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VRX Silica Ltd. ( (AU:VRX) ) has provided an announcement.
VRX Silica Ltd. has signed new non-binding offtake term sheets with significant sand importers in South Korea, Japan, and Taiwan for its Arrowsmith North silica sand project. These agreements add 440,000 tonnes of offtake interest per year, bringing the total to 640,000 tonnes, with expectations for further growth. The comprehensive testing confirmed the superior quality of Arrowsmith North silica sand for foundry applications, strengthening VRX’s market position. The completion of permitting is expected by Q1 2025, and VRX is considering project financing options to support its operations and expansion.
More about VRX Silica Ltd.
VRX Silica Ltd. is a company engaged in the silica sand industry, focusing on the production of silica sand products for various applications. The company operates several silica sand projects in Western Australia, including the Arrowsmith North, Muchea, and Boyatup projects, and is also exploring downstream processing projects in Australia.
YTD Price Performance: 22.50%
Average Trading Volume: 824,865
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.44M
See more insights into VRX stock on TipRanks’ Stock Analysis page.
