Companies · Mining & Resources

Callinex Mines Inc.

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

Diligence memoA one-page analyst read on Callinex Mines Inc. — recommendation, valuation, rhythm, risks.
$4.5M
Total raised · real
5
Rounds
1.0×
Latest step-up
Top 33%
Sector rank · raised
Seed
Latest stage · inferred · Thu Dec 04 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Callinex Mines Inc. looks under-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.

Under-valued
  • Modeled value is 0.10× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 7 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

Callinex Mines Inc. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 68% 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
2
Investors (latest)
2025-12-04
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$5.0M$10M$15M$20MSeed · 2015-07-30 Raised $1.1M (real) Modeled valuation $5.9M (est)$1.1M$5.9MSeed2015Seed · 2016-11-22 Raised $2.5M (real) Modeled valuation $14M (est)$2.5M$14MSeed2016Seed · 2021-02-24 Raised $638K (real) Modeled valuation $3.1M (est)$638K$3.1MSeed2021Seed · 2022-04-21 Raised $120K (real) Modeled valuation $470K (est)$120K$470KSeed2022Seed · 2025-12-04 Raised $125K (real) Modeled valuation $263K (est)$125K$263KSeed2025+$2.5M+$638K+$120K+$125KCumulative $4.5M

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$1.1M · 2015
Seed extension$2.5M · 2016
Seed extension$638K · 2021
Seed extension$120K · 2022
Seed extension$125K · 2025

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
$263K
Base estimate est.
$107K
Conservative case
$477K
Upside case
$627K
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 $5.9M · 2015-07-302015Seed · modeled $13.7M · 2016-11-22Seed · modeled $3.1M · 2021-02-24Seed · modeled $470K · 2022-04-21Seed · modeled $263K · 2025-12-042025
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
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
31 mo
Avg between rounds
$438K/yr
Capital velocity
10.9 yr
On record since
2015
First round
5
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) 2.0× above median
This company$4.5M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$125K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$263K
Sector median$2.5M

Raised more than 68% of sector peers (real $). Modeled value above 7% 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 #75 of 77.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$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 $5.9M (est)Thunder Mountain Gold Inc · Seed Raised $4.9M · modeled $5.4M (est)Callinex Mines Inc. (this company) Raised $4.5M · modeled $263K (est)Callinex Mines Inc.
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$5.9M2.12×
Thunder Mountain Gold IncSeed$4.9M$5.4M1.94×
Callinex Mines Inc. this companySeed$4.5M$263K0.10×
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$1.1M2015-07-30$5.5M$5.9M85%
Seed$2.5M2016-11-22$12.7M$13.7M90%
Seed$638K2021-02-24$3.2M$3.1M90%
Seed$120K2022-04-21$599K$470K90%
Seed$125K2025-12-04$627K$263K90%
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$1.1M2015-07-30
    • First recorded raise — entered as Seed.
    • 3 investors on this round.
  2. Seed$2.5M2016-11-22
    • Raised 16 mo later, in step with the ~11 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 151 investors on this round.
  3. Seed$638K2021-02-24
    • Raised again after 51 mo — slower than the ~11 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  4. Seed$120K2022-04-21
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 5.3× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  5. Seed$125K2025-12-04
    • Raised again after 43 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2028 ~Q3
Modeled next raise · ~31mo cadence
$131K
Modeled next size est.range $125K$210K
1.0×
Last step-up
$438K/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
REBECCA A MORIARTY1 other2015-07
I MAX PORTERFIELD2015-07
ISSAC MAX PORTERFIELD2021-02
KEITH A MINTY2015-07
KEITH MAX MINTY2016-11
KILLIAN MAX RUBY2021-02
MICHAEL MAX LOUIE2015-07
MICHAEL MAX MUZYLOWSKI2015-07
NICO MAX CIVELLI2015-07
PETER A SCHRIBER2015-07
Peter MAX Dimmell2025-12
REBECCA MAX MORIARTY2016-11
Registry & provenance

Callinex Mines 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
1650196
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
Canamex Gold Corp.Mining & ResourcesSeed$4.6M$3.2Msame sector · same stage
Otis Gold Corp.Mining & ResourcesSeed$4.5M$2.2Msame sector · same stage
Orex Minerals IncMining & ResourcesSeed$4.6M$1.6Msame sector · same stage
Brixton Metals CorpMining & ResourcesSeed$4.6M$3.2Msame sector · same stage
Terra Rossa Gold Ltd.Mining & ResourcesSeed$4.7M$1.8Msame sector · same stage
Diamcor Mining Inc.Mining & ResourcesSeed$4.7M$1.5Msame sector · same stage
Nuvau Minerals CorpMining & ResourcesSeed$4.8M$2.0Msame sector · same stage
Goldrich Mining CoMining & ResourcesSeed$4.3M$648Ksame 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
Orex Minerals IncMining & ResourcesSeed$1.6M87%
PPX Mining Corp.Mining & ResourcesSeries A$510K84%
Inomin Mines Inc.Mining & ResourcesPre-Seed$342K84%
AEX Gold Inc.Mining & ResourcesSeries A$26.1M83%
Gemdale Gold, IncMining & ResourcesPre-Seed$496K83%
Silver X Mining Corp.Mining & ResourcesSeed$4.4M83%
Koryx Copper Inc.Mining & ResourcesSeed$2.5M83%
NexGold Mining Corp.Mining & ResourcesSeed$3.3M83%
Frequently asked
How much funding has Callinex Mines Inc. raised?
Callinex Mines Inc. has raised approximately $4.5M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Callinex Mines Inc.'s estimated valuation?
Provath's modeled valuation for Callinex Mines Inc. is approximately $263K (modeled range $107K–$477K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Callinex Mines Inc. at?
Callinex Mines Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Dec 04.
What does Callinex Mines Inc. do and where is it based?
Callinex Mines Inc. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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