Latest news with #LMG
Cision Canada
6 days ago
- Business
- Cision Canada
IAN ROGERS INCREASES HOLDINGS IN LINCOLN GOLD MINING INC.
VANCOUVER, BC, July 16, 2025 /CNW/ - Ian Rogers (the " Acquiror") announces that on July 14, 2025 and July 15, 2025, the Acquiror completed transactions to acquire 4,500,000 common shares (the " LMG Shares") of Lincoln Gold Mining Inc. (" LMG") (TSXV: LMG) at a price of $0.20 per LMG Share, for aggregate consideration of $900,000.00. Immediately following the acquisition, the Acquiror had beneficial ownership, and control and direction of, a total of 4,942,000 LMG Shares, representing approximately 21.91% of the outstanding LMG Shares as of the date hereof (based on there being 22,559,831 LMG Shares outstanding per LMG's Management's Discussion and Analysis for the three months ended March 31, 2025). Immediately prior to the acquisition, the Acquiror had beneficial ownership, and control and direction of, 442,000 LMG Shares, representing approximately 1.96% of the outstanding LMG Shares. The acquisition was made through the facilities of the TSX Venture Exchange in reliance on the "private agreement exemption" contained in section 4.2 of National Instrument 62-104 - Take-Over Bids and Issuer Bids (" NI 62-104") on the basis that the purchase of the LMG Shares was not made from more than five persons in the aggregate, the offer to purchase was not made generally to all holders of LMG Shares, and the value of the consideration paid for the LMG Shares by the Acquiror pursuant to the acquisition, including any fees and commissions, was not greater than 115% of the market price of LMG Shares at the date of the acquisition as determined in accordance with NI 62-104. On April 15, 2025, certain holders of LMG Shares (the " Shareholders for Accountability") announced that they had requisitioned an annual and special meeting of shareholders for certain purposes, including to fix the number of directors of LMG at three and to elect a current director, Matthew Mikulic, and the Acquiror as the directors of LMG. The Acquiror intends to vote his LMG Shares in support of the Shareholders for Accountability at LMG's shareholder meeting scheduled for August 15, 2025. The Acquiror will continue to monitor the business, prospects, financial condition and potential capital requirements of LMG. Depending on the Acquiror's evaluation of these and other factors, the Acquiror may from time to time in the future decrease or increase, directly or indirectly, his ownership, control or direction over securities of LMG through market transactions, private agreements, subscriptions from treasury or otherwise, or may in the future develop plans or intentions relating to any of the other actions listed in paragraphs (a) through (k) of Item 5 of Form 62-103F1 – Required Disclosure under the Early Warning Requirements. LMG's head office is located at 789 West Pender St., Suite 400, Vancouver, British Columbia V6C 1H2. The LMG Shares are listed on the TSX Venture Exchange under the symbol LMG. A copy of the Early Warning Report to be filed by the Acquiror will be available on SEDAR+ under LMG's profile on For more information, or to obtain a copy of the Early Warning Report, please contact:
Time of India
26-06-2025
- Business
- Time of India
Bengaluru firm develops drone armed with AK-203 that can fire at targets from the air: Watch video
A Bengaluru-based defence company, BSS Alliance ( Bharat Supply and Service ), has developed a drone platform equipped with a firearm, designed for low-altitude tactical operations. The drone integrates with an assault rifle—ideally the AK-203—and is capable of surveillance as well as remote engagement. The system was recently tested in collaboration with the Indian Army . India's first AI-lethal weapon trial held in June 2025 Earlier this week, BSS Alliance also conducted a trial of India's first AI-powered LMG weapon system in partnership with the Indian Army. The system used an Israeli Negev light machine gun with a 7.62×51 mm barrel. Operated through artificial intelligence, the system was able to detect and engage targets using a remote interface. 'This is the first AI-driven weapon in India that can fire any gun up to .50 calibre,' said Vicki Chaudhary, co-founder of BSS Alliance, during a televised interview. She added that only a few companies worldwide have conducted successful trials of autonomous lethal weapon systems. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You Can Own a Villa In Dubai Today! (Click Here To Learn How) Expertinspector | Search Ads Click Here — BSS_Alliance (@BSS_Alliance) During the trials, the AI-enabled platform identified targets at a distance of 300 metres and engaged them accurately up to 600 metres. The weapon's effective range is rated at 1,000 metres. Live Events Features and technical details of the platform The AI-based weapon system is equipped with both thermal and optical sensors. These allow the system to detect targets in low visibility and calculate ballistic paths based on wind, temperature, and distance. The weapon can be operated via an encrypted remote communication network. Also Read: Indian Army is testing an AI machine gun that can detect, decide and destroy enemy on its own: Watch live demo According to BSS Alliance, initial tests began in Roorkee on April 5. The system was also tested in high-altitude conditions at 14,500 feet. The platform can function autonomously inside a bunker for up to 21 days and can also be installed on vehicles and naval ships using a stabilised mount. India's AI defence strategy and drone push The Indian Army has been gradually moving towards automation and AI-enabled systems. The government has allocated ₹100 crore annually for AI-based projects in the defence sector as part of the 'Make in India' initiative. This strategy also supports the development of domestic defence manufacturing capabilities and potential for exports. In 2020, India procured 16,479 Negev machine guns from Israel, with the total requirement projected at 40,000 units. The current AI-enabled drone platform tested by BSS Alliance is part of this shift towards advanced and indigenous defence technologies. — BSS_Alliance (@BSS_Alliance) Modernising assault rifles across Indian forces The Indian Army has set a requirement for around 8.16 lakh new 7.62mm rifles to replace ageing 5.56mm INSAS rifles. The AK-203 rifle , jointly made under an Indo-Russian agreement, is one of the key replacements. India has placed an order for 770,000 of these rifles. Additionally, India acquired 140,000 SIG716 rifles from the United States to meet immediate needs. The integration of such rifles into new platforms—including AI-powered drones—shows a broader push to modernise small arms systems across the armed forces.
India Today
14-06-2025
- India Today
328 firearms, explosives seized in overnight security operation in Manipur
Security forces across five valley districts of Manipur recovered a cache of 328 firearms along with large quantities of ammunition and explosive materials. The operation was carried out on the midnights of June 13 and 14 based on specific intelligence inputs, Manipur Director General of Police (DGP) seized arms include 151 SLR rifles, 65 INSAS rifles, 73 other rifles, 5 carbine guns, 2 MP5 guns, 12 LMG rifles, 6 AK-series rifles, 2 Amogh rifles, 1 AR-15 rifle, 1 mortar, 6 pistols, 2 gun barrels, and 2 flare addition to the firearms, the forces recovered 591 assorted magazines and thousands of rounds of ammunition, including 3,534 SLR rounds, 2,186 INSAS rounds, 2,252 .303 rounds, 234 AK rounds, 407 Amogh rounds, and 20 9mm rounds. Explosive materials seized during the operation included 10 grenades, three Lathodes, seven detonators, and three para shells. Joint teams of Manipur Police, Central Armed Police Forces (CAPFs), the Indian Army, and the Assam Rifles launched search operations targeting areas on the outskirts of the valley districts. Acting on credible information regarding the presence of illegal weapons, the teams conducted extensive searches, leading to one of the largest arms recoveries in recent police termed the operation a significant breakthrough in efforts to restore stability in Manipur, which has been grappling with ethnic and political unrest since May intelligence-based operations mark a significant achievement in our commitment to maintain public order and protect the lives and properties of citizens,' the DGP's office police officials are reportedly working closely with all security stakeholders to sustain and expand such operations. Authorities have urged citizens to remain vigilant and report any suspicious activities or information regarding illegal arms to the nearest police station or the Central Control Room. IN THIS STORY#Manipur
New Indian Express
14-06-2025
- New Indian Express
Massive arms haul in Manipur, 151 SLRs among 328 firearms recovered
GUWAHATI: In a massive arms haul, Manipur Police and security forces recovered over 300 guns along with a huge quantity of ammunition during simultaneous operations carried out in the five districts of the Imphal Valley on the intervening night of June 13 and 14. Altogether 328 weapons were recovered – SLR 151, INSAS 65, rifles of other kinds 73, carbines 5, MP5 2, LMG 12, AK series rifles 6, Amogh rifles 2, mortar 1, pistols 6, barrels 2, AR15 gun 1 and flare guns 2. According to Additional Director General of Police Lhari Dorjee Lhatoo, the police acted on intelligence inputs about the presence of a large cache of arms and ammunition hidden in different areas of the Imphal Valley districts. Simultaneous search operations were launched at different locations by joint teams of Manipur Police, Central Armed Police Forces, Army and Assam Rifles, leading to the recovery of the weapons.
India Today
09-06-2025
- Business
- India Today
India successfully tests AI-enabled light machine guns in high-altitude terrain
In a step towards enhancing autonomous combat capabilities, India on Monday successfully tested an artificial intelligence-enabled light machine gun (LMG) system in high-altitude terrain. Developed by Dehradun-based defence firm BSS Material Ltd., the AI-powered Negev LMG underwent trials in collaboration with the Indian Army at an altitude of 14,000 feet, officials advanced weapon system demonstrated its ability to autonomously identify and engage targets in challenging mountain environments, a crucial advantage for operations along India's rugged border trials, focused on functionality and accuracy, are part of a broader push to modernise the armed forces through indigenous innovation under the 'Make in India' and 'Aatmanirbhar Bharat' initiatives. According to BSS Material, the AI-integrated system maintained stable target acquisition, adaptive fire control, and semi-autonomous surveillance throughout the trials. Engineers said the weapon's core lies in a sophisticated multi-sensor AI module capable of automatic target detection, friend-foe classification, and real-time technological features include:Thermal and optical sensor fusion for precision targetingBallistic compensation for wind, range, and temperature variablesEncrypted remote command compatibilityThe AI-powered Negev system is designed for deployment in high-risk or logistically challenging environments. It can be used for base defence, convoy protection, and perimeter security where constant threat levels require rapid response but troop deployment remains the modular nature of the system, BSS engineers noted that the AI module is platform-agnostic and can be integrated with a wide range of weapon systems, from light machine guns to anti-drone solutions. Deployment options include tripods, remote weapon stations (RWS), unmanned ground vehicles (UGVs), and static test followed Operation Sindoor, where Indian weapons outperformed their Pakistani counterparts in field conditions. With the integration of AI in weapons like the Negev, India aims to extend its strategic reach into remote and high-risk zones with reduced dependence on manpower.
