Companies · Mining & Resources

I-Minerals Inc

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

Diligence memoA one-page analyst read on I-Minerals Inc — recommendation, valuation, rhythm, risks.
$5.1M
Total raised · real
14
Rounds
0.8×
Latest step-up
Top 30%
Sector rank · raised
Seed
Latest stage · inferred · Tue Dec 17 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

I-Minerals Inc looks under-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.

Under-valued
  • Modeled value is 0.10× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.5 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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

I-Minerals Inc is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 71% of sector peers), and in the long tail 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)
2019-12-17
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$5.0M$10M$15M$20MSeed · 2011-04-29 Raised $2.1M (real) Modeled valuation $11M (est)Seed2011Seed · 2012-12-10 Raised $105K (real) Modeled valuation $566K (est)Seed2012Seed · 2013-01-21 Raised $177K (real) Modeled valuation $949K (est)Seed2013Seed · 2013-04-08 Raised $137K (real) Modeled valuation $738K (est)Seed2013Seed · 2013-04-18 Raised $335K (real) Modeled valuation $1.8M (est)Seed2013Seed · 2013-10-23 Raised $137K (real) Modeled valuation $735K (est)Seed2013Seed · 2014-03-04 Raised $194K (real) Modeled valuation $1.0M (est)Seed2014Seed · 2014-08-12 Raised $212K (real) Modeled valuation $1.1M (est)Seed2014Seed · 2014-12-17 Raised $312K (real) Modeled valuation $1.7M (est)Seed2014Seed · 2015-06-19 Raised $401K (real) Modeled valuation $2.2M (est)Seed2015Seed · 2015-07-10 Raised $194K (real) Modeled valuation $1.0M (est)Seed2015Seed · 2015-12-15 Raised $537K (real) Modeled valuation $2.9M (est)Seed2015Seed · 2016-01-05 Raised $129K (real) Modeled valuation $692K (est)Seed2016Seed · 2019-12-17 Raised $108K (real) Modeled valuation $577K (est)Seed2019Cumulative $5.1M

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$2.1M · 2011
Seed extension$105K · 2012
Seed extension$177K · 2013
Seed extension$137K · 2013
Seed extension$335K · 2013
Seed extension$137K · 2013
Seed extension$194K · 2014
Seed extension$212K · 2014
Seed extension$312K · 2014
Seed extension$401K · 2015
Seed extension$194K · 2015
Seed extension$537K · 2015
Seed extension$129K · 2016
Seed extension$108K · 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
$577K
Base estimate est.
$92K
Conservative case
$4.5M
Upside case
$538K
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.

Seed · modeled $11.2M · 2011-04-292011Seed · modeled $566K · 2012-12-10Seed · modeled $949K · 2013-01-21Seed · modeled $738K · 2013-04-08Seed · modeled $1.8M · 2013-04-18Seed · modeled $735K · 2013-10-23Seed · modeled $1.0M · 2014-03-04Seed · modeled $1.1M · 2014-08-12Seed · modeled $1.7M · 2014-12-17Seed · modeled $2.2M · 2015-06-19Seed · modeled $1.0M · 2015-07-10Seed · modeled $2.9M · 2015-12-15Seed · modeled $692K · 2016-01-05Seed · modeled $577K · 2019-12-172019
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
6.5 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$586K/yr
Capital velocity
15.2 yr
On record since
2011
First round
14
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) 2.2× above median
This company$5.1M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$108K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$577K
Sector median$2.5M

Raised more than 71% of sector peers (real $). Modeled value above 18% 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 #45 of 47.

This companyCohort peer
$100K$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)GARNEX GOLD Corp · Seed Raised $3.0M · modeled $16.1M (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)I-Minerals Inc (this company) Raised $5.1M · modeled $577K (est)I-Minerals Inc
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 CorpSeed$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×
I-Minerals Inc this companySeed$5.1M$577K0.10×
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$2.1M2011-04-29$10.4M$11.2M85%
Seed$105K2012-12-10$527K$566K85%
Seed$177K2013-01-21$883K$949K85%
Seed$137K2013-04-08$687K$738K85%
Seed$335K2013-04-18$1.7M$1.8M85%
Seed$137K2013-10-23$684K$735K85%
Seed$194K2014-03-04$969K$1.0M85%
Seed$212K2014-08-12$1.1M$1.1M85%
Seed$312K2014-12-17$1.6M$1.7M85%
Seed$401K2015-06-19$2.0M$2.2M85%
Seed$194K2015-07-10$968K$1.0M85%
Seed$537K2015-12-15$2.7M$2.9M85%
Seed$129K2016-01-05$644K$692K85%
Seed$108K2019-12-17$538K$577K90%
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$2.1M2011-04-29
    • First recorded raise — entered as Seed.
    • 6 investors on this round.
  2. Seed$105K2012-12-10
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round 19.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Seed$177K2013-01-21
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Seed$137K2013-04-08
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  5. Seed$335K2013-04-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× larger than the prior — scaling up.
    • 2 investors on this round.
  6. Seed$137K2013-10-23
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  7. Seed$194K2014-03-04
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 1 investor on this round.
  8. Seed$212K2014-08-12
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  9. Seed$312K2014-12-17
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 1 investor on this round.
  10. Seed$401K2015-06-19
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  11. Seed$194K2015-07-10
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  12. Seed$537K2015-12-15
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 1 investor on this round.
  13. Seed$129K2016-01-05
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 4.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  14. Seed$108K2019-12-17
    • Raised again after 47 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2020 ~Q3
Modeled next raise · ~8mo cadence
$108K
Modeled next size est.range $108K$172K
0.8×
Last step-up
$586K/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
Thomas M. Conway1 other2012-12
ALLEN BARRY BALL2011-04
ALLEN L BALL2012-12
JAMES BARRY CHILDRESS2014-08
JAMES GARY CHILDRESS2011-04
JAMES GRAY CHILDRESS2016-01
JOHN GARY THEOBALD2019-12
MATTHEW BARRY ANDERSON2014-08
MATTHEW J ANDERSON2012-12
ROGER BARRY KAUFFMAN2011-04
THOMAS BARRY CONWAY2011-04
WALTER BARRY GIRLING2011-04
WAYNE BARRY MOORHOUSE2014-08
WAYNE GARY MOORHOUSE2014-03
WAYNE GRAY MOORHOUSE2016-01
WILLIAM BARRY FILTNESS2011-04
Registry & provenance

I-Minerals Inc 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
1405663
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
Impact Silver Corp.Mining & ResourcesSeed$5.1M$1.0Msame sector · same stage
Viva Gold Corp.Mining & ResourcesSeed$4.9M$2.1Msame sector · same stage
Ethos Gold Corp.Mining & ResourcesSeed$5.2M$2.9Msame sector · same stage
Abacus Mining & Exploration CorpMining & ResourcesSeed$5.2M$217Ksame sector · same stage
Hannan Metals Ltd.Mining & ResourcesSeed$4.9M$1.5Msame sector · same stage
Defiance Silver Corp.Mining & ResourcesSeed$4.8M$683Ksame sector · same stage
Nuvau Minerals CorpMining & ResourcesSeed$4.8M$2.0Msame sector · same stage
Diamcor Mining Inc.Mining & ResourcesSeed$4.7M$1.5Msame 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
Integral Metals Corp.Mining & ResourcesPre-Seed$819K89%
East Asia Minerals CorpMining & ResourcesSeries B$6.5M89%
Orex Minerals IncMining & ResourcesSeed$1.6M87%
Applied Minerals, Inc.Mining & ResourcesSeries A$4.0M87%
E M Mining, Inc.Mining & ResourcesPre-Seed$4.0M87%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M86%
MINERALRITE CorpMining & ResourcesSeries D+$1.1B86%
Lucky Minerals Inc.Mining & ResourcesPre-Seed$885K86%
Frequently asked
How much funding has I-Minerals Inc raised?
I-Minerals Inc has raised approximately $5.1M in disclosed capital across 14 recorded financing rounds, aggregated from public filings.
What is I-Minerals Inc's estimated valuation?
Provath's modeled valuation for I-Minerals Inc is approximately $577K (modeled range $92K–$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 I-Minerals Inc at?
I-Minerals Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Dec 17.
What does I-Minerals Inc do and where is it based?
I-Minerals Inc operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where I-Minerals Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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