Companies · Mining & Resources

Brazil Minerals, Inc.

BOCA RATON · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Brazil Minerals, Inc. — recommendation, valuation, rhythm, risks.
$26.4M
Total raised · real
5
Rounds
5.9×
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Tue Nov 07 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Brazil Minerals, Inc. looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 1.00× the median modeled value of Series B Mining & Resources companies in 2022–2024 (13 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
At-risk
  • Last raise 2.7 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Brazil Minerals, Inc. is one of 701 Mining & Resources companies tracked from BOCA RATON. By capital raised it ranks among the largest (ahead of 92% of sector peers), and among the largest 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2023-11-07
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$100MSeed · 2012-12-12 Raised $2.0M (real) Modeled valuation $11M (est)Seed2012Pre-Seed · 2018-02-25 Raised $130K (real) Modeled valuation $868K (est)Pre-Seed2018Seed · 2018-02-25 Raised $265K (real) Modeled valuation $1.4M (est)Seed2018Pre-Seed · 2018-02-25 Raised $125K (real) Modeled valuation $834K (est)Pre-Seed2018Seed · 2019-07-09 Raised $740K (real) Modeled valuation $4.0M (est)Seed2019Seed · 2019-09-19 Raised $3.4M (real) Modeled valuation $18M (est)Seed2019Series B · 2023-11-07 Raised $20M (real) Modeled valuation $82M (est)Series B2023+$130K+$265K+$125K+$740K+$3.4M+$20MCumulative $27M

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$2.0M · 2012
Bridge · Seed-stage$130K · 2018smaller follow-on
Seed extension$265K · 2018
Bridge · Seed-stage$125K · 2018smaller follow-on
Seed extension$740K · 2019
Seed extension$3.4M · 2019
Series B$20.0M · 2023no Series A on file

Stages are modeled from round size (public records carry no series label). No record for: Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$81.6M
Base estimate est.
$47.5M
Conservative case
$165.4M
Upside case
$111.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Seed · modeled $10.7M · 2012-12-122012Pre-Seed · modeled $868K · 2018-02-25Seed · modeled $1.4M · 2018-02-25Pre-Seed · modeled $834K · 2018-02-25Seed · modeled $4.0M · 2019-07-09Seed · modeled $18.1M · 2019-09-19Series B · modeled $81.6M · 2023-11-072023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.05×/yr
Annual markup
1.27×/yr upside case
2.6 yr
Elapsed time used
2.6 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$2.4M/yr
Capital velocity
13.6 yr
On record since
2012
First round
7
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) 11× above median
This company$26.4M
Sector median$2.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 3.2× above median
This company$20.0M
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 32× above median
This company$81.6M
Sector median$2.5M

Raised more than 92% of sector peers (real $). Modeled value above 95% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #7 of 13.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Sustainable Metals Solutions LLC · Series B Raised $31.8M · modeled $132.3M (est)Crystal Mountain Gold Mine, Llc · Series B Raised $30.0M · modeled $131.3M (est)Monetary Metals Bond III LLC · Series B Raised $30.6M · modeled $120.4M (est)Gold Royalty Corp. · Series B Raised $27.5M · modeled $118.8M (est)Coeur Mining, Inc. · Series B Raised $44.0M · modeled $100.5M (est)MARATHON GOLD Corp · Series B Raised $27.2M · modeled $92.4M (est)Valhalla Metals Inc. · Series B Raised $19.3M · modeled $78.2M (est)Calibre Mining Corp. · Series B Raised $40.4M · modeled $57.2M (est)Americas Gold & Silver Corp · Series B Raised $41.2M · modeled $34.3M (est)Orezone Gold Corp · Series B Raised $43.9M · modeled $10.5M (est)East Asia Minerals Corp · Series B Raised $8.4M · modeled $6.5M (est)Brazil Minerals, Inc. (this company) Raised $26.4M · modeled $81.6M (est)Brazil Minerals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Sustainable Metals Solutions LLCSeries B$31.8M$132.3M1.62×
Crystal Mountain Gold Mine, LlcSeries B$30.0M$131.3M1.61×
Monetary Metals Bond III LLCSeries B$30.6M$120.4M1.48×
Gold Royalty Corp.Series B$27.5M$118.8M1.46×
Coeur Mining, Inc.Series B$44.0M$100.5M1.23×
MARATHON GOLD CorpSeries B$27.2M$92.4M1.13×
Brazil Minerals, Inc. this companySeries B$26.4M$81.6M1.00×
Valhalla Metals Inc.Series B$19.3M$78.2M0.96×
Calibre Mining Corp.Series B$40.4M$57.2M0.70×
Americas Gold & Silver CorpSeries B$41.2M$34.3M0.42×
Orezone Gold CorpSeries B$43.9M$10.5M0.13×
East Asia Minerals CorpSeries B$8.4M$6.5M0.08×
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$2.0M2012-12-12$10.0M$10.7M85%
Pre-Seed$130K2018-02-25$722K$868K90%
Seed$265K2018-02-25$1.3M$1.4M90%
Pre-Seed$125K2018-02-25$694K$834K90%
Seed$740K2019-07-09$3.7M$4.0M90%
Seed$3.4M2019-09-19$16.8M$18.1M90%
Series B$20.0M2023-11-07$111.1M$81.6M90%
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$2.0M2012-12-12
    • First recorded raise — entered as Seed.
    • 35 investors on this round.
  2. Pre-Seed$130K2018-02-25
    • Raised again after 62 mo — slower than the ~11 mo sector norm.
    • Round 15.4× smaller than the prior — bridge or down round.
    • Revenue band moved No revenue → $0–$1M.
    • Switched to Rule 506(b) (was Rule 06).
    • 4 investors on this round.
  3. Seed$265K2018-02-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 5 investors on this round.
  4. Pre-Seed$125K2018-02-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Seed$740K2019-07-09
    • Raised again after 16 mo — slower than the ~11 mo sector norm.
    • Round 5.9× larger than the prior — scaling up.
    • 1 investor on this round.
  6. Seed$3.4M2019-09-19
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 4.6× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 27 investors on this round.
  7. Series B$20.0M2023-11-07
    • Raised again after 50 mo — slower than the ~11 mo sector norm.
    • Round 5.9× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → No revenue.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 1 investor on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~22mo cadence
$60.0M
Modeled next size est.range $39.0M$96.0M
5.9×
Last step-up
$2.4M/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
Marc Fogassa1 other2012-12
Areli Nogueira Da Silva Junior2019-07
Brian Bernier2019-07
Cassiopeia Olson2019-07
Gustavo Pereira De Aguiar2019-07
Joel De Paiva Monteiro2019-07
Roger Noriega2018-02
Stephen Petersen2019-07
Stephen R. Petersen2023-11
Volodymyr Nogueira Da Silva Myadzel2019-07
Registry & provenance

Brazil 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
1540684
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
GS Mining Co LLCMining & ResourcesSeries B$26.6M$96.0Msame sector · same stage
MARATHON GOLD CorpMining & ResourcesSeries B$27.2M$92.4Msame sector · same stage
Gold Royalty Corp.Mining & ResourcesSeries B$27.5M$118.8Msame sector · same stage
Western Alaska Minerals Corp.Mining & ResourcesSeries B$28.0M$4.6Msame sector · same stage
Critical Metals Corp.Mining & ResourcesSeries B$24.6M$94.3Msame sector · same stage
NGEx Minerals Ltd.Mining & ResourcesSeries B$23.9M$85.2Msame sector · same stage
Crystal Mountain Gold Mine, LlcMining & ResourcesSeries B$30.0M$131.3Msame sector · same stage
Rivers of Gold, Alaska Mining, Global TV Show, Global Merchandising LPMining & ResourcesSeries B$30.4M$145.9Msame 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
Brazil Resources Inc.OtherSeries A$73.7M92%
Plata Latina Minerals CorpMining & ResourcesPre-Seed$1.6M87%
Cerrado Gold Inc.Mining & ResourcesSeries A$16.4M87%
Latin Metals Inc.Mining & ResourcesPre-Seed$856K86%
Cerro Mining Corp.Mining & ResourcesSeries A$23.5M85%
Arras Minerals Corp.Mining & ResourcesSeed$3.7M85%
Orex Minerals IncMining & ResourcesSeed$1.6M84%
I-Minerals IncMining & ResourcesSeed$577K84%
Frequently asked
How much funding has Brazil Minerals, Inc. raised?
Brazil Minerals, Inc. has raised approximately $26.4M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Brazil Minerals, Inc.'s estimated valuation?
Provath's modeled valuation for Brazil Minerals, Inc. is approximately $81.6M (modeled range $47.5M–$165.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Brazil Minerals, Inc. at?
Brazil Minerals, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Nov 07.
What does Brazil Minerals, Inc. do and where is it based?
Brazil Minerals, Inc. operates in the Mining & Resources sector, based in BOCA RATON.
Explore related

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