Companies · Mining & Resources

Fitzroy Minerals Inc.

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

Diligence memoA one-page analyst read on Fitzroy Minerals Inc. — recommendation, valuation, rhythm, risks.
$2.8M
Total raised · real
6
Rounds
0.6×
Latest step-up
Top 44%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Mar 19 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Fitzroy Minerals Inc. looks fair against its niche peers and is active 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 1.25× the median modeled value of Pre-Seed Mining & Resources companies in 2025–2027 (85 peers) — value vs value, same stage and era.
  • Within the normal band (125% of peer median) for its niche.
Active
  • Last raise 3 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Fitzroy Minerals Inc. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 57% of sector peers), and in the long tail 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
2
Investors (latest)
2026-03-19
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2021-01-13 Raised $175K (real) Modeled valuation $1.0M (est)Pre-Seed2021Pre-Seed · 2021-08-19 Raised $148K (real) Modeled valuation $751K (est)Pre-Seed2021Pre-Seed · 2024-09-20 Raised $909K (real) Modeled valuation $2.2M (est)Pre-Seed2024Pre-Seed · 2025-03-31 Raised $403K (real) Modeled valuation $863K (est)Pre-Seed2025Pre-Seed · 2025-03-31 Raised $403K (real) Modeled valuation $863K (est)Pre-Seed2025Pre-Seed · 2025-11-03 Raised $757K (real) Modeled valuation $1.4M (est)Pre-Seed2025Pre-Seed · 2026-03-19 Raised $455K (real) Modeled valuation $772K (est)Pre-Seed2026+$148K+$909K+$403K+$403K+$757K+$455KCumulative $3.3M

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$175K · 2021
Pre-Seed extension$148K · 2021
Pre-Seed extension$909K · 2024
Pre-Seed extension$403K · 2025
Pre-Seed extension$403K · 2025
Pre-Seed extension$757K · 2025
Pre-Seed extension$455K · 2026

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

Modeled valuation trajectory
$772K
Base estimate est.
$288K
Conservative case
$1.5M
Upside case
$2.5M
Modeled post-money

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

Pre-Seed · modeled $1.0M · 2021-01-132021Pre-Seed · modeled $751K · 2021-08-19Pre-Seed · modeled $2.2M · 2024-09-20Pre-Seed · modeled $863K · 2025-03-31Pre-Seed · modeled $863K · 2025-03-31Pre-Seed · modeled $1.4M · 2025-11-03Pre-Seed · modeled $772K · 2026-03-192026
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.27×/yr
Annual markup
1.72×/yr upside case
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$550K/yr
Capital velocity
5.5 yr
On record since
2021
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) 1.2× above median
This company$2.8M
Sector median$2.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.7× above median
This company$455K
Sector median$271K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$772K
Sector median$2.5M

Raised more than 57% of sector peers (real $). Modeled value above 26% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #34 of 85.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Silver Creek Investors, LLC /WI/ · Pre-Seed Raised $900K · modeled $2.0M (est)Viridian Metals Inc. · Pre-Seed Raised $919K · modeled $1.9M (est)Gold Candle Ltd. · Pre-Seed Raised $1.8M · modeled $1.9M (est)Argenta Silver Corp. · Pre-Seed Raised $931K · modeled $1.8M (est)Relevant Gold Corp. · Pre-Seed Raised $2.0M · modeled $1.8M (est)North Shore Uranium Ltd. · Pre-Seed Raised $1.3M · modeled $1.8M (est)Premier American Uranium Inc. · Pre-Seed Raised $952K · modeled $1.7M (est)ISS Mining 1, LLC · Pre-Seed Raised $898K · modeled $1.6M (est)Kingfisher Metals Corp. · Pre-Seed Raised $2.6M · modeled $1.6M (est)Yukon Metals Corp. · Pre-Seed Raised $707K · modeled $1.5M (est)Copper Giant Resources Corp. · Pre-Seed Raised $891K · modeled $1.4M (est)Sanu Gold Corp. · Pre-Seed Raised $694K · modeled $1.3M (est)Fitzroy Minerals Inc. (this company) Raised $2.8M · modeled $772K (est)Fitzroy Minerals Inc.
CompanyStageRaised · realValue · estvs peer med.
Silver Creek Investors, LLC /WI/Pre-Seed$900K$2.0M3.20×
Viridian Metals Inc.Pre-Seed$919K$1.9M3.10×
Gold Candle Ltd.Pre-Seed$1.8M$1.9M3.02×
Argenta Silver Corp.Pre-Seed$931K$1.8M2.95×
Relevant Gold Corp.Pre-Seed$2.0M$1.8M2.86×
North Shore Uranium Ltd.Pre-Seed$1.3M$1.8M2.85×
Premier American Uranium Inc.Pre-Seed$952K$1.7M2.69×
ISS Mining 1, LLCPre-Seed$898K$1.6M2.65×
Kingfisher Metals Corp.Pre-Seed$2.6M$1.6M2.62×
Yukon Metals Corp.Pre-Seed$707K$1.5M2.43×
Copper Giant Resources Corp.Pre-Seed$891K$1.4M2.25×
Sanu Gold Corp.Pre-Seed$694K$1.3M2.04×
Fitzroy Minerals Inc. this companyPre-Seed$2.8M$772K1.25×
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$175K2021-01-13$973K$1.0M90%
Pre-Seed$148K2021-08-19$820K$751K90%
Pre-Seed$909K2024-09-20$5.0M$2.2M90%
Pre-Seed$403K2025-03-31$2.2M$863K90%
Pre-Seed$403K2025-03-31$2.2M$863K90%
Pre-Seed$757K2025-11-03$4.2M$1.4M90%
Pre-Seed$455K2026-03-19$2.5M$772K90%
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$175K2021-01-13
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$148K2021-08-19
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  3. Pre-Seed$909K2024-09-20
    • Raised again after 37 mo — slower than the ~11 mo sector norm.
    • Round 6.2× larger than the prior — scaling up.
    • 4 investors on this round.
  4. Pre-Seed$403K2025-03-31
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  5. Pre-Seed$403K2025-03-31
    • 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.
  6. Pre-Seed$757K2025-11-03
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
  7. Pre-Seed$455K2026-03-19
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~10mo cadence
$455K
Modeled next size est.range $455K$728K
0.6×
Last step-up
$550K/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
Herrick Lau9 other2024-09
David Robinson5 other2021-01
JOHN SEAMAN5 other2021-01
Queenie Kuang3 other2025-03
John Campbell Smyth1 other2021-01
Mary Gilzean1 other2024-09
Merlin Marr-Johnson1 other2024-09
Sean Hurd1 other2021-01
Campbell Smyth2024-09
Gilberto Schubert2025-11
John Campbell Seaman2021-08
Kyler Campbell Hardy2021-01
Victor Flores2025-03
Registry & provenance

Fitzroy Minerals 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
1819258
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
Blue Sky Uranium Corp.Mining & ResourcesPre-Seed$2.3M$2.5Mnetwork1 shared operator · same sector · same stage
Volt Lithium Corp.Mining & ResourcesPre-Seed$955K$259Knetwork1 shared operator · same sector · same stage
Trillium Gold Mines Inc.Mining & ResourcesPre-Seed$758K$871Knetwork1 shared operator · same sector · same stage
Nevada Exploration IncMining & ResourcesPre-Seed$2.9M$551Ksame sector · same stage
Spanish Mountain Gold Ltd.Mining & ResourcesPre-Seed$2.7M$1.2Msame sector · same stage
Galway Metals Inc.Mining & ResourcesPre-Seed$3.0M$703Ksame sector · same stage
Kingfisher Metals Corp.Mining & ResourcesPre-Seed$2.6M$1.6Msame sector · same stage
Aztec Minerals Corp.Mining & ResourcesPre-Seed$3.1M$1.2Msame 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
Apex Mining, LLCMining & ResourcesPre-Seed$5.6M85%
Aztec Minerals Corp.Mining & ResourcesPre-Seed$1.2M83%
Copaur Minerals Inc.Mining & ResourcesSeed$4.9M83%
Premier Gold Mines LtdMining & ResourcesSeries B$10.7M83%
NGEx Minerals Ltd.Mining & ResourcesSeries B$85.2M83%
Almaden Minerals LtdMining & ResourcesSeries A$5.4M83%
Almadex Minerals Ltd.Mining & ResourcesPre-Seed$2.7M83%
Almadex Minerals LtdMining & ResourcesSeries A$20.5M83%
Frequently asked
How much funding has Fitzroy Minerals Inc. raised?
Fitzroy Minerals Inc. has raised approximately $2.8M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Fitzroy Minerals Inc.'s estimated valuation?
Provath's modeled valuation for Fitzroy Minerals Inc. is approximately $772K (modeled range $288K–$1.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Fitzroy Minerals Inc. at?
Fitzroy Minerals Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Mar 19.
What does Fitzroy Minerals Inc. do and where is it based?
Fitzroy Minerals Inc. operates in the Mining & Resources sector, based in VANCOUVER.
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