Argex Titane : 08/01/2018 - Argex Titanium TiO2 Technology of interest to China National Coatings Industry Association

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ArgexTitaniumTiO2technologyofinterestto ChinaNationalCoatingsIndustryAssociation 

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MONTREAL,Québec-January8,2018-ArgexTitaniuminc(TSX:RGX)("Argex"or"theCorporation") is pleased to announce that, following the presentation of Mr. Mazen Alnaimi, Chairman and CEO of the Corporation, at China's First Summit Forum on the Titanium Industry in December 2017, and the validationoftheArgextechnologybyexternallabs,therewasmajorinterestfromindustryplayerstomeet withArgexmanagementanddeveloppotentialbusinesscollaboration.

A meeting took place at Argex with the General Secretary of the China National Coatings Industry Association(NCIA),anassociationwhichrepresents48TiO2manufacturersinChina.

ThismeetingconfirmedthegreatinterestoftheChineseTiO2industryfortheArgextechnology.Meetings with select major industry players and Argex Management will be arranged with two groups: a group interested in satisfying Chinese demand by licensing the Argex technology and a group interested in developingglobalTiO2production,usingtheArgextechnologywhichhaskeyadvantagesintermsofcost andenvironmentalimpact.

TheChineseauthoritieshavebannedtheconstructionofsulfateproductionofTiO2inthecountryaswell as restricted any expansion of existing sulfate plants unless major environmental impact improvements aremade,therebyencouragingthechlorideprocessfortheproductionofTiO2.

TheChineseTiO2industryaccountsforanestimatedtotalcapacityof3.2milliontonnesandisgrowingat 6%to8%annually.Thisgrowthistheequivalentoftwoadditionallargescaleproductionunitseveryyear.

"TheserapiddevelopmentsprovethattheArgexTiO2technologyisbeingdevelopedattherighttimeina fastgrowingsector,inneedforlowercostandenvironmentallyfriendlytechnologies",saidMazenAlnaimi, ChairmanandCEOofArgex.

AboutArgexTitanium

Argex Titanium Inc. has developed an advanced chemical process for the volume production of high gradetitaniumdioxide(TiO2)foruseinhighqualitypaint,plastics,cosmeticsandotherTiO2applications. The Corporation's unique proprietary process uses relatively inexpensive and plentiful source material from a variety of potential vendors to produce TiO2, along with other valuable byproducts. Argex's process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

 Contact: MazenAlnaimi ChairmanandChiefExecutiveOfficer|ArgexTitaniumInc.[e-mail]

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