10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-23-005458 |
| Period End Date | 20230228 |
| Filing Date | 20230405 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | tmq-20230228x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 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 |
| Cash |
Cash
|
$1.68M | USD | Point-in-time |
| Cash |
Cash
|
$2.57M | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
146.23M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
148.72M | shares | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$17.00K | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$26.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$163.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$320.00K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.87M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.91M | USD | Point-in-time |
| Investment in Ambler Metals LLC (note 3) |
EquityMethodInvestments
|
$142.75M | USD | Point-in-time |
| Investment in Ambler Metals LLC (note 3) |
EquityMethodInvestments
|
$141.38M | USD | Point-in-time |
| Fixed assets |
PropertyPlantAndEquipmentNet
|
$12.00K | USD | Point-in-time |
| Fixed assets |
PropertyPlantAndEquipmentNet
|
$10.00K | USD | Point-in-time |
| Right of use asset (note 5 (a)) |
OperatingLeaseRightOfUseAsset
|
$276.00K | USD | Point-in-time |
| Right of use asset (note 5 (a)) |
OperatingLeaseRightOfUseAsset
|
$319.00K | USD | Point-in-time |
| Total assets |
Assets
|
$143.54M | USD | Point-in-time |
| Total assets |
Assets
|
$146.00M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 4) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$670.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 4) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$345.00K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$176.00K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$189.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$846.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$534.00K | USD | Point-in-time |
| Long-term portion of lease liability (note 5 (b)) |
OperatingLeaseLiabilityNoncurrent
|
$33.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$846.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$567.00K | USD | Point-in-time |
| Share capital (note 6) - unlimited common shares authorized, no par value Issued - 148,722,699 (2022 - 146,225,035) |
CommonStockValue
|
$182.18M | USD | Point-in-time |
| Share capital (note 6) - unlimited common shares authorized, no par value Issued - 148,722,699 (2022 - 146,225,035) |
CommonStockValue
|
$183.83M | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$121.00K | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$122.00K | USD | Point-in-time |
| Contributed surplus - options (note 6(a)) |
AdditionalPaidInCapital
|
$27.35M | USD | Point-in-time |
| Contributed surplus - options (note 6(a)) |
AdditionalPaidInCapital
|
$27.87M | USD | Point-in-time |
| Contributed surplus - units (note 6(b)) |
ContributedSurplusUnits
|
$2.80M | USD | Point-in-time |
| Contributed surplus - units (note 6(b)) |
ContributedSurplusUnits
|
$2.64M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-66.90M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-66.86M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-71.93M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$145.43M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$162.95M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$142.69M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$166.04M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$143.54M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$146.00M | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$2.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$6.00K | USD | 1 Quarter |
| Exploration expenses |
ExplorationExpense
|
$29.00K | USD | 1 Quarter |
| Exploration expenses |
ExplorationExpense
|
$1.00K | USD | 1 Quarter |
| Foreign exchange (gain)/loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-3.00K | USD | 1 Quarter |
| Foreign exchange (gain)/loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$4.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$397.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$408.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$99.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$30.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$570.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$245.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$237.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$414.00K | USD | 1 Quarter |
| Salaries and directors expense - stock-based compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$2.36M | USD | 1 Quarter |
| Salaries and directors expense - stock-based compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$1.92M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$3.61M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$3.12M | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$2.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$19.00K | USD | 1 Quarter |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.91M | USD | 1 Quarter |
| Share of loss on equity investment (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.49M | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-5.02M | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-5.07M | USD | 1 Quarter |
| Basic loss per common share |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Basic loss per common share |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Diluted loss per common share |
EarningsPerShareDiluted
|
$-0.03 | USD | 1 Quarter |
| Diluted loss per common share |
EarningsPerShareDiluted
|
$-0.03 | USD | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
145.29M | shares | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
147.77M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
147.77M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
145.29M | shares | 1 Quarter |
Cash Flow Statement
35 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loss for the period |
NetIncomeLoss
|
$-5.07M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-5.02M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$2.00K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$6.00K | USD | 1 Quarter |
| Professional fees settled by common shares |
RestrictedStockExpense
|
$21.00K | USD | 1 Quarter |
| Office lease accounting |
IncreaseDecreaseInOfficeLeasePayments
|
$2.00K | USD | 1 Quarter |
| Office lease accounting |
IncreaseDecreaseInOfficeLeasePayments
|
$4.00K | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.91M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.49M | USD | 1 Quarter |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-4.00K | USD | 1 Quarter |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-2.00K | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.36M | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.86M | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$9.00K | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-2.00K | USD | 1 Quarter |
| Decrease in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-43.00K | USD | 1 Quarter |
| Decrease in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-157.00K | USD | 1 Quarter |
| (Decrease) increase in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$167.00K | USD | 1 Quarter |
| (Decrease) increase in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-281.00K | USD | 1 Quarter |
| Total cash flows used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-885.00K | USD | 1 Quarter |
| Total cash flows used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.48M | USD | 1 Quarter |
| Proceeds from exercise of options |
ProceedsFromStockOptionsExercised
|
$18.00K | USD | 1 Quarter |
| Total cash flows from financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$18.00K | USD | 1 Quarter |
| Decrease in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-1.46M | USD | 1 Quarter |
| Decrease in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-885.00K | USD | 1 Quarter |
| Effect of exchange rate on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-6.00K | USD | 1 Quarter |
| Effect of exchange rate on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.00K | USD | 1 Quarter |
| Cash - beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.31M | USD | Point-in-time |
| Cash - beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.85M | USD | Point-in-time |
| Cash - beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.68M | USD | Point-in-time |
| Cash - beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.57M | USD | Point-in-time |
| Cash - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.31M | USD | Point-in-time |
| Cash - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.85M | USD | Point-in-time |
| Cash - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.68M | USD | Point-in-time |
| Cash - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.57M | USD | Point-in-time |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$145.43M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$162.95M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$142.69M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$166.04M | USD | Point-in-time |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$18.00K | USD | 1 Quarter |
| Joint venture contribution |
StockIssuedDuringPeriodValueJointVentureContributionsGross
|
$51.00K | USD | 1 Quarter |
| Services settled by common shares |
StockIssuedDuringPeriodValueIssuedForServices
|
$4.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-2.22M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-1.86M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-5.07M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-5.02M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$145.43M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$162.95M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$142.69M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$166.04M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.