Companies · Mining & Resources

Aftermath Silver Ltd.

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

Diligence memoA one-page analyst read on Aftermath Silver Ltd. — recommendation, valuation, rhythm, risks.
$2.4M
Total raised · real
4
Rounds
2.3×
Latest step-up
Top 48%
Sector rank · raised
Seed
Latest stage · inferred · Wed May 03 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Aftermath Silver Ltd. 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 0.23× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.2 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

Aftermath Silver Ltd. is one of 701 Mining & Resources companies tracked from Vancouver. By capital raised it ranks mid-pack (ahead of 53% 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
11
Investors (latest)
2023-05-03
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$2.5M$5.0M$7.5M$10MPre-Seed · 2011-07-08 Raised $144K (real) Modeled valuation $964K (est)$144K$964KPre-Seed2011Seed · 2020-09-14 Raised $1.9M (real) Modeled valuation $9.7M (est)$1.9M$9.7MSeed2020Seed · 2022-11-21 Raised $108K (real) Modeled valuation $384K (est)$108K$384KSeed2022Seed · 2023-05-03 Raised $254K (real) Modeled valuation $834K (est)$254K$834KSeed2023+$1.9M+$108K+$254KCumulative $2.4M

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
Pre-Seed$144K · 2011
Seed$1.9M · 2020
Seed extension$108K · 2022
Seed extension$254K · 2023

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

Modeled valuation trajectory
$834K
Base estimate est.
$217K
Conservative case
$3.0M
Upside case
$1.3M
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.

Pre-Seed · modeled $964K · 2011-07-082011Seed · modeled $9.7M · 2020-09-14Seed · modeled $384K · 2022-11-21Seed · modeled $834K · 2023-05-032023
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
3.2 yr
Elapsed time used
3.2 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
47 mo
Avg between rounds
$201K/yr
Capital velocity
15.0 yr
On record since
2011
First round
4
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) 1.0× above median
This company$2.4M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$254K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$834K
Sector median$2.5M

Raised more than 53% of sector peers (real $). Modeled value above 28% 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 #52 of 63.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Medusa Mining Ltd · Seed Raised $3.8M · modeled $15.6M (est)HighGold Mining Inc. · Seed Raised $12.5M · modeled $13.2M (est)Modern Mining Technology Corp. · Seed Raised $3.3M · modeled $13.2M (est)Only Gold Development Ltd Liability Co · Seed Raised $3.5M · modeled $12.9M (est)Rex Gold Partners, LLC · Seed Raised $3.5M · modeled $12.7M (est)Cornish Metals Inc. · Seed Raised $3.2M · modeled $12.6M (est)Newport Mining LLC · Seed Raised $3.0M · modeled $11.6M (est)Quartz Lake Mining, Inc · Seed Raised $3.0M · modeled $10.0M (est)Transatlantic Gold, Corp. · Seed Raised $2.5M · modeled $9.5M (est)Military Metal Art HoldCo, LLC · Seed Raised $3.1M · modeled $8.8M (est)Snowline Gold Corp. · Seed Raised $3.1M · modeled $8.5M (est)Northern Vertex Mining Corp. · Seed Raised $2.8M · modeled $7.9M (est)Aftermath Silver Ltd. (this company) Raised $2.4M · modeled $834K (est)Aftermath Silver Ltd.
CompanyStageRaised · realValue · estvs peer med.
Medusa Mining LtdSeed$3.8M$15.6M4.35×
HighGold Mining Inc.Seed$12.5M$13.2M3.69×
Modern Mining Technology Corp.Seed$3.3M$13.2M3.68×
Only Gold Development Ltd Liability CoSeed$3.5M$12.9M3.59×
Rex Gold Partners, LLCSeed$3.5M$12.7M3.55×
Cornish Metals Inc.Seed$3.2M$12.6M3.51×
Newport Mining LLCSeed$3.0M$11.6M3.24×
Quartz Lake Mining, IncSeed$3.0M$10.0M2.79×
Transatlantic Gold, Corp.Seed$2.5M$9.5M2.65×
Military Metal Art HoldCo, LLCSeed$3.1M$8.8M2.45×
Snowline Gold Corp.Seed$3.1M$8.5M2.38×
Northern Vertex Mining Corp.Seed$2.8M$7.9M2.19×
Aftermath Silver Ltd. this companySeed$2.4M$834K0.23×
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.
Pre-Seed$144K2011-07-08$802K$964K85%
Seed$1.9M2020-09-14$9.4M$9.7M90%
Seed$108K2022-11-21$541K$384K90%
Seed$254K2023-05-03$1.3M$834K90%
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. Pre-Seed$144K2011-07-08
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Seed$1.9M2020-09-14
    • Raised again after 110 mo — slower than the ~11 mo sector norm.
    • Round 13.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 38 investors on this round.
  3. Seed$108K2022-11-21
    • Raised again after 26 mo — slower than the ~11 mo sector norm.
    • Round 17.3× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  4. Seed$254K2023-05-03
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 11 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~47mo cadence
$596K
Modeled next size est.range $387K$953K
2.3×
Last step-up
$201K/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
Michael Williams26 other2011-07
David Terry8 other2020-09
Adrian Fleming7 other2011-07
Ralph Rushton7 other2020-09
Aaron Keay3 other2011-07
Alastair H. Brownlow2020-09
Alistair H. Brownlow2023-05
Cale Moodie, CA2011-07
Jasmine Lau, CA2011-07
Jodie Gibson, M.SC2011-07
Keenan H. Hohol2020-09
Michael H. Parker2022-11
Parker H. Michael2023-05
Robert McLeod, P.Geo2011-07
Sheryl H. Dhillon2020-09
Terry H. Hohol2023-05
Registry & provenance

Aftermath Silver Ltd. 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
1526535
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
Silver X Mining Corp.Mining & ResourcesSeed$11.2M$4.4Mnetwork2 shared operators · same sector · same stage
StrikePoint Gold Inc.Mining & ResourcesSeed$2.5M$12.8Mnetwork1 shared operator · same sector · same stage
Comstock Metals Ltd.Mining & ResourcesSeed$2.0M$6.1Mnetwork1 shared operator · same sector · same stage
Blue Sky Uranium Corp.Mining & ResourcesPre-Seed$2.3M$2.5Mnetwork1 shared operator · same sector
Underworld Resources IncOtherSeed$1.0M$18.9Mnetwork2 shared operators · same stage
Borealis Mining Co LtdMining & ResourcesSeed$2.4M$2.1Msame sector · same stage
Silver Bow Mining Corp.Mining & ResourcesSeed$2.4M$2.6Msame sector · same stage
Guardian Metal Resources PLCMining & ResourcesSeed$2.4M$1.3Msame 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
Impact Silver Corp.Mining & ResourcesSeed$1.0M87%
Silver Storm Mining Ltd.Mining & ResourcesPre-Seed$211K84%
Defiance Silver Corp.Mining & ResourcesSeed$683K84%
Silver X Mining Corp.Mining & ResourcesSeed$4.4M83%
GR Silver Mining Ltd.Mining & ResourcesPre-Seed$453K82%
Silverco Mining Ltd.Mining & ResourcesSeries A$19.0M82%
Silver Heritage Group LtdMining & ResourcesPre-Seed$6.6M81%
Tier One Silver Inc.Mining & ResourcesSeed$3.4M81%
Frequently asked
How much funding has Aftermath Silver Ltd. raised?
Aftermath Silver Ltd. has raised approximately $2.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Aftermath Silver Ltd.'s estimated valuation?
Provath's modeled valuation for Aftermath Silver Ltd. is approximately $834K (modeled range $217K–$3.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aftermath Silver Ltd. at?
Aftermath Silver Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Wed May 03.
What does Aftermath Silver Ltd. do and where is it based?
Aftermath Silver Ltd. operates in the Mining & Resources sector, based in Vancouver.
Explore related

See where Aftermath Silver Ltd. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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