ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Feb. 5, 2014) - Vulcan Minerals Inc. ("the Company" - "Vulcan") (TSX VENTURE:VUL) in response to recent unusually high trading volume, reports that there is no material change to the Company's affairs.
The Company is currently completing compilation and evaluation reports on its TL Nickel-Copper-PGM property in Labrador and its uranium property in the Athabasca area of northern Alberta. It continues to review possible project acquisitions. Its subsidiary Red Moon Potash Inc. (TSX-V: RMK) is completing planning and permitting work for a 2014 drilling campaign in Western Newfoundland for potash and salt, contingent on financing.
The Company currently has approximately $3.6 million in cash assets (on a condensed basis) and no debt with 58,526,129 shares outstanding.
Vulcan is a diversified junior exploration company with mineral exploration and petroleum interests in Canada.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors beyond the Company's control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.