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Category: Technology

  • MIL-OSI: Carbon Streaming Announces Corporate Update and Legend Removal Process for All U.S. Investors From the 2021 Financings

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 17, 2025 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today provides a corporate update and announces legend removal process for all U.S. investors from the 2021 Financings (as defined below).

    Highlights:

    • Restrictive Legend Removal: The Company has finalized the process to offer qualifying U.S. investors who participated in the 2021 Financings (as defined below) the opportunity to remove the restrictive legend on share certificates at no cost to the investor. This legend on the share certificates renders the securities “restricted securities” as defined in Rule 144 of the Securities Act of 1933 and restricts these investors from selling stock.
    • Cash Conservation Update: In February 2025, the Company converted US$18.0 million to Canadian dollars at an exchange rate of 1.42. Since then, the US dollar to Canadian dollar exchange rate has decreased to 1.36 as of June 16, 2025, resulting in a foreign exchange gain of approximately US$0.8 million on that portion of the cash. The Company currently holds US$37.0 million (C$50.3 million) in cash, remains debt-free, and has no outstanding legal payables.
    • Credit Portfolio Update: The Company currently holds 532,720 carbon credits from cookstove projects and 18,990 carbon credits from water purification projects under the Community Carbon Stream. A breakdown of credit vintage, project ID and registry information is provided below.
    • Notice of Arbitration: The Company has filed a Notice of Arbitration in Ontario against Will Solutions Inc.
    • AGM Reminder: The Company’s Annual General Meeting (the “AGM”) of holders of common shares of the Company (“Common Shares”) will be held on June 18th, 2025, at 9:30 a.m. (Vancouver time), at the offices of Farris LLP, 25th Floor, 700 W Georgia Street, Vancouver, British Columbia, Canada.

    Restrictive Legend Removal:

    The Company has finalized the process to offer qualifying U.S. investors who participated in the 2021 Financings (defined below) the opportunity to remove the restrictive legend from their share certificates—or from book-entry shares, as applicable—without the need for the shareholder to pay for a legal opinion, regardless of whether a particular shareholder intends to sell or actually sells the shares into the public market. This service is being provided at no cost to all qualifying investors. This legend on the share certificates renders the securities “restricted securities” as defined in Rule 144 of the Securities Act of 1933 and restricts these investors from selling stock.

    The blanket opinion provides that the removal of the restrictive legend is now permissible under Section 4(a)(1) of the Securities Act of 1933.

    While removing the legend is permissible, it is not required. Shareholders are not required to take any action if they prefer to keep the restrictive legend in place.

    Marin Katusa, CEO of the Company, stated “The vast majority of the capital raised for Carbon Streaming came from the financings throughout the 2021 calendar year. Since those financings in 2021, over 700 U.S. residents who invested in those financings have been unable to deposit their shares into a brokerage firm or freely sell those shares because of the restrictive legend that is applied to U.S. investors investing in private placements.

    The typical process to remove a restrictive legend is done on a one-off basis, meaning each U.S resident must complete the removal of the restrictive legend on their own. This is the first time a publicly listed Canadian company, such that we are aware, has offered the removal of the restrictive legend through a digitalized process applicable to a large group of U.S. investors (over 700 shareholders at the same time) to simplify and expediate the process of removing the restrictive U.S. legend.

    We approached DealMaker in early 2025 with the concept to digitalize the legend removal process for the U.S. investors. The Company worked with DealMaker on the 2021 Financings where all subscription forms were digitalized and the funding process was completed.

    I am especially proud of the innovation of this potential solution to U.S. legend removals, as it will ultimately cost less than 5% of the quotes the Company initially received to obtain a global opinion letter for the removal the U.S. restrictive legend through the traditional process. In addition, DealMaker has agreed to not charge for their services.”

    Eligibility for Blanket Removal

    Holders of Common Shares are eligible if they are US residents, non affiliates and acquired the Common Shares pursuant to:

    • that certain private placement of special warrants issued on July 20, 2021,
    • that certain private placement of Common Shares issued on March 11, 2021,
    • that certain private placement of Common Shares issued on May 12, 2021,
    • that certain private placement of Common Share issued on January 27, 2021,
    • that certain private placement of units, with each unit consisting of one Common Share and one share purchase warrant to purchase one Common Share, issued on December 22, 2020, and
    • that certain private placement of units, with each unit consisting of one Common Share and one share purchase warrant to purchase one Common Share, issued on December 16, 2020.

    (collectively, the “2021 Financings”)

    Timing and Process to Participate in Blanket Removal

    Holders who are eligible will receive an email from DealMaker on or about June 23, 2025 with instructions on how to participate.

    If you are a U.S. investor and do not want to register your shares into a brokerage account or sell your shares, then no action is required. This service is being offered by the Company to U.S. investors who acquired their shares in the 2021 Financings, are not affiliates and who have the restrictive legend on their share certificates—or book-entry shares, as applicable and wish to deposit them in a brokerage account or sell their shares in the public market.

    Marin Katusa, CEO, further added: “DealMaker handled the 2021 Financings for the Company which included the digitalizing subscription forms and managing the subscription wires from the investors in a professional, efficient and low-cost manner. We strongly believe that this innovative solution we have created with DealMaker to remove the U.S. restrictive legends will be equally successful. We are grateful for DealMaker’s innovative approach and commitment to excellence, which continues to streamline our investor communications and elevate the overall experience for our shareholders.”

    Cash Conservation

    As of June 16, 2025, the Company has US$37.0 million in cash (C$50.3 million), remains debt-free, and has no outstanding legal payables. With cash generated from the sale of carbon credits held by the Company, interest earned on the Company’s cash balance, and substantial reductions in operating expenses to date, the Company expects a significant improvement in operating cash flow in 2025 when compared to previous years. The Company currently has three full-time employees and a part-time CFO, with a combined annual base compensation of approximately US$0.5 million, while the CEO and Board of Directors are not collecting any salaries, fees, nor equity-based compensation of any kind.

    Carbon credits held by the Company as of June 16, 2025

               
    Project Registry Project ID Vintage Credits available for sale  
    Uganda cookstove project Gold Standard GS12119 2022 53,801  
        GS10967 2023 129,383  
        GS12119 2023 199,340  
        GS12120 2023 41,514  
        GS12120 2024 15,432  
            439,470  
    Uganda household safe water project Gold Standard GS10968 2022 38  
        GS10968 2023 14,373  
            14,411  
    Tanzania cookstove project Verra VCS2676 2022 27,492  
        VCS2676 2023 60,788  
            88,280  
    Mozambique cookstove project Gold Standard GS11211 2022 1,401  
      Gold Standard GS12638 2023 3  
      Gold Standard GS12638 2024 296  
      Gold Standard GS11211 2024 3,270  
            4,970  
    Malawi household safe water project Gold Standard GS11245 2022 988  
      Gold Standard GS11245 2023 3,310  
      Gold Standard GS11245 2024 281  
            4,579  
               

    The Company has been in discussions with several different parties regarding the sale of its existing carbon credits. While current market pricing for cookstoves remains weak, the Company continues to advance its marketing efforts. A new initiative by the Company leverages AI-driven analysis of public disclosures to identify active buyers of environmental attributes. This effort is helping the Company more effectively target potential buyers for its current credit inventory, without incurring additional cost.

    Notice of Arbitration – Will Solutions.

    On June 16, 2025, the Company delivered a written Notice of Arbitration in Ontario to Will Solutions Inc. and the ADR Chambers. As previously disclosed, in the third quarter of 2024, the Company exercised its contractual rights to terminate the purchase sale agreement dated June 20, 2022 with Will Solutions Inc. (the “Sustainable Community Stream”) as a result of, among other things, the failure of Will Solutions Inc. to meet its milestone related to the registration of its Ontario project and its failure to develop and implement the project in accordance with the project plan (including continued delays in project development activities and lower-than-expected project enrollments). The Company has advanced $4.0 million of the upfront deposit to Will Solutions Inc. under the Sustainable Community Stream. The Company will continue to pursue all of its rights and interests.

    2025 Annual General Meeting

    The Company’s AGM will be held on June 18th, 2025, at 9:30 a.m. (Vancouver time), at the offices of Farris LLP, 25th Floor, 700 W Georgia Street, Vancouver, British Columbia, Canada.

    About Carbon Streaming

    Carbon Streaming’s focus is on projects that generate high-quality carbon credits and have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential.

    ON BEHALF OF THE COMPANY:
    Marin Katusa, Chief Executive Officer
    Tel: 365.607.6095
    info@carbonstreaming.com
    www.carbonstreaming.com

    Investor Relations
    investors@carbonstreaming.com

    Media
    media@carbonstreaming.com

    Cautionary Statement Regarding Forward-Looking Information
    This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking information, including, without limitation, the impact of the Company’s restructuring strategies, including evaluation of strategic alternatives; the ability of the Company to execute on expense reductions and savings from operating cost reduction measures; statements with respect to cash conservation; its sales strategy; supporting the Company’s carbon streaming and royalty partners; statements with respect to the eligibility, timing, process and completion of restrictive legend removal; statements with respect to the expected improvement in operating cash flow in 2025 when compared to previous years; statements with respect to the effectiveness and cost of AI-driven analysis of public disclosures to identify active buyers of environmental attributes; statements regarding the Company’s intention to pursue all of its rights and interests under the Sustainable Community Stream; and statements with respect to the timing of the Company’s AGM.

    When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking information. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. They should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, among other things: general economic, market and business conditions and global financial conditions, including fluctuations in interest rates, foreign exchange rates and stock market volatility; volatility in prices of carbon credits and demand for carbon credits; change in social or political views towards climate change, carbon credits and environmental, social and governance initiatives and subsequent changes in corporate or government policies or regulations and associated changes in demand for carbon credits; the Company’s expectations and plans with respect to current litigation, arbitration and regulatory proceedings; limited operating history for the Company’s current strategy; concentration risk; inaccurate estimates of project value, which may impact the ability of the Company to execute on its growth and diversification strategy; dependence upon key management; impact of corporate restructurings; the inability of the Company to optimize cash flows or sufficiently reduce operating expenses; reputational risk; risks arising from competition and future acquisition activities failure or timing delays for projects to be registered, validated and ultimately developed and for emission reductions or removals to be verified and carbon credits issued (and other risks associated with carbon credits standards and registries); foreign operations and political risks including actions by governmental authorities, including changes in or to government regulation, taxation and carbon pricing initiatives; uncertainties and ongoing market developments surrounding the validation and verification requirements of the voluntary and/or compliance markets; due diligence risks, including failure of third parties’ reviews, reports and projections to be accurate; dependence on project partners, operators and owners, including failure by such counterparties to make payments or perform their operational or other obligations to the Company in compliance with the terms of contractual arrangements between the Company and such counterparties; failure of projects to generate carbon credits, or natural disasters such as flood or fire which could have a material adverse effect on the ability of any project to generate carbon credits; volatility in the market price of the Company’s common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company’s common shares or warrants; global health crises, such as pandemics and epidemics; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of March 31, 2025 filed on SEDAR+ at www.sedarplus.ca.

    Any forward-looking information speaks only as of the date of this news release. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.

    The MIL Network –

  • MIL-OSI: Topnotch Crypto Launches Free Cloud Mining App to Simplify Access to Digital Asset Mining

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, June 18, 2025 (GLOBE NEWSWIRE) — Topnotch Crypto, a global player in the cloud mining sector, has officially launched its free cloud mining mobile application. Designed to simplify digital asset mining for everyday users, the new app leverages artificial intelligence and renewable energy to deliver efficient, 24/7 automated mining without the need for hardware or technical expertise.

    The application aims to make digital asset mining more accessible by offering a streamlined, mobile-first experience. Built with a focus on energy efficiency, the app runs on 100% green power sourced from Nordic wind and solar infrastructure. Its AI-based computing system dynamically allocates resources to optimize performance and reduce energy costs.

    “We developed this app to lower the barrier of entry into digital asset mining,” said a spokesperson from Topnotch Crypto. “With just a smartphone, users can now participate in the growing digital economy in a secure and sustainable way.”

    Why do more than 8 million users around the world favor Topnotch Crypto?

    Key Features of the New App:

    • Hardware-Free Mining: No mining rigs required. All operations are cloud-based.
    • Green Energy Integration: Fully powered by renewable sources to reduce carbon footprint.
    • Multi-Currency Support: Enables mining across 12 major cryptocurrencies including BTC, ETH, and FIL.
    • Security-Centric Design: ISO 27001 certified with 98% of user assets stored in cold wallets.
    • AI Optimization: Automated computing resource allocation for greater efficiency and uptime.

    Click to download the free app, both iOS and Android versions are available.

    The app also allows users to monitor mining performance, manage digital assets, and access support directly from their mobile device. It is available on both Android and iOS platforms.

    This launch comes at a time when the global cloud mining industry is projected to grow rapidly. According to Bloomberg New Energy Finance, the market is expected to see a compound annual growth rate of approximately 47% between 2025 and 2028. Solutions that combine cloud infrastructure, AI, and green energy are increasingly seen as foundational to the next era of digital mining.

    About Topnotch Crypto

    Topnotch Crypto was legally established in 2020 under British supervision. With “zero threshold, low risk, and high transparency” as its core advantages, it has built a new channel to crypto assets for global users.

    Visit https://topnotchcrypto.com to register now and share the stable passive income and unlimited growth opportunities under the wave of digital gold with 8 million users around the world!

    Application download: https://topnotchcrypto.com/download/

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of financial loss. You are strongly advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: Purpose Investments Inc. Announces June 2025 Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 17, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of June 2025 for its open-end exchange traded funds and closed-end funds (“the Funds”).                                                        

    The ex-distribution date for all Open-End Funds is June 26, 2025. The ex-distribution date for all closed-end funds is June 30, 2025.

    Open-End Funds Ticker
    Symbol    		 Distribution
    per
    share/unit    		 Record
    Date    		 Payable
    Date    		 Distribution
    Frequency
    Apple (AAPL) Yield Shares Purpose ETF – ETF Units APLY $0.1667 06/26/2025 07/03/2025 Monthly
    Purpose Canadian Financial Income Fund – ETF Series BNC $0.1225¹ 06/26/2025 07/03/2025 Monthly
    Purpose Global Bond Fund – ETF Units BND $0.0866 06/26/2025 07/03/2025 Monthly
    Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units BRKY $0.1000 06/26/2025 07/03/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF Units BTCY $0.0850 06/26/2025 07/03/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged Units BTCY.B $0.0970 06/26/2025 07/03/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF USD Units BTCY.U US $0.0815 06/26/2025 07/03/2025 Monthly
    Purpose Credit Opportunities Fund – ETF Units CROP $0.0875 06/26/2025 07/03/2025 Monthly
    Purpose Credit Opportunities Fund – ETF USD Units CROP.U US $0.0975 06/26/2025 07/03/2025 Monthly
    Purpose Ether Yield – ETF Units ETHY $0.0405 06/26/2025 07/03/2025 Monthly
    Purpose Ether Yield ETF – ETF Non-Currency Hedged Units ETHY.B $0.0500 06/26/2025 07/03/2025 Monthly
    Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U US $0.0395 06/26/2025 07/03/2025 Monthly
    Purpose Global Flexible Credit Fund – ETF Units FLX $0.0461 06/26/2025 07/03/2025 Monthly
    Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units FLX.B $0.0551 06/26/2025 07/03/2025 Monthly
    Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units FLX.U US $0.0385 06/26/2025 07/03/2025 Monthly
    Purpose Global Bond Class – ETF Units IGB $0.0860¹ 06/26/2025 07/03/2025 Monthly
    Microsoft (MSFT) Yield Shares Purpose ETF – ETF units MSFY $0.1300 06/26/2025 07/03/2025 Monthly
    Purpose Active Balanced Fund – ETF Units PABF $0.1650 06/26/2025 07/03/2025 Quarterly
    Purpose Active Conservative Fund – ETF Units PACF $0.1900 06/26/2025 07/03/2025 Quarterly
    Purpose Active Growth Fund – ETF Units PAGF $0.1550 06/26/2025 07/03/2025 Quarterly
    Purpose Enhanced Premium Yield Fund – ETF Series PAYF $0.1375¹ 06/26/2025 07/03/2025 Monthly
    Purpose Total Return Bond Fund – ETF Series PBD $0.0590¹ 06/26/2025 07/03/2025 Monthly
    Purpose Core Dividend Fund – ETF Series PDF $0.1050¹ 06/26/2025 07/03/2025 Monthly
    Purpose Enhanced Dividend Fund – ETF Series PDIV $0.0950¹ 06/26/2025 07/03/2025 Monthly
    Purpose Real Estate Income Fund – ETF Series PHR $0.0720¹ 06/26/2025 07/03/2025 Monthly
    Purpose International Tactical Hedged Equity Fund – ETF Series PHW $0.1500 06/26/2025 07/03/2025 Quarterly
    Purpose International Dividend Fund – ETF Series PID $0.0780 06/26/2025 07/03/2025 Monthly
    Purpose Monthly Income Fund – ETF Series PIN $0.0830¹ 06/26/2025 07/03/2025 Monthly
    Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 06/26/2025 07/03/2025 Monthly
    Purpose Diversified Real Asset Fund – ETF Series PRA $0.2100 06/26/2025 07/03/2025 Quarterly
    Purpose Conservative Income Fund – ETF Series PRP $0.0600¹ 06/26/2025 07/03/2025 Monthly
    Purpose Premium Yield Fund – ETF Series PYF $0.1100¹ 06/26/2025 07/03/2025 Monthly
    Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $0.1230¹ 06/26/2025 07/03/2025 Monthly
    Purpose Premium Yield Fund Non-Currency Hedged – ETF USD Series PYF.U US $0.1200¹ 06/26/2025 07/03/2025 Monthly
    Purpose Core Equity Income Fund – ETF Series RDE $0.0875¹ 06/26/2025 07/03/2025 Monthly
    Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0950 06/26/2025 07/03/2025 Monthly
    Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 06/26/2025 07/03/2025 Monthly
    Purpose US Preferred Share Fund – ETF Series RPU $0.0940 06/26/2025 07/03/2025 Monthly
    Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $0.0940 06/26/2025 07/03/2025 Monthly
    Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 06/26/2025 07/03/2025 Monthly
    AMD (AMD) Yield Shares Purpose ETF – ETF Series YAMD $0.2500 06/26/2025 07/03/2025 Monthly
    Amazon (AMZN) Yield Shares Purpose ETF- ETF Units YAMZ $0.4000 06/26/2025 07/03/2025 Monthly
    Broadcom (AVGO) Yield Shares Purpose ETF – ETF Series YAVG $0.1800 06/26/2025 07/03/2025 Monthly
    Coinbase (COIN) Yield Shares Purpose ETF – ETF Series YCON $0.3000 06/26/2025 07/03/2025 Monthly
    Costco (COST) Yield Shares Purpose ETF – ETF Series YCST $0.1200 06/26/2025 07/03/2025 Monthly
    Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units YGOG $0.2500 06/26/2025 07/03/2025 Monthly
    Tech Innovators Yield Shares Purpose ETF – ETF Series YMAG $0.2000 06/26/2025 07/03/2025 Monthly
    META (META) Yield Shares Purpose ETF – ETF Series YMET $0.2400 06/26/2025 07/03/2025 Monthly
    Netflix (NFLX) Yield Shares Purpose ETF – ETF Series YNET $0.1500 06/26/2025 07/03/2025 Monthly
    NVIDIA (NVDA) Yield Shares Purpose ETF – ETF Units YNVD $0.7500 06/26/2025 07/03/2025 Monthly
    Palantir (PLTR) Yield Shares Purpose ETF – ETF Series YPLT $0.2500 06/26/2025 07/03/2025 Monthly
    Tesla (TSLA) Yield Shares Purpose ETF – ETF Units YTSL $0.5500 06/26/2025 07/03/2025 Monthly
    UnitedHealth Group (UHN) Yield Shares Purpose ETF – ETF Series YUNH $0.1100 06/26/2025 07/03/2025 Monthly
               
    Closed-End Funds Ticker
    Symbol    		 Distribution 
    per
    share/unit    		 Record
    Date    		 Payable
    Date    		 Distribution
    Frequency
    Big Banc Split Corp, Class A BNK $0.1200¹ 06/30/2025 07/14/2025 Monthly
    Big Banc Split Corp – Preferred Shares BNK.PR.A $0.0700¹ 06/30/2025 07/14/2025 Monthly
               

    Estimated June 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund

    The June 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows:

    Fund Name Ticker
    Symbol    		 Estimated
    Distribution
    per unit    		 Record
    Date    		 Payable
    Date    		 Distribution
    Frequency
    Purpose USD Cash Management Fund – ETF Units MNU.U US $0.3405 06/26/2025 07/03/2025 Monthly
    Purpose Cash Management Fund – ETF Units MNY $0.2175 06/26/2025 07/03/2025 Monthly
    Purpose High Interest Savings Fund – ETF Units PSA $0.1030 06/26/2025 07/03/2025 Monthly
    Purpose US Cash Fund – ETF Units PSU.U US $0.3375 06/26/2025 07/03/2025 Monthly
               

    Purpose expects to issue a press release on or about June 25, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be June 26, 2025.

    1. Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
    2. Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

    About Purpose Investments Inc.

    Purpose Investments is an asset management company with more than $21 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Logan Ridge Finance Corporation Announces Adviser Funded Cash Payment to Shareholders in Connection with its Merger with Portman Ridge Finance Corporation

    Source: GlobeNewswire (MIL-OSI)

    The Company’s Investment Adviser Will Finance an Incremental $0.47 Per Share Payment to Logan Ridge Shareholders Immediately Prior to Closing.

    Payment Effectively Results in Logan Ridge Shareholders Receiving 100% of NAV as of March 31, 2025 Adjusted for Estimated Transaction Costs.

    NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — Logan Ridge Finance Corporation (NASDAQ: LRFC) (“Logan Ridge” or “LRFC”), today announced that it has entered into an agreement with Mount Logan Management LLC, LRFC’s investment adviser (“Mount Logan” or “Investment Adviser”), in connection with its previously announced merger with and into Portman Ridge Finance Corporation (NASDAQ: PTMN) (“Portman Ridge” or “PTMN” and the “Merger”).

    Pursuant to the terms of the agreement, and contingent upon the closing of the Merger, LRFC’s Investment Adviser will finance a pre-closing cash payment of $0.47 per share to LRFC shareholders of record as of May 6, 2025. This payment, when combined with the previously announced Tax Distribution of no less than $1,000,000, or $0.38 per share, and the 1.5x PTMN shares received for each LRFC share outstanding, will equal 100% of Logan Ridge’s net asset value (“NAV”), based on both Logan Ridge’s and Portman Ridge’s respective NAVs per share as of March 31, 2025 adjusted for estimated transaction costs.

    All terms and conditions of the Merger remain unchanged and in full effect. The Mount Logan funded payment outlined above represents a commitment by Mount Logan to the combined company and was designed to further align the Merger with shareholder feedback, while maintaining the core strategic and financial rationale for the combination.

    Management Commentary

    Ted Goldthorpe, President and Chief Executive Officer of LRFC and PTMN, and Head of the BC Partners Credit Platform, stated, “We are pleased to announce this agreement, which will provide enhanced value to Logan Ridge shareholders through an additional $0.47 per share payment. We appreciate our shareholders’ support and constructive engagement throughout this process and we look forward to successfully closing the Merger.”

    Special Meeting of Shareholders

    The LRFC special meeting is scheduled for June 20, 2025, at 10:30 am ET. LRFC urges its shareholders to cast their votes by following the instructions outlined in the joint proxy statement. Shareholders of LRFC can also access the virtual meeting and vote by going to the following website: http://www.virtualshareholdermeeting.com/LRFC2025SM, or by calling 1-833-218-3962 and providing the control number which is listed in the proxy card received.

    Shareholders can access the joint proxy statement and prospectus by clicking HERE. Shareholders who have questions about the joint proxy statement or about voting their shares should contact the companies’ proxy solicitor, Broadridge, at 1-833-218-3962.

    About Logan Ridge Finance Corporation

    LRFC is a business development company (a “BDC”) that invests primarily in first lien loans and, to a lesser extent, second lien loans and equity securities issued by lower middle-market companies. LRFC invests in performing, well-established middle-market businesses that operate across a wide range of industries. It employs fundamental credit analysis, targeting investments in businesses with relatively low levels of cyclicality and operating risk. For more information, visit www.loganridgefinance.com.

    About Portman Ridge Finance Corporation

    PTMN is a publicly traded, externally managed investment company that has elected to be regulated as a BDC under the 1940 Act. PTMN’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. PTMN’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC (“Sierra Crest”). PTMN’s filings with the Securities and Exchange Commission (the “SEC”), earnings releases, press releases and other financial, operational and governance information are available on Portman Ridge’s website at www.portmanridge.com.

    About BC Partners Advisors L.P. and BC Partners Credit
    BC Partners Advisors L.P. (“BC Partners”) is a leading international investment firm in private equity, private credit and real estate strategies. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades.

    Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in North America and Europe. For more information, please visit https://www.bcpartners.com/.

    BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners.

    Cautionary Statement Regarding Forward-Looking Statements

    Some of the statements in this communication constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to future operating results of PTMN and LRFC, and distribution projections; business prospects of PTMN and LRFC, and the prospects of their portfolio companies; and the impact of the investments that PTMN and LRFC expect to make. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this communication involve risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with (i) the ability of the parties to consummate the merger on the expected timeline, or at all; (ii) the expected synergies and savings associated with the merger; (iii) the ability to realize the anticipated benefits of the merger, including the expected elimination of certain expenses and costs due to the merger; (iv) the percentage of PTMN shareholders and LRFC shareholders voting in favor of the applicable Proposal (as defined below) submitted for their approval; (v) the possibility that competing offers or acquisition proposals will be made; (vi) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived; (vii) risks related to diverting management’s attention from ongoing business operations; (viii) the combined company’s plans, expectations, objectives and intentions, as a result of the merger; (ix) any potential termination of the merger agreement; (x) the future operating results and net investment income projections of PTMN, LRFC or, following the closing of the merger, the combined company; (xi) the ability of Sierra Crest to implement its future plans with respect to the combined company; (xii) the ability of Sierra Crest and its affiliates to attract and retain highly talented professionals; (xiii) the business prospects of PTMN, LRFC or, following the closing of the merger, the combined company, and the prospects of their portfolio companies; (xiv) the impact of the investments that PTMN, LRFC or, following the closing of the merger, the combined company expect to make; (xv) the ability of the portfolio companies of PTMN, LRFC or, following the closing of the merger, the combined company to achieve their objectives; (xvi) the expected financings and investments and additional leverage that PTMN, LRFC or, following the closing of the merger, the combined company may seek to incur in the future; (xvii) the adequacy of the cash resources and working capital of PTMN, LRFC or, following the closing of the merger, the combined company; (xviii) the timing of cash flows, if any, from the operations of the portfolio companies of PTMN, LRFC or, following the closing of the merger, the combined company; (xix) the risk that stockholder litigation in connection with the merger may result in significant costs of defense and liability; and (xx) future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities). PTMN and LRFC have based the forward-looking statements included in this document on information available to them on the date hereof, and they assume no obligation to update any such forward-looking statements. Although PTMN and LRFC undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that PTMN and LRFC in the future may file with the SEC, including the Registration Statement and Joint Proxy Statement (in each case, as defined below), annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

    No Offer or Solicitation

    This communication is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in PTMN, LRFC or in any fund or other investment vehicle managed by BC Partners or any of its affiliates.

    Additional Information and Where to Find It

    This communication relates to the proposed merger of PTMN and LRFC and certain related matters (the “Proposals”). In connection with the Proposals, PTMN has filed a registration statement (Registration No. 333-285230) with the SEC (the “Registration Statement”) that contains a combined joint proxy statement for PTMN and LRFC and a prospectus of PTMN (the “Joint Proxy Statement”) and has mailed the Joint Proxy Statement to its and LRFC’s respective shareholders. The Registration Statement and Joint Proxy Statement will contain important information about PTMN, LRFC and the Proposals. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. SHAREHOLDERS OF PTMN AND LRFC ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PTMN, LRFC AND THE PROPOSALS. Investors and security holders will be able to obtain the documents filed with the SEC free of charge at the SEC’s website, http://www.sec.gov or, for documents filed by PTMN, from PTMN’s website at https://www.portmanridge.com, and, for documents filed by LRFC, from LRFC’s website at https://www.loganridgefinance.com.

    Participants in the Solicitation

    LRFC, its directors, certain of its executive officers and certain employees and officers of Mount Logan and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of LRFC is set forth in the Annual Report on Form 10-K/A, which was filed with the SEC on April 29, 2025. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the LRFC shareholders in connection with the Proposal will be contained in the Registration Statement, including the Joint Proxy Statement included therein, and other relevant materials when such documents become available. These documents may be obtained free of charge from the sources indicated above.

    Contacts:
    Logan Ridge Finance Corporation
    650 Madison Avenue, 3rd floor
    New York, NY 10022

    Brandon Satoren
    Chief Financial Officer (PTMN and LRFC)
    Brandon.Satoren@bcpartners.com
    (212) 891-2880

    The Equity Group Inc.
    Lena Cati
    lcati@equityny.com
    (212) 836-9611

    Val Ferraro
    vferraro@equityny.com
    (212) 836-9633

    The MIL Network –

  • MIL-OSI: Portman Ridge Finance Corporation Announces Corporate Rebranding, New Monthly Base Distribution, and Value Creation Initiatives

    Source: GlobeNewswire (MIL-OSI)

    Company to be Renamed “BCP Investment Corporation” and Trade Under New Ticker “BCIC”

    Transition to Paying the Quarterly Base Distribution Monthly in 2026

    Company, Management, Adviser and Other Affiliates Intend to Acquire up to 20% of Common Shares Over Next 24 Months to the Extent the Stock Trades Below 80% of NAV

    NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (NASDAQ: PTMN) (“Portman Ridge” or “PTMN”), today announced several updates and initiatives, aimed at enhancing shareholder value. These initiatives include a corporate name change, the transition to paying a monthly distribution, and an enhanced stock purchase program. These changes will go into effect following the successful closing of the merger with Logan Ridge Finance Corporation (“LRFC”).

    Upon closing, Portman Ridge will rebrand and begin operating under the name BCP Investment Corporation (the “Company” or “BCIC”). In connection with the rebranding, the Company will continue to trade on the Nasdaq under the new ticker symbol “BCIC”. This change better reflects the fact that the Company is fully integrated into the broader BC Partners Credit Platform and the credit platform’s commitment to the Company, which is a leading global alternative asset manager with almost $9.0 billion in assets under management across its credit platforms.

    Additionally, beginning in 2026, the Company will transition to paying its currently quarterly base distribution on a monthly basis, while retaining the potential for quarterly supplemental distributions. The quarterly supplemental distributions will continue to approximate 50% of the incremental net investment income earned in excess of the base monthly distributions. We believe that the transition to a monthly base distribution will be valued by investors and has the potential to increase liquidity in the Company’s stock.

    To further align our interests with shareholders and drive additional value creation, the Company, along with its management, its adviser and their affiliates intend to acquire up to 20% of the Company’s outstanding common stock over the next 24 months to the extent the Company’s shares continue to trade below 80% of net asset value (“NAV”), which implies a share price of $15.08 based Portman Ridge’s March 31, 2025 NAV per share, or a 31% premium to PTMN’s June 16, 2025 closing market price. These purchases will begin no earlier than 60 calendar days following the date of the closing of the LRFC merger and may occur through various methods, including open market purchases and privately negotiated transactions, and may be conducted pursuant to Rule 10b5-1 and Rule 10b-18 trading plans. In this regard and as previously announced, PTMN’s Board of Directors has authorized an open market stock repurchase program of up to $10 million for the period from March 12, 2025 to March 31, 2026. The Company, its management and its adviser also reserve the right to conduct tender offers as part of the Company’s broader value creation initiatives.

    Management Commentary

    Ted Goldthorpe, President and Chief Executive Officer of PTMN and Head of the BC Partners Credit Platform, stated, “The corporate rebranding of Portman Ridge to BCP Investment Corporation reflects the Company’s affiliation with the broader BC Partners Credit Platform and underscores the significance of the Company to the platform as well as the credit platform’s commitment to its success.

    Finally, we remain committed to addressing the discount to NAV at which our shares currently trade as well as increasing our ownership in the Company for better alignment with shareholders. We believe these value creation initiatives represent a thoughtful and constructive framework that supports long-term value creation for our shareholders.”

    Special Meeting of Shareholders

    The PTMN special meeting is scheduled for June 20, 2025, at 10:00 am ET. PTMN urges its shareholders to cast their votes by following the instructions outlined in the joint proxy statement. Shareholders of PTMN can also access the virtual meeting and vote by going to the following website: http://www.virtualshareholdermeeting.com/PTMN2025SM, or by calling 1-833-218-3911 and providing the control number which is listed in the proxy card received.

    Shareholders can access the joint proxy statement and prospectus by clicking HERE. Shareholders who have questions about the joint proxy statement or about voting their shares should contact the companies’ proxy solicitor, Broadridge, at 1-833-218-3911.

    About Portman Ridge Finance Corporation

    PTMN is a publicly traded, externally managed closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. PTMN’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. PTMN’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors L.P. PTMN’s filings with the Securities and Exchange Commission (“SEC”), earnings releases, press releases and other financial, operational and governance information are available on Portman Ridge’s website at www.portmanridge.com.

    About BC Partners Advisors L.P. and BC Partners Credit
    BC Partners is a leading international investment firm in private equity, private credit and real estate strategies. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades.

    Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in North America and Europe. For more information, please visit https://www.bcpartners.com/.

    BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners.

    Cautionary Statement Regarding Forward-Looking Statements

    Some of the statements in this communication constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to future operating results and distribution projections of the Company; business prospects of the Company, and future share repurchase/purchase activity. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this communication involve risks and uncertainties. More information on the risks and other potential factors that could affect these forward-looking statements is included in Registration Statement and Joint Proxy Statement (in each case, as defined below). Although PTMN and LRFC undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that PTMN and LRFC in the future may file with the SEC, including the Registration Statement and Joint Proxy Statement, annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

    No Offer or Solicitation

    This document is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this document is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in PTMN, LRFC or in any fund or other investment vehicle managed by BC Partners or any of its affiliates.

    Additional Information and Where to Find It

    This document relates to the proposed merger of PTMN and LRFC and certain related matters (the “Proposals”). In connection with the Proposals, PTMN has filed a registration statement (Registration No. 333-285230) with the SEC (the “Registration Statement”) that contains a combined joint proxy statement for PTMN and LRFC and a prospectus of PTMN (the “Joint Proxy Statement”) and has mailed the Joint Proxy Statement to its and LRFC’s respective shareholders. The Registration Statement and Joint Proxy Statement will contain important information about PTMN, LRFC and the Proposals. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. SHAREHOLDERS OF PTMN AND LRFC ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PTMN, LRFC AND THE PROPOSALS. Investors and security holders will be able to obtain the documents filed with the SEC free of charge at the SEC’s website, http://www.sec.gov or, for documents filed by PTMN, from PTMN’s website at https://www.portmanridge.com, and, for documents filed by LRFC, from LRFC’s website at https://www.loganridgefinance.com.

    Participants in the Solicitation

    PTMN, its directors, certain of its executive officers and certain employees and officers of PTMN’s investment adviser and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of PTMN is set forth in its proxy statement for its 2025 Annual Meeting of Stockholders, which was filed with the SEC on April 29, 2025. LRFC, its directors, certain of its executive officers and certain employees and officers of LRFC’s investment adviser, and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of LRFC is set forth in the Annual Report on Form 10-K/A, which was filed with the SEC on April 29, 2025. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the PTMN and LRFC shareholders in connection with the Proposals will be contained in the Registration Statement, including the Joint Proxy Statement included therein, and other relevant materials when such documents become available. These documents may be obtained free of charge from the sources indicated above.

    Contacts:
    Portman Ridge Finance Corporation
    650 Madison Avenue, 3rd floor
    New York, NY 10022

    Brandon Satoren
    Chief Financial Officer
    Brandon.Satoren@bcpartners.com
    (212) 891-2880

    The Equity Group Inc.
    Lena Cati
    lcati@equityny.com
    (212) 836-9611

    Val Ferraro
    vferraro@equityny.com
    (212) 836-9633

    The MIL Network –

  • MIL-OSI: Silvaco to Host a Tech Talk on the Diffusion of Innovation

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., June 17, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO, “Silvaco”), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software, today announced it will host a tech talk exploring “The Diffusion of Innovation: Investing in the Ecosystem Expansion”.

    This session is intended to provide investors and analysts with an in-depth understanding of how Silvaco is expanding the ecosystem for its innovative products, including the Fab Technology Co-Optimization™ (FTCO) solution. There will also be an opportunity for Q&A with management.

    Event Details:

    • Event Title: “The Diffusion of Innovation: Investing in the Ecosystem Expansion”
    • Date/Time: Wednesday, June 25, 2025 at 10:00 AM Eastern Time
    • Presenter: Ian Chan, Chief Revenue Officer

    A live webcast, as well as a replay, of the event will be available on the company’s investor relations website at https://investors.silvaco.com/.

    About Silvaco Group, Inc.
    Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

    Contacts
    Media Relations:
    Tiffany Behany, press@silvaco.com

    Investor Relations:
    Greg McNiff, investors@silvaco.com

    The MIL Network –

  • MIL-OSI: ServisFirst Bancshares, Inc. Declares Second Quarter Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, Ala., June 17, 2025 (GLOBE NEWSWIRE) — ServisFirst Bancshares, Inc., (NYSE: SFBS) (“ServisFirst”), the holding company for ServisFirst Bank, today announces: At a meeting held on June 16, 2025, its Board of Directors declared a quarterly cash dividend of $0.335 per share, payable on July 9, 2025, to stockholders of record as of July 1, 2025.  

    About ServisFirst Bancshares, Inc.

    ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary ServisFirst Bank, ServisFirst Bancshares, Inc. provides business and personal financial services from locations in Atlanta, Birmingham, Charleston, Dothan, Huntsville, Mobile, Montgomery, North Carolina, Northwest Florida, Tennessee, Virgina Beach, and West Central Florida. ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (SEC). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.servisfirstbank.com.

    More information about ServisFirst Bancshares, Inc. may be obtained over the Internet at www.servisfirstbank.com or by calling (205) 949-0302.

    Contact: ServisFirst Bank
    Davis Mange (205) 949-3420
    DMange@servisfirstbank.com

    The MIL Network –

  • MIL-OSI Canada: Chair’s Summary

    Source: Government of Canada – Prime Minister

    The Leaders of the Group of Seven (G7) gathered in Kananaskis, Alberta, from June 15-17, 2025, with the objective of building stronger economies by making communities safer and the world more secure, promoting energy security and accelerating the digital transition, as well as fostering partnerships of the future.  

    Five decades after its founding in 1975, the G7 continues to demonstrate its value as a platform for advanced economies to coordinate financial and economic policy, address issues of peace and security, and cooperate with international partners in response to global challenges.  

    G7 Leaders focused on economic developments. In a context of rising market volatility and shocks to international trade, as well as longer-term trends toward fragmentation and global imbalances, they discussed the need for greater economic and financial stability, technological innovation, and an open and predictable trading regime to drive investment and growth. They considered ways to collaborate on global trade to boost productivity and grow their economies, emphasizing energy security and the digital transition. They acknowledged that both are underpinned by secure and responsible critical mineral supply chains and that more collaboration is required, within and beyond the G7. Leaders undertook to safeguard their economies from unfair non-market policies and practices that distort markets and drive overcapacity in ways that are harmful to workers and businesses. This includes de-risking through diversification and reduction of critical dependencies. Leaders welcomed the new Canada-led G7 initiative – the Critical Minerals Production Alliance – working with trusted international partners to guarantee supply for advanced manufacturing and defence.

    G7 Leaders expressed support for President Trump’s efforts to achieve a just and lasting peace in Ukraine. They recognized that Ukraine has committed to an unconditional ceasefire, and they agreed that Russia must do the same. G7 Leaders are resolute in exploring all options to maximize pressure on Russia, including financial sanctions. The G7 met with President of Ukraine, Volodymyr Zelenskyy, and Secretary General of the North Atlantic Treaty Organization, Mark Rutte to discuss their support for a strong and sovereign Ukraine, including budgetary defence and recovery and reconstruction support.

    G7 Leaders reiterated their commitment to peace and stability in the Middle East. They exchanged on the evolving situation, following Hamas’s terrorist attacks against Israel on October 7, 2023, and the active conflict between Israel and Iran. Leaders discussed the importance of unhindered humanitarian aid to Gaza, the release of all hostages and an immediate and permanent ceasefire. Leaders also talked about the need for a negotiated political solution to the Israeli-Palestinian conflict that achieves lasting peace. Leaders affirmed Israel’s right to defend itself, and were clear that Iran can never have a nuclear weapon. They underlined the importance of protecting civilians. They expressed their readiness to coordinate to safeguard the stability of international energy markets. They urged that the resolution of this crisis leads to a broader de-escalation of hostilities in the Middle East, including a ceasefire in Gaza. G7 Leaders released a statement on recent developments between Israel and Iran.

    Leaders highlighted the importance of a free, open, prosperous and secure Indo-Pacific, based on the rule of law, and discussed growing economic cooperation with the region. They stressed the importance of constructive and stable relations with China, while calling on China to refrain from market distortions and harmful overcapacity, tackle global challenges and promote international peace and security. Leaders discussed their ongoing serious concerns about China’s destabilizing activities in the East and South China Seas and the importance of maintaining peace and stability across the Taiwan Strait. They expressed concern about DPRK’s nuclear weapons and ballistic missile programs and the need to jointly address DPRK cryptocurrency thefts fueling these programs. The need to resolve the abductions issue was also raised. Leaders acknowledged the links between crisis theatres in Ukraine, the Middle East and Indo-Pacific. Leaders discussed other instances of crisis and conflict, including in Africa and Haiti. 

    The G7 Leaders underscored their resolve to ensure the safety and security of communities. They condemned foreign interference, underlining the unacceptable threat of transnational repression to rights and freedoms, national security and state sovereignty. Leaders highlighted the importance of ongoing collaboration to promote border security and counter migrant smuggling and illicit synthetic drug trafficking, noting recent successes. They stressed the need to work with countries of origin and transit countries. Leaders discussed the impacts of increasingly extreme weather events around the world. They highlighted the need for more international collaboration to prevent, fight and respond to wildfires, which are destroying homes and ecosystems, and driving pollution and emissions. 

    The G7 welcomed participation in the Summit by the President of South Africa, Matamela Cyril Ramaphosa, President of Brazil, Luiz Inácio Lula da Silva, President of Mexico, Claudia Sheinbaum, President of the Republic Korea, Lee Jae-myung, Prime Minister of India, Narendra Modi, and Prime Minister of Australia, Anthony Albanese, as well as UN Secretary General, António Guterres, and President of the World Bank, Ajaypal Singh Banga. Together, they identified ways to collaborate on energy security in a changing world, with a focus on advancing technology and innovation, diversifying and strengthening critical mineral supply chains, building infrastructure, and mobilizing investment. They discussed just energy transitions as well as sustainable and innovative solutions to boost energy access and affordability, while mitigating the impact on climate and the environment. They talked about the consequences of growing conflicts for shared prosperity, including energy security, and the need to work towards a shared peace. 

    Leaders and guests had a productive discussion on the importance of building coalitions with reliable partners – existing and new – that include the private sector, development finance institutions and multilateral development banks, to drive inclusive economic growth and advance sustainable development. The upcoming United Nations’ Fourth International Conference on Financing for Development was raised as an opportunity to continue these discussions, including on private capital mobilization. 

    G7 Leaders agreed to collaborate with partners on concrete outcomes that deliver for everyone. To this end, they agreed to six joint statements. Their commitments included: 

    • Securing high-standard critical mineral supply chains that power the economies of the future.
    • Driving secure, responsible and trustworthy AI adoption across public and private sectors, powering AI now and into the future, and closing digital divides.
    • Boosting cooperation to unlock the full potential of quantum technology to grow economies, solve global challenges and keep communities secure.
    • Mounting a multilateral effort to better prevent, fight and recover from wildfires, which are on the rise around the world.
    • Protecting the rights of everyone in society, and the fundamental principle of state sovereignty, by continuing to combat foreign interference, with a focus on transnational repression.
    • Countering migrant smuggling by dismantling transnational organized crime groups. 

    G7 Leaders welcomed the endorsement by many outreach partners of the Critical Minerals Action Plan and the Kananaskis Wildfire Charter. 

    Discussions at the Kananaskis Summit were informed by the recommendations of the G7 Gender Equality Advisory Council (GEAC), which stressed the social and economic benefits of gender equality, and of all G7 engagement groups. 

    The G7 remains committed to working with domestic and international stakeholders and partners, including local governments, Indigenous Peoples, civil society, industry and international organizations, to advance shared priorities. 

    The G7 will continue its work under Canada’s presidency throughout 2025, and looks forward to France’s leadership in 2026.

    MIL OSI Canada News –

  • MIL-OSI Asia-Pac: New York ETO promotes biotechnology and academic ties with Boston (with photos)

    Source: Hong Kong Government special administrative region

    New York ETO promotes biotechnology and academic ties with Boston  
    At the June 15 (Boston time) welcome dinner for the Hong Kong delegation at BIO 2025, Ms Ho highlighted Hong Kong’s status as a global hub for biotech innovation and fundraising. She also noted Hong Kong’s strong presence at BIO 2025, showcasing the depth and diversity of the city’s biotechnology sector, including pharmaceuticals, immunotherapies, gene editing, diagnostics and stem cell technologies.
     
    The Hong Kong delegation included representatives from the Hong Kong Science and Technology Parks Corporation and its delegation of 16 leading biotech portfolio companies, the medical faculties of the University of Hong Kong and the Chinese University of Hong Kong, as well as representatives from the Office for Attracting Strategic Enterprises, Invest Hong Kong and the Hong Kong Trade Development Council. At the Hong Kong Pavilion, they showcased the city’s life and health sciences capabilities, aiming to attract global enterprises, talent, and investment, and reinforcing Hong Kong’s status as a global biotech hub.
     
    At the “Hong Kong x Boston Biotech Disrupt Night” on June 16 (Boston time) hosted by Invest Hong Kong, Ms Ho spoke on Hong Kong’s strategic advantages in biotechnology, citing world-class infrastructure, strong intellectual property protection, top-tier universities, and a vibrant start-up ecosystem. She also emphasised government support, funding and initiatives such as InnoLife Healthtech Hub and the New Industrialisation Acceleration Scheme. The event, attended by over 140 biotech industry representatives and investors, also featured a panel discussion featuring Hong Kong and Boston’s biotech leaders where they had an insightful exchange on the potential of Boston biotech companies in leveraging Hong Kong for their Asian market expansion.
     
         “Hong Kong offers a nurturing environment for life sciences—combining policy support, research excellence, and regulatory certainty. As the world’s second-largest fundraising hub for biotech IPOs, we also offer deep access to capital and a highly international talent pool. With our world-class infrastructure, common law system, robust IP protections, and proximity to Mainland China and Asia, we serve as a gateway and global launchpad for biotech companies aiming to scale and internationalise”, she said.
     
    While in Boston, Ms Ho also met with representatives of the academia to explore areas of mutual interests and promoted Hong Kong’s various talent admission schemes and the city’s commitment to become an international education and research hub. Her meetings included discussions with Visiting Fellow of Practice at Harvard University’s Fairbank Center for Chinese Studies Mr Mitchell Presnick; and representatives from the University of Massachusetts Boston, including the Provost and Vice Chancellor for Academic Affairs, Mr Joseph B. Berger; the Vice Chancellor for Student Affairs, Ms Karen Ferrer-Muñiz; and the Vice Provost of Research and Strategic Initiatives, Mr Bala Sundaram. She also attended a reception hosted by the Mayor of Boston Ms Michelle Wu for key international biotech leaders and stakeholders.
    Issued at HKT 7:40

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Concerned Stockholders Affirm Nomination of Director Candidates to Drive Change at Ionic

    Source: GlobeNewswire (MIL-OSI)

    Reiterate Commitment to Fight for Liquidity and Transparency Against Entrenched Incumbents

    Set Record Straight on Ionic’s Most Recent Misleading Statements

    Urge Their Fellow Stockholders to Learn More About Their Plan for Change at www.ionicvote.com

    SAN FRANCISCO, June 17, 2025 (GLOBE NEWSWIRE) — Tony Vejseli, Chris Villinger, and Brett Perry (the “Concerned Stockholders”), stockholders of Ionic Digital Inc. (“Ionic” or the “Company”), today issued a public letter to their fellow stockholders announcing that, pursuant to the ruling of the Delaware Court of Chancery that the Ionic board of directors breached its fiduciary duty and ordering the Company to reopen its nomination window for director candidates, the Concerned Stockholders have submitted a new nomination of their two highly qualified candidates, Mike Abbate and Oliver Wiener, for the two Class I Board seats up for election at the Company’s 2025 annual meeting of stockholders scheduled for July 2, 2025.

    The full text of the letter can be found on the Concerned Stockholder’s website at www.ionicvote.com and below:

    Fellow Ionic Digital Stockholders:

    Tony Vejseli, Chris Villinger, and Brett Perry (together, the “Concerned Stockholders,” “we,” or “us”) are stockholders of Ionic Digital Inc. (“Ionic” or the “Company”) and have long been committed to fighting for the rights of our fellow stockholders. We believe our recent victory in the Delaware Court of Chancery, in which the court found that the Ionic board of directors (the “Board”) breached its fiduciary duties in seeking to entrench itself by reducing the size of the Board as a defensive tactic in the midst of a proxy contest. This ruling against each of the current Board members vindicates many of our concerns regarding the disgraceful lack of oversight and disregard for stockholder rights at Ionic.

    Pursuant to the court’s order that the Company reopen its nomination window for director candidates for election to the two open Class I Board seats at the Company’s 2025 annual meeting of stockholders scheduled for July 2, 2025 (the “Annual Meeting”), we are pleased to announce that we have re-nominated Mike Abbate and Oliver Wiener, two highly-qualified candidates whom we have vetted thoroughly and are confident possess the background and experience in capital markets, corporate finance and the cryptocurrency space that we believe is necessary drive the much-needed change highlighted by the Delaware Court of Chancery’s decision and finally put stockholder value first at Ionic. The bios of our candidates are below, and interested stockholders can learn more at www.ionicvote.com.

    We also feel it is critical to set the record straight regarding certain misleading claims made by Ionic in its latest stockholder communication. While we are confident that no stockholder of Ionic would take the current Board’s statements at face value, given its long history of obfuscation and documented failure to focus on stockholder interests, we believe that stockholders deserve the whole truth, and that the election at the Annual Meeting should be made on a fully-informed basis and not be manipulated by misleading insinuations and distortions.

    For instance, the Board purports to believe that our interests conflict with those of our fellow stockholders. But nothing could be further from the truth – our only interests, and the only interests of our director candidates, are in creating stockholder value and generating liquidity after the long and undeserved drought spearheaded by the incumbent Board. Neither we nor any of our director candidates have any commitment to pursuing any particular liquidity pathway, and if elected, Messrs. Abbate and Wiener would consider all options for liquidity consistent with their fiduciary duties to stockholders – something the incumbent Board is clearly and demonstrably incapable of doing itself.

    Ionic also attempts to smear Mr. Wiener’s stellar reputation as a successful veteran of fintech and blockchain-based investments by focusing exclusively on his experience as a member of the advisory board of FTX, an advisory position of platitude, not fiduciary duty. Ionic refuses to acknowledge Mr. Wiener’s deep experience with and understanding of the cryptocurrency industry, a depth of expertise not possessed by a single member of the incumbent Board.

    Ionic falsely claims that Elizabeth LaPuma is the only nominee with decades of experience in capital markets, corporate finance and corporate transformation – but Mr. Wiener, not Ms. LaPuma, is the only candidate for election to the Board who served as senior leadership of an investment bank for two decades and founded a private equity firm, bringing more capital markets and finance experience to the table than the entire incumbent Board, including Ms. LaPuma. We further emphasize that among the many impressive and relevant items on Mr. Wiener’s resume, there is not a single judgment by a court that he ever breached a fiduciary duty to his stockholders, nor any period of failure in which he sat on a board for a year and a half collecting obscene board fees and juggling a rotating cast of executives, consultants, and auditors while failing to deliver on repeated promises of liquidity for long-suffering stockholders – which is more than can be said for any member of the Ionic Board.

    Finally, we note that Ionic’s most recent stockholder communication includes some limited scraps of operational data, and we applaud the Company for recognizing, if only belatedly and only as a result of our hard-fought engagement, that it needs to communicate with stockholders. But we emphasize that these communications remain sporadic, opportunistic, and incomplete. It should be highly concerning to all Ionic stockholders that the Company has failed to produce an annual report or any standard financial disclosures. Critically, over a year and a half of existence, Ionic has still never released a single data point regarding its costs and expenses. In fact, we understand the Company has engaged three separate investment banks, but has failed to disclose exactly how much it is paying these expensive advisors. Stockholders deserve to know how much of our money is being burned by a Board that has already demonstrated that it doesn’t care about its duties to its stockholders.

    The Concerned Stockholders believe that the incumbent Board has had more than adequate opportunity to prove itself, and it has failed. Over the last year and a half, the incumbent Board has proven only that it lacks the necessary experience to oversee the business of Ionic. As Scott Flanders himself testified in the Delaware Court of Chancery, regarding the operations of the Company:

    “…material safety issues, just gross negligent construction, not adhering to any kind of best practices, the performance, and lack of responsiveness from Hut 8.”

    Stockholders deserve real change – we urge you to throw away your WHITE proxy card and vote for Mike Abbate and Oliver Wiener on the GOLD Proxy Card today to cast a vote for restoring transparency, accountability, and liquidity to Ionic.

    Learn more at www.ionicvote.com

    Contact Information
    Investor Contact:
    Saratoga Proxy Consulting LLC
    John Ferguson / Ann Marie Mellone
    (888) 368-0379
    (212) 257-1311
    info@saratogaproxy.com

    Our Candidates:

    Michael Abbate, age 46, currently serves as an Advisor to Figure Markets Holdings, Inc. (“Figure Markets”), a decentralized custody and exchange for financial assets, since February 2025. Previously, Mr. Abbate served as Chief Investment Officer of Figure Markets, from January 2024 to January 2025. Prior to Figure Markets, Mr. Abbate served as Managing Partner of NovaWulf Digital Management, LP (“NovaWulf”), an investment manager focused on digital assets, from August 2021 to January 2024 and as a private investor from January 2021 to August 2021. Earlier in his career, Mr. Abbate worked for over 16 years at King Street Capital Management, L.P., a leading global alternative asset manager, most recently as a Member, from March 2004 to December 2020. Mr. Abbate started his career as an investment banker in global technology at Morgan Stanley and received a Bachelor of Computer Science and Engineering from Dartmouth College.

    Oliver Wiener, age 47, has served as Founder and Managing Partner of Kensington Merchant Partners, a merchant bank, investment management and corporate development advisory business focused on Financials, Fintech, Insurance, Insuretech and Blockchain verticals, since January 2023. Previously, he served as a Portfolio Manager at Standard Investments LLC, an investment platform focused on the intersection of industry and technology, from May 2021 to December 2022. Prior to that, Mr. Wiener served as Co-Founder and Partner at BTIG, LLC, a global financial services firm, from March 2003 to May 2021. Mr. Wiener currently serves as a member of the board of directors of Chain Bridge I, a special situations fund focused on convertible bonds, SPAC securities, PIPEs, warrants and public equities, since February 2024, and The National Security Group, Inc., an insurance holding company, since October 2024. He has also served as a board observer at Figment Inc., a leading provider of blockchain infrastructure, since 2022, an advisory board member at Extend, an AI enabled post purchase protection Insurtech since 2021 and an advisor at Figment Capital, a Web3 infrastructure investment fund, since July 2021, Hangar, a private equity sponsor focused on technology and public sector markets, since March 2023, and the Opportunity Network, a non-profit focused on providing access to college and professional mobility for underrepresented students, since January 2021. He is also an active member of the Economic Club of New York and the University of Wisconsin College of Letters and Science Board of Visitors, as well as the UW Technology Entrepreneurship Office Advisory Council. Previously, he served as a member of the board of directors of Interchecks Technologies, Inc., a payment technology company, from January 2022 to January 2023, and as an advisory board member at Anchor Labs Inc., a software developer, from the spring of 2020 to the winter of 2023. Mr. Wiener also served as a founding member and President of the board of the Association for Digital Asset Markets, a private, non-profit, industry-led, broad-based association of firms operating in the digital asset space, from November 2018 to May 2021, and was a member of Prince’s Trust US Finance Committee from January 2019 to December 2023. Mr. Wiener began his career as an equities analyst at CIBC Oppenheimer. He received a B.A. in Political Science and International Relations from the University of Wisconsin-Madison.

    The MIL Network –

  • MIL-OSI: Bitdeer Announces Proposed Private Placement of US$300.0 Million of Convertible Senior Notes

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 17, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced that it intends to offer, subject to market conditions and other factors, US$300.0 million principal amount of Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$45.0 million principal amount of notes.

    The notes will be general senior unsecured obligations of the Company and will accrue interest payable semiannually in arrears. Upon conversion, the Company will pay or deliver, as the case may be, cash, Class A ordinary shares par value US$0.0000001 per share, of the Company (the “Class A ordinary shares”) or a combination of cash and Class A ordinary shares, at its election. The interest rate, initial conversion rate, repurchase or redemption rights and certain other terms of the notes will be determined at the time of pricing of the offering.

    Use of Proceeds

    The Company intends to use a portion of the net proceeds from the offering to pay the cost of the zero-strike call option transaction and to pay the cash consideration for the concurrent note exchange transactions, each as described below. The Company intends to use the remaining net proceeds from the offering for datacenter expansion, ASIC based mining rig development and manufacture, as well as working capital and other general corporate purposes. If the initial purchasers exercise their option to purchase additional notes, the Company expects to use the net proceeds from the sale of the additional notes for datacenter expansion, ASIC based mining rig development and manufacture, as well as working capital and other general corporate purposes as described above.

    Zero-Strike Call Option Transaction

    In connection with the pricing of the notes, the Company intends to enter into a privately negotiated zero-strike call option transaction with one of the initial purchasers or its affiliate (the “option counterparty”) and, having an expiration date that is scheduled to occur shortly after the maturity date of the notes. Pursuant to the zero-strike call option transaction, the Company would pay a premium for the right to receive, without further payment, a specified number of Class A ordinary shares (subject to customary adjustment), with delivery thereof by the option counterparty at expiry, subject to early settlement of the zero-strike call option transaction in whole or in part at the option counterparty’s discretion. In the case of settlement at expiration or upon any early settlement, the option counterparty would deliver to the Company the number of Class A ordinary shares underlying the zero-strike call option transaction or the portion thereof being settled early. The zero-strike call option transaction is intended to facilitate privately negotiated derivative transactions with respect to the Class A ordinary shares between the option counterparty (or its affiliate) and certain investors in the notes by which those investors will be able to hedge their investment in the notes. Those activities, which are expected to occur concurrently with or shortly after the pricing of the offering, could increase (or reduce the size of any decrease in) the market price of the Class A ordinary shares and/or the notes at that time.

    The option counterparty (or its affiliate) may modify its hedge positions by entering into or unwinding derivative transactions with respect to the Class A ordinary shares and/or purchasing or selling Class A ordinary shares or other securities of the Company in secondary market transactions at any time following the pricing of the notes and shortly before or after the expiry or early settlement of the zero-strike call option transaction, and, the Company has been advised that the option counterparty may unwind its derivative transactions and/or purchase or sell the Class A ordinary shares in connection with the expiry of the zero-strike call option transaction or any early settlement of the zero-strike call option transaction at the option counterparty’s discretion, including any early settlement relating to any conversion, repurchase or redemption of the notes. Those activities could also increase (or reduce the size of any decrease in) or decrease (or reduce the size of any increase in) the market price of the Class A ordinary shares and/or the notes.

    If the zero-strike call option transaction fails to become effective, whether or not the offering is completed, the option counterparty may unwind its hedge positions with respect to the Class A ordinary shares, which could adversely affect the market price of the Class A ordinary shares and, if the notes have been issued, the market price of the notes.

    Concurrent Note Exchange Transaction

    Concurrently with the pricing of the notes in the offering, the Company expects to enter into one or more privately negotiated transactions with one or more holders of 8.50% convertible senior notes due 2029 (the “August 2029 notes”) to exchange for cash and Class A ordinary shares certain of its August 2029 notes on terms to be negotiated with each holder (each, a “note exchange transaction”). The terms of each note exchange transaction will depend on a variety of factors. No assurance can be given as to how much, if any, of the August 2029 notes will be exchanged or the terms on which they will be exchanged. This press release is not an offer to exchange the August 2029 notes, and the offering of the notes is not contingent upon the exchange of the August 2029 notes.

    In connection with any note exchange transaction, the Company expects that holders of the August 2029 notes who agree to have their August 2029 notes exchanged and who have hedged their equity price risk with respect to such notes (the “hedged holders”) will unwind all or part of their hedge positions by buying the Class A ordinary shares and/or entering into or unwinding various derivative transactions with respect to the Class A ordinary shares. The amount of the Class A ordinary shares to be purchased by the hedged holders or in connection with such derivative transactions may be substantial in relation to the historical average daily trading volume of the Class A ordinary shares. This activity by the hedged holders could increase (or reduce the size of any decrease in) the market price of the Class A ordinary shares, including concurrently with the pricing of the notes. The Company cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes or the Class A ordinary shares.

    The notes and any Class A ordinary shares issuable upon conversion of the notes have not been and will not be registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

    This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.

    About Bitdeer Technologies Group

    Bitdeer is a world-leading technology company for Bitcoin mining. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among others, statements relating to Bitdeer’s expectations regarding the proposed terms and the completion, timing and size of the proposed offering, the note exchange transactions and the zero-strike call option transaction, the expected use of proceeds from the sale of the notes and potential impact of the foregoing or related transactions on the market price of the Class A ordinary shares or the trading price of the notes. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including risks and uncertainties associated with market conditions, whether Bitdeer will offer the notes, enter into the note exchange transactions and the zero-strike call option transaction or be able to consummate the proposed offering, the note exchange transactions and the zero-strike call option transaction at the anticipated size or on the anticipated terms, or at all, and the satisfaction of closing conditions related to the proposed offering and the note exchange transactions, as well as discussions of potential risks, uncertainties and other factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Bitdeer’s control. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

    For investor and media inquiries, please contact:

    Investor Relations
    Orange Group
    Yujia Zhai
    bitdeerir@orangegroupadvisors.com

    Public Relations
    BlocksBridge Consulting
    Nishant Sharma
    bitdeer@blocksbridge.com

    The MIL Network –

  • MIL-OSI USA: Durbin Introduces The Bicycles For Rural African Transport Act

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    June 17, 2025

    WASHINGTON – Today, U.S. Senate Democratic Whip Dick Durbin (D-IL) introduced the Bicycles for Rural African Transport Act, legislation that would establish within the United States Agency forInternational Development (USAID) a program to promote mobility in rural communities using affordable, sustainable bicycles to support access and key development objectives. 

    “U.S. foreign assistance makes up less than one percent of the federal budget—yet, it can yield millions in returns, both financially and in lives saved.  Sometimes, the simplest of tools, like a bicycle, can help make incredible progress,” said Durbin.  “Since 2019, I have worked through the appropriations process to push USAID to invest in locally appropriate and sustainable bicycles, which help meet needs in health care, education, and women and girls’ empowerment. Now that the Trump Administration has gutted USAID and is trying to jam a rescissions package through the Senate that strips global funding for the most vulnerable abroad, we need this legislation more than ever.”

    “Reliable, purpose-built bicycles are among the most cost-effective tools to improve access to healthcare, education, and economic opportunities in rural communities. We applaud Senator Durbin’s leadership in reintroducing the Bicycles for Rural African Transport Act, which recognizes that mobility is foundational to development. This bill has the power to accelerate progress and unlock potential for millions of people,” said Dave Neiswander, CEO, World Bicycle Relief.

    This Bicycles for Rural African Transport Act builds on the work Durbin has done through the Senate Appropriations Subcommittee on State, Foreign Operations, and Related Programs (SFOPS) in the annual appropriations package in recent years, to provide modest funding and a comprehensive USAID assessment for a pilot program related to bicycles that has been successful at helping get girls to school, providing health services, allowing farmers to take their crops to market, and more. This bill would effectively codify those efforts, and requires USAID to report on such projects from which the agency can continue to build.  

    The legislation also emphasizes partnerships with existing entities, such as Chicago-based World Bicycle Relief, with successful models for providing access to affordable bicycles to achieve development objectives. Founded in 2005, World Bicycle Relief partners with communities across nearly two dozen countries to establish and manage a sustainable transportation ecosystem that has delivered nearly 900,000 sustainable bicycles and supported more 4.4 million people.

    -30-

    MIL OSI USA News –

  • MIL-OSI USA: CLEARED FOR TAKEOFF: Warnock, Ossoff Secure Over $14 Million in Federal Funding for Georgia Airports through Bipartisan Infrastructure Law

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    CLEARED FOR TAKEOFF: Warnock, Ossoff Secure Over $14 Million in Federal Funding for Georgia Airports through Bipartisan Infrastructure Law

    Southwest Georgia Regional Airport in Albany will receive $1,757,262 for infrastructure improvements
    Savannah/Hilton Head International Airport will receive $11,398,769 for taxiway upgrades, road construction, and more
    Additional communities receiving federal funding include BLAIRSVILLE, BUTLER, CANON, COCHRAN, MONROE, PEACHTREE CITY
    Senator Warnock: “Georgia is one of the most important aviation states in the nation, and I will always be committed to ensuring our economy and infrastructure can reach new heights”
    Senator Ossoff: “Georgia’s airports are a key driver of job creation and economic competitiveness. Alongside Senator Reverend Warnock, we are pleased to announce this funding through the bipartisan infrastructure law for airport upgrades across the State of Georgia”

    Washington, D.C. – Today, U.S. Senators Reverend Raphael Warnock (D-GA) and Jon Ossoff (D-GA) announced new federal investments to upgrade Georgia’s airports through the Bipartisan Infrastructure Law, legislation championed by the senators for its investments in Georgia. Senators Warnock and Ossoff announced airports in Savannah, Albany, and six additional communities across Georgia will receive a total of $14,107,485 for infrastructure upgrades. The federal funding will be used for taxiway and runway upgrades, road construction, a planning study, and more.

    “This new investment is a testament to the good we can accomplish when we center the people in policymaking,” said Senator Reverend Warnock. “Georgia is one of the most important aviation states in the nation, and I will always be committed to ensuring our economy and infrastructure can reach new heights.”

    “Georgia’s airports are a key driver of job creation and economic competitiveness. Alongside Senator Reverend Warnock, we are pleased to announce this funding through the bipartisan infrastructure law for airport upgrades across the State of Georgia. Our bipartisan infrastructure law will continue to deliver long-overdue upgrades to Georgia’s infrastructure for years to come,” said Senator Ossoff. 

    More information on these federal grants can be found below:

    Locality Airport Description Amount
    Albany Southwest Georgia Regional Airport Taxiway upgrades, pavement upgrades $1,757,262
    Blairsville Blairsville Airport Runway infrastructure upgrades $159,000
    Butler Butler Municipal Airport Runway infrastructure upgrades $110,000
    Canon Franklin-Hart Airport Runway infrastructure upgrades $201,744
    Cochran Cochran Airport Runway infrastructure upgrades $159,000
    Monroe Cy Nunnally Memorial Airport Runway infrastructure upgrades $159,000
    Peachtree City Atlanta Regional Falcon Field Runway infrastructure upgrades $162,710
    Savannah Savannah/Hilton Head International Airport Taxiway upgrades, road construction, planning study, expanded apron space $11,398,769

    A longtime champion for Georgia’s aviation industry, last year Senator Warnock secured provisions in the FAA Reauthorization law that will help transform the aviation industry, including provisions to bolster the aviation workforce pipeline and invest in our aviation economy. In May 2025, Senators Warnock and Ossoff announced more than $13 million in federal funding from the Bipartisan Infrastructure Law to upgrade and help maintain Georgia’s regional airports. Last summer, Senator Warnock toured Gulfstream headquarters in Savannah, Georgia, as well as Savannah Tech’s Crossroads Aviation Campus to meet with current students who are training to work at Gulfstream or in Georgia’s aviation economy. In 2023, Senator Warnock visited Savannah/Hilton Head International Airport to review progress on federally funded projects, including construction of a security checkpoint expansion. In April 2023, Senator Warnock met with local aviation workers and leaders at DeKalb-Peachtree Airport in Chamblee, Georgia to discuss the challenges and opportunities facing workers on the frontlines of the aviation industry; following his visit, the Senator introduced the AIRWAYS Act to strengthen the aviation workforce by recruiting and training future industry workers from all zip codes. Additionally, in 2022 Senators Warnock and Ossoff secured $13.5 million to update nine airports across Georgia, including Augusta Regional Airport and Columbus Airport. The awards announced today were made possible by the Bipartisan Infrastructure Law, which included at least $619 million for Georgia’s airports to improve efficiency, upgrade terminals, and more. 

    MIL OSI USA News –

  • MIL-OSI USA: CLEARED FOR TAKEOFF: Warnock, Ossoff Secure Over $14 Million in Federal Funding for Georgia Airports through Bipartisan Infrastructure Law

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    CLEARED FOR TAKEOFF: Warnock, Ossoff Secure Over $14 Million in Federal Funding for Georgia Airports through Bipartisan Infrastructure Law

    Southwest Georgia Regional Airport in Albany will receive $1,757,262 for infrastructure improvements
    Savannah/Hilton Head International Airport will receive $11,398,769 for taxiway upgrades, road construction, and more
    Additional communities receiving federal funding include BLAIRSVILLE, BUTLER, CANON, COCHRAN, MONROE, PEACHTREE CITY
    Senator Warnock: “Georgia is one of the most important aviation states in the nation, and I will always be committed to ensuring our economy and infrastructure can reach new heights”
    Senator Ossoff: “Georgia’s airports are a key driver of job creation and economic competitiveness. Alongside Senator Reverend Warnock, we are pleased to announce this funding through the bipartisan infrastructure law for airport upgrades across the State of Georgia”

    Washington, D.C. – Today, U.S. Senators Reverend Raphael Warnock (D-GA) and Jon Ossoff (D-GA) announced new federal investments to upgrade Georgia’s airports through the Bipartisan Infrastructure Law, legislation championed by the senators for its investments in Georgia. Senators Warnock and Ossoff announced airports in Savannah, Albany, and six additional communities across Georgia will receive a total of $14,107,485 for infrastructure upgrades. The federal funding will be used for taxiway and runway upgrades, road construction, a planning study, and more.

    “This new investment is a testament to the good we can accomplish when we center the people in policymaking,” said Senator Reverend Warnock. “Georgia is one of the most important aviation states in the nation, and I will always be committed to ensuring our economy and infrastructure can reach new heights.”

    “Georgia’s airports are a key driver of job creation and economic competitiveness. Alongside Senator Reverend Warnock, we are pleased to announce this funding through the bipartisan infrastructure law for airport upgrades across the State of Georgia. Our bipartisan infrastructure law will continue to deliver long-overdue upgrades to Georgia’s infrastructure for years to come,” said Senator Ossoff. 

    More information on these federal grants can be found below:

    Locality Airport Description Amount
    Albany Southwest Georgia Regional Airport Taxiway upgrades, pavement upgrades $1,757,262
    Blairsville Blairsville Airport Runway infrastructure upgrades $159,000
    Butler Butler Municipal Airport Runway infrastructure upgrades $110,000
    Canon Franklin-Hart Airport Runway infrastructure upgrades $201,744
    Cochran Cochran Airport Runway infrastructure upgrades $159,000
    Monroe Cy Nunnally Memorial Airport Runway infrastructure upgrades $159,000
    Peachtree City Atlanta Regional Falcon Field Runway infrastructure upgrades $162,710
    Savannah Savannah/Hilton Head International Airport Taxiway upgrades, road construction, planning study, expanded apron space $11,398,769

    A longtime champion for Georgia’s aviation industry, last year Senator Warnock secured provisions in the FAA Reauthorization law that will help transform the aviation industry, including provisions to bolster the aviation workforce pipeline and invest in our aviation economy. In May 2025, Senators Warnock and Ossoff announced more than $13 million in federal funding from the Bipartisan Infrastructure Law to upgrade and help maintain Georgia’s regional airports. Last summer, Senator Warnock toured Gulfstream headquarters in Savannah, Georgia, as well as Savannah Tech’s Crossroads Aviation Campus to meet with current students who are training to work at Gulfstream or in Georgia’s aviation economy. In 2023, Senator Warnock visited Savannah/Hilton Head International Airport to review progress on federally funded projects, including construction of a security checkpoint expansion. In April 2023, Senator Warnock met with local aviation workers and leaders at DeKalb-Peachtree Airport in Chamblee, Georgia to discuss the challenges and opportunities facing workers on the frontlines of the aviation industry; following his visit, the Senator introduced the AIRWAYS Act to strengthen the aviation workforce by recruiting and training future industry workers from all zip codes. Additionally, in 2022 Senators Warnock and Ossoff secured $13.5 million to update nine airports across Georgia, including Augusta Regional Airport and Columbus Airport. The awards announced today were made possible by the Bipartisan Infrastructure Law, which included at least $619 million for Georgia’s airports to improve efficiency, upgrade terminals, and more. 

    MIL OSI USA News –

  • MIL-OSI United Kingdom: New plans to supercharge UK cyber sector

    Source: United Kingdom – Executive Government & Departments

    Press release

    New plans to supercharge UK cyber sector

    The UK’s growing cyber security sector will be boosted by millions in new investment and a new Cyber Growth Action Plan, as part of the government’s Plan for Change.

    • New Cyber Growth Action Plan to boost jobs and innovation, growing the UK’s £13.2 billion cyber sector. 
    • Up to £16 million in new funding to turn cutting edge innovation into new business, and boost cyber startups 
    • Cyber experts from defence and big tech set to advise government on public sector cybersecurity, amid growing threats.

    The UK’s growing and cutting edge cyber security sector will be boosted by millions in new investment and a roadmap for growth, as part of the Plan for Change. 

    The government has today [Wednesday 18 June] set out the Cyber Growth Action Plan that will chart a course for the UK’s thriving cyber industry, including the technologies, processes, and services designed to protect digital systems, to continue to grow – with the sector already generating £13.2 billion in annual revenue and supporting over 67,000 jobs in 2024.   

    Led by independent experts at University of Bristol and Imperial College London’s Centre for Sectoral Economic Performance, the Plan will examine the strengths of the UK’s cyber sector and provide a roadmap for its future growth. This will culminate with a set of recommendations later this summer for government to plot out what steps can be taken to deliver maximum impact. 

    On top of this, up to £16 million in new investment has been announced in 2 cyber sector programmes to kickstart growth. Up to £10 million in additional funding will be invested in the CyberASAP programme over the next 4 years, which will support the UK’s cutting edge academic cyber sector to turn their research into commercial companies. The programme has already supported the creation of 34 spin-out companies which have raised over £43 million in investment. The new funding aims to generate a further 25 spin-outs by 2030 and attract £30 million in additional investment. 

    To build on the work of the government’s current cyber accelerator Cyber Runway, up to £6 million will be also allocated to support cyber startups and SMEs – helping firms scale, access new markets through trade missions, and strengthen the UK’s wider cyber ecosystem. By backing researchers and entrepreneurs, these programmes will ensure the UK remains a global leader in cyber innovation and growth. This investment will unlock more jobs, support innovation, and bolster Britain’s cyber security. 

    Cyber Security Minister Feryal Clark said:  

    Cyber security is essential to our economic strength and national resilience. Today’s announcement is backed by investment showing we’re serious about making the UK a global leader in cyber innovation and protection.

    Through our Plan for Change, we’re backing the sector to create high-quality jobs through the Cyber Growth Action Plan and ensuring our public services are built on secure foundations with the expert support of the Government Cyber Advisory Board.

    Chancellor of the Duchy of Lancaster Pat McFadden said:

    Today’s investment will help to turn innovative ideas into successful businesses up and down the country, and the new research will support our mission to grow the economy.  

    Recent cyber attacks show just how important it is we foster the development of the sector – delivering the double dividend of high paying jobs as well as strengthening the country’s cyber security.

    The Growth Action Plan is due to report later this summer and will feed into the forthcoming National Cyber Strategy, ensuring the UK remains resilient and competitive in an increasingly interconnected world. This is central to the government’s Plan for Change, aimed at driving innovation, creating high-quality jobs and securing long-term economic resilience.  

    The review is set to cover the supply and demand of cyber goods and services such as protective monitoring and encryption, to understand opportunities for growth. The research will aim to spot new trends and potential areas to capitalise on – as well as explore emerging technologies including AI and Quantum, and identify opportunities to strengthen Britain’s competitive edge. This will in turn protect our digital economy and the new growth which is fundamental to the government’s Plan for Change.  

    Simon Shiu, Professor of Cyber Security at the University of Bristol and leading the project, said:  

    The UK Cyber Sector is successful and growing, but so too are the challenges as demonstrated by recent events which have affected businesses and consumers. Based on input from all parts of the Cyber Sector, this project will make independent recommendations to accelerate growth in Cyber, but also to increase cyber-resilience in the other sectors critical to UK security, industry, and prosperity.

    Professor Nigel Brandon, Dean of the Faculty of Engineering at Imperial, said:  

    The Centre for Sectoral Economic Performance (CSEP) at Imperial is uniquely placed to work with the University of Bristol on this important work in a rapidly growing and key sector for the UK economy. This work is aligned with our ambition to help drive economic growth by boosting the UK’s innovation capacity, productivity and competitiveness.

    Senior cybersecurity experts from defence, big tech companies, AI labs, academia and more are also advising the government on public sector cybersecurity. Cyber leaders from BAE Systems, Santander, Amazon Web Services, Microsoft, and Google DeepMind will form the new iteration of the Government Cyber Advisory Board, which will play a key role in supporting the government’s goal to strengthen the public sector’s cyber resilience. This aligns with the government Cyber Security Strategy and underpins the delivery of secure digital services across government. 

    The cyber sector will be a key focus of the upcoming Industrial Strategy – becoming a central pillar of the government’s Plan for Change to kick-start growth and put more money in people’s pockets across the UK. Cyber security has become a central part of the government’s plans to secure the economy and drive growth across the country as part of its Plan for Change.   

    Earlier this year, the Technology Secretary set out his ambition for the forthcoming Cyber Security and Resilience Bill which includes proposals to protect the UK’s supply chains, critical national services, and IT service providers and suppliers and is expected to be introduced to Parliament later this year.   

    As part of the new measures, hospitals and energy suppliers are set to boost their cyber defences, protecting public services and safeguarding growth.

    Notes to editors

    You can find the Terms of Reference for the growth review here.

    The new board members of the Government Cyber Advisory Board include:  

    • Daniel Cuthbert (co-chair), Global Head of Cyber Security Research, Santander   
    • Bella Powell (co-chair), Government Cyber Director, Government Digital Service  
    • Daniel Card, Cyber Security Consultant 
    • Cate Pye, Global Partner Lead for Digital Trust and Cyber Security, PA Consulting   
    • Heather Bedson, Head of Information Security, BPP 
    • Jeff Moss, President of DEF CON Communications Inc 
    • Jen Ellis, Cyber Security Consultant
    • Asif Matadar, CEO and Founder, cyberwargames.ai 
    • Dr Simon Parkinson, Professor of Cyber Security, University of Huddersfield 
    • Julia Spain, Partner, Ashurst Risk Advisory
    • Nicole Fowler, Chief Information Security Officer, Bank of Ireland UK 
    • Thomas Harvey, Chief Information Security Officer (CISO), Santander UK   
    • Richard Palk, Managing Director Security, Accenture UK
    • Sam Kirby-French, Group CISO, BAE Systems 
    • Phil Legg, Professor in Cyber Security, University of the West of England
    • Mark Evans, Principal Security Strategist, Amazon Web Services
    • Sarah Armstrong-Smith, Chief Security Advisor, Microsoft
    • Ian Thompson, Senior Government Cyber Advisor, Middle East and North Africa, Google 
    • Eleanor Sim, Director Security Strategy and Architecture, Chief Security Architect, Bupa   
    • Euan Birch, Head of Cyber Security Operations, SP Energy Networks 
    • Vijay Bolina, Chief Information Security Officer, Head of Cybersecurity Research, DeepMind  

    Daniel Cuthbert (industry co-chair):

    It is an honour to co-chair the UK Government Cyber Advisory Board (GCAB). Our strength comes from the close partnership between public and private sector experts, drawing on a wide range of experience to help protect the UK. As cyber threats continue to evolve, strong cyber security is essential to safeguarding our economy, protecting public services, and supporting everyday life. The diversity of expertise on the board plays a vital role in ensuring the UK remains resilient, innovative and secure.

    Ian Thompson:

    The Government Cyber Advisory Board plays a vital role in bringing together expertise from across government and a wide set of industry sectors. This cross-sector collaboration not only accelerates the sharing of best practices and experience but also ensures balanced perspectives and mutual learning — something I’m personally finding invaluable.

    Sarah Armstrong-Smith:

    From laggards to leaders – in an era where cyber-attacks are coming thick and fast, GCAB has the opportunity to take a commanding role, setting the right path and principles for how the UK should respond to this systemic threat. This requires a whole-of-society approach to build collective resilience that inspires confidence in times of uncertainty.

    Cate Pye:

    I’m delighted to be part of the GCAB, it is a really pivotal part of making sure that the whole of the UK contribute to our cyber security as this becomes increasingly essential to the way we live and work.  It is also an exemplar of how government and industry can work as one team to really change the way both government and the private sector pragmatically address cyber challenges together, building trust and competency in both.

    Asif Matadar:

    It has been an absolute honour to serve as an inaugural member of the Government Cyber Advisory Board. This initiative has already delivered concrete improvements in how government organisations anticipate and mitigate cyber threats, embedding best practice across government. I am therefore delighted that my term has been extended for a further year, during which I will continue to apply my expertise in incident response, cyber skills development and emerging technologies to support the UK government’s mission of building a world‑class, resilient cyber estate by 2030.

    Euan Birch:

    GCAB reflects the best of trusted public-private partnerships, embedding strategic collaboration and shared responsibility at the heart of government. As a member, I value the opportunity to support government in its mission to strengthen the UK’s resilience to cyber attacks and help secure its position as a global leader.

    Heather Bedson:

    Being part of the GCAB is an opportunity to drive change and improve the Government’s cyber resilience by using expertise from a wide range of industries. I enjoy being part of the GCAB, as it’s an opportunity to share my experiences while collaborating with colleagues across the sector who I might not have otherwise met.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Historic Investment at SUNY Downstate Hospital

    Source: US State of New York

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    SUNY Chancellor John B. King Jr. said, “Governor Hochul is making a historic investment in SUNY Downstate and Central Brooklyn, which will create a state-of-the-art, modern teaching hospital for generations of Brooklynites. This more than $1 billion investment, as part of a reasonable, scalable, and fiscally responsible plan, will ensure SUNY Downstate’s hospital moves forward and maintains all essential inpatient and outpatient services, as it expands to continue serving the needs of the community.”

    The advisory board’s task was to consider recommendations to establish a reasonable, scalable and fiscally responsible plan for the financial health, viability, and sustainability of SUNY Downstate within a range of available funds. Over the course of their deliberations, the advisory board:

    • Held four public hearings (one more than statutorily required) on January 22, February 27, March 13, and April 28, with two in Community Board #9 and two in Community Board #17
    • Met with numerous community stakeholders including the SUNY Downstate Medical School Department Chairs, the Brooklyn for Downstate advocacy group (twice), the leadership at SUNY Downstate, and other regional health care providers
    • Carefully reviewed analysis of the community health needs (including the Brooklyn for Downstate data needs analysis and recommendations for the future of SUNY Downstate, the Community Health Needs Assessment 2022 prepared by the NYC Health & Hospitals, and the New York State Department of Health’s Study of Healthcare System Inequities and Perinatal Access in Brooklyn report), Downstate Hospital’s financials, and the condition of Downstate Hospital’s physical plant
    • Engaged a team of consultants to provide expert analysis, infrastructure assessment, financial modeling, architectural and engineering scenarios, and coordination to independently assess the reasonableness of the financial modeling and identify options to reduce the ongoing operating deficit.

    SUNY Downstate Health Sciences University President Dr. Wayne J. Riley said, “This plan represents an extraordinary investment in SUNY Downstate’s teaching hospital–University Hospital at Downstate–and a brighter future for our patients, students, faculty, and staff. I thank Governor Hochul, the Brooklyn legislative delegation, the SUNY Board of Trustees, Chancellor King, the faculty and staff of SUNY Downstate, and the faith leaders, labor organizations, and other community stakeholders who have worked together to envision a strong and achievable future for SUNY Downstate.”

    The SUNY Board of Trustees said, “Governor Hochul has committed significant resources to ensure that SUNY Downstate can do more for the health and wellbeing of the Brooklyn community. We are grateful to the Governor, the Downstate Community Advisory Board, including SUNY Chancellor John King, as well as to Senior Vice Chancellor for Health and Hospital Affairs Valerie Grey, and all those who provided comments during this comprehensive review.”

    New York State Health Commissioner Dr. James V. McDonald said, “This historic investment will transform the landscape of accessible, affordable health care services at SUNY Downstate Hospital for years to come. As a vital community hospital, SUNY Downstate has consistently led efforts to address health disparities and emerging health care needs of the New Yorkers it serves. With Governor Hochul’s investment and the support and collaboration of SUNY and the community, this investment will bring about sustainable improvements that will modernize the facility, ensuring the hospital has the capacity to deliver quality health care for years to come.”

    SUNY Downstate Chair of the Department of Community and Family Health Dr. Enitza George, M.D., MBA, MSAI. said, “After six months of working with the DCAB members, I believe these recommendations truly reflect our commitment to listening to the community. We carefully considered what’s needed and balanced it with what’s possible given the current funding. I’m genuinely excited about what’s next—for Brooklyn as a whole and for Downstate in particular.”

    “Every New Yorker deserves access to innovative, high-quality care. This historic $1 billion investment into SUNY Downstate’s hospital will contribute to modernization and infrastructure efforts that will lead to a brighter future for this community.”

    Governor Kathy Hochul

    SUNY Downstate Community Advisory Board Member Pastor Louis Hilton Straker Jr. said, “Reinvesting in Downstate will not only mean improved care, it will also mean a sense of safety and dignity for Central Brooklynites. Over the last year, we’ve seen how different voices and perspectives can enter a room and come together to deliver for our communities. Let Downstate serve as a sign of hope on what we can do when New Yorkers stand by each other and insist on solutions.”

    SUNY Downstate Community Advisory Board Member Dr. Lesly Kernisant said, “In my decades of caring for Brooklyn patients, a simple fact is clear: modern facilities and comprehensive services lead to improved care. This investment in SUNY Downstate’s future–which includes vital support for maternal health care–marks an important moment in the collective effort to reduce health disparities and secure a better future for our community.”

    Senate Majority Leader Andrea Stewart-Cousins said, “Securing this historic $1 billion investment in SUNY Downstate is a major victory for Brooklyn. It preserves critical services, modernizes the hospital, and reaffirms our commitment to equitable, high-quality care. SUNY Downstate is not only a vital healthcare provider, but a lifeline and anchor in Brooklyn. I’m proud that the Senate Majority worked closely with Governor Hochul to deliver the funding needed to fully revitalize this essential institution, and I applaud Senator Myrie and all my Brooklyn colleagues whose tireless advocacy made this moment possible.”

    Senator Kevin Parker said, “This historic investment demonstrates the impact of government that truly listens to the people it serves. SUNY Downstate’s inpatient and outpatient services are not just critical—they are life-saving resources for thousands of Brooklyn residents. Preserving these essential programs while committing to their modernization and expansion is a bold affirmation of our community’s right to accessible, high-quality care. It reflects a deep and overdue investment in the health, dignity, and future of Central Brooklyn. I applaud Governor Hochul, Majority Leader Stewart-Cousins, Speaker Heastie, and the entire Brooklyn delegation for their leadership in securing this transformative win.”

    Senator Roxanne J. Persaud said, “This historic investment in SUNY Downstate is not only a commitment to health equity but a powerful example of what happens when government truly listens to the community,” said Senator Roxanne J. Persaud. “Thanks to Governor Hochul’s leadership and the tireless work of the Community Advisory Board, we now have a fiscally responsible plan to modernize Downstate Hospital and ensure it remains a pillar of care, education, and opportunity in Central Brooklyn for generations to come.”

    Senator Zellnor Myrie said, “Last year, Central Brooklyn fought back against a proposal that would have closed SUNY Downstate and sent its patients elsewhere for care. Instead, we secured a commitment to invest in Downstate’s future, modernizing its facilities and preserving its services. I am grateful to the Advisory Board members for their work, to the community for demanding world-class healthcare, and to the Governor and SUNY Chancellor for committing to implement these recommendations. Downstate has been there for Central Brooklyn in our hour of need, and we will always work to protect and strengthen Downstate.”

    Senator Kristen Gonzalez said, “For decades, marginalized communities have been forced to accept crumbling infrastructure and underfunded care. This $1 Billion investment in SUNY Downstate is a people-powered win, driven by community voices, labor, and public health advocates fighting for what we deserve: high-quality, publicly funded care that puts patients and workers first. Thank you to the Governor for her work with the Advisory Board and her commitment to increasing funding for healthcare access with our state legislature. We look forward to seeing shovels in the ground.”

    Assemblymember Maritza Davila said, “I commend Governor Hochul for this historic $1 billion investment in SUNY Downstate Hospital. This commitment ensures that Brooklyn retains access to critical inpatient and outpatient services while advancing health equity through long-overdue infrastructure upgrades. As teaching hospital that provides staffing for hospitals all over Brooklyn and beyond, it is vital to keep SUNY Downstate as a full-service hospital.”

    Embedded Flickr Album

    Assemblymember Rodneyse Bichotte Hermelyn said, “SUNY Downstate was founded 165 years ago, and served as a vital healthcare institution and safety-net hospital, helping over 300,000 Brooklynites annually, regardless of their ability to pay. In recent years, our borough’s only academic medical center kept trying to provide innovative, high-quality-care for all, while its 19th century infrastructure crumbled; putting the Downstate Hospital in serious peril; while leaving our most vulnerable constituents with next-to-nothing for healthcare. Gov. Hochul took decisive action, when other leaders swept this problem under the rug, and worked with the Brooklyn Delegation and our communities to deliver a one billion-dollar solution ensuring a bright future for SUNY Downstate and the Brooklynites who depend on it. Thank you to the Advisory Board for providing a blueprint to revitalize SUNY Downstate into a world-class, state-of-the-art health center that will truly save the lives of Brooklynites today and for decades to come.”

    Assemblymember Jo Ann Simon said, “The historic $1 billion investment in SUNY Downstate ensures what the community has long fought for: a full-service state hospital that meets the needs of the people it serves. I’m proud that community leaders, along with the Downstate Advisory Board and Governor Hochul, shaped a plan that centers around patient care, preserves vital services, and invests in health equity. This is a critical step forward, and we will continue working to ensure that the voices of patients, workers, and neighbors remain at the forefront.”

    Assemblymember Latrice Walker said, “The release of the Downstate Community Advisory Board’s proposal for the reinvestment of more than $1 billion is a victory for the entire Central Brooklyn community, including the constituents of my district who rely on SUNY Downstate Hospital. I’d like to thank all the people who have fought so hard to get us to this point. That includes advocates, lawmakers, union leaders, and members of the faith and medical communities. And, of course, we would not be at this critical juncture without the leadership of Gov. Kathy Hochul and SUNY Chancellor John King. The proposal, which follows months of community input, retains kidney transplant and maternity services – which are priorities for my community, as we battle high rates of diabetes and fight for better Black maternal health outcomes. I look forward to the modernization of the emergency department, infrastructure upgrades and many other improvements stemming from the proposal. We have collectively struck a decisive blow in the ongoing effort to combat health disparities in Brooklyn communities of color. The quality of one’s care should not be determined by zip code.”

    Assemblymember Jamie Williams said, “I’m glad to see the governor securing an additional $1 billion for SUNY Downstate’s Hospital. This critical investment will allow for much-needed infrastructure repairs and upgrades, and support for the wide variety of programs SUNY Downstate offers patients throughout New York City. I applaud the governor and look forward to seeing the benefits this investment in our healthcare system will have on our communities.”

    Assemblymember Robert Carroll said, “I was proud to join my colleagues in voting to invest in SUNY Downstate in the State’s budget and commend Governor Hochul for the commitment of $1 billion in total as recommended by the SUNY Downstate Advisory Board. With this investment we are ensuring the modernization and sustainability of this institution, which is vital to the health and wellbeing of Brooklyn’s diverse communities and an important center for medical education and research.”

    Assemblymember Stefani Zinerman said, “This $1 billion investment in SUNY Downstate will help close longstanding health equity gaps, preserve critical medical services, and strengthen a trusted institution that trains the next generation of healthcare professionals,” said Assemblymember Stefani L. Zinerman (56th District). “Central Brooklyn owes a debt of gratitude to the unions, healthcare workers, clergy, and community leaders who fought tirelessly for a plan that will serve our families for generations to come.”

    Assemblymember Brian Cunningham said, “This is what it looks like when government shows up for neighborhoods too often left behind. This $1 billion reinvestment in SUNY Downstate reflects the power of advocacy, partnership, and persistence. I am proud to have stood alongside Governor Hochul and the community to help deliver the resources this hospital has needed for far too long.”

    Assemblymember Monique Chandler-Waterman said, “For decades, SUNY Downstate’s University Hospital has served as a lifeline—providing critical care, training for our next generation of healthcare professionals, and anchoring the wellbeing of communities that have historically been underserved, but this historic investment will shift the trajectory for healthcare in our state, in unprecedented ways. With this investment, we are making a bold commitment in people and in the future of our public health system, while providing access that transcends zipcodes. Thank you to Governor Hochul for working with us to secure an allocation of over $1 billion to support significant infrastructure improvements and the overall modernization of this institution that we have advocated for, for much time.

    New York City Council Member Farah N. Louis said, “I wholeheartedly applaud Governor Hochul for this historic and transformative $1 billion investment in SUNY Downstate Medical Center—a bold commitment that demonstrates extraordinary leadership and responsiveness to the urgent needs of Central Brooklyn residents. Knowing that this funding will restore full inpatient and outpatient care over 200 beds is a massive achievement in our fight to save this institution. As our community continues to advocate for a transformative and responsive investment, I am proud that our concerns were heard to bring modernized facilities and high-quality services to the working-class families of Central Brooklyn. Governor Hochul listened to the needs of our neighborhoods and I look forward to the strengthening of this essential institution.”

    New York City Council Member Mercedes Narcisse said, “This $1 billion investment and the restoration of 225 beds are crucial steps in ensuring Downstate stays open and continues to serve our community. I am deeply grateful to Governor Hochul for her leadership and unwavering commitment to preserving this essential healthcare institution in Central Brooklyn. By implementing the majority of the Downstate Community Advisory Board’s recommendations, we are listening to those who know best and ensuring a brighter, healthier future for all who rely on Downstate.”

    Bishop Orlando Findlayter said, “We’ve seen private hospitals across the city close or limit services in recent years, which has been a rising threat to the healthcare of New Yorkers in underserved communities. But thanks to leadership from the Governor and our local community, Downstate will ensure the long-term commitment of all existing inpatient and outpatient services, and will serve as a beacon of care and community.”

    To review the Executive Summary Slides click here. For more information please visit downstateadvisoryboard.org/.

    MIL OSI USA News –

  • MIL-OSI Europe: Protecting the Northern Sea Route from Conflict and Overexploitation

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Press conference by M. Emmanuel Macron, President of the Republic (excerpts)¹ (Nuuk, June 15, 2025)

    (Check against delivery)

    (…)

    GREENLAND

    THE PRESIDENT – Mr Prime Minister, ladies and gentlemen, let me first thank the Greenlandese authorities for their warm welcome. And let me thank you, Madam Prime Minister, for having organized this trip a few weeks after the State visit of your king and your queen to France. (…)

    In the current situation, Greenland has been put back at the centre of geopolitical challenges, and the Arctic’s peaceful, scientific calling is today under threat. Due to its strategic positioning within the Arctic region and its natural resources, the Kingdom of Denmark’s autonomous territory has become a coveted space and the focus of predatory ambitions. (…) I want to begin by sending a message of Europe’s solidarity and France’s support for Denmark, Greenland and the people of Greenland; a message of respect for your sovereignty and respect for your choices – choices on security, economic and social development and the sustainable management of natural resources; a message of support for your territorial integrity and for the inviolability of your borders, which are not negotiable.

    Together with its European Union partners, France will continue to uphold its principles according to the United Nations Charter. (…) In a few words, everybody thinks – in France, in the European Union – that Greenland is not to be sold, not to be taken. We had very fruitful exchanges with Mr Prime Minister and Madam Prime Minister about strategic issues in the Arctic, and obviously security and the posture of our great challengers, Russia and China, the increasing cooperation between these two powers in the region and elsewhere, and the fact that we want to clearly stand with you in order to face these challenges. And France is ready to increase its cooperation with the seven allies of the Arctic, especially in the framework of the Arctic Council and in the framework of the NB8, the eight Nordic and Baltic countries. And clearly NATO is a place where this coordination and interoperability is seriously organized. (…)

    I reminded your authorities that France is ready to do more with you in terms of security, the economy and education and to help develop concrete projects on the ground, be it hydroelectric power or other projects. I also told the two prime ministers of our proposal to open a consulate general here in Nuuk. (…) A few minutes ago we saw very clearly together the direct impact of climate change here as well. And let me tell you that, facing these challenges, we are ready as well to do much more together. The new maritime route in the new northern sea routes should be preserved, and the region should be preserved, as well, from any type of conflictuality and any type of over-exploitations by other powers. (…)

    Ten years after the Paris Agreement, we see here very clearly that we have to follow up our efforts and to do much more again, together. (…) France is indeed ready to strengthen its scientific and academic cooperation, particularly with regard to studying the long-term impact of global warming in the Arctic. (…)

    Finally, the European Union has also had a presence in Greenland for a long time. Europe is ready to support Greenland’s economic and social development, whether it concerns decarbonized energy, infrastructure, education, sustainable fisheries or critical raw materials. That’s the purpose of the strategic partnership signed in 2023 between the European Union and Greenland, which should enable us to develop sustainable value chains in the strategic raw materials sector; we’d now like to speed up the implementation of this project. (…)

    The situation in Greenland is clearly a wake-up call for all the Europeans. And let me tell you very directly that you are not alone. And when a strategic message is sent to you, I want just for you to know that it’s clearly perceived by the Europeans as targeting a European land. And this flag you have here is our common flag. And we know our common values, and we know our long-standing choices. And this is why it’s very important for French people and all the European people to convey very clearly this message of solidarity and the fact that we stand with you now, for today and for tomorrow. (…)

    Long live Greenland! Long live Denmark! Long live the friendship between Denmark and France, and long live Europe! (…)

    How will this visit to Greenland affect your conversation with Donald Trump at the G7?

    THE PRESIDENT – Look, I informed him about this trip, and I think it makes clear that the Europeans are ready to face the challenges we are and we have here, meaning climate change, economic development and strategic challenges, but at the same time it provides a message that we are ready, all of us, to take our responsibilities in a respectful and cooperative way. (…) And I’m optimistic, because I think there is a way forward in order to clearly build a better future in cooperation and not in provocation or confrontation. (…)

    G7/UKRAINE/MIDDLE EAST

    We were talking a moment ago about the G7, which gets under way in a few hours, in the middle of a war, in the middle of a conflict between Israel and Iran. What do you think the G7 countries can do? Donald Trump has said he’s open to President Putin mediating. What do you think?

    THE PRESIDENT – (…) We must talk about the two major conflicts, the Middle East and Ukraine. And for me, the G7 must aim to bring everyone back together, and therefore, for Ukraine, secure as soon as possible a ceasefire that allows a robust, lasting peace to be built. So I think it’s a question of whether President Trump is prepared to put forward much tougher sanctions against Russia if it refuses to respond to the proposal he made several months ago now and which President Zelenskyy responded to in March. So this is one of the points we’ll be discussing a few days before the NATO summit. And for me, that forum is also the one in which we Europeans must re-engage with the Americans and our other Canadian and Japanese allies, whose great steadfastness and great solidarity regarding the Ukraine conflict I want to highlight here.

    On the Middle East, I believe we’re all united on one position. No one wants to see Iran acquire nuclear weapons, but everyone would like the discussions and negotiations to resume. And here too, the United States of America has a genuine ability to get everyone back round the table, given that, along with the Europeans, it’s an important protagonist in any nuclear agreement, and above all, Israel’s dependence on American weapons and ammunition gives the US an ability to negotiate. I don’t believe that Russia, which is today engaged in a high-intensity conflict and has decided not to adhere to the United Nations Charter for several years now, can be a mediator in any way. I think it’s our collective responsibility to try and re-engage as soon as possible and, first of all, prevent any escalation and get all the protagonists back around the negotiating table. (…)

    ISRAEL/IRAN/GAZA

    On Friday you emphasized Israel’s right to defend itself; you even said that France was prepared to contribute to Israel’s defence. Can you tell us if France has helped Israel in any kind of way since Friday, and if it intends to do so in the coming days? And aren’t you afraid that by backing these Israeli strikes in Iran, France is helping to encourage a scenario similar to what we’ve experienced in Gaza, i.e. a very bloody escalation?

    THE PRESIDENT – I very clearly said on Friday that France was worried about nuclear proliferation, about the IAEA’s report and Iran’s ongoing nuclear activities, and that Iran constitutes a very clear, existential threat for Israel, given what the Iranian regime is saying every day, but [also] a threat for the whole region and even us, because Iran’s activity programme, its ballistic programme and its nuclear programme are threats. But that doesn’t mean I’ve backed anything, and I also said very clearly that France didn’t take part in the operations conducted on 13 June or the following days. And I repeated that France’s position was clear and consistent.

    We believe that these issues – i.e. ballistic and nuclear proliferation – must be resolved around a negotiating table in an international framework and must then lead to monitoring ensured by the relevant international agencies. So we’re calling for all parties involved to return to discussions as soon as possible and for no escalation to be carried out. We haven’t contributed to any defensive operation since then, because haven’t been asked to, and I was able to give my opinion and talk to Prime Minister Netanyahu and Iran’s President Pezeshkian yesterday, and President Trump, and convey exactly the same messages, i.e. urge a resumption of discussions as swiftly as possible on the nuclear and ballistic issue, call for all strikes to be stopped as soon as possible, wherever they come from, and resolve the issue of collective security as soon as possible.

    Finally, I repeated on both Friday and Saturday to all the protagonists how what is happening today, and is obviously worrying us all a great deal in the region, mustn’t make us forget the situation in Gaza. The ceasefire is an imperative. The humanitarian situation is unacceptable. So we’ve absolutely got to secure a ceasefire, get all the hostages released and resume humanitarian aid in Gaza. (…)./.

    ¹M. Macron spoke in French and English.

    MIL OSI Europe News –

  • MIL-OSI Europe: Protecting the Northern Sea Route from Conflict and Overexploitation

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Press conference by M. Emmanuel Macron, President of the Republic (excerpts)¹ (Nuuk, June 15, 2025)

    (Check against delivery)

    (…)

    GREENLAND

    THE PRESIDENT – Mr Prime Minister, ladies and gentlemen, let me first thank the Greenlandese authorities for their warm welcome. And let me thank you, Madam Prime Minister, for having organized this trip a few weeks after the State visit of your king and your queen to France. (…)

    In the current situation, Greenland has been put back at the centre of geopolitical challenges, and the Arctic’s peaceful, scientific calling is today under threat. Due to its strategic positioning within the Arctic region and its natural resources, the Kingdom of Denmark’s autonomous territory has become a coveted space and the focus of predatory ambitions. (…) I want to begin by sending a message of Europe’s solidarity and France’s support for Denmark, Greenland and the people of Greenland; a message of respect for your sovereignty and respect for your choices – choices on security, economic and social development and the sustainable management of natural resources; a message of support for your territorial integrity and for the inviolability of your borders, which are not negotiable.

    Together with its European Union partners, France will continue to uphold its principles according to the United Nations Charter. (…) In a few words, everybody thinks – in France, in the European Union – that Greenland is not to be sold, not to be taken. We had very fruitful exchanges with Mr Prime Minister and Madam Prime Minister about strategic issues in the Arctic, and obviously security and the posture of our great challengers, Russia and China, the increasing cooperation between these two powers in the region and elsewhere, and the fact that we want to clearly stand with you in order to face these challenges. And France is ready to increase its cooperation with the seven allies of the Arctic, especially in the framework of the Arctic Council and in the framework of the NB8, the eight Nordic and Baltic countries. And clearly NATO is a place where this coordination and interoperability is seriously organized. (…)

    I reminded your authorities that France is ready to do more with you in terms of security, the economy and education and to help develop concrete projects on the ground, be it hydroelectric power or other projects. I also told the two prime ministers of our proposal to open a consulate general here in Nuuk. (…) A few minutes ago we saw very clearly together the direct impact of climate change here as well. And let me tell you that, facing these challenges, we are ready as well to do much more together. The new maritime route in the new northern sea routes should be preserved, and the region should be preserved, as well, from any type of conflictuality and any type of over-exploitations by other powers. (…)

    Ten years after the Paris Agreement, we see here very clearly that we have to follow up our efforts and to do much more again, together. (…) France is indeed ready to strengthen its scientific and academic cooperation, particularly with regard to studying the long-term impact of global warming in the Arctic. (…)

    Finally, the European Union has also had a presence in Greenland for a long time. Europe is ready to support Greenland’s economic and social development, whether it concerns decarbonized energy, infrastructure, education, sustainable fisheries or critical raw materials. That’s the purpose of the strategic partnership signed in 2023 between the European Union and Greenland, which should enable us to develop sustainable value chains in the strategic raw materials sector; we’d now like to speed up the implementation of this project. (…)

    The situation in Greenland is clearly a wake-up call for all the Europeans. And let me tell you very directly that you are not alone. And when a strategic message is sent to you, I want just for you to know that it’s clearly perceived by the Europeans as targeting a European land. And this flag you have here is our common flag. And we know our common values, and we know our long-standing choices. And this is why it’s very important for French people and all the European people to convey very clearly this message of solidarity and the fact that we stand with you now, for today and for tomorrow. (…)

    Long live Greenland! Long live Denmark! Long live the friendship between Denmark and France, and long live Europe! (…)

    How will this visit to Greenland affect your conversation with Donald Trump at the G7?

    THE PRESIDENT – Look, I informed him about this trip, and I think it makes clear that the Europeans are ready to face the challenges we are and we have here, meaning climate change, economic development and strategic challenges, but at the same time it provides a message that we are ready, all of us, to take our responsibilities in a respectful and cooperative way. (…) And I’m optimistic, because I think there is a way forward in order to clearly build a better future in cooperation and not in provocation or confrontation. (…)

    G7/UKRAINE/MIDDLE EAST

    We were talking a moment ago about the G7, which gets under way in a few hours, in the middle of a war, in the middle of a conflict between Israel and Iran. What do you think the G7 countries can do? Donald Trump has said he’s open to President Putin mediating. What do you think?

    THE PRESIDENT – (…) We must talk about the two major conflicts, the Middle East and Ukraine. And for me, the G7 must aim to bring everyone back together, and therefore, for Ukraine, secure as soon as possible a ceasefire that allows a robust, lasting peace to be built. So I think it’s a question of whether President Trump is prepared to put forward much tougher sanctions against Russia if it refuses to respond to the proposal he made several months ago now and which President Zelenskyy responded to in March. So this is one of the points we’ll be discussing a few days before the NATO summit. And for me, that forum is also the one in which we Europeans must re-engage with the Americans and our other Canadian and Japanese allies, whose great steadfastness and great solidarity regarding the Ukraine conflict I want to highlight here.

    On the Middle East, I believe we’re all united on one position. No one wants to see Iran acquire nuclear weapons, but everyone would like the discussions and negotiations to resume. And here too, the United States of America has a genuine ability to get everyone back round the table, given that, along with the Europeans, it’s an important protagonist in any nuclear agreement, and above all, Israel’s dependence on American weapons and ammunition gives the US an ability to negotiate. I don’t believe that Russia, which is today engaged in a high-intensity conflict and has decided not to adhere to the United Nations Charter for several years now, can be a mediator in any way. I think it’s our collective responsibility to try and re-engage as soon as possible and, first of all, prevent any escalation and get all the protagonists back around the negotiating table. (…)

    ISRAEL/IRAN/GAZA

    On Friday you emphasized Israel’s right to defend itself; you even said that France was prepared to contribute to Israel’s defence. Can you tell us if France has helped Israel in any kind of way since Friday, and if it intends to do so in the coming days? And aren’t you afraid that by backing these Israeli strikes in Iran, France is helping to encourage a scenario similar to what we’ve experienced in Gaza, i.e. a very bloody escalation?

    THE PRESIDENT – I very clearly said on Friday that France was worried about nuclear proliferation, about the IAEA’s report and Iran’s ongoing nuclear activities, and that Iran constitutes a very clear, existential threat for Israel, given what the Iranian regime is saying every day, but [also] a threat for the whole region and even us, because Iran’s activity programme, its ballistic programme and its nuclear programme are threats. But that doesn’t mean I’ve backed anything, and I also said very clearly that France didn’t take part in the operations conducted on 13 June or the following days. And I repeated that France’s position was clear and consistent.

    We believe that these issues – i.e. ballistic and nuclear proliferation – must be resolved around a negotiating table in an international framework and must then lead to monitoring ensured by the relevant international agencies. So we’re calling for all parties involved to return to discussions as soon as possible and for no escalation to be carried out. We haven’t contributed to any defensive operation since then, because haven’t been asked to, and I was able to give my opinion and talk to Prime Minister Netanyahu and Iran’s President Pezeshkian yesterday, and President Trump, and convey exactly the same messages, i.e. urge a resumption of discussions as swiftly as possible on the nuclear and ballistic issue, call for all strikes to be stopped as soon as possible, wherever they come from, and resolve the issue of collective security as soon as possible.

    Finally, I repeated on both Friday and Saturday to all the protagonists how what is happening today, and is obviously worrying us all a great deal in the region, mustn’t make us forget the situation in Gaza. The ceasefire is an imperative. The humanitarian situation is unacceptable. So we’ve absolutely got to secure a ceasefire, get all the hostages released and resume humanitarian aid in Gaza. (…)./.

    ¹M. Macron spoke in French and English.

    MIL OSI Europe News –

  • MIL-OSI USA: SPC Tornado Watch 429

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL9

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 429
    NWS Storm Prediction Center Norman OK
    340 PM CDT Tue Jun 17 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Southern Kansas
    Northern Oklahoma
    Northeast Texas Panhandle

    * Effective this Tuesday afternoon and evening from 340 PM until
    1000 PM CDT.

    * Primary threats include…
    A couple tornadoes possible
    Scattered damaging winds and isolated significant gusts to 75
    mph likely
    Scattered large hail and isolated very large hail events to 3
    inches in diameter likely

    SUMMARY…Thunderstorms are expected to rapidly develop this
    afternoon along an axis from the northeast Texas Panhandle into
    southeast Kansas. Supercell thunderstorms are expected with a risk
    of very large hail, damaging winds, and a few tornadoes.

    The tornado watch area is approximately along and 70 statute miles
    north and south of a line from 110 miles west southwest of Alva OK
    to 10 miles southeast of Chanute KS. For a complete depiction of the
    watch see the associated watch outline update (WOUS64 KWNS WOU9).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 428…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 3 inches. Extreme turbulence and surface wind
    gusts to 65 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 28030.

    …Hart

    SEL9

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 429
    NWS Storm Prediction Center Norman OK
    340 PM CDT Tue Jun 17 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Southern Kansas
    Northern Oklahoma
    Northeast Texas Panhandle

    * Effective this Tuesday afternoon and evening from 340 PM until
    1000 PM CDT.

    * Primary threats include…
    A couple tornadoes possible
    Scattered damaging winds and isolated significant gusts to 75
    mph likely
    Scattered large hail and isolated very large hail events to 3
    inches in diameter likely

    SUMMARY…Thunderstorms are expected to rapidly develop this
    afternoon along an axis from the northeast Texas Panhandle into
    southeast Kansas. Supercell thunderstorms are expected with a risk
    of very large hail, damaging winds, and a few tornadoes.

    The tornado watch area is approximately along and 70 statute miles
    north and south of a line from 110 miles west southwest of Alva OK
    to 10 miles southeast of Chanute KS. For a complete depiction of the
    watch see the associated watch outline update (WOUS64 KWNS WOU9).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 428…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 3 inches. Extreme turbulence and surface wind
    gusts to 65 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 28030.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW9
    WW 429 TORNADO KS OK TX 172040Z – 180300Z
    AXIS..70 STATUTE MILES NORTH AND SOUTH OF LINE..
    110WSW AVK/ALVA OK/ – 10SE CNU/CHANUTE KS/
    ..AVIATION COORDS.. 60NM N/S /32WSW MMB – 26NNW OSW/
    HAIL SURFACE AND ALOFT..3 INCHES. WIND GUSTS..65 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 28030.

    LAT…LON 37160049 38589535 36559535 35130049

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU9.

    Watch 429 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Mod (40%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (20%)

    Wind

    Probability of 10 or more severe wind events

    High (70%)

    Probability of 1 or more wind events > 65 knots

    High (70%)

    Hail

    Probability of 10 or more severe hail events

    High (70%)

    Probability of 1 or more hailstones > 2 inches

    Mod (60%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (>95%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

  • MIL-OSI: BitMine Immersion Technologies, Inc. Completes Bitcoin Purchases from Proceeds of Offering, Now Owns 154.167 Total BTC

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — BitMine Immersion Technologies, Inc. (“BitMine” and the “Company”) (NYSE American: BMNR), a technology company focused on the accumulation of Bitcoin for long-term investment, whether acquired by their Bitcoin mining operations or from the proceeds of capital raising transactions, today announced that it has completed all purchases of Bitcoin for its treasury from the proceeds of BitMine’s recent offering of shares of common stock, which closed on Friday, June 6, 2025 The net proceeds to the Company from the offering after deducting fees and expenses was approximately $16.340 million, and the Company spent $16.347 million to buy 154.167 Bitcoin at an average price of $106,033.

    Jonathan Bates, BitMine CEO, stated, “We are very excited to establish our Bitcoin Treasury and fulfill our commitment to invest 100% of the transaction proceeds into Bitcoin.”

    About BitMine

    BitMine is a Bitcoin Network Company with a focus on the accumulation of Bitcoin for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine’s operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.

    Forward Looking Statements

    This press release contains statements that constitute “forward-looking statements.” The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding the potential benefits of the uses of proceeds of the Company’s recent offering and future business plans. In evaluating these forward-looking statements, you should consider various factors, including BitMine’s ability to keep pace with new technology and changing market needs; BitMine’s ability to finance its current business and proposed future business; the competitive environment of BitMine’s business; and the future value of Bitcoin. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine’s control, including those set forth in the Risk Factors section of BitMine’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 3, 2025, as well as any other SEC filings, as amended or updated from time to time. Copies of BitMine’s filings with the SEC are available on the SEC’s website at www.sec.gov. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    Jonathan Bates, Chairman and CEO

    info@bitminetech.io

    The MIL Network –

  • MIL-OSI Canada: Kananaskis Common Vision for the Future of Quantum Technologies

    Source: Government of Canada – Prime Minister

    We, the Leaders of the G7, recognize that quantum technologies – which include computing, sensing and communications – have the potential to bring significant and transformative benefits to societies worldwide. Significant R&D breakthroughs over the past decade mean that these technologies are now poised to create economic and social benefits in sectors such as finance, communication, transport, energy, health and agriculture while addressing global challenges. They could also have far-reaching implications for national and international security, as they enable new defence capabilities and threaten current data protection systems. 

    We acknowledge that achieving quantum technologies’ full potential will require international collaboration between governments, researchers and industry to mobilize investments and optimize resources; advance research and commercialization; secure supply chains; facilitate access to infrastructure, talent and markets; align adoption with shared interests and values; and create a trusted ecosystem to manage risks and unleash innovation. 

    To this end, we commit to: 

    1. Promote public and private investment in quantum science and technology R&D, responsible innovation and commercialization; and support partnerships between researchers, industry and other stakeholders to accelerate commercialization and attract private investment.
    2. Promote the development and adoption of beneficial applications of quantum technologies in a variety of sectors, including those developed by small and medium sized enterprises.
    3. Support opportunities for all stakeholders to meaningfully participate as creators, stakeholders, leaders and decision-makers at all stages of the research, development and implementation of quantum technologies.
    4. Support initiatives, exchange best practices and promote workforce development policies for all, including women as well as communities left behind by globalization, to equip individuals with the skills needed for new jobs in the quantum sector. These include apprenticeships; science, technology, engineering and mathematics (STEM) and computer science education; and mentorship.
    5. Support an open and fair market environment and trusted ecosystem among like-minded partners through measures such as international exchanges between academia and industry, preventing the leakage of sensitive technologies, protecting intellectual property rights, and promoting greater interoperability.
    6. Promote trust in quantum technologies through public and international dialogues, based on scientific expertise and aligned with democratic values, freedom and fundamental rights, recognizing that, at this early stage of innovation, a global regulatory framework is not yet appropriate.
    7. Increase understanding of risks associated with quantum technologies across different sectors; secure quantum supply chains; ensure the security and integrity of research; and promote the timely adoption of quantum-resilient security measures and solutions for protecting data and communications networks.
    8. Intensify collaboration between trusted national measurement institutes, including via the NMI-Q initiative, to drive forward essential measurement and testing work amongst likeminded partners.
    9. Collaborate through a G7 Joint Working Group on Quantum Technologies, with industry, experts and academia to inform cooperation on research, development and commercialization including through voluntary joint calls for projects between different members; advance policy dialogues on approaches to innovation and adoption; and assess the potential societal impacts of these technologies as they progress towards commercial and defense applications. 

    In this International Year of Quantum Science and Technology, we will work together and with likeminded partners to make concrete progress on this agenda.

    MIL OSI Canada News –

  • MIL-OSI Canada: G7 Leaders’ Statement on Transnational Repression

    Source: Government of Canada – Prime Minister

    We, the Leaders of the G7, are deeply concerned by growing reports of transnational repression (TNR). TNR is an aggressive form of foreign interference whereby states or their proxies attempt to intimidate, harass, harm or coerce individuals or communities outside their borders. 

    TNR undermines national security, state sovereignty, the safety and human rights of victims, and principles of international law. It has a chilling effect in our countries. TNR often impacts dissidents, journalists, human rights defenders, religious minorities, and those identified as part of diaspora communities.

    We condemn all acts of TNR including but not limited to those involving: 

    • Threats or acts of physical violence such as harassment, assault, abduction or assassination;
    • Misuse of cooperation with other foreign states, international bodies and intergovernmental organizations, in order to detain, forcibly return, or repress targets, such as leveraging extraterritorial law application and counterterrorism and investigative tools;
    • Forced return by confiscating passports, invalidating documents, or denying consular services;
    • Digital transnational repression, such as doxing and sexualized smear campaigns particularly targeting women, to induce compliance, silence, threaten, discredit, or retaliate;
    • Misuse of spyware and cyber tools to engage in surveillance, and to enable physical targeting and tracking, hacking, or cyber harassment; and
    • Direct or implicit threats against family members. 

    We also remain seized of threats by foreign states and their proxies to our citizens outside our borders, such as arbitrary detention.

    We recognize the important role played by all partners, including civil society, academia and the private sector, in countering this threat. We welcome the recommendations for action emanating from the G7 multistakeholder Dialogue on Transnational Repression, hosted in Ottawa in February 2025, to develop concrete strategies for protecting those who are targeted.

    Building on the 2018 Charlevoix commitment on defending democracy from foreign threats, and these recommendations, we, the Leaders of the G7, commit to foster a common understanding of TNR, raise awareness, and promote accountability to increase the costs for those who engage in acts of TNR. As part of these efforts, we intend to: 

    • Build global understanding of the threat and its corrosive impact, including on human rights and democracy; this includes reporting on TNR as an important vector of foreign interference in G7 Rapid Response Mechanism (RRM) public reports, and strengthening engagement with likeminded partners and engaging more broadly in relevant multilateral fora.
    • Develop a TNR Resilience and Response Framework that includes: measures to boost G7 cooperation to counter TNR; a compendium of operational, diplomatic, policy, legislative, and community engagement best practices; and information sharing around the latest techniques, trends and vectors of TNR observed globally, drawing on wider initiatives such as the Pall Mall process related to cyber intrusion capabilities.
    • Launch a Digital TNR Detection Academy through the G7 RRM to build collective capacity to detect TNR online; the Academy will provide G7 and partners with the technical skills and tools for identifying and responding to the latest technology-enabled threats.
    • Support those who may be targets of TNR as well as members of civil society who are actively working to counter the threat, including through initiatives like the Canada-UK Common Good Cyber Fund, and by acting in solidarity with other states affected by TNR.  

    We will redouble our efforts to keep our communities safe, to defend human rights, including the freedom of expression online and offline, and to safeguard our sovereignty.

    MIL OSI Canada News –

  • MIL-OSI Canada: G7 Leaders’ Statement on AI for Prosperity

    Source: Government of Canada – Prime Minister

    We, the Leaders of the G7, recognize the potential of a human-centric approach to artificial intelligence (AI) to grow prosperity, benefit societies and address pressing global challenges. To realize this potential, we must better drive innovation and adoption of secure, responsible, and trustworthy AI that benefits people, mitigates negative externalities, and promotes our national security. We will power AI now and into the future. And we will work with emerging market and developing country partners to close digital divides, in line with the United Nations Global Digital Compact. 

    We must seize the potential of AI in our public sectors to drive efficiency and better serve our publics. We also recognize that small and medium-sized enterprises (SMEs), including microenterprises, are the backbone of our economies, driving growth and creating jobs. In 2024, we committed to work together to help SMEs adopt and develop new technologies, including AI, to accelerate broad-based growth. We also committed to fully leverage the potential of AI to enable decent work while addressing challenges for our labour markets. We reiterate the importance of operationalizing Data Free Flow with Trust (DFFT) through trustworthy, cross-border data flows, and affirm its value in enabling trusted AI development and use. We recognized the transformative impact of AI for the cultural and creative sectors, including challenges to business models and job security, and opportunities to boost innovation. 

    We recognize that increased AI adoption will place growing pressure on our energy grids, produce negative externalities and have implications for energy security, resilience and affordability. At the same time, AI can be harnessed to promote energy innovation and bolster the resilience and reliability of our energy systems. 

    We hear the concerns of emerging market and developing country partners about the challenges they face in building resilient AI ecosystems, including the risks of disruption and exclusion from today’s technological revolution. 

    To fully realize the potential of AI for our publics and our partners, we commit to: 

    Work together to accelerate adoption of AI in the public sector to enhance the quality of public services for both citizens and businesses and increase government efficiency while respecting human rights and privacy, as well as promoting transparency, fairness, and accountability. 

    • To this end, Canada as G7 presidency is launching the G7 GovAI Grand Challenge and will host a series of “Rapid Solution Labs” to develop innovative and scalable solutions to the barriers we face in adopting AI in the public sector.
    • We will leverage our existing government AI expertise to establish a G7 AI Network (GAIN) to advance the Grand Challenge; develop a roadmap to scale successful AI projects; and create a catalogue of open-source and shareable AI solutions for members. GAIN will collaborate to ensure that AI solutions in government have measurable and real benefits for our communities.
    • We task relevant Ministers to explore strategic investments for accelerating public sector AI adoption in transformative ways, including for large language models and digital infrastructure. 

    Promote economic prosperity by supporting SMEs to adopt and develop AI that respects personal data and intellectual property rights, and strengthen their readiness, efficiency, productivity and competitiveness. 

    • We launch the G7 AI Adoption Roadmap, which provides clear, actionable pathways for companies to adopt AI and scale their businesses. Through this Roadmap, we commit to: sustain investments in AI adoption programs for SMEs, including supporting access to compute and digital infrastructure; publish a common blueprint for AI adoption by SMEs underpinned by proven use-cases from G7 economies; deepen our cooperation on talent exchange to integrate AI skills within businesses looking to scale; and develop tools that grow business and consumer confidence and trust in AI adoption including by leveraging the outcomes of the Hiroshima AI Process. We will collaborate with international partners, like the Global Partnership on AI, to advance this work.
    • We will build resilient future workforces by preparing workers for AI-driven transitions. To do so, we will advance implementation of the 2024 G7 Action Plan for a human-centered adoption of safe, secure and trustworthy AI in the world of work, including by developing a voluntary compendium of best practices.
    • We will drive economic growth, address talent shortages, and ensure equal opportunity, by encouraging girls, as well as members of communities left behind by globalization, to pursue science, technology, engineering, and mathematics (STEM) education and increasing women’s representation in the AI talent pool at all levels. 

    Meet the energy challenges of AI and harness its potential for advancements in energy efficiency and innovation. 

    • We will cooperate on innovative solutions to address energy challenges across our economies, including for AI and data centres, that support our respective national and international commitments. We will also support innovation that improves the energy and resource efficiency of AI models and optimizes data centre operations. We will advance AI solutions to unlock energy innovation and breakthrough discoveries, including optimization of energy use, and adopt AI to help build secure, resilient, and affordable energy systems and supply chains. We will strive to identify solutions that mitigate negative externalities and generate benefits for people and preserve our natural resources. We will cooperate on knowledge-building and sharing with trusted international partners and promote AI skills and talent development in the energy sector.
    • We task relevant Ministers to advance these commitments by delivering a workplan on AI and energy, before the end of this year, including working with international and industry partners to provide ongoing data analysis.

    Expand mutually beneficial partnerships with emerging markets and developing country partners to increase access to AI for everyone. 

    • We will harness trusted and secure AI technology to promote growth and enable partners to tackle the unique challenges they face. To do this, we will leverage our combined expertise, resources and networks to bridge gaps in AI infrastructure and capacity, invest in locally led AI-enabled innovations, and voluntarily collaborate with local universities to share knowledge and access to AI on mutually agreed terms.
    • We will deliver this by aligning our efforts through initiatives including AI for Development, AI Hub for Sustainable Development, Current AI, FAIR Forward, Hiroshima AI Process Friends Group, AI for Public Good, and others. Interested G7 members plan to strengthen the AI for Development Funders Collaborative. 

    ANNEX: G7 AI ADOPTION ROADMAP 

    We, the Leaders of the G7, recognize the promise of rapidly advancing artificial intelligence (AI) technologies to unlock competitiveness and deliver unprecedented prosperity for the firms, organizations and countries that integrate them into their business processes. We seek to further promote secure, responsible, and trustworthy AI that benefits people, mitigates negative externalities, and promotes our national security. We will do this through advanced AI research, world-class commercial applications, and deep business and policy expertise. We plan to create the conditions for small and medium-sized enterprises (SMEs), including micro-enterprises—the engine of our economies— to access, understand, and adopt AI in ways that drive value and productivity. 

    This roadmap outlines our shared vision and practical steps to help our SMEs move from uncertainty to opportunity—to shift from being AI-aware to being AI-powered. Building on the 2024 Italian Presidency’s report on Driving factors and challenges of AI Adoption and Development among companies, especially micro and small enterprises, we commit to: 

    Accelerate AI Readiness and Competitiveness 

    We intend to double down on AI adoption efforts that connect research to practical applications, helping businesses—especially SMEs—integrate AI technologies that drive productivity, growth and competitiveness. We recognize the need to respect intellectual property rights in enabling these efforts. While we have already taken steps to promote AI adoption, scaling these efforts remains essential, including access to computing resources, expertise, and partnerships to move from AI experimentation to impact. We intend to promote AI adoption programs that, in particular, focus on: 

    • Commercialization support for SMEs and startups, including access to advanced computing infrastructure connectivity and computing resources, facilitating effective use of open and closed source AI models, business mentorship, and targeted support to bridge the gap between academic breakthroughs and industry implementation in order to bring AI-enabled products and services to market;
    • Cross-sector collaboration to facilitate adoption, connecting businesses with AI solutions providers, national AI research institutes, academia, innovation hubs, and clusters to accelerate deployment of AI across the economy;
    • Practical use case development, including easy to implement and existing solutions, showcasing successful applications of AI across sectors and by SMEs to demonstrate return on investment and stimulate wider industry demand; and
    • AI literacy and skills development, ensuring businesses—especially SMEs—have access to the tools and skilled workforce needed to adopt AI confidently and effectively. 

    Develop an AI Adoption Blueprint 

    We intend to deliver an AI Adoption Blueprint that equips governments and businesses with practical tools, evidence-based policy options, and real-world examples to accelerate SME AI integration. This will be a solutions-focused resource, informed by expert-driven, collaborative research activities and workshops, in cooperation with the Organisation for Economic Cooperation and Development (OECD), and drawing on empirical G7 AI trends, adoption initiatives, and frontline SME experiences. The Blueprint will: 

    • Present actionable policy recommendations that governments can choose to implement to lower barriers and build enabling ecosystems for SME AI adoption; and
    • Provide case studies of successful AI integration, offering concrete examples that businesses across sectors and countries can choose to replicate. 

    Expand G7 Talent Exchanges 

    We intend to expand G7 cross-border talent exchanges to connect AI expertise with businesses—including SMEs—accelerating adoption and building a future-ready workforce. We expect to encourage a focus in our initiatives that matches sectoral expertise with the AI competencies needed for impactful adoption. We look to further our cooperation on talent exchange to connect emerging AI research and commercialization expertise from across our world-class talent pool with real-world business needs. To do so, we plan to: 

    • Support AI-focused talent exchanges, including with students from G7 members, specifically targeting Al adoption projects, to bridge research with practical application, developing high-level expertise in critical areas; and,
    • Connect SMEs with AI skilled workers so that they have access to AI capabilities and tools to enhance their operational efficiency and competitiveness. 

    Unlock AI opportunity through trust-building 

    We plan to build on progress achieved under the Japanese and Italian presidencies and leverage the outcomes of the Hiroshima AI Process (HAIP) to foster trust. As AI adoption accelerates, trust remains essential—especially for smaller firms deploying powerful technologies—to provide assurance to customers. We will now translate shared principles into concrete tools for SMEs, with the aim of enabling responsible AI deployment across all sectors and business sizes in a manner that fosters consumer trust and unlocks market opportunities. We will: 

    • Lead multi-stakeholder efforts to identify opportunities and challenges in deploying AI, aligned with the Hiroshima AI Process, in collaboration with SMEs, AI developers, international standards-setting organizations, and Global Partnership on AI members;
    • Publish a toolkit to identify and explain relevant resources for AI deployers; and
    • Raise awareness of the HAIP Code of Conduct Reporting Framework that the OECD is implementing. 

    MIL OSI Canada News –

  • MIL-OSI USA: GROW NC Visits McDowell Tech to Highlight State-Funded Emergency Tuition Grants and Scholarships for Students

    Source: US State of North Carolina

    Headline: GROW NC Visits McDowell Tech to Highlight State-Funded Emergency Tuition Grants and Scholarships for Students

    GROW NC Visits McDowell Tech to Highlight State-Funded Emergency Tuition Grants and Scholarships for Students
    lsaito

    Raleigh, NC

    Today Matt Calabria, Director of the Governor’s Recovery Office for Western North Carolina (GROW NC), met with students and administrators from McDowell Technical Community College to highlight the state’s emergency grant and scholarship programs to help college and university students impacted by Hurricane Helene. So far, more than 45,000 scholarships and grants were awarded to Helene-impacted students and students at Helene-impacted schools.

    “After Hurricane Helene struck western North Carolina, students faced a major disruption to their studies,” said Matt Calabria, Director of GROW NC. “The students I met today from McDowell Tech showed tremendous resilience. We’ve sought to do everything we can to help alleviate some of the financial burdens on students through state-funded emergency grant and scholarship programs.”

    “This investment didn’t just help individuals—it strengthened our entire campus community to Learn, Grow, and Dream, ensuring that local employers can continue to count on a skilled, resilient workforce,” said Dr. James “J.W.” Kelley, McDowell Technical Community College President. “The impact of this support will be felt for years to come in the lives of our students and the vitality of our region.”

    The emergency and tuition grant funding programs were designed to provide financial assistance to students enrolled in the North Carolina Community College System, UNC System, and private universities and colleges. More than $48 million in state funds were directed to scholarships and emergency grants, with nearly half of those funds supporting community college students.

    Thousands of community college students like those at McDowell Tech were able to stay enrolled and continue pursuing their degrees and certificates because of these grants.

    Grants and Scholarships for Western NC Community College Students

    • At least 20,725 community college students from western North Carolina or studying in the region received a total of nearly $23 million in grants and scholarships
    • These funds helped students enrolled in the North Carolina Community College System cover costs related to tuition, fees, and emergency expenses impacting their ability to remain enrolled. 
    Jun 17, 2025

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Defence Secretary RUSI Land Warfare Conference 2025 speech

    Source: United Kingdom – Executive Government & Departments

    Speech

    Defence Secretary RUSI Land Warfare Conference 2025 speech

    Defence Secretary John Healey MP addressed the RUSI Land Warfare Conference on 17 June 2025

    David, thank you very much. Thank you all for inviting me here.

    Under your leadership, this institution RUSI really has gone from strength to strength in your last five years despite your first two years as Chair being that very tough period for us all during Covid.

    So David let me thank you this afternoon, to Rachel and the hugely impressive team here at RUSI, not just for this conference, for hosting us for these two days but also for serving as not just simply a long-standing critical friend to government – yes long standing but much needed critic of the government.

    And really in the way that the world changing the way as it is and defence is changing in the way that it is – I think we need this institution’s expert independent voice to be heard more loudly now than ever.

    So thank you for the work that you have done and thank you all of you involved in RUSI.

    At the outset now perhaps I can take the opportunity to say a few words on the deteriorating situation in the Middle East.

    Because this is a dangerous moment for the entire region. And we as a government have been consistent, clear and strong.

    We have always supported Israel’s right to security and we have had grave concerns about Iran’s nuclear programme.

    And I repeat the call on all sides to show restraint this afternoon.

    Because a diplomatic resolution rather than military action is the only route to lasting stability in the region.

    And in terms of our UK operational response, the military assets including the additional Typhoon jets announced by the Prime Minister have begun arriving – the first wave have already arrived and the rest will follow in coming days.

    And I have ensured that force protection is now at its highest level.

    So this operational response is to protect our personnel, it is to reassure our partners and it is to reinforce the urgent need for de-escalation.

    Returning to today, to your programme – I remember last year’s Land Warfare Conference – I think it was one of if not the first public speech I gave after having the privilege of taking up this job. And it came just a week after the Prime Minister kicked off the Strategic Defence Review.

    And I told you in this room actually back then that it would be a Review that would be done with the Army, and not to the Army.

    And I hope with General Walker giving the SDR what he called his “unequivocal support and commitment” this morning – you’re confidence that we met that promise.

    And some of you in the room here, you were part of dozens of submissions that we had from serving personnel, for which we are really grateful.

    And not just the submissions including formal discussions with senior Army officers but actually I hope you see in the SDR the proposals in the core submissions from the Army have been accepted in the review by the reviewers almost in full.

    And this is an SDR that will transform our Army – transform it to meet the challenges and threats in the decades ahead.

    And it will do so by combining the future technology of drones and AI with the heavy metal of our tanks and artillery to the deter threats we may face.

    Many of you have been around for long enough to have seen previous reviews. Many of you have been around for long enough probably to be thinking – well great promises but we’ve seen so many of these reviews put on shelves and gather dust next to the previous reviews that came before.

    The point that I stress today is that for me and everyone in defence, the ten months of hard work to get to the point where we have launched the SDR is just the start not the end of the work that is needed.

    So our adversaries aren’t hanging around and nor are we.

    And have a plan now in government to make Britain safer, secure at home and strong abroad.

    2.6 per cent of GDP on defence in 2027 as the Chancellor confirmed last week in the Spending Review. This gives us the means to implement the SDR.

    And the SDR is a review, a defence review – the first for a generation – which aims to build out rather than hollow out our armed forces.

    A review that is backed by an ambition to hit 3 per cent of GDP spending in the next parliament. And a review that is matched and underwritten by the prospect of a decade of rising defence investment.

    It will bring big changes to our armed forces.

    You discussed it this afternoon with that top level distinguished panel – the SDR will see an integrated force – greater than the sum of its parts – but that does not mean a lessening the importance of the Army.

    The SDR made promises of an Army that is larger in size and greater in lethality.

    And today, I’ll speak about how I’ll play a role as Defence Secretary alongside General Roly to deliver on those pledges.

    Let me start with what matters most to me and that’s our people.

    To maintain advantage, every Army must evolve with the times. Technologies emerge. Tactics advance but the one thing that stays constant is the need for talent.

    Ultimately, it is people who win, it’s the people who prevail, it’s the people who win wars.

    The British Army has in its ranks some of the finest soldiers the world over.

    But for too long, our Army has been asked to do more with less.

    And like most things in life, building up is actually harder than cutting down.

    But we are acting already to stem the losses that we’ve seen long term in recent years, and while reversing that long-term decline can’t be done overnight – that will take time – but I want the number of full-time soldiers to rise to at least 76,000 into the next parliament.

    And let me set out some of the elements of how we will do that.  

    First, I really don’t recognise the claims that you often hear in the media and from the commentators that somehow the next generation don’t want to fight for their country.

    In the last decade, one million young people applied to join the military. They are the very lifeblood of the Army.

    Every day, young men and women stepping forward in search of the opportunity, the sense of purpose and pride, in search of something greater than they have in their lives at present.

    And yet of that million, more than 3 in 4 simply gave up in large part because of long delays in the process.

    They gave up before they were even recruited or rejected.

    So in response, we’ve set new targets, we’ve scrapped old policies and red tape and we’re starting to turn those numbers around.

    And my pledge to you is that the Army will have the pipeline of people it needs to defend our nation and our nation’s interests.

    And just as we’ll encourage more people to join, we’ll persuade more people to stay. And we’ll do that by renewing the nation’s contract with those who serve and the families who support them as they serve.

    Better pay, better housing, better conditions, better kit.

    The thing that really has troubled me most in the last month was the Continuous Attitude Survey that found that only 1 in 4 service personnel believe that they’re valued by society.

    That has plummeted over the last 12 years. The best way to prove to those people, to our personnel that the nation cares is not just what we say but it’s what we do.

    And that’s why it was important to me that last year we were able to award our service personnel the biggest pay increase for over 20 years. It was important to me that we could follow it up this year with another above inflation pay award.  

    Homes with mould, damp and leaks are a betrayal of their service and we’re starting to put that right.

    We’ve bought back now 36,000 military family homes from a private funds into public control. We’ve pledged an extra £1.5 billion to put into military family homes in this Parliament as part of £7 billion investment that will go into military accommodation in the next few years.

    We’re introducing a new Consumer Charter – the basics that any of us would expect from any home that we occupy, any home that we rent – we’re doing that for our forces families.

    We’re extending Wraparound Childcare to those deployed overseas just to help make family life a little easier.

    We’ve legislated in Parliament for a new independent voice – the Armed Forces Commissioner that will help improve service life and I’m happy to say that from last week applications for that post are now open.

    Me, the ministerial team, General Roly, we all share a determination to make life better for members of our armed forces and the families that support them.

    And in doing so, we will – for the first time in a generation – grow the British Army.

    Warfighting and the welfare of our forces are not in conflict or competition. They go hand in hand.

    We cannot have our soldiers worried about a broken boiler or how they’ll make ends meet if we want the Army’s organising principle to be – as General Roly said – “warfighting at scale”.

    And in a more dangerous world, this is a shift we simply have to make.

    Before I go further, I want to note that at least 15 people were killed and more than 100 injured last night in Kyiv, a grim reminder that whatever else is happening in the world, Putin’s war still rages on eastern flank of Europe.

    Ukrainians are continuing to fight with huge courage – civilians and military alike and I just say to you that the UK and the UK Government’s commitment to those Ukrainians remains as steadfast as it has been from the start and we will stand with the Ukrainian people for as long as it takes.

    We will stand with them and we will work with them and for the purposes of this conference we will also learn from them.

    Because the revolutionary technology in Ukraine – helped by the UK – has been the drone.

    So lethal in force, they’re now killing more people than artillery – the first time Offensive Support has been overtaken since World War One.

    So systemic to strategy and tactics as the invention of the machine gun or to the heavy armour specialists in the audience – the tank.

    So effective in targeting, that the Russian military has swapped armour for motorbikes to evade detection.

    And so maximum in impact that we saw a little over 100 drones destroy or damaged more than 50 of Putin’s strategic bombers in Operation Spider Web.

    This is why the SDR calls for that tenfold increase in the Army’s lethality. Credit must go to Roly for his foresight and his ambition in setting that out.

    He set the ambition. He set the vision. And I’m backing that as Defence Secretary with the funding to deliver it.

    So today I’m announcing and confirming that we from this year will be investing more than £100 million in new, initial funding to develop land drone swarms.

    Our Autonomous Collaborative Platforms will fly alongside the Apache attack helicopters and enhance the Army’s ability to strike, survive and win on the battlefield.

    You’ve seen the vision in the SDR, you’ve heard the plan from Roly earlier – this will be a game-changer. It will be applying the lessons from Ukraine in a world-leading way, it will be putting the UK at the leading edge of innovation in NATO.

    Alongside our ability to move forward with greater combat mass, we’re investing in AI and drones to strike further and faster through Project ASGARD.

    In well under a year, we’ve developed and procured these recce-strike systems that allow our soldiers to connect the sensor to the shooter in record beating time.

    These are systems already tested. These are systems that in part are already in Estonia. These are systems that we plan to deploy in 2027 as part of NATO’s Steadfast Defender Exercise.

    The lessons from ASGARD will inform our new integrated Digital Targeting Web as recommended in the SDR. The SDR has challenged us to develop this over the next two years. And so in order to meet that challenge, I’ve also made the commitment that we will back that by £1 billion of new investment.

    Finally, this isn’t just about the world-leading programmes that I’ve mentioned, but it’s also about embedding drones into our training, in our psyche and in our culture.

    And by doubling spending to £4 billion on uncrewed systems in this Parliament through the SDR and by establishing a new Drone Centre we’ll accelerate the use of uncrewed air systems across all of our services.

    The Army will train thousands of operators on First Person View, Surveillance and Dropper drones.

    This summer, the Army will begin the rollout of 3,000 strike drones followed by a further rollout of over 1,000 surveillance drones.

    And we will equip every Section with a drone.

    And together, this work marks a crucial shift in our deterrence. It sends a clear signal to anyone seeking to do us or our allies harm and sets the pathway to an Army that can indeed be ten times more lethal.

    Let me draw if I may to an end by saying that the British Army has always been a force feared by our adversaries and respected by allies.

    And in this new era of threat, we will be asking more of our soldiers. And it is only right our soldiers expect more of their government.

    In return, they’ll be members of an Army with better pay, with better housing, with better kit. They’ll be members of an Army greater in lethality, greater in size.

    An Army that makes Britain safer – secure at home and strong abroad.

    Updates to this page

    Published 17 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Congresswoman Tenney Leads Resolution Supporting Israel’s Strikes to End Iran’s Nuclear Capabilities

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24), alongside Congressman Brad Sherman (CA-32), introduced a resolution reaffirming the United States’ steadfast support for Israel as it works to dismantle the Islamic Republic of Iran’s nuclear enrichment capabilities and defends its citizens from ongoing Iranian attacks.

    Additional cosponsors of this resolution include Representatives Don Bacon (NE-2), Jeff Van Drew (NJ-5), Josh Gottheimer (NJ-10), Mike Lawler (NY-17), Juan Ciscomani (AZ-6), Chris Smith (NJ-4), Scott Fitzgerald (WI-5), Randy Feenstra (IA-4), Tom Barrett (MI-7), Brian Fitzpatrick (PA-1), Maria Salazar (FL-27), Shri Thanedar (MI-13), Robert Aderholt (AL-4), and Elise Stefanik (NY-21). The resolution was also supported by FDD Action, JINSA, AJC, AIPAC, and Democratic Majority for Israel (DMFI).

    For decades, the Islamic Republic of Iran has actively pursued a nuclear weapons program in direct violation of international agreements while funding terrorism, threatening the existence of Israel, and fueling instability throughout the Middle East. Despite bipartisan diplomatic efforts across multiple U.S. administrations, Iran has consistently obstructed inspections, expelled international monitors, and advanced its uranium enrichment to levels dangerously close to weapons-grade. On Friday, June 13th, the International Atomic Energy Agency declared Iran in breach of its obligations under the Non-Proliferation Treaty.

    This resolution underscores the United States’ full support for Israel’s recent targeted actions to degrade the Islamic Republic of Iran’s nuclear infrastructure,  which protects not only Israel but also the United States and the free world. It reaffirms the vital importance of the U.S.-Israel alliance and makes clear that the pursuit of a nuclear-armed Iran will not be tolerated.

    “This bipartisan resolution reaffirms the United States’ unwavering support for Israel’s right to self-defense and for its bold, courageous efforts to dismantle Iran’s nuclear program once and for all. The U.S.-Israel partnership remains unshakable, and this resolution sends a clear and unified message: we will work together to ensure the Iranian regime is never able to obtain a nuclear weapon,” said Congresswoman Tenney.

    The Islamic Republic of Iran has made clear time and time again its intent to ‘annihilate’ Israel and attack the United States and has funded direct military attacks on Israel and the United States for decades. It’s regrettable that Iran’s decades of violation of the Nuclear Non-Proliferation Treaty (NPT) which it signed has led us to a point where this is necessary. The only thing more dangerous than this war is an Ayatollah with access to nuclear weapons. Israel could not wait until Iran had a stockpile of nuclear weapons ready to be launched,” said Congressman Sherman.

    ###

    MIL OSI USA News –

  • Canadian PM Mark Carney welcomes PM Narendra Modi for G7 summit

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi was on Tuesday welcomed by his Canadian counterpart Mark Carney as the Indian leader arrived for the G7 Outreach Summit.

    Confirming the meeting between Carney and PM Modi at the G7 Summit, the Ministry of External Affairs Spokesperson Randhir Jaiswal on social media platform X said: “Building bridges for global progress and cooperation. PM @MarkJCarney of Canada welcomed PM @narendramodi at the #G7 Summit in Kananaskis, Canada.”

    Earlier, PM Modi met with Mexico President Claudia Sheinbaum, South Korean President Lee Jae Myung, Australian PM Anthony Albanese and South African President Cyril Ramaphosa separately on the sidelines of the G7 Summit.

    These interactions came just weeks after India’s Operation Sindoor, a targeted strike on terror infrastructure in Pakistan and Pakistan-oOcupied Kashmir, following the Pahalgam terror attacks on April 22.

    The MEA said, “At the Summit, the Prime Minister will exchange views with leaders of G-7 countries, other invited outreach countries and Heads of International Organisations on crucial global issues, including energy security, technology and innovation, particularly the AI-energy nexus and Quantum-related issues.”

    Prime Minister Narendra Modi arrived in Calgary on Monday morning to attend the G7 Summit at Kananaskis, his first visit to Canada in a decade.

    He is set to discuss various topics of development, such as energy security, technology and innovation with world leaders.

    PM Modi said he will discuss important global issues and emphasise the priorities of the Global South.

    The Kananaskis gathering on June 16 to 17 is the Prime Minister’s sixth consecutive participation in the G7 Summit.

    Canadian PM Carney had extended an invite to PM Modi in an attempt to rebuild ties after India-Canada relations nosedived following former Prime Minister Justin Trudeau’s allegations on the killing of a Khalistani terrorist.

    In the last few months, the security officials of India and Canada resumed contact and both sides were looking at the possibility of appointing new High Commissioners.

    During his nearly 24-hour stay in Canada, Prime Minister Modi will not only attend the Outreach Session of the Summit but also hold several significant bilateral meetings with various world leaders before leaving for Zagreb early Wednesday, India time.

    The three-nation visit, PM Modi had stated while leaving New Delhi, is also to thank partner countries for their steadfast support to India in its fight against cross-border terrorism, and to galvanise global understanding on tackling terrorism in all its forms and manifestations.

    “Landed in Calgary, Canada, to take part in the G7 Summit. Will be meeting various leaders at the Summit and sharing my thoughts on important global issues. Will also be emphasising the priorities of the Global South,” PM Modi posted on his X handle after arriving in Canada.

    The Group of Seven (G7) is an informal grouping of seven of the world’s advanced economies — France, United States, United Kingdom, Germany, Japan, Italy and Canada and the European Union.

    At the Summit, PM Modi will be interacting with G7 leaders, including French President Emmanuel Macron, UK Prime Minister Keir Starmer, Italian PM Giorgia Meloni, Japanese Prime Minister Shigeru Ishiba, Chancellor Friedrich Merz of Germany and European Commission President Ursula von der Leyen along with Canada’s Prime Minister Mark Carney.

    (With IANS inputs)

  • Canadian PM Mark Carney welcomes PM Narendra Modi for G7 summit

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi was on Tuesday welcomed by his Canadian counterpart Mark Carney as the Indian leader arrived for the G7 Outreach Summit.

    Confirming the meeting between Carney and PM Modi at the G7 Summit, the Ministry of External Affairs Spokesperson Randhir Jaiswal on social media platform X said: “Building bridges for global progress and cooperation. PM @MarkJCarney of Canada welcomed PM @narendramodi at the #G7 Summit in Kananaskis, Canada.”

    Earlier, PM Modi met with Mexico President Claudia Sheinbaum, South Korean President Lee Jae Myung, Australian PM Anthony Albanese and South African President Cyril Ramaphosa separately on the sidelines of the G7 Summit.

    These interactions came just weeks after India’s Operation Sindoor, a targeted strike on terror infrastructure in Pakistan and Pakistan-oOcupied Kashmir, following the Pahalgam terror attacks on April 22.

    The MEA said, “At the Summit, the Prime Minister will exchange views with leaders of G-7 countries, other invited outreach countries and Heads of International Organisations on crucial global issues, including energy security, technology and innovation, particularly the AI-energy nexus and Quantum-related issues.”

    Prime Minister Narendra Modi arrived in Calgary on Monday morning to attend the G7 Summit at Kananaskis, his first visit to Canada in a decade.

    He is set to discuss various topics of development, such as energy security, technology and innovation with world leaders.

    PM Modi said he will discuss important global issues and emphasise the priorities of the Global South.

    The Kananaskis gathering on June 16 to 17 is the Prime Minister’s sixth consecutive participation in the G7 Summit.

    Canadian PM Carney had extended an invite to PM Modi in an attempt to rebuild ties after India-Canada relations nosedived following former Prime Minister Justin Trudeau’s allegations on the killing of a Khalistani terrorist.

    In the last few months, the security officials of India and Canada resumed contact and both sides were looking at the possibility of appointing new High Commissioners.

    During his nearly 24-hour stay in Canada, Prime Minister Modi will not only attend the Outreach Session of the Summit but also hold several significant bilateral meetings with various world leaders before leaving for Zagreb early Wednesday, India time.

    The three-nation visit, PM Modi had stated while leaving New Delhi, is also to thank partner countries for their steadfast support to India in its fight against cross-border terrorism, and to galvanise global understanding on tackling terrorism in all its forms and manifestations.

    “Landed in Calgary, Canada, to take part in the G7 Summit. Will be meeting various leaders at the Summit and sharing my thoughts on important global issues. Will also be emphasising the priorities of the Global South,” PM Modi posted on his X handle after arriving in Canada.

    The Group of Seven (G7) is an informal grouping of seven of the world’s advanced economies — France, United States, United Kingdom, Germany, Japan, Italy and Canada and the European Union.

    At the Summit, PM Modi will be interacting with G7 leaders, including French President Emmanuel Macron, UK Prime Minister Keir Starmer, Italian PM Giorgia Meloni, Japanese Prime Minister Shigeru Ishiba, Chancellor Friedrich Merz of Germany and European Commission President Ursula von der Leyen along with Canada’s Prime Minister Mark Carney.

    (With IANS inputs)

  • MIL-OSI USA: Claims Office Reimbursement Available for Certain Risk-Reduction Projects: November 14, 2025, Deadline for Claimants

    Source: US Federal Emergency Management Agency

    Headline: Claims Office Reimbursement Available for Certain Risk-Reduction Projects: November 14, 2025, Deadline for Claimants

    Claims Office Reimbursement Available for Certain Risk-Reduction Projects: November 14, 2025, Deadline for Claimants

    SANTA FE, NM — Hermit’s Peak/Calf Canyon Fire claimants whose structures were left with increased risks of wildfires, flooding or other cascading impacts may be reimbursed for costs to reduce these risks to pre-fire levels, but they must finish the work by the deadline of November 14, 2025

     DEADLINE DETAILS: Claimants must have a valid NOL requesting risk reduction, must complete the risk reduction project, and incur all costs by November

    14, 2025

      Claimants must own the property, identify the heightened risks to structures and outline the project’s costs, scope, date of completion and how the project reduces the risks to pre-fire levels

     Risk-reduction costs may be reimbursed under the Hermit’s Peak/Calf Canyon Fire Assistance Act

     Risk reduction differs from repairing or rebuilding a damaged property, which is done to restore structures to their pre-fire condition, capacity and function

     A site visit may be required to verify a completed project

    Total reimbursement for projects will be capped at 50% of the replacement cost value of the structure being protected

    Any costs that exceed this cap are the claimant’s responsibility

    Eligible risk reduction projects for public facilities must first be submitted to FEMA’s Public Assistance (PA) program and denied for all or partial assistance before they can be submitted to the Claims Office

    Properties in areas damaged by wildfire are often more vulnerable to natural hazards or cascading impacts after a fire, so it’s vital that affected property owners know how to reduce their risks and minimize potential impacts from future disasters

      “Risk reduction is essential to help claimants remain in or return to their homes and communities by improving their properties’ resilience against future wildfires or flooding,” said Jay Mitchell, Director of Operations for the New Mexico Joint Recovery Office

    “I would encourage claimants to take advantage of this program, which will decrease the risk of future property damage

    ” Examples of possible risk reduction projects Installing a fire-retardant roofDecreasing wildfire risks by cutting back vegetation and creating fire breaksBuilding a berm or other barrier to block floodwaterDigging a drainage channel to divert stormwater Installing a culvert and associated ditches near a private road or driveway  Stabilizing the ground under structures and culverts to prevent erosion For information and updates, please visit the Claims Office website at www

    fema

    gov/hermits-peak

    For information in Spanish, visit www

    fema

    gov/es/disaster/current/hermits-peak

    To stay updated on upcoming events, visit the News and the “News and Events” page on our website at www

    fema

    gov/hermits-peak/media

    You can also follow our Facebook page at facebook

    com/HermitsPeakCalfCanyonClaimsOffice for updates on the claims process, deadlines, and program announcements

     
    joy

    li
    Tue, 06/17/2025 – 17:16

    MIL OSI USA News –

  • MIL-OSI USA: A New Hybrid System Could Enable Spacecraft Attitude Control Systems to Perform Scientific Measurements

    Source: NASA

    A NASA-sponsored team is creating a new approach to measure magnetic fields by developing a new system that can both take scientific measurements and provide spacecraft attitude control functions. This new system is small, lightweight, and can be accommodated onboard the spacecraft, eliminating the need for the boom structure that is typically required to measure Earth’s magnetic field, thus allowing smaller, lower-cost spacecraft to take these measurements. In fact, this new system could not only enable small spacecraft to measure the magnetic field, it could replace the standard attitude control systems in future spacecraft that orbit Earth, allowing them to provide the important global measurements that enable us to understand how Earth’s magnetic field protects us from dangerous solar particles.

    Photo of the aurora (taken in Alaska) showing small scale features that are often present. Credit: NASA/Sebastian Saarloos
    Solar storms drive space weather that threatens our many assets in space and can also disrupt Earth’s upper atmosphere impacting our communications and power grids. Thankfully, the Earth’s magnetic field protects us and funnels much of that energy into the north and south poles creating aurorae. The aurorae are a beautiful display of the electromagnetic energy and currents that flow throughout the Earth’s space environment. They often have small-scale magnetic features that affect the total energy flowing through the system. Observing these small features requires multiple simultaneous observations over a broad range of spatial and temporal scales, which can be accomplished by constellations of small spacecraft.
    To enable such constellations, NASA is developing an innovative hybrid magnetometer that makes both direct current (DC) and alternating current (AC) magnetic measurements and is embedded in the spacecraft’s attitude determination and control system (ADCS)—the system that enables the satellite to know and control where it is pointing. High-performance, low SWAP+C (low-size, weight and power + cost) instruments are required, as is the ability to manufacture and test large numbers of these instruments within a typical flight build schedule. Future commercial or scientific satellites could use these small, lightweight embedded hybrid magnetometers to take the types of measurements that will expand our understanding of space weather and how Earth’s magnetic field responds to solar storms
    It is typically not possible to take research-quality DC and AC magnetic measurements using sensors within an ADCS since the ADCS is inside the spacecraft and near contaminating sources of magnetic noise such as magnetic torque rods—the electromagnets that generate a magnetic field and push against the Earth’s magnetic field to control the orientation of a spacecraft. Previous missions that have flown both DC and AC magnetometers placed them on long booms pointing in opposite directions from the satellite to keep the sensors as far from the spacecraft and each other as possible. In addition, the typical magnetometer used by an ADCS to measure the orientation of the spacecraft with respect to the geomagnetic field does not sample fast enough to measure the high-frequency signals needed to make magnetic field observations.
    A NASA-sponsored team at the University of Michigan is developing a new hybrid magnetometer and attitude determination and control system (HyMag-ADCS) that is a low-SWAP single package that can be integrated into a spacecraft without booms. HyMag-ADCS consists of a three-axis search coil AC magnetometer and a three-axis Quad-Mag DC magnetometer. The Quad-Mag DC magnetometer uses machine learning to enable boomless DC magnetometery, and the hybrid search-coil AC magnetometer includes attitude determination torque rods to enable the single 1U volume (103 cm) system to perform ADCS functions as well as collect science measurements.

    The HyMag-ADCS team is incorporating the following technologies into the system to ensure success.
    Quad-Mag Hardware: The Quad-Mag DC magnetometer consists of four magneto-inductive magnetometers and a space-qualified micro-controller mounted on a single CubeSat form factor (10 x 10 cm) printed circuit board. These two types of devices are commercially available. Combining multiple sensors on a single board increases the instrument’s sensitivity by a factor of two compared to using a single sensor. In addition, the distributed sensors enable noise identification on small satellites, providing the science-grade magnetometer sensing that is key for both magnetic field measurements and attitude determination. The same type of magnetometer is part of the NASA Artemis Lunar Gateway Heliophysics Environmental and Radiation Measurement Experiment Suite (HERMES) Noisy Environment Magnetometer in a Small Integrated System (NEMISIS) magnetometer scheduled for launch in early 2027.
    Dual-use Electromagnetic Rods: The HyMag-ADCS team is using search coil electronics and torque rod electronics that were developed for other efforts in a new way. Use of these two electronics systems enables the electromagnetic rods in the HyMag-ADCS system to be used in two different ways—as torque rods for attitude determination and as search coils to make scientific measurements. The search coil electronics were designed for ground-based measurements to observe ultra-low frequency signals up to a few kHz that are generated by magnetic beacons for indoor localization. The torque rod electronics were designed for use on CubeSats and have flown on several University of Michigan CubeSats (e.g., CubeSat-investigating Atmospheric Density Response to Extreme driving [CADRE]). The HyMag-ADCS concept is to use the torque rod electronics as needed for attitude control and use the search coil electronics the rest of the time to make scientific AC magnetic field measurements.
    Machine Learning Algorithms for Spacecraft Noise Identification: Applying machine learning to these distributed sensors will autonomously remove noise generated by the spacecraft. The team is developing a powerful Unsupervised Blind Source Separation (UBSS) algorithm and a new method called Wavelet Adaptive Interference Cancellation for Underdetermined Platforms (WAIC-UP) to perform this task, and this method has already been demonstrated in simulation and the lab.
    The HyMag-ADCS system is early in its development stage, and a complete engineering design unit is under development. The project is being completed primarily with undergraduate and graduate students, providing hands-on experiential training for upcoming scientists and engineers.

    For additional details, see the entry for this project on NASA TechPort .
    Project Lead: Prof. Mark Moldwin, University of Michigan
    Sponsoring Organization: NASA Heliophysics Division’s Heliophysics Technology and Instrument Development for Science (H-TIDeS) program.

    MIL OSI USA News –