Diligence memo · auto-generated · as of July 3, 2026
Sovereign Metals Ltd
Sovereign Metals Ltd looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Sovereign Metals Ltd operates in Mining & Resources, based in PERTH WA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sovereign Metals Ltd has raised $6.8M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.5M on 2021-04-08.
Most recent recorded round closed around 2022-05-03.
Valuation (modeled)modeled
Provath models Sovereign Metals Ltd at approximately $8.3M (range $3.0M–$30M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 4.2 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 75% of Mining & Resources peers (701 compared).
Modeled value ranks above 77% of those peers.
Closest niche peers: 360 Mining, Inc., Arizona Sonoran Copper Co Inc., Reunion Gold Corp, American Strategic Metals Corp., MERIT Mining Ohio, LLC.
Peoplefiled
7 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.