NORTHERN MINERALS & EXPLORATION LTD. (NMEX) Form 10-K — Nov 3, 2026
Northern Minerals & Exploration's FY2026 10-K raises substantial doubt about the company's ability to continue as a going concern, with cash of only $10,488 against a $251,303 working capital deficit and a $474,918 annual net loss. Management's plans to raise additional capital have not alleviated the doubt, and the company relies on related-party borrowings, including a $500,000 line of credit from former director Victor Miranda that matures January 31, 2027.
Key figures
- Revenue
- 30600
- Total Debt
- 304124
- Revenue Yoy
- +254% (from $8,634 in FY2025)
- Cash Position
- 10488
- Shares Outstanding
- 120029425
- Impairment loss
- 151456
- Accumulated deficit
- 4396713
- Crypto assets bitcoin
- 31476
- Cash used in operations
- 283432
- Working capital deficit
- 251303
AI analysis
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