Companies · Mining & Resources

Scorpio Gold Corp

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

Diligence memoA one-page analyst read on Scorpio Gold Corp — recommendation, valuation, rhythm, risks.
$3.1M
Total raised · real
2
Rounds
0.0×
Latest step-up
Top 42%
Sector rank · raised
Seed
Latest stage · inferred · Wed Sep 03 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Scorpio Gold Corp looks under-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.

Under-valued
  • Modeled value is 0.12× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 10 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

Scorpio Gold Corp is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 59% 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
No revenue
Issuer revenue
Rule 506(c)
Reg D exemption
1
Investors (latest)
2025-09-03
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 · 2006-06-11 Raised $171K (real) Modeled valuation $1.1M (est)$171K$1.1MPre-Seed2006Seed · 2010-03-10 Raised $3.0M (real) Modeled valuation $16M (est)$3.0M$16MSeed2010Seed · 2025-09-03 Raised $145K (real) Modeled valuation $317K (est)$145K$317KSeed2025+$3.0M+$145KCumulative $3.3M

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$171K · 2006
Seed$3.0M · 2010
Seed extension$145K · 2025

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$317K
Base estimate est.
$124K
Conservative case
$615K
Upside case
$724K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.1M · 2006-06-112006Seed · modeled $16.0M · 2010-03-10Seed · modeled $317K · 2025-09-032025
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
115 mo
Avg between rounds
$162K/yr
Capital velocity
20.1 yr
On record since
2006
First round
3
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) 1.4× above median
This company$3.1M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$145K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$317K
Sector median$2.5M

Raised more than 59% of sector peers (real $). Modeled value above 8% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #72 of 77.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Blue Gold Ltd · Seed Raised $3.8M · modeled $8.4M (est)Sierra Madre Gold & Silver Ltd. · Seed Raised $4.0M · modeled $8.1M (est)Metal Powder Works Ltd · Seed Raised $3.2M · modeled $7.7M (est)Western Exploration Inc. · Seed Raised $4.3M · modeled $7.5M (est)Mayfair Gold Corp. · Seed Raised $16.2M · modeled $7.3M (est)Great Pacific Gold Corp. · Seed Raised $3.4M · modeled $6.8M (est)Cuprum Metals Inc. · Seed Raised $2.8M · modeled $6.7M (est)Lavras Gold Corp. · Seed Raised $2.6M · modeled $6.2M (est)B & N Mining, Inc. · Seed Raised $3.0M · modeled $6.1M (est)Pirate Gold Corp. · Seed Raised $2.8M · modeled $6.1M (est)West Red Lake Gold Mines Ltd. · Seed Raised $12.9M · modeled $5.9M (est)Thunder Mountain Gold Inc · Seed Raised $4.9M · modeled $5.4M (est)Scorpio Gold Corp (this company) Raised $3.1M · modeled $317K (est)Scorpio Gold Corp
CompanyStageRaised · realValue · estvs peer med.
Blue Gold LtdSeed$3.8M$8.4M3.03×
Sierra Madre Gold & Silver Ltd.Seed$4.0M$8.1M2.94×
Metal Powder Works LtdSeed$3.2M$7.7M2.78×
Western Exploration Inc.Seed$4.3M$7.5M2.72×
Mayfair Gold Corp.Seed$16.2M$7.3M2.64×
Great Pacific Gold Corp.Seed$3.4M$6.8M2.47×
Cuprum Metals Inc.Seed$2.8M$6.7M2.44×
Lavras Gold Corp.Seed$2.6M$6.2M2.25×
B & N Mining, Inc.Seed$3.0M$6.1M2.22×
Pirate Gold Corp.Seed$2.8M$6.1M2.20×
West Red Lake Gold Mines Ltd.Seed$12.9M$5.9M2.12×
Thunder Mountain Gold IncSeed$4.9M$5.4M1.94×
Scorpio Gold Corp this companySeed$3.1M$317K0.12×
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$171K2006-06-11$947K$1.1M85%
Seed$3.0M2010-03-10$14.9M$16.0M85%
Seed$145K2025-09-03$724K$317K90%
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$171K2006-06-11
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$3.0M2010-03-10
    • Raised again after 45 mo — slower than the ~11 mo sector norm.
    • Round 17.5× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Seed$145K2025-09-03
    • Raised again after 186 mo — slower than the ~11 mo sector norm.
    • Round 20.6× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 06).
    • 1 investor on this round.
Intelligence
2035 ~Q2
Modeled next raise · ~115mo cadence
$145K
Modeled next size est.range $145K$232K
0.0×
Last step-up
$162K/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
William Sheriff7 other2025-09
Andrew Lee Smith4 other2006-06
Leo Hathaway3 other2025-09
Michael Townsend3 other2025-09
Andrea Yuan2 other2025-09
Brian Lee Lock2 other2010-03
Brian Lock2 other2006-06
David Smalley2 other2006-06
David Lee Smalley1 other2010-03
Peter J. Hawley1 other2006-06
Gilbert Comtois2006-06
Gilbert J. Comtois2010-03
Ian Dawson2025-09
Janet Horbulyk2006-06
Janet J. Horbulyk2010-03
Luc Lee Pelchat2010-03
Luc Pelchat2006-06
Stephanie Sharma2025-09
Zayn Kalyn2025-09
Registry & provenance

Scorpio Gold 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
1467093
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
Lumina Gold Corp.Mining & ResourcesSeed$4.7M$3.7Mnetwork1 shared operator · same sector · same stage
Defiance Silver Corp.Mining & ResourcesSeed$4.8M$683Knetwork1 shared operator · same sector · same stage
Canaco Resources Inc.OtherSeries A$5.7M$85.6Mnetwork3 shared operators
Scandium International Mining Corp.Mining & ResourcesSeed$12.4M$511Knetwork1 shared operator · same sector · same stage
Mega Uranium Ltd.Mining & ResourcesSeed$3.1M$2.4Msame sector · same stage
Westward Gold Inc.Mining & ResourcesSeed$3.1M$2.1Msame sector · same stage
Stratus Silver Lining, Inc.Mining & ResourcesSeed$3.1M$2.7Msame sector · same stage
Ares Strategic Mining Inc.Mining & ResourcesSeed$3.2M$1.4Msame 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
Zodiac Gold Inc.Mining & ResourcesSeries A$10.9M88%
Star Gold Corp.Mining & ResourcesSeed$5.8M87%
MAS Gold Corp.Mining & ResourcesSeed$4.9M86%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M85%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M85%
South Star Mining Corp.Mining & ResourcesPre-Seed$186K84%
Sanu Gold Corp.Mining & ResourcesPre-Seed$1.3M84%
Great Southern Gold Corp.Mining & ResourcesPre-Seed$704K84%
Frequently asked
How much funding has Scorpio Gold Corp raised?
Scorpio Gold Corp has raised approximately $3.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Scorpio Gold Corp's estimated valuation?
Provath's modeled valuation for Scorpio Gold Corp is approximately $317K (modeled range $124K–$615K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Scorpio Gold Corp at?
Scorpio Gold Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Sep 03.
What does Scorpio Gold Corp do and where is it based?
Scorpio Gold Corp operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where Scorpio Gold 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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