Northern Minerals & Exploration completes first non-operated oil and gas working interest acquisition

NORTHERN MINERALS & EXPLORATION LTD

NORTHERN MINERALS & EXPLORATION LTD

NMEX

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  • 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.

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