Filing Signals

Source: SEC EDGAR Compiled 2026-11-13 17:17 UTC 23 automated checks passing

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NORTHERN MINERALS & EXPLORATION LTD.

CIK 1415744 NMEX·Mining · All EDGAR filings ↗

Progression

  1. Accounting standard newly cited 10-Q
  2. Going concern 10-K +231d
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Form
An amendment is grouped with the report it amends; every 12b-25 notice is one group

Going concern Filing comparison

NORTHERN MINERALS & EXPLORATION LTD. said management's plans alleviate substantial doubt about going concern

Substantial doubt about ability to continue as a going concern → Substantial doubt raised, alleviated by management's plans

However, there can be no assurance that the Company will be successful in obtaining sufficient additional financing or generating adequate cash flows from operations to meet its obligations as they become due. Management's plans have not alleviated the substantial doubt regarding the Company's ability to continue as a going concern. The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern and do not include any adjustments to the carrying amounts or classification of assets and liabilities that might be necessary if the…
Evidence
Blank check
No
Comparable
Yes
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
eased
Located in
going-concern note
Prior filed
2025-11-26
Prior form
10-K/A
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.

Source filing ↗ Prior filing ↗

Revenue recognition change beta Filing comparison

NORTHERN MINERALS & EXPLORATION LTD. changed its revenue recognition disclosure

Revenue is recognized when control of the promised goods or services is transferred to a customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
Evidence
New language
Revenue is recognized when control of the promised goods or services is transferred to a customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services., Revenue from oil and natural gas sales is recognized at the point in time when control of the product transfers to the purchaser, generally upon delivery to the purchaser or designated delivery point, in accordance with the terms of the applicable sales agreements., At that time, the Company's performance obligation is satisfied, and the Company has an enforceable right to payment.
Prior filed
2025-11-26
Prior form
10-K/A
Similarity
0.291
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.

Language present now, absent from the prior filing:

  • Revenue is recognized when control of the promised goods or services is transferred to a customer in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
  • Revenue from oil and natural gas sales is recognized at the point in time when control of the product transfers to the purchaser, generally upon delivery to the purchaser or designated delivery point, in accordance with the terms of the applicable sales agreements.
  • At that time, the Company's performance obligation is satisfied, and the Company has an enforceable right to payment.

Source filing ↗ Prior filing ↗

Late filing elevated Filing comparison

NORTHERN MINERALS & EXPLORATION LTD. told the SEC it could not file its annual report on time

Additional time is needed for the Company to compile and analyze supporting documentation in order to complete the Form 10-K and in order to permit the Company’s independent registered public accounting firm time to complete its review of the financial statements included in the Form 10-K. The Company intends to file the Form 10-K as soon as possible.
Evidence
Days past due date
0
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
Additional time is needed for the Company to compile and analyze supporting documentation in order to complete the Form 10-K and in order to permit the Company’s independent registered public accounting firm time to complete its review of the financial statements included in the Form 10-K. The Company intends to file the Form 10-K as soon as possible.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.

Source filing ↗

Accounting standard newly cited Filing comparison

NORTHERN MINERALS & EXPLORATION LTD. cited accounting standard ASU 2023-08 for the first time in this filing series

The Company adopted ASU 2023-08 effective January 1, 2025.
Evidence
Adopted
2023-08
Adoption year stated
2025
Contexts
The Company adopted ASU 2023-08 effective January 1, 2025.
New standards
2023-08
Prior filed
2025-12-15
Prior form
10-Q
Restates existing policy
No
Source
accounting standards update (ASU) reference comparison
Why
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.

Source filing ↗ Prior filing ↗