Companies · Other

Metalite Resources Inc.

Toronto · Other

Diligence memoA one-page analyst read on Metalite Resources Inc. — recommendation, valuation, rhythm, risks.
$971K
Total raised · real
2
Rounds
3.9×
Latest step-up
Top 66%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Feb 21 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Metalite Resources Inc. 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.

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 2.77× the median modeled value of Pre-Seed Other companies in 2022–2024 (1723 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.4 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 Other

Metalite Resources Inc. is one of 25015 Other companies tracked from Toronto. By capital raised it ranks in the long tail (ahead of 35% of sector peers), and in the long tail 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
12
Investors (latest)
2019
Year incorporated
2023-02-21
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$2.5M$5.0M$7.5M$10MPre-Seed · 2021-10-01 Raised $198K (real) Modeled valuation $2.6M (est)$198K$2.6MPre-Seed2021Pre-Seed · 2023-02-21 Raised $773K (real) Modeled valuation $5.6M (est)$773K$5.6MPre-Seed2023+$773KCumulative $971K

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
Pre-Seed$198K · 2021
Pre-Seed extension$773K · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$5.6M
Base estimate est.
$516K
Conservative case
$28.6M
Upside case
$4.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $2.6M · 2021-10-012021Pre-Seed · modeled $5.6M · 2023-02-212023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
3.4 yr
Elapsed time used
3.4 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$698K/yr
Capital velocity
4.8 yr
On record since
2021
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 0.5× of median
This company$971K
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.2× above median
This company$773K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$5.6M
Sector median$17.7M

Raised more than 35% of sector peers (real $). Modeled value above 27% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #186 of 1,723.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)El American Inc. · Pre-Seed Raised $1.0M · modeled $11.9M (est)AEA Hope, LLC · Pre-Seed Raised $1.0M · modeled $11.8M (est)Joy Milk Tea Inc. · Pre-Seed Raised $1.0M · modeled $11.7M (est)Manage Mindfully, Inc. · Pre-Seed Raised $1.0M · modeled $11.5M (est)ValiDateMe LLC · Pre-Seed Raised $1.0M · modeled $11.4M (est)Phoenix Asset Recovery Corp · Pre-Seed Raised $1.0M · modeled $11.3M (est)BW-IGC, Inc. · Pre-Seed Raised $1.0M · modeled $11.3M (est)Hge Fic N Llc · Pre-Seed Raised $1.0M · modeled $10.7M (est)Isegoria, Inc · Pre-Seed Raised $1.0M · modeled $10.7M (est)Brookstone VC Blaze, LLC · Pre-Seed Raised $961K · modeled $10.5M (est)Supreme Colas LLC · Pre-Seed Raised $1.0M · modeled $10.5M (est)Asian Court Holdings, Inc. · Pre-Seed Raised $897K · modeled $10.5M (est)Metalite Resources Inc. (this company) Raised $971K · modeled $5.6M (est)Metalite Resources Inc.
CompanyStageRaised · realValue · estvs peer med.
El American Inc.Pre-Seed$1.0M$11.9M5.88×
AEA Hope, LLCPre-Seed$1.0M$11.8M5.85×
Joy Milk Tea Inc.Pre-Seed$1.0M$11.7M5.77×
Manage Mindfully, Inc.Pre-Seed$1.0M$11.5M5.70×
ValiDateMe LLCPre-Seed$1.0M$11.4M5.64×
Phoenix Asset Recovery CorpPre-Seed$1.0M$11.3M5.58×
BW-IGC, Inc.Pre-Seed$1.0M$11.3M5.58×
Hge Fic N LlcPre-Seed$1.0M$10.7M5.28×
Isegoria, IncPre-Seed$1.0M$10.7M5.26×
Brookstone VC Blaze, LLCPre-Seed$961K$10.5M5.20×
Supreme Colas LLCPre-Seed$1.0M$10.5M5.18×
Asian Court Holdings, Inc.Pre-Seed$897K$10.5M5.18×
Metalite Resources Inc. this companyPre-Seed$971K$5.6M2.77×
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.
Pre-Seed$198K2021-10-01$1.1M$2.6M90%
Pre-Seed$773K2023-02-21$4.3M$5.6M90%
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. Pre-Seed$198K2021-10-01
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$773K2023-02-21
    • Raised 17 mo later, in step with the ~11 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • 12 investors on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~17mo cadence
$2.3M
Modeled next size est.range $1.5M$3.7M
3.9×
Last step-up
$698K/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
Daniel Cohen14 other2023-02
JONATHAN YOUNIE1 other2021-10
Michael Mulberry1 other2021-10
Vishal Gupta1 other2023-02
David J. Kol2023-02
Michael J. Singer2023-02
Remantra J. Sheopaul2023-02
Warren Robb2021-10
Yana Bobrovskaya2021-10
Registry & provenance

Metalite Resources Inc. 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
1887706
SEC CIK
2019
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
Two Tails Story Co. LLCOtherPre-Seed$435K$6.3Mnetwork1 shared operator · same sector · same stage
Encore Renaissance Resources CorpOtherPre-Seed$250K$5.8Mnetwork1 shared operator · same sector · same stage
Greenwave Foods, Inc.OtherPre-Seed$980K$5.8Msame sector · same stage
Fuel Better, Inc.OtherPre-Seed$960K$5.6Msame sector · same stage
Podyum, LlcOtherPre-Seed$990K$5.5Msame sector · same stage
Nourish Cult, LlcOtherPre-Seed$950K$5.7Msame sector · same stage
Freedom Allen Hockey LLCOtherPre-Seed$1.0M$5.7Msame sector · same stage
Voomi Supply Inc.OtherPre-Seed$1.0M$5.6Msame 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
Metallis Resources Inc.OtherPre-Seed$13.1M91%
Metallum Resources Inc.OtherSeed$5.5M90%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M90%
Treasury Metals IncMining & ResourcesPre-Seed$705K87%
Lion Rock Resources Inc.OtherPre-Seed$1.6M87%
Millrock Resources IncOtherSeed$3.0M87%
Metal Stacks, LLCMining & ResourcesPre-Seed$756K87%
Desktop Metal, Inc.Mining & ResourcesSeries D+$796.4M87%
Frequently asked
How much funding has Metalite Resources Inc. raised?
Metalite Resources Inc. has raised approximately $971K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Metalite Resources Inc.'s estimated valuation?
Provath's modeled valuation for Metalite Resources Inc. is approximately $5.6M (modeled range $516K–$28.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Metalite Resources Inc. at?
Metalite Resources Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Feb 21.
What does Metalite Resources Inc. do and where is it based?
Metalite Resources Inc. operates in the Other sector, based in Toronto.
Explore related

See where Metalite Resources Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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