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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**Form 10-Q**\n\n \n\n(Mark One)\n\n☒   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended **April 30, 2026**\n\n \n\nor\n\n \n\n☐   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from _________ to ___________\n\n \n\nCommission File Number **333-146934**\n\n \n\n**NORTHERN MINERALS & EXPLORATION LTD.**\n\n(Exact name of registrant as specified in its charter)\n\n \n\n**Nevada**\n\n \n\n**98-0557171**\n\n(State or other jurisdiction of\n\nincorporation or organization)\n\n \n\n(IRS Employer\n\nIdentification No.)\n\n \n \n \n\n**1267 N 680 W, Pleasant Grove, UT**\n\n \n\n**84062**\n\n(Address of principal executive offices)\n\n \n\n(Zip Code)\n\n \n\n**(801) 885-9260**\n\n(Registrant’s telephone number, including area code)\n\n \n\n \n\n(Former name, former address and former fiscal year, if changed since last report)\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\n \n\nTrading Symbol(s)\n\n \n\nName of exchange on which registered\n\n**Common**\n\n \n\n**NMEX**\n\n \n\n**OTC PINK**\n\n \n\n \n\nIndicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  ☒       No  ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes  ☒        No  ☐\n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\n \n\nLarge accelerated filer ☐\n\nNon-accelerated filer ☒\n\nEmerging growth company ☐\n\nAccelerated filer ☐\n\nSmaller reporting company ☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes  ☐   No  ☒\n\n \n\nAPPLICABLE ONLY TO CORPORATE ISSUERS\n\n \n\nIndicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. 111,488,932 common shares issued and outstanding as of June 12, 2026.\n\n \n\n \n\n \n\n \n\n \n\n**NORTHERN MINERALS & EXPLORATION LTD.**\n\n \n\n**FORM 10-Q**\n\n \n\n**For the Period ended****April 30, 2026**\n\n \n\n**TABLE OF CONTENTS**\n\n \n\nPART I – FINANCIAL INFORMATION\n\n3"}