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VRX Silica Ltd. ( (AU:VRX) ) has issued an update.
VRX Silica Ltd. has announced an update on its environmental approval process for the Arrowsmith North silica sand development proposal. The Environmental Protection Authority of Western Australia has recommended the proposal’s implementation, which is now under appeal by the Conservation Council of WA. This appeal could affect the project’s timeline, but VRX is continuing with parallel approvals and highlights the significant economic and employment benefits the project presents to the region.
More about VRX Silica Ltd.
VRX Silica Ltd. operates in the silica sand industry, focusing on the development and supply of silica sand projects mainly in Western Australia. The company is also exploring downstream processing projects and geothermal energy, positioning itself to supply the growing Asian market with multiple silica sand products.
YTD Price Performance: 6.98%
Average Trading Volume: 942,035
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$34.21M
For detailed information about VRX stock, go to TipRanks’ Stock Analysis page.
