Canada, EU sign security, defence partnership
The partnership will provide a framework for dialogue and co-operation in security and defence priorities of the two sides, the news release said.
For Canada and the EU member states who are NATO Allies, this will also help deliver on capability targets more quickly and economically, it added.
"Canada's new government has a mandate to diversify and strengthen international partnerships. Through increased co-operation in defence, trade, and commerce, we'll create greater prosperity, security, and stability on both sides of the Atlantic," Carney was quoted as saying.
This new partnership is the intentional first step toward Canada's participation in Security Action for Europe (SAFE), an instrument of the ReArm Europe Plan/Readiness 2030, said the release.
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The Company also holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills Diamond Project (the "BH Project") located approximately 400 kilometres northwest of Edmonton, Alberta, Canada (see " Corporate Developments"). Fort à la Corne mineral properties The Company currently holds a 100% interest in certain Fort à la Corne ("FALC") kimberlites (see March 26, 2024, news release: Star Diamond Corporation completes acquisition of Rio Tinto's 75% interest in Fort à la Corne Joint Venture) including the Star and Orion South Kimberlites. The FALC mineral properties are located in the Fort à la Corne Provincial Forest, 60 km east of Prince Albert, Saskatchewan. Highway 55, located to the north of the Project, connects Prince Albert with several towns located directly north of FALC to the town of Nipawin, east of FALC. Highway 6 runs north south and is located to the east of FALC. Recent activities relating to the Star - Orion South Diamond Project and Fort à la Corne mineral properties The Revised Mineral Resources estimate (see July 24, 2024 news release: Star – Orion South Diamond Project Revised Mineral Resources Estimate) will now be incorporated into a re-optimized open pit mine plan for the Project, which will include a re-evaluation of Mineral Reserves and an economic assessment based thereon. It is anticipated that this work will be completed during 2025-26 and will result in an updated Pre-feasibility Study including a revised statement of Mineral Reserves for the Project, if warranted, and an economic assessment based thereon. Buffalo Hills mineral properties The Company holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills (BH) Project. 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Year to Date Results For the six months ended June 30, 2025, the Company recorded a net loss of $2,416 or $0.00 per share (2024 – net loss of $2,516 or $0.00 per share). The decrease in net loss was primarily due to the following: Exploration and evaluation expenditures decreased to $930 in 2025 (2024 - $1,202). Exploration and evaluation expenditures incurred during 2025 were primarily due to security and maintenance, continued diamond analyses, and test work for the FALC Project. Corporate development decreased to $32 in 2025 (2024 - $274) due to reduced marketing and publications issued in 2025. Loss on investment in Wescan Goldfields Inc. decreased to $nil in 2025 (2024 – loss of $58). Unwinding of discount of environmental rehabilitation provision increased to $132 in 2025 (2024 - $65). Change in derivative liability increased to a loss of $218 in 2025 (2024 - $nil) due to the changes in the fair values of the embedded derivatives of the convertible debentures. 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Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. All statements, other than statements of historical fact, are forward-looking statements. These forward-looking statements are based on Star Diamond's current beliefs as well as assumptions made by and information currently available to Star Diamond and involve inherent risks and uncertainties, both general and specific. 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However, two-lane passages are widely considered a safety concern. When collisions occur and force closures, it impedes the flow of all forms of traffic. The briefing, citing 2013-2017 data from Statistics Canada, notes that there is as much transport traffic on Highway 11 and 17 as there is on the Highway 401 corridor, but 'it is forced to spread over narrower, less safe roads.' FONOM is proposing a 2+1 design, which involves the construction of a third lane for passing. This lane alternates between either direction of traffic roughly every three to five kilometres, and includes a centre median, preventing unsafe passing. This design is common in countries such as Germany and Sweden. FONOM President Danny Whalen said he has not yet received a reply from Mr. Carney. What federal Bill C-5, the One Canadian Economy Act, is all about Association of Municipalities of Ontario President Robin Jones said in an interview that the proposal is 'brilliant' and said it is 'not near as expensive as twinning, but provides the benefits of twinning,' which is when a parallel route is constructed. The first phase looks to construct a 2+1 design on Highway 11 segments from North Bay to Cochrane, as well as on Highway 17 from Renfrew to Sudbury. The second phase would see the configuration extended from Cochrane to Nipigon on Highway 11; from Thunder Bay to Kenora on Highway 11 and 17; as well as on Highway 17 from Sault Ste. Marie to Sudbury. Mr. Whalen said he did not have a cost estimate for the project. However, a February op-ed from Northern Policy Institute, a Thunder Bay-based independent think tank, said it has been estimated that the cost of twinning an existing two-lane highway is about $3-million per kilometre. Turning that same road into a 2+1 configuration would cost between $500,000 and $1.5-million for the same distance, the op-ed argued. Mr. Whalen said that there are many economic projects that both levels of government are looking at in Northern Ontario, such as critical mineral development, 'but you can't do that without safe highways.' Bill C-5, which contains the Building Canada Act, allows the federal cabinet to deem projects to be of national interest and exempt them from various laws to speed up approvals and construction. Cabinet will consider the extent to which a project would strengthen Canada's autonomy, provide economic benefits, have a high likelihood of successful execution, advance the interests of Indigenous Peoples and contribute to clean growth and meeting the country's climate commitments. Senate passes Carney's signature bill to fast-track major projects Mr. Whalen said the proposal would benefit the many Indigenous communities that use the highways. The briefing note also notes the 2+1 design would have a smaller environmental footprint compared to full twinning. Mr. Carney has said that examples of nation-building projects could include highways. The Liberals also promised in their election platform to build infrastructure that connects communities, which could include the twinning of the Trans-Canada Highway. Bill C-5's major projects office is expected to be operational by Labour Day, when it can start accepting proposals. 'As the selection of national interest projects will be discussed with provinces, territories, and Indigenous Peoples, it would not be appropriate for the Government of Canada to comment on individual projects that may or may not be considered under the Building Canada Act process at this time,' said Privy Council Office spokesperson Pierre Cuguen in an e-mailed statement when asked about the proposals for Highways 11 and 17. 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Alberta canola farmer tired of taking one for the team in China tariff dispute
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