$TMRC
Texas Mineral Resources Corp.

2023 Q4 Form 10-K Financial Statement

#000199937123000633 Filed on November 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $232.9K $325.3K
YoY Change -31.94% -16.52%
% of Gross Profit
Research & Development $0.00 $60.71K
YoY Change -100.0% -85.99%
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $1.164K
YoY Change -100.0% -100.0% -83.33%
% of Gross Profit
Operating Expenses $232.9K $386.0K $2.604M
YoY Change -59.39% -53.1% -10.57%
Operating Profit -$232.9K -$2.604M
YoY Change -59.39% -10.57%
Interest Expense $11.50K
YoY Change 113.36%
% of Operating Profit
Other Income/Expense, Net $11.50K $9.630K $11.57K
YoY Change 113.16% 245.16% 55.3%
Pretax Income -$221.4K -$399.0K
YoY Change -61.03% -51.35%
Income Tax
% Of Pretax Income
Net Earnings -$221.4K -$399.0K -$2.592M
YoY Change -61.03% -51.35% -10.74%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$0.04
Diluted Earnings Per Share $0.00 -$0.01 -$0.04
COMMON SHARES
Basic Shares Outstanding 73.78M shares 73.73M shares 73.20M shares
Diluted Shares Outstanding 73.77M shares 73.20M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $904.5K $1.079M $1.079M
YoY Change -50.96% -53.95% -53.95%
Cash & Equivalents $904.5K $1.079M $1.079M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $24.45K $39.58K $39.58K
YoY Change -94.17% -86.5% -86.5%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $928.9K $1.119M $1.119M
YoY Change -58.97% -57.57% -57.57%
LONG-TERM ASSETS
Property, Plant & Equipment $415.6K $415.6K
YoY Change -5.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets
YoY Change
Total Long-Term Assets $415.6K $415.6K $415.6K
YoY Change -1.77% -7.01% -7.01%
TOTAL ASSETS
Total Short-Term Assets $928.9K $1.119M $1.119M
Total Long-Term Assets $415.6K $415.6K $415.6K
Total Assets $1.345M $1.534M $1.534M
YoY Change -49.97% -50.24% -50.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.03K $93.41K $93.41K
YoY Change -37.96% 127.27% 127.27%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $67.03K $93.41K $93.41K
YoY Change -37.95% 127.26% 127.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $67.03K $93.41K $93.41K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $67.03K $93.41K $93.41K
YoY Change -37.96% 127.27% 127.27%
SHAREHOLDERS EQUITY
Retained Earnings -$42.57M -$42.34M
YoY Change 5.57% 6.52%
Common Stock $737.8K $737.3K
YoY Change 1.22% 1.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.278M $1.441M $1.441M
YoY Change
Total Liabilities & Shareholders Equity $1.345M $1.534M $1.534M
YoY Change -49.97% -50.24% -50.24%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income -$221.4K -$399.0K -$2.592M
YoY Change -61.03% -51.35% -10.74%
Depreciation, Depletion And Amortization $0.00 $0.00 $1.164K
YoY Change -100.0% -100.0% -83.33%
Cash From Operating Activities -$174.8K -$303.5K -$1.310M
YoY Change -65.0% -74.7% -52.77%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $7.500K $513.1K
YoY Change 9921.68%
Cash From Investing Activities $7.500K $513.1K
YoY Change -101.49% -169.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $38.00K
YoY Change -100.0% -84.15%
NET CHANGE
Cash From Operating Activities -$174.8K -303.5K -$1.310M
Cash From Investing Activities 7.500K $513.1K
Cash From Financing Activities 0.000 $38.00K
Net Change In Cash -$174.8K -296.0K -$759.0K
YoY Change -65.0% -82.62% -76.78%
FREE CASH FLOW
Cash From Operating Activities -$174.8K -$303.5K -$1.310M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$303.5K -$1.310M
YoY Change -56.31% -52.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001445942
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--08-31
CY2023Q3 us-gaap Short Term Investments
ShortTermInvestments
usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
usd
CY2023Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
usd
CY2023Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2023 tmrc Grant Income Expense
GrantIncomeExpense
usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2023 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
usd
CY2023 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
usd
CY2023 us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2022 tmrc Cashless Exercise Of Common Stock Warrants
CashlessExerciseOfCommonStockWarrants
usd
CY2023 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-42344022 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2023 dei Document Type
DocumentType
10-K
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-08-31
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity File Number
EntityFileNumber
000-53482
CY2023 dei Entity Registrant Name
EntityRegistrantName
TEXAS MINERAL RESOURCES CORP.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
87-0294969
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
539 El Paso Street
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Sierra Blanca
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
79851
CY2023 dei City Area Code
CityAreaCode
361
CY2023 dei Local Phone Number
LocalPhoneNumber
790-5831
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Entity Public Float
EntityPublicFloat
59917619 usd
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
73784810 shares
CY2023 dei Auditor Name
AuditorName
Ham, Langston & Brezina, L.L.P.
CY2023 dei Auditor Location
AuditorLocation
Houston, Texas
CY2023 dei Auditor Firm
AuditorFirmId
298
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1079307 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1838300 usd
CY2022Q3 us-gaap Short Term Investments
ShortTermInvestments
505611 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
39577 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
293130 usd
CY2023Q3 us-gaap Assets Current
AssetsCurrent
1118884 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
2637041 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23853 usd
CY2023Q3 us-gaap Mineral Properties Net
MineralPropertiesNet
415607 usd
CY2022Q3 us-gaap Mineral Properties Net
MineralPropertiesNet
415607 usd
CY2022Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
7500 usd
CY2023Q3 us-gaap Assets
Assets
1534491 usd
CY2022Q3 us-gaap Assets
Assets
3084001 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
93406 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
41101 usd
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
93406 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
41101 usd
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
73728263 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
73728263 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
72869220 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
72869220 shares
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
737283 usd
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
728692 usd
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
43047824 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
42066269 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-42344022 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-39752061 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1441085 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
3042900 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1534491 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3084001 usd
CY2023 us-gaap Exploration Expense
ExplorationExpense
781547 usd
CY2022 us-gaap Exploration Expense
ExplorationExpense
1534915 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1821984 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1376274 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
2603531 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
2911189 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-2603531 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-2911189 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-22689 usd
CY2022 tmrc Grant Income Expense
GrantIncomeExpense
93 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
34259 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7357 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11570 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
7450 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-2591961 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2903739 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73199501 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73199501 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72403029 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72403029 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-2591961 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2903739 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1164 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6981 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-22689 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
952146 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
503442 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-253553 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
220101 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
52305 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-150293 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-10000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1310104 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2773710 usd
CY2023 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-7500 usd
CY2022 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-5120 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
505611 usd
CY2022 us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
233852 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
505611 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
513111 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-734343 usd
CY2023 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
38000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
239700 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
239700 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-758993 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3268353 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1838300 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5106653 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1079307 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1838300 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
5203497 usd
CY2022 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
178007 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
325435 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
239700 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2903739 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
3042900 usd
CY2023 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
167670 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
784476 usd
CY2023 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
38000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-2591961 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1441085 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80C_eus-gaap--NatureOfOperations_zeAaDACJlYha" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 1 – <span id="xdx_827_z6HkBZR41Zkg">ORGANIZATION AND NATURE OF BUSINESS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Texas Mineral Resources Corp. (the “Company”) was incorporated in the State of Nevada in 1970 as Standard Silver Corporation. In 2010, the Company changed its name from “Standard Silver Corporation” to “Texas Rare Earth Resources Corp”. In 2012, the Company changed its state of incorporation from Nevada to Delaware under a plan of conversion dated August 24, 2012. In 2016, the Company changed its name to Texas Mineral Resources Corp.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are a mining company engaged in the business of the acquisition, exploration and development of mineral properties. At August 31, 2023, we owned a <span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20230831__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RoundTopMountainDevelopmentCompanyMember_z1YGegugPukd" title="Ownership interest">19.874</span>% membership interest in Round Top Mountain Development, LLC, a Delaware limited liability company (“Round Top” or “RTMD”), which entity holds <span id="xdx_90D_ecustom--NumberOfLeasesHeld_iI_pid_dc_uNumber_c20230831__dei--LegalEntityAxis__custom--RoundTopMountainDevelopmentCompanyLLCMember_z8BfBgHgmZA6" title="Number of leases held">two</span> mineral property leases with the GLO to explore and develop a <span id="xdx_90F_ecustom--MiningLeaseAcres_iI_uacre_c20230831__dei--LegalEntityAxis__custom--RoundTopMountainDevelopmentCompanyLLCMember_zErnz87sCjef" title="Area of project">950</span>-acre rare earths project located in Hudspeth County, Texas, known as the Round Top Project. The leases expire in 2030. Round Top also holds prospecting permits covering <span id="xdx_90C_ecustom--SurfaceRightsAcres_iI_uacre_c20230831__dei--LegalEntityAxis__custom--RoundTopMountainDevelopmentCompanyLLCMember_ztkIEbDvbNSl" title="Surface rights - acres">9,345</span> acres adjacent to the Round Top Project. The business strategy of Round Top is to develop a metallurgical process to concentrate or otherwise extract the metals from the Round Top Project’s rhyolite, conduct additional engineering, design, geotechnical work, and permitting necessary for a bankable feasibility study and then to extract mineral resources from the Round Top Project. The Round Top Project has not established as of the date hereof that any of the properties contain any probable mineral reserves or proven mineral reserves under Item 1300 of Regulation S-K (“Item 1300”).</p>
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
22395000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q3 tmrc Working Capital
WorkingCapital
1025000 usd
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q1 tmrc Consulting Agreements Number Of Shares
ConsultingAgreementsNumberOfShares
699999 shares
CY2020Q1 tmrc Consulting Agreements Number Of Shares Per Agreement
ConsultingAgreementsNumberOfSharesPerAgreement
233333 shares
CY2020Q1 tmrc Consulting Agreements Value Of Shares
ConsultingAgreementsValueOfShares
448000 usd
CY2020Q1 us-gaap Share Price
SharePrice
0.64
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1030000 shares
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zQrcFIv3iMog" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_86F_zVnccZSLzcri">Use of Estimates</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
319805 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
295951 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23853 usd
CY2023 us-gaap Depreciation
Depreciation
1164 usd
CY2022 us-gaap Depreciation
Depreciation
6981 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
544311 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
609785 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-199950 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-105723 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-344361 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-504062 usd
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4702990 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4522754 usd
CY2023Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
961015 usd
CY2022Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
796890 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5664005 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5319644 usd

Files In Submission

Name View Source Status
0001999371-23-000633-index-headers.html Edgar Link pending
0001999371-23-000633-index.html Edgar Link pending
0001999371-23-000633.txt Edgar Link pending
0001999371-23-000633-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tmrc-10k_083123.htm Edgar Link pending
tmrc-20230831.xsd Edgar Link pending
tmrc10k001.jpg Edgar Link pending
tmrc-20230831_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
tmrc-20230831_def.xml Edgar Link unprocessable
tmrc-20230831_lab.xml Edgar Link unprocessable
tmrc-20230831_pre.xml Edgar Link unprocessable
tmrc-10k_083123_htm.xml Edgar Link completed