Company: NMEX
Filing Date: 2025-11-26
Form Type: 10-K/A
Source: 0001437749-25-036462
Chunk: 15

Company: NORTHERN MINERALS & EXPLORATION LTD.
Filing Date: 2025-11-26
Form: 10-K/A
Chunk 15
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 |           | 267,200 |   |     |             | —          |   |     |               |  267,200 |   |
| Common stock issued for debt settlement      |     |        |   1,137,900 |     |        |   1,138 |     |            |    55,757 |     |           |       — |   |     |             | —          |   |     |               |   56,895 |   |
| Net loss                                     |     |        |           — |     |        |       — |     |            |         — |     |           |       — |   |     |             | (383,612   | ) |     |               | (383,612 | ) |
| Balance, July 31, 2025                       |     |        | 107,238,932 |     | $      | 107,239 |     | $          | 3,324,008 |     | $         | 267,200 |   |     | $           | (3,921,795 | ) |     | $             | (223,348 | ) |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-4

NORTHERN MINERALS & EXPLORATION LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS</div>

| Cash Flows from Operating Activities:                                       |     | For the Years Ended 
 July 31,            
 2025                |          |   |     | 2024 |          |   |
|:----------------------------------------------------------------------------|:----|:--------------------|---------:|:--|:----|:-----|---------:|:--|
| Net loss                                                                    |     | $                   | (383,612 | ) |     | $    | (170,340 | ) |
| Adjustments to reconcile net loss to net cash used in Operating activities: |     |                     |          |   |     |      |          |   |
| Common stock issued for services                                            |     |                     |   19,000 |   |     |      |        — |   |
| Gain on extinguishment of debt                                              |     |                     |   (4,700 | ) |     |      |        — |   |
| Impairment expense                                                          |     |                     |  140,744 |   |     |      |        — |   |
| Changes