Argex Titanium Files Patent Application in the US
MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (“Argex” or the “corporation”) is pleased to announce the filing in the United States of an omnibus patent application covering the Argex process for production of pigment grade titanium dioxide (TiO2). With assistance from Robic, a renowned trademark agent and Intellectual Property service provider from Montreal, and John Tolomei, Esq., a legal expert in Intellectual Property based in the United States, this application will cover the entire process developed by Argex and its technical team. This milestone will be followed by future filings covering specific parts of the process which are proprietary to Argex and novel to the titanium dioxide processes in practice throughout the world.
“We are very pleased to announce this patent filing which confirms the technical success achieved over the last 18 months and provides recognition of the innovative nature of our technology to extract Ti02, with a favorable environmental footprint. We have achieved stability of our process, and the quality and characteristics of the Argex Ti02 product compares favorably with industry standards. This is the foundation for future increases in Argex’s assets which will be significant contributions to its economic health”, said Mazen Alnaimi, Chairman and CEO of Argex.
Argex is planning the application of its Ti02 process in a Technology Center to be constructed and located in Becancour, Quebec, for a capacity of 5,000 MT and in a commercial plant of 100,000 MT thereafter. The corporation’s strategy is also to license its technology and partner with major TiO2 producers to bring this process to the Ti02 industry. The Argex process provides for key environmental advantages with the recycling of 100% of the acid to the leach section of the process and a favorable environmental footprint, as four by-products are generated at the front end, leaving a reduced quantity of non-toxic waste.
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.
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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, including additional closings of the private placement referred to above, 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
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Source: Argex Titanium Inc. (TSX:RGX, OTC Pink:ARGEF, FWB:ASV)
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