Companies · Mining & Resources

New Jersey Mining Co

Coeur d'Alene · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on New Jersey Mining Co — recommendation, valuation, rhythm, risks.
$12.6M
Total raised · real
14
Rounds
0.3×
Latest step-up
Top 16%
Sector rank · raised
Seed
Latest stage · inferred · Wed Feb 01 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

New Jersey Mining Co 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 0.84× 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 (84% of peer median) for its niche.
At-risk
  • Last raise 3.4 yr 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

New Jersey Mining Co is one of 701 Mining & Resources companies tracked from Coeur d'Alene. By capital raised it ranks in the upper tier (ahead of 85% 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
6
Investors (latest)
2023-02-01
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$20MPre-Seed · 2010-02-10 Raised $420K (real) Modeled valuation $2.8M (est)Pre-Seed2010Pre-Seed · 2010-12-20 Raised $400K (real) Modeled valuation $2.7M (est)Pre-Seed2010Pre-Seed · 2014-02-26 Raised $450K (real) Modeled valuation $3.0M (est)Pre-Seed2014Seed · 2014-07-03 Raised $1.2M (real) Modeled valuation $6.4M (est)Seed2014Pre-Seed · 2014-07-03 Raised $375K (real) Modeled valuation $2.5M (est)Pre-Seed2014Seed · 2016-06-24 Raised $113K (real) Modeled valuation $604K (est)Seed2016Seed · 2016-12-29 Raised $223K (real) Modeled valuation $1.2M (est)Seed2016Seed · 2017-11-03 Raised $100K (real) Modeled valuation $537K (est)Seed2017Seed · 2018-02-26 Raised $332K (real) Modeled valuation $1.8M (est)Seed2018Seed · 2020-02-18 Raised $885K (real) Modeled valuation $4.8M (est)Seed2020Seed · 2020-04-22 Raised $200K (real) Modeled valuation $1.1M (est)Seed2020Seed · 2020-08-21 Raised $2.7M (real) Modeled valuation $14M (est)Seed2020Seed · 2021-10-11 Raised $2.0M (real) Modeled valuation $8.5M (est)Seed2021Seed · 2022-02-09 Raised $2.7M (real) Modeled valuation $11M (est)Seed2022Seed · 2023-02-01 Raised $879K (real) Modeled valuation $3.0M (est)Seed2023Cumulative $13M

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
Pre-Seed$420K · 2010
Pre-Seed extension$400K · 2010
Pre-Seed extension$450K · 2014
Seed$1.2M · 2014
Bridge · Seed-stage$375K · 2014smaller follow-on
Seed extension$113K · 2016
Seed extension$223K · 2016
Seed extension$100K · 2017
Seed extension$332K · 2018
Seed extension$885K · 2020
Seed extension$200K · 2020
Seed extension$2.7M · 2020
Seed extension$2.0M · 2021
Seed extension$2.7M · 2022
Seed extension$879K · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$3.0M
Base estimate est.
$751K
Conservative case
$11.7M
Upside case
$4.4M
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.

Pre-Seed · modeled $2.8M · 2010-02-102010Pre-Seed · modeled $2.7M · 2010-12-20Pre-Seed · modeled $3.0M · 2014-02-26Seed · modeled $6.4M · 2014-07-03Pre-Seed · modeled $2.5M · 2014-07-03Seed · modeled $604K · 2016-06-24Seed · modeled $1.2M · 2016-12-29Seed · modeled $537K · 2017-11-03Seed · modeled $1.8M · 2018-02-26Seed · modeled $4.8M · 2020-02-18Seed · modeled $1.1M · 2020-04-22Seed · modeled $14.3M · 2020-08-21Seed · modeled $8.5M · 2021-10-11Seed · modeled $11.0M · 2022-02-09Seed · modeled $3.0M · 2023-02-012023
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
3.4 yr
Elapsed time used
3.4 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$971K/yr
Capital velocity
16.4 yr
On record since
2010
First round
15
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) 5.5× above median
This company$12.6M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.8× of median
This company$879K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$3.0M
Sector median$2.5M

Raised more than 85% of sector peers (real $). Modeled value above 55% 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 #37 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 $7.8M (est)New Jersey Mining Co (this company) Raised $12.6M · modeled $3.0M (est)New Jersey Mining Co
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$7.8M2.19×
New Jersey Mining Co this companySeed$12.6M$3.0M0.84×
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.
Pre-Seed$420K2010-02-10$2.3M$2.8M85%
Pre-Seed$400K2010-12-20$2.2M$2.7M85%
Pre-Seed$450K2014-02-26$2.5M$3.0M85%
Seed$1.2M2014-07-03$6.0M$6.4M85%
Pre-Seed$375K2014-07-03$2.1M$2.5M85%
Seed$113K2016-06-24$563K$604K85%
Seed$223K2016-12-29$1.1M$1.2M90%
Seed$100K2017-11-03$500K$537K90%
Seed$332K2018-02-26$1.7M$1.8M90%
Seed$885K2020-02-18$4.4M$4.8M90%
Seed$200K2020-04-22$1.0M$1.1M90%
Seed$2.7M2020-08-21$13.6M$14.3M90%
Seed$2.0M2021-10-11$9.9M$8.5M90%
Seed$2.7M2022-02-09$13.5M$11.0M90%
Seed$879K2023-02-01$4.4M$3.0M90%
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. Pre-Seed$420K2010-02-10
    • First recorded raise — entered as Pre-Seed.
    • 29 investors on this round.
  2. Pre-Seed$400K2010-12-20
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  3. Pre-Seed$450K2014-02-26
    • Raised again after 38 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 10 investors on this round.
  4. Seed$1.2M2014-07-03
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 16 investors on this round.
  5. Pre-Seed$375K2014-07-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  6. Seed$113K2016-06-24
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  7. Seed$223K2016-12-29
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 5 investors on this round.
  8. Seed$100K2017-11-03
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Seed$332K2018-02-26
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • 16 investors on this round.
  10. Seed$885K2020-02-18
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 9 investors on this round.
  11. Seed$200K2020-04-22
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  12. Seed$2.7M2020-08-21
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 13.6× larger than the prior — scaling up.
    • 18 investors on this round.
  13. Seed$2.0M2021-10-11
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  14. Seed$2.7M2022-02-09
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 8 investors on this round.
  15. Seed$879K2023-02-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~11mo cadence
$879K
Modeled next size est.range $879K$1.4M
0.3×
Last step-up
$971K/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
Fred W Brackebusch1 other2010-02
John Swallow1 other2014-02
Delbert Steiner2014-02
Del Steiner2016-06
Grant A Brackebusch2010-02
Grant Brackebusch2014-02
Grant Brakebusch2016-06
Ivan R Linscott2010-02
John A Swallow2023-02
Kevin Shiell2016-12
M. Kathleen Sims2010-02
Richard S. Beaven2022-02
William C Rust2010-02
Registry & provenance

New Jersey Mining Co 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
1030192
SEC CIK
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
Scandium International Mining Corp.Mining & ResourcesSeed$12.4M$511Ksame sector · same stage
Silver X Mining Corp.Mining & ResourcesSeed$11.2M$4.4Msame sector · same stage
Ucore Rare Metals Inc.Mining & ResourcesSeed$14.4M$4.2Msame sector · same stage
Winston Gold Corp.Mining & ResourcesSeed$11.0M$3.4Msame sector · same stage
Goldgroup Mining Inc.Mining & ResourcesSeed$11.0M$1.1Msame sector · same stage
CellTech Metals Inc.Mining & ResourcesSeed$10.7M$889Ksame sector · same stage
TriStar Gold Inc.Mining & ResourcesSeed$15.0M$4.1Msame sector · same stage
Liquid X Printed Metals, Inc.Mining & ResourcesSeed$9.5M$4.9Msame 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
National Silver-Lead Mining CoMining & ResourcesSeed$10.7M86%
GS Mining Co LLCMining & ResourcesSeries B$96.0M85%
B & N Mining, Inc.Mining & ResourcesSeed$6.1M85%
Wyoming MinesMining & ResourcesPre-Seed$1.5M84%
New Frontier Mining Corp.Mining & ResourcesPre-Seed$6.7M84%
Newport Mining LLCMining & ResourcesSeed$11.6M84%
B & N Mining Properties, LLCMining & ResourcesSeed$5.1M84%
MCC Mining CorpMining & ResourcesSeries B$64.0M84%
Frequently asked
How much funding has New Jersey Mining Co raised?
New Jersey Mining Co has raised approximately $12.6M in disclosed capital across 14 recorded financing rounds, aggregated from public filings.
What is New Jersey Mining Co's estimated valuation?
Provath's modeled valuation for New Jersey Mining Co is approximately $3.0M (modeled range $751K–$11.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is New Jersey Mining Co at?
New Jersey Mining Co's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Feb 01.
What does New Jersey Mining Co do and where is it based?
New Jersey Mining Co operates in the Mining & Resources sector, based in Coeur d'Alene.
Explore related

See where New Jersey Mining Co sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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