Dorchester Minerals to acquire ~4,300 Williston Basin net royalty acres for 1.25M common units

DORCHESTER MINERALS, L.P.

Contribution and exchange agreement signed Oct 16, 2026 with Hillside Exploration Assets, LLC, an unrelated Texas LLC; structured as a non-taxable unit issuance, closing expected Oct 30, 2026.
Consideration is 1,250,000 DMLP common units; no cash purchase price or implied valuation disclosed in the filing or press release.
Properties are mineral and royalty interests in producing and non-producing acreage totaling ~4,300 net royalty acres across three counties in the Williston Basin, North Dakota.
Contributor will pay Dorchester at closing cash equal to proceeds from the properties received on or after July 1, 2026; deal subject to customary closing conditions.

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