Argex Mining Inc. has recently transitioned from a mining exploration company to a near-term producer of commodities that the world needs: Titanium Dioxide (TiO2), Iron and Vanadium Pentoxide (V2O5).

Argex released on June 29, 2011 its 43-101 compliant resource estimate on its La Blache property. On October 26, Argex released the results of its preliminary economic assessment (PEA) which confirms the technological and economic viability of Argex’s proprietary metallurgical process and clears the path towards the next step, the construction of an industrial-sized pilot plant.

With a primary goal of advancing rapidly towards production, Argex has adopted a simple and low risk strategy for the scale-up of its metallurgical process that allows it to produce high purity TiO2 directly from its 100% owned deposit.

The process is running continuously at the company’s pilot plant in Mississauga, Ontario. The closed-loop process is environmentally friendly and produces minimal inert tailings.

Additionally, Argex owns 100% of the Mouchalagane property which is a large Labrador Trough iron ore property that represents further potential upside for the Argex shareholders.

MARKET PERFORMANCE	As of May 8, 2012
Recent Price	$0.77
52 week High	$1.25
52 week Low	$0.33
Market Cap	$88.61 M
CAPITALIZATION
109 988 996 Outstanding Shares (basic)
19 106 926 Escrowed Shares
90 882 070 Free-trading Shares
8 637 500 Options
15 293 000 Warrants
0 Milestone Warrants
1 634 175 Brokers Warrants
135 453 671 Outstanding Shares (fully diluted)