NORTHERN METALS (UK) LIMITED

1. NORTHERN METALS (UK) LIMITED 2010-07-02 → present
2. NOKOMIS HOLDING (UK) LIMITED 2010-06-24 → 2010-07-02
3. HAILGREEN LIMITED 2010-06-21 → 2010-06-24

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Accounting basis

FRS 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the Company's going concern status the Directors have taken into account the above factors, including the financial position of the Company, the absence of any external debt, and the Company's positive net asset position. After making appropriate enquiries, the Directors consider that the Company has adequate resources to continue in operational existence for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. NORTHERN METALS (UK) LIMITED · parent
   1. Northern Minerals Holding Company 100% · USA · Investment
   2. Twin Metals Minnesota LLC 40% · USA · Mining
   3. Franconia Minerals (US) LLC 40% · USA · Mining
   4. PINE BRANCH LLC 100% · USA · Mining

Significant events

• “On January 30, 2025, the Company issued 1 ordinary share of US$1, for a total consideration of $2,000,000 resulting in an increase in share capital of $1 and an increase in share premium of $1,999,999.”
• “On April 28, 2025, the Company issued 1 ordinary share of US$1, for a total consideration of $2,000,000 resulting in an increase in share capital of $1 and an increase in share premium of $1,999,999.”
• “On July 31, 2025, the Company issued 1 ordinary share of US$1, for a total consideration of $2,500,000 resulting in an increase in share capital of $1 and an increase in share premium of $2,499,999.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

8

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  £1 → £1

• Employees

  —

  Not reported

• Operating profit

  +2.1%

  -£10,378,058 → -£10,155,671

• Profit before tax

  +2.1%

  -£10,378,058 → -£10,155,671

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers