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Operations: Delta Resources Limited has not reported any revenue segments.

Market Cap: CA$12.82M

Delta Resources Limited, with a market cap of CA$12.82 million, is pre-revenue and focused on expanding its exploration footprint in Canada. The company recently raised up to CA$5 million through a private placement to fund its projects, indicating proactive capital management despite past shareholder dilution. Delta's short-term assets of CA$2.6 million comfortably cover its liabilities, though it faces challenges with a limited cash runway and ongoing losses. Recent acquisitions have expanded Delta's land holdings significantly around the Eureka Gold Deposit, enhancing potential for future gold discoveries while maintaining a debt-free status and no long-term liabilities.

• Unlock comprehensive insights into our analysis of Delta Resources stock in this financial health report.

• Assess Delta Resources' previous results with our detailed historical performance reports.

ZincX Resources

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: ZincX Resources Corp. is involved in the acquisition, exploration, and evaluation of mineral resource properties in Canada with a market cap of CA$15.97 million.

Operations: ZincX Resources Corp. does not have any reported revenue segments.

Market Cap: CA$15.97M

ZincX Resources Corp., with a market cap of CA$15.97 million, is pre-revenue and focused on mineral exploration in Canada. The company has no debt and maintains a seasoned board with an average tenure of 17 years, providing stability in governance. Despite being unprofitable, ZincX has reduced its losses over the past five years by 3% annually and holds sufficient cash runway for over a year based on current free cash flow. However, short-term assets of CA$717.9K do not cover liabilities of CA$1.5M, indicating potential liquidity challenges amidst high share price volatility.

• Take a closer look at ZincX Resources' potential here in our financial health report.

• Review our historical performance report to gain insights into ZincX Resources' track record.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include CNSX:CRUZ TSXV:DLTA and TSXV:ZNX.

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