Vulcan Minerals Inc. 2021 Financial Statements
![Vulcan Minerals Inc. 2021 Financial Statements](https://www.minenportal.de/media/goldseiten-news.jpg)
The Company derecognized the net assets of Atlas, thus deconsolidated the financial position to be consolidated with the Company and now accounts for the retained investment in Atlas as an investment using the equity method. That investment is now shown on the December 31 2021 balance sheet as an asset with a value of $42,069,385 compared to a nil asset value for December 31 2020 when accounted for by the consolidated method. The company owns 28,891,000 shares of Atlas. Further information is provided in the financial statements.
About Vulcan
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 and Labrador gold and base metal exploration belts.
We seek safe harbour.
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.
For information please contact:
Patrick J. Laracy, P.Geo.
President
(709) 754-3186
laracy@vulcanminerals.ca
www.vulcanminerals.ca