Companies · Mining & Resources

Nordic Mining ASA

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

Diligence memoA one-page analyst read on Nordic Mining ASA — recommendation, valuation, rhythm, risks.
$225K
Total raised · real
1
Rounds
Latest step-up
Top 88%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Sep 26 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Nordic Mining ASA looks fair against its niche peers and is dormant 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 1.04× the median modeled value of Pre-Seed Mining & Resources companies in 2019–2021 (82 peers) — value vs value, same stage and era.
  • Within the normal band (104% of peer median) for its niche.
Dormant
  • Last raise 6.8 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Nordic Mining ASA is one of 701 Mining & Resources companies tracked from OSLO. By capital raised it ranks in the long tail (ahead of 13% 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
2
Investors (latest)
2019-09-26
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$500K$1.0M$1.5M$2.0MPre-Seed · 2019-09-26 Raised $225K (real) Modeled valuation $1.5M (est)$225K$1.5MPre-Seed2019

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$225K · 2019

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

Modeled valuation trajectory
$1.5M
Base estimate est.
$143K
Conservative case
$17.0M
Upside case
$1.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.27×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
6.8 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
6.8 yr
On record since
2019
First round
1
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) 0.1× of median
This company$225K
Sector median$2.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.8× of median
This company$225K
Sector median$271K
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$1.5M
Sector median$2.5M

Raised more than 13% of sector peers (real $). Modeled value above 41% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #38 of 82.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Kuya Silver Corp. · Pre-Seed Raised $858K · modeled $5.6M (est)Apex Mining, LLC · Pre-Seed Raised $1.0M · modeled $5.6M (est)Metals House Inc. · Pre-Seed Raised $1.0M · modeled $5.5M (est)Contact Gold Corp. · Pre-Seed Raised $810K · modeled $5.4M (est)Frontier Lithium Inc. · Pre-Seed Raised $2.6M · modeled $5.3M (est)Kona Gold Beverage, Inc. · Pre-Seed Raised $1.4M · modeled $5.2M (est)Nevada Canyon Gold Corp. · Pre-Seed Raised $1.4M · modeled $5.0M (est)Magna Gold Corp. · Pre-Seed Raised $1.6M · modeled $5.0M (est)Richmond Minerals Inc. · Pre-Seed Raised $901K · modeled $4.9M (est)US Digital Mining Corp. · Pre-Seed Raised $1.0M · modeled $4.7M (est)Prime Mining Corp. · Pre-Seed Raised $691K · modeled $4.6M (est)Red Metal Resources, Ltd. · Pre-Seed Raised $1.9M · modeled $4.2M (est)Nordic Mining ASA (this company) Raised $225K · modeled $1.5M (est)Nordic Mining ASA
CompanyStageRaised · realValue · estvs peer med.
Kuya Silver Corp.Pre-Seed$858K$5.6M3.93×
Apex Mining, LLCPre-Seed$1.0M$5.6M3.86×
Metals House Inc.Pre-Seed$1.0M$5.5M3.81×
Contact Gold Corp.Pre-Seed$810K$5.4M3.76×
Frontier Lithium Inc.Pre-Seed$2.6M$5.3M3.66×
Kona Gold Beverage, Inc.Pre-Seed$1.4M$5.2M3.60×
Nevada Canyon Gold Corp.Pre-Seed$1.4M$5.0M3.51×
Magna Gold Corp.Pre-Seed$1.6M$5.0M3.48×
Richmond Minerals Inc.Pre-Seed$901K$4.9M3.44×
US Digital Mining Corp.Pre-Seed$1.0M$4.7M3.24×
Prime Mining Corp.Pre-Seed$691K$4.6M3.21×
Red Metal Resources, Ltd.Pre-Seed$1.9M$4.2M2.94×
Nordic Mining ASA this companyPre-Seed$225K$1.5M1.04×
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$225K2019-09-26$1.3M$1.5M90%
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$225K2019-09-26
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
Intelligence
Modeled next raise
$360K
Modeled next size est.range $234K$576K
Last step-up
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
Antony Nakken Beckmand2019-09
Benedicte Nakken Nordang2019-09
Birte S Norheim2019-09
Eva Nakken Kaijser2019-09
Ivar S Fossum2019-09
Kenneth Nakken Angedal2019-09
Kjell Nakken Roland2019-09
Kjell Nakken Sletsjoe2019-09
Lars K Grondahl2019-09
Mona Nakken Schanche2019-09
Registry & provenance

Nordic Mining ASA 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
1792514
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
Nine Mile Metals Ltd.Mining & ResourcesPre-Seed$222K$902Ksame sector · same stage
Gatling Exploration Inc.Mining & ResourcesPre-Seed$222K$1.5Msame sector · same stage
Santiago Copper Country, A California Limited PartnershipMining & ResourcesPre-Seed$230K$286Ksame sector · same stage
Stuhini Exploration Ltd.Mining & ResourcesPre-Seed$219K$764Ksame sector · same stage
Banyan Gold Corp.Mining & ResourcesPre-Seed$219K$564Ksame sector · same stage
Modern Mining Ltd.Mining & ResourcesPre-Seed$218K$998Ksame sector · same stage
Sixty North Gold Mining Ltd.Mining & ResourcesPre-Seed$234K$433Ksame sector · same stage
Ranchero Gold Corp.Mining & ResourcesPre-Seed$234K$1.2Msame 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
First Nordic Metals Corp.Mining & ResourcesSeries A$16.2M86%
Collective Mining Ltd.Mining & ResourcesSeed$6.7M84%
Modern Mining Ltd.Mining & ResourcesPre-Seed$998K83%
Red Metal Resources, Ltd.Mining & ResourcesPre-Seed$4.2M82%
E M Mining, Inc.Mining & ResourcesPre-Seed$4.0M82%
Apex Mining, LLCMining & ResourcesPre-Seed$5.6M82%
European Energy Metals Corp.Mining & ResourcesPre-Seed$443K82%
Norden Crown Metals CorpMining & ResourcesSeed$5.5M82%
Frequently asked
How much funding has Nordic Mining ASA raised?
Nordic Mining ASA has raised approximately $225K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Nordic Mining ASA's estimated valuation?
Provath's modeled valuation for Nordic Mining ASA is approximately $1.5M (modeled range $143K–$17.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nordic Mining ASA at?
Nordic Mining ASA's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Sep 26.
What does Nordic Mining ASA do and where is it based?
Nordic Mining ASA operates in the Mining & Resources sector, based in OSLO.
Explore related

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

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