Companies · Mining & Resources

Wealth Minerals Ltd.

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

Diligence memoA one-page analyst read on Wealth Minerals Ltd. — recommendation, valuation, rhythm, risks.
$24.2M
Total raised · real
19
Rounds
0.3×
Latest step-up
Top 10%
Sector rank · raised
Seed
Latest stage · inferred · Fri Dec 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Wealth Minerals Ltd. looks fair 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.

Fair
  • Modeled value is 0.72× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
  • Within the normal band (72% of peer median) for its niche.
At-risk
  • Last raise 3.5 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.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Wealth Minerals Ltd. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
14.7 yr record
Peak capital year was 2016 with $8.1M across 5 filings.
Market position
ahead of 91% of Mining & Resources peers
Capital scale is ahead of 91% of Mining & Resources peers; modeled value is above 52% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2016: $8.1M across 5 filings.
  • Largest single filing was $3.1M on 2016-10-26.
  • Filing rows sum to $27.0M, while canonical raised total is $24.2M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Wealth Minerals Ltd. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 91% of sector peers), and mid-pack 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
2
Investors (latest)
2022-12-30
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$13M$25M$38M$50MPre-Seed · 2011-10-25 Raised $147K (real) Modeled valuation $984K (est)Pre-Seed2011Pre-Seed · 2012-03-14 Raised $242K (real) Modeled valuation $1.6M (est)Pre-Seed · 2016-04-14 Raised $687K (real) Modeled valuation $4.6M (est)Pre-Seed2016Pre-Seed · 2016-04-20 Raised $791K (real) Modeled valuation $5.3M (est)Seed · 2016-06-08 Raised $1.6M (real) Modeled valuation $8.5M (est)Seed2016Seed · 2016-09-14 Raised $1.9M (real) Modeled valuation $10M (est)Seed · 2016-10-26 Raised $3.1M (real) Modeled valuation $17M (est)Seed2016Seed · 2017-01-06 Raised $800K (real) Modeled valuation $4.3M (est)Seed · 2017-01-10 Raised $1.4M (real) Modeled valuation $7.5M (est)Seed2017Seed · 2017-06-21 Raised $2.9M (real) Modeled valuation $15M (est)Seed · 2018-05-23 Raised $290K (real) Modeled valuation $1.6M (est)Seed2018Seed · 2018-06-14 Raised $421K (real) Modeled valuation $2.3M (est)Seed · 2019-01-30 Raised $682K (real) Modeled valuation $3.7M (est)Seed2019Pre-Seed · 2019-02-15 Raised $716K (real) Modeled valuation $4.8M (est)Seed · 2019-02-15 Raised $2.2M (real) Modeled valuation $12M (est)Seed2019Seed · 2019-02-15 Raised $1.5M (real) Modeled valuation $7.9M (est)Seed · 2019-08-22 Raised $810K (real) Modeled valuation $4.3M (est)Seed2019Seed · 2020-01-22 Raised $601K (real) Modeled valuation $3.2M (est)Seed · 2020-01-22 Raised $601K (real) Modeled valuation $3.2M (est)Seed2020Seed · 2021-04-30 Raised $2.3M (real) Modeled valuation $11M (est)Seed · 2021-10-22 Raised $2.5M (real) Modeled valuation $11M (est)Seed2021Seed · 2022-12-30 Raised $738K (real) Modeled valuation $2.6M (est)Cumulative $27M

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$147K · 2011
Pre-Seed extension$242K · 2012
Pre-Seed extension$687K · 2016
Pre-Seed extension$791K · 2016
Seed$1.6M · 2016
Seed extension$1.9M · 2016
Seed extension$3.1M · 2016
Seed extension$800K · 2017
Seed extension$1.4M · 2017
Seed extension$2.9M · 2017
Seed extension$290K · 2018
Seed extension$421K · 2018
Seed extension$682K · 2019
Bridge · Seed-stage$716K · 2019smaller follow-on
Seed extension$2.2M · 2019
Seed extension$1.5M · 2019
Seed extension$810K · 2019
Seed extension$601K · 2020
Seed extension$601K · 2020
Seed extension$2.3M · 2021
Seed extension$2.5M · 2021
Seed extension$738K · 2022

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

Modeled valuation trajectory
$2.6M
Base estimate est.
$631K
Conservative case
$10.3M
Upside case
$3.7M
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 $984K · 2011-10-252011Pre-Seed · modeled $1.6M · 2012-03-14Pre-Seed · modeled $4.6M · 2016-04-14Pre-Seed · modeled $5.3M · 2016-04-20Seed · modeled $8.5M · 2016-06-08Seed · modeled $10.4M · 2016-09-14Seed · modeled $16.8M · 2016-10-26Seed · modeled $4.3M · 2017-01-06Seed · modeled $7.5M · 2017-01-10Seed · modeled $15.4M · 2017-06-21Seed · modeled $1.6M · 2018-05-23Seed · modeled $2.3M · 2018-06-14Seed · modeled $3.7M · 2019-01-30Pre-Seed · modeled $4.8M · 2019-02-15Seed · modeled $11.7M · 2019-02-15Seed · modeled $7.9M · 2019-02-15Seed · modeled $4.3M · 2019-08-22Seed · modeled $3.2M · 2020-01-22Seed · modeled $3.2M · 2020-01-22Seed · modeled $10.7M · 2021-04-30Seed · modeled $10.9M · 2021-10-22Seed · modeled $2.6M · 2022-12-302022
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
3.5 yr
Elapsed time used
3.5 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$2.2M/yr
Capital velocity
14.7 yr
On record since
2011
First round
22
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) 11× above median
This company$24.2M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.7× of median
This company$738K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.0× above median
This company$2.6M
Sector median$2.5M

Raised more than 91% of sector peers (real $). Modeled value above 52% 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 #40 of 63.

This companyCohort peer
$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)Wealth Minerals Ltd. (this company) Raised $24.2M · modeled $2.6M (est)Wealth 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×
Wealth Minerals Ltd. this companySeed$24.2M$2.6M0.72×
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$147K2011-10-25$819K$984K85%
Pre-Seed$242K2012-03-14$1.3M$1.6M85%
Pre-Seed$687K2016-04-14$3.8M$4.6M85%
Pre-Seed$791K2016-04-20$4.4M$5.3M90%
Seed$1.6M2016-06-08$7.9M$8.5M90%
Seed$1.9M2016-09-14$9.7M$10.4M90%
Seed$3.1M2016-10-26$15.7M$16.8M90%
Seed$800K2017-01-06$4.0M$4.3M90%
Seed$1.4M2017-01-10$7.0M$7.5M90%
Seed$2.9M2017-06-21$14.4M$15.4M90%
Seed$290K2018-05-23$1.5M$1.6M90%
Seed$421K2018-06-14$2.1M$2.3M90%
Seed$682K2019-01-30$3.4M$3.7M90%
Pre-Seed$716K2019-02-15$4.0M$4.8M90%
Seed$2.2M2019-02-15$10.9M$11.7M90%
Seed$1.5M2019-02-15$7.3M$7.9M90%
Seed$810K2019-08-22$4.1M$4.3M90%
Seed$601K2020-01-22$3.0M$3.2M90%
Seed$601K2020-01-22$3.0M$3.2M90%
Seed$2.3M2021-04-30$11.5M$10.7M90%
Seed$2.5M2021-10-22$12.7M$10.9M90%
Seed$738K2022-12-30$3.7M$2.6M90%
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$147K2011-10-25
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$242K2012-03-14
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Pre-Seed$687K2016-04-14
    • Raised again after 49 mo — slower than the ~11 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 12 investors on this round.
  4. Pre-Seed$791K2016-04-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  5. Seed$1.6M2016-06-08
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 2 investors on this round.
  6. Seed$1.9M2016-09-14
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  7. Seed$3.1M2016-10-26
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 3 investors on this round.
  8. Seed$800K2017-01-06
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Seed$1.4M2017-01-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 4 investors on this round.
  10. Seed$2.9M2017-06-21
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 3 investors on this round.
  11. Seed$290K2018-05-23
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 9.9× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  12. Seed$421K2018-06-14
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 1 investor on this round.
  13. Seed$682K2019-01-30
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 2 investors on this round.
  14. Pre-Seed$716K2019-02-15
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  15. Seed$2.2M2019-02-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.1× larger than the prior — scaling up.
    • 3 investors on this round.
  16. Seed$1.5M2019-02-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  17. Seed$810K2019-08-22
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  18. Seed$601K2020-01-22
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  19. Seed$601K2020-01-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  20. Seed$2.3M2021-04-30
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 7 investors on this round.
  21. Seed$2.5M2021-10-22
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  22. Seed$738K2022-12-30
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~6mo cadence
$738K
Modeled next size est.range $738K$1.2M
0.3×
Last step-up
$2.2M/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
Paul Matysek9 other2011-10
Gordon Neal8 other2017-01
Marla Ritchie8 other2011-10
Leonard Harris6 other2016-04
David Cross5 other2011-10
Hendrik Van Alphen5 other2012-03
Henk Van Alphen5 other2019-08
Marla K. Ritchie4 other2018-05
Sead Hamzagic2 other2019-08
James Dawson1 other2011-10
Jeffrey Pontius1 other2012-03
Scott Heffernan1 other2011-10
Timothy McCutcheon1 other2017-01
Cesar A. Jil2022-12
David A. Lies2022-12
DAVID K. CROSS2018-05
David Lies2019-08
GORDON K. NEAL2018-05
HENDRIK (Henk) VAN ALPHEN2016-04
Herk Van Alphen2011-10
JAMES M. DAWSON2016-04
LAWRENCE M. TALBOT2016-04
Lawrence Talbot2011-10
LEONARD M. HARRIS2016-04
Registry & provenance

Wealth 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
1077640
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.

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Velocity Minerals Ltd.Mining & ResourcesSeed$2.3M$498Knetwork1 shared operator · same sector · same stage
Karus Mining Inc.Mining & ResourcesSeed$2.2M$4.5Mnetwork1 shared operator · same 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
Lucky Minerals Inc.Mining & ResourcesPre-Seed$885K89%
Royal Mines & Minerals CorpMining & ResourcesSeed$644K88%
Velocity Minerals Ltd.Mining & ResourcesSeed$498K87%
Orex Minerals IncMining & ResourcesSeed$1.6M87%
Metallic Minerals Corp.Mining & ResourcesSeed$7.5M86%
Sterling Metals Corp.Mining & ResourcesPre-Seed$723K86%
Ocean Minerals, LLCMining & ResourcesSeries A$21.9M86%
I-Minerals IncMining & ResourcesSeed$577K85%
Frequently asked
How much funding has Wealth Minerals Ltd. raised?
Wealth Minerals Ltd. has raised approximately $24.2M in disclosed capital across 19 recorded financing rounds, aggregated from public filings.
What is Wealth Minerals Ltd.'s estimated valuation?
Provath's modeled valuation for Wealth Minerals Ltd. is approximately $2.6M (modeled range $631K–$10.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Wealth Minerals Ltd. at?
Wealth Minerals Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Dec 30.
What does Wealth Minerals Ltd. do and where is it based?
Wealth Minerals Ltd. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

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