Texas Mineral Resources Corp. 10-Q Filing
Ticker: TMRC · Form: 10-Q · Filed: Jan 14, 2025 · CIK: 1445942
| Field | Detail |
|---|---|
| Company | Texas Mineral Resources Corp. (TMRC) |
| Form Type | 10-Q |
| Filed Date | Jan 14, 2025 |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $43,406,000 |
| Sentiment | neutral |
Sentiment: neutral
FAQ
What type of filing is this?
This is a 10-Q filing submitted by Texas Mineral Resources Corp. (ticker: TMRC) to the SEC on Jan 14, 2025.
What are the key financial figures in this filing?
Key dollar amounts include: $43,406,000 (ugh November 30, 2024, of approximately $43,406,000 and has yet to achieve profitable opera).
How long is this filing?
Texas Mineral Resources Corp.'s 10-Q filing is 16 pages with approximately 4,703 words. Estimated reading time is 19 minutes.
Where can I view the full 10-Q filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 4,703 words · 19 min read · ~16 pages · Grade level 17.3 · Accepted 2025-01-14 16:35:01
Key Financial Figures
- $43,406,000 — ugh November 30, 2024, of approximately $43,406,000 and has yet to achieve profitable opera
Filing Documents
- tmrc-10q_113024.htm (10-Q) — 466KB
- ex10-25.htm (EX-10.25) — 11KB
- ex31-1.htm (EX-31.1) — 16KB
- ex31-2.htm (EX-31.2) — 16KB
- ex32-1.htm (EX-32.1) — 6KB
- ex32-2.htm (EX-32.2) — 6KB
- ex10-25_01.jpg (GRAPHIC) — 745KB
- ex10-25_02.jpg (GRAPHIC) — 942KB
- ex10-25_03.jpg (GRAPHIC) — 1159KB
- ex10-25_04.jpg (GRAPHIC) — 1212KB
- ex10-25_05.jpg (GRAPHIC) — 1439KB
- ex10-25_06.jpg (GRAPHIC) — 1109KB
- ex10-25_07.jpg (GRAPHIC) — 1613KB
- ex10-25_08.jpg (GRAPHIC) — 1465KB
- ex10-25_09.jpg (GRAPHIC) — 1472KB
- ex10-25_10.jpg (GRAPHIC) — 275KB
- ex10-25_11.jpg (GRAPHIC) — 305KB
- ex10-25_12.jpg (GRAPHIC) — 171KB
- ex10-25_13.jpg (GRAPHIC) — 710KB
- ex10-25_14.jpg (GRAPHIC) — 603KB
- ex10-25_15.jpg (GRAPHIC) — 647KB
- ex10-25_16.jpg (GRAPHIC) — 586KB
- 0001839882-25-002080.txt ( ) — 22089KB
- tmrc-20241130.xsd (EX-101.SCH) — 21KB
- tmrc-20241130_cal.xml (EX-101.CAL) — 19KB
- tmrc-20241130_def.xml (EX-101.DEF) — 64KB
- tmrc-20241130_lab.xml (EX-101.LAB) — 205KB
- tmrc-20241130_pre.xml (EX-101.PRE) — 148KB
- tmrc-10q_113024_htm.xml (XML) — 150KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 21 Item 4
Controls and Procedures
Controls and Procedures 21 Part II Item 1
Legal Proceedings
Legal Proceedings 21 Item 1A.
Risk Factors
Risk Factors 21 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 3 Defaults upon Senior Securities 22 Item 4 Mine Safety Disclosures 22 Item 5 Other Information 22 Item 6 Exhibits 23
Signatures
Signatures 26 2 TEXAS MINERAL RESOURCES CORP. CONSOLIDATED BALANCE SHEETS (Unaudited) November 30, August 31, 2024 2024 ASSETS CURRENT ASSETS Cash and cash equivalents $ 269,387 $ 428,197 Prepaid expenses and other current assets 19,257 46,090 Total current assets 288,644 474,287 Restricted investment 37,600 — Mineral properties, net 432,206 432,206 TOTAL ASSETS $ 758,450 $ 906,493 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued liabilities $ 70,881 $ 42,664 Total current liabilities 70,881 42,664 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY Preferred stock, par value $ 0.001 ; 10,000,000 shares authorized, no shares issued and oustanding as of November 30, 2024 and August 31, 2024 — — Common stock, par value $ 0.01 ; 100,000,000 shares authorized, 74,588,426 and 74,343,827 shares issued and oustanding as of November 30, 2024 and August 31, 2024, respectively 745,885 743,439 Additional paid-in capital 43,347,812 43,297,421 Accumulated deficit ( 43,406,128 ) ( 43,177,031 ) Total shareholders' equity 687,569 863,829 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 758,450 $ 906,493 The accompanying notes are an integral part of these consolidated financial statements. 3 TEXAS MINERAL RESOURCES CORP. CONSOLIDATED For the Three Months Ended November 30, 2024 and 2023 (Unaudited) 2024 2023 OPERATING EXPENSES Exploration costs $ 21,735 $ — General and administrative expenses 211,009 232,909 Total operating expenses 232,744 232,909 LOSS FROM OPERATIONS ( 232,744 ) ( 232,909 ) OTHER INCOME Interest income 3,647 11,498 Total other income 3,647 11,498 NET LOSS $ ( 229,097 ) $ ( 221,411 ) Net loss per share: Basic and diluted net loss per share $ ( 0.00 ) $ ( 0.00 ) Weighted average shares outstanding: Basic and diluted 74,443,279 73,766,161 The accompanying notes are an in