Companies · Mining & Resources

Tanzanian Gold Corp

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

Diligence memoA one-page analyst read on Tanzanian Gold Corp — recommendation, valuation, rhythm, risks.
$29.3M
Total raised · real
4
Rounds
3.5×
Latest step-up
Top 8%
Sector rank · raised
Series A
Latest stage · inferred · Thu Feb 11 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Tanzanian Gold Corp looks over-valued against its niche peers and is dormant 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 2.65× the median modeled value of Series A Mining & Resources companies in 2019–2021 (27 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.4 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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

Tanzanian Gold Corp is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 93% of sector peers), and among the largest 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
14
Investors (latest)
2021-02-11
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$25M$50M$75M$100MSeries A · 2014-12-09 Raised $10M (real) Modeled valuation $44M (est)$10M$44MSeries A2014Series A · 2016-09-01 Raised $1.3M (real) Modeled valuation $5.5M (est)$1.3M$5.5MSeries A2016Series A · 2020-07-22 Raised $4.0M (real) Modeled valuation $17M (est)$4.0M$17MSeries A2020Series A · 2021-02-11 Raised $14M (real) Modeled valuation $58M (est)$14M$58MSeries A2021+$1.3M+$4.0M+$14MCumulative $29M

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
Series A$10.0M · 2014
Series A extension$1.3M · 2016
Series A extension$4.0M · 2020
Series A extension$14.1M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$57.9M
Base estimate est.
$18.3M
Conservative case
$273.0M
Upside case
$64.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Series A · modeled $43.7M · 2014-12-092014Series A · modeled $5.5M · 2016-09-01Series A · modeled $17.4M · 2020-07-22Series A · modeled $57.9M · 2021-02-112021
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
5.4 yr
Elapsed time used
5.4 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$4.8M/yr
Capital velocity
11.6 yr
On record since
2014
First round
4
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) 13× above median
This company$29.3M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 3.4× above median
This company$14.1M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 23× above median
This company$57.9M
Sector median$2.5M

Raised more than 93% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #1 of 27.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Copper John Partners, LLC · Series A Raised $11.0M · modeled $44.0M (est)Lithium Werks Group B.V. · Series A Raised $10.0M · modeled $43.1M (est)Vision Quest Gold, Inc. · Series A Raised $10.0M · modeled $42.9M (est)Gold Flora, LLC · Series A Raised $10.3M · modeled $42.0M (est)DeepGreen Metals Inc. · Series A Raised $18.8M · modeled $37.9M (est)Gryphon Digital Mining, Inc. · Series A Raised $38.9M · modeled $35.7M (est)Cordoba Minerals Corp. · Series A Raised $19.4M · modeled $33.5M (est)Uranium Royalty Corp. · Series A Raised $17.0M · modeled $32.8M (est)Altura Mining Ltd · Series A Raised $11.6M · modeled $28.2M (est)AEX Gold Inc. · Series A Raised $6.0M · modeled $26.1M (est)Cerro Mining Corp. · Series A Raised $5.9M · modeled $23.5M (est)Tanzanian Gold Corp (this company) Raised $29.3M · modeled $57.9M (est)Tanzanian Gold Corp
CompanyStageRaised · realValue · estvs peer med.
Tanzanian Gold Corp this companySeries A$29.3M$57.9M2.65×
Copper John Partners, LLCSeries A$11.0M$44.0M2.01×
Lithium Werks Group B.V.Series A$10.0M$43.1M1.97×
Vision Quest Gold, Inc.Series A$10.0M$42.9M1.96×
Gold Flora, LLCSeries A$10.3M$42.0M1.92×
DeepGreen Metals Inc.Series A$18.8M$37.9M1.73×
Gryphon Digital Mining, Inc.Series A$38.9M$35.7M1.63×
Cordoba Minerals Corp.Series A$19.4M$33.5M1.53×
Uranium Royalty Corp.Series A$17.0M$32.8M1.50×
Altura Mining LtdSeries A$11.6M$28.2M1.29×
AEX Gold Inc.Series A$6.0M$26.1M1.20×
Cerro Mining Corp.Series A$5.9M$23.5M1.08×
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.
Series A$10.0M2014-12-09$45.5M$43.7M85%
Series A$1.3M2016-09-01$5.7M$5.5M85%
Series A$4.0M2020-07-22$18.2M$17.4M90%
Series A$14.1M2021-02-11$64.1M$57.9M90%
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. Series A$10.0M2014-12-09
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
  2. Series A$1.3M2016-09-01
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 8.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$4.0M2020-07-22
    • Raised again after 47 mo — slower than the ~11 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 2 investors on this round.
  4. Series A$14.1M2021-02-11
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 14 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~25mo cadence
$42.3M
Modeled next size est.range $27.5M$67.6M
3.5×
Last step-up
$4.8M/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
Norman Betts2 other2020-07
Andrew Cheatle1 other2021-02
James Sinclair1 other2020-07
Abdulkarim E. Mruma2014-12
Donna Moroney2020-07
James E. Sinclair2014-12
JEFFREY DUVAL2020-07
Jeffrey E. Duval2016-09
Joseph E. Kahama2014-12
Marco E. Guidi2016-09
Marco Guidi2020-07
Norman E. Betts2014-12
Peter Zizhou2020-07
Rosalind E. Morrow2014-12
Rosalind Morrow2020-07
Stephen Mullowney2021-02
Steve E. Van Tongeren2014-12
Ulrich E. Rath2014-12
ULRICH RATH2020-07
William E. Harvey2014-12
William Harvey2020-07
Registry & provenance

Tanzanian 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
1173643
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
Troilus Gold Corp.Mining & ResourcesSeries A$7.9M$5.7Mnetwork1 shared operator · same sector · same stage
Almaden Minerals LtdMining & ResourcesSeries A$29.2M$5.4Msame sector · same stage
C3 Metals Inc.Mining & ResourcesSeries A$27.2M$15.7Msame sector · same stage
Loncor Gold Inc.Mining & ResourcesSeries A$32.2M$4.8Msame sector · same stage
Nevada King Gold Corp.Mining & ResourcesSeries A$25.3M$10.7Msame sector · same stage
Eco Oro Minerals Corp.Mining & ResourcesSeries A$24.5M$10.3Msame sector · same stage
Lion Copper & Gold Corp.Mining & ResourcesSeries A$36.6M$6.9Msame sector · same stage
Northern Dynasty Minerals LtdMining & ResourcesSeries A$23.2M$31.0Msame 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
Asante Gold Corp.Mining & ResourcesPre-Seed$3.2M85%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M85%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M85%
Mexican Gold Corp.Mining & ResourcesPre-Seed$601K84%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M84%
Japan Gold Corp.Mining & ResourcesSeries A$2.6M84%
Corex Gold CorpMining & ResourcesSeed$794K84%
Core Gold Inc.Mining & ResourcesPre-Seed$1.5M83%
Frequently asked
How much funding has Tanzanian Gold Corp raised?
Tanzanian Gold Corp has raised approximately $29.3M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Tanzanian Gold Corp's estimated valuation?
Provath's modeled valuation for Tanzanian Gold Corp is approximately $57.9M (modeled range $18.3M–$273.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tanzanian Gold Corp at?
Tanzanian Gold Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Feb 11.
What does Tanzanian Gold Corp do and where is it based?
Tanzanian Gold Corp operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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