Companies · Mining & Resources

Calibre Mining Corp.

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

Diligence memoA one-page analyst read on Calibre Mining Corp. — recommendation, valuation, rhythm, risks.
$40.4M
Total raised · real
4
Rounds
0.6×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Thu Feb 15 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Calibre Mining Corp. 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 0.70× 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 (70% of peer median) for its niche.
At-risk
  • Last raise 2.4 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

Calibre Mining Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 95% 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
Rule 506(b)
Reg D exemption
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$50M$100M$150M$200MPre-Seed · 2009-07-16 Raised $809K (real) Modeled valuation $5.4M (est)$809K$5.4MPre-Seed2009Seed · 2018-10-30 Raised $1.3M (real) Modeled valuation $6.8M (est)$1.3M$6.8MSeed2018Series B · 2019-09-17 Raised $24M (real) Modeled valuation $116M (est)$24M$116MSeries B2019Series B · 2024-02-15 Raised $14M (real) Modeled valuation $57M (est)$14M$57MSeries B2024+$1.3M+$24M+$14MCumulative $40M

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$809K · 2009
Seed$1.3M · 2018
Series B$24.1M · 2019no Series A on file
Series B extension$14.2M · 2024

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
$57.2M
Base estimate est.
$33.7M
Conservative case
$109.9M
Upside case
$78.9M
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.

Pre-Seed · modeled $5.4M · 2009-07-162009Seed · modeled $6.8M · 2018-10-30Series B · modeled $115.9M · 2019-09-17Series B · modeled $57.2M · 2024-02-152024
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
2.4 yr
Elapsed time used
2.4 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
58 mo
Avg between rounds
$2.8M/yr
Capital velocity
17.0 yr
On record since
2009
First round
4
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) 18× above median
This company$40.4M
Sector median$2.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 2.2× above median
This company$14.2M
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 23× above median
This company$57.2M
Sector median$2.5M

Raised more than 95% of sector peers (real $). Modeled value above 94% 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 #9 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)Brazil Minerals, Inc. · Series B Raised $26.4M · modeled $81.6M (est)Valhalla Metals Inc. · Series B Raised $19.3M · modeled $78.2M (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)Calibre Mining Corp. (this company) Raised $40.4M · modeled $57.2M (est)Calibre Mining Corp.
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.Series B$26.4M$81.6M1.00×
Valhalla Metals Inc.Series B$19.3M$78.2M0.96×
Calibre Mining Corp. this companySeries 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.
Pre-Seed$809K2009-07-16$4.5M$5.4M85%
Seed$1.3M2018-10-30$6.4M$6.8M90%
Series B$24.1M2019-09-17$134.2M$115.9M90%
Series B$14.2M2024-02-15$78.9M$57.2M90%
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$809K2009-07-16
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$1.3M2018-10-30
    • Raised again after 111 mo — slower than the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  3. Series B$24.1M2019-09-17
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 19.0× larger than the prior — scaling up.
    • 12 investors on this round.
  4. Series B$14.2M2024-02-15
    • Raised again after 53 mo — slower than the ~11 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
Intelligence
2028 ~Q4
Modeled next raise · ~58mo cadence
$14.2M
Modeled next size est.range $14.2M$22.7M
0.6×
Last step-up
$2.8M/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 Brown21 other2009-07
John Reynolds5 other2009-07
John Macdonald4 other2009-07
Ryan King4 other2024-02
Douglas Forster3 other2009-07
Edward Farrauto3 other2024-02
Blayne Johnson2 other2009-07
Raymond Threlkeld2 other2024-02
Audra Walsh1 other2024-02
David Toyoda1 other2009-07
Matthew Manson1 other2024-02
Randall Chatwin1 other2024-02
Blayne P. Johnson2018-10
Darren Hall2024-02
David Splett2024-02
Douglas Hurst2024-02
Douglas P. Forster2018-10
Douglas P. Hurst2018-10
Edward Farrato2009-07
Edward P. Farrauto2018-10
George P. Salamis2018-10
Greg P. Smith2018-10
Hon. John P. Reynolds2018-10
Julie P. Lassonde2018-10
Registry & provenance

Calibre Mining 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
1280797
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
Newcore Gold Ltd.Mining & ResourcesSeed$1.5M$3.6Mnetwork4 shared operators · same sector
Edgewater Exploration Ltd.OtherPre-Seed$305K$7.1Mnetwork4 shared operators
MARATHON GOLD CorpMining & ResourcesSeries B$27.2M$92.4Mnetwork1 shared operator · same sector · same stage
MCC Mining CorpMining & ResourcesSeries B$41.1M$64.0Msame sector · same stage
Americas Gold & Silver CorpMining & ResourcesSeries B$41.2M$34.3Msame sector · same stage
Orezone Gold CorpMining & ResourcesSeries B$43.9M$10.5Msame sector · same stage
Coeur Mining, Inc.Mining & ResourcesSeries B$44.0M$100.5Msame sector · same stage
Premier Gold Mines LtdMining & ResourcesSeries B$37.1M$10.7Msame 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
Compass Mining, Inc.Mining & ResourcesSeed$8.2M85%
Apex Mining, LLCMining & ResourcesPre-Seed$5.5M85%
KORE Mining Ltd.Mining & ResourcesPre-Seed$2.3M85%
Dore Copper Mining Corp.Mining & ResourcesSeed$1.6M84%
Titan Mining CorpMining & ResourcesPre-Seed$2.5M84%
Hunt Mining CorpMining & ResourcesPre-Seed$1.6M83%
MCC Mining CorpMining & ResourcesSeries B$64.0M83%
Orestone Mining Corp.Mining & ResourcesPre-Seed$324K83%
Frequently asked
How much funding has Calibre Mining Corp. raised?
Calibre Mining Corp. has raised approximately $40.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Calibre Mining Corp.'s estimated valuation?
Provath's modeled valuation for Calibre Mining Corp. is approximately $57.2M (modeled range $33.7M–$109.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Calibre Mining Corp. at?
Calibre Mining Corp.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Feb 15.
What does Calibre Mining Corp. do and where is it based?
Calibre Mining Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where Calibre Mining Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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