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post #301 of 418

 

Orbite signs MOU to test technology on Nalco ore

2012-06-27 07:52 ET - News Release

 

Mr. Richard Boudreault reports

ORBITE SIGNS MEMORANDUM OF UNDERSTANDING WITH ASIAN GIANT NALCO AND ANNOUNCES POSITIVE RESULTS FROM ITS RED MUD REMEDIATION PROCESS

Orbite Aluminae Inc. has entered into a non-binding memorandum of understanding with National Aluminium Company Ltd., Asia's largest integrated aluminium complex, pursuant to which Orbite's technology will be evaluated on Nalco's ores, namely gibbsite, boehmite and also on Nalco's red mud residue left after alumina has been extracted from bauxite using the Bayer process. The company has also released the successful test results of its patented process in the remediation of red mud and the associated tailings ponds; red mud represents a corrosive, hazardous and long-lasting contaminant and is a by-product of the Bayer process traditionally used to produce alumina from bauxite. The tests demonstrated that Orbite's process is able to isolate the principal components most commonly found in red mud and remediate them as high-value-added commercial products (Al, Fe, Ti, MgO, REO, RMO, etc.).

These evaluations coupled with exchange of technical information between the parties may conceivably pave the way to a potential participation of Nalco in Orbite's projected smelter grade alumina production plant in Quebec and to a licensing opportunity of Orbite's technology to economically process Nalco's aluminous ores and to remediate the red muds at its existing operations.

"This agreement is the first step in what we hope will be a mutually beneficial relationship between Orbite and Nalco," declared the President and CEO of Orbite, Richard Boudreault. "The potential synergies between the two companies are considerable."

Processing and economic remediation of red mud residue

Red mud is the principal waste produced by the traditional Bayer alumina and aluminum manufacturing process. According to the International Committee for the Study of Bauxite, Alumina and Aluminium (ICSOBA) "Alumina refineries world over presently generate more than 100 million tons of red mud per annum, which is likely to increase with the setting up of new production facilities and decreasing ore quality. Less than 5% of red mud is being utilized in the world with the remainder disposed in ponds." Red mud is toxic and highly caustic, a serious health hazard that threatens to pollute water and soil. Each tonne of alumina produced using the Bayer process generates approximately two tonnes of red mud waste. Recent studies estimate and the global inventory or red mud is estimated to be around 3,000 million tonnes at the end of 2010 (Klauber, C., Grafe, M., and Power, G, 2009) - and growing at approximately 120 million tonnes per annum. Red mud has been named the most serious sustainable environmental problem associated with the aluminum industry and recently led to the tragic loss of human life and environmental damage in Hungary, with other spills also occurring in India, China, Canada and Brazil. The environmental and social costs associated with bauxite mines and the Bayer process are spurring opposition to the development of new alumina production opportunities in a number of key countries.

Tested on various sources of red mud, Orbite's patented process enables red mud residue to be converted into raw material and allows for the extraction of its main components while neutralizing, purifying and extracting some of its key elements (Fe, Al, Ti, MgO, Na, Ca, REE, etc.). Orbite's process converts red mud into a dry, inert and environmentally neutral product as residue (leachate) and can reduce residual volumes by more than 90% compared to the product's initial state. The Orbite technology may be offered via a licensing agreement or delivered as a ready to use product to customers in Canada and abroad for the extraction of the alumina, titanium oxides, hematites, magnesium oxides, rare earth oxides, and rare metal oxides contained in this environmentally harmful waste.

"This is a world first, as the Orbite technology is essentially ready to be commercialized," stated Mr. Boudreault. "Our process is, to our knowledge, the only confirmed, commercially viable technology to remediate Bayer process residues, thereby extending the lifespan of Bayer units often limited by red mud storage permits governing red mud tailings ponds" stated Richard Boudreault, President and CEO of Orbite. "As a result, our technology helps ensure sustainable development by offering an ecological and economical alternative in managing these environmentally harmful residues, and by extension, the associated red mud spills. In addition, our agreement with Nalco is expected to follow the steps of Rusal, as both companies are seeking to reduce their operating costs using local raw materials."

Test results

The Company's team of engineers undertook testing to validate the efficiency of its SGA process using approximately 50kg of red mud as a raw material, on a pilot scale. The results generated several samples which were then analyzed according to industry best practices by two independent and accredited laboratories: AGAT Laboratories, Mississauga, Ontario, and Evans Analytical Group, Syracuse, New York.

The red mud residues evaluated and tested were representative of the existing distribution characteristics in the alumina industry. The principal components of the red mud residues measured and tested were as follows: Al2O3 - 18-35%, Fe2O3- 25-45%, as well as non-negligible quantities of TiO2 at 10-20% and SiO2at 5-10%. Depending on the origin of the red mud, humidity percentages up to 50% can be measured on highly basic products whose density measurements were above 3000 kg/m3.

Based on the samples produced, the Company established a process parameter profile and the conceptual basis for a red mud remediation unit as well as the expected operating expenditures, capital expenditures and return on investment for any potential partners holding licenses for their own purposes. The Orbite technology is also protected via the filing of a provisional patent application in the United States for the processing and remediation of red mud (see press release dated May 9, 2012).

Orbite's SGA process, which includes semi-continuous leaching and a fully integrated hydrochloric acid regeneration system, produces a solid residue that is slightly grey, dry and non-leachable that has very low density and a neutral pH following the treatment steps devised by Orbite's engineers. The product obtained is easy to handle and environmentally neutral. It is composed primarily of two main non-leachable oxides: SiO2 and TiO2. Orbite's SGA process is also suited for the chemical conditions associated with red mud as an input and allows for the recovery of the alumina contained in red mud in addition to the recovery of ultra-pure hematite, magnesium oxides and certain rare metals, when present. The Orbite process can also convert alkaline metals in the form of a chloride into hydrochloric acid during the regeneration process of this acid.

The yields obtained from the remediation of the red mud families evaluated and the individual recovery rates of the main oxides are as follows:

 

----------------------------------------------------------------------------
                               Al2O3     Fe2O3       MgO      Na2O       CaO
                          --------------------------------------------------
                                   %         %         %         %         %
----------------------------------------------------------------------------
Initial red mud residues       18-35     25-45   0.2-2.8   3.1-5.1   1.7-6.5
----------------------------------------------------------------------------
Average extraction rate                                                     
 (%)                           95.85     94.02     83.33     98.74     96.51
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Overall recovery rate                                                       
 following remediation                                                      
 with the Orbite process                                                    
 (%)                           92.42     91.19     80.54     97.76     93.28
----------------------------------------------------------------------------
----------------------------------------------------------------------------


 

The dry residual material, which is mainly composed of silica and titanium oxide, can be separated into its two principal components when so desired in order to recover TiO2. The Orbite process can be used for this type of separation and produces titanium oxide with a purity exceeding 95%.

Overall, based on these convincing findings and on the overall approach to the smelter grade alumina (SGA) process, Orbite's team has adapted and created a conceptual basis for a large-scale industrial process involving the continuous remediation of red mud that can serve to individually and economically recover its constituants. The principle implemented is essentially the same as for the standard Orbite process to refine alumina from clay.

"Our greatest professional satisfaction at Orbite is derived from this kind of technological achievement," stated Denis Primeau, Eng., MBA, Chief Engineer at Orbite.

The technical content of this press release has been reviewed and approved by Denis Primeau, Eng., MBA, and Chief Engineer of Orbite, a Qualified Person under the terms of Regulation 43-101 Respecting Standards of Disclosure for Mineral Projects (Quebec).

post #302 of 418

Been holding this stock for a nice while adding more positions on the lows. With their patents and the new factory on the way there will be big things coming for Orbite.

post #303 of 418

I agree.  This is a keeper.

Industrial clean up is big business and these guys can produce  commercial products on the side. 

It should be good short term and great long.

post #304 of 418

Same here been flipping around my core for months now,,

post #305 of 418
Orbite Produces Its First 5N Purity Commercial Grade High-Purity Alumina Samples

And announces its intention to list on a US based Exchange

MONTREAL, QUEBEC--(Marketwire - June 29, 2012) -

Editors Note: There is a photo associated with this press release.

Orbite Aluminae Inc. (TSX:ORT) ("Orbite" or the "Company") is proud to announce it produced its first commercial samples of high-purity alumina (HPA) at purity levels of 99.999% (5N). This achievement follows the production of 99.99% (4N) purity HPA that that the Company previously achieved in 2011 while the market is transitioning to higher purity levels. Consequently, Orbite continues to upgrade its technical capabilities to produce not only 4N and 5N HPA but also to achieve 99.9999% (6N) purity level. The 5N samples were pre-tested by independent laboratory Evans Analytical Group (EAG), which confirmed their compliance with the Company's and market purity specifications. These samples will shortly be sent to selected collaborators, designated based on their HPA needs, their intent to increase consumption of this type of alumina and the potential for strategic partnerships with the Company in regards to HPA marketing activities. To date, more than a dozen prospective clients have requests samples of high-purity alumina.

"The significant anticipated growth in HPA annual worldwide demand, which according to Mackie Research will rise from 9,000 tons in 2012 to over 15,000 tons in 2015, will lead to a substantial supply deficit of about 6,000 tonnes per year caused notably by the global increase of light emitting diodes (LED) demand. I'm very pleased that a large number of first-rate, internationally renowned companies are interested in our HPA and are prepared to evaluate our materials. The quality and purity of our alumina provides an opportunity for Orbite to fill a pressing and growing market need," stated Yves Noel, Vice President of Sales and Marketing at Orbite.

United States public listing

Orbite is pleased to announce its intention to pursue, in the coming months, the listing of its class A shares on the OTCQX, a U.S. based securities market. OTCQX is the premier tier of the over the counter market, and offers international companies a visible presence in the United States of America without the duplicative regulatory burdens of a traditional U.S. exchange listing. Orbite's planned application to the International OTCQX is by no means assured, and all required listing requirements must first be met before a listing may be granted. This listing would lead to an increased fluidity and a broader market for Orbite's shares.

Pursuant to its press release issued on June 26, 2012, the Company confirms that with its patented rare earth and rare metal extraction and separation process, and the collaboration of its two European partners, CMI-UVK and MEAB, it has established the process parameters and final design of the rare earth and rare metal separation technology, This work enabled the successful extraction and separation of commercial samples of other rare earth oxides and rare metals, such as neodymium, dysprosium (both 99.9% pure), cerium (99.5% pure), as well as gallium oxide (99.99% pure).

Neodymium and dysprosium are used in the manufacturing of permanent magnets, and both appear on the list of short and medium-term critical materials as a consequence for their significant importance for green energies and their high supply risk, as stated in the latest Critical Materials Strategy report issued by the U.S. Department of Energy in December 2011.

Gallium is widely used in the semiconductors industry, which in the past has relied heavily on silicon. Today, however, gallium arsenide is a semiconductor that is particularly sought after for the manufacturing of light emitting diodes (LED) and high electron mobility transistors considering its optical and electronic properties. Furthermore, gallium nitride's properties are particularly well suited for high power, high temperature and high frequency electronic applications.

Cerium, for its part, has extensive applications in the manufacturing of polishing products used in particular in the glass and electronics industries. Cerium is also used to make catalytic converters, which serve to reduce carbon monoxide emissions. Finally, the inclusion of cerium-based additives in diesel fosters a more efficient combustion, resulting in less air pollution.

Basic engineering phase for the smelter grade alumina plant over 90% completed

In addition, Orbite is updating the progression status of its smelter grade alumina (SGA) plant. The basic engineering was commissioned to international industry leaders, qualified to establish the foundation required for the next phase, namely detail engineering leading up to the construction of the SGA plant. To date, the basic engineering is 100% completed for the following sectors: ALP (semi-continuous acid leaching plant) by Johnston Vermette and Genivar; ACP (crystallization plant) by SMS Siemag; CP (calcination and associated acid recovery) by Outotec; HARP (hematite production and associated acid recovery) by SMS Siemag; MgO (magnesium oxide production and associated acid recovery) by CMI-UVK; alkali (alkali conversion and associated acid recovery) by CMI-UVK; and REEP (individual rare earths and rare metals extraction plant) by CMI-UVK. The acid purification unit, the clay crushing unit and the integration of sub-systems are on the verge of being completed. Overall, the SGA project basic engineering is more than 90% complete.

"The basic engineering was entrusted to international leaders qualified to establish the fundamental parameters for the construction of the smelter grade alumina plant," added Denis Primeau, Eng., MBA, Chief Engineer at Orbite. "The feasibility study is expected to enable the integration of these elements during the final phase by the end of 2012. The energy aspect is properly controlled; a usage matrix by combustible type has been implemented and covers all required parameters (cost, availability, specific energy, etc.) and provides a plurality of appealing energy options to Orbite. The Orbite project is and remains an entirely chemical and non-metallurgical based process, which considerably reduces complexity."

Accelerating time to market

In response to widespread interest in its technology and range of products, the Company has decided to invest in the production of commercial samples and its ability to conduct technical tests at its Laval facilities to assist in the production and commercialization of high-purity alumina (HPA). The size of its facilities has therefore doubled to accommodate new leading-edge equipment, including additional 20 and 50-litre reactors. In addition, a reduced-scale HPA production unit with a nominal 5 kg/hr output, precisely modelling the future HPA manufacturing process at Orbite's HPA plant, is being installed as part of this expansion.

"I am very pleased to confirm that our commercial samples are consistently meeting and indeed exceeding the specifications of our future potential customers," stated Dr. Hubert Dumont, Technical Director at Orbite. "We are already planning process improvements to enable us to attain the highest purity standards and offer a more extensive line of products."

This investment will enable the Company to increase its high end commercial sample production capacity and will support ongoing efforts at the Cap-Chat production plant by providing HPA and conduct tests and analyses in a shorter time frame. The initiative will also accelerate Orbite's commercialization of its HPA and therefore hasten the generation of positive cash flow.

Annual General Meeting

The Company will hold its annual and special shareholders' meeting today at 2:00 p.m., at the Courtyard Montreal Airport, 7000 Place Robert-Joncas, Montreal.

The technical content of this press release has been reviewed and approved by Denis Primeau, Eng., MBA, and Chief Engineer of Orbite, a Qualified Person under the terms of Regulation 43-101 Respecting Standards of Disclosure for Mineral Projects (Quebec).

==================================================================

                                                                                                                                           thumbup.gif               let's roll !

post #306 of 418

traded some on Friday, will be looking for a new entry for my flippers.

post #307 of 418

These guys are hot right now.  Wonder that nobody has picked them this month.

 

 

Orbite Aluminae Inc. Reports on Its General and Special Meeting of Shareholders
MONTREAL, QUEBEC--(Marketwire - July 3, 2012) - Orbite Aluminae Inc. (TSX:ORT) (the "Company" or "Orbite") is pleased to report that it held its annual general and special meeting of shareholders (the "Meeting") on June 29, 2012 and all items of business on the agenda were approved.....
 
Orbite's President and CEO, Mr. Richard Boudreault, also provided the shareholders with a comprehensive summary of the several milestones reached in the last year, including the favorable progression of the HPA production facility, the signing of several non-disclosure agreements with potential customers and partners and the incorporation of a wholly owned subsidiary expected to be the vehicle of the projected phase 1 SGA Joint Venture. Mr. Boudreault also announced Orbite's intention to evaluate the potential formation of distinct business divisions in order to segregate its several expected business operations, namely the HPA and SGA production facilities.
 
Orbite currently owns 100% of the mining rights over a total of 60,984 hectares including the Grande-Vallee property measuring 6,665 hectares, the site of an aluminous clay deposit located 23 km south of Grande-Vallee, and a 2,600 m2 facility in the process of being converted into a high-purity alumina plant in Cap Chat, in the Gaspe region. An NI 43-101 report identified over 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns ten different families of intellectual property rights (and patent pending), protected by Canadian and U.S. patents, for extracting alumina and for which patents are also pending in other countries
post #308 of 418

Well Bull, ORT turn the other way now...lol, been playing the swing trade on ORT and RIO for a long time, now both as been a cash cow if you get on the right side of it.

 

ORT broke support ( old resistance) i will be waiting for it around 1.80 if the chart tells me.

post #309 of 418

Yes.  I already sold out what I picked up at 1.90 

Bought some NOX 

post #310 of 418
Quote:
Originally Posted by Bullwinkle View Post

Yes.  I already sold out what I picked up at 1.90 

Bought some NOX 

 

 Well welcome to NOX band wagon,, i did pick up another 10k at .38 now going to sit on them, just getting a tab heavy for a venture stock, i need to stick to my rules,,,lol

post #311 of 418

Dam miss my entry at 1.82, i got left in the dust at 1.80....mad.gif need to get rid of this job and trade for a living..lol

post #312 of 418
Orbite Reports on the Construction Progress of Its High Purity Alumina Plant

MONTREAL, QUEBEC--(Marketwire - July 23, 2012) -

Editors Note: There is a photo associated with this press release.

Orbite Aluminae Inc. (TSX:ORT) (the "Company" or "Orbite") is pleased to report on the progress achieved in construction activities of its high-purity alumina plant in Cap-Chat, Quebec, and announces today it has selected the investment banking firm or ROTH Capital Partners as its principal American liaison as it prepares to list its shares on the American OTCQX exchange. In addition, the Company will participate in three upcoming international events in Brazil, India and England.

HPA plant progress

Orbite wishes to report on the progress of the work underway at its high-purity alumina (HPA) plant, which is scheduled for commissioning in late 2012. Many pieces of processing equipment have already been delivered to the plant site, notably processing tanks, water treatment units, conveyors, compressors, evaporators and product containers. The civil engineering and infrastructure work is presently ahead of schedule, while the structural work will begin in early August and should last approximately six weeks. The Company expects that the remaining equipment will be delivered as scheduled during the fall of 2012.

United States public listing

Orbite has selected ROTH Capital Partners ("ROTH") as its principal Americans liaison in regards to list its shares on the U.S. based OTCQX securities market by the end of this year, should market conditions prove favorable. Since its inception in 1984, ROTH has been an innovator in public markets especially in regards to the cleantech and technologies industrial sector all into Orbite. Headquartered in Newport Beach, CA, ROTH has regional offices in San Diego, Los Angeles, Seattle and New York. International offices include a Shanghai Representative Office and a Hong Kong Limited Office. A series of meetings with investment bankers in the US and Asia, are expected prior to listing.

post #313 of 418

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8/10/2012 @ 10:45AM |68 views

Bullish Two Hundred Day Moving Average Cross - ORT

In trading on Friday, shares of Orbite Aluminae Inc. (Toronto: ORT) crossed above their 200 day moving average of $2.28, changing hands as high as $2.29 per share. Orbite Aluminae Inc. shares are currently trading up about 2.3% on the day.


Edited by Echofox - 8/11/12 at 12:29pm
post #314 of 418

MONTREAL, QUEBEC--(Marketwire -08/08/12)- Editors Note: There is a photo associated with this press release.

Orbite Aluminae Inc. (ORT.TO) ("Orbite" or the "Company") is pleased to announce that it has successfully extracted the first commercial samples of heavy rare earth oxides, gallium and scandium from its aluminous clay deposit in Grande-Vallee, Quebec. With its patented and patent pending, commercially-proven technology, the Quebec clean tech company is set to become the first commercial North American rare earths, gallium and scandium producer, ahead of its closest competitors. By 2013, it plans to offer heavy rare earth separation services to third parties and to produce its own resources by 2014.

Rare earths (dysprosium, erbium, neodymium, praseodymium, etc.) and rare metals (gallium, scandium, yttrium) are products of high commercial value considered scarce and seldom available in high enough concentrations to be profitable. Orbite's technology allows for the low-cost extraction of rare earths and rare metals using the ecological and environmentally-friendly alumina extraction process. Orbite has evaluated the content of its Grande-Vallee aluminous clay deposit at more than 22% (ratio to total rare earths) in heavy rare earths and has noted a strong presence of scandium. To conduct testing for the extraction of individual rare earth and rare metal samples, Orbite retained the services of European companies CMI-UVK and MEAB, which validated extraction rates of more than 93% purity, i.e.: gallium at 93.86%; scandium at 93.11%; yttrium at 87.47%; neodymium and dysprosium, both at 99.9%; cerium at 99.5%; and gallium oxide at 99.99%.

"Our rare earths deposit holds significant commercial potential, and we expect to be the first in North America to offer a heavy rare earth extraction and separation technique as a derivative of our alumina production. Orbite's entry into the global rare earths market should also help to reduce the economic risks associated with the concentration of separation techniques in China," affirmed Richard Boudreault, President and Chief Executive Officer of Orbite Aluminae.

China is currently home to the majority of the world's rare earths. The United States and Australia also hold considerable reserves but have been unable to maximize their potential due to the competitiveness of Chinese pricing and the environmental issues surrounding the commercialization of these products.

The Company has not yet completed a feasibility study and there is no certainty the proposed operations will be economically viable. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The information of a scientific or technical nature relating to the proposed HPA plant discussed herein has been reviewed and approved by Denis Primeau, ing., a "qualified person" pursuant to National Instrument 43-101 - Standards of Disclosure of Mineral Projects (NI 43-101). Mr. Primeau is the Chief Engineer of Orbite, and as such, is not independent pursuant to NI 43-101.

About Orbite

Orbite Aluminae Inc. is a Canadian clean tech company whose innovative technologies are setting the new standard for alumina production. Orbite technologies enable environmentally-neutral extraction of smelter-grade alumina (SGA), high-purity alumina (HPA) and high-value elements, including rare earths and rare metals, from a variety of sources such as aluminous clay and bauxite, without generating the toxic red mud residue that the traditional Bayer process produces. The Company owns ten different families of intellectual property rights (and patents pending) filed across the world for the extraction of alumina at the highest standards of sustainability. Orbite also owns exclusive mining rights over a total of 60,984 hectares, including the 6,665-hectare Grande-Vallee property, the site of an aluminous clay deposit in Quebec, Canada. An NI 43-101 compliant report identified over 1 billion tonnes of aluminous clay in part of this deposit. Orbite is currently converting its 2,600 m2 pilot plant in Cap-Chat, Quebec, Canada, into a full-scale high-purity alumina production facility, and expects this plant to be fully operational in early 2013. The Company also anticipates the launch of construction of its first SGA plant towards the end of 2013. Orbite plans to offer SGA and HPA products and to license its low processing cost technologies to well-qualified producers who want to reduce their environmental footprint. Orbite has recently entered into partnerships with the world's largest aluminum producer, UC Rusal, and Asia's largest aluminum complex, National Aluminium Company Limited.

Forward-looking statements

Certain information contained in this document may include "forward-looking information". Without limiting the foregoing, the information and any forward-looking information may include statements regarding projects, costs, objectives and future returns of the Company or hypotheses underlying these items. In this document, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or the Company management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks uncertainties and assumptions include, but are not limited to, those described in the section of the Management's Discussion and Analysis (MD&A) entitled "Risk and Uncertainties" as filed on March 22, 2012 on SEDAR, and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20120807-Oxydes_800.jpg

post #315 of 418
Quote:
Originally Posted by Echofox View Post

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8/10/2012 @ 10:45AM |68 views

Bullish Two Hundred Day Moving Average Cross - ORT

In trading on Friday, shares of Orbite Aluminae Inc. (Toronto: ORT) crossed above their 200 day moving average of $2.28, changing hands as high as $2.29 per share. Orbite Aluminae Inc. shares are currently trading up about 2.3% on the day.

 And a C&H formation on the 6m chart...wink.gif

post #316 of 418
And a beaut C&H she is. Here comes the explosion.
post #317 of 418

In an important move toward the development of its Quebec operations, Orbite Aluminae (TSX:ORT) (the "Company" or "Orbite") today announced it has received a 20-year renewable mining lease (BM 1013) on its Grande-Vallée property. Granted by the Ministère des Ressources naturelles et de la Faune du Québec, Quebec's Ministry of Natural Resources and Wildlife, the lease is a significant step in supporting the feasibility study currently underway for Orbite's smelter-grade alumina (SGA) production plant as well as for the high-purity alumina (HPA) operations.

"The mining lease demonstrates that Orbite is meeting key milestones and progressing according to schedule," said Richard Boudreault, President and CEO of Orbite. "We very much appreciate the Ministry's support and look forward to positively contributing to the community, the Province of Quebec, and Canada's global technology leadership within the mining sector."

"We are happy to see a mining project with economic, ecological, and environmentally responsible values developing in the Gaspé region, and we support it," said Chief Claude Janotte of the Gespeg Micmac Nation.

The first 90 hectares mining lease permits a renewable 20-year period of mining on approximately 70 million tonnes of aluminous clay, which is in line with Orbite's Revised Preliminary Economic Assessment dated May 30, 2012 (see May 31, 2012 press release http://www.orbitealuminae.com/media/upload/news/PRESSRELEASE_REVISED_PEA-VF.pdf).

Orbite also announces that it is 7 to 10 days ahead of schedule on the construction of it High Purity Alumina (HPA) plant situated in Cap-Chat, expected to start production in Q1 2013.

post #318 of 418

Bullish Two Hundred Day Moving Average Cross - ORT

-Energy Stock Channel, Contributor

 

In trading on Friday, shares of Orbite Aluminae Inc. (Toronto: ORT) crossed above their 200 day moving average of $2.23, changing hands as high as $2.25 per share.

post #319 of 418
Orbite Aluminae Joins OTCQX International and Begins Trading in the United States

MONTREAL, QUEBEC--(Marketwire - Sept. 10, 2012) - Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"), a leading provider of clean technology and developer of breakthrough alternative solutions for the alumina production industry, today announced that the Company will begin trading on the OTCQX International. Effective Monday, September 10, 2012, Orbite will trade on the OTCQX® under the symbol "EORBF."

By listing on the OTCQX, the world's largest electronic marketplace for broker-dealers to trade over-the-counter ("OTC") stocks and the OTC market's most prestigious tier, Orbite is increasing accessibility, gaining exposure, and providing even greater liquidity to investors in the United States.

"We are confident that trading on the OTCQX will enhance and extend Orbite's visibility as the Company continues to progress," said Richard Boudreault, President and CEO of Orbite Aluminae. "Our ability to significantly expand access to growing demand for alumina by providing producers with a more cost-effective and environmentally friendly extraction technology presents a very strong investment opportunity, which will now be available in the United States through our presence on the OTCQX."

post #320 of 418

Orbite Aluminae Moves Toward Being the First North American Producer of High-Purity Alumina

Thursday, September 13, 2012

 

Production of 5N (99.999%) Purity Level to Meet Growing Demand by Technology Manufacturers

 

MONTREAL, Sept. 13, 2012 /PRNewswire/ -- 

 

Orbite Aluminae Inc. (TSX: ORT) (OTCQX: EORBF) ("Orbite" or the "Company"), a leading provider of clean technology and developer of breakthrough alternative solutions for the alumina production industry, today announced it will begin producing high-purity alumina (HPA) in the first quarter of 2013 at its plant in Cap-Chat Quebec.

 

Orbite is expected to be the only North American company producing a 5N (99.999%) purity level of alumina, which is a rapidly growing market driven by increasing demand for LED lighting and products ? applications that already represent nearly half of the overall market for HPA.  By 2015, LED usage is expected to account for about 60 percent of the total HPA market partially due to legislation mandating a shift from incandescent and CFL (compact florescent) to LED lighting. 

 

"Global demand for high-purity alumina is quickly exceeding the available supply," said Richard Boudreault, President and CEO of Orbite Aluminae. "Orbite should help address this deficit, which is critical to a range of industries, and is well positioned to be a strategic alternative to the Asian producers who've largely dominated and controlled the market."

Boudreault noted that another key market factor is the quality of the metal. "As technological applications continue to develop and advance, they require alumina that has a higher rate of purity, which is why our laboratory is also working hard to develop a 6N (or 99.9999%) purity level before the Company's HPA commercial plant is in service. The HPA plant, expected in operation early next year, will also enable the production of Rare Earth Elements," he commented.

 

In addition to LED products, high-purity alumina is also used in the production of semiconductors, phosphor products (e.g. plasma screens), lithium-ion batteries, and automotive sensors.  According to Orbite, these are all business segments with substantial growth opportunity lies as demand increases, especially in emerging markets.

 

High-Purity Alumina (HPA) ? Market Potential and Orbite's Competitive Advantages (http://www.orbitealuminae.com/media/upload/filings/HPA_VERSION_0.pdf), which is a research-based analysis by the consulting firm SECOR, details the current state of the HPA market and the opportunities that Orbite offers to prospective customers through its new production capacity.

Lower Costs, Environmentally-Neutral Extraction, and New ApplicationsOrbite's technology will allow for the extraction of alumina from a wide range of source materials such as argillite, bauxite, and fly ash at significantly lower costs and without generating a single ounce of the toxic red mud pollutant that the traditional Bayer process produces. Additionally, the process can extract alumina from red mud residue, and will also be applied for the first time to aluminous clay. In fact, Orbite's clay deposits in the Gaspe region of Quebec will be the primary source material for the production of 5N alumina.

 

Orbite refined its first commercial samples of 5N purity alumina ? produced in its HPA pilot plant ? at its laboratory located in Laval, Quebec, which were then sent to potential customers selected according to their alumina needs and their potential for strategic partnerships with the Company as it moves toward commercializing its technologies and activities.

The technical content of this press release has been reviewed and approved by Marc Filion, a qualified person under the terms of National Instrument 43-101 Respecting Standards of Disclosure for Mineral Projects (Quebec). Mr. Filion is a consultant of Orbite, and as such, is not independent pursuant to NI 43-101.

 

About Orbite Orbite Aluminae Inc. is a Canadian clean tech company whose innovative technologies are setting the new standard for alumina production.  Orbite technologies enable environmentally-neutral extraction of smelter-grade alumina (SGA), high-purity alumina (HPA) and high-value elements, including rare earths and rare metals, from a variety of sources such as aluminous clay and bauxite, without generating the toxic red mud residue that the traditional Bayer process produces.  The Company owns ten different families of intellectual property rights (and patents pending) filed across the world for the extraction of alumina at the highest standards of sustainability.  Orbite also owns exclusive mining rights over a total of 60,984 hectares, including the 6,665-hectare Grande-Vallee property, the site of an aluminous clay deposit in Quebec, Canada.  An NI 43-101 compliant report dated May 30, 2012 identified over 1 billion tonnes of aluminous clay in part of this deposit. Orbite is currently converting its 2,600 m2 pilot plant in Cap-Chat, Quebec, Canada, into a full-scale high-purity alumina production facility, and expects this plant to be fully operational in early 2013.  The Company also anticipates the launch of construction of its first SGA plant towards the end of 2013.  Orbite plans to offer SGA and HPA products and to license its low processing cost technologies to well-qualified producers who want to reduce their environmental footprint. Orbite has recently entered into partnerships with the world's largest aluminum producer, UC Rusal.

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