tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

VRX Silica Secures Environmental Approval for Arrowsmith North Project

Story Highlights
  • VRX Silica Ltd. received environmental approval for its Arrowsmith North Silica Sand Project.
  • The project aims to supply silica sand to Asia’s glass and foundry markets by 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
VRX Silica Secures Environmental Approval for Arrowsmith North Project

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An announcement from VRX Silica Ltd. ( (AU:VRX) ) is now available.

VRX Silica Ltd. has received environmental approval from the Western Australian Minister for Environment for its Arrowsmith North Silica Sand Project, marking a significant milestone in the project’s development. This approval allows VRX to proceed with securing additional permits, finalizing infrastructure agreements, and advancing towards production, which is targeted for the second half of 2026. The Arrowsmith North project is poised to become a major supplier of silica sand to the growing glass and foundry markets in Asia, contributing to the establishment of a new export industry in Western Australia’s Mid West region.

More about VRX Silica Ltd.

VRX Silica Ltd. is a company involved in the mining and production of high-quality silica sand, primarily targeting the foundry, container glass, and flat-glass markets in Asia. The company operates several silica sand projects in Western Australia, including Arrowsmith North, Muchea, and Boyatup, and is also exploring geothermal energy opportunities.

Average Trading Volume: 578,667

Technical Sentiment Signal: Buy

Current Market Cap: A$85.94M

Find detailed analytics on VRX stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1