MONTREAL, April 4, 2013 /CNW Telbec/ - Argex Titanium Inc. (TSXV: RGX) ("Argex" or the "Company") is pleased to announce that it has published industry-specific titanium dioxide (TiO2) Preliminary Data Sheets for the following industries: Food, Cosmetics & Pharmaceutical; Plastics; Architectural & Industrial Coatings available at argex.ca
"The release of the Preliminary Data Sheets represents a major advancement in Argex's sales and marketing efforts," said Philippe Guillemaille, Marketing & Sales Manager for Argex. "They provide potential end users in three major markets with details on the product characteristics of our focused development work that allows them to assess Argex as a suitable supplier for their future TiO2 requirements."
|Pigment||Industry||Product Highlights||Percentage World TiO2 Market *|
|RGX 171||Food, Cosmetics & Pharmaceutical||- Meets US & European safety standards - Highest rutile TiO2 purity - Highest TiO2 whiteness||1%|
|RGX 220||Plastics||- Clear tint in colored plastics - High durability - Excellent opacity, whiteness and neutral tone||23%|
|RGX 330||Architectural & Industrial Coatings||- Excellent opacity, whiteness and durability - Alumina, silica, organic surface treatment - Easy dispersion gives economic usage||56%|
|* Worldwide TiO2 Production Per Year - 5.6 million tonnes, US$ 17 billion (2011)|
"The data listed with the Preliminary Data Sheets is essential for our discussions with the multiple end users in the Titanium Dioxide industry. We intend to provide TiO2 product suitable for use in some of the largest and most profitable sectors of the industry and our research and development efforts will continue to be focused on working with partners to optimize these products." acknowledged Enrico Di Cesare, COO & VP Technology for Argex.
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 pigment-grade 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.