Companies · Mining & Resources

RTG Mining Inc.

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

Diligence memoA one-page analyst read on RTG Mining Inc. — recommendation, valuation, rhythm, risks.
$18.3M
Total raised · real
5
Rounds
0.3×
Latest step-up
Top 13%
Sector rank · raised
Series A
Latest stage · inferred · Wed Jul 12 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

RTG Mining Inc. looks fair 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.

Fair
  • Modeled value is 0.74× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
  • Within the normal band (74% of peer median) for its niche.
At-risk
  • Last raise 3.0 yr 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

RTG Mining Inc. is one of 701 Mining & Resources companies tracked from Subaico. By capital raised it ranks in the upper tier (ahead of 88% 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
4
Investors (latest)
2023-07-12
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$13M$25M$38M$50MSeries A · 2013-02-14 Raised $5.4M (real) Modeled valuation $24M (est)$5.4M$24MSeries A2013Series A · 2018-03-08 Raised $1.8M (real) Modeled valuation $7.7M (est)$1.8M$7.7MSeries A2018Series A · 2020-05-29 Raised $1.6M (real) Modeled valuation $6.8M (est)$1.6M$6.8MSeries A2020Series A · 2021-12-24 Raised $7.6M (real) Modeled valuation $29M (est)$7.6M$29MSeries A2021Series A · 2023-07-12 Raised $1.9M (real) Modeled valuation $6.1M (est)$1.9M$6.1MSeries A2023+$1.8M+$1.6M+$7.6M+$1.9MCumulative $18M

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$5.4M · 2013
Series A extension$1.8M · 2018
Series A extension$1.6M · 2020
Series A extension$7.6M · 2021
Series A extension$1.9M · 2023

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: 33%.

Modeled valuation trajectory
$6.1M
Base estimate est.
$2.5M
Conservative case
$16.5M
Upside case
$8.7M
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.

Series A · modeled $23.8M · 2013-02-142013Series A · modeled $7.7M · 2018-03-08Series A · modeled $6.8M · 2020-05-29Series A · modeled $28.5M · 2021-12-24Series A · modeled $6.1M · 2023-07-122023
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
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
31 mo
Avg between rounds
$1.8M/yr
Capital velocity
13.4 yr
On record since
2013
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) 7.9× above median
This company$18.3M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$1.9M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 2.4× above median
This company$6.1M
Sector median$2.5M

Raised more than 88% of sector peers (real $). Modeled value above 71% 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 #23 of 40.

This companyCohort peer
$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)RTG Mining Inc. (this company) Raised $18.3M · modeled $6.1M (est)RTG Mining Inc.
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×
RTG Mining Inc. this companySeries A$18.3M$6.1M0.74×
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$5.4M2013-02-14$24.7M$23.8M85%
Series A$1.8M2018-03-08$8.0M$7.7M90%
Series A$1.6M2020-05-29$7.1M$6.8M90%
Series A$7.6M2021-12-24$34.5M$28.5M90%
Series A$1.9M2023-07-12$8.7M$6.1M90%
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$5.4M2013-02-14
    • First recorded raise — entered as Series A.
    • 9 investors on this round.
  2. Series A$1.8M2018-03-08
    • Raised again after 61 mo — slower than the ~11 mo sector norm.
    • Round 3.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 11 investors on this round.
  3. Series A$1.6M2020-05-29
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  4. Series A$7.6M2021-12-24
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round 4.8× larger than the prior — scaling up.
    • 11 investors on this round.
  5. Series A$1.9M2023-07-12
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~31mo cadence
$1.9M
Modeled next size est.range $1.9M$3.0M
0.3×
Last step-up
$1.8M/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
Robert Scott19 other2023-07
Michael Bowen5 other2013-02
Mark Turner4 other2023-07
Michael Carrick2 other2023-07
Justine A Magee1 other2018-03
Robert A Scott1 other2018-03
Sean Fieler1 other2023-07
David A Cruse2018-03
Justine Magee2023-07
Kenneth Caruso2023-07
Mark A Turner2018-03
Michael A Carrick2018-03
Phil A Lockyer2018-03
Phillip Lockyer2023-07
Sean A Fieler2021-12
Registry & provenance

RTG Mining Inc. 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
1570154
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
Japan Gold Corp.Mining & ResourcesSeries A$20.6M$2.6Mnetwork1 shared operator · same sector · same stage
GoviEx Uranium Inc.Mining & ResourcesSeries A$18.9M$968Ksame sector · same stage
Applied Minerals, Inc.Mining & ResourcesSeries A$19.5M$4.0Msame sector · same stage
Western Uranium & Vanadium Corp.Mining & ResourcesSeries A$20.5M$3.0Msame sector · same stage
Pecoy Copper Corp.Mining & ResourcesSeries A$16.1M$8.8Msame sector · same stage
Guanajuato Silver Co LtdMining & ResourcesSeries A$16.0M$3.1Msame sector · same stage
Pecoy Copper LtdMining & ResourcesSeries A$15.9M$8.3Msame sector · same stage
Golden Minerals CoMining & ResourcesSeries A$21.3M$6.7Msame 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
RGD Mining Co Inc.Mining & ResourcesPre-Seed$245K88%
TDG Gold Corp.Mining & ResourcesSeries A$16.4M88%
Treasury Metals IncMining & ResourcesPre-Seed$705K85%
Magna Mining Inc.Mining & ResourcesSeries A$12.2M84%
GS Mining Co LLCMining & ResourcesSeries B$96.0M84%
Scandium International Mining Corp.Mining & ResourcesSeed$511K84%
Goldgroup Mining Inc.Mining & ResourcesSeed$1.1M83%
Orestone Mining Corp.Mining & ResourcesPre-Seed$324K83%
Frequently asked
How much funding has RTG Mining Inc. raised?
RTG Mining Inc. has raised approximately $18.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is RTG Mining Inc.'s estimated valuation?
Provath's modeled valuation for RTG Mining Inc. is approximately $6.1M (modeled range $2.5M–$16.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is RTG Mining Inc. at?
RTG Mining Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Jul 12.
What does RTG Mining Inc. do and where is it based?
RTG Mining Inc. operates in the Mining & Resources sector, based in Subaico.
Explore related

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

Is this your company?

If you work at RTG Mining Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.