Quarterly ResultJun 15, 2026, 01:51 PM
Northern Minerals & Exploration Ltd. Reports First Revenue, Net Loss Widens to $232K
AI Summary
Northern Minerals & Exploration Ltd. filed its 10-Q report for the period ending April 30, 2026. The company reported revenue for the first time, with $8,382 in the three-month period and $22,901 in the nine-month period. Despite generating revenue, the company's net loss widened for the nine-month period to $232,258 from $184,859 in the prior year, although the loss decreased by 13.3% to $58,993 for the three-month period. Total assets grew, but liabilities increased at a faster rate, leading to a significant accumulated deficit of $4,154,053. The company also holds Bitcoin as an investment.
Key Highlights
- Northern Minerals & Exploration Ltd. reported revenue of $8,382 for the three months ended April 30, 2026, compared to $0 in the prior year.
- For the nine months ended April 30, 2026, revenue was $22,901, compared to $0 in the prior year.
- Net loss for the three months ended April 30, 2026, was $58,993, a decrease of 13.3% from $68,062 in the prior year.
- Net loss for the nine months ended April 30, 2026, was $232,258, an increase from $184,859 in the prior year.
- Total assets increased to $233,436 as of April 30, 2026, from $162,265 as of July 31, 2025.
- Total liabilities increased to $645,542 as of April 30, 2026, from $385,613 as of July 31, 2025.
- The company holds $38,220 in Bitcoin as of April 30, 2026.
- The company has an accumulated deficit of $4,154,053 as of April 30, 2026.
Price Impact
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