• Trilogy holds a 50% interest in Ambler Metals LLC, advancing the high-grade Upper Kobuk Mineral Projects (“UKMP”) in Alaska’s Ambler Mining District
• The Arctic deposit hosts 46.7 million tonnes of probable reserves grading 2.11% copper, supported by a 2023 feasibility study with a $1.5 billion pre-tax NPV
• Recent Preliminary Economic Assessment at Bornite outlines resources with the potential to extend mining operations at the UKMP beyond 30 years

Global demand for critical minerals is rising sharply as electrification, renewable energy, and emerging technologies accelerate. Copper has become central to this transition, with demand projected to outpace supply for decades. Many producing mines are seeing grades decline, while new projects often face long development timelines. As a result, high-grade resources in stable jurisdictions have become increasingly valuable for securing future supply chains.

Against this backdrop, Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) is positioned as a key North American developer. The company, through its 50/50 joint venture with South32, controls the Upper Kobuk Mineral Projects (“UKMP”) in Alaska’s Ambler Mining District, considered one of the richest undeveloped copper-dominant regions globally.

Arctic Deposit Anchors Near-Term Development

The Arctic volcanogenic massive sulphide (“VMS”) deposit remains Trilogy’s most advanced project. A 2023 feasibility study highlighted 46.7 million tonnes of probable mineral reserves, grading 2.11% copper, 2.9% zinc, 0.56% lead, 0.42 g/t gold, and 31.8 g/t silver. The study outlined a $1.5 billion pre-tax net present value and a 22.8% after-tax internal rate of return, underscoring the robust economics.

The Arctic project is designed as an open-pit mine with conventional milling operations, producing copper, zinc, and lead concentrates containing significant precious metals by-products. With permitting and infrastructure planning advancing, Arctic represents a potential cornerstone asset to meet future North American copper needs.

Bornite Adds Scale and Longevity

Beyond Arctic, Trilogy is advancing the Bornite project, a carbonate hosted copper-cobalt deposit located within the same district. A Preliminary Economic Assessment completed in 2025 outlined mine expansion potential at the Upper Kobuk Mineral Projects. Bornite contains an inferred resource of 6.5 billion pounds of copper and cobalt mineralization, materials essential to electric vehicles, grid storage, and clean energy technologies.

When combined with Arctic, Bornite could underpin a district-scale mining hub with operations spanning more than 30 years. This scale enhances the economic case for regional infrastructure, particularly the proposed Ambler Access Road that would connect the district to Alaska’s highway system.

Partnerships and Regional Collaboration

Trilogy’s ability to advance these projects is strengthened by its partnerships. The joint venture with South32, a global diversified miner, provides both financial support and technical expertise. Meanwhile, its longstanding agreement with the NANA Regional Corporation, an Alaska Native Corporation, establishes a framework for exploration and potential development that aligns with local communities and shareholders.

This collaborative approach is essential in Alaska, where balancing economic development with subsistence practices and environmental stewardship is central to maintaining community support and advancing permitting processes.

Strong Financial Position and Flexibility

As of mid-2025, Trilogy reported more than $24 million in cash and no debt, alongside access to capital through a $50 million base shelf prospectus and a $25 million at-the-market program. This financial flexibility allows the company to continue advancing technical studies, permitting, and exploration while maintaining a disciplined balance sheet.

Positioned for a Tightening Market

With copper demand intensifying from electric vehicles, renewable energy systems, and data centers, Trilogy’s assets represent a strategic opportunity. Few undeveloped districts in the world combine the grade, scale, and jurisdictional stability found at the UKMP.

By advancing the Arctic and Bornite projects in partnership with South32 and NANA, Trilogy is positioning itself to supply essential minerals at a time when securing domestic sources has become a national priority for the United States.

For more information, visit www.TrilogyMetals.com.

NOTE TO INVESTORS: The latest news and updates relating to TMQ are available in the company’s newsroom at ibn.fm/TMQ

• Safe Pro signs Memoranda of Understanding with Ondas Holdings and Unusual Machines.
• Agreements follow a recent $8 million private placement with both drone firms.
• Integration will focus on Safe Pro’s patented Safe Pro Object Threat Detection (“SPOTD”) AI-powered computer vision technology.
• SPOTD has already analyzed more than 1.78 million drone images, identifying over 31,600 threats in Ukraine.
• The collaboration targets defense, homeland security, and global commercial markets, including NATO partners and humanitarian demining.
• Safe Pro’s scalable technology can be deployed in real time via drones or on cloud platforms through AWS.

Safe Pro Group (NASDAQ: SPAI), an emerging provider of AI-powered security and threat detection solutions, announced new partnerships with U.S. drone companies Ondas Holdings Inc. (NASDAQ: ONDS) and Unusual Machines Inc. (NYSE: UMAC), aimed at integrating artificial intelligence-powered threat detection into next-generation aerial platforms (https://ibn.fm/1B3YM).

The agreements, set out in signed Memoranda of Understanding, are designed to combine Safe Pro’s patented AI-driven computer vision tools with the hardware and software of its new partners. The move comes shortly after Safe Pro closed an $8 million private placement with both Ondas and Unusual Machines, underscoring growing interest in the firm’s technology.

At the center of the collaboration is the company’s Safe Pro Object Threat Detection (“SPOTD”) system, which uses machine learning to detect over 150 types of small, difficult-to-spot threats. These include landmines, unexploded ordnance, and cluster munitions, hazards that present significant risks to both military and civilian populations.

Ondas plans to integrate the SPOTD platform into its ecosystem of autonomous commercial and defense drones, with an emphasis on U.S. Department of Defense customers, NATO allies, and humanitarian operations in Ukraine. Unusual Machines, a maker of FPV (first-person view) drones, will connect SPOTD’s real-time detection with its Aura Cameras and HDO+ Goggles, enhancing situational awareness for both government and enterprise clients.

Safe Pro’s technology has already been deployed in active environments. In Ukraine, its system has processed more than 1.78 million drone images, geotagging over 31,600 threats across nearly 20,000 acres of land. The dataset forms one of the largest real-world AI training resources for explosive detection currently available.

The platform operates flexibly, either at the edge through its SPOTD NODE system for immediate battlefield use or via the cloud using AWS infrastructure under its SpotlightAI offering. This scalability positions Safe Pro to serve both military and civilian markets.

Ondas Chairman and CEO Eric Brock noted that Safe Pro’s technology “has already proven its capabilities on the battlefield of Ukraine,” which clearly demonstrates its potential to meet the needs of demanding customers in the military and commercial markets. “We believe that Safe Pro’s technology has the potential to greatly contribute to Ondas’ growing ecosystem of unique drone-based solutions and we look forward to working closely with their team in the weeks and months ahead,” he added.

Dr. Allan Evans, CEO of Unusual Machines, emphasized the potential export value of U.S.-made drone and AI technologies. “Our goal is to see the American drone ecosystem emerge as a global powerhouse. Collaboration amongst companies like ours and Safe Pro is a key step toward us collectively achieving that goal. In this instance, integrating cameras with their patented AI-powered drone imagery analysis technology makes an ideal solution for removing landmines in Ukraine or helping to protect our soldiers from explosive threats on the battlefield,” he said.

Safe Pro Chairman and CEO Dan Erdberg framed the agreements with “two of the most dynamic innovators shaping America’s drone future” as a step toward accelerating deployment globally. “Together, we see tremendous opportunities both here in the U.S. and across the globe to accelerate the deployment of next-generation, AI-powered drone solutions. By combining our strengths, we are not just advancing technology—we’re empowering customers to accomplish their most critical missions while safeguarding civilian lives.”

The U.S. drone market is experiencing steady growth, supported by rising defense budgets and increasing use of unmanned systems in infrastructure, logistics, and public safety. Safe Pro’s entry into partnerships with two listed U.S. drone companies could provide scale and market access that would be difficult to achieve independently. The company is positioning itself at the intersection of AI, computer vision, and drone technology; three sectors that continue to attract capital.

With its SPOTD platform adaptable to both government and commercial markets, and with growing U.S. defense interest, the company is likely to remain on the radar of investors looking for exposure to AI-enabled security technologies.

For more information, visit the company’s website at www.SafeProGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at https://ibn.fm/SPAI

• The 5.7 MW North Main St solar project in upstate New York is expected to qualify under the state’s VDER compensation mechanism, with a first-year average rate of $0.0971/kWh.
• Once operational, the community solar project will provide energy equivalent to 670 homes.
• PowerBank has more than 100 MW of projects built and a development pipeline exceeding 1 GW.
• New York remains a central market, targeting 6 GW of solar capacity by 2025 under its Climate Leadership and Community Protection Act.

Disseminated on behalf of PowerBank Corporation

PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., announced that its 5.7 MW North Main St solar project in upstate New York has cleared a major technical milestone with the completion of its Coordinated Electric System Interconnection Review (“CESIR”) (https://ibn.fm/MqTpK).

This review ensures that the planned project can connect safely to the local electric grid without adverse impacts, a prerequisite for moving forward with development. With the study finalized, the project will now advance into the permitting stage.

Once approved and financed, the North Main St project will be built as a community solar facility. Instead of requiring customers to install panels on rooftops, the project allows renters, businesses, and homeowners to subscribe to the solar farm. Participants receive credits on their utility bills for their share of the energy produced.

By delivering clean power directly into the local grid, the project is expected to supply electricity equivalent to the annual consumption of about 670 households.

The project is expected to qualify for New York’s Value of Distributed Energy Resources (“VDER”) program, which determines compensation rates for distributed energy projects. The first-year average rate is estimated at $0.0971 per kilowatt-hour, according to PowerBank’s announcement.

This compensation mechanism provides financial clarity and helps ensure project bankability. For investors, the VDER framework offers greater predictability compared with traditional net metering, aligning payment rates with the value that distributed solar brings to the grid.

The state of New York has emerged as a leader in community solar, accounting for nearly one-third of the U.S. total installed capacity of 6.2 GW. The state’s Climate Leadership and Community Protection Act sets a target of 6 GW of solar by 2025, making projects such as North Main critical to meeting these goals. For PowerBank, New York represents not only a strategic growth market but also one of the most supportive policy environments for distributed renewable energy.

PowerBank has completed over 100 MW of renewable energy projects to date, spanning solar and battery energy storage initiatives across North America. Its current development pipeline exceeds 1 GW, offering diversification across multiple markets and technologies. As an asset owner and developer, the company generates value both from selling power through long-term agreements and from recurring revenues tied to community solar subscription models.

For more information, visit the company’s website at https://PowerBankCorp.com.

This report contains forward looking information. Please refer to the press release entitled “PowerBank’s 5.7 MW North Main St Project Successfully Completes Major Interconnection Study on Path to Permitting” and dated August 26, 2025, for additional details on the information, risks and assumptions.

NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN

• Canadian near-term producer LaFleur Minerals is developing an exploration property with 18,304 hectares (45,230 acres) of gold-potential at its Swanson Gold Project, which is located in the heart of the Abitibi Greenstone Belt close to Val-d’Or, Québec, a globally renowned gold district
• The company has undertaken funding initiatives recently to raise capital for its operations
• As part of an ongoing 5,000 metre program at Swanson, LaFleur has already completed seven diamond drill holes on the project, three of which had been sampled, sawn, and sent to the assay laboratory as of early last month
• The company has also filed an updated NI 43-101 Technical Report for the Swanson Gold Project and is working to restart operations of its fully permitted and refurbished Beacon Gold Mill to eventually build a revenue stream from processing nearby mine production as well as its own potential mineralized material from Swanson
• Gold prices have hit record highs of late and some analysts predict gold prices may continue to rise over $4,000 per ounce in the coming year

Gold exploration and development company LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is advancing its two gold projects in the heart of the Abitibi Greenstone Belt close to Val-d’Or, Québec, a globally renowned gold district, where the company began drilling in early July.

The company announced this past month that it had completed seven diamond drill holes totaling 1,764 meters, three of which had been sampled, sawn, and sent to the assay laboratory for analysis of the geological, geophysical, and geochemical targets up to 3 km from the Swanson Gold Deposit and along strike of a major structural break (https://ibn.fm/32sTb).

The company states that visual core logging supports the belief that several of these holes intersected geological features similar to others in the Swanson Gold Deposit that host known mineralization. 

“We are very encouraged by the early progress of the Swanson drilling program and the geological and mineralization similarities seen in the recent drill core to the known Swanson Gold Deposit,” LaFleur CEO Paul Ténière stated in the Aug. 7 news release. “We’re particularly optimistic about the mineralized zone encountered in hole SW-025-038 (a sulphide-rich zone known to be at least 17.9 meters wide) and we look forward to releasing assay results in the near future.”

LaFleur launched a capitalization drive in late July with an agreement to campaign for up to $5 million (Canadian) in debt financing over six months, while simultaneously pursuing an equity offering (https://ibn.fm/bcRs7).

The Canadian company anticipates developing a revenue stream to help fund company operations through the restart of its fully permitted and refurbished Beacon Gold Mill. LaFleur obtained the mill for $1.1 million in a bankruptcy sale, the mill had received more than $20 million in equipment and other upgrades by the former owner, and is situated near other gold miners who may be eager to avail themselves of quick access to a processing facility for their raw ore – an independent valuation report conducted by Bumigeme Inc. set the value of the mill in terms of replacement cost above $71 million.

Gold prices have hit record highs of late and analysts at J.P. Morgan Research are predicting the trend may continue, carrying gold over $4,000 per ounce in 2026 (https://ibn.fm/xoRB4).

LaFleur anticipates it will cost from $3 million to $5 million to restart the mill and bring the tailings pond up to grade, allowing the company to quickly level up from explorer to producer. The mill will be capable of processing over 750 tonnes per day, whether from LaFleur’s own production or custom contracts with neighboring projects, according to the company (https://ibn.fm/vxHGX).

LaFleur hosted a site visit and tour of the mill for interested parties last month. The Aug. 7 news release noted that the company had also reached an agreement with Globex Mining Enterprises Inc. to acquire a key mineral claim in addition to its existing approximately 18,304 hectares (45,230 acres) in its Swanson Gold Project.

LaFleur has filed an updated NI 43-101 Technical Report for the project dated July 29.

For more information, visit the company’s website at LaFleurMinerals.com.

NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF

Qualified Person Statement:

All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo., OGQ, Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

The 2025 MoneyShow Toronto is right around the corner – and it’s going to feature more than 50 financial industry leaders, economists, analysts, money managers, companies, and traders sharing their top strategies and picks with more than 1,000 Canadian and U.S. investors.

Scheduled for Sept. 12-13 at the Metro Toronto Convention Centre North, the conference will feature educators and industry leaders offering insights into the future of both Canadian and U.S. markets. Investors and traders will learn the best investment strategies for 2025-2026, while sharpening their financial skills in the process. Plus, they’ll explore the top stocks, bonds, ETFs, and other opportunities available in this market – while staying abreast of the latest market and political developments affecting sectors like real estate, metals, technology, finance, and more.

For more than 44 years, MoneyShow has been providing optimal resources to traders and investors to help them maximize their portfolio returns. The company organizes live and online events where financial experts connect with self-directed investors and high-net-worth individuals looking for guidance and recommendations.

This year, in spite of challenges like tariffs, political instability, recession risk, and general market volatility, the TSX has shown resilience – with Bay Street surpassing Wall Street. Now, experts will gather in downtown Toronto to discuss and decode the trends that are driving this powerful market scenario.

Plus, the event will offer a huge and valuable networking forum for traders and investors. They can gain visibility among industry giants and fellow attendees, while developing personal and business relationships with peers and financial professionals.

To learn more, please visit https://ibn.fm/oVecF.

• H1 2025 revenue reached $14.2 million with net income up nearly 80% year-over-year.
• Gross margin expanded to 61.2% from 52.3% in the prior-year period.
• EBITDA rose 41% to $5.1 million, while operating margin more than doubled.
• Management sees continued momentum in the U.S. market, where the company secured over 30 new electronic monitoring (EM) contracts since mid-2024.
• Working capital improved to $40.8 million, with cash reserves of $15 million.

SuperCom (NASDAQ: SPCB), a global provider of secured e-Government, IoT, and cybersecurity solutions, reported strong results for the second quarter and first half of 2025, with profitability and margins rising even as revenue growth remained stable.

According to the company’s earnings release, first-half revenue came in at $14.2 million, compared with $14.4 million a year earlier. Despite the modest topline change, gross profit increased 15% to $8.7 million, pushing gross margin to 61.2%. Net income rose 79.5% to $5.3 million, while non-GAAP net income reached $7.4 million (https://ibn.fm/jQQgj). EBITDA for the first half rose 41% to $5.1 million. Operating income doubled to $2.3 million, reflecting improved cost management and leverage.

In Q2, revenue totaled $7.14 million versus $7.5 million in the prior year. Gross profit grew 12.7% to $4.2 million, with gross margin improving to 59.1%. Operating income was $1.1 million, up from $0.4 million in Q2 2024, while EBITDA rose 56% to $2.5 million. Net income for the quarter stood at $1.1 million, down from $2.2 million last year, though last year’s figure benefited from financial gains.

Cash and equivalents improved significantly, reaching $15 million at the end of June from $5.7 million a year earlier. Working capital rose to $40.8 million, while book value of equity more than doubled to $37.3 million.

Beyond the numbers, SuperCom has focused on securing new contracts in the electronic monitoring market. Since mid-2024, the company has signed over 30 EM contracts in the U.S., entering 11 new states and adding nine regional service provider partnerships.

Recent wins include a Tennessee contract to transition GPS programs onto SuperCom’s platform, a Virginia deployment displacing an incumbent vendor, and a statewide procurement contract with the North Carolina Sheriff’s Association. In Nebraska, Utah, and Kentucky, the company also secured agreements to expand the use of its PureSecurity(TM) platform.

Internationally, SuperCom, alongside partner Electra Security, won a national EM contract with the Israel Prison Service, covering all electronic offender monitoring in Israel. The company has also delivered more than 1,500 PureSecurity units for this project.

“We’re pleased to report record first-half results, with GAAP net income of $5.32 million—approximately 80% higher year over year—and first-half gross margin of 61.2%,” said SuperCom President and CEO Ordan Trabelsi. “In addition, we expanded into new geographies and deployed more units within existing projects. These achievements were driven by strong project execution, the technological advantages of our solutions, strategic financial agreements, and the operational leverage inherent in our business model.”

Trabelsi noted that the company has invested heavily in building its European presence in recent years, where it has secured more than 15 nationwide EM projects. However, the company is now sharpening its focus on the U.S. market, where the opportunity is larger and margins more attractive.

“Over the past 12 months, we sharpened our focus in the United States, where the market opportunity is substantially larger and the economics are more attractive, and we secured over 30 new contracts and entered 11 states in less than a year,” Trabelsi added. “This demonstrates our proven ability to deliver superior technology and expand rapidly in the electronic monitoring market.”

SuperCom’s financial results underscore the company’s ability to expand margins and secure new contracts, suggesting increased operational efficiency and a more sustainable model. The growing U.S. presence, combined with recurring contract structures and international projects in Israel, Europe, and EMEA diversify SuperCom’s revenue base.

“We are encouraged by the momentum across the U.S., Europe, and other regions, and we remain committed to disciplined execution and expanding our global footprint. Supported by strong financials and growing recurring relationships, we continue to advance our public-safety mission and deliver value to our stakeholders,” Trabelsi concluded.

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://ibn.fm/SPCB

• RapidSX is a patent-pending, column-based solvent extraction technology that offers a transformative leap over traditional methods.
• The Strategic Metals Complex in Alexandria, Louisiana, serves as the proving ground for RapidSX technology.
• Ucore’s RapidSX technology has undergone rigorous testing and independent evaluations, consistently demonstrating superior performance.

In the race to secure a sustainable and independent supply of rare earth elements (“REEs”), Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) stands at the forefront with its groundbreaking RapidSX(TM) technology. This innovative approach to REE separation promises to significantly enhance processing efficiency, reduce environmental impact and bolster the United States’ position in the global rare earth supply chain (https://ibn.fm/i5Uol). At the heart of this initiative is the Strategic Metals Complex (“SMC”) in Alexandria, Louisiana, a facility poised to become a cornerstone in the nation’s critical minerals infrastructure.

RapidSX is a patent-pending, column-based solvent extraction technology that offers a transformative leap over traditional methods (https://ibn.fm/wN0hg). Unlike conventional solvent extraction processes that rely on power-intensive mixer-settler tanks, RapidSX utilizes a computerized column system, resulting in up to three times faster processing speeds and a significantly smaller physical footprint. This efficiency translates to reduced capital and operational expenditures, making it a cost-effective solution for large-scale REE production. Additionally, the technology’s modular design allows for scalability, enabling incremental capacity additions to meet growing demand.

The environmental advantages of RapidSX are equally compelling. By eliminating the need for traditional mixer-settler tanks, the technology reduces the consumption of process chemicals and minimizes waste generation. This ecofriendly approach aligns with global sustainability goals and positions Ucore as a leader in responsible rare earth processing.

The Strategic Metals Complex in Alexandria, Louisiana, serves as the proving ground for RapidSX technology (https://ibn.fm/QdeyR). Spanning 80,800 square feet, the facility is being developed under a long-term lease agreement with the England Authority, which manages the England Airpark, a repurposed U.S. Air Force base transformed into a regional economic hub. With the support of an $18.4 million grant from the U.S. Department of Defense, Ucore aims to commence production in 2026, targeting an annual output of 2,000 tonnes of high-purity rare earth oxides, with plans to scale up to 7,500 tonnes by 2028.

This facility is not only a testament to Ucore’s technological advancements but also a strategic move to diversify the U.S. supply chain for critical minerals. The Louisiana SMC is designed to process mixed rare earth chemical concentrates obtained from multiple global feedstock sources, including the Tanbreez Project in Greenland. Ucore recently signed a 10-year agreement with Critical Metals Corp. to supply up to 10,000 metric tons of heavy rare earth concentrate annually from Tanbreez, aligning with the U.S. government’s strategy to reduce reliance on China, which currently dominates the rare earth sector (https://ibn.fm/x8HPs).

Ucore’s RapidSX technology has undergone rigorous testing and independent evaluations, consistently demonstrating superior performance compared to traditional solvent extraction methods (https://ibn.fm/PA2fm). For instance, studies have shown that RapidSX can achieve separation factors within less than 100 seconds, outperforming conventional processes in both speed and efficiency.

Looking ahead, Ucore plans to expand its footprint with additional Strategic Metals Complexes in Canada and Alaska, further solidifying its position in the global rare earth supply chain (https://ibn.fm/wcMVP). With the continued development of RapidSX technology and the strategic establishment of processing facilities like the one in Louisiana, Ucore Rare Metals is poised to play a pivotal role in reshaping the future of rare earth element production and processing.

For more information, visit www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF

• The FDA’s orphan drug designation for dusquetide follows encouraging phase 2a clinical trial results demonstrating both biological efficacy and a favorable safety profile.
• CEO notes that “the FDA’s decision to grant orphan drug designation to the SGX945 program signifies an important step for Soligenix.”
• Phase 2a pilot data demonstrated clinically meaningful improvements in oral aphthous ulcer healing.

Soligenix (NASDAQ: SNGX) has taken a decisive step forward in the fight against rare diseases, announcing that the FDA has granted orphan drug designation to its investigational therapy dusquetide for the treatment of Behçet’s disease (https://ibn.fm/0t1aK). This key FDA designation underscores not only the strength of recent phase 2 results but also the company’s growing reputation as a late-stage biopharmaceutical innovator dedicated to tackling serious, underserved conditions. 

The FDA’s orphan drug designation for dusquetide follows encouraging phase 2a clinical trial results demonstrating both biological efficacy in reducing oral aphthous ulcers and a favorable safety profile in patients with Behçet’s disease (https://ibn.fm/idr7M). The designation not only highlights the promise of Soligenix’s SGX945 program but also unlocks critical development incentives, such as seven years of U.S. market exclusivity upon approval, potential government grant support, fee waivers and valuable tax credits. 

“Behçet’s disease is an area of unmet medical need, with up to 18,000 people in the U.S., 50,000 in Europe, 350,000 people in Turkey and as many as one million people worldwide affected by this incurable disease,” said Soligenix CEO Dr. Christopher J. Schaber. “Given the clinically meaningful improvements seen in a phase 2 proof-of-concept study in patients with oral aphthous ulcers due to Behçet’s disease, we are hopeful dusquetide will have a role to play in helping underserved patients suffering from this difficult to treat and chronic autoimmune disease. The FDA’s decision to grant orphan drug designation to the SGX945 program signifies an important step for Soligenix as we continue to advance the program and adds significantly to the existing intellectual property estate surrounding this novel technology.”

Characterized by painful redness, swelling and ulceration of the mucous membranes in the mouth, oral mucositis is a common and debilitating condition often triggered by chemotherapy, radiotherapy or hematopoietic stem cell transplantation. The condition causes severe pain, disrupts oral intake and can lead to infections or require nutritional interventions such as parenteral feeding. In extreme cases, treatment protocols may be interrupted or dosage reduced, negatively impacting patient outcomes. Because it compromises patients’ ability to speak, eat and swallow, oral mucositis significantly diminishes quality of life and poses serious challenges in the management of cancer and other treatments.

Soligenix’s development work with dusquetide, specifically targeting oral ulcers, taps into the broader medical need to address oral mucositis effectively. The company’s SGX945 (dusquetide) has earned both fast-track and orphan drug designations for its role in treating oral lesions in Behçet’s disease, further emphasizing the potential overlap with mucositis management  Dusquetide belongs to a class of innate defense regulators (“IDRs”) that modulate the immune response to promote healing, reduce inflammation and protect tissues, an approach that may have meaningful implications for alleviating painful mouth ulcers in Behçet’s patients and possibly beyond.

Phase 2a pilot data demonstrated clinically meaningful improvements in oral aphthous ulcer healing, with SGX945 proving well-tolerated and showing no significant adverse effects, a notable contrast to current treatments such as apremilast, known for common side effects such as headache, nausea and diarrhea. This emerging evidence underscores Soligenix’s potential to address a critical unmet need and improve patient outcomes in an underserved population.

By combining regulatory incentives, clinical traction and a compelling therapeutic strategy, Soligenix is establishing a solid development pathway for SGX945. The orphan designation strengthens the company’s IP position and paves the way for future clinical development. As Soligenix advances its SGX945 program, it reinforces its overarching mission to develop novel treatments for rare and challenging conditions, including its ongoing progress with its ricin toxin vaccine candidate (https://ibn.fm/g2Hkx), moving the company closer to delivering impactful therapies to patients in need.

For more information, visit www.Soligenix.com.

NOTE TO INVESTORS: The latest news and updates relating to SNGX are available in the company’s newsroom at https://ibn.fm/SNGX

• VMAR’s record underscores company’s commitment to innovation and excellence in the electric marine industry.
• CEO notes that company is “in a bold new development and training phase.”
• Company’s E-Motion 180E is a high-performance, 180-horsepower electric outboard motor designed to deliver exceptional speed and efficiency.

Vision Marine Technologies (NASDAQ: VMAR) has long demonstrated its leadership in marine electrification, with its E-Motion(TM) 180E-powered vessel holding the world record for the fastest electric boat. Set at the annual Lake of the Ozarks Shootout in Missouri, the record shows that VMAR’s craft reached an astonishing speed of 116 mph, surpassing its own previous record of 109 mph, set in 2022 (https://ibn.fm/LKHj1). This enduring achievement continues to underscore Vision Marine’s commitment to innovation and excellence in the electric marine industry.

“We’re in a bold new development and training phase, and Vision Marine is becoming the reference in America for electric boating,” said Vision Marine Technologies CEO and cofounder Alexandre Mongeon. “When we broke the record, we proved that electric boating can compete at the highest levels of performance. Today, that same technology is validated and available to customers through Florida’s strongest dealer platform. We remain faster than 80% of ICE boats at the Ozarks, underscoring our enduring performance edge, while building a sustainable foundation that creates lasting value for investors. Once the record is challenged, we will return with determination to push the boundaries even further.”

Founded in 2018, Vision Marine Technologies is a Canadian company specializing in the development and manufacturing of electric propulsion systems for the marine industry. Vision Marine’s mission is to revolutionize the boating experience by providing sustainable, high-performance electric solutions that cater to a growing demand for ecofriendly recreational watercraft.

The company’s flagship product, the E-Motion 180E, is a high-performance, 180-horsepower electric outboard motor designed to deliver exceptional speed and efficiency. So far, the E-Motion 180E has been successfully integrated into 25 different boat platforms, including pontoons, bowriders, dual consoles, center consoles and catamarans. This versatility demonstrates the adaptability of Vision Marine’s technology across various vessel types, making electric propulsion accessible to a broader range of boating enthusiasts.

In addition to its technological advancements, Vision Marine has established a robust distribution network through its Nautical Ventures division, which operates nine retail locations across Florida. With annual boat sales exceeding $100 million and a customer database of more than 50,000 boaters, Nautical Ventures provides a strong foundation for the widespread adoption of Vision Marine’s electric propulsion systems.

The company’s commitment to sustainability is further exemplified through its partnership with Octillion Power Systems, which supplies the high-performance battery packs for the E-Motion 180E (https://ibn.fm/XaGk6). These advanced battery systems ensure optimal performance and longevity, contributing to the overall efficiency and reliability of Vision Marine’s electric vessels.

Vision Marine Technologies’ dedication to innovation and sustainability has positioned it as a leader in the electric marine industry. With its world record–setting achievements, versatile propulsion systems and strong distribution network, the company is well equipped to meet the growing demand for eco friendly recreational boating solutions. As the marine industry continues to evolve, Vision Marine remains at the forefront, driving the transition toward a more sustainable and electrified future.

For more information, visit www.VisionMarineTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to VMAR are available in the company’s newsroom at https://ibn.fm/VMAR

• Strawberry Fields REIT generated $18.9 million in AFFO and $8.7 million in net income for the second quarter of 2025.
• Rental income rose 29% year-over-year, reflecting growth from acquisitions and lease renewals.
• The company owns and leases 142 healthcare facilities with over 15,500 licensed beds across 10 states.
• Long-term triple-net leases with built-in escalators support predictable, recurring revenue.
• Recent acquisitions in Missouri and Oklahoma added $7.1 million in new annual base rent.

Strawberry Fields REIT (NYSE American: STRW) is a self-administered real estate investment trust engaged in the ownership, acquisition, development, and leasing of skilled nursing and other healthcare-related properties. Initially spun out in 2015 with a 33-property portfolio in Indiana and Illinois, the company has steadily expanded its footprint and now owns and leases across 10 states. Its facilities are leased to experienced third-party operators, primarily under long-term triple-net agreements.

The company’s disciplined strategy emphasizes working with regional operators and experienced consultants, focusing on markets where demographic tailwinds and regulatory barriers support long-term demand. From 2020 through projected 2025, the company achieved compound annual growth rates of 13.6% in Adjusted Funds From Operations (“AFFO”) and 13.5% in Adjusted EBITDA (“AEBITDA”).

In August 2025, the board of directors approved a 14.3% increase in the company’s quarterly dividend to $0.16 per share. Chairman and CEO Moishe Gubin stated that the dividend increase reflects the company’s strong performance and sustainable outlook, while still keeping the payout ratio below 50%.

Strawberry Fields REIT is headquartered in South Bend, Indiana.

Portfolio

As of September 2025, Strawberry Fields REIT owns and holds long-term leasehold interests in 142 healthcare facilities totaling more than 15,500 licensed beds. The portfolio includes 130 skilled nursing facilities (“SNFs”), 10 assisted living facilities (“ALFs”), and two long-term acute care hospitals (“LTACHs”), with properties located in Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas.

In recent months, Strawberry Fields REIT has expanded its portfolio through the following acquisitions:

• Nine skilled nursing facilities in Missouri totaling 686 beds for $59 million. Eight of the facilities were added to an existing master lease with the Tide Group, increasing annual base rent by $5.5 million, while the ninth facility was added to Reliant Care Group’s lease, raising rent by an additional $0.6 million.
• An 80-bed skilled nursing facility near Oklahoma City, Oklahoma, for $4.25 million, which was leased to a current operator under a master lease with $425,000 of initial rents and 3% annual escalations.
• A 124-bed facility comprised of 108 skilled nursing beds and 16 assisted living beds near Poplar Bluff, Missouri, for $5.3 million, which was leased to a current operator under a master lease with $530,000of initial rents and 3% annual escalations.

Market Opportunity

Strawberry Fields REIT operates in the skilled nursing and post-acute healthcare real estate sector, which is supported by favorable demographic and regulatory trends. The U.S. population aged 65 and older is expected to exceed 72 million by 2030 and reach 88.5 million by 2050. According to the CDC, 83.5% of skilled nursing facility residents are 65 or older.

The sector benefits from high barriers to entry, including regulatory constraints, capital requirements, and operational complexity. At the same time, government programs such as Medicare and Medicaid provide a stable reimbursement base. The company noted that despite challenges, its operators have demonstrated consistent profitability in states that are traditionally considered difficult for SNF operators.

Spending on SNF care for the aging population is projected to grow from $181.6 billion in 2021 to $273 billion in 2030, reflecting a compound annual growth rate of 4.63%. Strawberry Fields REIT’s geographic clustering strategy and long-term lease structure position it to benefit from this increasing demand and constrained supply.

Leadership Team

Moishe Gubin, Chairman, CEO, and Founder, has served as CEO since the company’s inception and was involved in every acquisition. He previously served as CFO and manager of Infinity Healthcare Management and is a licensed CPA in New York.

Jeffrey Bajtner, Chief Investment Officer and Chief Operating Officer, joined the company in 2021. He oversees acquisitions, dispositions, and investor relations. Previously, he held leadership roles at BlitzLake Partners and NorthStar Realty Finance. He is a licensed CPA in Illinois.

Greg Flamion, Chief Financial Officer, joined in January 2024. He was formerly CFO at Zimmerman Advertising and has held senior finance roles at Diageo and Bristol Myers Squibb. He holds an MBA from the University of Florida and is a CPA licensed in Indiana.

Steven Greenfield, General Counsel, joined in April 2025. He previously served as Managing Attorney at HammondLaw and held executive and legal positions at Weil, Gotshal & Manges LLP and Mayer Brown LLP, focusing on tax and securities law.

For more information, visit the company’s website at www.StrawberryFieldsREIT.com.

NOTE TO INVESTORS: The latest news and updates relating to STRW are available in the company’s newsroom at https://ibn.fm/STRW