Diligence memo · auto-generated · as of July 3, 2026
Arizona Silver Exploration Inc.
Arizona Silver Exploration Inc. looks over-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Arizona Silver Exploration Inc. operates in Mining & Resources, based in VANCOUVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Arizona Silver Exploration Inc. has raised $8.7M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $6.2M on 2024-09-25.
Most recent recorded round closed around 2024-10-04.
Valuation (modeled)modeled
Provath models Arizona Silver Exploration Inc. at approximately $18M (range $8.1M–$36M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.13× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era. Issuer reports no revenue, yet is modeled well above niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 21 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 79% of Mining & Resources peers (701 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: 360 Mining, Inc., Arizona Sonoran Copper Co Inc., Reunion Gold Corp, American Strategic Metals Corp., MERIT Mining Ohio, LLC.
Peoplefiled
18 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.