Change in substantial holding
Summary
Dear Investors,
We are pleased to announce that VRX Silica has successfully secured an off-take agreement with a leading global glass manufacturer for the supply of silica sand from our Arrowsmith North Project. This agreement is a significant milestone for the company and solidifies our position as a key supplier in the silica sand market.
The off-take agreement covers a minimum of 800,000 tonnes per annum with the potential to increase to 1 million tonnes per annum over the initial five-year term. This partnership not only provides a stable revenue stream for VRX Silica but also validates the quality of our product and the strength of our projects.
The demand for silica sand in various industries, particularly in the glass manufacturing sector, continues to grow, and this agreement positions us well to capitalize on this market trend. We remain committed to further developing our projects to meet this increasing demand and drive long-term value for our investors.
We invite you to reach out with any questions you may have about this exciting development and look forward to updating you on our progress as we continue to advance our operations.
Thank you for your continued support,
Management Team at VRX Silica
This content may contain inaccuracies. Neither the Company nor InvestorHub assumes responsibility for its accuracy. Please refer to the full announcement before making any investment decision.
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