Companies · Mining & Resources

Silver Bay Seafoods-False Pass, LLC

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

Diligence memoA one-page analyst read on Silver Bay Seafoods-False Pass, LLC — recommendation, valuation, rhythm, risks.
$1.7M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 55%
Sector rank · raised
Seed
Latest stage · inferred · Mon Nov 17 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Silver Bay Seafoods-False Pass, LLC 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 0.11× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 7 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Silver Bay Seafoods-False Pass, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
3.6 yr record
Peak capital year was 2022 with $1.6M across 1 filings.
Market position
ahead of 46% of Mining & Resources peers
Capital scale is ahead of 46% of Mining & Resources peers; modeled value is above 7% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2022: $1.6M across 1 filings.
  • Largest single filing was $1.6M on 2022-11-28.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
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

Silver Bay Seafoods-False Pass, LLC is one of 701 Mining & Resources companies tracked from SITKA. By capital raised it ranks mid-pack (ahead of 46% 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
Rule 506(b)
Reg D exemption
36
Investors (latest)
2025-11-17
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$2.5M$5.0M$7.5M$10MSeed · 2022-11-28 Raised $1.6M (real) Modeled valuation $5.7M (est)$1.6M$5.7MSeed2022Seed · 2025-11-17 Raised $140K (real) Modeled valuation $296K (est)$140K$296KSeed2025+$140KCumulative $1.7M

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
Seed$1.6M · 2022
Seed extension$140K · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$296K
Base estimate est.
$120K
Conservative case
$543K
Upside case
$700K
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.

Seed · modeled $5.7M · 2022-11-282022Seed · modeled $296K · 2025-11-172025
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
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
36 mo
Avg between rounds
$586K/yr
Capital velocity
3.6 yr
On record since
2022
First round
2
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) 0.8× of median
This company$1.7M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$140K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$296K
Sector median$2.5M

Raised more than 46% of sector peers (real $). Modeled value above 7% 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 #74 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)Silver Bay Seafoods-False Pass, LLC (this company) Raised $1.7M · modeled $296K (est)Silver Bay Seafoods-False Pass, LLC
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×
Silver Bay Seafoods-False Pass, LLC this companySeed$1.7M$296K0.11×
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.
Seed$1.6M2022-11-28$8.0M$5.7M90%
Seed$140K2025-11-17$700K$296K90%
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. Seed$1.6M2022-11-28
    • First recorded raise — entered as Seed.
  2. Seed$140K2025-11-17
    • Raised again after 36 mo — slower than the ~11 mo sector norm.
    • Round 11.4× smaller than the prior — bridge or down round.
    • 36 investors on this round.
Intelligence
2028 ~Q4
Modeled next raise · ~36mo cadence
$140K
Modeled next size est.range $140K$224K
0.1×
Last step-up
$586K/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
Erik Menten5 other2022-11
N/A Silver Bay Seafoods, L.L.C.5 other2022-11
Troy Denkinger5 other2022-11
Robert Zuanich4 other2022-11
Richard Riggs2 other2022-11
Michael Laukitis2022-11
Tom Manos2022-11
Tom Murtha2022-11
Registry & provenance

Silver Bay Seafoods-False Pass, LLC 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
1954685
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
Silver Bay Seafoods - Naknek, LLCMining & ResourcesPre-Seed$1.0M$367Knetwork5 shared operators · same sector
Silver Bay Seafoods-California, LLCMining & ResourcesPre-Seed$630K$2.4Mnetwork4 shared operators · same sector
Silver Bay Seafoods-Kodiak, LLCMining & ResourcesSeries A$19.2M$341Knetwork4 shared operators · same sector
Silver Bay Seafoods - Valdez, LLCMining & ResourcesSeries B$22.2M$500Knetwork4 shared operators · same sector
Silver Bay Seafoods-Southeast, LLCMining & ResourcesSeries B$32.8M$653Knetwork4 shared operators · same sector
Good Earth Minerals, LlcMining & ResourcesSeed$1.8M$2.3Msame sector · same stage
Midnight Sun Mining Corp.Mining & ResourcesSeed$1.7M$3.3Msame sector · same stage
Corex Gold CorpMining & ResourcesSeed$1.8M$794Ksame 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
Silver Bay Seafoods-California, LLCMining & ResourcesPre-Seed$2.4M92%
Silver Bay Seafoods-Southeast, LLCMining & ResourcesSeries B$653K90%
Silver Bay Seafoods - Valdez, LLCMining & ResourcesSeries B$500K90%
Silver Bay Seafoods - Naknek, LLCMining & ResourcesPre-Seed$367K90%
Silver Bay Seafoods-Kodiak, LLCMining & ResourcesSeries A$341K89%
SilverCrest Metals Inc.Mining & ResourcesSeries A$17.5M76%
Silver47 Exploration Corp.Mining & ResourcesPre-Seed$766K75%
Silver Tiger Metals Inc.Mining & ResourcesSeries A$25.1M75%
Frequently asked
How much funding has Silver Bay Seafoods-False Pass, LLC raised?
Silver Bay Seafoods-False Pass, LLC has raised approximately $1.7M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Silver Bay Seafoods-False Pass, LLC's estimated valuation?
Provath's modeled valuation for Silver Bay Seafoods-False Pass, LLC is approximately $296K (modeled range $120K–$543K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Silver Bay Seafoods-False Pass, LLC at?
Silver Bay Seafoods-False Pass, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Nov 17.
What does Silver Bay Seafoods-False Pass, LLC do and where is it based?
Silver Bay Seafoods-False Pass, LLC operates in the Mining & Resources sector, based in SITKA.
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