
Battery fires increasing in Toronto: city
Toronto saw a 38 per cent jump in fires related to the common power source last year, with 76 related fires in 2024 versus 55 in 2023. In 2022, there were 29 fires.
Seven months into 2025, Toronto Fire Services say they have already responded to 43 battery fires this year.
'We're seeing a concerning rise in fires caused by lithium-ion batteries, many of which are preventable,' Chief Jim Jessop said in a news release issued Monday, as the city launched its second annual 'This is Your Warning' public safety campaign to raise awareness about battery fires.
'This campaign is about giving residents the knowledge they need to stay safe. Fire prevention is a shared responsibility, together we can protect our homes, neighbours and our city.'
One of the fires crews responded to this year involved what the city described as a 'significant' highrise fire, which resulted in multiple injuries to both occupants and first responders. A subsequent investigation found a 'large quantity' of lithium-ion batteries were inside the affected unit and 'significantly contributed to the fire's growth and extent of smoke spread throughout the building.'
In early 2024, an e-bike battery failed on a TTC subway train and burst into flames, sending thick black smoke billowing through the train and had passengers running for safety. The bike's owner was sent to hospital with non-life-threatening injuries.
The city says lithium-ion batteries are 'generally' safe and power things like e-bikes, smartphones, laptops and toys. However, they warned that the batteries can become dangerous if damaged, tampered with or improperly stored.
'Many of the recent fires were caused by attempts to modify or extend the life of the batteries,' the city said.
To make sure you're using your battery safely, the city advises:
Keep the lithium-ion battery in sight while charging
Never tamper with or modify a battery
Only use certified, manufacturer-approved batteries and chargers
Stop using the lithium-ion battery and contact the manufacturer if there are any of the following problem signs: strange odours, discolouration, excessive heat, change in shape, leaking or odd noises
You can dispose of your old or damaged batteries at a city drop off depot here.
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Globe and Mail
21 minutes ago
- Globe and Mail
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No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 release. Forward-Looking Statements Except for the statements of historical fact, this news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. 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In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the Company's assets going forward; the Company's ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the negative impact of regulatory changes in the energy regimes in the jurisdictions in which the Company operates; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law. * ADJUSTED EBITDA – NON-IFRS MEASURE Adjusted EBITDA is a non-IFRS financial measure and should be read in conjunction with and should not be viewed as an alternative to or replacement of measures of operating results and liquidity presented in accordance with IFRS. Readers are referred to the reconciliations of non-IFRS measures included in the Company's MD&A and in the table below. The following table provides a reconciliation of net income to Adjusted EBITDA for the first two quarters of 2025: Q2 2025 Q1 2025 $ $ Loss before other items (10,385,750) (1,688,532) Taxes and Interest 20,390 (6,923) Depreciation 1,573,691 2,172,791 Revaluation of warrant liabilities 3,431,921 (2,919,893) FX 3,538,930 63,294 FV Changes (450,288) 109,966 Share based compensation 2,069,041 1,038,785 Adjusted EBITDA 248,223 (1,340,478) (U.S.$ in thousands except per share data) Six Months Ended June 30 2025 June 30 2024 Revenue from digital currency mining 2,161 9,779 Revenue from colocation services 9,570 3,637 Revenue from sale of electricity - 6,283 Revenue from sale of energy 5,657 2,490 Cost of sales (15,252) (17,177) Depreciation and amortization (3,746) (7,903) Gross profit (loss) (1,611) (2,890) General and administrative and other expenses (3,886) (2,262) Foreign exchange (3,602) 2,003 Gain on disposition of cryptocurrencies 654 271 Change in FV of loan payable and salaries payable (283) (20) Other Income - 14 Share based compensation (3,108) (750) Gain on revaluation of digital currencies 286 49 Operating loss (11,549) (3,586) Revaluation of warrant liabilities (512) 3,682 Net financial expenses (13) (17) Net loss before income taxes (12,074) 79 Deferred tax (expense) recovery - - Net income (loss) for the year (12,074) 79 Foreign currency translation adjustment 3,205 (1,847) Revaluation of digital currency, net of tax - - Total comprehensive income (loss) for the year (8,869) (1,768) Basic and diluted income (loss) per share (0.34) 0.00 Weighted average number of subordinate voting shares outstanding – diluted 35,799,779 29,297,364

National Post
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- National Post
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Globe and Mail
2 hours ago
- Globe and Mail
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