Argex Titanium Inc. signed a letter of intent with PVS Chemicals, to distribute 100% of Argex's iron by-products to be produced at Argex's first industrial scale titanium dioxide (TiO2) plant to be located in Valleyfield, Quebec. This LOI will act as a guideline for the negotiation of a definitive off-take and distribution agreement between Argex and PVS, which shall be negotiated over the next several months on an exclusive basis.