Vulcan Minerals Inc. (VUL) Financings
TSXV: VUL · Gold · Exploration stage
- Market cap$47.4M
- Share price$0.365
- 52-week range$0.145 – $0.520
- Shares outstanding129,902,398
- ExchangeTSXV
- Websitewww.vulcanminerals.ca
Vulcan Minerals is a precious and base metals exploration company based in St. John's, Newfoundland and Labrador. The Company has strategic land positions in multiple active Newfoundland gold and base metal exploration and development belts. It also holds approximately 23.6% of the shares in Atlas Salt Inc. (TSXV:SALT). Atlas Salt is currently developing the Great Atlantic Salt mine in western Newfoundland.
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Vulcan Minerals Inc. financial statements
Key figures read from 41 of 41 financial statement filings, Nov 25, 2016 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$4,504,648 | C$5,620,024 | C$4,453,493 | C$6,148,762 | C$5,449,161 |
| Total current assets | C$4,555,210* | C$5,713,524* | C$6,560,851* | C$6,313,507* | C$5,582,049* |
| Total current liabilities | C$166,526 | C$96,990 | C$196,617 | C$137,981 | C$101,157 |
| Working capital | C$4,388,684 | C$5,616,534 | C$6,364,234 | C$6,175,526 | C$5,480,892 |
| Exploration and evaluation assets | C$2,688,165 | C$2,473,519 | C$2,055,214 | C$1,293,728 | C$999,489 |
| Total assets | C$42,570,396 | C$45,245,867 | C$47,449,826 | C$47,734,500 | C$49,300,105 |
| Debt | — | C$0 | C$30,000 | C$30,000 | C$28,543 |
| Total liabilities | C$2,829,940 | C$3,324,319 | C$3,782,905 | C$4,125,100 | C$4,193,140 |
| Shareholders' equity | C$39,740,456 | C$41,921,548 | C$43,666,921 | C$43,609,400 | C$45,106,965 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | (C$744,346) | (C$581,311) | (C$557,533) | (C$578,979) | (C$1,554,986) |
| Share-based compensation | (C$179,745) | — | C$0 | (C$843,927) | (C$1,121,252) |
| Impairments and write-downs | — | — | — | — | C$0 |
| Net income (loss) | (C$2,573,435) | (C$1,494,725) | (C$774,880) | (C$2,755,252) | C$32,453,983 |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$551,722) | (C$501,566) | (C$189,997) | (C$318,259)* | (C$1,477,312)* |
| Investing cash flow | (C$704,338) | (C$1,668,889) | (C$2,762,772) | (C$275,590)* | (C$9,190,652)* |
| Financing cash flow | C$140,684 | C$27,600 | C$1,257,500 | C$1,293,450* | C$14,926,410* |
| Exploration spending (capitalized) | (C$367,504) | (C$453,154) | (C$786,786) | (C$534,237) | (C$842,346) |
| Change in cash | (C$1,115,376) | (C$2,142,855) | (C$1,695,269) | C$699,601 | C$4,258,446 |
| Cash at end of period | C$4,504,648 | C$5,620,024 | C$4,453,493 | C$6,148,762 | C$5,449,161 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Vulcan Minerals Inc. yet.