Companies · Mining & Resources

Velocity Minerals Ltd.

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

Diligence memoA one-page analyst read on Velocity Minerals Ltd. — recommendation, valuation, rhythm, risks.
$2.3M
Total raised · real
5
Rounds
1.1×
Latest step-up
Top 50%
Sector rank · raised
Seed
Latest stage · inferred · Tue Dec 19 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Velocity Minerals Ltd. looks under-valued 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.

Under-valued
  • Modeled value is 0.14× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.5 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

Velocity Minerals Ltd. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 51% 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
1
Investors (latest)
2023-12-19
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$2.5M$5.0M$7.5M$10MPre-Seed · 2018-10-12 Raised $100K (real) Modeled valuation $668K (est)$100K$668KPre-Seed2018Seed · 2020-02-12 Raised $1.4M (real) Modeled valuation $7.7M (est)$1.4M$7.7MSeed2020Seed · 2023-03-28 Raised $409K (real) Modeled valuation $1.4M (est)$409K$1.4MSeed2023Seed · 2023-05-19 Raised $154K (real) Modeled valuation $502K (est)$154K$502KSeed2023Seed · 2023-12-19 Raised $169K (real) Modeled valuation $498K (est)$169K$498KSeed2023+$1.4M+$409K+$154K+$169KCumulative $2.3M

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$100K · 2018
Seed$1.4M · 2020
Seed extension$409K · 2023
Seed extension$154K · 2023
Seed extension$169K · 2023

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

Modeled valuation trajectory
$498K
Base estimate est.
$145K
Conservative case
$1.5M
Upside case
$846K
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.

Pre-Seed · modeled $668K · 2018-10-122018Seed · modeled $7.7M · 2020-02-12Seed · modeled $1.4M · 2023-03-28Seed · modeled $502K · 2023-05-19Seed · modeled $498K · 2023-12-192023
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
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$436K/yr
Capital velocity
7.7 yr
On record since
2018
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) 1.0× of median
This company$2.3M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$169K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$498K
Sector median$2.5M

Raised more than 51% of sector peers (real $). Modeled value above 16% 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 #60 of 63.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Medusa Mining Ltd · Seed Raised $3.8M · modeled $15.6M (est)HighGold Mining Inc. · Seed Raised $12.5M · modeled $13.2M (est)Modern Mining Technology Corp. · Seed Raised $3.3M · modeled $13.2M (est)Only Gold Development Ltd Liability Co · Seed Raised $3.5M · modeled $12.9M (est)Rex Gold Partners, LLC · Seed Raised $3.5M · modeled $12.7M (est)Cornish Metals Inc. · Seed Raised $3.2M · modeled $12.6M (est)Newport Mining LLC · Seed Raised $3.0M · modeled $11.6M (est)Quartz Lake Mining, Inc · Seed Raised $3.0M · modeled $10.0M (est)Transatlantic Gold, Corp. · Seed Raised $2.5M · modeled $9.5M (est)Military Metal Art HoldCo, LLC · Seed Raised $3.1M · modeled $8.8M (est)Snowline Gold Corp. · Seed Raised $3.1M · modeled $8.5M (est)Northern Vertex Mining Corp. · Seed Raised $2.8M · modeled $7.9M (est)Velocity Minerals Ltd. (this company) Raised $2.3M · modeled $498K (est)Velocity Minerals Ltd.
CompanyStageRaised · realValue · estvs peer med.
Medusa Mining LtdSeed$3.8M$15.6M4.35×
HighGold Mining Inc.Seed$12.5M$13.2M3.69×
Modern Mining Technology Corp.Seed$3.3M$13.2M3.68×
Only Gold Development Ltd Liability CoSeed$3.5M$12.9M3.59×
Rex Gold Partners, LLCSeed$3.5M$12.7M3.55×
Cornish Metals Inc.Seed$3.2M$12.6M3.51×
Newport Mining LLCSeed$3.0M$11.6M3.24×
Quartz Lake Mining, IncSeed$3.0M$10.0M2.79×
Transatlantic Gold, Corp.Seed$2.5M$9.5M2.65×
Military Metal Art HoldCo, LLCSeed$3.1M$8.8M2.45×
Snowline Gold Corp.Seed$3.1M$8.5M2.38×
Northern Vertex Mining Corp.Seed$2.8M$7.9M2.19×
Velocity Minerals Ltd. this companySeed$2.3M$498K0.14×
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$100K2018-10-12$556K$668K90%
Seed$1.4M2020-02-12$7.1M$7.7M90%
Seed$409K2023-03-28$2.0M$1.4M90%
Seed$154K2023-05-19$770K$502K90%
Seed$169K2023-12-19$846K$498K90%
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$100K2018-10-12
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$1.4M2020-02-12
    • Raised again after 16 mo — slower than the ~11 mo sector norm.
    • Round 14.3× larger than the prior — scaling up.
    • 4 investors on this round.
  3. Seed$409K2023-03-28
    • Raised again after 37 mo — slower than the ~11 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Seed$154K2023-05-19
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Seed$169K2023-12-19
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~16mo cadence
$186K
Modeled next size est.range $169K$297K
1.1×
Last step-up
$436K/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
KEITH HENDERSON8 other2018-10
Marla Ritchie8 other2020-02
Blaine Bailey5 other2018-10
MARK CRUISE4 other2018-10
DARREN MORGANS3 other2020-02
Mike Hoffman2 other2023-03
Daniel Marinov1 other2018-10
Gerrie Van Der Westhuizen1 other2023-03
Michelle Roth1 other2023-12
Gordan Doerksen2018-10
Registry & provenance

Velocity Minerals 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
1757164
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
World Copper Ltd.Mining & ResourcesSeed$3.1M$6.1Mnetwork2 shared operators · same sector · same stage
Centenera Mining CorpOtherPre-Seed$680K$15.7Mnetwork3 shared operators
Latin Metals Inc.Mining & ResourcesPre-Seed$2.4M$856Knetwork1 shared operator · same sector
Silver X Mining Corp.Mining & ResourcesSeed$11.2M$4.4Mnetwork1 shared operator · same sector · same stage
Trevali Mining CorpOtherSeries A$16.4M$12.5Mnetwork3 shared operators
Dryden Gold Corp.Mining & ResourcesSeed$2.3M$561Ksame sector · same stage
Marifil Mines LtdMining & ResourcesSeed$2.3M$756Ksame sector · same stage
Blackrock Gold Corp.Mining & ResourcesSeed$2.3M$553Ksame 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
Wealth Minerals Ltd.Mining & ResourcesSeed$2.6M87%
Voyageur Minerals LtdMining & ResourcesPre-Seed$862K85%
Sterling Metals Corp.Mining & ResourcesPre-Seed$723K84%
Ridgeline Minerals CorpMining & ResourcesSeed$2.5M83%
MINERALRITE CorpMining & ResourcesSeries D+$1.1B83%
GRP Minerals CorpMining & ResourcesSeries A$3.9M83%
Paycore Minerals Inc.Mining & ResourcesSeed$7.7M83%
Lucky Minerals Inc.Mining & ResourcesPre-Seed$885K83%
Frequently asked
How much funding has Velocity Minerals Ltd. raised?
Velocity Minerals Ltd. has raised approximately $2.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Velocity Minerals Ltd.'s estimated valuation?
Provath's modeled valuation for Velocity Minerals Ltd. is approximately $498K (modeled range $145K–$1.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Velocity Minerals Ltd. at?
Velocity Minerals Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Dec 19.
What does Velocity Minerals Ltd. do and where is it based?
Velocity Minerals Ltd. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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