VRX welcomes top 20 strategic European investor :)
VRX Silica Ltd a silica sand project developer, has recently welcomed a new Top 20 investment in the company by a strategic European investor having acquired a 3.5% stake holding.
The new investment follows due diligence inquiries on the company and its Arrowsmith North, Arrowsmith Central and Muchea silica sand projects, north of Perth, Western Australia.
VRX are slowly but surely ticking off all the boxes with potential offtake agreements in the pipeline that could happen any day from now imo
DYOR .. Cheers tela
Today's webinar presentation from Melbourne alluded to big news just around the corner so to speak as thing's being finalised regarding offtake agreements, final EPA approvals etc. with view to being in production by late 2021 (word is that silica sands project funding is all sorted/finalised am told so no cap. raising needed). Don't be surprised if VRX sp shoots up past 0.50c+ soon imo (just saying as some big announcements in the pipeline coming). I've loaded up below 0.30c and ain't selling till 2022.
Good Luck! but take care as with any investment and please DYOR