The club was established in 1921 and played for the first time in the 1922–23 season of the Arad Regional Championship, where it managed to occupied the 5th place.

In 1955, with the reopening of the mine in the locality, the football team reappeared, and a stadium was built for them in the Coroești area.

In the 1960–61 season, with Tudor Paraschiva as head coach, the Miners finished 1st in the Valea Jiului Series, losing the promotion play-off with Minerul Deva (1–1 and 0–3 on the green table after the team from Vulcan left the field dissatisfied with the refereeing), the winner of Valea Mureșului Series.

After many years in the regional or county championships, Minerul Vulcan promoted in Divizia C at the end of the 1976–77 season.

With coach Gheorghe Kotormany on the bench and with players like Șarpe, Constantin, Viluț Oltean (goalkeepers), Polgar, Constantin Cătuți, Haiduc, Văduva, Achim, Croitoru, M. Pecsar, Dan Voicu, Justin Stoenescu, Ludovic Ferenczi, Octavian Popescu, Nemeș, Iacov, Zaharia Aruncuțeanu, Traian Moldovan among others, Minerul won Hunedoara County Championship and the promotion play-off against the winner of Arad County Championship, Libertatea Arad (1–2 away and 3–0 at home).