MONTREAL, QUEBEC--(Marketwired - Oct. 13, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite", or the "Company") today announced that, further to its press release of October 3, 2016, production activities continue as planned at its high purity alumina ("HPA") plant.
- The first batch of feedstock digestion commenced on September 30 and was followed by subsequent batches, as planned.
- These batches of liquor, produced in the digestion circuit, were subsequently transferred to the crystallisation circuit for production of Aluminum Chloride Hexahydrate (ACH) crystals. ACH crystals are the precursor to High Purity Alumina (HPA).
- Purity levels of the ACH crystals, produced in the first batches, are already in excess of 5N, ahead of expectations. This would correspond to HPA purity levels in excess of 4N5. Based on the excellent results to date, ACH purity levels in excess of 5N8, corresponding to 5N+ HPA, are expected to be achieved within the next batch cycles.
- Once the ACH crystals produced reach 5N8 purity, they will be transferred to the calcination circuit for HPA production.
"Purity of the initial batches of ACH crystals is excellent and has surpassed our expectations so soon after start of production," stated Glenn Kelly, CEO of Orbite. "Operational progress is such that production times are coming down, and purity levels are increasing, as planned. Based on what we have achieved to date, we are confident that ACH purity of 5N8 (HPA purity of 5N+) is well within our reach."
Orbite Technologies Inc. is a Canadian cleantech company whose innovative and proprietary processes are expected to produce alumina and other high-value 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, fly ash as well as serpentine residues from chrysotile processing sites. Orbite is currently in the process of 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 Company's portfolio contains 16 intellectual property families, including 37 patents and 91 pending patent applications in 11 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.
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 30, 2016 on SEDAR, including those under the headings "Recent increase in budgeted capital costs will require additional financing and may adversely impact our prospects", "We will need to raise capital to continue our growth" and "Development Goals and Time Frames".
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.