Argex Titanium Inc. (T:RGX*CA)

Business Focus: Commodity Chemicals

Sector:  Basic Materials Industry:  Commodity Chemicals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 3055 St-Martin Blvd.
LAVAL QC H7T OJ3
Tel: N/A
Website: https://argex.ca
IR: See website
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Key People
Mazen Haddad
Chairman of the Board
Roy Bonnell
President, Chief Executive Officer, Director
Arty Davilmar
Chief Financial Officer
Enrico Di Cesare
Chief Operating Officer, Vice President - Technology
Richard Poulin
Executive Vice President
Mark A. Billings
Senior Vice President - Corporate Development, Director
Andre Laferriere
Vice President - Mining and Geology
Genevieve Marchand
General Counsel, Corporate Secretary
 
Business Overview
Argex Titanium Inc is a Canada-based producer of titanium dioxide (TiO2). The Company has developed a chemical process for the production of TiO2 to be used in paint, plastics, coatings, cosmetics, food, pharmaceutical and other TiO2 applications, and the production of iron by-products. The Company has mining interests in the properties, including La Blache property, which is located approximately 120 kilometers to the northwest of the city of Baie-Comeau, Quebec; Lac Brule property, which is located approximately 95 kilometers northwest of Forestville, Quebec, and Mouchalagane property, which is located approximately 300 kilometers north of BaieComeau, Quebec. The Company's subsidiaries include Impact Iron Mines Inc. and Argex Canada Inc. It has interests in Canadian Titanium Limited, which commercializes technology developed for the production of high-purity TiO2 suitable for pigment production.
Financial Overview
For the nine months ended 30 September 2018, Argex Titane Inc revenues increased from C$4K to C$64K. Net loss applicable to common stockholders decreased 14% to C$3.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Financial expenses decrease of 38% to C$521K (expense), Share-based payments decrease of 18% to C$908K (expense).
Employees: 25 as of Dec 31, 2014
Reporting Currency: Canadian Dollars
Enterprise value: $17.20M as of Sep 30, 2018
Annual revenue (TTM): $0.08M as of Sep 30, 2018
EBITDA (TTM): -$3.23M as of Sep 30, 2018
Net annual income (TTM): -$4.29M as of Sep 30, 2018
Free cash flow (TTM): -$3.11M as of Sep 30, 2018
Net Debt Last Fiscal Year: $1.72M as of Sep 30, 2018
Shares outstanding: 442,391,731 as of Mar 7, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization