Market Watch
Orbite Changes its Name to Orbite Aluminae and Confirms Trading Date on the Toronto Stock Exchange
Edited by : AL CIRCLE
1 min read
Exploration Orbite VSPA Inc.is pleased to announce that effective at the open of markets on October 17, 2011, the Company will be re-named "Orbite Aluminae Inc.". The name change will not impact the Company's organizational structure or day-to-day operations.
"The new name Orbite Aluminae reflects more accurately Orbite's current activities as an alumina extraction company," said Richard Boudreault, President and CEO.
Orbite owns 100% of the mining rights on approximately 6,400 hectares of a Grande-Vallee property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallee, and a 28,000 sq. ft. full scale redundant line pilot plant in Cap Chat, in the Gaspe region.
The NI 43-101 report issued in August 2011 has identified an Indicated Resource of about 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries.
"The new name Orbite Aluminae reflects more accurately Orbite's current activities as an alumina extraction company," said Richard Boudreault, President and CEO.
Orbite owns 100% of the mining rights on approximately 6,400 hectares of a Grande-Vallee property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallee, and a 28,000 sq. ft. full scale redundant line pilot plant in Cap Chat, in the Gaspe region.
The NI 43-101 report issued in August 2011 has identified an Indicated Resource of about 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries.
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