Companies · Mining & Resources

Lithium Ionic Corp.

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

Diligence memoA one-page analyst read on Lithium Ionic Corp. — recommendation, valuation, rhythm, risks.
$11.7M
Total raised · real
2
Rounds
1.0×
Latest step-up
Top 17%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jun 07 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Lithium Ionic Corp. looks over-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.

Over-valued
  • Modeled value is 2.05× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.1 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

Lithium Ionic Corp. is one of 701 Mining & Resources companies tracked from TORONTO. By capital raised it ranks in the upper tier (ahead of 84% of sector peers), and in the upper tier 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)
2020
Year incorporated
2024-06-07
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$5.0M$10M$15M$20MSeries A · 2023-07-31 Raised $5.9M (real) Modeled valuation $19M (est)$5.9M$19MSeries A2023Series A · 2024-06-07 Raised $5.8M (real) Modeled valuation $17M (est)$5.8M$17MSeries A2024+$5.8MCumulative $12M

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
Series A$5.9M · 2023
Series A extension$5.8M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$17.1M
Base estimate est.
$7.5M
Conservative case
$37.4M
Upside case
$26.5M
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.

Series A · modeled $18.8M · 2023-07-312023Series A · modeled $17.1M · 2024-06-072024
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
2.1 yr
Elapsed time used
2.1 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$13.7M/yr
Capital velocity
2.9 yr
On record since
2023
First round
2
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) 5.1× above median
This company$11.7M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.4× above median
This company$5.8M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 6.7× above median
This company$17.1M
Sector median$2.5M

Raised more than 84% of sector peers (real $). Modeled value above 85% 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 #15 of 40.

This companyCohort peer
$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)Lithium Ionic Corp. (this company) Raised $11.7M · modeled $17.1M (est)Lithium Ionic Corp.
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×
Lithium Ionic Corp. this companySeries A$11.7M$17.1M2.05×
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.
Series A$5.9M2023-07-31$26.8M$18.8M90%
Series A$5.8M2024-06-07$26.5M$17.1M90%
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. Series A$5.9M2023-07-31
    • First recorded raise — entered as Series A.
    • 2 investors on this round.
  2. Series A$5.8M2024-06-07
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~10mo cadence
$5.8M
Modeled next size est.range $5.8M$9.3M
1.0×
Last step-up
$13.7M/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
BLAKE HYLANDS3 other2023-07
Damian Lopez2 other2023-07
Ian Pritchard2 other2024-06
Helio Diniz1 other2023-07
Lawrence Guy1 other2023-07
Tom Olesinski1 other2023-07
David Grower2023-07
Juliana Sprott2024-06
Michael Shuh2023-07
Patrizia Ferrarese2023-07
Paulo Guimaraes Misk2024-06
Registry & provenance

Lithium Ionic 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
1976829
SEC CIK
2020
Incorporated
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
Troilus Gold Corp.Mining & ResourcesSeries A$7.9M$5.7Mnetwork3 shared operators · same sector · same stage
Signal Gold Inc.Mining & ResourcesSeries A$7.7M$1.9Mnetwork1 shared operator · same sector · same stage
Altura Mining LtdMining & ResourcesSeries A$11.6M$28.2Msame sector · same stage
ADVENTUS MINING CorpMining & ResourcesSeries A$11.5M$1.6Msame sector · same stage
Paramount Gold Nevada Corp.Mining & ResourcesSeries A$12.0M$23.3Msame sector · same stage
Gold Express Mines, Inc.Mining & ResourcesSeries A$11.4M$2.0Msame sector · same stage
Westmountain Gold, Inc.Mining & ResourcesSeries A$12.2M$19.7Msame sector · same stage
Monetary Metals & Co.Mining & ResourcesSeries A$11.1M$17.4Msame 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
Volt Lithium Corp.Mining & ResourcesPre-Seed$258K92%
ALPHA LITHIUM CorpMining & ResourcesPre-Seed$1.2M91%
Lithium Africa Corp.Mining & ResourcesSeed$440K91%
United Lithium Corp.Mining & ResourcesPre-Seed$361K91%
Next Lithium Corp.Mining & ResourcesSeed$611K91%
Lithium Africa Resources Corp.Mining & ResourcesSeed$479K89%
Tirica Lithium Corp.Mining & ResourcesPre-Seed$500K89%
Consolidated Lithium Metals Inc.Mining & ResourcesPre-Seed$1.2M89%
Frequently asked
How much funding has Lithium Ionic Corp. raised?
Lithium Ionic Corp. has raised approximately $11.7M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Lithium Ionic Corp.'s estimated valuation?
Provath's modeled valuation for Lithium Ionic Corp. is approximately $17.1M (modeled range $7.5M–$37.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Lithium Ionic Corp. at?
Lithium Ionic Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jun 07.
What does Lithium Ionic Corp. do and where is it based?
Lithium Ionic Corp. operates in the Mining & Resources sector, based in TORONTO.
Explore related

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