Diligence memo · auto-generated · as of July 2, 2026
Midnight Sun Mining Corp.
Midnight Sun Mining Corp. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Midnight Sun Mining Corp. operates in Mining & Resources, based in VANCOUVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Midnight Sun Mining Corp. has raised $1.7M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.5M on 2025-10-28.
Most recent recorded round closed around 2025-10-28.
Valuation (modeled)modeled
Provath models Midnight Sun Mining Corp. at approximately $3.3M (range $1.3M–$6.1M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.19× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era. Within the normal band (119% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 52 months.
Last raise 8 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 9.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 46% of Mining & Resources peers (701 compared).
Modeled value ranks above 57% of those peers.
Closest niche peers: Blue Gold Ltd, Sierra Madre Gold & Silver Ltd., Metal Powder Works Ltd, Western Exploration Inc., Mayfair Gold Corp..
Peoplefiled
16 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.