Companies · Mining & Resources

Silver X Mining Corp.

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

Diligence memoA one-page analyst read on Silver X Mining Corp. — recommendation, valuation, rhythm, risks.
$11.2M
Total raised · real
12
Rounds
7.5×
Latest step-up
Top 18%
Sector rank · raised
Seed
Latest stage · inferred · Mon Sep 15 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Silver X Mining Corp. 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 1.61× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 9 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

Silver X Mining Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 83% of sector peers), and mid-pack 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)
2025-09-15
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 · 2010-01-28 Raised $282K (real) Modeled valuation $1.9M (est)Pre-Seed2010Pre-Seed · 2010-08-26 Raised $227K (real) Modeled valuation $1.5M (est)Pre-Seed2010Pre-Seed · 2013-06-03 Raised $885K (real) Modeled valuation $5.9M (est)Pre-Seed2013Seed · 2014-02-21 Raised $3.5M (real) Modeled valuation $19M (est)Seed2014Seed · 2014-05-16 Raised $1.5M (real) Modeled valuation $8.1M (est)Seed2014Seed · 2014-07-25 Raised $1.0M (real) Modeled valuation $5.4M (est)Seed2014Seed · 2014-09-09 Raised $600K (real) Modeled valuation $3.2M (est)Seed2014Seed · 2014-12-08 Raised $100K (real) Modeled valuation $537K (est)Seed2014Seed · 2014-12-08 Raised $100K (real) Modeled valuation $537K (est)Seed2014Seed · 2022-10-28 Raised $504K (real) Modeled valuation $1.8M (est)Seed2022Seed · 2023-06-28 Raised $324K (real) Modeled valuation $1.0M (est)Seed2023Pre-Seed · 2024-04-04 Raised $376K (real) Modeled valuation $1.0M (est)Pre-Seed2024Seed · 2024-04-04 Raised $273K (real) Modeled valuation $764K (est)Seed2024Seed · 2025-09-15 Raised $2.0M (real) Modeled valuation $4.4M (est)Seed2025Cumulative $12M

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$282K · 2010
Pre-Seed extension$227K · 2010
Pre-Seed extension$885K · 2013
Seed$3.5M · 2014
Seed extension$1.5M · 2014
Seed extension$1.0M · 2014
Seed extension$600K · 2014
Seed extension$100K · 2014
Seed extension$100K · 2014
Seed extension$504K · 2022
Seed extension$324K · 2023
Bridge · Seed-stage$376K · 2024smaller follow-on
Seed extension$273K · 2024
Seed extension$2.0M · 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
$4.4M
Base estimate est.
$1.7M
Conservative case
$8.5M
Upside case
$10.2M
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 $1.9M · 2010-01-282010Pre-Seed · modeled $1.5M · 2010-08-26Pre-Seed · modeled $5.9M · 2013-06-03Seed · modeled $18.8M · 2014-02-21Seed · modeled $8.1M · 2014-05-16Seed · modeled $5.4M · 2014-07-25Seed · modeled $3.2M · 2014-09-09Seed · modeled $537K · 2014-12-08Seed · modeled $537K · 2014-12-08Seed · modeled $1.8M · 2022-10-28Seed · modeled $1.0M · 2023-06-28Pre-Seed · modeled $1.0M · 2024-04-04Seed · modeled $764K · 2024-04-04Seed · modeled $4.4M · 2025-09-152025
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
14 mo
Avg between rounds
$719K/yr
Capital velocity
16.4 yr
On record since
2010
First round
14
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) 4.9× above median
This company$11.2M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.9× above median
This company$2.0M
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.8× above median
This company$4.4M
Sector median$2.5M

Raised more than 83% of sector peers (real $). Modeled value above 63% 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 #23 of 77.

This companyCohort peer
$1.0M$10.0M$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 $5.8M (est)Thunder Mountain Gold Inc · Seed Raised $4.9M · modeled $5.3M (est)Silver X Mining Corp. (this company) Raised $11.2M · modeled $4.4M (est)Silver X Mining 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$5.8M2.12×
Thunder Mountain Gold IncSeed$4.9M$5.3M1.94×
Silver X Mining Corp. this companySeed$11.2M$4.4M1.61×
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$282K2010-01-28$1.6M$1.9M85%
Pre-Seed$227K2010-08-26$1.3M$1.5M85%
Pre-Seed$885K2013-06-03$4.9M$5.9M85%
Seed$3.5M2014-02-21$17.5M$18.8M85%
Seed$1.5M2014-05-16$7.5M$8.1M85%
Seed$1.0M2014-07-25$5.0M$5.4M85%
Seed$600K2014-09-09$3.0M$3.2M85%
Seed$100K2014-12-08$500K$537K85%
Seed$100K2014-12-08$500K$537K85%
Seed$504K2022-10-28$2.5M$1.8M90%
Seed$324K2023-06-28$1.6M$1.0M90%
Pre-Seed$376K2024-04-04$2.1M$1.0M90%
Seed$273K2024-04-04$1.4M$764K90%
Seed$2.0M2025-09-15$10.2M$4.4M90%
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$282K2010-01-28
    • First recorded raise — entered as Pre-Seed.
    • 12 investors on this round.
  2. Pre-Seed$227K2010-08-26
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 20 investors on this round.
  3. Pre-Seed$885K2013-06-03
    • Raised again after 33 mo — slower than the ~11 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • 7 investors on this round.
  4. Seed$3.5M2014-02-21
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  5. Seed$1.5M2014-05-16
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  6. Seed$1.0M2014-07-25
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  7. Seed$600K2014-09-09
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  8. Seed$100K2014-12-08
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 6.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Seed$100K2014-12-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  10. Seed$504K2022-10-28
    • Raised again after 95 mo — slower than the ~11 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • 2 investors on this round.
  11. Seed$324K2023-06-28
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  12. Pre-Seed$376K2024-04-04
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  13. Seed$273K2024-04-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  14. Seed$2.0M2025-09-15
    • Raised again after 17 mo — slower than the ~11 mo sector norm.
    • Round 7.5× larger than the prior — scaling up.
    • 5 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~14mo cadence
$6.1M
Modeled next size est.range $4.0M$9.8M
7.5×
Last step-up
$719K/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
Michael Williams26 other2010-08
Kevin Bales7 other2010-01
Ralph Rushton7 other2010-01
Darryl Cardey6 other2023-06
MICHAEL CALLAHAN6 other2013-06
Arthur Brown4 other2013-06
DOUGLAS FORD2 other2013-06
ERIC SADERHOLM2 other2010-01
Jason Tong2 other2024-04
LAWRENCE ROULSTON2 other2014-02
Mike Hoffman2 other2023-06
PETER THIERSCH2 other2010-01
Warwick Smith2 other2010-01
ALF HILLS1 other2014-02
Michael M. Hoffman1 other2022-10
Ronald Marino1 other2022-10
SHERYL ELSDON1 other2014-12
CURT EVERSON2010-01
Darryl M. Cardey2022-10
David Gleit2025-09
Enrique Garay2023-06
Finona Grant2023-06
Francis Johnstone2023-06
Francis M. Johnstone2022-10
Registry & provenance

Silver X Mining 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
1482436
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
Cordoba Minerals Corp.Mining & ResourcesSeries A$19.4M$33.5Mnetwork3 shared operators · same sector
American Pacific Mining CorpMining & ResourcesSeed$5.2M$10.1Mnetwork2 shared operators · same sector · same stage
Aftermath Silver Ltd.Mining & ResourcesSeed$2.4M$834Knetwork2 shared operators · same sector · same stage
Revelo Resources Corp.OtherSeed$8.5M$20.5Mnetwork2 shared operators · same stage
Metallum Resources Inc.OtherSeed$7.5M$5.5Mnetwork2 shared operators · same stage
Prospero Silver Corp.Mining & ResourcesPre-Seed$1.9M$1.1Mnetwork2 shared operators · same sector
Electrum Discovery Corp.OtherPre-Seed$3.2M$830Knetwork3 shared operators
Velocity Minerals Ltd.Mining & ResourcesSeed$2.3M$498Knetwork1 shared operator · same 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 Dollar Resources Inc.Mining & ResourcesPre-Seed$1.3M90%
Silverco Mining Ltd.Mining & ResourcesSeries A$19.0M90%
Silver Bow Mining Corp.Mining & ResourcesSeed$2.6M90%
Apollo Silver CorpMining & ResourcesSeed$359K89%
Silver Scott Mines IncMining & ResourcesSeed$5.1M89%
Silver Bull Resources, Inc.Mining & ResourcesSeries A$397K89%
GR Silver Mining Ltd.Mining & ResourcesPre-Seed$453K89%
Orex Minerals IncMining & ResourcesSeed$1.6M89%
Frequently asked
How much funding has Silver X Mining Corp. raised?
Silver X Mining Corp. has raised approximately $11.2M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is Silver X Mining Corp.'s estimated valuation?
Provath's modeled valuation for Silver X Mining Corp. is approximately $4.4M (modeled range $1.7M–$8.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Silver X Mining Corp. at?
Silver X Mining Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Sep 15.
What does Silver X Mining Corp. do and where is it based?
Silver X Mining Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where Silver X Mining 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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