Companies · Mining & Resources

Troilus Gold Corp.

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

Diligence memoA one-page analyst read on Troilus Gold Corp. — recommendation, valuation, rhythm, risks.
$7.9M
Total raised · real
4
Rounds
0.5×
Latest step-up
Top 23%
Sector rank · raised
Series A
Latest stage · inferred · Thu May 15 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Troilus Gold Corp. looks under-valued against its niche peers and is quiet 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 0.46× the median modeled value of Series A Mining & Resources companies in 2025–2027 (40 peers) — value vs value, same stage and era.
Quiet
  • Last raise 14 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector 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

Troilus Gold Corp. is one of 701 Mining & Resources companies tracked from Montreal. By capital raised it ranks in the upper tier (ahead of 78% of sector peers), and in the upper tier 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
1
Investors (latest)
2025-05-15
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$20MPre-Seed · 2020-06-23 Raised $637K (real) Modeled valuation $4.3M (est)$637K$4.3MPre-Seed2020Seed · 2024-10-18 Raised $1.1M (real) Modeled valuation $2.7M (est)$1.1M$2.7MSeed2024Series A · 2025-02-06 Raised $4.0M (real) Modeled valuation $11M (est)$4.0M$11MSeries A2025Series A · 2025-05-15 Raised $2.1M (real) Modeled valuation $5.7M (est)$2.1M$5.7MSeries A2025+$1.1M+$4.0M+$2.1MCumulative $7.9M

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$637K · 2020
Seed$1.1M · 2024
Series A$4.0M · 2025
Series A extension$2.1M · 2025

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

Modeled valuation trajectory
$5.7M
Base estimate est.
$2.8M
Conservative case
$10.1M
Upside case
$9.8M
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.

Pre-Seed · modeled $4.3M · 2020-06-232020Seed · modeled $2.7M · 2024-10-18Series A · modeled $11.0M · 2025-02-06Series A · modeled $5.7M · 2025-05-152025
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
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$1.6M/yr
Capital velocity
6.0 yr
On record since
2020
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) 3.4× above median
This company$7.9M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$2.1M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 2.3× above median
This company$5.7M
Sector median$2.5M

Raised more than 78% of sector peers (real $). Modeled value above 70% 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 #29 of 40.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Fortitude Gold Corp · Series A Raised $12.5M · modeled $29.6M (est)San Cristobal Mining Inc. · Series A Raised $17.2M · modeled $28.8M (est)Torngat Metals Ltd · Series A Raised $21.9M · modeled $27.1M (est)Rua Gold Inc. · Series A Raised $16.4M · modeled $25.0M (est)Red Metals, Inc. · Series A Raised $9.6M · modeled $23.7M (est)West Point Gold Corp. · Series A Raised $9.2M · modeled $21.3M (est)McFarlane Lake Mining Ltd · Series A Raised $7.9M · modeled $19.2M (est)Evolution Metals LLC · Series A Raised $7.2M · modeled $19.0M (est)Silverco Mining Ltd. · Series A Raised $7.7M · modeled $19.0M (est)Miedzi Copper Corp. · Series A Raised $10.7M · modeled $19.0M (est)Rise Gold Corp. · Series A Raised $20.9M · modeled $17.0M (est)TDG Gold Corp. · Series A Raised $6.6M · modeled $16.4M (est)Troilus Gold Corp. (this company) Raised $7.9M · modeled $5.7M (est)Troilus Gold Corp.
CompanyStageRaised · realValue · estvs peer med.
Fortitude Gold CorpSeries A$12.5M$29.6M2.41×
San Cristobal Mining Inc.Series A$17.2M$28.8M2.34×
Torngat Metals LtdSeries A$21.9M$27.1M2.20×
Rua Gold Inc.Series A$16.4M$25.0M2.03×
Red Metals, Inc.Series A$9.6M$23.7M1.93×
West Point Gold Corp.Series A$9.2M$21.3M1.73×
McFarlane Lake Mining LtdSeries A$7.9M$19.2M1.56×
Evolution Metals LLCSeries A$7.2M$19.0M1.54×
Silverco Mining Ltd.Series A$7.7M$19.0M1.54×
Miedzi Copper Corp.Series A$10.7M$19.0M1.54×
Rise Gold Corp.Series A$20.9M$17.0M1.38×
TDG Gold Corp.Series A$6.6M$16.4M1.33×
Troilus Gold Corp. this companySeries A$7.9M$5.7M0.46×
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$637K2020-06-23$3.5M$4.3M90%
Seed$1.1M2024-10-18$5.3M$2.7M90%
Series A$4.0M2025-02-06$18.3M$11.0M90%
Series A$2.1M2025-05-15$9.8M$5.7M90%
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$637K2020-06-23
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Seed$1.1M2024-10-18
    • Raised again after 52 mo — slower than the ~11 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Series A$4.0M2025-02-06
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 2 investors on this round.
  4. Series A$2.1M2025-05-15
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~20mo cadence
$2.1M
Modeled next size est.range $2.1M$3.4M
0.5×
Last step-up
$1.6M/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
Brianna Davies4 other2020-06
Catherine Stretch4 other2020-06
Denis Arsenault4 other2020-06
Pierre Pettigrew4 other2020-06
BLAKE HYLANDS3 other2020-06
Paul Pint3 other2020-06
Ian Pritchard2 other2020-06
Jamie Horvat2 other2020-06
Andrew Cheatle1 other2020-06
Chantal Lavoie1 other2024-10
Justin Reid1 other2020-06
Tom Olesinski1 other2020-06
Andy Fortin2025-05
Brigitte Berneche2024-10
Caroline Arsenault2020-06
Chris Sharpe2025-05
Daniel Bergeron2020-06
Denis Rivard2025-05
Diane Lai2020-06
Eric Lamontagne2020-06
Francois Biron2024-10
Jacqueline Leroux2025-05
John Hadjigeorgiou2020-06
Kyle Frank2025-05
Registry & provenance

Troilus 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
1816376
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
Lithium Ionic Corp.Mining & ResourcesSeries A$11.7M$17.1Mnetwork3 shared operators · same sector · same stage
Signal Gold Inc.Mining & ResourcesSeries A$7.7M$1.9Mnetwork1 shared operator · same sector · same stage
Probe Metals Inc.Mining & ResourcesSeries A$18.3M$15.8Mnetwork1 shared operator · same sector · same stage
Aguia Resources Ltd.OtherSeed$2.5M$21.1Mnetwork3 shared operators
Tanzanian Gold CorpMining & ResourcesSeries A$29.3M$57.8Mnetwork1 shared operator · same sector · same stage
Lucky Minerals Inc.Mining & ResourcesPre-Seed$154K$885Knetwork2 shared operators · same sector
Freeman Gold Corp.Mining & ResourcesSeries A$7.9M$845Ksame sector · same stage
Elite Mining Inc.Mining & ResourcesSeries A$8.7M$3.7Msame 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
Omega Gold Corp.Mining & ResourcesPre-Seed$594K87%
TRU Precious Metals Corp.Mining & ResourcesPre-Seed$1.5M86%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M85%
Galleon Gold Corp.Mining & ResourcesPre-Seed$1.1M85%
Magna Gold Corp.Mining & ResourcesPre-Seed$5.0M85%
TDG Gold Corp.Mining & ResourcesSeries A$16.4M85%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M85%
Otis Gold Corp.Mining & ResourcesSeed$2.2M84%
Frequently asked
How much funding has Troilus Gold Corp. raised?
Troilus Gold Corp. has raised approximately $7.9M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Troilus Gold Corp.'s estimated valuation?
Provath's modeled valuation for Troilus Gold Corp. is approximately $5.7M (modeled range $2.8M–$10.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Troilus Gold Corp. at?
Troilus Gold Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu May 15.
What does Troilus Gold Corp. do and where is it based?
Troilus Gold Corp. operates in the Mining & Resources sector, based in Montreal.
Explore related

See where Troilus Gold Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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