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Wedgemount Resources WDGY.CN · CAD

N/A · Canadian Securities Exchange · 🇨🇦 Canada

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Close of 9 Nov 2026, in CAD

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About Wedgemount Resources

Its shares trade on Canadian Securities Exchange under the ticker WDGY.CN. It has been listed since 21 May 2021. In the fiscal year to 31 July 2025, it reported revenue of C$1.5m and a net loss of C$11.7m. At that date it held total assets of C$8.3m and shareholders' equity of −C$8.5m.

Wedgemount Resources Corp. engages in mining of natural resources. The company is headquartered in Garibaldi Highlands, British Columbia. The company went IPO on 2021-05-21. The firm is focused on the acquisition, development and exploitation of natural resource projects in the southern United States. In the Permian Basin, the Company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties. Its Permian Basin assets include Willowbend and Millican. The Company’s Millican asset is located in Runnels County, Texas, approximately five kilometers (km) from Willowbend. The project consists of seven producing wells from the Gardner formation. Its Willowbend asset is located in Runnels County, Texas, approximately 55 km south of the city of Abilene. The property has over 11 producing wells from the Gardner formation and one injection well.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
N/A
Industry
N/A
Listed since
21 May 2021

Leadership

Pay as last reported

  • Mr. Mark VanryPresident, Chief Executive Officer, Director, since 2020C$150,000
  • Mr. Steve VanryChief Financial Officer
  • Ms. Leah HodgesCorporate Secretary
  • Mr. Simon ClarkeDirector
  • Mr. Richard BarthIndependent Director
  • Mr. Cody CampbellIndependent Director
  • Mr. James ClarkIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Wedgemount Resources Corp. focuses on Permian Basin oil and gas assets in Texas.
  • The company owns seven producing wells at Millican in Runnels County, Texas.
  • Willowbend asset features over 11 producing wells in Runnels County, Texas.

Weaknesses

  • The company's operations are limited to Runnels County, Texas, with no other locations mentioned.
  • Wedgemount Resources Corp. has no other assets outside the Permian Basin region.
  • The firm's focus on distressed oil properties may limit growth opportunities.

Opportunities

  • Permian Basin consolidation offers potential for acquiring more distressed oil properties.
  • Runnels County, Texas, provides a stable location for oil and gas operations.
  • Expanding Willowbend's 11 producing wells could increase production capacity.

Threats

  • Dependence on Permian Basin oil and gas assets poses market risk.
  • Distressed oil properties may face operational challenges and lower profitability.
  • Runnels County, Texas, could experience regulatory changes affecting oil operations.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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