Diligence memo · auto-generated · as of July 2, 2026
Mx2 Mining Inc.
Mx2 Mining Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Mx2 Mining Inc. 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
Mx2 Mining Inc. has raised $1.6M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.6M on 2024-11-13.
Most recent recorded round closed around 2024-11-13.
Valuation (modeled)modeled
Provath models Mx2 Mining Inc. at approximately $4.0M (range $1.4M–$9.6M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.12× 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 (112% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 20 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 45% of Mining & Resources peers (701 compared).
Modeled value ranks above 62% of those peers.
Closest niche peers: Medusa Mining Ltd, HighGold Mining Inc., Modern Mining Technology Corp., Only Gold Development Ltd Liability Co, Rex Gold Partners, LLC.
Peoplefiled
7 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.