The mountain is associated with a small group of related volcanoes called the Garibaldi Lake volcanic field. This forms part of the larger Garibaldi Volcanic Belt, a north-south trending volcanic zone that represents a portion of the Canadian Cascade Arc. Mount Price began its formation 1.2 million years ago and activity continued intermittently until about 12,000 years ago. Although the mountain has not erupted since the early Holocene epoch, it could erupt again, which would potentially pose danger to the nearby populace. If this were to happen, relief efforts would be quickly organized. Teams such as the Interagency Volcanic Event Notification Plan (IVENP) are prepared to notify people threatened by volcanic eruptions in Canada.