Globex Options Carp Fluorspar Project in Nevada to Australia's Evion Group

FRNT Financial Initiates Strategic Alternatives Review After "Multiple" Approaches

FRNT Financial's (FRNT.V) board of directors has initiated a formal review of strategic alternatives "intended to maximize shareholder value", the company said on Wednesday, adding it has been approached on "multiple occasions" regarding potential transactions over the past nine months."Though none were ultimately consummated, the frequency, nature, and progression of these approaches have led the board to conclude that there is meaningful realizable value in the Company that may not fully reflect its inherent or strategic value, and that a structured process is the appropriate means to evaluate and capture that value on behalf of all shareholders," it said.The company will consider a broad range of alternatives, as part of the strategic review, including, but not limited to, an uplisting to a senior exchange, strategic investments, mergers, acquisitions, divestitures, a going-private transaction, a business combination, and the continued execution of the company's existing standalone business plan, the company added.In connection with the strategic review, the company has engaged Joseph Gunnar & Co., LLC to act as financial advisor to the company. "FRNT cautions that such engagement should not be viewed as an indication that any specific process or transaction will be pursued," it said. "There can be no assurance that the Strategic Review will result in any transaction or any particular outcome, and the Company does not intend to comment further on the process unless and until the Board has approved a specific transaction or otherwise determines that further disclosure is appropriate or required."The strategic review is ongoing, and the company has not set a definitive timetable for its completion, it added. "After a difficult period for the crypto-industry, our informal and formal conversations over the last months have shown an investor readiness to scale FRNT, rerate the business, and capture new emerging opportunities," said CEO Stephane Ouellette. "With institutional tokenization finally emerging as a monetizable opportunity, the proliferation of institutional blockchain-based payments, and regulatory commitments giving investors more confidence, we believe this is the perfect time to investigate partners for the next chapter of FRNT's story and growth."Shares in FRNT fell 12% in Canada yesterday.

AtkinsRealis Buying Ireland-based engineering and project management consultancy firm TOBIN

Power Metallic Employing New Tomography Imaging Program at Lion Zone Discovery

Power Metallic (PNPN.V) has engaged Ideon Technologies to activate a borehole muon tomography imaging program at the Lion Zone discovery within the Nisk project in Quebec, the company said on Wednesday.The Ideon REVEAL solution will generate a high-resolution, three-dimensional density model of the rock composition in and around the Lion deposit, a statement said.The program is structured in two stages: first, validating the Ideon density model against Power Metallic's existing 100-plus hole drill dataset at Lion; then applying the calibrated mineralization fingerprint to rank and test deep targets across the 330 km Nisk district scale property that are below 200 metres, the detection limit of conventional surface-based geophysical methods.The survey will map the density of over 55 million cubic metres of rock volume. The imaging program is planned to run for six months, with the option to extend to eight months if needed to optimize resolution and establish the Lion Zone ore signature. The end result will be a three-dimensional density model of the deposit.Power Metallic shares closed unchanged at $1.48 on Tuesday on the Toronto Stock Exchange.