Diligence memo · auto-generated · as of July 3, 2026
Spanish Mountain Gold Ltd.
Spanish Mountain Gold Ltd. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Spanish Mountain Gold Ltd. operates in Mining & Resources, based in VANCOUVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spanish Mountain Gold Ltd. has raised $2.7M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $615K on 2025-08-27.
Most recent recorded round closed around 2025-08-27.
Valuation (modeled)modeled
Provath models Spanish Mountain Gold Ltd. at approximately $1.2M (range $390K–$2.8M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.93× the median modeled value of Pre-Seed Mining & Resources companies in 2025–2027 (85 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 34 months.
Last raise 10 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 1.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 56% of Mining & Resources peers (701 compared).
Modeled value ranks above 37% of those peers.
Closest niche peers: Silver Creek Investors, LLC /WI/, Viridian Metals Inc., Gold Candle Ltd., Argenta Silver Corp., Relevant Gold Corp..
Peoplefiled
22 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.