Orbite Provides Update on HPA Plant Construction
September 3, 2014 (Source: Marketwired) — Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) (“Orbite” or the “Company“) today provides an update on progress of the construction of its three tonnes per day high purity alumina (“HPA”) facility, at Cap-Chat, in Québec.
Further to the Company’s announcement of August 6, 2014, the first phase of the construction project, the structural reinforcement of the HPA building for the subsequent installation of the Outotec calcination equipment, has been completed.
Fabrication of the calcination equipment at Outotec’s Burlington, Ontario facilities is complete and installation at site is slated to commence the week of September 8th, following curing of the new foundation to support the equipment. The mechanical contract for this installation has been awarded to CNC Mechanical (2002) Inc of Boucherville, Québec. Management anticipates installation of the decomposition and calcination reactors to take up to 6 weeks, in line with Orbite’s construction schedule, and will be followed by refractory installation and curing. The refractory installation contract is presently under negotiation.
“We are excited to be entering the next stage in our project,” stated Denis Arguin, Orbite’s VP of Engineering and Operations. “With each reactor weighing some 30 tonnes and both measuring approximatively 3.5 by 4.5 by 9 meters, the calcination unit is a sizeable and complex system that requires an experienced and reputable party to complete installation. We are therefore pleased to have CNC Mechanical (2002) Inc commit to this phase of the project. Overall, work on the HPA facility continues on schedule for commercial production in Q1 of 2015.”
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, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Corporation’s intellectual property portfolio contains 16 intellectual property families, and the Corporationowns 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. The Corporation also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.
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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 July 30, 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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>