MONTREAL, April 6 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) reported today that is has engaged Process Research Ortech Inc. (PRO) to develop an effective and economically viable process for the recovery of titanium dioxide from its 100% owned La Blache deposit's ore.
PRO has extensive experience in titanium processing with several patents issued and pending. For its Canadian patent application on its proprietary mixed chloride technology to treat titanium containing ores to produce titanium dioxide, the patent allowance has been made. The process has been previously demonstrated for other titanium containing ores from Canada and overseas with an extraction efficiency in excess of 90% for both titanium and iron as well as production of over 99.8 % pure titanium dioxide.
"PRO's principals have worked for some of the biggest names in the Canadian and international metals and mining industry. They are internationally recognized experts in process technology development and commercialization including clean technology. They are experts in hydrometallurgical and pyrometallurgical processing" stated Argex's President and CEO Michael Dehn.
PRO's existing facilities include proven laboratory and pilot facilities for hydrometallurgical processing: pilot continuous atmospheric leaching system; bench scale titanium and pilot scale stainless steel autoclaves for high pressure leaching with capacity of up to 50 gallons; solvent extraction system consisting of mixer settlers, pulse column and fixed bed and continuous ion exchange systems; lab and pilot scale liquid/solid separation equipped with thickeners and filters; and electrowinning cells for product recovery.
"Having access to such existing world-class facilities will certainly expedite the metallurgical work and thereby assist us we with our plans to move rapidly to titanium production" added Michael Dehn.
Argex is a junior titanium, iron, and vanadium explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, the Company is committed to the interests of its shareholders, with plans to rapidly advance towards titanium production at the 100% owned La Blache deposit located near Baie-Comeau, Quebec. For additional information please visit our website at www.argex.ca.
About Process Research Ortech Inc.
Process Research ORTECH Inc. (PRO) represents an 80-year old tradition of innovation and technology development to support industries. PRO was incorporated in January 1999 to take over the Process Technologies activities of ORTECH Corporation (Formerly Ontario Research Foundation, originally established in 1928). The mandate of PRO is to continue the research and development work carried on by the Process Technology group of ORTECH Corporation, while exploring, developing and commercializing innovative solutions in areas including Cleantech and Renewable Energy. PRO serves the needs of Canadian and international companies, in partnership with academic and governmental agencies and organizations as well as primary leaders in the industry.
PRO's world class service facility with its laboratory and pilot plant offers specialized process services including extractive metallurgy. PRO adapts technologies on behalf of its clients to obtain solutions including pyrometallurgy, hydrometallurgy, electrometallurgy and mineral processing. These solutions address the needs for recycling and environmental issues. The team with its wealth of experience offers innovative and yet practical solutions for its clients' needs in process development, process compression, evaluation of plant performance, improvement of plant operation and plant modernization. In addition to developing their own technology, PRO remains connected to the cutting edge of new and innovative technologies which have promise for its potential clients.
For additional information please visit the website at www.processortech.com.
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Argex Titanium Inc.
For further information: For further information: Michael Dehn, President and CEO, Argex Silver Capital Inc, (647) 477-2382, firstname.lastname@example.org; Paradox Public relations, (514) 341-0408, 1-866-460-0408