MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX:RGX) (the “Corporation” or “Argex”) is pleased to announce that activities have resumed at its R&D centre in Valleyfield.
Due to the suspension of activities in 2015, renovation work was required and the equipment had to be reconditioned in recent weeks before activities could resume. In the interim, a specialized technical team was recruited. The team will be supported by external experts.
“Given the current state of advancement of Argex’s technology, our goal in the coming months will be to integrate each unit of the process, from ore selection at the entrance to reduction of water consumption, integration of heat sources and improvement of reagent consumption level, in order to optimize and confirm the parameters of the titanium dioxide products (TiO2),” said Carroll Moore, Chief Operating Officer of Argex. “We will benefit from a new team of internal and external engineers, chemists and technicians who will collect ongoing data with a view to commercial production of industrial-grade titanium pigment. We have also introduced internal and external data analysis services that will save us time and money.”
“We plan to refine the Argex technology in order to set a new standard for the titanium industry,” added Mazen Alnaimi, Executive Chairman and Chief Executive Officer of Argex. “Given our experience in marketing and operation of commercial chemical plants, we are aiming for a future 1:2,000-scale demonstration plant design, followed by the construction of a 25,000-tonne commercial unit. This 50% reduction from the earlier design will tangibly reduce the risks associated with scaling.”
About Argex Titanium
Argex Titanium Inc. has developed an advanced chemical process for the volume production of high-grade titanium dioxide (TiO2) for use in high-quality paint, plastics, cosmetics and other TiO2 applications. The Corporation’s unique proprietary process uses relatively inexpensive and plentiful source material from a variety of potential vendors to produce TiO2, along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.
Contact:
Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca
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public://news_release_pdf/rgx08102016e.pdfSource: Argex Titanium Inc. (TSX:RGX)
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