Diligence memo · auto-generated · as of July 2, 2026
NGEx Minerals Ltd.
NGEx Minerals Ltd. looks fair against its niche peers and is active on financing cadence.
Businessfiled
NGEx Minerals 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
NGEx Minerals Ltd. has raised $24M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $23M on 2025-10-15.
Most recent recorded round closed around 2025-10-15.
Valuation (modeled)modeled
Provath models NGEx Minerals Ltd. at approximately $85M (range $54M–$119M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.14× the median modeled value of Series B Mining & Resources companies in 2025–2027 (15 peers) — value vs value, same stage and era. Within the normal band (114% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 9 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 22.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 91% of Mining & Resources peers (701 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: Firefly Minerals, LLC, Tectonic Metals Inc., U.S. Gold Corp., Critical Metals Corp., Bunker Hill Mining Corp..
Peoplefiled
10 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.