MONTREAL, QUEBEC--(Marketwired - July 14, 2014) - Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"), today provides an update on progress of its HPA facility at Cap-Chat, Quebec, Canada.
Following the closing of the $10 million financing with a U.S. institutional investor (see July 11, 2014 press release), the Company continues to progress well on all fronts towards completion of its three tonnes per day HPA production facility at Cap-Chat, Quebec.
Further to its update press release of May 13, the Company is pleased to announce that the calcinator equipment ordered from Outotec in Germany has arrived in Quebec. The shipment, representing approximately 50% of the total investment in the calcination system, includes a combination of refractory and solids handling devices, as well as monitoring and control instrumentation. Also expected to arrive at the plant from Outotec's facility in Burlington, Ontario, are pre-shaped refractory bricks. Progress on fabrication of the vessels for the calcination system at Outotec's Burlington facility is progressing according to schedule, with all progress and quality inspection reports being positive. The various components of the calcination system will be shipped to the Cap-Chat facility in accordance with the construction schedule.
Glenn Kelly, CEO of Orbite, stated, "Having received this first part of the calcination system is significant and brings us that much closer to actual production. We continue to execute well against our twelve month timeline and are on schedule for commercial production in the first quarter of 2015. There are many moving parts to building a plant that involve technical, financial and personnel issues, and we are fully on target with all of these."
In additional news, in preparing for commercial production, the Company hired seven process control technicians for its HPA production facility to complement its operator's team. The Company is pleased that these technicians are the first graduates from the new AEC Operation and Control of Industrial Processes programme, offered in Sainte-Anne-des-Monts by Groupe Collegia, in collaboration with Emploi-Quebec and Orbite. The 16-month full-time programme commenced in February 2013 and was concluded with a 90 hour internship at Orbite's facility at Cap-Chat. In addition to the operating staff, the Company also hired a locally-based mechanical technician.
Bruno Bibeau, plant manager of Cap-Chat stated, "We are very happy and proud of these appointments, strengthening our team and broadening our expertise. The appointments also confirm Orbite's commitment to the development of a local workforce."
Orbite Aluminae Inc. is a Canadian cleantech company whose innovative and proprietary processes are expected to produce alumina and other high-value by-products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud and fly ash. Orbite is currently finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Quebec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallee deposit. The Corporation's intellectual property portfolio contains 16 intellectual property families, and the Corporation owns the intellectual property rights to 11 patents and 72 pending patent applications in 10 different countries. The first intellectual property family is patented in Canada, USA, Australia, China, and Russia.
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 May 13, 2014 on SEDAR.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
External Investor Relations Consultant
1-800-385-5451 ext. 248
Shaun Smith, External Media Relations Consultant
1- 800-385-5451, ext. 252
Source: Orbite Aluminae Inc.