Orbite Aluminae Inc.
TSX : ORT

Orbite Aluminae Inc.

July 23, 2012 08:30 ET

Orbite Reports on the Construction Progress of Its High Purity Alumina Plant

MONTREAL, QUEBEC--(Marketwire - July 23, 2012) -

Editors Note: There is a photo associated with this press release.

Orbite Aluminae Inc. (TSX:ORT) (the "Company" or "Orbite") is pleased to report on the progress achieved in construction activities of its high-purity alumina plant in Cap-Chat, Quebec, and announces today it has selected the investment banking firm or ROTH Capital Partners as its principal American liaison as it prepares to list its shares on the American OTCQX exchange. In addition, the Company will participate in three upcoming international events in Brazil, India and England.

HPA plant progress

Orbite wishes to report on the progress of the work underway at its high-purity alumina (HPA) plant, which is scheduled for commissioning in late 2012. Many pieces of processing equipment have already been delivered to the plant site, notably processing tanks, water treatment units, conveyors, compressors, evaporators and product containers. The civil engineering and infrastructure work is presently ahead of schedule, while the structural work will begin in early August and should last approximately six weeks. The Company expects that the remaining equipment will be delivered as scheduled during the fall of 2012.

United States public listing

Orbite has selected ROTH Capital Partners ("ROTH") as its principal Americans liaison in regards to list its shares on the U.S. based OTCQX securities market by the end of this year, should market conditions prove favorable. Since its inception in 1984, ROTH has been an innovator in public markets especially in regards to the cleantech and technologies industrial sector all into Orbite. Headquartered in Newport Beach, CA, ROTH has regional offices in San Diego, Los Angeles, Seattle and New York. International offices include a Shanghai Representative Office and a Hong Kong Limited Office. A series of meetings with investment bankers in the US and Asia, are expected prior to listing.

Orbite represented in Brazil, India and England

Members of the Orbite team will attend the International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) Symposium, which will be held from October 29 to November 2, 2012, in Belém, Brazil. They will notably make two presentations at the Symposium, the first on the Orbite technology and its application and the second on the economical remediation of red mud residue and the extraction of the value-added components it contains. The Company has also been invited to make a presentation at Bauxite, Alumina and Aluminium Industry of Asia - Vision 2020, an international symposium hosted by the International Bauxite, Alumina and Aluminium Society (IBAAS) to be held from December 3rd to 5th, 2012, in Nagpur, India. During the same period, the Company will attend the Mines and Money 2012 conference in London, England, and will make a presentation on Orbite and its technology during the Canadian Investor Seminar, held on December 2, 2012.

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.

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Contact Information

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

    ORBITE
    Jacques Bedard
    Orbite Aluminae Inc.
    CFO
    514-744-6264, poste 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
    Investor Relations
    Sun International Communications
    450-973-6600