MONTREAL,
April 17, 2013 /CNW Telbec/ -
Argex Titanium Inc. (TSXV: RGX) is pleased to announce the
establishment of a fully comprehensive Research and Development
Centre ("R&D Centre) at its recently announced facility in
Salaberry-de-Valleyfield
(Valleyfield), the planned site of
its first industrial-sized titanium dioxide (TiO2)
plant.
"The Argex R&D Centre will drive ongoing
innovation as we continue on the pathway to production," stated
Enrico Di Cesare, Argex's
Vice-President of Technology and Chief Operating Officer, "The
close integration of our R&D activities with the development of
our industrial scale plant has many operational advantages which we
expect will ensure optimal performance at the plant."
With all of its production and R&D
operations merged at a single site, Argex expects to achieve
significant cost savings and additionally, benefit from the
Quebec government's tax credit
regime for its research and development initiatives. Furthermore,
the centralization of these activities is expected to enhance the
protection of the Argex intellectual property as well as that of
CTL.
As part of the establishment of the R&D
centre, Argex will relocate the operation of its current test
facility in Mississauga, Ontario
to the Valleyfield location where
it will serve as a highly effective training tool for the future
operators of the industrial-sized plant. As part of the relocation
process, Argex intends to increase significantly the stated
TiO2 production capacity of the pilot plant, which
should translate into both significant cost savings for sample
production and expedited production times to better serve Argex's
potential customers and collaboration partners.
"Our R&D Centre will be relied on for
continuous improvement as well as to support operations and
commissioning of the industrial-sized plant," said Roy Bonnell, President and CEO of Argex, "Our
R&D activities will enable us to focus on the optimization of
our production methods in order to meet the highest industry
standards as we seek to add value to our TiO2 product
through continued innovation in collaboration with partners in the
food, cosmetics & pharmaceutical, plastics, and architectural
and industrial finishes industries. The establishment of Argex's
own R&D Center at our Valleyfield facility represents an important
step forward in the maturity of the Company. We are excited to be
at this point in our evolution."
"We are delighted to welcome the new Argex
R&D Centre to Valleyfield,
which will foster the creation of quality, high-skilled jobs in our
region," affirmed Denis Lapointe,
Mayor of Salaberry-de-Valleyfield.
About Argex Titanium Inc.
ARGEX Titanium Inc. is a near-term producer of
Titanium Dioxide (TiO2). With a primary goal of
advancing rapidly towards production, Argex has adopted a simple
and low-risk strategy for the scale-up of its proprietary process
that allows it to produce high-purity pigment-grade TiO2
directly from run-of-mine material. The closed-loop process is
environmentally friendly and produces minimal inert tailings.
Argex is pleased to have selected Valleyfield, Quebec as the location for its
first industrial-sized production facility. The location of the
site can be viewed at Argex Valleyfield.
Forward-Looking Statements and Disclaimer
This press release may contain forward-looking
information within the meaning of applicable securities laws. All
information and statements other than statements of historical
facts contained in this press release are forward-looking
information. Such statements and information may be identified by
words such as "about", "approximately", "may", "believes",
"expects", "will", "intends", "should", "plans", "predicts",
"potential", "projects", "anticipates", "estimates", "continues" or
similar words or the negative thereof or other comparable
terminology. Forward-looking statements are based on the best
estimates available to Argex Mining Inc. ("Argex") at this time and
involve known and unknown risks, uncertainties and other factors
that may cause Argex's actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. No assurance can be given that any events anticipated
by the forward-looking information in this press release will
transpire or occur, or if any of them do so, what benefits that
Argex will derive therefrom. In particular, no assurance can be
given as to the future financial performance of Argex. The
forward-looking information contained in this press release is made
as of the date hereof and Argex undertakes no obligation to
publicly update such forward-looking information to reflect new
information, subsequent or otherwise, unless required by applicable
securities laws. The reader is warned against placing undue
reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its
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policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Argex Titanium Inc.