Companies · Mining & Resources

Mega Uranium Ltd.

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

Diligence memoA one-page analyst read on Mega Uranium Ltd. — recommendation, valuation, rhythm, risks.
$3.1M
Total raised · real
3
Rounds
3.1×
Latest step-up
Top 42%
Sector rank · raised
Seed
Latest stage · inferred · Mon Dec 17 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Mega Uranium 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 0.37× the median modeled value of Seed Mining & Resources companies in 2016–2018 (23 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.5 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

Mega Uranium Ltd. is one of 701 Mining & Resources companies tracked from Toronto. By capital raised it ranks mid-pack (ahead of 59% 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
Rule 506(b)
Reg D exemption
4
Investors (latest)
2018-12-17
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$5.0M$10M$15M$20MSeed · 2009-10-26 Raised $2.5M (real) Modeled valuation $14M (est)$2.5M$14MSeed2009Seed · 2015-06-10 Raised $145K (real) Modeled valuation $781K (est)$145K$781KSeed2015Seed · 2018-12-17 Raised $452K (real) Modeled valuation $2.4M (est)$452K$2.4MSeed2018+$145K+$452KCumulative $3.1M

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$2.5M · 2009
Seed extension$145K · 2015
Seed extension$452K · 2018

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
$2.4M
Base estimate est.
$386K
Conservative case
$19.0M
Upside case
$2.3M
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 $13.5M · 2009-10-262009Seed · modeled $781K · 2015-06-10Seed · modeled $2.4M · 2018-12-172018
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
6.0 yr
Elapsed time used
7.5 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
55 mo
Avg between rounds
$341K/yr
Capital velocity
16.7 yr
On record since
2009
First round
3
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) 1.4× above median
This company$3.1M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.4× of median
This company$452K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.0× of median
This company$2.4M
Sector median$2.5M

Raised more than 59% of sector peers (real $). Modeled value above 51% 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 #20 of 23.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Constantine Metal Resources Ltd. · Seed Raised $3.5M · modeled $18.7M (est)Superior Gold Inc. · Seed Raised $4.1M · modeled $17.8M (est)Bare Metal Standard Inc. · Seed Raised $6.0M · modeled $16.1M (est)Kenadyr Mining (Holdings) Corp · Seed Raised $2.3M · modeled $12.3M (est)UltraConductive Copper Company, Inc. · Seed Raised $2.2M · modeled $11.6M (est)Honey Gold Processing Llc · Seed Raised $2.0M · modeled $10.7M (est)National Silver-Lead Mining Co · Seed Raised $2.4M · modeled $10.7M (est)Liquid Gold, LLC · Seed Raised $1.9M · modeled $10.2M (est)Antipa Minerals Ltd · Seed Raised $1.5M · modeled $8.1M (est)Quasar Mining Group, Inc. · Seed Raised $1.4M · modeled $7.6M (est)Discovery Metals Corp. · Seed Raised $1.3M · modeled $6.8M (est)Caracara Silver Inc. · Seed Raised $1.2M · modeled $6.5M (est)Mega Uranium Ltd. (this company) Raised $3.1M · modeled $2.4M (est)Mega Uranium Ltd.
CompanyStageRaised · realValue · estvs peer med.
Constantine Metal Resources Ltd.Seed$3.5M$18.7M2.87×
Superior Gold Inc.Seed$4.1M$17.8M2.73×
Bare Metal Standard Inc.Seed$6.0M$16.1M2.47×
Kenadyr Mining (Holdings) CorpSeed$2.3M$12.3M1.88×
UltraConductive Copper Company, Inc.Seed$2.2M$11.6M1.78×
Honey Gold Processing LlcSeed$2.0M$10.7M1.64×
National Silver-Lead Mining CoSeed$2.4M$10.7M1.64×
Liquid Gold, LLCSeed$1.9M$10.2M1.56×
Antipa Minerals LtdSeed$1.5M$8.1M1.24×
Quasar Mining Group, Inc.Seed$1.4M$7.6M1.17×
Discovery Metals Corp.Seed$1.3M$6.8M1.04×
Caracara Silver Inc.Seed$1.2M$6.5M1.00×
Mega Uranium Ltd. this companySeed$3.1M$2.4M0.37×
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$2.5M2009-10-26$12.6M$13.5M85%
Seed$145K2015-06-10$727K$781K85%
Seed$452K2018-12-17$2.3M$2.4M90%
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$2.5M2009-10-26
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Seed$145K2015-06-10
    • Raised again after 67 mo — slower than the ~11 mo sector norm.
    • Round 17.3× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  3. Seed$452K2018-12-17
    • Raised again after 42 mo — slower than the ~11 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 4 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~55mo cadence
$1.4M
Modeled next size est.range $881K$2.2M
3.1×
Last step-up
$341K/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
Carmelo Marrelli11 other2018-12
Richard Patricio10 other2009-10
Michael Sweatman3 other2009-10
Sheldon Inwentash3 other2009-10
Albert Contardi1 other2018-12
Anthony Grey1 other2009-10
Anthony J. Grey1 other2015-06
Douglas Reeson1 other2009-10
Larry Goldberg1 other2009-10
Stewart Taylor1 other2009-10
Arni J. Johnson2015-06
Arni Johannson2009-10
Douglas J. Reeson2015-06
Gerry J. Feldman2015-06
Michael Downes2009-10
Peter McNally2009-10
Richard Homsany2018-12
Richard J. Homsany2015-06
Stewart J. Taylor2015-06
Registry & provenance

Mega Uranium 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
1475655
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
U3O8 Corp.Other EnergySeed$2.4M$2.2Mnetwork3 shared operators · same stage
Borealis Mining Co LtdMining & ResourcesSeed$2.4M$2.1Mnetwork1 shared operator · same sector · same stage
Scorpio Gold CorpMining & ResourcesSeed$3.1M$317Ksame sector · same stage
Westward Gold Inc.Mining & ResourcesSeed$3.1M$2.1Msame sector · same stage
Stratus Silver Lining, Inc.Mining & ResourcesSeed$3.1M$2.7Msame sector · same stage
Ares Strategic Mining Inc.Mining & ResourcesSeed$3.2M$1.4Msame sector · same stage
Ridgeline Minerals CorpMining & ResourcesSeed$3.2M$2.5Msame sector · same stage
Atacama Copper CorpMining & ResourcesSeed$3.2M$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
Standard Uranium Ltd.Mining & ResourcesPre-Seed$448K90%
Uranium Energy CorpMining & ResourcesSeries B$407K90%
Myriad Uranium Corp.Mining & ResourcesPre-Seed$214K89%
Fission Uranium Corp.Mining & ResourcesSeries A$5.5M88%
International Consolidated Uranium Inc.Mining & ResourcesSeed$4.9M86%
Uranium Royalty Corp.Mining & ResourcesSeries A$32.8M86%
GoviEx Uranium Inc.Mining & ResourcesSeries A$968K85%
Basin Uranium Corp.Mining & ResourcesPre-Seed$382K85%
Frequently asked
How much funding has Mega Uranium Ltd. raised?
Mega Uranium Ltd. has raised approximately $3.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Mega Uranium Ltd.'s estimated valuation?
Provath's modeled valuation for Mega Uranium Ltd. is approximately $2.4M (modeled range $386K–$19.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mega Uranium Ltd. at?
Mega Uranium Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Dec 17.
What does Mega Uranium Ltd. do and where is it based?
Mega Uranium Ltd. operates in the Mining & Resources sector, based in Toronto.
Explore related

See where Mega Uranium 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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