Orbite Press Release
Orbite Aluminae receives financial contribution from Canada Economic Development
Edited by : AL CIRCLE
2 min read
Orbite Aluminae inc. ("Orbite" or the "Company") is pleased to announce it was granted a 4M$ non-interest bearing repayable financial contribution from Canada Economic Development for Québec regions. The announcement occurred at Orbite's technology development center in Laval, Québec, by the Honorable Denis Lebel, the Federal Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Québec.
"We are very thankful for the confidence and financial commitment provided by the Agency which will be dedicated to the purchase and installation of our alumina calcinator, a key element in our high purity alumina production facility" declared Glenn Kelly, Orbite's Chief Operating Officer and executive VP. "We are especially pleased that the announcement is taking place at our technology development centre where our state of the art technologies are developed and validated".
"The Government of Canada actively supports business projects like the one being carried out by Orbite Aluminae in order to ensure sustainable and job-creating growth. These investments in Cap-Chat will generate major positive social and economic benefits for the surrounding area as well as for the entire Gaspésie region," mentioned Minister Lebel in his speech.
The contribution is interest free, repayable in 10 consecutive equal semi-annual installments starting 24 months following completion of the HPA Facility and was awarded through Canada Economic Development's Québec Economic Development Program.
"We are very thankful for the confidence and financial commitment provided by the Agency which will be dedicated to the purchase and installation of our alumina calcinator, a key element in our high purity alumina production facility" declared Glenn Kelly, Orbite's Chief Operating Officer and executive VP. "We are especially pleased that the announcement is taking place at our technology development centre where our state of the art technologies are developed and validated".
"The Government of Canada actively supports business projects like the one being carried out by Orbite Aluminae in order to ensure sustainable and job-creating growth. These investments in Cap-Chat will generate major positive social and economic benefits for the surrounding area as well as for the entire Gaspésie region," mentioned Minister Lebel in his speech.
The contribution is interest free, repayable in 10 consecutive equal semi-annual installments starting 24 months following completion of the HPA Facility and was awarded through Canada Economic Development's Québec Economic Development Program.
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