Diligence memo · auto-generated · as of July 2, 2026
Fluent Metal Inc.
Fluent Metal Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Fluent Metal Inc. operates in Mining & Resources, based in CAMBRIDGE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fluent Metal Inc. has raised $4.4M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.4M on 2023-05-02.
Most recent recorded round closed around 2023-05-02.
Valuation (modeled)modeled
Provath models Fluent Metal Inc. at approximately $14M (range $5.7M–$40M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.72× 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
Last raise 3.2 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 67% of Mining & Resources peers (701 compared).
Modeled value ranks above 83% 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
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.