Companies · Mining & Resources

ADVENTUS MINING Corp

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

Diligence memoA one-page analyst read on ADVENTUS MINING Corp — recommendation, valuation, rhythm, risks.
$11.5M
Total raised · real
6
Rounds
0.4×
Latest step-up
Top 18%
Sector rank · raised
Series A
Latest stage · inferred · Fri Dec 08 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

ADVENTUS MINING Corp looks under-valued against its niche peers and is at-risk 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 0.19× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.6 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

ADVENTUS MINING Corp is one of 701 Mining & Resources companies tracked from TORONTO. By capital raised it ranks in the upper tier (ahead of 83% of sector peers), and mid-pack 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
1
Investors (latest)
2023-12-08
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$13M$25M$38M$50MSeed · 2016-12-16 Raised $2.0M (real) Modeled valuation $11M (est)$2.0M$11MSeed2016Seed · 2019-05-22 Raised $1.0M (real) Modeled valuation $5.4M (est)$1.0M$5.4MSeed2019Series A · 2019-08-07 Raised $7.0M (real) Modeled valuation $31M (est)$7.0M$31MSeries A2019Series A · 2020-08-14 Raised $815K (real) Modeled valuation $3.5M (est)$815K$3.5MSeries A2020Series A · 2023-12-08 Raised $504K (real) Modeled valuation $1.6M (est)$504K$1.6MSeries A2023Series A · 2023-12-08 Raised $212K (real) Modeled valuation $652K (est)$212K$652KSeries A2023+$1.0M+$7.0M+$815K+$504K+$212KCumulative $12M

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$2.0M · 2016
Seed extension$1.0M · 2019
Series A$7.0M · 2019
Series A extension$815K · 2020
Series A extension$504K · 2023
Series A extension$212K · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$1.6M
Base estimate est.
$653K
Conservative case
$3.8M
Upside case
$2.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Seed · modeled $10.7M · 2016-12-162016Seed · modeled $5.4M · 2019-05-22Series A · modeled $30.6M · 2019-08-07Series A · modeled $3.5M · 2020-08-14Series A · modeled $1.6M · 2023-12-08Series A · modeled $652K · 2023-12-082023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
2.6 yr
Elapsed time used
2.6 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$1.7M/yr
Capital velocity
9.5 yr
On record since
2016
First round
6
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) 5.0× above median
This company$11.5M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$212K
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$1.6M
Sector median$2.5M

Raised more than 83% of sector peers (real $). Modeled value above 42% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #31 of 40.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)360 Mining, Inc. · Series A Raised $12.8M · modeled $43.7M (est)Arizona Sonoran Copper Co Inc. · Series A Raised $11.1M · modeled $35.5M (est)Reunion Gold Corp · Series A Raised $19.8M · modeled $34.8M (est)American Strategic Metals Corp. · Series A Raised $11.4M · modeled $34.4M (est)MERIT Mining Ohio, LLC · Series A Raised $10.0M · modeled $33.9M (est)Northern Dynasty Minerals Ltd · Series A Raised $23.2M · modeled $31.0M (est)Monetary Metals Bond II, LLC · Series A Raised $8.5M · modeled $29.2M (est)Liberty Gold Corp. /CAN · Series A Raised $10.5M · modeled $27.1M (est)Silver Tiger Metals Inc. · Series A Raised $7.6M · modeled $25.1M (est)Filo Mining Corp. · Series A Raised $7.5M · modeled $24.2M (est)Allied Gold Corp · Series A Raised $6.9M · modeled $21.8M (est)Contango ORE, Inc. · Series A Raised $5.7M · modeled $19.3M (est)ADVENTUS MINING Corp (this company) Raised $11.5M · modeled $1.6M (est)ADVENTUS MINING Corp
CompanyStageRaised · realValue · estvs peer med.
360 Mining, Inc.Series A$12.8M$43.7M5.25×
Arizona Sonoran Copper Co Inc.Series A$11.1M$35.5M4.28×
Reunion Gold CorpSeries A$19.8M$34.8M4.19×
American Strategic Metals Corp.Series A$11.4M$34.4M4.14×
MERIT Mining Ohio, LLCSeries A$10.0M$33.9M4.08×
Northern Dynasty Minerals LtdSeries A$23.2M$31.0M3.73×
Monetary Metals Bond II, LLCSeries A$8.5M$29.2M3.52×
Liberty Gold Corp. /CANSeries A$10.5M$27.1M3.26×
Silver Tiger Metals Inc.Series A$7.6M$25.1M3.02×
Filo Mining Corp.Series A$7.5M$24.2M2.91×
Allied Gold CorpSeries A$6.9M$21.8M2.62×
Contango ORE, Inc.Series A$5.7M$19.3M2.33×
ADVENTUS MINING Corp this companySeries A$11.5M$1.6M0.19×
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$2.0M2016-12-16$10.0M$10.7M90%
Seed$1.0M2019-05-22$5.0M$5.4M90%
Series A$7.0M2019-08-07$31.8M$30.6M90%
Series A$815K2020-08-14$3.7M$3.5M90%
Series A$504K2023-12-08$2.3M$1.6M90%
Series A$212K2023-12-08$962K$652K90%
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$2.0M2016-12-16
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Seed$1.0M2019-05-22
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$7.0M2019-08-07
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 7.0× larger than the prior — scaling up.
    • 19 investors on this round.
  4. Series A$815K2020-08-14
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 8.6× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Series A$504K2023-12-08
    • Raised again after 40 mo — slower than the ~11 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  6. Series A$212K2023-12-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~17mo cadence
$212K
Modeled next size est.range $212K$339K
0.4×
Last step-up
$1.7M/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 SWEENEY8 other2019-05
Mark Wellings3 other2016-12
Sally Eyre3 other2016-12
Stephen Williams3 other2023-12
Christian Kargl-Simard2 other2016-12
Michael Haworth2 other2016-12
Ben Lewis1 other2016-12
Frances Kwong1 other2019-05
Leif Nilsson1 other2023-12
Barry Murphy2019-05
BRIAN DALTON2016-12
Chad Wells2016-12
David Schettini2023-12
Karina Rogers2023-12
Nelson Yanes2023-12
ROBERTO DUNN2019-08
Registry & provenance

ADVENTUS MINING 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
1693824
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
Blue Moon Metals Inc.Mining & ResourcesSeries A$5.5M$15.1Mnetwork2 shared operators · same sector · same stage
Excelsior Mining Corp.Mining & ResourcesSeries A$15.1M$677Knetwork1 shared operator · same sector · same stage
Japan Gold Corp.Mining & ResourcesSeries A$20.6M$2.6Mnetwork1 shared operator · same sector · same stage
Surge Copper CorpMining & ResourcesPre-Seed$109K$215Knetwork2 shared operators · same sector
Gold Express Mines, Inc.Mining & ResourcesSeries A$11.4M$2.0Msame sector · same stage
Goldsource Mines Inc.Mining & ResourcesSeries A$11.7M$869Ksame sector · same stage
Silver Bull Resources, Inc.Mining & ResourcesSeries A$11.9M$397Ksame sector · same stage
Fortius Metals, Inc.Mining & ResourcesSeries A$11.0M$1.5Msame 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
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M84%
Fortius Metals, Inc.Mining & ResourcesSeries A$1.5M84%
Latin Metals Inc.Mining & ResourcesPre-Seed$855K84%
Alpha Mining, Inc.Mining & ResourcesSeries A$21.9M83%
E M Mining, Inc.Mining & ResourcesPre-Seed$4.0M83%
Emperor Metals Inc.Mining & ResourcesPre-Seed$935K83%
Fredonia Mining Inc.Mining & ResourcesSeed$5.0M83%
GS Mining Co LLCMining & ResourcesSeries B$96.0M83%
Frequently asked
How much funding has ADVENTUS MINING Corp raised?
ADVENTUS MINING Corp has raised approximately $11.5M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is ADVENTUS MINING Corp's estimated valuation?
Provath's modeled valuation for ADVENTUS MINING Corp is approximately $1.6M (modeled range $653K–$3.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ADVENTUS MINING Corp at?
ADVENTUS MINING Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Dec 08.
What does ADVENTUS MINING Corp do and where is it based?
ADVENTUS MINING Corp operates in the Mining & Resources sector, based in TORONTO.
Explore related

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