Argex buys majority stake in Canadian Titanium

Argex Mining Inc. has struck a definitive deal to buy 50.1% of privately-owned Canadian Titanium Limited for USD 1 million and two million Argex shares. As per the agreement, Canadian Titanium will give Argex an exclusive license in Quebec to use its licensed technology used to recover titanium dioxide. Montreal-based Argex produces metals including titanium dioxide, iron and vanadium pentoxide from its wholly owned deposit in Quebec. The company also owns 100% of the Mouchalagane iron ore property. The CTL technology will allow Argex to go from mine to high-purity pigment-grade titanium dioxide in one process.

Previous articleFormosa to invest in U.S. Petchem Divison
Next articleEnbridge to begin refinery projects
Stainless Steel World Americas is part of the KCI Group of Companies. We are a leading knowledge, communication and information company connecting business-to-business professionals by building and sustaining global communities, solving their information needs and helping them to develop their professional life and friendships.