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.
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.
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.
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.
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