Poor TiO2 market conditions force Argex to reassess budget
Published: Thursday, 11 June 2015
Like other pigment manufacturers, Argex – which is hoping to convert low cost ilmenite into high quality TiO2 using its patented production method – is having to look at budget and strategy to cut costs where necessary in order to deal with market conditions and ensure that its project reaches production phase.
Titanium dioxide (TiO2) junior Argex Titanium
Inc. has said that recent market activity and conditions have
led to the company changing its strategy with regards to budget
and cost cutting.
The company announced today that it would not be proceeding
with the offering of units under short form prospectus