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Coyote Resources Inc

Coyote Resources Inc. (Coyote or the Company) is a mineral exploration company focused on the acquisition and exploration of mineral properties in Canada. The Company is listed on the OTC Markets Group Inc.'s OTCQB market tier under the ticker symbol "COYR."

According to the company's most recent financial statements for the quarter ended September 30, 2021, Coyote had no revenue for the quarter or the previous year. The company's primary focus is on exploration activities, so it's not uncommon for mineral exploration companies to have no revenue in the early stages of their operations.

As of September 30, 2021, Coyote had no long-term debt but reported total assets of $4.11 million, compared to total liabilities of $1.15 million. The company's net loss for the quarter ended September 30, 2021, was $218,000, or $0.01 per basic and diluted share, compared to a net loss of $174,000 or $0.01 per basic and diluted share in the same period of 2020.

Coyote has been focusing on its flagship project, the Coyote Cobalt Project in the Yukon Territory, Canada. The company has been conducting exploration activities aimed at defining a mineral resource estimate and evaluating the potential for a viable cobalt deposit.

While Coyote has not reported any earnings or significant revenues to date, it is important to note that mineral exploration companies typically operate at a loss during the exploration stage. The success of a mineral exploration company ultimately depends on whether it can discover a viable mineral deposit that can be developed into a producing mine.

As with any investment, potential investors should carefully review the company's disclosures and financial statements filed with the appropriate regulatory authorities and seek advice from a qualified financial advisor before making any investment decisions.