dedicated app. Whether you’re spinning slots on a commute or placing live bets during a match, the mobile site delivers fast load times and intuitive navigation.

The mobile platform supports all features, including deposits, withdrawals, and bonus claims, ensuring that players have full access to JACKBIT’s offerings on the go. This commitment to mobile excellence is a key reason why JACKBIT is ranked among the best crypto casinos, as it caters to the modern player’s need for flexibility and convenience.

Responsible Gambling at JACKBIT

JACKBIT prioritizes player well-being with robust responsible gambling tools:
- Deposit Limits: Set daily, weekly, or monthly caps to control spending.
- Self-Exclusion: Temporarily or permanently suspend your account.
- Reality Checks: Periodic reminders of playtime and spending.
- Support Resources: Links to organizations like GamCare and Gambling Therapy.
These measures ensure JACKBIT remains a safe and enjoyable platform, aligning with the standards of the best crypto casinos. The platform’s proactive approach to responsible gambling reflects its commitment to player welfare, ensuring that gaming remains a fun and controlled activity.

Why JACKBIT Excels in Sports Betting

JACKBIT’s sportsbook is a major draw, offering:
- Extensive Coverage: 140+ sports, including niche options like table tennis and eSports.
- Live Betting: 82,000+ monthly events with real-time odds and streaming for select matches.
- Betting Variety: 4,500+ options, from moneylines to prop bets.
- Competitive Odds: Regularly updated to maximize value.
This comprehensive sportsbook makes JACKBIT a top choice for sports enthusiasts among the best crypto casinos. The live betting feature, in particular, adds excitement, allowing players to place wagers as events unfold. The availability of streaming for select matches enhances the experience, making JACKBIT a one-stop shop for sports betting.

The Growing Popularity of eSports Betting

eSports betting is a rapidly growing segment of the online gambling industry, and JACKBIT is at the forefront of this trend. With betting options for popular titles like Dota 2, Counter-Strike, and League of Legends, the platform caters to a younger demographic of gamers-turned-bettors. The sportsbook’s eSports section includes live events, pre-match betting, and competitive odds, making it a favorite among fans.

The rise of eSports betting reflects the broader shift toward digital entertainment, with millions of viewers tuning into tournaments worldwide. JACKBIT’s inclusion of eSports in its sportsbook demonstrates its adaptability, ensuring it remains a leader among the best crypto casinos in 2025.

The Role of Software Providers

JACKBIT’s partnerships with top providers ensure high-quality gameplay:
- NetEnt: Known for visually stunning slots like Starburst.
- Microgaming: Offers iconic titles like Mega Moolah.
- Evolution Gaming: Powers the live casino with professional dealers.
- Pragmatic Play: Delivers engaging slots and Drops & Wins promotions.
- Betsoft: Provides 3D slots with cinematic appeal.
These collaborations guarantee a premium gaming experience, reinforcing JACKBIT’s status as one of the best crypto casinos. The diversity of providers ensures a wide range of game styles, from high-volatility slots to low-stakes table games, catering to all player preferences.

The Impact of Live Dealer Games

Live dealer games have become a staple of the best crypto casinos, offering an authentic casino experience from the comfort of home. JACKBIT’s live casino, powered by Evolution Gaming and Pragmatic Play, features a variety of tables with different betting limits, ensuring accessibility for both casual players and high rollers. The real-time interaction with dealers and other players adds a social element, making live games a highlight of the platform.

Popular live dealer games at JACKBIT include Immersive Roulette, Lightning Blackjack, and No Commission Baccarat, each offering unique features like multipliers or side bets. The high-definition streaming and professional dealers create an immersive environment, rivaling the experience of a land-based casino. This focus on live gaming is a key reason why JACKBIT is considered one of the best crypto casinos.

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JACKBIT – The Best Crypto Casinos in 2025

JACKBIT is the undisputed leader among the best crypto casinos in 2025, offering an unrivaled combination of privacy, game variety, and rewards. Its no-KYC policy, 7,000+ games, and innovative bonuses make it the ultimate destination for crypto gamblers.

Whether you’re spinning slots, betting on sports, or chasing jackpots, JACKBIT delivers a world-class experience. Join today at JACKBIT and discover why it’s the top choice for online gaming in 2025.

Frequently Asked Questions

1. What makes a crypto casino different from a traditional one?

A: Crypto casinos use digital currencies for transactions, offering faster payouts, lower fees, and greater privacy. JACKBIT, one of the best crypto casinos, exemplifies this with its no-KYC policy and 17+ crypto options.

2. Why is JACKBIT considered the top crypto casino in 2025?

A: It’s a no-KYC approach, 7,000+ games, 30% Rakeback, and an extensive sportsbook make JACKBIT a standout among the best crypto casinos.

3. How does JACKBIT ensure player privacy?

A: By skipping KYC requirements, JACKBIT allows anonymous play while using SSL encryption and blockchain for security.

4. Can beginners easily navigate JACKBIT?

A: Yes, its intuitive interface and demo mode make it beginner-friendly, earning it a spot among the best crypto casinos.

5. How does JACKBIT promote fair play?

A: Provably fair algorithms and a Curacao Gaming License ensure unbiased outcomes.

6. What support options are available at JACKBIT?

A: 24/7 live chat in multiple languages and email support ensure quick resolutions.

7. How does JACKBIT’s VIP program work?

A: Players earn points through wagers, unlocking up to 30% Rakeback, exclusive bonuses, and priority support.

EMAIL: support@JACKBIT.com

Disclaimers

General Disclaimer: This article is for informational and entertainment purposes only, not legal or financial advice. Content is based on research and user reviews. Verify information before acting.

Casino and Gambling Disclaimer: Online gambling carries risks and isn’t suitable for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your own risk. JACKBIT is a third-party platform, and we’re not liable for losses or disputes.

Affiliate Disclosure: This article may include affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content. Our reviews are unbiased, and we recommend only valuable products. Conduct your own research before signing up.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1b781cf-797f-41a8-b047-adf4bc057049

The MIL Network –
May 6, 2025
MIL-OSI Canada: Don’t get measles. Get immunized.
[. Alberta’s government is taking the current measles outbreaks seriously and is actively working to improve vaccination access and share information Albertans need to protect themselves.

As cases increase, additional immunization appointments are being added daily to improve access to vaccines with an expansion of immunization clinic access across the central and south zones starting May 5. Clinics in the central zone will now have walk-in availability, including some with evening measles-specific clinics and additional Saturday availability. In the south zone, both evening and weekend appointments are being added.

Alberta Health Services (AHS) has planned for and is ready to ramp up additional measles clinics across the province including extending hours at existing measles-specific clinics and opening additional clinic space, based on demand.

Alberta’s government and AHS have also introduced a new early dose of measles-containing vaccines, now available for infants six to 11 months of age in the north, central, and south zones of the province. This is on top of the routine immunization schedule, which is two doses of measles-containing vaccine at 12 and 18 months of age.

“Getting immunized against measles is the single most important thing you can do to protect yourself, your loved ones and your community. By expanding access to vaccines and reaching more Albertans with this advertising campaign, we hope more Albertans will protect themselves.”

Adriana LaGrange, Minister of Health

Public health officials are collaborating with AHS to manage the outbreak response. They are also working with local leadership in areas with the highest case numbers to support affected communities and increase vaccination efforts. Most cases remain traceable, and officials continue to monitor the situation closely.

“We are looking at one of the largest outbreaks in nearly 40 years. When fewer people are protected, measles spreads—and the risks go up. Immunization is the best way to protect yourself and loved ones from measles. Get immunized against measles now and help prevent the spread. Help protect your communities.”

Dr. Sunil Sookram, interim Chief Medical Officer of Health

Starting Monday, May 5, HealthLink 811 is introducing a dedicated measles hotline. Albertans seeking information about measles can fast track their call through HealthLink by calling 1-844-944-3434. The measles hotline will speed up access to a professional who will:
- Assist with accessing your immunization records or general information
- Provide advice for those experiencing measles symptoms and are feeling unwell.
- Assist with booking measles immunization appointments or locating a public health clinic offering immunization in your area.
“Primary Care Alberta encourages all Albertans to check their vaccination records, and those of their children, to ensure that they are protected from the highly contagious measles virus. Our dedicated team is ready to help you confirm your vaccination status, or to assist you and your family if you suspect that you’ve been exposed to measles.”

Kim Simmonds, CEO, Primary Care Alberta

Alberta’s government is committed to providing the information needed to protect Albertans, with a dedicated measles webpage on alberta.ca. Albertans can visit the page, updated every weekday, for information related to the disease, including local exposure notifications issued by AHS to warn people of known exposure locations.

Expanded advertising campaign launching next week

Since late March, Alberta’s government has been running a social media campaign encouraging Albertans to check their immunization records to ensure they are protected against measles.

To further raise awareness, an expanded provincewide Don’t get measles. Get Immunized awareness campaign is launching in mid-May across radio, print, digital, and social media. A toolkit is also being developed to share with daycare providers to further ensure parents have the information they need to protect their children.

This campaign will also be translated into over 14 languages to help reach Albertans whose first language is not English. The additional languages in online ads will be French, Chinese, Punjabi, Spanish, Ukrainian, Urdu, and Tagalog. The additional languages in radio will be Arabic, French, Hindi, Korean, Farsi, Chinese (traditional and simplified), Somali, Spanish, Tagalog, Ukrainian, Urdu, and Vietnamese.

Quick facts
- Currently, appointments in the central zone are available within one day, while in the south zone appointments are available usually within one to two days.
- Following increased efforts to educate Albertans on measles and the importance of immunization, there has been a significant rise in immunizations across the province. Since March 16, there has been a 67% increase in comparison to last year.
- Data on measles, including total confirmed cases, is updated Monday to Friday on the government website.
- Weekly updates on immunization rates are done every Thursday.
- Albertans uncertain of their immunization history, or their child’s immunization history, can text “vaccine record” to 88111, call Health Link at 811 or their local public health office.
- Albertans can also text “measles” to 88111 to get measles health information texted to their mobile device.
- Symptoms of measles include:
  - fever of 38.3° C or higher
  - cough, runny nose and/or red eyes
  - a red, blotchy rash appears three to seven days after fever starts. It typically beginning behind the ears and on the face and spreads down the body and to the arms and legs
Related information
- MyHealth Alberta
- Measles – Alberta.ca
- Measles Exposures in Alberta – AHS
Related news
- Update on measles situations in Alberta (April 11, 2025)
- Stay informed about measles in Alberta (March 14, 2025)
Multimedia
- Watch the news conference
MIL OSI Canada News –
May 6, 2025
MIL-OSI Global: How industrial diversity affects local employment growth in France

Source: The Conversation – France – By Nadine Levratto, Directrice de Recherche au CNRS, Université Paris Nanterre – Université Paris Lumières

In an interconnected global economy, regions face recurring economic shocks and intense competition. For policymakers and researchers, understanding the drivers of local employment growth has become critical. Recent theoretical advances highlight the importance of different relational proximities that influence the benefits of the geographic clustering of economic activities.

Our research focusing on France’s labour market areas – “geographical areas within which most of the labour force lives and works” – from 2004 to 2015 offers new insights into how industrial diversity affects local employment. The study finds that having a variety of industries – especially those related to one another – can be a significant driver of employment growth. This finding has crucial implications for regional development strategies.

A weekly e-mail in English featuring expertise from scholars and researchers. It provides an introduction to the diversity of research coming out of the continent and considers some of the key issues facing European countries. Get the newsletter!

Related vs. unrelated diversity

Economic geography literature distinguishes between two types of diversity: related variety and unrelated variety. Here, variety refers to industrial diversity or, more precisely, the different kinds of industrial sectors or technologies. The prevailing argument is that knowledge spillovers within a region, which are known to boost employment, occur primarily among related industries and to a limited extent between unrelated industries.

Related variety describes a situation in which industries share common elements, as do pharmaceuticals and biotechnology. Such elements allow for synergies, collaboration and innovation by the leveraging of similarities in knowledge bases, technologies and skills. By contrast, unrelated variety describes a situation in which industries have little in common, as do agriculture and software development. Unrelated industries operate in entirely different domains, leading to weaker direct synergies, but potentially fostering innovation through difference.

Impacts on employment

While unrelated variety offers protection against industry-specific downturns, it does not have the same direct impact on employment growth as related variety. Our research approach distinguishes between these two varieties at the local level (i.e. within a labour market area) and at the neighbourhood one (i.e. between adjacent labour market areas).

Our analysis finds that regions with industries with high related variety experienced higher employment growth from 2004 to 2015, especially during periods of economic expansion. This effect was particularly pronounced in sectors like machinery, chemicals and IT, which demonstrated strong positive impacts on local employment. We found that when industries share similarities in knowledge bases, technologies or supply chains, they create conditions for interactive learning and innovation. This process fosters intersectoral knowledge flows, enhancing regions’ capacity to adapt and grow. It can help provide balance between regional specialization, which risks stagnation due to industries’ excessive cognitive proximity – a condition economists call “lock-in” – and regional diversity, which may face challenges from too much cognitive distance.

Unrelated variety showed a more complex relationship with employment. While local unrelated variety cushioned regions from economic shocks (since sectors are less vulnerable to industry-specific downturns), it did not directly drive employment growth as related variety did. We also found that unrelated variety in neighbouring regions exerted a negative influence on local employment dynamics.

Employment and the 2008 financial crisis

During the 2008 global financial crisis, knowledge spillovers from neighbouring regions helped mitigate the impact of the economic shock. The neighbourhood effects of related industries acted as a buffer, stabilizing local employment and protecting regions from greater losses.

Drivers of local employment growth in France from 2004 to 2015

Source: INSEE, CLAP 2004-2015. Authors’ calculation. NS: not significant.
Fourni par l’auteur

Urban-rural dynamics

The difference between rural and urban areas is another important dimension. Our research found that related variety of diversity had a more pronounced positive effect in urban areas, where high concentrations of industries enable faster innovation and employment growth. Rural areas benefitted less from these knowledge spillovers, likely due to a less dense industrial ecosystem. This urban-rural divide highlights the need for tailored economic policies to support diverse regional needs.

Policy implications

For policymakers, fostering sectoral diversity, particularly the related variety, should be a priority. They could encourage collaboration between related sectors within regions to enhance resilience and growth. This would consist of supporting the development of innovation clusters where businesses in related sectors are geographically concentrated, or platforms for cross-sector collaboration where businesses, universities, research institutions and government agencies can share knowledge and explore partnerships. Promoting interregional cooperation could also help spread the benefits of related variety across neighbouring regions, especially during periods of economic crisis.

Policymakers should also consider the role of the unrelated variety of diversity. While unrelated sectors may not directly contribute to employment growth, they provide stability when economic uncertainty dominates by diversifying the regional economy. Encouraging a balance between related and unrelated sectors could offer the best of both worlds – innovation-driven growth and economic resilience.

Sectoral diversity – especially when it comes to related industries – is a key driver of local employment growth in France. However, for regions to thrive, policymakers must not only support the growth of local industries but also foster cross-regional cooperation. The lessons from France’s labour market areas provide insights for regions worldwide seeking to navigate the complexities of economic development.

Les auteurs ne travaillent pas, ne conseillent pas, ne possèdent pas de parts, ne reçoivent pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’ont déclaré aucune autre affiliation que leur organisme de recherche.

– ref. How industrial diversity affects local employment growth in France – https://theconversation.com/how-industrial-diversity-affects-local-employment-growth-in-france-251729

MIL OSI – Global Reports –

May 6, 2025
MIL-OSI Canada: Canadian delegation travelling to Toronto to commemorate the 80th anniversary of the Liberation of the Netherlands and Victory in Europe Day

Source: Government of Canada News

Remembering those who fought for peace and freedom.

5 May 2025 – Toronto, ON – Veterans Affairs Canada

All Canadians share a responsibility to keep Veterans’ stories alive, recognize the cost of war and honour their sacrifices that led to the privileges and peace we know today.

From the fall of 1944 to the spring of 1945, Canadian soldiers served in Western Europe helping to liberate the Netherlands from German occupiers. Town by town, canal by canal, their perseverance paved the road to liberation and the eventual surrender of the remaining German forces. The friendship between the Netherlands and Canada has been shaped by our shared history and has only grown stronger over the years.

To mark the 80^th anniversary of the Liberation of the Netherlands and Victory in Europe (V-E) Day, an official Government of Canada delegation is travelling to Toronto to participate in a variety of commemorative events and ceremonies.

The delegation includes Veterans—some of whom served in the Second World War—and their families, along with representatives of Veterans’ organizations, and departmental officials. Members of the Canadian Armed Forces will also participate in events and ceremonies in Toronto.

On 6 May 2025, following a wreath-laying ceremony at the Sunnybrook Veterans Centre, the Government of Canada will host a commemorative ceremony at CIBC SQUARE to welcome the Boots of Remembrance. Combat boots symbolize the service and sacrifice of Canadians who left their hometowns, boarded trains, and embarked from Halifax to fight in Europe.

On 8 May 2025, the Department will commemorate Victory in Europe Day with a wreath-laying ceremony at the Victory-Peace Monument in Coronation Park. Later, at sunset, a national commemorative ceremony for the 80^th anniversary of Victory in Europe and the Liberation of the Netherlands will take place in the heart of Toronto, at Canada Lands Square. The commemoration will include the lighting of the CN Tower—along with national landmarks across Canada and in France—as Beacons of Peace, a lantern-lighting ceremony, and a symbolic presentation of the Boots of Remembrance.

Join the conversation on social media by using the hashtags #CanadaRemembers or visit veterans.gc.ca/CanadaRemembers.

MIL OSI Canada News –

May 6, 2025
MIL-OSI Europe: Press release – Press conference: European Parliament reports on Kosovo and on Serbia

Source: European Parliament 3

Standing rapporteur for Kosovo, Riho Terras, and standing rapporteur for Serbia, Tonino Picula, will hold a joint press conference at 15:40 on Wednesday.

MEPs will vote on Parliament’s response to the Commission’s 2023 and 2024 reports on Kosovo and on Serbia on Wednesday. Following the announcement of the results of the vote on Wednesday, Riho Terras (EPP, ET) and Tonino Picula (S&D, HR) will answer questions from journalists during a press conference.

When: 15:40 – 16:10, Wednesday, 7 April, 2025

Where: Strasbourg, Daphne Caruana Galizia press conference room (WEISS N -1/201) and remotely via Interactio

Interpretation will be available in Croatian, English, Estonian, French, German and Italian.

Journalists online wishing to take part and ask questions, please connect via Interactio.

You can also follow the press conference online via webstreaming.

Background

The enlargement reports are the European Parliament’s response to the Commission’s annual reports on the candidate and potential candidate countries in the EU accession process. Resolutions adopted in plenary represent the European Parliament’s official position regarding EU relations with these countries.

Information for the media – Use Interactio to ask questions

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MIL OSI Europe News –

May 6, 2025
MIL-OSI Europe: World Press Freedom Day (3 May 2025)

Source: Republic of France in English
The Republic of France has issued the following statement:

On World Press Freedom Day, France reaffirms its commitment to the freedom to inform and be informed, which is essential to all democratic societies, and condemns the violence committed against journalists and media professionals, information manipulation campaigns, and restrictions on freedom of the press in many countries across the globe.

France reiterates its commitment to freedom of the press and expression and the protection of journalists and media professionals everywhere in the world. It pays tribute to those who are risking their life on a daily basis to convey free, plural and reliable information that is critical to democracy, as well as to those who have lost their lives doing their job. It is with this in mind that the second annual Anna Politkovskaya-Arman Soldin Prize was awarded in November 2024.

This year marked the tenth anniversary of UNSC Resolution 2222 on the protection of journalists in armed conflicts, adopted in May 2015 at the instigation of France and Lithuania. This resolution recalls that journalists must be protected, including in the most dangerous contexts, and attacks on their safety are unacceptable. France condemns the increase in the number of journalists killed or wounded on the job. Journalists are protected by international humanitarian law as are all civilians. France will champion a resolution on the protection of journalists at the Human Rights Council meeting in Geneva from 16 June to 11 July 2025.

France is pursuing its efforts to rally support from the international community for a global space of free, democratic and trustworthy information through the Information and Democracy Partnership, which brings together 55 States. France is contributing to media pluralism and economic sustainability of independent media via Canal France International (CFI) and its contribution to the International Fund for Public Interest Media (IFPIM). France supports the Journalism Trust Initiative, an international norm developed by Reporters Without Borders to promote reliable information sources and journalism that complies with an ethical framework.

At a time when artificial intelligence is upending the media ecosystem, new risks are emerging including uncontrolled automation of information, manipulation of algorithms, amplification of unauthentic content, and large-scale manipulation of information. France is working to build inclusive and lasting international governance of artificial intelligence, having it serve the general interest and uphold human rights. It supported the adoption of the Framework Convention on Artificial Intelligence and Human Rights, Democracy and the Rule of Law in 2024 at the Council of Europe. This is also the reason for the Statement on Inclusive and Sustainable Artificial Intelligence for People and the Planet adopted on 11 February 2025 at the AI Action Summit. Amid the era of artificial intelligence and in light of Resolution 2222, France reaffirms that informing is not a crime, but a common good to be protected.

MIL OSI Europe News –

May 6, 2025
MIL-OSI Video: “Choose Europe for Science” Event at the Sorbonne in Paris

Source: European Commission (video statements)

On Monday, May 5, 2025, President Emmanuel Macron has launched the “Choose Europe for Science” initiative from the amphitheatre of the Sorbonne university. The the aim of the conference is to encourage public and private researchers and entrepreneurs to choose Europe and France as their home.

Commission President von der Leyen is among the high-ranking attendees and will give a speech.

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https://www.youtube.com/watch?v=zimXNLPU0r4

MIL OSI Video –

May 5, 2025
MIL-OSI Europe: Written question – Easter SOS for Greek sheep and goat farming – E-001630/2025
Source: European Parliament
Question for written answer E-001630/2025
to the Commission
Rule 144
Galato Alexandraki (ECR)

Greek sheep and goat farming is facing serious difficulties, especially during the Easter period, as demand reaches 750 000 lambs and kids, while domestic production this year does not extend beyond 450 000. This gap is covered by imports, mainly from EU countries where producer prices are lower (e.g. EUR 4.4/kg in Romania, EUR 8/kg in Greece). With retail prices at EUR 14-16/kg, producers ultimately make a loss instead of a profit. Also, during the same period, increased export activity is observed to countries such as Italy, France and Germany (350 000 in 2024).

At the same time, instances of ‘Greekification’ are being reported, where imported lambs and kids are misleadingly presented as Greek. In addition, cases of peste des petits ruminants have recently re-emerged in Romania and the Commission has decided to ban the movement of sheep and goats from there to other Member States.

In view of the above:

1.What checks are the competent European and national authorities required to carry out to ensure compliance with the legislation on the labelling and traceability of imported lambs and kids, and how does the Commission ensure that these checks are carried out?

2.How does the Commission intend to provide practical support for domestic sheep and goat farming, in order to ensure the viability of producers and Greek market sufficiency?

Submitted: 23.4.2025
Last updated: 5 May 2025
MIL OSI Europe News –
May 5, 2025
MIL-OSI Africa: Congo’s Gas Ambitions to Take Spotlight at Invest in African Energy (IAE) 2025 with High-Level Monetization Panel

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

PARIS, France, May 5, 2025/APO Group/ —

The Republic of Congo and its gas agenda will be at the forefront of the upcoming Invest in African Energy (IAE) 2025 Forum in Paris, which will feature a dedicated session on Monetizing Congo’s Gas Opportunities. The strategic discussion comes as Congo works to scale up gas production, build critical infrastructure and accelerate monetization efforts to meet domestic demand and strengthen its position as a regional energy exporter.

The session will be moderated by Géraud Moussarie, Managing Partner at Sustainable Partnerships, and will bring together leading voices in the sector. Featured panelists include senior representatives from Congo’s national oil company, Société nationale des pétroles du Congo (SNPC); Rus Jiri, Sales and Development Director Africa at Neuman & Esser; and Oumar Semega, CEO of Imperatus Energy.

IAE 2025 (apo-opa.co/43ffoPN) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Congo’s gas sector has made significant strides in recent years, with new frameworks and ambitious infrastructure projects underway. The Congo LNG project, led by Eni, aims to position the Republic of Congo as a key LNG exporter, with a total liquefaction capacity of up to 3 million tons per year through two floating LNG units – the first of which delivered its maiden cargo in February 2024.

Equally critical is the monetization and domestic utilization of refined gas products. The Banga Kayo onshore project, led by Wing Wah, is set to play a central role by transforming previously flared gas into dry gas, LNG, LPG and polypropylene for use in the local market. Meanwhile, a new Gas Code, expected in 2025, along with the recently adopted Gas Master Plan, are laying the groundwork for sustainable sector growth by establishing clear incentives for investors, streamlining regulatory processes and promoting the development of gas infrastructure and local value chains.

Across Africa, monetizing natural gas is increasingly seen as both an economic necessity and a catalyst for development – supporting energy access, powering industrial growth and enabling a shift toward cleaner energy sources. To date, key challenges include limited processing and transport infrastructure, constrained financing and fragmented regional markets, which continue to slow progress. Overcoming these hurdles requires coordinated policies, targeted infrastructure investment and cross-border partnerships. IAE 2025 provides a vital platform for public and private sector leaders to address these issues, promote investment and unlock the full potential of Africa’s gas value chain.

MIL OSI Africa –

May 5, 2025
MIL-OSI Russia: SPbGASU celebrates the 80th anniversary of the Great Victory

Translation. Region: Russian Federal

Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Participants of the memorial event

A memorial event dedicated to the 80th anniversary of the Victory in the Great Patriotic War was held at SPbGASU.

Our university greeted the participants of the celebration with the sounds of wartime music. The veterans shared their memories.

Zoya Ivanovna Kruglova taught French at LISI (SPbGASU) for 41 years and headed the trade union. When the war began, Zoya Ivanovna lived in Vyshny Volochok and went to first grade. “My father was at war, my brother was at war, my sister also volunteered for the front. My mother and I were left alone. As the Germans approached, we had to evacuate – first 20 kilometers to the village of Golovkino, then to another village where my father’s sister lived. There I went to second grade. It was three kilometers to school… Then we returned to Volochok.

I remember Victory Day very well. It was a clear sunny day. I got up, my neighbor was running and saying – the war is over, victory! At school, the teacher told everyone to go to the city center, there would be a celebration there. We were very happy that the war was over. We danced, we danced.”

Alexander Matveevich Maslennikov first entered the walls of our university 75 years ago, in 1950, as a student. He had A’s in all subjects. During his studies, he received only one B, and that was because he was ill. Then – postgraduate studies, defending a candidate’s and doctoral dissertation. Andrei Matveevich was one of the first in our country to introduce the matrix form of calculation of building structures and the finite element method into the educational process, he headed the department of structural mechanics of our university for 25 years, and was vice-rector for science.

At the beginning of the war, Aleksandr Matveyevich was 14 years old. At 15, he went to work and worked on a ship of the Belsk River Shipping Company in Bashkiria throughout the war. Aleksandr Matveyevich jokes that his job title suited his last name very well – he was an oiler in the engine room. Aleksandr Matveyevich celebrated Victory Day in the firebox of a steamboat boiler.

“There were three people on watch in the engine rooms. The mechanic was the main one. I was the oiler. And the third was the stoker. It was dark to go back to the city, we had to spend the night somewhere. It was cold in the steamer itself. We cleared the boiler firebox of ash, threw in rags – one of our materials that we used to clean the mechanisms so that they would work smoothly. And we spent the night right in the firebox. Suddenly the whistle blew. They were shouting – victory, victory! They announced that we had won, the war was over.”

Marina Malyutina’s performance

Marina Malyutina, Vice-Rector for Youth Policy, spoke about our university’s contribution to the Victory. More than 950 students, postgraduates, teachers, employees and graduates of LISI went to the active army, to hospitals, medical battalions, and air defense units. Teachers and professors designed and supervised the construction of pillboxes, bunkers, and other defensive structures outside the city, camouflaged military facilities and architectural monuments. It was largely due to their efforts that not a single monument was destroyed during the 900 days of the siege. From March 1942 to August 1944, the institute’s staff was evacuated, where scientific research continued and the educational process did not stop. In 1945, the Leningrad Civil Engineering Institute was awarded the Order of the Red Banner of Labor. Many teachers, employees and students were awarded medals “For the Defense of Leningrad”.

Marina Viktorovna is sure that the memory of the war is a powerful factor in uniting people and forming national unity. “The exploits of previous generations are a moral guideline that inspires us to new achievements and hard work. We at SPbGASU will continue to preserve and increase the memory of the generation of victors and their legacy, educate highly qualified civil engineers and architects who will strengthen the sovereignty of our country with their work.”

The Chairman of the Regional Public Organization “Association of Veterans of the Special Military Operation “Defenders of the Motherland”” Georgy Zhuravlev spoke to the participants of the memorial event. He spoke about the exploits of his family members during the Great Patriotic War and noted: through the stories of his loved ones, he understood what fascism brings to this world, so he went to the SVO. He took part in military operations near Kharkov, was seriously wounded, and was awarded the Order of Courage. Georgy Zhuravlev emphasized: now, when our country is facing new challenges, we are obliged to win the war against the new Nazism.

The participants of the solemn ceremony observed a minute of silence in memory of the fallen defenders of the Motherland and laid flowers at the memorial plaques on the balustrade of the main building of the university. A concert prepared by the Student Leisure and Creativity Center “Kirpich” took place in the assembly hall.

An exhibition entitled “Faces of Victory” opened on the lower balustrade, dedicated to the teachers, students, and graduates of our university who fought during the Great Patriotic War or worked in the rear, performing the most important tasks for the country.

Aleksandr Vasilyevich Prygunov (1907–1943) – Hero of the Soviet Union, graduate of the Institute of Municipal Construction Engineers (as our university was then called) in 1936. From the end of 1941, he commanded a sapper platoon on the Karelian Front. From May 1943, he took command of a sapper company, which distinguished itself in equipping three bypasses and restoring two bridges across the Lisenok River in the Gaivoronsky District of the Kursk Region, ensuring the timely passage of all divisional cargo.

In the autumn of 1943, the brigade was tasked with forcing the Dnieper with assault troops. On the night of September 27, 1943, the company’s grenadiers ferried the first assault troops across the Dnieper, quickly set up a ferry crossing and began delivering artillery, ammunition and soldiers. The enemy opened fierce artillery and mortar fire on the crossing. Most of the boats were damaged, but Senior Lieutenant Prygunov, organizing repairs to the watercraft, and his soldiers continued to selflessly work on the crossing and the two surviving boats. Fierce fighting continued for two days. Despite the losses suffered and the lack of ferry equipment, Prygunov’s sapper company, under enemy fire, transported 17 artillery pieces, 117 boxes of ammunition, 557 soldiers and officers, as well as a large amount of other military equipment across the Dnieper in two nights. On September 29, 1943, A. V. Prygunov was mortally wounded by a shell fragment in the chest.

For exemplary performance of combat missions, Senior Lieutenant A. V. Prygunov was posthumously awarded the title Hero of the Soviet Union.

Ivan Ivanovich Solomakhin (1908–1989) is a graduate of the Leningrad Institute of Municipal Construction (another name for our university). In early 1943, Solomakhin’s battalion took part in Operation Iskra on the Leningrad and Volkhov Fronts to break through the blockade, and in the summer in the battles for the Sinyavin Heights. During battles with his battalion of sappers, using cold weapons, he was able to capture the “Devil’s Height,” which had been fought for over a year. As a result of the surprise attack, several hundred fascists were killed and 120 were captured. The engineering battalion lost 16 people killed and 26 wounded. He was awarded seven orders and three medals. A passage in the Kirovsky District of St. Petersburg is named after Ivan Solomakhin.

In addition, the exhibition “The University During the War Years”, prepared by the historical and information center of SPbGASU, is open in the university museum (room 213). Anyone can visit it.

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

MIL OSI Russia News –

May 5, 2025

Category: France

PM call with President Macron of France: 5 May 2025

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