Companies · Other Technology

Western Magnesium Corp.

MCLEAN · Other Technology

Diligence memoA one-page analyst read on Western Magnesium Corp. — recommendation, valuation, rhythm, risks.
$23.3M
Total raised · real
14
Rounds
1.7×
Latest step-up
Top 16%
Sector rank · raised
Series A
Latest stage · inferred · Fri Mar 03 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Western Magnesium Corp. 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 technology 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 0.06× the median modeled value of Series A Other Technology companies in 2022–2024 (1325 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.3 yr ago; this sector typically re-raises about every 13 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 Other Technology

Western Magnesium Corp. is one of 21292 Other Technology companies tracked from MCLEAN. By capital raised it ranks in the upper tier (ahead of 85% 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
10
Investors (latest)
2023-03-03
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$50M$100M$150M$200MPre-Seed · 2020-01-17 Raised $391K (real) Modeled valuation $17M (est)Pre-Seed2020Pre-Seed · 2020-11-20 Raised $543K (real) Modeled valuation $19M (est)Pre-Seed · 2020-11-20 Raised $543K (real) Modeled valuation $19M (est)Pre-Seed2020Pre-Seed · 2021-01-15 Raised $761K (real) Modeled valuation $24M (est)Pre-Seed · 2021-01-15 Raised $729K (real) Modeled valuation $23M (est)Pre-Seed2021Pre-Seed · 2021-01-15 Raised $761K (real) Modeled valuation $24M (est)Pre-Seed · 2021-01-29 Raised $549K (real) Modeled valuation $17M (est)Pre-Seed2021Pre-Seed · 2021-03-24 Raised $675K (real) Modeled valuation $19M (est)Series A · 2021-05-28 Raised $6.1M (real) Modeled valuation $117M (est)Series A2021Series A · 2021-06-10 Raised $1.5M (real) Modeled valuation $28M (est)Series A · 2021-07-16 Raised $1.7M (real) Modeled valuation $31M (est)Series A2021Series A · 2021-08-11 Raised $3.7M (real) Modeled valuation $65M (est)Series A · 2021-11-26 Raised $1.8M (real) Modeled valuation $28M (est)Series A2021Series A · 2022-04-14 Raised $4.7M (real) Modeled valuation $63M (est)Series A · 2022-05-09 Raised $432K (real) Modeled valuation $5.7M (est)Series A2022Series A · 2022-11-23 Raised $189K (real) Modeled valuation $2.0M (est)Series A · 2023-03-03 Raised $321K (real) Modeled valuation $3.0M (est)Series A2023Cumulative $25M

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$391K · 2020
Pre-Seed extension$543K · 2020
Pre-Seed extension$543K · 2020
Pre-Seed extension$761K · 2021
Pre-Seed extension$729K · 2021
Pre-Seed extension$761K · 2021
Pre-Seed extension$549K · 2021
Pre-Seed extension$675K · 2021
Series A$6.1M · 2021no Seed on file
Series A extension$1.5M · 2021
Series A extension$1.7M · 2021
Series A extension$3.7M · 2021
Series A extension$1.8M · 2021
Series A extension$4.7M · 2022
Series A extension$432K · 2022
Series A extension$189K · 2022
Series A extension$321K · 2023

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$3.0M
Base estimate est.
$429K
Conservative case
$8.9M
Upside case
$1.5M
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 technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $16.6M · 2020-01-172020Pre-Seed · modeled $18.6M · 2020-11-20Pre-Seed · modeled $18.6M · 2020-11-20Pre-Seed · modeled $24.0M · 2021-01-15Pre-Seed · modeled $23.0M · 2021-01-15Pre-Seed · modeled $24.0M · 2021-01-15Pre-Seed · modeled $17.0M · 2021-01-29Pre-Seed · modeled $19.2M · 2021-03-24Series A · modeled $117.1M · 2021-05-28Series A · modeled $28.4M · 2021-06-10Series A · modeled $31.4M · 2021-07-16Series A · modeled $65.0M · 2021-08-11Series A · modeled $28.1M · 2021-11-26Series A · modeled $62.9M · 2022-04-14Series A · modeled $5.7M · 2022-05-09Series A · modeled $2.0M · 2022-11-23Series A · modeled $3.0M · 2023-03-032023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
3.3 yr
Elapsed time used
3.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
2 mo
Avg between rounds
$7.5M/yr
Capital velocity
6.5 yr
On record since
2020
First round
17
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 7.3× above median
This company$23.3M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$321K
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$3.0M
Sector median$37.3M

Raised more than 85% of sector peers (real $). Modeled value above 7% 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 #1287 of 1,325.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Phylum, Inc. · Series A Raised $15.0M · modeled $222.2M (est)Keon Foundation Ltd. · Series A Raised $15.0M · modeled $211.9M (est)Remoteam Inc. · Series A Raised $14.3M · modeled $209.5M (est)MultiSafe, Inc. · Series A Raised $17.3M · modeled $208.6M (est)Careerian Inc. · Series A Raised $20.3M · modeled $203.8M (est)Continu Inc. · Series A Raised $13.5M · modeled $202.4M (est)Devron Corp · Series A Raised $16.8M · modeled $201.5M (est)RISC Zero, Inc. · Series A Raised $14.4M · modeled $199.5M (est)Pentagon Port LLC · Series A Raised $15.0M · modeled $198.7M (est)Amnic Inc. · Series A Raised $14.0M · modeled $198.2M (est)Intensivate Inc · Series A Raised $14.7M · modeled $190.3M (est)Ws Holdco, Pbc · Series A Raised $14.8M · modeled $188.2M (est)Western Magnesium Corp. (this company) Raised $23.3M · modeled $3.0M (est)Western Magnesium Corp.
CompanyStageRaised · realValue · estvs peer med.
Phylum, Inc.Series A$15.0M$222.2M4.42×
Keon Foundation Ltd.Series A$15.0M$211.9M4.22×
Remoteam Inc.Series A$14.3M$209.5M4.17×
MultiSafe, Inc.Series A$17.3M$208.6M4.15×
Careerian Inc.Series A$20.3M$203.8M4.06×
Continu Inc.Series A$13.5M$202.4M4.03×
Devron CorpSeries A$16.8M$201.5M4.01×
RISC Zero, Inc.Series A$14.4M$199.5M3.97×
Pentagon Port LLCSeries A$15.0M$198.7M3.96×
Amnic Inc.Series A$14.0M$198.2M3.95×
Intensivate IncSeries A$14.7M$190.3M3.79×
Ws Holdco, PbcSeries A$14.8M$188.2M3.75×
Western Magnesium Corp. this companySeries A$23.3M$3.0M0.06×
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$391K2020-01-17$2.2M$16.6M90%
Pre-Seed$543K2020-11-20$3.0M$18.6M90%
Pre-Seed$543K2020-11-20$3.0M$18.6M90%
Pre-Seed$761K2021-01-15$4.2M$24.0M90%
Pre-Seed$729K2021-01-15$4.0M$23.0M90%
Pre-Seed$761K2021-01-15$4.2M$24.0M90%
Pre-Seed$549K2021-01-29$3.0M$17.0M90%
Pre-Seed$675K2021-03-24$3.8M$19.2M90%
Series A$6.1M2021-05-28$27.7M$117.1M90%
Series A$1.5M2021-06-10$6.8M$28.4M90%
Series A$1.7M2021-07-16$7.8M$31.4M90%
Series A$3.7M2021-08-11$16.7M$65.0M90%
Series A$1.8M2021-11-26$8.1M$28.1M90%
Series A$4.7M2022-04-14$21.2M$62.9M90%
Series A$432K2022-05-09$2.0M$5.7M90%
Series A$189K2022-11-23$857K$2.0M90%
Series A$321K2023-03-03$1.5M$3.0M90%
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$391K2020-01-17
    • First recorded raise — entered as Pre-Seed.
    • 22 investors on this round.
  2. Pre-Seed$543K2020-11-20
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 16 investors on this round.
  3. Pre-Seed$543K2020-11-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 16 investors on this round.
  4. Pre-Seed$761K2021-01-15
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 35 investors on this round.
  5. Pre-Seed$729K2021-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 35 investors on this round.
  6. Pre-Seed$761K2021-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 35 investors on this round.
  7. Pre-Seed$549K2021-01-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 47 investors on this round.
  8. Pre-Seed$675K2021-03-24
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 25 investors on this round.
  9. Series A$6.1M2021-05-28
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 9.0× larger than the prior — scaling up.
    • 141 investors on this round.
  10. Series A$1.5M2021-06-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.1× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  11. Series A$1.7M2021-07-16
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
  12. Series A$3.7M2021-08-11
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 57 investors on this round.
  13. Series A$1.8M2021-11-26
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 21 investors on this round.
  14. Series A$4.7M2022-04-14
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 1 investor on this round.
  15. Series A$432K2022-05-09
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 10.8× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  16. Series A$189K2022-11-23
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  17. Series A$321K2023-03-03
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~2mo cadence
$546K
Modeled next size est.range $355K$874K
1.7×
Last step-up
$7.5M/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
Robert Brown21 other2020-01
Jeff Wilson6 other2020-01
Jeffrey Wilson5 other2020-11
Edward Lee4 other2020-01
Kim Evans2 other2020-11
Lisa Maxwell1 other2020-01
Michael Pickholz1 other2020-01
Peter O'Rourke1 other2020-11
Alameddine Alameddine2021-05
Andrea Ramsey Chan2022-04
Barrie Fraser2020-01
Frank Halliday2020-01
James Sever2020-01
Jeff Ramsey Wilson2022-04
Karim Alameddine2020-11
Karim Ramsey Alameddine2022-04
Kristina Khersonski2020-01
Michael Ramsey Rutkowski2022-04
Michael Rutkowski2021-11
Paul Ramsey Sauve2022-04
Paul Sauve2020-11
Peter Ramsey O'Rourke2022-04
Rabih Ataya2020-11
Rabih Ramsey Ataya2022-04
Registry & provenance

Western Magnesium 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
1801762
SEC CIK
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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
American Magnesium LLCOtherSeed$57.6M84%
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element worldwide, LLCOther TechnologyPre-Seed$4.7M81%
Gamma Alloys, Inc.Other TechnologySeed$68.1M80%
Matium Inc.Other TechnologySeed$1.4M80%
Andium Inc.Other TechnologySeries B$19.9M80%
Carium, Inc.Other TechnologySeries A$59.2M80%
Alloy Enterprises Inc.Other TechnologySeries B$337.5M80%
Frequently asked
How much funding has Western Magnesium Corp. raised?
Western Magnesium Corp. has raised approximately $23.3M in disclosed capital across 14 recorded financing rounds, aggregated from public filings.
What is Western Magnesium Corp.'s estimated valuation?
Provath's modeled valuation for Western Magnesium Corp. is approximately $3.0M (modeled range $429K–$8.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Western Magnesium Corp. at?
Western Magnesium Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Mar 03.
What does Western Magnesium Corp. do and where is it based?
Western Magnesium Corp. operates in the Other Technology sector, based in MCLEAN.
Explore related

See where Western Magnesium 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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