Diligence memo · auto-generated · as of July 2, 2026
Nordic Mining ASA
Nordic Mining ASA looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Nordic Mining ASA operates in Mining & Resources, based in OSLO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Nordic Mining ASA has raised $225K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $225K on 2019-09-26.
Most recent recorded round closed around 2019-09-26.
Valuation (modeled)modeled
Provath models Nordic Mining ASA at approximately $1.5M (range $143K–$17M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 13% of Mining & Resources peers (701 compared).
Modeled value ranks above 41% of those peers.
Closest niche peers: Kuya Silver Corp., Apex Mining, LLC, Metals House Inc., Contact Gold Corp., Frontier Lithium Inc..
Peoplefiled
10 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.