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VRX Silica Ltd. ( (AU:VRX) ) just unveiled an announcement.
VRX Silica Ltd. has received approval from the Western Australian Department of Mines, Petroleum and Exploration for its Arrowsmith North Silica Sand Project, marking a significant milestone for the company. This approval allows VRX to commence mining operations, pending environmental approval, and positions the project as a major contributor to the foundry and glass markets in Asia. The project is expected to bring long-term economic benefits, including employment and royalties, to Western Australia’s Mid West region and has garnered support from various stakeholders.
More about VRX Silica Ltd.
VRX Silica Ltd. is a company engaged in the silica sand industry, focusing on high-quality silica sand projects in Western Australia. Their primary products serve the foundry and glass markets in Asia. The company is also exploring other silica sand and downstream processing projects in Australia.
Average Trading Volume: 630,704
Technical Sentiment Signal: Hold
Current Market Cap: A$66.51M
Learn more about VRX stock on TipRanks’ Stock Analysis page.