Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Feb. 28, 2023 | Apr. 19, 2023 | |
Cover [Abstract] | ||
Entity Registrant Name | WOLVERINE RESOURCES CORP. | |
Entity Central Index Key | 0001424404 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Feb. 28, 2023 | |
Current Fiscal Year End Date | --05-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Address, Address Line One | 55-11020 Williams Road | |
Entity Common Stock, Shares Outstanding | 91,024,373 | |
Entity Current Reporting Status | Yes | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q3 | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Interactive Data Current | Yes | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-53767 | |
Entity Tax Identification Number | 98-0569013 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, City or Town | Richmond | |
Entity Address, State or Province | BC | |
Entity Address, Postal Zip Code | V7A 1X8 | |
Local Phone Number | 297.4409 | |
City Area Code | 778 | |
Entity Address, Country | CA |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Feb. 28, 2023 | May 31, 2022 |
Current Assets | ||
Cash | $ 40 | $ 6,294 |
Other receivable | 4,338 | 2,659 |
Prepaid expenses | 3,086 | 396 |
Total Assets | 7,464 | 9,349 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 74,770 | 59,028 |
Accounts payable - related parties | 17,514 | 22,489 |
Total Liabilities | 92,284 | 81,517 |
Stockholders' Deficit | ||
Common stock, 250,000,000 shares authorized, $0.001 par value 91,024,373 and 77,464,373 shares issued and outstanding at February 28, 2023 and May 31, 2022, respectively | 91,024 | 77,464 |
Subscriptions payable | 5,740 | 49,361 |
Additional paid-in capital | 10,328,021 | 9,962,639 |
Accumulated deficit | (10,509,605) | (10,161,632) |
Total Stockholders' Deficit | (84,820) | (72,168) |
Total Liabilities and Stockholders' Deficit | $ 7,464 | $ 9,349 |
Balance Sheets (Unaudited) (Par
Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Feb. 28, 2023 | May 31, 2022 | Feb. 28, 2022 |
Statement of Financial Position [Abstract] | |||
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 | |
Common Stock, Par Value Per Share | $ 0.001 | $ 0.001 | |
Common Stock, Shares, Issued | 91,024,373 | 77,464,373 | 64,281,327 |
Common Stock, Shares, Outstanding | 91,024,373 | 77,464,373 | 64,281,327 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Feb. 28, 2023 | Feb. 28, 2022 | Feb. 28, 2023 | Feb. 28, 2022 | |
Operating Expenses | ||||
General and administrative | $ 127,813 | $ 305,923 | $ 244,556 | $ 453,918 |
Mineral property exploration costs | 10,949 | 19,203 | 29,429 | 26,537 |
Impairment of mineral properties | 0 | 2,857,334 | 0 | 2,857,334 |
Total Operating Expenses | 138,762 | 3,182,460 | 273,985 | 3,337,789 |
Net Loss Before Other Expenses | (138,762) | (3,182,460) | (273,985) | (3,337,789) |
Other Income (Expense) | ||||
Loss on settlement of debt | (80,888) | 0 | (80,888) | 0 |
Foreign exchange gain (loss) | (232) | (2,631) | 4,550 | 9,080 |
Recovery of mineral properties | 0 | 0 | 2,350 | 0 |
Write-down of accounts payable | 0 | 271 | 0 | 271 |
Total Other Income (Expense) | (81,120) | (2,360) | (73,988) | 9,351 |
Net Loss | $ (219,882) | $ (3,184,820) | $ (347,973) | $ (3,328,438) |
Net Loss Per Common Share, Basic | $ 0 | $ 0 | $ 0 | $ 0 |
Net Loss Per Common Share, Diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Common Shares Outstanding, Basic | 81,641,262 | 35,961,364 | 78,649,062 | 34,690,119 |
Weighted Average Common Shares Outstanding, Diluted | 81,641,262 | 35,961,364 | 78,649,062 | 34,690,119 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Subscriptions Payable [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Total |
Balance at May. 31, 2021 | $ 31,781 | $ 44,703 | $ 6,086,847 | $ (6,480,363) | $ (317,032) |
Balance (shares) at May. 31, 2021 | 31,781,327 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Common stock issued for cash | $ 900 | 35,317 | 36,217 | ||
Common stock issued for cash (shares) | 900,000 | ||||
Common stock issued for subscriptions received | $ 1,100 | (44,703) | 43,603 | ||
Common stock issued for subscriptions received (Shares) | 1,100,000 | ||||
Net loss for the period | (54,995) | (54,995) | |||
Balance at Aug. 31, 2021 | $ 33,781 | 0 | 6,165,767 | (6,535,358) | (335,810) |
Balance (shares) at Aug. 31, 2021 | 33,781,327 | ||||
Balance at May. 31, 2021 | $ 31,781 | 44,703 | 6,086,847 | (6,480,363) | (317,032) |
Balance (shares) at May. 31, 2021 | 31,781,327 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net loss for the period | (3,328,438) | ||||
Balance at Feb. 28, 2022 | $ 64,281 | 138,055 | 9,063,127 | (9,808,801) | (543,338) |
Balance (shares) at Feb. 28, 2022 | 64,281,327 | ||||
Balance at Aug. 31, 2021 | $ 33,781 | 0 | 6,165,767 | (6,535,358) | (335,810) |
Balance (shares) at Aug. 31, 2021 | 33,781,327 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Common stock issued for cash | $ 2,000 | 75,860 | 77,860 | ||
Common stock issued for cash (shares) | 2,000,000 | ||||
Net loss for the period | (88,623) | (88,623) | |||
Balance at Nov. 30, 2021 | $ 35,781 | 0 | 6,241,627 | (6,623,981) | (346,573) |
Balance (shares) at Nov. 30, 2021 | 35,781,327 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Common stock issued to purchase mineral property | $ 28,500 | 2,821,500 | 2,850,000 | ||
Common stock issued to purchase mineral property (Shares) | 28,500,000 | ||||
Common stock subscribed | 138,055 | 138,055 | |||
Net loss for the period | (3,184,820) | (3,184,820) | |||
Balance at Feb. 28, 2022 | $ 64,281 | 138,055 | 9,063,127 | (9,808,801) | (543,338) |
Balance (shares) at Feb. 28, 2022 | 64,281,327 | ||||
Balance at May. 31, 2022 | $ 77,464 | 49,361 | 9,962,639 | (10,161,632) | (72,168) |
Balance (shares) at May. 31, 2022 | 77,464,373 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Common stock cancelled | $ (500) | 500 | |||
Common stock cancelled (shares) | (500,000) | ||||
Common stock subscribed | 15,430 | 15,430 | |||
Net loss for the period | (42,495) | (42,495) | |||
Balance at Aug. 31, 2022 | $ 76,964 | 64,791 | 9,963,139 | (10,204,127) | (99,233) |
Balance (shares) at Aug. 31, 2022 | 76,964,373 | ||||
Balance at May. 31, 2022 | $ 77,464 | 49,361 | 9,962,639 | (10,161,632) | (72,168) |
Balance (shares) at May. 31, 2022 | 77,464,373 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net loss for the period | (347,973) | ||||
Balance at Feb. 28, 2023 | $ 91,024 | 5,740 | 10,328,021 | (10,509,605) | (84,820) |
Balance (shares) at Feb. 28, 2023 | 91,024,373 | ||||
Balance at Aug. 31, 2022 | $ 76,964 | 64,791 | 9,963,139 | (10,204,127) | (99,233) |
Balance (shares) at Aug. 31, 2022 | 76,964,373 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Common stock cancelled | $ (500) | 500 | |||
Common stock cancelled (shares) | (500,000) | ||||
Common stock subscribed | 84,142 | 84,142 | |||
Net loss for the period | (85,596) | (85,596) | |||
Balance at Nov. 30, 2022 | $ 76,464 | 148,933 | 9,963,639 | (10,289,723) | (100,687) |
Balance (shares) at Nov. 30, 2022 | 76,464,373 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Common stock subscribed | 47,979 | 47,979 | |||
Common stock issued for subscriptions received | $ 8,870 | (191,172) | 182,302 | ||
Common stock issued for subscriptions received (Shares) | 8,870,000 | ||||
Common stock issued for debt | $ 5,690 | 182,080 | 187,770 | ||
Common stock issued for debt (Shares) | 5,690,000 | ||||
Net loss for the period | (219,882) | (219,882) | |||
Balance at Feb. 28, 2023 | $ 91,024 | $ 5,740 | $ 10,328,021 | $ (10,509,605) | $ (84,820) |
Balance (shares) at Feb. 28, 2023 | 91,024,373 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Feb. 28, 2023 | Feb. 28, 2022 | |
Operating Activities | ||
Net loss | $ (347,973) | $ (3,328,438) |
Loss on settlement of debt | 80,888 | 0 |
Impairment of mineral properties | 0 | 2,857,334 |
Write-down of accounts payable | 0 | (271) |
Changes in operating assets and liabilities: | ||
Other receivable | (1,679) | 5,834 |
Accounts payable | 65,057 | 129,560 |
Accounts payable - related parties | 52,592 | 137,978 |
Prepaid expenses | (2,690) | (395) |
Net Cash Used in Operating Activities | (153,805) | (198,398) |
Financing Activities | ||
Proceeds from common stock issued and subscribed | 147,551 | 252,132 |
Net Cash Provided by Financing Activities | 147,551 | 252,132 |
Change in Cash | (6,254) | 53,734 |
Cash, Beginning of Period | 6,294 | 9,111 |
Cash, End of Period | 40 | 62,845 |
Supplemental Disclosures: | ||
Interest paid | 0 | 0 |
Income taxes paid | 0 | 0 |
Non-cash Investing and Financing Activities: | ||
Common stock issued to purchase mineral property | 0 | 2,850,000 |
Common stock issued to settle debt | 187,770 | 0 |
Common stock cancelled pursuant to amended property purchase agreement | 1,000 | 0 |
Common stock issued for subscriptions payable | $ 191,172 | $ 44,703 |
Organization and Basis of Prese
Organization and Basis of Presentation | 9 Months Ended |
Feb. 28, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Basis of Presentation [Text Block] | 1. 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 February 28, 2023, the Company has a working capital deficiency of $84,820 and has accumulated losses of $10,509,605 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. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Feb. 28, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies [Text Block] | 2. (a) 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. (b) The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. (c) 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 (d) 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. (e) 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 (f) 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 February 28, 2023 and May 31, 2022, the Company had no dilutive shares outstanding. (g) 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. 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. (h) 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. (i) ASC 220, "Comprehensive Income", establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at February 28, 2023 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. (j) 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. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Feb. 28, 2023 | |
Accounting Standards Update and Change in Accounting Principle [Abstract] | |
Recent Accounting Pronouncements [Text Block] | 3. 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. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Feb. 28, 2023 | |
Related Party Transactions [Abstract] | |
Related Party Transactions [Text Block] | 4. (a) On January 23, 2023, the Company issued 1,000,000 shares of common stock to settle $18,680 (Cdn$25,000) of amounts payable to the company controlled by the CFO, resulting in a loss on settlement of $14,320 (see note 6(f)). As at February 28, 2022, the Company owes $4,477 (May 31, 2022 - $9,521) to a company controlled by the CFO, which is non-interest bearing, unsecured and due on demand. (b) (c) On January 23, 2023, $38,888 of accounts payable owing to the entity controlled by the CEO was assigned to various third-party assignees. The assignees are business associates of the CEO and are not related parties. The Company issued 2,050,000 shares of common stock to settle the $38,888, resulting in a loss on settlement of $28,762 (see note 6(f)). As at February 28, 2023, the Company owes $7,686 (May 31, 2022 - $10,263) to this company, which is non-interest bearing, unsecured and due on demand (see Note 7(a)). As at February 28, 2023, the Company also owes $5,350 ( ) to the CEO for expense reimbursement, which is non-interest bearing, unsecured and due on demand. (d) |
Mineral Properties
Mineral Properties | 9 Months Ended |
Feb. 28, 2023 | |
Mineral Properties, Net [Abstract] | |
Mineral Properties [Text Block] | 5. (a) (b) 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 nine months ended February 28, 2023, the Company recognized a recovery of $2,350 related to a refund of staking license fees. |
Commitments
Commitments | 9 Months Ended |
Feb. 28, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments [Text Block] | 7. (a) (b) |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Feb. 28, 2023 | |
Accounting Policies [Abstract] | |
Use of Estimates [Policy Text Block] | (a) 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. |
Cash and Cash Equivalents [Policy Text Block] | (b) The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. |
Mineral Property Costs [Policy Text Block] | (c) 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 |
Income Taxes [Policy Text Block] | (d) 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. |
Foreign Currency Translation [Policy Text Block] | (e) 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 |
Earnings (Loss) Per Share [Policy Text Block] | (f) 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 February 28, 2023 and May 31, 2022, the Company had no dilutive shares outstanding. |
Flow-through shares [Policy Text Block] | (g) 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. 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. |
Financial Instruments and Fair Value Measures [Policy Text Block] | (h) 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. |
Comprehensive Income [Policy Text Block] | (i) ASC 220, "Comprehensive Income", establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at February 28, 2023 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. |
Derecognition of Financial Liabilities [Policy Text Block] | (j) 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. |
Organization and Basis of Pre_2
Organization and Basis of Presentation (Narrative) (Details) - USD ($) | Feb. 28, 2023 | May 31, 2022 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficiency | $ 84,820 | |
Accumulated deficit | $ 10,509,605 | $ 10,161,632 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) | 12 Months Ended | |
May 31, 2022 | May 31, 2021 | |
Accounting Policies [Abstract] | ||
Recognized penalties and interest expense | $ 0 | $ 0 |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) | 1 Months Ended | 9 Months Ended | |||||||
Aug. 17, 2022 shares | Feb. 28, 2022 USD ($) shares | Feb. 28, 2023 CAD ($) shares | Feb. 28, 2023 USD ($) shares | Feb. 28, 2022 CAD ($) | Feb. 28, 2022 USD ($) | Jan. 23, 2023 CAD ($) | Jan. 23, 2023 USD ($) | May 31, 2022 USD ($) | |
Related Party Transaction [Line Items] | |||||||||
Due to related parties, current | $ 2,050,000 | ||||||||
Company Controlled By Chief Financial Officer Of Company [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Consulting fees | 12,031 | $ 11,866 | |||||||
Common stock issued for cash (Shares) | shares | 1,000,000 | ||||||||
Amounts payable to the company | $ 25,000 | $ 18,680 | |||||||
Amounts loss on settlement | 14,320 | ||||||||
Due to related parties, current | $ 4,477 | 4,477 | $ 9,521 | ||||||
Director [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Consulting fees | $ 19,972 | 19,502 | |||||||
Common stock issued for cash (Shares) | shares | 12,500,000 | ||||||||
Common stock cancelled | shares | 500,000 | 500,000 | |||||||
Company Controlled By Chief Executive Officer And Director [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Consulting fees | $ 90,000 | $ 67,677 | $ 110,000 | $ 86,664 | |||||
Account Payable | 38,888 | ||||||||
Amounts loss on settlement | $ 28,762 | ||||||||
Due to related parties, current | 7,686 | 10,263 | |||||||
Equity method investment, ownership percentage | 40% | 40% | |||||||
Chief Executive Officer [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Common stock issued for cash (Shares) | shares | 12,500,000 | ||||||||
Amount owed for expense reimbursement | $ 5,350 | $ 2,705 | |||||||
Common stock cancelled | shares | 500,000 |
Mineral Properties (Narrative)
Mineral Properties (Narrative) (Details) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||
Aug. 09, 2022 shares | Nov. 30, 2022 shares | Aug. 17, 2022 shares | Feb. 28, 2022 USD ($) shares | Feb. 28, 2022 USD ($) | Feb. 28, 2023 USD ($) | Feb. 28, 2022 USD ($) | May 31, 2022 USD ($) | May 31, 2022 CAD ($) | May 31, 2022 USD ($) | Apr. 30, 2021 CAD ($) | Apr. 30, 2021 USD ($) | Nov. 30, 2020 CAD ($) | Nov. 30, 2020 USD ($) | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||||
Mineral claims | $ 9,400 | $ 7,334 | $ 3,448 | $ 2,668 | $ 3,448 | $ 2,668 | ||||||||
Write off of mineral property acquisition costs | $ 7,334 | |||||||||||||
Exploration costs | $ 29,429 | $ 26,537 | ||||||||||||
Common stock issued to purchase mineral property | $ 2,850,000 | |||||||||||||
Recovery related to staking license fees | $ 2,350 | |||||||||||||
Property Purchase Agreement [Member] | ||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||||
Write off of mineral property acquisition costs | $ 2,850,000 | |||||||||||||
Equity method investment, ownership percentage | 40% | 40% | 40% | |||||||||||
Common stock issued to purchase mineral property (Shares) | shares | 28,500,000 | 28,500,000 | ||||||||||||
Common stock issued to purchase mineral property | $ 2,850,000 | |||||||||||||
Amended Property Purchase Agreement [Member] | ||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||||||
Common stock issued to purchase mineral property (Shares) | shares | 27,500,000 | |||||||||||||
Common stock cancelled | shares | 500,000 | 500,000 | ||||||||||||
Shares returned and cancelled | shares | 1,000,000 |
Common Stock (Narrative) (Detai
Common Stock (Narrative) (Details) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||
Aug. 09, 2022 shares | Jan. 27, 2023 CAD ($) $ / shares shares | Jan. 27, 2023 USD ($) shares | Nov. 30, 2022 shares | Aug. 17, 2022 shares | Jul. 27, 2022 | Feb. 28, 2023 USD ($) | Feb. 28, 2022 USD ($) shares | Feb. 28, 2023 CAD ($) $ / shares shares | Feb. 28, 2023 USD ($) shares | Feb. 28, 2022 USD ($) shares | May 31, 2022 CAD ($) | May 31, 2022 USD ($) $ / shares shares | Feb. 28, 2023 USD ($) $ / shares shares | Feb. 23, 2023 USD ($) | Jan. 27, 2023 $ / shares | |
Equity [Line Items] | ||||||||||||||||
Common stock, shares authorized | 250,000,000 | 250,000,000 | ||||||||||||||
Common stock par value per share | $ / shares | $ 0.001 | $ 0.001 | ||||||||||||||
Common stock, shares, issued | 64,281,327 | 64,281,327 | 77,464,373 | 91,024,373 | ||||||||||||
Common stock, shares, outstanding | 64,281,327 | 64,281,327 | 77,464,373 | 91,024,373 | ||||||||||||
Proceeds from subscriptions of share | $ 10,400 | $ 35,000 | $ 36,518 | |||||||||||||
Proceeds from issuance of common stock | $ 150,000 | $ 111,033 | ||||||||||||||
Flow-through shares subscribed | 6,000,000 | 6,000,000 | ||||||||||||||
Subscription shares of common stock | 520,000 | 520,000 | ||||||||||||||
Number of common share yet to be issued | 100,000 | |||||||||||||||
Number of common share yet to be issued 1 | 200,000 | |||||||||||||||
Price per share of common share yet to be issued | $ / shares | $ 0.02 | |||||||||||||||
Price per share of common share yet to be issued 1 | $ / shares | $ 0.025 | |||||||||||||||
Subscriptions payable | $ | $ 49,361 | $ 5,740 | $ 5,740 | |||||||||||||
Common stock issued for subscription payable (shares) | 1,400,000 | 1,400,000 | ||||||||||||||
Common stock price per share | (per share) | $ 0.025 | $ 0.02 | ||||||||||||||
Reverse stock split | 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. | |||||||||||||||
Loss on settlement of debt | $ | $ (80,888) | $ 0 | $ (80,888) | $ 0 | ||||||||||||
Common stock issued to purchase mineral property | $ | $ 2,850,000 | |||||||||||||||
Amended Property Purchase Agreement [Member] | ||||||||||||||||
Equity [Line Items] | ||||||||||||||||
Common stock cancelled | 500,000 | 500,000 | ||||||||||||||
Common stock issued to purchase mineral property (Shares) | 27,500,000 | |||||||||||||||
Private Placement [Member] | ||||||||||||||||
Equity [Line Items] | ||||||||||||||||
Proceeds from issuance of common stock | $ 62,500 | $ 49,362 | ||||||||||||||
Common stock price per share | $ / shares | $ 0.05 | |||||||||||||||
Common stock issued for cash (shares) | 1,250,000 | 1,250,000 | ||||||||||||||
Private Placement - 2 [Member] | ||||||||||||||||
Equity [Line Items] | ||||||||||||||||
Proceeds from issuance of common stock | $ 180,000 | $ 133,410 | ||||||||||||||
Common stock price per share | $ / shares | $ 0.025 | |||||||||||||||
Common stock issued for cash (shares) | 7,200,000 | 7,200,000 | ||||||||||||||
Private Placement - 3 [Member] | ||||||||||||||||
Equity [Line Items] | ||||||||||||||||
Proceeds from issuance of common stock | $ | $ 8,400 | |||||||||||||||
Common stock price per share | $ / shares | $ 0.02 | |||||||||||||||
Common stock issued for cash (shares) | 420,000 | 420,000 | ||||||||||||||
Private Placement - 4 [Member] | ||||||||||||||||
Equity [Line Items] | ||||||||||||||||
Stock issued during period, shares, to settle accounts payable | 5,690,000 | 5,690,000 | ||||||||||||||
Stock issued during period, value, to settle accounts payable | $ | $ 187,770 | |||||||||||||||
Extinguishment of debt, amount | $ 142,984 | 107,377 | ||||||||||||||
Loss on settlement of debt | $ | $ 80,888 |
Commitments (Narrative) (Detail
Commitments (Narrative) (Details) | 1 Months Ended | 9 Months Ended | |||
Apr. 19, 2016 shares | Feb. 28, 2023 CAD ($) | Feb. 28, 2023 USD ($) | Feb. 28, 2022 CAD ($) | Feb. 28, 2022 USD ($) | |
Loss Contingencies [Line Items] | |||||
Consulting agreement, monthly payment | $ 10,000 | $ 7,702 | |||
Consulting fees | $ 90,000 | $ 67,677 | $ 110,000 | $ 86,664 | |
Decision-Zone Inc. [Member] | |||||
Loss Contingencies [Line Items] | |||||
Business acquisition, equity interest issued or issuable, number of shares | 400,000,000 | ||||
Equity method investment, ownership percentage | 15% |