21 SEPTEMBER 2011MINING.com
Orbite anticipates achieving principal objectives for 2011&2012
Edited by : AL CIRCLE
1 min read
Orbite is pleased to confirm that its operations are progressing in accordance with the anticipated timeline and that it anticipates achieving its principal objectives projected for 2011 and 2012.
These objectives include migration of its listing to the TSX Exchange, advancing its patented process in order to produce standard grade and high purity alumina in consistent qualities within specific operational parameters, upgrade of its high purity alumina pilot plant and the completion of a feasibility study. “We are pleased with the progress achieved during recent months, which enables us to comply with projected objectives and timelines”, said Richard Boudreault, President and CEO of the Company.
The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous clays for which other international patents are also pending. The Company has cash assets of more than $71 million.
These objectives include migration of its listing to the TSX Exchange, advancing its patented process in order to produce standard grade and high purity alumina in consistent qualities within specific operational parameters, upgrade of its high purity alumina pilot plant and the completion of a feasibility study. “We are pleased with the progress achieved during recent months, which enables us to comply with projected objectives and timelines”, said Richard Boudreault, President and CEO of the Company.
The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous clays for which other international patents are also pending. The Company has cash assets of more than $71 million.
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