Diligence memo · auto-generated · as of July 2, 2026
Gold Reserve Ltd
Gold Reserve Ltd has raised $250M over 6 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Gold Reserve Ltd operates in Mining & Resources, based in HAMILTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Gold Reserve Ltd has raised $250M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $75M on 2026-02-26.
Most recent recorded round closed around 2026-02-26.
Valuation (modeled)modeled
Provath models Gold Reserve Ltd at approximately $371M (range $275M–$448M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 28 months.
Last raise 4 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 2.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Mining & Resources peers (701 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Sunshine Silver Mining & Refining Co, Foran Mining Corp.
Peoplefiled
24 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.