Companies · Mining & Resources

Ivor Exploration Inc.

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

Diligence memoA one-page analyst read on Ivor Exploration Inc. — recommendation, valuation, rhythm, risks.
$11.0M
Total raised · real
3
Rounds
0.0×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Fri Apr 22 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Ivor Exploration 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 0.20× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.2 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

Ivor Exploration Inc. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 82% 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
2
Investors (latest)
2022-04-22
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$50MPre-Seed · 2022-03-18 Raised $118K (real) Modeled valuation $522K (est)$118K$522KPre-Seed2022Series A · 2022-04-08 Raised $10M (real) Modeled valuation $38M (est)$10M$38MSeries A2022Series A · 2022-04-22 Raised $453K (real) Modeled valuation $1.6M (est)$453K$1.6MSeries A2022+$10M+$453KCumulative $11M

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$118K · 2022
Series A$10.4M · 2022no Seed on file
Series A extension$453K · 2022

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$1.6M
Base estimate est.
$586K
Conservative case
$5.9M
Upside case
$2.1M
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 extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $522K · 2022-03-182022Series A · modeled $38.0M · 2022-04-08Series A · modeled $1.6M · 2022-04-222022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
1 mo
Avg between rounds
Capital velocity
4.3 yr
On record since
2022
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) 4.8× above median
This company$11.0M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$453K
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$1.6M
Sector median$2.5M

Raised more than 82% of sector peers (real $). Modeled value above 44% 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 #30 of 40.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)360 Mining, Inc. · Series A Raised $12.8M · modeled $43.7M (est)Arizona Sonoran Copper Co Inc. · Series A Raised $11.1M · modeled $35.5M (est)Reunion Gold Corp · Series A Raised $19.8M · modeled $34.8M (est)American Strategic Metals Corp. · Series A Raised $11.4M · modeled $34.4M (est)MERIT Mining Ohio, LLC · Series A Raised $10.0M · modeled $33.9M (est)Northern Dynasty Minerals Ltd · Series A Raised $23.2M · modeled $31.0M (est)Monetary Metals Bond II, LLC · Series A Raised $8.5M · modeled $29.2M (est)Liberty Gold Corp. /CAN · Series A Raised $10.5M · modeled $27.1M (est)Silver Tiger Metals Inc. · Series A Raised $7.6M · modeled $25.1M (est)Filo Mining Corp. · Series A Raised $7.5M · modeled $24.2M (est)Allied Gold Corp · Series A Raised $6.9M · modeled $21.8M (est)Contango ORE, Inc. · Series A Raised $5.7M · modeled $19.3M (est)Ivor Exploration Inc. (this company) Raised $11.0M · modeled $1.6M (est)Ivor Exploration Inc.
CompanyStageRaised · realValue · estvs peer med.
360 Mining, Inc.Series A$12.8M$43.7M5.25×
Arizona Sonoran Copper Co Inc.Series A$11.1M$35.5M4.28×
Reunion Gold CorpSeries A$19.8M$34.8M4.19×
American Strategic Metals Corp.Series A$11.4M$34.4M4.14×
MERIT Mining Ohio, LLCSeries A$10.0M$33.9M4.08×
Northern Dynasty Minerals LtdSeries A$23.2M$31.0M3.73×
Monetary Metals Bond II, LLCSeries A$8.5M$29.2M3.52×
Liberty Gold Corp. /CANSeries A$10.5M$27.1M3.26×
Silver Tiger Metals Inc.Series A$7.6M$25.1M3.02×
Filo Mining Corp.Series A$7.5M$24.2M2.91×
Allied Gold CorpSeries A$6.9M$21.8M2.62×
Contango ORE, Inc.Series A$5.7M$19.3M2.33×
Ivor Exploration Inc. this companySeries A$11.0M$1.6M0.20×
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$118K2022-03-18$655K$522K90%
Series A$10.4M2022-04-08$47.3M$38.0M90%
Series A$453K2022-04-22$2.1M$1.6M90%
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. Pre-Seed$118K2022-03-18
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Series A$10.4M2022-04-08
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 88.3× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Series A$453K2022-04-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 23.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~1mo cadence
$453K
Modeled next size est.range $453K$724K
0.0×
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
DAVID W FOREST2022-03
JAMES W MCCREA2022-03
JAN WEI LI URATA2022-03
JAY W SUJIR2022-03
JESSE W HAHN2022-03
VIVIEN WEI LI CHUANG2022-03
Registry & provenance

Ivor Exploration 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
1919564
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
Fortius Metals, Inc.Mining & ResourcesSeries A$11.0M$1.5Msame sector · same stage
PPX Mining Corp.Mining & ResourcesSeries A$10.7M$510Ksame sector · same stage
Gold Express Mines, Inc.Mining & ResourcesSeries A$11.4M$2.0Msame sector · same stage
ADVENTUS MINING CorpMining & ResourcesSeries A$11.5M$1.6Msame sector · same stage
Goldsource Mines Inc.Mining & ResourcesSeries A$11.7M$869Ksame sector · same stage
Bear Creek Mining CorpMining & ResourcesSeries A$10.2M$1.7Msame sector · same stage
Silver Bull Resources, Inc.Mining & ResourcesSeries A$11.9M$397Ksame sector · same stage
Fury Gold Mines LtdMining & ResourcesSeries A$10.0M$1.6Msame 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
Astra Exploration Inc.Mining & ResourcesPre-Seed$782K82%
Nevada Exploration IncMining & ResourcesPre-Seed$551K80%
Apex Mining, LLCMining & ResourcesPre-Seed$5.5M80%
US American Exploration, Inc.Mining & ResourcesSeries A$18.4M80%
Western Exploration Inc.Mining & ResourcesSeed$7.5M80%
Skarb Exploration Corp.Mining & ResourcesPre-Seed$1.3M80%
Copaur Minerals Inc.Mining & ResourcesSeed$4.9M80%
Pacific Ridge Exploration LtdMining & ResourcesPre-Seed$1.6M80%
Frequently asked
How much funding has Ivor Exploration Inc. raised?
Ivor Exploration Inc. has raised approximately $11.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Ivor Exploration Inc.'s estimated valuation?
Provath's modeled valuation for Ivor Exploration Inc. is approximately $1.6M (modeled range $586K–$5.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ivor Exploration Inc. at?
Ivor Exploration Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Apr 22.
What does Ivor Exploration Inc. do and where is it based?
Ivor Exploration Inc. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where Ivor Exploration 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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