Companies · Mining & Resources

Tincorp Metals Inc.

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

Diligence memoA one-page analyst read on Tincorp Metals Inc. — recommendation, valuation, rhythm, risks.
$836K
Total raised · real
2
Rounds
1.0×
Latest step-up
Top 70%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu May 23 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Tincorp Metals Inc. looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 1.41× the median modeled value of Pre-Seed Mining & Resources companies in 2022–2024 (80 peers) — value vs value, same stage and era.
  • Within the normal band (141% of peer median) for its niche.
At-risk
  • Last raise 2.1 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Tincorp Metals Inc. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the long tail (ahead of 31% of sector peers), and in the long tail 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
2019
Year incorporated
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2021-05-14 Raised $455K (real) Modeled valuation $2.5M (est)$455K$2.5MPre-Seed2021Pre-Seed · 2021-05-28 Raised $280K (real) Modeled valuation $1.5M (est)$280K$1.5MPre-Seed2021Pre-Seed · 2022-05-26 Raised $386K (real) Modeled valuation $1.6M (est)$386K$1.6MPre-Seed2022Pre-Seed · 2023-05-24 Raised $381K (real) Modeled valuation $1.3M (est)$381K$1.3MPre-Seed2023Pre-Seed · 2024-05-23 Raised $381K (real) Modeled valuation $1.0M (est)$381K$1.0MPre-Seed2024+$280K+$386K+$381K+$381KCumulative $1.9M

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$455K · 2021
Pre-Seed extension$280K · 2021
Pre-Seed extension$386K · 2022
Pre-Seed extension$381K · 2023
Pre-Seed extension$381K · 2024

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$1.0M
Base estimate est.
$241K
Conservative case
$3.5M
Upside case
$2.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $2.5M · 2021-05-142021Pre-Seed · modeled $1.5M · 2021-05-28Pre-Seed · modeled $1.6M · 2022-05-26Pre-Seed · modeled $1.3M · 2023-05-24Pre-Seed · modeled $1.0M · 2024-05-232024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.27×/yr
Annual markup
1.72×/yr upside case
2.1 yr
Elapsed time used
2.1 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$276K/yr
Capital velocity
5.1 yr
On record since
2021
First round
5
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) 0.4× of median
This company$836K
Sector median$2.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.4× above median
This company$381K
Sector median$271K
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$1.0M
Sector median$2.5M

Raised more than 31% of sector peers (real $). Modeled value above 33% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #29 of 80.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)CMC Metals Ltd. · Pre-Seed Raised $815K · modeled $3.7M (est)Blueprint Mining I LLC · Pre-Seed Raised $830K · modeled $3.6M (est)US Critical Metals Corp. · Pre-Seed Raised $819K · modeled $3.6M (est)Infinitum Copper Corp. · Pre-Seed Raised $803K · modeled $3.3M (est)Advanced Gold Exploration Inc. · Pre-Seed Raised $999K · modeled $3.1M (est)Power Metal Resources PLC · Pre-Seed Raised $793K · modeled $2.6M (est)American Metal LLC · Pre-Seed Raised $850K · modeled $2.4M (est)Double Gold Holdings, Inc. · Pre-Seed Raised $900K · modeled $2.4M (est)Silver Bay Seafoods-California, LLC · Pre-Seed Raised $630K · modeled $2.4M (est)Radisson Mining Resources Inc. · Pre-Seed Raised $976K · modeled $2.3M (est)Majuba Hill Copper Corp. · Pre-Seed Raised $622K · modeled $2.0M (est)Bald Eagle Gold Corp. · Pre-Seed Raised $662K · modeled $1.9M (est)Tincorp Metals Inc. (this company) Raised $836K · modeled $1.0M (est)Tincorp Metals Inc.
CompanyStageRaised · realValue · estvs peer med.
CMC Metals Ltd.Pre-Seed$815K$3.7M5.19×
Blueprint Mining I LLCPre-Seed$830K$3.6M5.05×
US Critical Metals Corp.Pre-Seed$819K$3.6M5.05×
Infinitum Copper Corp.Pre-Seed$803K$3.3M4.64×
Advanced Gold Exploration Inc.Pre-Seed$999K$3.1M4.34×
Power Metal Resources PLCPre-Seed$793K$2.6M3.75×
American Metal LLCPre-Seed$850K$2.4M3.45×
Double Gold Holdings, Inc.Pre-Seed$900K$2.4M3.36×
Silver Bay Seafoods-California, LLCPre-Seed$630K$2.4M3.34×
Radisson Mining Resources Inc.Pre-Seed$976K$2.3M3.28×
Majuba Hill Copper Corp.Pre-Seed$622K$2.0M2.88×
Bald Eagle Gold Corp.Pre-Seed$662K$1.9M2.75×
Tincorp Metals Inc. this companyPre-Seed$836K$1.0M1.41×
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$455K2021-05-14$2.5M$2.5M90%
Pre-Seed$280K2021-05-28$1.6M$1.5M90%
Pre-Seed$386K2022-05-26$2.1M$1.6M90%
Pre-Seed$381K2023-05-24$2.1M$1.3M90%
Pre-Seed$381K2024-05-23$2.1M$1.0M90%
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$455K2021-05-14
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$280K2021-05-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
  3. Pre-Seed$386K2022-05-26
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
  4. Pre-Seed$381K2023-05-24
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  5. Pre-Seed$381K2024-05-23
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2025 ~Q1
Modeled next raise · ~9mo cadence
$381K
Modeled next size est.range $381K$610K
1.0×
Last step-up
$276K/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
Gordon Neal8 other2022-05
MARK CRUISE4 other2021-05
Kevin Weston2 other2021-05
Rui Feng2 other2021-05
Lorne Waldman1 other2021-05
Steve Stakiw1 other2021-05
Tim Kingsley1 other2021-05
Bhakti Pavani2021-05
Derek Liu2021-05
Flora Lo2023-05
Hernan Uribe-Zeballos2021-05
Jean Zhang2021-05
Jonathan Hoyles2021-05
Loralee Johnstone2021-05
Nikki Graham2021-05
Victor Feng2021-05
Yongming (Alex) Zhang2021-05
Registry & provenance

Tincorp Metals Inc. 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
1864597
SEC CIK
2019
Incorporated
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
LITHIUM SOUTH DEVELOPMENT CorpMining & ResourcesPre-Seed$847K$513Knetwork1 shared operator · same sector · same stage
American Metal LLCMining & ResourcesPre-Seed$850K$2.4Msame sector · same stage
Silver47 Exploration Corp.Mining & ResourcesPre-Seed$850K$766Ksame sector · same stage
Tombill Mines LtdMining & ResourcesPre-Seed$860K$293Ksame sector · same stage
Sun Metals Corp.Mining & ResourcesPre-Seed$865K$899Ksame sector · same stage
Klondike Gold Corp /FiMining & ResourcesPre-Seed$805K$1.1Msame sector · same stage
Infinitum Copper Corp.Mining & ResourcesPre-Seed$803K$3.3Msame sector · same stage
Essex Minerals Inc.Mining & ResourcesPre-Seed$872K$466Ksame 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
Metalite Resources Inc.OtherPre-Seed$5.6M85%
Trillium Gold Mines Inc.Mining & ResourcesPre-Seed$871K85%
Treasury Metals IncMining & ResourcesPre-Seed$705K85%
CopperCorp Resources Inc.OtherPre-Seed$888K85%
SilverCrest Metals Inc.Mining & ResourcesSeries A$17.5M85%
Ridgeline Minerals CorpMining & ResourcesSeed$2.5M84%
Metal Stacks, LLCMining & ResourcesPre-Seed$756K84%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M84%
Frequently asked
How much funding has Tincorp Metals Inc. raised?
Tincorp Metals Inc. has raised approximately $836K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Tincorp Metals Inc.'s estimated valuation?
Provath's modeled valuation for Tincorp Metals Inc. is approximately $1.0M (modeled range $241K–$3.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tincorp Metals Inc. at?
Tincorp Metals Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu May 23.
What does Tincorp Metals Inc. do and where is it based?
Tincorp Metals Inc. operates in the Mining & Resources sector, based in VANCOUVER.
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