Companies · Mining & Resources

Independence Gold Corp.

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

Diligence memoA one-page analyst read on Independence Gold Corp. — recommendation, valuation, rhythm, risks.
$557K
Total raised · real
3
Rounds
0.7×
Latest step-up
Top 78%
Sector rank · raised
Seed
Latest stage · inferred · Tue Jul 18 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Independence Gold Corp. looks under-valued against its niche peers and is at-risk 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 2022–2024 (63 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.0 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Independence Gold Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the long tail (ahead of 23% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2023-07-18
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$500K$1.0M$1.5M$2.0MPre-Seed · 2011-07-01 Raised $291K (real) Modeled valuation $1.9M (est)$291K$1.9MPre-Seed2011Seed · 2020-08-21 Raised $152K (real) Modeled valuation $799K (est)$152K$799KSeed2020Seed · 2023-07-18 Raised $114K (real) Modeled valuation $361K (est)$114K$361KSeed2023+$152K+$114KCumulative $557K

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$291K · 2011
Seed$152K · 2020
Seed extension$114K · 2023

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

Modeled valuation trajectory
$361K
Base estimate est.
$97K
Conservative case
$1.2M
Upside case
$569K
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.

Pre-Seed · modeled $1.9M · 2011-07-012011Seed · modeled $799K · 2020-08-21Seed · modeled $361K · 2023-07-182023
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
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
72 mo
Avg between rounds
$46K/yr
Capital velocity
15.0 yr
On record since
2011
First round
3
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) 0.2× of median
This company$557K
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$114K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$361K
Sector median$2.5M

Raised more than 23% of sector peers (real $). Modeled value above 11% 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 #63 of 63.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$100K$1.0M$10.0M$100.0MCapital raised (log)Medusa Mining Ltd · Seed Raised $3.8M · modeled $15.6M (est)HighGold Mining Inc. · Seed Raised $12.5M · modeled $13.2M (est)Modern Mining Technology Corp. · Seed Raised $3.3M · modeled $13.2M (est)Only Gold Development Ltd Liability Co · Seed Raised $3.5M · modeled $12.9M (est)Rex Gold Partners, LLC · Seed Raised $3.5M · modeled $12.7M (est)Cornish Metals Inc. · Seed Raised $3.2M · modeled $12.6M (est)Newport Mining LLC · Seed Raised $3.0M · modeled $11.6M (est)Quartz Lake Mining, Inc · Seed Raised $3.0M · modeled $10.0M (est)Transatlantic Gold, Corp. · Seed Raised $2.5M · modeled $9.5M (est)Military Metal Art HoldCo, LLC · Seed Raised $3.1M · modeled $8.8M (est)Snowline Gold Corp. · Seed Raised $3.1M · modeled $8.5M (est)Northern Vertex Mining Corp. · Seed Raised $2.8M · modeled $7.9M (est)Independence Gold Corp. (this company) Raised $557K · modeled $361K (est)Independence Gold Corp.
CompanyStageRaised · realValue · estvs peer med.
Medusa Mining LtdSeed$3.8M$15.6M4.35×
HighGold Mining Inc.Seed$12.5M$13.2M3.69×
Modern Mining Technology Corp.Seed$3.3M$13.2M3.68×
Only Gold Development Ltd Liability CoSeed$3.5M$12.9M3.59×
Rex Gold Partners, LLCSeed$3.5M$12.7M3.55×
Cornish Metals Inc.Seed$3.2M$12.6M3.51×
Newport Mining LLCSeed$3.0M$11.6M3.24×
Quartz Lake Mining, IncSeed$3.0M$10.0M2.79×
Transatlantic Gold, Corp.Seed$2.5M$9.5M2.65×
Military Metal Art HoldCo, LLCSeed$3.1M$8.8M2.45×
Snowline Gold Corp.Seed$3.1M$8.5M2.38×
Northern Vertex Mining Corp.Seed$2.8M$7.9M2.19×
Independence Gold Corp. this companySeed$557K$361K0.10×
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.
Pre-Seed$291K2011-07-01$1.6M$1.9M85%
Seed$152K2020-08-21$762K$799K90%
Seed$114K2023-07-18$569K$361K90%
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$291K2011-07-01
    • First recorded raise — entered as Pre-Seed.
  2. Seed$152K2020-08-21
    • Raised again after 110 mo — slower than the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  3. Seed$114K2023-07-18
    • Raised again after 35 mo — slower than the ~11 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2029 ~Q3
Modeled next raise · ~72mo cadence
$114K
Modeled next size est.range $114K$182K
0.7×
Last step-up
$46K/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
J. Christopher Mitchell3 other2011-07
David Christopher Pawliuk1 other2011-07
Darcy Christopher Marud2020-08
Harry Christopher Chan2020-08
John Christopher McDonald2011-07
Louis Christopher Montpellier2011-07
Michael Christopher McPhie2011-07
Randy Christopher Turner2011-07
Robert Christopher McLeod2011-07
Terry Christopher Salman2020-08
Yale Christopher Simpson2011-07
Registry & provenance

Independence Gold Corp. 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
1537317
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
Endurance Gold CorpMining & ResourcesSeed$7.9M$479Knetwork1 shared operator · same sector · same stage
Silver Quest Resources LtdOtherSeed$3.0M$45.1Mnetwork2 shared operators · same stage
North America Lithium & Gold CorpMining & ResourcesSeed$1.1M$2.3Msame sector · same stage
Gold Medal Girls Ltd Liability CoMining & ResourcesSeed$1.1M$2.5Msame sector · same stage
District Metals Corp.Mining & ResourcesSeed$1.1M$3.2Msame sector · same stage
1911 Gold CorpMining & ResourcesSeed$1.2M$2.5Msame sector · same stage
Huntsman Exploration Inc.Mining & ResourcesSeed$1.2M$242Ksame sector · same stage
Blue Jay Gold Corp.Mining & ResourcesSeed$1.2M$2.7Msame 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
Golden Independence Mining Corp.Mining & ResourcesPre-Seed$1.0M94%
Liberty Gold Corp. /CANMining & ResourcesSeries A$27.1M88%
Allied Gold CorpMining & ResourcesSeries A$21.8M87%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M86%
Magna Gold Corp.Mining & ResourcesPre-Seed$5.0M85%
Pershing Gold Corp.Mining & ResourcesSeries A$28.6M85%
Core Gold Inc.Mining & ResourcesPre-Seed$1.5M85%
Gold Port CorpMining & ResourcesPre-Seed$417K85%
Frequently asked
How much funding has Independence Gold Corp. raised?
Independence Gold Corp. has raised approximately $557K in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Independence Gold Corp.'s estimated valuation?
Provath's modeled valuation for Independence Gold Corp. is approximately $361K (modeled range $97K–$1.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Independence Gold Corp. at?
Independence Gold Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Jul 18.
What does Independence Gold Corp. do and where is it based?
Independence Gold Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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

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