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Category: United States of America

  • MIL-OSI Analysis: What is peer review? The role anonymous experts play in scrutinizing research before it gets published

    Source: The Conversation – USA – By Joshua Winowiecki, Assistant Professor of Nursing, Michigan State University

    Reviewer 1: “This manuscript is a timely and important contribution to the field, with clear methodology and compelling results. I recommend publication with only minor revisions.”

    Reviewer 2: “This manuscript is deeply flawed. The authors’ conclusions are not supported by data, and key literature is ignored. Major revisions are required before it can be considered.”

    These lines could be pulled from almost any editorial decision letter in the world of academic publishing, sent from a journal to a researcher. One review praises the work, while another sees nothing but problems. For scholars, this kind of contradiction is common. Reviewer 2, in particular, has become something of a meme: an anonymous figure often blamed for delays, rejections or cryptic critiques that seem to miss the point.

    But those disagreements are part of the peer-review process.

    A world of memes – like this one shared on Reddit – has sprung up about the ridiculous feedback provided by a mythical Reviewer #2.
    Reddit/r/medicalschool

    As a clinical nurse specialist, educator and scholar who reviews studies in nursing and health care and teaches others to do so critically as well, I’ve seen how peer review shapes not just what gets published, but what ultimately influences practice.

    Peer review is the checkpoint where scientific claims are validated before they are shared with the world. Researchers and scholars submit their findings to academic journals, which invite other scholars with similar expertise – those are the peers – to assess the work. Reviewers look at the way the scholar designed the project, the methods they used and whether their conclusions stand up.

    The point of peer review

    This process isn’t new. Versions of peer review have been around for centuries. But the modern form – anonymous, structured and managed by journal editors – took hold after World War II. Today, it is central to how scientific publishing works, and nowhere more so than health, nursing and medicine. Research that survives review is more likely to be trusted and acted upon by health care practitioners and their patients.

    Millions of research papers move through this process annually, and the number grows every year. The sheer volume means that peer review isn’t just quality control, it’s become a bottleneck, a filter of sorts, and a kind of collective judgment about what counts as credible.

    In clinical fields, peer review also has a protective role. Before a study about a new medication, procedure or care model gains traction, it is typically evaluated by others in the field. The point isn’t to punish the authors – it’s to slow things down just enough to critically evaluate the work, catch mistakes, question assumptions and raise red flags. The reviewer’s work doesn’t always get credit, but it often changes what ends up in print.

    So, even if you’ve never submitted a paper or read a scientific journal, peer-reviewed science still shows up in your life. It helps shape what treatments are available, what protocols and guidelines your nurse practitioner or physician uses, and what public health advice gets passed along on the news.

    This doesn’t mean peer review always works. Plenty of papers get published despite serious limitations. And some of these flawed studies do real harm. But even scholars who complain about the system often still believe in it. In one international survey of medical researchers, a clear majority said they trusted peer-reviewed science, despite frustrations with how slow or inconsistent the process can be.

    What actually happens when a paper is reviewed?

    Before a manuscript lands in the hands of reviewers, it begins with the researchers themselves. Scientists investigate a question, gather and analyze their data and write up their findings, often with a particular journal in mind that publishes new work in their discipline. Once they submit their paper to the journal, the editorial process begins.

    At this point, journal editors send it out to two or three reviewers who have relevant expertise. Reviewers read for clarity, accuracy, originality and usefulness. They offer comments about what’s missing, what needs to be explained more carefully, and whether the findings seem valid. Sometimes the feedback is collegial and helpful. Sometimes it’s not.

    Peer reviewers’ comments can help researchers revise and strengthen their work.
    AJ_Watt/E+ via Getty Images

    Here is where Reviewer 2 enters the lore of academic life. This is the critic who seems especially hard to please, who misreads the argument, or demands rewrites that would reshape the entire project. But even these kinds of reviews serve a purpose. They show how work might be received more broadly. And many times they flag weaknesses the author hadn’t seen.

    Review is slow. Most reviewers aren’t paid, with nearly 75% reporting they receive no compensation or formal recognition for their efforts. They do this work on top of their regular clinical, teaching or research responsibilities. And not every editor has the time or capacity to sort through conflicting feedback or to moderate tone. The result is a process that can feel uneven, opaque, and, at times, unfair.

    It doesn’t always catch what it is supposed to. Peer review is better at catching sloppy thinking than it is at detecting fraud. If data is fabricated or manipulated, a reviewer may not have the tools, or the time, to figure that out. In recent years, a growing number of published papers have been retracted after concerns about plagiarism or faked results. That trend has shaken confidence in the system and raised questions about what more journals should be doing before publication.

    Imperfect but indispensable

    Even though the current peer-review system has its shortcomings, most researchers would argue that science is better off than it would be without the level of scrutiny peer review provides. The challenge now is how to make peer review better.

    Some journals are experimenting with publishing reviewer comments alongside articles. Other are trying systems where feedback continues after publication. There are also proposals to use artificial intelligence to help flag inconsistencies or potential errors before human reviewers even begin.

    These efforts are promising but still in the early stages of development and adoption. For most fields, peer review remains a basic requirement for legitimacy, while some, such as law and high-energy physics, have alternate methods of communicating their findings. Peer review assures a reader that a journal article’s claim has been tested, scrutinized and revised.

    Peer review doesn’t guarantee truth. But it does invite challenge, foster transparency, offer reflection and force revision. That’s often where the real work of science begins.

    Even if Reviewer 2 still has notes.

    Joshua Winowiecki does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. What is peer review? The role anonymous experts play in scrutinizing research before it gets published – https://theconversation.com/what-is-peer-review-the-role-anonymous-experts-play-in-scrutinizing-research-before-it-gets-published-258255

    MIL OSI Analysis –

  • MIL-OSI Analysis: Examining mushrooms under microscopes can help engineers design stronger materials

    Source: The Conversation – USA – By Mohamed Khalil Elhachimi, PhD Student in Mechanical Engineering, Binghamton University, State University of New York

    White button mushrooms are one of the types studied to inform stronger materials. DigiPub/Moment via Getty Images

    Pick up a button mushroom from the supermarket and it squishes easily between your fingers. Snap a woody bracket mushroom off a tree trunk and you’ll struggle to break it. Both extremes grow from the same microscopic building blocks: hyphae – hair-thin tubes made mostly of the natural polymer chitin, a tough compound also found in crab shells.

    As those tubes branch and weave, they form a lightweight but surprisingly strong network called mycelium. Engineers are beginning to investigate this network for use in eco-friendly materials.

    Filaments called hyphae are a mushroom’s support structures both above and below ground, and the mycelium network links multiple mushrooms together.
    Milkwood.net/Flickr, CC BY-NC-SA

    Yet even within a single mushroom family, the strength of a mycelium network can vary widely. Scientists have long suspected that how the hyphae are arranged – not just what they’re made of – holds the key to understanding, and ultimately controlling, their strength. But until recently, measurements that directly link microscopic arrangement to macroscopic strength have been scarce.

    I’m a mechanical engineering Ph.D. student at Binghamton University who studies bio-inspired structures. In our latest research, my colleagues and I asked a simple question: Can we tune the strength of a mushroomlike material just by changing the angle of its filaments, without adding any tougher ingredients? The answer, it turns out, is yes.

    2 edible species, many tiny tests

    In our study, my team compared two familiar fungi. The first was the white button mushroom, whose tissue uses only thin filaments called generative filaments. The second was the maitake, also called hen-of-the-woods, whose tissue mixes in a second, thicker type of hyphae called skeletal filaments. These skeletal filaments are arranged roughly in parallel, like bundles of cables.

    The two types of mushrooms used in the study: The white button mushroom is monomitic, shown on the left, meaning it has only one type of hyphae. The maitake is shown on the right, and is dimitic, meaning it has two types of hyphae.
    Mohamed Khalil Elhachimi

    After gently drying the caps and stems to remove any water, which can soften the material and skew the results, we zoomed in with scanning electron microscopes and tested the samples at two very different scales.

    First, we tested macro-scale compression. A motor-driven piston slowly squashed each mushroom while sensors recorded how hard the sample pushed back – the same way you might squeeze a marshmallow, only with laboratory precision.

    Then we pressed a diamond tip thinner than a human hair into individual filaments to measure their stiffness.

    The white mushroom filaments behaved like rubber bands, averaging about 18 megapascals in stiffness – similar to natural rubber. The thicker skeletal filaments in maitake measured around 560 megapascals, more than 30 times stiffer and approaching the stiffness of high-density polyethylene – the rigid plastic used in cutting boards and some water pipes.

    The two mushrooms tested include the maitake, left, and the button mushroom.
    Lance Cheung/USDA and edenpictures/Flickr, CC BY

    But chemistry is only half the story. When we squeezed entire chunks, the direction we squeezed in mattered even more for the maitake. Pressing in line with its parallel skeletal filaments made the block 30 times stiffer than pressing across the grain. By contrast, the tangled filaments in white mushrooms felt equally soft from every angle.

    A digital mushroom and twisting the threads

    To separate geometry from chemistry, we converted snapshots from the microscope into a computer model using a 3D Voronoi network – a pattern that mimics the walls between bubbles in a foam. Think of ping-pong balls crammed in a box: Each ball is a cell, and the walls between cells become our simulated filaments.

    We assigned those filaments by the stiffness values measured in the lab, then virtually rotated the whole network to angles of 0 degrees, 30 degrees, 60 degrees, 90 degrees and completely random.

    Horizontal (0 degrees) filaments flexed like a spring mattress. Vertical (90 degrees) filaments supported weight almost as firmly as dense wood. Simply tilting the network to 60 degrees nearly doubled its stiffness compared with 0 degrees – all without changing a single chemical ingredient.

    The researchers modeled structures with different fiber orientations to see which are the strongest: (a) represents a horizontal fiber orientation, (b) a 30-degree fiber orientation, (c) a 60-degree fiber orientation, (d) a vertical fiber orientation, and (e) a random fiber orientation.
    Mohamed Khalil Elhachimi

    Basically, we found that orientation alone could turn a mushy sponge into something that stands up to serious pressure. That suggests manufacturers could make strong, lightweight, biodegradable parts – such as shoe insoles, protective packaging and even interior panels for cars – simply by guiding how a fungus grows rather than by mixing in harder additives.

    Greener materials – and beyond

    Startups already grow “leather” made from mycelium – the threadlike fungal network – for handbags, and mycelium foam as a Styrofoam replacement.

    Guiding fungi to lay their filaments in strategic directions could push performance much higher, opening doors in sectors where strength-to-weight ratio is king: think sporting goods cores, building-insulation panels or lightweight fillers inside aircraft panels.

    The same digital tool kit also works for metal or polymer lattices printed layer by layer. Swap the filament properties in the model, let the algorithm pick the best angles, and then feed that layout into a 3D printer.

    One day, engineers might dial up an app that says something like, “I need a panel that’s stiff north-south but flexible east-west,” and the program could spit out a filament map inspired by the humble maitake.

    Our next step is to feed thousands of these virtual networks into a machine learning model so it can predict – or even invent – filament layouts that hit a targeted stiffness in any direction.

    Meanwhile, biologists are exploring low-energy ways to coax real fungi to grow in neat rows, from steering nutrients toward one side of a petri dish to applying gentle electric fields that encourage filaments to align.

    This study taught us that you don’t always need exotic chemistry to make a better material. Sometimes it’s all about how you line up the same old threads – just ask a mushroom.

    Mohamed Khalil Elhachimi does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Examining mushrooms under microscopes can help engineers design stronger materials – https://theconversation.com/examining-mushrooms-under-microscopes-can-help-engineers-design-stronger-materials-260477

    MIL OSI Analysis –

  • MIL-OSI USA: Grants Awarded to Support Veteran Facilities

    Source: US State of New York

    overnor Kathy Hochul today announced $1 million in grants to 16 veterans organizations across New York State through the third round of the Veterans’ Nonprofit Capital Program. These grants will support capital improvements to facilities that serve the state’s veterans, service members and their families.

    “Our veterans, who have courageously served to protect our country, need and deserve to have access to safe, quality facilities to gather with family and loved ones,” Governor Hochul said. “This investment will not only allow for critical infrastructure upgrades, but it will also allow veterans to come together and bond with their community and families.”

    The grants, administered by the Dormitory Authority of the State of New York (DASNY) in partnership with the Department of Veterans’ Services, provide reimbursement for capital improvement projects ranging from $25,000 to $75,000. Veterans organizations will use the funding for critical infrastructure upgrades including new roofs, HVAC systems, electrical improvements, ADA-compliant modifications and renovations to kitchens and common areas.

    Recipients are located across six regions: Capital Region (4), Central New York (1), Finger Lakes (4), Long Island (2), Mid-Hudson (1) and Western New York (4). Projects include roof replacements, parking lot reconstruction, generator installations and facility accessibility improvements. A list of awards is located here.

    Dormitory Authority of the State of New York President and CEO Robert J. Rodriguez said, “DASNY is proud to administer this program alongside our partners at the Department of Veterans’ Services, delivering on Governor Hochul’s continued commitment to supporting veterans. These capital improvements will help ensure that veterans have access to safe, modern facilities where they can gather, receive services, and maintain the important connections forged through their service to our nation.”

    New York State Department of Veterans’ Services General Counsel Jonathan Fishbein said, “Round three of the Veterans’ Nonprofit Capital Program was one of our strongest to date, both in the quality of applications received and in the range of services supported across the state. These grants are making a real difference on the ground. DVS remains deeply committed to ensuring that Veterans, Service Members, and Military Families in every corner of New York have access to strong, stable, and growing networks of support. Governor Hochul continues to deliver much-needed support for all who served.”

    The Veterans’ Nonprofit Capital Program provides funding for architecture, design, engineering, construction, reconstruction, rehabilitation or expansion of eligible facilities, and purchase of eligible furnishings or equipment. Since its inception, the program has awarded $4.6 million to veterans organizations statewide.

    About the NYS Department of Veterans’ Services

    The New York State Department of Veterans’ Services proudly serves New York’s Veterans, Service Members and Military Families, connecting them with benefits, services and support. All who served should contact the Department at 888-838-7697 or via its website — veterans.ny.gov — to meet in-person or virtually with an accredited Veterans Benefits Advisor to receive the benefits they have earned. Follow DVS on Facebook, Instagram, X and LinkedIn.

    About DASNY

    Founded in 1944, DASNY is New York State’s capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond portfolio of approximately $60.1 billion as of March 31, 2025. DASNY is also a prolific public builder with a construction pipeline of approximately 1,000 projects valued at more than $13 billion as of March 31, 2025. To learn more about DASNY, visit www.dasny.org.

    MIL OSI USA News –

  • MIL-OSI USA: Three MS-13 Members Charged with Racketeering Conspiracy Involving Murder

    Source: US State of North Dakota

    Three alleged members of the notorious gang La Mara Salvatrucha, commonly known as MS-13, made their initial appearance in the District of Maryland yesterday for their role in a racketeering conspiracy, including murder and drug trafficking.

    “As alleged, the defendants are MS-13 members who carried out a brutal and senseless murder in exchange for promotions within the gang and drugs,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division. “Their actions furthered MS-13’s reign of terror across communities in Maryland. The Criminal Division will continue to pursue charges against MS-13 members and associates and will not relent until this dangerous gang is eradicated from our streets.”

    “The brutal retaliatory murder of this victim is a chilling reminder of the MS-13 gang’s callous disregard for human life,” said U.S. Attorney Kelly O. Hayes for the District of Maryland. “Those who assault and kill others must be brought to justice and ultimately held accountable for their actions. The U.S. Attorney’s Office for the District of Maryland will continue to work relentlessly with our law enforcement partners to dismantle violent criminal organizations that terrorize our communities.”

    “The FBI and our partners are committed to using every tool available to prevent violent criminals from terrorizing the communities they live in,” said Assistant Director Jose A. Perez of the FBI’s Criminal Investigative Division. “We will not let up. We will relentlessly pursue those who engage in violent activity like murder and drug trafficking until they are held accountable.”

    According to court documents, on July 4, 2024, Maxwell Ariel Quijano-Casco, 24, of El Salvador; Daniel Isaias Villanueva-Bautista, 19, of El Salvador; and Josue Mauricio Lainez, 21, of Hyattsville, Maryland, allegedly killed a homeless man as part of their involvement with MS-13. On July 5, 2024, a passerby called 911 after seeing the victim sitting in a blue 2008 Dodge Caravan that was parked in a used car lot in Hyattsville, Maryland. When the police arrived, they found the deceased victim, who appeared to have been stabbed in the neck. Investigators obtained video surveillance from a nearby business that captured the incident.

    The surveillance video shows that at approximately 11:35 p.m Quijano-Casco and another person approach the victim. The video shows the victim wielding what looks like a metal pole at Quijano-Casco, at which point Quijano-Casco and the other person flee on foot and the victim returns to the Dodge Caravan. About 15 minutes later, Quijano-Casco returns with co-defendants Villanueva-Bautista, Lainez, and another person. At approximately 11:48 p.m., the video surveillance shows all four of them approaching the blue Dodge Caravan. 

    The surveillance video then shows Quijano-Casco, Villanueva-Bautista, Lainez, and the unnamed person opening the van’s rear sliding driver’s side door, reaching inside, and moving as if striking someone. 

    The victim does not exit the blue Dodge Caravan after the attack.

    On Aug. 23, 2024, Prince George’s County Police arrested Quijano-Casco and Villanueva-Bautista. Quijano-Casco was in possession of a black Ruger P95DC semi-automatic handgun and about eight grams of cocaine at the time of his arrest. Quijano-Casco and Villanueva both admitted that they were present for the altercation where the victim was murdered. Quijano-Casco allegedly admitted to Prince George’s County Police to stabbing the individual.

    Quijano-Casco, Villanueva-Bautista, and Lainez are each charged with racketeering conspiracy, including the July 4, 2024, murder. If convicted, Quijano-Casco, Villanueva-Bautista, and Lainez face a maximum penalty of life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI and Prince George’s County Police Department are investigating the case.

    Trial Attorney Christina Taylor of the Criminal Division’s Violent Crime and Racketeering Section and Assistant U.S. Attorney Joel Crespo for the District of Maryland are prosecuting the case.

    An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI Security: Kansas City Man Indicted for Possession with Intent to Distribute Cocaine

    Source: US FBI

    KANSAS CITY, Mo. – Ramon Arambula, 44, was indicted by a federal grand jury for possession with intent to distribute cocaine.

    Today’s indictment alleges that on July 9, 2025, Arambula possessed cocaine with the intent to distribute. This charge stems from a vehicle stop conducted on a vehicle being operated by Arambula on July 9. After a drug detection K-9 gave a positive alert on the vehicle, officers recovered 5 brick-shaped packages that contained cocaine. The total amount of cocaine seized was approximately 5,892 grams.

    The charge contained in this indictment are simply accusations, and not evidence of guilt. Evidence supporting the charge must be presented to a federal trial jury, whose duty is to determine guilt or innocence.

    This case is being prosecuted by Assistant U.S. Attorney Megan A. Baker. It was investigated by the Drug Enforcement Administration with assistance from the Federal Bureau of Investigation, Kansas City Missouri Police Department, Missouri State Highway Patrol, Jackson County Drug Task Force and Cass County Sheriff’s Office.

    KC Metro Strike Force

    This prosecution was brought as a part of the Department of Justice’s Organized Crime Drug Enforcement Task Forces (OCDETF) Co-located Strike Forces Initiative, which provides for the establishment of permanent multi-agency task force teams that work side-by-side in the same location. This co-located model enables agents from different agencies to collaborate on intelligence-driven, multi-jurisdictional operations against a continuum of priority targets and their affiliate illicit financial networks. These prosecutor-led co-located Strike Forces capitalize on the synergy created through the long-term relationships that can be forged by agents, analysts, and prosecutors who remain together over time, and they epitomize the model that has proven most effective in combating organized crime. The principal mission of the OCDETF program is to identify, disrupt, and dismantle the most serious drug trafficking organizations, transnational criminal organizations, and money laundering organizations that present a significant threat to the public safety, economic, or national security of the United States.

    MIL Security OSI –

  • MIL-OSI: AIXA Miner Launches New Green Cloud Mining Contracts with Boosted Daily Returns

    Source: GlobeNewswire (MIL-OSI)

    Denver, USA, July 16, 2025 (GLOBE NEWSWIRE) — AIXA Miner, a trusted name in global cloud mining solutions, today announced the rollout of upgraded Litecoin, Dogecoin, and Bitcoin mining contracts featuring a 2.5% increase in daily returns. The performance gains coincide with AIXA Miner’s transition to 100% green energy across its 200+ data centers worldwide.

    “We initiated a green mining model to reduce environmental impact and improve operational efficiency,” said a company spokesperson for AIXA Miner. “By leveraging low-cost renewable energy, we’ve been able to cut mining costs by up to 50%, enabling higher returns for our users.”

    Scaling Sustainable & Profitable Cloud Mining

    Founded in 2020, AIXA Miner has grown rapidly by aligning sustainability with profitability in cloud mining. The company operates globally distributed mining centers powered exclusively by solar and wind energy, helping reduce carbon emissions while optimizing crypto mining yields—particularly for Bitcoin.

    This cost-effective approach has made AIXA Miner one of the most profitable platforms for crypto mining participants, attracting over 2 million new users following the announcement of increased returns.

    New Mining Contract Options: Short-Term with High ROI

    AIXA Miner offers a range of short-term mining contracts to suit various investment sizes. Each contract delivers fixed daily income and allows for full capital withdrawal at term completion.

    Contract Amount Duration Daily Income Total Income Daily Interest Rate
    $550 5 days $7.32 $36.58 1.33%
    $1,500 10 days $20.40 $204.00 1.36%
    $2,600 12 days $37.18 $446.16 1.43%
    $6,300 15 days $95.13 $1,426.95 1.51%
    $15,700 17 days $285.74 $4,857.58 1.82%
    $25,000 20 days $515.00 $10,300.00 2.06%
    $57,000 15 days $1,350.90 $20,263.50 2.37%
    $87,000 20 days $2,366.40 $47,328.00 2.72%
    $127,000 12 days $3,987.80 $47,853.60 3.14%
    $235,000 15 days $12,925.00 $193,875.00 5.50%

    AIXA Miner also offers a free Litecoin mining contract for new users, which includes a $20 welcome credit that allows immediate onboarding and platform testing. 

    Affiliate & VIP Incentives

    To further enhance user experience and earning potential, AIXA Miner provides a three-tier affiliate program, rewarding users with up to 5% commissions on referred investments. VIP memberships offer one-time bonuses and increased ROI for users with active contract levels of $50,000 and above. For example, VIP Level 3 users receive an additional 0.11% ROI bonus and a $613 reward on qualifying investments.

    How to Get Started With AIXA Miner With a Smartphone: Three Simple Steps

    1. Install the app: Visit the AIXAminer.com website and download the AIXA Miner mobile app (Android/iOS).
    2. Sign up with a username and password and a valid email address to activate the free trial and gain access to the mining platform.
    3. Select the mining contract, connect the user crypto wallet, and start earning.

    And that is all! The app allows users to track their earnings daily and provides options to withdraw or reinvest their profits at will.

    About AIXA Miner

    AIXA Miner is a cloud-based cryptocurrency mining platform founded in 2020. Specializing in AI-optimized, eco-friendly mining operations, AIXA Miner enables individuals worldwide to generate passive income through transparent, automated crypto mining services. AIXA Miner’s upgraded mining contracts are now available globally via its official website: www.aixaminer.com. The platform offers transparent earnings dashboards, same-day payouts (once the minimum is reached), and a range of contract durations to suit both beginner and seasoned crypto participants. 

    The MIL Network –

  • MIL-OSI: AIXA Miner Launches New Green Cloud Mining Contracts with Boosted Daily Returns

    Source: GlobeNewswire (MIL-OSI)

    Denver, USA, July 16, 2025 (GLOBE NEWSWIRE) — AIXA Miner, a trusted name in global cloud mining solutions, today announced the rollout of upgraded Litecoin, Dogecoin, and Bitcoin mining contracts featuring a 2.5% increase in daily returns. The performance gains coincide with AIXA Miner’s transition to 100% green energy across its 200+ data centers worldwide.

    “We initiated a green mining model to reduce environmental impact and improve operational efficiency,” said a company spokesperson for AIXA Miner. “By leveraging low-cost renewable energy, we’ve been able to cut mining costs by up to 50%, enabling higher returns for our users.”

    Scaling Sustainable & Profitable Cloud Mining

    Founded in 2020, AIXA Miner has grown rapidly by aligning sustainability with profitability in cloud mining. The company operates globally distributed mining centers powered exclusively by solar and wind energy, helping reduce carbon emissions while optimizing crypto mining yields—particularly for Bitcoin.

    This cost-effective approach has made AIXA Miner one of the most profitable platforms for crypto mining participants, attracting over 2 million new users following the announcement of increased returns.

    New Mining Contract Options: Short-Term with High ROI

    AIXA Miner offers a range of short-term mining contracts to suit various investment sizes. Each contract delivers fixed daily income and allows for full capital withdrawal at term completion.

    Contract Amount Duration Daily Income Total Income Daily Interest Rate
    $550 5 days $7.32 $36.58 1.33%
    $1,500 10 days $20.40 $204.00 1.36%
    $2,600 12 days $37.18 $446.16 1.43%
    $6,300 15 days $95.13 $1,426.95 1.51%
    $15,700 17 days $285.74 $4,857.58 1.82%
    $25,000 20 days $515.00 $10,300.00 2.06%
    $57,000 15 days $1,350.90 $20,263.50 2.37%
    $87,000 20 days $2,366.40 $47,328.00 2.72%
    $127,000 12 days $3,987.80 $47,853.60 3.14%
    $235,000 15 days $12,925.00 $193,875.00 5.50%

    AIXA Miner also offers a free Litecoin mining contract for new users, which includes a $20 welcome credit that allows immediate onboarding and platform testing. 

    Affiliate & VIP Incentives

    To further enhance user experience and earning potential, AIXA Miner provides a three-tier affiliate program, rewarding users with up to 5% commissions on referred investments. VIP memberships offer one-time bonuses and increased ROI for users with active contract levels of $50,000 and above. For example, VIP Level 3 users receive an additional 0.11% ROI bonus and a $613 reward on qualifying investments.

    How to Get Started With AIXA Miner With a Smartphone: Three Simple Steps

    1. Install the app: Visit the AIXAminer.com website and download the AIXA Miner mobile app (Android/iOS).
    2. Sign up with a username and password and a valid email address to activate the free trial and gain access to the mining platform.
    3. Select the mining contract, connect the user crypto wallet, and start earning.

    And that is all! The app allows users to track their earnings daily and provides options to withdraw or reinvest their profits at will.

    About AIXA Miner

    AIXA Miner is a cloud-based cryptocurrency mining platform founded in 2020. Specializing in AI-optimized, eco-friendly mining operations, AIXA Miner enables individuals worldwide to generate passive income through transparent, automated crypto mining services. AIXA Miner’s upgraded mining contracts are now available globally via its official website: www.aixaminer.com. The platform offers transparent earnings dashboards, same-day payouts (once the minimum is reached), and a range of contract durations to suit both beginner and seasoned crypto participants. 

    The MIL Network –

  • MIL-OSI: NextNRG Signs Letter of Intent for Two Healthcare Facility Smart Microgrid Projects in Los Angeles County

    Source: GlobeNewswire (MIL-OSI)

    Strategic expansion into essential healthcare sector demonstrates NextNRG’s energy-agnostic technology and own-and-operate model

    Projects establish NextNRG as dedicated energy provider under long-term contracts to facilities requiring mandatory continuous power

    MIAMI, July 16, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced it has signed a letter of intent to develop critical energy infrastructure for two healthcare facilities operated by Sunnyside Nursing and Post-Acute Care (Sunnyside) and Topanga Terrace Rehabilitation & Subacute (Topanga) in Los Angeles, California.

    NextNRG will own and operate the complete smart microgrid systems and sell electricity directly to both facilities under separate 28-year Power Purchase Agreements (PPAs), establishing predictable long-term revenue streams in the essential healthcare sector where continuous, reliable power is not just preferred but mandatory. The PPA for the Sunnyside facility will generate revenue at $0.25 per kWh with a 2% annual escalator, while the Topanga facility will generate revenue at $0.22 per kWh with a 2% annual escalator, providing NextNRG with contracted cash flows extending through 2053.

    NextNRG will design, build, own and operate comprehensive smart microgrid systems for each facility, then sell electricity from these NextNRG-owned grids to the healthcare facilities. The energy infrastructure will incorporate generation through solar and renewable sources, as well as battery storage for enhanced reliability. All components will be integrated into comprehensive smart microgrids powered by NextNRG’s proprietary UOS (Utility Operating System) and SmartGrid technology. Each system will feature up to 830 kWh DC of solar photovoltaic capacity and 2.2 MWh of battery energy storage with ground-mounted solar arrays.

    By combining batteries with generators, NextNRG will significantly reduce the risk of power outages while ensuring compliance with HCAI (Healthcare Access and Information) requirements. The healthcare facilities gain operational resilience and access to tax incentives, while NextNRG establishes a strategic foothold in the highly regulated and lucrative healthcare sector.

    “These projects represent our strategic entry into the healthcare market, where energy reliability is mandatory rather than optional,” said Michael D. Farkas, Founder and CEO of NextNRG. “The 28-year contracted revenue from selling electricity generated by our owned infrastructure provides exceptional visibility and stability, while demonstrating our software’s ability to manage and optimize power from any source. This energy-agnostic functionality positions us to capture significant opportunities across the healthcare sector, where facilities require uninterrupted power for life-safety systems and patient care.”

    The projects showcase NextNRG’s proprietary technology platform designed to optimize and manage diverse energy inputs through advanced artificial intelligence, including traditional grid power, renewable sources, solar, and emerging technologies. This energy-agnostic capability provides maximum flexibility for healthcare facilities while demonstrating NextNRG’s ability to serve as a complete energy solution provider rather than just a renewable energy company.

    Healthcare facilities represent a particularly compelling market opportunity for NextNRG’s own-and-operate model. Hospitals, nursing homes, and other healthcare facilities prioritize energy reliability and long-term cost predictability, making them ideal candidates for long-term PPA arrangements. The healthcare sector’s essential nature and regulatory requirements create a stable customer base with predictable energy needs and willingness to pay for enhanced reliability.

    The addressable market for NextNRG’s smart microgrid solutions in the healthcare sector is substantial, with 15,300 nursing homes and 32,231 assisted living facilities across the United States. These facilities are subject to stringent regulatory requirements mandating backup power systems to ensure continuous operation of life-safety equipment, HVAC systems, and critical care infrastructure. NextNRG’s comprehensive smart microgrids provide a superior alternative to traditional diesel generators, offering cleaner, more reliable backup storage while meeting all applicable healthcare regulations and emergency preparedness standards. NextNRG’s TAM in healthcare microgrids is roughly $3.2 billion in annual revenue opportunity today, growing into the $7–8 billion range by the early 2030s, driven by resilient infrastructure needs, AI integration, and regulatory tailwinds.

    “The healthcare sector represents a massive market opportunity where our ownership model and technology create significant value,” added Mr. Farkas. “These facilities cannot afford power interruptions, and our comprehensive smart microgrid solutions powered by machine learning provide the energy security they require while generating stable, long-term cash flows for NextNRG from our owned energy assets. We see substantial potential to replicate this ownership and energy sales model across thousands of healthcare facilities nationwide.”

    These projects build on NextNRG’s recent momentum, including its partnership with Hudson Sustainable Group, inclusion in the Russell 2000® and Russell 3000® indexes, and record-breaking revenue growth with preliminary May 2025 revenue of $6.6 million representing 148% year-over-year growth. The healthcare market expansion complements NextNRG’s established mobile fueling operations across six U.S. states with 144 active delivery trucks.

    The agreement advances NextNRG’s strategy of deploying next-generation energy infrastructure through its integrated ecosystem of AI-optimized solutions, establishing the company as a leader in intelligent energy management and delivery across essential service sectors.

    About NextNRG, Inc.

    NextNRG Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.

    At the core of NextNRG’s strategy is its Next Utility Operating System®, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible; and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, healthcare campuses, universities, parking garages, rural and tribal lands, recreational facilities, and government properties, expanding energy accessibility while supporting decarbonization initiatives.

    NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, providing fuel delivery while advancing efficient energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

    To find out more visit: www.nextnrg.com.

    Forward-Looking Statements

    This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

    Investor Relations Contact

    NextNRG, Inc.
    Sharon Cohen
    SCohen@nextnrg.com

    The MIL Network –

  • MIL-OSI Security: Three MS-13 Members Charged with Racketeering Conspiracy Involving Murder

    Source: United States Attorneys General

    Three alleged members of the notorious gang La Mara Salvatrucha, commonly known as MS-13, made their initial appearance in the District of Maryland yesterday for their role in a racketeering conspiracy, including murder and drug trafficking.

    “As alleged, the defendants are MS-13 members who carried out a brutal and senseless murder in exchange for promotions within the gang and drugs,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division. “Their actions furthered MS-13’s reign of terror across communities in Maryland. The Criminal Division will continue to pursue charges against MS-13 members and associates and will not relent until this dangerous gang is eradicated from our streets.”

    “The brutal retaliatory murder of this victim is a chilling reminder of the MS-13 gang’s callous disregard for human life,” said U.S. Attorney Kelly O. Hayes for the District of Maryland. “Those who assault and kill others must be brought to justice and ultimately held accountable for their actions. The U.S. Attorney’s Office for the District of Maryland will continue to work relentlessly with our law enforcement partners to dismantle violent criminal organizations that terrorize our communities.”

    “The FBI and our partners are committed to using every tool available to prevent violent criminals from terrorizing the communities they live in,” said Assistant Director Jose A. Perez of the FBI’s Criminal Investigative Division. “We will not let up. We will relentlessly pursue those who engage in violent activity like murder and drug trafficking until they are held accountable.”

    According to court documents, on July 4, 2024, Maxwell Ariel Quijano-Casco, 24, of El Salvador; Daniel Isaias Villanueva-Bautista, 19, of El Salvador; and Josue Mauricio Lainez, 21, of Hyattsville, Maryland, allegedly killed a homeless man as part of their involvement with MS-13. On July 5, 2024, a passerby called 911 after seeing the victim sitting in a blue 2008 Dodge Caravan that was parked in a used car lot in Hyattsville, Maryland. When the police arrived, they found the deceased victim, who appeared to have been stabbed in the neck. Investigators obtained video surveillance from a nearby business that captured the incident.

    The surveillance video shows that at approximately 11:35 p.m Quijano-Casco and another person approach the victim. The video shows the victim wielding what looks like a metal pole at Quijano-Casco, at which point Quijano-Casco and the other person flee on foot and the victim returns to the Dodge Caravan. About 15 minutes later, Quijano-Casco returns with co-defendants Villanueva-Bautista, Lainez, and another person. At approximately 11:48 p.m., the video surveillance shows all four of them approaching the blue Dodge Caravan. 

    The surveillance video then shows Quijano-Casco, Villanueva-Bautista, Lainez, and the unnamed person opening the van’s rear sliding driver’s side door, reaching inside, and moving as if striking someone. 

    The victim does not exit the blue Dodge Caravan after the attack.

    On Aug. 23, 2024, Prince George’s County Police arrested Quijano-Casco and Villanueva-Bautista. Quijano-Casco was in possession of a black Ruger P95DC semi-automatic handgun and about eight grams of cocaine at the time of his arrest. Quijano-Casco and Villanueva both admitted that they were present for the altercation where the victim was murdered. Quijano-Casco allegedly admitted to Prince George’s County Police to stabbing the individual.

    Quijano-Casco, Villanueva-Bautista, and Lainez are each charged with racketeering conspiracy, including the July 4, 2024, murder. If convicted, Quijano-Casco, Villanueva-Bautista, and Lainez face a maximum penalty of life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI and Prince George’s County Police Department are investigating the case.

    Trial Attorney Christina Taylor of the Criminal Division’s Violent Crime and Racketeering Section and Assistant U.S. Attorney Joel Crespo for the District of Maryland are prosecuting the case.

    An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Submissions: Angels, witches, crystals and black cats: How supernatural beliefs vary across different groups in the US

    Source: The Conversation – USA (3) – By Christopher P. Scheitle, Associate Professor of Sociology, West Virginia University

    Education, income and demographics shape our views of the unseen world, a survey found. karetoria/Collection Moment via Getty Images

    Younger Americans are more likely to express belief in witchcraft and luck, as our new research shows.

    As sociologists who research the social dynamics of religion in the United States, we conducted a nationally representative survey in 2021. Our survey posed dozens of questions to 2,000 Americans over the age of 18 on a wide range of beliefs in supernatural phenomena – everything from belief in the devil to belief in the magical power of crystals.

    Our statistical analyses found that supernatural beliefs in the United States tend to group into four types.

    The first represents what many consider “traditional religious beliefs.” These include beliefs in God, the existence of angels and demons, and belief in the soul and its journey beyond this lifetime.

    A second represents belief in “spiritual and mental forces,” some of which are associated with either paranormal or new age beliefs. These include communicating with the dead, predicting the future, or believing that one’s soul can travel through space or time.

    A third group represents belief in “witches and witchcraft.” This was measured on our survey with questions about the existence of “black magic” and whether it was “possible to cast spells on people.”

    The fourth and final group represents beliefs in supernatural forces that shape “luck” – for instance, that “black cats bring bad luck.”

    Our analysis finds that higher education and higher income are associated with lower levels of all four types of supernatural belief. Those with a bachelor’s degree or higher, for instance, score below average on all four types of belief, while those with less education score higher than average on all four.

    Looking at race and ethnicity, we found that Latino or Hispanic individuals were more likely than white individuals to express belief in the “witches and witchcraft” form of supernatural belief. About 50% of Latino or Hispanic individuals in our survey, for example, strongly agreed that “witches exist.” This compares with about 37% of white individuals.

    Comparing gender differences, we find that women are more likely than men to believe in the “spiritual and mental forces” forms of supernatural belief. For instance, about 31% of women in our survey agreed that “it is possible to communicate with the dead” compared with about 22% of men.

    Why it matters

    Our research addresses two key questions: first, whether people who hold one type of supernatural belief are also more likely to hold other types of supernatural beliefs; and second, how do different types of supernatural belief vary across key demographic groups, such as across educational levels, racial and ethnic groups, and gender?

    Answering these questions can be surprisingly difficult. Most scientific surveys of the U.S. public include, at best, only one or two questions about religious beliefs; rarely do they include questions about other types of supernatural beliefs, such as belief in paranormal or superstitious forces. This could lead to an incomplete understanding of how supernatural beliefs and practices are changing in the United States.

    An increasing number of Americans are leaving organized religion. However, it is not clear that supernatural beliefs have or will follow the same trajectory – especially beliefs that are not explicitly connected to those religious identities. For example, someone can identify as nonreligious but believe that the crystal they wear will provide them with supernatural benefits.

    Moreover, recognizing that supernatural beliefs can include more than traditionally religious supernatural beliefs may be vital for better understanding other social issues. Research has found, for example, that belief in paranormal phenomena is associated with lower trust in science and medicine.

    What’s next

    Our survey provides some insight into the nature and patterns of supernatural belief in the U.S. at one point in time, but it does not tell us how such beliefs are changing over time.

    We would like to see future surveys – both ours or from other social scientists – that ask more diverse questions about belief in supernatural beings and forces that will allow for an assessment of such changes.

    The Research Brief is a short take on interesting academic work.

    Christopher P. Scheitle receives funding from the National Science Foundation and the John Templeton Foundation. The research discussed in this article was supported by a grant from the Science and Religion: Identity and Belief Formation grant initiative spearheaded by the Religion and Public Life Program at Rice University and the University of California-San Diego and provided by the Templeton Religion Trust via The Issachar Fund.

    Bernard DiGregorio receives funding from the National Science Foundation. The research discussed in this article was funded by a grant from the Science and Religion: Identity and Belief Formation grant initiative spearheaded by the Religion and Public Life Program at Rice University and the University of California-San Diego and provided by the Templeton Religion Trust via The Issachar Fund.

    Katie E. Corcoran receives funding from the National Science Foundation, the John Templeton Foundation, and the Patient-Centered Outcomes Research Institute. The research discussed in this article was supported by a grant from the Science and Religion: Identity and Belief Formation grant initiative spearheaded by the Religion and Public Life Program at Rice University and the University of California-San Diego and provided by the Templeton Religion Trust via The Issachar Fund.

    – ref. Angels, witches, crystals and black cats: How supernatural beliefs vary across different groups in the US – https://theconversation.com/angels-witches-crystals-and-black-cats-how-supernatural-beliefs-vary-across-different-groups-in-the-us-258377

    MIL OSI –

  • MIL-OSI Analysis: California farmers identify a hot new cash crop: Solar power

    Source: The Conversation – USA (2) – By Jacob Stid, Ph.D. student in Hydrogeology, Michigan State University

    This dairy farm in California’s Central Valley has installed solar panels on a portion of its land. George Rose/Getty Images

    Imagine that you own a small, 20-acre farm in California’s Central Valley. You and your family have cultivated this land for decades, but drought, increasing costs and decreasing water availability are making each year more difficult.

    Now imagine that a solar-electricity developer approaches you and presents three options:

    • You can lease the developer 10 acres of otherwise productive cropland, on which the developer will build an array of solar panels and sell electricity to the local power company.
    • You can select 1 or 2 acres of your land on which to build and operate your own solar array, using some electricity for your farm and selling the rest to the utility.
    • Or you can keep going as you have been, hoping your farm can somehow survive.

    Thousands of farmers across the country, including in the Central Valley, are choosing one of the first two options. A 2022 survey by the U.S. Department of Agriculture found that roughly 117,000 U.S. farm operations have some type of solar device. Our own work has identified over 6,500 solar arrays currently located on U.S. farmland.

    Our study of nearly 1,000 solar arrays built on 10,000 acres of the Central Valley over the past two decades found that solar power and farming are complementing each other in farmers’ business operations. As a result, farmers are making and saving more money while using less water – helping them keep their land and livelihood.

    A hotter, drier and more built-up future

    Perhaps nowhere in the U.S. is farmland more valuable or more productive than California’s Central Valley. The region grows a vast array of crops, including nearly all of the nation’s production of almonds, olives and sweet rice. Using less than 1% of all farmland in the country, the Central Valley supplies a quarter of the nation’s food, including 40% of its fruits, nuts and other fresh foods.

    The food, fuel and fiber that these farms produce are a bedrock of the nation’s economy, food system and way of life.

    But decades of intense cultivation, urban development and climate change are squeezing farmers. Water is limited, and getting more so: A state law passed in 2014 requires farmers to further reduce their water usage by the mid-2040s.

    California’s Central Valley is some of the most productive cropland in the country.
    Citizen of the Planet/UCG/Universal Images Group via Getty Images

    The trade-offs of installing solar on agricultural land

    When the solar arrays we studied were installed, California state solar energy policy and incentives gave farm landowners new ways to diversify their income by either leasing their land for solar arrays or building their own.

    There was an obvious trade-off: Turning land used for crops to land used for solar usually means losing agricultural production. We estimated that over the 25-year life of the solar arrays, this land would have produced enough food to feed 86,000 people a year, assuming they eat 2,000 calories a day.

    There was an obvious benefit, too, of clean energy: These arrays produced enough renewable electricity to power 470,000 U.S. households every year.

    But the result we were hoping to identify and measure was the economic effect of shifting that land from agricultural farming to solar farming. We found that farmers who installed solar were dramatically better off than those who did not.

    They were better off in two ways, the first being financially. All the farmers, whether they owned their own arrays or leased their land to others, saved money on seeds, fertilizer and other costs associated with growing and harvesting crops. They also earned money from leasing the land, offsetting farm energy bills, and selling their excess electricity.

    Farmers who owned their own arrays had to pay for the panels, equipment and installation, and maintenance. But even after covering those costs, their savings and earnings added up to US$50,000 per acre of profits every year, 25 times the amount they would have earned by planting that acre.

    Farmers who leased their land made much less money but still avoided costs for irrigation water and operations on that part of their farm, gaining $1,100 per acre per year – with no up-front costs.

    The farmers also conserved water, which in turn supported compliance with the state’s Sustainable Groundwater Management Act water use reduction requirements. Most of the solar arrays were installed on land that had previously been irrigated. We calculated that turning off irrigation on this land saved enough water every year to supply about 27 million people with drinking water or irrigate 7,500 acres of orchards. Following solar array installation, some farmers also fallowed surrounding land, perhaps enabled by the new stable income stream, which further reduced water use.

    Irrigation is key to cropland productivity in California’s Central Valley. Covering some land with solar panels eliminates the need for irrigation of that area, saving water for other uses elsewhere.
    Citizen of the Planet/UCG/Universal Images Group via Getty Images

    Changes to food and energy production

    Farmers in the Central Valley and elsewhere are now cultivating both food and energy. This shift can offer long-term security for farmland owners, particularly for those who install and run their own arrays.

    Recent estimates suggest that converting between 1.1% and 2.4% of the country’s farmland to solar arrays would, along with other clean energy sources, generate enough electricity to eliminate the nation’s need for fossil fuel power plants.

    Though many crops are part of a global market that can adjust to changes in supply, losing this farmland could affect the availability of some crops. Fortunately, farmers and landowners are finding new ways to protect farmland and food security while supporting clean energy.

    One such approach is agrivoltaics, where farmers install solar designed for grazing livestock or growing crops beneath the panels. Solar can also be sited on less productive farmland or on farmland that is used for biofuels rather than food production.

    Even in these areas, arrays can be designed and managed to benefit local agriculture and natural ecosystems. With thoughtful design, siting and management, solar can give back to the land and the ecosystems it touches.

    Farms are much more than the land they occupy and the goods they produce. Farms are run by people with families, whose well-being depends on essential and variable resources such as water, fertilizer, fuel, electricity and crop sales. Farmers often borrow money during the planting season in hopes of making enough at harvest time to pay off the debt and keep a little profit.

    Installing solar on their land can give farmers a diversified income, help them save water, and reduce the risk of bad years. That can make solar an asset to farming, not a threat to the food supply.

    Jacob Stid works for Michigan State University. Funding for this work came from the US Department of Agriculture’s National Institute of Food and Agriculture program and the Department of Earth and Environmental Sciences at Michigan State University. He also receives funding from the Foundation for Food and Agricultural Research.

    Annick Anctil receives funding from NSF and USDA.

    Anthony Kendall receives funding from the USDA, NASA, the NSF, and the Foundation for Food and Agricultural Research. He is an Assistant Professor at Michigan State University, and serves on the nonprofit board of the FLOW Water Advocates.

    – ref. California farmers identify a hot new cash crop: Solar power – https://theconversation.com/california-farmers-identify-a-hot-new-cash-crop-solar-power-259653

    MIL OSI Analysis –

  • MIL-OSI USA: U.S. proved reserves fell in 2023 from 2022 record

    Source: US Energy Information Administration

    In-brief analysis

    July 16, 2025

    U.S. proved reserves of crude oil and lease condensate totaled 46 billion barrels at year-end 2023, a 4% decline from the previous year’s record, according to our U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2023 report. U.S. proved reserves of natural gas fell to 604 trillion cubic feet, a 13% decline from their 2022 record. Both declines marked the first annual decrease in U.S. proved reserves for those fuels since 2020.

    Proved reserves are operator estimates of the volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in the future from known reservoirs under existing economic and operating conditions. Prices heavily affect estimates of proved reserves.

    Operators revised their proved reserves downward in response to falling prices in 2023 from the historical highs observed in 2022. Annual average wholesale prices at the domestic benchmarks for West Texas Intermediate crude oil and Henry Hub natural gas fell by 18% and 61%, respectively, between 2022 and 2023.

    North Dakota’s crude oil and lease condensate reserves decreased 12%, or 611 million barrels, from 2022, the largest annual net decline reported among all states. Alaska’s oil reserves decreased 11%, or 384 million barrels, the second-largest net decline. New Mexico’s reserves increased by 380 million barrels, the largest increase among the states in 2023.

    Alaska’s natural gas proved reserves decreased 23%, the largest annual net decline (28 trillion cubic feet) among all states in 2023. Texas had the second-largest net decline in proved reserves of natural gas (13%, or 21 trillion cubic feet). Montana reported the largest annual net increase in proved reserves of natural gas (11%, or 70 billion cubic feet).

    Our U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2023 report includes additional data on proved reserves, including crude oil and lease condensate reserves from shale plays by state and area. We estimate reserves for subdivisions within each state or area for some locations, namely California, Louisiana, New Mexico, Texas, and the Federal Offshore Gulf of America.

    Principal contributor: Steven Grape

    MIL OSI USA News –

  • MIL-OSI Security: Two Men Indicted on 22 Counts for Wire Fraud Conspiracy, Sale of Stolen Vehicles, and Trafficking Stolen Vehicles with Altered VINs

    Source: US FBI

    Greenbelt, Maryland – The U.S. Attorney’s Office for the District of Maryland unsealed a 22-count indictment, charging Jamaican national — Charles Edwards Madden, 39, of New Carrolton, Maryland — and Michael R. Bourne, 33, of New York, New York, with conspiracy, conspiracy to commit wire fraud, operating a chop shop, sale or receipt of stolen vehicles, and trafficking in motor vehicles with altered vehicle identification numbers (VINs).

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the indictment with Assistant Director in Charge Steven J. Jensen, Federal Bureau of Investigation (FBI) – Washington Field Office, and Chief George Nader, Prince George’s County Police Department (PGPD).

    According to the indictment, between at least January 2020, and continuing into June 2024, Madden and Bourne engaged in a conspiracy to buy and sell vehicles that they knew were stolen from various locations across the United States.  As part of the conspiracy, Madden and Bourne altered the VINs to conceal the stolen vehicle scheme and evade law enforcement. 

    Madden and Bourne combined parts from salvaged vehicles and resold them to victim purchasers in Maryland and elsewhere, concealing the prior salvage or damage status and misrepresenting their conditions to buyers.  During the conspiracy, Madden and Bourne obtained dozens of stolen vehicles collectively worth more than $1 million, many of which were transported to and altered in Prince George’s County, Maryland.

    If convicted, Madden and Bourne face a maximum of 20 years in federal prison for wire fraud conspiracy, a maximum of 10 years for sale or receipt of stolen vehicles, and a maximum of 10 years for trafficking in motor vehicles and motor vehicle parts.  Additionally, Madden is charged with operating a chop shop located in Prince George’s County which carries a maximum of 15 years.

    Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge determines sentencing after considering the U.S. Sentencing Guidelines and other statutory factors.

    An indictment is not a finding of guilt.  Individuals charged by indictment are presumed innocent until proven guilty at a later criminal proceeding.

    U.S. Attorney Hayes commended the FBI and PGPD for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorney Megan S. McKoy and Trial Attorneys Amy Schwartz and Alyssa Levey-Weinstein, Justice Department Violent Crime and Racketeering Section, who are prosecuting this case.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to report fraud, please visit justice.gov/usao-md and justice.gov/usao-md/report-fraud.

    # # #

    MIL Security OSI –

  • MIL-OSI: Goosehead Insurance, Inc. to Report Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    WESTLAKE, Texas, July 16, 2025 (GLOBE NEWSWIRE) — Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), announced today that it will report its second quarter 2025 results after the market close on Wednesday, July 23, 2025.

    The company will hold a conference call to discuss results at 4:30 PM ET on July 23rd. To access the call by phone, participants should go to this link (registration link), and you will be provided with the dial in details. A live webcast of the conference call will also be available on Goosehead’s investor relations website at ir.gooseheadinsurance.com.

    A webcast replay of the call will be available at ir.gooseheadinsurance.com for one year following the call.

    About Goosehead
    Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Goosehead was founded on the premise that the consumer should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 150 insurance companies that underwrite personal and commercial lines. For more information, please visit goosehead.com or goosehead.com/become-a-franchisee.

    Contacts

    Investor Contact:

    Dan Farrell
    Goosehead Insurance – VP Capital Markets
    Phone: (214) 838-5290
    E-mail: dan.farrell@goosehead.com; IR@goosehead.com

    PR Contact

    Mission North for Goosehead Insurance
    Email: goosehead@missionnorth.com; PR@goosehead.com

    The MIL Network –

  • MIL-OSI: DIAGNOS Files FDA Pre-Submission for its CARA System: Strategic Entry into the U.S. Optometry Market with Support from ORA LLC

    Source: GlobeNewswire (MIL-OSI)

    BROSSARD, Quebec, July 16, 2025 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a Canadian leader in artificial intelligence (AI) for the early detection of retinal and systemic diseases, is proud to announce that it has formally submitted a Pre-Submission (Q-sub) to the U.S. Food and Drug Administration (FDA) for its flagship CARA System. This filing marks the first strategic step toward regulatory clearance and commercial deployment in the U.S. optometry market.

    The CARA System—DIAGNOS’ cloud-based platform—is designed to inform optometrists by providing AI-assisted analysis of retinal images to detect indicators of Diabetic Retinopathy (DR), Hypertensive Retinopathy (HR), Age-Related Macular Degeneration (ARMD), and other vascular or macular anomalies.

    The United States hosts approximately 49,300 actively practicing optometrists, according to the U.S. Bureau of Labor Statistics (May 2023) who, to the American Optometric Association, perform an estimated 88 million comprehensive eye exams annually. Given this high volume of routine evaluations, DIAGNOS sees a strong market for its AI assisted solution which is designed to enhance efficiency, ensure greater consistency, and support early detection in everyday optometric practice.

    Enhancing Optometry Through AI-Driven Microcirculation Analysis

    The CARA System also enables evaluation of the retina’s microcirculation—an important window into systemic vascular health—by analyzing subtle vascular changes that may indicate early disease.

    “CARA has been designed to perform image analysis and provide informative results at the fingertips of optometrists, giving them more time to focus on meaningful patient interactions and recenter the patient at the heart of the visit,” said Yves-Stéphane Couture, Chief Operating Officer of DIAGNOS.

    By delivering fast, AI-driven insights through a streamlined, intuitive interface, CARA not only accelerates documentation—it also enhances the role of the optometrist by providing tools to detect early signs of Age-Related Macular Degeneration (ARMD), Diabetic Retinopathy (DR), and Hypertensive Retinopathy (HR), supporting more accurate referrals and timely intervention for systemic conditions.

    The eye is a window into your heart—and DIAGNOS gives optometrists the clarity to see through it. We are proud to take this significant step toward entering the U.S. market. We would like to express our sincere appreciation to ORA for their outstanding regulatory support and ophthalmic device expertise, which have been instrumental throughout the pre-submission process.”

    CARA’s dataset is the result of screenings conducted in 16 countries, encompassing retinal images from over 450,000 patients. This global foundation ensures the robustness and adaptability of the system across diverse populations, enabling more reliable detection and information for clinical decision-making in various healthcare settings.

    About DIAGNOS

    DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale.

    Additional information is available at www.diagnos.com and www.sedarplus.com.

    This press release contains forward-looking information. We cannot guarantee that the forward-looking information mentioned will prove to be accurate, as there may be a significant discrepancy between actual results or future events and those mentioned in this statement. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this press release is expressly covered by this caution.

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

    The MIL Network –

  • MIL-OSI: DIAGNOS Files FDA Pre-Submission for its CARA System: Strategic Entry into the U.S. Optometry Market with Support from ORA LLC

    Source: GlobeNewswire (MIL-OSI)

    BROSSARD, Quebec, July 16, 2025 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a Canadian leader in artificial intelligence (AI) for the early detection of retinal and systemic diseases, is proud to announce that it has formally submitted a Pre-Submission (Q-sub) to the U.S. Food and Drug Administration (FDA) for its flagship CARA System. This filing marks the first strategic step toward regulatory clearance and commercial deployment in the U.S. optometry market.

    The CARA System—DIAGNOS’ cloud-based platform—is designed to inform optometrists by providing AI-assisted analysis of retinal images to detect indicators of Diabetic Retinopathy (DR), Hypertensive Retinopathy (HR), Age-Related Macular Degeneration (ARMD), and other vascular or macular anomalies.

    The United States hosts approximately 49,300 actively practicing optometrists, according to the U.S. Bureau of Labor Statistics (May 2023) who, to the American Optometric Association, perform an estimated 88 million comprehensive eye exams annually. Given this high volume of routine evaluations, DIAGNOS sees a strong market for its AI assisted solution which is designed to enhance efficiency, ensure greater consistency, and support early detection in everyday optometric practice.

    Enhancing Optometry Through AI-Driven Microcirculation Analysis

    The CARA System also enables evaluation of the retina’s microcirculation—an important window into systemic vascular health—by analyzing subtle vascular changes that may indicate early disease.

    “CARA has been designed to perform image analysis and provide informative results at the fingertips of optometrists, giving them more time to focus on meaningful patient interactions and recenter the patient at the heart of the visit,” said Yves-Stéphane Couture, Chief Operating Officer of DIAGNOS.

    By delivering fast, AI-driven insights through a streamlined, intuitive interface, CARA not only accelerates documentation—it also enhances the role of the optometrist by providing tools to detect early signs of Age-Related Macular Degeneration (ARMD), Diabetic Retinopathy (DR), and Hypertensive Retinopathy (HR), supporting more accurate referrals and timely intervention for systemic conditions.

    The eye is a window into your heart—and DIAGNOS gives optometrists the clarity to see through it. We are proud to take this significant step toward entering the U.S. market. We would like to express our sincere appreciation to ORA for their outstanding regulatory support and ophthalmic device expertise, which have been instrumental throughout the pre-submission process.”

    CARA’s dataset is the result of screenings conducted in 16 countries, encompassing retinal images from over 450,000 patients. This global foundation ensures the robustness and adaptability of the system across diverse populations, enabling more reliable detection and information for clinical decision-making in various healthcare settings.

    About DIAGNOS

    DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale.

    Additional information is available at www.diagnos.com and www.sedarplus.com.

    This press release contains forward-looking information. We cannot guarantee that the forward-looking information mentioned will prove to be accurate, as there may be a significant discrepancy between actual results or future events and those mentioned in this statement. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this press release is expressly covered by this caution.

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

    The MIL Network –

  • MIL-OSI: Announcement of Premier PDF Solutions 2025 Semiconductor Industry Events

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., July 16, 2025 (GLOBE NEWSWIRE) — PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor and electronics ecosystems, today announces that it will host two important semiconductor industry events in 2025.

    Connected Equipment Summit
    On October 9th, 2025, PDF Solutions will host its inaugural Connected Equipment Summit in Chandler, Arizona. This premier industry event will showcase the Company’s latest innovations in equipment connectivity, secure remote access and monitoring, and the transformative applications of AI and digital twin technology in semiconductor equipment management.

    Following PDF Solutions’ acquisition of secureWISE LLC earlier in 2025, the summit will unveil the details of the Company’s strategic vision to combine Cimetrix factory automation software solutions with secureWISE capabilities to deliver superior equipment operational efficiency and secure collaboration across the entire semiconductor ecosystem.

    The event will feature insights from key stakeholders throughout the semiconductor value chain, including equipment makers, foundries, and fabless companies. These industry leaders will share their experiences and success stories implementing secureWISE solutions, demonstrating the tangible value of secure remote semiconductor equipment connectivity and control from multiple perspectives within the ecosystem.

    Additional information including agenda, logistics and registration for the Connected Equipment Summit can be found using the following link:
    https://go.pdf.com/l/814523/2025-06-04/c94lg

    Users Conference
    On December 3rd and 4th, 2025, PDF Solutions will host its Users Conference in Santa Clara, CA. This high-profile industry event will cover the breadth of the PDF Solutions platform products and feature expert insights, real-world case studies, and interactive discussions designed to address the most pressing challenges in modern semiconductor manufacturing. The conference will be held in conjunction with PDF Solutions’ Analyst Day on Wednesday, December 3rd.

    For over 30 years, PDF Solutions has anticipated and supported the semiconductor industry’s transformation and needs by delivering innovative solutions. Today, the industry faces accelerating innovation—3D architectures, chiplets, and sophisticated hybrid packages—while navigating increasingly complex supply chains. Simultaneously, AI promises to revolutionize semiconductor design and manufacturing, creating unprecedented efficiency gains across all levels.

    This dynamic landscape demands new levels of collaboration and integration among key semiconductor ecosystem players. A new type of industry platform is essential to unify these diverse stakeholders.

    At this event, PDF Solutions will unveil its latest platform innovations, specifically engineered to:

    • Manage the unique characteristics and massive volumes of design and manufacturing data
    • Enable secure collaboration with robust IP protection
    • Leverage AI embedded throughout its architecture to help each participant rapidly evaluate and optimize business decisions

    This comprehensive event will explore cutting-edge developments in semiconductor manufacturing technology and digital transformation. Key topics will include:

    Strategic Overview

    • Product Strategy & Roadmap: Latest updates on PDF Solutions’ strategic direction and product release plans

    Technology Leadership & Innovation

    • Leading-Edge Technology Development: Keynote presentation on breakthrough innovations and acceleration strategies
    • Digital Transformation in Manufacturing: Keynote and panel discussion examining enterprise integration challenges and solutions in semiconductor production

    Supply Chain & Operations

    • Global Supply Chain Integration: Strategic approaches to operational control across distributed semiconductor manufacturing networks

    Advanced Analytics & AI Solutions

    • Compound Semiconductor Analytics: Keynote and panel discussion focused on manufacturing analytics and yield optimization in compound semiconductor production
    • Manufacturing Data Lake Architecture: In-depth exploration of PDF Solutions’ latest semiconductor manufacturing data platform
    • Scalable Data Analytics & Visualization: Deep dive into next-generation manufacturing data analytics and visualization capabilities
    • AI Model Deployment Infrastructure: Comprehensive overview of scalable artificial intelligence deployment solutions

    Equipment Management & Control

    • Secure Manufacturing Equipment Control: Solutions for secure management and control of semiconductor manufacturing systems
    • AI-Powered Equipment Optimization: Advanced artificial intelligence applications for equipment performance and process control

    Additional information including agenda, speakers, logistics and registration for the PDF Solutions 2025 Users Conference can be found using the following link:
    https://events.pdf.com/

    About PDF Solutions
    PDF Solutions (Nasdaq: PDFS) provides comprehensive data solutions designed to empower organizations across the semiconductor and electronics industry ecosystem to improve the yield and quality of their products and operational efficiency for increased profitability. The Company’s products and services are used by Fortune 500 companies across the semiconductor and electronics ecosystem to achieve smart manufacturing goals by connecting and controlling equipment, collecting data generated during manufacturing and test operations, and performing advanced analytics and machine learning to enable profitable, high-volume manufacturing.

    Founded in 1991, PDF Solutions is headquartered in Santa Clara, California, with operations across North America, Europe, and Asia. The Company (directly or through one or more subsidiaries) is an active member of SEMI, INEMI, TPCA, IPC, the OPC Foundation, and DMDII. For the latest news and information about PDF Solutions or to find office locations, visit https://www.pdf.com.

    Headquartered in Santa Clara, California, PDF Solutions also operates worldwide in Canada, China, France, Germany, Italy, Japan, Korea, Sweden, and Taiwan. For the Company’s latest news and information, visit https://www.pdf.com

    PDF Solutions and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. and/or its subsidiaries in the United States and other countries.

    Company Contacts
    Christophe Begue
    VP, Corporate Strategic Marketing
    christophe.begue@pdf.com

    Sonia Segovia
    Investor Relations
    (408) 938-6491
    sonia.segovia@pdf.com

    The MIL Network –

  • MIL-OSI: Big Developments for Drone Stocks as White House Issues Executive Order to Unleash American Drone Dominance

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 16, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Two recent actions by the White House and the Department of Defense have been issued to cut the “Red Tape” and Unleash American Drone Dominance. An article in TheHill.com said that: “Secretary of Defense Pete Hegseth issued a new directive to fast-track U.S. drone production and “cut red tape,” he announced in a video posted to social media. A new Pentagon memo outlined the U.S. military’s need to keep pace as global military drone production has skyrocketed lately, and the war between Russia and Ukraine has revealed the increasing importance of using more drones for modern warfare. Hegseth made the announcement of the major overhaul in U.S. military drone policy in a social media video where he can be seen flanked by operating drones. Hegseth said the Pentagon is cutting “red tape” and speeding up production. He also said he wants service members from all branches of the military to be trained in drone operations. “We were brought here to rebuild the military and match capabilities to the threats of today,” said Hegseth. “So while our adversaries have produced millions of cheap drones before us, we were mired in bureaucratic red tape, not anymore.” Also an Executive Order from the White House on June 6, 2025 addressed the issue to Unleash American Drone Dominance. It said, in part: “The Department of Defense must be able to procure, integrate, and train using low-cost, high-performing drones manufactured in the United States.” Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), AeroVironment, Inc. (NASDAQ: AVAV), Unusual Machines, Inc. (NYSE American: UMAC).

    The order continued: “Within 90 days of the date of this order, the Secretary of Defense shall coordinate with the Secretary of Transportation, acting through the Administrator of the FAA to streamline the approval processes to expand access to airspace for conducting UAS training. Within 90 days of the date of this order, the Secretary of Defense shall, in consultation with the Secretary of Commerce, acting through the Assistant Secretary of Commerce for Communications and Information, and the Federal Communications Commission, submit a report to the President through the Assistant to the President for National Security Affairs (APNSA) describing any unnecessary barriers to accessing electromagnetic spectrum for conducting UAS training.”

    Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) Commander3 XL UAV Selected by Major Branch of the U.S. Department of Defense for Advanced Operation Initiatives – Draganfly Inc. (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions, software, and robotics, today announced the successful selection of its Commander3 XL (C3XL) UAV platform, also known as the ‘Swiss Army Knife’ of drones, by a major branch of the United States Department of Defense (DoD). This delivery supports next-generation deployment initiatives focused on advanced reconnaissance in combination with operational capabilities.

    The procurement was facilitated through a known prime contractor, with Draganfly engaging directly with end-user military stakeholders to ensure the platform was tailored to meet real-world mission requirements. The Commander3 XL platform is to be deployed for intelligence, surveillance, and reconnaissance (ISR) missions that require additional operational capabilities underscoring the growing demand for adaptable UAV platforms in active defense scenarios.

    “This delivery further validates the Commander3 XL’s reliability and versatility for frontline applications,” said Cameron Chell, CEO of Draganfly. “We’re honored to support the DoD’s commitment to autonomous and semi-autonomous multi-mission systems that enhance operational effectiveness.”

    The Commander3 XL is renowned for its robust flight performance, modular payload options, and mission-specific adaptability, making it a trusted platform for complex defense, security, and emergency response operations. CONTINUED… Read this full press release and more news for Draganfly at: https://draganfly.com/news/

    Other recent developments in the drone industry of note include:

    ZenaTech, Inc. (NASDAQ: ZENA), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, recently announced it will accelerate expansion of its Phoenix Arizona-based facilities — including tripling the square footage size — to enable full US drone manufacturing, assembly and testing. This expansion comes earlier than expected due to the recent transformative US policy directives from the White House, the Department of Defense, and the recently passed ‘One Big Beautiful Bill’ that collectively have unlocked federal funding for domestic production, cut outdated certification and procurement barriers, and fast-tracked deployment directly to frontline units without requiring Blue or Green UAS (Unmanned Aerial System) certification.

    These new directives make it dramatically easier and faster for American drone companies—especially those building Group 1 and 2 affordable drone systems—to sell directly to the military, scale production, and innovate without delays from traditional defense procurement bottlenecks. Together, they signal a clear national priority: build drones in America, field them fast, and outpace adversaries.

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently has successfully closed the previously announced registered direct offering with certain institutional investors for the purchase and sale of 6,448,276 shares of common stock resulting in gross proceeds of approximately $46.75 million, before deducting placement agent fees and other offering expenses. The offering closed on June 18, 2025.

    The Company intends to use net proceeds from the offering for general corporate and working capital purposes, including but not limited to operating expenditures related to its new unmanned surface vessel division.

    “We believe this financing positions Red Cat for significant growth in the drone industry and will accelerate our product development and production for our newly formed Unmanned Surface Vessels (USVs) division for the maritime autonomy market,” said Jeff Thompson, Founder, Chairman and Chief Executive Officer of Red Cat.

    AeroVironment, Inc. (NASDAQ: AVAV) recently announced that its Wildcat uncrewed aircraft system (UAS) has achieved a series of development milestones in support of the Defense Advanced Research Projects Agency’s (DARPA) Early VTOL Aircraft Demonstration (EVADE). Wildcat has successfully completed VTOL-to-forward-flight transitions, validated its core flight and propulsion systems, and begun integrating critical mission payloads—demonstrating rapid progress toward an operationally relevant capability.

    Wildcat is a Group 3, tail-sitting vertical take-off and landing (VTOL) aircraft designed for launch and recovery from ship decks in denied and distributed maritime environments. Its compact footprint, autonomous launch and recovery, and robust flight performance across high sea states make it a flexible and scalable solution for contested littoral operations.

    Unusual Machines, Inc. (NYSE American:UMAC), a leader in drone technology and component manufacturing, recently announced the appointment of Tim Manton, CPA, as Corporate Controller, reporting to Chief Financial Officer Brian Hoff. Manton brings more than 15 years of experience in financial operations, M&A, and reporting across high-growth and acquisition-driven companies.

    “Tim brings strong financial acumen and experience critical to dynamic, scaling environments,” said Hoff. “His background in M&A, systems integration, and financial oversight makes him a valuable addition as we sharpen our focus on execution and operational efficiency.”

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated twenty five hundred dollars for news coverage of the current press releases issued by Draganfly Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group, LLC.

    The MIL Network –

  • MIL-OSI: Bazaarvoice Holiday Shopping 2025 Report: 47% of Today’s Smart, Selective Holiday Shoppers Are Buying Early to Avoid Price Increases

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 16, 2025 (GLOBE NEWSWIRE) — Bazaarvoice, Inc., the leading platform for authentic ratings and reviews and social commerce solutions, today released its latest holiday shopping study based on a survey of more than 8,000 global shoppers. The results revealed that in a challenging economy shoppers are scrutinizing value, options, and convenience. They are starting to holiday shop earlier, seeking out sales and free shipping, and opting for budget-friendly brands. 

    “Holiday shopping is here,” said Doug Straton, CMO at Bazaarvoice. “Shoppers are shopping earlier, prioritizing value, and turning to the trusted voices of their peers to guide their decisions – via reviews, social posts and other types of user-generated content. As the lines between content, commerce, and community continue to blur, it’s clear that authenticity, convenience, and trust remain key for holiday retail success.”

    Global survey highlights include:

    • Holiday shoppers are getting smarter and more strategic: 38% of all shoppers start holiday shopping before October, just 9% start in December. Almost half (47%) say they’re buying early to avoid price increases, while the other half (51%) say they wait for major sales like Black Friday. When it comes to shipping, price trumps speed as 48% said they would buy another product to qualify for free shipping, while only 21% said they would do the same to qualify for faster shipping. Lastly, affordable options rule, with nearly 45% actively seeking value, budget-friendly brands/low-cost alternatives.
    • Social media is no longer just a search engine, it’s a checkout: Compared to 2024, holiday purchases on social media jumped nine points, while the number of shoppers discovering gifts on social media dropped 16 points. Social platforms are successfully converting their discovery advantage into a direct sales channel.
    • Omnichannel experiences are a shopper’s expectation: Shoppers no longer think in channels, they expect seamless journeys. While 74% are planning to buy holiday gifts online, 53% will still do in-store shopping in some capacity in 2025. Over half (56%) of those 18-34 favor online shopping, while 49% of those 35-54 value in-store experiences. 
    • Content creators are shoppers’ holiday shopping north star: Trust in creator recommendations for the holidays increased by 30% compared to last year. Shoppers are becoming less focused on the product and more focused on who’s recommending it. Those 18-34 are most open to influencer recommendations, with 55% preferring micro influencers or their friends/family over mega influencers.
    • Authenticity is still very valued: Shoppers who are checking reviews for authenticity while holiday shopping is up from 40% last year to 50% this year. On the flip side, acceptance of AI-generated social content declined from 33% to 20% year-over-year. 

    To see more about the report, visit Bazaarvoice’s Holiday Headquarters. 

    Research methodology
    The research was commissioned by Bazaarvoice and conducted in March 2025 by Savanta among over 8,000 consumers in the United States, United Kingdom, Germany, France, Australia, and Canada. 

    About Bazaarvoice
    Bazaarvoice is reshaping how brands and retailers connect with consumers by putting the consumer voice first, which includes ratings and reviews. With an end-to-end, commerce-empowered omni-channel content solutions and analytics platform, Bazaarvoice helps 14,000+ brands and retailers inform consumer decisions consistently and at scale at every stage of the shopper journey, on every platform where shoppers live. 2.5B shoppers use the Bazaarvoice Network on a monthly basis.

    Founded in 2005, Bazaarvoice is headquartered in Austin, Texas, with offices in North America, Europe, Australia, and India. For more information, visit www.bazaarvoice.com.

    Press Contact
    Lauren Venticinque
    Lauren.venticinque@bazaarvoice.com

    The MIL Network –

  • MIL-OSI: As Bitcoin Retreats from Record High, GoldenMining Launches Globally to Offer Investors a Reliable, Green Income Alternative

    Source: GlobeNewswire (MIL-OSI)

    New York, USA, July 16, 2025 (GLOBE NEWSWIRE) — As Bitcoin retreats from its recent all-time high of $123,000, investor sentiment is showing signs of shift. Rising exchange inflows and widespread profit-taking have injected fresh volatility into the crypto market, prompting many to seek more secure, stable income sources. In this shifting landscape, GoldenMining has officially launched its next-generation global cloud mining platform, offering a compelling, eco-friendly alternative for those looking to earn consistent daily rewards without the unpredictability of crypto trading.

    According to a recent CryptoQuant analysis by blockchain expert Terekonchain (July 14), retail and short-term whale investors have begun offloading assets, triggering a cooling-off period that’s left casual investors uncertain. With its official launch, GoldenMining steps in as a strategic solution—offering passive income through sustainable mining contracts, without requiring users to trade, hold, or manage cryptocurrencies manually.

    GoldenMining Officially Launches in 100+ Countries

    Headquartered in London, GoldenMining is now available to users in over 100 countries, offering an intuitive, hardware-free mining experience across both desktop and mobile platforms. The company supports a diverse range of short- and long-term cloud mining contracts—each designed to deliver daily rewards in popular cryptocurrencies like BTC, ETH, USDT, DOGE, SOL, and more.

    What sets GoldenMining apart is its deep commitment to sustainability. With more than 13 international data centers powered by wind and solar energy, the platform proudly aligns with its “Green Earth” initiative—making it a standout choice for environmentally conscious investors.

    Cloud Mining Contracts that Deliver Consistent Daily Income

    contract days Investment Amount Contract Rewards Total income
    Daily Sign-in Rewards 1 $15 $0.6 $15.6
    New User Contract  2 $100 $3 $106
    Bitmain S23 Hyd 5 $650 $42.25 $692.25
    AntminerL917GH 12 $1800   $287.28 $2087.28
    L916GH 30 $4500  $1890 $6390
    ElphaPex DG Hydro1 30 $7800 $3346 $11146
    ANTSPACE MD5 50 $50000 $1000 $100000

    Each contract is powered remotely, eliminating the need for expensive hardware, electricity costs, or complex configurations.

    Key Launch Highlights

    • $15 Sign-Up Bonus – New users get started instantly with a free contract.
    • Daily Payouts – Contracts pay daily income, even during market downturns.
    • Multi-Currency Support – BTC, ETH, USDT, XRP, DOGE, SOL, and more.
    • 100% Remote Mining – No equipment, no setup, no technical expertise needed.
    • Global Availability – Users in over 100 countries can access the platform.
    • 24/7 Multilingual Support – Round-the-clock assistance in multiple languages.
    • Green-Powered Data Centers – Mining operations powered by renewable energy.
    • Bank-Level Security – SSL encryption, AIG-insured contracts, and secure fund storage.

    Why This Launch Matters Now

    GoldenMining’s debut could not be more timely. With Bitcoin’s price pulling back and investor sentiment uncertain, this launch provides a clear, low-risk income alternative backed by real infrastructure and green energy. For anyone looking to diversify from high-volatility trading or get started in crypto without the learning curve, GoldenMining offers a compelling new pathway.

    “We believe everyone deserves a simple, secure way to earn from crypto—without harming the planet,” said a GoldenMining spokesperson. “Our global launch brings that vision to life.”

    Already, the platform has seen over $100 million in early contract settlements, with rapid expansion underway to meet surging demand.

     About GoldenMining

    GoldenMining is a UK-based green cloud mining provider that empowers individuals across the globe to participate in crypto mining without any technical barriers. With a focus on environmental sustainability, robust security, and user-friendly design, GoldenMining delivers an income opportunity that’s profitable, reliable, and accessible to everyone.

    For more information, please visit the official website GoldenMining.com
    or contact the official email address info@GoldenMining.com

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

    The MIL Network –

  • MIL-OSI: Plumas Bancorp Reports Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., July 16, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2025 of $6.3 million or $1.07 per share, a decrease of $465 thousand from $6.8 million or $1.15 per share during the second quarter of 2024. Diluted earnings per share decreased to $1.05 per share during the three months ended June 30, 2025 down from $1.14 per share during the quarter ended June 30, 2024.

    Return on average assets was 1.56% during the current quarter, down from 1.67% during the second quarter of 2024. Return on average equity decreased to 13.4% for the three months ended June 30, 2025, down from 17.1% during the second quarter of 2024.

    Net interest income decreased by $222 thousand from $18.4 million during the three months ended June 30, 2024, to $18.2 million during the current quarter. The provision for credit losses decreased from $925 thousand during the second quarter of 2024 to $860 thousand during the current quarter.

    Non-interest income increased by $159 thousand from $2.2 million during the three months ended June 30, 2024 to $2.4 million during the second quarter of 2025.

    Non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. Of this amount, $481 thousand relates to costs associated with our acquisition of Cornerstone Community Bancorp. We signed a definitive agreement to acquire Cornerstone Community Bancorp on January 28, 2025 and we completed the merger on July 1, 2025. Merger transaction costs that facilitate the merger are not deductible for income tax purposes. Of the $481 thousand in merger related costs, $239 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes decreased by $149 thousand from $2.5 million, 26.9% of pre-tax income, during the three months ended June 30, 2024 to $2.4 million, or 27.1% of pre-tax income, during the current quarter.

    For the six months ended June 30, 2025, the Company reported net income of $13.5 million or $2.28 per share, an increase of $461 thousand from $13.0 million or $2.21 per share earned during the six months ended June 30, 2024. Earnings per diluted share increased to $2.25 during the six months ended June 30, 2025, up $0.06 from $2.19 during the first six months of 2024.     

    Return on average assets was 1.67% during the six months ended June 30, 2025, up from 1.61% during the first half of 2024. Return on average equity decreased to 14.7% for the six months ended June 30, 2025, down from 16.7% during the first half of 2024.

    Net interest income increased by $860 thousand from $35.9 million during the six months ended June 30, 2024, to $36.7 million during the current period. The provision for credit losses decreased from $1.7 million during the first half of 2024 to $1.1 million during the current period.

    Non-interest income increased by $1.2 million from $4.3 million during the six months ended June 30, 2024 to $5.5 million during the first half of 2025 related primarily to a legal settlement totaling $1.1 million. This settlement related to the Dixie Fire which swept through the town of Greenville, California in August of 2021. The fire caused severe damage to the Greenville area, including the telecommunications infrastructure which adversely affected our ability to service our customers in this area during the last few years.

    Non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. Of this amount, $1.1 million relates to costs associated with our pending acquisition of Cornerstone Community Bancorp. Of the $1.1 million in merger related costs, $801 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes increased by $583 thousand from $4.6 million, or 26.2% of pre-tax income, during the six months ended June 30, 2024 to $5.2 million, or 27.8% of pre-tax income, during the current period.

    Balance Sheet Highlights
    June 30, 2025 compared to June 30, 2024

    • Gross loans increased by $21 million, or 2%, to $1.0 billion.
    • Total deposits increased by $62 million, or 5%, to $1.4 billion.
    • Borrowings decreased by $105 million, or 88% to $15 million.
    • Total equity increased by $28 million, or 17%, to $193 million.
    • Book value per share increased by $4.53, or 16%, to $32.54.

    President’s Comments

    Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, announced, “The third quarter of 2025 began with a major development for Plumas; we successfully completed our acquisitions of Cornerstone Community Bank and Bancorp, expanding our presence in California’s northern Sacramento Valley. We are thrilled to have Ken Robison, formerly a director at Cornerstone, join the boards of Plumas Bancorp and Bank. We also welcome Matt Moseley, former President and CEO of Cornerstone Community Bank, to the executive team as Market President. Their extensive leadership experience and market knowledge will be instrumental in the ongoing success of our combined organization.”

    Ryback continued, “Beyond the acquisition, we have also been focused on internal advancements. We are expanding our treasury management services to provide comprehensive, personalized banking solutions with enhanced security features. Simultaneously, we have gained efficiency in our lending process through on-going refinements to our lending platforms and department structures.”

    Ryback concluded, “We extend a warm welcome to the clients, employees, and shareholders of Cornerstone. We look forward to providing long-term value to our expanded shareholders, clients, team members, and communities.”

    Loans, Deposits, Investments and Cash

    Gross loans increased by $21 million, or 2%, from $997 million at June 30, 2024, to $1.0 billion at June 30, 2025. Increases in loans included $85 million in commercial real estate loans and $3 million in equity lines of credit; these items were partially offset by decreases of $29 million in automobile loans, $27 million in construction loans, $10 million in agricultural loans and $1 million in residential real estate loans.

    On   June 30, 2025, approximately 78% of the Company’s loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company’s lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 76% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 21% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

    Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. The increase in deposits includes increases of $67 million in money market accounts and $29 million in time deposits. Partially offsetting these increases were decreases of $2 million in demand deposits and $32 million in savings deposits. We attribute much of the increase in money market accounts to higher rate public entity deposits. At June 30, 2025, 49% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company had no brokered deposits at June 30, 2025 and June 30, 2024.

    Total investment securities decreased by $5 million from $445 million at June 30, 2024, to $440 million at June 30, 2025. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. Cash and due from banks decreased by $31 million from $110 million at June 30, 2024, to $79 million at June 30, 2025.

    Asset Quality

    Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2025 were $13.7 million, up from $9.1 million at June 30, 2024. Nonperforming assets as a percentage of total assets increased to 0.84% at June 30, 2025 up from 0.56% at June 30, 2024. OREO decreased by $50 thousand from $141 thousand at June 30, 2024 to $91 thousand at June 30, 2025. Nonperforming loans were $13.6 million at June 30, 2025 and $9.0 million at June 30, 2024. Nonaccrual loans totaled $13.6 million at June 30, 2025 and $2.5 million at June 30, 2024. At June 30, 2025 there were no loans 90 days or more past due that were not on nonaccrual. The difference between the $2.5 million in nonaccrual loans at June 30, 2024 and the $9 million in nonperforming loans in 2024 were loans that were over 90 days past due, but not on nonaccrual. Nonperforming loans as a percentage of total loans increased to 1.34% at June 30, 2025, up from 0.90% at June 30, 2024. The increase in nonperforming loans is related to one agricultural loan relationship of 15 loans totaling $9.9 million. The borrower on these loans was unable to meet his commitments under modified loan agreements and therefore during the quarter we placed the loans on nonaccrual status. Interest reversed on these loans during the current quarter totaled $344 thousand and specific loan loss reserves totaling $931 thousand were applied against the loans.

    During the first half of 2025 we recorded a provision for credit losses of $1.1 million consisting of a provision for credit losses on loans of $1.1 million and a decrease in the reserve for unfunded commitments of $40 thousand. The $1.1 million mostly relates to the specific loan loss reserves noted in the previous paragraph. This compares to a provision for credit losses of $1.7 million consisting of a provision for credit losses on loans of $1.8 million and a decrease in the reserve for unfunded commitments of $79 thousand during the six months ended June 30, 2024.

    Net charge-offs totaled $137 thousand and $610 thousand during the six months ended June 30, 2025 and 2024, respectively. The allowance for credit losses totaled $14.2 million at June 30, 2025 and $14.1 million at June 30, 2024. The allowance for credit losses as a percentage of total loans was 1.39% and 1.41% at June 30, 2025 and 2024.

    The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the six months ended June 30, 2025 and 2024 (in thousands).

    Allowance for Credit Losses   June 30, 2025     June 30, 2024
    Balance, beginning of period $ 13,196     $ 12,867  
    Provision charged to operations   1,150       1,825  
    Losses charged to allowance   (506 )     (1,010 )
    Recoveries                                   369       400  
    Balance, end of period $     14,209     $     14,082  
    Reserve for Unfunded
    Commitments    		  

    June 30, 2025

    		    

    June 30, 2024
    Balance, beginning of period $                                620     $ 799  
    Provision charged to operations   (40 )     (79 )
    Balance, end of period $                                 580     $ 720  

    Shareholders’ Equity

    Total shareholders’ equity increased by $27.9 million from $165.2 million at June 30, 2024, to $193.1 million at June 30, 2025. The $27.9 million includes earnings during the twelve-month period totaling $29.1 million, a decrease in accumulated other comprehensive loss of $4.4 million and restricted stock and stock option activity totaling $1.1 million. These items were partially offset by the payment of cash dividends totaling $6.7 million.

    Bank Term Funding Program (BTFP)

    At June 30, 2024, the Company had outstanding borrowings under BTFP totaling $105 million. All BTFP borrowings were paid off during 2024. Interest expense recognized on the BTFP borrowings for the three and six-months ended June 30, 2024, was $1.3 million and $2.5 million, respectively.

    Liquidity

    The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers’ borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.

    The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $255 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $439 million. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At June 30, 2025, the Company could borrow up to $98 million at the Discount Window secured by investment securities with a fair value of $101 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at June 30, 2025 and 2024.

    Customer deposits are the Company’s primary source of funds. Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $516 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $206 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

    The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future.

    Net Interest Income and Net Interest Margin – Three Months Ended June 30, 2025

    Net interest income was $18.2 million for the three months ended June 30, 2025, a decrease of $222 thousand from the same period in 2024. The decrease in net interest income includes a decrease of $527 thousand in interest income partially offset by a decrease of $305 thousand in interest expense. Interest and fees on loans increased by $200 thousand related to growth in the loan portfolio partially offset by a decline in yield.

    Average loan balances increased by $39 million, while the average yield on these loans decreased by 18 basis points from 6.32% during the second quarter of 2024 to 6.14% during the current quarter. Of the 18 basis points decrease, 13 basis points relate to the reversal of $344 thousand in interest previously described under “Asset Quality” The average prime interest rate decreased from 8.5% during the second quarter of 2024 to 7.5% during the current quarter. Approximately 16% of the Company’s loans are tied to the prime interest rate and most of these reprice within one to three months with a change in prime. Additionally, during the second quarter of 2024 we recovered $316 thousand in interest on loans that were classified as nonaccrual and which were paid off in full during the quarter which elevated loan yield during the 2024 quarter. The effect of these items was partially offset by an increase in average yield on the bank’s fixed rate portfolio which includes growth in fixed rate SBA loans which totaled $75 million at June 30, 2025, and $62 million at June 30, 2024. The weighted average rate earned on this portfolio at June 30, 2025, was 8.3%. The Bank is also benefiting from the repricing of a portion of our Commercial Real Estate loans. Most of these loans are indexed to the 5-year Treasury note and reprice every five years.

    Interest on investment securities decreased by $30 thousand as yield on these securities decreased slightly from 4.11% during the 2024 quarter to 4.08% during the current quarter and average investment securities declined from $444 million during the three months ended June 30, 2024 to $442 million during the current quarter.

    Interest on cash balances decreased by $697 thousand related to a decline in average balance of $42 million and a decrease in average rate paid on cash balances of 104 basis points from 5.51% during the second quarter of 2024 to 4.47% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 5.40% during the second quarter of 2024 to 4.40% during the current quarter.

    Interest expense decreased by $305 thousand, related to the repayment of the BTFP borrowings as discussed earlier. The average rate paid on interest bearing liabilities decreased from 1.44% during the 2024 quarter to 1.33% in 2025 related to the decrease in these borrowings.

    Interest paid on deposits increased by $968 thousand and is broken down by product type as follows: money market accounts – $815 thousand, savings deposits – $83 thousand and time deposits $70 thousand. The increase in interest paid on money market accounts mostly relates to an increase in public entity balances and the rate earned on these balances. During the second half of 2024 and continuing into 2025, we have offered a premium money market rate on large balances of public entities in our service area, matching the rate they could earn from the California local agency investment fund. This has led to the significant increase in balances and rate paid on money market accounts. The average balance of money market accounts during the current quarter was $288 million, an increase of $72 million from $216 million during the three months ended June 30, 2024. The average rate paid on money market accounts increased 92 basis points to 1.79%. The increase in interest on savings accounts was driven by an increase in the average rate paid of 12 basis points to 34 basis points. The increase in interest on time deposits includes an increase in average balance of $23 million partially offset by a decline in average rate paid of 33 basis points to 2.53% as promotional time deposits issued in 2024 matured. Many of these promotional time deposits were renewed at lower rates. The average rate paid on interest-bearing deposits increased from 0.84% during the second quarter of 2024 to 1.30% during the current quarter. The average balance of interest-bearing deposits increased from $633 million during the three months ended June 30, 2024 to $705 million during the quarter.

    Net interest margin for the three months ended June 30, 2025 decreased 6 basis points to 4.83%, down from 4.89% for the same period in 2024. Excluding the $344 thousand in interest reversed described earlier, net interest margin for the three months ended June 30, 2025 would have been 4.93%.

    Net Interest Income and Net Interest Margin – Six Months Ended June 30, 2025

    Net interest income for the six months ended June 30, 2025 was $36.7 million, an increase of $860 thousand from the $35.9 million earned during the same period in 2024. The increase in net interest income includes an increase of $36 thousand in interest income and a reduction in interest expense of $824 thousand.

    Interest and fees on loans increased by $1.0 million related to an increase in average balance partially offset by a decline in yield. The average balance of loans during the six months ended June 30, 2025 was $1.0 billion, an increase of $44 million from $972 million during the same period in 2024. The average yield on loans decreased by 6 basis points from 6.21% during the first six months of 2024 to 6.15% during the current period.

    Interest on investment securities increased by $84 thousand related to an increase in yield of 21 basis points to 4.10% partially offset by a decline in average balance. The increase in investment yields is consistent with the increase in market rates and the restructuring of the investment portfolio in February of 2024. Average investment securities declined from $462 million during the six months ended June 30, 2024 to $443 million during the current period.

    Interest on cash balances declined by $1.1 million related to both a decline in balance and a decline in yield. The rate earned on cash balances declined by 104 basis points to 4.5% and the average balance declined from $81.8 million during the first six months of 2024 to $53.8 million during the current period.

    Related to a $2.5 million decline in interest on BTFP borrowings partially offset by an increase in interest bearing deposits and an increase in the cost of these deposits, interest expense decreased from $5.3 million during the six months ended June 30, 2024 to $4.5 million during the current period. The average rate paid on interest bearing liabilities decreased from 1.39% during the 2024 period to 1.24% in 2025.

    Interest paid on deposits increased by $1.7 million and is broken down by product type as follows: money market accounts – $1.6 million and savings deposits – $109 thousand. The average rate paid on interest-bearing deposits increased from 0.79% during the six months ended June 30, 2024 to 1.21% during the current period. Average interest-bearing deposits totaled $698 million during the first half of 2025 an increase of $62 million from $636 million during the first half of 2024.

    Net interest margin for the six months ended June 30, 2025 increased 13 basis points to 4.89%, up from 4.76% for the same period in 2024.

    Non-Interest Income/Expense – Three Months Ended June 30, 2025

    Non-interest income increased by $159 thousand to $2.4 million during the current quarter. The largest increase was related to a $184 thousand adjustment to the value of our stock holdings in one of our correspondent banks.

    During the three months ended June 30, 2025, total non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. The largest components of this increase were merger related expenses of $481 thousand and salary and benefit expense of $270 thousand. The increase in salary and benefit expense includes an increase in salary expense of $216 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $144 thousand was offset by a decline in commission expense of $180 thousand. Both items mostly relate to a decline in SBA loan production during the comparison quarters.

    Non-Interest Income/Expense – Six Months Ended June 30, 2025

    During the six months ended June 30, 2025, non-interest income totaled $5.6 million, an increase of $1.2 million from the six months ended June 30, 2024. The largest component of this increase was a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021.

    During the six months ended June 30, 2025, total non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. The largest components of this increase were merger related expenses of $1.1 million, salary and benefit expenses of $784 thousand and occupancy and equipment expenses of $425 thousand. The increase in salary and benefit expense included an increase in salary expense of $484 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $257 thousand was offset by a decline in commission expense of $317 thousand. Both items mostly relate to a decline in SBA loan production during the comparison periods. The increase in occupancy and equipment expense mostly relates to an increase in rent expense of $374 thousand related to the February 2024 sales/leaseback transaction. Partially offsetting these increases in expense were several reductions in non-interest expense the largest of which was a reduction in professional fees of $320 thousand. Included in professional fees during the six months ended June 30, 2024 were legal expenses totaling $188 thousand related to a litigation matter that was settled in the second half of 2024.

    Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

    Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

    Contact: Jamie Huynh
    Investor Relations
    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    PLUMAS BANCORP
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
      As of June 30,        
      2025   2024   Dollar
    Change    		   Percentage
    Change
    ASSETS              
    Cash and due from banks $ 79,266   $ 109,852   $ (30,586)   (27.8)%
    Investment securities 439,676   445,132   (5,456)   (1.2)%
    Loans, net of allowance for credit losses 1,006,873   986,517   20,356   2.1%
    Premises and equipment, net 12,065   12,868   (803)   (6.2)%
    Right-of-use assets 23,912   24,975   (1,063)   (4.3)%
    Bank owned life insurance 16,736   16,310   426   2.6%
    Real estate acquired through foreclosure 91   141   (50)   (35.5)%
    Goodwill 5,502   5,502   –   0.0%
    Accrued interest receivable and other assets 44,396   40,800   3,596   8.8%
    Total assets $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
    LIABILITIES AND              
       SHAREHOLDERS’ EQUITY  
    Deposits $ 1,366,827   $ 1,304,587   $ 62,240   4.8%
    Accrued interest payable and other liabilities 53,611   52,355   1,256   2.4%
    Borrowings 15,000   120,000   (105,000)   (87.5)%
    Total liabilities 1,435,438   1,476,942   (41,504)   (2.8)%
    Common stock 29,803   28,656   1,147   4.0%
    Retained earnings 183,954   161,608   22,346   13.8%
    Accumulated other comprehensive loss, net (20,678)   (25,109)   4,431   17.6%
    Shareholders’ equity 193,079   165,155   27,924   16.9%
    Total liabilities and shareholders’ equity $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
                   
    FOR THE THREE MONTHS ENDED JUNE 30, 2025   2024   Dollar
    Change    		   Percentage
    Change
                   
    Interest income $ 20,633   $ 21,160   $ (527)   (2.5)%
    Interest expense 2,450   2,755   (305)   (11.1)%
    Net interest income before provision for credit losses 18,183   18,405   (222)   (1.2)%
    Provision for credit losses 860   925   (65)   (7.0)%
    Net interest income after provision for credit losses 17,323   17,480   (157)   (0.9)%
    Non-interest income 2,361   2,202   159   7.2%
    Non-interest expense 11,012   10,396   616   5.9%
    Income before income taxes 8,672   9,286   (614)   (6.6)%
    Provision for income taxes 2,351   2,500   (149)   (6.0)%
    Net income $ 6,321   $ 6,786   $ (465)   (6.9)%
                   
    Basic earnings per share $ 1.07   $ 1.15   $ (0.08)   (7.0)%
    Diluted earnings per share $ 1.05   $ 1.14   $ (0.09)   (7.9)%
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
              Dollar   Percentage
    FOR THE SIX MONTHS ENDED JUNE 30, 2025   2024   Change   Change
                   
    Interest income $ 41,223   $ 41,187   $ 36   0.1%
    Interest expense 4,501   5,325   (824)   (15.5)%
    Net interest income before provision for credit losses 36,722   35,862   860   2.4%
    Provision for credit losses 1,110   1,746   (636)   (36.4)%
    Net interest income after provision for credit losses 35,612   34,116   1,496   4.4%
    Non-interest income 5,574   4,342   1,232   28.4%
    Non-interest expense 22,477   20,793   1,684   8.1%
    Income before income taxes 18,709   17,665   1,044   5.9%
    Provision for income taxes 5,208   4,625   583   12.6%
    Net income $ 13,501   $ 13,040   $ 461   3.5%
                   
    Basic earnings per share $ 2.28   $ 2.21   $ 0.07   3.2%
    Diluted earnings per share $ 2.25   $ 2.19   $ 0.06   2.7%
             
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands, except per share data)
    (Unaudited)
                       
      Three Months Ended   Six Months Ended
      6/30/2025   3/31/2025   6/30/2024   6/30/2025   6/30/2024
    EARNINGS PER SHARE                  
    Basic earnings per share $ 1.07     $ 1.21     $ 1.15     $ 2.28     $ 2.21  
    Diluted earnings per share $ 1.05     $ 1.20     $ 1.14     $ 2.25     $ 2.19  
    Weighted average shares outstanding   5,929       5,911       5,896       5,920       5,892  
    Weighted average diluted shares outstanding   6,006       6,002       5,946       6,006       5,946  
    Cash dividends paid per share 1 $ 0.30     $ 0.30     $ 0.27     $ 0.60     $ 0.54  
                       
    PERFORMANCE RATIOS (annualized for the three months)            
    Return on average assets   1.56 %   1.79 %   1.67 %   1.67 %     1.61 %
    Return on average equity   13.4 %   16.0 %   17.1 %   14.7 %     16.7 %
    Yield on earning assets   5.48 %   5.50 %   5.62 %   5.49 %     5.46 %
    Rate paid on interest-bearing liabilities   1.33 %   1.14 %   1.44 %   1.24 %     1.39 %
    Net interest margin   4.83 %   4.95 %   4.89 %   4.89 %     4.76 %
    Noninterest income to average assets   0.58 %   0.80 %   0.54 %   0.69 %     0.54 %
    Noninterest expense to average assets   2.72 %   2.85 %   2.56 %   2.79 %     2.57 %
    Efficiency ratio 2   53.6 %   52.7 %   50.4 %   53.1 %     51.7 %
                       
      6/30/2025   3/31/2025   6/30/2024   12/31/2024   12/31/2023
    CREDIT QUALITY RATIOS AND DATA                  
    Allowance for credit losses $ 14,209     $ 13,319     $ 14,082     $ 13,196     $ 12,867  
    Allowance for credit losses as a percentage of total loans   1.39 %     1.32 %     1.41 %     1.30 %     1.34 %
    Nonperforming loans $ 13,652     $ 3,686     $ 8,974     $ 4,105     $ 4,820  
    Nonperforming assets $ 13,747     $ 3,787     $ 9,148     $ 4,307     $ 5,315  
    Nonperforming loans as a percentage of total loans   1.34 %     0.36 %     0.90 %     0.40 %     0.50 %
    Nonperforming assets as a percentage of total assets   0.84 %     0.23 %     0.56 %     0.27 %     0.33 %
    Year-to-date net charge-offs $ 137     $ 127     $ 610     $ 1,046     $ 954  
    Year-to-date net charge-offs as a percentage of average   0.03 %     0.05 %     0.13 %   0.11 %     0.10 %
    loans (annualized)      
                       
    CAPITAL AND OTHER DATA                  
    Common shares outstanding at end of period   5,934       5,922       5,896       5,903       5,872  
    Shareholders’ equity $ 193,079     $ 187,603     $ 165,155     $ 177,899     $ 147,317  
    Book value per common share $ 32.54     $ 31.68     $ 28.01     $ 30.14     $ 25.09  
    Tangible common equity3 $ 186,874     $ 181,354     $ 158,763     $ 171,606     $ 140,823  
    Tangible book value per common share4 $ 31.49     $ 30.62     $ 26.93     $ 29.07     $ 23.98  
    Tangible common equity to total assets   11.5 %     11.1 %     9.7 %     10.6 %     8.7 %
    Gross loans to deposits   74.7 %     73.6 %     76.4 %     74.1 %     71.9 %
                       
    PLUMAS BANK REGULATORY CAPITAL RATIOS              
    Tier 1 Leverage Ratio   12.7 %     12.3 %     11.3 %     11.9 %     10.8 %
    Common Equity Tier 1 Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Tier 1 Risk-Based Capital Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Total Risk-Based Capital Ratio   19.2 %     19.0 %     17.6 %     18.5 %     16.9 %
    (1) The Company paid a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025 and a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024 and a quarterly cash dividend of $0.25 per share on February 15, 2023, May 15, 2023 , August 15, 2023 and November 15, 2023.
    (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).   
    (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill.      
    (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding.    
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Three Months Ended   For the Three Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,020,004   $ 15,612   6.14 %   $ 980,723   $ 15,412   6.32 %
    Investment securities     369,624     3,913   4.25 %     367,841     3,932   4.30 %
    Non-taxable investment securities (1)     72,719     591   3.26 %     76,275     602   3.17 %
    Interest-bearing deposits     46,368     517   4.47 %     88,607     1,214   5.51 %
    Total interest-earning assets     1,508,715     20,633   5.48 %     1,513,446     21,160   5.62 %
    Cash and due from banks     26,880             26,859        
    Other assets     87,117             90,092        
    Total assets   $ 1,622,712           $ 1,630,397        
                             
    Interest-bearing liabilities:                        
    Money market deposits     287,707     1,283   1.79 %     215,614     468   0.87 %
    Savings deposits     298,989     257   0.34 %     322,919     174   0.22 %
    Time deposits     118,057     744   2.53 %     94,684     674   2.86 %
    Total deposits     704,753     2,284   1.30 %     633,217     1,316   0.84 %
    Borrowings     15,000     146   3.90 %     120,000     1,431   4.80 %
    Other interest-bearing liabilities     17,265     20   0.46 %     16,809     8   0.19 %
    Total interest-bearing liabilities     737,018     2,450   1.33 %     770,026     2,755   1.44 %
    Non-interest-bearing deposits     659,554             663,094        
    Other liabilities     37,112             37,794        
    Shareholders’ equity     189,028             159,483        
    Total liabilities & equity   $ 1,622,712           $ 1,630,397        
    Cost of funding interest-earning assets (4)           0.65 %           0.73 %
    Net interest income and margin (5)       $ 18,183   4.83 %       $ 18,405   4.89 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $4.1 million for 2025 and $4.2 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the three-month periods ended June 30, 2025 and 2024 were $196 thousand and $338 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the six-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Six Months Ended   For the Six Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,016,008   $ 31,008   6.15 %   $ 972,427   $ 30,005   6.21 %
    Investment securities     369,376     7,840   4.28 %     369,815     7,537   4.10 %
    Non-taxable investment securities (1)     73,795     1,174   3.21 %     92,225     1,393   3.04 %
    Interest-bearing deposits     53,845     1,201   4.50 %     81,807     2,252   5.54 %
    Total interest-earning assets     1,513,024     41,223   5.49 %     1,516,274     41,187   5.46 %
    Cash and due from banks     26,679             26,722        
    Other assets     86,732             85,300        
    Total assets   $ 1,626,435           $ 1,628,296        
                             
    Interest-bearing liabilities:                        
    Money market deposits     283,469     2,429   1.73 %     213,399     844   0.80 %
    Savings deposits     311,151     463   0.30 %     329,242     354   0.22 %
    Time deposits     103,304     1,288   2.51 %     93,092     1,304   2.82 %
    Total deposits     697,924     4,180   1.21 %     635,733     2,502   0.79 %
    Borrowings     15,000     290   3.90 %     117,170     2,798   4.80 %
    Other interest-bearing liabilities     19,216     31   0.33 %     19,260     25   0.26 %
    Total interest-bearing liabilities     732,140     4,501   1.24 %     772,163     5,325   1.39 %
    Non-interest-bearing deposits     670,961             668,441        
    Other liabilities     37,602             31,118        
    Shareholders’ equity     185,732             156,574        
    Total liabilities & equity   $ 1,626,435           $ 1,628,296        
    Cost of funding interest-earning assets (4)           0.60 %           0.70 %
    Net interest income and margin (5)       $ 36,722   4.89 %       $ 35,862   4.76 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $3.9 million for 2025 and $4.8 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the six-month periods ended June 30, 2025 and 2024 were $471 thousand and $682 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Interchange income $ 784   $ 782     2     0.3 %
    Service charges on deposit accounts   781     743     38     5.1 %
    Loan servicing fees   148     186     (38 )   (20.4 )%
    FHLB Dividends   135     136     (1 )   (0.7 )%
    Earnings on life insurance policies   108     104     4     3.8 %
    Other   405     251     154     61.4 %
    Total non-interest income $ 2,361   $ 2,202   $ 159     7.2 %
                   
    The following table presents the components of non-interest expense for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 5,553   $ 5,283   $ 270     5.1 %
    Occupancy and equipment   2,050     1,949     101     5.2 %
    Outside service fees   1,160     1,184     (24 )   (2.0 )%
    Merger and acquisition expenses   481     –     481     100.0 %
    Advertising and shareholder relations   273     214     59     27.6 %
    Armored car and courier   224     220     4     1.8 %
    Professional fees   219     329     (110 )   (33.4 )%
    Business development   188     210     (22 )   (10.5 )%
    Deposit insurance   180     185     (5 )   (2.7 )%
    Director compensation and expense   155     199     (44 )   (22.1 )%
    Telephone and data communication   124     204     (80 )   (39.2 )%
    Loan collection expenses   51     117     (66 )   (56.4 )%
    Amortization of Core Deposit Intangible   44     51     (7 )   (13.7 )%
    Other   310     251     59     23.5 %
    Total non-interest expense $ 11,012   $ 10,396   $ 616     5.9 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Service charges on deposit accounts $ 1,486   $ 1,458     $ 28     1.9 %
    Interchange income   1,474     1,522       (48 )   (3.2 )%
    Loan servicing fees   334     388       (54 )   (13.9 )%
    FHLB Dividends   272     273       (1 )   (0.4 )%
    Earnings on life insurance policies   217     200       17     8.5 %
    Gain (loss) on sale of investment securities   3     (19,826 )     19,829     (100.0 )%
    Gain on sale of buildings   –     19,854       (19,854 )   (100.0 )%
    Other   1,788     473       1,315     278.0 %
    Total non-interest income $ 5,574   $ 4,342     $ 1,232     28.4 %
                   
    The following table presents the components of non-interest expense for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 11,433   $ 10,649     $ 784     7.4 %
    Occupancy and equipment   4,064     3,639       425     11.7 %
    Outside service fees   2,424     2,316       108     4.7 %
    Merger and acquisition expenses   1,050     –       1,050     100.0 %
    Advertising and shareholder relations   535     458       77     16.8 %
    Professional fees   448     768       (320 )   (41.7 )%
    Armored car and courier   441     422       19     4.5 %
    Deposit insurance   362     372       (10 )   (2.7 )%
    Business development   355     363       (8 )   (2.2 )%
    Director compensation and expense   321     366       (45 )   (12.3 )%
    Telephone and data communication   298     426       (128 )   (30.0 )%
    Loan collection expenses   122     221       (99 )   (44.8 )%
    Amortization of Core Deposit Intangible   87     102       (15 )   (14.7 )%
    Other   537     691       (154 )   (22.3 )%
    Total non-interest expense $ 22,477   $ 20,793     $ 1,684     8.1 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                     
    The following table shows the distribution of loans by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Commercial   $ 81,118   8.0 %   $ 81,170   8.1 %
    Agricultural     113,850   11.2 %     123,661   12.4 %
    Real estate – residential     11,053   1.1 %     11,755   1.2 %
    Real estate – commercial     673,129   66.1 %     588,332   59.0 %
    Real estate – construction & land     40,798   4.0 %     67,960   6.8 %
    Equity Lines of Credit     41,620   4.1 %     38,446   3.9 %
    Auto     51,487   5.1 %     80,751   8.1 %
    Other     4,791   0.4 %     5,259   0.5 %
    Total Gross Loans   $ 1,017,846   100 %   $ 997,334   100 %
                     
    The following table shows the distribution of Commercial Real Estate loans at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Owner occupied   $ 294,765   43.8 %   $ 240,346   40.9 %
    Investor     378,364   56.2 %     347,986   59.1 %
    Total real estate – commercial   $ 673,129   100 %   $ 588,332   100 %
                     
                     
    The following table shows the distribution of deposits by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Deposits in Each     Deposits in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Deposits   of Period   Total Deposits
        6/30/25   6/30/25   6/30/24   6/30/24
    Non-interest bearing   $ 668,086   48.9 %   $ 670,652   51.4 %
    Money Market     281,516   20.6 %     214,063   16.4 %
    Savings     290,440   21.2 %     322,081   24.7 %
    Time     126,785   9.3 %     97,791   7.5 %
    Total Deposits   $ 1,366,827   100 %   $ 1,304,587   100 %
                     

    The MIL Network –

  • MIL-OSI: Plumas Bancorp Reports Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., July 16, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2025 of $6.3 million or $1.07 per share, a decrease of $465 thousand from $6.8 million or $1.15 per share during the second quarter of 2024. Diluted earnings per share decreased to $1.05 per share during the three months ended June 30, 2025 down from $1.14 per share during the quarter ended June 30, 2024.

    Return on average assets was 1.56% during the current quarter, down from 1.67% during the second quarter of 2024. Return on average equity decreased to 13.4% for the three months ended June 30, 2025, down from 17.1% during the second quarter of 2024.

    Net interest income decreased by $222 thousand from $18.4 million during the three months ended June 30, 2024, to $18.2 million during the current quarter. The provision for credit losses decreased from $925 thousand during the second quarter of 2024 to $860 thousand during the current quarter.

    Non-interest income increased by $159 thousand from $2.2 million during the three months ended June 30, 2024 to $2.4 million during the second quarter of 2025.

    Non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. Of this amount, $481 thousand relates to costs associated with our acquisition of Cornerstone Community Bancorp. We signed a definitive agreement to acquire Cornerstone Community Bancorp on January 28, 2025 and we completed the merger on July 1, 2025. Merger transaction costs that facilitate the merger are not deductible for income tax purposes. Of the $481 thousand in merger related costs, $239 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes decreased by $149 thousand from $2.5 million, 26.9% of pre-tax income, during the three months ended June 30, 2024 to $2.4 million, or 27.1% of pre-tax income, during the current quarter.

    For the six months ended June 30, 2025, the Company reported net income of $13.5 million or $2.28 per share, an increase of $461 thousand from $13.0 million or $2.21 per share earned during the six months ended June 30, 2024. Earnings per diluted share increased to $2.25 during the six months ended June 30, 2025, up $0.06 from $2.19 during the first six months of 2024.     

    Return on average assets was 1.67% during the six months ended June 30, 2025, up from 1.61% during the first half of 2024. Return on average equity decreased to 14.7% for the six months ended June 30, 2025, down from 16.7% during the first half of 2024.

    Net interest income increased by $860 thousand from $35.9 million during the six months ended June 30, 2024, to $36.7 million during the current period. The provision for credit losses decreased from $1.7 million during the first half of 2024 to $1.1 million during the current period.

    Non-interest income increased by $1.2 million from $4.3 million during the six months ended June 30, 2024 to $5.5 million during the first half of 2025 related primarily to a legal settlement totaling $1.1 million. This settlement related to the Dixie Fire which swept through the town of Greenville, California in August of 2021. The fire caused severe damage to the Greenville area, including the telecommunications infrastructure which adversely affected our ability to service our customers in this area during the last few years.

    Non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. Of this amount, $1.1 million relates to costs associated with our pending acquisition of Cornerstone Community Bancorp. Of the $1.1 million in merger related costs, $801 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes increased by $583 thousand from $4.6 million, or 26.2% of pre-tax income, during the six months ended June 30, 2024 to $5.2 million, or 27.8% of pre-tax income, during the current period.

    Balance Sheet Highlights
    June 30, 2025 compared to June 30, 2024

    • Gross loans increased by $21 million, or 2%, to $1.0 billion.
    • Total deposits increased by $62 million, or 5%, to $1.4 billion.
    • Borrowings decreased by $105 million, or 88% to $15 million.
    • Total equity increased by $28 million, or 17%, to $193 million.
    • Book value per share increased by $4.53, or 16%, to $32.54.

    President’s Comments

    Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, announced, “The third quarter of 2025 began with a major development for Plumas; we successfully completed our acquisitions of Cornerstone Community Bank and Bancorp, expanding our presence in California’s northern Sacramento Valley. We are thrilled to have Ken Robison, formerly a director at Cornerstone, join the boards of Plumas Bancorp and Bank. We also welcome Matt Moseley, former President and CEO of Cornerstone Community Bank, to the executive team as Market President. Their extensive leadership experience and market knowledge will be instrumental in the ongoing success of our combined organization.”

    Ryback continued, “Beyond the acquisition, we have also been focused on internal advancements. We are expanding our treasury management services to provide comprehensive, personalized banking solutions with enhanced security features. Simultaneously, we have gained efficiency in our lending process through on-going refinements to our lending platforms and department structures.”

    Ryback concluded, “We extend a warm welcome to the clients, employees, and shareholders of Cornerstone. We look forward to providing long-term value to our expanded shareholders, clients, team members, and communities.”

    Loans, Deposits, Investments and Cash

    Gross loans increased by $21 million, or 2%, from $997 million at June 30, 2024, to $1.0 billion at June 30, 2025. Increases in loans included $85 million in commercial real estate loans and $3 million in equity lines of credit; these items were partially offset by decreases of $29 million in automobile loans, $27 million in construction loans, $10 million in agricultural loans and $1 million in residential real estate loans.

    On   June 30, 2025, approximately 78% of the Company’s loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company’s lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 76% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 21% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

    Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. The increase in deposits includes increases of $67 million in money market accounts and $29 million in time deposits. Partially offsetting these increases were decreases of $2 million in demand deposits and $32 million in savings deposits. We attribute much of the increase in money market accounts to higher rate public entity deposits. At June 30, 2025, 49% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company had no brokered deposits at June 30, 2025 and June 30, 2024.

    Total investment securities decreased by $5 million from $445 million at June 30, 2024, to $440 million at June 30, 2025. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. Cash and due from banks decreased by $31 million from $110 million at June 30, 2024, to $79 million at June 30, 2025.

    Asset Quality

    Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2025 were $13.7 million, up from $9.1 million at June 30, 2024. Nonperforming assets as a percentage of total assets increased to 0.84% at June 30, 2025 up from 0.56% at June 30, 2024. OREO decreased by $50 thousand from $141 thousand at June 30, 2024 to $91 thousand at June 30, 2025. Nonperforming loans were $13.6 million at June 30, 2025 and $9.0 million at June 30, 2024. Nonaccrual loans totaled $13.6 million at June 30, 2025 and $2.5 million at June 30, 2024. At June 30, 2025 there were no loans 90 days or more past due that were not on nonaccrual. The difference between the $2.5 million in nonaccrual loans at June 30, 2024 and the $9 million in nonperforming loans in 2024 were loans that were over 90 days past due, but not on nonaccrual. Nonperforming loans as a percentage of total loans increased to 1.34% at June 30, 2025, up from 0.90% at June 30, 2024. The increase in nonperforming loans is related to one agricultural loan relationship of 15 loans totaling $9.9 million. The borrower on these loans was unable to meet his commitments under modified loan agreements and therefore during the quarter we placed the loans on nonaccrual status. Interest reversed on these loans during the current quarter totaled $344 thousand and specific loan loss reserves totaling $931 thousand were applied against the loans.

    During the first half of 2025 we recorded a provision for credit losses of $1.1 million consisting of a provision for credit losses on loans of $1.1 million and a decrease in the reserve for unfunded commitments of $40 thousand. The $1.1 million mostly relates to the specific loan loss reserves noted in the previous paragraph. This compares to a provision for credit losses of $1.7 million consisting of a provision for credit losses on loans of $1.8 million and a decrease in the reserve for unfunded commitments of $79 thousand during the six months ended June 30, 2024.

    Net charge-offs totaled $137 thousand and $610 thousand during the six months ended June 30, 2025 and 2024, respectively. The allowance for credit losses totaled $14.2 million at June 30, 2025 and $14.1 million at June 30, 2024. The allowance for credit losses as a percentage of total loans was 1.39% and 1.41% at June 30, 2025 and 2024.

    The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the six months ended June 30, 2025 and 2024 (in thousands).

    Allowance for Credit Losses   June 30, 2025     June 30, 2024
    Balance, beginning of period $ 13,196     $ 12,867  
    Provision charged to operations   1,150       1,825  
    Losses charged to allowance   (506 )     (1,010 )
    Recoveries                                   369       400  
    Balance, end of period $     14,209     $     14,082  
    Reserve for Unfunded
    Commitments    		  

    June 30, 2025

    		    

    June 30, 2024
    Balance, beginning of period $                                620     $ 799  
    Provision charged to operations   (40 )     (79 )
    Balance, end of period $                                 580     $ 720  

    Shareholders’ Equity

    Total shareholders’ equity increased by $27.9 million from $165.2 million at June 30, 2024, to $193.1 million at June 30, 2025. The $27.9 million includes earnings during the twelve-month period totaling $29.1 million, a decrease in accumulated other comprehensive loss of $4.4 million and restricted stock and stock option activity totaling $1.1 million. These items were partially offset by the payment of cash dividends totaling $6.7 million.

    Bank Term Funding Program (BTFP)

    At June 30, 2024, the Company had outstanding borrowings under BTFP totaling $105 million. All BTFP borrowings were paid off during 2024. Interest expense recognized on the BTFP borrowings for the three and six-months ended June 30, 2024, was $1.3 million and $2.5 million, respectively.

    Liquidity

    The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers’ borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.

    The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $255 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $439 million. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At June 30, 2025, the Company could borrow up to $98 million at the Discount Window secured by investment securities with a fair value of $101 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at June 30, 2025 and 2024.

    Customer deposits are the Company’s primary source of funds. Total deposits increased by $62 million to $1.4 billion at June 30, 2025 from $1.3 billion at June 30, 2024. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $516 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $206 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

    The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future.

    Net Interest Income and Net Interest Margin – Three Months Ended June 30, 2025

    Net interest income was $18.2 million for the three months ended June 30, 2025, a decrease of $222 thousand from the same period in 2024. The decrease in net interest income includes a decrease of $527 thousand in interest income partially offset by a decrease of $305 thousand in interest expense. Interest and fees on loans increased by $200 thousand related to growth in the loan portfolio partially offset by a decline in yield.

    Average loan balances increased by $39 million, while the average yield on these loans decreased by 18 basis points from 6.32% during the second quarter of 2024 to 6.14% during the current quarter. Of the 18 basis points decrease, 13 basis points relate to the reversal of $344 thousand in interest previously described under “Asset Quality” The average prime interest rate decreased from 8.5% during the second quarter of 2024 to 7.5% during the current quarter. Approximately 16% of the Company’s loans are tied to the prime interest rate and most of these reprice within one to three months with a change in prime. Additionally, during the second quarter of 2024 we recovered $316 thousand in interest on loans that were classified as nonaccrual and which were paid off in full during the quarter which elevated loan yield during the 2024 quarter. The effect of these items was partially offset by an increase in average yield on the bank’s fixed rate portfolio which includes growth in fixed rate SBA loans which totaled $75 million at June 30, 2025, and $62 million at June 30, 2024. The weighted average rate earned on this portfolio at June 30, 2025, was 8.3%. The Bank is also benefiting from the repricing of a portion of our Commercial Real Estate loans. Most of these loans are indexed to the 5-year Treasury note and reprice every five years.

    Interest on investment securities decreased by $30 thousand as yield on these securities decreased slightly from 4.11% during the 2024 quarter to 4.08% during the current quarter and average investment securities declined from $444 million during the three months ended June 30, 2024 to $442 million during the current quarter.

    Interest on cash balances decreased by $697 thousand related to a decline in average balance of $42 million and a decrease in average rate paid on cash balances of 104 basis points from 5.51% during the second quarter of 2024 to 4.47% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 5.40% during the second quarter of 2024 to 4.40% during the current quarter.

    Interest expense decreased by $305 thousand, related to the repayment of the BTFP borrowings as discussed earlier. The average rate paid on interest bearing liabilities decreased from 1.44% during the 2024 quarter to 1.33% in 2025 related to the decrease in these borrowings.

    Interest paid on deposits increased by $968 thousand and is broken down by product type as follows: money market accounts – $815 thousand, savings deposits – $83 thousand and time deposits $70 thousand. The increase in interest paid on money market accounts mostly relates to an increase in public entity balances and the rate earned on these balances. During the second half of 2024 and continuing into 2025, we have offered a premium money market rate on large balances of public entities in our service area, matching the rate they could earn from the California local agency investment fund. This has led to the significant increase in balances and rate paid on money market accounts. The average balance of money market accounts during the current quarter was $288 million, an increase of $72 million from $216 million during the three months ended June 30, 2024. The average rate paid on money market accounts increased 92 basis points to 1.79%. The increase in interest on savings accounts was driven by an increase in the average rate paid of 12 basis points to 34 basis points. The increase in interest on time deposits includes an increase in average balance of $23 million partially offset by a decline in average rate paid of 33 basis points to 2.53% as promotional time deposits issued in 2024 matured. Many of these promotional time deposits were renewed at lower rates. The average rate paid on interest-bearing deposits increased from 0.84% during the second quarter of 2024 to 1.30% during the current quarter. The average balance of interest-bearing deposits increased from $633 million during the three months ended June 30, 2024 to $705 million during the quarter.

    Net interest margin for the three months ended June 30, 2025 decreased 6 basis points to 4.83%, down from 4.89% for the same period in 2024. Excluding the $344 thousand in interest reversed described earlier, net interest margin for the three months ended June 30, 2025 would have been 4.93%.

    Net Interest Income and Net Interest Margin – Six Months Ended June 30, 2025

    Net interest income for the six months ended June 30, 2025 was $36.7 million, an increase of $860 thousand from the $35.9 million earned during the same period in 2024. The increase in net interest income includes an increase of $36 thousand in interest income and a reduction in interest expense of $824 thousand.

    Interest and fees on loans increased by $1.0 million related to an increase in average balance partially offset by a decline in yield. The average balance of loans during the six months ended June 30, 2025 was $1.0 billion, an increase of $44 million from $972 million during the same period in 2024. The average yield on loans decreased by 6 basis points from 6.21% during the first six months of 2024 to 6.15% during the current period.

    Interest on investment securities increased by $84 thousand related to an increase in yield of 21 basis points to 4.10% partially offset by a decline in average balance. The increase in investment yields is consistent with the increase in market rates and the restructuring of the investment portfolio in February of 2024. Average investment securities declined from $462 million during the six months ended June 30, 2024 to $443 million during the current period.

    Interest on cash balances declined by $1.1 million related to both a decline in balance and a decline in yield. The rate earned on cash balances declined by 104 basis points to 4.5% and the average balance declined from $81.8 million during the first six months of 2024 to $53.8 million during the current period.

    Related to a $2.5 million decline in interest on BTFP borrowings partially offset by an increase in interest bearing deposits and an increase in the cost of these deposits, interest expense decreased from $5.3 million during the six months ended June 30, 2024 to $4.5 million during the current period. The average rate paid on interest bearing liabilities decreased from 1.39% during the 2024 period to 1.24% in 2025.

    Interest paid on deposits increased by $1.7 million and is broken down by product type as follows: money market accounts – $1.6 million and savings deposits – $109 thousand. The average rate paid on interest-bearing deposits increased from 0.79% during the six months ended June 30, 2024 to 1.21% during the current period. Average interest-bearing deposits totaled $698 million during the first half of 2025 an increase of $62 million from $636 million during the first half of 2024.

    Net interest margin for the six months ended June 30, 2025 increased 13 basis points to 4.89%, up from 4.76% for the same period in 2024.

    Non-Interest Income/Expense – Three Months Ended June 30, 2025

    Non-interest income increased by $159 thousand to $2.4 million during the current quarter. The largest increase was related to a $184 thousand adjustment to the value of our stock holdings in one of our correspondent banks.

    During the three months ended June 30, 2025, total non-interest expense increased by $616 thousand from $10.4 million during the second quarter of 2024 to $11.0 million during the current quarter. The largest components of this increase were merger related expenses of $481 thousand and salary and benefit expense of $270 thousand. The increase in salary and benefit expense includes an increase in salary expense of $216 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $144 thousand was offset by a decline in commission expense of $180 thousand. Both items mostly relate to a decline in SBA loan production during the comparison quarters.

    Non-Interest Income/Expense – Six Months Ended June 30, 2025

    During the six months ended June 30, 2025, non-interest income totaled $5.6 million, an increase of $1.2 million from the six months ended June 30, 2024. The largest component of this increase was a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021.

    During the six months ended June 30, 2025, total non-interest expense increased by $1.7 million from $20.8 million during the first half of 2024 to $22.5 million during the current period. The largest components of this increase were merger related expenses of $1.1 million, salary and benefit expenses of $784 thousand and occupancy and equipment expenses of $425 thousand. The increase in salary and benefit expense included an increase in salary expense of $484 thousand related primarily to merit and promotional salary increases. A decrease in deferred loan origination fees of $257 thousand was offset by a decline in commission expense of $317 thousand. Both items mostly relate to a decline in SBA loan production during the comparison periods. The increase in occupancy and equipment expense mostly relates to an increase in rent expense of $374 thousand related to the February 2024 sales/leaseback transaction. Partially offsetting these increases in expense were several reductions in non-interest expense the largest of which was a reduction in professional fees of $320 thousand. Included in professional fees during the six months ended June 30, 2024 were legal expenses totaling $188 thousand related to a litigation matter that was settled in the second half of 2024.

    Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

    Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

    Contact: Jamie Huynh
    Investor Relations
    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    PLUMAS BANCORP
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
      As of June 30,        
      2025   2024   Dollar
    Change    		   Percentage
    Change
    ASSETS              
    Cash and due from banks $ 79,266   $ 109,852   $ (30,586)   (27.8)%
    Investment securities 439,676   445,132   (5,456)   (1.2)%
    Loans, net of allowance for credit losses 1,006,873   986,517   20,356   2.1%
    Premises and equipment, net 12,065   12,868   (803)   (6.2)%
    Right-of-use assets 23,912   24,975   (1,063)   (4.3)%
    Bank owned life insurance 16,736   16,310   426   2.6%
    Real estate acquired through foreclosure 91   141   (50)   (35.5)%
    Goodwill 5,502   5,502   –   0.0%
    Accrued interest receivable and other assets 44,396   40,800   3,596   8.8%
    Total assets $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
    LIABILITIES AND              
       SHAREHOLDERS’ EQUITY  
    Deposits $ 1,366,827   $ 1,304,587   $ 62,240   4.8%
    Accrued interest payable and other liabilities 53,611   52,355   1,256   2.4%
    Borrowings 15,000   120,000   (105,000)   (87.5)%
    Total liabilities 1,435,438   1,476,942   (41,504)   (2.8)%
    Common stock 29,803   28,656   1,147   4.0%
    Retained earnings 183,954   161,608   22,346   13.8%
    Accumulated other comprehensive loss, net (20,678)   (25,109)   4,431   17.6%
    Shareholders’ equity 193,079   165,155   27,924   16.9%
    Total liabilities and shareholders’ equity $ 1,628,517   $ 1,642,097   $ (13,580)   (0.8)%
                   
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
                   
    FOR THE THREE MONTHS ENDED JUNE 30, 2025   2024   Dollar
    Change    		   Percentage
    Change
                   
    Interest income $ 20,633   $ 21,160   $ (527)   (2.5)%
    Interest expense 2,450   2,755   (305)   (11.1)%
    Net interest income before provision for credit losses 18,183   18,405   (222)   (1.2)%
    Provision for credit losses 860   925   (65)   (7.0)%
    Net interest income after provision for credit losses 17,323   17,480   (157)   (0.9)%
    Non-interest income 2,361   2,202   159   7.2%
    Non-interest expense 11,012   10,396   616   5.9%
    Income before income taxes 8,672   9,286   (614)   (6.6)%
    Provision for income taxes 2,351   2,500   (149)   (6.0)%
    Net income $ 6,321   $ 6,786   $ (465)   (6.9)%
                   
    Basic earnings per share $ 1.07   $ 1.15   $ (0.08)   (7.0)%
    Diluted earnings per share $ 1.05   $ 1.14   $ (0.09)   (7.9)%
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
              Dollar   Percentage
    FOR THE SIX MONTHS ENDED JUNE 30, 2025   2024   Change   Change
                   
    Interest income $ 41,223   $ 41,187   $ 36   0.1%
    Interest expense 4,501   5,325   (824)   (15.5)%
    Net interest income before provision for credit losses 36,722   35,862   860   2.4%
    Provision for credit losses 1,110   1,746   (636)   (36.4)%
    Net interest income after provision for credit losses 35,612   34,116   1,496   4.4%
    Non-interest income 5,574   4,342   1,232   28.4%
    Non-interest expense 22,477   20,793   1,684   8.1%
    Income before income taxes 18,709   17,665   1,044   5.9%
    Provision for income taxes 5,208   4,625   583   12.6%
    Net income $ 13,501   $ 13,040   $ 461   3.5%
                   
    Basic earnings per share $ 2.28   $ 2.21   $ 0.07   3.2%
    Diluted earnings per share $ 2.25   $ 2.19   $ 0.06   2.7%
             
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands, except per share data)
    (Unaudited)
                       
      Three Months Ended   Six Months Ended
      6/30/2025   3/31/2025   6/30/2024   6/30/2025   6/30/2024
    EARNINGS PER SHARE                  
    Basic earnings per share $ 1.07     $ 1.21     $ 1.15     $ 2.28     $ 2.21  
    Diluted earnings per share $ 1.05     $ 1.20     $ 1.14     $ 2.25     $ 2.19  
    Weighted average shares outstanding   5,929       5,911       5,896       5,920       5,892  
    Weighted average diluted shares outstanding   6,006       6,002       5,946       6,006       5,946  
    Cash dividends paid per share 1 $ 0.30     $ 0.30     $ 0.27     $ 0.60     $ 0.54  
                       
    PERFORMANCE RATIOS (annualized for the three months)            
    Return on average assets   1.56 %   1.79 %   1.67 %   1.67 %     1.61 %
    Return on average equity   13.4 %   16.0 %   17.1 %   14.7 %     16.7 %
    Yield on earning assets   5.48 %   5.50 %   5.62 %   5.49 %     5.46 %
    Rate paid on interest-bearing liabilities   1.33 %   1.14 %   1.44 %   1.24 %     1.39 %
    Net interest margin   4.83 %   4.95 %   4.89 %   4.89 %     4.76 %
    Noninterest income to average assets   0.58 %   0.80 %   0.54 %   0.69 %     0.54 %
    Noninterest expense to average assets   2.72 %   2.85 %   2.56 %   2.79 %     2.57 %
    Efficiency ratio 2   53.6 %   52.7 %   50.4 %   53.1 %     51.7 %
                       
      6/30/2025   3/31/2025   6/30/2024   12/31/2024   12/31/2023
    CREDIT QUALITY RATIOS AND DATA                  
    Allowance for credit losses $ 14,209     $ 13,319     $ 14,082     $ 13,196     $ 12,867  
    Allowance for credit losses as a percentage of total loans   1.39 %     1.32 %     1.41 %     1.30 %     1.34 %
    Nonperforming loans $ 13,652     $ 3,686     $ 8,974     $ 4,105     $ 4,820  
    Nonperforming assets $ 13,747     $ 3,787     $ 9,148     $ 4,307     $ 5,315  
    Nonperforming loans as a percentage of total loans   1.34 %     0.36 %     0.90 %     0.40 %     0.50 %
    Nonperforming assets as a percentage of total assets   0.84 %     0.23 %     0.56 %     0.27 %     0.33 %
    Year-to-date net charge-offs $ 137     $ 127     $ 610     $ 1,046     $ 954  
    Year-to-date net charge-offs as a percentage of average   0.03 %     0.05 %     0.13 %   0.11 %     0.10 %
    loans (annualized)      
                       
    CAPITAL AND OTHER DATA                  
    Common shares outstanding at end of period   5,934       5,922       5,896       5,903       5,872  
    Shareholders’ equity $ 193,079     $ 187,603     $ 165,155     $ 177,899     $ 147,317  
    Book value per common share $ 32.54     $ 31.68     $ 28.01     $ 30.14     $ 25.09  
    Tangible common equity3 $ 186,874     $ 181,354     $ 158,763     $ 171,606     $ 140,823  
    Tangible book value per common share4 $ 31.49     $ 30.62     $ 26.93     $ 29.07     $ 23.98  
    Tangible common equity to total assets   11.5 %     11.1 %     9.7 %     10.6 %     8.7 %
    Gross loans to deposits   74.7 %     73.6 %     76.4 %     74.1 %     71.9 %
                       
    PLUMAS BANK REGULATORY CAPITAL RATIOS              
    Tier 1 Leverage Ratio   12.7 %     12.3 %     11.3 %     11.9 %     10.8 %
    Common Equity Tier 1 Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Tier 1 Risk-Based Capital Ratio   17.9 %     17.8 %     16.4 %     17.3 %     15.7 %
    Total Risk-Based Capital Ratio   19.2 %     19.0 %     17.6 %     18.5 %     16.9 %
    (1) The Company paid a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025 and a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024 and a quarterly cash dividend of $0.25 per share on February 15, 2023, May 15, 2023 , August 15, 2023 and November 15, 2023.
    (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).   
    (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill.      
    (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding.    
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Three Months Ended   For the Three Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,020,004   $ 15,612   6.14 %   $ 980,723   $ 15,412   6.32 %
    Investment securities     369,624     3,913   4.25 %     367,841     3,932   4.30 %
    Non-taxable investment securities (1)     72,719     591   3.26 %     76,275     602   3.17 %
    Interest-bearing deposits     46,368     517   4.47 %     88,607     1,214   5.51 %
    Total interest-earning assets     1,508,715     20,633   5.48 %     1,513,446     21,160   5.62 %
    Cash and due from banks     26,880             26,859        
    Other assets     87,117             90,092        
    Total assets   $ 1,622,712           $ 1,630,397        
                             
    Interest-bearing liabilities:                        
    Money market deposits     287,707     1,283   1.79 %     215,614     468   0.87 %
    Savings deposits     298,989     257   0.34 %     322,919     174   0.22 %
    Time deposits     118,057     744   2.53 %     94,684     674   2.86 %
    Total deposits     704,753     2,284   1.30 %     633,217     1,316   0.84 %
    Borrowings     15,000     146   3.90 %     120,000     1,431   4.80 %
    Other interest-bearing liabilities     17,265     20   0.46 %     16,809     8   0.19 %
    Total interest-bearing liabilities     737,018     2,450   1.33 %     770,026     2,755   1.44 %
    Non-interest-bearing deposits     659,554             663,094        
    Other liabilities     37,112             37,794        
    Shareholders’ equity     189,028             159,483        
    Total liabilities & equity   $ 1,622,712           $ 1,630,397        
    Cost of funding interest-earning assets (4)           0.65 %           0.73 %
    Net interest income and margin (5)       $ 18,183   4.83 %       $ 18,405   4.89 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $4.1 million for 2025 and $4.2 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the three-month periods ended June 30, 2025 and 2024 were $196 thousand and $338 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                             
    The following table presents for the six-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                             
        For the Six Months Ended   For the Six Months Ended
        6/30/2025   6/30/2024
        Average       Yield/   Average       Yield/
        Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                        
    Loans (2) (3)   $ 1,016,008   $ 31,008   6.15 %   $ 972,427   $ 30,005   6.21 %
    Investment securities     369,376     7,840   4.28 %     369,815     7,537   4.10 %
    Non-taxable investment securities (1)     73,795     1,174   3.21 %     92,225     1,393   3.04 %
    Interest-bearing deposits     53,845     1,201   4.50 %     81,807     2,252   5.54 %
    Total interest-earning assets     1,513,024     41,223   5.49 %     1,516,274     41,187   5.46 %
    Cash and due from banks     26,679             26,722        
    Other assets     86,732             85,300        
    Total assets   $ 1,626,435           $ 1,628,296        
                             
    Interest-bearing liabilities:                        
    Money market deposits     283,469     2,429   1.73 %     213,399     844   0.80 %
    Savings deposits     311,151     463   0.30 %     329,242     354   0.22 %
    Time deposits     103,304     1,288   2.51 %     93,092     1,304   2.82 %
    Total deposits     697,924     4,180   1.21 %     635,733     2,502   0.79 %
    Borrowings     15,000     290   3.90 %     117,170     2,798   4.80 %
    Other interest-bearing liabilities     19,216     31   0.33 %     19,260     25   0.26 %
    Total interest-bearing liabilities     732,140     4,501   1.24 %     772,163     5,325   1.39 %
    Non-interest-bearing deposits     670,961             668,441        
    Other liabilities     37,602             31,118        
    Shareholders’ equity     185,732             156,574        
    Total liabilities & equity   $ 1,626,435           $ 1,628,296        
    Cost of funding interest-earning assets (4)           0.60 %           0.70 %
    Net interest income and margin (5)       $ 36,722   4.89 %       $ 35,862   4.76 %
                             
    (1) Not computed on a tax-equivalent basis.            
    (2) Average nonaccrual loan balances of $3.9 million for 2025 and $4.8 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the six-month periods ended June 30, 2025 and 2024 were $471 thousand and $682 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Interchange income $ 784   $ 782     2     0.3 %
    Service charges on deposit accounts   781     743     38     5.1 %
    Loan servicing fees   148     186     (38 )   (20.4 )%
    FHLB Dividends   135     136     (1 )   (0.7 )%
    Earnings on life insurance policies   108     104     4     3.8 %
    Other   405     251     154     61.4 %
    Total non-interest income $ 2,361   $ 2,202   $ 159     7.2 %
                   
    The following table presents the components of non-interest expense for the three-month periods ended June 30, 2025 and 2024.
                   
      For the Three Months Ended        
      June 30,        
        2025     2024   Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 5,553   $ 5,283   $ 270     5.1 %
    Occupancy and equipment   2,050     1,949     101     5.2 %
    Outside service fees   1,160     1,184     (24 )   (2.0 )%
    Merger and acquisition expenses   481     –     481     100.0 %
    Advertising and shareholder relations   273     214     59     27.6 %
    Armored car and courier   224     220     4     1.8 %
    Professional fees   219     329     (110 )   (33.4 )%
    Business development   188     210     (22 )   (10.5 )%
    Deposit insurance   180     185     (5 )   (2.7 )%
    Director compensation and expense   155     199     (44 )   (22.1 )%
    Telephone and data communication   124     204     (80 )   (39.2 )%
    Loan collection expenses   51     117     (66 )   (56.4 )%
    Amortization of Core Deposit Intangible   44     51     (7 )   (13.7 )%
    Other   310     251     59     23.5 %
    Total non-interest expense $ 11,012   $ 10,396   $ 616     5.9 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Service charges on deposit accounts $ 1,486   $ 1,458     $ 28     1.9 %
    Interchange income   1,474     1,522       (48 )   (3.2 )%
    Loan servicing fees   334     388       (54 )   (13.9 )%
    FHLB Dividends   272     273       (1 )   (0.4 )%
    Earnings on life insurance policies   217     200       17     8.5 %
    Gain (loss) on sale of investment securities   3     (19,826 )     19,829     (100.0 )%
    Gain on sale of buildings   –     19,854       (19,854 )   (100.0 )%
    Other   1,788     473       1,315     278.0 %
    Total non-interest income $ 5,574   $ 4,342     $ 1,232     28.4 %
                   
    The following table presents the components of non-interest expense for the six-month periods ended June 30, 2025 and 2024.
                   
      For the Six Months Ended        
      June 30,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 11,433   $ 10,649     $ 784     7.4 %
    Occupancy and equipment   4,064     3,639       425     11.7 %
    Outside service fees   2,424     2,316       108     4.7 %
    Merger and acquisition expenses   1,050     –       1,050     100.0 %
    Advertising and shareholder relations   535     458       77     16.8 %
    Professional fees   448     768       (320 )   (41.7 )%
    Armored car and courier   441     422       19     4.5 %
    Deposit insurance   362     372       (10 )   (2.7 )%
    Business development   355     363       (8 )   (2.2 )%
    Director compensation and expense   321     366       (45 )   (12.3 )%
    Telephone and data communication   298     426       (128 )   (30.0 )%
    Loan collection expenses   122     221       (99 )   (44.8 )%
    Amortization of Core Deposit Intangible   87     102       (15 )   (14.7 )%
    Other   537     691       (154 )   (22.3 )%
    Total non-interest expense $ 22,477   $ 20,793     $ 1,684     8.1 %
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                     
    The following table shows the distribution of loans by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Commercial   $ 81,118   8.0 %   $ 81,170   8.1 %
    Agricultural     113,850   11.2 %     123,661   12.4 %
    Real estate – residential     11,053   1.1 %     11,755   1.2 %
    Real estate – commercial     673,129   66.1 %     588,332   59.0 %
    Real estate – construction & land     40,798   4.0 %     67,960   6.8 %
    Equity Lines of Credit     41,620   4.1 %     38,446   3.9 %
    Auto     51,487   5.1 %     80,751   8.1 %
    Other     4,791   0.4 %     5,259   0.5 %
    Total Gross Loans   $ 1,017,846   100 %   $ 997,334   100 %
                     
    The following table shows the distribution of Commercial Real Estate loans at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Loans in Each       Loans in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Loans   of Period   Total Loans
        6/30/25   6/30/25   6/30/24   6/30/24
    Owner occupied   $ 294,765   43.8 %   $ 240,346   40.9 %
    Investor     378,364   56.2 %     347,986   59.1 %
    Total real estate – commercial   $ 673,129   100 %   $ 588,332   100 %
                     
                     
    The following table shows the distribution of deposits by type at June 30, 2025 and 2024.
                     
            Percent of       Percent of
            Deposits in Each     Deposits in Each
        Balance at End Category to   Balance at End Category to
        of Period   Total Deposits   of Period   Total Deposits
        6/30/25   6/30/25   6/30/24   6/30/24
    Non-interest bearing   $ 668,086   48.9 %   $ 670,652   51.4 %
    Money Market     281,516   20.6 %     214,063   16.4 %
    Savings     290,440   21.2 %     322,081   24.7 %
    Time     126,785   9.3 %     97,791   7.5 %
    Total Deposits   $ 1,366,827   100 %   $ 1,304,587   100 %
                     

    The MIL Network –

  • MIL-OSI: PDF Solutions Announces 2025 Analyst Day

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., July 16, 2025 (GLOBE NEWSWIRE) — PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor ecosystem, today announced it will host its 2025 Analyst Day in conjunction with its 2025 Users Conference on Wednesday, December 3rd, 2025, at the Marriott Hotel in Santa Clara, CA. The event will feature presentations from Chief Executive Officer, President, and Co-Founder, John K. Kibarian, Ph.D., and Chief Financial Officer, Adnan Raza.

    Additional information, including registration details, can be found at this link: https://events.pdf.com/

    Presentations and a live webcast, including question and answer session will be made available on the day of the event on the Investor Relations section of the Company’s website, at https://ir.pdf.com/.

    About PDF Solutions

    PDF Solutions (Nasdaq: PDFS) provides comprehensive data solutions designed to empower organizations across the semiconductor and electronics industry ecosystem to improve the yield and quality of their products and operational efficiency for increased profitability. The Company’s products and services are used by Fortune 500 companies across the semiconductor and electronics ecosystem to achieve smart manufacturing goals by connecting and controlling equipment, collecting data generated during manufacturing and test operations, and performing advanced analytics and machine learning to enable profitable, high-volume manufacturing.

    Founded in 1991, PDF Solutions is headquartered in Santa Clara, California, with operations across North America, Europe, and Asia. The Company (directly or through one or more subsidiaries) is an active member of SEMI, INEMI, TPCA, IPC, the OPC Foundation, and DMDII. For the latest news and information about PDF Solutions or to find office locations, visit https://www.pdf.com.

    Headquartered in Santa Clara, California, PDF Solutions also operates worldwide in Canada, China, France, Germany, Italy, Japan, Korea, Sweden, and Taiwan. For the Company’s latest news and information, visit https://www.pdf.com

    PDF Solutions and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. and/or its subsidiaries in the United States and other countries.

    Company Contacts

    Adnan Raza
    Chief Financial Officer
    P: +1 (408) 516-0237
    Email: adnan.raza@pdf.com

    Sonia Segovia
    Investor Relations
    P: +1 (408) 838-6491
    Email: sonia.segovia@pdf.com

    The MIL Network –

  • MIL-OSI USA: Senators Collins, Smith, King Introduce Bill to Combat Lyme and Other Tick-Borne Diseases

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Washington, D.C. — U.S. Senators Susan Collins (R-ME) and Tina Smith (D-MN) today introduced legislation to reauthorize the Kay Hagan Tick Act, their landmark legislation to improve research, prevention, diagnostics, and treatment for tick-borne diseases, which became law in 2019. Senator Angus King (I-ME) joins them as an original co-sponsor. The Kay Hagan Tick Act unites the effort to confront the alarming public health threat posed by Lyme disease and other tick-borne diseases. Confirmed cases of Lyme disease reached a record number in Maine – 3,035 – last year. Senators Collins and Smith named their bill in honor of former Senator Kay Hagan (D-NC) who passed away on October 28th, 2019, due to complications from the tick-borne disease known as the Powassan virus.

    “Last year, Maine reported over 3,000 cases of Lyme disease—a record in our state. The reauthorization of our Tick Act is urgently needed to continue to support those who struggle with Lyme and other tick-borne illnesses and keep improving research, diagnostics, treatment, and prevention for these terrible diseases,” said Senator Collins. “Resources from the Tick Act have led to exciting developments such as the first-ever clinical trial for a Lyme disease vaccine for people, which is underway right now at the MaineHealth Institute for Research.”

    “My home state of Minnesota is proud to have more than 10,000 lakes and thousands of rivers for us to enjoy, and we’re always especially eager to get outside after a long winter,” said Senator Smith. “Unfortunately, the number of Lyme disease cases in the state—and states across the country—is on the rise. This bill would empower regional centers to lead the response against these diseases and expanded the federal government’s role in researching, testing and treating these diseases. For the sake of Americans’ health and well-being, we need to keep moving this bill forward.”

    “Our state has been battling diseases like Lyme for decades, so it is critical we continue to invest in our research and understanding of these vector-borne diseases to better protect Maine residents and visitors,” said Senator King. “The Kay Hagan Tick Act will further the prevention efforts that keep us safe by funding research, testing and diagnostics along with resources for improved data collection. I am proud to work on this critical bipartisan legislation that will help mitigate this long-term public health threat for the future safety and health of all Maine people.”

    “Reauthorizing the Kay Hagan Tick Act will continue the nation’s coordinated framework for tick-borne disease surveillance, diagnostics, and prevention”, said Griffin Dill, Director of the University of Maine Tick Lab. Continued support means earlier detection, targeted interventions, and fewer families facing the physical and financial burden of Lyme disease and other emerging infections. Through this investment, Congress can ensure a proactive approach to safeguarding our communities from increasing threats related to ticks.”

    “With an estimated 500,000 new cases of Lyme disease each year, it is critical that the United States is equipped to effectively prevent, detect, and respond to this growing public health threat,” said Bonnie Crater, co-founder and board member at Center for Lyme Action. “We applaud the foundation laid by the Kay Hagan Tick Act, which established the National Public Health Strategy to Prevent and Control Vector-Borne Diseases in Humans and we are committed to working with Congress and federal agencies to ensure this strategy is fully implemented and strengthened.  We commend Senator Collins, Senator King, and Senator Smith for their bipartisan leadership in advancing the reauthorization of this vital legislation to protect the health and safety of Americans nationwide.”

    Using a three-pronged approach, the Kay Hagan Tick Reauthorization Act would:

    1. Require the Department of Health and Human Services (HHS) to continue implementing and updating, as appropriate, its National Public Health Strategy to Prevent and Control Vector-Borne Diseases in People.  This strategy has been integral in expanding research into tick-borne diseases, improving testing and diagnostics, and coordinating efforts across the federal government.
    1. Reauthorize Regional Centers of Excellence in Vector-Borne Disease for five years. Funding for these centers, which was allotted in 2017, expires this year. These Centers have led the scientific response against tick-borne diseases, which now make up 75 percent of vector-borne diseases in the U.S.  There are four centers located at universities in California, Florida, Texas, and Wisconsin. 
    1. Reauthorize CDC Grants to State Health Departments to improve data collection and analysis, support early detection and diagnosis, improve treatment, and raise awareness.  These awards would help states continue to build a public health infrastructure for Lyme and other vector-borne diseases and amplify their initiatives through public-private partnerships.   

    In May, Senator Collins delivered the opening remarks at the Center for Lyme Action Congressional Series and spoke to the need for continued federal funding for tick-borne disease research. Click here to watch and here to download her remarks. Senator Collins has also urged leading health officials to continue to support the development of treatment for these illnesses, including the clinical trials currently ongoing in Maine for the first Lyme disease vaccine for people.

    Senator King is a longtime advocate for the elimination of vector-borne diseases. His SMASH Act, bipartisan legislation to reauthorize critical public health tools that support states and localities in their mosquito surveillance and control efforts, especially those linked to mosquitos that carry the Zika virus, and improve the nation’s preparedness for Zika and other mosquito-borne threats like West Nile virus, chikungunya, and Eastern Equine Encephalitis (“triple-e”) virus was signed into law in 2019. A re-authorization of SMASH was introduced in 2023 and included in the Pandemic All-Hazards Preparedness Act Reauthorization.

    MIL OSI USA News –

  • MIL-OSI: Fengate Private Equity Launches CanPro Roofing Partners Platform

    Source: GlobeNewswire (MIL-OSI)

    TORONTO and MONTREAL, July 16, 2025 (GLOBE NEWSWIRE) — Fengate Private Equity, a division of Fengate Asset Management (“Fengate”), today announced the formation of CanPro Roofing Partners (“CanPro” or “the Company”), a Canadian roofing platform in partnership with industry veteran Dino DiVito, who has joined as CEO. Fengate is managing this investment on behalf of the LiUNA Pension Fund of Central and Eastern Canada. 

    CanPro is committed to building a best-in-class roofing platform by partnering with high-quality companies focused on institutional, commercial and industrial end markets that provide roof replacement and maintenance services. 

    Concurrent to the formation of CanPro, the Company is pleased to announce its first partnership, with Toiture Perreault, a leading roof replacement business serving the greater Montreal area. Founder and President Vincent Perreault will continue to be involved in the business focusing on expanding its footprint across the Quebec market. He will retain a significant equity interest. 

    “We are excited to launch CanPro Roofing Partners and elevate the standard of commercial roof replacement and maintenance in Canada,” said Mohit Kansal, Managing Director, Fengate Private Equity. “We will achieve this through partnerships and acquisitions with best-in-class regional roofing firms across the country. We’re pleased to start the journey by partnering with Vincent Perreault and the entire Toiture Perreault team as well as industry veteran, Dino DiVito.” 

    “I am thrilled to partner with this exceptional team as we build a premier roofing platform across Canada,” adds Dino DiVito, CEO of CanPro. “With Fengate, we are equipped with the resources and expertise necessary to drive growth—both organically and through strategic partnerships. Under Vincent’s leadership, Toiture Perreault has earned an outstanding reputation by prioritizing customer service and achieving remarkable growth. Our strategy remains focused on thoughtfully selecting trusted partners who align with our long-term vision and to deliver lasting value for all stakeholders.” 

    “Joining CanPro as a founding partner was a strategic decision for us,” adds Vincent Perreault, President, Toiture Perreault. “I believe we have a unique opportunity to become the national leader in the roof replacement industry by bringing together the best roofing companies across Canada. With Fengate’s backing and Dino’s leadership, we’re building more than just a platform, we’re building a legacy of quality, safety, and growth that will reshape the future of commercial roofing in this country.” 

    Stikeman Elliott LLP and BDO Canada LLP served as advisors to Fengate. McCarthy Tétrault LLP and RBC Mid-Market M&A served as advisors to Toiture Perreault. Terms of the transaction were not disclosed. 

    About CanPro Roofing Partners:
    CanPro Roofing Partners is committed to building a best-in-class Canadian roofing platform by partnering with high quality companies serving institutional, commercial and industrial markets with a focus on roof replacement and ongoing maintenance services. CanPro continues to explore new partnerships with leading commercial roofing companies across Canada. Founders and advisors interested in learning more are encouraged to reach out directly. Learn more at www.canproroofing.com.

    About Toiture Perreault: 
    Toiture Perreault, headquartered in Blainville, Quebec, is a roofing service provider for commercial, institutional, industrial and multi-residential clients. The company specializes in roof replacement, service and maintenance of roofs of multiple materials and complexities. The company offers a streamlined approach to project management leveraging the workforce’s diversified skillset in roofing. Learn more at www.toitureperreault.com. 

    About Fengate Asset Management: 
    Fengate Asset Management is a leading alternative investment manager, with more than $24 billion in assets under management, focused on private equity, infrastructure and real estate strategies. With offices and team members across Canada and the United States, Fengate leverages more than 50 years of entrepreneurial experience to deliver excellent investment results on behalf of its clients. Fengate Private Equity, a division of Fengate Asset Management, is a differentiated investment platform supporting the growth ambitions of entrepreneurs through transformative capital. Learn more at www.fengate.com. 

    Contacts: 
    Dino DiVito 
    Chief Executive Officer 
    CanPro Roofing Partners 
    dino.divito@canproroofing.com 

    Vincent Perreault 
    President 
    Toiture Perreault 
    v.perreault@toitureperreault.com 

    Dale Gago 
    Communications and Marketing Business Partner 
    Fengate Asset Management 
    437 326 1473 
    dale.gago@fengate.com

    The MIL Network –

  • MIL-OSI USA: Coast Guard seizes over 240,000 pounds of cocaine, doubling amount interdicted over previous year

    Source: US Federal Emergency Management Agency

    Headline: Coast Guard seizes over 240,000 pounds of cocaine, doubling amount interdicted over previous year

    strong>WASHINGTON – The U

    S

    Coast Guard announced that it has seized 242,244 pounds of cocaine since the start of President Trump’s administration on January 20th

    This is a more than 100% increase over the cocaine seized under the previous administration over the same period in 2024

    Since just 1

    2 grams of cocaine can be lethal, the Coast Guard has seized over 91 million potentially lethal doses — enough to kill the entire population of the states of California, Texas, and New York combined

    This milestone comes after President Trump ordered a surge of Coast Guard resources to America’s maritime border on his first day in office, tripling the number of forces along the U

    S

    southern border and maritime approaches

     
    “The U

    S

    southern border is an interconnected system, and as illegal migration and smuggling become harder across the southwest land border, cartels may try different routes,” said Coast Guard Acting Commandant Adm

    Kevin Lunday

    “Our message to the cartels is this: We own the sea, not you

    Using every capability at our disposal, the Coast Guard will prevent threats from reaching our borders

    ” 
    “Thanks to the heroic and diligent work of the men and women of the U

    S

    Coast Guard, these drugs will never hit American streets to poison our communities and destroy American families,” said Assistant Secretary Tricia McLaughlin

    “Securing our maritime borders is critical to making America safe again

    Under President Trump and Secretary Noem’s leadership, the Coast Guard is getting the resources and support it needs to fulfill its mission like never before

    ”
    Under the President’s leadership, Secretary Noem is implementing Force Design 2028, a full-scale effort to transform the Coast Guard into a more agile, capable, and responsive force

    This effort will make the Coast Guard even more effective maritime force, empowering it to crack down on the international drug trade and keep deadly drugs like cocaine and fentanyl out of American communities

    80 percent of all US-bound drugs are seized on the high seas, and the Coast Guard is the primary force charged with interdicting those drugs and breaking up international maritime drug smuggling rings

     
    For more information about the Coast Guard, visit www

    uscg

    mil

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: NASA Selects Companies for Architect-Engineer Services Contract

    Source: NASA

    NASA has selected seven companies to assist the agency with architectural and engineering services at multiple agency centers and facilities.
    The Western Regional Architect-Engineer Services is an indefinite-delivery/indefinite-quantity multiple award contract has a total estimated value not to exceed $75 million. The contract was awarded on July 14 with a five-year period of performance with the possibility of a six-month extension.
    The selected contractors are:

    DYNOTEC-KZF JV LLC of Columbus, Ohio
    Merrick-IMEG JV LLP of Greenwood Village, Colorado
    G Squared Design of Lakewood, Colorado
    Kal Architects Inc. of Irvine, California
    AECOM Technical Services Inc. of Los Angeles
    Stell SIA Sala O’Brien LLC DBA S3, LLC (S3) of Mountlake Terrace, Washington
    Jacobs Engineering Group Inc. of Arlington, Virginia

    Under the contract, the awarded companies will support general construction, alteration, modification, maintenance and repair, new construction of buildings, facilities, and real property for NASA’s Ames Research Center in California’s Silicon Valley and Armstrong Flight Research Center in Edwards, California. Support also includes optional back-up capacity in support of other NASA centers and federal tenants at agency facilities, including NASA’s Jet Propulsion Laboratory in Southern California, Goldstone Deep Space Communications Complex in Fort Irwin, California, and the NASA launch alliance at Vandenberg Space Force Base in California.
    For information about NASA and other agency programs, visit:

    Home Page

    -end-
    Tiernan DoyleHeadquarters, Washington202-358-1600tiernan.doyle@nasa.gov

    MIL OSI USA News –

  • MIL-OSI USA: NASA’s SpaceX Crew-11 Mission Gears Up for Space Station Research

    Source: NASA

    A host of scientific investigations await the crew of NASA’s SpaceX Crew-11 mission during their long-duration expedition aboard the International Space Station. NASA astronauts Zena Cardman and Mike Fincke, and JAXA (Japan Aerospace Exploration Agency) astronaut Kimiya Yui, are set to study plant cell division and microgravity’s effects on bacteria-killing viruses, as well as perform experiments to produce a higher volume of human stem cells and generate on-demand nutrients.
    Here are details on some of the research scheduled during the Crew-11 mission:

    A stem cell investigation called StemCellEx-IP1 evaluates using microgravity to produce large numbers of induced pluripotent stem cells. Made by reprogramming skin or blood cells, these stem cells can transform into any type of cell in the body and are used in regenerative medicine therapies for many diseases. However, producing enough cells on the ground is a challenge.
    Researchers plan to use the microgravity environment aboard the space station to demonstrate whether generating 1,000 times more cells is possible and whether these cells are of higher quality and better for clinical use than those made on Earth. If proven, this could significantly improve future patient outcomes.
    “This type of stem cell research is a chance to find treatments and maybe even cures for diseases that currently have none,” said Tobias Niederwieser of BioServe Space Technologies, which developed the investigation. “This represents an incredible potential to make life here on Earth better for all of us. We can take skin or blood cells from a patient, convert them into stem cells, and produce custom cell-therapy with little risk for rejection, as they are the person’s own cells.”

    Genes in Space is a series of competitions in which students in grades 7 through 12 design DNA experiments that are flown to the space station. Genes in Space-12 examines the effects of microgravity on interactions between certain bacteria and bacteriophages, which are viruses that infect and kill bacteria. Bacteriophages already are used to treat bacterial infections on Earth.
    “Boeing and miniPCR bio co-founded this competition to bring real-world scientific experiences to the classroom and promote molecular biology investigations on the space station,” said Scott Copeland of Boeing, and co-founder of Genes in Space. “This investigation could establish a foundation for using these viruses to treat bacterial infections in space, potentially decreasing the dependence on antibiotics.”
    “Previous studies indicate that bacteria may display increased growth rates and virulence in space, while the antibiotics used to combat them may be less effective,” said Dr. Ally Huang, staff scientist at miniPCR bio. “Phages produced in space could have profound implications for human health, microbial control, and the sustainability of long-duration remote missions. Phage therapy tools also could revolutionize how we manage bacterial infections and microbial ecosystems on Earth.”

    Some vitamins and nutrients in foods and supplements lose their potency during prolonged storage, and insufficient intake of even a single nutrient can lead to serious diseases, such as a vitamin C deficiency, causing scurvy. The BioNutrients-3 experiment builds on previous investigations looking at ways to produce on-demand nutrients in space using genetically engineered organisms that remain viable for years. These include yogurt and a yeast-based beverage made from yeast strains previously tested aboard station, as well as a new, engineered co-culture that produces multiple nutrients in one sample bag.
    “BioNutrients-3 includes multiple food safety features, including pasteurization to kill microorganisms in the sample and a demonstration of the feasibility of using a sensor called E-Nose that simulates an ultra-sensitive nose to detect pathogens,” said Kevin Sims, project manager at NASA’s Ames Research Center in California’s Silicon Valley.
    Another food safety feature is a food-grade pH indicator to track bacterial growth.
    “These pH indicators help the crew visualize the progress of the yogurt and kefir samples,” Sims said. “As the organisms grow, they generate lactic acid, which lowers the pH and turns the indicator pink.”
    The research also features an investigation of yogurt passage, which seeds new cultures using a bit of yogurt from a finished bag, much like maintaining a sourdough bread starter. This method could sustain a culture over multiple generations, eliminating concerns about yogurt’s shelf life during a mission to the Moon or Mars while reducing launch mass.

    The JAXA Plant Cell Division investigation examines how microgravity affects cell division in green algae and a strain of cultured tobacco cells. Cell division is a fundamental element of plant growth, but few studies have examined it in microgravity.
    “The tobacco cells divide frequently, making the process easy to observe,” said Junya Kirima of JAXA. “We are excited to reveal the effects of the space environment on plant cell division and look forward to performing time-lapse live imaging of it aboard the space station.”
    Understanding this process could support the development of better methods for growing plants for food in space, including on the Moon and Mars. This investigation also could provide insight to help make plant production systems on Earth more efficient.
    For nearly 25 years, people have lived and worked continuously aboard the International Space Station, advancing scientific knowledge and conducting critical research for the benefit of humanity and our home planet. Space station research supports the future of human spaceflight as NASA looks toward deep space missions to the Moon under the Artemis campaign and in preparation for future human missions to Mars, as well as expanding commercial opportunities in low Earth orbit and beyond.
    Learn more about the International Space Station at:
    https://www.nasa.gov/station

    MIL OSI USA News –

  • MIL-OSI: LIS Technologies Inc. Appoints Distinguished Nuclear Expert Lloyd Jollay as its UF6 Systems Manager

    Source: GlobeNewswire (MIL-OSI)

    Lloyd Jollay’s addition continues LIS Technologies’ initiative to build a management team consisting of veteran nuclear industry specialists and leaders.

    Oak Ridge, Tennessee, July 16, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that Lloyd Jollay, a seasoned nuclear engineering professional with over 30 years of experience in nuclear safety, materials management, and advanced fuel cycle operations, has been appointed as it UF6 Systems Manager.

    “LIST’s patented CRISLA technology has the potential to support the revitalization and growth of the nation’s nuclear-fuel supply chain,” said Lloyd Jollay, UF6Systems Manager of LIS Technologies Inc. “The Company has taken a leading role in this industry’s innovation and decisive steps to rebirth, demonstrate and subsequently commercialize its technology. I look forward to putting my industry experience to work in support of this mission.”

    Former Vice President of Isotopes and Nuclear Fuel Cycle at Boston Government Services, Lloyd Jollay led the development of nuclear safety programs and provided licensing support for emerging advanced reactor and isotope production initiatives. His extensive background includes managing criticality safety programs, supporting the peaceful use and transport of uranium materials, and advising on nuclear nonproliferation strategies within the DOE and NNSA complex.

    Figure 1 – LIS Technologies Inc. Appoints Seasoned Nuclear Engineering Professional Lloyd Jollay as its UF6Systems Manager.

    In his prior roles, Mr. Jollay held multiple leadership positions at the Y-12 National Security Complex in Oak Ridge, Tennessee. His work included directing nuclear material applications, overseeing high-enriched uranium (HEU) supply and return efforts, and managing multimillion-dollar budgets supporting domestic and international nuclear nonproliferation. He also led criticality safety teams, supporting safe nuclear operations through rigorous documentation, evaluations, and compliance with regulatory bodies including NPO, NNSA, and the DNFSB. Mr. Jollay holds an MBA and a B.S. in Engineering Physics from the University of Tennessee, Knoxville, where he also completed coursework toward an M.S. in Nuclear Engineering.

    He is a certified Six Sigma Black Belt, has completed advanced training in SCALE and MCNP, and maintains active membership in the American Nuclear Society and the Institute of Nuclear Materials Management.

    “I’m pleased to welcome Lloyd to LIS Technologies,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “Bringing in seasoned leaders is essential as we scale, and Lloyd’s depth of experience in the nuclear sector will strengthen our management team at a critical juncture. His track record and commitment to the industry will be instrumental as we work to position LIST at the forefront of America’s nuclear fuel supply chain revitalization.”

    “Lloyd’s addition comes at a pivotal moment as we move toward the next phase of our technology’s development,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “With decades of experience in nuclear operations and non-proliferation, and his many connections with nuclear entities in the Oak Ridge area and nationwide, he brings along fresh perspective to help guide our work responsibly. Lloyd has consistently championed innovative solutions throughout his career, and I am pleased to have him on the team.”

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:

    Email: info@laseristech.com
    Telephone: 800-388-5492
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    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: Draganfly’s Commander3 XL UAV Selected by Major Branch of the U.S. Department of Defense for Advanced Operation Initiatives

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, July 16, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions, software, and robotics, today announced the successful selection of its Commander3 XL (C3XL) UAV platform, also known as the ‘Swiss Army Knife’ of drones, by a major branch of the United States Department of Defense (DoD). This delivery supports next-generation deployment initiatives focused on advanced reconnaissance in combination with operational capabilities.

    The procurement was facilitated through a known prime contractor, with Draganfly engaging directly with end-user military stakeholders to ensure the platform was tailored to meet real-world mission requirements. The Commander3 XL platform is to be deployed for intelligence, surveillance, and reconnaissance (ISR) missions that require additional operational capabilities underscoring the growing demand for adaptable UAV platforms in active defense scenarios.

    “This delivery further validates the Commander3 XL’s reliability and versatility for frontline applications,” said Cameron Chell, CEO of Draganfly. “We’re honored to support the DoD’s commitment to autonomous and semi-autonomous multi-mission systems that enhance operational effectiveness.”

    The Commander3 XL is renowned for its robust flight performance, modular payload options, and mission-specific adaptability, making it a trusted platform for complex defense, security, and emergency response operations.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

    Media Contact
    media@draganfly.com

    Company Contact
    Cameron Chell
    Chief Executive Officer
    (306) 955-9907
    info@draganfly.com

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    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to the Commander 3XL platform’s ability to meet real-world mission requirements, its ability to complete ISR missions that may require a mission profile requiring additional operational capabilities, and statements regarding the growing demand for adaptable UAV platforms in active defense scenarios Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network –