10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-20-011395 |
| Period End Date | 20200831 |
| Filing Date | 20201007 |
| Fiscal Year | 2020 |
| Fiscal Period | Q3 |
| XBRL Instance | tmq-20200831x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
52 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
|
142.98M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.99M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$26.85M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.78M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$264.00K | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$121.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$379.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$719.00K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$13.28M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$20.16M | USD | Point-in-time |
| Equity method investment (note 4) |
EquityMethodInvestments
|
$174.17M | USD | Point-in-time |
| Plant and equipment (note 5) |
PropertyPlantAndEquipmentNet
|
$222.00K | USD | Point-in-time |
| Plant and equipment (note 5) |
PropertyPlantAndEquipmentNet
|
$715.00K | 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
|
$681.00K | USD | Point-in-time |
| Right of use asset (note 8 (a)) |
OperatingLeaseRightOfUseAsset
|
$503.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$188.17M | USD | Point-in-time |
| Total Assets |
Assets
|
$51.62M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 7) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$2.35M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 7) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.29M | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$152.00K | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$2.35M | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$1.44M | USD | Point-in-time |
| Long-term portion of lease liability (note 8 (b)) |
OperatingLeaseLiabilityNoncurrent
|
$447.00K | 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
|
$1.89M | USD | Point-in-time |
| Share capital (note 9) - unlimited common shares authorized, no par value Issued - 142,978,805 (2019 - 140,427,761) |
CommonStockValue
|
$179.31M | USD | Point-in-time |
| Share capital (note 9) - unlimited common shares authorized, no par value Issued - 142,978,805 (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
|
$23.02M | USD | Point-in-time |
| Contributed surplus - options (note 9(a)) |
AdditionalPaidInCapital
|
$21.12M | USD | Point-in-time |
| Contributed surplus - units (note 9(b)) |
ContributedSurplusUnits
|
$1.76M | USD | Point-in-time |
| Contributed surplus - units (note 9(b)) |
ContributedSurplusUnits
|
$1.55M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-182.71M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-17.72M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$25.96M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$32.20M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$29.80M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$23.74M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$186.29M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$51.62M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$188.17M | USD | Point-in-time |
Income Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$31.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$75.00K | USD | 3 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$17.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$106.00K | USD | 3 Qtrs |
| Feasibility study |
ResearchAndDevelopmentExpense
|
$232.00K | USD | 1 Quarter |
| Feasibility study |
ResearchAndDevelopmentExpense
|
$974.00K | USD | 3 Qtrs |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-3.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$26.00K | USD | 3 Qtrs |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-37.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-44.00K | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.35M | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.36M | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$435.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$265.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$156.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$456.00K | USD | 3 Qtrs |
| Investor relations |
BusinessDevelopment
|
$164.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$383.00K | USD | 3 Qtrs |
| Mineral properties expense (note 6(a)) |
MineralPropertyExpense
|
$15.39M | USD | 3 Qtrs |
| Mineral properties expense (note 6(a)) |
MineralPropertyExpense
|
$1.54M | USD | 3 Qtrs |
| Mineral properties expense (note 6(a)) |
MineralPropertyExpense
|
$10.95M | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$1.03M | USD | 3 Qtrs |
| Professional fees |
ProfessionalFees
|
$165.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$414.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$658.00K | USD | 3 Qtrs |
| Salaries |
SalariesAndWages
|
$835.00K | USD | 3 Qtrs |
| Salaries |
SalariesAndWages
|
$272.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$170.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$620.00K | USD | 3 Qtrs |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$402.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.06M | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$3.03M | USD | 3 Qtrs |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$3.00M | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$21.79M | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$2.11M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$9.05M | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$12.67M | USD | 1 Quarter |
| Gain on derecognition of assets contributed to joint venture (note 4(a)) |
GainLossOnDerecognition
|
$175.77M | USD | 3 Qtrs |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.09M | USD | 1 Quarter |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.83M | USD | 3 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$16.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$409.00K | USD | 3 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$107.00K | USD | 3 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$137.00K | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-3.00M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-4.51M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-12.54M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-3.18M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$164.99M | USD | 3 Qtrs |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the period |
NetIncomeLoss
|
$-21.38M | USD | 3 Qtrs |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.16 | USD | 3 Qtrs |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.09 | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$1.17 | USD | 3 Qtrs |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.09 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$1.12 | USD | 3 Qtrs |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.16 | USD | 3 Qtrs |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
136.98M | shares | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
133.68M | shares | 3 Qtrs |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
141.02M | shares | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
140.81M | shares | 3 Qtrs |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
136.98M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
133.68M | shares | 3 Qtrs |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
146.66M | shares | 3 Qtrs |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
141.02M | shares | 1 Quarter |
Cash Flow Statement
47 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Earnings (loss) for the period |
NetIncomeLoss
|
$-3.00M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-4.51M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-12.54M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-3.18M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$164.99M | USD | 3 Qtrs |
| Earnings (loss) for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-21.38M | USD | 3 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$106.00K | USD | 3 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$75.00K | USD | 3 Qtrs |
| Right of use asset amortization |
AmortizationOfLeaseIncentives
|
$124.00K | USD | 3 Qtrs |
| Loss on working capital written-off upon joint venture formation |
LossOnWorkingCapitalWrittenOffUponJointVentureFormation
|
$18.00K | USD | 3 Qtrs |
| Gain on derecognition of assets (note 4(a)) |
GainLossOnDerecognition
|
$175.77M | USD | 3 Qtrs |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.09M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.83M | USD | 3 Qtrs |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-3.00K | USD | 3 Qtrs |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-12.00K | USD | 3 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$402.00K | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.06M | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$3.03M | USD | 3 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$3.00M | USD | 3 Qtrs |
| Operating lease payments |
OperatingLeasePayments
|
$141.78K | USD | 3 Qtrs |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-143.00K | USD | 3 Qtrs |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$336.00K | USD | 3 Qtrs |
| Decrease in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-340.00K | USD | 3 Qtrs |
| Decrease in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-99.00K | USD | 3 Qtrs |
| (Decrease) increase in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.07M | USD | 3 Qtrs |
| (Decrease) increase in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.75M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-15.76M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-6.41M | USD | 3 Qtrs |
| Proceeds from exercise of warrants |
ProceedsFromWarrantExercises
|
$9.91M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$9.91M | USD | 3 Qtrs |
| Acquisition of plant & equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$494.00K | USD | 3 Qtrs |
| Mineral properties funding |
ProceedsFromContributionsFromAffiliatesMineralProperties
|
$10.20M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$9.71M | USD | 3 Qtrs |
| (Decrease) increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-6.41M | USD | 3 Qtrs |
| (Decrease) increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$3.86M | USD | 3 Qtrs |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-3.00K | USD | 3 Qtrs |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$17.00K | USD | 3 Qtrs |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$22.99M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$26.85M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.78M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$22.99M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$26.85M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.78M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
Stockholders Equity
31 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$25.96M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$32.20M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$29.80M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$23.74M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$186.29M | USD | Point-in-time |
| Exercise of warrants |
ExerciseOfWarrants
|
$9.91M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-770.00K | 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
|
$-402.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.20M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.06M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-3.00M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-4.51M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-12.54M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-4.34M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-3.18M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$164.99M | USD | 3 Qtrs |
| Earnings (loss) for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Earnings (loss) for the period |
NetIncomeLoss
|
$-21.38M | USD | 3 Qtrs |
| Ending Balance |
StockholdersEquity
|
$25.96M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$32.20M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$29.80M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$23.74M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$186.29M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.