Diligence memo · auto-generated · as of July 2, 2026
Loncor Gold Inc.
Loncor Gold Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Loncor Gold Inc. operates in Mining & Resources, based in TORONTO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Loncor Gold Inc. has raised $32M in disclosed capital across 11 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.3M on 2011-02-01.
Most recent recorded round closed around 2025-05-23.
Valuation (modeled)modeled
Provath models Loncor Gold Inc. at approximately $4.8M (range $2.3M–$8.4M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.39× the median modeled value of Series A Mining & Resources companies in 2025–2027 (40 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 13 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 94% of Mining & Resources peers (701 compared).
Modeled value ranks above 65% of those peers.
Closest niche peers: Fortitude Gold Corp, San Cristobal Mining Inc., Torngat Metals Ltd, Rua Gold Inc., Red Metals, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.