Diligence memo · auto-generated · as of July 2, 2026
DeepGreen Metals Inc.
DeepGreen Metals Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
DeepGreen Metals Inc. 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
DeepGreen Metals Inc. has raised $19M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $8.7M on 2020-06-16.
Most recent recorded round closed around 2020-06-16.
Valuation (modeled)modeled
Provath models DeepGreen Metals Inc. at approximately $38M (range $11M–$206M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.73× the median modeled value of Series A Mining & Resources companies in 2019–2021 (27 peers) — value vs value, same stage and era. Issuer reports no revenue, yet is modeled well above niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 6.0 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 13.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 89% of Mining & Resources peers (701 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Tanzanian Gold Corp, Copper John Partners, LLC, Lithium Werks Group B.V., Vision Quest Gold, Inc., Gold Flora, LLC.
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.