Orbite Congratulates Aluminerie Alouette
posted on
Oct 31, 2011 04:59PM
Unique technologies enable the extraction of metallurgical-grade alumina, high-purity alumina and high-value elements, including rare earths, from locally sourced aluminous clay, in an environmentally sustainable manner.
MONTREAL, QUEBEC -- (Marketwire) -- 10/31/11 -- The leaders of Orbite Aluminae Inc. (TSX:ORT) congratulate Aluminerie Alouette, its partners, and the Government of Quebec on the announcement of Phase III in the expansion of the Aluminerie Alouette facility in Sept-Iles.
"This expansion project is great news for Quebec, which continues to position itself as the ideal place to produce aluminum at a low cost and with a minimum environmental footprint. Orbite hopes to contribute to this positioning by producing metallurgical alumina from the aluminous clay in the Gaspe region, thus enabling the production of aluminum, 100 % Quebec made, from hydroelectricity to the final product," affirmed Richard Boudreault, President and CEO of Orbite.
Alouette has been a partner of Orbite since the beginning. Not only did it invest $1 million in the Orbite pilot plant in Cap-Chat, it also provided technical assistance during the start-up of the facility. "We at Orbite greatly appreciate this show of confidence in our company's future and technology," added Mr. Boudreault.
About Orbite
Orbite (pronounced "Orbit") owns 100% of the mining rights on approximately 6,400 hectares of a Grande-Vallee property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallee, and a 28,000 sq. ft. redundant line pilot plant in Cap Chat, in the Gaspe region. The NI 43-101 report issued in August 2011 has identified an Indicated Resource of about 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries. www.orbitealuminae.com
Regulation 43-101 and forward-looking statements
The information and the analyses contained therein do not constitute any type of feasibility study or economic assessment within the meaning of Regulation 43-101 respecting standards of disclosure for mineral projects (Quebec) ("Regulation 43-101"). No preliminary feasibility study, pre-feasibility study or feasibility study pursuant to the requirements of Regulation 43-101 has been completed to date