---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-016085"
form_type: "8-K"
ticker: "NMEX"
cik: "0001415744"
company_name: "NORTHERN MINERALS & EXPLORATION LTD."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:20:13.021189+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Northern Minerals acquires working interest in 14 Oklahoma gas wells for $293k; appoints new director

## Summary
- Acquired working interests in 14 natural gas wells in Oklahoma for $293,000 total ($25k cash + 4M restricted shares); effective March 1, 2025.
- Performance measurement period March 1 to Aug 31, 2025; wells must yield $2,900 net profit per month or company can unwind.
- Victor Miranda resigned as Director on April 17, 2025; Jose Berhane Tewolde Serrano appointed on April 30, 2025 to fill vacancy.
- Company retains right to repurchase shares from seller at lesser of $0.10/share or 10-day average price within 60 days post-performance period.

## SEC filing metadata
- accession: 0001437749-25-016085
- form_type: 8-K
- ticker: NMEX
- cik: 0001415744
- company_name: NORTHERN MINERALS & EXPLORATION LTD.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1415744/000143774925016085/0001437749-25-016085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1415744/000143774925016085/nmex20250512_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-016085
- JSON: https://secwatch.observer/filing/0001437749-25-016085.json
- Plain text: https://secwatch.observer/filing/0001437749-25-016085.txt

## Key facts
- Executive change
  Victor Francisco Miranda Bistrain resigned as Director at NORTHERN MINERALS & EXPLORATION LTD..
  - Action: resigned
  - Role: Director
  source text: On April 17 2025, Victor Francisco Miranda Bistrain resigned as Director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1415744/000143774925016085/0001437749-25-016085-index.htm
- Executive change
  Jose Berhane Tewolde Serrano was appointed as Director at NORTHERN MINERALS & EXPLORATION LTD..
  - Action: appointed
  - Role: Director
  source text: On April 30, 2025, the Board appointed Mr. Jose Berhane Tewolde Serrano to become a member of the Board of Directors of the Company to fill the vacancy of Mr. Victor Miranda.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1415744/000143774925016085/0001437749-25-016085-index.htm
- M&A Transactions
  NORTHERN MINERALS & EXPLORATION LTD. completed an acquisition involving Lost Creek Acquisitions LLC for $25,000 in cash and 4,000,000 restricted shares of the Company’s common stock (closed 2025-04-21).
  - Action: acquisition
  - Counterparty: Lost Creek Acquisitions LLC
  - Consideration: $25,000 in cash and 4,000,000 restricted shares of the Company’s common stock
  - Closing: 2025-04-21
  source text: The acquisition price of these income producing wells is $293,000. The consideration paid by the Company for the working interest in these 14 wells on 9 oil and gas leases is $25,000 in cash and 4,000,000 restricted shares of the Company’s common stock. The Seller, Lost Creek Acquisitions LLC, has agreed to a Post-Closing Performance Measurement. The six-month
  evidence_url: https://www.sec.gov/Archives/edgar/data/1415744/000143774925016085/0001437749-25-016085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.