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An update from VRX Silica Ltd. ( (AU:VRX) ) is now available.
VRX Silica Ltd. has received key approvals for its Arrowsmith North Silica Sand Project, including environmental and mining proposals, which pave the way for the project’s development. The company has also secured binding offtake contracts with customers in South Korea, Taiwan, and the Philippines, ensuring a significant portion of its production capacity is committed. This project is expected to support a new long-term industry in Western Australia, providing substantial economic benefits and employment opportunities.
More about VRX Silica Ltd.
VRX Silica Ltd. is a company engaged in the silica sand industry, focusing on high-quality silica sand projects. Their primary market focus is on the foundry and glass markets in Asia, with significant projects such as Arrowsmith North, Muchea, and Boyatup located in Western Australia.
Average Trading Volume: 622,433
Technical Sentiment Signal: Buy
Current Market Cap: A$71.99M
Find detailed analytics on VRX stock on TipRanks’ Stock Analysis page.