Companies · Mining & Resources

Outcrop Gold Corp

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

Diligence memoA one-page analyst read on Outcrop Gold Corp — recommendation, valuation, rhythm, risks.
$5.7M
Total raised · real
9
Rounds
1.7×
Latest step-up
Top 28%
Sector rank · raised
Seed
Latest stage · inferred · Thu Mar 27 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Outcrop Gold Corp looks under-valued against its niche peers and is quiet 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 0.28× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Quiet
  • Last raise 15 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector cadence.
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

Outcrop Gold Corp is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 73% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2025-03-27
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 · 2009-11-24 Raised $166K (real) Modeled valuation $1.1M (est)Pre-Seed2009Pre-Seed · 2009-11-24 Raised $104K (real) Modeled valuation $691K (est)Pre-Seed2009Seed · 2010-03-18 Raised $2.5M (real) Modeled valuation $13M (est)Seed2010Seed · 2012-12-19 Raised $2.8M (real) Modeled valuation $15M (est)Seed2012Seed · 2016-06-23 Raised $594K (real) Modeled valuation $3.2M (est)Seed2016Seed · 2018-03-09 Raised $447K (real) Modeled valuation $2.4M (est)Seed2018Seed · 2019-02-22 Raised $514K (real) Modeled valuation $2.8M (est)Seed2019Seed · 2019-11-07 Raised $450K (real) Modeled valuation $2.4M (est)Seed2019Seed · 2021-03-26 Raised $179K (real) Modeled valuation $846K (est)Seed2021Seed · 2022-09-22 Raised $191K (real) Modeled valuation $697K (est)Seed2022Pre-Seed · 2022-09-22 Raised $191K (real) Modeled valuation $747K (est)Pre-Seed2022Seed · 2025-03-27 Raised $323K (real) Modeled valuation $764K (est)Seed2025Cumulative $8.4M

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
Pre-Seed$166K · 2009
Pre-Seed extension$104K · 2009
Seed$2.5M · 2010
Seed extension$2.8M · 2012
Seed extension$594K · 2016
Seed extension$447K · 2018
Seed extension$514K · 2019
Seed extension$450K · 2019
Seed extension$179K · 2021
Seed extension$191K · 2022
Bridge · Seed-stage$191K · 2022smaller follow-on
Seed extension$323K · 2025

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

Modeled valuation trajectory
$764K
Base estimate est.
$276K
Conservative case
$1.7M
Upside case
$1.6M
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 $1.1M · 2009-11-242009Pre-Seed · modeled $691K · 2009-11-24Seed · modeled $13.2M · 2010-03-18Seed · modeled $15.2M · 2012-12-19Seed · modeled $3.2M · 2016-06-23Seed · modeled $2.4M · 2018-03-09Seed · modeled $2.8M · 2019-02-22Seed · modeled $2.4M · 2019-11-07Seed · modeled $846K · 2021-03-26Seed · modeled $697K · 2022-09-22Pre-Seed · modeled $747K · 2022-09-22Seed · modeled $764K · 2025-03-272025
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
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$371K/yr
Capital velocity
16.6 yr
On record since
2009
First round
12
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) 2.5× above median
This company$5.7M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$323K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$764K
Sector median$2.5M

Raised more than 73% of sector peers (real $). Modeled value above 26% 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 #62 of 77.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Blue Gold Ltd · Seed Raised $3.8M · modeled $8.4M (est)Sierra Madre Gold & Silver Ltd. · Seed Raised $4.0M · modeled $8.1M (est)Metal Powder Works Ltd · Seed Raised $3.2M · modeled $7.7M (est)Western Exploration Inc. · Seed Raised $4.3M · modeled $7.5M (est)Mayfair Gold Corp. · Seed Raised $16.2M · modeled $7.3M (est)Great Pacific Gold Corp. · Seed Raised $3.4M · modeled $6.8M (est)Cuprum Metals Inc. · Seed Raised $2.8M · modeled $6.7M (est)Lavras Gold Corp. · Seed Raised $2.6M · modeled $6.2M (est)B & N Mining, Inc. · Seed Raised $3.0M · modeled $6.1M (est)Pirate Gold Corp. · Seed Raised $2.8M · modeled $6.1M (est)West Red Lake Gold Mines Ltd. · Seed Raised $12.9M · modeled $5.9M (est)Thunder Mountain Gold Inc · Seed Raised $4.9M · modeled $5.4M (est)Outcrop Gold Corp (this company) Raised $5.7M · modeled $764K (est)Outcrop Gold Corp
CompanyStageRaised · realValue · estvs peer med.
Blue Gold LtdSeed$3.8M$8.4M3.03×
Sierra Madre Gold & Silver Ltd.Seed$4.0M$8.1M2.94×
Metal Powder Works LtdSeed$3.2M$7.7M2.78×
Western Exploration Inc.Seed$4.3M$7.5M2.72×
Mayfair Gold Corp.Seed$16.2M$7.3M2.64×
Great Pacific Gold Corp.Seed$3.4M$6.8M2.47×
Cuprum Metals Inc.Seed$2.8M$6.7M2.44×
Lavras Gold Corp.Seed$2.6M$6.2M2.25×
B & N Mining, Inc.Seed$3.0M$6.1M2.22×
Pirate Gold Corp.Seed$2.8M$6.1M2.20×
West Red Lake Gold Mines Ltd.Seed$12.9M$5.9M2.12×
Thunder Mountain Gold IncSeed$4.9M$5.4M1.94×
Outcrop Gold Corp this companySeed$5.7M$764K0.28×
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$166K2009-11-24$923K$1.1M85%
Pre-Seed$104K2009-11-24$576K$691K85%
Seed$2.5M2010-03-18$12.3M$13.2M85%
Seed$2.8M2012-12-19$14.1M$15.2M85%
Seed$594K2016-06-23$3.0M$3.2M85%
Seed$447K2018-03-09$2.2M$2.4M90%
Seed$514K2019-02-22$2.6M$2.8M90%
Seed$450K2019-11-07$2.3M$2.4M90%
Seed$179K2021-03-26$894K$846K90%
Seed$191K2022-09-22$954K$697K90%
Pre-Seed$191K2022-09-22$1.1M$747K90%
Seed$323K2025-03-27$1.6M$764K90%
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$166K2009-11-24
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$104K2009-11-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Seed$2.5M2010-03-18
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 23.8× larger than the prior — scaling up.
    • 62 investors on this round.
  4. Seed$2.8M2012-12-19
    • Raised again after 33 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 102 investors on this round.
  5. Seed$594K2016-06-23
    • Raised again after 42 mo — slower than the ~11 mo sector norm.
    • Round 4.8× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 13 investors on this round.
  6. Seed$447K2018-03-09
    • Raised again after 20 mo — slower than the ~11 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  7. Seed$514K2019-02-22
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  8. Seed$450K2019-11-07
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  9. Seed$179K2021-03-26
    • Raised again after 17 mo — slower than the ~11 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  10. Seed$191K2022-09-22
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  11. Pre-Seed$191K2022-09-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  12. Seed$323K2025-03-27
    • Raised again after 30 mo — slower than the ~11 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~17mo cadence
$547K
Modeled next size est.range $355K$874K
1.7×
Last step-up
$371K/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
John Anderson21 other2018-03
Robert Scott19 other2025-03
Jay Sujir11 other2021-03
Ian Harris7 other2025-03
Ian Slater7 other2009-11
Doris Meyer5 other2009-11
Alex Tong4 other2021-03
Rakesh Patel4 other2019-02
Kenneth Cunningham3 other2009-11
Dennis Higgs2 other2009-11
Kevin Nishi2 other2016-06
G. Ross McDonald1 other2009-11
James F. Cragg1 other2012-12
Paul Van Eeden1 other2009-11
Ana Milena Vasquez2025-03
Doris D. Meyer2012-12
Ian Ross Slater2010-03
James Cragg2009-11
Joe D. Hebert2012-12
Joe Hebert2009-11
Joseph Hebert2019-02
Joseph Milena Hebert2025-03
Kenneth D. Cunningham2012-12
Kevin F. Nishi2018-03
Registry & provenance

Outcrop Gold 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
942149
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
Triumph Gold Corp.Mining & ResourcesSeed$3.3M$452Knetwork2 shared operators · same sector · same stage
Copper Giant Resources Corp.Mining & ResourcesPre-Seed$891K$1.4Mnetwork3 shared operators · same sector
Thesis Gold Inc.Mining & ResourcesSeed$5.8M$6.1Mnetwork1 shared operator · same sector · same stage
Ethos Gold Corp.Mining & ResourcesSeed$5.2M$2.9Mnetwork1 shared operator · same sector · same stage
Western Alaska Minerals Corp.Mining & ResourcesSeries B$28.0M$4.6Mnetwork2 shared operators · same sector
StrikePoint Gold Inc.Mining & ResourcesSeed$2.5M$12.8Mnetwork1 shared operator · same sector · same stage
Capitan Silver Corp.Mining & ResourcesSeed$2.3M$4.7Mnetwork1 shared operator · same sector · same stage
Mexican Gold Corp.Mining & ResourcesPre-Seed$764K$601Knetwork2 shared operators · same sector
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
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M88%
Stakeholder Gold Corp.Mining & ResourcesPre-Seed$1.4M86%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M85%
Rise Gold Corp.Mining & ResourcesSeries A$17.0M85%
Omega Gold Corp.Mining & ResourcesPre-Seed$595K84%
GT Gold Corp.Mining & ResourcesPre-Seed$2.7M84%
Gold Port CorpMining & ResourcesPre-Seed$417K84%
Corex Gold CorpMining & ResourcesSeed$794K84%
Frequently asked
How much funding has Outcrop Gold Corp raised?
Outcrop Gold Corp has raised approximately $5.7M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Outcrop Gold Corp's estimated valuation?
Provath's modeled valuation for Outcrop Gold Corp is approximately $764K (modeled range $276K–$1.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Outcrop Gold Corp at?
Outcrop Gold Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Mar 27.
What does Outcrop Gold Corp do and where is it based?
Outcrop Gold Corp operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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