Diligence memo · auto-generated · as of July 2, 2026
Canary Mining Inc.
Canary Mining Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Canary Mining Inc. operates in Mining & Resources, based in Wilmington.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Canary Mining Inc. has raised $1.3M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.0M on 2022-04-01.
Most recent recorded round closed around 2022-04-01.
Valuation (modeled)modeled
Provath models Canary Mining Inc. at approximately $4.1M (range $893K–$20M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.16× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era. Within the normal band (116% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 0 months.
Last raise 4.3 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 4.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 41% of Mining & Resources peers (701 compared).
Modeled value ranks above 62% of those peers.
Closest niche peers: Medusa Mining Ltd, HighGold Mining Inc., Modern Mining Technology Corp., Only Gold Development Ltd Liability Co, Rex Gold Partners, LLC.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.