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Titanium Corporation Inc.

 
Hoover's Profile: Titanium Corporation Inc.
(TSX Venture:TIC)
Contact Information
Titanium Corporation Inc.
360 Bay St., Ste. 1001
Toronto, Ontario M5H 2V6, Canada
Tel. 416-955-0715
Fax 416-955-0790

Type: Public
On the web: http://www.titaniumcorporation.com

Titanium Corporation must begin producing titanium and zircon before the sands of time sift through its fingers. It has developed a process that extracts the two minerals from oil sand tailings -- the waste material that remains after refinery-ready oil is removed from oil-bearing sand. If successful, the company will become the first producer of titanium and zircon sand in Canada. Oil sand producer Syncrude Canada has agreed to supply tailings from its northern Alberta operations to Titanium Corporation. The company's first customer is a maker of titanium dioxide pigment. Titanium Corporation also owns a 40-square-mile mineral sand deposit in Nova Scotia.

Key numbers for fiscal year ending 2009:
Sales: $0.0M
Net income: ($18.7)M

Officers:
Chairman: Gordon Pridham
President, CEO, and Director: Scott Nelson
SVP Oil Sands Operations: John Oxenford

Competitors:
Altair Nanotechnologies
BHP Billiton
Rio Tinto Limited

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