Companies · Mining & Resources

Montage Gold Corp.

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

Diligence memoA one-page analyst read on Montage Gold Corp. — recommendation, valuation, rhythm, risks.
$5.3M
Total raised · real
2
Rounds
0.5×
Latest step-up
Top 29%
Sector rank · raised
Seed
Latest stage · inferred · Wed Aug 14 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Montage Gold Corp. looks fair 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. 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.

Fair
  • Modeled value is 1.22× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
  • Within the normal band (122% of peer median) for its niche.
At-risk
  • Last raise 23 mo 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 Mining & Resources

Montage Gold Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 72% 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
1
Investors (latest)
2019
Year incorporated
2024-08-14
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 · 2023-04-12 Raised $3.7M (real) Modeled valuation $12M (est)$3.7M$12MSeed2023Seed · 2024-08-14 Raised $1.7M (real) Modeled valuation $4.4M (est)$1.7M$4.4MSeed2024+$1.7MCumulative $5.3M

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$3.7M · 2023
Seed extension$1.7M · 2024

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
$4.4M
Base estimate est.
$1.4M
Conservative case
$11.2M
Upside case
$8.3M
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 $12.2M · 2023-04-122023Seed · modeled $4.4M · 2024-08-142024
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
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$4.0M/yr
Capital velocity
3.2 yr
On record since
2023
First round
2
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) 2.3× above median
This company$5.3M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.6× above median
This company$1.7M
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$4.4M
Sector median$2.5M

Raised more than 72% of sector peers (real $). Modeled value above 63% 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 #28 of 63.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Medusa Mining Ltd · Seed Raised $3.8M · modeled $15.6M (est)HighGold Mining Inc. · Seed Raised $12.5M · modeled $13.2M (est)Modern Mining Technology Corp. · Seed Raised $3.3M · modeled $13.2M (est)Only Gold Development Ltd Liability Co · Seed Raised $3.5M · modeled $12.9M (est)Rex Gold Partners, LLC · Seed Raised $3.5M · modeled $12.7M (est)Cornish Metals Inc. · Seed Raised $3.2M · modeled $12.6M (est)Newport Mining LLC · Seed Raised $3.0M · modeled $11.6M (est)Quartz Lake Mining, Inc · Seed Raised $3.0M · modeled $10.0M (est)Transatlantic Gold, Corp. · Seed Raised $2.5M · modeled $9.5M (est)Military Metal Art HoldCo, LLC · Seed Raised $3.1M · modeled $8.8M (est)Snowline Gold Corp. · Seed Raised $3.1M · modeled $8.5M (est)Northern Vertex Mining Corp. · Seed Raised $2.8M · modeled $7.9M (est)Montage Gold Corp. (this company) Raised $5.3M · modeled $4.4M (est)Montage Gold Corp.
CompanyStageRaised · realValue · estvs peer med.
Medusa Mining LtdSeed$3.8M$15.6M4.35×
HighGold Mining Inc.Seed$12.5M$13.2M3.69×
Modern Mining Technology Corp.Seed$3.3M$13.2M3.68×
Only Gold Development Ltd Liability CoSeed$3.5M$12.9M3.59×
Rex Gold Partners, LLCSeed$3.5M$12.7M3.55×
Cornish Metals Inc.Seed$3.2M$12.6M3.51×
Newport Mining LLCSeed$3.0M$11.6M3.24×
Quartz Lake Mining, IncSeed$3.0M$10.0M2.79×
Transatlantic Gold, Corp.Seed$2.5M$9.5M2.65×
Military Metal Art HoldCo, LLCSeed$3.1M$8.8M2.45×
Snowline Gold Corp.Seed$3.1M$8.5M2.38×
Northern Vertex Mining Corp.Seed$2.8M$7.9M2.19×
Montage Gold Corp. this companySeed$5.3M$4.4M1.22×
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$3.7M2023-04-12$18.4M$12.2M90%
Seed$1.7M2024-08-14$8.3M$4.4M90%
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$3.7M2023-04-12
    • First recorded raise — entered as Seed.
    • 5 investors on this round.
  2. Seed$1.7M2024-08-14
    • Raised again after 16 mo — slower than the ~11 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~16mo cadence
$1.7M
Modeled next size est.range $1.7M$2.7M
0.5×
Last step-up
$4.0M/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
Richard Clark6 other2024-08
David Field4 other2024-08
Anu Dhir3 other2024-08
Alessandro Bitelli2 other2024-08
Martino De Ciccio1 other2024-08
Adam P. Spencer2023-04
Aleksandra P. Bukacheva2023-04
Alessandro P. Bitelli2023-04
Constant Tia2024-08
Glenn P. Kondo2023-04
Hugh P. Stuart2023-04
Kevin P. Ross2023-04
Peder Olsen2024-08
Peter P. Mitchell2023-04
Richard P. Clark2023-04
Ron Hochstein2024-08
Silvia Bottero2024-08
Registry & provenance

Montage Gold Corp. 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
1830918
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
Mx2 Mining Inc.Mining & ResourcesSeed$1.6M$4.0Mnetwork3 shared operators · same sector · same stage
Orca Gold Inc.Mining & ResourcesSeries A$12.1M$51.2Mnetwork2 shared operators · same sector
Ethos Gold Corp.Mining & ResourcesSeed$5.2M$2.9Msame sector · same stage
Impact Silver Corp.Mining & ResourcesSeed$5.1M$1.0Msame sector · same stage
NexGold Mining Corp.Mining & ResourcesSeed$5.5M$3.3Msame sector · same stage
Silver Scott Mines IncMining & ResourcesSeed$5.0M$5.1Msame sector · same stage
Outcrop Gold CorpMining & ResourcesSeed$5.7M$764Ksame sector · same stage
Red Pine Exploration Inc.Mining & ResourcesSeed$5.0M$3.7Msame 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
Magna Gold Corp.Mining & ResourcesPre-Seed$5.0M87%
Mayfair Gold Corp.Mining & ResourcesSeed$7.3M86%
Omega Gold Corp.Mining & ResourcesPre-Seed$595K84%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M84%
Freeman Gold Corp.Mining & ResourcesSeries A$846K83%
Eminent Gold Corp.Mining & ResourcesSeed$307K83%
Stakeholder Gold Corp.Mining & ResourcesPre-Seed$1.4M83%
Sterling Metals Corp.Mining & ResourcesPre-Seed$723K83%
Frequently asked
How much funding has Montage Gold Corp. raised?
Montage Gold Corp. has raised approximately $5.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Montage Gold Corp.'s estimated valuation?
Provath's modeled valuation for Montage Gold Corp. is approximately $4.4M (modeled range $1.4M–$11.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Montage Gold Corp. at?
Montage Gold Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Aug 14.
What does Montage Gold Corp. do and where is it based?
Montage Gold Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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

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