Diligence memo · auto-generated · as of July 2, 2026
Defense Metals Corp.
Defense Metals Corp. has raised $11M over 5 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Defense Metals Corp. operates in Defense, based in VANCOUVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Defense Metals Corp. has raised $11M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.1M on 2023-05-25.
Most recent recorded round closed around 2025-10-31.
Valuation (modeled)modeled
Provath models Defense Metals Corp. at approximately $5.6M (range $2.4M–$8.9M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 8 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 8.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 77% of Defense peers (61 compared).
Modeled value ranks above 59% of those peers.
Closest niche peers: Terra Industries, Vanguard Defense, Inc., Arkenstone Defense, Inc..
Peoplefiled
20 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.