Companies · Mining & Resources

Ethos Gold Corp.

VANCOUVER · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Ethos Gold Corp. — recommendation, valuation, rhythm, risks.
$5.2M
Total raised · real
8
Rounds
3.4×
Latest step-up
Top 29%
Sector rank · raised
Seed
Latest stage · inferred · Fri Apr 08 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Ethos Gold Corp. looks fair 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.

Fair
  • Modeled value is 0.80× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
  • Within the normal band (80% of peer median) for its niche.
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

Ethos Gold Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 72% 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(b)
Reg D exemption
33
Investors (latest)
2022-04-08
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$2.5M$5.0M$7.5M$10MPre-Seed · 2010-01-28 Raised $1.0M (real) Modeled valuation $6.7M (est)Pre-Seed2010Seed · 2010-05-21 Raised $1.5M (real) Modeled valuation $8.0M (est)Seed2010Seed · 2010-12-23 Raised $186K (real) Modeled valuation $999K (est)Seed2010Seed · 2011-05-05 Raised $209K (real) Modeled valuation $1.1M (est)Seed2011Seed · 2020-09-03 Raised $181K (real) Modeled valuation $941K (est)Seed2020Seed · 2020-09-03 Raised $1.2M (real) Modeled valuation $6.3M (est)Seed2020Seed · 2021-08-06 Raised $212K (real) Modeled valuation $940K (est)Seed2021Seed · 2022-04-08 Raised $724K (real) Modeled valuation $2.9M (est)Seed2022+$1.5M+$186K+$209K+$181K+$1.2M+$212K+$724KCumulative $5.2M

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 · 2010
Seed$1.5M · 2010
Seed extension$186K · 2010
Seed extension$209K · 2011
Seed extension$181K · 2020
Seed extension$1.2M · 2020
Seed extension$212K · 2021
Seed extension$724K · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$2.9M
Base estimate est.
$619K
Conservative case
$13.9M
Upside case
$3.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $6.7M · 2010-01-282010Seed · modeled $8.0M · 2010-05-21Seed · modeled $999K · 2010-12-23Seed · modeled $1.1M · 2011-05-05Seed · modeled $941K · 2020-09-03Seed · modeled $6.3M · 2020-09-03Seed · modeled $940K · 2021-08-06Seed · modeled $2.9M · 2022-04-082022
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/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
21 mo
Avg between rounds
$427K/yr
Capital velocity
16.4 yr
On record since
2010
First round
8
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) 2.3× above median
This company$5.2M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.7× of median
This company$724K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.1× above median
This company$2.9M
Sector median$2.5M

Raised more than 72% of sector peers (real $). Modeled value above 54% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #38 of 63.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Medusa Mining Ltd · Seed Raised $3.8M · modeled $15.6M (est)HighGold Mining Inc. · Seed Raised $12.5M · modeled $13.2M (est)Modern Mining Technology Corp. · Seed Raised $3.3M · modeled $13.2M (est)Only Gold Development Ltd Liability Co · Seed Raised $3.5M · modeled $12.9M (est)Rex Gold Partners, LLC · Seed Raised $3.5M · modeled $12.7M (est)Cornish Metals Inc. · Seed Raised $3.2M · modeled $12.6M (est)Newport Mining LLC · Seed Raised $3.0M · modeled $11.6M (est)Quartz Lake Mining, Inc · Seed Raised $3.0M · modeled $10.0M (est)Transatlantic Gold, Corp. · Seed Raised $2.5M · modeled $9.5M (est)Military Metal Art HoldCo, LLC · Seed Raised $3.1M · modeled $8.8M (est)Snowline Gold Corp. · Seed Raised $3.1M · modeled $8.5M (est)Northern Vertex Mining Corp. · Seed Raised $2.8M · modeled $7.8M (est)Ethos Gold Corp. (this company) Raised $5.2M · modeled $2.9M (est)Ethos Gold Corp.
CompanyStageRaised · realValue · estvs peer med.
Medusa Mining LtdSeed$3.8M$15.6M4.35×
HighGold Mining Inc.Seed$12.5M$13.2M3.69×
Modern Mining Technology Corp.Seed$3.3M$13.2M3.68×
Only Gold Development Ltd Liability CoSeed$3.5M$12.9M3.59×
Rex Gold Partners, LLCSeed$3.5M$12.7M3.55×
Cornish Metals Inc.Seed$3.2M$12.6M3.51×
Newport Mining LLCSeed$3.0M$11.6M3.24×
Quartz Lake Mining, IncSeed$3.0M$10.0M2.79×
Transatlantic Gold, Corp.Seed$2.5M$9.5M2.65×
Military Metal Art HoldCo, LLCSeed$3.1M$8.8M2.45×
Snowline Gold Corp.Seed$3.1M$8.5M2.38×
Northern Vertex Mining Corp.Seed$2.8M$7.8M2.19×
Ethos Gold Corp. this companySeed$5.2M$2.9M0.80×
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$1.0M2010-01-28$5.6M$6.7M85%
Seed$1.5M2010-05-21$7.4M$8.0M85%
Seed$186K2010-12-23$930K$999K85%
Seed$209K2011-05-05$1.0M$1.1M85%
Seed$181K2020-09-03$903K$941K90%
Seed$1.2M2020-09-03$6.0M$6.3M90%
Seed$212K2021-08-06$1.1M$940K90%
Seed$724K2022-04-08$3.6M$2.9M90%
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$1.0M2010-01-28
    • First recorded raise — entered as Pre-Seed.
    • 42 investors on this round.
  2. Seed$1.5M2010-05-21
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 71 investors on this round.
  3. Seed$186K2010-12-23
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 8.0× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  4. Seed$209K2011-05-05
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  5. Seed$181K2020-09-03
    • Raised again after 112 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 8 investors on this round.
  6. Seed$1.2M2020-09-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.7× larger than the prior — scaling up.
    • 5 investors on this round.
  7. Seed$212K2021-08-06
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 5.7× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  8. Seed$724K2022-04-08
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
    • 33 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~21mo cadence
$2.2M
Modeled next size est.range $1.4M$3.5M
3.4×
Last step-up
$427K/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
Michael Murphy20 other2020-09
Robert Scott19 other2021-08
Scott Kelly8 other2020-09
Hendrik Van Alphen5 other2020-09
Robert Carpenter4 other2022-04
Craig Roberts3 other2020-09
Melvin Herdrick2 other2020-09
Alex Heath1 other2021-08
Chris Richard Theodoropoulos2010-01
Danica Topolewski2021-08
Gary Richard Freeman2010-01
Godfrey Richard Walton2010-01
Hendrick Richard Van Alphen2010-01
Hendrik Richard Van Alphen2010-05
Mark Richard Cruise2010-12
Peter Richard Mordaunt2010-12
Peter Richard Wong2010-01
Registry & provenance

Ethos Gold Corp. 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
1482753
SEC CIK
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
South Pacific Metals Corp.Mining & ResourcesSeed$3.3M$5.3Mnetwork2 shared operators · same sector · same stage
Silver Scott Mines IncMining & ResourcesSeed$5.0M$5.1Mnetwork1 shared operator · same sector · same stage
Ely Gold Royalties, Inc.Mining & ResourcesSeed$4.9M$13.2Mnetwork1 shared operator · same sector · same stage
Outcrop Gold CorpMining & ResourcesSeed$5.7M$763Knetwork1 shared operator · same sector · same stage
Sonoro Gold Corp.Mining & ResourcesPre-Seed$2.4M$397Knetwork2 shared operators · same sector
World Copper Ltd.Mining & ResourcesSeed$3.1M$6.1Mnetwork1 shared operator · same sector · same stage
Dryden Gold Corp.Mining & ResourcesSeed$2.3M$561Knetwork1 shared operator · same sector · same stage
Capitan Silver Corp.Mining & ResourcesSeed$2.3M$4.7Mnetwork1 shared operator · same 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
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M87%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M86%
Gold Port CorpMining & ResourcesPre-Seed$417K85%
Omega Gold Corp.Mining & ResourcesPre-Seed$594K85%
Galleon Gold Corp.Mining & ResourcesPre-Seed$1.1M85%
Pirate Gold Corp.Mining & ResourcesSeed$6.1M84%
Magna Gold Corp.Mining & ResourcesPre-Seed$5.0M84%
Gold Royalty Corp.Mining & ResourcesSeries B$118.8M84%
Frequently asked
How much funding has Ethos Gold Corp. raised?
Ethos Gold Corp. has raised approximately $5.2M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Ethos Gold Corp.'s estimated valuation?
Provath's modeled valuation for Ethos Gold Corp. is approximately $2.9M (modeled range $619K–$13.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ethos Gold Corp. at?
Ethos Gold Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Apr 08.
What does Ethos Gold Corp. do and where is it based?
Ethos Gold Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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

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