Past year: ▼ 76%(4.58c – 19.5c USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 June 2026capital raising announcement▲ Good
Northern Minerals signed a small follow-on deal in Oklahoma, agreeing to buy a modest 5.4-net-acre leasehold interest from R.A. Miller Energy tied to a proposed new well in Garvin County for about $21,700 in cash and stock.
12 May 2025asset acquisition disposition▲ GoodMajor
After a long quiet stretch, Northern Minerals (now trading as NMEX) bought working interests in 14 producing natural gas wells across nine Oklahoma leases from Lost Creek Acquisitions for $293,000 ($25,000 cash plus 4 million restricted shares) - real cash-flowing assets, though a performance clawback lets the company unwind the deal if the wells don't hit a modest profit threshold. The board also turned over: director Victor Miranda resigned and Jose Serrano was appointed to replace him.
11 Apr 2019capital raising announcement▼ BadMajor
The company tried the Winnemucca Mountain property a third time - a 2018 option agreement with the same AHL Holdings/Golden Sands optionors again lapsed after a missed payment, and it signed yet another new option agreement in March 2019, continuing a years-long pattern of taking on and then defaulting on this same asset.
1 Sept 2017capital raising announcement▼ BadMajor
Northern Minerals defaulted on and lost its right to earn into Winnemucca Mountain, though it was in talks to settle and possibly sign a new deal, and let both Callahan County leases expire without penalty. It raised $100,000 in a private placement for liabilities and late filings, and kept a 25% interest in the Concho Richey #1 well, the Olson lease and the Guy Ranch lease.
29 Nov 2016auditor change▼ Bad
The company changed auditors after its accountant retired, engaging Fruci & Associates II; both the outgoing and incoming firms' opinions had flagged going-concern doubt for the prior two fiscal years.
19 Nov 2014material agreement▲ GoodMajor
A second Texas farm-out followed, with Cooper Basin Oil & Gas: a 67.5% working interest in three equipped Coleman County wells that the company had to re-work or re-complete, for an estimated $335,000 in cash, stock and work costs.
3 Nov 2014capital raising announcement▼ BadMajor
The Winnemucca Mountain option was restated again, pushing cash payments and exploration milestones out to 2018 and share issuances to 2016. The filing also reported unit private placements of about $110,000 at $0.05-$0.08 per unit, plus 1,250,000 shares issued to Golden Sands.
22 July 2014material agreement▲ GoodMajor
Renamed Northern Minerals & Exploration Ltd., the company diversified into Texas oil and gas: a farm-out agreement with Grasshoppers Unlimited to earn 75% and 60% working interests in two Callahan County, Texas leases (an already-equipped shallow oil play and a reef prospect), for roughly $340,000 in combined cash, stock and drilling commitments.
29 Aug 2013material agreement▼ BadMajor
The Winnemucca Mountain option was amended again, raising the available interest from 70% to 80%. The cash fee rose from $1,715,000 to $1,755,000 and the shares issuable rose from 100,000 to 2,100,000, while $1,000,000 of payments was deferred to the end of 2017.
7 Feb 2013material agreement▼ Bad
The AHL/Golden Sands option was amended to push some payment and spending deadlines back by 90 days, at a cost of a $10,000 penalty - an early sign the company was struggling to keep pace with its own commitments.
20 Sept 2012material agreement▲ GoodMajor
The company struck a second, larger Nevada mining deal: an option to earn a 70% interest in the nearby Empress and Winnemucca Mountain claims from AHL Holdings and Golden Sands Exploration, requiring $1.7 million in staged payments through 2016 and at least $4 million of exploration spending.
12 Sept 2012capital raising announcement● Neutral
A private placement raised about $200,000, issuing 168,068 shares at $1.19/share to one US investor.
What it means for a shareholder
168,068 new shares at US$1.19 to raise about US$200,000. That's 0.335% dilution: every existing holder's slice gets 0.335% smaller. If you held US$1,000 of shares (840 at the issue price), your slice goes from 0.00168% to 0.00168% of the company. To keep it you'd need 3 more shares - about US$4 at the issue price.
Create a free account to see this worked out for your own holding.
11 Sept 2012asset acquisition disposition▲ GoodMajor
Now renamed Punchline Resources Ltd., the company completed its pivot into mining: it leased the Empress Property (27 unpatented gold claims in Esmeralda County, Nevada) from MinQuest for 20 years - $20,000/year plus work commitments escalating to $650,000/year by year seven, with MinQuest keeping a 3% royalty - while its president Ramzan Savji bought 60% control of the company from the prior officer for $30,000 of his own money.
31 Aug 2012material agreement● Neutral
Ahead of that pivot, the company lined up a line-of-credit facility for up to $1 million in advances from a single US investor, repayable in stock.
23 Aug 2012business combination● Neutral
Punchline Entertainment, Inc. approved a merger into its own newly formed subsidiary solely to change its name to Punchline Resources Ltd., pending FINRA review - the first step in a pivot away from entertainment.
