Diligence memo · auto-generated · as of July 2, 2026
Firefly Minerals, LLC
Firefly Minerals, LLC looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Firefly Minerals, LLC operates in Mining & Resources, based in INCLINE VILLAGE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Firefly Minerals, LLC has raised $38M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $38M on 2026-01-07.
Most recent recorded round closed around 2026-01-07.
Valuation (modeled)modeled
Provath models Firefly Minerals, LLC at approximately $138M (range $89M–$184M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.84× the median modeled value of Series B Mining & Resources companies in 2025–2027 (15 peers) — value vs value, same stage and era. Issuer reports no revenue, yet is modeled well above niche peers.
Financing rhythm & timingmixed
Last raise 6 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 95% of Mining & Resources peers (701 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: Tectonic Metals Inc., U.S. Gold Corp., Critical Metals Corp., NGEx Minerals Ltd., Bunker Hill Mining Corp..
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.