Company: NMEX
Filing Date: 2025-11-26
Form Type: 10-K/A
Source: 0001437749-25-036462
Chunk: 2

Company: NORTHERN MINERALS & EXPLORATION LTD.
Filing Date: 2025-11-26
Form: 10-K/A
Chunk 2
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| Item 10. | Directors, Executive Officers and Corporate Governance                                                       | 11 |
| Item 11. | Executive Compensation                                                                                       | 13 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               | 14 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence                                    | 14 |
| Item 14. | Principal Accountant Fees and Services                                                                       | 14 |
| Item 15. | Exhibits, and Financial Statement Schedules                                                                  | 15 |
| Item 16  | Form 10-K/A Summary                                                                                          |    |
|          | Signatures                                                                                                   | 15 |

2

<div align='center'>PART I</div>

ITEM 1. DESCRIPTION OF BUSINESS

Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Our Corporate History and Background

We were incorporated on December 11, 2006, under the laws of the State of Nevada.

On July 12, 2013, the stockholders approved an amendment to change the name of the Company from Punchline Resources Ltd. to Northern Mineral & Exploration Ltd. FINRA approved the name change on August 13, 2013.

Northern Minerals & Exploration Ltd. (the “Company”) is an emerging natural resource company operating in oil, gas and other energy related production in Oklahoma.

On November