Latest News
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Argex Titanium Relates Further Progress on Vietnam Joint Venture +
MONTREAL, QC - February 28, 2019 - Argex Titanium Inc. (TSX: RGX) ("Argex") Meetings with Hung Thinh Minerals Investment Ltd in recent days have produced an agreement to proceed with the establishment of a joint venture company in Vietnam to produce pigment grade Titanium Dioxide (TiO2). Formal agreements which reflect the commitments of Argex and Hung Thin are being prepared and reviewed with attorneys representing both parties in the next 2-3 weeks. Actions agreed by the parties with respect to Vietnam government approvals, dispatch of ore samples to Argex from the Hung Thinh mines, and payment terms in the contracts are underway and are expected to be completed by the end of March.
"The results of our meetings were positive, and actions contained in the agreements are in progress. Legal arrangements to document our mutual understandings are being reflected in formal contracts and we look forward to executing the documents to cement the intents expressed in our recent meetings. I believe Argex is poised to benefit from this association both now and in the long-term future in Southeast Asia. Mutual cooperation was evident in our discussions and I expect a successful conclusion to these documents by the end of this month," said Mr. Mazen Alnaimi, Chairman and Chief Executive Officer.
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 byproducts. Argex's process provides a significant cost and environmental advantage over current legacy TiO2 production methods.
To stay informed on Argex Titanium, join our Investor Group on 8020 Connect 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, 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, 2017, 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 -
Argex Titanium Announces Second Closing of Private Placement +
Not for distribution to United States newswire services or for dissemination in the United States
MONTREAL, Feb. 20, 2019 - Argex Titanium Inc. (TSX: RGX) (“Argex”) is pleased to announce that is has held a second closing of its previously-announced private placement at which it issued 8,714,886 units (the “Units”) at a price of $0.04 per Unit, for gross proceeds to Argex of approximately $348,595.
Each of the Units is comprised of one common share and one common share purchase warrant. Each full warrant entitles its holder to acquire one additional Argex common share at a price of $0.05 for a period of 24 months.
Argex will use the net proceeds from the sale of the Units for working capital.
Argex issued an aggregate of 20,714,886 Units in the private placement for gross proceeds to Argex of approximately $828,595.
The securities issued at the second closing of the private placement are subject to a four-month “hold period” under applicable securities regulations.
An insider of Argex purchased a total of 1,000,000 Units under the private placement, which is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Argex relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider participation.
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, join our Investor Group on 8020 Connect 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, or if any of them do transpire or occur, what benefits Argex will derive from them. 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, 2017, 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 -
Argex Titanium Starts Exploration Program at Lac Brule +
MONTREAL, QC - February 7, 2019 - Argex Titanium Inc. (TSX: RGX) ("Argex") is pleased to announce that it has mandated ASDR Canada Inc. to conduct exploration at its 100% owned Lac Brûlé property, located 64 km from Labrieville, on Quebec's North Shore, near the Hydro-Quebec Bersimis 2 power plant site. The anomaly is located approximately 700m from the road.
The geologists from ASDR Canada intersected at least two massive hemo-ilmenite lenses last year and some of the highlight intercepts were (see press release of April 19, 2018):
Block A southern extension include:
- 35.8% TiO2 and 0.37% V205 over 28.2 meters from DDH LB-18-32
- 35.02% TiO2 and 0.37% V205 over 20.7 meters from DDH LB-18-26
Since then, Argex has increased the property by 32 claims for a total of 97 claims for a total area of 5,435 hectares to protect other undiscovered anomalies close to the ones already identified.
This year's program will be conducted in two phases over the coming months. The first phase is dedicated to defining the anomaly discovered in 2018 in more details in order to identify the physical limits of the hemo-ilmenite lenses, by drilling 800 m of Diamond Drill Holes (DDH) equivalent of up to 16 exploration holes to cover the total 2.4 km length of the anomaly and to determine its boundaries. The second phase, once the extensions are well identified, will be to conduct more drilling in order to define the resource.
Core samples from Lac Brûlé have been tested for composition as well as in the Argex labs for processing to Titanium Dioxide, and its properties are interesting for both ore use and incorporation into the Argex process as feed. The latest mandate is to further define the extent of the deposit and to evaluate compositions of core samples from expanded exploration drilling patterns.
"This property which is conveniently located near power and transportation facilities has already demonstrated evidence of significant mineral deposits from the 2018 work. We have contracted to pursue further exploration in order to determine the extent of the lenses at Lac Brûlé and the eventual commercial impact of this asset for Argex going forward" said Mr. Mazen Alnaimi, Chairman and Chief Executive Officer.
Louis Caron, P.Geo, a consultant to Argex, is the Qualified Person for the Lac Brûlé property under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, responsible for the technical contents of this news release, and has approved the disclosure of the technical information contained herein.
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 byproducts. Argex's process provides a significant cost and environmental advantage over current legacy TiO2 production methods.
To stay informed on Argex Titanium, join our Investor Group on 8020 Connect 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, 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, 2017, 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 Al-Naimi
Chairman and Chief Executive Officer | Argex Titanium Inc.
info@argex.caContact person for mining:
Louis Caron Tel: 819-856-5436
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Argex Titanium Announces Closing of Private Placement +
Not for distribution to United States newswire services or for dissemination in the United States
MONTREAL, QC - February 6, 2019 - Argex Titanium Inc. (TSX: RGX) ("Argex") is pleased to announce the closing of a previously-announced private placement at which it issued 12,000,000 units (the "Units") at a price of $0.04 per Unit, for gross proceeds to Argex of $480,000.
Each of the Units is comprised of one common share and one common share purchase warrant. Each full warrant entitles its holder to acquire one additional Argex common share at a price of $0.05 for a period of 24 months.
Argex will use the net proceeds from the sale of the Units for working capital.
The securities issued at the closing of the private placement are subject to a four-month "hold period" under applicable securities regulations.
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, join our Investor Group on 8020 Connect 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, or if any of them do transpire or occur, what benefits Argex will derive from them. 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, 2017, 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
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Investor Events
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06/29/2017- Annual and Special Meeting of Shareholders +
Form of Proxy
Management Information Circular
Notice of Meeting
Notice and Access
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