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The latest update is out from VRX Silica Ltd. ( (AU:VRX) ).
VRX Silica Limited announced a proposed issue of 12 million unlisted options, exercisable at $0.15 and expiring on December 31, 2028. This strategic move is expected to enhance the company’s financial flexibility and support its ongoing projects, potentially strengthening its position in the silica sand market.
More about VRX Silica Ltd.
VRX Silica Limited operates in the mining industry, focusing on the exploration and development of silica sand projects. The company is primarily engaged in supplying high-quality silica sand to the global market, which is a critical component in various industrial applications, including glass manufacturing and foundry casting.
Average Trading Volume: 577,924
Technical Sentiment Signal: Hold
Current Market Cap: A$68.24M
For a thorough assessment of VRX stock, go to TipRanks’ Stock Analysis page.