The Whitecourt Wolverines junior "A" franchise was originally established in 1976 as the Fort Saskatchewan Traders, with 1976–77 being their inaugural season. The Traders won their first AJHL championship in 1978–79,their third year in the league.
After winning the championship, the team then defeated the Richmond Sockeyes of the BCHL in five games at the Doyle Cup, before falling to the Prince Albert Raiders in six games at the Abbott Cup, the eventual national champions at the 1979 Centennial Cup. The Traders proceeded to win their second league championship in 1983–84.
Due in part to low attendance and other issues, the AJHL approved a deal on March 15, 2007, to relocate the Traders to St. Albert for the 2007–08 season, ending the Traders' 31-year run in Fort Saskatchewan. The team was renamed the St. Albert Steel, and became the second team to represent the City of St. Albert, replacing the St. Albert Saints who left for Spruce Grove in 2004.
After five years in St. Albert, it was announced on March 29, 2012, that the team applied to relocate to Whitecourt for the 2012–13 season. On May 2, 2012, the AJHL announced it approved the request to relocate the team to Whitecourt, where the team would remain in the AJHL's North Division and be named the Whitecourt Wolverines.
The twice relocated franchise took its current team name from Whitecourt's predecessor junior "B" Whitecourt Wolverines of the North West Junior Hockey League (NWJHL). After five years in the NWJHL, four league championships, a provincial title, and a bronze medal at the Keystone Cup, this junior "B" predecessor team folded to make way for the relocated junior "A" Wolverines.
In the Wolverines inaugural season, The Wolverines finished with a 31-21-8 record which was good enough for 4th place in a very tight North Division.
The Wolverines would enter the 1st round of the 2012-13 Gas Drive Playoffs against the Fort McMurray Oil Barons. The best of 5 would go the distance with the Wolverines coming out on top in game 5, The Wolverines would send the “MOB” out of the Playoffs for the first time since the 2002-03 season in which the Oil Barons did not qualify.
The Wolverines would then take on the Bonnyville Pontiacs in Round 2 which would have the Wolverines come out in the best of 7 series with a 4 games to 1 victory sending them to the AJHL North Final in their first year.
The Wolverines would run into trouble as they would be defeated by the Saints in the North Final 4 games to 1. Even though defeated the Wolverines capped of an Inaugural season the AJHL will never forget.