Northern Minerals & Exploration Ltd. reported initial revenue from oil and natural gas sales in the quarter ended April 30, 2026, through its Lost Creek Acquisitions LLC investment, marking a transition toward early-stage production income. Concurrently, the company agreed to acquire a 5.4165 net mineral acre leasehold interest in Garvin County, Oklahoma, with an approximate 77% net revenue interest subject to force pooling regulations requiring timely drilling cost participation. These developments expand NMEX’s upstream footprint but introduce near-term capital expenditure obligations against a backdrop of constrained liquidity and rising interest expenses. NMEX balances its upstream hydrocarbon ventures with ongoing precious metals exploration in Nevada, navigating commodity price volatility and operational risks typical for small independent producers.