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Tocvan Announces Multiple Silver Zones In Debut Drill Results From The Gran Pilar Project North Block
Accessnewswire· 2026-01-23 07:05
Core Insights - Tocvan Ventures Corp. has announced the first analytical results from its initial drill program on the North Block of the Gran Pilar Project in Sonora, Mexico, indicating a promising silver-rich polymetallic system [1] Group 1: Drill Program Results - The initial five drillholes reported show strong evidence of high-grade silver (Ag) zones hosted within veins associated with silicified andesitic dikes and silicified andesite [1] - The presence of elevated levels of lead, zinc, antimony, and arsenic has been noted, which are key pathfinder elements typical of productive epithermal systems [1]
Reasons Why Investors Should Hold H&R Block Stock for Now
ZACKS· 2026-01-22 17:40
Core Insights - H&R Block (HRB) has a Growth Score of B, indicating a fair assessment of its growth quality and sustainability [2] - Earnings are projected to increase by 6% in fiscal 2026 and 7.9% in fiscal 2027, while revenues are expected to grow by 3.3% in fiscal 2026 and 2.4% in fiscal 2027 [2][9] Revenue Growth Drivers - Revenue growth is primarily driven by increased volume in U.S. assisted tax preparation, attributed to a rise in net average charge (NAC) and higher company-owned tax return volumes [3] - The DIY software offers comprehensive tax preparation services, empowering clients to manage their taxes independently through various platforms [3] Customer Relationship Enhancement - The Second Look offering reviews clients' past three years' tax returns to identify missed refund opportunities, thereby strengthening customer relationships [4] Technology Integration - H&R Block's commitment to technology advancement fosters customer trust and loyalty, with AI-powered tools enhancing the DIY tax preparation experience [5] Diversification and Client Base Expansion - Additional offerings such as Refund Transfers, credit products, and the Spruc mobile banking platform demonstrate the company's strategy to diversify and expand its client base [6] - The Spruc platform has achieved approximately 476,000 sign-ups and $1.75 billion in customer deposits by the end of fiscal 2025 [6][9]
Wealthfront Corp. ALERT: Securities Fraud Investigation by Block & Leviton Could Allow Investors to Recover Losses
Globenewswire· 2026-01-21 14:58
Core Viewpoint - Block & Leviton is investigating Wealthfront Corp. for potential securities law violations following significant net deposit outflows and disclosures regarding the CEO's stake in a new business venture [1][2]. Group 1: Company Performance - Wealthfront reported $208 million in net deposit outflows, a stark decline from the previous year's $874 million in inflows [2]. - The company's shares fell more than 15% on January 13, indicating a negative market reaction to the financial disclosures [2]. Group 2: Legal Investigation - Block & Leviton is looking into whether Wealthfront committed securities law violations and may pursue legal action to recover losses for affected investors [4]. - Investors who have lost money on their Wealthfront investments are encouraged to contact Block & Leviton for potential recovery options [3][5]. Group 3: Whistleblower Information - Individuals with non-public information about Wealthfront are invited to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [6]. Group 4: Firm's Reputation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
Angkor Resources' Subsidiary Identifies Drill Targets On Block VIII Oil & Gas, Cambodia
Thenewswire· 2026-01-21 12:50
Core Viewpoint - Angkor Resources Corp. announces that its energy subsidiary, Enercam Resources Cambodia Co. Ltd., has identified four drill targets for exploratory oil and gas wells in Block VIII based on seismic data interpretation [1][2]. Group 1: Drill Targets and Geological Insights - EnerCam's technical team has interpreted seismic data covering 350-line kilometers across four subbasins in Block VIII, including the Kirirom subbasin, within a 4095 square kilometer license area [2]. - Dr. David Johnson highlighted the rarity of finding an undrilled fold-belt with multiple large anticlines, indicating significant potential for oil and gas reserves [3]. - The primary traps in the Bokor structures are expected to be located in gently folded seals and reservoirs adjacent to angular unconformities, with potential for multiple gas or oil accumulations in each well [4]. Group 2: Project Advancement and Environmental Assessment - The next step for the project involves conducting an Environmental Impact Assessment on the targeted drilling areas in the Bokor structures [5]. - The structures in the Bokor basin show similarities to the productive Nam Phong and Sinphuhorn fields in Thailand, which have yielded significant gas production over the past 20 years [5]. Group 3: Drilling Plans and Technical Details - Drilling is planned to test two primary objectives in each well, with depths potentially exceeding 3000 meters to evaluate prospective zones [6]. - The identified drill targets include South Bokor (mean area of 57 square kilometers), Central Bokor (mean area of 54 square kilometers), and North Bokor (mean area of 100 square kilometers) [8]. Group 4: Company Overview and Stock Options - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia [11]. - The company has granted 250,000 stock options to consultants at a price of $0.35 per share, with a term of 12 months, as part of its Stock Option Plan [9].
Tocvan Provides Gran Pilar Gold-Silver Project Update Advancing Pilot Mine Development and Drilling on South Block
Accessnewswire· 2026-01-21 07:05
Core Insights - Tocvan Ventures Corp. has made significant progress in preparations for the pilot mine at the Gran Pilar Gold-Silver Project [1] - The company is gearing up for an expanded drilling campaign alongside the pilot mining operations [1] Company Developments - The site for pilot mining operations is actively being prepared by the company [1] - Upcoming drilling phase is part of the company's strategy to enhance exploration and development at the Gran Pilar project [1]
Block’s Lending Tops $200B Across Cash App, Afterpay, Square
PYMNTS.com· 2026-01-20 12:00
Core Insights - Block has provided over $200 billion in credit through its various products, including Cash App Borrow, Afterpay, and Square Loans [1] - The company focuses on inclusive lending, targeting customers often excluded from traditional credit systems, and reports strong repayment behavior among these borrowers [2] Product Performance - Cash App Borrow offers short-term loans averaging 21 days, with 70% of borrowers having FICO scores below 580, and boasts a 97% repayment rate [3] - Afterpay, a buy now, pay later service, has seen 96% of installments paid on time [3] - Square Loans, aimed at small businesses, reports a loss rate of less than 3% [3] Data Utilization - Block employs near real-time behavioral data for underwriting instead of relying solely on credit bureau reports [3] - The internal Cash App Score is based on customers' earning, saving, spending, and repayment patterns [4] Competitive Advantage - The integrated ecosystem of Block provides unique advantages over traditional banks and pure-play credit companies, enabling better customer experiences and underwriting [5] - The interconnectedness of Block's services enhances customer retention and financial management capabilities [6] Market Position - Cash App has emerged as one of the largest consumer finance platforms in the U.S., with millions of users treating it as their primary bank account [7]
Block's Lending Tops $200 Billion Across Cash App, Afterpay and Square
PYMNTS.com· 2026-01-20 12:00
Core Insights - Block has provided over $200 billion in credit through its Cash App Borrow, Afterpay, and Square Loans products, targeting customers often excluded from traditional credit systems [1][2] Group 1: Credit Products and Performance - Cash App Borrow offers short-term loans averaging 21 days, with 70% of borrowers having FICO scores below 580 and achieving a 97% repayment rate [3] - Afterpay, a buy now, pay later product, reports that 96% of installments are paid on time [3] - Square Loans, aimed at small businesses, has less than 3% loss rates [3] Group 2: Technology and Risk Management - Block utilizes near real-time behavioral data for underwriting instead of traditional credit bureau reports, enhancing repayment behavior among its customer base [3][4] - The company's internal Cash App Score is based on customers' earning, saving, spending, and repayment patterns, allowing for better risk assessment [4] Group 3: Integrated Ecosystem - Block's integrated ecosystem provides unique advantages over traditional banks and pure-play credit companies, enabling a comprehensive financial picture for better customer experience [5] - The interconnectivity of Block's services, such as Cash App users spending through Square merchants, enhances customer retention and lending insights [6] Group 4: Market Position - Cash App has emerged as one of the largest consumer finance platforms in the U.S., with millions of customers using it as their primary bank account [7]
ReconAfrica Announces Closing of C$36.8 Million Underwritten Offering, Funded to Advance Multi-Zone Production Testing at Kavango West 1X, Accelerate Follow-on Appraisal Drilling on Kavango Discovery and Advance Activities at Ngulu Block in Gabon
Globenewswire· 2026-01-19 19:20
Core Viewpoint - Reconnaissance Energy Africa Ltd. has successfully completed an underwritten offering, raising gross proceeds of C$36,800,098 to fund its capital program for 2026, which includes various exploration and operational activities [1][4]. Financing Details - The offering was led by Research Capital Corporation as the lead underwriter, with participation from Canaccord Genuity Corp. and Haywood Securities Inc. [2] - A total of 38,736,945 units were issued at a price of C$0.95 per unit, each consisting of one common share and one-half of a common share purchase warrant [3]. Use of Proceeds - The net proceeds from the offering will be allocated to: - Conducting extensive production tests and installing production casing at the Kavango West 1X discovery well - Advancing operations to spud the Kavango appraisal well - Re-processing seismic data at the Loba discovery and exploration inventory on the Ngulu block in Gabon - General corporate purposes and working capital [4][8]. Shareholder Changes - BW Energy Limited acquired 2,315,780 units in the offering, increasing its holdings to 26,338,780 common shares and 25,180,890 warrants, representing approximately 6.96% of the issued shares on an undiluted basis [5][7]. - Prior to the offering, BW Energy held approximately 7.08% of the issued shares, indicating a slight dilution in percentage ownership post-offering [6][7]. Insider Participation - Certain insiders of the company acquired a total of 107,000 units in the offering, which is classified as a related-party transaction [11]. - The company is relying on exemptions from formal valuation and minority security holder approval requirements due to the offering's fair market value being below 25% of its market capitalization [11]. Underwriter Compensation - The underwriters received a cash fee of 6% of the gross proceeds and additional broker warrants to acquire 2,148,045 common shares [13]. - An advisory fee of C$21,800 was also paid to the underwriters, along with advisory broker warrants [13]. Company Overview - ReconAfrica is engaged in oil and gas exploration in the Damara Fold Belt and Kavango Rift Basin, holding petroleum licenses over approximately 13 million contiguous acres [15].
Travere Therapeutics ALERT: Securities Fraud Investigation by Block & Leviton Could Allow TVTX Investors to Recover Losses
TMX Newsfile· 2026-01-16 18:20
Core Viewpoint - Block & Leviton is investigating Travere Therapeutics, Inc. for potential securities law violations following a significant drop in its stock price after the FDA extended the review timeline for its drug FILSPARI [2][4]. Group 1: Company Overview - Travere Therapeutics, Inc. is facing scrutiny after its shares were halted from trading due to a more than 30% decline in intraday trading on January 13, 2026 [2]. - The U.S. FDA has set a new PDUFA target action date of April 13, 2026, for the supplemental New Drug Application for FILSPARI, indicating that additional data is required to assess clinical benefits [2]. Group 2: Investigation Details - Block & Leviton is examining whether Travere Therapeutics adequately disclosed the risks associated with the FDA review extension and if prior communications were misleading [2][4]. - The firm is considering filing an action to recover losses for investors who have been affected by the stock price decline [4]. Group 3: Investor Eligibility - Any investor who purchased common stock of Travere Therapeutics and experienced a loss may be eligible to participate in the investigation, regardless of whether they have sold their shares [3]. Group 4: Whistleblower Information - Individuals with non-public information about Travere Therapeutics are encouraged to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [6]. Group 5: Firm Reputation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
Halper Sadeh LLC Encourages Block, Inc. Shareholders To Contact The Firm To Discuss Their Rights
Businesswire· 2026-01-14 22:40
Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Block, Inc. (NYSE: XYZ) towards shareholders [1] Group 1: Legal Actions and Shareholder Rights - Long-term shareholders of Block may seek corporate governance reforms, return of funds, court-approved financial incentives, or other benefits [2] - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees [2] Group 2: Importance of Shareholder Participation - Shareholder involvement is crucial for improving company policies, practices, and oversight, which can lead to enhanced shareholder value [3] Group 3: Firm's Background and Achievements - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having recovered millions for defrauded investors [4]