Diligence memo · auto-generated · as of July 2, 2026
TriStar Gold Inc.
TriStar Gold Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
TriStar Gold Inc. operates in Mining & Resources, based in SCOTTSDALE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TriStar Gold Inc. has raised $15M in disclosed capital across 13 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.0M on 2022-04-14.
Most recent recorded round closed around 2025-05-29.
Valuation (modeled)modeled
Provath models TriStar Gold Inc. at approximately $4.1M (range $1.5M–$8.5M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.48× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era. Within the normal band (148% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 13 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 3.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 87% of Mining & Resources peers (701 compared).
Modeled value ranks above 62% of those peers.
Closest niche peers: Blue Gold Ltd, Sierra Madre Gold & Silver Ltd., Metal Powder Works Ltd, Western Exploration Inc., Mayfair Gold Corp..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.