Diligence memo · auto-generated · as of July 2, 2026
Lost River Mining, Inc.
Lost River Mining, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Lost River Mining, Inc. operates in Mining & Resources, based in JUNEAU.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lost River Mining, Inc. has raised $51M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2023-06-21.
Most recent recorded round closed around 2025-09-24.
Valuation (modeled)modeled
Provath models Lost River Mining, Inc. at approximately $13M (range $8.3M–$18M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.17× the median modeled value of Series B Mining & Resources companies in 2025–2027 (15 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 9 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 5.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Mining & Resources peers (701 compared).
Modeled value ranks above 82% of those peers.
Closest niche peers: Firefly Minerals, LLC, Tectonic Metals Inc., U.S. Gold Corp., Critical Metals Corp., NGEx Minerals Ltd..
Peoplefiled
11 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.