Argex Mining shares rally on titanium dioxide collaboration with PPG Industries

Argex Mining announced this week that it has entered into a technical collaboration agreement with PPGwhat is the best design for screening plant Industries to develop and optimize PPG's technology for titanium dioxide.

The goal is to develop a titanium dioxide product that can meet conventional standards for interior and exterior paint and coatings applications, to be produced by Argex. Argex's stock was up 13.79 percent early Tuesday at 99 cents. Titanium dioxide is an inorganic substance characterized by brightness and very high refractive index, making it an ideal pigment in paints, plastics and paper. The deal is intended to make Argex's TiO2 pigment compatible with various end-use applications for PPG. Terms of the transaction were not disclosed. PPG is a large coatings and specialty products company, serving customers in construction, consumer products, industrial and transportation markets and aftermarkets. The company operates in more than...