Every 10-Q that NORTHERN MINERALS & EXPL (NMEX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NMEX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NMEX filings page.
Northern Minerals & Exploration Ltd. filed its quarterly report for the period ended April 30, 2026, showing it remains a pre-profit natural resources company with growing activity in oil and gas.
For the three months, the company generated $8,382 of revenue from Oklahoma oil and gas interests and recorded a net loss of $58,993. For the nine months, revenue was $22,901 with a net loss of $232,258, expanding the accumulated deficit to $4,154,053.
Liquidity remains tight, with $16,684 in cash and total liabilities of $645,542 against a stockholders’ deficit of $412,106. Management states that recurring losses, negative cash flow and funding needs "raise substantial doubt" about the company’s ability to continue as a going concern.
The company invested in 0.50096 Bitcoin, carried at $38,220, and relies heavily on related-party financing, including a $377,000 line-of-credit balance. Subsequent events include conversion of $414,942 of related-party debt into 8,298,833 shares and a memorandum of understanding to acquire additional mineral leasehold for cash and stock.
Northern Minerals & Exploration Ltd. reported its first meaningful oil and gas revenue but remained deeply unprofitable for the quarter ended January 31, 2026. Revenue reached $9,454 for the quarter and $14,519 for the six months, all from working interests in 14 Oklahoma wells, yet gross margin was only $2,000 for the six‑month period.
The company posted a quarterly net loss of $110,057 and a six‑month net loss of $173,265, widening year over year, and used $135,340 of cash in operating activities. At January 31, 2026 it had cash of just $8,580, total assets of $219,712, total liabilities of $572,825, and a stockholders’ deficit of $353,113. Management disclosed substantial doubt about its ability to continue as a going concern and expects to rely on equity financing and related‑party debt.
During the period the company purchased 0.50096 Bitcoin for $42,560, recorded at a fair value of $38,982 with an unrealized loss of $3,157. Debt remains significant, including a $15,000 promissory note in default, an $85,000 note at 6% interest, and $317,000 outstanding on a line of credit from a former director. Common shares outstanding increased to 111,488,932 as of March 16, 2026, partly due to stock issued for oil and gas rights and for services.
Northern Minerals & Exploration Ltd. reports results for the quarter ended October 31, 2025. The company generated its first oil and gas revenue of $5,065 from its interest in 14 wells, producing a small gross margin of $109. Operating expenses of $59,536 and interest expense of $3,781 led to a net loss of $63,208, an improvement from a $77,462 loss a year earlier.
Total assets were $170,966, including $151,456 of oil and gas properties, while total liabilities reached $457,522, resulting in a stockholders’ deficit of $286,556. Cash was $8,270, and operations used $57,789 of cash, largely offset by $62,000 of new related-party borrowing.
The company discloses an accumulated deficit of $3,985,003, outstanding loans to third parties and a related party, including a $15,000 note in default and $197,000 drawn on a related-party line of credit. Management states that these conditions raise “substantial doubt” about its ability to continue as a going concern and plans to rely on equity financing and credit facilities. As of December 15, 2025, there were 111,238,932 common shares outstanding.