Companies · Mining & Resources

Lara Exploration Ltd

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

Diligence memoA one-page analyst read on Lara Exploration Ltd — recommendation, valuation, rhythm, risks.
$3.9M
Total raised · real
4
Rounds
0.2×
Latest step-up
Top 36%
Sector rank · raised
Seed
Latest stage · inferred · Fri Jun 17 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Lara Exploration 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 0.17× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.0 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

Lara Exploration Ltd is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 65% 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
1
Investors (latest)
2022-06-17
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$2.5M$5.0M$7.5M$10MSeed · 2012-10-22 Raised $1.8M (real) Modeled valuation $9.8M (est)$1.8M$9.8MSeed2012Seed · 2016-08-18 Raised $1.3M (real) Modeled valuation $6.9M (est)$1.3M$6.9MSeed2016Seed · 2019-03-26 Raised $682K (real) Modeled valuation $3.7M (est)$682K$3.7MSeed2019Seed · 2022-06-17 Raised $155K (real) Modeled valuation $591K (est)$155K$591KSeed2022+$1.3M+$682K+$155KCumulative $3.9M

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
Seed$1.8M · 2012
Seed extension$1.3M · 2016
Seed extension$682K · 2019
Seed extension$155K · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$591K
Base estimate est.
$132K
Conservative case
$2.7M
Upside case
$773K
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.

Seed · modeled $9.8M · 2012-10-222012Seed · modeled $6.9M · 2016-08-18Seed · modeled $3.7M · 2019-03-26Seed · modeled $591K · 2022-06-172022
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
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
39 mo
Avg between rounds
$409K/yr
Capital velocity
13.7 yr
On record since
2012
First round
4
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) 1.7× above median
This company$3.9M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$155K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$591K
Sector median$2.5M

Raised more than 65% of sector peers (real $). Modeled value above 19% 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 #57 of 63.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$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 $7.8M (est)Lara Exploration Ltd (this company) Raised $3.9M · modeled $591K (est)Lara Exploration Ltd
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$7.8M2.19×
Lara Exploration Ltd this companySeed$3.9M$591K0.17×
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.
Seed$1.8M2012-10-22$9.1M$9.8M85%
Seed$1.3M2016-08-18$6.4M$6.9M85%
Seed$682K2019-03-26$3.4M$3.7M90%
Seed$155K2022-06-17$773K$591K90%
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. Seed$1.8M2012-10-22
    • First recorded raise — entered as Seed.
    • 108 investors on this round.
  2. Seed$1.3M2016-08-18
    • Raised again after 46 mo — slower than the ~11 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 15 investors on this round.
  3. Seed$682K2019-03-26
    • Raised again after 31 mo — slower than the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 22 investors on this round.
  4. Seed$155K2022-06-17
    • Raised again after 39 mo — slower than the ~11 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~39mo cadence
$155K
Modeled next size est.range $155K$247K
0.2×
Last step-up
$409K/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
Michael Dempsey Winn7 other2012-10
Kim Charisse Casswell6 other2012-10
David Lindsay MILES5 other2012-10
Miles Frederick Thompson1 other2012-10
Adrian Ross CALVERT2012-10
Andre Ross GAUTHIER2012-10
Byron W. KING2012-10
Christopher Byron JONES2012-10
Christopher Randall MacINTYRE2012-10
Geoffrey Ross Chater2016-08
Michael Robin BENNELL2012-10
Mike Robin Bennell2019-03
STEPHEN MARK YUZPE2022-06
WILLIAM C. STEERS2019-03
Registry & provenance

Lara Exploration 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
1357277
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
Reservoir Capital CorpOther EnergySeed$8.4M$5.8Mnetwork4 shared operators · same stage
Inter Geo Recourses, LLCOtherSeed$2.8M$20.7Mnetwork3 shared operators · same stage
Revelo Resources Corp.OtherSeed$8.5M$20.5Mnetwork3 shared operators · same stage
ATICO MINING CorpOther EnergySeries A$8.2M$3.6Mnetwork3 shared operators
Silver Mountain Resources, Inc.Mining & ResourcesSeed$4.0M$1.4Msame sector · same stage
Lithium Africa Corp.Mining & ResourcesSeed$4.0M$440Ksame sector · same stage
Xali Gold Corp.Mining & ResourcesSeed$3.8M$493Ksame sector · same stage
Orla Mining Ltd.Mining & ResourcesSeed$3.7M$2.1Msame 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
Western Exploration Inc.Mining & ResourcesSeed$7.5M85%
Cerro Mining Corp.Mining & ResourcesSeries A$23.5M83%
Nevada Exploration IncMining & ResourcesPre-Seed$551K83%
Hecla Mining Co/De/Mining & ResourcesSeries C$45.6M81%
Halo Exploration Ltd.Mining & ResourcesSeries A$25.0M81%
Titan Mining CorpMining & ResourcesPre-Seed$2.5M81%
Astra Exploration Inc.Mining & ResourcesPre-Seed$782K81%
Exploration Technologies, Inc./DEMining & ResourcesSeed$4.6M81%
Frequently asked
How much funding has Lara Exploration Ltd raised?
Lara Exploration Ltd has raised approximately $3.9M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Lara Exploration Ltd's estimated valuation?
Provath's modeled valuation for Lara Exploration Ltd is approximately $591K (modeled range $132K–$2.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Lara Exploration Ltd at?
Lara Exploration Ltd's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Jun 17.
What does Lara Exploration Ltd do and where is it based?
Lara Exploration Ltd operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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

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