Orbite Aluminae Inc.
TSX : ORT

Orbite Aluminae Inc.

June 28, 2012 08:34 ET

Orbite Confirms It Will be Capable of Processing and Separating Rare Earth and Rare Metal Concentrates by 2013

MONTREAL, QUEBEC--(Marketwire - June 28, 2012) - Orbite Aluminae Inc. (TSX:ORT) ("Orbite" or the "Company") is proud to announce it has retained the services of Cockerill Maintenance & Ingénierie ("CMI Chemline"), a company with global expertise in industrial processes, in order to complete the regeneration phase for ultra high-purity hydrochloric acid produced at the Orbite high-purity alumina (HPA) production plant in Cap-Chat, Quebec. Acid regeneration is a key component in the commercialization of HPA. As a result, as early as 2013, the Company should be in a position to process rare earth concentrates in order to individually extract such rare earth elements as dysprosium, erbium and yttrium, but also rare metals such as scandium and gallium.

Acid regeneration will improve the overall performance of the plant while reducing operating costs and replicating a major portion of Orbite's contemplated smelter grade alumina (SGA) production plant. CMI Chemline's selection reaffirms Orbite's constructive partnership with this Belgian-German firm, as CMI is currently involved in the development of the HPA plant as well as the rare earths and rare metals component of the smelter grade alumina project and the design of its magnesium oxide (MgO) production facility.

Samuel Crets, President of CMI Chemline, CMI's chemical industry division, highlighted his team's expertise as well as Orbite's visionary patented technology: "We are very much looking forward to conducting the chemical engineering work at the SGA plant in Cap-Chat. The technology proposed for the production of HPA and SGA, established by Orbite, as well as the associated hydrochloric acid regeneration generates high efficiency and allows extremely high recovery yields, while meeting all environmental regulations in place."

"We have now taken another important step that may enable Orbite to produce rare earths and rare metals as early as 2013, as the performance of the individual extraction units has now been demonstrated on a large scale with the help of our partners CMI and MEAB," added Richard Boudreault, President and Chief Executive Officer of Orbite. "In addition, the acid regeneration system in our HPA production plant will allow rare earth and rare metal concentrates from third parties to be processed and separated, in parallel to our production of HPA."

The technical content of this press release has been reviewed and approved by Denis Primeau, Eng., MBA, and Chief Engineer of Orbite, a Qualified Person under the terms of Regulation 43-101 Respecting Standards of Disclosure for Mineral Projects (Quebec).

About CMI Chemline

CMI Chemline, CMI Industry'pole dedicated to chemical processes, is specialized in the design and supply of chemical treatment equipment for steel strips and long products. With its Business Units in Brazil, China, France, and Germany, CMI Chemline counts many references throughout the world. CMI Chemline is also the leading supplier of acid regeneration plants, for hydrochloric acid for example. CMI Chemline has built the largest Spray Roaster in Europe and specialized plants all over the world. Customers such as Arcelor Mittal, DOFASCO, IMSA, and Rio Tinto count on CMI Chemline's engineers and their expertise.

About Orbite

Orbite currently owns 100% of the mining rights over a total of 60,984 hectares including the Grande-Vallee property measuring 6,665 hectares, the site of an aluminous clay deposit located 23 km south of Grande-Vallee, and a 2,600 m2 facility in the process of being converted into a high-purity alumina plant in Cap Chat, in the Gaspe region. An NI 43-101 report identified over 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns ten different families of intellectual property rights (and patent pending), protected by Canadian and U.S. patents, for extracting alumina and for which patents are also pending in other countries. www.orbitealuminae.com.

Forward-looking statements

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.

Contact Information

  • MEDIA
    Frederic Berard
    Vice-President
    H+K Strategies
    514-395-0375, ext. 259

    ORBITE
    Jacques Bedard
    CFO
    Orbite Aluminae Inc.
    514-744-6264, ext. 111

    INVESTORS
    Louis Morin
    Investor Relations
    Orbite Aluminae Inc.
    514-591-3988

    Jason Monaco
    Managing Partner
    First Canadian Capital Corp.
    416-742-5600

    Nicole Blanchard
    Investors Relations
    Sun International Communications
    450-973-6600