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Wolverine Resources Corp Reports Net Loss of $409.9 Million for the Year
Annual Revenue and Financial Performance
May 31, 2023 - Wolverine Resources Corp. [WOLVD] a leading mining company, has released its annual financial report for the year ending May 31, 2023. The company reported a net loss of $409.9 million for the year, highlighting the challenging conditions faced by the industry.
Despite the net loss, Wolverine Resources Corp has shown resilience in its financial performance. The company recorded a total revenue of $2.5 million for the year, down from $9.3 million the previous year. This decline can be attributed to several factors, including impairment of mineral properties and settlement of liabilities.