Category: Politics

MIL-OSI United Kingdom: Infrastructure Pipeline kicks off new era of infrastructure delivery

Source: United Kingdom – Executive Government & Departments

Press release

Infrastructure Pipeline kicks off new era of infrastructure delivery

New tool gives investors and industry clarity they need to plan for the long term and support the delivery of the government’s infrastructure ambitions.

UK’s major infrastructure projects published giving investors and British business the certainty to plan for the long term.
NISTA’s new interactive Pipeline website sets out 780 planned projects including transport, energy, schools and hospitals.
Follows publication of government’s landmark 10 Year Infrastructure Strategy setting out new approach to infrastructure and vital reforms to ensure planning and delivery is joined up.

Construction firms have been given the certainty and confidence they need to invest in major UK infrastructure projects as the government publishes details of hundreds of live schemes, underpinning the delivery of the government’s landmark 10 Year Infrastructure Strategy.

This Infrastructure Pipeline will provide real time updates on 780 planned private and public sector projects, giving industry the clarity needed to plan for the long term and creating good quality jobs and supply chain capacity necessary to deliver the government’s infrastructure ambitions and the Plan for Change. It will support our modern Industrial Strategy, boosting business investment and driving growth across the country.

Building on data from 40 government departments, public bodies and regulated businesses, the new interactive online tool provides details of around 780 public and privately led infrastructure projects under construction, in development, or at an early stage of planning including transport, energy, schools and hospitals.

The pipeline outlines £530 billion of projects and programmes over the next ten years, which includes £285 billion funded solely by the public sector.

It comes as the government announced last month at least £725 billion of government funding over the coming decade, as part of a new approach to how projects are planned and delivered.

Chief Secretary to the Treasury Darren Jones MP said:

Last month, I set out a comprehensive ten-year strategy to restore confidence in the UK’s capacity to provide the infrastructure we need to renew Britain.

Delivering that ambition will require support from the private sector to invest in the jobs and training opportunities workers need to help us rebuild the country.

This pipeline brings industry on that journey with us – by giving business leaders and investors confidence about future work and therefore the confidence to invest in their workforce.

By providing a more consistent picture of significant infrastructure investments planned by both government and the private sector, the pipeline also aims to improve the quality of policy making, spending decisions and the delivery of major projects – replacing the previously erratic and uncoordinated nature of infrastructure planning with a more certain picture.

This is backed by a new online pipeline tool allowing users to see the national and regional picture of planned investments by both the government and private sector in real time. As well as providing details of individual projects, users will also be able to look at the full range of planned investments.

The pipeline will managed by the National Infrastructure and Service Transformation Authority (NISTA) and updated on a regular basis.

Becky Wood, Chief Executive Office of NISTA, said:

We’ve listened to a wide range of voices to ensure this pipeline is designed to give the infrastructure sector the information and insights needed to plan with confidence and to build the skills, workforce and supply chains required.

NISTA is committed to working with investors, operators and construction firms on future iterations to ensure the pipeline is where private and public sector partners will stand firmly behind a shared ambition to do things better.

John Foster, Chief Policy and Campaigns Officer at CBI said:

A dynamic, forward-looking infrastructure pipeline is exactly what business needs to plan, invest, and build with confidence. This announcement responds to long-standing calls from industry and sends a strong signal that government is serious about long-term infrastructure planning. Greater clarity and certainty on upcoming projects will unlock investment in nationally significant schemes, strengthen supply chains, and support high-value jobs across the UK.

Sam Gould, Director of policy and external affairs at the Institution of Civil Engineers said:

The ICE has promoted the importance of an up-to-date, credible project pipeline for some time, so NISTA’s publication of the new Infrastructure Pipeline is a welcome step forward.

Having an agreed list of projects provides essential clarity for the industry to plan – not just for delivery, but to enable better workforce planning and attract necessary finance.

The commitment from NISTA to regularly update the Pipeline with insights and data from across industry is also positive, and the ICE looks forward to working with NISTA to refine and develop this Pipeline.

This joined-up, systematic approach is what’s needed to plan for and deliver the infrastructure the UK needs.

Mark Reynolds, Mace’s Executive Chair and Co-Chair of the Construction Leadership Council and Co-Chair of the Construction Skills Mission Board, said:

The construction industry cannot invest in new skills, capacity and technology without clarity on our future workload. The government’s pipeline plays a critical role in allowing us to scale up to deliver 1.5m new homes and a revitalisation of our national infrastructure.

NISTA’s new dynamic approach is a major step forward; and the inclusion of employment data will make a significant difference to firms across the country as they plan for the next few years of growth. The Construction Skills Mission Board will be working with our members from government, industry, training bodies, the devolved authorities and the unions to build the skilled workforce we need to realise the ambitious plans laid out in the pipeline.

More information

Additional comments:

Leo Quinn, Group Chief Executive of Balfour Beatty, said:

The new Infrastructure Pipeline is a big step forward, giving industry the clarity and confidence to invest in skills, grow capability and deliver sustainable, digital solutions. It’s what Balfour Beatty has been calling for: funded schemes, greater detail and transparency, and real-time updates to support business planning. The challenge now is keeping up momentum and making it a trusted tool for long-term UK infrastructure planning.

Suzannah Nichol OBE, Chief Executive, Build UK said:

The new Infrastructure Pipeline is another step towards much needed visibility and stability for the construction supply chain and private sector investors. This dynamic approach showing a clear and updated pipeline of work will give our members more confidence to invest in the skills, resources and technology required to deliver and maintain the social and economic infrastructure we all rely on.

Build UK is committed to working with the Treasury and NISTA to ensure the pipeline is an effective tool, supporting improved performance and productivity and driving economic growth.

Jon Phillips, Chief Executive, Global Infrastructure Investor Association said:

This is a positive step towards strengthening the UK’s appeal as a destination for private finance of critical infrastructure.

Global investors will value a clear pipeline of projects that shows the full scope of the UK’s investment potential.

We look forward to working closely with the government to ensure the pipeline meets investors’ needs and has the greatest possible impact on UK economic growth.

David Allen, spokesperson for the Civil Engineering Contractors Association (CECA), and Executive Director of CECA Southern, said:

The long-term certainty provided by the pipeline published today – and the ease of access that the online tool provides – will boost the infrastructure sector’s delivery capacity, at a time when we need the UK economy to be firing on all cylinders.

CECA members have consistently argued that key to delivering the best results is providing industry with clear visibility of the forward pipeline of investment.

This is essential to maintaining confidence across our sector, and enables businesses to plan efficiently, invest in skills and innovation, and deliver the economic and social outcomes the UK needs.

The Infrastructure Pipeline is a dynamic online tool, developed after extensive engagement with a wide range of industry stakeholders.
It provides both an interactive and downloadable information about each scheme, including details of anticipated spend, the current project status and its expected completion date, together with information on the Pipeline’s methodology and how it will evolve in future.
This first iteration of the pipeline reflects public spending settlements agreed across government as part of the recent Spending Review. The next update planned for early 2026 will add further details following the completion of business planning across government resulting from Spending Review decisions..
The Pipeline is not an announcement of new government policy or project investments – it is an update on the latest position on each project.

Published 17 July 2025

MIL-OSI: Morien Announces Strategic Aggregate Partnership

Source: GlobeNewswire (MIL-OSI)

HALIFAX, Nova Scotia, July 17, 2025 (GLOBE NEWSWIRE) — Morien Resources Corp. (“Morien” or the “Company“) (TSX-V:MOX) is pleased to announce that it has entered into a strategic partnership with a large, U.S. based, regional crushed stone (“aggregate”) operator to jointly identify and permit long-life crushed stone opportunities in Atlantic Canada.

Morien has pursued new relationships leveraging its regional expertise and longstanding relationships across Nova Scotia and Atlantic Canada. This effort is aligned with its commitment to unlocking the potential of Atlantic Canada’s high-quality mineral resources that can serve both domestic and export infrastructure markets.

This partnership positions Morien to capitalize on Atlantic Canada’s strategic location, deep-water access, and high-quality stone resources to meet rising infrastructure demands in both Canada and the eastern U.S.

In May 2025, the provincial government of Nova Scotia expanded its support of the mining industry by identifying aggregate as a “Strategic Mineral” under its Critical Minerals Strategy, a commodity that Nova Scotia now deems important for its economy and future development.

The collaboration has already yielded promising results. One aggregate (granite) project in Nova Scotia has advanced to formal technical and stakeholder engagement with environmental and permitting groundwork now underway. A second aggregate (limestone) project in Newfoundland is currently progressing through due-diligence, including early-stage technical and commercial assessment.

Under the terms of the strategic partnership agreement, Morien will receive a milestone payment upon the successful permitting of certain designated projects and is entitled to an industry competitive production royalty on future sales over the life of the operation. Morien’s time and expenses associated with each project are reimbursed by its partner. This arrangement is consistent with Morien’s focus on disciplined project selection and its partner-driven business model that maximizes long-term value while maintaining its lean operating model.

The Company expects to provide further updates as milestones are achieved within this new aggregate initiative.

About Morien

Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from the Donkin Mine in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and outstanding common shares and a fully diluted position of 53,992,000. Further information is available at www.MorienRes.com.

Forward-Looking Statements

Some of the statements in this news release may constitute “forward-looking information” as defined under applicable securities laws. These statements reflect Morien’s current expectations of future revenues and business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be affected by a number of factors, many of which are beyond its control, and that future events and results may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties described in documents filed by Morien with the Canadian securities regulators on SEDAR+ (www.sedarplus.com) from time to time. Morien cautions that its royalty revenue will be based on production by third party property owners and operators who will be responsible for determining the manner and timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate; unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes; and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this news release.

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

For more information, please contact:

Dawson Brisco, President & CEO
Phone: (902) 403-3149
dbrisco@MorienRes.com
or
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914
www.MorienRes.com

MIL-OSI Submissions: East African countries and open borders: great strides, but still a long way to go

Source: The Conversation – Africa – By Alan Hirsch, Senior Research Fellow New South Institute, Emeritus Professor at The Nelson Mandela School of Public Governance, University of Cape Town

It’s not uncommon to find a Ugandan taxi driver in Rwanda’s capital, Kigali, just as one regularly meets Zimbabwean Uber drivers in South Africa. But there is a big difference. A Ugandan working in Rwanda most likely has a secure legal right to be there, whereas Zimbabweans working in South Africa are often uncertain of their current or future legality.

East Africa has made greater strides towards the free flow of people crossing borders and seeking work than most of Africa. Only the Economic Community of West African States (Ecowas) is in the same league.

While the African Union’s Free Movement of Persons protocol has faltered at a continental level, some of the regional economic communities have made progress. The Southern African Development Community (SADC) allows visa-free travel across almost all its borders.

Ecowas and the East African Community (EAC) have driven ambitiously towards regional common markets including the freeing up of job-seeking, residential settlement and business development across the borders of member states.

The New South Institute, a think-tank focused on governance reforms in the global south, is nearing the end of a research programme on migration governance reform in Africa. Our new report is on East Africa.

We have found that unlike much of the global north, the African continent is moving towards more open borders for people. In some of the global south the promise of economic growth outweighs political fears. Yet progress is slow, and not coordinated. Mostly migration reform happens in regions and between neighbours.

The progress in the East African Community is particularly notable compared with other African regional communities. We identify a number of reasons for this, including strong leadership and co-operation between state and non-state actors.

The commitment to free movement

The East African Community adopted its Common Market Protocol in 2010. The bloc is made up of Tanzania, Uganda, Kenya, Rwanda, Burundi, South Sudan, the DRC and Somalia.

The regional body’s common market pact includes the movement of goods, services, capital and people. It gives people the right – on paper at least – to find employment across borders, the right to reside and the right to establish a business. There is also a commitment to the harmonisation and mutual recognition of academic and professional qualifications and labour policies to ease mobility.

Even before the common market protocol, the regional bloc began to establish one-stop border posts on many of its internal borders to facilitate the flow of goods and people. Though they don’t all operate the same way or equally well, they have been successful at easing movement.

Uneven outcomes

The common market’s impact on the movement of people has been uneven within the region. Most integrated are Uganda, Kenya and Rwanda, which allow the cross-border movement of citizens with standardised identity documents – they do not need passports.

It is also relatively easy to get jobs across these borders.

Tanzania and Burundi are close to the inner circle but still require passports, though no visas. The three states which joined more recently, South Sudan, the DRC and Somalia, are all fragile states with governance systems that do not always meet the standards needed for acceptance into all the privileges of the regional bloc.

In practice there is differential treatment. Generally, it is more difficult for citizens of the three latecomers to get regular access and jobs in their regional partners.

Another limitation when it comes to the mobility of people is that little progress has been made in the formal harmonisation of education, health and social welfare systems between member states. This inhibits job seeking across borders.

In addition, national labour laws, which tend to require permits for foreigners, still apply to varying degrees in the region. Some countries are more permissive. For example, Kenya, Uganda and Rwanda have a reciprocal no-fee work permit agreement.

Another shortcoming has been that the outcomes of court processes in enforcing the freedom of movement have been disappointing. This is so even though the regional bloc has an active East African Court of Justice. Its legal mandate includes the enforcement of the bloc’s treaty and its protocols.

In some cases the court has found that national actions inhibiting the movement of persons were trumped by the regional protocol. It has instructed the errant governments to comply. But its ability to enforce the decisions is minimal.

Reasons for success

Leadership has been important. The fact that the strongest economy in the region, Kenya, has been part of the leading echelon is significant.

Rwanda and Uganda have led by example too. Rwanda was one of the first countries on the continent to offer visa-free entry to all other African countries. For its part, Uganda is widely admired for its refugee inclusion programmes.

Another factor outlined in our report has been the opportunity for collaboration fostered by relationships between formal institutions, such as governments, and non-state actors such as the International Organisation for Migration. Interactions between these various players have created opportunities for officials and policymakers from states of the region to meet, discuss issues of concern, and develop relationships of trust and understanding.

Another non-state donor-funded actor, TradeMark Africa, which was established in 2010 to support in the implementation of the common market in east Africa, provided considerable support. For example it supported the implementation of the regional One-Stop Border Post programme..

Way forward

Based on our report we identified changes that could make a positive difference.

Firstly, the development of reliable, harmonised systems in the region to collect and manage data on population mobility and employment. This would build confidence that policy was being made on the basis of reliable information.

Secondly, reducing friction in cross-border monetary transactions, including migrants’ remittances. This would make it easier for migrants to send some of their income to their countries of origin.

Thirdly, improvements to population registers, identity documents, passports and cross-border migration management systems. Improvements would build mutual trust in the integrity of systems and pave the way for further commitments to lowering migration barriers.

Fourth, cooperation on cross-border access to social services such as health and education. This is one of the most important intermediate steps towards freeing up mobility for the citizens of the region.

Fifth, reconsidering some of the amendments made to weaken the East African Court of Justice in 2007. This would strengthen the de jure powers of the court, adding considerably to the entrenchment of cross-border rights in the region.

Ultimately, the key constraint in the region is political and security instability, which holds back social and economic development. Nevertheless, incremental progress on mobility is possible despite issues in the fragile states, even though it may result in asymmetric progress within the East African Community.

Alan Hirsch’s work on migration governance is part of his responsibilities while employed as a Senior Research Fellow at the New South Institute.

– ref. East African countries and open borders: great strides, but still a long way to go – https://theconversation.com/east-african-countries-and-open-borders-great-strides-but-still-a-long-way-to-go-261021

MIL OSI –

MIL-Evening Report: Grattan on Friday: New parliament presents traps for Albanese and Ley

Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

Anthony Albanese hasn’t been in any rush to convene the new parliament, which Governor-General Sam Mostyn will open on Tuesday.

It’s only mildly cynical to observe that governments of both persuasions often seem to regard having pesky members and senators around too much as a hindrance to business. Accountability is all very good in theory – facing it in practice is another matter.

In this first fortnight of the new parliament, however, much of the attention will be less on the government than on the opposition. Liberal leader Sussan Ley has handled her early weeks without tripping. But her critics hover like crows on the fence in lambing season. Angus Taylor, who narrowly lost the leadership ballot, retains his ambition. The right-wing media wait for Ley’s mistakes.

Ley will need to maintain a strong grip on her team’s messaging, especially on foreign and defence policy, or the Coalition will open itself to criticism.

Taylor, now the defence spokesman, attracted attention this week when he went out on a limb on Taiwan, telling the ABC, “we should have a joint commitment with them [the US] to the security of Taiwan”.

Ley, who says she wants to avoid unrelenting negativity, must choose the Coalition’s targets carefully. It has been presented with some useful fodder with the (inadvertently) leaked Treasury brief to the re-elected government that urged the need for tax rises and spending cuts. This is manna from political heaven because it is on the Coalition’s favoured economic ground, and raises issues for which the government doesn’t have immediate or clear-cut answers.

As important as Ley’s own performance will be, so will that of shadow treasurer Ted O’Brien. Taylor’s handling of the job last term was a serious weakness for the Coalition.

Facing a well-prepared and confident counterpart in Jim Chalmers, O’Brien must find his feet quickly. Sensibly, he has hired on his staff an experienced, credible economist, Steven Hamilton, who has been an assistant professor of economics at George Washington University in Washington DC. Hamilton has also been a regular contributor to The Australian Financial Review, so he has a feel for, and contacts in, the financial media.

The government has a mix of legislation to introduce in this initial fortnight. Albanese promised during the campaign that Labor’s first cab off the rank would be its commitment to cut student debt by 20%. It also foreshadowed early action to cement in penalty rates.

It didn’t anticipate having to rush in a bill to strip funding from childcare centres that do not meet safety standards. This follows the recent revelations
of abuse.

The first parliamentary fortnight comes in the run-up to the government’s August 19–21 productivity roundtable (named by Chalmers the “economic reform roundtable”). With expectations inevitably exploding, observers will be watching closely the dynamics between the treasurer and the prime minister in parliament.

The two agree that delivering election promises should be the floor, rather than the ceiling, of ambition for the second term. But their degrees of ambition differ. Chalmers fears Albanese’s is limited; the prime minister fears his treasurer’s will overreach. Will Albanese show a restraining hand on the roundtable in the weeks before it?

As the government wants to emphasise delivery to voters in the early days of the parliament, Chalmers hasn’t rushed to seek the deal he needs with the Greens on his controversial changes to superannuation tax arrangements. The plan is to increase the tax on balances of more than $3 million, and tax the unrealised capital gains.

The Greens want the $3 million reduced to $2 million and that amount indexed. It’s a fair assumption a compromise will be reached when negotiations occur.

That will be a relatively easy test for the Greens under their new leader Larissa Waters, who has also said she wants to be constructive while holding the government to account.

Later on, though, will come harder issues, including whether the Greens will sign up to a new environmental protection authority, stymied by political obstacles last term.

In general, the Senate will be less complicated for the government in coming months than last term, given the Greens hold the sole balance of power on legislation contested by the opposition.

That means things are more frustrating for other Senate crossbenchers.

In his stand on staffing, Albanese is not improving their mood. Pauline Hanson’s One Nation doubled its representation to four senators but has no extra staff. Staff allocation is up to the prime minister, who has once again been arbitrary about how many staff individual Senate crossbenchers receive. This is an unfair and indefensible system – there should be independent, consistent rules.

ACT senator David Pocock hasn’t lost any staff but he has lost clout, compared with last term when his vote could be crucial and he was able to trade it for concessions from the government. The new numbers deal him and other non-Green crossbenchers out of the game.

In the House of Representatives, the Teals retain strong representation but, as in the last parliament, they can only exert (limited) influence, not power. For a while early this year, when it looked as if there would be a hung parliament, they were preparing wish lists.

One new Teal will be sworn in next week, Nicolette Boele, who won the seat of Bradfield from the Liberals. She can’t know, however, whether she will see out her term. The Liberals have challenged the result after she won by just 26 votes. The matter will be decided by the Court of Disputed Returns.

There are three possible outcomes: the court confirms the result; the result is overturned and the seat awarded to Liberal candidate Gisele Kapterian (who was allowed to vote in the Liberal leadership and supported Ley); or a fresh election is ordered.

The Liberals are taking some risk with the challenge. If there were a new election, and they lost it, that would be another setback for them and could destabilise Ley’s leadership.

Michelle Grattan 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. Grattan on Friday: New parliament presents traps for Albanese and Ley – https://theconversation.com/grattan-on-friday-new-parliament-presents-traps-for-albanese-and-ley-261096

MIL OSI Analysis – EveningReport.nz –

More information is available in our blog

MIL-OSI United Kingdom: Ofqual withdraws access arrangements statistics

Source: United Kingdom – Executive Government & Departments

Press release

Ofqual withdraws access arrangements statistics

Ofqual is withdrawing its official statistics on access arrangements for GCSE, AS and A levels from 2014 to 2024 after identifying issues with the data.

Number of students reported to receive extra time in exams overstated, says regulator.
No change for students receiving or applying for access arrangements as procedures are unaffected.
Access arrangements granted to students remain appropriate and valid.
New official statistics with improved methodology to be published in late 2025 following comprehensive evidence review.

The exam regulator Ofqual is withdrawing its official statistics on access arrangements for GCSE, AS and A levels from 2014 to 2024 after identifying issues with the data.

Access arrangements are adjustments to exams for students with special needs, disabilities, or injuries, ensuring fair assessment. Examples include extra time and the use of a reader or scribe.

Ofqual’s statistics for access arrangements were based on data collected by exam boards. Ofqual’s detailed analysis of underlying data from the boards has now established that the published figures significantly overstated the number of students receiving access arrangements.

The difference is due to the way the data is recorded and aggregated – for example, including arrangements for students who did not sit exams in the relevant year, or duplicate applications for the same student.

The new analysis suggests that the actual proportion of students receiving access arrangements – including 25% extra time in exams – is now broadly in line with the proportion of students with special educational needs in the school population.

Tom Bramley, Executive Director of Research and Analysis at Ofqual, said: “We are correcting the record as soon as possible. The access arrangements process has not changed, and students who received support did so appropriately.

“This issue is limited to our access arrangements dataset and our other statistics are not affected.”

Ofqual is working with exam boards to improve data quality and reporting processes. Revised statistics will be published in late 2025 and will be classified as “official statistics in development”. Ofqual is working closely with the Office of Statistical Regulation on the new approach.

Notes to editors

For reference, SEN statistics: Special educational needs in England, Academic year 2024 to 2025

For information on access arrangements: Access Arrangements, Reasonable Adjustments and Special Consideration – JCQ Joint Council for Qualifications

The withdrawn data covers all access arrangements except modified exam papers, such as large print or braille papers, which use a different data set and are unaffected.

Statistics on modified exam papers will be briefly taken down from Ofqual’s website and then re-uploaded on a separate page.

Published 17 July 2025

MIL-OSI Russia: Tatyana Golikova spoke at government hour in the State Duma.

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Deputy Prime Minister Tatyana Golikova spoke at the government hour in the State Duma on the topic “On priorities in the implementation of the demographic policy of the Russian Federation.” It was also attended by Minister of Labor and Social Protection Anton Kotyakov, Minister of Health Mikhail Murashko, Minister of Finance Anton Siluanov, Minister of Construction and Housing and Utilities Irek Faizullin and Minister of Culture Olga Lyubimova.

The Deputy Prime Minister thanked the deputies for choosing the topic of the government hour and the detailed expert discussion. She emphasized that in the course of preparation for the government hour, 128 questions were received, to which written answers were given.

“Of all the components of demographic development, and today’s discussion has also shown this, increasing the birth rate is the most difficult task. We see, based on accumulated experience, that the birth rate does not directly depend on the amount of funds that we invest in social benefits. Our citizens have become more concerned about their health, and for expectant mothers, accessibility, including transportation, of medical care, a perinatal center, and a medical organization is important. Living standards have changed significantly – in the issue of birth rate, the importance of comfortable housing and sufficient space has increased. And the insufficient development of infrastructure in the regions, its inadequacy to the needs of small children is the main limiting challenge to birth rate. The life cycle is transforming – this is an extension of the period of obtaining an education, the desire to realize oneself in the professional sphere, ensuring career growth and financial independence. All this postpones the birth of a child. Another consequence of this transformation is loneliness. Quite a large number of young people cannot find a partner,” said Tatyana Golikova.

The Deputy Prime Minister noted that the average age of mothers at birth in Russia is 29. In addition, it is important to correctly assess the factor of the country’s growing urbanization: more than 80% of all births today occur in cities.

“Indirectly, through the use of maternity capital for education, we see that 70% of recipients in this area choose universities in large cities: Moscow, St. Petersburg, Krasnodar, Kazan. Young people leave their cities and, as a rule, do not return. Thus, the uniform territorial development of the country, the construction of housing, social and engineering infrastructure – these are all key things that need to be developed, and not only in cities, but also in rural areas. The strategy for the spatial development of Russia and its correct construction are of key importance for achieving the indicators set by the President. And of course, this is the work of all executive authorities at both the federal and regional levels, the maximum involvement of employers,” said the Deputy Prime Minister.

Tatyana Golikova emphasized that demographic issues were discussed in detail at faction meetings and with relevant committees in the run-up to the government hour.

The first block of questions is housing.

“There are many support measures in place today. This is the Young Family program, preferential mortgage programs, the validity of which has been extended: family mortgage at 6%, rural mortgage at 3%, Far Eastern or Arctic mortgage at 2%. To help families pay off mortgages, a payment of 450 thousand rubles is provided at the birth of a third or subsequent child. In eight regions of the Far East, its size has been increased to 1 million rubles. Another eight have established a similar measure within the framework of regional programs to increase the birth rate. As a result, there are 16 of them. A separate topic is the development of the preferential rental housing market. Currently, 12 thousand rental apartments are being built in the Far East. In addition, there is the My Private Home initiative, which combines measures to support individual housing construction. The comprehensive rural development program also includes housing construction models in rural areas. It is important for us to jointly assess how all current housing programs are interconnected, how they affect the family, ”said Tatyana Golikova.

An analysis of the use of maternity capital over the entire period of its existence confirms that housing is the main focus (69%) and more than 67% of funds used for housing, or 3.1 trillion rubles, are directed toward mortgages.

In addition, the high level of indebtedness of families, both mortgage and consumer loans, becomes an obstacle to the birth rate.

The second is support for families with many children.

Today, there are almost 2.8 million large families in Russia. Over the past two years, the number of large families has increased by 17.4%, and the number of children in them has reached 8.9 million.

As Tatyana Golikova noted, given the importance of this topic, a separate federal project, Large Families, has been formed within the national project Family. It combines federal and regional measures – both those that have proven their effectiveness and those introduced since 2025.

The Presidential Decree on social support for large families established the permanent status of a large family and defined the concept of a large family for receiving support measures. At the same time, the decree retained the right of regions to expand the category of a large family and also established a recommended list of regional support measures.

At the federal level, basic guarantees in the sphere of labor relations, early assignment of an insurance pension, vocational training and retraining for parents with many children, and the provision of state benefits in connection with the birth and upbringing of children are enshrined. In 2024, a single benefit covered more than 1.5 million large families raising 5.3 million children.

“Since 2025, for the first time, a priority procedure for concluding a social contract with large families has been established. More than 25% of social contracts have been concluded with large families. A register of large families has been formed. Since October 1 of last year, an electronic certificate for large families has been launched. 2.2 million certificates have already been issued,” noted Tatyana Golikova.

As part of the “demographic menu”, which is co-financed from the federal budget, 41 regions with low birth rates have provided additional support measures for large families.

“The problem remains that when establishing the status of a large family, regions require permanent registration in the region of all family members. This leads to the fact that the father, registered in another region, is not included in the family and, accordingly, in the certificate. And, as a result, he cannot take advantage of not only regional, but also federal support measures – go with children to a museum for free, buy goods or tickets at a discount. This approach must be eliminated. It is important that all regions have a responsible, informal attitude to the topic of supporting large families,” the Deputy Prime Minister emphasized.

Thirdly, the health of citizens.

Within the framework of the new national projects “Family” and “Long and Active Life”, an active range of measures in the field of healthcare will be continued.

“Special attention will be paid to psychological, legal and social assistance to pregnant women, as well as the use of assisted reproductive technologies to treat infertility: 485 thousand IVF cycles will be performed,” said Tatyana Golikova.

Fourth – strengthening value systems with a focus on strong families and having many children among young people.

The promotion of family values in the media, literature, through family competitions, forums and festivals such as “Family of the Year”, “It’s Family for Us”, the All-Russian Wedding Festival and a number of others, gives its results, forms traditions, and a respectful attitude towards the family.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

MIL-OSI Russia: The Amur Region’s exposition at the Far East Street exhibition within the framework of the Eastern Economic Forum will tell about the development of Russian-Chinese cooperation

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

The largest investment projects, industrial achievements and development prospects of the transboundary agglomeration Blagoveshchensk – Heihe will be presented by the Amur Region at the exhibition “Far East Street”, which will be held from September 3 to 9 as part of the tenth, anniversary Eastern Economic Forum in Vladivostok. The main slogan of the region is “Amur Region – the center of Russian-Chinese cooperation”. The organizer of the exhibition is the Roscongress Foundation with the support of the office of the Plenipotentiary Representative of the President of Russia in the Far Eastern Federal District.

“The Amur region is the territory of the largest infrastructure projects. To attract investments, the Amur Region is one of the leading regions. Among the largest investment projects of the region are the construction of a logistics complex, a gas -chemical cluster, an international bridge across the Amur, a cross -border cable car and modern infrastructure facilities. Projects are actively developing in the field of agriculture, energy, mining industry and forestry complex. This is the region from which Russia enters into space. Here the first civilian cosmodrome eastern cosmodrome works here. Recently, the Russian-Chinese Economic Forum “Amuraxpo“, which is the field platform of the Eastern Economic Forum, was completed. This year, the VEF takes place in the anniversary, the tenth time. The forum will be given special attention, as the development of international cooperation with friendly countries. Relations between Russia and China are an important stabilizing factor in world politics and economics. With every year, every year between every year. Our countries are more than economic and cultural. Our task is to help the region attract investors, develop partnerships with friendly countries, to build new enterprises, the quality of life of people was created, ”said the deputy chairman of the government, the Presidential Plenipotentiary Committee, and the Chairman of the Organizational Committee of the Eastern Economic Forum Yuri Trutnev.

The main color accent in the design of the Amur pavilion is red, since this color is present in the national flags of both countries – the Russian Federation and the People’s Republic of China. The facade of the building is made of red perforated panels, on which you can read individual words and phrases about the achievements of the Amur Region.

“The Eastern Economic Forum is the key event of the year for us. This unique venue allows us to conclude dozens of profitable agreements, agree on the implementation of promising investment projects in the region, and outline new directions for the region’s development. And the regional pavilion on Far East Street plays a huge role in attracting new investors, partners, and tourists. It should present all the region’s achievements, its prospects, and key projects in various fields in the most visual way possible. When developing the expositions, we try to introduce new details every year, using the most modern means, infographics, and multimedia,” said Vasily Orlov, Governor of the Amur Region.

The first floor of the Amur Region pavilion is dedicated to Russian-Chinese cooperation. The stand will present existing and prospective joint projects. Among them are the Golden Mile, an international automobile bridge and a cross-border cable car. Guests of the pavilion will be able to learn about key Russian-Chinese cultural, sports and economic events that have taken place over the past ten years. The work of the competence center created under the President’s instructions will also be shown.

The second floor of the region’s exposition is designed as a chemical laboratory, with an emphasis on polymer processing and products obtained from them. The walls will display information about the anchor projects of the region’s gas chemical industry – the Amur Gas Chemical Plant and the Amur Gas Chemical Complex. The third floor will traditionally become a meeting place for representatives of the region with partners and potential investors, a negotiation area and signing of agreements.

In addition, in a separate pavilion “Made in Amur Region”, visitors to the exhibition will be able to purchase kvass, honey, dried fruits, snacks, sausages and confectionery, green tea, as well as souvenirs from Amur craftsmen. The adjacent territory will house a tourist zone with a geodome “Tourism in Amur Region”. At the site, representatives of the Hospitality Agency of Amur Region will talk about the tourism potential of the region in an interactive space.

In honor of the 80th anniversary of the Victory in the Great Patriotic War, a thematic interactive stand will be installed near the regional pavilion. The exhibition will include unique historical materials, photographs, veterans’ memories and interactive elements allowing visitors to delve deeper into the events of those years. Also this year, a concert stage will return to the territory of the Amur Region pavilion.

The 10th Eastern Economic Forum will be held on September 3–6 at the campus of the Far Eastern Federal University in Vladivostok. During these days, the exhibition will be available to forum participants, and on September 7, 8, and 9, it will be open to everyone. The EEF is organized by the Roscongress Foundation.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

MIL-OSI: Lantronix Disrupts Industrial Connectivity With the Debut of Its Affordable, Award-Winning 5G Wireless Router Series

Source: GlobeNewswire (MIL-OSI)

IRVINE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions enabling Edge AI Intelligence, today launched its new NTC-500 Series rugged industrial-grade 5G router, designed to transform the economics of enterprise mobility and connectivity. This NTC-500 Series product launch is a direct result of Lantronix’s acquisition of NetComm Wireless, validating Lantronix’s strategic investment as well as underscoring its global position as a provider of cutting-edge connectivity solutions for enterprise and industrial IoT markets.

The NTC-500 Series positions Lantronix to capitalize on the accelerating global shift toward wireless industrial infrastructure. With carrier certification, global approvals and a disruptive price point, the NTC-500 Series empowers enterprises to eliminate costly Ethernet infrastructure — potentially thousands of dollars per drop — while retaining the high-speed, low-latency performance traditionally associated with wired networks.

By addressing key pain points, such as high deployment costs, long installation timelines, limited mobility and the need to support a high density of connected end points, the NTC-500 solution opens new revenue streams across private 5G, edge computing and industrial automation markets. Its flexible, future-ready design supports a wide range of use cases, enabling customers to scale efficiently while reducing total cost of ownership.

“Lantronix has redefined the economics of industrial 5G mobility and critical connectivity,” said Daniel Quant, head of Industrial IoT Products and Business Line at Lantronix. “The NTC-500 Series delivers a rugged, globally approved and carrier-certified 5G solution at a breakthrough price point, enabling customers to scale digital transformation faster, future-proof their infrastructure investments and significantly reduce operational costs.”

Private-5G ready, the NTC-500 Series supports the n48-CBRS band, n77 & n78 and more, enabling the rapid digitization of previously stranded or mobile assets. This unlocks new levels of automation, operational agility and productivity across enterprise and industrial segments.

According to ABI Research’s 1Q 2025 Private Cellular Network Forecasts, the 5G market will grow from $2.7 billion in 2025 to $29 billion by 2030. Private 5G deployments in sectors such as manufacturing and healthcare are accelerating, driven by demand for advanced cellular capabilities in mission- and safety-critical applications.

Award-Winning 5G Wireless Router

Lantronix’s NTC-500 5G Series has not only resonated with customers and partners, but it has also earned industry-wide recognition. Lantronix’s innovation was recently honored with the 2025 Industrial IoT Product of the Year Award from IoT Evolution World, a leading authority covering IoT technologies.

“Lantronix is a worthy recipient of a 2025 Industrial IoT Product of Year Award. Its NTC-500 Series is an outstanding representative of the diverse range of innovation that’s driving the multi-billion-dollar IoT market today. It is my honor to congratulate the Lantronix team for their innovative work and superior contribution to the rapidly evolving IoT industry,” said Rich Tehrani, CEO of TMC, publisher of IoT Evolution World.

Built for High-Scale, High-Impact Deployments

Supporting the latest 3GPP Release 16 5G features, the NTC-500 Series includes 5G Non-Standalone (NSA) and 5G Standalone (SA) with 4G-LTE fallback and Dynamic 5G Slicing, which enables complex end-to-end, on-demand quality of service solutions in partnership with leading carrier networks.

Key Capabilities and Use Cases

High-Speed Data Transfer: Ultra-fast 5G data transmission for seamless communication between industrial assets and systems. Use Cases: Machine vision, remote inspections and firmware updates.
Low Latency for Real-Time Control: Near-instantaneous data, critical for robotics, AGVs, and security systems. Use Cases: Autonomous robotic arms, AGV coordination access control.
Cable-Free Connectivity for Improved Agility: Eliminate potentially thousands of dollars in cable runs, enabling flexible asset deployment. Use Cases: Modular production lines, pop-up logistics hubs, and reconfigurable warehouses.
Site-Wide Mobility for High-Density Asset Connectivity: Reliable and deterministic wireless communication across large campuses with many endpoints. Use Cases: Smart factories, AGV and Smart Forklift fleets, outdoor logistics yards.
Disruptive Price-Point: Enterprise-grade 5G at a price that expands addressable markets. Use Cases: Retail, QSR, mining, construction and cost-sensitive automation.

About Lantronix

Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

For more information, visit the Lantronix website.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products and awards. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024; as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
investors@lantronix.com

MIL-OSI: Lantronix Disrupts Industrial Connectivity With the Debut of Its Affordable, Award-Winning 5G Wireless Router Series

Source: GlobeNewswire (MIL-OSI)

IRVINE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions enabling Edge AI Intelligence, today launched its new NTC-500 Series rugged industrial-grade 5G router, designed to transform the economics of enterprise mobility and connectivity. This NTC-500 Series product launch is a direct result of Lantronix’s acquisition of NetComm Wireless, validating Lantronix’s strategic investment as well as underscoring its global position as a provider of cutting-edge connectivity solutions for enterprise and industrial IoT markets.

The NTC-500 Series positions Lantronix to capitalize on the accelerating global shift toward wireless industrial infrastructure. With carrier certification, global approvals and a disruptive price point, the NTC-500 Series empowers enterprises to eliminate costly Ethernet infrastructure — potentially thousands of dollars per drop — while retaining the high-speed, low-latency performance traditionally associated with wired networks.

By addressing key pain points, such as high deployment costs, long installation timelines, limited mobility and the need to support a high density of connected end points, the NTC-500 solution opens new revenue streams across private 5G, edge computing and industrial automation markets. Its flexible, future-ready design supports a wide range of use cases, enabling customers to scale efficiently while reducing total cost of ownership.

“Lantronix has redefined the economics of industrial 5G mobility and critical connectivity,” said Daniel Quant, head of Industrial IoT Products and Business Line at Lantronix. “The NTC-500 Series delivers a rugged, globally approved and carrier-certified 5G solution at a breakthrough price point, enabling customers to scale digital transformation faster, future-proof their infrastructure investments and significantly reduce operational costs.”

Private-5G ready, the NTC-500 Series supports the n48-CBRS band, n77 & n78 and more, enabling the rapid digitization of previously stranded or mobile assets. This unlocks new levels of automation, operational agility and productivity across enterprise and industrial segments.

According to ABI Research’s 1Q 2025 Private Cellular Network Forecasts, the 5G market will grow from $2.7 billion in 2025 to $29 billion by 2030. Private 5G deployments in sectors such as manufacturing and healthcare are accelerating, driven by demand for advanced cellular capabilities in mission- and safety-critical applications.

Award-Winning 5G Wireless Router

Lantronix’s NTC-500 5G Series has not only resonated with customers and partners, but it has also earned industry-wide recognition. Lantronix’s innovation was recently honored with the 2025 Industrial IoT Product of the Year Award from IoT Evolution World, a leading authority covering IoT technologies.

“Lantronix is a worthy recipient of a 2025 Industrial IoT Product of Year Award. Its NTC-500 Series is an outstanding representative of the diverse range of innovation that’s driving the multi-billion-dollar IoT market today. It is my honor to congratulate the Lantronix team for their innovative work and superior contribution to the rapidly evolving IoT industry,” said Rich Tehrani, CEO of TMC, publisher of IoT Evolution World.

Built for High-Scale, High-Impact Deployments

Supporting the latest 3GPP Release 16 5G features, the NTC-500 Series includes 5G Non-Standalone (NSA) and 5G Standalone (SA) with 4G-LTE fallback and Dynamic 5G Slicing, which enables complex end-to-end, on-demand quality of service solutions in partnership with leading carrier networks.

Key Capabilities and Use Cases

High-Speed Data Transfer: Ultra-fast 5G data transmission for seamless communication between industrial assets and systems. Use Cases: Machine vision, remote inspections and firmware updates.
Low Latency for Real-Time Control: Near-instantaneous data, critical for robotics, AGVs, and security systems. Use Cases: Autonomous robotic arms, AGV coordination access control.
Cable-Free Connectivity for Improved Agility: Eliminate potentially thousands of dollars in cable runs, enabling flexible asset deployment. Use Cases: Modular production lines, pop-up logistics hubs, and reconfigurable warehouses.
Site-Wide Mobility for High-Density Asset Connectivity: Reliable and deterministic wireless communication across large campuses with many endpoints. Use Cases: Smart factories, AGV and Smart Forklift fleets, outdoor logistics yards.
Disruptive Price-Point: Enterprise-grade 5G at a price that expands addressable markets. Use Cases: Retail, QSR, mining, construction and cost-sensitive automation.

About Lantronix

Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

For more information, visit the Lantronix website.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products and awards. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024; as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
investors@lantronix.com

MIL-OSI: Morien Receives Notice from Kameron to Explore Sale of Donkin Mine Interest

Source: GlobeNewswire (MIL-OSI)

HALIFAX, Nova Scotia, July 17, 2025 (GLOBE NEWSWIRE) — Morien Resources Corp. (“Morien” or the “Company“) (TSX-V:MOX) reports that it has received notice from Kameron Collieries ULC (“Kameron”), owner and operator of the Donkin Coal Mine (the “Donkin Mine”) in Nova Scotia, of Kameron’s intent to explore a sale of its 100% ownership in the Donkin Mine.

Under the terms of the Royalty Agreement between Morien and Kameron, Morien holds a 2-4% production royalty on coal sales from the Donkin Mine. This royalty is binding upon Kameron and successor owners of the Donkin Mine and will continue if there is a change in ownership.

The Company understands that Kameron is in the early stages of initiating the sale process and has not yet entered into any binding sale agreement with a third party. Kameron’s parent company, The Cline Group (“Cline”), has engaged U.S.-based Perella Weinberg Partners to lead the sales process.

Morien will publish further information on the sale process when it becomes available and as the process advances. There is no assurance that the sale process will result in a completed transaction, nor can Morien provide guidance on timing, transaction terms, or expected outcomes at this stage, or the impact of the sale process or any completed sale on the prospects for the Donkin Mine to restart operations.

About Morien

Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from Donkin in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and outstanding common shares and a fully diluted position of 53,992,000. Further information is available at www.MorienRes.com.

Forward-Looking Statements

Some of the statements in this news release may constitute “forward-looking information” as defined under applicable securities laws. These statements reflect Morien’s current expectations of future revenues and business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be affected by a number of factors, many of which are beyond its control, and that future events and results may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties described in documents filed by Morien with the Canadian securities regulators on SEDAR+ (www.sedarplus.com) from time to time. Morien cautions that its royalty revenue will be based on production by third party property owners and operators who will be responsible for determining the manner and timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate; unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes; and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this news release.

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

For more information, please contact:

Dawson Brisco, President & CEO
Phone: (902) 403-3149
dbrisco@MorienRes.com
or
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914
www.MorienRes.com

MIL-OSI Europe: Written question – Financing of international institutions under the Neighbourhood, Development and International Cooperation Instrument – Global Europe – E-002850/2025

Source: European Parliament

Question for written answer E-002850/2025
to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
Rule 144
Fernand Kartheiser (NI)

Under the Neighbourhood, Development and International Cooperation Instrument – Global Europe, the International Criminal Court and other international institutions receive direct financing from the European Union. In the case of the former, it is estimated that half of its budget is borne by the EU.

1.Could the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy (VP/HR) indicate the precise wording of this strategic partnership and the steps taken to ensure that this financing does not negatively affect the independence of the court?
2.Could the VP/HR also specify the period of time for which the funds are granted and under what conditions they are allocated, as well as share relevant documentation regarding the financing, including the amounts involved?
3.More generally, could the VP/HR specify the nature, duration and scope of the relationship with the International Criminal Court, including the forms of cooperation involved (such as political dialogue or technical assistance)?

Submitted: 12.7.2025

Last updated: 17 July 2025

MIL OSI Europe News –

MIL-OSI Europe: Written question – Unacceptable Libyan grievances against Greece and the attempt to create faits accomplis in the Eastern Mediterranean – P-002851/2025

Source: European Parliament

Priority question for written answer P-002851/2025
to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
Rule 144
Afroditi Latinopoulou (PfE)

On 20 June 2025, the Permanent Mission of Libya to the UN issued a Note Verbale accusing Greece of a ‘serious breach of international law’, arguing that Greek permits for hydrocarbon exploration south of Crete allegedly infringe Libya’s ‘sovereign rights’.

Invoking the blatantly illegal Turkish-Libyan memorandum of understanding, both non-officially recognised Libyan governments are attempting to challenge Greek sovereignty and denying the influence of the Greek islands – even Crete itself – in maritime zones, in breach of the Law of the Sea (UNCLOS). This is a dangerous escalation, which is part of the broader strategy of the Turkish and Libyan governments to destabilise the Eastern Mediterranean and challenge the lawful rights of an EU Member State.

In view of the above, can the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy say:

1.Will she strongly condemn the non-existent Libyan grievances and the invocation of an illegal memorandum that grossly violates international law?
2.How does she intend to actively defend Greece’s sovereignty and sovereign rights, while protecting the EU’s strategic interests in the Eastern Mediterranean against such destabilising practices?

Submitted: 13.7.2025

Last updated: 17 July 2025

MIL OSI Europe News –

MIL-OSI United Kingdom: Giving 16 and 17-year-olds the vote is a long-overdue step towards a stronger, more inclusive democracy say Greens

Source: Green Party of England and Wales

17 July 2025 by Green Party

Responding to the government’s announced plans to give votes to 16 and 17 year olds, Green Party MP, Ellie Chowns said:

“On this one, Labour have got it right. Giving 16- and 17-year-olds the vote is a long-overdue step towards a stronger, more inclusive democracy. Young people have powerful voices and a vital stake in decisions about their future — it’s only right that they have a say at the ballot box.

But if Labour are serious about renewing our democracy, this must be just the beginning. We need to go further — that means scrapping the undemocratic House of Lords, and finally delivering proportional representation so that every vote counts.”

MIL-OSI United Kingdom: Huge biosecurity centre investment to boost pandemic protection

Source: United Kingdom – Executive Government & Departments

Press release

Huge biosecurity centre investment to boost pandemic protection

A new world-leading biosecurity centre in Essex will protect the UK from emerging publicd health threats and boost economic growth.

World-leading biosecurity centre in Harlow, Essex to protect the UK against emerging public health threats
Multi-billion-pound government investment will make National Biosecurity Centre the largest of its kind in Europe
Will create around 1,600 new jobs to support construction and enhance collaboration between scientists and the life sciences sector

People in the UK will be better protected from future pandemics and biosecurity threats thanks to government investment into a new, world-leading biosecurity centre in Harlow, Essex.

The National Biosecurity Centre (NBC) will increase the speed and scale of research into dangerous pathogens and life-saving vaccines, boosting healthcare and economic growth, and protecting UK national security.

The government is investing billions of pounds in the project, including £250m over this Parliament, for vital research and testing that is currently split across UK Health Security Agency (UKHSA) sites in Porton Down and Colindale under one roof.

Once complete, the NBC will be the largest in Europe, creating around 1,600 new jobs to support construction of the site and enabling the development of new treatments and vaccines that could save countless lives.

Health and Social Care Secretary Wes Streeting said:

This transformational investment in the UK’s national biosecurity will better protect the British public from future health emergencies, boost the life sciences sector and create new jobs.

COVID-19 taught us how crucial it is to be able to respond quickly to new emerging threats, and the new National Biosecurity Centre will allow us to do exactly that — ensuring Britain remains a world-leader in pandemic preparedness.

Harlow will become a scientific hub, with The National Biosecurity Centre exploring new ways to treat illnesses, improve people’s health and save more lives.

By backing innovation, research and life sciences, we will make our NHS fit for the future, and cement the UK as a life sciences superpower as part of our Plan for Change.

The NBC will create 1,600 extra jobs to support construction of the site and enabling closer collaboration between leading scientists and the life sciences sector.

The investment is part of a series of ways in which this government is making the UK a life sciences powerhouse to improve access to life-changing and innovative treatments for patients, as set out in the 10 Year Health Plan. This follows the launch of a new digital hub for the Medicines and Healthcare products Regulatory Agency (MHRA) in Leeds to ensure that life-saving healthcare innovations reach patients faster.

We’re taking the lessons from COVID-19, boosting our world-leading vaccine manufacturing and research capabilities, and separately to Harlow, taking part in a national exercise later this year to make sure our preparations are watertight. Through the Pandemic Agreement, we’re also improving the world’s collective ability to prevent, prepare for, detect and respond to global disease threats and £108 billion in life sciences sector also protects us against future pandemics, as well as creating jobs and driving economic growth.

Dyfed Alsop, interim UKHSA chief executive, said: > > This is fantastic news for the UK and will mean that we can continue to offer the best possible protection for people’s health for generations to come. > > A brand-new facility at Harlow will bring together our world leading public health science and emergency response capabilities, putting us in a stronger position to protect the public and keep people safe. > > This marks a significant investment in our future, ensuring that the UK remains a world leader in health security and that we are better prepared against a growing range of health threats.

The NBC will create exciting new partnerships between UKHSA scientists and industry – paving the way for potential research breakthroughs, including in the realm of infectious diseases, environmental health, and behavioural sciences. Harlow will deliver state of the art highly secure laboratories that will be used to research the most dangerous and new diseases.

Being physically closer to industry partners in the Oxford-Cambridge corridor will furthermore strengthen collaborations.

Science Minister Lord Vallance said:

The National Biosecurity Centre will help to strengthen the UK life sciences sector for decades to come, by backing our world-renowned researchers with highly advanced facilities to develop life-saving treatments in the face of new health threats.

By enabling further collaboration between researchers at the cutting-edge and industry, the new hub can help drive the economic growth that benefits us all, building on the highly skilled new jobs already being delivered, and supporting our Plan for Change.

The new facility will form part of a new network of National Biosecurity Centres recently announced under the 2025 National Security Strategy. This network will strengthen and formalise existing collaborations between UKHSA, the Animal and Plant Health Agency (APHA) and the Defence Science and Technology Laboratory (Dstl) to bolster the UK’s resilience to deliberate, accidental or naturally occurring biological incidents. It follows the announcement last month of investment of more than £1 billion in a new campus in Weybridge to research and respond to animal and zoonotic diseases.

Work to prepare NBC for operation will begin as soon as possible, with the first facilities due to open by the mid-2030s and the whole site scheduled to be in operation by 2038.

By enhancing the UK’s resilience against biological threats, the opening of NBC will strengthen our national security – one of the essential foundations underpinning our Plan for Change.

Notes to editors:

Further information on the Network of National Biosecurity Centres: Network of National Biosecurity Centres – GOV.UK
The decision to open the new site in Harlow was made following an extensive review of the best ways to deliver the specialist laboratories that the UK needs, including the possibility of redeveloping existing sites.
UKHSA will continue operating from Colindale and Porton until the new Centre in Harlow is fully up and running, to ensure a safe and effective transition.
The DSTL site at Porton Down is not affected by this new development and will remain operational.
Of the total multi-billion investment in the Centre, £250 million will be spent by the Government over this Parliament alone to kickstart delivery. The exact total amount of funding for the Centre will be confirmed in due course.

Published 17 July 2025

READ | Israel’s disregard for ICJ rulings undermines global governance, says Dangor

MIL-OSI Africa: States announce several measures to halt the Gaza genocide at Bogotá conference

Source: Government of South Africa

States announce several measures to halt the Gaza genocide at Bogotá conference

In a significant multilateral initiative, a coalition of countries from various regions has agreed on six coordinated diplomatic, legal and economic measures aimed at restraining Israel’s actions in the occupied Palestinian territories and upholding international law.

The Emergency Conference of The Hague Group, jointly organised by the governments of Colombia and South Africa as co-chairs, brought together 30 nations from Africa, Asia, Europe, North America, and South America.

“In the deliberations at the Bogotá conference, all 30 participating States unanimously agreed that the era of impunity must end – and that international law must be enforced without fear or favour through immediate domestic policies and legislation – along with a unified call for an immediate ceasefire,” a joint statement issued at the end of the conference read.

To initiate this process, 12 countries from around the world – Bolivia, Colombia, Cuba, Indonesia, Iraq, Libya, Malaysia, Namibia, Nicaragua, Oman, Saint Vincent and the Grenadines, and South Africa – convened in Bogotá, Colombia, for two days.

The countries committed to immediately implement six measures through their domestic legal and administrative systems.

The leaders have scheduled a meeting for 20 September, coinciding with the 80th United Nations General Assembly, to invite more countries to join this initiative. Consultations with governments worldwide are currently underway.

The countries have since announced several measures to be adopted based on the States’ domestic legal and legislative frameworks. This includes a ban on arms shipments to Israel, a prohibition on ships transporting such arms, and a review of public contracts to identify any links to companies benefiting from the Israeli occupation.

In addition, the group supports “universal jurisdiction mandates”, which would enable States or international bodies to prosecute serious international crimes, regardless of where they occurred.

“These 12 States have taken a momentous step forward,” said UN Special Rapporteur on human rights in the occupied Palestinian territory, Francesca Albanese.

“The clock is now ticking for States – from Europe to the Arab world and beyond – to join them.”

The conference agreed to set a deadline for States’ final decisions by September 2025, in line with the 12-month timeframe mandated by United Nations General Assembly Resolution A/RES/ES-10/24, adopted on 18 September 2024.

That resolution called on all States to take effective action on Israel’s violations of international law, including accountability, sanctions, and cessation of support — within one year of adoption.

“We came to Bogotá to make history – and we did,” said Colombian President Gustavo Petro.

“Together, we have begun the work of ending the era of impunity. These measures show that we will no longer allow international law to be treated as optional, or Palestinian life as disposable.”

South Africa’s International Relations and Cooperation Minister, Ronald Lamola, said what they have achieved is a collective affirmation that no State is above the law.

“The Hague Group was born to advance international law in an era of impunity. The measures adopted in Bogotá show that we are serious and that coordinated State action is possible,” said Lamola.

The Executive Secretary of The Hague Group, Varsha Gandikota-Nellutla, said the conference marks a turning point – not just for Palestine, but for the future of the international system.

“For decades, States, particularly in the Global South, have borne the cost of a broken international system. In Bogotá, they came together to reclaim it, not with words, but with actions.” – SAnews.gov.za

Gabisile
Thu, 07/17/2025 – 10:27

MIL OSI Africa –

MIL-OSI Africa: Premier Mokgosi to visit elderly in Mazista

Source: Government of South Africa

Premier Mokgosi to visit elderly in Mazista

Elderly people in Mazista village in Swartruggens will on Friday be paid a visit by the North West Premier, Lazarus Kagiso Mokgosi.

As part of commemorating International Nelson Mandela Day, the Premier will carry out renovations at a centre for elderly people as well as donate equipment for their vegetable garden and groceries.

Mokgosi will be accompanied by Members of the Executive Council and Kgetlengrivier Local Municipality Mayor Thabo Jacobs as well as senior government officials.

“The initiative, which is a collaborative effort between government and various social partners, gives impetus to this year’s celebrations held under the theme: ‘Uniting to combat poverty and inequity’,” said the Premier’s office in a statement.

The late former President Nelson Mandela, in addressing the scourge of poverty, suffering and deprivation, said: “It is in your hands to make our world a better one for all, especially the poor, vulnerable and marginalised.”

These profound words by the global icon and father of the nation are at the heart of the actions this Nelson Mandela Day in tackling poverty, fighting inequality and building a society based on justice.

The day is an opportunity for citizens to recognise their individual power to change the world for the better. – SAnews.gov.za

Janine
Thu, 07/17/2025 – 11:16

MIL OSI Africa –

MIL-OSI United Kingdom: Patients with long-term conditions to receive help from charities

Source: United Kingdom – Executive Government & Departments

Press release

Patients with long-term conditions to receive help from charities

Hundreds of thousands of patients with long-term conditions will be automatically referred to specialist charities at the point of diagnosis.

Better support to understand and manage conditions from day one, improving quality of life and avoiding unnecessary hospital visits, supporting an NHS fit for the future as part of the Plan for change
Announced by the Prime Minister at the Civil Society Summit – the service is yet another example of how the government is working with civil society to deliver for working people

Hundreds of thousands of people diagnosed with long-term health conditions will receive extra help and support from expert charities, under a new service announced by the Prime Minister today (Thursday 17 July).

Diagnosis Connect will ensure patients are referred directly to trusted charities and support organisations as soon as they are diagnosed – providing personalised advice, information and guidance to help them manage their condition and feel more in control. This support is designed to complement, not replace, their usual NHS care. It recognises the vital role that civil society plays in helping repair the health of the nation.

With one in four people in the UK living with two or more long-term conditions this early, tailored support is vital. Patients living with multiple health issues often face the greatest challenges and the highest risk of complications. By helping people understand and manage their conditions from day one, the new service will help reduce flare-ups, improve quality of life and avoid unnecessary hospital visits.

The service, due to be launched in 2026, will support a quarter of a million people in its first two years focusing on areas like diabetes, mental health and lung conditions. It will be scaled up to reach hundreds of thousands more over the coming years.

The initiative, developed by the Richmond Group, was announced by the Prime Minister at the Civil Society Summit at the Science Museum, where he launched a new Civil Society Covenant to build stronger partnerships between government and charities, faith organisations, philanthropists, social investors and grassroots groups to deliver real results for working people.

Health and Social Care Secretary Wes Streeting said:

Being diagnosed with a long-term condition can be overwhelming. People are often handed a leaflet or a phone number and left to find help themselves—right when they’re feeling scared, confused and unsure where to turn.

We’re changing that. Just as people with cancer or dementia are often guided to well-known charities for specialist advice and support, this new service will make sure patients with other long-term conditions are directly referred to trusted organisations from the moment they’re diagnosed.

It’s about making it far easier to give people the emotional support, practical guidance and confidence they need to manage their condition and live fuller, more independent lives. Our Plan for Change is delivering for patients and making an NHs fit for the future.

In its first stage, launching in 2026, Diagnosis Connect will focus on patients diagnosed in primary care—such as at their GP surgery. Patients will be automatically connected with specialist charities that offer helplines, information, local support groups and services tailored to their condition.

As the programme expands, a digital referral system will allow NHS teams in all healthcare settings—including hospitals—to connect patients to a broad network of voluntary, community, and social enterprise organisations.

Initially, the service will focus on key areas such as diabetes, lung conditions and mental health, with further conditions added over time.

As part of the government’s 10 Year Health Plan to shift the health service from analogue to digital, patients will be sent a text or push notification via the NHS App with information about relevant support groups and charities should they wish to seek further help.

Juliet Bouverie OBE, CEO of the Stroke Association said:

240 people of all ages wake up to stroke every day in the UK having lost the ability to move, speak or even swallow with lifelong repercussions for their mental health and quality of life. As the UK’s only stroke-specific support charity, we know the huge difference it makes to people affected by stroke to get information, help, and guidance easily and accessibly when they need it most.

We have recently been trialling a similar programme to ensure people affected by stroke know about our services right from the point of diagnosis. So, we’re confident that Diagnosis Connect can help transform the early stages of recovery and rehabilitation for the 1.4 million stroke survivors in the UK today and their loved ones. As the Government reforms the country’s healthcare, charities, like ourselves, have real potential to be an invaluable support for those who need us.

Gemma Peters, Chief Executive Officer at Macmillan Cancer Support, said:

We welcome today’s commitment from the Government to work in partnership to ensure support is available for people from day one. From the moment someone hears the words ‘you’ve got cancer’ lives are turned upside down and having the right support in place is vital.

Currently, there are almost 3.5 million people living with cancer across the UK and too many people face unacceptable differences in their experiences of diagnosis, treatment, and care because of who they are or where they live. This has to change. Better is possible and through our work with the government we want to ensure that everyone living with cancer gets the best care the UK has to offer.

Macmillan is here for everyone. No matter your question or your needs specially trained advisers are available on our Support Line and more ways to get support can also be found on our website.

Duleep Allirajah, Chief Executive of The Richmond Group of Charities, said:

We are delighted that the government, as part of its 10 Year Health Plan, has committed to this pioneering digitally enabled service, helping more people diagnosed with health conditions to manage through expert support from charities.

Being diagnosed with a health condition can be a time of worry, questions and fears for the future. It’s when access to the right kind of support makes all the difference. Charities provide vital guidance, understanding and support to individuals, through personalised information, helplines, access to specialists and links to others who also live with the condition.

The Richmond Group of Charities helped develop this proposal for automatic referrals to specialist charity support. We look forward to this becoming second-nature, so that all people with long-term conditions can benefit from support when they need it.

Partner comments:

Chris Larkin, Associate Director of Services at Alzheimer’s Society, said:

There are currently around one million people in the UK living with dementia. A third of those are undiagnosed, leaving them to face the devastating realities of dementia without access to the vital care, support and treatment that a diagnosis can bring.

For those who do manage to access a diagnosis, they tell us that finding the right support can often feel like trying to navigate a maze, with multiple dead ends and wrong turns.

Diagnosis Connect has the potential to hand families a map and steer them in the right direction, towards people who understand dementia, guiding them from diagnosis through to end of life.

Alzheimer’s Society’s services are a lifeline for people affected by dementia. We’re ready to work with the Government and share our knowledge from supporting people through one of the hardest times in their lives.

Sarah Sleet, Chief Executive at Asthma + Lung UK, said:

We are delighted to see Diagnosis Connect being taken up by the government, an approach Asthma + Lung UK has already championed as a game-changer for people newly diagnosed with lung conditions. As the NHS shifts its focus from moving more care out of hospital and into the community, ensuring people have access to advice and support to manage chronic health conditions is crucial. It makes absolute sense for the government to work in partnership with health charities to do this, capitalising on our vast expertise and community connections.

Respiratory illness is the leading cause of emergency hospital admissions, yet levels of basic care for lung conditions like asthma and chronic obstructive pulmonary disease are worryingly low. Signposting people to organisations like Asthma + Lung UK from the moment they are diagnosed can make all the difference. We know that with the right support and information, people are better able manage their lung conditions, meaning they can stay well and out of hospital. We all have a role to play in supporting the NHS and keeping patients safe and supported. Asthma + Lung UK is committed to doing our part, together with other charities.

Dr David Chaney, Director of Services, Community and Improvement at Diabetes UK, said:

Being diagnosed with diabetes can be an overwhelming and often lonely experience. It can be difficult to know where to turn. Getting the right support from day one can make all the difference, giving people the best chance of living well with diabetes and reducing their risk of developing devastating complications in the future.

We’re delighted to see the Government harnessing the support offered by charities, through Diagnosis Connect. By connecting people to charities from the moment of diagnosis, this initiative will help embed early, compassionate support into everyone’s diabetes journey, so no-one faces a life-changing diagnosis alone.

Nick Moberly, Chief Executive at the MS Society, said:

We’re really pleased the government is supporting Diagnosis Connect. More than 150,000 people live with MS in the UK, and this new service has real potential to ensure everyone gets timely information and vital support at diagnosis to help them live well with MS.

This first stage is a positive step forward in better connecting the NHS to charities. Together with the Richmond Group we look forward to developing Diagnosis Connect to help provide personalised advice, information and guidance to our communities in England.

Helen Buckingham, Chair of National Voices, said:

Being diagnosed with a new and potentially serious health condition can be an overwhelming, burdensome and sometimes frightening experience. We know from our members that providing support at the point of diagnosis is vital to ensuring that people have the skills and confidence to manage their condition, reducing the risk of deterioration.

The VCSE sector, properly funded, can play an important part in making the 10 Year vision a reality. This is just one example of the value of enabling the sector to perform their unique role in the health system; supporting the people they advocate for. We hope to see many more.

David Newbold, Director of Community at Parkinson’s UK, said:

We are pleased to see the government launch the first phase of Diagnosis Connect. This new initiative builds on the great work of many charities in supporting people as soon as they are diagnosed with a health condition.

Since 2019, we have been trialling our own pioneering service, Parkinson’s Connect, which refers newly diagnosed people to our community of support. So we believe Diagnosis Connect will supercharge our service, ensuring no one is left uncertain of where to turn when diagnosed with Parkinson’s.

We look forward to working with the DHSC and the NHS to shape and deliver this vital new programme.

Rachel Power, Chief Executive, The Patients Association said:

This is a welcome initiative that rightly recognises the vital role expert charity support plays in helping patients manage long-term conditions. Our work shows that patients living in underserved neighbourhoods often struggle to get the information they need and face barriers when communicating with healthcare professionals. Early access to trusted charities at the point of diagnosis can make a real difference.

For it to truly succeed, the referral system needs to capture the full diversity of support available, from established national charities to grassroots community organisations. Done right, this could help reduce health inequalities and be transformative for all patient outcomes.

Mark Winstanley, Chief Executive of Rethink Mental Illness, said:

When people are struggling with their mental health, it can be hard to know where to turn. Charities like Rethink Mental Illness and Mental Health UK offer trusted, user-informed advice and support, built with and regularly reviewed by the people it’s designed to help. Diagnostics Connect will help ensure people get the best possible guidance when they need it most.

Our work in areas like Somerset, Sheffield and Tower Hamlets has shown the positive impact of the NHS working in partnership with charities and community groups to create smoother pathways to care. This initiative is an important step forward, strengthening the third sector’s vital role in complementing the NHS and ensuring people get the support they need.

Deborah Alsina, Chief Executive, Versus Arthritis said:

More than 450,000 people are diagnosed with arthritis every year, so it is essential they can access the right information, care and support swiftly.

As the UK’s leading arthritis charity, we are encouraged by the Government’s new initiative to connect people at the point of diagnosis with expert charities like Versus Arthritis.

Living life in the grip of the pain and fatigue caused by arthritis can leave people isolated and too often kickstart a downward spiralling of both mental and physical health. Early intervention and support at this crucial time will enable people to manage their condition and navigate the health system with greater confidence. We look forward to working with the Government and our partners in the Richmond Group of Charities to deliver this important new service.

Published 17 July 2025

Consultation response on Scope of Fusion Energy National Policy Statement

MIL-OSI United Kingdom: Nuclear fusion boost as government sets to unblock planning rules

Source: United Kingdom – Government Statements

News story

Nuclear fusion boost as government sets to unblock planning rules

Government confirms the UK will be the first country in the world to develop fusion-specific planning rules.

Government backs innovation and growth with plan to develop National Policy Statement to unblock fusion projects
forms part of golden age of nuclear plans through the government’s clean energy superpower mission
UK will become the first country in the world to develop fusion-specific planning rules – helping support thousands of skilled jobs as part of the Plan for Change

New clean energy jobs and growth for British businesses are set to be unlocked as the government confirms the UK will be the first country in the world to develop fusion-specific planning rules.

The plans will see fusion introduced into the Nationally Significant Infrastructure Project regime, putting fusion energy projects on the same footing as other clean energy technologies such as solar, onshore wind and nuclear.

This will drive growth and unlock benefits for places such as Nottinghamshire, Oxfordshire and South Yorkshire where the fusion industry is already supporting thousands of jobs – revitalising industrial heartlands with the clean energy of the future.

Currently, fusion projects must submit an application to the local authority with no set timelines for approval and no guidance on which sites are appropriate – hindering the technology’s development in the UK.

The introduction of a National Policy Statement will provide clarity to developers and streamline the planning process for fusion, giving applicants clearer guidance on where and how quickly projects can be developed. This will give industry certainty, break down regulatory barriers and get projects built quicker to cement the UK’s position at the forefront of the global race for fusion.

The Spending Review also delivered a commitment to invest over £2.5 billion in fusion research and development. This includes progressing with the STEP programme (Spherical Tokamak for Energy Production) which aims to develop and build a world-leading fusion power plant by 2040 in Nottinghamshire, creating thousands of new jobs with the potential to unlock limitless clean power.

A thriving fusion industry in the UK will support the growth of other technologies, including superconductors, robotics and advanced materials, which in turn will provide highly-skilled jobs for British scientists, engineers and construction workers as part of the Plan for Change.

The government’s clean energy mission is the only route to energy security, lower bills and good jobs for the country, and by setting out clearer planning rules for investors, the UK will maintain its optimum position for fusion industry investment.

Energy Secretary Ed Miliband said:

The future of fusion energy starts now. We are backing the builders not the blockers – paving the way for the UK to become a clean energy superpower and ensuring that limitless fusion energy plays a key role in our future clean energy mix.

We are ensuring the clean energy of the future gets built in Britain, supporting the creation of highly skilled jobs and driving growth into our industrial heartlands as part of our Plan for Change.

This clarity for investors follows a major backing of £61.9 billion for clean homegrown power in the Spending Review, in which a golden age of nuclear was confirmed with the selection of Rolls-Royce SMR as the preferred bidder to build the UK’s first small modular reactors and £14.2 billion investment to build Sizewell C.

Developing the fusion NPS will also help fusion energy projects move faster along the process from identifying sites to the start of construction.

This follows the government’s £20 million investment into the ‘Starmaker One’ British fusion investment fund which is expected to unlock £100 million of private investment in the UK – driving economic growth.

Tim Bestwick, CEO, UK Atomic Energy Authority (UKAEA), said:

The inclusion of fusion energy in the Nationally Significant Infrastructure Project regime is a clear indication of the government’s support for fusion.

Fusion promises to be a safe, sustainable part of the world’s future energy supply and the UK has a huge opportunity to become a global hub of fusion and related technology.

Fusion-specific planning rules will help provide certainty about investing in UK fusion developments, and strengthen the UK’s position as a leader in the quest to commercialise fusion energy.

Notes to editors

The government plans to consult on a detailed National Policy Statement for fusion energy by March 2026.

Published 17 July 2025

MIL-OSI: Beam Global and Platinum Group Leadership Attend Formal Signing Ceremony in Abu Dhabi to Create Beam Middle East LLC

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, July 17, 2025 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that management from Beam Global, Beam Europe and the Platinum Group LLC, performed the official signing ceremony creating Beam Middle East in the Emirate of Abu Dhabi, United Arab Emirates (UAE).

As previously reported, Beam Global and the Platinum Group will form a new entity, Beam Middle East LLC, which will sell and manufacture Beam Global’s patented sustainable infrastructure solutions for transportation electrification, energy storage, energy security, and smart city development across the Middle East and African regions. Beam Middle East will be headquartered in Omniah Tower in Masdar City, a pioneering sustainable urban community and world-class business and technology hub, where Platinum Group has recently signed a strategic agreement. Masdar City is located in Abu Dhabi, the capital of the UAE, strategically positioned at the center of the country’s drive toward a net-zero future by 2050.

The official signing ceremony took place today, July 17, in Abu Dhabi. Desmond Wheatley, CEO of Beam Global, signed the agreement on behalf of Beam Global, and Dr. Hanai Atatreh, Group Director, signed on behalf of Platinum Group, in the presence of Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group. Also in attendance were members of Beam Global’s management and board of directors, Platinum Group’s board of directors, members of the press, and regional dignitaries.

“This special occasion marks the formal commencement of our joint venture with the Platinum Group in this very promising region,” said Desmond Wheatley, CEO of Beam Global. “The high quality of the surroundings and attendees bodes well for our future here. We have the right products at the right time in the right place and our new company, formed with the Platinum Group, could not be better positioned. This is a proud day for Beam Global, and I am delighted that we are partnered with such esteemed personages as those in the Platinum Group.”

“The Platinum Group seeks out the highest quality, most timely and relevant companies in each of the industries we target. Beam Global’s unique and patented products are ideally suited to provide value to governments and businesses, as the Gulf region and beyond transitions to clean and sustainable technologies,” Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group. “We are looking forward to ensuring that our new joint venture with Beam Global, forming Beam Middle East, is a highly successful enterprise with wins in the Middle East and increasingly in Africa. With abundant sunshine and fast-growing adoption of electric vehicles (EVs), renewables, and energy storage, the region is perfect for Beam Global’s solutions. Energy security and smart cities solutions like those offered by Beam Middle East are at the forefront of government planning. Our timing is right, and our partnership is formed on mutual benefit from growth and success. We are delighted to have Beam Global as part of our growing family of businesses.”

Photographs and other content related to the signing ceremony will be released by the company shortly.

About Platinum Group LLC
Platinum Group UAE is a diversified, multi-billion-dollar conglomerate operating in energy, real estate, finance and investing, healthcare, information technology, sports and entertainment, food services and legal services in the Emirate of Abu Dhabi, United Arab Emirates. Chaired by His Royal Highness Sheikh Mohammed Sultan Bin Khalifa Al-Nahyan, son of the former ruler of Abu Dhabi, the Group is recognized for its well-established and trusted relationships across government and industry. Platinum Group UAE is headquartered in Abu Dhabi, with offices in Dubai and Sharjah. For more information visit, PlatinumGroupUAE.com.

About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.

Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Media Contact
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com

Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com

MIL-OSI: Texas Capital Bancshares, Inc. Announces Second Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Second quarter 2025 net income of $77.3 million and net income available to common stockholders
of $73.0 million, up 86% and 95%, respectively, year-over-year

Second quarter 2025 EPS of $1.58 per diluted share and adjusted EPS⁽¹⁾of $1.63 per
diluted share, up 98% and 104%, respectively, year-over-year

Strong balance sheet growth with total loans increasing 7% quarter-over-quarter and 10% year-over-year

Book Value and Tangible Book Value⁽²⁾per share both increasing 13% year-over-year, reaching record levels

DALLAS, July 17, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2025.

“Our multi-year focus on building a differentiated, full-service financial services firm has strengthened our client franchise and consistently delivered high-quality outcomes across our platform, driving strong financial performance this quarter,” said Rob C. Holmes, Chairman, President & CEO. “The strategic actions we’ve taken have structurally enhanced our earnings power, and as we enter the second half of the year, the breadth of our capabilities and the strength of our balance sheet position us to deliver durable, through-cycle results for both clients and shareholders.”

	2nd Quarter			1st Quarter			2nd Quarter
(dollars in thousands except per share data)		2025			2025			2024
OPERATING RESULTS
Net income	$	77,328		$	47,047		$	41,662
Net income available to common stockholders	$	73,016		$	42,734		$	37,350
Pre-provision net revenue⁽³⁾	$	117,188		$	77,458		$	78,597
Diluted earnings per common share	$	1.58		$	0.92		$	0.80
Diluted common shares		46,215,394			46,616,704			46,872,498
Return on average assets		0.99	%		0.61	%		0.56	%
Return on average common equity		9.17	%		5.56	%		5.26	%

OPERATING RESULTS, ADJUSTED⁽¹⁾
Net income	$	79,841		$	47,047		$	42,020
Net income available to common stockholders	$	75,529		$	42,734		$	37,708
Pre-provision net revenue⁽³⁾	$	120,475		$	77,458		$	79,059
Diluted earnings per common share	$	1.63		$	0.92		$	0.80
Diluted common shares		46,215,394			46,616,704			46,872,498
Return on average assets		1.02	%		0.61	%		0.57	%
Return on average common equity		9.48	%		5.56	%		5.31	%

BALANCE SHEET
Loans held for investment	$	18,035,945		$	17,654,243		$	16,700,569
Loans held for investment, mortgage finance		5,889,589			4,725,541			5,078,161
Total loans held for investment		23,925,534			22,379,784			21,778,730
Loans held for sale		—			—			36,785
Total assets		31,943,535			31,375,749			29,854,994
Non-interest bearing deposits		7,718,006			7,874,780			7,987,715
Total deposits		26,064,309			26,053,034			23,818,327
Stockholders’ equity		3,510,070			3,429,774			3,175,601

(1) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.
(2) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
(3) Net interest income plus non-interest income, less non-interest expense.

SECOND QUARTER 2025 COMPARED TO FIRST QUARTER 2025

For the second quarter of 2025, net income available to common stockholders was $73.0 million, or $1.58 per diluted share, compared to $42.7 million, or $0.92 per diluted share, for the first quarter of 2025.

Provision for credit losses for the second quarter of 2025 was $15.0 million, compared to $17.0 million for the first quarter of 2025. The $15.0 million provision for credit losses recorded in the second quarter of 2025 resulted primarily from an increase in total loans held for investment (“LHI”) and $13.0 million in net charge-offs, partially offset by a decrease in criticized loans.

Net interest income was $253.4 million for the second quarter of 2025, compared to $236.0 million for the first quarter of 2025, primarily due to increases in average earning assets and earning asset yields, a decrease in average short-term borrowings and the impact of one additional day in the second quarter. Net interest margin for the second quarter of 2025 was 3.35%, an increase of 16 basis points from the first quarter of 2025. LHI, excluding mortgage finance, yields decreased 4 basis points from the first quarter of 2025 and LHI, mortgage finance, yields increased 49 basis points from the first quarter of 2025. Total cost of deposits was 2.65% for the second quarter of 2025, an 11 basis point decrease from the first quarter of 2025.

Non-interest income for the second quarter of 2025 increased $9.6 million compared to the first quarter of 2025 primarily due to increases in investment banking and advisory fees and trading income, partially offset by a $1.9 million loss on sale of available-for-sale debt securities recognized during the second quarter of 2025.

Non-interest expense for the second quarter of 2025 decreased $12.7 million compared to the first quarter of 2025, primarily due to decreases in salaries and benefits, related to the effect of seasonal payroll expenses that peak in the first quarter, and legal and professional expense, partially offset by an increase in other non-interest expense.

SECOND QUARTER 2025 COMPARED TO SECOND QUARTER 2024

Net income available to common stockholders was $73.0 million, or $1.58 per diluted share, for the second quarter of 2025, compared to $37.4 million, or $0.80 per diluted share, for the second quarter of 2024.

The second quarter of 2025 included a $15.0 million provision for credit losses, reflecting an increase in total LHI and $13.0 million in net charge-offs, partially offset by a decline in criticized loans, compared to a $20.0 million provision for credit losses for the second quarter of 2024.

Net interest income increased to $253.4 million for the second quarter of 2025, compared to $216.6 million for the second quarter of 2024, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities. Net interest margin increased 34 basis points to 3.35% for the second quarter of 2025, as compared to the second quarter of 2024. LHI, excluding mortgage finance, yields decreased 44 basis points compared to the second quarter of 2024 and LHI, mortgage finance yields increased 48 basis points from the second quarter of 2024. Total cost of deposits decreased 34 basis points compared to the second quarter of 2024.

Non-interest income for the second quarter of 2025 increased $3.6 million compared to the second quarter of 2024 primarily due to increases in service charges on deposit accounts, trading income and other non-interest income, partially offset by the loss on sale of available-for-sale debt securities mentioned above.

Non-interest expense for the second quarter of 2025 increased $1.9 million compared to the second quarter of 2024, primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by a decrease in marketing expense.

CREDIT QUALITY

Net charge-offs of $13.0 million were recorded during the second quarter of 2025, compared to net charge-offs of $9.8 million and $12.0 million during the first quarter of 2025 and the second quarter of 2024, respectively. Criticized loans totaled $637.5 million at June 30, 2025, compared to $762.9 million at March 31, 2025 and $859.7 million at June 30, 2024. Non-accrual LHI totaled $113.6 million at June 30, 2025, compared to $93.6 million at March 31, 2025 and $85.0 million at June 30, 2024. The ratio of non-accrual LHI to total LHI for the second quarter of 2025 was 0.47%, compared to 0.42% for the first quarter of 2025 and 0.39% for the second quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.40% at June 30, 2025, compared to 1.48% and 1.44% at March 31, 2025 and June 30, 2024, respectively.

REGULATORY RATIOS AND CAPITAL

All regulatory ratios continue to be in excess of “well capitalized” requirements as of June 30, 2025. CET1, tier 1 capital, total capital and leverage ratios were 11.4%, 12.9%, 15.3% and 11.8%, respectively, at June 30, 2025, compared to 11.6%, 13.1%, 15.6% and 11.8%, respectively, at March 31, 2025 and 11.6%, 13.1%, 15.7% and 12.2%, respectively, at June 30, 2024. At June 30, 2025, our ratio of tangible common equity to total tangible assets was 10.1%, compared to 10.0% at March 31, 2025 and 9.6% at June 30, 2024.

During the second quarter of 2025, the Company repurchased 317,860 shares of its common stock for an aggregate purchase price, including excise tax expense, of $21.0 million, at a weighted average price of $65.50 per share.

About Texas Capital Bancshares, Inc.

Texas Capital Bancshares, Inc. (NASDAQ^®: TCBI), a member of the Russell 2000^®Index and the S&P MidCap 400^®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities.

Forward Looking Statements

This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.

Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global or other geopolitical conflicts, or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

TEXAS CAPITAL BANCSHARES, INC.
SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
(dollars in thousands except per share data)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
		2025			2025			2024			2024			2024
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$	439,567		$	427,289		$	437,571		$	452,533		$	422,068
Interest expense		186,172			191,255			207,964			212,431			205,486
Net interest income		253,395			236,034			229,607			240,102			216,582
Provision for credit losses		15,000			17,000			18,000			10,000			20,000
Net interest income after provision for credit losses		238,395			219,034			211,607			230,102			196,582
Non-interest income		54,069			44,444			54,074			(114,771	)		50,424
Non-interest expense		190,276			203,020			172,159			195,324			188,409
Income/(loss) before income taxes		102,188			60,458			93,522			(79,993	)		58,597
Income tax expense/(benefit)		24,860			13,411			22,499			(18,674	)		16,935
Net income/(loss)		77,328			47,047			71,023			(61,319	)		41,662
Preferred stock dividends		4,312			4,313			4,312			4,313			4,312
Net income/(loss) available to common stockholders	$	73,016		$	42,734		$	66,711		$	(65,632	)	$	37,350
Diluted earnings/(loss) per common share	$	1.58		$	0.92		$	1.43		$	(1.41	)	$	0.80
Diluted common shares		46,215,394			46,616,704			46,770,961			46,608,742			46,872,498
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	31,943,535		$	31,375,749		$	30,731,883		$	31,629,299		$	29,854,994
Loans held for investment		18,035,945			17,654,243			17,234,492			16,764,512			16,700,569
Loans held for investment, mortgage finance		5,889,589			4,725,541			5,215,574			5,529,659			5,078,161
Loans held for sale		—			—			—			9,022			36,785
Interest bearing cash and cash equivalents		2,507,691			3,600,969			3,012,307			3,894,537			2,691,352
Investment securities		4,608,628			4,531,219			4,396,115			4,405,520			4,388,976
Non-interest bearing deposits		7,718,006			7,874,780			7,485,428			9,070,804			7,987,715
Total deposits		26,064,309			26,053,034			25,238,599			25,865,255			23,818,327
Short-term borrowings		1,250,000			750,000			885,000			1,035,000			1,675,000
Long-term debt		620,256			660,521			660,346			660,172			659,997
Stockholders’ equity		3,510,070			3,429,774			3,367,936			3,354,044			3,175,601

End of period shares outstanding		45,746,836			46,024,933			46,233,812			46,207,757			46,188,078
Book value per share	$	70.17		$	68.00		$	66.36		$	66.09		$	62.26
Tangible book value per share⁽¹⁾	$	70.14		$	67.97		$	66.32		$	66.06		$	62.23
SELECTED FINANCIAL RATIOS
Net interest margin		3.35	%		3.19	%		2.93	%		3.16	%		3.01	%
Return on average assets		0.99	%		0.61	%		0.88	%	(0.78		)%		0.56	%
Return on average assets, adjusted⁽⁴⁾		1.02	%		0.61	%		0.88	%		1.00	%		0.57	%
Return on average common equity		9.17	%		5.56	%		8.50	%	(8.87		)%		5.26	%
Return on average common equity, adjusted⁽⁴⁾		9.48	%		5.56	%		8.50	%		10.04	%		5.31	%
Efficiency ratio⁽²⁾		61.9	%		72.4	%		60.7	%		155.8	%		70.6	%
Efficiency ratio, adjusted⁽²⁾⁽⁴⁾		61.1	%		72.4	%		60.7	%		62.3	%		70.4	%
Non-interest income to average earning assets		0.72	%		0.60	%		0.69	%	(1.52		)%		0.71	%
Non-interest income to average earning assets, adjusted⁽⁴⁾		0.74	%		0.60	%		0.69	%		0.86	%		0.71	%
Non-interest expense to average earning assets		2.52	%		2.75	%		2.21	%		2.59	%		2.65	%
Non-interest expense to average earning assets, adjusted⁽⁴⁾		2.50	%		2.75	%		2.21	%		2.52	%		2.65	%
Common equity to total assets		10.1	%		10.0	%		10.0	%		9.7	%		9.6	%
Tangible common equity to total tangible assets⁽³⁾		10.1	%		10.0	%		10.0	%		9.7	%		9.6	%
Common Equity Tier 1		11.4	%		11.6	%		11.4	%		11.2	%		11.6	%
Tier 1 capital		12.9	%		13.1	%		12.8	%		12.6	%		13.1	%
Total capital		15.3	%		15.6	%		15.4	%		15.2	%		15.7	%
Leverage		11.8	%		11.8	%		11.3	%		11.4	%		12.2	%

(1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
(2) Non-interest expense divided by the sum of net interest income and non-interest income.
(3) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.
(4) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.

TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(dollars in thousands)
	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
Assets
Cash and due from banks	$	182,451		$	201,504		$	176,501		$	297,048		$	221,727
Interest bearing cash and cash equivalents		2,507,691			3,600,969			3,012,307			3,894,537			2,691,352
Available-for-sale debt securities		3,774,141			3,678,378			3,524,686			3,518,662			3,483,231
Held-to-maturity debt securities		761,907			779,354			796,168			812,432			831,513
Equity securities		68,692			71,679			75,261			74,426			74,232
Trading securities		3,888			1,808			—			—			—
Investment securities		4,608,628			4,531,219			4,396,115			4,405,520			4,388,976
Loans held for sale		—			—			—			9,022			36,785
Loans held for investment, mortgage finance		5,889,589			4,725,541			5,215,574			5,529,659			5,078,161
Loans held for investment		18,035,945			17,654,243			17,234,492			16,764,512			16,700,569
Less: Allowance for credit losses on loans		277,648			278,379			271,709			273,143			267,297
Loans held for investment, net		23,647,886			22,101,405			22,178,357			22,021,028			21,511,433
Premises and equipment, net		86,831			84,575			85,443			81,577			69,464
Accrued interest receivable and other assets		908,552			854,581			881,664			919,071			933,761
Goodwill and intangibles, net		1,496			1,496			1,496			1,496			1,496
Total assets	$	31,943,535		$	31,375,749		$	30,731,883		$	31,629,299		$	29,854,994

Liabilities and Stockholders’ Equity
Liabilities:
Non-interest bearing deposits	$	7,718,006		$	7,874,780		$	7,485,428		$	9,070,804		$	7,987,715
Interest bearing deposits		18,346,303			18,178,254			17,753,171			16,794,451			15,830,612
Total deposits		26,064,309			26,053,034			25,238,599			25,865,255			23,818,327
Accrued interest payable		14,120			25,270			23,680			18,679			23,841
Other liabilities		484,780			457,150			556,322			696,149			502,228
Short-term borrowings		1,250,000			750,000			885,000			1,035,000			1,675,000
Long-term debt		620,256			660,521			660,346			660,172			659,997
Total liabilities		28,433,465			27,945,975			27,363,947			28,275,255			26,679,393

Stockholders’ equity:
Preferred stock, $.01 par value, $1,000 liquidation value:
Authorized shares – 10,000,000
Issued shares⁽¹⁾		300,000			300,000			300,000			300,000			300,000
Common stock, $.01 par value:
Authorized shares – 100,000,000
Issued shares⁽²⁾		517			517			515			515			515
Additional paid-in capital		1,065,083			1,060,028			1,056,719			1,054,614			1,050,114
Retained earnings		2,611,401			2,538,385			2,495,651			2,428,940			2,494,572
Treasury stock⁽³⁾		(354,000	)		(332,994	)		(301,842	)		(301,868	)		(301,868	)
Accumulated other comprehensive loss, net of taxes		(112,931	)		(136,162	)		(183,107	)		(128,157	)		(367,732	)
Total stockholders’ equity		3,510,070			3,429,774			3,367,936			3,354,044			3,175,601
Total liabilities and stockholders’ equity	$	31,943,535		$	31,375,749		$	30,731,883		$	31,629,299		$	29,854,994

⁽¹⁾ Preferred stock – issued shares		300,000			300,000			300,000			300,000			300,000
⁽²⁾ Common stock – issued shares		51,747,305			51,707,542			51,520,315			51,494,260			51,474,581
⁽³⁾ Treasury stock – shares at cost		6,000,469			5,682,609			5,286,503			5,286,503			5,286,503

TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands except per share data)
	Three Months Ended June 30,					Six Months Ended June 30,
		2025		2024			2025		2024
Interest income
Interest and fees on loans	$	364,358		$	345,251	$	698,508		$	676,130
Investment securities		45,991			33,584		92,556			65,728
Interest bearing cash and cash equivalents		29,218			43,233		75,792			97,588
Total interest income		439,567			422,068		866,856			839,446
Interest expense
Deposits		174,798			181,280		349,734			356,880
Short-term borrowings		3,444			12,749		11,690			25,532
Long-term debt		7,930			11,457		16,003			25,443
Total interest expense		186,172			205,486		377,427			407,855
Net interest income		253,395			216,582		489,429			431,591
Provision for credit losses		15,000			20,000		32,000			39,000
Net interest income after provision for credit losses		238,395			196,582		457,429			392,591
Non-interest income
Service charges on deposit accounts		8,182			5,911		16,022			12,250
Wealth management and trust fee income		3,730			3,699		7,694			7,266
Brokered loan fees		2,398			2,131		4,347			4,042
Investment banking and advisory fees		24,109			25,048		40,587			43,472
Trading income		7,896			5,650		13,835			10,362
Available-for-sale debt securities losses		(1,886	)		—		(1,886	)		—
Other		9,640			7,985		17,914			14,351
Total non-interest income		54,069			50,424		98,513			91,743
Non-interest expense
Salaries and benefits		120,154			118,840		251,795			247,567
Occupancy expense		12,144			10,666		22,988			20,403
Marketing		3,624			5,996		8,633			12,032
Legal and professional		11,069			11,273		26,058			27,468
Communications and technology		24,314			22,013		47,956			43,127
Federal Deposit Insurance Corporation insurance assessment		5,096			5,570		10,437			13,991
Other		13,875			14,051		25,429			26,214
Total non-interest expense		190,276			188,409		393,296			390,802
Income before income taxes		102,188			58,597		162,646			93,532
Income tax expense		24,860			16,935		38,271			25,728
Net income		77,328			41,662		124,375			67,804
Preferred stock dividends		4,312			4,312		8,625			8,625
Net income available to common stockholders	$	73,016		$	37,350	$	115,750		$	59,179

Basic earnings per common share	$	1.59		$	0.80	$	2.52		$	1.26
Diluted earnings per common share	$	1.58		$	0.80	$	2.49		$	1.25

TEXAS CAPITAL BANCSHARES, INC.
SUMMARY OF CREDIT LOSS EXPERIENCE
(dollars in thousands)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
		2025			2025			2024			2024			2024
Allowance for credit losses on loans:
Beginning balance	$	278,379		$	271,709		$	273,143		$	267,297		$	263,962
Allowance established for acquired purchase credit deterioration loans		—			—			—			2,579			—
Loans charged-off:
Commercial		13,020			10,197			14,100			6,120			9,997
Commercial real estate		431			500			2,566			262			2,111
Consumer		—			—			—			30			—
Total charge-offs		13,451			10,697			16,666			6,412			12,108
Recoveries:
Commercial		486			483			4,562			329			153
Commercial real estate		—			413			18			—			—
Consumer		—			4			15			—			—
Total recoveries		486			900			4,595			329			153
Net charge-offs		12,965			9,797			12,071			6,083			11,955
Provision for credit losses on loans		12,234			16,467			10,637			9,350			15,290
Ending balance	$	277,648		$	278,379		$	271,709		$	273,143		$	267,297

Allowance for off-balance sheet credit losses:
Beginning balance	$	53,865		$	53,332		$	45,969		$	45,319		$	40,609
Provision for off-balance sheet credit losses		2,766			533			7,363			650			4,710
Ending balance	$	56,631		$	53,865		$	53,332		$	45,969		$	45,319

Total allowance for credit losses	$	334,279		$	332,244		$	325,041		$	319,112		$	312,616
Total provision for credit losses	$	15,000		$	17,000		$	18,000		$	10,000		$	20,000

Allowance for credit losses on loans to total loans held for investment		1.16	%		1.24	%		1.21	%		1.23	%		1.23	%
Allowance for credit losses on loans to average total loans held for investment		1.19	%		1.29	%		1.22	%		1.24	%		1.27	%
Net charge-offs to average total loans held for investment⁽¹⁾		0.22	%		0.18	%		0.22	%		0.11	%		0.23	%
Net charge-offs to average total loans held for investment for last 12 months⁽¹⁾		0.18	%		0.18	%		0.19	%		0.20	%		0.22	%
Total provision for credit losses to average total loans held for investment⁽¹⁾		0.26	%		0.32	%		0.32	%		0.18	%		0.38	%
Total allowance for credit losses to total loans held for investment		1.40	%		1.48	%		1.45	%		1.43	%		1.44	%

(1) Interim period ratios are annualized.

TEXAS CAPITAL BANCSHARES, INC.
NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS
(dollars in thousands)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
		2025			2025			2024			2024			2024
NON-PERFORMING ASSETS
Non-accrual loans held for investment	$	113,609		$	93,565		$	111,165		$	88,960		$	85,021
Non-accrual loans held for sale		—			—			—			—			—
Other real estate owned		—			—			—			—			—
Total non-performing assets	$	113,609		$	93,565		$	111,165		$	88,960		$	85,021

Non-accrual loans held for investment to total loans held for investment		0.47	%		0.42	%		0.50	%		0.40	%		0.39	%
Total non-performing assets to total assets		0.36	%		0.30	%		0.36	%		0.28	%		0.28	%
Allowance for credit losses on loans to non-accrual loans held for investment	2.4x			3.0x			2.4x			3.1x			3.1x
Total allowance for credit losses to non-accrual loans held for investment	2.9x			3.6x			2.9x			3.6x			3.7x

LOANS PAST DUE
Loans held for investment past due 90 days and still accruing	$	2,068		$	791		$	4,265		$	5,281		$	286
Loans held for investment past due 90 days to total loans held for investment		0.01	%		—	%		0.02	%		0.02	%		—	%
Loans held for sale past due 90 days and still accruing	$	—		$	—		$	—		$	—		$	64

CRITICIZED LOANS
Criticized loans	$	637,462		$	762,887		$	713,951		$	897,727		$	859,671
Criticized loans to total loans held for investment		2.66	%		3.41	%		3.18	%		4.03	%		3.95	%
Special mention loans	$	339,923		$	484,165		$	435,626		$	579,802		$	593,305
Special mention loans to total loans held for investment		1.42	%		2.16	%		1.94	%		2.60	%		2.72	%

TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands)

	2nd Quarter			1st Quarter		4th Quarter		3rd Quarter			2nd Quarter
		2025		2025		2024			2024		2024
Interest income
Interest and fees on loans	$	364,358		$	334,150	$	340,388	$	361,407		$	345,251
Investment securities		45,991			46,565		44,102		38,389			33,584
Interest bearing deposits in other banks		29,218			46,574		53,081		52,737			43,233
Total interest income		439,567			427,289		437,571		452,533			422,068
Interest expense
Deposits		174,798			174,936		189,061		190,255			181,280
Short-term borrowings		3,444			8,246		10,678		13,784			12,749
Long-term debt		7,930			8,073		8,225		8,392			11,457
Total interest expense		186,172			191,255		207,964		212,431			205,486
Net interest income		253,395			236,034		229,607		240,102			216,582
Provision for credit losses		15,000			17,000		18,000		10,000			20,000
Net interest income after provision for credit losses		238,395			219,034		211,607		230,102			196,582
Non-interest income
Service charges on deposit accounts		8,182			7,840		6,989		6,307			5,911
Wealth management and trust fee income		3,730			3,964		4,009		4,040			3,699
Brokered loan fees		2,398			1,949		2,519		2,400			2,131
Investment banking and advisory fees		24,109			16,478		26,740		34,753			25,048
Trading income		7,896			5,939		5,487		5,786			5,650
Available-for-sale debt securities losses		(1,886	)		—		—		(179,581	)		—
Other		9,640			8,274		8,330		11,524			7,985
Total non-interest income		54,069			44,444		54,074		(114,771	)		50,424
Non-interest expense
Salaries and benefits		120,154			131,641		97,873		121,138			118,840
Occupancy expense		12,144			10,844		11,926		12,937			10,666
Marketing		3,624			5,009		4,454		5,863			5,996
Legal and professional		11,069			14,989		15,180		11,135			11,273
Communications and technology		24,314			23,642		24,007		25,951			22,013
Federal Deposit Insurance Corporation insurance assessment		5,096			5,341		4,454		4,906			5,570
Other		13,875			11,554		14,265		13,394			14,051
Total non-interest expense		190,276			203,020		172,159		195,324			188,409
Income/(loss) before income taxes		102,188			60,458		93,522		(79,993	)		58,597
Income tax expense/(benefit)		24,860			13,411		22,499		(18,674	)		16,935
Net income/(loss)		77,328			47,047		71,023		(61,319	)		41,662
Preferred stock dividends		4,312			4,313		4,312		4,313			4,312
Net income/(loss) available to common shareholders	$	73,016		$	42,734	$	66,711	$	(65,632	)	$	37,350

TEXAS CAPITAL BANCSHARES, INC.
TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)⁽¹⁾
(dollars in thousands)
	2nd Quarter 2025						1st Quarter 2025						2nd Quarter 2024						YTD June 30, 2025						YTD June 30, 2024
	Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate
Assets
Investment securities⁽²⁾	$	4,573,164	$	45,999	3.93	%	$	4,463,876	$	46,565	4.10	%	$	4,427,023	$	33,584	2.80	%	$	4,518,822	$	92,564	4.01	%	$	4,363,195	$	65,728	2.79	%
Interest bearing cash and cash equivalents		2,661,037		29,218	4.40	%		4,255,796		46,574	4.44	%		3,273,069		43,233	5.31	%		3,454,011		75,792	4.43	%		3,662,348		97,588	5.36	%
Loans held for sale		—		—	—	%		335		2	2.97	%		28,768		683	9.55	%		167		2	2.97	%		39,966		1,867	9.40	%
Loans held for investment, mortgage finance		5,327,559		58,707	4.42	%		3,972,106		38,527	3.93	%		4,357,288		42,722	3.94	%		4,653,577		97,234	4.21	%		3,937,498		74,177	3.79	%
Loans held for investment⁽³⁾		18,018,626		306,142	6.81	%		17,527,070		296,091	6.85	%		16,750,788		301,910	7.25	%		17,774,206		602,233	6.83	%		16,636,438		600,216	7.26	%
Less: Allowance for credit losses on loans		278,035		—	—	%		272,758		—	—			263,145		—	—	%		275,411		—	—			256,541		—	—
Loans held for investment, net		23,068,150		364,849	6.34	%		21,226,418		334,618	6.39	%		20,844,931		344,632	6.65	%		22,152,372		699,467	6.37	%		20,317,395		674,393	6.68	%
Total earning assets		30,302,351		440,066	5.80	%		29,946,425		427,759	5.76	%		28,573,791		422,132	5.86	%		30,125,372		867,825	5.78	%		28,382,904		839,576	5.87	%
Cash and other assets		1,117,118						1,157,184						1,177,061						1,137,040						1,117,763
Total assets	$	31,419,469					$	31,103,609					$	29,750,852					$	31,262,412					$	29,500,667

Liabilities and Stockholders’ Equity
Transaction deposits	$	2,213,037	$	13,731	2.49	%	$	2,163,250	$	13,908	2.61	%	$	2,061,622	$	16,982	3.31	%	$	2,188,282	$	27,639	2.55	%	$	2,034,057	$	33,840	3.35	%
Savings deposits		13,727,095		134,272	3.92	%		13,357,243		133,577	4.06	%		11,981,668		143,173	4.81	%		13,543,190		267,849	3.99	%		11,695,673		279,963	4.81	%
Time deposits		2,361,525		26,795	4.55	%		2,329,384		27,451	4.78	%		1,658,899		21,125	5.12	%		2,345,543		54,246	4.66	%		1,689,112		43,077	5.13	%
Total interest bearing deposits		18,301,657		174,798	3.83	%		17,849,877		174,936	3.97	%		15,702,189		181,280	4.64	%		18,077,015		349,734	3.90	%		15,418,842		356,880	4.65	%
Short-term borrowings		306,176		3,444	4.51	%		751,500		8,246	4.45	%		927,253		12,749	5.53	%		527,608		11,690	4.47	%		919,670		25,532	5.58	%
Long-term debt		649,469		7,930	4.90	%		660,445		8,073	4.96	%		778,401		11,457	5.92	%		654,927		16,003	4.93	%		818,955		25,443	6.25	%
Total interest bearing liabilities		19,257,302		186,172	3.88	%		19,261,822		191,255	4.03	%		17,407,843		205,486	4.75	%		19,259,550		377,427	3.95	%		17,157,467		407,855	4.78	%
Non-interest bearing deposits		8,191,402						7,875,244						8,647,594						8,034,196						8,642,685
Other liabilities		475,724						552,154						537,754						513,728						523,520
Stockholders’ equity		3,495,041						3,414,389						3,157,661						3,454,938						3,176,995
Total liabilities and stockholders’ equity	$	31,419,469					$	31,103,609					$	29,750,852					$	31,262,412					$	29,500,667
Net interest income			$	253,894					$	236,504					$	216,646					$	490,398					$	431,721
Net interest margin					3.35	%					3.19	%					3.01	%					3.27	%					3.02	%

(1) Taxable equivalent rates used where applicable.
(2) Yields on investment securities are calculated using available-for-sale securities at amortized cost.
(3) Average balances include non-accrual loans.

GAAP TO NON-GAAP RECONCILIATIONS

The following items are non-GAAP financial measures: adjusted non-interest income, adjusted non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings/(loss) per common share, adjusted return on average assets, adjusted return on average common equity, adjusted efficiency ratio, adjusted non-interest income to average earning assets and adjusted non-interest expense to average earning assets. These are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The table below provides a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

These non-GAAP financial measures are adjusted for certain items, listed below, that management believes are non-operating in nature and not representative of its actual operating performance. Management believes that these non-GAAP financial measures provide meaningful additional information about Texas Capital Bancshares, Inc. to assist management and investors in evaluating operating results, financial strength, business performance and capital position. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. As such, these non-GAAP financial measures should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP.

Reconciliation of Non-GAAP Financial Measures
(dollars in thousands except per share data)	2nd Quarter 2025			1st Quarter 2025			4th Quarter 2024			3rd Quarter 2024			2nd Quarter 2024
Net interest income	$	253,395		$	236,034		$	229,607		$	240,102		$	216,582

Non-interest income		54,069			44,444			54,074			(114,771	)		50,424
Available-for-sale debt securities losses, net		1,886			—			—			179,581			—
Non-interest income, adjusted		55,955			44,444			54,074			64,810			50,424

Non-interest expense		190,276			203,020			172,159			195,324			188,409
FDIC special assessment		—			—			—			651			(462	)
Restructuring expenses		(1,401	)		—			—			(5,923	)		—
Non-interest expense, adjusted		188,875			203,020			172,159			190,052			187,947

Provision for credit losses		15,000			17,000			18,000			10,000			20,000

Income tax expense/(benefit)		24,860			13,411			22,499			(18,674	)		16,935
Tax effect of adjustments		774			—			—			44,880			104
Income tax expense/(benefit), adjusted		25,634			13,411			22,499			26,206			17,039

Net income/(loss)⁽¹⁾	$	77,328		$	47,047		$	71,023		$	(61,319	)	$	41,662
Net income/(loss), adjusted⁽¹⁾	$	79,841		$	47,047		$	71,023		$	78,654		$	42,020

Preferred stock dividends		4,312			4,313			4,312			4,313			4,312

Net income/(loss) to common stockholders⁽²⁾	$	73,016		$	42,734		$	66,711		$	(65,632	)	$	37,350
Net income/(loss) to common stockholders, adjusted⁽²⁾	$	75,529		$	42,734		$	66,711		$	74,341		$	37,708

PPNR⁽³⁾	$	117,188		$	77,458		$	111,522		$	(69,993	)	$	78,597
PPNR⁽³⁾, adjusted	$	120,475		$	77,458		$	111,522		$	114,860		$	79,059

Weighted average common shares outstanding, diluted		46,215,394			46,616,704			46,770,961			46,608,742			46,872,498
Diluted earnings/(loss) per common share	$	1.58		$	0.92		$	1.43		$	(1.41	)	$	0.80
Diluted earnings/(loss) per common share, adjusted	$	1.63		$	0.92		$	1.43		$	1.59		$	0.80

Average total assets	$	31,419,469		$	31,103,609		$	32,212,087		$	31,215,173		$	29,750,852
Return on average assets		0.99	%		0.61	%		0.88	%	(0.78		)%		0.56	%
Return on average assets, adjusted		1.02	%		0.61	%		0.88	%		1.00	%		0.57	%

Average common equity	$	3,195,041		$	3,114,389		$	3,120,933		$	2,945,238		$	2,857,661
Return on average common equity		9.17	%		5.56	%		8.50	%	(8.87		)%		5.26	%
Return on average common equity, adjusted		9.48	%		5.56	%		8.50	%		10.04	%		5.31	%

Efficiency ratio⁽⁴⁾		61.9	%		72.4	%		60.7	%		155.8	%		70.6	%
Efficiency ratio, adjusted⁽⁴⁾		61.1	%		72.4	%		60.7	%		62.3	%		70.4	%

Average earning assets	$	30,302,351		$	29,946,425		$	31,033,803		$	29,975,318		$	28,573,791
Non-interest income to average earning assets		0.72	%		0.60	%		0.69	%	(1.52		)%		0.71	%
Non-interest income to average earning assets, adjusted		0.74	%		0.60	%		0.69	%		0.86	%		0.71	%
Non-interest expense to average earning assets		2.52	%		2.75	%		2.21	%		2.59	%		2.65	%
Non-interest expense to average earning assets, adjusted		2.50	%		2.75	%		2.21	%		2.52	%		2.65	%

(1) Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense/(benefit). On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted, provision for credit losses and income tax expense/(benefit), adjusted.
(2) Net income/(loss), less preferred stock dividends. On an adjusted basis, net income/(loss), adjusted, less preferred stock dividends.
(3) Net interest income plus non-interest income, less non-interest expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted.
(4) Non-interest expense divided by the sum of net interest income and non-interest income. On an adjusted basis, non-interest expense, adjusted, divided by the sum of net interest income and non-interest income, adjusted.