Promithian Global Ventures

Promithian Global Ventures

Early Stage

Mine to Market: gold

Mine to Market: gold

Overview

Raised to Date: Raised: $952

Total Commitments ($USD)

Platform

truCrowd

Start Date

05/09/2023

Close Date

12/31/2023

Min. Goal
$10,000
Max. Goal
$1,250,000
Min. Investment

$50

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$45,164,607

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

12/31/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$4

# of Investors

19

Momentum
Not Funded
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Year Founded

2008

Industry

Energy, Power, & Natural Resources

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Salt Lake City, Utah

Business Type

Life Style

Promithian Global Ventures, with a valuation of $45.2 million, is raising funds on TruCrowd. The company aims to become a fully integrated mill, refiner, and processor of precious metals. The business will construct a toll mill near the Aboso gold mine and split the revenue with the local miner. Promithian Global Ventures will also mine its own property and convert precious metals into alloyed products to be sold to jewelry and industrial sectors. Philip J. Wheelton founded Promithian Global Ventures in February 2008. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.25 million. The campaign proceeds will be used for marketing, purchase of real property, repayment of obligations, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-262,330

$-619,380

Summary Balance Sheet

FY 2022 FY 2021

Cash

$9,441

$21

Accounts Receivable

$0

$0

Total Assets

$1,009,441

$1,000,021

Short-Term Debt

$158,695

$76,620

Long-Term Debt

$0

$0

Total Liabilities

$158,695

$76,620

Financials as of: 05/09/2023
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Add to portfolio
Promithian Global Ventures on TruCrowd 2023
Platform: truCrowd
Security Type: Equity - Common
Valuation: $45,164,607
Price per Share: $0.50

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