Diligence memo · auto-generated · as of July 2, 2026
Royal Mines & Minerals Corp
Royal Mines & Minerals Corp looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Royal Mines & Minerals Corp operates in Mining & Resources, based in HENDERSON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Royal Mines & Minerals Corp has raised $2.0M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.1M on 2011-07-13.
Most recent recorded round closed around 2019-01-09.
Valuation (modeled)modeled
Provath models Royal Mines & Minerals Corp at approximately $644K (range $103K–$5.1M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.12× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 30 months.
Last raise 7.5 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 50% of Mining & Resources peers (701 compared).
Modeled value ranks above 21% of those peers.
Closest niche peers: Millennial Silver Corp., Bullfrog Gold Corp., Digital Carpenters Mining LLC, Harfang Exploration Inc., GARNEX GOLD Corp.
Peoplefiled
5 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.