Diligence memo · auto-generated · as of July 3, 2026
Tanzanian Gold Corp
Tanzanian Gold Corp looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Tanzanian Gold Corp 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
Tanzanian Gold Corp has raised $29M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $14M on 2021-02-11.
Most recent recorded round closed around 2021-02-11.
Valuation (modeled)modeled
Provath models Tanzanian Gold Corp at approximately $58M (range $18M–$273M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 25 months.
Last raise 5.4 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 93% of Mining & Resources peers (701 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: Copper John Partners, LLC, Lithium Werks Group B.V., Vision Quest Gold, Inc., Gold Flora, LLC, DeepGreen Metals Inc..
Peoplefiled
21 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.