Titanium
Corporation Inc. quarterly update
conference
call scheduled for 10:00am EST on Wednesday August 1, 2007
Toronto, Ontario?July 31,
2007?Titanium Corporation [TSX.V:TIC]
is pleased to provide an update on its progress to develop a new sustainable source of titanium and zircon from Canada?s oil sands following the
filing of its quarterly financial statements for the nine month period ended May
31, 2007. The Company is currently
focused on a number of important technical programs
including:
?
Removal
and recovery of hydrocarbons associated with the heavy minerals and the tailings
stream
?
Zircon
flow-sheet testing and optimization
?
Assessment of titanium mineral
processing requirements
The opportunity to potentially
recover additional hydrocarbons from tailings along with the recovery of valuable heavy minerals will be the focus of the next phase of project development. Titanium Corporation gained valuable experience in the removal and
recovery of hydrocarbons (associated with the heavy minerals and the oil sands
tailings stream) during the 2006 on-site concentrator pilot program and subsequent testing in Regina. To assist with further research and development
work to improve hydrocarbon removal and recovery, the Company has engaged
experts from the Alberta based research unit of CANMET Energy Technology Centre.
CANMET is the federal government?s primary research group for the development of
hydrocarbon technologies and related environmental technologies, with an emphasis on oil sands and heavy oil. This further hydrocarbon work is integral
to the recovery of heavy minerals and is required for process design and engineering feasibility, which would follow the successful completion of the
program.
During the third quarter of fiscal
2007, work continued on optimization of the zircon flow-sheet, preliminary
zircon samples were provided to prospective customers and testing of titanium
minerals was underway. International growth in demand for heavy minerals continues to be driven by the emerging economies in Asia and Titanium
Corporation is increasingly active in the region.
Titanium Corporation continues to
maintain a strong balance sheet with a cash position of $21 million at the end
of the quarter, no debt and expenses controlled to budget.
Titanium Corporation?s financial
statements and MD& A for the third fiscal quarter of 2007 are available on
SEDAR at www.sedar.com and on Titanium
Corporation?s website at www.titaniumcorporation.com
.
Titanium Corporation Inc. will host
an update conference call at 10:00 am Toronto/NewYork time (EST) on August 1,
2007. The North American toll-free
conference call dial-in number is 1-866-585-6398 and the international dial-in
is 416-849-9626. A live audio
webcast of the conference call will be available to all interested parties
through Titanium Corporation?s website www.titaniumcorporation.com or
through investorcalendar.com . A
replay of the conference call will be available until August 15, 2007; toll free
dial-in at 1-866-245-6755 and local/international dial-in at 416-915-1035,
passcode number 896707.
About Titanium
Corporation
Titanium Corporation Inc. is a
Canadian company developing a commercial minerals recovery project in the Fort
McMurray, Athabasca oil sands region.
Through extensive research, including the construction and operation of
pilot processing facilities, the Company has developed proprietary processes and
technology to recover valuable titanium-bearing minerals and zircon from oil
sands tailings. Titanium Corporation?s technology could be applied to existing and planned mined oil
sands projects with the objective of creating a new sustainable minerals industry
for Canada. Titanium Corporation Inc. shares trade on the Toronto Venture
Exchange (TSX.V) under the symbol TIC. For more information, please visit
our website www.titaniumcorporation.com.
Disclosure regarding forward-looking
information
Note: This press release does not
contain forward-looking information.
However, we do direct you to our risks and uncertainties statements more
particularly described and updated in Titanium Corporation?s Quarterly Management?s Discussion and Analysis filed for the three and nine months ended
May 31, 2007, on SEDAR (www.sedar.com). Most notably these risks and assumptions
include, but are not limited to: risks associated with future plans and objectives; operating or technical difficulties in connection with development
activities; and development time lines and priorities. Although the Company has attempted to
identify important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking information, there may
be other factors that cause actions, events or results not to be as anticipated,
estimated or intended.
Forward-looking information does not guarantee future performance and
there can be no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. All
subsequent written and oral forward-looking information are made as of the date
hereof and the Company makes no responsibility to update them or to revise them
to reflect new events or circumstances, except as required by
law.
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy and accuracy of
this release.
For further
information:
Scott Nelson, President &
CEO
Carolyn Muir, Investor Relations
Titanium Corporation Inc.
Titanium Corporation Inc.
403-561-0439
416-955-0715 X 224
E-mail: snelson@titaniumcorporation.com
cmuir@titaniumcorporation.com
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Titanium Corporation, Inc.
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CODE : TIC.V |
ISIN : CA88833T1049 |
CUSIP : 88833T104 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Titanium Corp is a oil exploration company based in Canada. Titanium Corp holds various exploration projects in Canada. Its main exploration property is OIL SANDS PROJECT in Canada. Titanium Corp is listed in Canada and in United States of America. Its market capitalisation is CA$ 115.5 millions as of today (US$ 92.4 millions, € 80.9 millions). Its stock quote reached its highest recent level on March 11, 2005 at CA$ 4.24, and its lowest recent point on December 24, 2008 at CA$ 0.15. Titanium Corp has 79 140 000 shares outstanding. |