MONTREAL, Sept. 10, 2012 /PRNewswire/ -- Orbite
Aluminae Inc. (TSX: ORT) (OTCQX: EORBF) ("Orbite" or the
"Company"), a leading provider of clean technology and developer of
breakthrough alternative solutions for the alumina production
industry, today announced that the Company will begin trading on
the OTCQX International. Effective Monday, September 10, 2012, Orbite will trade on
the OTCQX® under the symbol "EORBF."
By listing on the OTCQX, the world's largest electronic
marketplace for broker-dealers to trade over-the-counter ("OTC")
stocks and the OTC market's most prestigious tier, Orbite is
increasing accessibility, gaining exposure, and providing even
greater liquidity to investors in the
United States.
"We are confident that trading on the OTCQX will enhance and
extend Orbite's visibility as the Company continues to progress,"
said Richard Boudreault, President
and CEO of Orbite Aluminae. "Our ability to significantly expand
access to growing demand for alumina by providing producers with a
more cost-effective and environmentally friendly extraction
technology presents a very strong investment opportunity, which
will now be available in the United
States through our presence on the OTCQX."
OTC Markets Group, headquartered in New York City, provides price and liquidity
information through its platforms to more than 160 broker-dealers
for almost 10,000 OTC securities across three categories: OTCQX,
OTCQB, and OTC Pink.
U.S.-based investors will be able to find current financial
disclosures and Real-Time Level 2 quotes for Orbite at
www.otcqx.com and www.otcmarkets.com.
About Orbite
Orbite Aluminae Inc. is a Canadian clean tech company whose
innovative technologies are setting the new standard for alumina
production. Orbite technologies enable
environmentally-neutral extraction of smelter-grade alumina (SGA),
high-purity alumina (HPA) and high-value elements, including rare
earths and rare metals, from a variety of sources such as aluminous
clay and bauxite, without generating the toxic red mud residue that
the traditional Bayer process produces. The Company owns ten
different families of intellectual property rights (and patents
pending) filed across the world for the extraction of alumina at
the highest standards of sustainability. Orbite also owns
exclusive mining rights over a total of 60,984 hectares, including
the 6,665-hectare Grande-Vallee
property, the site of an aluminous clay deposit in Quebec, Canada. An NI 43-101 compliant
report dated May 30, 2012 identified
over 1 billion tonnes of aluminous clay in part of this deposit.
Orbite is currently converting its 2,600 m2 pilot plant
in Cap-Chat, Quebec, Canada, into
a full-scale high-purity alumina production facility, and expects
this plant to be fully operational in early 2013. The Company
also anticipates the launch of construction of its first SGA plant
towards the end of 2013. Orbite plans to offer SGA and HPA
products and to license its low processing cost technologies to
well-qualified producers who want to reduce their environmental
footprint. Orbite has recently entered into partnerships with the
world's largest aluminum producer, UC Rusal.
Forward-looking statements
Certain information contained in this document may include
"forward-looking information". Without limiting the foregoing, the
information and any forward-looking information may include
statements regarding projects, costs, objectives and future returns
of the Company or hypotheses underlying these items. In this
document, words such as "may", "would", "could", "will", "likely",
"believe", "expect", "anticipate", "intend", "plan", "estimate" and
similar words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should not
be read as guarantees of future performance or results, and will
not necessarily be accurate indications of whether, or the times at
or by which, such future performance will be achieved.
Forward-looking statements and information are based on information
available at the time and/or the Company management's good-faith
beliefs with respect to future events and are subject to known or
unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond the Company's control. These
risks uncertainties and assumptions include, but are not limited
to, those described in the section of the Management's Discussion
and Analysis (MD&A) entitled "Risk and Uncertainties" as filed
on March 22, 2012 on SEDAR, and could
cause actual events or results to differ materially from those
projected in any forward-looking statements. The Company does not
intend, nor does it undertake, any obligation to update or revise
any forward-looking information or statements contained in this
document to reflect subsequent information, events or circumstances
or otherwise, except as required by applicable laws.
SOURCE Orbite Aluminae Inc.
