Argex Titanium Inc, Salaberry-de-Valleyfield, QC

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. Argex’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable bi-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods. Argex’s primary near term goal is to rapidly advance toward a 50, 000 tonne per annum production module; a first step in its goal to transform the 6.4 million tonne per annum TiO2 industry.
On April 3, 2012, Argex announced the signing of a technology collaboration with PPG Industries, the world’s largest paint company, to develop and optimize pigment grade TiO2 for paints and coatings. Combining PPG’s coatings technology and expertise with Argex’s TiO2 proprietary processing technology, the TiO2 is intended to be compatible with various end-use applications for PPG and would be produced by Argex. On June 27, 2013, Argex and PPG entered into a long-term supply agreement, which expands on the collaboration agreement signed by the two parties that was announced in April 2012. Continuing our collaboration with PPG forms part of our strategy to build a strong company and deliver value to our shareholders over the long-term.