BUZZ-Australia's VRX Silica gains most in over 7 weeks on supply deals

Reuters
2025/10/23
BUZZ-Australia's <a href="https://laohu8.com/S/VRXND.AU">VRX Silica</a> gains most in over 7 weeks on supply deals

** Shares of VRX Silica VRX.AX rise as much as 25% to A$0.11, marking their biggest intraday pct gain since September 2

** Stock hits highest since October 9

** Silica sand company secures four binding offtake contracts for the supply of silica sand from its Arrowsmith North silica sand project in Western Australia

** Contracts are for the supply of an aggregate minimum of 410,000 tonnes per annum of silica sand products to suppliers of foundry industries in South Korea, Taiwan, and a glass manufacturing supplier in the Philippines

** YTD, stock has more than doubled in value

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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