Reuters reported that miner Argex Titanium is moving away from plans to build a mine after a resource estimate at the La Blanche Property and is focusing on developing a plant to deploy its extraction technology.

As quoted in the market report:

We’re kind of evolving towards being a specialty chemicalcompany with what I call a hedge against raw material prices, in the fact that we could develop our own properties, if it makes economic sense.

To view the whole Reuters report, click here.