MONTREAL, QUEBEC--(Marketwire - Feb. 14, 2013) - Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") wishes to confirm that following unusual trading that occurred following the market open and its impact on the Company's share price, the Company is not aware at this time of any reason which justifies this share price movement.
Orbite Aluminae Inc. is a Canadian cleantech company whose innovative technologies are setting the new standard for alumina production. Orbite technologies enable the low-cost and 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 producing any wastes such as the caustic red mud residue generated from the industry standard Bayer process. The Company owns 100% of fourteen 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 585 km2 including the 33.4 km2 Grande-Vallée property, the site of a homogeneous aluminous clay deposit in Quebec, Canada containing an NI 43-101 compliant Indicated Mineral Resource of 1.04 billion tonnes (see Reviewed Preliminary Economic Assessment, dated May 30, 2012 and ORT May 31, 2012 press release for a detailed breakdown of the resource). Orbite holds a mining lease on a portion of the deposit. Orbite is currently commissioning its 2,600 m2 high-purity alumina (HPA) plant in Cap-Chat, Quebec, Canada, which will become fully operational in the first quarter of 2013. Orbite plans to license its technologies to well-qualified alumina producers who want to reduce their environmental footprint. Orbite has signed memorandums of understanding with the world's largest aluminum producer, UC RUSAL, and with a major Asian aluminum company. A series of white papers on the application of its technology for the production of alumina, remediation of red mud, and extraction of rare metals are available on our website: www.orbitealuminae.com/en/technology/white-paper.
Certain information contained in this document may include "forward-looking information", including statements regarding the intended use of proceeds of the Offering. 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.