Northern Minerals & Exploration Ltd. filed its annual report on Form 10-K for the fiscal year ended July 31, 2026, with the SEC on November 3, 2026, disclosing operational details, financial condition, and share count information for the Nevada-incorporated natural resource company.

Key Highlights

  • Shares outstanding: As of November 3, 2026, the company had 120,029,425 common shares issued and outstanding, according to the filing.
  • Non-affiliate market value: The aggregate market value of common equity held by non-affiliates was approximately $15,068,960, based on 82,705,599 non-affiliate shares at $0.1822 per share as of the last business day of the second fiscal quarter.
  • Operations described: The company reported operating in oil and gas production in central Texas and exploration for gold and silver in northern Nevada.
  • Subsidiaries with no activity: Kathis Energy LLC and ENMEX Operations LLC, both wholly owned subsidiaries, are reported as having had no activity from inception to date.
  • Smaller reporting company: The registrant identified itself as a non-accelerated filer and smaller reporting company, and indicated it is not a well-known seasoned issuer.
  • Shell company status: The registrant checked "No" in response to whether it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Northern Minerals Discloses Fiscal Year 2026 Operations and Share Data

Northern Minerals & Exploration Ltd. (ticker: NMEX, as listed in the filing's registered-securities table, with no exchange listed) submitted its annual Form 10-K for the fiscal year ended July 31, 2026. The company, incorporated in Nevada on December 11, 2006, describes itself in the filing as "an emerging natural resource company operating in oil and gas production in central Texas and exploration for gold and silver in northern Nevada."

According to the filing, the company created a Texas subsidiary, Kathis Energy LLC, on November 22, 2017, and subsequently formed Kathis Energy Fund 1, LP on December 14, 2017, to raise funds for drilling projects. The filing states there has been no activity with Kathis Energy. A second subsidiary, ENMEX Operations LLC, was formed in Quintana Roo, Mexico on May 7, 2018, for prospective real estate development. The filing states that entity also has had no activity from inception to date.

The filing notes that the petroleum industry "is highly competitive" and that many competitors "have greater financial and technical resources" than the company, which the filing states could adversely affect its ability to finance property acquisitions and exploration programs. The company reported that it had filed all required reports during the preceding 12 months and had submitted all required Interactive Data Files electronically. The company's principal executive offices are listed at 1267 N 680 W, Pleasant Grove, UT 84062.

What Was Disclosed

Northern Minerals & Exploration Ltd. filed its fiscal year 2026 annual report disclosing 120,029,425 shares outstanding as of November 3, 2026, a non-affiliate equity market value of approximately $15,068,960, and ongoing oil and gas and mineral exploration operations, alongside two inactive subsidiaries.