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.