Shares issued: ~ 110 million
Fully diluted: ~ 135 million
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Argex Mining
announced today what the company considers a “major breakthrough” in its
patented CTL Process. According to the news release this improvement in the
process significantly reduces energy consumption and also improves the recovery
of Titanium Dioxide (TiO2) by 3%.
“This
breakthrough and all the improvements to date will be incorporated into the
feasibility study to be initiated shortly.”
The CTL process is a proprietary mineral extraction
process that allows for the production of high purity (99.8% pure) pigment
grade TiO2 product, which can be sold at premium prices to the
end-users in the paint, plastic and coating industries. TiO2 is currently
selling for $5,000 / tonne.
To view the full news release, please click here.
