MMEX 10-Q

MMEX Resources Corp (MMEX)

10-Q 2026-09-08 For: 2026-07-31

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Added on September 09, 2026

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Nevada		26-1749145
(State or other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

3600 W. Dickinson Fort Stockton, Texas 79735		855-880-0400
(Address of principal executive offices, including zip code)		(Issuer’s telephone number, including area code)

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☐	Smaller reporting company	☒
(Do not check if a smaller reporting company)		Emerging growth company	☐

PART I – FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements		3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		22
Item 3. Quantitative and Qualitative Disclosures About Market Risk		25
Item 4. Controls and Procedures		25

PART II – OTHER INFORMATION

Item 1. Legal Proceedings		27
Item 1A. Risk Factors		27
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		27
Item 3. Defaults Upon Senior Securities		27
Item 4. Mine Safety Disclosures		27
Item 5. Other Information		27
Item 6. Exhibits		28

MMEX RESOURCES CORPORATION
Condensed Consolidated Balance Sheets

	July 31			April 30,
	2026			2026
	(unaudited)
Assets
Current Assets
Cash	$	1,655,003		$	212,343
Prepaid expenses and other current assets		707,361			91,990
Total Current Assets		2,362,364			304,333

Property and equipment, net		970,856			968,621

Total Assets	$	3,333,220		$	1,272,954

Liabilities and Stockholders' Deficit

Current Liabilities
Accounts payable	$	944,323		$	942,873
Accrued expenses		1,615,961			1,791,785
Accounts payable and accrued expenses - related parties		1,625,519			1,530,395
Notes payable net of discount of $2,010 and $3,501, respectively		41,779			100,391
Notes payable, currently in default		1,154,453			1,154,453
Convertible notes payable – related parties, net of debt discount of $0, respectively		179,570			-
Convertible notes payable, currently in default, net of discount of $0, respectively		370,000			653,955

Total Current Liabilities		5,752,035			6,173,852

Long-term Liabilities
Convertible notes payable - related parties, net of debt discount of $21,733 and $24,251, respectively		1,003,721			1,638,380
Notes payable - related parties, net of debt discount of $0 and $894, respectively		-			8,534
Convertible notes payable		59,951			59,951
Total Liabilities		6,995,277			7,880,717

Commitments and Contingencies		-			-

Stockholders’ Deficit:
Common stock, $0.001 par value; 50,000,000,000 shares authorized, 22,295,726,723 and 22,295,726,723 shares issued and outstanding, respectively		22,295,726			22,295,726
Preferred stock, $0.001 par value; 1,000,000 authorized:
1,000 Series A preferred shares issued and outstanding, respectively		1			1
0 and 974 Series B preferred shares issued and outstanding, respectively		0			2
Additional paid in capital		59,948,128			56,220,787
Non-controlling interest		15,467			5,390
Accumulated deficit		(85,921,379	)		(85,129,669	)
Total Stockholders’ Deficit		(3,662,057	)		(6,607,763	)

Total Liabilities and Stockholders’ Deficit	$	3,333,220		$	1,272,954

MMEX RESOURCES CORPORATION
Condensed Consolidated Statements of Operations
(Unaudited)

	Three Months Ended July 31,
	2026			2025

Revenue	$	-		$	-

Operating Expenses
General and administrative expenses		939,690			298,940
Refinery start-up costs		-			60,500
Depreciation and amortization		9,694			9,097

Total Operating Expenses		949,384			368,537

Loss From Operations		(949,384	)		(368,537	)

Other Income(Expense):
Interest expense		(66,847	)		(67,602	)
Gain (loss) on extinguishment of liabilities		161,937			-

Total Other Income (Expense)		95,090			(67,602	)

Loss Before Income Taxes		(854,294	)		(436,139	)
Provision for Income Taxes		-			-

Net Loss	$	(854,294	)	$	(436,139	)
Non-controlling interest		62,584			-
Net Loss Attributable to the Common Shareholders	$	(791,710	)	$	(436,139	)

Net loss per common share - basic and diluted	$	(0.00	)	$	(0.00	)

Weighted average number of common shares outstanding - basic and diluted		22,295,726,723			11,475,488,377

MMEX RESOURCES CORPORATION
Condensed Consolidated Statements of Stockholders’ Deficit
Three Months Ended July 31, 2026 and 2025

	Class A				Series A				Series B						Additional						Total Equity Attributable			Non-
	Common stock				Preferred Stock				Preferred Stock						Paid-in			Accumulated			to			Controlling
	Shares		Amount		Shares		Amount		Shares			Amount			Capital			Deficit			Shareholders			Interest			Total
Balance at April 30, 2025		11,340,977,507	$	11,340,977		1,000	$	1		974		$	2		$	65,887,113		$	(83,220,849	)	$	(5,992,756	)	$	9,871		$	(5,982,885	)
Common stock for services		250,000,000		250,000		-		-		-			-			(189,500	)		-			60,500			-			60,500
Net loss		-		-		-		-		-			-			-			(436,139	)		(436,139	)		-			(436,139	)

Balance at July 31, 2025		11,590,977,507	$	11,590,977		1,000	$	1		974		$	2		$	65,697,613		$	(83,656,988	)	$	(6,368,395	)	$	9,871		$	(6,358,524	)

Balance at April 30, 2026		22,295,726,723	$	22,295,726		1,000	$	1		974		$	2		$	56,220,787		$	(85,129,669	)	$	(6,613,153	)	$	5,390		$	(6,607,763	)
Cancellation of Series B Preferred Stock		-		-		-		-		(974	)		(2	)		2			-			-			-			-
Proceeds from the sale of non-controlling interests		-		-		-		-		-			-			3,727,339			-			3,727,339			72,661			3,800,000
Net Loss		-		-		-		-		-			-			-			(791,710	)		(791,710	)		(62,584	)		(854,294	)

Balance at July 31, 2026		22,295,726,723	$	22,295,726		1,000	$	1		-		$	-		$	59,948,128		$	(85,921,379	)	$	(3,677,524	)	$	15,467		$	(3,662,057	)

MMEX RESOURCES CORPORATION
Condensed Consolidated Statements of Cash Flows

	Three Months Ended July 31,
	2026			2025
Cash Flows From Operating Activities:
Net loss		(854,294	)		(436,139	)
Adjustment to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense		9,694			9,097
(Gain) loss on extinguishment of debt		(161,937	)		-
Amortization of debt discount		4,904			1,269
Stock-based compensation		-			60,500
(Increase) decrease in assets:
Prepaid expenses and other current assets		(615,371	)		500
Increase (decrease) in liabilities:
Accounts payable		1,450			5,070
Accrued expenses		(27,850	)		71,134
Accounts payable and accrued expenses - related parties		95,124			279,669
Net Cash Used in Operating Activities		(1,548,280	)		(8,900	)

Cash Flows From Investing Activities:
Purchase of property and equipment		(11,929	)		-
Net Cash Used in Investing Activities		(11,929	)		-

Cash Flows From Financing Activities:
Proceeds from notes payable		-			-
Repayments of notes payable		(61,140	)		(3,610	)
Repayments of convertible notes payable		(268,955	)		-
Repayments of notes payable - related parties		(9,428	)		7,990
Repayments of convertible notes payable - related parties		(457,608	)		-
Proceeds from the sale of non-controlling interests		3,800,000			-
Net Cash Provided by Financing Activities		3,002,869			4,380

Net increase (decrease) in cash		1,442,660			(4,520	)
Cash at the beginning of the period		212,343			4,579
Cash at the end of the period		1,655,003			59

Supplemental Disclosure:
Interest paid	$	56,968		$	-
Taxes paid	$	-		$	-

Non-Cash Investing and Financing Activities:
Cancellation of Series B Preferred Stock	$	2		$	-

Name of Entity	%			Form of Entity	State of Incorporation	Relationship
MMEX Resources Corporation (“MMEX”)		-		Corporation	Nevada	Parent
Pecos UltraClean Refining, LLC (formerly Refining & Transport, LLC and Pecos Clean Fuels & Transport, LLC)		86.13	%	LLC	Texas	Subsidiary
Trans Permian Energy, LLC (formerly Trans Permian H2Hub, LLC)		86.13	%	LLC	Texas	Subsidiary
MMEX Solar Resources, LLC		100	%	LLC	Texas	Subsidiary
Hydrogen Global, LLC		100	%	LLC	Texas	Subsidiary
MMEX USA Holdings, LLC		100	%	LLC	Texas	Subsidiary
MMEX Argentina USA, LLC		100	%	LLC	Texas	Subsidiary
Pecos H2, LLC		100	%	LLC	Texas	Subsidiary

Office furniture and equipment	10 years
Computer equipment and software	5 years
Land improvements	15 years
Land easements	10 years

	July 31, 2026		April 30, 2026
Promissory note payable with Maple Resources Corporation, matures on July 28, 2027, with interest at 18%, convertible into common shares of the Company [1]	$	-	$	9,428
Less discount		-		(894	)
Total	$	-	$	8,534

	July 31, 2026			April 30, 2026
Convertible note payable with Alpenglow Consulting, LLC, matures on April 8, 2028, with interest at 18%, convertible into common shares of the Company [1]	$	172,228		$	172,228
Convertible note payable with CleanFit, LLC, matures on April 8, 2028, with interest at 18%, convertible into common shares of the Company [2]		58,410			58,410
Convertible note payable with Lake of Silver, matures on April 8, 2028, with interest at 18%, convertible into common shares of the Company [3]		67,318			67,318
Convertible note payable with Maple Resources Corporation, matures on April 8, 2028, with interest at 18%, convertible into common shares of the Company [4]		-			441,959
Convertible note payable with BNL Family Trust, matures on April 8, 2028, with interest at 18%, convertible into common shares of the Company [5]		2,366			2,366
Convertible note payable with Ha’Pu Wear, LLC, matures on April 8, 2028, with interest at 18%, convertible into common shares of the Company [6]		181,820			181,820
Convertible note payable with Nabil Katabi, matures on April 8, 2028, with interest at 18%, convertible into common shares of the Company [7]		458,075			458,075
Convertible note payable with Poppy, LLC, matures on April 8, 2028, with interest at 18%, convertible into common shares of the Company [8]		20,886			20,886
Convertible note payable with Maple Resources, matures on October 2, 2028, with interest at 18%, convertible into common shares of the Company [9]		64,351			80,000
Convertible note payable with Maple Resources, matures on December 31, 2026, with interest at 18%, convertible into common shares of the Company [10]		179,570			179,570
Total		1,205,024			1,662,632
Less discount		(21,733	)		(24,252	)
Net	$	1,183,291		$	1,638,380

[2]	This convertible promissory note was entered into on April 8, 2025 for $49,500 of principal plus $8,910 for the make-whole provision of 18% of the principal amount in lieu of any stated interest. This was exchanged for $49,500 of accounts payable with this related party. The exchange was accounted for as debt extinguishment therefore, we recognized a $8,910 loss on extinguishment of debt.

[3]	This convertible promissory note was entered into on April 8, 2025 for $65,524 of principal plus $11,794 for the make-whole provision of 18% of the principal amount in lieu of any stated interest. This was exchanged for $57,500 of accounts payable and $8,024 of outstanding promissory notes payable that had $878 of debt discount remaining to be amortized with this related party. The exchange was accounted for as debt extinguishment therefore we recognized a $12,672 loss on extinguishment of debt.

[4]	This convertible promissory note was entered into on April 8, 2025 for $864,372 of principal plus $155,587 for the make-whole provision of 18% of the principal amount in lieu of any stated interest. This was exchanged for $260,491 of accounts payable, $20,406 of advances, and $583,474 of outstanding promissory notes payable that had $56,507 of debt discount remaining to be amortized with this related party. The exchange was accounted for as debt extinguishment therefore we recognized a $212,095 loss on extinguishment of debt. During the three months ended July 31, 2026 the Company had repaid the note in full.

	Amount
2026 (remaining)	$	179,570
2027		-
2028		1,025,454
Total	$	1,205,024

	July 31, 2026		April 30, 2026
Accrued payroll	$	30,090	$	30,090
Accrued consulting		112,500		106,500
Accrued interest and penalties		1,112,322		1,263,469
Accrued settlement payable		266,875		297,552
Other		94,174		94,174

	$	1,615,961	$	1,791,785

	July 31, 2026		April 30, 2026
Note payable to an unrelated party, matured March 18, 2014, with interest at 10%	$	75,001	$	75,001
Note payable to an unrelated party with an issue date of March 11, 2021 with interest at 10% [1]		136,952		136,952
Note payable to an unrelated party with an issue date of February 22, 2021 with interest at 10% [2]
$250,000 draw on March 5, 2021		250,000		250,000
$200,000 draw on March 26, 2021		200,000		200,000
$50,000 draw on April 13, 2022		50,000		50,000
$295,000 draw on December 18, 2023		295,000		295,000
Note payable to an unrelated party with an issue date of July 14, 2023 with interest at 18% [3]		70,800		70,800
Note payable to an unrelated party with an issue date of August 15, 2023 with interest at 18% [4]		38,350		38,350
Note payable to an unrelated party with an issue date of September 14, 2023 with interest at 18% [5]		38,350		38,350
Total		1,154,453		1,154,453
Less Discount		-		-
Net	$	1,154,453	$	1,154,453

	[2]	Effective February 22, 2021 the Company entered into a promissory note with GS Capital Partners, LLC, with a principal amount of $1,000,000, which is subject to drawdown requests by the Company. The original maturity date of the note was the earlier of (i) December 31, 2021 or (ii) the consummation by the Company of an equity or equity-based financing providing net proceeds to the Company sufficient to retire the outstanding indebtedness under the note. On December 30, 2021 the Company entered into an amendment to the notes to extend the maturity date to March 31, 2022 and on April 12, 2022 the Company entered into an amendment to the notes to extend the maturity date to March 31, 2023. The note has an interest rate of 10% per annum from the date of each drawdown. On April 1, 2023 the note went into default as the due date had passed with no extension. On October 30, 2023 the Company entered into an extension agreement to extend the maturity date to December 31, 2024. The note has an interest rate of 10% per annum from the date of each drawdown. During the year ended April 30, 2024, $295,000 was drawn down against the note. On December 31, 2024 the note went into default as the due date had passed with no extension.

	[3]	Effective July 14, 2023, the Company entered into a promissory note with Eduardo Alberto Maldonado through its wholly owned subsidiary, Pecos Clean Fuels & Transport, LLC. The note has a principal amount of $60,000 and a maturity date of July 14, 2024. The Company received $35,000 cash and rolled $25,000 from a prior convertible note payable into this loan. In lieu of interest the Company is to pay the lender 18% of the principal amount, in addition to the principal payment, on the maturity date. Accordingly, $10,800 was recorded as a debt discount at the notes inception to be recognized over the term of the note. In addition, the note was issued with 300,000,000 warrants, which was recorded at the fair market value of $150,000 with an increase in additional paid-in capital and the Company recognized a loss on settlement of debt of $67,196 for the extinguishment of debt of prior convertible note and accrued interest. On July 14, 2024 the note went into default as the due date had passed with no extension.

	[4]	Effective August 15, 2023, the Company entered into a promissory note with Eduardo Alberto Maldonado through its wholly owned subsidiary, Pecos Clean Fuels & Transport, LLC. The note has a principal amount of $32,500 and a maturity date of August 15, 2024. The Company received $32,500 cash. In lieu of interest the Company is to pay the lender 18% of the principal amount, in addition to the principal payment, on the maturity date. Accordingly, $5,850 was recorded as a debt discount at the notes inception to be recognized over the term of the note. In addition, the note was issued with 325,000,000 warrants, thus $16,250 of the $32,500 in note proceeds were allocated to the warrants with an increase in additional paid-in capital and an increase in debt discount. On August 15, 2024 the note went into default as the due date has passed with no extension.

	[5]	Effective September 14, 2023, the Company entered into a promissory note with Eduardo Alberto Maldonado through its wholly owned subsidiary, Pecos Clean Fuels & Transport, LLC. The note has a principal amount of $32,500 and a maturity date of September 14, 2024. The Company received $32,500 cash. In lieu of interest the Company is to pay the lender 18% of the principal amount, in addition to the principal payment, on the maturity date. Accordingly, $5,850 was recorded as a debt discount at the notes inception to be recognized over the term of the note. In addition, the note was issued with 625,000,000 warrants, thus $25,794 of the $32,500 in note proceeds were allocated to the warrants with an increase in additional paid-in capital and an increase in debt discount. On September 14, 2024 the note went into default as the due date has passed with no extension.

[1]	Effective February 28, 2022 the Company entered into a promissory note with Oscar and Ilda Gonzales with a principal amount of $102,500. The maturity date of the note is February 28, 2026 and repayments on the note are to begin on March 1, 2023 in the amount of $3,309 per month. The note has an interest rate of 10% per annum. During the three months ended July 31, 2026 the Company had repaid the note in full and recognized a gain on settlement of debt of $1,174. As of July 31, 2026 and April 30, 2026 accrued interest on the convertible note was $0 and $4,590, respectively.

[2]	Effective June 2, 2023, the Maple Resources Corporation, the Company’s wholly owned subsidiary entered into an exchange agreement with Seeta Zieger Trust and a subscription agreement through the Company’s wholly owned subsidiary, Pecos Clean Fuels & Transport, LLC. Seeta Zieger Trust acquired, through the exchange agreement, the rights to the “Maple Note” (a convertible note was entered into on February 25, 2023 in exchange for cash of $20,000 and is convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which the shares of common stock were issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company). The note has a principal amount of $20,000 and a maturity date of June 2, 2024. In lieu of interest the Company is to pay the lender 18% of the principal amount, in addition to the principal payment, on the maturity date. Accordingly, $3,600 was recorded as a debt discount at the notes inception to be recognized over the term of the note. In addition, the note was issued with 313,479,624 warrants, thus $15,988 of the $20,000 in the note converted were allocated to the warrants with an increase in additional paid-in capital and an increase in debt discount. On August 1, 2024 the note payable was amended to extend the maturity date to December 2, 2024 and included an additional 18%, in lieu of interest, of the principal plus the initial in lieu of interest amount. The Company determined the extension and modification to other terms met the conditions of a debt extinguishment; therefore, the Company recorded a loss on extinguishment of debt of $4,248, which was included in other income (expenses) within the accompanying statement of operations. In addition, $5,013 was recorded as a debt discount on the amendment date to be recognized over the extended term of the note. On December 2, 2024 the note payable was amended to extend the maturity date to December 2, 2025 and included an additional 18%, in lieu of interest, of the principal. Accordingly, $5,013 was recorded as a debt discount on the amendment date to be recognized over the extended term of the note.

	[1]	On March 8, 2010, the Company closed a note purchase agreement with an accredited investor pursuant to which the Company sold a $50,000 convertible note in a private placement transaction. In the transaction, the Company received proceeds of $35,000 and the investor also paid $15,000 of consulting expense on behalf of the Company. The convertible note was due and payable on December 31, 2010 with an interest rate of 10% per annum. The note is convertible at the option of the holder into our common stock at a fixed conversion price of $3.70, subject to adjustment for stock splits and combinations. On December 31, 2010 the note went into default as the due date had passed with no extension. As of July 31, 2026 and April 30, 2026 accrued interest on the convertible note was $81,978 and $80,718, respectively.

	[2]	Effective September 15, 2022, the Company entered into a convertible promissory note with a principal amount of $100,000 with Boot Capital, LLC. The Company received $91,250 after payment of $8,750 in fees and expenses of the lender and its counsel. The note has an interest rate of 10% per annum and a maturity date of September 15, 2023. The note can be converted into shares of common stock at a 42% discount from the lowest trading price during the 10 days prior to conversion. On September 15, 2023 the note went into default as the due date had passed with no extension. The note has a default interest rate of 22% per annum and the Company recorded $100,000 of additional interest as a default penalty. As of July 31, 2026 and April 30, 2026 accrued interest on the convertible note was $0 and $137,742, respectively. During the three months ended July 31, 2026 the Company settled the convertible promissory note for $85,000 in cash and recorded a gain on settlement of debt of $157,805.

	[3]	Effective February 28, 2023, the Company entered into a convertible promissory note with a principal amount of $226,875 with Sabby Volatility Warrant Master Fund, Ltd. This note was in exchange for a prior promissory note dated March 3, 2022 with principal due of $181,500 and accrued interest of $8,749, wherein the Company also incurred $36,626 worth of financing fees for the exchange. The note has an interest rate of 10% per annum and a maturity date of May 1, 2024. The note can be converted into shares of common stock at a variable exercise price that is equal to a 42% discount to the lowest trading price during the 10 days prior to conversion. On May 1, 2024 the note went into default as the due date had passed with no extension. As of July 31, 2026 and April 30, 2026 accrued interest on the convertible note was $0 and $52,242, respectively. In July 2026, the Company entered into a Settlement Agreement and Release with Sabby Volatility Warrant Master Fund Ltd. (“Sabby”) resolving the action pending in the Supreme Court of New York, New York County (Index No. 652571/2023) with respect to the Company’s Series B Convertible Preferred Shares (stated amount $985,000) and a promissory note in the principal amount of $183,955 held by Sabby. Under the agreement, the Company agreed to pay Sabby $533,750, of which $266,875 was paid on July 21, 2026 and the balance is payable within 90 days of the agreement. Upon receipt of the initial payment, Sabby surrendered the preferred shares and the note for cancellation, the 9,025,000,000-share conversion reserve was terminated, and the parties exchanged mutual general releases; a stipulation of dismissal will be filed with the court. Because the settlement provided additional evidence about conditions existing at the balance sheet date, the Company recorded a liability of $297,552 and a corresponding loss on litigation settlement in the fiscal year ended April 30, 2026. Sabby retains 190,257,512 previously issued shares of common stock.

	[4]	Effective February 28, 2024, the Company issued and delivered to GS a 10% convertible note in the principal amount of $65,000. The note was issued at a discount and the Company received net proceeds of $60,000 after payment of $5,000 of fees and expenses of the lender and its counsel. GS, at its option, can convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a price of $0.00007 per share. The Company can prepay the note with prepayment penalties ranging from 105% to 125% during the first 180 days after issuance. On August 28, 2024 the note went into default as the due date had passed with no extension. As of July 31, 2026 and April 30, 2026 accrued interest on the convertible note was $15,742 and $14,104, respectively.

	[5]	Effective July 26, 2022, the Company issued and delivered to GS a 10% convertible note in the principal amount of $200,000, which was not funded until August 1, 2022. The note was issued at a discount and the Company received net proceeds of $185,000 after payment of $5,000 of fees and expenses of the lender and its counsel. GS, at its option, can convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a price of $0.055 per share, subject to adjustment if there are future financings with more favorable rates. The Company can prepay the note with prepayment penalties ranging from 105% to 125% during the first 180 days after issuance. On October 30, 2023 the Company entered into an extension agreement to extend the maturity date to December 31, 2024. On December 31, 2024 the note went into default as the due date had passed with no extension. As of July 31, 2026 and April 30, 2026 accrued interest on the convertible note was $128,942 and $116,844, respectively.

	[6]	Effective August 24, 2023 the Company issued and delivered to GS a 10% convertible note in the principal amount of $55,000. The note was issued at a discount and the Company received net proceeds of $50,000 after payment of $2,000 of fees and expenses of the lender and its counsel. GS, at its option, can convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a price of $0.00007 per share. The Company can prepay the note with prepayment penalties ranging from 105% to 125% during the first 180 days after issuance. On December 31, 2024 the note went into default as the due date had passed with no extension. As of July 31, 2026 and April 30, 2026 accrued interest on the convertible note was $26,587 and $23,537, respectively.

	July 31, 2026		April 30, 2026
Note payable to an accredited investor, with interest at 18%, convertible into common shares of the Company [1]	$	34,220	$	34,220
Note payable to an accredited investor, with interest at 18%, convertible into common shares of the Company [2]		25,731		25,731
Total		59,951		59,951
Less discount		-		-
Net	$	59,951	$	59,951

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Outstanding, April 30, 2026		9,023,091,222		$	0.000144		3.06
Granted		-		$	-		-
Cancelled / Expired		(1,023,781	)	$	-		-

Outstanding, July 31, 2026		9,022,067,441		$	0.000104		2.81

	2026			2025
Cash, beginning of period	$	212,343		$	4,579
Net cash used in operating activities		(1,548,280	)		(8,900	)
Net cash used in investing activities		(11,929	)		-
Net cash provided by financing activities		3,002,869			4,380

Cash, end of period	$	1,655,003		$	59

31.1*		Certification by Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a)

32.1*		Certification by Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).

101.SCH		Inline XBRL Taxonomy Extension Schema Document.

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document.

101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.

104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

	MMEX Resources Corporation

Dated: September 8, 2026	By:	/s/ Jack W. Hanks
		Chief Executive Officer (Principal Executive Officer), President and Chief Financial Officer (Principal Financial and Accounting Officer)