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The latest announcement is out from Delta Resources ( (TSE:DLTA) ).
Delta Resources has entered into an option agreement allowing Troilus Mining Corp. to earn a 100% interest in its Delta-2 mineral claims in Québec by making staged payments totaling C$8.25 million through December 15, 2028, payable in cash and/or Troilus shares, while Delta retains a 1% net smelter return royalty, half of which is buyable back for C$500,000. Troilus will operate and fund all exploration and maintenance on the 21,783-hectare Delta-2 property during the option period, providing Delta with non-dilutive capital—beginning with C$2.5 million in 2026—to strengthen its balance sheet and allow management to concentrate on advancing the Delta-1 Gold Property in Ontario, thereby crystallizing near- and medium-term value from Delta-2 while preserving long-term exposure to potential production.
The most recent analyst rating on (TSE:DLTA) stock is a Hold with a C$0.18 price target. To see the full list of analyst forecasts on Delta Resources stock, see the TSE:DLTA Stock Forecast page.
Spark’s Take on TSE:DLTA Stock
According to Spark, TipRanks’ AI Analyst, TSE:DLTA is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn with shrinking equity). Technicals provide some support due to the price trading above major moving averages, but the overbought RSI increases near-term downside risk. Valuation remains pressured because the company is unprofitable and offers no dividend support.
To see Spark’s full report on TSE:DLTA stock, click here.
More about Delta Resources
Delta Resources Limited is a Canadian mineral exploration company focused on gold and base-metal projects, with key assets including the Delta-1 Gold Property in the Thunder Bay district of Ontario and the Delta-2 Project in Québec’s Abitibi Greenstone Belt. Operating in established mining jurisdictions with strong infrastructure and support for responsible development, the company targets highly prospective land packages and seeks to finance its exploration programs through non-dilutive structures while maintaining exposure to long-term upside via royalty interests.
Average Trading Volume: 219,438
Technical Sentiment Signal: Buy
Current Market Cap: C$30.55M
For an in-depth examination of DLTA stock, go to TipRanks’ Overview page.