GREY:ARGEF - Post by User
Comment by
hcourtemon Sep 09, 2014 12:33pm
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Post# 22919728
RE:Small cap power
RE:Small cap power
In addition, on August 26, 2014, Argex announced an exclusive long-term marketing and supply agreement with HELM U.S. for the distribution of TiO2 in the United States and Canada. Under this agreement, HELM U.S. will exclusively market and distribute 50%, up to 25,000 metric tons per year, of TiO2 produced from Argex’s first industrial-sized plant to be located in Salaberry-de-Valleyfied, Québec. The agreement is for a period of seven years beginning when the plant reaches a certain capacity, expected to take place in the first quarter of 2017.
“This is a significant step for Argex. It demonstrates confidence in the scalability of our technology and in our ability to partner with world-class leaders in the industry,” Mr. Bonnell said in the release.
Argex Titanium is currently raising the capital necessary for construction of its first 50,000 tonne per year industrial production module. Once that financing is complete, the company expects to begin production within 18 to 24 months.
https://www.smallcappower.com/posts/article-argex-titanium-inc-9-9-2014
Do the calcul, and you will know when the financial is expect by Argex