From the latest MD&A

The Company currently holds 1,110,000 shares of Argex Titanium Inc. (“Argex”). The Company also holds a 2% NSR, rising to 4% two years after production, on Argex’s Lac La Blache property, with an advance royalty of $100,000 to be paid annually and currently in arrears. 

On June 18, Argex made a proposal under The Bankruptcy & Solvency Act

Note that just prior to the announcement of the Bankruptcy proposal, we had this news on June 4

"Argex Titanium Signs a Strategci Agreement for a Multiplant Development Deal with East China Engineering Science and Technology Ltd. Including Access to Project Financing"

There was to be some sort of auction around Aug 21...I'm assuming for the assets of the company.  Does anyone have any insight on how this will affect Fancamp.

I'm assuming at worst, that Fancamp gets the La Blache property back and perhaps some compensation for the arrears.