10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-23-011875 |
| Period End Date | 20230531 |
| Filing Date | 20230714 |
| Fiscal Year | 2023 |
| Fiscal Period | Q2 |
| XBRL Instance | tmq-20230531x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
47 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
|
145.85M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
155.27M | shares | Point-in-time |
| Cash |
Cash
|
$4.17M | USD | Point-in-time |
| Cash |
Cash
|
$2.57M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$16.00K | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$17.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$320.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$58.00K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.91M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$4.24M | USD | Point-in-time |
| Investment in Ambler Metals LLC (note 3) |
EquityMethodInvestments
|
$139.78M | USD | Point-in-time |
| Investment in Ambler Metals LLC (note 3) |
EquityMethodInvestments
|
$142.75M | USD | Point-in-time |
| Fixed assets |
PropertyPlantAndEquipmentNet
|
$12.00K | USD | Point-in-time |
| Fixed assets |
PropertyPlantAndEquipmentNet
|
$8.00K | USD | Point-in-time |
| Right of use asset (note 5 (a)) |
OperatingLeaseRightOfUseAsset
|
$233.00K | USD | Point-in-time |
| Right of use asset (note 5 (a)) |
OperatingLeaseRightOfUseAsset
|
$319.00K | USD | Point-in-time |
| Total assets |
Assets
|
$146.00M | USD | Point-in-time |
| Total assets |
Assets
|
$144.26M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 4) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$598.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 4) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$345.00K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$130.00K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$189.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$728.00K | 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
|
$728.00K | 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 - 155,269,296 (2022 - 145,851,247) |
CommonStockValue
|
$187.57M | USD | Point-in-time |
| Share capital (note 6) - unlimited common shares authorized, no par value issued - 155,269,296 (2022 - 145,851,247) |
CommonStockValue
|
$182.18M | 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(b)) |
AdditionalPaidInCapital
|
$27.35M | USD | Point-in-time |
| Contributed surplus - options (note 6(b)) |
AdditionalPaidInCapital
|
$27.99M | USD | Point-in-time |
| Contributed surplus - units (note 6(c)) |
ContributedSurplusUnits
|
$2.59M | USD | Point-in-time |
| Contributed surplus - units (note 6(c)) |
ContributedSurplusUnits
|
$2.64M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-66.86M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-74.74M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$159.41M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$166.04M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$145.43M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$142.69M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$162.95M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$143.53M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$146.00M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$144.26M | USD | Point-in-time |
Income Statement
63 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$11.00K | USD | 2 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$5.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$4.00K | USD | 2 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$2.00K | USD | 1 Quarter |
| Exploration expenses |
ExplorationExpense
|
$1.00K | USD | 2 Qtrs |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$2.00K | USD | 2 Qtrs |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-2.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-1.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-4.00K | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$338.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$736.00K | USD | 2 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$328.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$735.00K | USD | 2 Qtrs |
| Investor relations |
BusinessDevelopment
|
$23.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$137.00K | USD | 2 Qtrs |
| Investor relations |
BusinessDevelopment
|
$38.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$53.00K | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$188.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$437.00K | USD | 2 Qtrs |
| Professional fees |
ProfessionalFees
|
$192.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$758.00K | USD | 2 Qtrs |
| Salaries |
SalariesAndWages
|
$675.00K | USD | 2 Qtrs |
| Salaries |
SalariesAndWages
|
$430.00K | USD | 2 Qtrs |
| Salaries |
SalariesAndWages
|
$193.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$261.00K | USD | 1 Quarter |
| Salaries and directors expense - stock-based compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$2.58M | USD | 2 Qtrs |
| Salaries and directors expense - stock-based compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$662.00K | USD | 1 Quarter |
| Salaries and directors expense - stock-based compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$2.85M | USD | 2 Qtrs |
| Salaries and directors expense - stock-based compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$491.00K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$1.50M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$4.83M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$1.23M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$4.58M | USD | 2 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$27.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$2.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$46.00K | USD | 2 Qtrs |
| Interest and other income |
InterestAndOtherIncome
|
$4.00K | USD | 2 Qtrs |
| Share of loss on equity investment (note 3(b)) |
IncomeLossFromEquityMethodInvestments
|
$-2.46M | USD | 1 Quarter |
| Share of loss on equity investment (note 3(b)) |
IncomeLossFromEquityMethodInvestments
|
$-3.09M | USD | 2 Qtrs |
| Share of loss on equity investment (note 3(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.60M | USD | 1 Quarter |
| Share of loss on equity investment (note 3(b)) |
IncomeLossFromEquityMethodInvestments
|
$-4.37M | USD | 2 Qtrs |
| Write off mineral properties |
WriteOffMineralProperties
|
$119.00K | USD | 1 Quarter |
| Write off mineral properties |
WriteOffMineralProperties
|
$148.00K | USD | 2 Qtrs |
| Loss and comprehensive loss for the period |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-9.10M | USD | 2 Qtrs |
| Loss and comprehensive loss for the period |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-4.07M | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-2.80M | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-7.88M | USD | 2 Qtrs |
| Basic loss per common share |
EarningsPerShareBasic
|
$-0.06 | USD | 2 Qtrs |
| Basic loss per common share |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Basic loss per common share |
EarningsPerShareBasic
|
$-0.05 | USD | 2 Qtrs |
| Basic loss per common share |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Diluted loss per common share |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Diluted loss per common share |
EarningsPerShareDiluted
|
$-0.05 | USD | 2 Qtrs |
| Diluted loss per common share |
EarningsPerShareDiluted
|
$-0.06 | USD | 2 Qtrs |
| Diluted loss per common share |
EarningsPerShareDiluted
|
$-0.03 | USD | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
149.56M | shares | 2 Qtrs |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
151.32M | shares | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
145.51M | shares | 1 Quarter |
| Basic weighted average number of common shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
145.40M | shares | 2 Qtrs |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
145.40M | shares | 2 Qtrs |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
149.56M | shares | 2 Qtrs |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
151.32M | shares | 1 Quarter |
| Diluted weighted average number of common shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
145.51M | shares | 1 Quarter |
Cash Flow Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loss for the period |
NetIncomeLoss
|
$-4.07M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-7.88M | USD | 2 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-9.10M | USD | 2 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-2.80M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-5.07M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-5.02M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$11.00K | USD | 2 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$4.00K | USD | 2 Qtrs |
| Professional fees settled by common shares |
RestrictedStockExpense
|
$56.00K | USD | 2 Qtrs |
| Office lease accounting |
IncreaseDecreaseInOfficeLeasePayments
|
$8.00K | USD | 2 Qtrs |
| Office lease accounting |
IncreaseDecreaseInOfficeLeasePayments
|
$5.00K | USD | 2 Qtrs |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-2.46M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-3.09M | USD | 2 Qtrs |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-1.60M | USD | 1 Quarter |
| Loss on equity investment in Ambler Metals LLC (note 4(b)) |
IncomeLossFromEquityMethodInvestments
|
$-4.37M | USD | 2 Qtrs |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-3.00K | USD | 2 Qtrs |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-2.00K | USD | 2 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.85M | USD | 2 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$2.37M | USD | 2 Qtrs |
| Write off mineral properties |
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
$148.00K | USD | 2 Qtrs |
| Decrease in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-7.00K | USD | 2 Qtrs |
| Decrease in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.00K | USD | 2 Qtrs |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-262.00K | USD | 2 Qtrs |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$370.00K | USD | 2 Qtrs |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$97.00K | USD | 2 Qtrs |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-299.00K | USD | 2 Qtrs |
| Total cash flows used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.52M | USD | 2 Qtrs |
| Total cash flows used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.87M | USD | 2 Qtrs |
| Issuance of common shares, net of share issue cost (note 6(a)) |
ProceedsFromIssuanceOfPrivatePlacement
|
$3.12M | USD | 2 Qtrs |
| Proceeds from exercise of options |
ProceedsFromStockOptionsExercised
|
$54.00K | USD | 2 Qtrs |
| Total cash flows from financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$3.12M | USD | 2 Qtrs |
| Total cash flows from financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$54.00K | USD | 2 Qtrs |
| Increase (decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$1.60M | USD | 2 Qtrs |
| Increase (decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-2.81M | USD | 2 Qtrs |
| Effect of exchange rate on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-5.00K | USD | 2 Qtrs |
| Effect of exchange rate on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.00K | USD | 2 Qtrs |
| Cash - beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.31M | USD | Point-in-time |
| Cash - beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.17M | USD | Point-in-time |
| Cash - beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.50M | 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
|
$4.17M | USD | Point-in-time |
| Cash - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.50M | USD | Point-in-time |
| Cash - end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.57M | USD | Point-in-time |
Stockholders Equity
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$159.41M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$166.04M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$145.43M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$142.69M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$162.95M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$143.53M | USD | Point-in-time |
| Shares issued for private placement, net of share issue cost |
StockIssuedDuringPeriodValueNewIssues
|
$3.12M | USD | 1 Quarter |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$36.00K | USD | 1 Quarter |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$18.00K | USD | 1 Quarter |
| Restricted Share Units |
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
$121.00K | USD | 1 Quarter |
| Joint venture contribution |
StockIssuedDuringPeriodValueJointVentureContributionsGross
|
$111.00K | USD | 1 Quarter |
| Joint venture contribution |
StockIssuedDuringPeriodValueJointVentureContributionsGross
|
$51.00K | USD | 1 Quarter |
| Services settled by common shares |
StockIssuedDuringPeriodValueIssuedForServices
|
$35.00K | 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 |
| Stock-based compensation |
ShareBasedCompensation
|
$-503.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$-371.00K | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-4.07M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-7.88M | USD | 2 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-9.10M | USD | 2 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-2.80M | 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
|
$159.41M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$166.04M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$145.43M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$142.69M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$162.95M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$143.53M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.