Diligence memo · auto-generated · as of July 2, 2026
Rubicon Minerals Corp
Rubicon Minerals Corp looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Rubicon Minerals Corp operates in Mining & Resources, based in Toronto.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Rubicon Minerals Corp has raised $22M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $10M on 2012-02-29.
Most recent recorded round closed around 2019-10-10.
Valuation (modeled)modeled
Provath models Rubicon Minerals Corp at approximately $9.3M (range $4.6M–$36M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.11× the median modeled value of Series B Mining & Resources companies in 2019–2021 (9 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 32 months.
Last raise 6.7 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 15.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 91% of Mining & Resources peers (701 compared).
Modeled value ranks above 78% of those peers.
Closest niche peers: Blockware Mining, LLC, Universe Exploration Co, Metal Oxide Technologies LLC, GS Mining Co LLC, Hunter Douglas Metals LLC.
Peoplefiled
24 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.