Key Highlights

  • VRX Silica shares traded up 6.67% at $0.032 during the 11 November 2026 trading session.
  • Final regulatory approvals are nearing completion for the commencement of works at Arrowsmith North.
  • Nebari invested A$3.5 million and the Delphi group an additional A$1 million ahead of project financing.

During the Trading session on 11 November 2026, VRX Silica Ltd (ASX:VRX) shares were trading at $0.032 by late morning, up 6.67%. The S&P/ASX 200 (ASX:XJO) was down about 0.06% at 9,123.90 at 12:19 pm over the same period. VRX is developing the Arrowsmith North Silica Sand Project, about 270 kilometres north of Perth. On 29 October 2026, the company announced its September 2026 quarterly activities report.

 

Regulatory Approvals

The company said final regulatory approvals for Arrowsmith North are nearing completion, which would allow works to commence. It described the project as hosting a globally significant deposit of high-quality silica sand, supported by a JORC-compliant Proved and Probable Ore Reserve of 221 million tonnes at 99.5% silicon dioxide.

 

Muchea Land Swap

The company said a land swap proposal at Muchea has been implemented with the grant of a new Mining lease. The change increases the tonnage of high-grade silica sand over an area with lower environmental impact.

 

Funding and Capital Structure

Nebari invested A$3.5 million and the Delphi group an additional A$1 million ahead of project financing for Arrowsmith North. The company’s shares on issue were 984.3 million at the end of the quarter, according to its quarterly report.

 

Arramall Farm Purchase

VRX completed the purchase of the Arramall farm, and preparatory work for the project is under way.

 

Sector Context

Silica sand projects are linked to Demand from the foundry, container glass and flat-glass sectors, with much of the demand from Asia. Developers in this space depend on approvals, financing and offtake before a project can move to construction.

 

Key Risks

The project has not yet started works, and final approvals are still being completed. Project financing has not yet been completed, which means funding remains a key condition for construction. The company’s share count is large, and shares at low prices can be volatile.

 

What to Watch Ahead

Investors will be looking for the completion of final regulatory approvals, the start of works at Arrowsmith North and the outcome of project financing discussions. The company’s next Quarterly Report will show progress on these steps.

 

Final Word

VRX Silica’s trading session on 11 November 2026 came as the company moved closer to starting works at Arrowsmith North. The next approvals and financing steps will set the project’s timetable.