MONTREAL - Argex Titanium Inc. (Argex), an emerging producer of titanium dioxide (TiO2), has signed a letter of intent with PVS Chemicals, a chemicals manufacturer, and PVS's wholly owned subsidiary, Fanchem Ltd., to distribute 100% of the iron byproducts produced at Argex's first industrial-scale TiO2 plant, which will be located in Valleyfield, Quebec.
This agreement will act as a guideline for the negotiation of a definitive off-take and distribution agreement between Argex and PVS, which will be negotiated over the next several months on an exclusive basis.