WOLV
Wolverine Resources Corp.0.0030
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
375.67KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Wolverine Resources narrowed its Q3 FY2025 operating loss to $66,678 from $108,404 a year earlier, thanks to lower general and administrative costs, while mineral exploration on the Frog Property ticked down slightly to $14,160. Over nine months, though, the net loss widened to $453,143 from $284,915, driven by a hefty $136,866 loss on debt settlements that outpaced operating expenses of $319,692. Cash drained to zero amid $165,420 used in operations, offset by $159,578 from stock issuances, leaving a $126,690 working capital deficit and no debt beyond payables. Shares outstanding swelled to 125 million. Exploration stays lean. Yet funding remains the real hurdle.
10-Q
Q2 FY2025 results
Wolverine Resources Corp. posted a net loss of $110,145 for Q2 FY2025 ended November 30, 2024, up 39% y/y from $79,041, driven by higher general and administrative expenses that climbed to $111,318 from $76,372 amid increased consulting and filing fees, while exploration costs dropped to nil from $2,252. For the six-month YTD, the net loss widened to $389,574 from $179,498, with operating expenses rising 43% y/y to $253,014, but a $136,866 loss on debt settlements—versus $543 last year—pushed the net figure higher, as operating loss of $253,014 exceeded it by over 50% due to those non-operating hits. Cash edged up to $11,851 from $5,842 at FY-end, fueled by $128,575 in financing inflows including stock issuances, yet operating cash burn of $122,566 underscores funding needs for the $114,000 Frog Property exploration push. Shares outstanding swelled to 125 million from 101 million via issuances settling related-party debts. No non-GAAP metrics disclosed in the 10-Q. Weather limits access to Labrador claims, delaying fieldwork.
10-Q
Q1 FY2025 results
Wolverine Resources Corp. posted a net loss of $279,429 for Q1 FY2025 ended August 31, 2024, up from $100,457 a year earlier, driven by higher operating expenses of $141,696 versus $98,091 (y/y) amid increased general and administrative costs and mineral exploration outlays on the Frog Property. The gap between operating loss and net loss stemmed from a $136,866 loss on debt settlements via share issuances. Cash dwindled to $22 from $5,842 q/q, with net cash used in operations at $26,586; financing inflows of $20,766 from loans and subscriptions barely offset the burn. No revenue yet, but exploration ramps up. Substantial doubt lingers on funding the $114,000 exploration plan without fresh capital.
8-K
Private placement and debt settlement
Wolverine Resources issued 23,950,000 common shares on September 10, 2024, via private placements to 26 investors, raising USD $290,995 gross, while settling debts with 8,390,000 shares to 25 creditors at a deemed price of USD $0.01825 per share. These offshore and U.S. exempt transactions bolster liquidity yet dilute equity. Shares carry resale restrictions.
10-K
FY2024 results
Wolverine Resources Corp. reported a net loss of $458,653 for FY2024 ended May 31, 2024, up 11.8% y/y from $409,902, driven by higher general and administrative expenses of $364,505 amid ongoing exploration efforts on its Frog Property in Labrador. No revenue was generated, with mineral exploration costs dipping to $25,141 from $30,109 as the company advanced geophysical surveys and prospecting without discovering economic mineralization. Cash stood at $5,842 by year-end, bolstered by $369,806 in financing proceeds, yet a $79,110 working capital deficit persists, signaling tight liquidity. Q4 momentum leaned toward planning a $152,000 exploration push in fall 2024, targeting magnetic anomalies and rare earth potential. The company relies on equity raises to fund operations. Weather restrictions could delay quarterly progress.
IPO
Sector
Industry
FPRGF
Falco Resources Ltd.
0.29-0.01
LINMF
LINEAR MINERALS CORP.
0.03-0.00
PNPNF
Power Metallic Mines Inc.
0.57-0.01
REDRF
Red Canyon Resources Ltd.
0.12+0.00
SRGXF
Surge Copper Corp.
0.27-0.01
SVBL
Silver Bull Resources, Inc.
0.25-0.02
VRRCF
VR Resources Ltd.
0.01+0.00
WLFFF
Wolfden Res Corp
0.07-0.01
WRN
Western Copper and Gold Corpora
2.56+0.01
XPL
Solitario Resources Corp.
0.66-0.01