Argex Titanium Inc. ARGEF

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The Company's attorney is currently completing documentation and submitting fees for formal issuance of the US Patent. "Allowance of this patent is a significant milestone for the Company as the invention is now secured as a key asset that can be exclusively capitalized." The invention is a technical break-through as it enables the recovery of manganese from a low grade resource with significantly less energy and environmental impact than conventional processing methods.

The patent application describes key details in which manganese can be recovered from a low grade resource with the following key advantages:

• Low energy requirement.
• Low water use.
• Robust process with a unique assembly of commercially available equipment.
• The hydrometallurgical process developed by the Company is capable of producing high purity electrolytic manganese dioxide (EMD) and chemical manganese dioxide (CMD) critical for improving performance and safety of high tech lithium ion batteries. The invention by-passes steps known to introduce metallic impurities when producing these materials using conventional mining processes. Norman Chow, President of Kemetco Research, states, "Conventional mining processes used to produce manganese dioxide for lithium ion batteries are known to contaminate cathode materials with metallic impurities. These impurities can cause internal short circuits after a number of charge/discharge cycles, which will by-pass any protection circuits, and unfortunately can lead to fires or explosions." i.e.: electric vehicles, laptops, cellphones etc.
• High purity manganese dioxide is combined with lithium carbonate to form the cathode material used in the "spinel" type high tech lithium ion rechargeable battery.

V.AMY was trading at $1.35 at one time. It now trades at .02.