Northern Minerals & Exploration Ltd 8-K, filed Jun 5, 2026
Northern Minerals & Exploration Ltd. (NMEX)
8-K
2026-06-05
For: 2026-06-02
View Original
Added on
June 05, 2026
About this 8-K
Northern Minerals & Exploration Ltd filed this 8-K on June 5, 2026, reporting on events of June 2, 2026.
Items reported
- Item 1.01: Entered into a material agreement
- Item 3.02: Unregistered sale of equity
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 2, 2026
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Item 1.01 Entry into a Material Definitive Agreement.
On June 2, 2026, Northern Minerals and Exploration Ltd. ("NMEX" or the "Company") entered into a Memorandum of Understanding with R.A. Miller Energy, Inc. ("RAM") regarding the acquisition of a 5.4165 net mineral acre leasehold interest located in Sections 27 and 34, Township 2 North, Range 3 West, and Section 3, Township 1 North, Range 3 West, Garvin County, Oklahoma, associated with the proposed Bosworth 0203 1H-27X well.
Pursuant to the agreement, the Company agreed to acquire the leasehold interest for total consideration of $21,666, consisting of (i) $10,833 in cash payable on or before July 31, 2026, and (ii) $10,833 payable in 216,660 shares of the Company's common stock.
Upon satisfaction of the parties' obligations, RAM will assign its 5.4165 net mineral acre leasehold position to the Company. The interest is expected to be delivered at a 77% net revenue interest.
The agreement further requires the Company to participate in the anticipated Oklahoma Corporation Commission force pooling order relating to the proposed well, including making a timely election to participate and paying its proportionate share of estimated drilling and completion costs within the deadlines established by the applicable pooling order.
The foregoing description is qualified in its entirety by reference to the Memorandum of Understanding dated May 20, 2026, which was executed by the parties on June 2, 2026.
Item 3.02 – Unregistered Sales of Equity Securities
As partial consideration for the acquisition, the Company agreed to issue 216,660 shares of its common stock valued at $10,833. The shares will be issued to persons designated by R.A. Miller Energy, Inc. in a private transaction exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No.
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Description
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NORTHERN MINERALS & EXPLORATION LTD.
Date: June 5, 2026
By: /s/ Noel Schaefer
Name: Noel Schaefer
Title: CEO and Director