Orbite Aluminae Inc.

September 09, 2009 08:54 ET

RETRANSMISSION: Orbite Announces That it Will Install its Pilot Plant at Cap-Chat

MONTREAL, QUEBEC--(Marketwire - Sept. 9, 2009) - Exploration Orbite V.S.P.A. Inc. (TSX VENTURE:ORT.A) announced that it has signed an offer to purchase to acquire the former Alpha Quartz Systems plant located at Cap-Chat in order to install its pilot plant for transformation of aluminous clay into alumina.

The building was constructed in 2005 following investments of several million dollars. The plant is located in the industrial park at Cap-Chat, at 80 Louis Landry Street, and occupies an area of 2345 square meters.

The total consideration of this offer to purchase is $325,000, of which $292,500 will come from a future financing. In addition to the usual conditions, the offer to purchase is conditional on the conclusion of a round of financing for Orbite amounting to $2 million by November 2009.

"After evaluating 3 sites, we have come to the conclusion that the former Alpha Quartz Systems plant represents a unique opportunity and constitutes the best financial and technical alternative for the installation of our pilot plant", says Richard Boudreault, President of Orbite. "This is a great day not only for the municipality of Cap-Chat, but for the entire Gaspe region. If the pilot plant is the success we hope it will be, Orbite intends to pursue its efforts in the field of metallurgical and specialized alumina, which could translate into major investments near the Grande-Vallee deposit. All that remains is for us to complete the private financing required and we will be able to begin work, and in our own facilities" Boudreault concludes.

"This is an exceptional site! Once the tests are completed, we plan to implement a facility that can process 500 tons per day in order to serve the global market" states Dr. Joel Fournier, Vice President of Technologies at Orbite.

About Orbite

Exploration Orbite V.S.P.A. Inc. owns 100% of the mining rights on the Grande-Vallee property, the site of an aluminous clay deposit composed of more than 62 cells covering 3,457.25 hectares, and located 32 km northeast of Murdochville in the Gaspe. The company also owns the rights to a process for extracting alumina from aluminous clays, a process that is the subject of a pending international patent.

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