Argex increased future production capacity

Argex Titanium Inc. (“Argexâ€?) has announced that it reached a higher level of optimization of its titanium dioxide pigment production process allowing it to further reduce its operational costs and position the company very favorably in comparison with other TiO2 pigment producers worldwide. The production capacity has also been revised upwards, driven by major improvements in the process which created greater efficiency, reduced capital expenses and allowed for greater flexibility. This has resulted in the ability to process greater volumes with little changes in equipment sizing. The capacity of the Technology Center will be increased to 3,000 metric tonnes/year, and that of the commercial plant to 100,000 metric tonnes/year.

The increased capacity will provide for the production of commercial pigment samples on a larger scale in order to respond to the various product specifications required by clients and off takers. The construction of the Technology Center will begin once the financing is confirmed and Management expects that the Technology Center could be in operation in 2019.

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