# EDGAR Filing Document

**Accession Number:** 0001424404
**File Stem:** 0001062993-23-001190
**Filing Date:** 2023-1
**Character Count:** 88045
**Document Hash:** 60c86c0d9ff083fd02d3a8aabd30234a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-23-001190.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001062993-23-001190

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 37

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wolverine Resources Corp.
- **CENTRAL INDEX KEY:** 0001424404
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-53767
- **FILM NUMBER:** 23541446

**BUSINESS ADDRESS:**
- **STREET 1:** UNIT #55, 11020 WILLIAMS ROAD
- **CITY:** RICHMOND
- **STATE:** A1
- **ZIP:** V7A 1X8
- **BUSINESS PHONE:** (778) 297-4409

**MAIL ADDRESS:**
- **STREET 1:** UNIT #55, 11020 WILLIAMS ROAD
- **CITY:** RICHMOND
- **STATE:** A1
- **ZIP:** V7A 1X8

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wolverine Technologies Corp.
- **DATE OF NAME CHANGE:** 20150811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wolverine Exploration Inc.
- **DATE OF NAME CHANGE:** 20080118

?xml version="1.0" encoding="UTF-8"? Wolverine Resources Corp.: Form 10-Q - Filed by newsfilecorp.com

------

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**Form 10-Q**

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended  **<u>November 30, 2022</u>**

or

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________________________ to _________________________

Commission File Number  **<u>000-53767</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **<u>WOLVERINE RESOURCES CORP.</u>**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Nevada** | **98-0569013** |
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

---

---

| | |
|:---|:---|
| **#55-11020 Williams Road, Richmond, British Columbia, Canada** | **V7A 1X8** |
| (Address of principal executive offices) | (Zip Code) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **<u>778.297.4409</u>**

(Registrant's telephone number, including area code)

**<u>N/A</u>**

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

[X] YES [ ] NO

Indicate by check mark whether the has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 month (or for such shorter period that the registrant was required to submit such files).

[X] YES [ ] NO

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company. See the definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act

Large accelerated filer [ ] Accelerated filer [ ] <br> Non-accelerated filer [X] Smaller reporting company [X] <br> Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act

[ ] YES [X] NO

**APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**

**PROCEEDINGS DURING THE PRECEDING FIVE YEARS**

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.

[ ] YES [ ] NO

**APPLICABLE ONLY TO CORPORATE ISSUERS**

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

76,464,373 common shares issued and outstanding as of January 20, 2023.

------

**PART 1 - FINANCIAL INFORMATION**

**Item 1. Financial Statements.**

Our unaudited interim financial statements for the three and six month periods ended November 30, 2022 form part of this quarterly report. They are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

------

**WOLVERINE RESOURCES CORP.** 

(Formerly Wolverine Technologies Corp.)

November 30, 2022

(Expressed in U.S. dollars)

(Unaudited)

---

| | |
|:---|:---|
|  | Index |
| [Balance Sheets as of November 30, 2022 (Unaudited) and May 31, 2022](#page4_integixAnchor) | [F-2](#page4_integixAnchor) |
| [Statements of Operations for the three and six months ended November 30, 2022 and 2021 (Unaudited)](#page5_integixAnchor) | [F-3](#page5_integixAnchor) |
| [Statements of Stockholders' Deficit for the six months ended November 30, 2022 and 2021 (Unaudited)](#page6_integixAnchor) | [F-4](#page6_integixAnchor) |
| [Statements of Cash Flows for the six months ended November 30, 2022 and 2021 (Unaudited)](#page7_integixAnchor) | [F-5](#page7_integixAnchor) |
| [Notes to the Financial Statements](#page8_integixAnchor) | [F-6](#page8_integixAnchor) |

---

------

**WOLVERINE RESOURCES CORP.** 

(Formerly Wolverine Technologies Corp.)

Balance Sheets

(Expressed in U.S. dollars)

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | November 30,<br>2022<br>$| May 31,<br>2022<br>$|
|  | (Unaudited) |  |
| ASSETS |  |  |
| Current Assets |  |  |
| &nbsp;&nbsp;Cash | 2369 | 6294 |
| &nbsp;&nbsp;Other receivable | 2343 | 2659 |
| &nbsp;&nbsp;Prepaid expenses | 1453 | 396 |
| Total Assets | 6165 | 9349 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT |  |  |
| Current Liabilities |  |  |
| &nbsp;&nbsp;Accounts payable and accrued liabilities | 56434 | 59028 |
| &nbsp;&nbsp;Accounts payable - related parties (Note 4) | 50418 | 22489 |
| Total Liabilities | 106852 | 81517 |
| Stockholders' Deficit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock, 250,000,000 shares authorized, $0.001 par value 76,464,373 and 77,464,373 shares issued and outstanding at November 30, 2022 and May 31, 2022, respectively | 76464 | 77464 |
| &nbsp;&nbsp;Subscriptions payable | 148933 | 49361 |
| &nbsp;&nbsp;Additional paid-in capital | 9963639 | 9962639 |
| &nbsp;&nbsp;Accumulated deficit | (10289723) | (10161632) |
| Total Stockholders' Deficit | (100687) | (72168) |
| Total Liabilities and Stockholders' Deficit | 6165 | 9349 |

---

(The accompanying notes are an integral part of these condensed financial statements.)<br>

------

**WOLVERINE RESOURCES CORP.** 

(Formerly Wolverine Technologies Corp.)

Statements of Operations

(Expressed in U.S. dollars)

(Unaudited)

---

| |
|:---|
| Operating Expenses |
| &nbsp;&nbsp;&nbsp;&nbsp;General and administrative |
| &nbsp;&nbsp;&nbsp;&nbsp;Mineral property exploration costs |
| Total Operating Expenses |
| Net Loss Before Other Expenses) |
| Other Income (Expense) |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange gain (loss) |
| &nbsp;&nbsp;&nbsp;&nbsp;Recovery of mineral properties |
| Net Loss) |
| Net Loss Per Common Share, Basic and Diluted) |
| Weighted Average Common Shares Outstanding, Basic and Diluted |

---

(The accompanying notes are an integral part of these condensed financial statements.)<br>

------

**WOLVERINE RESOURCES CORP.** 

(Formerly Wolverine Technologies Corp.)

Statements of Changes in Stockholders' Deficit

For the six months ended November 30, 2022 and 2021

(Expressed in U.S. dollars)

(Unaudited)

Six Months Ended November 30, 2021

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | Additional |
|  | Common Stock | Common Stock | Paid-in |
|  | Shares\* | Amount | Capital |
|  | # | $| $|
| **Balance, May 31, 2021** | **31781327** | **31781** | **6086847))** |
| &nbsp;&nbsp;&nbsp;Common stock issued for cash | 900000 | 900 | 35317 |
| &nbsp;&nbsp;&nbsp;Common stock issued for subscriptions received | 1100000 | 1100) | 43603 |
| &nbsp;&nbsp;&nbsp;Net loss for the period |  |  | -) |
| **Balance, August 31, 2021** | **33781327** | **33781** | **6165767))** |
| &nbsp;&nbsp;&nbsp;Common stock issued for cash | 2000000 | 2000 | 75860 |
| &nbsp;&nbsp;&nbsp;Net loss for the period |  |  | -) |
| **Balance, November 30, 2021** | **35781327** | **35781** | **6241627))** |

---

Six Months Ended November 30, 2022

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | Additional |
|  | Common Stock | Subscriptions | Paid-in |
|  | Shares\* | Payable | Capital |
|  | # | $| $|
| **Balance, May 31, 2022** | **77464373** | **49361** | **9962639))** |
| Common stock cancelled | (500000) |  | 500 |
| Common stock subscribed |  | 15430 |  |
| &nbsp;&nbsp;&nbsp;Net income for the period |  |  | -) |
| **Balance, August 31, 2022** | **76964373** | **64791** | **9963139))** |
| &nbsp;&nbsp;&nbsp;Common stock cancelled | (500000) |  | 500 |
| &nbsp;&nbsp;&nbsp;Common stock subscribed |  | 84142 |  |
| &nbsp;&nbsp;&nbsp;Net loss for the period |  |  | -) |
| **Balance, November 30, 2022** | **76464373** | **148933** | **9963639))** |

---

(\*) The Company effected a 20:1 reverse stock split on July 27, 2022. All share and per share amounts have been retrospectively presented to reflect the reverse stock split.

(The accompanying notes are an integral part of these condensed financial statements.)<br>

------

**WOLVERINE RESOURCES CORP.** 

(Formerly Wolverine Technologies Corp.)

Statements of Cash Flows

(Expressed in U.S. dollars)

(Unaudited)

---

| |
|:---|
| Operating Activities |
| &nbsp;&nbsp;Net loss) |
| &nbsp;&nbsp;Changes in operating assets and liabilities: |
| &nbsp;&nbsp;&nbsp;&nbsp;Other receivable |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable - related parties |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses) |
| Net Cash Used in Operating Activities) |
| Financing Activities |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from common stock issued and subscribed |
| Net Cash Provided by Financing Activities |
| Change in Cash) |
| Cash, Beginning of Period |
| Cash, End of Period |
| Supplemental Disclosures: |
| &nbsp;&nbsp;Interest paid |
| &nbsp;&nbsp;Income taxes paid |
| Non-cash Investing and Financing Activities: |
| Common stock cancelled pursuant to amended property purchase agreement |
| Common stock issued for prior year subscriptions |

---

(The accompanying notes are an integral part of these condensed financial statements.)<br>

------

**WOLVERINE RESOURCES CORP.**

(Formerly Wolverine Technologies Corp.)

Notes to the Financial Statements

November 30, 2022

(Expressed in U.S. dollars)

(unaudited)

1. Organization and Basis of Presentation

Wolverine Resources Corp. (formerly Wolverine Technologies Corp.) (the "Company") was incorporated in the State of Nevada on February 23, 2006. The Company's principal business was the acquisition and exploration of mineral resources. The Company had not determined that its properties contain mineral reserves that were economically recoverable, financing had not yet become available, and commodity prices had not fully recovered. Therefore, management decided to change the focus of the Company to include cyber security. Effective July 27, 2022, the Company changed its name from Wolverine Technologies Corp. to Wolverine Resources Corp. The Company has now refocused its efforts back to the exploration of mineral resources.

The outbreak of the novel coronavirus COVID-19, which was declared a pandemic by the World Health Organization on March 11, 2020, has led to adverse impacts on the U.S. and global economies, disruptions of financial markets, and created uncertainty regarding potential impacts to the Company's operations. The COVID- 19 pandemic has impacted and could further impact the Company's operations and the operations of the Company's suppliers and vendors as a result of quarantines, facility closures, and travel and logistics restrictions. The extent to which the COVID-19 pandemic impacts the Company's business, results of operations and financial condition will depend on future developments, which are highly uncertain and cannot be predicted, including, but not limited to the duration, spread, severity, and impact of the COVID-19 pandemic, the effects of the COVID-19 pandemic on the Company's suppliers and vendors and the remedial actions and stimulus measures adopted by local and federal governments, and to what extent normal economic and operating conditions can resume. The management team is closely following the progression of COVID-19 and its potential impact on the Company. Even after the COVID-19 pandemic has subsided, the Company may experience adverse impacts to its business as a result of any economic recession or depression that has occurred or may occur in the future. Therefore, the Company cannot reasonably estimate the impact at this time on its business, liquidity, capital resources and financial results.

*Basis of Presentation*

These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company's fiscal year-end is May 31. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") have been condensed or omitted.

The accompanying financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2022. In the opinion of management, the accompanying financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company's financial position and the result of its operations and its cash flows for the periods shown.

The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.

*Going Concern*

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues and is unlikely to generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. The Company plans to raise financing through debt or equity. There can be no assurance that additional financing will be available when needed or, if available, that it can be obtained on commercially reasonable terms. At November 30, 2022, the Company has a working capital deficiency of $100,687 and has accumulated losses of $10,289,723 since inception. These factors raise substantial doubt regarding the Company's ability to continue as a going concern for a period of one year from the issuance of these financial statements. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

2. Summary of Significant Accounting Policies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Basis of Presentation

These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company's fiscal year-end is May 31.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Use of Estimates

The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

------

**WOLVERINE RESOURCES CORP.**

(Formerly Wolverine Technologies Corp.)

Notes to the Financial Statements

November 30, 2022

(Expressed in U.S. dollars)

(unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Cash and Cash Equivalents

The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Mineral Property Costs

The Company has been in the exploration stage since its inception on February 23, 2006 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property exploration costs are expensed as incurred. Mineral property acquisition costs are initially capitalized when incurred. Our company assesses the carrying costs for impairment under ASC 360, "*Property, Plant, and Equipment*", at each fiscal quarter end. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs then incurred to develop such property, are capitalized. Such costs will be amortized using the units-of production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Income Taxes

The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

Uncertain tax positions are recognized in the financial statements only if that position is more likely than not of being sustained upon examination by taxing authorities, based on the technical merits of the position. The Company recognizes interest and penalties related to uncertain tax positions in the income tax provision. There are currently no unrecognized tax benefits that if recognized would affect the tax rate. There was $0 of interest and penalties recognized for the years ended May 31, 2022 and 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Foreign Currency Translation

The Company's functional and reporting currency is the United States dollar. Occasional transactions may occur in Canadian dollars and management has adopted ASC 830, "*Foreign Currency Translation Matters*". Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Earnings (Loss) Per Share

The Company computes earnings (loss) per share in accordance with ASC 260, "Earnings per Share". ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At November 30, 2022 and May 31, 2022, the Company had no dilutive shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Flow-through shares

The Company may issue flow-through common shares to finance a significant portion of its exploration program. Pursuant to the terms of the flow-through share agreements, these shares transfer the tax deductibility of qualifying resource expenditures to investors. Under ASC 740, "Income Taxes", the proceeds from issuance should be allocated between the offering of shares and the sale of tax benefits. The allocation is made based on the difference between the quoted price of the existing shares and the amount the investor pays for the shares. A liability is recognized for this difference. Upon resource expenditures being incurred and renounced, the Company derecognizes the liability and the premium is recognized as other income.

------

**WOLVERINE RESOURCES CORP.**

(Formerly Wolverine Technologies Corp.)

Notes to the Financial Statements

November 30, 2022

(Expressed in U.S. dollars)

(unaudited)

Proceeds received from the issuance of flow-through common shares are restricted to be used only for Canadian resource property exploration expenditures within a two-year period. The Company may also be subject to Part XII.6 tax under the Canadian Income Tax Act on flow-through proceeds renounced under a Look-back Rule, in accordance with Government of Canada flow-through regulations. When applicable, this tax is accrued as a financial expense until paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Financial Instruments and Fair Value Measures

ASC 820, "Fair Value Measurements and Disclosures", requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model- derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments consist principally of cash, other receivables, accounts payable and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Comprehensive Income

ASC 220, "Comprehensive Income", establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at November 30, 2022 and May 31, 2022, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Derecognition of Financial Liabilities

The Company derecognizes financial liabilities only when its obligations under the financial liabilities are discharged, cancelled or expired. Generally, the difference between the carrying amount of the financial liability derecognized and the consideration paid and payable, including any non-cash assets transferred or liabilities assumed, is recognized in the statements of loss and comprehensive loss.

3. Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

4. Related Party Transactions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the six months ended November 30, 2022, the Company incurred consulting fees of $3,879 (2021 - $7,918) to a company controlled by the Chief Financial Officer ("CFO") of the Company. As at November 30, 2022, the Company owes $15,421 (May 31, 2022 - $9,521) to a company controlled by the CFO, which is non-interest bearing, unsecured and due on demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) During the six months ended November 30, 2022, the Company incurred consulting fees of $15,081 (2021 - $nil) to a Director of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) During the six months ended November 30, 2022, the Company recorded consulting fees of $45,445 (Cdn$60,000) (2021 -$47,169 (Cdn$60,000)) to a company controlled by the Chief Executive Officer ("CEO") and Director of the Company. As at November 30, 2022, the Company owes $30,413 (May 31, 2022 - $10,263) to this company, which is non-interest bearing, unsecured and due on demand (see Note 7(a)). As at November 30, 2022, the Company also owes $3,722 (May 31, 2022 - $2,705) to the CEO for expense reimbursement, which is non-interest bearing, unsecured and due on demand.

------

**WOLVERINE RESOURCES CORP.**

(Formerly Wolverine Technologies Corp.)

Notes to the Financial Statements

November 30, 2022

(Expressed in U.S. dollars)

(unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) On February 28, 2022, the Company acquired a 40% interest in the Frog Property located in Labrador, Canada from 86835 Newfoundland & Labrador Corp., a private company controlled by the CEO and by a Director of the Company. In connection with this transaction, the CEO of the Company received 12,500,000 shares of common stock and a Director of the Company received 12,500,000 shares of common stock. On August 17, 2022, the Company cancelled 500,000 shares of common stock issued to the CEO. On November 30, 2022, the Company cancelled 500,000 shares of common stock issued to a Director of the Company. Refer to note 6(b) and 6(c).

5. Mineral Properties

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In November 2020 and April 2021, the Company staked mineral claims located in Labrador, Canada for $2,668 (Cdn$3,448). During the six months ended November 30, 2021, the Company extended the mineral claim licenses for $7,334 (Cdn$9,400). During the six months ended November 30, 2021, the Company wrote off the mineral property acquisition costs of $7,334 due to the uncertainty of establishing proven and probable reserves. During the six months ended November 30, 2022, the Company incurred mineral property exploration costs of $18,480 (2021 - $0).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On February 28, 2022, the Company entered into a Property Purchase Agreement with 86835 Newfoundland & Labrador Corp. ("86835"), a non-arm's length party, to acquire a 40% interest in the Frog Property located in Labrador, Canada. On February 28, 2022, the Company agreed to issue 28,500,000 shares of common stock at a fair value of $2,850,000 to complete the acquisition.

On August 9, 2022, the Company amended the Property Purchase Agreement with 86835. Under the terms of the Amended Property Purchase Agreement, the number of shares issued pursuant to the acquisition was reduced from 28,500,000 shares of common stock to 27,500,000 shares of common stock and the number of claims was reduced from 315 claims to 262 claims. As of the filing date of these financial statements, 1,000,000 shares of common stock have been returned and cancelled pursuant to the Amended Property Purchase Agreement. Refer to note 6(b) and 6(c).

During the year ended May 31, 2022, the Company wrote off mineral property acquisition costs of $2,850,000 due to uncertainty of establishing proven and probable reserves. During the six months ended November 30, 2022, the Company recognized a recovery of $2,350 related to a refund of staking license fees.

6. Common Stock

Authorized

250,000,000 shares of common stock, $0.001 par value

Issued and outstanding

76,464,373 shares of common stock as at November 30, 2022 (November 30, 2021 - 36,781,327)

During the six months ended November 30, 2022, the Company received $88,953 (Cdn$120,000) for the subscription of 4,800,000 "flow-through" shares of common stock at a price of Cdn$0.025 per share $5,619 (Cdn$7,500) for the subscription of 300,000 shares of common stock at Cdn$0.025 per share, and $5,000 (Cdn$6,765) for the subscription of 250,000 shares of common stock at $0.02 per share. As of the date of these financial statements, the shares have yet to be issued.

Stock transactions during the six months ended November 30, 2022:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) On July 27, 2022, the Company completed a 20:1 reverse stock split and the common stock amounts have been retrospectively restated to show the effect of the reverse split.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On August 17, 2022, the Company returned and cancelled 500,000 shares of common stock for no consideration, pursuant to an amendment in a Property Purchase Agreement. The par value of the 500,000 shares of common stock was reclassified to additional paid-in capital. Refer to note 5(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) On November 30, 2022, the Company returned and cancelled 500,000 shares of common stock for no consideration, pursuant to an amendment in a Property Purchase Agreement. The par value of the 500,000 shares of common stock was reclassified to additional paid-in capital. Refer to note 5(b).

Stock transactions during the six months ended November 30, 2021:

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**WOLVERINE RESOURCES CORP.**

(Formerly Wolverine Technologies Corp.)

Notes to the Financial Statements

November 30, 2022

(Expressed in U.S. dollars)

(unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) On July 26, 2021, the Company issued 37,000,000 shares of common stock at a price of Cdn$0.0025 per share pursuant to a private placement for cash proceeds of $75,295 (Cdn$92,500), of which $40,953 (Cdn$50,000) was received during the year ended May 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) On July 26, 2021, the Company issued 3,000,000 shares of common stock at a price of $0.001875 per share pursuant to a private placement for cash proceeds of $5,625, of which $3,750 was received during the year ended May 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) On November 30, 2021, the Company issued 30,000,000 shares of common stock at a price of Cdn$0.0025 per share pursuant to a private placement for cash proceeds of $59,110 (Cdn$75,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) On November 30, 2021, the Company issued 10,000,000 shares of common stock at a price of $0.001875 per share pursuant to a private placement for cash proceeds of $18,750.

At November 30, 2022 and 2021, the Company had no dilutive shares, or common stock equivalents.

7. Commitments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) On January 31, 2007, the Company entered into a consulting agreement with a company controlled by a significant shareholder of the Company, whereby it has agreed to pay $7,633 (Cdn$10,000) per month to manage the financing and exploration projects of the Company. The Company is obligated to issue a bonus of 5% of the Company's issued and outstanding common shares as of the date of the payment of the bonus upon and only in the event of the discovery of a major commercially viable mineral resource deposit. As at November 30, 2022, the Company has not issued a bonus. During the six months ended November 30, 2022, the Company recorded consulting fees of $45,445 (Cdn$60,000) (2021 -$47,169 (Cdn$60,000)). See Note 4(c).

&nbsp;&nbsp;&nbsp;&nbsp;(b) On April 19, 2016, the Company signed a Share Purchase Agreement with a Director of the Company, whereby the Company will issue, in a private placement, 400,000,000 shares of common stock of the Company in consideration for one-third of the net proceeds that the Director will receive from the sale of the Director's 15% interest in Decision-Zone Inc. As of the date of this filing, the agreement has not yet closed.

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**Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations**

*Forward-Looking Statements*

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report, particularly in the section entitled "Risk Factors".

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars. All references to "CDN$" refer to Canadian dollars and all references to "common shares" refer to the common shares in our capital stock.

As used in this quarterly report, the terms "we", "us", "our", the "Company" and "Wolverine" mean Wolverine Technologies Corp., unless otherwise indicated.

***Corporate History***

Our company was incorporated in the State of Nevada on February 23, 2006 and is quoted on the OTC Pink under the symbol WOLV.

Since we began operations in 2006, the Company has been focused primarily on the exploration for and development of base and precious metal properties located in North America. The Company has two mineral properties located in Labrador, Canada, the Frog Property and the Cache River Property.

On February 28, 2022, the Company entered into an agreement ("Agreement") with 86835 Newfoundland & Labrador Corp. ("86835"), a non-arm's length party, to acquire a 40% interest in the Frog Property (the "Property") located in Labrador, Canada. Under the terms of the Agreement the Company issued 28,500,000 common shares at a deemed price of $0.04 per share for a purchase price of $1,140,000. The deemed issue price of the acquisition was determined based on an equivalent price per share for a concurrent financing. For accounting purposes, the acquisition had a fair value $2,850,000 and a fair value of $0.10 per share based upon the closing market price of Wolverine on February 28, 2022.

On August 9, 2022, Wolverine entered into an Amended Purchase Agreement with 86835 Newfoundland & Labrador Corp. ("86835") relating to the acquisition of a 40% interest in the Frog Property located in Labrador, Canada. Under the terms of the Amended Purchase Agreement the number of shares issued pursuant to the acquisition was reduced from 28,500,000 common shares to 27,500,000 common shares and the number of claims was reduced from 315 claims to 262 claims

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The Property consists of 262 claims comprising an area of 6,550 hectares (16185 acres). The Property is remote, centered on latitude 56.02° N and longitude 62.24° W within NTS map areas 13M16 and 14D01. It is located approximately 70 kilometres west-northwest of Natuashish and 65kilometres southwest of Nain, Labrador, situated 30 kilometres south of the Voysey's Bay nickel, copper, and cobalt deposit operated by Voysey's Bay Nickel Company Ltd., a subsidiary of Vale S.A.

The Company also holds a 90% interest in the Cache River Property located in Labrador, Canada consisting of a total of 53 mineral claims and an area of 1325 hectares (3,274 acres). The Company is not currently conducting any exploration on the Cache River Property.

We have not yet determined whether the Frog Property or the Cache River Property contain mineral reserves that are economically recoverable.

**Our Current Business**

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 properties in Labrador, Canada, known as the Frog Property and the Cache River Property. We intend to conduct further exploration activities on the properties in 2023. We expect to review other potential exploration projects from time to time as they are presented to us.

**Cash Requirements** 

There is limited historical financial information about us upon which to base an evaluation of our performance. We are in the development stage and have not generated any revenues from activities. We cannot guarantee we will be successful in our business activities. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, and possible cost overruns due to price and cost increases in services.

Over the next twelve months we intend to use any funds that we may have available to fund our Plan of Operation. Not accounting for our working capital deficit of $100,687 as of November 30, 2022, we require additional funds of approximately $114,000 (CDN$152,000) at a minimum to proceed with our plan of operation over the next twelve months. As we do not have the funds necessary to cover our projected operating expenses for the next twelve-month period, we will be required to raise additional funds through the issuance of equity securities, through loans or through debt financing. There can be no assurance that we will be successful in raising the required capital or that actual cash requirements will not exceed our estimates. We intend to fulfill any additional cash requirement through the sale of our equity securities.

Our auditors have issued a going concern opinion for our year ended May 31, 2022. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated. As at November 30, 2022, we had cash of $2,369 and had a working capital deficiency in the amount of $100,687. As November 30, 2022, we do not have sufficient working capital to enable us to carry out our stated plan of operation for the next twelve months.

**Plan of Operation**

The Plan of Operation for the next 12 months is to raise $114,000 (CDN$152,000) for the next phase of exploration program on the Frog Property.

It is recommended that airborne magnetics and radiometrics surveys be completed over the Property. Rare earth mineralization is generally associated with uranium mineralization and radiometrics should define promising areas for follow-up examination.

------

The area of the strong magnetic anomaly is completely covered in glacial tills and no outcrop is evident. Prospecting should be completed expanding the 2021 range of coverage focusing on the north and south limits of the large magnetic anomaly at the cliff edges where the steep valley ridges demonstrate spalling of rocks into scree piles. Additional prospecting should be completed following the airborne geophysical surveys as well, focusing on both radiometric and magnetic anomalies.

It is estimated that the next phase of exploration would cost $114,000 (Cdn$152,000), as itemized in Table 4.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Program** | **Description** | **Cost** |
| &nbsp;&nbsp;Airborne Geophysics | Property wide | $56,250 (Cdn$75,000) |
| &nbsp;&nbsp;Prospecting | 7 people x 14 days | $18,375 (Cdn$24,500) |
| &nbsp;&nbsp;Mob/demob | Helicopter/Float Plane | $18,750 (Cdn$25,000) |
| &nbsp;&nbsp;Analytical | 100 samples | $3,750 (Cdn$5,000) |
| &nbsp;&nbsp;Camp |  | $6,750 (Cdn$9,000) |
| &nbsp;&nbsp;Contingencies | ~ 10% | $10,125 (Cdn$13,500) |
| &nbsp;&nbsp;**Total** |  | $**114,000 (Cdn$152,000)** |
| *Table 4: Recommended* | *Budget - Frog Property* |  |

---

As at November 30, 2022, we have cash of $2,369 and we will need to raise additional financing to fund our plan of operation over the next 12 months.

The continuation of our business is dependent upon obtaining further financing and 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.

*Purchase of Significant Equipment*

We do not intend to purchase any significant equipment over the twelve months ending November 30, 2023.

*Corporate Offices*

We do not own any real property. Our principal business offices are located at #55-11020 Williams Road, Richmond British Columbia, Canada, V7A 1X8 at a cost of CDN $1,000 per month on a month-to-month basis.

*Employees*

Currently we do not have any employees. The Company utilizes consultants for the management, regulatory, administration, investor relations and geological functions of the Company. We do not expect any material changes in the number of employees over the next 12-month period. We will continue to retain consultants as required.

**Critical Accounting Policies**

Our financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles used in the United States. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financial statements. For information regarding our Critical Accounting Policies, see the "Application of Critical Accounting Policies" section in our Form 10-K.

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**Results of Operations**

***Three Months Ended November 30, 2022 and November 30, 2021***

The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended November 30, 2022, which are included herein.

*Three-month summary ending November 30, 2022 and November 30, 2021*

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| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **November 30, 2022** | **November 30, 2021** |
| Revenue | $Nil | $Nil |
| Operating Expenses | $(89351) | $(91458) |
| Other income (Expense) | $3755 | $2835 |
| Net Income (Loss) | $(85596) | $(88623) |

---

**Expenses**

Our operating expenses for the three-month periods ended November 30, 2022 and November 30, 2021 are outlined in the table below:

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **November 30, 2022** | **November 30, 2021** |
| General and administrative | $70871 | $84124 |
| Mineral property exploration costs | $18480 | $7334 |

---

General and administrative expenses decreased by $13,253 from $84,124 during the three months ended November 30, 2021 to $70,871 during the three months ended November 30, 2022. This decrease was primarily a result of a decrease in transfer agent and filing fees of $5,928, a decrease in professional fees of $4,121, and a decrease in consulting fees of $3,627, and offset by an increase in other miscellaneous expense of $423.

Mineral property and exploration costs increased by $11,146 from $7,334 during the three months ended November 30, 2021 to $18,480 during the three months ended November 30, 2022. Mineral property exploration costs increased during the quarter since the Company has refocused its efforts back to the exploration of mineral resources in Labrador, Canada.

***Six Months Ended November 30, 2022 and November 30, 2021***

The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended November 30, 2022, which are included herein.

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*Six-month summary ending November 30, 2022 and November 30, 2021*

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** |
|  | **November 30, 2022** | **November 30, 2021** |
| Revenue | $Nil | $Nil |
| Operating Expenses | $(135223) | $(155329) |
| Other income (Expense) | $7132 | $11711 |
| Net Income (Loss) | $(128091) | $(143618) |

---

**Expenses**

Our operating expenses for the six-month periods ended November 30, 2022 and November 30, 2021 are outlined in the table below:

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** |
|  | **November 30, 2022** | **November 30, 2021** |
| General and administrative | $116743 | $147995 |
| Mineral property exploration costs | $18480 | $7334 |

---

General and administrative expenses decreased by $31,252 from $147,995 during the six months ended November 30, 2021 to $116,743 during the six months ended November 30, 2022. This decrease was primarily a result of a decrease in transfer agent and filing fees of $14,242, a decrease in professional fees of $13,027, and a decrease in consulting fees of $4,421, and offset by an increase in other miscellaneous expense of $438.

**Revenue**

We have not earned any revenues since our inception, and we do not anticipate earning revenues in the upcoming quarter.

**Liquidity and Financial Condition** 

*Working Capital* 

---

| | | |
|:---|:---|:---|
|  | **As At** <br>**November 30,<br>2022** | **As At**<br>**May 31,**<br>**2022** |
| Current assets | $6165 | $9349 |
| Current liabilities | (106852) | (81517) |
| Working Capital Deficit | $(100687) | $(72168) |

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*Cash Flows*

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| | | |
|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** |
|  | **November 30,<br>2022** | **November 30,** <br>**2021** |
| Net Cash Used in Operating Activities | $(103497) | $(118732) |
| Net Cash Provided by Financing Activities | 99572 | 114077 |
| Net change in cash during period | $(3925) | $(4655) |

---

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*Operating Activities*

Net cash used in operating activities during the six months ended November 30, 2022, was $103,497 compared to $118,732 during the six months ended November 30, 2021. The decrease in cash used in operating activities was primarily a result of a decrease in net loss to $128,091 for the six months ended November 30, 2022 compared to $143,618 for the six months ended November 30, 2021.

*Financing Activities*

During the six months ended November 30, 2022, we received proceeds of $99,572 from financing activities, which included proceeds of common stock issued and subscribed of $99,572. In the comparable period, we received $114,077 from financing activities.

**Contractual Obligations**

As a "smaller reporting company", we are not required to provide tabular disclosure obligations.

**Off-Balance Sheet Arrangements**

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

**Recent Accounting Standards**

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

**Item 3. Quantitative and Qualitative Disclosure About Market Risk**

Not required.

**Item 4. Controls and Procedures**

***Management's Report on Disclosure Controls and Procedures***

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the *Securities Exchange Act of 1934*, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president (also our principal executive officer, principal financial officer, and principal accounting officer) to allow for timely decisions regarding required disclosure.

As of November 30, 2022, the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (also our principal executive officer, principal financial and accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing evaluation, and in light of weakness identified in our internal controls over financial reporting which were disclosed in our Annual Report on Form 10-K for the year ended May 31, 2022, our president (also our principal executive officer, principal financial and accounting officer) concluded that our disclosure controls and procedures were not effective.

------

***Changes in Internal Control over Financial Reporting***

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended November 30, 2022 that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

**PART II**

**OTHER INFORMATION**

**Item 1. Legal Proceedings**

We are not a party to any pending legal proceedings and, to the best of our knowledge, none of our property or assets are the subject of any pending legal proceedings

**Item 1A. Risk Factors**

Much of the information included in this annual report includes or is based upon estimates, projections or other "forward looking statements". Such forward looking statements include any projections and estimates made by us and our management in connection with our business operations. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Such estimates, projections or other "forward looking statements" involve various risks and uncertainties as outlined below. We caution the reader that important factors in some cases have affected and, in the future, could materially affect actual results and cause actual results to differ materially from the results expressed in any such estimates, projections or other "forward looking statements".

*If we do not obtain additional financing, the business plan will fail.* 

Our current operating funds are insufficient to complete the next phases of our proposed exploration program on our Labrador mineral claims. We will need to obtain additional financing in order to complete our business plan and our proposed exploration program. Our business plan calls for significant expenses in connection with the exploration of the Labrador Claims. We have not made arrangements to secure any additional financing.

*Because we have only recently commenced business operations, we face a high risk of business failure and this could result in a total loss of your investment.* 

We are not currently conducting any exploration and are in the initial stages of exploration of the Labrador Claims, and thus have no way to evaluate the likelihood of whether our company will be able to operate our business successfully. Our Company was incorporated on February 23, 2006, and to date we have been involved primarily in organizational activities, obtaining financing and preliminary exploration of the Labrador Claims. We have not earned any revenues and we have never achieved profitability as of the date of this annual report. Potential investors should be aware of the difficulties normally encountered by new mineral exploration companies and the high rate of failure of such enterprises. The likelihood of success must be considered in the light of problems, expenses, difficulties, complications and delays encountered in connection with the exploration of the mineral properties that our company plans to undertake. These potential problems include, but are not limited to, unanticipated problems relating to exploration and additional costs and expenses that may exceed current estimates. We have no history upon which to base any assumption as to the likelihood that its business will prove successful, and we can provide no assurance to investors that our company will generate any operating revenues or ever achieve profitable operations. If our company is unsuccessful in addressing these risks its business will likely fail and you will lose your entire investment in this offering.

------

*Because our company has only recently commenced business operations, we expect to incur operating losses for the foreseeable future.* 

Our company has never earned any revenue and our company has never been profitable. Prior to completing exploration on the Labrador Claims, we may incur increased operating expenses without realizing any revenues from the Labrador Claims, this could cause our company to fail and you will lose your entire investment in this offering.

*If we do not find a joint venture partner for the continued development of our mineral claims, we may not be able to advance exploration work.* 

If the results of the exploration program are successful, we may try to enter into a joint venture agreement with a partner for the further exploration and possible production of the Labrador Claims. Our company would face competition from other junior mineral resource exploration companies who have properties that they deem to be attractive in terms of potential return and investment cost. In addition, if our company entered into a joint venture agreement, our company would likely assign a percentage of our interest in the Labrador Claims to the joint venture partner. If our company is unable to enter into a joint venture agreement with a partner, our company may fail and you may lose your entire investment in this offering.

*Because of the speculative nature of mineral property exploration, there is substantial risk that no commercially viable deposits will be found and our business will fail.* 

Exploration for base and precious metals is a speculative venture involving substantial risk. We can provide investors with no assurance that the Labrador Claims contain commercially viable mineral deposits. The exploration program that our company will conduct on the Labrador Claims may not result in the discovery of commercially viable mineral deposits. Problems such as unusual and unexpected rock formations and other conditions are involved in base and precious metal exploration and often result in unsuccessful exploration efforts. In such a case, we may be unable to complete our business plan and you could lose your entire investment.

*Because of the inherent dangers involved in base and precious metal exploration, there is a risk that our company may incur liability or damages as we conduct our business.* 

The search for base and precious metals involves numerous hazards. As a result, our company may become subject to liability for such hazards, including pollution, cave-ins and other hazards against which we cannot insure or against which we may elect not to insure. Our company currently has no such insurance, nor do we expect to get such insurance in the foreseeable future. If a hazard were to occur, the costs of rectifying the hazard may exceed our asset value and cause our company to liquidate all of our assets resulting in the loss of your entire investment.

*Because access to our company's mineral claims is often restricted by inclement weather, we will be delayed in exploration and any future mining efforts.* 

Access to the Labrador mineral claims is restricted to the period between May and November of each year due to snow in the area. As a result, any attempts to visit, test, or explore the property are largely limited to these few months of the year when weather permits such activities. These limitations can result in significant delays in exploration efforts, as well as mining and production in the event that commercial amounts of minerals are found. Such delays can result in our company's inability to meet deadlines for exploration expenditures as defined by the Province of Newfoundland and Labrador. This could cause the business venture to fail and the loss of your entire investment unless our company can meet the deadlines.

*As our company undertakes exploration of the Labrador Claims, we will be subject to compliance with government regulation that may increase the anticipated time and cost of its exploration program.* 

There are several governmental regulations that materially restrict the exploration of minerals. Our company will be subject to the mining laws and regulations as contained in the Mineral Act of the Province of Newfoundland and Labrador as we carry out our exploration program. We may be required to obtain work permits, post bonds and perform remediation work for any physical disturbance to the land in order to comply with these regulations. While our company's planned exploration program budgets for regulatory compliance, there is a risk that new regulations could increase our time and costs of doing business and prevent our company from carrying out our exploration program.

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*Because market factors in the mining business are out of our control, our company may not be able to market any minerals that may be found.* 

The mining industry, in general, is intensely competitive and we can provide no assurance to investors even if minerals are discovered that a ready market will exist from the sale of any base or precious metals found. Numerous factors beyond our control may affect the marketability of base or precious metals. These factors include market fluctuations, the proximity and capacity of natural resource markets and processing equipment, government regulations, including regulations relating to prices, taxes, royalties, land tenure, land use, importing and exporting of minerals and environmental protection. The exact effect of these factors cannot be accurately predicted, but the combination of these factors may result in our company not receiving an adequate return on invested capital and you may lose your entire investment.

*Because our company holds a significant portion of our cash reserves in United States dollars, we may experience weakened purchasing power in Canadian dollar terms.* 

Our company holds a significant portion of our cash reserves in United States dollars. Due to foreign exchange rate fluctuations, the value of these United States dollar reserves can result in both translation gains or losses in Canadian dollar terms. If there was to be a significant decline in the United States dollar versus the Canadian Dollar, our US dollar purchasing power in Canadian dollars would also significantly decline. Our company has not entered into derivative instruments to offset the impact of foreign exchange fluctuations.

*Our auditors have expressed substantial doubt about our company's ability to continue as a going concern.* 

The accompanying financial statements have been prepared assuming that our company will continue as a going concern. As discussed in Note 1 to the May 31, 2022, financial statements, our company was incorporated on February 23, 2006, and has never generated any revenue, has a working capital deficiency, and has incurred operating losses since inception. As a result, our company's auditor has expressed substantial doubt about the ability of our company to continue as a going concern. Continued operations are dependent on our ability to complete equity or debt financings or generate profitable operations. Such financings may not be available or may not be available on reasonable terms. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty.

*Our stock is a penny stock. Trading of our stock may be restricted by the SEC's penny stock regulations which may limit a stockholder's ability to buy and sell our stock.* 

Our stock is a penny stock. The Securities and Exchange Commission has adopted Rule 15g-9 which generally defines "penny stock" to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and "accredited investors". The term "accredited investor" refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the SEC which provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer's account. The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer's confirmation. In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from these rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in and limit the marketability of our common stock.

------

*OTC Markets has placed a "Shell Risk" identifier on the Company's page on OTC Markets website.*

OTC Markets has placed a "Shell Risk" identifier on the Company's page on OTC Markets website. The Company is not in agreement that it is a "Shell Company" as defined in Rule 12b-2 of the Exchange Act due to the operations conducted by the Company in the past few years in the technology sector, and that such operations have been more than nominal. If advisable or beneficial for the Company or its shareholders, the Company may elect to pursue the appeal process with OTC Markets to have the "Shell Risk" identifier removed.

**Item 2. Unregistered Sales of Equity Securities** 

None.

**Item 3. Defaults Upon Senior Securities**

None.

**Item 4. Mine Safety disclosures**

N/A.

**Item 5. Other Information**

On November 9, 2022 the Company appointed Slade Dyer to the board of directors and audit committee of Wolverine.

**Item 6. Exhibits** 

---

| | |
|:---|:---|
| **Exhibit<br>Number** | <br>**Description** |
| **(3)** | **(i) Articles of Incorporation; and (ii) Bylaws** |
| [3.1](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit3_1.htm) | [Articles of Incorporation of Wolverine filed as an Exhibit to our Form S-1 (Registration Statement) on July 15, 2008, and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit3_1.htm) |
| [3.2](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit3_2.htm) | [Bylaws of Wolverine, filed as an Exhibit to our Form S-1 (Registration Statement) on July 15, 2008, and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit3_2.htm) |
| [3.3](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit3_3.htm) | [Certificate of Amendment of Wolverine, filed as an Exhibit to our Form S-1 (Registration Statement) filed on July 15, 2008 and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit3_3.htm) |
| [3.4](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit3_4.htm) | [Certificate of Registration of Extra-Provincial Corporation, filed as an Exhibit to our Form S-1 (Registration Statement) filed on July 15, 2008 and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit3_4.htm) |

---

------

---

| | |
|:---|:---|
| **Exhibit<br>Number** | <br>**Description** |
| [3.5](http://www.sec.gov/Archives/edgar/data/1424404/000106299313004688/exhibit3-1.htm) | [Certificate of Amendment of Wolverine, filed as an Exhibit to our Form 8-K filed on September 17, 2013 and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000106299313004688/exhibit3-1.htm) |
| [3.6](http://www.sec.gov/Archives/edgar/data/1424404/000106299315004312/exhibit3-1.htm) | [Articles of Merger of Wolverine, filed as an Exhibit to our Form 8-K filed on August 11, 2015 and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000106299315004312/exhibit3-1.htm) |
| [3.7](http://www.sec.gov/Archives/edgar/data/1424404/000106299320001077/exhibit3-1.htm) | [Certificate of Amendment of Wolverine, filed as an Exhibit to our Form 8-K filed on February 19, 2020 and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000106299320001077/exhibit3-1.htm) |
| [3.8](http://www.sec.gov/Archives/edgar/data/1424404/000106299322016866/exhibit3-1.htm) | [Certificate of Change of Wolverine, filed as an Exhibit to our 8-K filed July 29, 2022 and incorporated by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000106299322016866/exhibit3-1.htm) |
| [3.9](http://www.sec.gov/Archives/edgar/data/1424404/000106299322016866/exhibit3-2.htm) | [Articles of Merger of Wolverine, filed as an Exhibit to our 8-K filed July 29, 2022 and incorporated by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000106299322016866/exhibit3-2.htm) |
| [3.10](http://www.sec.gov/Archives/edgar/data/1424404/000106299322017573/exhibit3-2.htm) | [Certificate of Amendment of Wolverine, filed as an Exhibit to our 8-K filed August 9, 2022 and incorporated by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000106299322017573/exhibit3-2.htm) |
| **(10)** | **Material Contracts** |
| [10.1](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit10_1.htm) | [Vend-In Agreement dated February 28, 2007 between Wolverine and Shenin Resources Inc., filed as an Exhibit to our Form S-1 (Registration Statement) filed on July 15, 2008 and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit10_1.htm) |
| [10.2](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit10_2.htm) | [Consulting Agreement dated January 31, 2007 between Wolverine and Texada Consulting Inc., filed as an Exhibit to our Form S-1 (Registration Statement) filed on July 15, 2008 and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit10_2.htm) |
| [10.3](http://www.sec.gov/Archives/edgar/data/1424404/000106299322017573/exhibit3-1.htm) | [Amended Purchase Agreement between Wolverine and 86835 Newfoundland & Labrador Corp. filed as an Exhibit to our 8-K filed on August 9, 2022 and incorporated by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000106299322017573/exhibit3-1.htm) |

---

------

---

| | |
|:---|:---|
| **Exhibit<br>Number** | <br>**Description** |
| **(14)** | **Code of Ethics** |
| [14.1](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit14.htm) | [Code of Ethics, filed as an Exhibit to our Form S-1 (Registration Statement) filed on July 15, 2008 and incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/1424404/000110807808000070/exhibit14.htm) |
| **(31)** | **Rule 13a-14(a)/15d-14(a) Certifications** |
| [31.1\*](exhibit31-1.htm) | [Certification of Principal Executive Officer Pursuant to Section 302 Certifications under Sarbanes-Oxley Act of 2002](exhibit31-1.htm) |
| [31.2\*](exhibit31-2.htm) | [Certification of Principal Financial Officer Pursuant to Section 302 Certifications under Sarbanes-Oxley Act of 2002](exhibit31-2.htm) |
| **(32)** | **Section 1350 Certifications** |
| [32.1\*](exhibit32-1.htm) | [Certification of Principal Financial Officer Pursuant to Section 906 Certifications under Sarbanes-Oxley Act of 2002](exhibit32-1.htm) |
| [32.2\*](exhibit32-2.htm) | [Certification of Principal Financial Officer Pursuant to Section 906 Certifications under Sarbanes-Oxley Act of 2002](exhibit32-2.htm) |
| **INLINE XBRL** | **INLINE XBRL** |
| 101.INS\* | Inline XBRL Instance Document–the instance document does not appear in the Interactive Data File as its XBRL tags are embedded within the Inline XBRL document |
| [101.SCH\*](wolv-20221130.xsd) | [Inline XBRL Taxonomy Extension Schema Document](wolv-20221130.xsd) |
| [101.CAL\*](wolv-20221130_cal.xml) | [Inline XBRL Taxonomy Extension Calculation Linkbase Document](wolv-20221130_cal.xml) |
| [101.DEF\*](wolv-20221130_def.xml) | [Inline XBRL Taxonomy Extension Definition Linkbase Document](wolv-20221130_def.xml) |
| [101.LAB\*](wolv-20221130_lab.xml) | [Inline XBRL Taxonomy Extension Label Linkbase Document](wolv-20221130_lab.xml) |
| [101.PRE\*](wolv-20221130_pre.xml) | [Inline XBRL Taxonomy Extension Presentation Linkbase Document](wolv-20221130_pre.xml) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

---

*\* Filed herewith.*

------

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
|  | **WOLVERINE TECHNOLOGIES CORP.** |
|  | (Registrant) |
| Dated: January 20, 2023 | /s/ Bruce Costerd |
|  | **Bruce Costerd** |
|  | Chief Executive Officer and Director |
|  | (Principal Executive Officer) |
| Dated: January 20, 2023 | /s/ Richard Haderer |
|  | **Richard Haderer** |
|  | Chief Financial Officer and Director |
|  | (Principal Financial Officer and Principal Accounting Officer) |

---

------

## Exhibit 31.1

------

EXHIBIT 31.1

**CERTIFICATION PURSUANT TO**<br>**18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO**<br>**SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Bruce Costerd, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Wolverine Resources Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: January 20, 2023

<u>/s/ Bruce Costerd</u><u> </u><br>Bruce Costerd<br>Chief Executive Officer and Director<br>(Principal Executive Officer)

------

## Exhibit 31.2

------

EXHIBIT 31.2

**CERTIFICATION PURSUANT TO**<br>**18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO**<br>**SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Richard Haderer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Wolverine Resources Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: January 20, 2023

<u>/s/ Richard Haderer</u><u> </u><br>Richard Haderer<br>Chief Financial Officer and Director<br>(Principal Financial Officer and Principal Accounting Officer)

------

## Exhibit 32.1

------

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Bruce Costerd, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Quarterly Report on Form 10-Q of Wolverine Resources Corp. for the period ended November 30, 2022 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Wolverine Resources Corp.

---

| | |
|:---|:---|
| Dated: January 20, 2023 |  |
|  | /s/ Bruce Costerd |
|  | Bruce Costerd |
|  | Chief Executive Officer and Director |
|  | (Principal Executive Officer) |
|  | Wolverine Resources Corp. |

---

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Wolverine Resources Corp. and will be retained by Wolverine Resources Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

------

## Exhibit 32.2

------

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Richard Haderer, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Quarterly Report on Form 10-Q of Wolverine Resources Corp. for the period ended November 30, 2022 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Wolverine Resources Corp.

---

| | |
|:---|:---|
| Dated: January 20, 2023 |  |
|  | /s/ Richard Haderer |
|  | Richard Haderer |
|  | Chief Financial Officer and Director |
|  | (Principal Financial Officer and Principal Accounting Officer) |
|  | Wolverine Resources Corp. |

---

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Wolverine Resources Corp. and will be retained by Wolverine Resources Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

------