Mr. Carroll Moore reports

ARGEX TITANIUM ACHIEVES SIGNIFICANT PROGRESS AT THE LABORATORY

Argex Titanium Inc. has made significant progress at the laboratory in Valleyfield less than 60 days after operations resumed (see press release dated Aug. 10, 2016).

Carroll Moore, chief operating officer of Argex, stated: "We have achieved a substantial reduction in solid and liquid material in the overall process, which will have a positive impact on our capex going forward. We are pleased to see a significant reduction in water in the system through heat integration and changes to the conditions of the leaching process. These improvements should allow equipment size to be reduced, particularly at the leaching and evaporation stages. We also expect to lower the energy consumption of the future commercial plant."

Next steps

Mr. Moore added: "In the next few months, we will perform further optimization tests for the hydrolysis stage and produce enough sample material to operate the heat treatment and finishing stages of the process. The technical team is refining the parameters of the titanium dioxide (TiO2) product at the hydrolysis and heat treatment stages with the objective of obtaining a morphology superior to that of competing products, and proceeding to the finishing treatment. At that point, Argex will have validated all the stages of the technology, including the finishing stages, which were previously handled by external partners."

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