ARGEX Titanium Inc

MONTREAL and PISCATAWAY, NJ, Aug. 26, 2014 /CNW Telbec/ - Argex Titanium Inc. (TSX: RGX) and Helm U.S. Corp., a wholly-owned subsidiary of German-based HELM AG, today jointly announced that they have entered into an exclusive long-term marketing and supply agreement for the distribution of Titanium Dioxide (TiO2) in the US and Canada.

Under this agreement, HELM U.S. will exclusively market and distribute fifty percent (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, commencing when the plant reaches a certain capacity which is currently expected to take place in the first quarter of 2017.

"This agreement combined with the supply agreement with PPG Industries, Inc. commits a significant quantity of the available capacity of Argex's first full scale titanium dioxide production plant," said Roy Bonnell, president and chief executive officer of Argex Titanium Inc. "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."

"We are extremely pleased to be able to secure an additional supply of high quality titanium dioxide for our customers and add another milestone to the development of our distribution network in North America," said Philipp Mangold, president of HELM U.S. Corp. "This is a very exciting opportunity and we recognize the potential effect Argex's next generation process will have on the titanium dioxide industry."

About Helm AG

HELM AG is a multi-functional marketing organization in the chemical sector, situated in Hamburg, Germany. The family owned company was founded in 1900 and has developed into one of the world's major independent chemicals marketing companies. HELM AG operates in more than 30 countries around the world, with revenue in 2013 of approximately EURO 10 billion. Its specific local and regional knowledge guarantees access to the major markets worldwide.

About Argex Titanium Inc.

Argex Titanium Inc. has developed an advanced chemical process for the volume production of high grade titanium dioxide (TiO2) for use in high quality paint, plastics, cosmetics and other applications. The company's unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex's process provides a significant cost and environmental advantage over current legacy TiO2 production methods. The company's primary near term goal is to rapidly advance toward a 50,000 tonne per annum production module as a first step in its goal to transform the 5.2 million tonne per annum TiO2 industry