Companies · Mining & Resources

GARNEX GOLD Corp

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

Diligence memoA one-page analyst read on GARNEX GOLD Corp — recommendation, valuation, rhythm, risks.
$3.0M
Total raised · real
1
Rounds
Latest step-up
Top 43%
Sector rank · raised
Seed
Latest stage · inferred · Mon Jul 01 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

GARNEX GOLD Corp looks over-valued against its niche peers and is dormant 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.

Over-valued
  • Modeled value is 2.92× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
Dormant
  • Last raise 7.0 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.
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

GARNEX GOLD Corp is one of 701 Mining & Resources companies tracked from MISSOULA. By capital raised it ranks mid-pack (ahead of 58% of sector peers), and in the upper tier 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(c)
Reg D exemption
2018
Year incorporated
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$5.0M$10M$15M$20MSeed · 2019-07-01 Raised $3.0M (real) Modeled valuation $16M (est)$3.0M$16MSeed2019

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
Seed$3.0M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$16.1M
Base estimate est.
$2.6M
Conservative case
$126.4M
Upside case
$15.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/yr upside case
6.0 yr
Elapsed time used
7.0 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
7.0 yr
On record since
2019
First round
1
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) 1.3× above median
This company$3.0M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.8× above median
This company$3.0M
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 6.4× above median
This company$16.1M
Sector median$2.5M

Raised more than 58% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #5 of 47.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Millennial Silver Corp. · Seed Raised $4.5M · modeled $17.1M (est)Bullfrog Gold Corp. · Seed Raised $11.9M · modeled $16.9M (est)Digital Carpenters Mining LLC · Seed Raised $3.5M · modeled $16.8M (est)Harfang Exploration Inc. · Seed Raised $3.9M · modeled $16.4M (est)Ely Gold Royalties, Inc. · Seed Raised $4.9M · modeled $13.2M (est)Levitated Metals Holdings, LLC · Seed Raised $2.4M · modeled $12.9M (est)StrikePoint Gold Inc. · Seed Raised $2.5M · modeled $12.8M (est)Digital Gold Innovation Technologies Private Ltd · Seed Raised $3.0M · modeled $12.7M (est)Azimut Exploration Inc. · Seed Raised $4.1M · modeled $11.6M (est)Minaurum Gold Inc. · Seed Raised $2.9M · modeled $11.1M (est)American Pacific Mining Corp · Seed Raised $5.2M · modeled $10.1M (est)GARNEX GOLD Corp (this company) Raised $3.0M · modeled $16.1M (est)GARNEX GOLD Corp
CompanyStageRaised · realValue · estvs peer med.
Millennial Silver Corp.Seed$4.5M$17.1M3.11×
Bullfrog Gold Corp.Seed$11.9M$16.9M3.08×
Digital Carpenters Mining LLCSeed$3.5M$16.8M3.04×
Harfang Exploration Inc.Seed$3.9M$16.4M2.98×
GARNEX GOLD Corp this companySeed$3.0M$16.1M2.92×
Ely Gold Royalties, Inc.Seed$4.9M$13.2M2.39×
Levitated Metals Holdings, LLCSeed$2.4M$12.9M2.35×
StrikePoint Gold Inc.Seed$2.5M$12.8M2.33×
Digital Gold Innovation Technologies Private LtdSeed$3.0M$12.7M2.31×
Azimut Exploration Inc.Seed$4.1M$11.6M2.10×
Minaurum Gold Inc.Seed$2.9M$11.1M2.02×
American Pacific Mining CorpSeed$5.2M$10.1M1.83×
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.
Seed$3.0M2019-07-01$15.0M$16.1M90%
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. Seed$3.0M2019-07-01
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$4.8M
Modeled next size est.range $3.1M$7.7M
Last step-up
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 D. Brown1 other2019-07
David E Boleneus2019-07
J. Robert W Flesher2019-07
Richard T Kunisaki2019-07
Walter W Wolf2019-07
Registry & provenance

GARNEX GOLD Corp 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
1774383
SEC CIK
2018
Incorporated
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
B & N Mining, Inc.Mining & ResourcesSeed$3.0M$6.1Msame sector · same stage
Digital Gold Innovation Technologies Private LtdMining & ResourcesSeed$3.0M$12.7Msame sector · same stage
Newport Mining LLCMining & ResourcesSeed$3.0M$11.6Msame sector · same stage
Kuya Silver Corp./BCMining & ResourcesSeed$3.0M$2.9Msame sector · same stage
Quartz Lake Mining, IncMining & ResourcesSeed$3.0M$10.0Msame sector · same stage
Durango Gold Corp.Mining & ResourcesSeed$3.1M$4.8Msame sector · same stage
Snowline Gold Corp.Mining & ResourcesSeed$3.1M$8.5Msame sector · same stage
Westward Gold Inc.Mining & ResourcesSeed$3.1M$2.1Msame 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
NexGold Mining Corp.Mining & ResourcesSeed$3.3M87%
Canamex Gold Corp.Mining & ResourcesSeed$3.2M87%
Corex Gold CorpMining & ResourcesSeed$794K87%
AEX Gold Inc.Mining & ResourcesSeries A$26.1M87%
Galleon Gold Corp.Mining & ResourcesPre-Seed$1.1M86%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M86%
Gold Bull Resources Corp.Mining & ResourcesPre-Seed$2.1M86%
Austin Gold Corp.Mining & ResourcesPre-Seed$2.0M85%
Frequently asked
How much funding has GARNEX GOLD Corp raised?
GARNEX GOLD Corp has raised approximately $3.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is GARNEX GOLD Corp's estimated valuation?
Provath's modeled valuation for GARNEX GOLD Corp is approximately $16.1M (modeled range $2.6M–$126.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is GARNEX GOLD Corp at?
GARNEX GOLD Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Jul 01.
What does GARNEX GOLD Corp do and where is it based?
GARNEX GOLD Corp operates in the Mining & Resources sector, based in MISSOULA.
Explore related

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