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Argex Mining Inc. (RGX.V), which rose 4.5% yesterday, announced a milestone breakthrough has been achieved to the iron recovery circuit at its pilot plant in Mississauga, Ontario where the patented CTL process is running continuously.

It said continued process improvements on solvent extraction for the iron circuit have increased the iron concentration from 68 gpl to 120 gpl, significantly reducing the energy consumption and also improving the recovery of TiO2 by 3%. These improvements will ultimately find their way into a full-scale industrial production facility.

Meanwhile, CEO Roy Bonnell was reportedly the guest on Midas Letter Money yesterday, explaining how rising living standards in emerging markets like China are driving demand for Titanium Dioxide, and how Argex plans to provide a significant portion of that demand.

According to a report, Argex is a near-term producer of Titanium Dioxide, Iron and Vanadium Pentoxide, and has recently signed a collaborative agreement with PPG Corp. ( PPG ), one of the world's largest suppliers of paints made with titanium dioxide.

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