Companies · Mining & Resources

Rua Gold Inc.

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

Diligence memoA one-page analyst read on Rua Gold Inc. — recommendation, valuation, rhythm, risks.
$16.4M
Total raised · real
4
Rounds
1.9×
Latest step-up
Top 13%
Sector rank · raised
Series A
Latest stage · inferred · Wed Jan 28 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Rua Gold Inc. looks over-valued against its niche peers and is active 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.

Over-valued
  • Modeled value is 2.03× the median modeled value of Series A Mining & Resources companies in 2025–2027 (40 peers) — value vs value, same stage and era.
Active
  • Last raise 5 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Rua Gold Inc. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and among the largest 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
5
Investors (latest)
2026-01-28
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$50MPre-Seed · 2022-04-19 Raised $296K (real) Modeled valuation $1.3M (est)$296K$1.3MPre-Seed2022Pre-Seed · 2024-07-25 Raised $854K (real) Modeled valuation $2.2M (est)$854K$2.2MPre-Seed2024Series A · 2025-06-26 Raised $5.2M (real) Modeled valuation $14M (est)$5.2M$14MSeries A2025Series A · 2026-01-28 Raised $10M (real) Modeled valuation $25M (est)$10M$25MSeries A2026+$854K+$5.2M+$10MCumulative $16M

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$296K · 2022
Pre-Seed extension$854K · 2024
Series A$5.2M · 2025no Seed on file
Series A extension$10.1M · 2026

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
$25.0M
Base estimate est.
$13.1M
Conservative case
$37.6M
Upside case
$45.8M
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 $1.3M · 2022-04-192022Pre-Seed · modeled $2.2M · 2024-07-25Series A · modeled $13.7M · 2025-06-26Series A · modeled $25.0M · 2026-01-282026
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
0.4 yr
Elapsed time used
0.4 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$4.3M/yr
Capital velocity
4.2 yr
On record since
2022
First round
4
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) 7.1× above median
This company$16.4M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.4× above median
This company$10.1M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 9.9× above median
This company$25.0M
Sector median$2.5M

Raised more than 88% of sector peers (real $). Modeled value above 90% 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 #4 of 40.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Fortitude Gold Corp · Series A Raised $12.5M · modeled $29.6M (est)San Cristobal Mining Inc. · Series A Raised $17.2M · modeled $28.8M (est)Torngat Metals Ltd · Series A Raised $21.9M · modeled $27.1M (est)Red Metals, Inc. · Series A Raised $9.6M · modeled $23.7M (est)West Point Gold Corp. · Series A Raised $9.2M · modeled $21.3M (est)McFarlane Lake Mining Ltd · Series A Raised $7.9M · modeled $19.2M (est)Evolution Metals LLC · Series A Raised $7.2M · modeled $19.0M (est)Silverco Mining Ltd. · Series A Raised $7.7M · modeled $19.0M (est)Miedzi Copper Corp. · Series A Raised $10.7M · modeled $19.0M (est)Rise Gold Corp. · Series A Raised $20.9M · modeled $17.0M (est)TDG Gold Corp. · Series A Raised $6.6M · modeled $16.4M (est)Rua Gold Inc. (this company) Raised $16.4M · modeled $25.0M (est)Rua Gold Inc.
CompanyStageRaised · realValue · estvs peer med.
Fortitude Gold CorpSeries A$12.5M$29.6M2.41×
San Cristobal Mining Inc.Series A$17.2M$28.8M2.34×
Torngat Metals LtdSeries A$21.9M$27.1M2.20×
Rua Gold Inc. this companySeries A$16.4M$25.0M2.03×
Red Metals, Inc.Series A$9.6M$23.7M1.93×
West Point Gold Corp.Series A$9.2M$21.3M1.73×
McFarlane Lake Mining LtdSeries A$7.9M$19.2M1.56×
Evolution Metals LLCSeries A$7.2M$19.0M1.54×
Silverco Mining Ltd.Series A$7.7M$19.0M1.54×
Miedzi Copper Corp.Series A$10.7M$19.0M1.54×
Rise Gold Corp.Series A$20.9M$17.0M1.38×
TDG Gold Corp.Series A$6.6M$16.4M1.33×
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$296K2022-04-19$1.6M$1.3M90%
Pre-Seed$854K2024-07-25$4.7M$2.2M90%
Series A$5.2M2025-06-26$23.6M$13.7M90%
Series A$10.1M2026-01-28$45.8M$25.0M90%
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. Pre-Seed$296K2022-04-19
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
  2. Pre-Seed$854K2024-07-25
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Series A$5.2M2025-06-26
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 6.1× larger than the prior — scaling up.
    • 3 investors on this round.
  4. Series A$10.1M2026-01-28
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 5 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~15mo cadence
$19.6M
Modeled next size est.range $12.7M$31.3M
1.9×
Last step-up
$4.3M/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
Mario Vetro5 other2024-07
TYRON BREYTENBACH4 other2024-07
Kenneth Cotiamco2 other2022-04
Oliver Lennox-King2 other2024-07
ROBERT ECKFORD2 other2024-07
KELVIN LEE1 other2022-04
Paul Criddle1 other2024-07
Robert Dubeau1 other2022-04
SIMON HENDERSON1 other2024-07
Zeenat Lokhandwala1 other2024-07
BRIAN RODAN2025-06
DESMOND BALAKRISHAN2022-04
Registry & provenance

Rua Gold 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
1925511
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
Axcap Ventures Inc.OtherSeries A$12.2M$15.3Mnetwork8 shared operators · same stage
Lithium Africa Corp.Mining & ResourcesSeed$4.0M$441Knetwork2 shared operators · same sector
Alaska Energy Metals CorpMining & ResourcesPre-Seed$913K$910Knetwork2 shared operators · same sector
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
Uranium Royalty Corp.Mining & ResourcesSeries A$17.0M$32.8Msame sector · same stage
First Mining Gold Corp.Mining & ResourcesSeries A$15.7M$14.6Msame 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
Terra Rossa Gold Ltd.Mining & ResourcesSeed$1.8M86%
Pure Gold Mining Inc.Mining & ResourcesSeries A$19.3M86%
Besra Gold Inc.Mining & ResourcesSeries B$13.3M86%
Moneta Gold Inc.Mining & ResourcesSeed$6.3M84%
Goldsource Mines Inc.Mining & ResourcesSeries A$870K84%
Legend Gold CorpMining & ResourcesSeries A$757K84%
Red Metal Resources, Ltd.Mining & ResourcesPre-Seed$4.2M84%
Giga Metals CorpMining & ResourcesPre-Seed$327K83%
Frequently asked
How much funding has Rua Gold Inc. raised?
Rua Gold Inc. has raised approximately $16.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Rua Gold Inc.'s estimated valuation?
Provath's modeled valuation for Rua Gold Inc. is approximately $25.0M (modeled range $13.1M–$37.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Rua Gold Inc. at?
Rua Gold Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Jan 28.
What does Rua Gold Inc. do and where is it based?
Rua Gold Inc. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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

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