10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-20-044461 |
| Period End Date | 20200229 |
| Filing Date | 20200408 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | tmq-20200229.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock, No Par Value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common Stock, No Par Value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
140.43M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
140.66M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$15.22M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.99M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$29.95M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$418.00K | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$264.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$719.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$300.00K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$15.94M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$20.16M | USD | Point-in-time |
| Rent deposit |
DeferredRentReceivablesNetNoncurrent
|
$114.00K | USD | Point-in-time |
| Equity method investment (note 4) |
EquityMethodInvestments
|
$175.82M | USD | Point-in-time |
| Plant and equipment (note 5) |
PropertyPlantAndEquipmentNet
|
$255.00K | USD | Point-in-time |
| Plant and equipment (note 5) |
PropertyPlantAndEquipmentNet
|
$715.00K | USD | Point-in-time |
| Right of use asset (note 8) |
OperatingLeaseRightOfUseAsset
|
$547.00K | USD | Point-in-time |
| Right of use asset (note 8) |
OperatingLeaseRightOfUseAsset
|
$681.00K | USD | Point-in-time |
| Mineral properties and development costs (note 6) |
MineralPropertiesNet
|
$30.63M | USD | Point-in-time |
| Total Assets |
Assets
|
$51.62M | USD | Point-in-time |
| Total Assets |
Assets
|
$192.56M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 7) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.27M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 7) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$2.35M | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$137.00K | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$1.41M | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$2.35M | USD | Point-in-time |
| Long-term portion of lease liability (note 8) |
OperatingLeaseLiabilityNoncurrent
|
$510.00K | USD | Point-in-time |
| Mineral properties purchase option |
PurchaseObligation
|
$31.00M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$33.35M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.92M | USD | Point-in-time |
| Share capital (note 9) - unlimited common shares authorized, no par value Issued -140,659,776 (2019 - 140,427,761) |
CommonStockValue
|
$178.31M | USD | Point-in-time |
| Share capital (note 9) - unlimited common shares authorized, no par value Issued -140,659,776 (2019 - 140,427,761) |
CommonStockValue
|
$177.97M | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$122.00K | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$122.00K | USD | Point-in-time |
| Contributed surplus - options (note 9(a)) |
AdditionalPaidInCapital
|
$22.27M | USD | Point-in-time |
| Contributed surplus - options (note 9(a)) |
AdditionalPaidInCapital
|
$21.12M | USD | Point-in-time |
| Contributed surplus - units (note 9(b)) |
ContributedSurplusUnits
|
$1.47M | USD | Point-in-time |
| Contributed surplus - units (note 9(b)) |
ContributedSurplusUnits
|
$1.76M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-11.53M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-182.71M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$32.20M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$29.80M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$51.62M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$192.56M | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$37.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$42.00K | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$34.00K | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-23.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$492.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$651.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$117.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$126.00K | USD | 1 Quarter |
| Mineral properties expense (note 6(a)) |
MineralPropertyExpense
|
$1.54M | USD | 1 Quarter |
| Mineral properties expense (note 6(a)) |
MineralPropertyExpense
|
$1.53M | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$668.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$91.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$281.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$224.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.94M | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.20M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$4.46M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$4.47M | USD | 1 Quarter |
| Gain on derecognition of assets contributed to joint venture (note 4(a)) |
GasinLossOnDerecognition
|
- | USD | 1 Quarter |
| Gain on derecognition of assets contributed to joint venture (note 4(a)) |
GasinLossOnDerecognition
|
$175.77M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC. (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-178.00K | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC. (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$122.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$62.00K | USD | 1 Quarter |
| Comprehensive earnings (loss) for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Comprehensive earnings (loss) for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Basic earnings (loss) per common share |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Basic earnings (loss) per common share |
EarningsPerShareBasic
|
$1.22 | USD | 1 Quarter |
| Diluted earnings (loss) per common share |
EarningsPerShareDiluted
|
$1.16 | USD | 1 Quarter |
| Diluted earnings (loss) per common share |
EarningsPerShareDiluted
|
$-0.03 | USD | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
131.92M | shares | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
140.62M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
147.65M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
131.92M | shares | 1 Quarter |
Cash Flow Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Earnings (Loss) for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$42.00K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$37.00K | USD | 1 Quarter |
| Right of use asset amortization |
AmortizationOfLeaseIncentives
|
- | USD | 1 Quarter |
| Right of use asset amortization |
AmortizationOfLeaseIncentives
|
$60.00K | USD | 1 Quarter |
| Loss on working capital written-off upon joint venture formation |
LossOnWorkingCapitalWrittenOffUponJointVentureFormation
|
$18.00K | USD | 1 Quarter |
| Loss on working capital written-off upon joint venture formation |
LossOnWorkingCapitalWrittenOffUponJointVentureFormation
|
- | USD | 1 Quarter |
| Gain on derecognition of assets contributed to joint venture (note 4(a)) |
GasinLossOnDerecognition
|
- | USD | 1 Quarter |
| Gain on derecognition of assets contributed to joint venture (note 4(a)) |
GasinLossOnDerecognition
|
$175.77M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC. (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-178.00K | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC. (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Unrealized foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossUnrealized
|
$-5.00K | USD | 1 Quarter |
| Unrealized foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossUnrealized
|
$-25.00K | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.94M | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.20M | USD | 1 Quarter |
| Operating lease payments |
OperatingLeasePayments
|
$54.00K | USD | 1 Quarter |
| Operating lease payments |
OperatingLeasePayments
|
- | USD | 1 Quarter |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$6.00K | USD | 1 Quarter |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$154.00K | USD | 1 Quarter |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$280.00K | USD | 1 Quarter |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-419.00K | USD | 1 Quarter |
| Decrease in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.08M | USD | 1 Quarter |
| Decrease in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-590.00K | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.23M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.94M | USD | 1 Quarter |
| Mineral properties funding (note 4) |
ProceedsFromContributionsFromAffiliatesMineralProperties
|
$10.20M | USD | 1 Quarter |
| Mineral properties funding (note 4) |
ProceedsFromContributionsFromAffiliatesMineralProperties
|
- | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$10.20M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-3.94M | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$6.97M | USD | 1 Quarter |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-16.00K | USD | 1 Quarter |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-5.00K | USD | 1 Quarter |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$15.22M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$22.99M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$29.95M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$15.22M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$22.99M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$29.95M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$32.20M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$29.80M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 1 Quarter |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 1 Quarter |
| Restricted Share Units |
VestingOfRestrictedShareUnits
|
- | USD | 1 Quarter |
| Restricted Share Units |
VestingOfRestrictedShareUnits
|
- | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.20M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.94M | USD | 1 Quarter |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$32.20M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$29.80M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.