Wolverine Resources Corp Reports Net Loss of $409.9 Million for the Year

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.

Financial Performance

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.