VRX Silica is likely to receive a determination in due course from new state environment minister Matthew Swinbourn in relation to its Arrowsmith North silica sand development proposal.
VRX Silica has booked a series of non-binding offtake term sheets in relation to the supply of silica sand foundry products from its Arrowsmith North project.
West Perth-based VRX Silica appears to be within touching distance of securing development approval for its Arrowsmith North silica sands project, located 270km north of Perth.
VRX Silica has finalised a comprehensive top-down review of its organisation and elected to implement a series of cost-saving initiatives, effective immediately.
Shares in VRX Silica fell early on Wednesday, following news that the company will raise $3.14 million to further project activities across its vast Western Australian portfolio.
Shares in VRX Silica have surged to 16 cents today, a rise of 33 per cent, after it entered into a strategic alliance with China Southern Glass related to its Muchea silica sand project.
