THMG — what changed in the latest 10-Q
A section-by-section comparison of THMG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +16 | −8 | ~6 | 21 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | 0 | ~2 | 2 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
The Company's project activities during the first six months of 2026 focused on land acquisition, continued compilation of historic data and initiation of target drill testing at the South Mountain Project. On April 28, 2026 the Company executed a 20-year mineral lease (Lease) with the Idaho Departm…
A total of over 14,000 acres of mineral rights are now controlled by the Company through private party lease agreements, the lease with the IDL, Bureau of Land Management unpatented claims, and direct ownership of patented claims.
The project geology consists of interbedded limestone, marble, quartzite and schist units which were intruded by granite-like magmas including a breccia which is known to be enriched in gold (Figure 1). A thin layer of younger basaltic volcanic rocks partially covers the project area. Company geolog…
Key results of exploration activities during the second quarter of 2026 include updates to the project geologic map (Figure 1), reprocessing of historic induced polarization/resistivity geophysical data into modern formats, recovery of district-scale rock multi-element geochemical data showing stron…
Exploration targets were refined through ongoing interpretation of 2025 magneto-telluric (MT) data and regional rock geochemistry. During the reporting period, work focused on evaluating potential extensions of massive sulfide mineralization beyond the 800-meter zone of known occurrences (Figure 1),…
Text removed vs the prior filing · source: 10-Q · 2026-05-12
For the three months ended March 31, 2026, the Company incurred a net loss of $590,758, compared to a net loss of $540,300 for the comparable period in 2025. The increase in net loss was primarily attributable to higher exploration expenditures and increased professional fees, partially offset by lo…
Operating expenses for the three months ended March 31, 2026 totaled $594,595, an increase of $53,249, or 10%, compared to $541,346 for the prior year period. This increase was primarily attributable to expanded exploration activities and higher legal and accounting expenses, partially offset by low…
Exploration expenditures totaled $167,128 for the three months ended March 31, 2026, compared to $67,073 for the same period in 2025, representing an increase of $100,055, or 149%. The increase was driven by expanded exploration efforts related to the advancement of the Company's mineral interests.
Legal and accounting expenses totaled $95,186 for the three months ended March 31, 2026, compared to $45,810 for the same period in 2025, representing an increase of $49,376, or 108%. The increase primarily reflects higher professional service fees associated with financial reporting, regulatory com…
Management and administrative expenses totaled $332,281 for the three months ended March 31, 2026, compared to $428,463 for the same period in 2025, representing a decrease of $96,182, or 22%. The decrease was primarily attributable to lower stock-based compensation expense recognized during the cur…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice