MONTREAL, Sept. 24, 2012 /PRNewswire/ -- Orbite
Aluminae (TSX: ORT / OTCQX : EORBF) (the "Company" or
"Orbite") is pleased to announce that it has been added to
two new indices by the Canadian Index Services division of Standard
& Poor's, one of the world's leading index providers. In
addition, the Company announced that it has selected Stanton Public
Relations & Marketing and Darrow Associates Inc. to conduct
investor relations and coordinated communication to the U.S.
markets following the Company's listing on the OTCQX market.
Indices
Orbite has been added to two additional indices of financial
ratings firm Standard & Poor's (S&P). S&P/TSX Canadian
Indices added the Company's shares to the SmallCap Index and the
Clean Technology Index on September 14,
2012, which will be in effect September 24, 2012. Orbite is already included on
the S&P/TSX Global Mining Index and the Global Base Metals
indices.
Stanton PRM
Stanton Public Relations & Marketing is a full-service
agency with deep experience across a variety of industries, and
specialty experience in financial services, private capital and
asset management, technology, B-to-B and professional services,
education, and media and marketing services. Additional information
on the firm is available at www.stantonprm.com.
Darrow Associates
Darrow Associates is a boutique investor relations and financial
communications consultancy based in New
York that serves the needs of select small-capitalization
companies. Darrow Associates has significant experience
consulting for companies within the technology, telecommunications,
media, business services, alternative energy, healthcare,
industrial, and aerospace & defense markets. Additional
information on the firm is available at www.darrowir.com.
About Orbite
Orbite Aluminae Inc. is a Canadian cleantech 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 eleven
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,
Reviewed Preliminary Economic Assessment, 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 by the first quarter of 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