19 JULY 2011steelguru.com
Orbite to advance Cap Chat pilot plant to commercial production
Edited by : AL CIRCLE
1 min read
Montreal based Exploration Orbite has raised USD 57.5 million through a recently completed bought deal. Most of the net proceeds will be used to convert the company's Cap Chat pilot plant into a commercial facility producing ultra pure alumina.
Orbite's major holding is its Grande Vallee property in the Gaspe region, 32 kilometers northeast of Murdochville. The property has an identified aluminous clay deposit that grades 23% alumina. It will be mined by open pit methods.
Orbite's major holding is its Grande Vallee property in the Gaspe region, 32 kilometers northeast of Murdochville. The property has an identified aluminous clay deposit that grades 23% alumina. It will be mined by open pit methods.
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