10-Q

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 August 31, 2018

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 000-54327

CENTURY COBALT CORP.

(Exact name of registrant as specified in its charter)

Nevada	98-0579157
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
10100 Santa Monica Blvd., Suite 300, Century City, Los Angeles, CA	90067
(Address of principal executive offices)	(Zip Code)

(310) 772-2209

(Registrant’s telephone number, including area code)

FIRST AMERICAN SILVER CORP.

(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 registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  [  ] YES [X]  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	[  ]
Non-accelerated filer	[  ]	Smaller reporting company	[X]
(Do not check if a smaller reporting company)		Emerging growth company	[X]

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) [X] YES [  ] 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.

74,142,211 common shares issued and outstanding as of October 22, 2018

TABLE OF CONTENTS
 

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4.	Controls and Procedures	17
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	17
Item 1A.	Risk Factors	17
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	17
Item 3.	Defaults Upon Senior Securities	18
Item 4.	Mine Safety Disclosures	18
Item 5.	Other Information	18
Item 6.	Exhibits	18
SIGNATURES		20

2

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Our unaudited interim financial statements for the three and nine month periods ended August 31, 2018 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.

3

CENTURY COBALT CORP.

(FORMERLY FIRST AMERICAN SILVER CORP.)

BALANCE SHEETS

AUGUST 31, 2018

	August 31, 2018			November 30, 2017
	(unaudited)
ASSETS
Current Assets
Cash	$	165		$	541
Prepaid expenses		236,528			-
Total Current Assets		236,693			541
Other Assets
Resource property		378,000			-
Reclamation bond		-			591
Total Other Assets		378,000			591
Total Assets	$	614,693		$	1,132
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Accounts payable	$	53,688		$	106,328
Accounts payable – related parties		32,635			7,085
Accrued interest – related parties		60,282			39,017
Due to related parties		97,513			34,817
Notes payable to related parties – current portion		479,566			329,866
Total Current Liabilities		723,684			517,113
Stockholders’ Equity (Deficit)
Preferred stock, par value $0.001, 20,000,000 shares authorized, no shares issued and outstanding		-			-
Common stock, par value $0.001, 3,500,000,000 shares authorized, 65,392,211 shares issued and outstanding (62,892,211  – 2017)		65,392			62,892
Additional paid-in capital		1,429,375			1,206,875
Common stock payable		310,120			15,120
Accumulated deficit		(1,913,878	)		(1,800,868	)
Total Stockholders’ Equity (Deficit)		(108,991	)		(515,981	)
Total Liabilities and Stockholders' Equity (Deficit)	$	614,693		$	1,132

The accompanying notes are an integral part of these financial statements.

4

CENTURY COBALT CORP.

(FORMERLY FIRST AMERICAN SILVER CORP.)

STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED AUGUST 31, 2018 AND 2017

(unaudited)

	Three Months Ended August 31, 2018			Three Months Ended August 31, 2017			Nine Months Ended August 31, 2018			Nine Months Ended August 31, 2017
REVENUES	$	-		$	-		$	-		$	-
OPERATING EXPENSES
Accounting and legal		21,222			3,707			40,133			14,056
Transfer agent and filing fees		5,196			1,410			10,730			7,871
Consulting		48,063			-			79,743			-
Exploration		9,842			-			9,842			-
General and administrative		35,886			413			51,297			505
TOTAL OPERATING EXPENSES		120,209			5,530			191,745			22,432
LOSS FROM OPERATIONS		(120,209	)		(5,530	)		(191,745	)		(22,432	)
OTHER INCOME (EXPENSES)
Interest expense		(7,785	)		(6,500	)		(21,265	)		(18,743	)
Forgiveness of debt		-			-			100,000			-
TOTAL OTHER INCOME (EXPENSE)		(7,785	)		(6,500	)		78,735			(18,743	)
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAX		(127,994	)		(12,030	)		(113,010	)		(41,175	)
PROVISION FOR INCOME TAX		-			-			-			-
NET INCOME (LOSS)	$	(127,994	)	$	(12,030	)	$	(113,010	)	$	(41,175	)
LOSS PER SHARE: BASIC AND DILUTED	$	0.00		$	(0.00	)	$	0.00		$	(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:
BASIC AND DILUTED		63,496,607			62,806,567			63,096,676			62,806,567

The accompanying notes are an integral part of these financial statements.

5

CENTURY COBALT CORP.

(FORMERLY FIRST AMERICAN SILVER CORP.)

STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED AUGUST 31, 2018 AND 2017

(unaudited)

	Nine Months Ended August 31, 2018			Nine Months Ended August 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$	(113,010	)	$	(41,175	)
Adjustment for non-cash working capital item
Forgiveness of debt		(100,000	)		-
Write off of reclamation bond		591			-
Consulting fees issued for stock		18,889			-
Changes in operating assets and liabilities:
Prepaid expenses		(5,417	)		-
Accounts payable		72,910			(3,276	)
Accrued expenses		21,265			18,743
Due to related parties		62,696			-
Net Cash Used in Operating Activities		(42,076	)		(25,708	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable		149,700			26,000
Net Cash Provided by Financing Activities		149,700			26,000
CASH FLOWS USED IN INVESTING ACTIVITIES
Acquisition of resource property		(108,000	)		-
Net Cash Provided by Financing Activities		(108,000	)		-
Net Increase (Decrease) in Cash and Cash Equivalents		(376	)		292
Cash and Cash Equivalents, Beginning of Period		541			592
Cash and Cash Equivalents, End of Period	$	165		$	884
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-

NON CASH TRANSACTIONS
Common stock issued for mineral property	$	270,000	$	-
Common stock issued for consulting fees	$	250,000	$	-

The accompanying notes are an integral part of these financial statements

6

CENTURY COBALT CORP.

(FORMERLY FIRST AMERICAN SILVER CORP.)

NOTES TO FINANCIAL STATEMENTS

AUGUST 31, 2018

(unaudited)

NOTE 1 – NATURE OF OPERATIONS

Century Cobalt Corp. (formerly First American Silver Corp.) was incorporated in the state of Nevada on April 29, 2008.  The Company’s principal office is located at 10100 Santa Monica Boulevard, Suite 300, Century City, California 90067.  The Company’s principal business activity is the identification and exploration of mineral properties for the purposes of discovering economical cobalt assets.

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES

Exploration Stage Company

On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915).   Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP.  In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity;  (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage.  The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued.  The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a November 30 fiscal year end.

Risks and Uncertainties

The Company's operations are subject to significant risk and uncertainties including financial, operational, technological, and regulatory risks including the potential risk of business failure.  See Note 3 regarding going concern matters.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents.  At August 31, 2018 and November 30, 2017, respectively, the Company had $165 and $541 of unrestricted cash to be used for future business operations.

The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At times, the Company's bank deposits may exceed the insured amount.  Management believes it has little risk related to the excess deposits.

7

CENTURY COBALT CORP.

(FORMERLY FIRST AMERICAN SILVER CORP.)

NOTES TO FINANCIAL STATEMENTS

AUGUST 31, 2018

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Fair Value of Financial Instruments

The Company's financial instruments consist of cash, prepaid expenses, accounts payable, accrued expenses, notes payable, and note payable-related party. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.

Stock-Based Compensation

The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718, Compensation – Stock Compensation which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. There has been no stock-based compensation issued to employees.

The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees.  In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined.  The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered.

Income Taxes

Income taxes are computed using the asset and liability method.  Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.  A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is the Company’s policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of August 31, 2018, there have been no interest or penalties incurred on income taxes.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Revenue Recognition

The Company is in the exploration stage and has yet to realize revenues from operations.  Once the Company has commenced operations, it will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.

8

CENTURY COBALT CORP.

(FORMERLY FIRST AMERICAN SILVER CORP.)

NOTES TO FINANCIAL STATEMENTS

AUGUST 31, 2018

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flows.

Mineral Properties

Costs of exploration are expensed as incurred.  Mineral property acquisition costs are capitalized including licenses and lease payments.  Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.

Mineral properties are analyzed for impairment on an annual basis, or more often if warranted by circumstances. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present.

Reclassifications

Certain prior year amounts have been reclassified for comparative purposes to conform to the current-year financial statement presentation. These reclassifications had no effect on previously reported results of operations. In addition, certain prior year amounts from the restated amounts have been reclassified for consistency with the current period presentation.

NOTE 3 – GOING CONCERN

The accompanying financial statements have been prepared assuming that Century Cobalt Corp., Inc. will continue as a going concern.  The Company has a working capital deficit, has not yet received revenue from sales of products or services, and has incurred losses from operations.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.  Without realization of additional debt or capital, it would be unlikely for the Company to continue as a going concern.  The financial statements do not include any adjustments that might result from this uncertainty.

The Company’s activities to date have been supported by debt and equity financing.  It has sustained losses in all previous reporting periods with an inception to date loss of approximately $1,913,000 as of August 31, 2018. Management continues to seek funding from its shareholders and other qualified investors.

The results for the three and nine months ended August 31, 2018 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10K for the year ended November 30, 2017, filed with the Securities and Exchange Commission.

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at August 31, 2018 and for the related periods presented.

9

CENTURY COBALT CORP.

(FORMERLY FIRST AMERICAN SILVER CORP.)

NOTES TO FINANCIAL STATEMENTS

AUGUST 31, 2018

NOTE 4 – PREPAID EXPENSES

Prepaid expenses include amounts paid to a consultant for future services and the OTCBB for prepaid listing fees.

Prepaid expenses are as follows:

Description	August 31, 2018		November 30, 2017
Consulting	$	231,111	$	-
Listing Fees		5,417		-
Total	$	236,528	$	-

NOTE 5 – RESOURCE PROPERTY

On August 7, 2018, we entered into an assignment agreement with Oriental Rainbow Group Ltd., in regards to the acquisition of certain mineral claims in Lemhi County, Idaho known as the “Idaho Cobalt Belt”.

Oriental Rainbow and Plateau Ventures LLC had entered into a purchase agreement dated September 4, 2017, wherein Oriental Rainbow had acquired from Plateau a 100% interest in the property, subject to certain subsequent payments and conditions.  The claims comprising the property (649 claims) initially totaled approximately 12,980 acres, subject to an option under the purchase agreement for the acquisition of additional claims.  Such option had been exercised with additional claims acquired, resulting in a total of 695 claims comprising approximately 13,900 acres.

Oriental Rainbow has assigned its interest in the property to us in consideration for 2,500,000 restricted shares (issued) of common stock (the “Consideration Shares”). The Company has assumed all of Oriental Rainbow’s obligations under the purchase agreement, which material obligations include: the issuance of up to 500,000 restricted shares of common stock to Plateau upon listing on a recognized stock exchange (issued) and paying Plateau $1,000,000 in four equal staged payments upon completion of a positive feasibility study on the property.

NOTE 6 – NOTES PAYABLE TO RELATED PARTIES

Notes payable consisted of the following at August 31, 2018:

Date of Note	Note Amount		Interest Rate			Maturity Date	Collateral	Interest Accrued
May 1, 2016	$	292,866		8	%	May 1, 2017  (Default)	None	$	54,690
October 20, 2016	$	5,000		8	%	October 20, 2017 (Default)	None	$	745
January 9, 2017	$	9,000		8	%	January 9, 2018 (Default)	None	$	1,182
April 24, 2017	$	10,000		8	%	April 24, 2018 (Default)	None	$	1,083
June 19, 2017	$	7,000		8	%	June 19, 2018 (Default)	None	$	672
September 18, 2017	$	6,000		8	%	September 18, 2018 (Default)	None	$	456
January 5, 2018	$	10,000		8	%	January 5, 2019	None	$	522
July 27, 2018	$	31,700		12	%	July 27, 2019	None	$	364
August 15, 2018	$	108,000		12	%	August 15, 2019	None	$	568
Total	$	479,566						$	60,282

10

CENTURY COBALT CORP.

(FORMERLY FIRST AMERICAN SILVER CORP.)

NOTES TO FINANCIAL STATEMENTS

AUGUST 31, 2018

NOTE 6 – NOTES PAYABLE TO RELATED PARTIES (continued)

Notes payable transactions during the nine months ended May 31, 2018 consisted of the following:

Balance, November 30, 2017	$	329,866
Borrowings		149,700
Balance, August 31, 2018	$	479,566

NOTE 7 – FORGIVENESS OF DEBT

During the period ended August 31, 2018, a creditor of the Company waived a stale balance owing by the Company in the amount of $100,000.

NOTE 8 – RELATED PARTY TRANSACTIONS

Notes payable owing to a related party is $479,566 (2017: $329,866).

Accrued interest owing to a related party is $60,282 (2017: $39,017).

Accounts payable owing to stockholder of $32,635 (2017: $7,085).

As at August 31, 2018, the Company owed $97,513 to its former President and Director (2017: $34,817).

During the three and nine months ended August 31, 2018, the Company paid $25,500 in consulting fees to it’s President.

NOTE 9 – CAPITAL STOCK

The Company has 20,000,000 preferred shares authorized at a par value of $0.001 per share.  As of May 31, 2018 no rights have been assigned to the preferred shares and the rights will be established upon issuance.

As at August 31, 2018, the Company has 3,500,000,000 common shares authorized at a par value of $0.001 per share.

During the year-ended November 30, 2017, the Company recorded debt forgiveness gain of $37,257 from an amount that was owed to a former related party of the Company.  As such, the forgiveness of debt has been recorded to Additional Paid in Capital.

On August 7, 2018, the Company issued 2,500,000 common shares as per a property acquisition agreement.

As of August 31, 2018, we had 65,392,211 (November 30, 2017: 62,892,211) common shares outstanding.

NOTE 10 – SUBSEQUENT EVENTS

On September 10, 2018, we issued 500,000 common shares to retire common stock payable.

On September 13, 2018, we issued 250,000 common shares to retire common stock payable.

On September 18, 2018, we issued 5,500,000 common shares to retire common stock payable.

On October 19, 2018, we issued 2,500,000 common shares to retire common stock payable.

Subsequent to the period end, the Company has received an aggregate of $87,500 of loans which are unsecured, non-interest bearing and have no specific terms of repayment.

11

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 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.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States 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” and “our company” mean First American Silver Corp., unless otherwise indicated.

General Overview

We were incorporated in the State of Nevada on April 29, 2008, under the name "Mayetok, Inc.".  As Mayetok, Inc. we were engaged in the development of a website to market vacation properties in the Ukraine.

On June 8, 2010, we initiated a one (1) old for 35 new forward stock split of our issued and outstanding common stock. As a result, our authorized capital increased from 100,000,000 to 3,500,000,000 shares of common stock and the issued and outstanding increased from 2,200,000 shares of common stock to 77,000,000 shares of common stock, all with a par value of $0.001.

Also on June 8, 2010, we changed our name from "Mayetok, Inc." to "First American Silver Corp.", by way of a merger with our wholly owned subsidiary First American Silver Corp., which was formed solely for the change of name. We changed the name of our company to reflect the new direction of our company in the business of acquiring, exploring and developing mineral properties. As of June 2010, we had abandoned our former business plan of seeking to market vacation properties.

Our name change and forward stock split became effective with the Over-the-Counter Bulletin Board at the opening of trading on June 16, 2010, on which date we adopted the new stock symbol "FASV".

On June 18, 2018, we changed our name from "First American Silver Corp." to “Century Cobalt Corp”, by way of a merger with our wholly owned subsidiary Century Cobalt Corp., which was formed solely for the change of name. We changed the name of our company to reflect the new direction of our company in the business of acquiring, exploring and developing mineral properties. Our name change became effective with the Over-the-Counter Bulletin Board at the opening of trading on June 18, 2018, on which date we adopted the new stock symbol "CCOB”

12

Our Current Business

On August 7, 2018, we entered into an assignment agreement with Oriental Rainbow Group Ltd., in regards to the acquisition of certain mineral claims in Lemhi County, Idaho known as the “Idaho Cobalt Belt”.

Oriental Rainbow and Plateau Ventures LLC had entered into a purchase agreement dated September 4, 2017, wherein Oriental Rainbow had acquired from Plateau a 100% interest in the property, subject to certain subsequent payments and conditions.  The claims comprising the property (649 claims) initially totaled approximately 12,980 acres, subject to an option under the purchase agreement for the acquisition of additional claims.  Such option had been exercised with additional claims acquired, resulting in a total of 695 claims comprising approximately 13,900 acres.

Oriental Rainbow has assigned its interest in the property to us in consideration for 2,500,000 restricted shares of common stock (the “Consideration Shares”). We have assumed all of Oriental Rainbow’s obligations under the purchase agreement, which material obligations include: the issuance of up to 500,000 restricted shares of common stock to Plateau upon listing on a recognized stock exchange; and paying Plateau $1,000,000 in four equal staged payments upon completion of a positive feasiblity study on the property.

On September 14, 2018, we entered into a consulting agreement with Alexander Stanbury, whereby Mr. Stanbury agreed to provide consulting services to us regards to his position is our President and Chief Executive Officer. The agreement has a three year term, commencing August 1, 2018.  As compensation for entering into the agreement and providing such consulting services, we have agreed to compensate Mr. Stanbury by issuing 5,000,000 restricted common shares of our capital stock.  In addition, Mr. Stanbury will be receiving a salary of $102,000 per annum and shall be entitled to receive an additional 1,000,000 common shares on each anniversary of the effective date of the agreement.  Prior to August 1, 2018, the Company had a verbal agreement with Mr. Stanbury whereby he would bill the Company $8,500 per month which included June 2018 and July 2018.

Prior thereto on September 11, 2018 we entered into a consulting agreement with Lester Kemp, whereby Mr. Kemp agreed to provide services as our Chief Technical Officer. The agreement has term expiring December 31, 2020, with the term having commenced on August 1, 2018. As compensation for entering into the agreement and providing such consulting services, we have agreed to compensate Mr. Kemp by issuing 250,000 restricted common shares of our capital stock.  In addition, Mr. Kemp shall be entitled to receive an additional 250,000 common shares after six months from the effective date of the agreement.

Results of Operations

Three Months Ended August 31, 2018 Compared to the Three Months Ended August 31, 2017

We had a net loss of $127,994 for the three month period ended August 31, 2018 which was $115,964 more than the net loss of $12,030 for the three month period ended August 31, 2017. The change in our results over the two periods is a result of increases in exploration, consulting, professional and general and administrative expenses.

The following table summarizes key items of comparison and their related increase (decrease) for the three month periods ended August 31, 2018 and August 31, 2017:

	Three Months Ended August 31, 2018		Three Months Ended August 31, 2017		Change Between Three Month Periods Ended August 31, 2018 and August 31, 2017
Accounting and legal	$	21,222	$	3,707	$	17,515
Consulting fees		48,063		-		48,063
Transfer agent and filing fees		5,196		1,410		3,786
Exploration		9,842		-		9,842
General and administrative		35,886		413		35,473
Interest/Other (income) expense		7,785		6,500		1,285
Net loss	$	127,994	$	12,030	$	115,964

13

Nine months Ended August 31, 2018 Compared to the Nine months Ended August 31, 2017

We had a net loss of $113,010 for the nine month period ended August 31, 2018, which was $71,835 more than the net loss of $41,175 for the nine month period ended August 31, 2017. The change in our results over the two periods is a result of increases in exploration, consulting, professional and general and administrative expenses.

The following table summarizes key items of comparison and their related increase (decrease) for the nine month periods ended August 31, 2018 and August 31, 2017:

	Nine months Ended August 31, 2018			Nine months Ended August 31, 2017		Change Between Nine month Periods Ended August 31, 2018 and August 31, 2017
Accounting and legal	$	40,133		$	14,056	$	26,077
Consulting fees		79,743			-		79,743
Transfer agent and filing fees		10,730			7,871		2,859
Exploration		9,843			-		9,843
General and administrative		51,297			505		50,792
Interest/Other (income) expense		(78,735	)		18,743		(94,478	)
Net loss	$	113,010		$	41,175	$	71,835

Revenue

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

Liquidity and Capital Resources

Our balance sheet as of August 31, 2018 reflects current assets of $236,693.  We had cash in the amount of $165 and a working capital deficit in the amount of $486,991 as of August 31, 2018 We have insufficient working capital to enable us to carry out our stated plan of operation for the next twelve months.

Working Capital

	At August 31, 2018			At November 30 2017
Current assets	$	236,693		$	541
Current liabilities		723,684			517,113
Working capital	$	(486,991	)	$	(516,572	)

We anticipate generating losses and, therefore, may be unable to continue operations further in the future.

Cash Flows

	Nine months Ended
	August 31, 2018			August 31, 2017
Net cash (used in) operating activities	$	(42,076	)	$	(25,708	)
Net cash (used in) investing activities		(108,000	)	Nil
Net cash provided by (used in) financing activities		149,700			26,000
Net (decrease) in cash during period	$	(376	)	$	292

14

Operating Activities

Net cash used in operating activities during the nine months ended August 31, 2018 was $42,076, an increase of $16,368 from the $25,708 net cash outflow during the nine months ended August 31, 2017.

Investing Activities

Cash used in investing activities during the nine months ended August 31, 2018 was $108,000, which was a $108,000 increase from the $Nil cash used in investing activities during the nine months ended August 31, 2017.   The  increase was a result of expenditures related to the acquisition of a resource property.

Financing Activities

Cash used in financing activities during the nine months ended August 31, 2018 was $149,700 as compared to $26,000 in cash provided by financing activities during the nine months ended August 31, 2017.

We estimate that our operating expenses and working capital requirements for the next 12 months to be as follows:

Estimated Net Expenditures During The Next Twelve Months

Payments due under property purchase agreement	$	108,000
General and administrative expenses		180,000
Professional fees		60,000
Total	$	348,000

To date we have relied on proceeds from the sale of our shares in order to sustain our basic, minimum operating expenses; however, we cannot guarantee that we will secure any further sales of our shares.  We estimate that the cost of maintaining basic corporate operations (which includes the cost of satisfying our public reporting obligations) will be approximately $2,000 per month.   Due to our current cash position of approximately $165 as of August 31, 2018, we estimate that we have insufficient cash to sustain our basic operations for the next twelve months.

We are not aware of any known trends, demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in our liquidity increasing or decreasing in any material way.

Future Financings

We anticipate continuing to rely on equity sales of our common stock in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities.

We presently do not have any arrangements for additional financing for the expansion of our exploration operations, and no potential lines of credit or sources of financing are currently available for the purpose of proceeding with our plan of operations.

Off-Balance Sheet Arrangements

We have no 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, and capital expenditures or capital resources that are material to stockholders.

Critical Accounting Policies

Accounting Basis

Our company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America ("GAAP" accounting). Our company has adopted a December 31 fiscal year end.

15

Cash and Cash Equivalents

Our company considers all highly liquid investments with maturities of three months or less to be cash equivalents.  At August 31, 2018 and November 30, 2017, respectively, we had $165 and $541 of unrestricted cash to be used for future business operations.

Our company's bank accounts are deposited in insured institutions.  The funds are insured up to $250,000.   At times, our company's bank deposits may exceed the insured amount.  Management believes that it has little risk related to the excess deposits.

Concentrations of Credit Risk

Our company maintains our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. Our company continually monitors our banking relationships and consequently has not experienced any losses in such accounts. Our company believes we are not exposed to any significant credit risk on cash and cash equivalents.

Stock-based Compensation

Our company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718, COMPENSATION - STOCK COMPENSATION which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. There has been no stock-based compensation issued to employees.

Our company follows ASC Topic 505-50, formerly EITF 96-18, "ACCOUNTING FOR EQUITY INSTRUMENTS THAT ARE ISSUED TO OTHER THAN EMPLOYEES FOR ACQUIRING, OR IN CONJUNCTION WITH SELLING GOODS AND SERVICES," for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to our company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.

A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is our company's policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of August 31, 2018, there have been no interest or penalties incurred on income taxes.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

Our company is in the exploration stage and has yet to realize revenues from operations. Once our company has commenced operations, we will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by our customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.

16

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing our company's net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing our company's net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

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 (our principal executive officer, principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure.

As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (our principal executive officer, principal financial officer and principle accounting officer) concluded that our disclosure controls and procedures were effective as of the end of the period covered by this quarterly report.

Changes in Internal Control Over Financial Reporting

During the period covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On September 14, 2018, we entered into a consulting agreement with Alexander Stanbury, whereby Mr. Stanbury agreed to provide consulting services to us regards to his position is our President and Chief Executive Officer. The agreement has a three year term, commencing August 1, 2018.  As compensation for entering into the agreement and providing such consulting services, we have agreed to compensate Mr. Stanbury by issuing 5,000,000 restricted common shares of our capital stock.  In addition, Mr. Stanbury will be receiving a salary of $102,000 per annum and shall be entitled to receive an additional 1,000,000 common shares on each anniversary of the effective date of the agreement.  Prior to August 1, 2018, the Company had a verbal agreement with Mr. Stanbury whereby he would bill the Company $8,500 per month which included June 2018 and July 2018.

17

Prior thereto on September 11, 2018 we entered into a consulting agreement with Lester Kemp, whereby Mr. Kemp agreed to provide services as our Chief Technical Officer. The agreement has term expiring December 31, 2020, with the term having commenced on August 1, 2018. As compensation for entering into the agreement and providing such consulting services, we have agreed to compensate Mr. Kemp by issuing 250,000 restricted common shares of our capital stock.  In addition, Mr. Kemp shall be entitled to receive an additional 250,000 common shares after six months from the effective date of the agreement.

Pursuant to the above consulting agreements, we have issued an aggregate of 5,250,000 shares of our common stock to two non-US persons (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S of the Securities Act of 1933, as amended.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit Number			Description
	(3	)	(i) Articles of Incorporation; (ii) By-laws
	3.1		Articles of Incorporation (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009).
	3.2		By-laws (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009)
	3.3		Certificate of Amendment (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009).
	3.4		Articles of Merger (Incorporated by reference to our Current Report filed on Form 8-K on July 15, 2010).
	3.5		Certificate of Change (Incorporated by reference to our Current Report filed on Form 8-K on July 15, 2010).
	3.6		Articles of Merger (Incorporated by reference to our Current Report filed on Form 8-K on June 25, 2018).
	(10	)	Material Contracts
	10.6		2011 Stock Option Plan (incorporated by reference to our Current Report filed on Form 8-K on November 14, 2011).
	10.8		Foxglove Promissory Note dated June 28, 2015 (incorporated by reference to our Quarterly Report filed on Form 10-Q on October 14, 2015).
	10.9		$7,000 Convertible Promissory Note dated October 15, 2015 issued to Consorcio Empresarial Vesubio SA  (incorporated by reference to our Quarterly Report filed on Form 10-Q on October 14, 2015).

18

	Exhibit Number		Description
	10.10		Consulting Agreement with Alexander Stanbury dated September 14, 2018
	10.11		Consulting Agreement with Lester Kemp dated September 11, 2018
	(31	)	Rule 13a-14(a) / 15d-14(a) Certifications
	31.1	*	Certification pursuant to Section 302 of the  Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer.
	(32	)	Section 1350 Certifications
	32.1	*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer.
	101	*	Interactive Data File
101.INS101.SCH101.CAL101.DEF101.LAB 101.PRE			XBRL Instance Document XBRL Taxonomy Extension Schema Document XBRL Taxonomy Extension Calculation Linkbase Document XBRL Taxonomy Extension Definition Linkbase Document XBRL Taxonomy Extension Label Linkbase Document XBRL Taxonomy Extension Presentation Linkbase Document

* Filed herewith

19

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.

	CENTURY COBALT CORP.
	(Registrant)
Dated:  October 22, 2018	/s/ Alexander Stanbury
	Alexander Stanbury
	President, Chief Executive Officer, Treasurer, Secretary and Director
	(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

20

EX-10.10

Exhibit 10.10

EX-10.11

Exhibit 10.11

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Alexander Stanbury, certify that:

1. I have reviewed this report on Form 10-Q

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:

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;

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;

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

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 registrant’s board of directors (or persons performing the equivalent functions):

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

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.

Dated:  October 22, 2018	/s/ Alexander Stanbury
	Alexander Stanbury
	President, Chief Executive Officer, Treasurer, Secretary and Director
	(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION

Pursuant to 18 U.S.C. 1350

(Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Quarterly Report on Form 10-Q of First American Silver Corp. (the “Company”) for the period ended August 31, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Alexander Stanbury, as Chief Executive Officer of the Company, hereby certifies, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1) 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 the Company.

 

Dated:  October 22, 2018	/s/ Alexander Stanbury
	Alexander Stanbury
	President, Chief Executive Officer, Treasurer, Secretary and Director
	(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

This certification accompanies each Report pursuant to § 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of §18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information - shares	9 Months Ended
	Aug. 31, 2018	Oct. 22, 2018
Document And Entity Information
Entity Registrant Name	CENTURY COBALT CORP.
Entity Central Index Key	0001456802
Document Type	10-Q
Document Period End Date	Aug. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--11-30
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		74,142,211
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2018
Entity Emerging Growth Company	true
Entity Small Business	true
Entity Ex Transition Period	false

XML

BALANCE SHEETS - USD ($)	Aug. 31, 2018	Nov. 30, 2017
Current Assets
Cash	$ 165	$ 541
Prepaid expenses	236,528
Total Current Assets	236,693	541
Other Assets
Resource property	378,000
Reclamation bond		591
Total Other Assets	378,000	591
Total Assets	614,693	1,132
Current Liabilities
Accounts payable	53,688	106,328
Accounts payable - related parties	32,635	7,085
Accrued interest - related parties	60,282	39,017
Due to related parties	97,513	34,817
Notes payable to related parties - current portion	479,566	329,866
Total Current Liabilities	723,684	517,113
Stockholders' Equity (Deficit)
Preferred stock, par value $0.001, 20,000,000 shares authorized, no shares issued and outstanding
Common stock, par value $0.001, 3,500,000,000 shares authorized, 65,392,211 shares issued and outstanding (62,892,211- 2017)	65,392	62,892
Additional paid-in capital	1,429,375	1,206,875
Common stock payable	310,120	15,120
Accumulated deficit	(1,913,878)	(1,800,868)
Total Stockholders' Equity (Deficit)	(108,991)	(515,981)
Total Liabilities and Stockholders' Equity (Deficit)	$ 614,693	$ 1,132

XML

BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 31, 2018	Nov. 30, 2017
Stockholders' Equity (Deficit)
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	3,500,000,000	3,500,000,000
Common stock, shares issued	65,392,211	62,892,211
Common stock, shares outstanding	65,392,211	62,892,211

XML

STATEMENTS OF OPERATIONS (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2018	Aug. 31, 2017
Statements Of Operations
REVENUES
OPERATING EXPENSES
Accounting and legal	21,222	3,707	40,133	14,056
Transfer agent and filing fees	5,196	1,410	10,730	7,871
Consulting	48,063		79,743
Exploration	9,842		9,842
General and administrative	35,886	413	51,297	505
TOTAL OPERATING EXPENSES	120,209	5,530	191,745	22,432
LOSS FROM OPERATIONS	(120,209)	(5,530)	(191,745)	(22,432)
OTHER INCOME (EXPENSES)
Interest expense	(7,785)	(6,500)	(21,265)	(18,743)
Forgiveness of debt			100,000
TOTAL OTHER INCOME (EXPENSE)	(7,785)	(6,500)	78,735	(18,743)
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAX	(127,994)	(12,030)	(113,010)	(41,175)
PROVISION FOR INCOME TAX
NET INCOME (LOSS)	$ (127,994)	$ (12,030)	$ (113,010)	$ (41,175)
LOSS PER SHARE: BASIC AND DILUTED	$ 0.00	$ (0.00)	$ 0.00	$ (0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	63,496,607	62,806,567	63,096,676	62,806,567

XML

STATEMENTS OF CASH FLOWS (unaudited) - USD ($)	9 Months Ended
	Aug. 31, 2018	Aug. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (113,010)	$ (41,175)
Adjustment for non-cash working capital item
Forgiveness of debt	(100,000)
Write off of reclamation bond	591
Consulting fees issued for stock	18,889
Changes in operating assets and liabilities:
Prepaid expenses	(5,417)
Accounts payable	72,910	(3,276)
Accrued expenses	21,265	18,743
Due to related parties	62,696
Net Cash Used in Operating Activities	(42,076)	(25,708)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable	149,700	26,000
Net Cash Provided by Financing Activities	149,700	26,000
CASH FLOWS USED IN INVESTING ACTIVITIES
Acquisition of resource property	(108,000)
Net Cash Provided by Financing Activities	(108,000)
Net Increase (Decrease) in Cash and Cash Equivalents	(376)	292
Cash and Cash Equivalents, Beginning of Period	541	592
Cash and Cash Equivalents, End of Period	165	884
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes
Cash paid for interest
NON CASH TRANSACTIONS
Common stock issued for mineral property	270,000
Common stock issued for consulting fees	$ 250,000

XML

NATURE OF OPERATIONS

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 1 - NATURE OF OPERATIONS

Century Cobalt Corp. (formerly First American Silver Corp.) was incorporated in the state of Nevada on April 29, 2008. The Company’s principal office is located at 10100 Santa Monica Boulevard, Suite 300, Century City, California 90067. The Company’s principal business activity is the identification and exploration of mineral properties for the purposes of discovering economical cobalt assets.

XML

SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Exploration Stage Company

On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued. The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a November 30 fiscal year end.

Risks and Uncertainties

The Company's operations are subject to significant risk and uncertainties including financial, operational, technological, and regulatory risks including the potential risk of business failure. See Note 3 regarding going concern matters.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At August 31, 2018 and November 30, 2017, respectively, the Company had $165 and $541 of unrestricted cash to be used for future business operations.

The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At times, the Company's bank deposits may exceed the insured amount. Management believes it has little risk related to the excess deposits.

Fair Value of Financial Instruments

The Company's financial instruments consist of cash, prepaid expenses, accounts payable, accrued expenses, notes payable, and note payable-related party. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.

Stock-Based Compensation

The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718, Compensation – Stock Compensation which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. There has been no stock-based compensation issued to employees.

The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is the Company’s policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of August 31, 2018, there have been no interest or penalties incurred on income taxes.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

The Company is in the exploration stage and has yet to realize revenues from operations. Once the Company has commenced operations, it will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flows.

Mineral Properties

Costs of exploration are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.

Mineral properties are analyzed for impairment on an annual basis, or more often if warranted by circumstances. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present.

Reclassifications

Certain prior year amounts have been reclassified for comparative purposes to conform to the current-year financial statement presentation. These reclassifications had no effect on previously reported results of operations. In addition, certain prior year amounts from the restated amounts have been reclassified for consistency with the current period presentation.

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GOING CONCERN

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 3 - GOING CONCERN

The accompanying financial statements have been prepared assuming that Century Cobalt Corp., Inc. will continue as a going concern. The Company has a working capital deficit, has not yet received revenue from sales of products or services, and has incurred losses from operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Without realization of additional debt or capital, it would be unlikely for the Company to continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.

The Company’s activities to date have been supported by debt and equity financing. It has sustained losses in all previous reporting periods with an inception to date loss of approximately $1,913,000 as of August 31, 2018. Management continues to seek funding from its shareholders and other qualified investors.

The results for the three and nine months ended August 31, 2018 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10K for the year ended November 30, 2017, filed with the Securities and Exchange Commission.

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at August 31, 2018 and for the related periods presented.

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PREPAID EXPENSES

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 4 - PREPAID EXPENSES

Prepaid expenses include amounts paid to a consultant for future services and the OTCBB for prepaid listing fees.

Prepaid expenses are as follows:

Description	August 31, 2018		November 30, 2017
Consulting	$	231,111	$	-
Listing Fees		5,417		-
Total	$	236,528	$	-

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RESOURCE PROPERTY

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 5 – RESOURCE PROPERTY

On August 7, 2018, we entered into an assignment agreement with Oriental Rainbow Group Ltd., in regards to the acquisition of certain mineral claims in Lemhi County, Idaho known as the “Idaho Cobalt Belt”.

Oriental Rainbow and Plateau Ventures LLC had entered into a purchase agreement dated September 4, 2017, wherein Oriental Rainbow had acquired from Plateau a 100% interest in the property, subject to certain subsequent payments and conditions. The claims comprising the property (649 claims) initially totaled approximately 12,980 acres, subject to an option under the purchase agreement for the acquisition of additional claims. Such option had been exercised with additional claims acquired, resulting in a total of 695 claims comprising approximately 13,900 acres.

Oriental Rainbow has assigned its interest in the property to us in consideration for 2,500,000 restricted shares (issued) of common stock (the “Consideration Shares”). The Company has assumed all of Oriental Rainbow’s obligations under the purchase agreement, which material obligations include: the issuance of up to 500,000 restricted shares of common stock to Plateau upon listing on a recognized stock exchange (issued) and paying Plateau $1,000,000 in four equal staged payments upon completion of a positive feasibility study on the property.

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NOTES PAYABLE TO RELATED PARTIES

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 6 - NOTES PAYABLE TO RELATED PARTIES

Notes payable consisted of the following at August 31, 2018:

Date of Note	Note Amount		Interest Rate			Maturity Date	Collateral	Interest Accrued
May 1, 2016	$	292,866		8	%	May 1, 2017 (Default)	None	$	54,690
October 20, 2016	$	5,000		8	%	October 20, 2017 (Default)	None	$	745
January 9, 2017	$	9,000		8	%	January 9, 2018 (Default)	None	$	1,182
April 24, 2017	$	10,000		8	%	April 24, 2018 (Default)	None	$	1,083
June 19, 2017	$	7,000		8	%	June 19, 2018 (Default)	None	$	672
September 18, 2017	$	6,000		8	%	September 18, 2018 (Default)	None	$	456
January 5, 2018	$	10,000		8	%	January 5, 2019	None	$	522
July 27, 2018	$	31,700		12	%	July 27, 2019	None	$	364
August 15, 2018	$	108,000		12	%	August 15, 2019	None	$	568
Total	$	479,566						$	60,282

Notes payable transactions during the nine months ended May 31, 2018 consisted of the following:

Balance, November 30, 2017	$	329,866
Borrowings		149,700
Balance, August 31, 2018	$	479,566

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FORGIVENESS OF DEBT

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 7 - FORGIVENESS OF DEBT

During the period ended August 31, 2018, a creditor of the Company waived a stale balance owing by the Company in the amount of $100,000.

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RELATED PARTY TRANSACTIONS

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 8 - RELATED PARTY TRANSACTIONS

Notes payable owing to a related party is $479,566 (2017: $329,866).

Accrued interest owing to a related party is $60,282 (2017: $39,017).

Accounts payable owing to stockholder of $32,635 (2017: $7,085).

As at August 31, 2018, the Company owed $97,513 to its former President and Director (2017: $34,817).

During the three and nine months ended August 31, 2018, the Company paid $25,500 in consulting fees to it’s President.

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CAPITAL STOCK

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 9 - CAPITAL STOCK

The Company has 20,000,000 preferred shares authorized at a par value of $0.001 per share. As of May 31, 2018 no rights have been assigned to the preferred shares and the rights will be established upon issuance.

As at August 31, 2018, the Company has 3,500,000,000 common shares authorized at a par value of $0.001 per share.

During the year-ended November 30, 2017, the Company recorded debt forgiveness gain of $37,257 from an amount that was owed to a former related party of the Company. As such, the forgiveness of debt has been recorded to Additional Paid in Capital.

On August 7, 2018, the Company issued 2,500,000 common shares as per a property acquisition agreement.

As of August 31, 2018, we had 65,392,211 (November 30, 2017: 62,892,211) common shares outstanding.

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SUBSEQUENT EVENTS

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

NOTE 10 - SUBSEQUENT EVENTS

On September 10, 2018, we issued 500,000 common shares to retire common stock payable.

On September 13, 2018, we issued 250,000 common shares to retire common stock payable.

On September 18, 2018, we issued 5,500,000 common shares to retire common stock payable.

On October 19, 2018, we issued 2,500,000 common shares to retire common stock payable.

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SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Aug. 31, 2018

Significant Accounting Policies

Exploration Stage Company

On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued. The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a November 30 fiscal year end.

Risks and Uncertainties

The Company's operations are subject to significant risk and uncertainties including financial, operational, technological, and regulatory risks including the potential risk of business failure. See Note 3 regarding going concern matters.

Cash And Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At August 31, 2018 and November 30, 2017, respectively, the Company had $165 and $541 of unrestricted cash to be used for future business operations.

The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At times, the Company's bank deposits may exceed the insured amount. Management believes it has little risk related to the excess deposits.

Fair Value of Financial Instruments

The Company's financial instruments consist of cash, prepaid expenses, accounts payable, accrued expenses, notes payable, and note payable-related party. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.

Stock-Based Compensation

The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718, Compensation – Stock Compensation which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. There has been no stock-based compensation issued to employees.

The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is the Company’s policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of August 31, 2018, there have been no interest or penalties incurred on income taxes.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

The Company is in the exploration stage and has yet to realize revenues from operations. Once the Company has commenced operations, it will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flows.

Mineral Properties

Costs of exploration are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.

Mineral properties are analyzed for impairment on an annual basis, or more often if warranted by circumstances. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present.

Reclassifications

Certain prior year amounts have been reclassified for comparative purposes to conform to the current-year financial statement presentation. These reclassifications had no effect on previously reported results of operations. In addition, certain prior year amounts from the restated amounts have been reclassified for consistency with the current period presentation.

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PREPAID EXPENSES (Tables)

9 Months Ended

Aug. 31, 2018

Prepaid Expenses

Prepaid expenses

Description	August 31, 2018		November 30, 2017
Consulting	$	231,111	$	-
Listing Fees		5,417		-
Total	$	236,528	$	-

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NOTES PAYABLE TO RELATED PARTIES (Tables)

9 Months Ended

Aug. 31, 2018

Notes Payable To Related Parties

Schedule of notes payable

Date of Note	Note Amount		Interest Rate			Maturity Date	Collateral	Interest Accrued
May 1, 2016	$	292,866		8	%	May 1, 2017 (Default)	None	$	54,690
October 20, 2016	$	5,000		8	%	October 20, 2017 (Default)	None	$	745
January 9, 2017	$	9,000		8	%	January 9, 2018 (Default)	None	$	1,182
April 24, 2017	$	10,000		8	%	April 24, 2018 (Default)	None	$	1,083
June 19, 2017	$	7,000		8	%	June 19, 2018 (Default)	None	$	672
September 18, 2017	$	6,000		8	%	September 18, 2018 (Default)	None	$	456
January 5, 2018	$	10,000		8	%	January 5, 2019	None	$	522
July 27, 2018	$	31,700		12	%	July 27, 2019	None	$	364
August 15, 2018	$	108,000		12	%	August 15, 2019	None	$	568
Total	$	479,566						$	60,282

Schedule of notes payable transactions

Balance, November 30, 2017	$	329,866
Borrowings		149,700
Balance, August 31, 2018	$	479,566

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NATURE OF OPERATIONS (Details Narrative)	9 Months Ended
	Aug. 31, 2018
Nature Of Operations
State of Incorporation	Nevada
Date of Incorporation	Apr. 29, 2008

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SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	Aug. 31, 2018	Nov. 30, 2017	Aug. 31, 2017	Nov. 30, 2016
Disclosure Significant Accounting Policies Details Narrative Abstract
Unrestricted cash	$ 165	$ 541	$ 884	$ 592
FDIC insured amount	$ 250,000

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GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		124 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2018
Going Concern
LOSS FROM OPERATIONS	$ (120,209)	$ (5,530)	$ (191,745)	$ (22,432)	$ (1,913,000)

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PREPAID EXPENSES (Details) - USD ($)	Aug. 31, 2018	Nov. 30, 2017
Disclosure Prepaid Expenses Details Abstract
Consulting	$ 231,111
Listing Fees	5,417
Total	$ 236,528

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RESOURCE PROPERTY (Details Narrative) - USD ($)	Aug. 07, 2018	Sep. 04, 2017
Consideration Shares	2,500,000
Oriental Rainbow [Member] | Restricted Stock [Member]
Consideration Shares	2,500,000
Plateau [Member] | Restricted Stock [Member]
Common stock issuable	500,000
Contigency payables	$ 1,000,000
Oriental Rainbow and Plateau Ventures LLC [Member]
Purchase agreement description		<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Oriental Rainbow had acquired from Plateau a 100% interest in the property, subject to certain subsequent payments and conditions. The claims comprising the property (649 claims) initially totaled approximately 12,980 acres, subject to an option under the purchase agreement for the acquisition of additional claims. Such option had been exercised with additional claims acquired, resulting in a total of 695 claims comprising approximately 13,900 acres.</font></p>

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NOTES PAYABLE TO RELATED PARTIES (Details)	9 Months Ended
	Aug. 31, 2018 USD ($)
Note Amount	$ 479,566
Interest accured	60,282
May 1, 2016 [Member]
Note Amount	$ 292,866
Interest Rate	8.00%
Maturity Date	May 01, 2017
Collateral	None
Interest accured	$ 54,690
October 20, 2016 [Member]
Note Amount	$ 5,000
Interest Rate	8.00%
Maturity Date	Oct. 20, 2017
Collateral	None
Interest accured	$ 745
January 9, 2017 [Member]
Note Amount	$ 9,000
Interest Rate	8.00%
Maturity Date	Jan. 09, 2018
Collateral	None
Interest accured	$ 1,182
April 24, 2017 [Member]
Note Amount	$ 10,000
Interest Rate	8.00%
Maturity Date	Apr. 24, 2018
Collateral	None
Interest accured	$ 1,083
June 19, 2017 [Member]
Note Amount	$ 7,000
Interest Rate	8.00%
Maturity Date	Jun. 19, 2018
Collateral	None
Interest accured	$ 672
September 18, 2017 [Member]
Note Amount	$ 6,000
Interest Rate	8.00%
Maturity Date	Sep. 18, 2018
Collateral	None
Interest accured	$ 456
January 5, 2018 [Member]
Note Amount	$ 10,000
Interest Rate	8.00%
Maturity Date	Jan. 05, 2019
Collateral	None
Interest accured	$ 522
July 27, 2018 [Member]
Note Amount	$ 31,700
Interest Rate	12.00%
Maturity Date	Jul. 27, 2019
Collateral	None
Interest accured	$ 364
August 15, 2018 [Member]
Note Amount	$ 108,000
Interest Rate	12.00%
Maturity Date	Aug. 15, 2019
Collateral	None
Interest accured	$ 568

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NOTES PAYABLE TO RELATED PARTIES (Details 1)	9 Months Ended
	Aug. 31, 2018 USD ($)
Disclosure Notes Payable To Related Parties Details 1Abstract
Balance, November 30, 2017	$ 329,866
Borrowings	149,700
Balance, May 31, 2018	$ 479,566

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FORGIVENESS OF DEBT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2018	Aug. 31, 2017
Forgiveness Of Debt
Forgiveness of debt			$ (100,000)

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2018	Aug. 31, 2017	Nov. 30, 2017
Notes payable to related party	$ 479,566		$ 479,566		$ 329,866
Accrued interest to related party	60,282		60,282		39,017
Accounts payable to stockholder	32,635		32,635		7,085
Due to related parties	97,513		97,513		$ 34,817
Consulting fees	48,063		79,743
President [Member]
Consulting fees	$ 25,500		$ 25,500

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CAPITAL STOCK (Details Narrative) - USD ($)		9 Months Ended
	Aug. 07, 2018	Aug. 31, 2018	Nov. 30, 2017
Capital Stock
Preferred stock, par value		$ 0.001	$ 0.001
Preferred stock, shares authorized		20,000,000	20,000,000
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares authorized		3,500,000,000	3,500,000,000
Common stock, shares outstanding		65,392,211	62,892,211
Debt forgiveness gain		$ 37,257
Consideration Shares	2,500,000

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SUBSEQUENT EVENTS (Details Narrative) - shares	Oct. 19, 2018	Sep. 18, 2018	Sep. 13, 2018	Sep. 10, 2018	Aug. 31, 2018	Nov. 30, 2017
Common stock, shares issued					65,392,211	62,892,211
Subsequent Event [Member] | Retire Common Stock Payable [Member]
Common stock, shares issued	2,500,000	5,500,000	250,000	500,000