Diligence memo · auto-generated · as of July 2, 2026
GARNEX GOLD Corp
GARNEX GOLD Corp looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
GARNEX GOLD Corp operates in Mining & Resources, based in MISSOULA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
GARNEX GOLD Corp has raised $3.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.0M on 2019-07-01.
Most recent recorded round closed around 2019-07-01.
Valuation (modeled)modeled
Provath models GARNEX GOLD Corp at approximately $16M (range $2.6M–$126M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 58% of Mining & Resources peers (701 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: Millennial Silver Corp., Bullfrog Gold Corp., Digital Carpenters Mining LLC, Harfang Exploration Inc., Ely Gold Royalties, Inc..
Peoplefiled
5 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.