Companies · Mining & Resources

Fury Gold Mines Ltd

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

Diligence memoA one-page analyst read on Fury Gold Mines Ltd — recommendation, valuation, rhythm, risks.
$10.0M
Total raised · real
6
Rounds
0.1×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Thu Mar 23 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Fury Gold Mines Ltd looks under-valued against its niche peers and is at-risk 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.

Under-valued
  • Modeled value is 0.19× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.3 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Fury Gold Mines Ltd is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 81% 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
1
Investors (latest)
2023-03-23
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$13M$25M$38M$50MPre-Seed · 2014-12-11 Raised $212K (real) Modeled valuation $1.4M (est)Pre-Seed2014Pre-Seed · 2015-09-16 Raised $658K (real) Modeled valuation $4.4M (est)Pre-Seed2015Seed · 2020-02-06 Raised $1.4M (real) Modeled valuation $7.4M (est)Seed2020Pre-Seed · 2020-02-06 Raised $120K (real) Modeled valuation $804K (est)Pre-Seed2020Seed · 2021-10-06 Raised $978K (real) Modeled valuation $4.2M (est)Seed2021Series A · 2022-04-19 Raised $6.3M (real) Modeled valuation $23M (est)Series A2022Series A · 2023-03-23 Raised $468K (real) Modeled valuation $1.6M (est)Series A2023+$658K+$1.4M+$120K+$978K+$6.3M+$468KCumulative $10M

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$212K · 2014
Pre-Seed extension$658K · 2015
Seed$1.4M · 2020
Bridge · Seed-stage$120K · 2020smaller follow-on
Seed extension$978K · 2021
Series A$6.3M · 2022
Series A extension$468K · 2023

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

Modeled valuation trajectory
$1.6M
Base estimate est.
$606K
Conservative case
$4.5M
Upside case
$2.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.4M · 2014-12-112014Pre-Seed · modeled $4.4M · 2015-09-16Seed · modeled $7.4M · 2020-02-06Pre-Seed · modeled $804K · 2020-02-06Seed · modeled $4.2M · 2021-10-06Series A · modeled $23.1M · 2022-04-19Series A · modeled $1.6M · 2023-03-232023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
3.3 yr
Elapsed time used
3.3 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$1.2M/yr
Capital velocity
11.6 yr
On record since
2014
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) 4.4× above median
This company$10.0M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$468K
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$1.6M
Sector median$2.5M

Raised more than 81% of sector peers (real $). Modeled value above 42% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #32 of 40.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)360 Mining, Inc. · Series A Raised $12.8M · modeled $43.7M (est)Arizona Sonoran Copper Co Inc. · Series A Raised $11.1M · modeled $35.5M (est)Reunion Gold Corp · Series A Raised $19.8M · modeled $34.8M (est)American Strategic Metals Corp. · Series A Raised $11.4M · modeled $34.4M (est)MERIT Mining Ohio, LLC · Series A Raised $10.0M · modeled $33.9M (est)Northern Dynasty Minerals Ltd · Series A Raised $23.2M · modeled $31.0M (est)Monetary Metals Bond II, LLC · Series A Raised $8.5M · modeled $29.2M (est)Liberty Gold Corp. /CAN · Series A Raised $10.5M · modeled $27.1M (est)Silver Tiger Metals Inc. · Series A Raised $7.6M · modeled $25.1M (est)Filo Mining Corp. · Series A Raised $7.5M · modeled $24.2M (est)Allied Gold Corp · Series A Raised $6.9M · modeled $21.8M (est)Contango ORE, Inc. · Series A Raised $5.7M · modeled $19.3M (est)Fury Gold Mines Ltd (this company) Raised $10.0M · modeled $1.6M (est)Fury Gold Mines Ltd
CompanyStageRaised · realValue · estvs peer med.
360 Mining, Inc.Series A$12.8M$43.7M5.25×
Arizona Sonoran Copper Co Inc.Series A$11.1M$35.5M4.28×
Reunion Gold CorpSeries A$19.8M$34.8M4.19×
American Strategic Metals Corp.Series A$11.4M$34.4M4.14×
MERIT Mining Ohio, LLCSeries A$10.0M$33.9M4.08×
Northern Dynasty Minerals LtdSeries A$23.2M$31.0M3.73×
Monetary Metals Bond II, LLCSeries A$8.5M$29.2M3.52×
Liberty Gold Corp. /CANSeries A$10.5M$27.1M3.26×
Silver Tiger Metals Inc.Series A$7.6M$25.1M3.02×
Filo Mining Corp.Series A$7.5M$24.2M2.91×
Allied Gold CorpSeries A$6.9M$21.8M2.62×
Contango ORE, Inc.Series A$5.7M$19.3M2.33×
Fury Gold Mines Ltd this companySeries A$10.0M$1.6M0.19×
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$212K2014-12-11$1.2M$1.4M85%
Pre-Seed$658K2015-09-16$3.7M$4.4M85%
Seed$1.4M2020-02-06$6.9M$7.4M90%
Pre-Seed$120K2020-02-06$669K$804K90%
Seed$978K2021-10-06$4.9M$4.2M90%
Series A$6.3M2022-04-19$28.8M$23.1M90%
Series A$468K2023-03-23$2.1M$1.6M90%
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$212K2014-12-11
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$658K2015-09-16
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 20 investors on this round.
  3. Seed$1.4M2020-02-06
    • Raised again after 53 mo — slower than the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 84 investors on this round.
  4. Pre-Seed$120K2020-02-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 11.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Seed$978K2021-10-06
    • Raised again after 20 mo — slower than the ~11 mo sector norm.
    • Round 8.1× larger than the prior — scaling up.
    • 6 investors on this round.
  6. Series A$6.3M2022-04-19
    • Raised 6 mo later, in step with the ~11 mo sector norm.
    • Round 6.5× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series A$468K2023-03-23
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 13.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~17mo cadence
$468K
Modeled next size est.range $468K$749K
0.1×
Last step-up
$1.2M/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 Hoffman10 other2021-10
Jeffrey Mason7 other2021-10
Shawn Wallace5 other2014-12
Gordon Fretwell4 other2014-12
Ivan Bebek4 other2014-12
STEVE COOK4 other2014-12
MICHAEL HENRICHSEN3 other2014-12
DARYL REBECK2 other2014-12
Peter Rees2 other2014-12
Brian Christie1 other2023-03
DANIEL T MCCOY1 other2015-09
Jeffrey R. Mason1 other2020-02
Tim Clark1 other2021-10
ANTONIO R ARRIBAS2020-02
ANTONIO T ARRIBAS2015-09
BRYAN ATKINSON2021-10
CHRISTIAN R RIOS2020-02
DAVID R SMITHSON2020-02
GORDON R FRETWELL2020-02
IVAN JAMES BEBEK2020-02
KEITH MINTY2014-12
LYNSEY SHERRY2021-10
MICHAEL R HENRICHSEN2020-02
MICHAEL R KOSOWAN2020-02
Registry & provenance

Fury Gold Mines Ltd 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
1514597
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
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Coppernico Metals Inc.Mining & ResourcesSeed$2.2M$3.5Mnetwork5 shared operators · same sector
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Torq Resources Inc.OtherSeed$2.0M$19.7Mnetwork4 shared operators
Dolly Varden Silver CorpMining & ResourcesSeries A$13.0M$7.1Mnetwork1 shared operator · same sector · same stage
Wellgreen Platinum Ltd.OtherSeries A$24.2M$38.4Mnetwork2 shared operators · same stage
Bear Creek Mining CorpMining & ResourcesSeries A$10.2M$1.7Msame sector · same stage
PPX Mining Corp.Mining & ResourcesSeries A$10.7M$510Ksame 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
Gold Bull Resources Corp.Mining & ResourcesPre-Seed$2.1M84%
Volcanic Gold Mines Inc.Mining & ResourcesPre-Seed$963K84%
Gold Reserve LtdMining & ResourcesSeries C$370.6M84%
Rugby Mining LtdMining & ResourcesPre-Seed$1.4M83%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M82%
Riley Gold Corp.Mining & ResourcesPre-Seed$453K82%
Bullfrog Gold Corp.Mining & ResourcesSeed$16.9M82%
Premier Gold Mines LtdMining & ResourcesSeries B$10.7M82%
Frequently asked
How much funding has Fury Gold Mines Ltd raised?
Fury Gold Mines Ltd has raised approximately $10.0M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Fury Gold Mines Ltd's estimated valuation?
Provath's modeled valuation for Fury Gold Mines Ltd is approximately $1.6M (modeled range $606K–$4.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Fury Gold Mines Ltd at?
Fury Gold Mines Ltd's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Mar 23.
What does Fury Gold Mines Ltd do and where is it based?
Fury Gold Mines Ltd operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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

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