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Northern Minerals and Exploration ( (NMEX) ) has issued an announcement.
On April 21, 2025, Northern Minerals and Exploration Ltd. acquired working interests in 14 natural gas wells across nine leases in Oklahoma from Lost Creek Acquisitions LLC, with an effective date of March 1, 2025. The acquisition, valued at $293,000, includes a performance measurement period until August 31, 2025, after which the company may unwind the transaction if profit thresholds are not met. Additionally, on April 17, 2025, Victor Francisco Miranda Bistrain resigned from the board, and on April 30, 2025, Jose Berhane Tewolde Serrano was appointed as a new director, bringing business acumen to the board.
More about Northern Minerals and Exploration
Northern Minerals and Exploration Ltd. operates in the oil and gas industry, focusing on the acquisition and development of natural resources. The company is involved in the exploration and production of natural gas and oil, primarily through working interests in various leases.
Average Trading Volume: 12,951
Technical Sentiment Signal: Sell
Current Market Cap: $6.01M
See more data about NMEX stock on TipRanks’ Stock Analysis page.