VRX Silica’s Arrowsmith North Project Advances with Environmental Approval

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

VRX Silica Ltd. has received confirmation from the Western Australian Minister for Environment that the Environmental Protection Authority’s assessment of its Arrowsmith North Silica Sand Project is adequate, allowing the project to proceed without further assessment. This marks a significant step forward for VRX as it awaits formal approval, with the project poised to deliver substantial economic benefits and employment opportunities to the region. The company has also secured non-binding offtake agreements for the supply of silica sand to major suppliers in South Korea, Japan, and Taiwan, indicating strong market interest and potential for growth.

More about VRX Silica Ltd.

VRX Silica Ltd. operates in the silica sand industry, focusing on the development and supply of silica sand projects in Western Australia. The company owns several silica sand projects, including Arrowsmith North, Muchea, and Boyatup, and is also involved in geothermal energy projects. VRX is actively assessing other silica sand and downstream processing projects in Australia.

Average Trading Volume: 696,707

Technical Sentiment Signal: Buy

Current Market Cap: A$63.52M

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