Northern Minerals & Exploration is a small, early-stage natural resource company with two business lines: oil and gas production in central Texas, operated through its subsidiary Kathis Energy, and gold and silver exploration in northern Nevada. Neither business is operational or generating meaningful revenue. In oil and gas, the company's model is to raise capital through a limited partnership structure, Kathis Energy Fund 1, to fund drilling programs in Texas. In mineral exploration, the company is exploring for gold and silver in Nevada, with the goal of either developing a mine or attracting a larger partner or acquirer. The company has no employees — its three officers act as consultants and engage contractors as needed. The ability to execute on either business line depends entirely on raising outside capital.