|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0351 - 0.0351|
|52 Week Range||0.0155 - 0.1200|
|Beta (3Y Monthly)||4.57|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The drilling contractor has reported to our Joint Venture Partner EnergyFunders that drilling operations began on August 1, 2019 on our Northside High drilling prospect. As of August 13, 2019 the drilling contractor reported they were drilling at 5,300 feet toward a target depth of 7,300 feet. The Northside High Prospect is located in the Beauregard Parish of Louisiana, the Cockfield (Yegua) Sand. Notable wells in the area have produced in excess of 200,000 barrels from this formation. NMEX is participating in this well by acquiring up to 8% of the working interest. The Winnemucca Mountain Gold and Silver Property consists of a total 138 unpatented mineral claims, covering over 2,600 acres in Humboldt County, in northwestern Nevada.
Northern Minerals & Exploration Ltd. (Stock Symbol: NMEX) is pleased to announce the following update on the drilling of the Northside High Prospect in Louisiana. The drilling contractor has reported to our Joint Venture Partner EnergyFunders that our Northside High drilling prospect is next on their list for drilling. All the site work, including the road and drill pad construction has been completed and the location is read for the drilling rig. The Northside High Prospect is located in the Beauregard Parish of Louisiana, which is a 7,300 foot test into the Cockfield (Yegua) Sand. Notable wells in the area have produced in excess of 200,000 barrels from this formation. NMEX is participating in this well by acquiring up to 8% of the working interest.
Northern Minerals & Exploration Ltd. (NMEX) (“Northern” or the “Company”) has entered into a preliminary joint venture agreement (the “Agreement”) with a private Mexican entity to work together on the raising of capital funds necessary to build a 68 room Waterfront Hotel & Resort & 92 residential Jungle villas, Cenote Villas, 4 bars & restaurants, clubhouse, tennis, aquatic center, wellness center & etc on a beautiful property (“Property”) situated on the Caribbean coast of the Yucatan Peninsula in the State of Quintana Roo, Mexico. Under the terms of the Agreement Northern has the right to participate for a 20% interest in the Property. Lake Bacalar is a long and narrow lake in the state of Quintana Roo, Mexico.
Northern Minerals & Exploration Ltd. (Stock Symbol: NMEX) is pleased to announce that NMEX has finalized a new agreement to acquire an 80 percent interest in the Winnemucca Mountain gold and silver property, subject to a 3% net smelter royalty. The Winnemucca Mountain Property (the “Property’) consists of a total 138 unpatented mineral claims, 2,600 acres, in Humboldt County, in northwestern Nevada. Humboldt County is the second largest gold producing county in the United States and hosts numerous past and producing gold mines, including the Getchell (Barrick/Newmont), Marigold (Goldcorp), Lone Tree (Newmont), and Twin Creeks (Newmont).
Northern Minerals & Exploration Ltd. (Stock Symbol: NMEX) is pleased to announce the signing of a Memorandum of Understanding with Labrador Capital SAPI De CV (“Labrador”) on March 8, 2019. This is the first step toward entering into a Joint Venture Agreement for pursuing real estate development opportunities in the Puerto Morelos area of the Yucatan Peninsula of Mexico with Labrador.
Northern Minerals & Exploration Ltd. (Stock Symbol: NMEX) is pleased to report that the Company has entered into an MOU with EnergyFunders to jointly participate in the exploration and development of oil and gas projects. On November 30, 2018 NMEX and EnergyFunders entered into a Memorandum of Understanding (“MOU”) to set forth the terms and conditions to jointly operate and pursue oil & gas projects. It was mutually agreed to create EF NMEX 18, LP, in order to joint promote domestic oil and gas drilling projects. Historically direct oil and gas investing is inefficient and antiquated.