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Vulcan Minerals Inc V.VUL

Alternate Symbol(s):  VULMF

Vulcan Minerals Inc. is a Canada-based precious and base metals exploration company, which is engaged in mineral exploration on properties in Newfoundland and Labrador. Its projects include Colchester, Gander Belt Gold, Red Cross Lake, South Voisey’s Bay, Carbonear and Atlas Salt. The Colchester Copper Gold Project is in north-central Newfoundland. The Gander Belt Gold Project extends approximately 100 kilometers from the north coast of Newfoundland to the south-central part of the island. The Red Cross Lake project is located in central Newfoundland and comprises 102 claims approximately 2,550 hectares. Its South Voisey’s Bay nickel-copper-cobalt project located in Labrador. The Project comprises three licenses containing a total of 30 claims. It also holds an interest in Atlas Salt Inc., which is carrying out a feasibility analysis on its Great Atlantic salt deposit in western Newfoundland, strategically located in the robust road de-icing market of eastern North America.


TSXV:VUL - Post by User

Post by lifegoesonon Aug 30, 2021 4:21pm
201 Views
Post# 33782979

Strongest closing price in a long time.

Strongest closing price in a long time.VUL traded 505,000 shares and closed at $0.27 (but that close was just a 500 share closeout fill), nonetheless, great to see the buyers around on a Monday as people get back from summer vacations and back to work. I have been doing more due diligence on RMK (now Atlas Salt, the new ticker symbol SALT will start trading September 1).  RMK was up strong today trading close to 600,000 shares and closing at $0.92, so I suspect part of the action in VUL has to do with RMK since VUL owns about 28 M shares of RMK. I posted my thoughts on due diligence about RMK on the RMK forum. In a nutshell, go to RMK's web site and look at the information fround under Salt Project. I found it very positive for both companies. It is early days as VUL has $13.5 M cash in the bank and NFLD projects that are about to begin. Sprott invested $2M in VUL.
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