Category: United States of America

  • MIL-OSI Security: Defense News: Hohenfels Army Lodging recognized as the Army Lodging of the Year Award for 2024

    Source: United States Army

    USAG BAVARIA – HOHENFELS, Germany – The U.S. Army Lodging Operation of the Year Award recognizes outstanding performance and dedication in Army lodging operations, and U.S. Army Garrison Bavaria’s Army Lodging in Hohenfels recently received the award in the small category (1-60 rooms).

    The Hohenfels lodging facilities were established 1951 and have since been integral to supporting training activities and operations.

    “We are getting recognized for something that the team here has put a lot of hard work into over the last year, and I’m just really proud of what they’ve done,” said hotel manager Clifford Martin. “We focused a lot on customer service over the last couple of years, and I think we’ve been able to provide that to the guests, the Soldiers and our scores and our staff and everything reflects that at this point.”

    Winning organizations exhibit outstanding leadership by prioritizing customer service, fostering strong employee relations, ensuring effective financial management, and optimizing back-of-house systems critical to maintaining seamless operations.

    “Winning this award brings a lot of pride to me,” Martin said. “I’ve had the opportunity to really work with a great team. And in doing so, we’ve been able to offer a great facility to the guests for PCS and TDY into the Hohenfels area. So I am just really grateful and honored to have the team that we have here to be able to provide this service to the Soldiers.”

    The Army lodging team in Hohenfels consists of 18 staff members, and together they take care of 40 guest rooms spread across six buildings.

    “With everybody who is coming here, we are the first people that they come see, and we provide them with a place to stay and get them acclimatized to the area,” said assistant manager Marshall Smith. “And then we also support everybody going into the training area as they come and stay with us. So they have a place to come back to every night.”

    Army lodging guests range from Department of Defense travelers on official business, military members and their Families traveling on permanent change of station orders, retirees and military Families

    “This is a testament; it’s impressive to win this,” said USAG Bavaria commander Col. Stephen C. Flanagan, when he took part in the award presentation. “There are so many Army lodges all around the world, and you are one of the best. And it’s really important right now to take care of our warfighters and everyone that supports them coming through.”

    The Hohenfels Army Lodging is dedicated to provide quality lodging and hospitality services to their patrons to support the garrison’s mission and the community.

    “And I know you’re also working with older facilities, and we are working on that,” Flanagan said. ”What shines through is the customer service and the teamwork and that leaves everyone with a better experience. And you clearly go above and beyond to earn this award.”

    Some of the buildings are from 1949; A new Army Lodging facility is planned for 2028. The new six-floor facility will offer 82 apartments.

    Flanagan also presented the garrison coin to the lodging staff as part of the presentation.

    MIL Security OSI

  • MIL-OSI Security: Defense News: Iowa Army Guard Soldiers Train at Tigerland

    Source: United States Army

    FORT POLK, La. – More than 4,000 Soldiers from the Iowa Army National Guard trained throughout June at Fort Polk, undergoing one of the Army’s most demanding combat training events in preparation for an upcoming overseas deployment.

    Known since the Vietnam War era as “Tigerland,” Fort Polk and the Joint Readiness Training Center have become synonymous with forging combat-ready Soldiers through intense, realistic training. For Iowa’s 2nd Brigade Combat Team, 34th Infantry Division, this rotation marks a pivotal moment: their first full brigade deployment since 2010.

    At the Joint Readiness Training Center, or JRTC, Soldiers are evaluated under pressure. Their minds are stressed, their physical limits are tested and their endurance is pushed to the edge. From junior enlisted Soldiers to senior Iowa Army National Guard leaders, all participants endure mental, physical and emotional exhaustion.

    The JRTC is one of four Army combat training centers. The others are the Joint Multinational Readiness Cente in Hohenfels, Germany; the Joint Pacific Multinational Readiness Center at Schofield Barracks, Hawaii; and the National Training Center at Fort Irwin, California.

    The JRTC, however, is known for being the most grueling. The simulated combat environment, complete with force-on-force scenarios and constant stressors, provides Soldiers with some of the most realistic training they will encounter in their careers.

    “There are a lot of methods that we use to test Soldiers while they’re in the training area. One is simply the stress and pressure of combat,” said Brig. Gen. Derek Adams, the senior trainer for rotation 25-08. “We try to simulate that as best we can.”

    As the senior trainer, Adams works closely with observer-coach/trainers and the JRTC leadership to design, execute and evaluate the training rotation. He coordinates with the operations group, which oversees the exercise, monitors unit performance across all warfighting functions and delivers objective feedback through after-action reviews to improve readiness at every level.

    “JRTC emphasizes DOD’s priorities of lethality, warfighting and readiness by training the entire brigade combat team, from the individual Soldiers to the brigade combat team level,” Adams said. “It’s a large, complex organization, and this training reflects that.”

    This type of training marks a broader shift in Army doctrine.

    The Army is transitioning from the counterinsurgency operations of the past two decades to large-scale combat operations, or LSCO. Large-scale combat operations prepare Soldiers for potential conflicts with near-peer adversaries by emphasizing large-scale maneuvers, complex logistics and sustained combat power.

    “LSCO changes sustainment operations sheerly in the magnitude of what occurs,” said Col. Tony Smithhart, commander of the 734th Regional Support Group. “You’re talking about large numbers of Soldiers, large numbers of equipment.”

    The Regional Support Group is structured to provide logistical support to up to 20,000 Soldiers in a deployed environment. As the Regional Support Command for the JRTC, the RSG was tasked with coordinating all sustainment efforts. This included feeding more than 5,800 Soldiers, managing medical treatment and staging and preparing more than 2,500 pieces of equipment for operation.

    Planning for the JRTC began more than a year before the first boots hit the ground.

    “I made my first trip to Fort Polk about 18 months ago to determine the actual area we’d operate in,” Smithhart said. “Since then, my team at the 734th Regional Support Group has returned about six times to coordinate with Fort Polk staff, validate our node concepts and rehearse operations to support reception, staging, onward integration and base camp management.”

    The JRTC has earned its reputation. The environment is humid and rainy, the terrain is unforgiving and the scenarios evolve constantly.

    All of these factors come together to form a stressful and taxing exercise, but one that will toughen Soldiers. Despite numerous aspects working against them, the Soldiers of the 2nd Brigade Combat Team, 34th Infantry Division, proved they not only have the grit to complete their upcoming deployment successfully but also to complete any mission that is asked of them.

    “The scale of this operation is critical to the development of our Soldiers,” Smithhart said. “It’s been called a generational training opportunity, and I believe that’s accurate.”

    Related Links

    The Official Website of the National Guard | NationalGuard.mil

    The National Guard on Facebook | Facebook.com/TheNationalGuard

    The National Guard on X | X.com/USNationalGuard

    MIL Security OSI

  • MIL-OSI Security: Defense News: Illinois Army National Guard trains with Polish Territorial Defence Force

    Source: United States Army

    TORUŃ, Poland — Soldiers with the 33rd Infantry Brigade Combat Team, Illinois Army National Guard, recently spent two weeks in Torún, Poland, training alongside members of the Polish Territorial Defence Force.

    Since 1993, the Illinois National Guard and Poland have been partners in the Department of Defense National Guard State Partnership Program — an initiative that pairs Guard elements with partner nations worldwide for joint military training and subject matter expert exchanges.

    The recent two-week training focused on sniper operations, combat medical care, the Javelin anti-tank weapon system and remote observer techniques.

    For the sniper teams, the goal was to strengthen leadership skills in employing and overseeing sniper sections as well as developing advanced sniper expertise.

    “Our goal as a training team is to ensure we are equipping the Polish snipers with the tools to employ themselves against drones and thermal environments,” said Sgt. 1st Class Hussein Mashal, an infantryman with Headquarters and Headquarters Company, 1st Battalion, 178th Infantry Regiment, Illinois Army National Guard. “By merging our techniques with theirs and the lessons learned from the Ukrainian war, we hope to strengthen their sniper employment capabilities and survivability.”

    In the medical realm, Soldiers with the Illinois Army Guard’s C Company, 634th Brigade Support Battalion, shared casualty care treatment procedures — from the point of injury to the final point of care.

    This iteration included complex training scenarios that allowed participants to triage and evaluate casualties in a realistic, stressful simulated combat environment.

    “It’s always worth it working with the National Guard,” said Polish TDF 2nd Lt. Jakub Piotrowski, a medical team member and instructor. “We do the same things in different ways so it’s worthwhile to see how a different army is doing the same thing and then be able to cooperate with it.”

    Javelin instructors echoed that sentiment.

    “The Polish soldiers were extremely motivated and eager to learn,” said U.S. Army Staff Sgt. Nicholas Broden, a training noncommissioned officer with C Company, 1st Bn., 178th Inf. Regt. “They were always asking questions and were very hands on with the equipment.”

    Previous training exchanges meant many of the Polish soldiers already had foundational knowledge of the Javelin systems. That allowed the training to advance quickly to more strategic and tactical discussions, said Broden.

    For the forward observer teams — or remote observers — the focus was on establishing the fundamental skills for indirect fire coordination, a capability the TDF is actively strengthening as they expand artillery capabilities.

    “We started off pretty basic with basic call for fire and then basic joint fires observer skills,” said U.S. Army Master Sgt. William Aitken, an operations NCO with the 33rd IBCT. “It’s kind of an abbreviated forward observer program for the TDF.”

    The training also included high tech capabilities — such as employing small drones – combined with improvised concealment techniques to help Polish soldiers observe from a distance while staying hidden. The team practiced setting up hasty observation posts, coordinating drone feeds with command elements, and minimizing visual and electronic signatures — skills directly influenced by lessons learned from the war in Ukraine.

    Overall, the training helped strengthen and continue the 30-plus year partnership.

    “Our partnership with Poland, which began in 1993 and included 19 years of co-deployments to Afghanistan and Iraq, is the gold standard of deployments,” said U.S. Army Brig. Gen. Lenny Williams, the Illinois National Guard’s assistant adjutant general for Army. “We learn, we teach and we develop new tactics and techniques together with each critical knowledge exchange event. Our capabilities have improved, we’ve expanded our capacity and our partnership has grown even stronger the past two weeks.”

    Related Links

    The Official Website of the National Guard | NationalGuard.mil

    The National Guard on Facebook | Facebook.com/TheNationalGuard

    The National Guard on X | X.com/USNationalGuard

    State Partnership Program | NationalGuard.mil

    MIL Security OSI

  • MIL-OSI Security: Defense News: U.S. Army Garrison Italy remembers longtime auto skills mechanic

    Source: United States Army

    VICENZA, Italy – The military communities of U.S. Army Garrison Italy, including Vicenza and Camp Darby, are mourning the loss of Gene Willie Strahan Jr., a devoted automotive mechanic, beloved colleague and cherished friend.

    Strahan knew cars—especially BMWs, his favorite. Friends described him as a gentle giant who loved car shows, fishing and spending time with his tiny dog, Thor.

    A U.S. Army veteran, Strahan served in Germany in the 1980s. As a civilian, he began working in Mannheim, Germany. He later moved to Camp Darby, where he worked as a contractor and later at the post exchange. Many remember him from his time at Camp Darby’s Auto Skills Center. Following downsizing there, Strahan relocated to Vicenza, where he worked at the Auto Skills Center, part of the Directorate of Family and Morale, Welfare and Recreation.

    Strahan’s love of cars translated to a sincere dedication to community members who sought his help. He offered mechanical expertise to soldiers and civilians at Caserma Ederle with humility and genuine warmth. A few minutes in the shop with Strahan often felt more like catching up with an old friend than speaking with a mechanic.

    Over the years, Strahan earned several awards for his work. But his joy came from engaging with the community and making connections that lasted.

    News of his June 10 passing sparked an outpouring of online condolences from Americans and Italians in Vicenza and Camp Darby, as well as friends around the world who remembered his kindness during their time in Italy.

    Jimmy Roddy, DFMWR’s Business Recreation Division chief, first met Strahan 24 years ago at Camp Darby. There, Strahan helped organize the summer car show and became known for offering help to anyone with automotive issues.

    “A big guy, big smile with a bigger heart—always helpful,” Roddy said. “He was very low-key, for as big as he was. He was a gentle giant.”

    Nicknamed “The Frenchman” by fishing buddies, Strahan was born on Dec. 7, 1963 in France into a military family. He grew up around Army bases, to include time in Germany.

    Timothy Gordon, a friend from the Camp Darby days, recalled spending long hours fishing Italian rivers with him—a tradition that continued after both relocated to Vicenza. Another shared passion was cars.

    “If you asked him about a BMW, he could tell you about it from top to bottom,” Gordon said.

    In Vicenza, Strahan was often seen with Thor, a canine companion that went with him nearly everywhere.

    “The smallest dog you could imagine with the biggest man you could ever imagine,” Gordon said. “People would just watch them walk down the road. He just loved small dogs.”

    Strahan also befriended Soldiers, including Spc. Haron Palomo, a volunteer at the Auto Skills Center. Over the past two years, they joked, shared stories and discussed car repairs while Palomo restored a 1993 Honda Civic. As he did with other customers, Strahan offered tips on finding affordable parts.

    “Sadly, he didn’t get to see it finished,” Palomo said.

    Strahan is survived by his mother, daughter, sister and brothers, including Michael Strahan, a television host and former professional football player.

    A memorial service will be held at noon on June 25 at Caserma Ederle’s Chapel. A second service is scheduled for noon on June 26 at Camp Darby’s chapel.

    MIL Security OSI

  • MIL-OSI Security: Defense News: USAG Bavaria, OTH Amberg-Weiden Launch Innovative Learning Partnership

    Source: United States Army

    TOWER BARRACKS, Germany – U.S. Army Garrison Bavaria and Ostbayerische Technische Hochschule Amberg-Weiden celebrated their official partnership May 22, 2025, marking the beginning of an initiative that creates an innovative learning environment.

    This partnership aims to support and promote the exchange between practical and theoretical learning, which is achieved by integrating OTH students and faculty into real-world projects with USAG Bavaria.

    “This is a massive win-win,” said Dwayne D. Key II, deputy to the garrison commander at USAG Bavaria. “I’m most excited not just about meeting the students and seeing ourselves through their eyes. And I think this present generation of learners is so phenomenal.”

    With the support of 120 professors across its four faculties and 54 degree programs, OTH Amberg-Weiden serves approximately 4,200 students and is known for its innovative, future-oriented education.

    Professor Dr. med. Clemens Bulitta, president of OTH Amberg-Weiden, emphasized the importance of this new addition to the university’s partnership network.

    “It’s all about networking and about bringing people together,” Bulitta said. “When you bring people together, they will exchange thoughts, create ideas, become innovative, and they will drive and strengthen partnership and push developments. And now you become part of this network and the doors are opening on both sides.”

    “This partnership drives innovation,” said Lukas Miserra, management analyst for USAG Bavaria. “It strengthens USAG Bavaria by integrating academic expertise and fostering collaboration between students and professionals with the garrison, providing valuable insights and practical experience.”

    Both sides expressed enthusiasm for growing the partnership and involving more regional actors in future cooperation.

    “There’s so much linked here in in this region and such a longstanding tradition of exchange between the communities,” Bulitta said. “We want to get to the point where young people become part of this exchange culture. Bringing people together opens options.”

    MIL Security OSI

  • MIL-OSI USA: CFTC’s Division of Market Oversight Seeks Public Comment on Proposed No-Action Position to MIAX Futures Exchange, LLC

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Division of Market Oversight (DMO) of the Commodity Futures Trading Commission is seeking public comment on a proposed no-action position to MIAX Futures Exchange, LLC (MIAX Futures), a designated contract market (DCM), pursuant to Commission Regulation 140.99. Comments must be submitted by 12 p.m. EDT on June 25, 2025.
    By letter dated June 23, 2025, MIAX Futures requested that DMO issue a letter stating that it will not recommend enforcement action to the Commission in connection with MIAX Futures’ temporary provision for the trading of Minneapolis Hard Red Spring Wheat (HRSW) options on futures (HRSW Options) exclusively through block trades. The requested relief is necessary due to the unavailability of an electronic trading system for the HRSW Options and is intended to allow market participants, including those who are not eligible contract participants (ECPs) as defined in section 1a(18) of the Commodity Exchange Act (CEA), to trade or offset open positions. 
    MIAX Futures has proposed amendments to its rulebook, effective from June 30 through August 29, 2025, to: (i) permit block trading of HRSW Options outside of a centralized market; (ii) lower the block trade threshold for HRSW Options from 15 contracts to one contract; and (iii) permit non-ECPs to participate in block trades of HRSW Options.  
    In order to implement these rulebook amendments, MIAX Futures seeks no-action relief from DCM Core Principle 9, Commission Regulation 1.38, and CEA section 5c(c) and related regulations under Part 40. Staff proposes granting time-limited relief, as described in the proposed letter, to reduce the risk of market disruption and to provide market participants additional time to manage or exit open positions in HRSW Options.
    Due to the novelty of MIAX Futures’ block-trade only proposal, DMO seeks public comment on the above issues. The abbreviated comment period is necessary to facilitate a timely decision in advance of the proposed June 30, 2025, trading date – when the current electronic trading system will cease to be available – if the requested relief is granted. 
    Comments may be submitted electronically through the CFTC’s online portal. All comments will be posted on CFTC.gov. MIAX Futures’ request for a no-action position is available here. DMO’s proposed no-action letter is available here.

    MIL OSI USA News

  • MIL-OSI USA: Tuberville Joins Legislation to Make Blocking Public Roads a Federal Crime

    US Senate News:

    Source: United States Senator Tommy Tuberville (Alabama)

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) joined U.S. Senators Thom Tillis (R-NC), Marsha Blackburn (R-TN), Ted Budd (R-NC), and Bill Cassidy (R-LA) in introducing the Safe and Open Streets Act in response to recent anti-ICE riots in Los Angles. The senators’ legislation would make it a federal crime to purposely obstruct, delay, or impact commerce by blocking a public road or highway, and would penalize lawbreakers through fines or up to five years in prison. Senator Tuberville called for the arrest of California Governor Gavin Newsom and Los Angeles Mayor Karen Bass for their failure to punish the domestic terrorists in Los Angeles who were obstructing roads, putting American citizens in danger and compromising the free flow of commerce. 

    “For nearly a week, we watched as domestic terrorists assaulted ICE and law enforcement officers, set fire to cop cars, and blocked streets in Los Angeles and in other blue cities across the country—all while Gavin Newsom and Karen Bass sat on their tails and did nothing,” said Senator Tuberville. “The First Amendment gives us the right to freedom of assembly, but it doesn’t give the right to block our streets and put American lives at risk. I’m proud to join the Safe and Open Streets Act that restores law and order by holding radical protestors accountable.”

    Complete text of the bill can be found here. 

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News

  • MIL-OSI USA: Duckworth Announces Opposition to Bryan Bedford’s Nomination to be FAA Administrator

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    June 23, 2025

    The Senator raises substantial concerns regarding Bedford’s refusal to commit to protecting 1,500-hour pilot training standards that help keep the flying public safe

    [WASHINGTON, D.C.] – Today, U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Committee on Commerce, Science and Transportation (CST) and Ranking Member of the CST Aviation Subcommittee—issued the following statement announcing her strong opposition to Bryan Bedford’s nomination to serve as Federal Aviation Administrator. Her announcement comes after Bedford refused to commit to upholding the 1,500-hour certification standard for our nation’s pilots after Duckworth pressed him on the issue.

    “It is deeply disturbing that at this critical moment in aviation safety Mr. Bedford refuses to commit to upholding the 1,500-hour pilot training requirement. Amid a surge in near-misses, an air traffic controller shortage, aging air traffic control equipment and facilities, and in the wake of the first major deadly commercial crash in more than a decade, now is not the time to weaken flight hour requirements for all aspiring airline pilots. Incident after incident, it has been pilots who have made last second decisions to avert disaster. Well-trained pilots are our last line of defense, and I cannot support a nominee who as a corporate executive prioritized—and gained notoriety for—his failed effort to convince the FAA to exempt him from the 1,500-hour rule and let him hire less experienced pilots. I will be voting no on Mr. Bedford’s nomination.”

    In light of Bedford’s previous comments and actions against the 1,500-hour rule, Duckworth underscored at his nomination hearing that he would unilaterally attempt to weaken this standard and produce less-prepared pilots despite the serious challenges our nation is facing with regard to aviation safety. When Duckworth asked Mr. Bedford for his commitment to not reduce the 1,500-hour rule if confirmed, Mr. Bedford refused to commit. Duckworth’s remarks can be found on the Senator’s YouTube.

    In 2022, while Bedford was CEO of Republic Airways, the airline asked the FAA for an exemption to the 1,500 hour requirement for graduates from the airline’s training academy. The airline argued its graduates needed only 750 hours of flight time to become first officers, but FAA rejected the application, finding it did not provide an equivalent level of safety.

    Last week, the families of the Colgan Air Flight 3407 crash announced their opposition to Bedford’s nomination.

    For years before the deadly DCA crash, Duckworth has been sounding the alarm that we must make critical aviation safety investments to prevent all-too-often near-misses from becoming catastrophic tragedies. Last Congress, Duckworth chaired two CST Aviation Subcommittee hearings—one last December and the other a year prior—to address our aviation industry’s chilling surge in near-deadly close calls and underscore the urgent need to improve air traffic control systems to protect the flying public.

    Duckworth helped author the landmark bipartisan FAA Reauthorization Act of 2024 that was signed into law last year and included several of her provisions to safeguard the 1,500-hour rule, improve safety, expand the aviation workforce and enhance protections for travelers with disabilities.

    -30-

    MIL OSI USA News

  • MIL-OSI USA: Budd Joins Tillis, Colleagues to Make Obstruction of Public Roads a Federal Crime

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)

    Safe and Open Streets Act is a Direct Response to Radical Tactics Used by Anti-ICE Riots in L.A.

    Washington, D.C. — U.S. Senator Ted Budd (R-N.C.) joined Senators Thom Tillis (R-N.C.), Marsha Blackburn (R-Tenn.), Tommy Tuberville (R-Ala.), and Bill Cassidy (R-La.) in introducing the Safe and Open Streets Act. The bill would make it a federal crime to purposely obstruct, delay, or affect commerce by blocking a public road or highway.

    “Protestors who willfully block traffic pose a serious threat to public safety by impacting the flow of emergency vehicles and personnel. They can also significantly inconvenience Americans trying to get to and from work, school, or important personal business. The First Amendment protects the right to assemble and protest peacefully, but it does not permit such behavior. I’m proud to join Sen. Tillis and our colleagues in ensuring America’s streets are kept clear for everyone,” said Senator Budd.

    “The emerging tactic of radical protestors blocking roads and stopping commerce is not only obnoxious to innocent commuters, but it’s also dangerous and will eventually get people killed. It needs to be a crime throughout the country. I’m proud to introduce the Safe and Open Streets Act so that radical activists who resort to these reckless and dangerous tactics are held accountable under the full weight of the law for endangering public safety,” said Senator Tillis.

    Read the full bill text HERE.

    Background

    The Safe and Open Streets Act is in direct response to radical tactics of anti-ICE protestors who have intentionally blocked roads and highways across the country, including in Los Angeles, stranding drivers and compromising the free flow of commerce. The bill would penalize lawbreakers through fines or up to five years of imprisonment.

    MIL OSI USA News

  • MIL-Evening Report: Drone footage captured orcas crafting tools out of kelp – and using them for grooming

    Source: The Conversation (Au and NZ) – By Vanessa Pirotta, Postdoctoral Researcher and Wildlife Scientist, Macquarie University

    Sara Jenkins/500px/Getty

    The more we learn about orcas, the more remarkable they are. These giant dolphins are the ocean’s true apex predator, preying on great white sharks and other lesser predators.

    They’re very intelligent and highly social. Their clans are matrilineal, centred around a older matriarch who teaches her clan her own vocalisations. Not only this, but the species is one of only six known to experience menopause, pointing to the social importance of older females after their reproductive years. Different orca groups have fashion trends, such as one pod who returned to wearing salmon as a hat, decades after it went out of vogue.

    But for all their intelligence, one thing has been less clear. Can orcas actually make tools, as humans, chimps and other primates do? In research out today by United States and British researchers, we have an answer: yes.

    Using drones, researchers watched as resident pods in the Salish Sea broke off the ends of bull kelp stalks and rolled them between their bodies. This, the researchers say, is likely to be a grooming practice – the first tool-assisted grooming seen in marine animals.

    This video shows whales using kelp tools in what appears to be social grooming behaviour. Credit: Center for Whale Research.

    Self kelp: why would orcas make tools?

    Tool use and tool making have been well documented in land-based species. But it’s less common among marine species. This could be partly due to the challenge of observing them.

    This field of research expands what we know these animals are capable of. Not only are orcas spending time making kelp into a grooming tool, but they’re doing it socially – two orcas have to work together to rub the kelp against their bodies.

    To make the tool, the orcas use their teeth to grab a stalk of kelp by its “stipe” – the long, narrow part near the seaweed’s holdfast, where it tethers to the rock. They use their teeth, motion of their body and the drag of the kelp to break off a piece of this narrow stipe.

    Next, they approach a social partner, flip the length of the kelp onto their rostrum (their snout-like projection) and press their head and the kelp against their partner’s flank. The two orcas use their fins and flukes to trap the kelp while rolling it between their bodies. During this contact, the orcas would roll and twist their bodies – often in an exaggerated S-shaped posture. A similar posture has been seen among orcas in other groups, who adopt it when rubbing themselves on sand or pebbles.

    Why do it? The researchers suggest this practise may be social skin-maintenance. Bottlenose dolphin mothers are known to remove dead skin from their calves using flippers, while tool-assisted grooming of a partner has been seen in primates, but infrequently and usually in captivity.

    Orcas across different social groups, ages and genders were seen doing this. But they were more likely to groom close relatives or those of similar age. There was some evidence suggesting whales with skin conditions were more likely to do the kelp-based grooming.

    Humpback whales are known to wear kelp in a practice known as “kelping”. But this study covers a different behaviour, which the authors dub “allokelping” (kelping others).

    A surprise from well-studied pods

    Interestingly, this new discovery comes from some of the most well-studied and famous orcas in the world – a group known as the southern resident killer whales. If you were a child of the 90s, you would have seen them in the opening scene of Free Willy, the movie which set me on my path to study cetaceans.

    These orcas consist of three pods known as J, K and L pods. Each live in the Salish Sea in the Pacific Northwest on the border of Canada and the US.

    Researchers fly drones over these resident pods most days and have access to almost 50 years of observations. But this is the first time the tool-making behaviour has been seen.

    Unfortunately, these pods are critically endangered. They’re threatened by sound pollution from shipping, polluted water, vessel strike and loss of their main food source – Chinook salmon.

    A pod of killer whales off Vancouver, Canada.
    Vanessa Pirotta, CC BY-NC-ND

    Orcas are smart

    In one sense, the findings are not a surprise, given the intelligence of these animals.

    In the Arctic, orcas catch seals by making waves to wash them off ice floes. Before European colonisation, orcas and First Nations groups near Eden hunted whales together.

    They can mimic human speech, while different groups have their own dialects. These animals are awe-inspiring – and sometimes baffling, as when a pod began biting or attacking boats off the Iberian peninsula.

    While orcas are often called “killer whales”, they’re not whales. They’re the biggest species of dolphin, growing up to nine metres long. They’re found across all the world’s oceans.

    Within the species, there’s a surprising amount of diversity. Scientists group orcas into different ecotypes – populations adapted to local conditions. Different orca groups can differ substantially, from size to prey to habits. For instance, transient orcas cover huge distances seeking larger prey, while resident orcas stick close to areas with lots of fish.

    Not just a fluke

    Because orcas differ so much, we don’t know whether other pods have discovered or taught these behaviours.

    But what this research does point to is that tool making may be more common among marine mammals than we expected. No hands – no problem.

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

    ref. Drone footage captured orcas crafting tools out of kelp – and using them for grooming – https://theconversation.com/drone-footage-captured-orcas-crafting-tools-out-of-kelp-and-using-them-for-grooming-259372

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Welch Condemns Iran’s Retaliatory Attack Targeting U.S. Military Base in Qatar 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) released the following statement after Iran launched retaliatory targeted attacks on a U.S. military base in Qatar: 
    “I condemn Iran’s missile launches targeting U.S. forces in Qatar and am thankful our troops are safe and unharmed. In addition to endangering U.S. forces, these strikes put at risk millions of civilians in Doha. This retaliation would never have taken place if President Trump had not been led into this conflict by Prime Minister Netanyahu. It is clear that Netanyahu’s goals in Iran go well beyond Iran’s nuclear program—clearly evidenced by intentionally bombing universities, television broadcasters, and natural gas sites. Netanyahu wants regime change. It raises serious questions about President Trump’s motivation for dropping bombs without first seeking the support of Congress, as required by the Constitution.  
    “I strongly support Senator Kaine’s War Powers Resolution, which permits U.S. forces to continue defending Israel from attacks by Iran, while enforcing the President’s constitutional obligation to seek Congressional authorization before launching a war with Iran.”  
    Earlier this week, Senator Welch released a statement condemning President Trump’s decision to enter a war with Iran. Senator Welch also shared a video voicing his opposition to taking action in the conflict between Israel and Iran, and urged Senators of both parties to strongly oppose allowing Netanyahu to pull the U.S. into yet another war in the Middle East. 

    MIL OSI USA News

  • MIL-OSI USA: Baldwin Joins Bipartisan Group Urging Trump Admin to Reverse Closure of Job Corps Centers

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin

    WASHINGTON, D.C. – U.S. Senator Tammy Baldwin (D-WI) joined a bipartisan group of Appropriations Committee members led by Senators Susan Collins (R-ME) and Jack Reed (D-RI) in sending a letter to Department of Labor (DOL) Secretary Lori Chavez-DeRemer, urging the DOL to reverse its decision to close Job Corps Centers nationwide.

    “The sudden announcement that the Department of Labor began the process of closing all Job Corps Centers on May 29, 2025, will harm students and local economies in every state across the nation,” the Senators wrote. “We urge you to retract this announcement and to faithfully implement the Fiscal Year (FY) 2025 Full-Year Continuing Resolution Act, which President Trump signed into law and which includes $1,760,155,000 for Job Corps.”

    “Job Corps has helped millions of young people, ages 16 to 24, many of whom face significant economic and social challenges, develop the skills and resilience they need to succeed in work and in life through intensive education, training, and support services in a residential setting since its creation in 1964,” they continued. “The sudden closure of Job Corps Centers not only puts young people’s lives at risk, but local communities will pay a steep price, especially the thousands of individuals who work at the Centers and will lose their livelihoods.”

    “Abruptly canceling contracts for the nation’s Job Corps Centers will leave students and communities in the lurch and will undermine opportunities for young people to get education and training to succeed in valuable trades. While we would be pleased to work with you to improve the Job Corps program to do even more to serve our young people and address growing workforce needs, it is essential that you faithfully implement the program in accordance with the FY 2025 Continuing Resolution and reopen all Job Corps Centers,” the Senators concluded.

    The letter was also signed by Senators Patty Murray (D-WA), Lisa Murkowski (R-AK), John Boozman (R-AR), Jeanne Shaheen (D-NH), Cindy Hyde-Smith (R-MS), and Jeff Merkley (D-OR).

    Senator Baldwin has been strongly opposed to President Trump’s moves to close down Job Corps sites, including the one in Milwaukee. During President Trump’s first term, Senator Baldwin blocked the administration from trying to close a Job Corps center near Laona that provides economic opportunities in rural Wisconsin. At a hearing for President Trump’s Fiscal Year 2026 budget proposal in May, Senator Baldwin pressed DOL Secretary Lori Chavez-Deremer on proposed cuts to workforce training programs, including the Job Corps program. After the Trump Administration announced a new round of cuts in May, Senator Baldwin demanded they reverse course on the decision to shutter Job Corps training sites across the country.

    A full version of this letter is available here and below.

    Dear Secretary Chavez-DeRemer:

    The sudden announcement that the Department of Labor began the process of closing all Job Corps Centers on May 29, 2025, will harm students and local economies in every state across the nation. We urge you to retract this announcement and to faithfully implement the Fiscal Year (FY) 2025 Full-Year Continuing Resolution Act, which President Trump signed into law and which includes $1,760,155,000 for Job Corps. That includes funding to enroll students in Job Corps Centers for the new program year that starts July 1, 2025. We expect the Department to prevent any interruptions or delays in serving students or program options by making the necessary changes or extensions to contracts and quickly restarting background checks.

    Job Corps has served millions of young people, ages 16 to 24, many of whom face significant economic and social challenges, develop the skills and resilience they need to succeed in work and in life through intensive education, training, and support services in a residential setting since its creation in 1964. Today, many jobs require training beyond a high school diploma but not a college degree, including those of strategic national importance, such as electricians needed to build data centers to power artificial intelligence, machinists, pipefitters, and welders to manufacture the next generation of submarines and destroyers, wildland firefighters to keep our communities safe, and nurses to help care for our families. Job Corps is one of the few national programs that fills the gap by recruiting young people who are out of the labor force and providing them with the career and technical education to address these critical workforce needs.

    Job Corps Centers contribute to their local communities and economies. They have developed partnerships with employers, local workforce development boards, local government agencies, and community-based organizations. The sudden closure of Job Corps Centers not only puts young people’s lives at risk, but local communities will pay a steep price, especially the thousands of individuals who work at the Centers and will lose their livelihoods.

    Abruptly canceling contracts for the nation’s Job Corps centers will leave students and communities in the lurch and will undermine opportunities for young people to get education and training to succeed in valuable trades. While we would be pleased to work with you to improve the Job Corps program to do even more to serve our young people and address growing workforce needs, it is essential that you faithfully implement the program in accordance with the FY 2025 Continuing Resolution and reopen all Job Corps Centers. Thank you for your attention to this request, and we request your prompt reply no later than June 24, 2025.

    Sincerely,

    MIL OSI USA News

  • MIL-OSI USA: Wyden Reintroduces Legislation to Protect TPS and DED Recipients

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    June 23, 2025

    The legislation has been reintroduced following Trump’s attack on immigrant communities, including 563,000 TPS recipients

    Washington, D.C. U.S. Senator Ron Wyden, D-Ore., joined 30 senators today in reintroducing legislation to provide qualified Temporary Protected Status and Deferred Enforced Departure recipients a path to legal permanent residency. 

    “Donald Trump’s all-out war on immigrants spits in the faces of our Founding Fathers,” Wyden said. “Torching TPS is not the answer to repairing our country’s broken immigration system. Immigrants are the backbone of American communities, making the most out of hard-working everyday jobs that prop up our local economies. This bill offers a pathway to permanent residency to TPS recipients so they can fulfill their dream of building a life here in America.”

    Currently, 860,000 people live  in the United States with TPS status, a program that  provides temporary, legal immigration status to those fleeing natural disasters, violence, and political security in their home countries. Similarly, DED is a temporary and discretionary administrative stay of removal granted to foreign citizens from designated countries. These grants are usually in response to war, civil unrest, or natural disasters through an executive order or presidential memorandum that provides eligibility guidelines to conduct foreign relations.

    The reintroduction of the Safe Environment from Countries Under Repression and Emergency (SECURE) Act follows the Trump administration and the Supreme Court’s attack on TPS. The Supreme Court upheld the Trump administration’s repeal of TPS for an estimated 563,000 recipients, putting hundreds of thousands of immigrants at risk of deportation and significant danger in their home countries.

    This legislation is endorsed by AFL-CIO, Laborers’ International Union of North America, International Union of Painters and Allied Trades , CASA, National TPS Alliance, Working Families United, the National Network for Arab American Communities, International Longshore and Warehouse Union, Service Employees International Union , and Communities United for Status and Protection.

    In addition to Wyden, Senators Chris Van Hollen, D-Md., introduced the legislation, and was joined by Senators Angela Alsobrooks, D-Md., Tammy Baldwin, D-Wis., Michael Bennet, D-Colo., Richard Blumenthal, D-Conn., Cory Booker, D-N.J., Chris Coons, D-Del., Catherine Cortez-Masto, D-Nev., Tammy Duckworth, D-Ill., Dick Durbin, D-Ill., Martin Heinrich, D-N.M., John Hickenlooper, D-Colo., Mazie Hirono, D-Hawaii, Tim Kaine, D-Va., Andy Kim, D-N.J., Amy Klobuchar, D-Minn., Ben Ray Luján, D-N.M., Edward Markey, D-Mass., Patty Murray, D-Wash., Alex Padilla, D-Calif., Jack Reed, D-R.I., Jacky Rosen, D-Nev., Bernie Sanders, I-Vt., Brian Schatz, D-Hawaii, Adam Schiff, D-Calif., Tina Smith, D-Minn., Mark Warner, D-Va., Raphael Warnock, D-Ga., Elizabeth Warren, D-Mass., and Sheldon Whitehouse, D-R.I.

    Specifically, the SECURE Act would ensure current and past TPS recipients and DED eligible individuals – who have been continuously present in the United States for at least three years – are eligible to apply for legal permanent residency.

    .Under the SECURE Act:

    1. A spouse, domestic partner, child, or unmarried child of a qualifying non-citizen would be eligible to obtain permanent resident status (upon meeting certain requirements).
    2. Individuals with a pending TPS application will receive work authorization and be eligible for travel authorization.
    3. Non-citizens with a pending application on intention to apply for permanent legal status are shielded from deportation.  Non-citizens who have a pending application or are prima facie eligible for permanent status under the bill and intends to apply are shielded from deportation.
    4. Information from an applicant’s application may not be shared or used for immigration enforcement purposes, with limited exceptions such as identifying fraudulent claims.
    5. DHS must provide reasonable explanation to Congress before terminating a country’s DHS status.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Murkowski Joins Bipartisan Group of Appropriators Urging Labor Department to Reverse Closure of Job Corps Centers

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski

    06.23.25

    Washington, DC – U.S. Senator Lisa Murkowski (R-AK), a senior member of the Appropriations Committee, joined U.S. Senators Susan Collins (R-ME), Chair of the Appropriations Committee, and Jack Reed (D-RI) in sending a letter to Secretary of Labor Lori Chavez-DeRemer, urging the Department of Labor (DOL) to reverse its decision to begin the closure of Job Corps Centers nationwide.

    In addition to Murkowski, Collins, and Reed, Senators Patty Murray (D-WA), Tammy Baldwin (D-WI), John Boozman (R-AR), Jeanne Shaheen (D-NH), Cindy Hyde-Smith (R-MS), and Jeff Merkley (D-OR) also signed the letter.

    “The sudden announcement that the Department of Labor began the process of closing all Job Corps Centers on May 29, 2025, will harm students and local economies in every state across the nation,” the Senators wrote. “We urge you to retract this announcement and to faithfully implement the Fiscal Year (FY) 2025 Full-Year Continuing Resolution Act, which President Trump signed into law and which includes $1,760,155,000 for Job Corps.”

    “Job Corps has helped millions of young people, ages 16 to 24, many of whom face significant economic and social challenges, develop the skills and resilience they need to succeed in work and in life through intensive education, training, and support services in a residential setting since its creation in 1964,” they continued. “The sudden closure of Job Corps Centers not only puts young people’s lives at risk, but local communities will pay a steep price, especially the thousands of individuals who work at the Centers and will lose their livelihoods.”

    “Abruptly canceling contracts for the nation’s Job Corps Centers will leave students and communities in the lurch and will undermine opportunities for young people to get education and training to succeed in valuable trades. While we would be pleased to work with you to improve the Job Corps program to do even more to serve our young people and address growing workforce needs, it is essential that you faithfully implement the program in accordance with the FY 2025 Continuing Resolution and reopen all Job Corps Centers,” the Senators concluded.

    The complete text of the letter can be read here.

    MIL OSI USA News

  • MIL-OSI USA: Congresswoman Torres Calls for Federal and State Labor Agencies to Protect Inland Empire Warehouse Workers from Dangerous Indoor Heat

    Source: United States House of Representatives – Congresswoman Norma Torres (35th District of California)

    June 23, 2025

    Urges Inspections and Finalization of Federal Strong Heat Protection Standards Amid Rising Temperatures

    Washington, D.C. – Today, Congresswoman Norma Torres sent a letter to Secretary Lori Chavez-DeRemer of the U.S. Department of Labor and Secretary Stewart Knox of the California Labor & Workforce Development Agency, urging immediate and comprehensive measures to safeguard warehouse workers in the Inland Empire from dangerous heat conditions as summer temperatures soar.

    The Inland Empire serves as a critical logistics hub—handling nearly 40 percent of America’s imported goods—supporting approximately 200,000 transportation and warehousing jobs. Recent years have seen record-breaking heat waves with outdoor temperatures exceeding 110°F and indoor warehouse temperatures reaching 89°F, posing significant health risks to workers. This year, the Inland Empire experienced temperatures of nearly 100°F before Memorial Day, and last week, the region was under a heat advisory.

    “Inland Empire warehouse workers are the backbone of our supply chain and economy,” said Congresswoman Torres. “They deserve protection from extreme heat with access to water, fans, and adequate training to prevent heat-related illnesses. Frequent and thorough inspections are critical to ensuring that important heat-related workplace requirements are adhered to and workers’ rights are protected.”

    For the California Labor & Workforce Development Agency, its Division of Occupational Safety and Health (Cal/OSHA) on July 24, 2024, finalized California’s Indoor Heat Illness Prevention regulation, which mandates safety measures when indoor temperatures reach 82°F. Rep. Torres applauded this action but called for ongoing reminders to employers and increased inspection frequency during heat waves.

    For the U.S. Department of Labor, Rep. Torres urges their Occupational Safety and Health Administration (OSHA) to promptly finalize its proposed rule on “Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings,” published last year in August, to establish strong, enforceable protections for workers nationwide.

    The letter requests details from both agencies outlining their comprehensive plans for inspections, including training, information and equipment provided to workers during the summer, along with a post-summer report or briefing on:

    • Lessons learned from inspection efforts and their effectiveness.

    • The working conditions and job impacts on the hottest summer days.

    • Recommendations for employers and steps taken to address violations.

    “Protecting our workers from indoor heat hazards is not just a safety issue—it is a matter of fairness and respect for those who keep our economy moving,” added Congresswoman Torres. “As summers grow hotter, we must act decisively to prevent heat illnesses and fatalities in our warehouses.”

    Full letter

    ###

    MIL OSI USA News

  • MIL-OSI USA: Rep. Young Kim Bill to Support Taiwan in IMF Passes House

    Source: United States House of Representatives – Representative Young Kim (CA-39)

    Washington, DC – Today, the House of Representatives passed the Taiwan Non-Discrimination Act (H.R. 910), a bipartisan bill led by U.S. Representatives Young Kim (CA-40) and Al Green (TX-09) to support Taiwan’s participation in the International Monetary Fund (IMF).  

    Watch Rep. Kim speak in support of the bill HERE. 

    “Taiwan – the 21st largest economy in the world and producer of 90 percent of the world’s advanced semiconductor chip supply – doesn’t just deserve a seat at the table at the IMF. The free world needs Taiwan at the IMF,” said Congresswoman Young Kim. “We cannot be complicit as international organizations cede leverage to Beijing and silence Taiwan’s voice. I thank my colleagues for joining me to support Taiwan’s participation in the IMF, and I will keep fighting to get this to President Trump’s desk.”  

    Congressman Al Green stated, “I am pleased to partner once more with Representative Kim on H.R. 910, the Taiwan Non-Discrimination Act. This common sense, bipartisan measure furthers the long-term interests of both Taiwan and the U.S. by supporting Taiwan’s ongoing efforts to participate in the International Monetary Fund, and other international financial institutions. Taiwan’s expertise developing one of the largest and most complex economies in the world would bring a valuable perspective to multilateral economic organizations. This legislation passed the House of Representatives last Congress, and I am pleased to see it do so once again in this Congress.” 

    The Taiwan Non-Discrimination Act (H.R. 910) would ensure the U.S. governor of the IMF advocates for:    

    • Taiwan’s admission into the IMF as a member;   
    • Taiwan’s participation in the IMF’s regular surveillance activities relating to Taiwan’s economic and financial policies;    
    • Employment opportunities at the IMF for Taiwan nationals; and,   
    • Taiwan’s ability to receive IMF technical assistance and training.    

    Senate companion legislation has been introduced by Senators Dave McCormick (R-PA), Jacky Rosen (D-NV), Dan Sullivan (R-AK), and Elissa Slotkin (D-MI). 

    Reps. Kim and Green introduced similar legislation in the 118th Congress that passed the House in January 2024.  

    In the 117th Congress, Rep. Kim led a bipartisan bill, which became law in May 2022, to restore Taiwan’s observer status in the World Health Organization and World Health Assembly.   

    MIL OSI USA News

  • MIL-OSI: Bitcoin Treasury Corporation Announces Closing of Amalgamation and Concurrent Financing

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to United States news wire services or for dissemination in the United States.

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Bitcoin Treasury Corporation (“Bitcoin Treasury” or the “Corporation”), further to its press releases dated May 22, 2025, May 30, 2025, and June 17, 2025, is pleased to announce that it has completed the previously announced amalgamation, pursuant to which 2680083 Alberta Ltd. (“268”) and Bitcoin Treasury Corporation (pre-amalgamated entity) (“BTCT”) have amalgamated and will continue as one corporation, that will carry on the business of BTCT (the “Transaction”). The Corporation is also pleased to announce that a listing application in respect of the Corporation has been submitted to the TSX Venture Exchange (the “TSXV”) to list the common shares of the Corporation (the “Bitcoin Treasury Shares”). Listing of the Bitcoin Treasury Shares is subject to the TSXV providing final approval thereof (the “Listing”).

    Concurrent Financing

    The Corporation is also pleased to announce that, further to its press release dated May 30, 2025 and prior to the close of the Transaction, BTCT closed a concurrent brokered private placement of 8,407,350 equity subscription receipts and 25,000 convertible debenture subscription receipts (the “Convertible Debenture Subscription Receipts”) at a price of $1,000 per Convertible Debenture Subscription Receipt and a non-brokered private placement of 1,166,000 equity subscription receipts (the “Equity Subscription Receipts”) at a price of $10.00 per Equity Subscription Receipt for aggregate gross proceeds of $120,733,500 (collectively, the “Concurrent Financing”). Canaccord Genuity and Stifel acted as co-lead agents, together with National Bank Financial Markets, BMO Capital Markets, CIBC Capital Markets, Wellington-Altus, Greenhill, a Mizuho affiliate, Research Capital, Haywood Securities, ATB Capital Markets, Independent Trading Group, Richardson Wealth and Ventum Capital Markets (collectively, the “Agents”) in connection with the Concurrent Financing.

    Prior to the close of the Transaction, each Equity Subscription Receipt was converted into one common share of BTCT (“BTCT Share”) and each Convertible Debenture Subscription Receipt was converted into one convertible debenture of BTCT (“BTCT Convertible Debenture”) on a one for one basis.

    In connection with the closing of the Concurrent Financing and as consideration for their services, BTCT paid to the Agents cash fees of $5,979,000.

    Share Consolidation

    Immediately prior to the completion of the Transaction, 268 completed a consolidation of the common shares of 268 (“268 Shares”) based on a ratio of one (1) post-consolidation common share for each 51.66712593 pre-consolidation common shares, resulting in an aggregate of 74,999 268 Shares.

    The Transaction

    Pursuant to the amended and restated amalgamation agreement between 268 and BTCT dated June 16, 2025, among other things, (i) 268 and BTCT have amalgamated pursuant to the provisions of the Business Corporations Act (Alberta); (ii) each holder of BTCT Shares received one Bitcoin Treasury Share in exchange for each BTCT Share held by such holder and the BTCT Shares were cancelled by the Corporation; (iii) each holder of BTCT Convertible Debentures or warrants of BTCT (the “BTCT Convertible Securities”) received one convertible debenture in the Corporation or one warrant of the Corporation, as the case may be, in exchange for each BTCT Convertible Security held by such holder and the BTCT Convertible Securities were cancelled by the Corporation; (iv) each holder of 268 Shares received one Bitcoin Treasury Share in exchange for each 268 Share held by such holder and the 268 Shares were cancelled by the Corporation; and (v) the Corporation adopted the equity incentive plan of BTCT.

    Bitcoin Treasury Share Offering

    Upon final approval from the TSXV of the Listing and the TSXV’s issuance of a “list and halt” bulletin, the Corporation intends to complete a brokered offering of up to 426,650 Bitcoin Treasury Shares at a price of $10.00 per Bitcoin Treasury Share (the “Offered Shares”). This, combined with the Concurrent Financing, will provide aggregate gross proceeds of $125,000,000. The Offered Shares will be issued after the Bitcoin Treasury Shares commence trading on the TSXV, and such Bitcoin Treasury Shares shall immediately be halted. Such Offered Shares will be eligible for investment in RRSPs, RESPs, RRIFs, RDSPs, TFSAs, FHSAs and DPSPs, but will be subject to a statutory hold period of four months plus one day from the date the Offered Shares are issued, in accordance with applicable Canadian securities laws. The offering of the Offered Shares is expected to close on or about the week of June 23, 2025. In connection with the closing of the Offered Shares and as consideration for their services, BTCT anticipates a payment to the Agents a cash commission of $178,950.

    For further information, please contact:

    Bitcoin Treasury Corporation
    Elliot Johnson, Chief Executive Officer
    Phone: 416-619-3403
    Email: ejohnson@btctreasurycorp.com

    Neither 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 news release.

    Cautionary Note Regarding Forward-Looking Statements

    This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the Listing of Bitcoin Treasury Shares; the offering of Offered Shares; the anticipated closing date of the Offered Share offering; receipt of a TSXV list and halt bulletin; the anticipated Agents fees relating to the Offered Share offering; expectations related to Bitcoin and its use in the future; and future development plans of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: ability to close the Bitcoin Treasury Share Offering on the proposed terms or at all, the synergies expected from the Transaction not being realized; business integration risks; the Corporation’s operating results will experience significant fluctuations due to the highly volatile nature of Bitcoin; BTCT operates in a heavily regulated environment and any material changes or actions could lead to negative adverse effects to the business model, operational results, and financial condition of BTCT; evolving cryptocurrency regulatory requirements and the impact on BTCT’s business plan; Bitcoin value risk; reliance on key personnel; implementation of the Corporation’s business plan; lack of operating history; competitive conditions; de banking and financial services risk; anti money laundering and corrupt business practices; additional capital; financing risks; global financial conditions; insurance and uninsured risks; cybersecurity risks; changes to bank fees or practices, or payment card networks; audit of tax filings; market for the Bitcoin Treasury Shares; market price of the Bitcoin Treasury Shares; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Corporation’s business; risk of litigation; pandemics or other health crisis; acquisitions and integration; risk of dilution of Bitcoin Treasury securities; dividend policy; Bitcoin price volatility; custodial risks; technological vulnerabilities; Bitcoin transactions are irreversible and may result in significant losses; short history risk; limited history of the Bitcoin market; potential decrease in the global demand for Bitcoin; economic and political factors; top Bitcoin holders control a significant percentage of the outstanding Bitcoin; availability of exchange traded products liquidity; security breaches; the amalgamation agreement may be terminated by 268 or BTCT in certain circumstances; there can be no certainty that all conditions precedent to the Transaction will be satisfied; BTCT and 268 may incur costs even if the Transaction is not completed; the requirements that accompany being a publicly traded company may put a strain on the Corporation’s resources, divert attention from management, and adversely affect its ability to maintain and attract management and qualified board members; uncertainty of use of proceeds; liquidity risk; leverage risk; and share price fluctuations.

    Although management of BTCT believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this news release, and BTCT does not undertake any obligation to update publicly or to revise any of the included forward -looking statements or information, whether as a result of new information, change in management’s estimates or opinions, future circumstances or events or otherwise, except as expressly required by applicable securities law.

    Completion of the Listing is subject to a number of conditions, including but not limited to, TSXV acceptance.

    Investors are cautioned that, except as disclosed in the filing statement filed on June 17, 2025, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

    The TSXV has neither approved nor disapproved the contents of this news release.

    The MIL Network

  • MIL-OSI USA: Ernst Champions Opportunities for Future Farmers and Manufacturers

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    STORM LAKE, Iowa – U.S. Senator Joni Ernst (R-Iowa), a member of the Senate Committee on Agriculture, led a roundtable discussion on her bipartisan Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) that will expand opportunities for first-time farmers and small to mid-size manufacturers.
    The legislation will modernize the Internal Revenue Service’s (IRS) rules for Industrial Development Bonds (IDBs) and First-Time Farmer Bonds (Aggie Bonds) and provide new financing opportunities for beginning farmers and small-scale manufacturers. Iowa leads the nation in use of Aggie Bonds, but the rules for IDBs and Aggie Bonds have not been updated in nearly 30 years.
    “It’s time to cut the red tape and give our farmers, small manufacturers, and rural lenders room to grow. My bipartisan MAMBA legislation’s commonsense updates will do that by driving new investment and making it easier for beginning farmers and manufacturers to access capital and grow their businesses,” said Senator Ernst. “Iowa leads the nation in using Aggie Bonds, and I appreciate the folks who joined me to share their insights as I work to get this bill across the finish line.”

    Download photos from the event here.
    Today, Ernst was joined by:

    Tammy Nebola, Ag Development Program Specialist, Iowa Finance Authority
    Jayme Ungs, Iowa Ag Development Division Board Member, Peoples Bank
    Kevin Boyle, Iowa Ag Development Division Board Member, Templeton Savings Bank
    Eric Weuve, Organizer of the Iowa Bankers Association Ag Lending Program, Iowa State Extension
    Makayla Gallentine, Advocacy and Policy Coordinator, Iowa Bankers Association
    Mike Gathman, CEO, Community Bankers of Iowa

    Ernst’s MAMBA legislation has earned overwhelming support:
    “We applaud Senator Ernst for introducing the Modernizing Agricultural and Manufacturing Bonds Act,” said David Howard, Policy Development Director at the National Young Farmers Coalition. “Access to land–the number one challenge for this new generation of farmers and ranchers–is inextricably linked to credit accessibility. Aggies bonds provide a win-win mechanism that affords tax free interest to private agricultural lenders, on lower interest loans made to beginning farmers. This proposed legislation will make several commonsense updates to this important credit accessibility tool.”
    “We are thrilled that MAMBA has been reintroduced in the U.S. Senate with bipartisan support. With our country facing great economic opportunity, it has become clear that investments in farmers and manufacturers are necessary to strengthen the United States’ global competitiveness. By updating the 40-year-old rules around agricultural and manufacturing bonds, MAMBA allows for the innovative financing tools necessary to invest in local communities by expanding and growing American manufacturing and farming,” said Toby Rittner, President & CEO of the Council of Development Finance Agencies. “Senators Ernst and Warner have been great champions of farmers and manufacturers and the development finance industry as a whole, and I am thankful for their commitment to those key pillars of the U.S. economy.”
    “The BDA supports the reintroduction of the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA). This commonsense and bipartisan legislation will embolden small manufacturers and first-time farmers in a time when investment in rural America is needed more than ever,” said the Bond Dealers of America. “It has been over 30 years since these bonds have been modernized, causing stagnation in these respective industries.  We call on Congress to advance this overdue legislation.”
    “The Independent Community Banks of America (ICBA) supports the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) and applauds its introduction by Senators Ernst and Warner. This legislation modernizes industrial development bonds and first-time farmer bonds by updating, for the first time in 30 years, the Internal Revenue Code’s treatment of IDBs for small manufacturers and aggie bonds for beginning farmers,” said Rebeca Romero Rainey, ICBA President and CEO. “These changes allow community banks to better serve these market segments that are vitally important to our local rural economies by providing customers more flexible and larger financing and lower-cost credit options.”
    “MAMBA will support the flow of investment to small and medium-size manufacturing companies across the American heartland, bringing the program of Industrial Development Bonds and Aggie Bonds into the 21st Century,” said Julius Krein, Chair of the Board of Directors of the New American Industrial Alliance. “NAIA encourages the reindustrialization of the American economy at all levels and in all sectors, especially in financing the development of productive capacity.”
    Read the full bill – supported by Senators Mark Warner (D-Va.) and Cindy Hyde-Smith (R-Miss.) – here.

    MIL OSI USA News

  • MIL-OSI USA: Praise Pours in for Ernst Bill to Unleash Domestic Manufacturing

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – Support continues to pour in from small manufacturers in Iowa and across the country for Senator Joni Ernst’s (R-Iowa) Made in America Manufacturing Finance Act that doubles the loan limit for Small Business Administration (SBA) manufacturing loans.
    Senate Committee on Small Business and Entrepreneurship Chair Ernst’s bill will continue to fuel the great manufacturing boom happening under President Trump and ensure that “Made in America” becomes the norm instead of the exception.
    Here is some of the praise for the bill:
    Ceilley Pallets (Waterloo, Iowa)
    “I think we as a community have the potential to once again be a manufacturing powerhouse in the Cedar Valley, as well as serving throughout the United States. I am optimistic that if stewarded properly, the additional resources available to small businesses will supercharge innovation, collaboration, production, education, and flourishing of our businesses, and workforce,” said Kevin Taylor, owner.
    The bill has previously earned high marks from groups across Iowa.
    Iowa Association of Business and Industry
    “Iowa’s manufacturers are ready to grow, invest, and lead in the future of American manufacturing – but access to capital is critical. The Made in America Manufacturing Finance Act is a commonsense solution that will empower small manufacturers to invest in the tools, technology, and facilities they need to compete globally. ABI applauds Senator Ernst and Chairman Williams for their leadership and commitment to strengthening U.S. manufacturing,” said Nicole Crain, President.
    Iowa Bankers Association
    “The Iowa Bankers Association thanks Senator Joni Ernst for her leadership in proposing the Made in America Manufacturing Finance Act. Bank leaders in Iowa have advocated for increasing the loan limits in these SBA programs with the goal of driving more investment in communities across the state of Iowa.  Manufacturing is an important piece of Iowa’s economy, and Iowa banks are proud partners in helping small businesses grow and expand. This proposed legislation will make the work of our Iowa banks even more impactful,” said Adam Gregg, President.
    Cedar Rapids Metro Economic Alliance
    “Manufacturing is a cornerstone of our region’s economic vitality. By increasing access to capital for small manufacturers, the Made in America Manufacturing Finance Act empowers businesses to expand, innovate and compete globally—while reinforcing our domestic supply chains. We commend Senator Ernst for her leadership as Chair of the Senate Small Business Committee and her commitment to addressing the financial needs of small manufacturers in today’s economy,” said Barbra Solberg.
    Greater Burlington Partnership
    “Increasing loan limits for small manufacturers strengthens the backbone of our local economy. This bipartisan effort will give more Iowa businesses the tools they need to expand operations, invest in new technology, and create quality jobs right here at home. As the cost of doing business continues to rise, we support the recommended increases in borrowing to accommodate our manufacturing businesses,” said Amy O’Brien, CEO.
    Additional praise has poured in from across the country:
    Better Team USA Corp (Clifton, N.J.)
    “This important legislation, particularly the provision to double the maximum 7(a) loan amount for small manufacturers from $5 million to $10 million, will play a crucial role in fostering growth, expanding manufacturing capabilities, reshoring jobs to the US. I believe that this bill will provide the necessary capital injection to help small businesses like mine scale operations, compete effectively in the global market, and contribute to rebuilding U.S. supply chains,” said Martin Di Battista, President.
    IngniteLI, The Manufacturing Consortium of Long Island (Hauppauge, N.Y.)
    “On behalf of Ignite Long Island, which represents more than 3,200 manufacturing companies across Suffolk and Nassau Counties, I want to express strong support for the bipartisan proposal to increase the SBA 7(a) loan cap from $5 million to $10 million. This change would directly benefit small and mid-sized manufacturers in our region – many of whom face growing capital needs as they invest in equipment, workforce, and facility upgrades to remain competitive in today’s economy. Raising the 7(a) loan threshold would unlock greater access to flexible, long-term financing for expansion, automation, reshoring, and defense readiness – all of which are key priorities for Long Island’s industrial base,” said Jamie Moore, President. 
    Marotta Controls (Montville, N.J.)
    “Marotta Controls encourages the Congress and the Administration to raise the SBA manufacturing loan limit to $10 Million. This would enable Marotta Controls to meaningfully increase our manufacturing capacity to support the Defense Industrial Base (DIB),” said Patrick Marotta, President and Chief Executive Officer.
    Sly Drinks (Phoenix, Ariz.)
    “America wants to build manufacturing here. If the Administration wants to build manufacturing facilities, then we need the SBA to raise the cap from 5M to 10M, reduce the equity requirements for the SBA loans on small business owners, and help small businesses like ours build manufacturing in America right here and now, and for future generation,” said Dr. Amy Czyz, Co-Founder.
    Long Island Bio (Bayport, N.Y.)
    “We at Long Island Bio, which represents the Pharmaceutical, Biotechnology, Nutraceutical, and Medical Device manufacturers of Long Island, express strong support for the bipartisan proposal to increase the SBA 7(a) loan cap from $5 million to $10 million. Raising the 7(a) loan threshold would unlock greater access to flexible, long-term financing for expansion, automation, reshoring, and training – all of which are key priorities for our industry segment, and all of Long Island’s industrial base,” said Tom Mariner, Executive Director.
    GSE Dynamics (Hauppauge, N.Y.)
    “GSE Dynamics, a federally certified woman owned small business fully supports the bipartisan bill – Made in America Manufacturing Finance Act of 2025. Revitalizing manufacturing is a bipartisan issue – if we all agree on strengthening US manufacturing then we can strengthen our national security, and we strengthen our middle class.”
    Beauty Society (North Las Vegas, Nev.)
    “As a company that proudly manufacturers our products in the United States, we believe strongly in the power of domestic production – not only as a means to ensure product quality and supply chain control, but also as a strategic advantage over competitors that primarily rely on imported goods. The proposed shift from $5 million to $10 million in loan guarantees would be a transformative change – one that could accelerate growth for small- and mid-sized manufacturers across the country,” said Jeannie Lorin, Founder and CEO.
    Polk & Associates Construction (Brentwood, Tenn.)
    “The reality of scaling a construction or manufacturing firm requires significant capital for equipment, materials, skilled labor and the working capital that allows us to execute contracts on time and with excellence. Raising the SBA loan limit to $10 million would unlock new potential for us and many others across the country. It would remove one of the more persistent barriers to growth, access to affordable capital, and create sustainable cash flow that supports scaling operations, hiring more workers, and investing in innovation,” said Reggie Polk, President and CEO.  
    L & H Industrial (Gillette, Wyo.)
    “We strongly support the increase in SBA loan guarantees from $5 million to $10 million. This shift will allow manufacturers to confidently invest in reshoring operations, scale advanced capabilities, and bring more jobs and production back home. Access to capital remains one of the most critical levers in rebuilding America’s industrial base” said Mike Wandler, President and CEO.
    Kinematica USA (Bohemia, N.Y.)
    “As a proud small business owner providing technology to Pharma, Food and Cosmetic Industries, I fully support the Made in America Manufacturing Finance Act and the proposed increase in SBA 7(a) and 504 loan limits from $5 million to $10 million. This legislation sends a strong and timely message: America is serious about rebuilding its manufacturing base and empowering entrepreneurs to invest boldly in our domestic future,” said Andreas Niens, Chief Visionary Officer.  
    LV Iron & Steel (Sunrise Manor, Nev.)
    “We were very encouraged by the discussion around the increase in lending limits, moving from $5 million to $10 million, and the potential this holds for the continued growth of our steel business and our forthcoming expansion. We anticipate that this increased access to capital and other valuable SBA resources designed to support cash flow and foster growth will be instrumental in propelling our business forward,” said Traci Aguilar, Founder.

    MIL OSI USA News

  • MIL-OSI USA: Ernst Names Small Business of the Week, Acorn Bluff Farms

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    Published: June 23, 2025

    Throughout this Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties.

    RED OAK, Iowa – U.S. Senator Joni Ernst (R-Iowa), Chair of the Senate Small Business Committee, today announced her Small Business of the Week: Acorn Bluff Farms of Louisa County. Throughout the 119th Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties.
    “Since 2016, Acorn Bluff Farms has proven they have the chops to deliver premium pork products directly to folks across Iowa,” said Chair Ernst. “The Todd brothers are truly bringing home the bacon with their signature Mangalitsa pork, which continues to earn high praise for its exceptional quality.”
    In 2016, Seth Todd – who was serving active duty in the Marine Corps – and his brother, Kenan, established Acorn Bluff Farms on a 200-year-old homestead farm in Columbus Junction. The brothers raise Mangalitsa pigs – a prized breed known for their rich fattiness and complex flavor profile, earningtheir title, the Kobe of pork. From farmers markets to an online storefront managed by their brother, Jared, Acorn Bluff Farms offers boar sausage, chorizo, bacon, and pork chops, in addition to variety boxes and sampler packs. The family-run and veteran-owned operation continues to grow by delivering high-quality, locally raised pork across Iowa and the nation.
    Stay tuned as Chair Ernst recognizes more Iowa small businesses across the state with her Small Business of the Week award.

    MIL OSI USA News

  • MIL-OSI USA: Senator Coons, Ranking Member Shaheen statement on Iranian missile strikes

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    THE HAGUE – Today, U.S. Senators Jeanne Shaheen (D-NH), Ranking Member of the Senate Foreign Relations Committee, and Chris Coons (D-DE) issued the following statement after reports that Iran had launched missiles at U.S. military bases in Qatar and across the Middle East in response to American military operations in Iran this weekend. Ranking Member Shaheen and Senator Coons are leading a congressional delegation to the NATO Summit in the Netherlands this week:

    “The conflict between Israel and Iran has escalated to now include active U.S. involvement. We continue to urge the Administration to take immediate action to protect U.S. forces and diplomats, their family members and all Americans abroad. There should be no higher priority. President Trump also needs to contain this conflict before more Americans are endangered. 

    “Congress is now on Day 10 of not receiving any formal briefing from the Administration or having any information to provide Americans who are in harm’s way. We must be informed immediately of any further planning. As we represent Congress at the NATO Summit in the Netherlands, our allies in Europe and partners in the Middle East who have extensive experience with Iran continue to urge for restraint. Now is the time for de-escalation and diplomacy.”

    MIL OSI USA News

  • MIL-OSI USA: Bacon Issues Statement on Iran/Israel Situation

    Source: United States House of Representatives – Congressman Don Bacon (2nd District of Nebraska)

    Bacon Issues Statement on Iran/Israel Situation

    Washington, June 23, 2025

    Bacon Issues Statement on Iran/Israel Situation

    Washington – Rep. Don Bacon (NE-02) issued the following response regarding the Iran/Israel situation:

    “Iran should have taken the denuclearization deal when President Trump offered it.  As we saw over the weekend, they are unwise to continue testing the President’s resolve and today’s strikes on US bases in the region are another miscalculation. Since 1979 the Islamic Republic of Iran has been responsible for the deaths of more than 900 Americans and runs the largest terror organization in the world.  I fully support President Trump’s actions to put an end to their four-decade campaign of bloodshed against the United States and the State of Israel.” 

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    MIL OSI USA News

  • MIL-OSI USA: CONGRESSWOMAN PLASKETT CELEBRATES HOUSE PASSAGE OF BIPARTISAN LEGISLATION TO ESTABLISH TRANS-ATLANTIC SUBMARINE FIBER OPTIC CABLE

    Source: United States House of Representatives – Congresswoman Stacey E. Plaskett (USVI)

    For Immediate Release                             Contact: Tionee Scotland 

    June 23, 2025                                                    202-808-6129 

    PRESS RELEASE 

    CONGRESSWOMAN PLASKETT CELEBRATES HOUSE PASSAGE OF BIPARTISAN LEGISLATION TO ESTABLISH TRANS-ATLANTIC SUBMARINE FIBER OPTIC CABLE 

    Washington, DC – This week, Congresswoman Plaskett’s (D-VI-AL) HR 1737, the “DiasporaLink Act”, passed through the House of Representatives by voice vote. The Bill, re-introduced in March with her Republican colleague Congressman Russ Fulcher (R-ID-1), requests an assessment of the value, cost, and feasibility of developing a Trans-Atlantic submarine fiber optic cable which will connect the East coast of the United States, via the United States Virgin Islands, with Nigeria and Ghana.  

    “I am pleased to see the passage of this legislation known as the ‘DiasporaLink Act’ through the House. This bill represents an opportunity to establish high-speed internet connection to Africa and throughout the Caribbean from American soil, which will enhance America’s national security data and communication interests in the regions. In the legislation, this TransAtlantic submarine fiber optic cable will intersect in the U.S. Virgin Islands. The DiasporaLink Act is envisioned as both a national security instrument and a digital commerce expressway to boost America’s global, political, economic, and military advantages and influences. This act will ensure the region is not forgotten as it confronts increasing regional political instability and transnational criminal activity,” stated Congresswoman Stacey E. Plaskett. 

    “Thank you to Congressman Fulcher for his continued support of this legislation as well as Energy & Commerce Committee Ranking Member Frank Pallone (D – New Jersey) and Energy & Commerce Committee Chair, Republican Congressman Brett Guthrie (KY) for their stewardship of this initiative.  

    “The passage of this bill through the House of Representatives is a significant step in the legislative process. Legislation does not become law until passed by the House, passed by the Senate, then signed by the President. I am hopeful this measure will be considered Senate in short order,” shared Congresswoman Stacey Plaskett.

    Background: 

    Presently, there is no direct fiber optic link between the US and the continent of Africa. Africa is increasingly an area that presents dynamic economic opportunity for our country as well as national security challenges that must be addressed. The Virgin Islands is strategically positioned in the transit zones to fight transnational crime and protect U.S. national and regional security in the Caribbean as well as be a safe hub for optic between the 2 continents. The TransAtlantic submarine fiber optic cable network’s strategic location makes DiasporaLink a “Digital Safe Harbor” under the U.S. flag. This service will provide African and Caribbean submarine operators and Internet Service Providers (ISPs) a clear channel to U.S. financial and business centers. In addition, undersea cables have significant strategic importance and an estimated 400 of them carry approximately 98 percent of international internet data as well as telephone traffic around the world. Many are owned and operated by U.S. companies — helping reinforce U.S. dominance over the internet while giving a sense of security to the U.S. and its allies that may be concerned about sabotage or surveillance. Having the hub in the U.S. Virgin Islands is a significant 21st century paradigm shift; it allows our islands’ advantages, many of which have been used for the benefit of other world powers (i.e. the VI’s geostrategic location), to be utilized for the benefit of our people. DiasporaLink in the USVI will make it a hub for commerce in the global digital economy and will stimulate high tech job opportunities for Virgin Islanders and attract digital users to the territory. 

    In the 118th Congress, this legislation passed through the House Energy & Commerce Committee with unanimous support, passed the House of Representatives and was sent on to the Senate. The Office of Congresswoman Plaskett is working with the Senate to facilitate passage in that Chamber. 

    MIL OSI USA News

  • MIL-OSI: Acceleware Announces Strategic Collaboration and Distribution Agreement with Scovan

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of cutting-edge radio frequency (RF) power-to-heat technologies targeting process heat for critical minerals, amine regeneration (for carbon capture and other applications), and enhanced oil production, is pleased to announce a strategic collaboration and distribution agreement (“The Agreement”), with Scovan. Scovan is an industry leader specializing in innovation and expertise for energy sector projects by providing engineering, procurement, complete fabrication, construction and construction management services (EPFC).

    This Agreement supports Acceleware’s broader strategy to rapidly evolve the Company from research and development to a cash flow generating business. It is also structured such that it could potentially expedite successful commercialization immediately upon demonstrated success with the Company’s next RF XL 2.0 project.

    Among other terms, the Agreement establishes a collaboration that:

    • Appoints Scovan as the exclusive distributor of RF XL in western Canada, once RF XL is commercialized;
    • Provides Scovan as the preferred surface facility engineering and construction partner for RF XL 2.0.
    • Is expected to expedite partnerships and sales both before and after successful commercialization of RF XL 2.0.
    • Uses Scovan’s EPFC expertise to potentially reduce lead time from regulatory approval to cash flow by a year or more.

    Scovan has strong relationships with a large number of heavy oil and oil sands producers and has made bringing innovation to market as commercial solutions a strategic priority, allowing for a quick ramp up from demonstration to multi-well pilot, and then to commercialization and sales. Scovan is a recognized leader in oil sands and heavy oil EPFC.

    The Acceleware team continues to actively look to acquire additional production rights to heavy oil assets in western Canada where they will deploy an RF XL 2.0 demonstration as an enhanced oil recovery method. This initiative provides an opportunity to deploy RF XL in a well-suited reservoir and earn oil production revenues, while offering the potential for multi-well expansion.

    “This partnership is the first of several strategic steps to accelerate RF XL 2.0’s path to market,” said Geoff Clark, CEO of Acceleware. “With the federal government’s ‘One Canadian Economy’ Act placing a clear priority on decarbonized oil, the time to act is now. By engaging Scovan to fast-track commercialization, we aim to demonstrate both the economic viability and emissions-reduction potential of RF XL 2.0 – bringing this breakthrough technology to large-scale deployment within two years, not decades. We strongly believe that this Agreement adds significant value to Acceleware and to our shareholders by increasing our project delivery credibility, and providing strong backing that RF XL 2.0 can deliver for the industry.”

    Added Donovan Nielsen, President of Scovan, “This partnership supports Scovan’s vision of the ‘Facility of the Future’ – one that is more sustainable, more efficient, smaller in footprint, faster to deliver, and more cost-effective. Innovation and calculated risk-taking are essential to unlocking new approaches to oil development and Scovan’s collaboration with Acceleware reflects this mindset. While the technology is still proving its effectiveness in the field, we are excited by its potential and committed to supporting solutions that could reshape how in-situ oil sands extraction is done in the future.”

    About Acceleware:

    Acceleware is an advanced electromagnetic (EM) heating company with cutting-edge radio frequency (RF) power-to-heat solutions for large industrial applications. The Company’s technologies provide an opportunity to electrify and decarbonize industrial process heat applications while reducing costs.

    The Company is working to use its patented and field proven Clean Tech Inverter (CTI) to materially improve the efficiency of amine regeneration, and has partnered with a consortium of world-class potash partners seeking to decarbonize drying of potash ore and other critical minerals. Acceleware is actively developing other process heat applications and partnerships for RF heating.

    Acceleware’s RF XL is a patented low-cost, low-carbon RF thermal enhanced oil production technology for heavy oil that is materially different from any enhanced recovery technique used today.

    Acceleware is a public company listed on the TSXV under the trading symbol “AXE”.

    About Scovan:

    Scovan is a cutting-edge EPFC firm that provides innovative, sustainable services for energy sector projects. Our proven track record, unique approach and turnkey offerings allow us to provide end-to-end solutions, from piloting to full-scale commercial development. Combining past experience, present opportunities, and future vision, we create long-term value for clients. Scovan is your trusted partner, providing you with the confidence and certainty needed for successful developments – A New Energy.

    Cautionary Statements

    This news release contains forward-looking statements and/or forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “will”, “anticipates”, “believes”, “intends”, “expects” and similar expressions, as they relate to Acceleware, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of Acceleware with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause Acceleware’s actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. Certain information and statements contained in this news release constitute forward-looking statements, which reflects Acceleware’s current expectations regarding future events, including, but not limited to: the future benefits arising from the Agreement; the Company’s ability to successfully complete commercialization of RF XL 2.0; the potential acquisition by the Company of certain assets, deployment of RF XL 2.0; the initiatives to be implemented by Management to shift the Company’s focus from research and development to cash flow generation; the timing to complete certain milestones in the Agreement; and the impact of the Agreement on Acceleware’s business and shareholder value.

    Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the availability of potential heavy oil production rights in western Canada, the availability of investment capital and other funding, the high degree of uncertainties inherent to feasibility and economic studies which are based to a significant extent on various assumptions; variations in commodity prices and exchange rate fluctuations; variations in cost of supplies and labour; lack of availability of qualified personnel; receipt of necessary approvals; availability of financing for technology and project development; uncertainties and risks with respect to developing and adopting new technologies; general business, economic, competitive, political and social uncertainties; change in demand for technologies to be offered by the Company; obtaining required approvals of regulatory authorities and/or shareholders, as applicable; ability to access sufficient capital from internal and external sources. For a more fulsome list of risk factors please see the Company’s December 31, 2024, year-end Management Discussion and Analysis (“MD&A”) available on SEDAR+ at www.sedarplus.ca.

    Management of the Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release to provide shareholders with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes. The Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

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

    This press release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    For more information:
    Geoff Clark
    Tel: +1 (403) 249-9099
    geoff.clark@acceleware.com

    The MIL Network

  • MIL-OSI USA: Alaskan Wildlife: Observations from the Aleutian Arc Expedition

    Source: US Geological Survey

    As the R/V Atlantis makes its departure from Dutch Harbor and heads south down the Aleutian Islands, the Alaskan wildlife is abundant like no other. The upwelling that occurs along the Aleutian chain makes these waters a highly productive place and as a result, these are prime feeding grounds for marine birds. The rapid fluttering of Tufted Puffins renders these birds unforgettable as they are known for their deep diving, not flying. Nonetheless, puffins remain a fan favorite on board.

    A group of Tufted Puffins taking flight near Bogoslof Island. Image courtesy of The Aleutian Arc: Integrated Exploration of Biodiversity at Priority Benthic Habitats (USGS/BOEM/NOAA/ONR). Photographer: Art Howard. 

    Murres and Northern Fulmars have colonies nearby and soar in the sky in the hundreds, giving the ship an elegant show to watch and an almost insurmountable task of counting them. One could not miss the graceful flying of the many Albatross species living in this area, including the Laysan and Short-Tailed Albatross, with their long wingspans and effortless gliding close to the sea surface. Cormorants and gulls are a few other bird species that have been sighted and added to our life lists! 

    Northern fur seal diving right before Alvin came to surface near Bogoslof Island. Image courtesy of The Aleutian Arc: Integrated Exploration of Biodiversity at Priority Benthic Habitats (USGS/BOEM/NOAA/ONR). Photographer: Sam Schlegel, USGS

    Aside from marine birds, seagoers have found joy in watching Northern Fur Seals. As the human occupied vehicle Alvin was deployed on the second day of the expedition, several fur seals curiously swam around the submersible, diving down and resurfacing every so often to look around. Everyone on deck found delight in this spectacle. On the third day of the cruise, as the science team transited with rough weather, a humpback whale and an orca made appearances to those who were lucky enough to spot them. Needless to say, the Aleutians are home to incredible wildlife and anyone who experiences it will leave in awe of what they saw. 

    Laysan albatross flying near the Islands of Four mountains. Image courtesy of The Aleutian Arc: Integrated Exploration of Biodiversity at Priority Benthic Habitats (USGS/BOEM/NOAA/ONR). Photographer: Art Howard. 

    MIL OSI USA News

  • MIL-OSI USA: Governor Kehoe Announces Appointments to St. Louis City Board of Police Commissioners

    Source: US State of Missouri

    JUNE 23, 2025

     — Today, at a press conference in St. Louis, Governor Mike Kehoe announced his appointments to the citizen-led St. Louis City Board of Police Commissioners. The board, established by the passage of landmark public safety legislation in House Bill (HB) 495, is charged to be the governing body of the St. Louis Metropolitan Police Department (SLMPD).

    “This board represents a renewed commitment to public trust and local oversight,” said Governor Kehoe. “By bringing together respected voices from across the city who support the men and women of the St. Louis Metropolitan Police Department, we are ensuring that public safety efforts reflect the needs, values, and concerns of the people of St. Louis and the department. These appointments mark a significant move toward transparency, collaboration, and a safer future for the city.”

    The six-member board includes the St. Louis City Mayor Cara Spencer, who will participate with full voting authority, four governor-appointed voting members who are residents of the city, and one governor-appointed non-voting commissioner who either resides or owns property in the city.

    Governor Kehoe’s appointments include the following individuals:

    • Brad Arteaga is a successful entrepreneur in St. Louis City, serving as the president and owner of Arteaga Photos Ltd., BAKM LLC., and Arteaga LLC. In addition to his proven track record of managing and growing successful businesses, Arteaga has decades of active leadership and service on multiple civic and community boards including the St. Louis City Judicial Committee, Dismas House of St. Louis, Friends of Frances Park, and more. Arteaga will serve a one-year term as a voting member of the board.
    • Donald “Don” Brown is lifelong St. Louis resident and experienced automotive executive, currently serving as the Dealer Operator of Don Brown Chevrolet. With a career spanning more than four decades, Brown has held leadership roles across multiple dealerships and has been deeply involved in the community through various boards including the 3rd Police District Business Association, the Better Business Bureau, and the Friends of Kids Board of Directors. Brown will serve a four-year term as the non-voting member of the board.
    • Sonya Jenkins-Gray is a nationally recognized human resources executive with more than two decades of leadership experience in both the public and private sectors. She previously served as the director of human resources for the City of St. Louis, overseeing HR operations for more than 5,000 employees. She also previously served on the board of Mound City Bar Foundation and is currently the chairperson for the Progressive National Baptist Convention. Jenkins-Gray will serve a two-year term as a voting member of the board.
    • Edward McVey is a seasoned business owner and operator of Maggie O’Brien’s Restaurant and Irish Pub in St. Louis, where he has led operations since 2008. With expertise in contract negotiation, strategic planning, and team leadership, McVey has built a strong track record of business development and community engagement. He is active in local organizations including the St. Patrick’s Center and the St. Louis Boys and Girls Club. McVey will serve a three-year term as a voting member of the board.
    • Chris Saracino is the owner-operator of Bartolino’s Hospitality Group, which includes several full-service restaurants across the city. He is also the co-founder of Campbell Security and Services Group, serving households and communities throughout Missouri. Saracino has held several leadership roles with the Hill Business Association, The Hill 2000 Neighborhood Association, and the St. Louis Regional Sports Authority. He also prioritizes community service as an active member of several charitable organizations including the Kiwanis Club of St. Louis City and the Italian Open Charities. Saracino will serve a four-year term as a voting member of the board.

    The board will begin work immediately, with the assistance of Transition Director Derek Winters, to ensure an orderly and responsible implementation period, without disruption to residents of the city and commissioned and civilian personnel of the SLMPD. During the implementation period, the commissioners will work to determine the board’s policies for meetings and bylaws and begin their work in overseeing the Chief of Police and the department’s policies, contracts, assets, and budgets. The day-to-day operations of the department will remain under the leadership of the Chief of Police.

    All media inquiries related to the board may now be directed to the SLMPD, at media@slmpd.org. A webpage with headshot photos for the board is forthcoming.

    For more information on the roles and responsibilities of the St. Louis City Police Board of Commissioners, as designated in HB 495, click here.

    ###

    MIL OSI USA News

  • MIL-OSI Security: U.S. Marshals-led Missing Child Operation in Middle Florida Results in Recovery of 60 Children

    Source: US Marshals Service

    Tampa, FL – The U.S. Marshals Service Middle District of Florida, in conjunction with a vast array of partners, led missing child operation in June that resulted in the recovery or safe location of 60 critically missing children from across Hillsborough, Pinellas, and Pasco counties.

    Operation DRAGON EYE, the product of a multidisciplinary task force of federal, state, and local government agencies, as well as social service entities, the medical community, and non-governmental organizations planning and executing a two-week initiative geared to recover or safely locate the most critically missing youth, has been deemed the most successful missing child operation in USMS history. The USMS defines “critically missing” children as those at risk of crimes of violence or those with other elevated risk factors such as substance abuse, sexual exploitation, crime exposure, or domestic violence.

    This operation had three primary objectives: recover critically missing youth, provide them with essential services including appropriate placement, and to deter bad actors exploiting missing child vulnerabilities.

    DRAGON EYE resulted in eight arrests, including charges of human trafficking, child endangerment, narcotics possession, and custodial interference.

    Recovered children were provided with medical resources, nourishment, social services, and child advocates. Operation DRAGON EYE child welfare and social service partners said they are proud of this operation’s achievements.

    “I have to curtail my enthusiasm because of the sensitivity of the victims involved in this operation, but the successful recovery of 60 missing children, complemented with the arrest of eight individuals, including child predators, signifies the most successful missing child recovery effort in the history of the United States Marshals Service; or to my knowledge, any other similar operation held in the United States,” said William Berger, U.S. Marshal for the Middle District of Florida. “The unique part of this operation was the fact that underaged critically missing children ranging from age 9 to 17 were not only recovered but were debriefed and provided with physical and psychological care. This operation further included follow-up assistance in hopes that these youth will not return to the streets to be further victimized.”

    USMS law enforcement partners played essential roles in the success of Operation DRAGON EYE, and include the following agencies: Florida Attorney General’s Office, Florida Department of Law Enforcement, Florida Department of Children and Families, Florida Department of Juvenile Justice, Hillsborough County Sheriff’s Office, Pasco Sherriff’s Office, Pinellas County Sheriff’s Office, St. Petersburg Police Department, Tampa Police Department, BayCare, Bridging Freedom, Bridges of Hope, Children’s Home Network, Children’s Network of Hillsborough County, Family Support Services Pasco Pinellas Counties, More Too Life, National Center for Missing & Exploited Children, and Redefining Refuge.

    “The success of Operation DRAGON EYE is a testament to what’s possible when agencies unite with a shared mission to protect children,” said Callahan Walsh, Executive Director, National Center for Missing & Exploited Children. “We’re proud to have supported the U.S. Marshals Service and our partners in Florida to recover these missing children and provide critical support to those who need it most. NCMEC is honored to stand alongside these teams and will continue working tirelessly to help make sure that every child has a safe childhood.”

    The Justice for Victims of Trafficking Act of 2015 enhanced the USMS discretionary authority to assist other law enforcement agencies with the recovery of missing, endangered or abducted children, regardless of whether a fugitive or sex offender was involved. The U.S. Marshals have a Missing Child Unit to oversee and manage the implementation of its enhanced authority under the act. Upon request, the Marshals assist other law enforcement agencies with the recovery of “critically missing children,” who have gone missing under circumstances that indicate an elevated risk to the child. Since 2015, when the Marshals received enhanced authority under the act, the agency has located or recovered more than 3,967 missing children. The U.S. Marshals have located or recovered missing children in 66 percent of cases received. Of those recovered, 61 percent were found within seven days. The U.S. Marshals are leading the way in a nationwide effort to rescue and recover missing and exploited children, thereby aiding in the prevention of human trafficking.

    MIL Security OSI

  • MIL-OSI USA: June 23, 2025 WIPPES Act Passes Through the U.S. House Today, the Wastewater Infrastructure Pollution Prevention and Environmental Safety (WIPPES) Act passed in the U.S. House of Representatives. The bipartisan, bicameral legislation requires wipe manufacturers to label their products as non-flushable to protect wastewater infrastructure from damage. Blockages from non-flushable… Read More

    Source: United States House of Representatives – Representative Kevin Mullin California (15th District)

    Today, the Wastewater Infrastructure Pollution Prevention and Environmental Safety (WIPPES) Act passed in the U.S. House of Representatives.

    The bipartisan, bicameral legislation requires wipe manufacturers to label their products as non-flushable to protect wastewater infrastructure from damage. Blockages from non-flushable wipes cost Michigan water utilities an additional $18 million annually.

    Rep. Kevin Mullin (D-Calif.), Chairwoman Lisa McClain (R-Mich.), Sen. Jeff Merkley (D-Ore.), and Sen. Susan Collins (R-Maine) reintroduced the bill for the 119th Congress.

    “Improper disposal of wet wipes damages wastewater infrastructure, costing California utilities and consumers tens of millions of dollars a year. That’s why water professionals nationwide strongly support the WIPPES Act, which mandates clear ‘Do Not Flush’ labeling,” Mullin said. “This commonsense legislation is a critical step in protecting our infrastructure and the environment. By providing consumers with clearer guidance, the WIPPES Act will help reduce strain on our wastewater systems and safeguard taxpayer resources. I am pleased to see this bipartisan, bicameral legislation move forward.”

    “This common-sense, practical legislation will prevent rate hikes and protect water infrastructure. I am proud to lead this legislation and call on the Senate to quickly pass it,”  McClain said.

    “When non-flushable wipes back up our wastewater system, it hurts our infrastructure, our environment, and our wallets,” Merkley said. “Accurately labelling wipes and other products as ‘non-flushable’ is a necessary step to help consumers appropriately dispose of their waste. The House passage of our bipartisan WIPPES Act brings it one step closer to becoming law and protecting our water supply and wastewater infrastructure.”

     “Many consumers who use wet wipes are unaware that flushing these products creates significant problems for plumbing, wastewater treatment equipment, and septic systems,” Collins said. “This bipartisan legislation would require manufacturers to label non-flushable wet wipes, providing consumers with the information they need to safely dispose of them, and helping prevent homeowners and taxpayers from having to pay for expensive repairs.”

    The bill is supported by many outside groups and local governments:

    “It’s important that the packaging on all disposable sanitary and cleaning wipes be required to have labelling that prominently displays the words ‘do not flush’ or ‘non-flushable’. Wipes should be thrown in the trash,” Macomb County Public Works Commissioner Candice S. Miller said. “Not only can wipes damage sewage systems at homes and businesses, but they can cause very costly damage to municipal wastewater infrastructure systems. They form huge clumps that can severely impact the flow of wastewater even in large interceptor pipes. Wipes that get through can clog bar screens, requiring time-consuming removal and harm the pumps at pump stations.”

    “INDA is proud to join a wide array of organizations in strongly supporting U.S. House passage of the WIPPES Act, which was passed by the U.S. House of Representatives by an overwhelming bipartisan margin in 2024. The wipes industry is committed to responsibly labeling wipe products that are not designed to be flushable, protecting public infrastructure and the environment. This legislation represents several years of work between the wipes industry, wastewater operators, and environmental stakeholders and we strongly support full congressional passage of the legislation,” INDA Director of Government Affairs Wes Fisher said.

    “Creating a uniform, national policy for labeling of ‘non-flushable’ wipes is critically important to protect sewer systems and household plumbing. Personal care wipes, while convenient for the consumer, cause serious harm to municipal sewer systems across the nation when they are improperly flushed. The water sector worked hand-in-hand with industry on this commonsense legislation that will provide clarity for the consumer, protect sewer workers, and avoid millions in infrastructure damage nationwide,” Adam Krantz, CEO of the National Association of Clean Water Agencies said. “We applaud the House for passing this legislation and will work toward similar swift action in the Senate.”

    “The American Public Works Association strongly supports the WIPPES Act as a commonsense solution to a burdensome problem. Flushing non-flushable wipes accounts for $441 million a year in additional cost to wastewater systems. By requiring prominent use of a ‘Do Not Flush’ logo, this legislation protects our systems and our communities. APWA applauds Congress for recognizing the importance of safeguarding our water environment and ensuring that public works professionals can continue providing essential services efficiently and safely,” APWA President Dominick A. Longobardi said.

    ###

    MIL OSI USA News

  • MIL-OSI Security: Media Advisory: U.S. Coast Guard Barque Eagle ride-in opportunity into San Francisco Bay Wednesday, June 25

    Source: United States Coast Guard

     

    06/23/2025 04:50 PM EDT

    For the first time since 2008, the U.S. Coast Guard Barque Eagle (WIX 327), America’s Tall Ship, will be visiting San Francisco on Wednesday, June 25.

    MIL Security OSI

  • MIL-OSI: StoneX Group Inc. Announces Pricing of $625.0 Million of Senior Secured Notes due 2032

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) — StoneX Group Inc. (the “Company” or “StoneX”; NASDAQ: SNEX), today announced the pricing of a previously announced offering of $625.0 million in aggregate principal amount of 6.875% Senior Secured Notes due 2032 (the “Notes”) to be issued by its wholly-owned subsidiary, StoneX Escrow Issuer LLC. The Notes and the related Note guarantees are being offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on or about July 8, 2025, subject to customary closing conditions.

    StoneX Escrow Issuer LLC, which was created solely to issue the Notes in connection with the Merger (as defined below), will deposit the gross proceeds of the offering into a segregated escrow account (the “Escrowed Proceeds”) until the date that certain escrow release conditions are satisfied. Upon the closing of the Company’s proposed acquisition (the “Merger”) of R.J. O’Brien (“RJO”), StoneX Escrow Issuer LLC will merge with and into the Company, and the Escrowed Proceeds will be released. The Company will thereupon assume the obligations under the Notes. Upon the closing of the Merger and release of the Escrowed Proceeds, the Company intends to use the proceeds from the offering together with cash on hand to pay the purchase price and related fees, costs, premiums and expenses in connection with Merger.

    Until the completion of the Merger, the Notes will not be guaranteed and will be secured only by a senior secured first priority lien on the Escrowed Proceeds. Upon the closing of the Merger, the Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior secured second lien basis by each of the Company’s existing and future subsidiaries that guarantees indebtedness under the Company’s senior secured revolving credit facility and certain other senior indebtedness. The guarantees are subject to release under specified circumstances. Upon the closing of the Merger, the Notes and the related guarantees will be secured on a second priority basis by liens on substantially all of the Company’s and the guarantors’ property and assets, subject to certain exceptions and permitted liens. The liens on the Company’s and the guarantors’ assets that secure the Notes and the related guarantees will be contractually subordinated to the liens on the Company’s and the guarantors’ assets that secure the Company’s and the guarantors’ existing and future first lien obligations, including indebtedness under the Company’s senior secured revolving credit facility, as a result of an intercreditor agreement among the collateral agent for the Notes, the agent for the Company’s senior secured revolving credit facility and the collateral agent for the Company’s existing senior secured notes due 2031. The Notes are expected to pay interest semi-annually, in arrears, at a rate of 6.875% per annum. This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes, the related guarantees or any other security, nor shall there be any offer, solicitation or sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offers of the Notes and the related guarantees will be made only by means of a private offering memorandum.

    The offer and sale of the Notes and related guarantees have not been, and will not be, registered under the Securities Act, or the securities laws of any other jurisdiction, and the Notes and related guarantees may not be offered or sold in the United States absent registration or applicable exemptions from registration requirements.

    Cautionary Note Regarding Forward-Looking Statements

    Statements in this release that are not historical facts are “forward-looking” statements and “safe harbor statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those described in StoneX’s public filings with the Securities and Exchange Commission. Forward-looking statements are based on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements about the benefits of the proposed acquisition of RJO, including expected synergies and future financial and operating results, the plans, objectives, expectations and intentions of StoneX after the acquisition, the expected timing to close the acquisition, closing of the offering and expected use of proceeds. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Therefore, we caution you against relying on any of these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the risks related to the proposed acquisition and the integration of RJO as well as the risks and other factors described in StoneX’s periodic reports filed with the Securities and Exchange Commission. In providing forward-looking statements, StoneX is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If StoneX updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

    About StoneX Group Inc.

    StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune-100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its more than 4,700 employees serve more than 54,000 commercial, institutional, and global payments clients, and more than 400,000 self-directed/retail accounts, from more than 80 offices spread across six continents.

    StoneX Group Inc.
    Investor inquiries:
    Kevin Murphy
    (212) 403 – 7296
    kevin.murphy@stonex.com

    SNEX-G

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