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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.