Canada's new government is rebuilding, rearming, and reinvesting in the Canadian Armed Forces
TORONTO, June 9, 2025 /CNW/ - In an increasingly dangerous and divided world, Canada must be prepared – to defend our people and our values, to secure our sovereignty, and to protect our Allies. We must be prepared to lead and to shape a more stable and prosperous world. This entails government recognizing our new realities and investing in the measures required to meet this moment.
Today, the Prime Minister, Mark Carney, announced that Canada's new government is rebuilding, rearming, and reinvesting in the Canadian Armed Forces.
With this increase, Canada will achieve NATO's 2 per cent target this year – half a decade ahead of schedule – and further accelerate our investments in years to follow, consistent with our security imperatives. The investment for 2025-26 will be over $9 billion.
Measures in this plan include:
Better pay for Canadian Armed Forces, improved recruitment and retention, and investments to support operational readiness, fleet maintenance, security, and infrastructure requirements.
New aircraft, armed vehicles, and ammunition, as well as support for projects currently underway.
Developing new drones and sensors to monitor the seafloor and the Arctic.
Repairing and maintaining existing ships, aircraft, and other assets.
More health care funding and staff for Armed Forces personnel.
Expanding the reach, security mandate, and abilities of the Canadian Coast Guard and integrating it into our NATO defence capabilities – to better secure our sovereignty and expand maritime surveillance.
Bolstering Canada's defence industrial capacity.
Building capacity in artificial intelligence, cyber, quantum, and space.
Modern and secure digital infrastructure.
The plan will support key capabilities, including:
Arctic Over-the-Horizon Radar
Joint Counter-Drone Program
Joint Support Ships
Long-range precision strike capability
Increased domestic ammunition production
Additional logistics utility vehicles, light utility vehicles, and armoured vehicles
This government will also undertake efforts to support veterans, including modernizing the benefits system so veterans get supports sooner, streamlining military trade credentials in the civilian sectors, and improving health services for women veterans.
Canada requires these capabilities to uphold and assert its sovereignty and ensure our defence never becomes dependent on others again. As we strengthen the Canadian Armed Forces, we will also build up Canadian industry, driving innovation and creating good careers for Canadian workers and new opportunities for Canadian businesses. Now more than ever, we need to defend our sovereignty and safeguard Canada's people and interests.
Quotes"In an increasingly dangerous and divided world, Canada must assert its sovereignty. We will rapidly procure new equipment and technology, build our defence industrial capacity, and meet our NATO defence commitment this year. Canada will seize this opportunity with urgency and determination."— The Rt. Hon. Mark Carney, Prime Minister of Canada
"For generations, Canadians have served our country with honour, and today, we renew our promise to stand behind them. We are equipping our Armed Forces with the capabilities and support they need to protect Canadians and uphold our commitments around the world. This historic investment will strengthen our sovereignty and invest in the Canadian economy – growing a world-class defence industry that fuels innovation and job creation."— The Hon. David J. McGuinty, Minister of National Defence
Related Product
Backgrounder: Canada's new government is rebuilding, rearming, and reinvesting in the Canadian Armed Forces
This document is also available at https://pm.gc.ca
SOURCE Prime Minister's Office
View original content: http://www.newswire.ca/en/releases/archive/June2025/09/c0530.html
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Russia's lead negotiator in Istanbul claims Russia's terms at 2022 talks with Ukraine were "softer"
Vladimir Medinsky, the head of the Russian delegation at recent peace talks in Istanbul, has said that if Ukraine had agreed to Russia's terms in 2022, its terms would have been less harsh. Source: Medinsky in an interview with RT, the Russian state-controlled international news television network, as quoted by Russian media Details: Medinsky claimed that if Ukraine had been ready and "if it had been making its own decisions", a peace agreement could have been signed as early as 28 February 2022 and would have had "softer" terms than in 2025. After all, the pseudo-historian claimed, "all they wanted was for Ukraine not to join NATO and to say no to the deployment of foreign military bases on its territory". There had also been discussions about making Russian an official language in Ukraine, recognising the Ukrainian Orthodox Church of the Moscow Patriarchate (UOC-MP) and officially recognising Crimea as Russian, because, in Medinsky's fantasies, "that was the most democratically held referendum imaginable". Medinsky said that after the Russian delegation presented the draft treaty in 2022, Ukraine's President Volodymyr Zelenskyy "kept silent for two weeks" and met with representatives from the UK and the US during that time. The Russians were then told "Our foreign partners are opposed to us entering into the agreement – which we had already agreed on," Medinsky claims. Background: After the second round of talks on 2 June, Russian state news agencies published the text of Russia's "memorandum of settlement" with proposals for a ceasefire. In the memorandum, Russia has demanded the withdrawal of Ukrainian troops from Zaporizhzhia, Donetsk, Luhansk and Kherson oblasts. It also calls for Ukraine's neutrality, a ban on the deployment of foreign troops on the territory of Ukraine, and its rejection of nuclear weapons. The New York Times reported, citing sources and the relevant draft agreements, that in April 2022, Russia effectively disrupted peace talks with Ukraine by inserting a clause in the draft agreement stating that it would have the right to veto the international community's response in the event of a repeat attack on Ukraine. Support Ukrainska Pravda on Patreon!
Yahoo
24 minutes ago
- Yahoo
Canada's Borderland Pride scraps Minnesota leg of Pride March due to anxiety over U.S. policies
Canada's Borderland Pride scraps Minnesota leg of Pride March due to anxiety over U.S. policies originally appeared on Bring Me The News. Anxiety over current U.S. border and LGBTQ policies under the Trump administration has led a Canadian group to scrap the Minnesota leg of its annual cross-border Pride parade. Borderland Pride has announced that its cross-border Pride March will not start in International Falls this year. The event will instead take place entirely within Fort Frances on the Canadian side of the border. The announcement was made in late February, about five weeks after the return of President Donald Trump to the White House. His administration has issued a series of orders, including ones targeting the transgender and non-binary community, and has removed more than $125 million in federal funding for LGBTQ health. Borderland Pride said the decision to cancel its cross-border march was not made lightly, saying it recognizes "the ongoing need for a strong presence for 2SLGBTQIA+ people in the United States and the International Falls area." "However, we cannot, in good conscience, subject gender diverse members of our community to discrimination, misgendering, or uncertain treatment by U.S. border officials or other institutions, in light of the bigoted and transphobic policy edicts of the Trump administration," it continues. "We also have growing safety concerns in the current political climate, including the potential for threats or actual incidents of harassment or violence targeting our participants. We are fearful, given the U.S. government's actions since the inauguration, that our complaints, or even a crisis, could be met with indifference." Executive Director Douglas Judson told the Star Tribune that the organization doesn't feel it can ask march participants – particularly those who identify as transgender or non-binary – to cross the border, where they "may be confronted with uncomfortable questions, or worse, by U.S. border police." There has been a significant decrease in travel from Canada to U.S. since January, with President Trump angering a significant proportion of the population north of the border with comments suggesting Canada could be annexed by the U.S. and become the 51st U.S. state, as well as sparking a trade war by imposing tariffs on imports to the U.S. Forbes reports that border crossings from Canada to the U.S. by car and air travel has dropped by 35% and 20% respectively, which has the potential to have an economic impact to the U.S. of $7.4 billion this year alone. This story was originally reported by Bring Me The News on Jun 9, 2025, where it first appeared.
Yahoo
26 minutes ago
- Yahoo
DENARIUS METALS ANNOUNCES BROKERED LIFE OFFERING OF UNITS
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, June 9, 2025 /CNW/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has entered into an agreement with Stifel Nicolaus Canada Inc. ("Stifel Canada") to act as lead agent and bookrunner on behalf of a syndicate of agents (collectively, the "Agents") in connection with a "best efforts" agency basis private placement (the "Offering") for the sale of up to 18,182,000 Units of the Company at a price of C$0.55 per Unit (the "Offering Price") for gross proceeds to the Company of up to C$10,000,100. Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of CA$0.66 per common share at any time on or before that date which is 60 months after the closing date. It is anticipated that the closing of the Offering will occur on or prior to June 19, 2025. The Units will be offered to purchasers by way of the "listed issuer financing" exemption under Part 5A (the "LIFE Exemption") of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106") in all the provinces of Canada other than Québec. Upon closing of the Offering, the Units are expected to be immediately freely tradeable under applicable Canadian securities legislation. The Company will grant to the Agents an option, exercisable up to three business days prior to the closing date, to purchase for resale up to an additional 15% of Units at the Offering Price for additional gross proceeds of up to C$1,500,015. The Company intends to use the net proceeds of the Offering to fund its projects in Spain, including the advancement of scoping and other studies, and site administration costs at its Lomero and Toral Projects, capital contributions related to certain restart activities and site administration costs at the Aguablanca Project, to fund certain exploration and development expenditures at its Zancudo Project in Colombia and for general corporate purposes and working capital of the Company. Completion of the Offering is subject to shareholder and regulatory approvals, as applicable, including Cboe Canada. As the number of securities issuable in the Offering (calculated on a fully diluted basis) is more than 25% of the total number of the current total number of issued and outstanding common shares (the "Outstanding Shares") and the Offering Price is less than the closing price of the common shares on the day preceding the Company's price reservation, to proceed with the Offering the Company requires approval from shareholders representing a majority of the Outstanding Shares held by disinterested shareholders. The Company intends to satisfy Cboe Canada's shareholder approval requirement by obtaining a written resolution approving the Offering from the holders of at least 50% of the Outstanding Shares entitled to vote thereon. There is an offering document related to the Offering that can be accessed under the Company's profile at and at the Company's website at Prospective investors should read this offering document before making an investment decision. No U.S. Offering or Registration This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. About Denarius Metals Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF". In Colombia, Denarius Metals recently commenced mining operations at its 100%-owned Zancudo Project, a high-grade gold-silver deposit, which includes the historic producing Independencia mine, located in the Cauca Belt, about 30 km southwest of Medellin. In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has recently been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain. Additional information on Denarius Metals can be found on its website at and by reviewing its profile on SEDAR+ at Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including the Offering, shareholders, regulatory and Cboe Canada approvals of the Offering, and the use of proceeds of the Offering. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 which is available for view on SEDAR+ at Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. SOURCE Denarius Metals Corp. View original content: Sign in to access your portfolio
