Companies · Mining & Resources

Aztec Minerals Corp.

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

Diligence memoA one-page analyst read on Aztec Minerals Corp. — recommendation, valuation, rhythm, risks.
$3.1M
Total raised · real
8
Rounds
1.3×
Latest step-up
Top 41%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Oct 16 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Aztec Minerals Corp. looks over-valued against its niche peers and is active 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.

Over-valued
  • Modeled value is 2.02× the median modeled value of Pre-Seed Mining & Resources companies in 2025–2027 (85 peers) — value vs value, same stage and era.
Active
  • Last raise 9 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Aztec Minerals Corp. is one of 701 Mining & Resources companies tracked from Vancouver. By capital raised it ranks mid-pack (ahead of 60% 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
1
Investors (latest)
2025-10-16
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2017-05-02 Raised $712K (real) Modeled valuation $4.8M (est)Pre-Seed2017Pre-Seed · 2017-05-02 Raised $712K (real) Modeled valuation $4.8M (est)Pre-Seed2017Pre-Seed · 2020-07-13 Raised $123K (real) Modeled valuation $813K (est)Pre-Seed2020Pre-Seed · 2021-11-18 Raised $481K (real) Modeled valuation $2.3M (est)Pre-Seed2021Pre-Seed · 2022-06-06 Raised $275K (real) Modeled valuation $1.2M (est)Pre-Seed2022Pre-Seed · 2023-08-29 Raised $126K (real) Modeled valuation $396K (est)Pre-Seed2023Pre-Seed · 2024-07-26 Raised $260K (real) Modeled valuation $655K (est)Pre-Seed2024Pre-Seed · 2025-05-13 Raised $493K (real) Modeled valuation $1.0M (est)Pre-Seed2025Pre-Seed · 2025-10-16 Raised $664K (real) Modeled valuation $1.2M (est)Pre-Seed2025+$712K+$123K+$481K+$275K+$126K+$260K+$493K+$664KCumulative $3.8M

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$712K · 2017
Pre-Seed extension$712K · 2017
Pre-Seed extension$123K · 2020
Pre-Seed extension$481K · 2021
Pre-Seed extension$275K · 2022
Pre-Seed extension$126K · 2023
Pre-Seed extension$260K · 2024
Pre-Seed extension$493K · 2025
Pre-Seed extension$664K · 2025

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

Modeled valuation trajectory
$1.2M
Base estimate est.
$421K
Conservative case
$2.8M
Upside case
$3.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.8M · 2017-05-022017Pre-Seed · modeled $4.8M · 2017-05-02Pre-Seed · modeled $813K · 2020-07-13Pre-Seed · modeled $2.3M · 2021-11-18Pre-Seed · modeled $1.2M · 2022-06-06Pre-Seed · modeled $396K · 2023-08-29Pre-Seed · modeled $655K · 2024-07-26Pre-Seed · modeled $1.0M · 2025-05-13Pre-Seed · modeled $1.2M · 2025-10-162025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.27×/yr
Annual markup
1.72×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$371K/yr
Capital velocity
9.2 yr
On record since
2017
First round
9
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) 1.4× above median
This company$3.1M
Sector median$2.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.4× above median
This company$664K
Sector median$271K
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$1.2M
Sector median$2.5M

Raised more than 60% of sector peers (real $). Modeled value above 38% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #13 of 85.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Silver Creek Investors, LLC /WI/ · Pre-Seed Raised $900K · modeled $2.0M (est)Viridian Metals Inc. · Pre-Seed Raised $919K · modeled $1.9M (est)Gold Candle Ltd. · Pre-Seed Raised $1.8M · modeled $1.9M (est)Argenta Silver Corp. · Pre-Seed Raised $931K · modeled $1.8M (est)Relevant Gold Corp. · Pre-Seed Raised $2.0M · modeled $1.8M (est)North Shore Uranium Ltd. · Pre-Seed Raised $1.3M · modeled $1.8M (est)Premier American Uranium Inc. · Pre-Seed Raised $952K · modeled $1.7M (est)ISS Mining 1, LLC · Pre-Seed Raised $898K · modeled $1.6M (est)Kingfisher Metals Corp. · Pre-Seed Raised $2.6M · modeled $1.6M (est)Yukon Metals Corp. · Pre-Seed Raised $707K · modeled $1.5M (est)Copper Giant Resources Corp. · Pre-Seed Raised $891K · modeled $1.4M (est)Sanu Gold Corp. · Pre-Seed Raised $694K · modeled $1.3M (est)Aztec Minerals Corp. (this company) Raised $3.1M · modeled $1.2M (est)Aztec Minerals Corp.
CompanyStageRaised · realValue · estvs peer med.
Silver Creek Investors, LLC /WI/Pre-Seed$900K$2.0M3.20×
Viridian Metals Inc.Pre-Seed$919K$1.9M3.10×
Gold Candle Ltd.Pre-Seed$1.8M$1.9M3.02×
Argenta Silver Corp.Pre-Seed$931K$1.8M2.95×
Relevant Gold Corp.Pre-Seed$2.0M$1.8M2.86×
North Shore Uranium Ltd.Pre-Seed$1.3M$1.8M2.85×
Premier American Uranium Inc.Pre-Seed$952K$1.7M2.69×
ISS Mining 1, LLCPre-Seed$898K$1.6M2.65×
Kingfisher Metals Corp.Pre-Seed$2.6M$1.6M2.62×
Yukon Metals Corp.Pre-Seed$707K$1.5M2.43×
Copper Giant Resources Corp.Pre-Seed$891K$1.4M2.25×
Sanu Gold Corp.Pre-Seed$694K$1.3M2.04×
Aztec Minerals Corp. this companyPre-Seed$3.1M$1.2M2.02×
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$712K2017-05-02$4.0M$4.8M90%
Pre-Seed$712K2017-05-02$4.0M$4.8M90%
Pre-Seed$123K2020-07-13$682K$813K90%
Pre-Seed$481K2021-11-18$2.7M$2.3M90%
Pre-Seed$275K2022-06-06$1.5M$1.2M90%
Pre-Seed$126K2023-08-29$703K$396K90%
Pre-Seed$260K2024-07-26$1.4M$655K90%
Pre-Seed$493K2025-05-13$2.7M$1.0M90%
Pre-Seed$664K2025-10-16$3.7M$1.2M90%
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$712K2017-05-02
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Pre-Seed$712K2017-05-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  3. Pre-Seed$123K2020-07-13
    • Raised again after 38 mo — slower than the ~11 mo sector norm.
    • Round 5.8× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  4. Pre-Seed$481K2021-11-18
    • Raised again after 16 mo — slower than the ~11 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • 6 investors on this round.
  5. Pre-Seed$275K2022-06-06
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  6. Pre-Seed$126K2023-08-29
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  7. Pre-Seed$260K2024-07-26
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 1 investor on this round.
  8. Pre-Seed$493K2025-05-13
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 7 investors on this round.
  9. Pre-Seed$664K2025-10-16
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~13mo cadence
$895K
Modeled next size est.range $664K$1.4M
1.3×
Last step-up
$371K/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
Blaine Bailey5 other2024-07
Bradford Cooke3 other2017-05
Simon Dyakowski2 other2021-11
Patricio Varas1 other2017-05
Philip Yee1 other2017-05
Allen David David2025-10
Allen David Heyl2023-08
Allen David V. Heyl2021-11
Blaine David Bailey2025-05
Jim David Schilling2025-05
Jim Schilling2017-05
Joseph Wilkins2017-05
Mark David Rebagliati2024-07
Mark Rebagliati2017-05
Patricio David Varas2025-05
Stewart David Lockwood2025-05
Stewart Lockwood2017-05
Registry & provenance

Aztec Minerals 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
1706404
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
Canarc Resource CorpOtherPre-Seed$2.6M$3.2Mnetwork2 shared operators · same stage
Idex Metals Corp.Mining & ResourcesPre-Seed$689K$354Knetwork1 shared operator · same sector · same stage
Galway Metals Inc.Mining & ResourcesPre-Seed$3.0M$703Ksame sector · same stage
Nevada Exploration IncMining & ResourcesPre-Seed$2.9M$551Ksame sector · same stage
Velocity Minerals Ltd.Mining & ResourcesSeed$2.3M$498Knetwork1 shared operator · same sector
NV Gold CorpMining & ResourcesPre-Seed$3.4M$698Ksame sector · same stage
Apogee Minerals Ltd.Mining & ResourcesPre-Seed$154K$796Knetwork1 shared operator · same sector · same stage
Fitzroy Minerals Inc.Mining & ResourcesPre-Seed$2.8M$772Ksame 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
Mexican Gold Corp.Mining & ResourcesPre-Seed$601K91%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M89%
Cordoba Minerals Corp.Mining & ResourcesSeries A$33.5M88%
Cerro Mining Corp.Mining & ResourcesSeries A$23.5M87%
Copaur Minerals Inc.Mining & ResourcesSeed$4.9M86%
MINERALRITE CorpMining & ResourcesSeries D+$1.1B85%
Transition Metals Corp.Mining & ResourcesSeed$4.9M85%
Orex Minerals IncMining & ResourcesSeed$1.6M85%
Frequently asked
How much funding has Aztec Minerals Corp. raised?
Aztec Minerals Corp. has raised approximately $3.1M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Aztec Minerals Corp.'s estimated valuation?
Provath's modeled valuation for Aztec Minerals Corp. is approximately $1.2M (modeled range $421K–$2.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aztec Minerals Corp. at?
Aztec Minerals Corp.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Oct 16.
What does Aztec Minerals Corp. do and where is it based?
Aztec Minerals Corp. operates in the Mining & Resources sector, based in Vancouver.
Explore related

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