Companies · Mining & Resources

Platinum Group Metals Ltd

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

Diligence memoA one-page analyst read on Platinum Group Metals Ltd — recommendation, valuation, rhythm, risks.
$35.7M
Total raised · real
6
Rounds
5.0×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Mon Sep 19 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Platinum Group Metals Ltd has raised $36M over 6 rounds; too few niche peers to rank its valuation yet.

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.

Dormant
  • Last raise 9.8 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal 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

Platinum Group Metals Ltd is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 95% of sector peers), and in the upper tier 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
3
Investors (latest)
2016-09-19
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$50M$100M$150M$200MSeries A · 2009-06-16 Raised $6.6M (real) Modeled valuation $29M (est)$6.6M$29MSeries A2009Series B · 2010-10-22 Raised $25M (real) Modeled valuation $120M (est)$25M$120MSeries B2010Series B · 2015-02-13 Raised $375K (real) Modeled valuation $1.8M (est)$375K$1.8MSeries B2015Series B · 2015-11-20 Raised $800K (real) Modeled valuation $3.8M (est)$800K$3.8MSeries B2015Series B · 2016-05-03 Raised $500K (real) Modeled valuation $2.4M (est)$500K$2.4MSeries B2016Series B · 2016-09-19 Raised $2.5M (real) Modeled valuation $12M (est)$2.5M$12MSeries B2016+$25M+$375K+$800K+$500K+$2.5MCumulative $36M

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
Series A$6.6M · 2009
Series B$24.9M · 2010
Series B extension$375K · 2015
Series B extension$800K · 2015
Series B extension$500K · 2016
Series B extension$2.5M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, 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
$12.0M
Base estimate est.
$5.9M
Conservative case
$46.2M
Upside case
$13.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Series A · modeled $28.9M · 2009-06-162009Series B · modeled $119.5M · 2010-10-22Series B · modeled $1.8M · 2015-02-13Series B · modeled $3.8M · 2015-11-20Series B · modeled $2.4M · 2016-05-03Series B · modeled $12.0M · 2016-09-192016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.05×/yr
Annual markup
1.27×/yr upside case
6.0 yr
Elapsed time used
9.8 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$4.9M/yr
Capital velocity
17.0 yr
On record since
2009
First round
6
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) 16× above median
This company$35.7M
Sector median$2.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.4× of median
This company$2.5M
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 4.7× above median
This company$12.0M
Sector median$2.5M

Raised more than 95% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Rivers of Gold, Alaska Mining, Global TV Show, Global Merchandising LP · Series B Raised $30.4M · modeled $145.9M (est)Diamond Girls Exploration Llc · Series B Raised $20.0M · modeled $96.0M (est)Platinum Group Metals Ltd (this company) Raised $35.7M · modeled $12.0M (est)Platinum Group Metals Ltd
CompanyStageRaised · realValue · estvs peer med.
Rivers of Gold, Alaska Mining, Global TV Show, Global Merchandising LPSeries B$30.4M$145.9M1.52×
Diamond Girls Exploration LlcSeries B$20.0M$96.0M1.00×
Platinum Group Metals Ltd this companySeries B$35.7M$12.0M0.13×
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.
Series A$6.6M2009-06-16$30.1M$28.9M85%
Series B$24.9M2010-10-22$138.4M$119.5M85%
Series B$375K2015-02-13$2.1M$1.8M85%
Series B$800K2015-11-20$4.4M$3.8M85%
Series B$500K2016-05-03$2.8M$2.4M85%
Series B$2.5M2016-09-19$13.9M$12.0M90%
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. Series A$6.6M2009-06-16
    • First recorded raise — entered as Series A.
    • 6 investors on this round.
  2. Series B$24.9M2010-10-22
    • Raised again after 16 mo — slower than the ~11 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 9 investors on this round.
  3. Series B$375K2015-02-13
    • Raised again after 52 mo — slower than the ~11 mo sector norm.
    • Round 66.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  4. Series B$800K2015-11-20
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Series B$500K2016-05-03
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  6. Series B$2.5M2016-09-19
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • 3 investors on this round.
Intelligence
2018 ~Q1
Modeled next raise · ~17mo cadence
$7.5M
Modeled next size est.range $4.9M$12.0M
5.0×
Last step-up
$4.9M/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
R. Michael Jones4 other2009-06
BARRY W. SMEE1 other2010-10
Eric Michael Carlson1 other2015-02
Frank Michael Hallam1 other2010-10
Barry Michael Smee2015-02
Diana D. Walters2015-02
Eric W. Carlson2010-10
Iain Michael McLean2015-02
Iain W. McLean2010-10
Peter C. Busse2010-10
Peter D. Busse2015-02
Timothy D. Marlow2015-02
Registry & provenance

Platinum Group Metals Ltd 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
1095052
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
Almaden Minerals LtdMining & ResourcesSeries A$29.2M$5.4Mnetwork1 shared operator · same sector
Premier Gold Mines LtdMining & ResourcesSeries B$37.1M$10.7Msame sector · same stage
Orezone Gold CorpMining & ResourcesSeries B$43.9M$10.5Msame sector · same stage
Western Alaska Minerals Corp.Mining & ResourcesSeries B$28.0M$4.6Msame sector · same stage
Lost River Mining, Inc.Mining & ResourcesSeries B$51.2M$13.0Msame sector · same stage
Rubicon Minerals CorpMining & ResourcesSeries B$21.9M$9.3Msame sector · same stage
Mag Silver CorpOtherSeries A$17.4M$109.1Mnetwork2 shared operators
Besra Gold Inc.Mining & ResourcesSeries B$76.8M$13.3Msame 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
Sovereign Metals LtdMining & ResourcesSeries A$8.3M88%
Sterling Metals Corp.Mining & ResourcesPre-Seed$723K86%
Goldgroup Mining Inc.Mining & ResourcesSeed$1.1M86%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M85%
Treasury Metals IncMining & ResourcesPre-Seed$705K85%
Wealth Minerals Ltd.Mining & ResourcesSeed$2.6M84%
CMC Metals Ltd.Mining & ResourcesPre-Seed$3.7M84%
Comstock Metals Ltd.Mining & ResourcesSeed$6.1M84%
Frequently asked
How much funding has Platinum Group Metals Ltd raised?
Platinum Group Metals Ltd has raised approximately $35.7M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Platinum Group Metals Ltd's estimated valuation?
Provath's modeled valuation for Platinum Group Metals Ltd is approximately $12.0M (modeled range $5.9M–$46.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Platinum Group Metals Ltd at?
Platinum Group Metals Ltd's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Sep 19.
What does Platinum Group Metals Ltd do and where is it based?
Platinum Group Metals Ltd operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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