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.
Tel: N/A
IR: See website
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 fiscal year ended 31 December 2018, Argex Titane Inc revenues increased from C$23K to C$64K. Net loss decreased 5% to C$4.7M. 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 36% to C$723K (expense), Salaries and benefits decrease of 24% to C$783K (expense), Laboratory expenses decrease of 24% to C$292K (expense).
Employees: 25 as of Dec 31, 2014
Reporting Currency: Canadian Dollars
Enterprise value: $14.74M as of Dec 31, 2018
Annual revenue (TTM): $0.06M as of Dec 31, 2018
EBITDA (TTM): -$3.71M as of Dec 31, 2018
Net annual income (TTM): -$4.66M as of Dec 31, 2018
Free cash flow (TTM): -$3.37M as of Dec 31, 2018
Net Debt Last Fiscal Year: $1.39M as of Dec 31, 2018
Shares outstanding: 447,548,978 as of May 16, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization