June 2026 Quarterly Cash Flow Report

• Northern Minerals reported a net cash outflow of $8,998,000 in the current quarter
• The company used $25,838,000 in investing activities, primarily for term deposits
• Financing activities provided a net cash inflow of $40,997,000 for the quarter
• Estimated cash available for future operations is $7,819,000, providing approximately 3.73 quarters of funding

Northern Minerals Ltd released its June 2026 Quarterly Cash Flow Report, detailing the company's cash flow activities for the quarter. The report highlights a net cash outflow of $8,998,000 from operating activities, primarily due to expenditures on exploration and evaluation, development, site costs, staff costs, and administration and corporate costs. Investing activities resulted in a net cash outflow of $25,838,000, mainly due to payments for term deposits. Financing activities, however, provided a net cash inflow of $40,997,000. The report also notes that term deposits with an original maturity of more than 90 days are not classified as cash equivalents but are available for conversion to cash upon 31 days' notice. The company estimates it has $7,819,000 in cash and cash equivalents at the end of the quarter, which is expected to provide approximately 3.73 quarters of funding.

Northern Minerals Ltd estimates 3.73 quarters of funding available based on current cash and cash equivalents.

Northern Minerals Ltd has not provided a specific outlook in the report. However, it mentions that the company is assessing its options to raise further cash if needed to continue operations.