Delta Resources Announces Upsize Previously Announced Premium Charity Flow Through Financing

Delta Resources Limited has announced an upsize to its previously announced premium charity flow-through financing, increasing the offering to $6.5 million through the issuance of up to 26.5 million charity flow-through units at $0.245 per unit. The non-brokered private placement is being arranged with Wealth Creation Preservation & Donation Inc. and includes warrants exercisable at $0.28 for 30 months following issuance.

The financing structure utilizes flow-through provisions under the Income Tax Act (Canada), requiring the company to incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures by December 31, 2027. This approach provides tax advantages to investors while ensuring funds are directed toward exploration activities on Canadian properties.

Proceeds from the offering will be used to conduct further exploration at Delta's flagship Delta-1 property located approximately 50 kilometers west of Thunder Bay, Ontario. The property hosts the Eureka Gold Deposit, which extends over 2.5 kilometers in strike length and to depths exceeding 300 meters, with mineralization observed to approximately 600 meters vertical depth and remaining open in all directions.

The financing is subject to TSX Venture Exchange approval and is expected to close around April 30, 2026. For Delta Resources, this upsize demonstrates continued investor interest in the company's Thunder Bay gold project and provides additional capital to advance exploration on what the company describes as a large, near-surface gold system spanning 297 square kilometers with multiple prospective mineralized corridors.