Companies · Mining & Resources

B & N Mining Properties, LLC

INDIAN WELLS · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on B & N Mining Properties, LLC — recommendation, valuation, rhythm, risks.
$4.1M
Total raised · real
2
Rounds
1.5×
Latest step-up
Top 35%
Sector rank · raised
Seed
Latest stage · inferred · Tue Jan 20 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

B & N Mining Properties, LLC 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 1.86× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 5 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

B & N Mining Properties, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
3.0 yr record
Peak capital year was 2026 with $2.5M across 1 filings.
Market position
ahead of 66% of Mining & Resources peers
Capital scale is ahead of 66% of Mining & Resources peers; modeled value is above 68% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2026: $2.5M across 1 filings.
  • Largest single filing was $2.5M on 2026-01-20.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
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

B & N Mining Properties, LLC is one of 701 Mining & Resources companies tracked from INDIAN WELLS. By capital raised it ranks mid-pack (ahead of 66% 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
Rule 506(c)
Reg D exemption
2023
Year incorporated
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$10MSeed · 2023-07-05 Raised $1.6M (real) Modeled valuation $5.2M (est)$1.6M$5.2MSeed2023Seed · 2026-01-20 Raised $2.5M (real) Modeled valuation $5.1M (est)$2.5M$5.1MSeed2026+$2.5MCumulative $4.1M

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
Seed$1.6M · 2023
Seed extension$2.5M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$5.1M
Base estimate est.
$2.1M
Conservative case
$9.0M
Upside case
$12.5M
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.

Seed · modeled $5.2M · 2023-07-052023Seed · modeled $5.1M · 2026-01-202026
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
0.4 yr
Elapsed time used
0.4 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
31 mo
Avg between rounds
$1.6M/yr
Capital velocity
3.0 yr
On record since
2023
First round
2
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) 1.8× above median
This company$4.1M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.4× above median
This company$2.5M
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 2.0× above median
This company$5.1M
Sector median$2.5M

Raised more than 66% of sector peers (real $). Modeled value above 68% 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 #14 of 77.

This companyCohort peer
$1.0M$10.0M$1.0M$10.0M$100.0MCapital raised (log)Blue Gold Ltd · Seed Raised $3.8M · modeled $8.4M (est)Sierra Madre Gold & Silver Ltd. · Seed Raised $4.0M · modeled $8.1M (est)Metal Powder Works Ltd · Seed Raised $3.2M · modeled $7.7M (est)Western Exploration Inc. · Seed Raised $4.3M · modeled $7.5M (est)Mayfair Gold Corp. · Seed Raised $16.2M · modeled $7.3M (est)Great Pacific Gold Corp. · Seed Raised $3.4M · modeled $6.8M (est)Cuprum Metals Inc. · Seed Raised $2.8M · modeled $6.7M (est)Lavras Gold Corp. · Seed Raised $2.6M · modeled $6.2M (est)B & N Mining, Inc. · Seed Raised $3.0M · modeled $6.1M (est)Pirate Gold Corp. · Seed Raised $2.8M · modeled $6.1M (est)West Red Lake Gold Mines Ltd. · Seed Raised $12.9M · modeled $5.8M (est)Thunder Mountain Gold Inc · Seed Raised $4.9M · modeled $5.3M (est)B & N Mining Properties, LLC (this company) Raised $4.1M · modeled $5.1M (est)B & N Mining Properties, LLC
CompanyStageRaised · realValue · estvs peer med.
Blue Gold LtdSeed$3.8M$8.4M3.03×
Sierra Madre Gold & Silver Ltd.Seed$4.0M$8.1M2.94×
Metal Powder Works LtdSeed$3.2M$7.7M2.78×
Western Exploration Inc.Seed$4.3M$7.5M2.72×
Mayfair Gold Corp.Seed$16.2M$7.3M2.64×
Great Pacific Gold Corp.Seed$3.4M$6.8M2.47×
Cuprum Metals Inc.Seed$2.8M$6.7M2.44×
Lavras Gold Corp.Seed$2.6M$6.2M2.25×
B & N Mining, Inc.Seed$3.0M$6.1M2.22×
Pirate Gold Corp.Seed$2.8M$6.1M2.20×
West Red Lake Gold Mines Ltd.Seed$12.9M$5.8M2.12×
Thunder Mountain Gold IncSeed$4.9M$5.3M1.94×
B & N Mining Properties, LLC this companySeed$4.1M$5.1M1.86×
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.
Seed$1.6M2023-07-05$8.1M$5.2M90%
Seed$2.5M2026-01-20$12.5M$5.1M90%
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. Seed$1.6M2023-07-05
    • First recorded raise — entered as Seed.
    • 9 investors on this round.
  2. Seed$2.5M2026-01-20
    • Raised again after 31 mo — slower than the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
Intelligence
2028 ~Q3
Modeled next raise · ~31mo cadence
$3.9M
Modeled next size est.range $2.5M$6.2M
1.5×
Last step-up
$1.6M/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
Robert Binkele4 other2023-07
Ned Abdul2 other2023-07
Registry & provenance

B & N Mining Properties, LLC 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
1983268
SEC CIK
2023
Incorporated
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
B & N Mining, Inc.Mining & ResourcesSeed$3.0M$6.1Mnetwork2 shared operators · same sector · same stage
Kelly Mine Investment, LLCOtherSeed$4.2M$5.9Mnetwork2 shared operators · same stage
Star Gold Corp.Mining & ResourcesSeed$4.1M$5.8Msame sector · same stage
Sierra Madre Gold & Silver Ltd.Mining & ResourcesSeed$4.0M$8.1Msame sector · same stage
Silver Mountain Resources, Inc.Mining & ResourcesSeed$4.0M$1.4Msame sector · same stage
Copaur Minerals Inc.Mining & ResourcesSeed$4.0M$4.9Msame sector · same stage
Tier One Silver Inc.Mining & ResourcesSeed$4.3M$3.4Msame sector · same stage
Western Exploration Inc.Mining & ResourcesSeed$4.3M$7.5Msame 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
B & N Mining, Inc.Mining & ResourcesSeed$6.1M96%
Royal Mines & Minerals CorpMining & ResourcesSeed$644K85%
Blue Copper Resources Corp.Mining & ResourcesSeries A$13.2M85%
Northern Vertex Mining Corp.Mining & ResourcesSeed$7.8M85%
Newport Mining LLCMining & ResourcesSeed$11.6M84%
New Jersey Mining CoMining & ResourcesSeed$3.0M84%
GS Mining Co LLCMining & ResourcesSeries B$96.0M83%
Nevada King Mining Ltd.Mining & ResourcesSeed$1.3M83%
Frequently asked
How much funding has B & N Mining Properties, LLC raised?
B & N Mining Properties, LLC has raised approximately $4.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is B & N Mining Properties, LLC's estimated valuation?
Provath's modeled valuation for B & N Mining Properties, LLC is approximately $5.1M (modeled range $2.1M–$9.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is B & N Mining Properties, LLC at?
B & N Mining Properties, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Jan 20.
What does B & N Mining Properties, LLC do and where is it based?
B & N Mining Properties, LLC operates in the Mining & Resources sector, based in INDIAN WELLS.
Explore related

See where B & N Mining Properties, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at B & N Mining Properties, LLC, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.