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Argex Titanium has recently transitioned from a mining exploration company to a near-term producer of commodities that the world needs: Titanium Dioxide (TiO2), Iron and Vanadium Pentoxide (V2O5). On April 3, 2012, Argex announced the signing of a technology collaboration with PPG Industries, the second largest paint company in the world, to develop and optimize pigment grade TiO2 for paints and coatings. They will combine PPG’s coatings technology and expertise with Argex’s TiO2 proprietary processing technology. The TiO2 is intended to be compatible with various end-use applications for PPG and would be produced by Argex. Argex and PPG have agreed to certain terms of mutual exclusivity during the negotiation period of the purchase and supply agreement. Argex released on June 29, 2011 its 43-101 compliant resource estimate on its La Blache property. On October 26, Argex released the results of its preliminary economic assessment (PEA) which confirms the technological and economic viability of Argex’s proprietary metallurgical process and clears the path towards the next step, the construction of an industrial-sized pilot plant. Additionally, Argex owns 100% of the Mouchalagane property which is a large Labrador Trough iron ore property that represents further potential upside for the Argex shareholders
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