10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-21-008788 |
| Period End Date | 20210531 |
| Filing Date | 20210707 |
| Fiscal Year | 2021 |
| Fiscal Period | Q2 |
| XBRL Instance | tmq-20210531x10q_htm.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
|
144.14M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.45M | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
144.45M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$11.12M | USD | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$129.00K | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
144.45M | shares | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
144.14M | shares | Point-in-time |
| Accounts receivable (note 3) |
AccountsReceivableNetCurrent
|
$19.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$184.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$702.00K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$11.44M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$9.17M | 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
|
$170.32M | USD | Point-in-time |
| Fixed assets |
PropertyPlantAndEquipmentNet
|
$206.00K | USD | Point-in-time |
| Fixed assets |
PropertyPlantAndEquipmentNet
|
$39.00K | USD | Point-in-time |
| Right of use asset (note 6 (a)) |
OperatingLeaseRightOfUseAsset
|
$476.00K | USD | Point-in-time |
| Right of use asset (note 6 (a)) |
OperatingLeaseRightOfUseAsset
|
$559.00K | USD | Point-in-time |
| Total Assets |
Assets
|
$180.09M | USD | Point-in-time |
| Total Assets |
Assets
|
$185.26M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 5) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$888.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 5) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$907.00K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$158.00K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$179.00K | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$1.05M | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$1.09M | USD | Point-in-time |
| Long-term portion of lease liability (note 6 (b)) |
OperatingLeaseLiabilityNoncurrent
|
$408.00K | USD | Point-in-time |
| Long-term portion of lease liability (note 6 (b)) |
OperatingLeaseLiabilityNoncurrent
|
$347.00K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.45M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.43M | USD | Point-in-time |
| Share capital (note 7) - unlimited common shares authorized, no par value Issued - 144,446,485 (2020 - 144,137,850) |
CommonStockValue
|
$180.39M | USD | Point-in-time |
| Share capital (note 7) - unlimited common shares authorized, no par value Issued - 144,446,485 (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 7(a)) |
AdditionalPaidInCapital
|
$25.37M | USD | Point-in-time |
| Contributed surplus - options (note 7(a)) |
AdditionalPaidInCapital
|
$23.30M | USD | Point-in-time |
| Contributed surplus - units (note 7(b)) |
ContributedSurplusUnits
|
$1.58M | USD | Point-in-time |
| Contributed surplus - units (note 7(b)) |
ContributedSurplusUnits
|
$1.66M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-20.95M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-28.87M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$178.66M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$183.81M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$181.44M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$185.26M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$180.09M | USD | Point-in-time |
Income Statement
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$144.00K | USD | 2 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$42.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$104.00K | USD | 2 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$50.00K | USD | 1 Quarter |
| Feasibility study (note 4(a)) |
ResearchAndDevelopmentExpense
|
$742.00K | USD | 1 Quarter |
| Feasibility study (note 4(a)) |
ResearchAndDevelopmentExpense
|
$742.00K | USD | 2 Qtrs |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-7.00K | USD | 2 Qtrs |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-40.00K | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$16.00K | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-75.00K | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$407.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$669.00K | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$998.00K | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$306.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$101.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$227.00K | USD | 2 Qtrs |
| Investor relations |
BusinessDevelopment
|
$116.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$270.00K | USD | 2 Qtrs |
| Mineral properties expense |
MineralPropertyExpense
|
$1.54M | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$275.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$866.00K | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$504.00K | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$198.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$226.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$846.00K | USD | 2 Qtrs |
| Salaries |
SalariesAndWages
|
$407.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$450.00K | USD | 2 Qtrs |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$770.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$524.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.97M | USD | 2 Qtrs |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.67M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$1.72M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$5.14M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$6.95M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$2.47M | USD | 1 Quarter |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-2.82M | USD | 2 Qtrs |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-561.00K | USD | 1 Quarter |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.70M | USD | 1 Quarter |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-739.00K | USD | 2 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$12.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$74.00K | USD | 2 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$9.00K | USD | 2 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$5.00K | USD | 1 Quarter |
| Services agreement income (note 4(e)) |
ServiceAgreementIncome
|
$17.00K | USD | 2 Qtrs |
| Services agreement income (note 4(e)) |
ServiceAgreementIncome
|
$17.00K | USD | 1 Quarter |
| Services agreement income (note 4(e)) |
ServiceAgreementIncome
|
$22.00K | USD | 2 Qtrs |
| Gain on derecognition of assets contributed to joint venture (note 4(a)) |
GainOnDerecognitionOfAssetsContributedToJointVenture
|
$175.77M | USD | 2 Qtrs |
| Comprehensive (loss) earnings for the year |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-7.93M | USD | 2 Qtrs |
| Comprehensive (loss) earnings for the year |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-3.00M | USD | 1 Quarter |
| Comprehensive (loss) earnings for the year |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$168.18M | USD | 2 Qtrs |
| Comprehensive (loss) earnings for the year |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-3.41M | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.05 | USD | 2 Qtrs |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Basic (loss) earnings per common share |
EarningsPerShareBasic
|
$1.20 | USD | 2 Qtrs |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$1.13 | USD | 2 Qtrs |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.05 | USD | 2 Qtrs |
| Diluted (loss) earnings per common share |
EarningsPerShareDiluted
|
$-0.02 | USD | 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
|
144.30M | shares | 2 Qtrs |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
144.43M | shares | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
140.79M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
148.71M | 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
|
144.30M | shares | 2 Qtrs |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
144.43M | shares | 1 Quarter |
Cash Flow Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| (Loss) earnings for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| (Loss) earnings for the period |
NetIncomeLoss
|
$-3.00M | USD | 1 Quarter |
| (Loss) earnings for the period |
NetIncomeLoss
|
$-4.52M | USD | 1 Quarter |
| (Loss) earnings for the period |
NetIncomeLoss
|
$-3.41M | USD | 1 Quarter |
| (Loss) earnings for the period |
NetIncomeLoss
|
$-7.93M | USD | 2 Qtrs |
| (Loss) earnings for the period |
NetIncomeLoss
|
$168.18M | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$104.00K | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$144.00K | USD | 2 Qtrs |
| Office lease accounting |
IncreaseDecreaseInOfficeLeasePayments
|
$98.00K | USD | 2 Qtrs |
| Office lease accounting |
IncreaseDecreaseInOfficeLeasePayments
|
$97.00K | 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)) |
GainOnDerecognitionOfAssetsContributedToJointVenture
|
$175.77M | USD | 2 Qtrs |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-2.82M | USD | 2 Qtrs |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-561.00K | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.70M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-739.00K | USD | 2 Qtrs |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-11.00K | USD | 2 Qtrs |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-35.00K | USD | 2 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$770.00K | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$524.00K | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.97M | USD | 2 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.67M | USD | 2 Qtrs |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-110.00K | USD | 2 Qtrs |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$435.00K | USD | 2 Qtrs |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-246.00K | USD | 2 Qtrs |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$518.00K | USD | 2 Qtrs |
| (Decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.81M | USD | 2 Qtrs |
| (Decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$19.00K | USD | 2 Qtrs |
| Net Cash Used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.79M | USD | 2 Qtrs |
| Net Cash Used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-6.82M | USD | 2 Qtrs |
| Proceeds from exercise of options |
ProceedsFromStockOptionsExercised
|
$106.00K | USD | 2 Qtrs |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$106.00K | USD | 2 Qtrs |
| Decrease in cash from operating activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-6.82M | USD | 2 Qtrs |
| Decrease in cash from operating activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-2.68M | USD | 2 Qtrs |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.00K | USD | 2 Qtrs |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-15.00K | USD | 2 Qtrs |
| Cash and cash equivalents - beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.12M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.45M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.34M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$19.17M | USD | Point-in-time |
| Cash and cash equivalents - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$11.12M | USD | Point-in-time |
| Cash and cash equivalents - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$8.45M | USD | Point-in-time |
| Cash and cash equivalents - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$12.34M | USD | Point-in-time |
| Cash and cash equivalents - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$19.17M | USD | Point-in-time |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$178.66M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$183.81M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$181.44M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$18.26M | USD | Point-in-time |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$106.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.20M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-2.15M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-770.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-524.00K | USD | 1 Quarter |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$171.18M | USD | 1 Quarter |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$-3.00M | USD | 1 Quarter |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$-4.52M | USD | 1 Quarter |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$-3.41M | USD | 1 Quarter |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$-7.93M | USD | 2 Qtrs |
| Earnings (Loss) for the period |
NetIncomeLoss
|
$168.18M | USD | 2 Qtrs |
| Ending Balance |
StockholdersEquity
|
$188.41M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$178.66M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$190.64M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$183.81M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$181.44M | 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.