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VRX Silica Ltd. ( (AU:VRX) ) just unveiled an announcement.
VRX Silica Ltd. has reported significant progress in obtaining environmental approvals for its Arrowsmith North Silica Sand Project, located north of Perth. The Environmental Protection Authority (EPA) of Western Australia finalized its assessment report, recommending the project’s approval to the Minister for Environment, marking a pivotal advancement in the approval process. This development, coupled with increased offtake interest and recent capital raising, enhances VRX’s positioning in the silica sand industry and provides clearer timelines for stakeholders regarding project implementation and future production capabilities.
More about VRX Silica Ltd.
VRX Silica Ltd. is a company engaged in silica sand projects, with primary operations situated in Western Australia. Their key projects include the Arrowsmith, Muchea, and Boyatup silica sand initiatives, alongside geothermal energy exploration in Dandaragan. The company is actively exploring additional silica sand and downstream processing projects within Australia.
YTD Price Performance: 22.50%
Average Trading Volume: 896,899
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.44M
See more insights into VRX stock on TipRanks’ Stock Analysis page.
