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The latest update is out from VRX Silica Ltd. ( (AU:VRX) ).
VRX Silica Ltd. has successfully raised $2.1 million from sophisticated and professional investors to support the development of its Arrowsmith North Silica Sand Project. The capital will be used to finalize pre-construction planning and provide flexibility for acquiring long lead plant items, enhancing the company’s operational capabilities and market positioning.
More about VRX Silica Ltd.
VRX Silica Ltd. is a company engaged in the silica sand industry, with primary projects located in Western Australia, including the Arrowsmith, Muchea, and Boyatup Silica Sand Projects. The company is also exploring geothermal energy opportunities and other silica sand and downstream processing projects in Australia.
Average Trading Volume: 552,185
Technical Sentiment Signal: Hold
Current Market Cap: A$65.24M
See more insights into VRX stock on TipRanks’ Stock Analysis page.