The TSX Venture Exchange has accepted for filing a property acquisition agreement dated April 24, 2023, between Delta Resources Ltd. and arm's-length vendors, pursuant to which the company has acquired eight additional claims near its Delta-1 property in Thunder Bay, Ont. Under the agreement, the company will issue 80,000 common shares to the vendors to earn a 100-per-cent interest in the claims. The vendors will retain a 2-per-cent net smelter return (NSR) royalty, of which the company can elect to buy back 1 per cent at any time for the sum of $1-million.

For further details, refer to the company's news release dated May 4, 2023.