10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-21-004022 |
| Period End Date | 20210228 |
| Filing Date | 20210407 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | tmq-20210228x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
49 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
|
144.21M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
144.14M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$15.22M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$11.12M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.63M | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$129.00K | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$24.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$184.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$217.00K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$11.44M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$9.87M | USD | Point-in-time |
| Investment in Ambler Metals LLC (note 4) |
EquityMethodInvestments
|
$173.15M | USD | Point-in-time |
| Investment in Ambler Metals LLC (note 4) |
EquityMethodInvestments
|
$172.03M | USD | Point-in-time |
| Fixed assets (note 5) |
PropertyPlantAndEquipmentNet
|
$189.00K | USD | Point-in-time |
| Fixed assets (note 5) |
PropertyPlantAndEquipmentNet
|
$206.00K | USD | Point-in-time |
| Right of use asset (note 7 (a)) |
OperatingLeaseRightOfUseAsset
|
$476.00K | USD | Point-in-time |
| Right of use asset (note 7 (a)) |
OperatingLeaseRightOfUseAsset
|
$448.00K | USD | Point-in-time |
| Right of use asset (note 7 (a)) |
OperatingLeaseRightOfUseAsset
|
$681.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$182.53M | USD | Point-in-time |
| Total Assets |
Assets
|
$185.26M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 6) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$888.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 6) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$551.00K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$166.00K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$158.00K | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$717.00K | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$1.05M | USD | Point-in-time |
| Long-term portion of lease liability (note 7 (b)) |
OperatingLeaseLiabilityNoncurrent
|
$408.00K | USD | Point-in-time |
| Long-term portion of lease liability (note 7 (b)) |
OperatingLeaseLiabilityNoncurrent
|
$374.00K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.09M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.45M | USD | Point-in-time |
| Share capital (note 8) - unlimited common shares authorized, no par value Issued - 144,214,485 (2020 - 144,137,850) |
CommonStockValue
|
$180.08M | USD | Point-in-time |
| Share capital (note 8) - unlimited common shares authorized, no par value Issued - 144,214,485 (2020 - 144,137,850) |
CommonStockValue
|
$179.75M | 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 8(a)) |
AdditionalPaidInCapital
|
$25.08M | USD | Point-in-time |
| Contributed surplus - options (note 8(a)) |
AdditionalPaidInCapital
|
$23.30M | USD | Point-in-time |
| Contributed surplus - units (note 8(b)) |
ContributedSurplusUnits
|
$1.62M | USD | Point-in-time |
| Contributed surplus - units (note 8(b)) |
ContributedSurplusUnits
|
$1.58M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-20.95M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-25.46M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$181.44M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$183.81M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$182.53M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$185.26M | USD | Point-in-time |
Income Statement
33 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$17.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$42.00K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-35.00K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-23.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$651.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$401.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$126.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$154.00K | USD | 1 Quarter |
| Mineral properties expense (note 4(a)) |
MineralPropertyExpense
|
$1.54M | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$229.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$668.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$224.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$439.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.20M | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.15M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$3.42M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$4.47M | USD | 1 Quarter |
| Gain on derecognition of assets contributed to joint venture (note 4(a)) |
GainOnDerecognitionOfAssetsContributedToJointVenture
|
$175.77M | USD | 1 Quarter |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.12M | USD | 1 Quarter |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-178.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$62.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$5.00K | USD | 1 Quarter |
| Services agreement income (note 4(e)) |
ServiceAgreementIncome
|
$22.00K | USD | 1 Quarter |
| Comprehensive (loss) earnings for the year |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-4.52M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the year |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$171.18M | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$1.22 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$1.16 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.03 | USD | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
144.16M | 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
|
144.16M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
147.65M | shares | 1 Quarter |
Cash Flow Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| (Loss) earnings for the period |
NetIncomeLoss
|
$-4.52M | USD | 1 Quarter |
| (Loss) earnings for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$42.00K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$17.00K | USD | 1 Quarter |
| Right of use asset amortization and lease accretion |
RightOfUseAmortizationAndLeaseAccretion
|
$38.00K | USD | 1 Quarter |
| Right of use asset amortization and lease accretion |
RightOfUseAmortizationAndLeaseAccretion
|
$60.00K | USD | 1 Quarter |
| Office lease payments |
IncreaseDecreaseInOfficeLeasePayments
|
$54.00K | USD | 1 Quarter |
| Office lease payments |
IncreaseDecreaseInOfficeLeasePayments
|
$49.00K | USD | 1 Quarter |
| Loss on working capital written-off upon joint venture formation |
LossOnWorkingCapitalWrittenOffUponJointVentureFormation
|
$18.00K | USD | 1 Quarter |
| Gain on derecognition of assets (note 4(a)) |
GainOnDerecognitionOfAssetsContributedToJointVenture
|
$175.77M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.12M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-178.00K | USD | 1 Quarter |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-14.00K | USD | 1 Quarter |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-25.00K | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.20M | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.15M | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-105.00K | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$154.00K | USD | 1 Quarter |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-419.00K | USD | 1 Quarter |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$33.00K | USD | 1 Quarter |
| (Decrease) increase in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-337.00K | USD | 1 Quarter |
| (Decrease) increase in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.08M | USD | 1 Quarter |
| Decrease in cash from operating activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-3.94M | USD | 1 Quarter |
| Decrease in cash from operating activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-1.49M | USD | 1 Quarter |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-1.00K | USD | 1 Quarter |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-16.00K | USD | 1 Quarter |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.22M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$11.12M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.63M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.22M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$11.12M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.63M | USD | Point-in-time |
Stockholders Equity
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$181.44M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$183.81M | USD | Point-in-time |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.20M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-2.15M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-4.52M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$181.44M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$183.81M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.