Referenced Stocks

UPDATE: Argex Loses Early Gains as Announces CTL Process Breakthrough; Rose 4.5% Wednesday

By Midnight Trader,  June 14, 2012, 09:39:08 AM EDT

Argex Mining Inc. (RGX.V), which rose 4.5% yesterday, has lost early gains that saw it touch 72 cents earlier today after it 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.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: PPG



Latest News Video

Boston Marathon Runners Finally Cross Finish Line
Boston Marathon Runners Finally Cro...
Graduations Bring Normalcy To Ravaged Oklahoma
Graduations Bring Normalcy To Ravag...
Prep School Apologizes For Sexual Abuse Of Students
Prep School Apologizes For Sexual A...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%