MONTREAL, Feb. 14, 2013 /CNW Telbec/ - Argex Titanium Inc. (TSXV: RGX) ("Argex" or the "Company") is pleased to announce that it has been recognized by the TSX Venture Exchange as one of the 2013 TSX Venture 50 companies, a ranking of strong performing companies on the TSX Venture Exchange.
The TSX Venture 50 annually awards the top ten companies listed on the TSX Venture Exchange, in each of five major industry sectors - Oil and Gas, Mining, Technology & Life Sciences, Diversified Industries and Clean Technology. The companies were chosen based on their share price appreciation, trading volume, market capitalization, growth and analyst coverage, as of December 31, 2012.
Argex achieved the second position out of the ten companies selected in the Mining industry sector.
"We are honoured to be recognized on the TSX Venture Top 50 in 2013," said Roy Bonnell President and Chief Executive Officer of Argex. "2012 was a very good year for Argex, we were able to achieve a number of key milestones and we expect we will be able to deliver even better things for our shareholders in 2013."
About Argex Titanium Inc.
ARGEX TITANIUM INC. is a near-term producer of Titanium Dioxide. With a primary goal of advancing rapidly towards production, Argex has adopted a simple and low-risk strategy for the scale-up of its proprietary process that allows it to produce high-purity TiO2 directly from run-of-mine material.
The process is running continuously at the mini-plant in Mississauga, Ontario. The closed-loop process is environmentally friendly and produces minimal inert tailings.
Additionally, the Corporation owns 100% of the Mouchalagane property, which is a large Labrador trough iron ore property that represents further potential upside for the Argex shareholders.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Argex Titanium Inc.