• Donnerstag, 28 November 2024
  • 20:57 Uhr Frankfurt
  • 19:57 Uhr London
  • 14:57 Uhr New York
  • 14:57 Uhr Toronto
  • 11:57 Uhr Vancouver
  • 06:57 Uhr Sydney

Argex Titane restarts its laboratory in Valleyfield

10.08.2016  |  FSCwire

MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX:RGX) (the “Corporation” or “Argex”) is pleased to announce that activities have resumed at its R&D centre in Valleyfield.

Due to the suspension of activities in 2015, renovation work was required and the equipment had to be reconditioned in recent weeks before activities could resume. In the interim, a specialized technical team was recruited. The team will be supported by external experts.

“Given the current state of advancement of Argex’s technology, our goal in the coming months will be to integrate each unit of the process, from ore selection at the entrance to reduction of water consumption, integration of heat sources and improvement of reagent consumption level, in order to optimize and confirm the parameters of the titanium dioxide products (TiO2),” said Carroll Moore, Chief Operating Officer of Argex. “We will benefit from a new team of internal and external engineers, chemists and technicians who will collect ongoing data with a view to commercial production of industrial-grade titanium pigment. We have also introduced internal and external data analysis services that will save us time and money.”

“We plan to refine the Argex technology in order to set a new standard for the titanium industry,” added Mazen Alnaimi, Executive Chairman and Chief Executive Officer of Argex. “Given our experience in marketing and operation of commercial chemical plants, we are aiming for a future 1:2,000-scale demonstration plant design, followed by the construction of a 25,000-tonne commercial unit. This 50% reduction from the earlier design will tangibly reduce the risks associated with scaling.”

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:

Nicole Blanchard

Corporate Communications and Investor Relations

Argex Titanium

(514) 843-5959

nblanchard@argex.ca

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/rgx08102016e.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.


Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2016 Filing Services Canada Inc.






Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Argex Titanium Inc.
Bergbau
A1J1GR
CA04014T1021
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.