Diligence memo · auto-generated · as of July 2, 2026
Elite Mining Inc.
Elite Mining Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Elite Mining Inc. operates in Mining & Resources, based in CHEYENNE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Elite Mining Inc. has raised $8.7M 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: $6.4M on 2019-07-01.
Most recent recorded round closed around 2022-04-05.
Valuation (modeled)modeled
Provath models Elite Mining Inc. at approximately $3.7M (range $1.3M–$13M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 4.2 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 9.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 79% of Mining & Resources peers (701 compared).
Modeled value ranks above 59% of those peers.
Closest niche peers: 360 Mining, Inc., Arizona Sonoran Copper Co Inc., Reunion Gold Corp, American Strategic Metals Corp., MERIT Mining Ohio, LLC.
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.