• Northern Minerals & Exploration completed its first acquisition under a new strategy to build non-operated working interests in US oil and gas projects.
• Transaction adds a non-operated working interest position typically sized at 0.3333% to 2.5% in a drilling unit slated for horizontal development.
• Strategy targets units operated by mid-sized independents, aiming to diversify basin exposure while limiting operational risk.
• Capital allocation framework targets a 20% to 33% internal rate of return, depending on project economics, drilling results, commodity prices.
• Company plans to review additional acquisitions to expand its upstream non-operated portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern Minerals & Exploration Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202606020902ACCESSWRNAPR_____1171831) on June 02, 2026, and is solely responsible for the information contained therein.