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Wolverine Resources Corp   (WOLV)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $0.0299 $0.00 0.000%
Day's High: $0.0299 Week Perf: 30 %
Day's Low: $ 0.03 30 Day Perf: -6.27 %
Volume (M): 10 52 Wk High: $ 0.05
Volume (M$): $ 0 52 Wk Avg: $0.03
Open: $0.03 52 Wk Low: $0.01



 Market Capitalization (Millions $) 3
 Shares Outstanding (Millions) 98
 Employees 3
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Wolverine Resources Corp

We are an exploration stage mining company engaged in the identification, acquisition, and exploration of metals and minerals with a focus on base and precious metals. Our current operational focus is to raise sufficient funds to continue exploration activities on our property in Labrador, Canada, known as the Cache River Property. We expect to review other potential exploration projects from time to time as they are presented to us.

Concurrent with our exploration activities we will continue to evaluate opportunities to diversify our business through merger or acquisition, and to assist Enigma to raise the $2,500,000 in financing required to complete our reverse acquisition pursuant to the Share Exchange and Royalty Agreement.

On April 19, 2016, Wolverine entered into a Share Purchase Agreement with our Director, David Chalk, pursuant to which we have agreed to issue in a private placement 400,000,000 shares of our common stock in consideration for one-third of the net proceeds that Mr. Chalk may realize from the sale of Mr. Chalk’s 15% equity interest in Decision-Zone Inc., a privately held cyber-security software company based in Ontario, Canada. The Agreement is subject to our Company increasing its authorized capital to allow for the issuance of the consideration shares. As of the date of this filing, the agreement has not yet closed.

Our business is conducted by independent contractors which include our officers and directors, among others. As of May 31, 2017, the company had three consultants (PubCo Services Inc. (Richard Haderer), Texada Consulting Inc. (Bruce Costerd), and David Chalk engaged on a non-exclusive, part time basis, and several other IR, administrative, and accounting consultants who are engaged on an intermittent, as needed basis. Our business plan does not anticipate that we will hire a large number of employees or that we will require extensive office space. We have to date, and plan to continue to acquire most of the industry and geological expertise we require through third party contractual relationships with other companies, which will act as operators of our various interests. Although this exposes us to certain risks on behalf of those operators, it also allows us to participate in the often unique experience and knowledge that local persons have related to certain properties.

We have suffered recurring losses from operations and anticipate generating loses for the foreseeable future. The continuation of our business is dependent upon obtaining further financing, completing a successful program of exploration and/or development, and, finally, achieving a profitable level of operations. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

There are no assurances that we will be able to obtain further funds required for our continued operations. As noted herein, we are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be unable to conduct our operations as planned, and we will not be able to meet our other obligations as they become due. In such event, we will be forced to scale down or perhaps even cease our operations.

The Company has one current mineral project known as the Cache River Property. We have not yet determined if the Cache River Property contains mineral reserves that are economically recoverable.



   Company Address: #55-11020-Williams Road Richmond 0 BC
   Company Phone Number: 297.4409   Stock Exchange / Ticker: WOLV
   


   

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Wolverine Resources Corp

Wolverine Resources Corp Faces Sharp Decline in Business Performance, Prompts Need for Strategic Action in 2024



The Metal Mining industry is closely monitoring the first quarter of 2024 results of Wolverine Resources Corp (WOLV), a prominent player in the market. With an operating loss of $-0.098091 million and no reported revenue for the reporting period from June to August 31, 2023, industry insiders are eagerly awaiting the company's evolving business model. Despite facing certain challenges in the first quarter of 2024, including a shortfall of $-0.100 million and an increase in accounts receivable, Wolverine Resources Corp remains poised to reshape its market standing in the coming months.
Lack of Revenue and Operating Loss
The absence of reported revenue for the June to August 31, 2023 reporting period by Wolverine Resources Corp has captured the attention of industry insiders. It has resulted in an operating loss of $-0.098091 million, indicating the necessity for the company to devise and implement a new business model. The absence of revenue showcases the challenges faced by WOLV in generating profits during this period. However, this scenario isn't unique to Wolverine Resources Corp, as businesses often experience intermittent setbacks while striving to establish a prosperous business model.

Wolverine Resources Corp

Wolverine Resources Corp Exhibits Slight Improvement with $0.0047 Million in Revenue for Q4 2023 Earnings Season

Wolverine Resources Corp's fourth quarter earnings season results for 2023 have shown a slight improvement compared to the previous year. The company disclosed a revenue of $0.0047 million for the fourth quarter, which is a positive sign for investors. However, the net deficit reported was $-0.062 million, although it is still an improvement from the deficit of $-0.353 million in the same reporting season a year ago.
One concerning aspect for analysts is the decline in the level of accounts receivable, which now stands at $0.0 million. This suggests that there may be a slowing demand for Wolverine Resources Corp's products or services. It is important for investors to closely monitor this situation as it could impact the company's future financial performance.






 




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