💰 VRX Silica (ASX:VRX) has secured $4.5 million from two institutional investors as it prepares to break ground at Arrowsmith North.
CEO Tony Swiericzuk explains why US mining financier Nebari invested $3.5 million, alongside a further $1 million from long-term shareholder Sparta, and how the funds will help advance the Western Australian silica sand project.
🔑 Key topics discussed:
💵 Institutional backing: Nebari and Sparta invest a combined $4.5 million
🚧 Early works: Access roads, construction pads, dams, and water bores planned
📍 Strategic land: The proposed purchase of a neighbouring farm
🏗️ Project development: Preparing Arrowsmith North for construction
🏦 Financing: Progressing project finance and engineering work later this year
About the guest and company:
Tony Swiericzuk is CEO of VRX Silica, an Australian development company advancing a portfolio of high-quality silica sand projects in Western Australia. Its flagship Arrowsmith North Silica Sand Project is designed to supply foundry and glassmaking markets across Asia.
🎥 See how institutional backing could help VRX turn its silica plans into site activity.








