Companies · Mining & Resources

PPX Mining Corp.

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

Diligence memoA one-page analyst read on PPX Mining Corp. — recommendation, valuation, rhythm, risks.
$10.7M
Total raised · real
5
Rounds
1.4×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Wed Sep 25 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

PPX Mining Corp. looks under-valued against its niche peers and is at-risk 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 0.06× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
At-risk
  • Last raise 21 mo ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

PPX Mining Corp. is one of 701 Mining & Resources companies tracked from Toronto. By capital raised it ranks in the upper tier (ahead of 81% 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
Rule 506(b)
Reg D exemption
1
Investors (latest)
2024-09-25
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 · 2014-08-26 Raised $803K (real) Modeled valuation $5.4M (est)$803K$5.4MPre-Seed2014Series A · 2016-12-13 Raised $4.2M (real) Modeled valuation $18M (est)$4.2M$18MSeries A2016Series A · 2023-02-19 Raised $5.4M (real) Modeled valuation $18M (est)$5.4M$18MSeries A2023Series A · 2023-07-26 Raised $126K (real) Modeled valuation $403K (est)$126K$403KSeries A2023Series A · 2024-09-25 Raised $180K (real) Modeled valuation $510K (est)$180K$510KSeries A2024+$4.2M+$5.4M+$126K+$180KCumulative $11M

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$803K · 2014
Series A$4.2M · 2016no Seed on file
Series A extension$5.4M · 2023
Series A extension$126K · 2023
Series A extension$180K · 2024

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$510K
Base estimate est.
$233K
Conservative case
$1.0M
Upside case
$816K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $5.4M · 2014-08-262014Series A · modeled $18.3M · 2016-12-13Series A · modeled $18.1M · 2023-02-19Series A · modeled $403K · 2023-07-26Series A · modeled $510K · 2024-09-252024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
30 mo
Avg between rounds
$1.1M/yr
Capital velocity
11.8 yr
On record since
2014
First round
5
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) 4.7× above median
This company$10.7M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$180K
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$510K
Sector median$2.5M

Raised more than 81% of sector peers (real $). Modeled value above 17% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #37 of 40.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)360 Mining, Inc. · Series A Raised $12.8M · modeled $43.7M (est)Arizona Sonoran Copper Co Inc. · Series A Raised $11.1M · modeled $35.5M (est)Reunion Gold Corp · Series A Raised $19.8M · modeled $34.8M (est)American Strategic Metals Corp. · Series A Raised $11.4M · modeled $34.4M (est)MERIT Mining Ohio, LLC · Series A Raised $10.0M · modeled $33.9M (est)Northern Dynasty Minerals Ltd · Series A Raised $23.2M · modeled $31.0M (est)Monetary Metals Bond II, LLC · Series A Raised $8.5M · modeled $29.2M (est)Liberty Gold Corp. /CAN · Series A Raised $10.5M · modeled $27.1M (est)Silver Tiger Metals Inc. · Series A Raised $7.6M · modeled $25.1M (est)Filo Mining Corp. · Series A Raised $7.5M · modeled $24.2M (est)Allied Gold Corp · Series A Raised $6.9M · modeled $21.8M (est)Contango ORE, Inc. · Series A Raised $5.7M · modeled $19.3M (est)PPX Mining Corp. (this company) Raised $10.7M · modeled $510K (est)PPX Mining Corp.
CompanyStageRaised · realValue · estvs peer med.
360 Mining, Inc.Series A$12.8M$43.7M5.25×
Arizona Sonoran Copper Co Inc.Series A$11.1M$35.5M4.28×
Reunion Gold CorpSeries A$19.8M$34.8M4.19×
American Strategic Metals Corp.Series A$11.4M$34.4M4.14×
MERIT Mining Ohio, LLCSeries A$10.0M$33.9M4.08×
Northern Dynasty Minerals LtdSeries A$23.2M$31.0M3.73×
Monetary Metals Bond II, LLCSeries A$8.5M$29.2M3.52×
Liberty Gold Corp. /CANSeries A$10.5M$27.1M3.26×
Silver Tiger Metals Inc.Series A$7.6M$25.1M3.02×
Filo Mining Corp.Series A$7.5M$24.2M2.91×
Allied Gold CorpSeries A$6.9M$21.8M2.62×
Contango ORE, Inc.Series A$5.7M$19.3M2.33×
PPX Mining Corp. this companySeries A$10.7M$510K0.06×
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$803K2014-08-26$4.5M$5.4M85%
Series A$4.2M2016-12-13$19.0M$18.3M90%
Series A$5.4M2023-02-19$24.5M$18.1M90%
Series A$126K2023-07-26$573K$403K90%
Series A$180K2024-09-25$816K$510K90%
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$803K2014-08-26
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Series A$4.2M2016-12-13
    • Raised again after 28 mo — slower than the ~11 mo sector norm.
    • Round 5.2× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Series A$5.4M2023-02-19
    • Raised again after 74 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  4. Series A$126K2023-07-26
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 42.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Series A$180K2024-09-25
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~30mo cadence
$256K
Modeled next size est.range $180K$410K
1.4×
Last step-up
$1.1M/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 Thomas9 other2023-02
Fernando Pickmann2 other2023-07
Kimberly Ann Arntson2 other2016-12
Brian J. Maher1 other2016-12
Brian Maher1 other2014-08
Fernando Pickman1 other2023-02
Florian Siegfried1 other2023-02
Kimberly Ann1 other2014-08
Brian D. Imrie2016-12
Brian Imrie2014-08
Bruno Kaiser2024-09
Diego D. De La Torre De La Piedra2016-12
Felix D. Navarro-Grau Hurtado2016-12
Gallardo Pompeyo2024-09
John Menzies2023-02
Jorge Benavides2014-08
Jorge D. Benavides Alfaro2016-12
Luis-Felipe Arizmendi E.2014-08
Pompeyo Gallardo2023-02
Warren Pratt2014-08
Registry & provenance

PPX Mining 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
1384831
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
C3 Metals Inc.Mining & ResourcesSeries A$27.2M$15.7Mnetwork4 shared operators · same sector · same stage
Lahontan Gold Corp.Mining & ResourcesSeed$3.6M$3.0Mnetwork2 shared operators · same sector
Ivor Exploration Inc.Mining & ResourcesSeries A$11.0M$1.6Msame sector · same stage
Fortius Metals, Inc.Mining & ResourcesSeries A$11.0M$1.5Msame sector · same stage
Bear Creek Mining CorpMining & ResourcesSeries A$10.2M$1.7Msame sector · same stage
Gold Express Mines, Inc.Mining & ResourcesSeries A$11.4M$2.0Msame sector · same stage
Fury Gold Mines LtdMining & ResourcesSeries A$10.0M$1.6Msame sector · same stage
ADVENTUS MINING CorpMining & ResourcesSeries A$11.5M$1.6Msame 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
Orex Minerals IncMining & ResourcesSeed$1.6M88%
Prime Mining Corp.Mining & ResourcesPre-Seed$4.6M87%
NexGold Mining Corp.Mining & ResourcesSeed$3.3M87%
Silver X Mining Corp.Mining & ResourcesSeed$4.4M86%
Corex Gold CorpMining & ResourcesSeed$794K86%
Finex Metals Ltd.Mining & ResourcesPre-Seed$722K85%
Canamex Gold Corp.Mining & ResourcesSeed$3.2M85%
Callinex Mines Inc.Mining & ResourcesSeed$263K84%
Frequently asked
How much funding has PPX Mining Corp. raised?
PPX Mining Corp. has raised approximately $10.7M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is PPX Mining Corp.'s estimated valuation?
Provath's modeled valuation for PPX Mining Corp. is approximately $510K (modeled range $233K–$1.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is PPX Mining Corp. at?
PPX Mining Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Sep 25.
What does PPX Mining Corp. do and where is it based?
PPX Mining Corp. operates in the Mining & Resources sector, based in Toronto.
Explore related

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

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