Quarterly Activities/Appendix 5B Cash Flow Report

VRX Silica Limited is pleased to present the highlights from our March 2026 Quarterly Activities Report. During this quarter, we made significant progress towards securing environmental and mining approvals for our projects, with relocation engineering for our processing plant at Arramall now completed. Updates to our capex and opex are near finalization, and our new CEO, Tony Swiericzuk, has commenced in his role.

Our flagship project, Arrowsmith North Silica Sand Project, holds a globally significant deposit of high-quality silica sand with the potential for long-term production into various markets. The project is supported by key stakeholders and economic studies demonstrate robust project metrics. Amendments to regulatory approvals for the relocation to Arramall are underway, with the process expected to be completed in the next quarter.

We have completed detailed engineering for the relocation of our processing plant and updated our capex assessment. These updates will be released to the market in early May 2026. Additionally, progress on fixed income debt financing opportunities and mining/logistics contracts for Arrowsmith North continues.

The silica sand market continues to exhibit strong growth globally, with demand rising in multiple sectors. VRX Silica remains well-positioned to meet this demand with our high-grade silica sand projects. We invite our investors to reach out with any questions they may have regarding this announcement.