Mon, Jun 16, 7:24 PM (27 days ago)
**Northern Minerals & Exploration Ltd. (NMEX) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue was generated for the three and nine months ended April 30, 2025. - **Net Loss:** Increased to $68,062 (Q1 2025) from $39,154 (Q1 2024), and to $184,859 (YTD 2025) from $130,620 (YTD 2024). - **Operating Expenses:** Increased to $64,626 (Q1 2025) from $36,284 (Q1 2024), and to $175,627 (YTD 2025) from $122,020 (YTD 2024). - **Cash Flow:** Negative cash flow from operations was $133,907 (YTD 2025) compared to $123,583 (YTD 2024). - **Cash Position:** Decreased to $31,732 (April 30, 2025) from $53,139 (July 31, 2024). **Profit Margins and Earnings Changes:** - **Gross Margin:** Not applicable due to zero revenue. - **Operating Margin:** Negative and worsening, indicating higher expenses relative to non-existent revenue. - **Net Margin:** Negative and worsening, reflecting increased losses. **Trends and Uncertainties:** - **Expenses:** Significant increases in professional fees and general administrative expenses. - **Debt:** Several loans are in default or have high-interest rates, posing liquidity risks. - **Equity Financing:** Reliance on equity financing from related parties, which may dilute existing shareholders. - **Going Concern:** Substantial doubt about the company's ability to continue as a going concern due to accumulated deficits and insufficient funding. **Future Operations Impact:** - **Funding Needs:** The company requires additional funds to cover budgeted expenses over the next twelve months. - **Strategic Moves:** Recent acquisition of oil and gas rights for $292,200, indicating a focus on expanding oil and gas operations. - **Related Party Transactions:** Significant transactions with related parties, including loans and stock issuances, which may impact financial stability and shareholder value. **Conclusion:** Northern Minerals & Exploration Ltd. faces significant financial challenges, including increasing losses, high operating expenses, and reliance on related party financing. The company's ability to continue operations and achieve profitability is uncertain, and investors should closely monitor its funding efforts and strategic initiatives.