Diligence memo · auto-generated · as of July 2, 2026
Nevada King Mining Ltd.
Nevada King Mining Ltd. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Nevada King Mining Ltd. 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
Nevada King Mining Ltd. has raised $2.5M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.9M on 2020-07-07.
Most recent recorded round closed around 2020-08-18.
Valuation (modeled)modeled
Provath models Nevada King Mining Ltd. at approximately $1.3M (range $219K–$10M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.24× 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 5.9 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 7.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 55% of Mining & Resources peers (701 compared).
Modeled value ranks above 39% of those peers.
Closest niche peers: Millennial Silver Corp., Bullfrog Gold Corp., Digital Carpenters Mining LLC, Harfang Exploration Inc., GARNEX GOLD Corp.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.