Diligence memo · auto-generated · as of July 2, 2026
Ivor Exploration Inc.
Ivor Exploration Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Ivor Exploration Inc. operates in Mining & Resources, based in VANCOUVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Ivor Exploration Inc. has raised $11M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $10M on 2022-04-08.
Most recent recorded round closed around 2022-04-22.
Valuation (modeled)modeled
Provath models Ivor Exploration Inc. at approximately $1.6M (range $586K–$5.9M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 1 months.
Last raise 4.2 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 23.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 82% of Mining & Resources peers (701 compared).
Modeled value ranks above 44% of those peers.
Closest niche peers: 360 Mining, Inc., Arizona Sonoran Copper Co Inc., Reunion Gold Corp, American Strategic Metals Corp., MERIT Mining Ohio, LLC.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.