Diligence memo · auto-generated · as of July 2, 2026
Millennial Silver Corp.
Millennial Silver Corp. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Millennial Silver Corp. operates in Mining & Resources, based in TORONTO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Millennial Silver Corp. has raised $4.5M 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: $3.5M on 2021-02-11.
Most recent recorded round closed around 2021-02-11.
Valuation (modeled)modeled
Provath models Millennial Silver Corp. at approximately $17M (range $3.0M–$114M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 3.11× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 3 months.
Last raise 5.4 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 67% of Mining & Resources peers (701 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: Bullfrog Gold Corp., Digital Carpenters Mining LLC, Harfang Exploration Inc., GARNEX GOLD Corp, Ely Gold Royalties, Inc..
Peoplefiled
4 named people 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.