Vulcan Minerals (VUL) AI Stock Analysis

• Market Cap: C$32.97M
• Dividend Yield: N/A
• Average Volume (3M): 60.06K
• Price to Earnings (P/E): 117.5
• Beta (1Y): 1.36
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 129,309,270
• 10 Day Avg. Volume: 60,780
• 30 Day Avg. Volume: 60,058
• PEG Ratio: -0.13
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 108.18
• P/FCF Ratio: -31.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$0.26 ▲(45.00% Upside)

The score is held back primarily by weak fundamentals (limited revenue scale, negative operating profitability, and persistent negative operating/free cash flow), despite a low-risk balance sheet. Technicals are supportive due to a clear uptrend, but overbought signals add risk. Valuation is also a headwind with a very high P/E and no dividend yield data.

Positive Factors

Low leverage / balance sheet strength

Near-zero debt materially reduces financial distress risk and gives management flexibility to pursue exploration and development without immediate repayment pressure. A low-leverage profile supports project optionality, preserves access to capital markets, and lowers bankruptcy risk over the medium term.

Stable, sizable equity base

A stable equity base provides a durable capital cushion for ongoing exploration work and claim maintenance. It supports credibility with partners and regulators, helps absorb exploration volatility, and makes structured financing or joint-ventures more practicable without immediate asset sales.

Strategic focus on critical minerals (lithium)

Concentrating on lithium and other critical minerals aligns the company with persistent secular demand from EVs and energy storage. Operating in Canada improves regulatory visibility and access to government/industry programs, enhancing long-term strategic relevance despite current non-production status.

Negative Factors

Very small, flat revenue base

Minimal and non-growing revenue means the company is not yet generating scalable operating cash flows from core activities. This limits reinvestment capacity, heightens reliance on external funding, and makes long-term project advancement dependent on additional capital rather than internal earnings.

Persistent negative operating and free cash flow

Ongoing cash burn indicates the business cannot self-fund exploration or development, forcing recurring financing or dilution. Continued negative FCF constrains strategic choices, increases sponsor dependence, and raises execution risk for multi-year projects without clear funding plans.

Weak core profitability and earnings quality

Negative gross profit and operating losses show core economics are currently unfavorable; the recent positive TTM net income appears driven by non-operating items. This disconnect undermines the sustainability of reported earnings and signals that operational improvements are required for durable profitability.

Vulcan Minerals Business Overview & Revenue Model

Company Description

Vulcan Minerals Inc., a mineral exploration company, engages in acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador. It primarily explores for copper, gold, nickel, cobalt, salt, and gypsum deposits. The company owns interests in the Colchester copper gold project located in north-central Newfoundland; and Red Cross Lake nickel/copper/cobalt/gold project in central Newfoundland. It also holds a 100% interest in mineral licenses covering a portion of the Bay St. George Basin in Western Newfoundland; and the Villa Marie quartzite project located to the west of St. John's, Newfoundland and Labrador. Vulcan Minerals Inc. was incorporated in 1995 and is headquartered in St. John's, Canada.

How the Company Makes Money

Vulcan Minerals makes money through the exploration and development of mineral properties, which can lead to the discovery of economically viable mineral deposits. The company generates revenue by selling or leasing its mineral rights, entering joint ventures or strategic partnerships with other mining companies, and through option agreements that provide upfront payments or royalties. Additionally, Vulcan Minerals may raise funds through equity financing to support its exploration activities. The company's earnings are significantly influenced by the successful discovery and commercialization of its mineral assets, fluctuating commodity prices, and its ability to manage exploration risks effectively.

Vulcan Minerals Financial Statement Overview

Summary

Balance sheet strength (effectively no debt and a solid equity base) is a positive, but it is outweighed by very small/flat revenue, negative core operating profitability, and continued negative operating/free cash flow. The move to positive TTM net income is constructive, yet earnings quality appears weak given ongoing operating losses and cash burn.

Income Statement

TTM (Trailing-Twelve-Months) revenue remains very small and flat versus the prior annual period, and core profitability is weak with negative gross profit and deeply negative operating results (EBIT/EBITDA). While TTM net income turned positive after a large loss in 2024, the disconnect between positive net income and ongoing operating losses suggests earnings quality is not yet supported by the underlying business.

Balance Sheet

The balance sheet is a clear strength: total debt is effectively zero in TTM (Trailing-Twelve-Months) and the company is primarily equity-funded, which limits financial risk. Equity is sizable relative to total assets and has stayed fairly stable across periods, though returns on equity have been low/volatile (negative in 2024, modestly positive in TTM), indicating limited profitability on the capital base.

Cash Flow

Cash generation remains a key weakness: operating cash flow and free cash flow are negative in TTM (Trailing-Twelve-Months) and were also negative in recent annual periods, implying continued cash burn. Free cash flow improved versus 2024, but the company still is not self-funding operations, and cash flow does not yet provide consistent support for reported earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	149.39K	149.39K	0.00	0.00	0.00	0.00
Gross Profit	-7.01K	-9.32K	-6.43K	-5.83K	-5.76K	-6.40K
EBITDA	-864.70K	-486.77K	-446.13K	-1.23M	-1.97M	-398.14K
Net Income	256.82K	-1.49M	-774.88K	-2.76M	34.04M	-352.46K
Balance Sheet
Total Assets	44.41M	45.25M	47.45M	47.73M	49.30M	2.99M
Cash, Cash Equivalents and Short-Term Investments	5.06M	5.62M	6.47M	6.15M	5.45M	1.19M
Total Debt	0.00	0.00	30.00K	30.00K	28.54K	27.15K
Total Liabilities	3.03M	3.32M	3.78M	4.13M	4.19M	304.66K
Stockholders Equity	41.38M	41.92M	43.67M	43.61M	45.11M	2.24M
Cash Flow
Free Cash Flow	-581.25K	-517.62K	-191.28K	-332.58K	-1.49M	-472.49K
Operating Cash Flow	-577.75K	-501.56K	-190.00K	-318.26K	-1.48M	-262.43K
Investing Cash Flow	-4.82M	-1.67M	-2.76M	-275.59K	-9.19M	96.92K
Financing Cash Flow	0.00	27.60K	1.26M	1.29M	14.93M	1.03M

Vulcan Minerals Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VUL, the sentiment is Neutral. The current price of 0.18 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.21, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 52.41 is Neutral, neither overbought nor oversold. The STOCH value of 68.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:VUL.

Vulcan Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VUL	51 Neutral	C$32.97M	117.50	0.62%	―	―	―
EMN	51 Neutral	C$29.27M	-1.15	-277.75%	―	36.37%	21.97%
BEX	50 Neutral	C$24.41M	―	0.18%	―	―	―
NAM	49 Neutral	C$27.80M	-461.11	-2.46%	―	―	56.72%
LIT	45 Neutral	C$20.63M	-1.50	-24.07%	―	―	76.16%

Vulcan Minerals Corporate Events

Vulcan Minerals Expands Colchester Copper-Gold Project with Promising Drilling Results

Vulcan Minerals Inc. has provided an update on its Colchester Copper-Gold project in Central Newfoundland, highlighting the results of recent drilling activities. The drilling program has successfully extended the known mineralization zone by 150 meters to the southwest, with significant copper and gold findings that enhance the project’s potential. This expansion could strengthen Vulcan’s position in the mining sector and offer promising opportunities for stakeholders.