Companies · Other Energy

Helius Minerals LtdNew on the radar

Vancouver · Other Energy

Diligence memoA one-page analyst read on Helius Minerals Ltd — recommendation, valuation, rhythm, risks.
$11.3M
Total raised · real
1
Rounds
Latest step-up
Top 29%
Sector rank · raised
Series A
Latest stage · inferred · Thu Feb 05 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Helius Minerals Ltd looks over-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy 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 1.51× the median modeled value of Series A Other Energy companies in 2025–2027 (43 peers) — value vs value, same stage and era.
Active
  • Last raise 5 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Other Energy

Helius Minerals Ltd is one of 2049 Other Energy companies tracked from Vancouver. By capital raised it ranks in the upper tier (ahead of 72% 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
35
Investors (latest)
2026-02-05
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$50MSeries A · 2026-02-05 Raised $11M (real) Modeled valuation $30M (est)$11M$30MSeries A2026

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
Series A$11.3M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$29.6M
Base estimate est.
$14.6M
Conservative case
$44.3M
Upside case
$51.2M
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 energy sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.28×/yr
Annual markup
1.61×/yr upside case
0.4 yr
Elapsed time used
0.4 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
0.4 yr
On record since
2026
First round
New
First-time filer
How it compares to the market

Benchmarked against 2049 companies in Other Energy. 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) 3.3× above median
This company$11.3M
Sector median$3.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.1× above median
This company$11.3M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$29.6M
Sector median$17.0M

Raised more than 72% of sector peers (real $). Modeled value above 61% 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 #7 of 43.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Industrial Biomass Group LLC · Series A Raised $15.0M · modeled $49.0M (est)Hixwood CFS Partners, LLC · Series A Raised $12.6M · modeled $43.1M (est)Endolith Inc. · Series A Raised $19.2M · modeled $38.9M (est)Sora Fuel Corp · Series A Raised $15.2M · modeled $37.3M (est)Sapphire Technologies, Inc. · Series A Raised $37.5M · modeled $36.5M (est)Otovo ASA · Series A Raised $14.0M · modeled $36.1M (est)Orenda, Inc. · Series A Raised $11.6M · modeled $27.2M (est)IsoEnergy Ltd. · Series A Raised $12.7M · modeled $26.8M (est)Fractal Power Inc. · Series A Raised $9.8M · modeled $26.0M (est)Shadow Power, Inc. · Series A Raised $7.3M · modeled $24.6M (est)Libertystream Infrastructure Partners Inc. · Series A Raised $16.4M · modeled $24.1M (est)Helius Minerals Ltd (this company) Raised $11.3M · modeled $29.6M (est)Helius Minerals Ltd
CompanyStageRaised · realValue · estvs peer med.
Industrial Biomass Group LLCSeries A$15.0M$49.0M2.50×
Hixwood CFS Partners, LLCSeries A$12.6M$43.1M2.20×
Endolith Inc.Series A$19.2M$38.9M1.98×
Sora Fuel CorpSeries A$15.2M$37.3M1.90×
Sapphire Technologies, Inc.Series A$37.5M$36.5M1.86×
Otovo ASASeries A$14.0M$36.1M1.84×
Helius Minerals Ltd this companySeries A$11.3M$29.6M1.51×
Orenda, Inc.Series A$11.6M$27.2M1.39×
IsoEnergy Ltd.Series A$12.7M$26.8M1.37×
Fractal Power Inc.Series A$9.8M$26.0M1.33×
Shadow Power, Inc.Series A$7.3M$24.6M1.26×
Libertystream Infrastructure Partners Inc.Series A$16.4M$24.1M1.23×
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.
Series A$11.3M2026-02-05$51.2M$29.6M90%
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. Series A$11.3M2026-02-05
    • First recorded raise — entered as Series A.
    • 35 investors on this round.
Intelligence
Modeled next raise
$18.0M
Modeled next size est.range $11.7M$28.8M
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
Evan Jones3 other2026-02
Brian Cole1 other2026-02
Samuel Clarke1 other2026-02
Christian Grainger2026-02
Registry & provenance

Helius Minerals 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
2114355
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
Infinity Water Solutions, LLCOther EnergySeries A$11.2M$39.1Msame sector · same stage
Ambri, Inc.Other EnergySeries A$11.1M$42.6Msame sector · same stage
High N-Ergy Angel Fund, LLCOther EnergySeries A$11.0M$26.1Msame sector · same stage
Syrcuit Energy Solutions, Inc.Other EnergySeries A$11.0M$20.2Msame sector · same stage
Orenda, Inc.Other EnergySeries A$11.6M$27.2Msame sector · same stage
Kansas Ethanol LLCOther EnergySeries A$10.9M$39.1Msame sector · same stage
Diversified Energy Group IncOther EnergySeries A$11.8M$19.5Msame sector · same stage
Emerald Circle Fuel Manufacturing, LLCOther EnergySeries A$11.8M$27.9Msame 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
Energy Materials CorpOther EnergySeed$40.9M85%
Global Energy Metals Corp.Other EnergyPre-Seed$1.7M85%
Khemia Metals IncOther EnergySeed$7.0M85%
HelioCasa CorpOther EnergySeries A$61.4M83%
Power Metallic Mines Inc.Other EnergyPre-Seed$1.7M83%
Atlas Energy Solutions Inc.Other EnergySeries D+$1.5B83%
Osisko Metals Inc.Other EnergySeries A$19.4M83%
GeoX Energy Inc.Other EnergySeries A$89.1M83%
Frequently asked
How much funding has Helius Minerals Ltd raised?
Helius Minerals Ltd has raised approximately $11.3M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Helius Minerals Ltd's estimated valuation?
Provath's modeled valuation for Helius Minerals Ltd is approximately $29.6M (modeled range $14.6M–$44.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Helius Minerals Ltd at?
Helius Minerals Ltd's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Feb 05.
What does Helius Minerals Ltd do and where is it based?
Helius Minerals Ltd operates in the Other Energy sector, based in Vancouver.
Explore related

See where Helius Minerals 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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