Companies · Mining & Resources

Elite Mining Inc.

CHEYENNE · Mining & Resources · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Elite Mining Inc. — recommendation, valuation, rhythm, risks.
$8.7M
Total raised · real
5
Rounds
9.1×
Latest step-up
Top 22%
Sector rank · raised
Series A
Latest stage · inferred · Tue Apr 05 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Elite Mining Inc. looks under-valued against its niche peers and is dormant 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 0.44× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.2 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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

Elite Mining Inc. is one of 701 Mining & Resources companies tracked from CHEYENNE. By capital raised it ranks in the upper tier (ahead of 79% of sector peers), and mid-pack 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(c)
Reg D exemption
1
Investors (latest)
2018
Year incorporated
2022-04-05
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$13M$25M$38M$50MPre-Seed · 2018-09-05 Raised $1.0M (real) Modeled valuation $6.7M (est)Pre-Seed2018Series A · 2019-07-01 Raised $6.4M (real) Modeled valuation $28M (est)Series A2019Pre-Seed · 2019-10-08 Raised $300K (real) Modeled valuation $2.0M (est)Pre-Seed2019Series A · 2019-10-08 Raised $200K (real) Modeled valuation $874K (est)Series A2019Series A · 2021-05-12 Raised $109K (real) Modeled valuation $438K (est)Series A2021Series A · 2021-05-19 Raised $109K (real) Modeled valuation $437K (est)Series A2021Series A · 2022-04-05 Raised $1.0M (real) Modeled valuation $3.7M (est)Series A2022+$6.4M+$300K+$200K+$109K+$109K+$1.0MCumulative $9.1M

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
Pre-Seed$1.0M · 2018
Series A$6.4M · 2019no Seed on file
Bridge · Series A-stage$300K · 2019smaller follow-on
Series A extension$200K · 2019
Series A extension$109K · 2021
Series A extension$109K · 2021
Series A extension$1.0M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$3.7M
Base estimate est.
$1.3M
Conservative case
$13.2M
Upside case
$4.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $6.7M · 2018-09-052018Series A · modeled $27.9M · 2019-07-01Pre-Seed · modeled $2.0M · 2019-10-08Series A · modeled $874K · 2019-10-08Series A · modeled $438K · 2021-05-12Series A · modeled $437K · 2021-05-19Series A · modeled $3.7M · 2022-04-052022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$2.4M/yr
Capital velocity
7.8 yr
On record since
2018
First round
7
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) 3.8× above median
This company$8.7M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$1.0M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$3.7M
Sector median$2.5M

Raised more than 79% of sector peers (real $). Modeled value above 59% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #25 of 40.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)360 Mining, Inc. · Series A Raised $12.8M · modeled $43.7M (est)Arizona Sonoran Copper Co Inc. · Series A Raised $11.1M · modeled $35.5M (est)Reunion Gold Corp · Series A Raised $19.8M · modeled $34.8M (est)American Strategic Metals Corp. · Series A Raised $11.4M · modeled $34.4M (est)MERIT Mining Ohio, LLC · Series A Raised $10.0M · modeled $33.9M (est)Northern Dynasty Minerals Ltd · Series A Raised $23.2M · modeled $31.0M (est)Monetary Metals Bond II, LLC · Series A Raised $8.5M · modeled $29.2M (est)Liberty Gold Corp. /CAN · Series A Raised $10.5M · modeled $27.1M (est)Silver Tiger Metals Inc. · Series A Raised $7.6M · modeled $25.1M (est)Filo Mining Corp. · Series A Raised $7.5M · modeled $24.2M (est)Allied Gold Corp · Series A Raised $6.9M · modeled $21.8M (est)Contango ORE, Inc. · Series A Raised $5.7M · modeled $19.3M (est)Elite Mining Inc. (this company) Raised $8.7M · modeled $3.7M (est)Elite Mining Inc.
CompanyStageRaised · realValue · estvs peer med.
360 Mining, Inc.Series A$12.8M$43.7M5.25×
Arizona Sonoran Copper Co Inc.Series A$11.1M$35.5M4.28×
Reunion Gold CorpSeries A$19.8M$34.8M4.19×
American Strategic Metals Corp.Series A$11.4M$34.4M4.14×
MERIT Mining Ohio, LLCSeries A$10.0M$33.9M4.08×
Northern Dynasty Minerals LtdSeries A$23.2M$31.0M3.73×
Monetary Metals Bond II, LLCSeries A$8.5M$29.2M3.52×
Liberty Gold Corp. /CANSeries A$10.5M$27.1M3.26×
Silver Tiger Metals Inc.Series A$7.6M$25.1M3.02×
Filo Mining Corp.Series A$7.5M$24.2M2.91×
Allied Gold CorpSeries A$6.9M$21.8M2.62×
Contango ORE, Inc.Series A$5.7M$19.3M2.33×
Elite Mining Inc. this companySeries A$8.7M$3.7M0.44×
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.
Pre-Seed$1.0M2018-09-05$5.6M$6.7M90%
Series A$6.4M2019-07-01$29.0M$27.9M90%
Pre-Seed$300K2019-10-08$1.7M$2.0M90%
Series A$200K2019-10-08$909K$874K90%
Series A$109K2021-05-12$497K$438K90%
Series A$109K2021-05-19$497K$437K90%
Series A$1.0M2022-04-05$4.5M$3.7M90%
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. Pre-Seed$1.0M2018-09-05
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Series A$6.4M2019-07-01
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 6.4× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
  3. Pre-Seed$300K2019-10-08
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 21.3× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 1 investor on this round.
  4. Series A$200K2019-10-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Series A$109K2021-05-12
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 7 investors on this round.
  6. Series A$109K2021-05-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  7. Series A$1.0M2022-04-05
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 9.1× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~7mo cadence
$3.0M
Modeled next size est.range $2.0M$4.8M
9.1×
Last step-up
$2.4M/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
Andrew Marks3 other2019-07
Justin Podhola1 other2018-09
Burke Mee2019-07
Dan Podhola2019-07
Elton Monterroza2019-07
Emil Sarnogoev2019-07
Erwan Letard2019-07
James Wambold2021-05
Jeremy Buttell2019-07
Justin English2019-07
Manuel Silva III2021-05
Nathan Van De Ven2019-07
Sean Westberg2019-07
Triscia Mayfield2019-07
Registry & provenance

Elite Mining 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
1769726
SEC CIK
2018
Incorporated
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
Chakana Copper Corp.Mining & ResourcesSeries A$8.9M$1.8Msame sector · same stage
Freeman Gold Corp.Mining & ResourcesSeries A$7.9M$845Ksame sector · same stage
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Signal Gold Inc.Mining & ResourcesSeries A$7.7M$1.9Msame sector · same stage
Allegiant Gold LtdMining & ResourcesSeries A$9.8M$3.3Msame sector · same stage
Fury Gold Mines LtdMining & ResourcesSeries A$10.0M$1.6Msame sector · same stage
Bear Creek Mining CorpMining & ResourcesSeries A$10.2M$1.7Msame sector · same stage
Nuevo Silver Inc.Mining & ResourcesSeries A$7.1M$2.7Msame 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
E M Mining, Inc.Mining & ResourcesPre-Seed$4.0M87%
Urban Mining International, Inc.Mining & ResourcesPre-Seed$3.5M85%
Mines.Io Inc.Mining & ResourcesSeries A$32.2M85%
US Digital Mining Corp.Mining & ResourcesPre-Seed$4.7M85%
MineralTree, Inc.Mining & ResourcesSeries C$269.5M85%
Resource Exploration, Inc.Mining & ResourcesPre-Seed$1.6M85%
Modern Mining Technology Corp.Mining & ResourcesSeed$13.2M84%
ISS Mining 1, LLCMining & ResourcesPre-Seed$1.6M84%
Frequently asked
How much funding has Elite Mining Inc. raised?
Elite Mining Inc. has raised approximately $8.7M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Elite Mining Inc.'s estimated valuation?
Provath's modeled valuation for Elite Mining Inc. is approximately $3.7M (modeled range $1.3M–$13.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Elite Mining Inc. at?
Elite Mining Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Apr 05.
What does Elite Mining Inc. do and where is it based?
Elite Mining Inc. operates in the Mining & Resources sector, based in CHEYENNE.
Explore related

See where Elite Mining Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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