Diligence memo · auto-generated · as of July 2, 2026
Fortius Metals, Inc.
Fortius Metals, Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Fortius Metals, Inc. operates in Mining & Resources, based in Lafayette.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fortius Metals, Inc. has raised $11M 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: $5.0M on 2024-02-13.
Most recent recorded round closed around 2025-04-29.
Valuation (modeled)modeled
Provath models Fortius Metals, Inc. at approximately $1.5M (range $745K–$2.8M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.13× the median modeled value of Series A Mining & Resources companies in 2025–2027 (40 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 14 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round was 5.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 82% of Mining & Resources peers (701 compared).
Modeled value ranks above 42% of those peers.
Closest niche peers: Fortitude Gold Corp, San Cristobal Mining Inc., Torngat Metals Ltd, Rua Gold Inc., Red Metals, Inc..
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.