Promithian Global Ventures
Early Stage
Mine to Market: gold
Overview
Raised: $0
Total Commitments ($USD)
Platform
TruCrowd
Start Date
05/10/2023
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
Price Per Share
$0.50
Pre-Money Valuation
$45,164,607
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/09/2023
Days Remaining
205
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2008
Industry
Energy, Power, & Natural Resources
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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 |
$-619,380 |
$-162,538 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$21 |
$2,470 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,000,021 |
$1,002,470 |
|
Short-Term Debt |
$19,435 |
$5,715 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$19,435 |
$5,715 |
Financials as of: 05/10/2023
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