Companies · Mining & Resources

Next Lithium Corp.

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

Diligence memoA one-page analyst read on Next Lithium Corp. — recommendation, valuation, rhythm, risks.
$1.4M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 58%
Sector rank · raised
Seed
Latest stage · inferred · Tue Oct 03 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Next Lithium Corp. looks under-valued 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.

Under-valued
  • Modeled value is 0.17× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.7 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

Next Lithium Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 43% of sector peers), and in the long tail 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
2
Investors (latest)
2021
Year incorporated
2023-10-03
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$1.3M$2.5M$3.8M$5.0MSeed · 2022-04-01 Raised $1.2M (real) Modeled valuation $4.7M (est)$1.2M$4.7MSeed2022Seed · 2023-10-03 Raised $200K (real) Modeled valuation $611K (est)$200K$611KSeed2023+$200KCumulative $1.4M

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$1.2M · 2022
Seed extension$200K · 2023

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
$611K
Base estimate est.
$171K
Conservative case
$2.0M
Upside case
$1.0M
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 $4.7M · 2022-04-012022Seed · modeled $611K · 2023-10-032023
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
2.7 yr
Elapsed time used
2.7 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$918K/yr
Capital velocity
4.3 yr
On record since
2022
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) 0.6× of median
This company$1.4M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$200K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$611K
Sector median$2.5M

Raised more than 43% of sector peers (real $). Modeled value above 20% 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 #55 of 63.

This companyCohort peer
$100K$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)Next Lithium Corp. (this company) Raised $1.4M · modeled $611K (est)Next Lithium 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$7.8M2.19×
Next Lithium Corp. this companySeed$1.4M$611K0.17×
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$1.2M2022-04-01$5.9M$4.7M90%
Seed$200K2023-10-03$1.0M$611K90%
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$1.2M2022-04-01
    • First recorded raise — entered as Seed.
    • 59 investors on this round.
  2. Seed$200K2023-10-03
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 5.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~18mo cadence
$200K
Modeled next size est.range $200K$320K
0.2×
Last step-up
$918K/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
FARHAD ABASOV3 other2023-10
Alex Langer2 other2023-10
JAMIE HOUSSIAN2023-10
KYLE STEVENSON2022-04
PETER POSNIKOFF2023-10
RAFAEL ALGANARAZ2023-10
Registry & provenance

Next Lithium 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
1921880
SEC CIK
2021
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
Sierra Madre Gold & Silver Ltd.Mining & ResourcesSeed$4.0M$8.1Mnetwork1 shared operator · same sector · same stage
Kincora Copper LtdMining & ResourcesSeed$1.4M$2.6Msame sector · same stage
Pacifica Silver Corp.Mining & ResourcesSeed$1.3M$2.8Msame sector · same stage
Koryx Copper Inc.Mining & ResourcesSeed$1.4M$2.5Msame sector · same stage
Greyridge Exploration CorpMining & ResourcesSeed$1.3M$2.5Msame sector · same stage
Lithium Africa Resources Corp.Mining & ResourcesSeed$1.5M$479Ksame sector · same stage
Namibia Critical Metals Inc.Mining & ResourcesSeed$1.5M$476Ksame sector · same stage
Blue Jay Gold Corp.Mining & ResourcesSeed$1.2M$2.7Msame 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
Lithium Ionic Corp.Mining & ResourcesSeries A$17.1M91%
ALPHA LITHIUM CorpMining & ResourcesPre-Seed$1.2M89%
United Lithium Corp.Mining & ResourcesPre-Seed$361K89%
Oz Lithium CorpMining & ResourcesPre-Seed$666K87%
Volt Lithium Corp.Mining & ResourcesPre-Seed$258K87%
LITHIUM SOUTH DEVELOPMENT CorpMining & ResourcesPre-Seed$512K87%
Lithium Africa Corp.Mining & ResourcesSeed$440K87%
Consolidated Lithium Metals Inc.Mining & ResourcesPre-Seed$1.2M86%
Frequently asked
How much funding has Next Lithium Corp. raised?
Next Lithium Corp. has raised approximately $1.4M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Next Lithium Corp.'s estimated valuation?
Provath's modeled valuation for Next Lithium Corp. is approximately $611K (modeled range $171K–$2.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Next Lithium Corp. at?
Next Lithium Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Oct 03.
What does Next Lithium Corp. do and where is it based?
Next Lithium Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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