Commencement of Rights Trading
Released
Released
Announcement PDF
ASX Announcement
1 June 2026
Commencement of Rights Trading
ASX Code: VRXR
VRX Silica Limited (VRX or the Company) is pleased to advise
that the rights to the Company’s Renounceable Rights Issue
announced on Wednesday, 27 May 2026 will commence trading
today under the ASX code VRXR.
Under the Rights Issue timetable, rights trading will end on Friday,
12 June 2026.
As the Company is undertaking a Renounceable Rights Issue,
eligible shareholders who do not wish to take up some or all of their
rights can sell them on the ASX during the rights trading period to
other shareholders or third-party investors who may wish to do so.
This structure provides flexibility, allowing shareholders to choose
to take up their rights in full, partially participate, or sell some or all
of their rights on market to realise value.
This announcement has been approved for release by the Board
of Directors.
Further information:
Bruce Maluish Peter Klinger
Managing Director Purple
brucem@vrxsilica.com.au pklinger@purple.au
0418 940 417 0411 251 540
ASX: VRX
Capital Structure
Shares on Issue:
779 million
Options on issue:
43.4 million
Corporate Directory
Paul Boyatzis
Non-Executive Chairman
Bruce Maluish
Managing Director
Tony Swiericzuk
Chief Executive Officer
Peter Pawlowitsch
Non-Executive Director
David Welch
Non-Executive Director
Ian Hobson
Company Secretary
Silica Sand Projects
Arrowsmith Silica Sand
Projects, 270km north of
Perth, WA.
Muchea Silica Sand
Project, 50km north of
Perth, WA.
Boyatup Silica Sand
Project, 100km east of
Esperance, WA.
The Company is actively
assessing other silica sand
and downstream
processing projects in
Australia.
2
About VRX Silica Limited
VRX Silica Limited (ASX: VRX) is the most advanced pureplay silica sand company listed
on the ASX, developing its 100% owned silica sand projects at Arrowsmith (North, Brand
and Central), Muchea and Boyatup in Western Australia.
Silica sand is the most used commodity on the planet after air and water. It is the main
ingredient in foundry casting and in all types of glassmaking, including specialty solar panel
and high-tech glass. It is a finite resource that is running out, with the Asia-Pacific region
experiencing an ever-growing supply shortfall that will drive up prices in the long term.
VRX has significant Resources to underpin very long-life silica sand projects.
Arrowsmith is located 270km
north of Perth. Arrowsmith
North boasts a minimum 25-
year mine life capable of
producing more than 2Mt
tonnes per year of high-grade
(99.7% SiO2)* silica sand for
export to the foundry, container
glass and flat glass markets in
Asia, with permitting well
advanced, and will lead
production.
Muchea, located 50km north of
Perth, is an ultra-high-grade
(99.9% SiO2)* silica sand
project capable of producing
sand required for ultra-clear
glass for solar panels and other
high-tech glass applications.
Boyatup, located 100km east of
Esperance, is under
development and capable of
producing sand for the glass
market.
*Information relating to grades are extracted from releases to ASX on 28 August 2019, 11 November 2022, 6 March
2024 and 27 May 2026 (Arrowsmith North) and 18 October 2019 (Muchea). The company is not aware of any new
information or data that materially affects this information.
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