Canada commits funding to joint AI safety effort with the U.K.
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On Wednesday, Canada announced that it will commit $1 million to a $29 million joint AI safety effort with the U.K. that will bankroll research and commercial projects focused on keeping advanced AI systems in line — in other words, ensuring that they operate safely, reliably, and in a useful way, and without unintended or harmful actions.
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'Together, we're advancing cutting-edge research to ensure (the) next generation of AI systems are not only powerful but also reliable — serving societies here at home and around the world,' said minister of AI and digital innovation Evan Solomon in a statement.
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The initiative, called the AI Alignment Project, is spearheaded by the U.K.'s AI Security Institute (AISI) and will involve the Canadian AI Safety Institute (CAISI) under the umbrella of the Canadian Institute for Advanced Research (CIFAR), a research organization focussed on innovation and deep tech. Other financial backers include enterprise partners such as Amazon Web Services, Inc. and venture firm the Safe AI Fund, and non-profits such as New-York headquartered Schmidt Sciences, LLC.
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The project will provide grant funding for researchers across disciplines including computer and cognitive science; help organizations and individuals access venture capital investment; and secure 'compute,' the computational power needed to train and run AI models. The call for proposals, which launches Wednesday, will be open until September.
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Prominent AI experts including Canadian-French computer scientist Yoshua Bengio, known as one of the 'godfathers of AI,' will serve on the advisory board to help steer the effort and to select the successful proposals by November.
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Canada's participation in the U.K.-led AI safety effort fits into Ottawa's broader AI vision for Canada — one that involves building trust in, and adoption of, the technology — and lets Canadian researchers have a seat at the table when it comes to global efforts on AI safety, according to Elissa Strome, executive director of pan-Canadian AI strategy at CIFAR. There are 'few challenges more urgent than ensuring AI is safe, predictable, and beneficial for all,' she said.
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The launch of the new initiative takes place amid broader shifts in the conversation on AI. As the tech becomes an increasingly important feature of national security and economic competition, the U.S. has peddled a light-touch regulatory approach, while jurisdictions such as the EU have championed tougher-on-tech rules. Industry groups and AI safety scholars have also clashed over how AI should be regulated, developed and deployed.
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LUNDIN GOLD DECLARES QUARTERLY DIVIDENDS OF US$0.79 PER SHARE
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As we continue to generate strong free cash flow, we are well-positioned to both reward our investors and strategically invest in our long-term growth initiatives." Quarterly Dividends payable on September 25, 2025 Based on today's closing price of the Company's common shares on the TSX of CAD$74.08, the Quarterly Dividends totaling US$0.79 per common share represent an estimated annual yield of approximately 5.9% 2. The variable dividend for the second quarter 2025 was calculated as follows: Subject to the continued discretion of the Board of Directors, the variable dividend will be equal to an amount per share based on at least 50% of the Company's normalized free cash flow, after the deduction of the fixed dividend paid, during the preceding quarter. The Company will determine its normalized free cash flow each quarter by removing significant non-recurring items from its free cash flow 1 calculation. For variable dividends anticipated to be paid on account of the 2025 financial year, this normalization includes annual payments which were paid in April of income taxes and profit sharing, together equaling US$95.3 million, which amount will be apportioned across each financial quarter at a rate of US$23.8 million. In future years, Lundin Gold plans to disclose the details of this normalization with its year-end financial results. The Quarterly Dividends for common shares trading on the TSX and the OTCQX will be paid in Canadian dollars on September 25, 2025 based on the prevailing exchange rate at the Quarterly Record Date. The Quarterly Dividends for shares trading on Nasdaq Stockholm will be paid on September 30, 2025 in Swedish kronor (SEK) in accordance with Euroclear principles. To execute the payment of the Quarterly Dividends, a temporary administrative cross-border transfer closure will be applied by Euroclear from September 8, 2025, up to and including Wednesday, September 10, 2025 during which period shares of the Company cannot be transferred between TSX and Nasdaq Stockholm. Payments to shareholders who are not residents of Canada will be net of any Canadian withholding taxes that may be applicable. For further details, please visit: About Lundin Gold Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders. Additional Information The information in this release is subject to the disclosure requirements of Lundin Gold under the Swedish Financial Instruments Trading Act. This information was publicly communicated on August 7, 2025 at 4:30 p.m. Pacific Time through the contact persons set out below. Caution Regarding Forward-Looking Information and Statements Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks, and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information. Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws. This press release contains forward-looking information in a number of places, such as in statements relating to the timing, amount and payment of dividends, and the estimated annual yield. 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