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South Korea has recently been hit by another surge of lovebugs.

But romance is certainly not in the air for residents of Seoul and neighboring Incheon city, who have been plagued by these pesky insects in recent weeks, as rising temperatures due to climate change spur their spread.

On Friday, dozens of government workers were sent to Gyeyangsan, a mountain west of the capital, to manage an “extremely severe outbreak,” the country’s environment ministry said in a statement.

Videos on social media earlier this week showed scenic hiking trails along the peak transformed into buzzing corridors of chaos.

Footage shows hikers thrashing through swarms of thumbnail-sized bugs, with one person engulfed by the black-winged creatures and another scooping thousands of tiny carcasses from the trail.

In a YouTube video, a man collected thousands of the insects and took them home to make them into hamburgers, which he then appeared to eat.

Where do lovebugs come from?

Lovebugs, known scientifically as Plecia longiforceps, get their nickname from their mating behavior when they fling into each other while flying.

They are found in the subtropics including southeastern China, Taiwan, and Japan’s Ryukyu Islands. They also occur in parts of Central America and the southern United States, including Texas and Florida.

First detected in South Korea in 2015, they are believed to have arrived there from southern China, according to the environment ministry. Since 2022, they have appeared in and around Seoul, particularly port areas, between June and July, it added.

Why are they spreading?

Experts say climate change and warming temperatures are helping drive lovebugs northward into areas such as Seoul and Incheon.

While global warming is a planet-wide issue, scientists have identified Seoul as an area where temperatures are rising at a faster pace than in other parts of the world.

This is worsened by the city’s heat-island effect, where temperatures are much higher than in nearby rural areas due to man-made structures absorbing and holding more heat.

“With climate change increasing ecological instability, we must remain vigilant throughout the summer,” Kim Tae-o, director of the environment ministry, said.

Are they harmful?

Lovebugs do not transmit diseases or sting humans. However, there have been increasing public complaints about them sticking to car windows and the walls of houses, restaurants and subway trains.

So far, officials have advised local workers and residents to combat swarms by spraying water or using sticky pads instead of chemical pesticides.

Where could they spread next?

Populations are expanding in the northwest of South Korea, however any further potential spread remains unknown.

“Compared with the past two years, the number of lovebugs sharply surged last weekend at the mountain,” Gyeyang district official Wang Hyeon-jeong said on Tuesday.

Areas with a warm, humid climate could attract them, being favorable conditions for their survival and reproduction.

What’s next for South Korea?

The city government of Seoul views the lovebugs as “ecologically beneficial,” posing no health risk to humans and helping pollinate flowers as their larvae convert plant materials into organic components.

However, local media reports that complaints to the city have more than doubled, increasing from 4,418 in 2023 to 9,296 last year, according to the Seoul Metropolitan Government.

On Friday, environment ministers agreed to strengthen and invest more in response procedures after the latest outbreak, which it described as “extremely severe.”

“We will closely monitor the situation and work with local authorities from the early stages of any outbreak,” Kim said.

But natural population control is reportedly setting in, as birds such as sparrows and magpies learn to eat the bugs, causing their numbers to fall.

This post appeared first on cnn.com

The Supreme Court ended its term last week, but the justices aren’t done yet, partly due to a legal blitz President Donald Trump has strategically deployed in his second term, one that’s proven surprisingly effective in advancing his sweeping agenda.

Lawyers for the Trump administration filed their 20th emergency application to the Supreme Court Thursday in just a 23-week period. 

The dizzying pace of applications comes as the administration looks to advance some of Trump’s sweeping policy actions. And, in many cases, the court’s 6-3 majority has given the administration the green light to proceed. 

The high court has ruled in Trump’s favor in the majority of emergency applications, allowing the administration to proceed with its ban on transgender service members in the military, its termination of millions of dollars in Education Department grants and its firing of probationary employees across the federal government, among many other actions.

Like most emergency orders, the rulings are often unsigned, giving little indication what the justices might be thinking.

Emergency applications — and the Supreme Court’s responses — aren’t meant to offer lasting relief. But Trump has found success using a ‘move fast and break things’ strategy to push key requests through the court’s so-called ‘shadow’ docket.

For context, Trump has filed more emergency applications in five months than his predecessors did in years. Former President Joe Biden submitted just 19 over his entire term, while presidents Obama and George W. Bush filed only eight combined during their time in office.

In the interim, the strategy has allowed him to enforce many of the sweeping executive orders he signed upon taking office. These orders were met with hundreds of lawsuits across the country and blocked by many lower courts, prompting the administration to appeal them, again and again, through the federal judiciary. 

For now, those near-term wins have energized Trump allies, allowing them to press forward with a blitz of executive actions and claim ‘victory,’ however temporary. The approach allows Trump to advance major policy priorities without relying on a slow-moving Congress.

This post appeared first on FOX NEWS

North Korean officials accused the U.S. Department of Justice (DOJ) of running ‘an absurd smear campaign’ after announcing that it had unraveled several schemes by the Democratic People’s Republic of North Korea (DPRK) to fund the regime through remote information technology work for U.S. companies.

Earlier this week, the DOJ said North Korean actors were helped by individuals in the U.S., China, the United Emirates and Taiwan to obtain employment with over 100 U.S. companies, including Fortune 500 companies.

The scheme allegedly involved the workers getting laptops from the companies that hired them and allowing remote North Korean IT workers to remotely access the computers. In another scheme, North Korean IT workers used false identities to gain employment with a blockchain research and development company in Atlanta, Georgia, and steal over $900,000 in virtual currency.

As part of its announcement about the North Korean scheme, the DOJ unsealed a five-count indictment against Zhenxing Wang, a U.S. national living in New Jersey, who has since been arrested.

Wang and his co-conspirators, the DOJ said, obtained remote IT work with U.S. companies and generated over $5 million in revenue.

Also charged in the indictment are Chinese nationals Jing Bin Huang, Baoyu Zhou, Tong Yuze, Yongzhe Xu, Ziyou Yuan and Zhenbang Zhou. Taiwanese nationals Mengting Liu and Enchia Liu were also charged in the indictment.

Also indicted was U.S. national Kejia ‘Tony’ Wang, also of New Jersey, who was charged separately.

North Korean news agency KCNA reported that a spokesperson for the DPRK Foreign Ministry lambasted the U.S. judicial system for its actions against DPRK citizens on the suspicion of a cybercrime.

‘The recent incident is an absurd smear campaign and grave violation of sovereignty aimed at tarnishing the image of our state as it is a continuation of the hostile move of the successive U.S. administrations that have talked much about the non-existent ‘cyber threat’ from the DPRK,’ the spokesperson reportedly said. ‘The Foreign Ministry of the DPRK expresses serious concern over the U.S. judicial authorities’ provocation which is threatening and encroaching on the security, rights and interests of our citizens by fabricating the groundless ‘cyber’ drama, and strongly denounces and rejects it.’

The spokesperson accused the U.S. of creating ‘international cyberspace instability,’ and not the DPRK.

‘The U.S. has long been posing a constant threat to the cybersecurity of the DPRK and other sovereign states by making cyber space a scene of battle and abusing the cyber issue as a political weapon to tarnish the image of other countries and impair the exercise of their legitimate rights,’ the spokesperson said. 

‘The Democratic People’s Republic of Korea has the right to take a proper and proportionate countermeasure to thoroughly protect the security and rights of its citizens from the judicial enforcement for a sinister political purpose, and to call to strict legal account the outsiders who took malicious action,’ the spokesperson concluded.

The DOJ said the indictment alleges that from 2021 and through most of 2024, the defendants and other co-conspirators compromised the identities of over 80 people in the U.S. to obtain remote jobs at more than 100 companies. As a result, the victim companies incurred legal fees, computer network remediation costs and other damages and losses to the tune of at least $3 million.

Kejia and Zhenxing, along with at least four other U.S. facilitators, allegedly helped overseas IT workers with various parts of the scheme.

Kejia and Zhenxing allegedly established shell companies with websites and financial accounts to make it appear as though the overseas IT workers were affiliated with legitimate businesses in the U.S. Once established, the two allegedly received money from U.S. companies, and the funds were transferred to co-conspirators overseas.

In exchange for their services, Kejia, Zhenxing and the other four conspirators in the U.S. received at least $696,000 from the IT workers.

The DOJ said one of the companies the schemers allegedly accessed data from was a defense contractor that develops artificial intelligence-powered equipment and technology. By accessing the company’s data, the schemers were privy to International Traffic in Arms Regulations (ITAR), the DOJ said.

The DOJ also announced that the FBI and Defense Criminal Investigative Service (DCIS) seized 17 web domains used as part of the scheme, along with 29 financial accounts holding tens of thousands of dollars, used to launder revenue for the North Korean regime.

The DOJ unveiled another part of the scheme, which resulted in a five-count wire fraud and money laundering indictment against four North Korean nationals: Kim Kwang Jin, Kang Tae Bok, Jong Pong Ju and Change Nam II.

The suspects are accused of scheming to steal virtual currency from two companies, with a value of over $900,000 at the time of the thefts, and to launder the proceeds.

All four nationals, the DOJ said, are at large and wanted by the FBI.

This post appeared first on FOX NEWS

Speaking to a crowd of supporters in Iowa on Thursday night, President Donald Trump announced that the military flight team that launched the strikes on Iran’s nuclear facilities will be honored at the White House on Independence Day.

Trump said that he took issue with early media reports suggesting that the strikes on Iran only partially damaged the targets because he considered it an insult to the ‘great’ American military members who executed the mission.

Remember when CNN said it wasn’t obliterated? It was maybe damaged or damaged badly, but obliterated is too strong a word. No, it was obliterated. That’s now been proven,’ said Trump.

They were trying to demean me by saying that, but they were really demeaning those great pilots and people and mechanics that got those planes over there and were able to shoot from high up in the air, going very, very fast, with potentially a lot of things being shot at them, and hit every single one,’ he said. ‘They’re trying to demean me, but to me, they were demeaning them. And they got out of the plane, and they said, ‘What? We hit every single target.’ They know better than anybody.’

These people did one of the greatest military hits and maneuvers in the history of our country, and I want them to be appreciated for it,’ the president went on. ‘So, they’re coming. They’re coming to the White House tomorrow night.’

They’re going to be in Washington tomorrow at the White House, and we’re going to be celebrating.’

Trump said the White House will host not only the pilots, but the entire flight crew, including ‘the people that flew the other planes’ and ‘the mechanics that had these planes going for 37 hours without a stop.’

China, Russia, they were all watching. Everybody was watching,’ he said. ‘We have the greatest equipment anywhere in the world. We have the greatest people anywhere in the world, and we have the strongest military anywhere in the world.’

During his address on Thursday, Trump also claimed that Iran called ahead of their retaliatory strike on the U.S. military base in Qatar to clear the attack with the White House.

They called me to tell me they have to take a shot at us. This was Iran. Very respectful. That means they respect us because we dropped 14 bombs. They said we’d like to take 14 shots at you. I said, ‘Go ahead, I understand,’’ he said.

‘They said where they would do it. I said, ‘Good.’ We emptied out the fort. It was a beautiful military base in Qatar who treated us really fantastically well,’ he said.

Trump claimed that Iran went so far as to ask what time of day would be acceptable for their retaliatory strike.

‘They said, ‘Sir, is 1:00 okay?’ I said it was fine, [they said], ‘We could make it later.’ And we had nobody but four gunners,’ he said. So, all of a sudden, they said, ‘We’re ready.’ And they were a little nervous about doing it. I want to tell, you can you imagine, they were nice enough – this is Iran – to call me and tell me that they would like to shoot me at 14 times, so they want to shoot us. And I said, go ahead. And they shot 14 high grade, very fast missiles every single one of them was shot down routinely by these four unbelievable gunmen. And they did their job. And that was the end of that.’

This post appeared first on FOX NEWS

The first time I remember celebrating the Fourth of July was during the American bicentennial in 1976. As children living in New York City, my parents woke my sisters and I up early to see the Parade of Tall Ships as it entered the Hudson River. Even as a kid, this magnificent display conveyed to me a sense of the grand power of the U.S. The extraordinary event also offered me another feeling: that America, my home country, would do anything and everything in its power to keep me, my family, and indeed, all of its citizens, safe.

This Fourth of July, Americans will find themselves in two very different realities. Most will be surrounded by family and friends, enjoying baseball, hot dogs and ice cream cones. But for my American family, as well as dozens of other families of hostages, this day will be a stark contrast. On this day that celebrates freedom, my son Itay will spend the Fourth of July like he has the last 637 days – likely alone, in the cold, dark tunnels of Hamas in Gaza. He and 49 other hostages remain stripped of their freedom, while their families are in limbo, not able to embrace the holiday of independence. We need to remember, especially on this day, that Hamas is still holding Americans hostage, and 50 hostages in total.

On this day, we must look past the haze of fireworks and remember that the Fourth of July is about something more. It’s about celebrating our hard-fought, long-defended freedom and knowing that an attack on the freedom of any American – and taking them hostage – is an attack on the freedom of us all. Taking U.S. citizens as hostages should be a liability, not an asset, with severe consequences attached. So long as Hamas holds U.S. citizens, we are letting evil and terrorism win.

My son was 19 when he was taken hostage. On this Independence Day, he can no longer watch the Mets games with his brothers, something he loved and cherished. He can no longer try to strike me out in the neighborhood pickup game, or check in every five minutes at the grill asking when the food will be ready. On this Independence Day, his lack of freedom rings loudly.

This Fourth of July, my family and I will wake up again to the same nightmare we do every day, where every moment begs the same agonizing question: Where is my son, and what can we do to get him back?

Right now, all of our energy is focused on one thing. As every parent knows, when your child disappears from your sight – even for a few moments at a playground or store – panic sets in instantly. But when your child is kidnapped, especially by terrorists, the only thing you can think about is getting them back, whatever their condition. Until we can embrace Itay again, we cannot even begin to process what lies ahead or plan for the future. It’s impossible to move forward when this remains an open wound.

After the historic wins over Iran, Hezbollah, and yes, Hamas, now is the time for us to pause and adopt President Donald Trump’s policy of ‘Peace Through Strength.’ It is time for Israeli Prime Minister Benjamin Netanyahu to collaborate with the U.S. and bring the hostages back. The U.S. was successful last month in bringing New Jersey native Edan Alexander back home, independent of Israel, but it needs Israel to bring the remaining others out.

No fan of half-measures, President Trump is in a prime position to pull off the ‘Big Beautiful Deal,’ a comprehensive diplomatic initiative which would end hostilities in both Iran and Gaza, secure the release of all 50 remaining hostages in Gaza – including my son – and help stabilize the entire Middle East through a carefully negotiated framework.

President Trump is uniquely positioned to drive such an initiative forward. During his previous presidency, he successfully brokered the Abraham Accords, achieving what many had previously considered near impossible normalization between Israel and several Arab nations. The Big Beautiful Deal would be a direct extension of this diplomatic milestone, offering a more comprehensive and regional approach to peacemaking. The president’s unorthodox style has demonstrated that breakthroughs are possible even in the most entrenched conflicts.

America defined the values of freedom and human dignity that we celebrate on the Fourth of July. They didn’t come easily – we had to fight for them, good versus evil – and our continued defense of democracy is an essential part of the American identity.

In the last few months, my family has met Vice President JD Vance, FBI Director Kash Patel, Attorney General Pam Bondi and others who promise us that President Trump’s policy of ‘America First’ is not hollow words and ‘America First’ prioritizes the release of American hostages and those unlawfully detained all around the world, including Gaza. 

To date, the Trump administration has been able to release 47 such Americans, and we pray Itay will be one of them as well soon. This Fourth of July, keep in mind that there was an attack on our freedom on Oct. 7, and fellow Americans remain in captivity. I call on President Trump: Do everything in your power to quash terrorism, and ensure that freedom wins the day with the release of the hostages.

This post appeared first on FOX NEWS

In the wake of the 12-day war between Israel and Iran, the regime appears to be turning inward — escalating repression with chilling speed. 

According to Kasra Aarabi, director of IRGC research at United Against Nuclear Iran, the Islamic Republic is accelerating toward what he said is a ‘North Korea-style model of isolation and control.’

‘We’re witnessing a kind of domestic isolation that will have major consequences for the Iranian people,’ Aarabi told Fox News Digital. ‘The regime has always been totalitarian, but the level of suppression now is unprecedented. It’s unlike anything we’ve seen before.’

A source inside Iran confirmed to Fox News Digital that ‘the repression has become terrifying.’

Aarabi, who maintains direct lines of contact in Iran, described a country under siege by its own rulers. In Tehran, he described how citizens are stopped at random, their phones confiscated and searched. ‘If you have content deemed pro-Israel or mocking the regime, you disappear,’ he said. ‘People are now leaving their phones at home or deleting everything before they step outside.’

This new wave of paranoia and fear, he explained, mirrors tactics seen in North Korea — where citizens vanish without explanation and information is tightly controlled. During the recent conflict, Iran’s leadership imposed a total internet blackout to isolate the population, blocking Israeli evacuation alerts, and pushed propaganda that framed Israel as targeting civilians indiscriminately.

‘It was a perverse objective,’ Aarabi said, adding, ‘They deliberately cut communications to instill fear and manipulate public perception. For four days, not a single message went through. Even Israeli evacuation alerts didn’t reach their targets.’

The regime’s aim, he said, was twofold: to keep people off the streets and erode the surprising bond that had formed between Iranians and Israelis. ‘At the start of the war, many Iranians welcomed the strikes,’ Aarabi noted. ‘They knew Israel was targeting the IRGC — the very forces responsible for suppressing and killing their own people. But once the internet was cut and fear set in, some began to question what was happening.’

Dr. Afshon Ostovar, a leading Iran scholar and author of ‘Vanguard of the Imam: Religion, Politics, and Iran’s Revolutionary Guards,’ said domestic repression remains the regime’s most reliable strategy for survival. 

‘Repressing the people at home is easy. That’s something they can do. So it’s not unlikely that Iran could become more insular, more autocratic, more repressive — and more similar to, let’s say, a North Korea — than what it is today. That might be the only way they see to preserve the regime: by really tightening the screws on the Iranian people, to ensure that the Iranian population doesn’t try to rise up and topple the regime,’ he told Fox News Digital.

Inside the regime’s power structure, the fallout from the war is just as severe. Aarabi said that the Islamic Revolutionary Guard Corps (IRGC) is facing an internal crisis of trust and an imminent purge. ‘These operations couldn’t have taken place without infiltration at the highest levels,’ he said. ‘There’s immense pressure now to clean house.’

The next generation of IRGC officers — those who joined after 2000 — are younger, more radical and deeply indoctrinated. Over half of their training is now ideological. Aarabi said that these newer factions have begun turning on senior commanders, accusing them of being too soft on Israel or even collaborating with Mossad.

‘In a twist of irony, Khamenei created these extreme ideological ranks to consolidate power — and now they’re more radical than he is,’ Aarabi said. ‘He’s struggling to control them.’

A purge is likely, along with the rise of younger, less experienced commanders with far higher risk tolerance — a shift that could make the IRGC more volatile both domestically and internationally. With Iran’s conventional military doctrine in ruins, terrorism may become its primary lever of influence.

‘The regime’s three pillars — militias, ballistic missiles, and its nuclear program — have all been decapitated or severely degraded,’ Aarabi said. ‘That leaves only asymmetric warfare: soft-target terrorism with plausible deniability.’

Despite the regime’s brutal turn inward, Aarabi insists this is a sign of weakness, not strength. ‘If the Islamic Republic were confident, it wouldn’t need to crush its people this way,’ he said. ‘It’s acting out of fear. But until the regime’s suppressive apparatus is dismantled, the streets will remain silent — and regime change remains unlikely.’

This post appeared first on FOX NEWS

Bert Dohmen, founder and CEO of Dohmen Capital Research, sees physical gold and silver as key safe havens as a potential bull trap in the broad stock market plays out.

‘We said we’re probably going to go to a new high in a major, widely watched index like the S&P 500 (INDEXSP:.INX). It’s going to be by a small amount a new high, and that’s going to close the bull trap,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the ‘Corporation‘) is pleased to announce that it has completed a second closing (the ‘Second Closing‘) of its previously announced financing pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the ‘LIFE Offering‘) and concurrent private placement (the ‘Private Placement‘ and together with the LIFE Offering, the ‘Offerings‘) of up to an aggregate of 12,820,512 units (each, a ‘Unit‘) at a price of $0.78 per Unit for aggregate gross proceeds of up to $10,000,000 (comprised of $5,000,000 under the LIFE Offering and $5,000,000 under the Private Placement). Each Unit consists of one common share in the capital of the Corporation (each a ‘Common Share‘) and one Common Share purchase warrant (each a ‘Warrant‘). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units.

CoTec is also pleased to note that the aggregate target of $10,000,000 under the Offerings are now fully subscribed for and that the Corporation will be closing the financing on or around July 9, 2025 to allow for subscription agreements received but not yet finalised to be processed.

Pursuant to the Second Closing, the Corporation issued a total of 2,306,753 Units for aggregate gross proceeds of $1,799,270.36 under the LIFE Offering and 1,080,723 Units for aggregate gross proceeds of $842,964.90 under the Private Placement. Together with the initial closing under the Offerings, the Corporation has issued an aggregate total of 5,039,065 Units for aggregate gross proceeds of $3,930,474.27 under the LIFE Offering and 5,027,854 Units for aggregate gross proceeds of $3,921,728.72 under the Private Placement. The Corporation will use the net proceeds of the Offerings to fund the detailed design and engineering at HyProMag USA LLC, the Corporation’s drilling program at its Lac Jeannine property, further investment obligations and for general corporate purposes.

In connection with the Second Closing, the Corporation paid cash fees and compensation warrants (‘Compensation Warrants‘) to certain agents and finders as follows: $70,540.47 and 90,437 Compensation Warrants to ECM Capital Advisors Ltd.; $6,000.00 and 7,692 Compensation Warrants to Odeon Capital Group LLC; $40,799.91 and 52,308 Compensation Warrants to Integrity Capital Group Inc.; and $12,237.12 and 15,689 Compensation Warrants to INTE Securities LLC.

All securities issued to investors in connection with the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.

About CoTec

CoTec is a publicly traded investment issuer listed on the TSXV and the OTCQB and trades under the cymbol CTH and CTHCF respectively. CoTec is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employes a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.

For more information, please visit www.cotec.ca.

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company, its exepctations regarding the final closing of the Offerings, its investments and the Offerings which are not historical facts are ‘forward-looking statements’ that involve risks and uncertainties, including statements relating to management’s expectations with respect to its current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results in each case could differ materially from those currently anticipated in such statements, due to known an unknown risks and uncertainties affecting the Company, including by not limited to: general economic, political and market factors in North America and internationally, interest and foreign exchange rates, changes in costs of goods and services, global equity and capital markets, business competition, technological change, changes in government relations, industry conditions, unexpected judicial or regulatory proceedings and catastrophic events. The Company’s investments are being made in mineral extraction related assets and technologies which are subject to their own inherent risks and the success of such Investments may be adversely impacted by, among other things: environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social disruptions. As the investments are being made in mineral extraction technology, such investments will also be subject to risks of successful application, scaling and deployment of technology, acceptability of technology within the industry, availability of assets where technology could be applied, protection of intellectual property in relation to such technology, successful promotion of technology and success of competitor technology. Any material adverse change in the Company’s financial position or a failure by the Company to successfully make investments in the manner currently contemplated, could have a corresponding material adverse change on the investments and, by extension, the Company.

For further details regarding risks and uncertainties facing the Company, please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022 and its other continuous disclosure documents, copies of which may be found under the Company’s SEDAR+ profile at www.sedarplus.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this press release and are encouraged to read the Company’s continuous disclosure documents, which are available on SEDAR+ at www.sedarplus.ca.

For further information, please contact:

Braam Jonker – (604) 992-5600

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

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) to receive an Investor Presentation

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Company reinforces strategic pivot to carbon credit market with expanded global footprint and verified removals

Hempalta Corp. (TSXV: HEMP) (‘Hempalta’ or the ‘Company’), a Canadian-based provider of nature-based carbon credit solutions, is pleased to announce that Farm Credit Canada (‘FCC’) has granted a 90-day extension to its current forbearance agreement (the ‘Extension’). The Extension runs to September 30, 2025, providing the Company with critical flexibility as it advances several strategic initiatives, including a planned equipment sale, ongoing carbon credit inventory sales, and new investor engagement efforts.

‘We appreciate the additional runway this extension provides as we focus on delivering value for our stakeholders through our monetization plan and the continued growth of our carbon-first strategy under the Hemp Carbon Standard,’ said Darren Bondar, President and CEO of Hempalta.

2024 Carbon Credits Certified by Control Union

Hempalta is pleased to announce that its 2024 carbon credit inventory has now been fully certified by third-party auditor Control Union. A total of 29,448 Verified Carbon Credits (‘VCCs’) were issued under the Company’s ISO 14064-2 certified methodology, bringing its total verified carbon sequestration to 44,773 tonnes of CO₂ over the past two years.

The 2024 program included:

  • 38 farms across 209 sites
  • 12,669 monitored acres
  • Global operations spanning Canada, USA, UK, Ukraine, Sweden, Germany, and Australia

Hempalta continues to deploy advanced MRV technology, including remote sensing, satellite monitoring, and AI-based data aggregation to ensure transparency and scientific integrity.

Forward Outlook

With the Extension and the completion of its 2024 credit certification, Hempalta is now well-positioned to accelerate the sale of its current processing equipment and execute the next phase of its carbon-first growth strategy.

The Company continues to advance its 25,000-acre Alberta hemp and biochar carbon removal program, which is projected to generate 100,000 verified carbon credits annually. This initiative represents one of Canada’s largest nature-based carbon projects, and Hempalta is actively seeking strategic partners and long-term offtake buyers to support its multi-year scaling efforts.

In parallel, Hempalta’s 2025 monitoring and field data collection is already underway across farms in Canada, USA, UK, Ukraine, Sweden, Germany, and Australia. ‘The market is demanding higher-integrity removal credits, and that’s exactly what we deliver,’ said Bondar. ‘Our expanded global footprint, certified methodologies, and growing buyer interest position us to lead the next generation of nature-based carbon solutions.’ Organizations interested in partnering or purchasing credits can contact: carboncredits@hempalta.com.

About Hempalta Corp.

Hempalta Corp. (TSXV: HEMP) is advancing scalable, nature-based carbon removal through industrial hemp and on-farm biochar deployment. Through its subsidiary Hemp Carbon Standard, the Company provides ISO-certified carbon credits verified via AI, satellite monitoring, and blockchain infrastructure.

Media Contact:
Darren Bondar
CEO, Hempalta Corp.
invest@hempalta.com
www.hempalta.com | www.hempcarbonstandard.org | www.trustedcarbon.org |

TSXV: HEMP

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 press release.

Forward-Looking Information

This news release contains statements and information that, to the extent they are not historical fact, may constitute ‘forward-looking information’ within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as ‘expects,’ ‘plans,’ ‘continues,’ ‘intends,’ ‘anticipates,’ ‘potential,’ ‘aims,’ ‘will,’ and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts.

Forward-looking information in this news release includes, but is not limited to, statements regarding: the Company’s ability to secure new strategic partnerships; the Company focusing on nature-based carbon credit generation; the Company scaling carbon credit issuance, including its Alberta-based program targeting 100,000 credits annually; the successful sale of verified 2024 carbon credits; the success of the 2025 monitoring program; the Company’s ability to complete its planned equipment sale; the ongoing support from Farm Credit Canada during the forbearance period; the Company seeking to establish multi-year offtake agreements; and Hempalta’s focus on unlocking long-term value through its pivot to carbon markets, including the development of a scalable platform to support nature-based climate solutions.

Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to: continued support from major shareholders and new investors; demand for nature-based carbon removal credits; successful onboarding of additional farmers and Indigenous partners; favorable regulatory conditions; availability and deployment of biochar systems at scale; supportive market conditions and regulatory alignment in Alberta and internationally; the Company’s ability to maintain forbearance terms and execute its strategic plan; and the successful certification and sale of carbon credits.

Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct or that any of the events anticipated will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.

Actual results may vary from those currently anticipated due to a number of factors and risks, including, but not limited to: economic conditions and capital market volatility; changes in carbon credit market demand or pricing; regulatory changes; operational risks, including the ability to implement the Hemp Carbon Standard program at scale; the Company’s limited financial resources and ongoing need for capital; the risk that the Company may not generate sufficient revenue or complete its asset sale; delays in technology deployment or verification; inability to retain key personnel; and weather-related challenges impacting hemp cultivation.

The forward-looking information included in this news release is made as of the date of this release and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events, or otherwise, except as required by applicable law.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257753

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