10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-20-081919 |
| Period End Date | 20200531 |
| Filing Date | 20200708 |
| Fiscal Year | 2020 |
| Fiscal Period | Q2 |
| XBRL Instance | tmq-20200531.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 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
|
140.92M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
140.43M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.99M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$25.81M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.34M | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$264.00K | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$699.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$719.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$473.00K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$13.52M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$20.16M | USD | Point-in-time |
| Equity method investment (note 4) |
EquityMethodInvestments
|
$175.26M | USD | Point-in-time |
| Plant and equipment (note 5) |
PropertyPlantAndEquipmentNet
|
$715.00K | USD | Point-in-time |
| Plant and equipment (note 5) |
PropertyPlantAndEquipmentNet
|
$239.00K | USD | Point-in-time |
| Mineral properties and development costs (note 6) |
MineralPropertiesNet
|
$30.63M | USD | Point-in-time |
| Rent deposit (note 8 (a)) |
DeferredRentReceivablesNetNoncurrent
|
$114.00K | USD | Point-in-time |
| Right of use asset (note 8 (a)) |
OperatingLeaseRightOfUseAsset
|
$529.00K | USD | Point-in-time |
| Right of use asset (note 8 (a)) |
OperatingLeaseRightOfUseAsset
|
$681.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$51.62M | USD | Point-in-time |
| Total Assets |
Assets
|
$189.54M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 7) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$539.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 7) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$2.35M | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$139.00K | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$678.00K | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$2.35M | USD | Point-in-time |
| Long-term portion of lease liability (note 8 (b)) |
OperatingLeaseLiabilityNoncurrent
|
$460.00K | 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
|
$1.14M | USD | Point-in-time |
| Share capital (note 9) - unlimited common shares authorized, no par value Issued - 140,922,886 (2019 - 140,427,761) |
CommonStockValue
|
$178.65M | USD | Point-in-time |
| Share capital (note 9) - unlimited common shares authorized, no par value Issued - 140,922,886 (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
|
$22.66M | USD | Point-in-time |
| Contributed surplus - options (note 9(a)) |
AdditionalPaidInCapital
|
$21.12M | USD | Point-in-time |
| Contributed surplus - units (note 9(b)) |
ContributedSurplusUnits
|
$1.51M | USD | Point-in-time |
| Contributed surplus - units (note 9(b)) |
ContributedSurplusUnits
|
$1.76M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-14.54M | 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
|
$25.96M | 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 Stockholders' Equity |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$189.54M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$51.62M | USD | Point-in-time |
Income Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$58.00K | USD | 2 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$75.00K | USD | 2 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$38.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$16.00K | USD | 1 Quarter |
| Feasibility study |
ResearchAndDevelopmentExpense
|
$742.00K | USD | 2 Qtrs |
| Feasibility study |
ResearchAndDevelopmentExpense
|
$742.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-5.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$29.00K | USD | 2 Qtrs |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$16.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-7.00K | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$436.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$928.00K | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$433.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.08M | USD | 2 Qtrs |
| Investor relations |
BusinessDevelopment
|
$101.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$292.00K | USD | 2 Qtrs |
| Investor relations |
BusinessDevelopment
|
$175.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$227.00K | USD | 2 Qtrs |
| Mineral properties expense (note 6(a)) |
MineralPropertyExpense
|
$2.91M | USD | 1 Quarter |
| Mineral properties expense (note 6(a)) |
MineralPropertyExpense
|
$4.44M | USD | 2 Qtrs |
| Mineral properties expense (note 6(a)) |
MineralPropertyExpense
|
$1.54M | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$244.00K | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$198.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$866.00K | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$153.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$450.00K | USD | 2 Qtrs |
| Salaries |
SalariesAndWages
|
$563.00K | USD | 2 Qtrs |
| Salaries |
SalariesAndWages
|
$282.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$226.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$664.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.60M | USD | 2 Qtrs |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.97M | USD | 2 Qtrs |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$770.00K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$4.66M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$9.12M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$6.95M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$2.47M | USD | 1 Quarter |
| Gain on derecognition of assets (note 4(a)) |
GainLossOnDerecognition
|
$175.77M | USD | 2 Qtrs |
| Loss on equity investment in Ambler Metals LLC. (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-739.00K | USD | 2 Qtrs |
| Loss on equity investment in Ambler Metals LLC. (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-561.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$91.00K | USD | 2 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$29.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$272.00K | USD | 2 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$150.00K | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-4.51M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$168.18M | USD | 2 Qtrs |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-3.00M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-8.85M | USD | 2 Qtrs |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$1.20 | USD | 2 Qtrs |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.04 | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.07 | USD | 2 Qtrs |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.07 | USD | 2 Qtrs |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.04 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$1.13 | USD | 2 Qtrs |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
132.10M | shares | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
140.70M | shares | 2 Qtrs |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
132.01M | shares | 2 Qtrs |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
140.79M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
132.10M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
132.01M | shares | 2 Qtrs |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
140.79M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
148.71M | shares | 2 Qtrs |
Cash Flow Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Earnings (loss) for the period |
NetIncomeLoss
|
$-4.51M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$168.18M | USD | 2 Qtrs |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-3.00M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-8.85M | USD | 2 Qtrs |
| Earnings (loss) for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$58.00K | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$75.00K | USD | 2 Qtrs |
| Right of use asset amortization |
AmortizationOfLeaseIncentives
|
$86.00K | USD | 2 Qtrs |
| Loss on working capital written-off upon joint venture formation |
LossOnWorkingCapitalWrittenOffUponJointVentureFormation
|
$18.00K | USD | 2 Qtrs |
| Gain on derecognition of assets (note 4(a)) |
GainLossOnDerecognition
|
$175.77M | USD | 2 Qtrs |
| Loss on equity investment in Ambler Metals LLC. (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-739.00K | USD | 2 Qtrs |
| Loss on equity investment in Ambler Metals LLC. (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-561.00K | USD | 1 Quarter |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-8.00K | USD | 2 Qtrs |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-11.00K | USD | 2 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$664.00K | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.60M | USD | 2 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.97M | USD | 2 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$770.00K | USD | 1 Quarter |
| Operating lease payments |
OperatingLeasePayments
|
$97.00K | USD | 2 Qtrs |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$148.00K | USD | 2 Qtrs |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$435.00K | USD | 2 Qtrs |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$894.00K | USD | 2 Qtrs |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-246.00K | USD | 2 Qtrs |
| Decrease in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.81M | USD | 2 Qtrs |
| Decrease in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-176.00K | USD | 2 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-7.38M | USD | 2 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-6.82M | USD | 2 Qtrs |
| Mineral properties funding |
ProceedsFromContributionsFromAffiliatesMineralProperties
|
$10.20M | USD | 2 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$10.20M | USD | 2 Qtrs |
| (Decrease) increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-6.82M | USD | 2 Qtrs |
| (Decrease) increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$2.82M | USD | 2 Qtrs |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-15.00K | USD | 2 Qtrs |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-8.00K | USD | 2 Qtrs |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$22.99M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$25.81M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$12.34M | 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
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$25.81M | USD | Point-in-time |
| Cash and cash equivalents - end of year |
CashAndCashEquivalentsAtCarryingValue
|
$12.34M | USD | Point-in-time |
Stockholders Equity
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$32.20M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$25.96M | 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 |
| Beginning Balance |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.20M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-664.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.94M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-770.00K | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-4.51M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$168.18M | USD | 2 Qtrs |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-3.00M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-8.85M | USD | 2 Qtrs |
| Earnings (loss) for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$32.20M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$25.96M | 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 |
| Ending Balance |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.