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VRX Silica Ltd. ( (AU:VRX) ) has issued an update.
VRX Silica Ltd. has received works approval from the Department of Water and Environmental Regulation for its Arrowsmith North Silica Sand Project, following recent environmental and mining approvals. This milestone allows VRX to proceed with the construction and operation of the processing plant, aligning with its commitment to sustainable operations. The Arrowsmith North project, with a significant deposit of high-quality silica sand, is poised to support long-term production for Asian markets, driven by strong demand in the construction and automotive sectors. The project is expected to contribute to Western Australia’s economy through employment and royalties, with first production targeted for the second half of 2026.
More about VRX Silica Ltd.
VRX Silica Ltd. is a company engaged in the silica sand industry, focusing on projects in Western Australia. Its primary products are high-quality silica sand, which is used in foundry, container glass, and flat-glass markets, particularly in Asia. The company is also exploring other silica sand and downstream processing projects in Australia.
Average Trading Volume: 705,869
Technical Sentiment Signal: Buy
Current Market Cap: A$108.4M
Learn more about VRX stock on TipRanks’ Stock Analysis page.