Companies · Mining & Resources

Iconic Minerals Ltd.

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

Diligence memoA one-page analyst read on Iconic Minerals Ltd. — recommendation, valuation, rhythm, risks.
$960K
Total raised · real
3
Rounds
1.0×
Latest step-up
Top 67%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Jun 02 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Iconic Minerals Ltd. 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 0.58× the median modeled value of Pre-Seed Mining & Resources companies in 2016–2018 (35 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.1 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

Iconic Minerals Ltd. is one of 701 Mining & Resources companies tracked from VANCOVER. By capital raised it ranks in the long tail (ahead of 34% 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
3
Investors (latest)
2016-06-02
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2012-03-29 Raised $541K (real) Modeled valuation $3.6M (est)$541K$3.6MPre-Seed2012Pre-Seed · 2012-03-29 Raised $541K (real) Modeled valuation $3.6M (est)$541K$3.6MPre-Seed2012Pre-Seed · 2015-02-25 Raised $235K (real) Modeled valuation $1.6M (est)$235K$1.6MPre-Seed2015Pre-Seed · 2016-06-02 Raised $183K (real) Modeled valuation $1.2M (est)$183K$1.2MPre-Seed2016Pre-Seed · 2016-06-02 Raised $183K (real) Modeled valuation $1.2M (est)$183K$1.2MPre-Seed2016+$541K+$235K+$183K+$183KCumulative $1.7M

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
Pre-Seed$541K · 2012
Pre-Seed extension$541K · 2012
Pre-Seed extension$235K · 2015
Pre-Seed extension$183K · 2016
Pre-Seed extension$183K · 2016

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$1.2M
Base estimate est.
$116K
Conservative case
$13.9M
Upside case
$1.0M
Modeled post-money

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

Pre-Seed · modeled $3.6M · 2012-03-292012Pre-Seed · modeled $3.6M · 2012-03-29Pre-Seed · modeled $1.6M · 2015-02-25Pre-Seed · modeled $1.2M · 2016-06-02Pre-Seed · modeled $1.2M · 2016-06-022016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.27×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
10.1 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$230K/yr
Capital velocity
14.3 yr
On record since
2012
First round
5
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) 0.4× of median
This company$960K
Sector median$2.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.7× of median
This company$183K
Sector median$271K
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$1.2M
Sector median$2.5M

Raised more than 34% of sector peers (real $). Modeled value above 37% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #26 of 35.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)New Frontier Mining Corp. · Pre-Seed Raised $1.0M · modeled $6.7M (est)Metal Bank Ltd · Pre-Seed Raised $994K · modeled $6.6M (est)Silver Heritage Group Ltd · Pre-Seed Raised $983K · modeled $6.6M (est)Chakana Copper Corp · Pre-Seed Raised $1.3M · modeled $6.1M (est)Sayona Mining Ltd · Pre-Seed Raised $768K · modeled $5.1M (est)Freehill Mining Ltd · Pre-Seed Raised $755K · modeled $5.0M (est)Pacific Empire Minerals Corp · Pre-Seed Raised $1.0M · modeled $4.9M (est)Broadway Gold Mining Ltd. · Pre-Seed Raised $725K · modeled $4.8M (est)ALQ Gold Corp. · Pre-Seed Raised $719K · modeled $4.8M (est)Aurvista Gold Corp · Pre-Seed Raised $1.1M · modeled $4.2M (est)Verdant Minerals Ltd · Pre-Seed Raised $570K · modeled $3.8M (est)Santa Maria Petroleum Inc. · Pre-Seed Raised $536K · modeled $3.6M (est)Iconic Minerals Ltd. (this company) Raised $960K · modeled $1.2M (est)Iconic Minerals Ltd.
CompanyStageRaised · realValue · estvs peer med.
New Frontier Mining Corp.Pre-Seed$1.0M$6.7M3.16×
Metal Bank LtdPre-Seed$994K$6.6M3.14×
Silver Heritage Group LtdPre-Seed$983K$6.6M3.11×
Chakana Copper CorpPre-Seed$1.3M$6.1M2.89×
Sayona Mining LtdPre-Seed$768K$5.1M2.43×
Freehill Mining LtdPre-Seed$755K$5.0M2.39×
Pacific Empire Minerals CorpPre-Seed$1.0M$4.9M2.32×
Broadway Gold Mining Ltd.Pre-Seed$725K$4.8M2.29×
ALQ Gold Corp.Pre-Seed$719K$4.8M2.27×
Aurvista Gold CorpPre-Seed$1.1M$4.2M2.00×
Verdant Minerals LtdPre-Seed$570K$3.8M1.80×
Santa Maria Petroleum Inc.Pre-Seed$536K$3.6M1.69×
Iconic Minerals Ltd. this companyPre-Seed$960K$1.2M0.58×
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.
Pre-Seed$541K2012-03-29$3.0M$3.6M85%
Pre-Seed$541K2012-03-29$3.0M$3.6M85%
Pre-Seed$235K2015-02-25$1.3M$1.6M85%
Pre-Seed$183K2016-06-02$1.0M$1.2M90%
Pre-Seed$183K2016-06-02$1.0M$1.2M85%
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. Pre-Seed$541K2012-03-29
    • First recorded raise — entered as Pre-Seed.
    • 21 investors on this round.
  2. Pre-Seed$541K2012-03-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 06 (was Rule 506(b)).
    • 21 investors on this round.
  3. Pre-Seed$235K2015-02-25
    • Raised again after 35 mo — slower than the ~11 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  4. Pre-Seed$183K2016-06-02
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  5. Pre-Seed$183K2016-06-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
Intelligence
2017 ~Q2
Modeled next raise · ~13mo cadence
$183K
Modeled next size est.range $183K$294K
1.0×
Last step-up
$230K/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
MARK BILLINGS3 other2012-03
RICHARD BARNETT3 other2012-03
JOSEPH CHARLAND1 other2016-06
BASIL PANTAGES2012-03
HERB DUERR2012-03
HUITT TRACEY2015-02
JURGEN WOLF2012-03
RICHARD KERN2012-03
Registry & provenance

Iconic 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
1271580
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
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Aguila Copper Corp.Mining & ResourcesPre-Seed$959K$926Ksame sector · same stage
Volt Lithium Corp.Mining & ResourcesPre-Seed$955K$259Ksame sector · same stage
Premier American Uranium Inc.Mining & ResourcesPre-Seed$952K$1.7Msame sector · same stage
Advantage Lithium Corp.Mining & ResourcesPre-Seed$970K$1.1Msame 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
Wealth Minerals Ltd.Mining & ResourcesSeed$2.6M85%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M84%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M84%
Adamera Minerals Corp.Mining & ResourcesPre-Seed$212K82%
MINERALRITE CorpMining & ResourcesSeries D+$1.1B82%
Premier Gold Mines LtdMining & ResourcesSeries B$10.7M82%
Velocity Minerals Ltd.Mining & ResourcesSeed$498K82%
Golden Minerals CoMining & ResourcesSeries A$6.7M82%
Frequently asked
How much funding has Iconic Minerals Ltd. raised?
Iconic Minerals Ltd. has raised approximately $960K in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Iconic Minerals Ltd.'s estimated valuation?
Provath's modeled valuation for Iconic Minerals Ltd. is approximately $1.2M (modeled range $116K–$13.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Iconic Minerals Ltd. at?
Iconic Minerals Ltd.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Jun 02.
What does Iconic Minerals Ltd. do and where is it based?
Iconic Minerals Ltd. operates in the Mining & Resources sector, based in VANCOVER.
Explore related

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