Companies · Mining & Resources

Applied Minerals, Inc.

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

Diligence memoA one-page analyst read on Applied Minerals, Inc. — recommendation, valuation, rhythm, risks.
$19.5M
Total raised · real
3
Rounds
0.1×
Latest step-up
Top 12%
Sector rank · raised
Series A
Latest stage · inferred · Mon May 29 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Applied Minerals, Inc. looks under-valued against its niche peers and is dormant 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 2016–2018 (15 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
Dormant
  • Last raise 9.1 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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

Applied Minerals, Inc. is one of 701 Mining & Resources companies tracked from Brooklyn. By capital raised it ranks in the upper tier (ahead of 89% 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
7
Investors (latest)
2017-05-29
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$25M$50M$75M$100MSeries A · 2008-12-30 Raised $6.0M (real) Modeled valuation $26M (est)$6.0M$26MSeries A2008Series A · 2014-11-04 Raised $13M (real) Modeled valuation $55M (est)$13M$55MSeries A2014Series A · 2017-05-29 Raised $910K (real) Modeled valuation $4.0M (est)$910K$4.0MSeries A2017+$13M+$910KCumulative $19M

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
Series A$6.0M · 2008
Series A extension$12.5M · 2014
Series A extension$910K · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$4.0M
Base estimate est.
$1.2M
Conservative case
$21.6M
Upside case
$4.1M
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.

Series A · modeled $26.4M · 2008-12-302008Series A · modeled $54.6M · 2014-11-04Series A · modeled $4.0M · 2017-05-292017
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
6.0 yr
Elapsed time used
9.1 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
50 mo
Avg between rounds
$2.3M/yr
Capital velocity
17.5 yr
On record since
2008
First round
3
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) 8.5× above median
This company$19.5M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$910K
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 1.6× above median
This company$4.0M
Sector median$2.5M

Raised more than 89% of sector peers (real $). Modeled value above 61% 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 #12 of 15.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Orca Gold Inc. · Series A Raised $12.1M · modeled $51.2M (est)Mines.Io Inc. · Series A Raised $10.4M · modeled $32.2M (est)Pershing Gold Corp. · Series A Raised $60.1M · modeled $28.6M (est)Halo Exploration Ltd. · Series A Raised $5.7M · modeled $25.0M (est)Ocean Minerals, LLC · Series A Raised $5.0M · modeled $21.9M (est)El Capitan Precious Metals Inc · Series A Raised $6.9M · modeled $21.9M (est)Gold Standard Ventures Corp. · Series A Raised $14.7M · modeled $21.2M (est)Almadex Minerals Ltd · Series A Raised $4.7M · modeled $20.5M (est)Equinox Gold Corp. · Series A Raised $4.6M · modeled $19.9M (est)Liberty Star Uranium & Metals Corp. · Series A Raised $13.2M · modeled $18.9M (est)Eco Oro Minerals Corp. · Series A Raised $24.5M · modeled $10.3M (est)Applied Minerals, Inc. (this company) Raised $19.5M · modeled $4.0M (est)Applied Minerals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Orca Gold Inc.Series A$12.1M$51.2M2.49×
Mines.Io Inc.Series A$10.4M$32.2M1.57×
Pershing Gold Corp.Series A$60.1M$28.6M1.39×
Halo Exploration Ltd.Series A$5.7M$25.0M1.22×
Ocean Minerals, LLCSeries A$5.0M$21.9M1.06×
El Capitan Precious Metals IncSeries A$6.9M$21.9M1.06×
Gold Standard Ventures Corp.Series A$14.7M$21.2M1.03×
Almadex Minerals LtdSeries A$4.7M$20.5M1.00×
Equinox Gold Corp.Series A$4.6M$19.9M0.97×
Liberty Star Uranium & Metals Corp.Series A$13.2M$18.9M0.92×
Eco Oro Minerals Corp.Series A$24.5M$10.3M0.50×
Applied Minerals, Inc. this companySeries A$19.5M$4.0M0.19×
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.
Series A$6.0M2008-12-30$27.5M$26.4M85%
Series A$12.5M2014-11-04$56.8M$54.6M85%
Series A$910K2017-05-29$4.1M$4.0M90%
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. Series A$6.0M2008-12-30
    • First recorded raise — entered as Series A.
    • 22 investors on this round.
  2. Series A$12.5M2014-11-04
    • Raised again after 70 mo — slower than the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  3. Series A$910K2017-05-29
    • Raised again after 31 mo — slower than the ~11 mo sector norm.
    • Round 13.7× smaller than the prior — bridge or down round.
    • Revenue band moved $0–$1M → $1M–$5M.
    • 7 investors on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~50mo cadence
$910K
Modeled next size est.range $910K$1.5M
0.1×
Last step-up
$2.3M/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
John Levy9 other2008-12
Ali Zamani2 other2017-05
David Taft2 other2017-05
Christopher Carney1 other2008-12
Morris D Weiss1 other2008-12
Andre Zeitoun2008-12
David A. Taft2008-12
Evan D. Stone2008-12
Mario Concha2017-05
Robert Betz2017-05
William Gleeson2017-05
Registry & provenance

Applied Minerals, Inc. 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
8328
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
GoviEx Uranium Inc.Mining & ResourcesSeries A$18.9M$968Ksame sector · same stage
Western Uranium & Vanadium Corp.Mining & ResourcesSeries A$20.5M$3.0Msame sector · same stage
Japan Gold Corp.Mining & ResourcesSeries A$20.6M$2.6Msame sector · same stage
RTG Mining Inc.Mining & ResourcesSeries A$18.3M$6.1Msame sector · same stage
Golden Minerals CoMining & ResourcesSeries A$21.3M$6.7Msame sector · same stage
Guanajuato Silver Co LtdMining & ResourcesSeries A$16.0M$3.1Msame sector · same stage
Excelsior Mining Corp.Mining & ResourcesSeries A$15.1M$678Ksame sector · same stage
Bravo Mining Corp.Mining & ResourcesSeries A$14.8M$4.5Msame 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
I-Minerals IncMining & ResourcesSeed$577K87%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M86%
MINERALRITE CorpMining & ResourcesSeries D+$1.1B85%
Orex Minerals IncMining & ResourcesSeed$1.6M85%
Metalite Resources Inc.OtherPre-Seed$5.6M84%
NGEx Minerals Ltd.Mining & ResourcesSeries B$85.2M84%
Aztec Minerals Corp.Mining & ResourcesPre-Seed$1.2M84%
E M Mining, Inc.Mining & ResourcesPre-Seed$4.0M84%
Frequently asked
How much funding has Applied Minerals, Inc. raised?
Applied Minerals, Inc. has raised approximately $19.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Applied Minerals, Inc.'s estimated valuation?
Provath's modeled valuation for Applied Minerals, Inc. is approximately $4.0M (modeled range $1.2M–$21.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Applied Minerals, Inc. at?
Applied Minerals, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon May 29.
What does Applied Minerals, Inc. do and where is it based?
Applied Minerals, Inc. operates in the Mining & Resources sector, based in Brooklyn.
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