Argex Titanium Announces Private Placement



 

Not for distribution to United States newswire services or for dissemination in the United States



Montréal, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange for a private placement of a maximum of 20,000,000 “hard-dollar” units (“HD Units”) and a maximum of 10,000,000 “flow-through” units (“FT Units”) at a price of $0.05 per unit, for maximum gross proceeds to Argex of $1.5 million. Argex expects that a first closing of the private placement will take place on or about December 15, 2017.

 

Each of the HD Units will be comprised of one common share and one common share purchase warrant while each of the FT Units will be comprised of one “flow-through” common share and one-half common share purchase warrant.  Each full warrant will entitle its holder to acquire one additional Argex common share at a price of $0.06 for a period of 24 months.

 

Argex will use the proceeds from the sale of the FT Units for exploration on its Lac Brûlé iron-titanium (Fe-Ti) property in Québec and the net proceeds from the sale of the HD Units for working capital.

 

The units are being offered to “accredited investors” in some or all of the provinces of Canada and in other jurisdictions, if any, determined by Argex.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States.  Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

 

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.

 

Forward-Looking Statements

 

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including closing of the private placement referred to above, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

 

Contact:

Mazen Alnaimi

Chairman and Chief Executive Officer | Argex Titanium Inc.

info@argex.ca

 

Gladys Caron

Corporate Communications and Investor Relations | Argex Titanium Inc.

Gladys.caron@argex.ca



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Argex12132017.pdf


Argex Titanium Invited to Present at the First TiO2 Summit in China


MONTREAL, Québec  (FSCwire) - Argex Titanium inc (TSX: RGX) (“Argex” or “the Corporation”) is pleased to announce that Mr. Mazen Alnaimi, Chairman and CEO of the Corporation, has been invited to present at China’s First Summit Forum on the Titanium Industry, which will take place from December 10 to 12, 2017 in Kunming, in the Yunnan Province, in China.

 

This summit is co-hosted by the Titanium Pigment Association, the China Paint Association, the Yunnan Titanium Association and the Panzhihua Vanadium & Titanium Trade Center and aims at marking the 60th anniversary of China’s Titanium industry.

 

“We are grateful to have been invited, stated Mazen Alnaimi.  This is another validation of the increasing interest for our TiOtechnology from the industry. Such events are great opportunities to demonstrates how Argex positions itself and to develop business relationships with various stakeholders.”

 

Argex’s participation at the TiOWorld Summit in October 2017 was very successful. It was the occasion to reintroduce Argex to the many producers, distributors and industry specialists. It also demonstrated how products like Argex’s TiO2 raises interest, especially in the context of the consolidation of TiOproducers, and recent TiO2 price increases.

 

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:

 

Mazen Alnaimi

Chairman and Chief Executive Officer | Argex Titanium Inc.

info@argex.ca

 

Gladys Caron

Corporate Communications and Investor Relations | Argex Titanium Inc.

Gladys.caron@argex.ca



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Argex12112017.pdf

Source: Argex Titanium Inc. (TSX:RGX)

 



Final Validation of Argex Titanium's Ti02 For Commercial Optical Properties Tests

MONTREAL, Québec (FSCwire) - Argex is pleased to announce that the Corporation has crossed a final important milestone in the recognition of its Ti02 finished product performance. Following its October 16, 2017 announcement detailing that its Ti02 pigments were meeting the industry standards’ physical specifications related to composition, size distribution, and morphology, Argex announced today that its product has been validated for commercial optical properties tests. EMCO Inortech Inc., an external specialized laboratory, evaluated the Argex product in several paint formulations and the results indicate that its optical properties perform as well or better than standard products accepted by numerous paint producers in the industry.

 

Three optical properties of this paint test were achieved simultaneously on Argex’s Ti02:

 

  • Dispersion - our product mixes well in several paint types and is a function of its size distribution; large particles do not disperse but settle to the bottom of the paint;
  • Masking - the product used in a standard formulation must mask a black background comparable to a standard reference;
  • Tint strength - the paint sample with the standard recipe for TiO2 content must pass a comparison against paint with the sample TiO2content of a known commercial material.

 

“These results prove that the Argex technology successfully produces finished TiO2 for paint and coating applications worldwide. With this in hand, paint producers get the certainty that Argex’s product is reliable and can be considered as a solid newcomer in the industry. The confirmation by this external laboratory will facilitate and accelerate discussions with potential clients in order to get their own specific approval” said Mazen Alnaimi, Chairman and CEO of Argex Titanium.

 

A conference call will be held to discuss these results and provide an overview of Argex at 1:30 pm ET on Monday November 27. The dial-in to participate is 1(800) 747-5150 and the participant code is 973 6600. A corporate presentation will be posted prior to the call on the Argex web site at www.argex.ca and on 8020Connect.com at https://www.8020connect.com/groups/argex-titanium-inc

 

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.

 

About EMCO INORTECH

 

EMCO INORTECH, a subsidiary of EMCO Chemical Distributors, Inc., based in Wisconsin, United States, is a Canadian- based company specialized in the promotion & development of advanced performance materials in coatings, adhesives inks, sealants and elastomers.

 

Forward-Looking Statements

 

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com ; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

 

Contact:

Mazen Alnaimi

Chairman and Chief Executive Officer | Argex Titanium Inc.

info@argex.ca

 

Gladys Caron

Corporate Communications and Investor Relations | Argex Titanium Inc.

Gladys.caron@argex.ca



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ArgexNov272017.pdf

Source: Argex Titanium Inc. (TSX:RGX)

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Argex Titanium Product Completion

MONTREAL, Québec (FSCwire) - MONTREAL, Québec – October 16, 2017 - Argex Titanium Inc. (TSX: RGX) ("Argex" or "the Corporation") is pleased to announce the completion of its tests on its pigment grade titanium dioxide product (TiO2). The analyses were made in comparison with three of the major competitive commercial products in the market and our TiO2 pigment meets or exceeds the standards of all of these in various tests required for commercial use.

External labs were validating the Argex results throughout the period.

The Company will now focus on producing samples for clients, on average one to two kg of finished product per week, creating an inventory to be available for potential users. Management of Argex met with the top potential clients at the TiO2 World Summit last week and generated a lot of interest for its product.

The process used to produce Argex TiO2 is the basis for engineering of a commercial plant which will replicate the quality of the samples tested in comparison with other major suppliers in the market.

Engineering work on the planned Technology Center will support the process technology in commercial licensing arrangements and is expected to be completed by the end of 2017, with project activity to commence at the beginning of the New Year, pending financing.

Argex is in advanced discussions with a Federal governmental agency specialized in supporting technological innovation to participate in the financing of the Technology Center.

“Regarding the Argex process, all five islands have been mass balanced on multiple ore sources. Solvent Extraction has been continuously operated for steady state performance in 24 hour-periods, and hydrolysis has been repeated more than 150 times. Calcination and drying have been repeatedly conducted at production process conditions, grinding produces the proper size range, and finishing is done with a reactor identical to that used by paint producers in their laboratories. Product quality has been verified by repeated analytical techniques on multiple samples”, said Carroll Moore, COO of Argex Titanium.

“The development works and collaboration with external parties to achieve these milestones have been extensive, and we are gratified that we have proven the commercial application of the Argex process, the product quality being exactly comparable to the best available in the market today”, said Mazen Alnaimi, Chairman and CEO of Argex Titanium. “With this data base of results, there is no doubt in my mind that a commercial process design can be established which will replicate the process developed in pilot scale at Valleyfield”, he added.

Mr. James P. Berresse has resigned as a director of the Company. Argex thanks Mr. Berresse for his valued contribution as a director. Argex’s Governance, Nominating and Compensation Committee will commence a search to fill the vacancy on the Board of Directors.

 

Multiple Tests achievements

Every test comparison that was run in the pilot plant over the last twelve months was based on product specifications of two of the top six pigment producers.  Every comparison for size distribution and oil dispersion has been run against one or both of these materials.

Standard specifications include composition, color, TiO2 content, oil dispersion, Loss on Ignition (LOI) on final product, and comparative morphology by Scanning Electron Microscope (SEM).

Argex has run American Society for Testing and Materials (ASTM) standard methods on its product for applicable methods for dry pigment analysis.

We have compared the morphology of our product against three of the top six commercial products in SEM up to 100,000 magnifications. Such magnification is important because each particle can be visualized individually and evaluated on its characteristics, such as shape, sintering and de-agglomeration. Our product is equivalent to three of the top six commercial products in SEM comparisons.

We have run our product in XRF and XRD at McGill University for composition and this analysis has been validated in collaborator’s laboratories. This provides impurity measurements and degree of crystallization to evaluate remaining anatase content. The conclusion is that our product is 100% rutile. 

 

Our product in oil dispersion is comparable and somewhat higher to two commercial products.

On white color, our product consistently measures higher than two commercial products in intensity, blue and yellow tint character, and is similar or higher in gloss.

Depending on coating composition, our product is 92.5 to 95.0 wt% TiO2 which is within specification range. Commercial products on the market advertise a similar range of composition depending on application.

On Transmission Electron Microscopy tests (TEM), we show a coating depth of 3-6 nm and the specified level is nominally 5 nm which would be uniform on a perfectly spherical particle.

Our final product size range is smaller than two other commercial products. Our mean size after milling is between 210-230 nm which is the perfect range for masking in a paint formulation.

Our product meets or exceeds the quality of the major competitive products in the market. Paint testing is a secondary issue with respect to product quality and is a subjective test run by paint industry users. With this degree of analytical background on our product there is no technical reason the material would not pass a standard paint test and this will be verified in more than one lab in the next few weeks. 

 

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.

 

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including additional closings of the private placement referred to above, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

 

Contact:

Mazen Alnaimi
Chairman and Chief Executive Officer
Argex Titanium Inc.
info@argex.ca

 

Gladys Caron
Corporate Communications and Investor Relations
Argex Titanium Inc.
Gladys.caron@argex.ca

 

 



ARGEX TITANIUM HOLDS CLOSING OF PRIVATE PLACEMENT

 

Not for distribution to United States newswire services or for dissemination in the United States

MONTREAL, Québec – August 22, 2017 – Argex Titanium Inc. (TSX: RGX) (“Argex”) is pleased to announce that it has held a closing of its previously-announced private placement at which it issued an aggregate of 10,208,333 units to arm’s-length “accredited investors” at a price of $0.06 per unit, for gross proceeds to Argex of $612,500. 

Each of the units is comprised of one common share and one-half of a common share purchase warrant; each full warrant entitles its holder to acquire one additional Argex common share at a price of $0.13 for a period of 24 months.  In the event that the closing price of Argex’s common shares on the Toronto Stock Exchange is at least $0.15 for a period of not less than 20 consecutive trading days, the warrants will expire, at the sole discretion of Argex, on the 30th day after the date on which Argex sends a notice in prescribed form to the holders of the warrants.

The securities issued at the closing are subject to a four-month “hold period” under applicable securities regulations.

Argex will use the net proceeds from the private placement to continue the Front-End Loading-2 (FEL-2) engineering and the technology package for its titanium dioxide (TiO2) project.  “Argex’s Management will continue to diligently work on all relevant financial strategies to allow Argex to reach its full potential.  We truly believe that our goals to become a low-cost producer of TiO2 pigments and a preferred technology provider to TiO2 producers will be achieved”, stated Mazen Alnaimi, Argex’s Chairman and CEO.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States.  Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

 

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.

 

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including additional closings of the private placement referred to above, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Contact:

Mazen Alnaimi

Chairman and Chief Executive Officer

Argex Titanium Inc.

info@argex.ca

 

Gladys Caron

Corporate Communications and Investor Relations

Argex Titanium Inc.

Gladys.caron@argex.ca



Wednesday, August 09, 2017 - 8:20 AM EDT

Argex Titanium Updates on Milestone Achievements

MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex” or “the Corporation”) is pleased to provide an update on significant achievements at the Valleyfield laboratory, as well as on the basic and detail engineering for its planned Titanium Dioxide (TiO2) Technology Center and commercial plant.

At its Valleyfield laboratory, Argex has completed the last finishing step of its process by concluding final validation runs, which fixes the flowsheet for the whole process. The database required for commercial plant design is also complete. We have provided product samples to offtakers for certification testing, and are very confident that our product meets or exceeds industry standards.

Basic engineering for the construction of the Technology Center and the commercial plant is now 60% complete, and process simulations will be finished in August. CFD (computational fluid dynamics) work is underway at McGill University and leach system design will be completed shortly. The modern computing methods being used are well accepted in the industry, are less costly than semi-finished workings and accelerate the commercial plant design process 

In addition to working with SCN-Lavalin and WSP on various engineering projects, Argex has retained the services of Thibault & Associates Inc., an independent engineering firm specialised in chemical processes, to validate the engineering work being done by Argex for its commercial plant design. Thibault & Associates will review the work and assist with incorporation into the final plant design. The review will cover all aspects of reaction chemistry, equipment configuration, and OPEX (plant operating cost) and CAPEX (capital investment) estimates, thus providing a thorough third-party review of the final basic engineering package.

Preliminary PIDs (piping and instrumentation diagrams) are ready and the detailed equipment design for the commercial plant should commence soon. The instrumentation architecture has been completed and we are now working on field instruments and control mechanisms. Argex has arranged for external equipment vendors to test the hardware that will be supplied by the vendors with performance guarantees for the commercial facility.

The Corporation is also in discussions with property owners for a plant site for both the Technology Center and the commercial facility in Quebec. The location will be announced as soon as the contracts have been signed.

Finally, meetings have been held with the Quebec government’s environmental divisions for permitting of both the Technology Center and the commercial plant. The required documents are currently being prepared for submission to the relevant authorities.

 

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.

To stay informed on Argex Titanium, please join our Investor Group at 8020 Connect for all upcoming news releases, articles, comments and questions at www.8020connect.com/groups/argex-titanium-inc.

 

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including additional closings of the private placement referred to above, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Contact:

Mazen Alnaimi
Chairman and Chief Executive Officer | Argex Titanium Inc.
info@argex.ca

Gladys Caron
Corporate Communications and Investor Relations | Argex Titanium Inc.
Gladys.caron@argex.ca

To view this press release as a PDF file, click onto the following link:

public://news_release_pdf/ArgexAug92017.pdf

Source: Argex Titanium Inc. (TSX:RGX)

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 Copyright © 2017 Filing Services Canada Inc.



 

Argex Titanium Poised to Secure Significant Offtakes for Commercial Plant

MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex” or “the Corporation”) is pleased to announce that it is in discussions with major off-takers of pigment grade titanium dioxide (TiO2) for the expansion and renewal of previous agreements. The discussions are expected to lead to commitments for larger volumes and the expansion of geographic coverage from a regional to a global level.  

Agreements were signed with two off-takers a few years ago and are now due for renewal. The significant improvements made to the product (morphology, size, colour and opacity) by the new management and technical teams at Argex have persuaded industry leaders to consider increasing their volume commitments with Argex. These agreement renewals could see Argex secure the distribution of all its planned production capacity for the short and long-term.

“Our objective is to become a global player as an emerging low-cost producer of TiO2, and our off-takers appreciate that vision,” said Mazen Alnaimi, Chairman and Chief Executive Officer of Argex. “We believe that the TiO2 industry is poised for growth globally, and that Argex will be well positioned to benefit from that.”

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.

To stay informed on Argex Titanium, please join our Investor Group at 8020 Connect for all upcoming news releases, articles, comments and questions at www.8020connect.com/groups/argex-titanium-inc.

 

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including additional closings of the private placement referred to above, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

 

Contact:

Mazen Alnaimi
Chairman and Chief Executive Officer
Argex Titanium Inc.
info@argex.ca

 

Gladys Caron
Corporate Communications and Investor Relations
Argex Titanium Inc.
Gladys.caron@argex.ca

To view this press release as a PDF file, click onto the following link:

public://news_release_pdf/ArgexAug32017_0.pdf

Source: Argex Titanium Inc. (TSX:RGX)

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Argex Titanium Provides Update on $3.5 Million Private Placement

Not for distribution to United States newswire services or for dissemination in the United States

MONTREAL, Québec – July 31, 2017 – Argex Titanium Inc. (TSX: RGX) (“Argex”) is providing an update on its private placement of a maximum of 46,666,666 units at a price of $0.075 per unit, for maximum gross proceeds to Argex of $3.5 million.  Argex has extended the closing date of the private placement and expects the private placement closing to take place by mid-August 2017.

Argex has also engaged Robson Capital Partners Corp. of Vancouver as its non-exclusive sales, marketing and administrative agent in connection with the private placement. Robson Capital will assist Argex in finding subscribers for the private placement, on a best-efforts basis.  The units are being offered to “accredited investors” in some or all of the provinces of Canada and in other jurisdictions, if any, determined by Argex.

Each of the units will be comprised of one common share and one-half of a common share purchase warrant; each full warrant will entitle its holder to acquire one additional Argex common share at a price of $0.13 for a period of 18 months from the closing date.  In the event that the closing price of Argex’s common shares on the Toronto Stock Exchange is at least $0.15 for a period of not less than 20 consecutive trading days, the warrants will expire, at the sole discretion of Argex, on the 30th day after the date on which Argex sends a notice in prescribed form to the holders of the warrants.

Argex will use the net proceeds from the private placement to complete FEL-2 engineering and a technology package for its titanium dioxide (TiO2) project.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States.  Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

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.

To stay informed on Argex Titanium, please join our Investor Group at 8020 Connect for all upcoming news releases, articles, comments and questions. www.8020connect.com/groups/argex-titanium-inc

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including closing of the private placement referred to above, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Contact:

Mazen Alnaimi
Chairman and Chief Executive Officer
Argex Titanium Inc.
info@argex.ca

 

Gladys Caron
Corporate Communications and Investor Relations
Argex Titanium Inc.
Gladys.caron@argex.ca



Argex Titanium Announces $3.5 Million Private Placement

Not for distribution to United States newswire services or for dissemination in the United States

MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex”) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange for a private placement of a maximum of 46,666,666 units at a price of $0.075 per unit, for maximum gross proceeds to Argex of $3.5 million. Argex expects that closing of the private placement will take place on or about July 21, 2017.

Each of the units will be comprised of one common share and one-half of a common share purchase warrant; each full warrant will entitle its holder to acquire one additional Argex common share at a price of $0.13 for a period of 18 months from the closing date. In the event that the closing price of Argex’s common shares on the Toronto Stock Exchange is at least $0.15 for a period of not less than 20 consecutive trading days, the warrants will expire, at the sole discretion of Argex, on the 30th day after the date on which Argex sends a notice in prescribed form to the holders of the warrants.

Argex will use the net proceeds from the private placement to complete FEL-2 engineering and a technology package for its titanium dioxide (TiO2) project. 

The units are being offered to “accredited investors” in some or all of the provinces of Canada and in other jurisdictions, if any, determined by Argex.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States.  Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

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.

 

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including closing of the private placement referred to above, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com ; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

 

Contact:

Mazen Alnaimi
Chairman and Chief Executive Officer
Argex Titanium Inc.
info@argex.ca

 

Gladys Caron

Corporate Communications and Investor Relations
Argex Titanium Inc.
Gladys.caron@argex.ca

 

To view this press release as a PDF file, click onto the following link:

public://news_release_pdf/agrex07112017e.pdf

Source: Argex Titanium Inc. (TSX:RGX)

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Thursday, June 29, 2017 - 4:15 PM EDT

Argex Titanium Announces Results of Annual Meeting

MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) is pleased to announce that the six nominees listed in its management information circular dated May 19, 2017 were elected as directors at Argex’s annual and special meeting of shareholders held today in Montreal.

At the meeting, a ballot was conducted for the election of directors.  The six individuals named below were elected as directors of Argex, with the following results:

At the annual meeting, Argex’s shareholders adopted a resolution ratifying, confirming and approving all unallocated options under the Corporation’s Stock Option Plan, as required by the Toronto Stock Exchange. Shareholders also adopted a resolution approving an issuance by the Corporation of 9,756,097 common share purchase warrants and 9,756,097 “bonus” common share purchase warrants to Mr. Mazen Alnaimi, Executive Chairman and Chief Executive Officer of the Corporation, in payment of his annual compensation for the twelve-month period from August 1, 2017 to July 31, 2018, as required by the Toronto Stock Exchange.

 The AGM presentation will be available on the company website tomorrow, June 30th, 2017.

 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:

Mazen Alnaimi, Chairman and Chief Executive Officer

Argex Titanium Inc. info@argex.ca

 

Gladys Caron, Corporate Communications and Investor Relations

Argex Titanium Inc. Gladys.caron@argex.ca

 

 

Source: Argex Titanium Inc. (TSX:RGX)

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Thursday, June 22, 2017 - 8:00 AM EDT

Argex Titanium Provides Technical Update

MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex” or the “Corporation”) is pleased to provide an update on technical developments towards the design of a commercial Titanium Dioxide (Ti02) manufacturing facility to be located in Quebec, Canada.

Product improvements have been continuous since the beginning of the year. We achieved consistent morphology and particle size but in addition, the color, brightness and opacity of Argex TiO2 product meet or exceed those of industry leaders in the paint industry. A last finishing step is being finalized with validation from external labs.

At this time, basic engineering is progressing with contributions from WSP and SNC Lavalin. It is approximately half way completed and we expect to finalize in late summer of this year. We continue to collect data in the Valleyfield laboratory in support of the engineering effort as design parameters will be developed.

Upon the completion of the basic engineering package we will be contracting for the detail design activity and project capital cost estimate which is expected to be completed by the end of 2017. 

“We have engineered the process using best practices and in less than one year since restart, we accomplished a sizeable reduction in energy which will improve our operating costs. The Argex process can use various feedstock sources and that flexibility will be an additional competitive advantage to our low cost of production. We are in discussions with preferred feedstock suppliers in preparation for the detail engineering package”, said Carroll Moore, COO of Argex.

We will hold an Annual Shareholder Meeting on June 29, 2017 at 2 pm at the office of Fasken Martineau in Montreal.

 

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.

Forward-Looking Statements This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Contact:

Mazen Alnaimi
Chairman and Chief Executive Officer
Argex Titanium Inc.
info@argex.ca

 

Gladys Caron

Corporate Communications and Investor Relations
Argex Titanium Inc.
Gladys.caron@argex.ca

 

To view this press release as a PDF file, click onto the following link:

public://news_release_pdf/ArgexJune222017.pdf

Source: Argex Titanium Inc. (TSX:RGX)

To follow Argex Titanium Inc. on your favorite social media platform or financial websites, please click on the icons below.

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