Companies · Mining & Resources

Tri Origin Exploration Ltd.

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

Diligence memoA one-page analyst read on Tri Origin Exploration Ltd. — recommendation, valuation, rhythm, risks.
$1.9M
Total raised · real
5
Rounds
0.5×
Latest step-up
Top 54%
Sector rank · raised
Seed
Latest stage · inferred · Fri Jan 08 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Tri Origin Exploration Ltd. looks under-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.

Under-valued
  • Modeled value is 0.09× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.5 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

Tri Origin Exploration Ltd. is one of 701 Mining & Resources companies tracked from AURORA. By capital raised it ranks mid-pack (ahead of 47% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
4
Investors (latest)
2021-01-08
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$5.0M$10M$15M$20MSeed · 2011-03-17 Raised $1.0M (real) Modeled valuation $5.6M (est)$1.0M$5.6MSeed2011Seed · 2011-03-17 Raised $2.0M (real) Modeled valuation $11M (est)$2.0M$11MSeed2011Seed · 2016-03-22 Raised $198K (real) Modeled valuation $1.1M (est)$198K$1.1MSeed2016Seed · 2016-10-20 Raised $308K (real) Modeled valuation $1.7M (est)$308K$1.7MSeed2016Seed · 2018-04-02 Raised $202K (real) Modeled valuation $1.1M (est)$202K$1.1MSeed2018Seed · 2021-01-08 Raised $106K (real) Modeled valuation $521K (est)$106K$521KSeed2021+$2.0M+$198K+$308K+$202K+$106KCumulative $3.9M

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
Seed$1.0M · 2011
Seed extension$2.0M · 2011
Seed extension$198K · 2016
Seed extension$308K · 2016
Seed extension$202K · 2018
Seed extension$106K · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$521K
Base estimate est.
$91K
Conservative case
$3.5M
Upside case
$531K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Seed · modeled $5.6M · 2011-03-172011Seed · modeled $10.7M · 2011-03-17Seed · modeled $1.1M · 2016-03-22Seed · modeled $1.7M · 2016-10-20Seed · modeled $1.1M · 2018-04-02Seed · modeled $521K · 2021-01-082021
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$189K/yr
Capital velocity
15.3 yr
On record since
2011
First round
6
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) 0.8× of median
This company$1.9M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$106K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$521K
Sector median$2.5M

Raised more than 47% of sector peers (real $). Modeled value above 17% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #47 of 47.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Millennial Silver Corp. · Seed Raised $4.5M · modeled $17.1M (est)Bullfrog Gold Corp. · Seed Raised $11.9M · modeled $16.9M (est)Digital Carpenters Mining LLC · Seed Raised $3.5M · modeled $16.8M (est)Harfang Exploration Inc. · Seed Raised $3.9M · modeled $16.4M (est)GARNEX GOLD Corp · Seed Raised $3.0M · modeled $16.1M (est)Ely Gold Royalties, Inc. · Seed Raised $4.9M · modeled $13.2M (est)Levitated Metals Holdings, LLC · Seed Raised $2.4M · modeled $12.9M (est)StrikePoint Gold Inc. · Seed Raised $2.5M · modeled $12.8M (est)Digital Gold Innovation Technologies Private Ltd · Seed Raised $3.0M · modeled $12.7M (est)Azimut Exploration Inc. · Seed Raised $4.1M · modeled $11.6M (est)Minaurum Gold Inc. · Seed Raised $2.9M · modeled $11.1M (est)American Pacific Mining Corp · Seed Raised $5.2M · modeled $10.1M (est)Tri Origin Exploration Ltd. (this company) Raised $1.9M · modeled $521K (est)Tri Origin Exploration Ltd.
CompanyStageRaised · realValue · estvs peer med.
Millennial Silver Corp.Seed$4.5M$17.1M3.11×
Bullfrog Gold Corp.Seed$11.9M$16.9M3.08×
Digital Carpenters Mining LLCSeed$3.5M$16.8M3.04×
Harfang Exploration Inc.Seed$3.9M$16.4M2.98×
GARNEX GOLD CorpSeed$3.0M$16.1M2.92×
Ely Gold Royalties, Inc.Seed$4.9M$13.2M2.39×
Levitated Metals Holdings, LLCSeed$2.4M$12.9M2.35×
StrikePoint Gold Inc.Seed$2.5M$12.8M2.33×
Digital Gold Innovation Technologies Private LtdSeed$3.0M$12.7M2.31×
Azimut Exploration Inc.Seed$4.1M$11.6M2.10×
Minaurum Gold Inc.Seed$2.9M$11.1M2.02×
American Pacific Mining CorpSeed$5.2M$10.1M1.83×
Tri Origin Exploration Ltd. this companySeed$1.9M$521K0.09×
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.
Seed$1.0M2011-03-17$5.2M$5.6M85%
Seed$2.0M2011-03-17$10.0M$10.7M85%
Seed$198K2016-03-22$992K$1.1M85%
Seed$308K2016-10-20$1.5M$1.7M90%
Seed$202K2018-04-02$1.0M$1.1M90%
Seed$106K2021-01-08$531K$521K90%
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. Seed$1.0M2011-03-17
    • First recorded raise — entered as Seed.
    • 15 investors on this round.
  2. Seed$2.0M2011-03-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 5 investors on this round.
  3. Seed$198K2016-03-22
    • Raised again after 60 mo — slower than the ~11 mo sector norm.
    • Round 10.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  4. Seed$308K2016-10-20
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 7 investors on this round.
  5. Seed$202K2018-04-02
    • Raised again after 17 mo — slower than the ~11 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  6. Seed$106K2021-01-08
    • Raised again after 33 mo — slower than the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~24mo cadence
$106K
Modeled next size est.range $106K$170K
0.5×
Last step-up
$189K/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
Alan J.E. Snowden1 other2011-03
Robert I. Valliant1 other2011-03
Alan G. Galley2016-03
Alexandria I. Marcotte2021-01
Alex G. Vieira2011-03
Andrew I. Thomson2021-01
Brian I. Jennings2021-01
Edward G. Thompson2011-03
Elijah I. Tyshynski2021-01
Jean-Pierre I. Janson2016-03
Jean-Pierre J.E. Janson2011-03
Jerry I. Blackwell2021-01
Jing G. Peng2018-04
Louis G. Nagy2011-03
Louis Robert Nagy2016-03
Mark I. Petersen2021-01
Mark I. Santarossa2021-01
Registry & provenance

Tri Origin Exploration Ltd. 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
1533002
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
Corex Gold CorpMining & ResourcesSeed$1.8M$794Ksame sector · same stage
Good Earth Minerals, LlcMining & ResourcesSeed$1.8M$2.3Msame sector · same stage
Sonora Gold & Silver Corp.Mining & ResourcesSeed$2.0M$2.0Msame sector · same stage
Silver Bay Seafoods-False Pass, LLCMining & ResourcesSeed$1.7M$296Ksame sector · same stage
Royal Mines & Minerals CorpMining & ResourcesSeed$2.0M$644Ksame sector · same stage
Midnight Sun Mining Corp.Mining & ResourcesSeed$1.7M$3.3Msame sector · same stage
Fireweed Zinc Ltd.Mining & ResourcesSeed$1.6M$1.2Msame sector · same stage
Apollo Silver CorpMining & ResourcesSeed$2.1M$359Ksame 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
Trigon Metals Inc.Mining & ResourcesPre-Seed$1.1M83%
Astra Exploration Inc.Mining & ResourcesPre-Seed$782K81%
Trifecta Gold LtdMining & ResourcesPre-Seed$740K81%
Halo Exploration Ltd.Mining & ResourcesSeries A$25.0M80%
Exploration Technologies, Inc./DEMining & ResourcesSeed$4.6M80%
Trillium Gold Mines Inc.Mining & ResourcesPre-Seed$871K80%
Lara Exploration LtdMining & ResourcesSeed$591K80%
Universe Exploration CoMining & ResourcesSeries B$133.8M80%
Frequently asked
How much funding has Tri Origin Exploration Ltd. raised?
Tri Origin Exploration Ltd. has raised approximately $1.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Tri Origin Exploration Ltd.'s estimated valuation?
Provath's modeled valuation for Tri Origin Exploration Ltd. is approximately $521K (modeled range $91K–$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 Tri Origin Exploration Ltd. at?
Tri Origin Exploration Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Jan 08.
What does Tri Origin Exploration Ltd. do and where is it based?
Tri Origin Exploration Ltd. operates in the Mining & Resources sector, based in AURORA.
Explore related

See where Tri Origin Exploration Ltd. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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