Orbite Introduces White Paper Series on Market Opportunities for its Technology in Alumina Production and Rare Metals Extraction
MONTREAL, Sept. 17, 2012 /PRNewswire/ -- Orbite Aluminae (TSX: ORT; OTCQX: EORBF) (the "Company" or "Orbite") today announced that it has prepared a series of detailed white papers covering the Company's technology and markets as well as competitive advantages. These reports are available on Orbite's website for public dissemination and investor interest (www.orbitealuminae.com).
"Orbite is pleased to share these in-depth white papers with our investors, customers, and industry colleagues, as they lay the foundation for our growth strategy going forward," said Richard Boudreault, President and CEO of Orbite. "While our business is considered complex by many, our vision is clear – to leverage our advanced technology to cleanly extract alumina and other elements from the earth, meeting rising industry demand. Orbite's proprietary process for alumina extraction does not produce toxic red mud, as do conventional methods; our non-polluting technology recovers a high percentage of alumina and other minerals found therein. We are on track to have our first factory up and running by year's end, with revenue projected for the first quarter of 2013."
The white papers cover a variety of subjects explaining Orbite's technology, the science behind alumina extraction, and information on several rare earth elements. The reports also clarify how Orbite's technology not only prevents the creation of red mud but can actually remediate such toxic by-products, which contain up to 20-25% alumina. In the process, Orbite can retrieve all other valuable elements in the waste, turning the typically costly process of disposing of red mud into a revenue generator.
Each white paper is meant to be an accessible introduction to Orbite's technology and its competitive position in various markets. These documents will also be used for feasibility studies going forward. Research and publication of the reports was done in collaboration with Secor, the largest independent strategy and organizational consulting firm in Canada.
Orbite Aluminae Inc. is a Canadian cleantech 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 eleven 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.
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.
SOURCE Orbite Aluminae Inc.