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 Winnemucca Mountain gold option entirely, and separately let both of its Grasshoppers-farmed Callahan County oil and gas leases expire unused - abandoning its Nevada mining ambitions and most of its original Texas oil and gas push in the same filing. It raised only $100,000 in a private placement to cover liabilities and catch up on late SEC filings, while retaining a smaller producing interest (Concho Richey #1 well) and an undeveloped Olson 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 oil and gas farm-out followed, with Cooper Basin Oil & Gas: a 67.5% working interest in three already-producing Coleman County wells for about $335,000 in cash, stock and rework costs.
3 Nov 2014capital raising announcement▼ BadMajor
The Winnemucca Mountain option was restated yet again, extending the remaining payment and share-issuance schedule out to 2018 and letting AHL Holdings take stock instead of cash at a steep 75% discount - the deal continued to be pushed further out rather than paid down.
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 renegotiated again: the interest available rose from 70% to 80%, but the cash and share price both increased and $1 million of payments were pushed out to the end of 2017 - more favorable terms on paper, bought with more deferral.
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.
