Companies · Mining & Resources

Japan Gold Corp.

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

Diligence memoA one-page analyst read on Japan Gold Corp. — recommendation, valuation, rhythm, risks.
$20.6M
Total raised · real
9
Rounds
0.5×
Latest step-up
Top 11%
Sector rank · raised
Series A
Latest stage · inferred · Fri Aug 22 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Japan Gold Corp. looks under-valued against its niche peers and is active 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 0.21× the median modeled value of Series A Mining & Resources companies in 2025–2027 (40 peers) — value vs value, same stage and era.
Active
  • Last raise 10 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Japan Gold Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 90% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
3
Investors (latest)
2025-08-22
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 · 2016-09-15 Raised $201K (real) Modeled valuation $1.3M (est)Pre-Seed2016Seed · 2018-12-21 Raised $1.1M (real) Modeled valuation $5.9M (est)Seed2018Seed · 2019-08-21 Raised $2.4M (real) Modeled valuation $13M (est)Seed2019Seed · 2020-05-08 Raised $736K (real) Modeled valuation $3.9M (est)Seed2020Seed · 2020-05-29 Raised $1.2M (real) Modeled valuation $6.2M (est)Seed2020Series A · 2021-07-08 Raised $8.4M (real) Modeled valuation $33M (est)Series A2021Series A · 2023-05-09 Raised $3.6M (real) Modeled valuation $12M (est)Series A2023Series A · 2024-04-29 Raised $2.0M (real) Modeled valuation $5.9M (est)Series A2024Series A · 2025-08-22 Raised $992K (real) Modeled valuation $2.6M (est)Series A2025+$1.1M+$2.4M+$736K+$1.2M+$8.4M+$3.6M+$2.0M+$992KCumulative $21M

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$201K · 2016
Seed$1.1M · 2018
Seed extension$2.4M · 2019
Seed extension$736K · 2020
Seed extension$1.2M · 2020
Series A$8.4M · 2021
Series A extension$3.6M · 2023
Series A extension$2.0M · 2024
Series A extension$992K · 2025

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

Modeled valuation trajectory
$2.6M
Base estimate est.
$1.3M
Conservative case
$4.3M
Upside case
$4.5M
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 $1.3M · 2016-09-152016Seed · modeled $5.9M · 2018-12-21Seed · modeled $13.1M · 2019-08-21Seed · modeled $3.9M · 2020-05-08Seed · modeled $6.2M · 2020-05-29Series A · modeled $33.0M · 2021-07-08Series A · modeled $11.7M · 2023-05-09Series A · modeled $5.9M · 2024-04-29Series A · modeled $2.6M · 2025-08-222025
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
0.9 yr
Elapsed time used
0.9 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$2.3M/yr
Capital velocity
9.8 yr
On record since
2016
First round
9
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) 9.0× above median
This company$20.6M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$992K
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 1.0× above median
This company$2.6M
Sector median$2.5M

Raised more than 90% of sector peers (real $). Modeled value above 52% 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 #35 of 40.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Fortitude Gold Corp · Series A Raised $12.5M · modeled $29.6M (est)San Cristobal Mining Inc. · Series A Raised $17.2M · modeled $28.8M (est)Torngat Metals Ltd · Series A Raised $21.9M · modeled $27.1M (est)Rua Gold Inc. · Series A Raised $16.4M · modeled $25.0M (est)Red Metals, Inc. · Series A Raised $9.6M · modeled $23.7M (est)West Point Gold Corp. · Series A Raised $9.2M · modeled $21.3M (est)McFarlane Lake Mining Ltd · Series A Raised $7.9M · modeled $19.2M (est)Evolution Metals LLC · Series A Raised $7.2M · modeled $19.0M (est)Silverco Mining Ltd. · Series A Raised $7.7M · modeled $19.0M (est)Miedzi Copper Corp. · Series A Raised $10.7M · modeled $19.0M (est)Rise Gold Corp. · Series A Raised $20.9M · modeled $17.0M (est)TDG Gold Corp. · Series A Raised $6.6M · modeled $16.4M (est)Japan Gold Corp. (this company) Raised $20.6M · modeled $2.6M (est)Japan Gold Corp.
CompanyStageRaised · realValue · estvs peer med.
Fortitude Gold CorpSeries A$12.5M$29.6M2.41×
San Cristobal Mining Inc.Series A$17.2M$28.8M2.34×
Torngat Metals LtdSeries A$21.9M$27.1M2.20×
Rua Gold Inc.Series A$16.4M$25.0M2.03×
Red Metals, Inc.Series A$9.6M$23.7M1.93×
West Point Gold Corp.Series A$9.2M$21.3M1.73×
McFarlane Lake Mining LtdSeries A$7.9M$19.2M1.56×
Evolution Metals LLCSeries A$7.2M$19.0M1.54×
Silverco Mining Ltd.Series A$7.7M$19.0M1.54×
Miedzi Copper Corp.Series A$10.7M$19.0M1.54×
Rise Gold Corp.Series A$20.9M$17.0M1.38×
TDG Gold Corp.Series A$6.6M$16.4M1.33×
Japan Gold Corp. this companySeries A$20.6M$2.6M0.21×
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$201K2016-09-15$1.1M$1.3M85%
Seed$1.1M2018-12-21$5.5M$5.9M90%
Seed$2.4M2019-08-21$12.2M$13.1M90%
Seed$736K2020-05-08$3.7M$3.9M90%
Seed$1.2M2020-05-29$5.8M$6.2M90%
Series A$8.4M2021-07-08$38.1M$33.0M90%
Series A$3.6M2023-05-09$16.3M$11.7M90%
Series A$2.0M2024-04-29$9.1M$5.9M90%
Series A$992K2025-08-22$4.5M$2.6M90%
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$201K2016-09-15
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Seed$1.1M2018-12-21
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round 5.5× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Seed$2.4M2019-08-21
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 4 investors on this round.
  4. Seed$736K2020-05-08
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  5. Seed$1.2M2020-05-29
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 2 investors on this round.
  6. Series A$8.4M2021-07-08
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 7.3× larger than the prior — scaling up.
    • 12 investors on this round.
  7. Series A$3.6M2023-05-09
    • Raised again after 22 mo — slower than the ~11 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  8. Series A$2.0M2024-04-29
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Series A$992K2025-08-22
    • Raised 16 mo later, in step with the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~13mo cadence
$992K
Modeled next size est.range $992K$1.6M
0.5×
Last step-up
$2.3M/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
John Proust7 other2016-09
Murray Flanigan3 other2019-08
Sally Eyre3 other2018-12
Vincent Boon3 other2018-12
Michael Andrews2 other2016-09
Michael Carrick2 other2023-05
Robert Gallagher2 other2016-09
Fraser MacCorquodale1 other2024-04
Ian Burney1 other2023-05
Keiko Hattori1 other2025-08
Paul Harbidge1 other2023-05
Takashi Kuriyama1 other2023-05
Tanneke Heersche1 other2023-05
Andrew Rowe2018-12
Jeff Dunro2016-09
John Carlile2016-09
Mitsuhiko Yamada2018-12
Paul Harbridge2021-07
Registry & provenance

Japan 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
1686000
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
Rise Gold Corp.Mining & ResourcesSeries A$20.9M$17.0Mnetwork3 shared operators · same sector · same stage
Southern Arc Minerals IncMining & ResourcesSeries A$12.8M$587Knetwork3 shared operators · same sector · same stage
Japan Gold Corp.OtherPre-Seed$1.0M$1.7Mnetwork8 shared operators
RTG Mining Inc.Mining & ResourcesSeries A$18.3M$6.1Mnetwork1 shared operator · same sector · same stage
ADVENTUS MINING CorpMining & ResourcesSeries A$11.5M$1.6Mnetwork1 shared operator · same sector · same stage
Western Uranium & Vanadium Corp.Mining & ResourcesSeries A$20.5M$3.0Msame sector · same stage
Lincoln Ventures Ltd.OtherSeed$2.1M$4.4Mnetwork3 shared operators
Applied Minerals, Inc.Mining & ResourcesSeries A$19.5M$4.0Msame 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
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M88%
KO Gold Inc.Mining & ResourcesPre-Seed$774K87%
Mexican Gold Corp.Mining & ResourcesPre-Seed$601K87%
JDL Gold Corp.Mining & ResourcesSeries A$1.2M87%
Sanu Gold Corp.Mining & ResourcesPre-Seed$1.3M87%
Omega Gold Corp.Mining & ResourcesPre-Seed$595K86%
MAS Gold Corp.Mining & ResourcesSeed$4.9M86%
Koulou Gold Corp.Mining & ResourcesPre-Seed$393K86%
Frequently asked
How much funding has Japan Gold Corp. raised?
Japan Gold Corp. has raised approximately $20.6M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Japan Gold Corp.'s estimated valuation?
Provath's modeled valuation for Japan Gold Corp. is approximately $2.6M (modeled range $1.3M–$4.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Japan Gold Corp. at?
Japan Gold Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Aug 22.
What does Japan Gold Corp. do and where is it based?
Japan Gold Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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