Owning the Materials Layer of Quantum

Delta Gold Technologies plc (AQUIS: DGQ) (OTCQB: DGQTF) is developing intellectual property (IP) for the quantum computing (QC) sector. Its research is centered on the use of nano-scale gold and advanced materials, drawing on their unique physical properties for potential application in quantum computing systems¹.

Delta’s strategy is to:

• Sponsor and collaborate with leading global universities
• Fund cutting-edge research in quantum materials
• Develop and secure patents around resulting IP
• License that technology globally on commercial terms

The Company funds university research to secure exclusive rights to resulting intellectual property. It targets foundational materials innovation within the broader quantum computing value chain and intends to monetize through global licensing.

Recent examples include a Research Sponsorship and IP agreement with the University of Toronto, under which Delta Gold will retain 100% ownership of all IP developed through the collaboration². This was followed by a Research Sponsorship and exclusive Technology Licensing Agreement with Penn State University, announced on 12 February 2026³, marking another step toward establishing a “Centre of Excellence” in quantum computing research.

Investors track Delta Gold Technologies because it offers exposure to the emerging quantum computing sector through a focused IP strategy centered on advanced materials. The company combines university-backed research, exclusive licensing rights, and an asset-light operating model aimed at developing and commercializing patentable technologies.

Interest is also driven by its access to specialized quantum research teams, structured royalty agreements, and its positioning as a publicly listed company targeting long-term opportunities in next-generation computing materials.

#The Investment Case

Delta Gold Technologies is building an intellectual property position in quantum computing materials through university partnerships, with a strategy focused on securing exclusive rights to research-driven innovations for future commercial licensing.

Interest in quantum computing has been mounting, with governments, technology companies, and research institutions allocating significant research funding to the field. One of the key technical challenges holding back commercial-scale quantum systems is materials science, specifically, finding materials capable of stabilizing qubits.

#Core Business Drivers

What are Qubits?

Qubits, quantum bits that can represent 0, 1, or both simultaneously, are what give quantum computers their exponential power over classical machines. But they're also notoriously unstable, losing their quantum state within microseconds when exposed to environmental interference. This is the area Delta Gold Technologies is zeroing in on.

#Management Strategy & Priorities

Based on recent announcements and agreements, management is currently focused on five core priorities:

1. Expanding the University Research Network
2. Securing and Controlling IP
3. Building a “Center of Excellence” in Quantum Materials
4. Advancing Patent Development
5. Maintaining Capital Efficiency

#Key Factors to Consider

Delta’s framework centers on converting university-based quantum materials research into defensible IP with global licensing potential. Progress in patent filings, expansion of research partnerships, and structured commercial agreements are central indicators of execution. Broader developments in quantum computing investment, government funding, and industry adoption may also influence the strategic relevance of advanced materials innovation.

Companies at this stage are typically valued based on the strength and scope of their IP portfolio, the credibility of their research platform, cash position, and positioning within a high-growth technology theme. In emerging deep-tech sectors, valuation ranges often reflect perceived strategic optionality and milestone progress rather than traditional revenue or earnings metrics.

#How The Company Makes Money

Delta Gold Technologies is currently pre-revenue. The Company’s business model centers on building a portfolio of defensible quantum materials patents through university-sponsored research and securing exclusive licensing rights to that intellectual property.

Revenue is expected to be generated through licensing agreements and royalty-based arrangements with third parties that incorporate the Company’s IP into commercial products or technologies.

#Operating Costs

Delta’s largest direct operating commitment is payments to university partners under structured research agreements (e.g., multi-year sponsored research programs). IP costs include patent drafting and filing fees, international patent protection, and ongoing legal maintenance costs. Corporate overheads include executive compensation, professional fees and IR costs, along with financial reporting expenses and regular working capital and admin expenses.

University of Toronto Program

Under the current sponsorship agreement at the University of Toronto², Delta has committed CAD $3 million over three years, with the first-year payment completed. The Company retains a global exclusive 100% licensing interest in all developed intellectual property under the agreement.

Penn State University Program

Under the Penn State agreement³, Delta has committed up to approximately $3 million over three years in sponsored research funding. In return, the Company receives an exclusive, sublicensable, royalty-bearing license to resulting IP (excluding human health applications), with a 1% running royalty payable after cumulative net sales exceed $20 million.

Because the company does not operate manufacturing facilities, it avoids capital expenditure typical of hardware or fabrication businesses. However, its cash runway will depend largely on research commitments, IP strategy, and corporate overhead discipline.

#Scalability Considerations

At the heart of Delta’s strategy is contributing to one of the most important building blocks in quantum computing: the qubit. Creating quantum systems that are both stable and scalable remains a central focus across the industry, and materials science is widely viewed as a key part of that equation.

While quantum computers already exist, improving qubit reliability is an active area of research as teams work to reduce error rates and environmental sensitivity. The Company’s approach begins at the fundamental physics and materials layer, without being committed to a single qubit architecture. This may allow the Company’s materials innovations to be flexibly relevant across multiple qubit approaches as the industry evolves.

Delta does not need to solve every aspect of quantum computing to be relevant; even material-level advances that improve stability, reduce errors, or support scalability could be strategically valuable. Incremental progress in these areas has the potential to attract meaningful interest from both industry participants and research institutions.

Delta Gold Technologies’ research is centered on nano-scale gold and related advanced materials. The company is assembling a portfolio of exclusive patents and licensing rights through university partnerships, with the goal of positioning that IP for eventual licensing to organizations developing quantum computing hardware and related technologies.

#University of Toronto

At the University of Toronto, Delta’s research program is being conducted in dedicated laboratory space at the University’s Centre for Nanotechnology, supported by a team including senior researchers, postdoctoral fellows, and graduate students. Access to advanced nanotechnology instrumentation provides the technical infrastructure required to execute the research program².

The research team is led by Principal Investigator, Professor Harry Ruda, Chair in Nanotechnology at the University of Toronto, whose background includes a PhD from MIT, a postdoctoral fellowship at IBM’s Thomas J. Watson Research Center, and an extensive publication and patent record in quantum nanostructures.

Professor Ruda is a recognized leader in the field of quantum research and is chairing the World Quantum Computing & Engineering Summit in Bern, Switzerland, in June 2026³, reflecting his standing within the international scientific community.

Professor Ruda commented:

"We have been very fortunate to attract some top people in the world to collaborate on our team, we are underway in our research for Delta Gold Technologies, and we look forward to pioneering our ideas in the years ahead."

#Penn State University

Penn State’s published work on gold-based quantum structures aligns closely with Delta’s nano-scale gold research at the University of Toronto, reinforcing the Company’s materials-focused approach across multiple institutions.

The Penn State agreement⁴ represents a second major university partnership, demonstrating the scalability of Delta’s research sponsorship and exclusive licensing model across institutions.

R. Michael Jones, Chief Executive Officer of Delta, commented:

"We are very excited to work with Penn State, a top American University with extraordinary abilities in materials science and engineering. Amazingly, independently they were investigating the properties of nano scale gold and other materials for quantum computing at the same time as our work that is on-going at University of Toronto with similar materials.

Signing an agreement with Penn State adds to our portfolio of potential IP and is a direct execution step of our mission to establish a "Centre of Excellence" in Quantum Computing Research. The opportunity for top universities to collaborate is extremely exciting in the developing field."

#Differentiation & IP

The Company’s differentiation lies in its access to specialist quantum research teams at leading global universities, allowing the company to secure exclusive intellectual property rights from sponsored research, subject to agreed exclusions. These innovations are protected through patent filings, forming the foundation of a defensible IP portfolio designed for future licensing.

Management brings prior experience commercializing patented technologies, including five battery-sector patents that advanced toward commercialization. Together, this approach positions the company within a critical materials layer of the quantum computing architecture.

#Development Roadmap

Over the next 24 months, Delta plans to expand its global footprint in quantum materials research by adding new university partnerships and advancing patent development. These efforts are intended to grow a deeper portfolio of protected IP, supported by defined research milestones and provisional filings.

Looking beyond that window, the company aims to transition from development to monetization through licensing agreements, commercial partnerships, and structured collaborations across the quantum ecosystem. Progress over time is expected to be reflected in continued IP growth, technical validation, and increasing engagement with potential industry partners.

Delta operates at the materials layer, targeting innovations that could support qubit stability and scalability. Improvements at the materials level may have cross-platform applicability, potentially benefiting multiple quantum architectures rather than being limited to a single hardware design. Delta’s positioning is upstream from system integrators and application developers, positioning the company within the foundational enabling technologies of the quantum ecosystem.

As an early-stage company operating in a developing technology sector, several factors may influence execution and long-term outcomes.

#Sources of Uncertainty

Delta Gold Technologies operates in the early-stage quantum computing sector, where technological timelines remain uncertain. Commercial viability depends on continued progress in qubit stability, error correction, and system scalability across the broader industry.

As a pre-revenue company, future monetization depends on successful patent development, licensing agreements, and broader market demand for quantum-enabled solutions. Research outcomes, patent defensibility, competitive technological approaches, access to capital, and market sentiment toward emerging technologies may all influence long-term outcomes.

#What to Monitor

• Patent filings and IP scope
• Expansion of university partnerships
• Research progress on qubit stability or error reduction
• Licensing or commercial engagement activity
• Cash position and funding strategy
• Broader advances in scalable quantum architectures
• New and notable investors.
• A significant proportion of shares are held by long-term investors.

The Company’s leadership combines capital markets experience, company formation expertise, and intellectual property commercialization background.

#Leadership Overview

Delta Gold Technologies was founded by four senior capital markets professionals with more than 70 years of combined experience across UK and international markets¹⁰. The founding group has collectively delivered over 10 IPOs across the UK, Canada, and the United States and has raised more than £1.5 billion in growth capital.

The leadership team combines public market experience, operational execution, governance oversight, and sector-specific expertise in technology and resource-driven businesses. The Company has been structured with formal board committees and governance frameworks appropriate for a publicly listed entity.

#Management Team Bios

R. Michael Jones – Chief Executive Officer

Michael is a professional engineer with over 40 years of experience founding and scaling companies. He has previously built companies to market capitalizations exceeding $1 billion. In prior ventures, he partnered with universities to develop patented technologies in the battery and platinum group metals space, progressing innovations toward commercialization. His experience spans IP origination, public listings, capital raising, and strategic partnerships.

Mark Burnett – Non-Executive Chairman

Mark brings investment and corporate finance experience across North America, South America, Australia, and Africa. Mark serves as Director of Mining Investments at a London-based specialist mining investment firm. He has worked across extractive industries including copper, precious metals, and lithium. He holds an MPhil from the University of Oxford and has served as an Officer in the British Armed Forces.

Adam Monaco – Independent Non-Executive Director

Adam is a member of Chartered Accountants Australia and New Zealand with over 10 years of professional experience. He began his career in audit and assurance with RSM Australia, specializing in SMEs across industries including mining, manufacturing, and biotech. After relocating to the UK, he focused on supporting high-growth, venture-backed technology start-ups, delivering practical solutions to complex financial and operational challenges.

Jamie Tosh – Non-Executive Director

Jamie is an experienced Project Manager and Operations Executive with over 20 years of international experience across the UK, Australia, Africa, and Canada. He has held senior management roles in both private and publicly listed companies, contributing to company formation, restructuring initiatives, and operational management. Jamie holds a Diploma in Corporate Governance.

Patrick Severide – Independent Non-Executive Director

Patrick is a technology executive with experience spanning corporate law and senior operating roles in high-growth technology companies. He has led commercial initiatives across enterprise software and legal AI businesses, focusing on scaling operations and driving growth. Patrick began his career as a corporate lawyer at Blake, Cassels & Graydon LLP, advising on M&A and capital markets transactions. He holds a Juris Doctor from the University of British Columbia and an Honors in Business Administration from Ivey Business School.

#Track Record Summary

• 10+ IPOs collectively delivered across multiple jurisdictions
• £1.5+ billion in capital raised across prior ventures
• Multiple companies built from start-up to substantial market capitalizations
• Prior commercialization of patented technologies (including battery-sector IP)
• Demonstrated ability to originate, structure, and list public companies
• Founders hold a significant equity position, supporting alignment with shareholders

The Company has established an Audit & Risk Committee, Remuneration Committee, and AQSE Rules Compliance Committee, with plans to establish a Technical Steering Committee to support scientific oversight.

This combination of capital markets execution, IP development experience, and formal governance structures is intended to support the Company’s research-driven, publicly listed model.

• Foundational Materials Exposure: Delta Gold is focused on materials science, specifically nano-scale gold and advanced materials, targeting qubit stability, one of the core technical challenges in quantum computing.
• Exclusive IP + Asset-Light Model: The Company is building a portfolio of exclusive, university-developed patents designed for global licensing.
• Structured University Partnerships: Formal agreements with the University of Toronto and Penn State University provide access to specialized research teams and facilities, supporting systematic IP generation.
• Roadmap Toward Licensing: The near-term focus is on expanding patent coverage and research collaborations, with a stated objective of transitioning toward licensing and partnership-driven monetization over time.
• Public Market Access to an Early-Stage Theme: Listed on Aquis (DGQ) and OTCQB (DGQTF), Delta provides interested investors access to a developing quantum computing materials strategy at a pre-revenue stage.
• Experienced Capital Markets Leadership: Management brings prior experience in IPO execution, capital raising, and commercialization of patented technologies.