Diligence memo · auto-generated · as of July 2, 2026
MERIT Mining Ohio, LLC
MERIT Mining Ohio, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
MERIT Mining Ohio, LLC operates in Mining & Resources, based in HARRISBURG.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
MERIT Mining Ohio, LLC has raised $10M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $10M on 2022-12-28.
Most recent recorded round closed around 2022-12-28.
Valuation (modeled)modeled
Provath models MERIT Mining Ohio, LLC at approximately $34M (range $13M–$104M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 4.08× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 3.5 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 80% of Mining & Resources peers (701 compared).
Modeled value ranks above 92% of those peers.
Closest niche peers: 360 Mining, Inc., Arizona Sonoran Copper Co Inc., Reunion Gold Corp, American Strategic Metals Corp., Northern Dynasty Minerals Ltd.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.