Diligence memo · auto-generated · as of July 2, 2026
Comstock Metals Ltd.
Comstock Metals Ltd. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Comstock Metals Ltd. operates in Mining & Resources, based in VANCOUVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Comstock Metals Ltd. has raised $2.0M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.1M on 2017-02-27.
Most recent recorded round closed around 2017-02-27.
Valuation (modeled)modeled
Provath models Comstock Metals Ltd. at approximately $6.1M (range $979K–$48M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.94× the median modeled value of Seed Mining & Resources companies in 2016–2018 (23 peers) — value vs value, same stage and era. Within the normal band (94% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 27 months.
Last raise 9.3 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 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 49% of Mining & Resources peers (701 compared).
Modeled value ranks above 72% of those peers.
Closest niche peers: Constantine Metal Resources Ltd., Superior Gold Inc., Bare Metal Standard Inc., Kenadyr Mining (Holdings) Corp, UltraConductive Copper Company, Inc..
Peoplefiled
14 named people 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.