VRX Silica Ltd. ( (AU:VRX) ) has provided an announcement.
VRX Silica Ltd. has provided an update on the environmental approval process for its Arrowsmith North silica sand development proposal. The Environmental Protection Authority of Western Australia recommended the proposal’s implementation, subject to conditions. After an appeal was lodged, the Office of the Appeals Convenor completed its investigation and submitted a report to the Minister for Environment, who is expected to make a determination soon. The project promises significant economic benefits, including employment and royalties, and has garnered support from various stakeholders, positioning it as a potential long-term industry for Western Australia.
More about VRX Silica Ltd.
VRX Silica Ltd. is involved in silica sand projects in Western Australia, with key projects including Arrowsmith, Muchea, and Boyatup. The company is also exploring geothermal energy opportunities and assessing additional silica sand and downstream processing projects in Australia.
YTD Price Performance: 2.33%
Average Trading Volume: 523,289
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$32.88M
Learn more about VRX stock on TipRanks’ Stock Analysis page.