Diligence memo · auto-generated · as of July 2, 2026
Applied Minerals, Inc.
Applied Minerals, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Applied Minerals, Inc. operates in Mining & Resources, based in Brooklyn.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Applied Minerals, Inc. has raised $19M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $13M on 2014-11-04.
Most recent recorded round closed around 2017-05-29.
Valuation (modeled)modeled
Provath models Applied Minerals, Inc. at approximately $4.0M (range $1.2M–$22M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 50 months.
Last raise 9.1 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 13.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 89% of Mining & Resources peers (701 compared).
Modeled value ranks above 61% of those peers.
Closest niche peers: Orca Gold Inc., Mines.Io Inc., Pershing Gold Corp., Halo Exploration Ltd., Ocean Minerals, LLC.
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.