Argex Titanium Inc. ARGEF

Agreement with International Paint company?

[moonlight1]

This is not even on the Argex website for NR's 2018, any idea of where this is going? 

Argex Titanium Announces a Major Commercial Agreement

MONTREAL, QC / ACCESSWIRE / November 28, 2018 / Argex Titanium Inc. (TSX: RGX) ("Argex") is thrilled to announce that significant events necessary to change the TiO2 industry have now formally started with the execution of a significant agreement which will contribute to its future success and provide substantial benefit to its shareholders.

We are pleased to announce the signing of a long term off-take agreement for our TiO2 with a major international paint company. This contract provides a substantial base for product supply from our upcoming Technology Center and Commercial plant to be built in Becancour, Quebec.

This contract follows substantial evaluations of our product by five separate independent paint producers, both domestic and foreign, and provides assurance that Argex technology will provide various grades of TiO2 pigment material for coating applications in the worldwide market.

"This agreement which is the culmination of years of work for Argex provides a sound basis for our economic and technical future. It is rewarding that the confidence placed in Argex by major players in the TiO2 user industry has fulfilled our ambition for the company. My conviction is that the opportunities for commercial benefit are being realized and our corporate strategy is proving to be sound and viable for a long-term future in the TiO2 markets" said Mazen Al Naimi, Chairman and CEO.