Companies · Mining & Resources

Turmalina Metals Corp.

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

Diligence memoA one-page analyst read on Turmalina Metals Corp. — recommendation, valuation, rhythm, risks.
$189K
Total raised · real
1
Rounds
Latest step-up
Top 90%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Jul 31 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Turmalina Metals Corp. looks fair 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.

Fair
  • Modeled value is 0.88× the median modeled value of Pre-Seed Mining & Resources companies in 2019–2021 (82 peers) — value vs value, same stage and era.
  • Within the normal band (88% of peer median) for its niche.
Dormant
  • Last raise 6.9 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

Turmalina Metals Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks in the long tail (ahead of 11% 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
4
Investors (latest)
2017
Year incorporated
2019-07-31
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$500K$1.0M$1.5M$2.0MPre-Seed · 2019-07-31 Raised $189K (real) Modeled valuation $1.3M (est)$189K$1.3MPre-Seed2019

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$189K · 2019

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

Modeled valuation trajectory
$1.3M
Base estimate est.
$120K
Conservative case
$14.3M
Upside case
$1.1M
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.

Not enough modeled valuation points to chart a trajectory.

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
6.0 yr
Elapsed time used
6.9 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
6.9 yr
On record since
2019
First round
1
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) 0.1× of median
This company$189K
Sector median$2.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.7× of median
This company$189K
Sector median$271K
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$1.3M
Sector median$2.5M

Raised more than 11% of sector peers (real $). Modeled value above 38% 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 #47 of 82.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Kuya Silver Corp. · Pre-Seed Raised $858K · modeled $5.6M (est)Apex Mining, LLC · Pre-Seed Raised $1.0M · modeled $5.6M (est)Metals House Inc. · Pre-Seed Raised $1.0M · modeled $5.5M (est)Contact Gold Corp. · Pre-Seed Raised $810K · modeled $5.4M (est)Frontier Lithium Inc. · Pre-Seed Raised $2.6M · modeled $5.3M (est)Kona Gold Beverage, Inc. · Pre-Seed Raised $1.4M · modeled $5.2M (est)Nevada Canyon Gold Corp. · Pre-Seed Raised $1.4M · modeled $5.0M (est)Magna Gold Corp. · Pre-Seed Raised $1.6M · modeled $5.0M (est)Richmond Minerals Inc. · Pre-Seed Raised $901K · modeled $4.9M (est)US Digital Mining Corp. · Pre-Seed Raised $1.0M · modeled $4.7M (est)Prime Mining Corp. · Pre-Seed Raised $691K · modeled $4.6M (est)Red Metal Resources, Ltd. · Pre-Seed Raised $1.9M · modeled $4.2M (est)Turmalina Metals Corp. (this company) Raised $189K · modeled $1.3M (est)Turmalina Metals Corp.
CompanyStageRaised · realValue · estvs peer med.
Kuya Silver Corp.Pre-Seed$858K$5.6M3.93×
Apex Mining, LLCPre-Seed$1.0M$5.6M3.86×
Metals House Inc.Pre-Seed$1.0M$5.5M3.81×
Contact Gold Corp.Pre-Seed$810K$5.4M3.76×
Frontier Lithium Inc.Pre-Seed$2.6M$5.3M3.66×
Kona Gold Beverage, Inc.Pre-Seed$1.4M$5.2M3.60×
Nevada Canyon Gold Corp.Pre-Seed$1.4M$5.0M3.51×
Magna Gold Corp.Pre-Seed$1.6M$5.0M3.48×
Richmond Minerals Inc.Pre-Seed$901K$4.9M3.44×
US Digital Mining Corp.Pre-Seed$1.0M$4.7M3.24×
Prime Mining Corp.Pre-Seed$691K$4.6M3.21×
Red Metal Resources, Ltd.Pre-Seed$1.9M$4.2M2.94×
Turmalina Metals Corp. this companyPre-Seed$189K$1.3M0.88×
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$189K2019-07-31$1.1M$1.3M90%
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$189K2019-07-31
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
Intelligence
Modeled next raise
$303K
Modeled next size est.range $197K$485K
Last step-up
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
Latika Prasad5 other2019-07
Bryan Slusarchuk4 other2019-07
Jonathan Richards4 other2019-07
Mark Eaton1 other2019-07
Rohan Wolfe1 other2019-07
Francisco Azevedo2019-07
Miguel Inchaustegui2019-07
Registry & provenance

Turmalina Metals 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
1785476
SEC CIK
2017
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
Military Metals Corp.Mining & ResourcesPre-Seed$300K$241Knetwork1 shared operator · same sector · same stage
Lannister Mining Corp.Mining & ResourcesPre-Seed$102K$469Knetwork1 shared operator · same sector · same stage
First Cobalt Corp.Mining & ResourcesPre-Seed$484K$3.2Mnetwork1 shared operator · same sector · same stage
Great Pacific Gold Corp.Mining & ResourcesSeed$3.4M$6.8Mnetwork2 shared operators · same sector
Chakana Copper CorpMining & ResourcesPre-Seed$1.3M$6.1Mnetwork1 shared operator · same sector · same stage
Highway 50 Gold Corp.Mining & ResourcesPre-Seed$186K$623Ksame sector · same stage
American Critical Minerals Corp.Mining & ResourcesPre-Seed$194K$360Ksame sector · same stage
Camino Minerals Corp.Mining & ResourcesPre-Seed$184K$1.2Msame 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
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M82%
Pacifica Silver Corp.Mining & ResourcesSeed$2.8M82%
Rackla Metals Inc.Mining & ResourcesPre-Seed$683K82%
European Energy Metals Corp.Mining & ResourcesPre-Seed$443K82%
Yukon Metals Corp.Mining & ResourcesPre-Seed$1.5M81%
Titan Mining CorpMining & ResourcesPre-Seed$2.5M81%
South Pacific Metals Corp.Mining & ResourcesSeed$5.3M81%
New Pacific Metals CorpMining & ResourcesSeed$3.7M81%
Frequently asked
How much funding has Turmalina Metals Corp. raised?
Turmalina Metals Corp. has raised approximately $189K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Turmalina Metals Corp.'s estimated valuation?
Provath's modeled valuation for Turmalina Metals Corp. is approximately $1.3M (modeled range $120K–$14.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Turmalina Metals Corp. at?
Turmalina Metals Corp.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Jul 31.
What does Turmalina Metals Corp. do and where is it based?
Turmalina Metals Corp. operates in the Mining & Resources sector, based in VANCOUVER.
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