Companies · Mining & Resources

Abacus Mining & Exploration Corp

Vancouver · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Abacus Mining & Exploration Corp — recommendation, valuation, rhythm, risks.
$5.2M
Total raised · real
10
Rounds
0.7×
Latest step-up
Top 29%
Sector rank · raised
Seed
Latest stage · inferred · Mon Jan 19 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Abacus Mining & Exploration Corp looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.08× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 5 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

Abacus Mining & Exploration Corp is one of 701 Mining & Resources companies tracked from Vancouver. By capital raised it ranks in the upper tier (ahead of 72% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2026-01-19
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MSeed · 2012-03-15 Raised $2.2M (real) Modeled valuation $12M (est)Seed2012Seed · 2017-03-08 Raised $1.0M (real) Modeled valuation $5.5M (est)Seed2017Seed · 2018-11-23 Raised $487K (real) Modeled valuation $2.6M (est)Seed2018Seed · 2020-08-14 Raised $147K (real) Modeled valuation $772K (est)Seed2020Seed · 2020-08-14 Raised $116K (real) Modeled valuation $612K (est)Seed2020Seed · 2021-04-12 Raised $587K (real) Modeled valuation $2.8M (est)Seed2021Seed · 2021-04-16 Raised $587K (real) Modeled valuation $2.7M (est)Seed2021Seed · 2023-05-09 Raised $238K (real) Modeled valuation $779K (est)Seed2023Pre-Seed · 2024-08-20 Raised $160K (real) Modeled valuation $396K (est)Pre-Seed2024Seed · 2024-08-20 Raised $160K (real) Modeled valuation $420K (est)Seed2024Pre-Seed · 2024-08-20 Raised $127K (real) Modeled valuation $315K (est)Pre-Seed2024Seed · 2025-04-02 Raised $155K (real) Modeled valuation $365K (est)Seed2025Seed · 2026-01-19 Raised $105K (real) Modeled valuation $216K (est)Seed2026Cumulative $6.1M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.2M · 2012
Seed extension$1.0M · 2017
Seed extension$487K · 2018
Seed extension$147K · 2020
Seed extension$116K · 2020
Seed extension$587K · 2021
Seed extension$587K · 2021
Seed extension$238K · 2023
Bridge · Seed-stage$160K · 2024smaller follow-on
Seed extension$160K · 2024
Bridge · Seed-stage$127K · 2024smaller follow-on
Seed extension$155K · 2025
Seed extension$105K · 2026

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$216K
Base estimate est.
$90K
Conservative case
$378K
Upside case
$527K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Seed · modeled $11.8M · 2012-03-152012Seed · modeled $5.5M · 2017-03-08Seed · modeled $2.6M · 2018-11-23Seed · modeled $772K · 2020-08-14Seed · modeled $612K · 2020-08-14Seed · modeled $2.8M · 2021-04-12Seed · modeled $2.7M · 2021-04-16Seed · modeled $779K · 2023-05-09Pre-Seed · modeled $396K · 2024-08-20Seed · modeled $420K · 2024-08-20Pre-Seed · modeled $315K · 2024-08-20Seed · modeled $365K · 2025-04-02Seed · modeled $216K · 2026-01-192026
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/yr upside case
0.5 yr
Elapsed time used
0.5 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$377K/yr
Capital velocity
14.3 yr
On record since
2012
First round
13
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.3× above median
This company$5.2M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$105K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$216K
Sector median$2.5M

Raised more than 72% of sector peers (real $). Modeled value above 5% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #77 of 77.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Blue Gold Ltd · Seed Raised $3.8M · modeled $8.4M (est)Sierra Madre Gold & Silver Ltd. · Seed Raised $4.0M · modeled $8.1M (est)Metal Powder Works Ltd · Seed Raised $3.2M · modeled $7.7M (est)Western Exploration Inc. · Seed Raised $4.3M · modeled $7.5M (est)Mayfair Gold Corp. · Seed Raised $16.2M · modeled $7.3M (est)Great Pacific Gold Corp. · Seed Raised $3.4M · modeled $6.8M (est)Cuprum Metals Inc. · Seed Raised $2.8M · modeled $6.7M (est)Lavras Gold Corp. · Seed Raised $2.6M · modeled $6.2M (est)B & N Mining, Inc. · Seed Raised $3.0M · modeled $6.1M (est)Pirate Gold Corp. · Seed Raised $2.8M · modeled $6.1M (est)West Red Lake Gold Mines Ltd. · Seed Raised $12.9M · modeled $5.8M (est)Thunder Mountain Gold Inc · Seed Raised $4.9M · modeled $5.3M (est)Abacus Mining & Exploration Corp (this company) Raised $5.2M · modeled $216K (est)Abacus Mining & Exploration Corp
CompanyStageRaised · realValue · estvs peer med.
Blue Gold LtdSeed$3.8M$8.4M3.03×
Sierra Madre Gold & Silver Ltd.Seed$4.0M$8.1M2.94×
Metal Powder Works LtdSeed$3.2M$7.7M2.78×
Western Exploration Inc.Seed$4.3M$7.5M2.72×
Mayfair Gold Corp.Seed$16.2M$7.3M2.64×
Great Pacific Gold Corp.Seed$3.4M$6.8M2.47×
Cuprum Metals Inc.Seed$2.8M$6.7M2.44×
Lavras Gold Corp.Seed$2.6M$6.2M2.25×
B & N Mining, Inc.Seed$3.0M$6.1M2.22×
Pirate Gold Corp.Seed$2.8M$6.1M2.20×
West Red Lake Gold Mines Ltd.Seed$12.9M$5.8M2.12×
Thunder Mountain Gold IncSeed$4.9M$5.3M1.94×
Abacus Mining & Exploration Corp this companySeed$5.2M$216K0.08×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.2M2012-03-15$11.0M$11.8M85%
Seed$1.0M2017-03-08$5.1M$5.5M90%
Seed$487K2018-11-23$2.4M$2.6M90%
Seed$147K2020-08-14$735K$772K90%
Seed$116K2020-08-14$582K$612K90%
Seed$587K2021-04-12$2.9M$2.8M90%
Seed$587K2021-04-16$2.9M$2.7M90%
Seed$238K2023-05-09$1.2M$779K90%
Pre-Seed$160K2024-08-20$890K$396K90%
Seed$160K2024-08-20$801K$420K90%
Pre-Seed$127K2024-08-20$707K$315K90%
Seed$155K2025-04-02$775K$365K90%
Seed$105K2026-01-19$527K$216K90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.2M2012-03-15
    • First recorded raise — entered as Seed.
    • 72 investors on this round.
  2. Seed$1.0M2017-03-08
    • Raised again after 60 mo — slower than the ~11 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 27 investors on this round.
  3. Seed$487K2018-11-23
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 24 investors on this round.
  4. Seed$147K2020-08-14
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  5. Seed$116K2020-08-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  6. Seed$587K2021-04-12
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • 20 investors on this round.
  7. Seed$587K2021-04-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 20 investors on this round.
  8. Seed$238K2023-05-09
    • Raised again after 25 mo — slower than the ~11 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  9. Pre-Seed$160K2024-08-20
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  10. Seed$160K2024-08-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  11. Pre-Seed$127K2024-08-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  12. Seed$155K2025-04-02
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  13. Seed$105K2026-01-19
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~14mo cadence
$105K
Modeled next size est.range $105K$169K
0.7×
Last step-up
$377K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Paul Anderson4 other2018-11
John McConnell3 other2017-03
Kerry Spong3 other2017-03
Jeannine Webb2 other2017-03
James D. Excell1 other2012-03
MICHAEL MCINNIS1 other2017-03
Paul G. Anderson1 other2023-05
Andrew D. Pooler2012-03
Ian M. MacNeily2012-03
Jeannine G. Webb2023-05
Kerry G. Spong2023-05
Louis M. Montpellier2012-03
Michael G. McInnis2024-08
Michael M. McInnis2012-03
Niina G. Makela2024-08
Sean Harvey2017-03
Thomas G. McKeever2024-08
Tom G. McKeever2023-05
Tom McKeever2017-03
Tom M. McKeever2012-03
Victor M. Lazarovici2012-03
Registry & provenance

Abacus Mining & Exploration Corp is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1284237
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Sierra Madre Gold & Silver Ltd.Mining & ResourcesSeed$4.0M$8.1Mnetwork1 shared operator · same sector · same stage
Lahontan Gold Corp.Mining & ResourcesSeed$3.6M$3.0Mnetwork1 shared operator · same sector · same stage
Heliostar Metals Ltd.Mining & ResourcesSeed$9.0M$7.4Mnetwork1 shared operator · same sector · same stage
Ethos Gold Corp.Mining & ResourcesSeed$5.2M$2.9Msame sector · same stage
Impact Silver Corp.Mining & ResourcesSeed$5.1M$1.0Msame sector · same stage
I-Minerals IncMining & ResourcesSeed$5.1M$577Ksame sector · same stage
Viva Gold Corp.Mining & ResourcesSeed$4.9M$2.1Msame sector · same stage
NexGold Mining Corp.Mining & ResourcesSeed$5.5M$3.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Orosur Mining Inc.Mining & ResourcesPre-Seed$339K84%
Apex Mining, LLCMining & ResourcesPre-Seed$5.5M84%
Goldrich Mining CoMining & ResourcesSeed$648K82%
Arras Minerals Corp.Mining & ResourcesSeed$3.7M82%
Gatling Exploration Inc.Mining & ResourcesPre-Seed$1.5M82%
American Pacific Mining CorpMining & ResourcesSeed$10.1M81%
Aztec Minerals Corp.Mining & ResourcesPre-Seed$1.2M81%
Trimetals Mining Inc.Mining & ResourcesPre-Seed$893K81%
Frequently asked
How much funding has Abacus Mining & Exploration Corp raised?
Abacus Mining & Exploration Corp has raised approximately $5.2M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Abacus Mining & Exploration Corp's estimated valuation?
Provath's modeled valuation for Abacus Mining & Exploration Corp is approximately $216K (modeled range $90K–$378K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Abacus Mining & Exploration Corp at?
Abacus Mining & Exploration Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Jan 19.
What does Abacus Mining & Exploration Corp do and where is it based?
Abacus Mining & Exploration Corp operates in the Mining & Resources sector, based in Vancouver.
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