Vulcan Minerals Inc. (TSX: V.VUL, OTCQB: VULMF, Forum) is a Canadian junior mining company with its operations based in the Province of Newfoundland. Vulcan’s business model is as a project generator and explorer.
The Company was a leading explorer for petroleum in western Newfoundland from 2007 - 2012. It made two unconventional natural gas discoveries which Vulcan subsequently sold to its partner for a royalty and cash payment. Since late 2012 the Company has focused on delineating a salt/potash project in western Newfoundland through its subsidiary Red Moon Potash. Over the last year the company has expanded its mineral activities into precious and base metals in Newfoundland. The Company has already identified and acquired two prospective land packages: the Colchester Copper/Gold Project, and the Lizard Pond Gold Project. Vulcan is planning initial exploration work on both of these properties this Fall.
Concurrent with this, the Company has been developing its Red Moon salt/potash project. In 2012; Vulcan spun-out Red Moon Potash to its shareholders as a new, public company. Vulcan Minerals retains a 65% ownership interest in Red Moon. The salt deposit is of high quality, and has access to existing infrastructure which improves its commercial potential.