Business
Delta Resources Announces Closing of the Delta-2 Option with Troilus Mining Delivering up to $8.25M Non-Dilutive Funding and 1% NSR Royalty
Toronto, Ontario--(Newsfile Corp. - February 17, 2026) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) ("Delta" or the "Company") is pleased to announce that it has received conditional approval from the TSX Venture Exchange ("TSXV") for its previously announced option agreement (the "Option Agreement") with Troilus Mining Corp. ("Troilus") (TSX: TLG), pursuant to which Troilus may acquire a 100% undivided interest in Delta's Delta-2 mineral claims located approximately 35..
About this update from Delta Resources Limited
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - February 17, 2026) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) ("Delta" or the "Company") is pleased to announce that it has received conditional approval from the TSX Venture Exchange ("TSXV") for its previously announced option agreement (the "Option Agreement") with Troilus Mining Corp. ("Troilus") (TSX: TLG), pursuant to which Troilus may acquire a 100% undivided interest in Delta's Delta-2 mineral claims located approximately 35 kilometres southeast of Chibougamau, Québec. Final approval is expected to be received upon fulfilment by the Company of standard regulatory filing requirements.","length":724,"tagName":"p"},{"type":"text","content":"Strategic Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Up to C$8.25 million in staged cash and/or share payments over three years","length":74,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Initial C$1.0 million payment received as at closing","length":52,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Non-dilutive funding expected to support advancement of the Delta-1 Gold Property","length":81,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"1.0% Net Smelter Return ("NSR") royalty retained, with long-term exposure to exploration success","length":106,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Troilus to fund all exploration and claims maintenance during the option period","length":79,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":392,"olType":false},{"type":"text","content":"Frank Candido, Chairman of Delta, commented:","length":44,"tagName":"p"},{"type":"text","content":""This agreement allows us to unlock immediate value from Delta-2 through non-dilutive funding and royalty exposure, while maintaining strategic focus on advancing the rapidly evolving Delta-1 Gold Property in Thunder Bay, Ontario."","length":241,"tagName":"p"},{"type":"text","content":"Ron Kopas, Chief Executive Officer (Interim) of Delta, commented:","length":65,"tagName":"p"},{"type":"text","content":""The initial funding, combined with Delta's disciplined cost structure, positions the Company to accelerate exploratio...