Vulcan Minerals Inc. – Atlas Salt Delivers Positive Feasibility Study for the Great Atlantic Salt Project

ST. JOHN’S, Newfoundland and Labrador, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL) is pleased to announce that Atlas Salt Inc., an affiliated company, has released the results of a Feasibility Study (FS) and updated Mineral Resource estimate prepared by SLR Consulting (Canada) Ltd. (SLR) on the Great Atlantic Salt Project (Great Atlantic, or the Project), located in western Newfoundland, Canada. The FS represents a significant economic improvement over the Preliminary Economic Assessment (PEA) released by Atlas January 31, 2023. The FS demonstrates robust economics based on 2.5 million tonnes per year (Mtpa) of production over a 34-year mine life with a pre-tax net present value (NPV) at an 8% discount rate of $1.017 Billion (Cdn) and an internal rate of return (IRR) of 23%.

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