Delta Resources Announces First Closing of a Premium Charity Flow Through Financing

Delta Resources Limited successfully closed the initial tranche of its non-brokered charity flow-through financing, raising gross proceeds of $5.76 million through the issuance of 23.5 million units priced at $0.245 per unit. This represents the first closing of a previously announced offering that was upsized in April 2026. Each unit consists of one flow-through share and half a warrant exercisable at $0.28 for 30 months.

The financing structure leverages Canada's flow-through share tax incentives, allowing investors to claim deductions for exploration expenses while supporting the company's advancement of its flagship Delta-1 Gold Project. The company paid finder's fees totaling $48,928 in cash plus 213,267 compensation warrants, indicating professional broker involvement in the placement.

The Delta-1 Gold Project represents a significant asset in Ontario's mining landscape, located strategically 50 kilometers west of Thunder Bay adjacent to the Trans-Canada Highway. The property spans 341.6 square kilometers and hosts the Eureka Gold Deposit, which extends over 2.5 kilometers in strike length with mineralization extending to depths exceeding 300 meters. Historical drilling has delivered compelling intercepts including 5.92 g/t gold over 31 meters and 1.79 g/t gold over 128.5 meters.

This financing provides Delta Resources with the capital necessary to advance exploration on what appears to be a large, near-surface gold system that remains open in all directions. The charity flow-through structure should appeal to retail and institutional investors seeking tax-efficient exposure to Ontario gold exploration, while the company's proximity to existing infrastructure positions it well for potential development scenarios.