Argex Titanium Inc. and Fanchem Ltd. announced the execution of a Letter of Intent for the marketing of products to be manufactured in the commercial Argex titanium dioxide (TiO2) process. The agreement addresses a long-term arrangement for the sale and marketing of iron chloride, iron sulfate, iron oxide and magnesium sulfate which result from the optimized process for manufacture of pigment grade TiO2. The total volume of by-products from the Argex 100,000 tonnes TiO2 facility will exceed 190,000 tonnes per year.