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Northern Minerals & Exploration Ltd.
- Market Cap
- Unavailable
- Price
- $0.06081
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.71%
- Volume
- 1.5K
About
Operating within the United States, Northern Minerals & Exploration Ltd. functions as a natural resources entity. Its activities span the production of petroleum and natural gas in central Texas, alongside the exploration for precious metals such as gold and silver in northern Nevada. The firm holds a significant stake in the J.E. Richey Lease project. Incorporated in 2006, the company underwent a name change in August 2013, transitioning from its former identity as Punchline Resources Ltd. to its current one. Its principal place of business is situated in Pleasant Grove, Utah.
Quick stats
Shares outstanding—
Computed float81.8M
Float / sharesUnknown
Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001415744
AI Summary
AI-generated1/2
criticalbullishm and a
Northern Minerals & Exploration Ltd. (NMEX) Announces Agreement to Acquire Interests in Eight Oil and Gas Properties
Northern Minerals & Exploration entered into an agreement with Lost Creek Acquisitions to acquire nonoperated working interests in eight oil and gas properties.
The transaction is intended to expand NMEX's energy portfolio, providing exposure to established production while minimizing operating risk.
CEO Noel Schaefer highlighted the potential for future cash flow and long-term value creation, with closing expected to follow the transfer of ownership interests.
Red flags
- Deal value and purchase price terms were not disclosed
- Transaction is an agreement and has not yet closed
- Interests acquired are non-operated, limiting operator control