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ORT.to Orbite Aluminae C$2.14



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By Bobwins

Posted: Thursday Feb 28 7:49:30AM 2013

Orbite's been getting battered lately.  Down steeply in the past week.  I bought 1,000 shares at 1.71 and 1.81 yesterday.  Shorts must be covering today.  Big bounce back.  Currently +.22 to 1.93.  

 

Orbite has disruptive technology that should convert the alumina industry worldwide.  They have years of remedial work on the red mud stockpiled beside every aluminum plant in the world plus the rare earth extraction capability that should lower costs in that industry as well.

I think Orbite is a big multi bagger but it will take years to develop all the potential.  Good one to buy and hold.

 


By Bobwins

Posted: Tuesday Jan 22 4:44:52PM 2013

This announcement is a very positive event for Orbite.  The production of the first tonne of HPA significantly derisks the whole process.  Perhaps more important, the acid regeneration circuit appears to be working better than planned.

They still have several more months before they announce actual revs but this is an impressive start. Hopefully as each step of the production process is fine tuned and Orbite generates real revs from real customers, the stock market will rerate the stock for it's huge potential.   

 

 

MONTREAL, QUEBEC--(Marketwire - Jan 22, 2013) -

Editors'' Note: There is a photo associated with this press release.

Orbite Aluminae Inc. (ORT.TO)(EORBF) ("Orbite" or the "Company") is pleased to announce that it successfully produced its first tonne of high-purity alumina (HPA) during the last week of December 2012 and early January 2013 as part of the initial commissioning and testing activities at its commercial-scale HPA production plant in Cap-Chat, Quebec. HPA samples were independently tested by EAG confirming that an initial purity of greater than 4N (4N+) was achieved during this initial production period. Further commissioning activities -- and optimization of the purity towards 5N and greater -- are expected to take up to two months to complete and are proceeding according to schedule.

"This is a great moment for Orbite. The initial production demonstrates the Company''s ability to design, build, and operate a commercial alumina facility on-time and on-spec using its unique patented technology," said Richard Boudreault, President and CEO of Orbite Aluminae. "Given that the ground breaking for the HPA plant was barely more than six months ago, our ability to make so much progress in this very short timeframe only highlights the simplicity and robustness of our innovative process."

"We are also very pleased to have commissioned the acid regeneration circuit, achieving acid recovery rates during HPA calcination of over 99.99 percent, as independently measured by CMI-UVK, which is superior to the 99.75% that was expected and is equivalent to 25x less acid loss than anticipated," said Denis Primeau, Eng., Chief Engineer of Orbite Aluminae. "All of which further demonstrates the viability of using our proprietary process to produce smelter-grade alumina (SGA) at our proposed SGA plant."

Boudreault added that he wanted to thank all of Orbite''s employees and suppliers for their hard work during the past six months to build and commence production at the Cap Chat facility, and in particular those who worked through the holidays to reach this important milestone toward becoming a leading HPA provider.

Commissioning

The start of commissioning was announced on December 18, 2012. Operational results achieved at the Cap-Chat HPA plant are in line with or exceed initial expectations based on operation of the pilot plant and the HPA mini-pilot at Orbite''s laboratory in Laval, Quebec. Non-commercial production of HPA will continue throughout commissioning at a rate of less than one tonne per day. The first HPA samples for customers in Europe, America and Asia will be shipped as the material becomes available throughout the first quarter of 2013.

Following the installation of additional calcination equipment, the production capacity is expected to gradually increase to three tonnes per day by mid-2013 and to five tonnes per day by the end of 2013. A portion of the equipment in the plant has already been provisioned to a capacity of five tonnes per day. This ramp-up schedule could potentially be modified if initial customer demand exceeds expectations.

The process used by Orbite to produce HPA is unique and patented. It differs significantly from the rest of the HPA industry and is expected to produce higher purities at lower production costs than existing producers.

Orbite anticipates that it will start commercial production at the beginning of the second quarter of 2013, with plans to offer HPA powder and HPA granules ranging from 4N to an eventual 6N (99.9999%) purity. Orbite also anticipates the production of gallium and scandium once a recovery circuit is completed in mid-2013.

Independent Verification

The independent laboratory Evans Analytical Group® (EAG) of Liverpool, NY, an industry leader in Glow Discharge Mass Spectrometry (GDMS), independently analyzed the HPA samples in their laboratory using GDMS. EAG regularly uses GDMS to help customers across a range of industries with R&D, quality control, and process monitoring and development.

CMI-UVK is an international industrial technology company with its global headquarters in Belgium with extensive expertise in chemical processes and acid regeneration plants. 

HPA Market Drivers

HPA is used principally for the production of industrial sapphires, which are used as substrates in the LED light industry as well as in displays for hand-held devices and televisions. These markets are expected to expand substantially over the next few years, and in particular the LED lighting industry due to numerous regulations phasing out the manufacture and sale of incandescent light bulbs in a variety of countries including Canada, the European Union, Australia, and China.

Commissioning and initial operation of the HPA plant is under the supervision of Denis Primeau, Eng., Orbite''s Chief Engineer, who is a Qualified Person (QP) as defined by National Instrument 43-101, and has reviewed and approved the technical content of this news release.

About Orbite

Orbite Aluminae Inc. is a Canadian cleantech company whose innovative technologies are setting the new standard for alumina production. Orbite technologies enable the low-cost and 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 producing any wastes such as the caustic red mud residue generated from the industry standard Bayer process. The Company owns 100% of fourteen 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 585 km2 including the 33.4 km2 Grande-Vallée property, the site of a homogeneous aluminous clay deposit in Quebec, Canada containing an NI 43-101 compliant Indicated Mineral Resource of 1.04 billion tonnes (see Reviewed Preliminary Economic Assessment, dated May 30, 2012 and ORT May 31, 2012 press release for a detailed breakdown of the resource). Orbite holds a mining lease on a portion of the deposit. Orbite is currently commissioning its 2,600 m2 high-purity alumina (HPA) plant in Cap-Chat, Quebec, Canada, which will become fully operational in the first quarter of 2013. Orbite plans to license its technologies to well-qualified alumina producers who want to reduce their environmental footprint. Orbite has signed memorandums of understanding with the world''s largest aluminum producer, UC RUSAL, and with a major Asian aluminum company. A series of white papers on the application of its technology for the production of alumina, remediation of red mud, and extraction of rare metals are available on our website: www.orbitealuminae.com/en/technology/white-paper.


By Bobwins

Posted: Wednesday Jan 2 8:10:14AM 2013

ORT.to  +.19 to C$2.64   HPA plant should be in operation soon and product should start to generate revs in the next couple of months.  Looking forward to Rusal finalizing JV agreement.  


By Bobwins

Posted: Tuesday Dec 18 6:11:11AM 2012

MONTREAL, QUEBEC--(Marketwire - Dec 18, 2012) - Orbite Aluminae Inc. (ORT.TO)(EORBF) ("Orbite" or the "Company") is pleased to announce, that construction activities at its first high-purity alumina (HPA) plant, located in Cap-Chat, Quebec, Canada, have mostly been completed and that all the critical equipment is in place. Plant pre-operational verification and the commissioning of many sections of the plant are progressing according to plan.

"Initiation of the commissioning is an important milestone for the high-purity alumina (HPA) plant. As a result, we expect to achieve initial production in the near term and commercial production, as planned, for the start of Q2 2013. Once in commercial operation, the HPA plant should effectively demonstrate the processes of the smelter-grade alumina (SGA) plant, which is currently in the Feasibility Study stage", stated Richard Boudreault, President and CEO of Orbite.

Orbite''s engineering team is following a detailed 720-step plan to complete pre-operational verification and commissioning. The initial production capacity is expected to gradually increase from less than 1 tonne per day of 4N to 6N HPA at the beginning of Q1 2013 to 3 tonnes per day by mid-2013 and to 5 tonnes per day by the end of 2013. Part of the equipment in the plant has already been provisioned to a production capacity of 5 tonnes per day. This ramp-up schedule could potentially be accelerated if initial customer demand exceeds expectations. 

High-purity alumina is used primarily to manufacture industrial sapphires, which can be used as substrates in LED lights, LED screens and integrated circuits. HPA is also used in automotive sensors and other applications. Orbite intends to focus principally on the market for 5N and 6N HPA, which is of higher value than the 4N market.

Orbite also anticipates the production of gallium and scandium oxides once a recovery circuit is completed in mid-2013.

Intellectual Property Insurance

Orbite is pleased to announce that it has obtained from Munich Re insurance coverage for its intellectual property, including its portfolio of patents, trade secrets and trademarks. In particular, this will protect against claims of infringement by third parties and reimburse litigation costs for actions initiated by Orbite against third parties infringing on its intellectual property. This coverage will allow Orbite to respond to any allegations of infringement and defend its intellectual property rights without creating a financial burden on the Company. Orbite currently has 14 families of intellectual property covering various aspects of its technology and has already received patent protection for the first IP family in Canada, the USA and Australia.

"This insurance will provide Orbite with additional strength against would-be infringers of our intellectual property around the globe thus resulting in increased shareholder value", stated Richard Boudreault.

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 caustic red mud residue that the Bayer process, traditionally used by the great majority of the industry, produces. The Company owns 100% of fourteen 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 585 km2 including the 33.4 km2 Grande-Vallée property, the site of a homogeneous aluminous clay deposit in Quebec, Canada containing an NI 43-101 compliant, Reviewed Preliminary Economic Assessment, dated May 30, 2012, Indicated Mineral Resource of 1.04 billion tonnes (see ORT May 31, 2012 press release for a detailed breakdown of the resource). Orbite holds a mining lease on a portion of the deposit. Orbite is currently converting its 2,600 m2pilot 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 initiation 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 signed memorandums of understanding with the world''s largest aluminum producer, UC RUSAL, and with a major Asian aluminum company. Orbite recently published a series of white papers on the potential markets for its technology for production of alumina, treatment of red mud, and extraction of rare metals. These are available on our website: www.orbitealuminae.com/en/technology/white-paper


By Bobwins

Posted: Friday Dec 7 1:34:01PM 2012

ORT.to/EORBF   -.12 to C$2.57   added a few more.  Waiting for the announcement of the HPA plant opening this month.  


By Bobwins

Posted: Wednesday Oct 31 12:29:46PM 2012

ORT.to/eorbf  +.29 to C$2.77   big bounce.  rumor that Rusal presented at a conference and said we have investigated all forms of alumina extraction and Orbite is the best.  Getting close to startup of HPA plant.  Then we will find out if Orbite is for real or not.  


By Bobwins

Posted: Monday Oct 22 10:38:32PM 2012

scandium and gallium will be produced at the HPA plant in 2013 rather than waiting for an SGA to be built.  Both are in high demand and command a high price.  Orbite could change the economics of both metals if it is able to produce in quantity.  Currently the total supply is very limited for both.  If Orbite can prove they can produce consistently, Scandium, in particular, could become a major component in an aluminum alloy that could replace titanium at much lower cost in jet aircraft.  

 

 

MONTREAL, Oct. 22, 2012 /PRNewswire/ -- Orbite Aluminae Inc. (TSX:ORT / OTCQX:EORBF) ("Orbite" or the "Company") today announced  it has reached an agreement with the firm M&K of St. Louis, Missouri (USA) for the engineering and construction of a separation plant capable of producing gallium oxide at a purity of 4N (99.99%) and scandium oxide at a purity of 2N or greater (99%+) from the acid recovery circuit of its HPA plant in Cap-Chat, Quebec. This addition represents a major advancement for Orbite's business plan, which had previously anticipated that the separation and production of these two oxides would begin with the Company's smelter-grade alumina (SGA) plant.  The separation facility, which had already been designed as part of the SGA plant, will now be integrated into the HPA design, thus advancing the production of gallium and scandium into 2013.

Yves Noel, Orbite's Chief Marketing Officer, commented, "We are receiving much more interest for immediate delivery of scandium and gallium than we had anticipated from the market.  As a result, we intend to capitalize on these opportunities to quickly establish ourselves as a key supplier of high purity and high value products."

Stan Meyer, co-founder of M&K, added, "The ability to separate and produce these two rare metal oxides at a high-purity level represents a smart, strategic move for Orbite. We are proud to assist in the integration of the rare earth separation plant design, first conceived for the SGA facility, into the HPA plant design. Combining Orbite's technology with our own expertise, we continue to build on our solid partnership, which is the best bet to ensure the project's success."

Construction of the HPA plant is still ahead of schedule, with commissioning expected to begin in the next few weeks and completion by the end of 2012. The civil engineering and infrastructure work is now more than 98% complete, while the electrical work is also ahead of the original construction timetable.

Changes in Orbite's R&D Team
Orbite also announces the departure of Dr. Joel Fournier, who until recently was involved with the research team at Orbite's laboratory located in Laval.  Dr. Hubert Dumont, the Technical Director of the research team, is assuming those responsibilities in assisting Richard Boudreault with Research & Development and Operations. M. Fournier will continue to advise Orbite on an ongoing basis should such assistance be required. 

"There is no doubt in my mind that Orbite's technology, which is avant-garde and revolutionary on many levels, already ensures the Company's imminent success. I have complete confidence in the abilities of the management team to achieve this and, in particular, would like to salute Richard Boudreault for his leadership, boldness and vision," stated Dr. Joel Fournier.

The research team at the laboratory in Laval, consisting of eight members, will continue to work under the continued direction of Dr. Hubert Dumont, who joined Orbite as the Technical Director in September 2011.  Dr. Dumont holds a Doctorate in Chemical Physics and has more than 15 years of experience in the industrial development of high-purity products and of separation and purification technologies related to the metallurgical, chemical, and pharmaceutical industries.

Orbite Invited to Brazil and Singapore
Important industry participants in the alumina and aluminum industry are recognizing more and more the impact that Orbite's clean technology will have on their activities.  In reflection of this, members of Orbite's engineering team together with members from Rusal UC have been invited to present at the 19th International Symposium of ICSOBA (the International Committee for Study of Bauxite, Alumina & Aluminium) October 30-31 in Brazil.  This is a key gathering of academics and market participants involved in the bauxite, alumina and aluminum industries.  In particular, Orbite will give two presentations at the conference – the first will review Orbite's technology and its applications ("The Orbite Process: an Integrated Acid-Based Technology for Extracting Alumina from Clay and Alternative Feedstock"), while the second discusses the economics of red mud remediation and the extraction of value-added materials contained therein ("Remediation of Red Mud Using an Innovative Approach: A World-First Totally Integrated Process"). ICSOBA is an independent non-profit organization representing professionals from the bauxite, alumina, and aluminum industries, as well as suppliers of technology, researchers, and consultants from around the world.

Separately, Orbite's Chief Marketing Officer, Yves Noel, will be in Singapore to attend the 2nd Asian Bauxite & Alumina Conference, held on October 31, where he will be introducing Orbite's technology to the participants as part of a forum entitled "The Orbite Process: Low-Cost, Eco-Friendly Red Mud-Free Alumina Production from a Variety of Ores."  This conference brings together key decision-makers from the bauxite and alumina industry.

About M&K
M&K Chemical Engineering Consultants, Inc. has over 75 plus highly trained engineers and designers, performing work in North and South America. M&K is a leader in the development of new technology in the chemical industry and offer our clients a full service engineering company. M&K's diversified business model is able to support all projects ranging from the simple heat exchanger replacement to the 500 million dollar plus new plant design and start-up.

About Orbite
Orbite Aluminae Inc. or "Orbite" (TSX: ORT; OTCQX: EORBF) is a Canadian company whose innovative and proprietary technology could have a significant impact on the aluminum industry. Our process allows for the environmentally sustainable production of smelter grade alumina (SGA) and high‐purity alumina (HPA) as well as of high‐purity high‐value by‐products —including rare earths — from locally sourced aluminous clay and other feedstocks that include bauxite, kaolin, nepheline, red mud and fly ash. Orbite plans to build and operate several SGA and HPA plants as well as license its technologies to well‐qualified producers aiming to reduce costs and their environmental footprint.  The Company owns the intellectual property rights to the patented and proprietary process for extracting alumina from aluminous ores in Canada, USA and Australia, and has other international patents pending. Orbite has exclusive mining rights on a total of 60,984 hectares in the Gaspe region of Quebec, including the 6,665 hectare Grande‐Vallee property, site of an aluminous clay deposit containing an NI 43‐101 compliant 1 billion tonnes Indicated Resource. Orbite's first HPA plant in Cap‐Chat, Quebec will be commissioned at year-end and is expected to increase production to approximately 1,800 tonnes of HPA per year by 2014. A series of white papers detailing the technology and potential applications to different markets are available on our website (www.orbitealuminae.com/en/technology/white‐paper).


By Bobwins

Posted: Wednesday Oct 10 9:20:41AM 2012

Nibbled on a few more shares at 2.65 but it still keeps going down.  All the news is positive so not sure who is selling.  Reports of big short position but not sure what they know or think they know.  December startup is not that far away so will hold tight until early next year to see if they can get the plant running at projected rates and sell the resulting High Purity Alumina.  By mid year, they should also process some rare earth ores and see if that works.  


By Bobwins

Posted: Thursday Oct 4 8:54:33AM 2012

All positive news stories lately for Orbite but stock rallied hard and is now slumping hard.  

 

I bought a couple thousand trading shares today at 2.78.  I will try to sell on the next bounce up.  Oops, going the wrong way!


By Bobwins

Posted: Tuesday Oct 2 9:24:23PM 2012

Orbite Aluminae Inc. is a high flying Quebec-based junior miner hoping to strike it rich extracting alumina and rare earth elements from a vast deposit of mineral-rich clays in the Gaspé region.

If the technology works as hoped, Orbite could offer a low cost and environmentally superior alternative to bauxite, the current source of the world’s supply of alumina, which is smelted into aluminum. The technology could also be adapted to produce extremely pure, high-grade alumina needed for such applications as LED lights and computer screens.

Excitement over Orbite’s prospects has propelled the stock from as little as 14 cents a share in mid-2010 to around $3.10 now. The shares had a pop Tuesday, following the company’s announcement that it has designed a breakthrough that would chop 30 per cent from fossil fuel needs in its extraction process.

The soaring share price gives the fledgling company a market capitalization of more than $500-million, even though as a development-stage enterprise it has yet to report a profit and has only run demonstration projects up to now. An initial commercial-scale extraction plant – for producing high purity alumina – is under construction and expected to be running next year.

Most analysts are bullish. There are five buy recommendations on the stock, with price targets ranging from $8 to $15. The lone and doubting bear, Jonathan Hykawy of Byron Capital Markets, thinks the stock is only worth 90 cents at best, and rates it a sell.

In recent reports to clients, Mr. Hykawy has indicated he’s skeptical of claims Orbite has a breakthrough that is economically viable. In addition, it faces the daunting task of raising $500-million for the second major project it is proposing, a commercial-sized plant to produce smelter grade alumina for use at Quebec’s aluminum plants.

“We’re not sure in this environment that financing is going to be found easily, especially for the aluminum industry given that it’s over saturated and prices are in the dumper,” commented Mr. Hykawy, who tracks clean technology stocks at Byron.

After reviewing Orbite’s plans, Mr. Hykawy also contends it may experience difficulties dealing with some of the processes involving acids at its smelter-grade alumina plant.

As the only analyst holding negative views on the stock, Mr. Hykawy is taking some lumps. Orbite CEO Richard Boudreault said in an interview that Mr. Hykawy “doesn’t know anything,” when asked for comment on his claims that the technology may not work as well as the company expects.

Orbite has some high profile shareholders who are betting on the company’s breakthrough, including Sprott Asset Management and AGF Investments.

Orbite is hoping a deal with UC Rusal, the world’s largest aluminum producer, will help boost its credibility on Bay Street. In March, the two companies announced a memorandum of agreement to study a joint venture to develop its alumina-bearing clay deposit, but haven’t yet come to a binding deal.

“We’re still talking with them and we should be arriving at some conclusion very soon,” Mr. Boudreault says.

Earlier this year, Orbite announced the end of a 2009 cooperation agreement with Aluminerie Alouette, a consortium including Rio Tinto Alcan that owns a smelter in Sept Îles. Aluminerie converted a $1-million loan into Orbite stock.

Mr. Boudreault downplayed the end of the agreement, saying Aluminerie had undertaken its investment as part of a job-creation program required to reach employment targets needed to obtain cheap electricity rates in the province. Aluminerie didn’t return requests for comment.

Mr. Boudreault says the company’s process should be able to produce smelter grade alumina for about $170 a tonne, leaving a large profit margin given that world prices range between $315 and $325 a tonne.

Investors won’t have too long to wait to see whether Orbite can start delivering. Its high purity alumina plant, the one that would meet demand from the LED industry, should be cranking out product next year.

Mr. Boudreault said the company doesn’t have sales agreements for its output yet, but is negotiating with buyers he characterized as “household brands.” Mr. Boudreault expects the new plant to generate sales of $50-million to $100-million. “It should be profitable,” he said.

 


Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=ort&t=LIST&m=31612367&l=0&pd=1&r=0#k6MTQXeHrTYSBQHj.99 


By Bobwins

Posted: Tuesday Oct 2 9:01:03AM 2012

ORT.to  +.09 to C$3.08

 

fuel costs was a concern but Orbite claims to have reduced a major cost component in their SGA plants.  Still theoretical but obviously a good step forward.  

 

Orbite Announces Major Achievements And Final Design of Smelter Grade Alumina (SGA) Plant

Montreal, Quebec. October 2, 2012 – Orbite Aluminae Inc. (TSX:ORT / OTCQX:EORBF) (the “Company” or “Orbite”) is pleased to announce major technical achievements and the final design of the smelter-grade alumina (SGA) plant.  With the support of M&K, a North American leader in chemical process design, Orbite successfully modified the SGA plant design by incorporating the best practices from the chemical industry and expanding the breadth of its innovative processes, resulting in a significant reduction in the consumption of fossil fuels by at least 30%, and of water by at least 60%.   These advancements should lead to a major reduction in the number of operational units required in various aspects of the SGA plant, and provide the basis for a decrease of the estimated operating and capital costs.  The final design of the SGA plant is expected to ensure the consistent production of high-quality smelter-grade alumina, while improving Orbite’s position as a low-cost producer and leader for clean technologies for the alumina industry.

“These advancements represent a major achievement for Orbite,” said Richard Boudreault, Orbite’s President and CEO. “By simplifying and optimizing the SGA plant design, we succeeded in our goal of reducing our dependence on fossil fuels while significantly improving the plant economics. This consolidates our position as one of the lowest-cost and environmentally-friendly producers of alumina and its by-products.”

As part of the final design of the SGA plant, Orbite developed and incorporated a new proprietary calcination technique using circulating fluid beds that operate at lower temperatures and enable the heat generated from calcination to be reused in the hydrochloric acid regeneration system, thereby, reducing fossil fuel consumption by at least 30%.  The final design also reflects important changes to the acid leaching and acid recovery/regeneration systems.  Water consumption has been reduced by 60%, resulting in lower volumes of acid solution.  These lower volumes automatically reduce the number of separation/crystallization and acid regeneration units required, as well as the number of units required for the individual extraction of by-products. These design improvements are anticipated to have a considerable impact on the plant economics since alumina calcination represented 55% of fossil fuel costs, which in turn represented 60% of all SGA operating costs.  The SGA operating cost savings are estimated to be in the order of 20% relative to the PEA (Orbite’s Revised Preliminary Economic Assessment dated May 30, 2012.  According to Canadian 43-101 regulations, mineral resources that are not mineral reserves do not have demonstrated economic viability).

The SGA plant Feasibility Study, which has now entered the detailed engineering and sub-system integration phase, will be modified to incorporate the final design of the SGA plant, and is now anticipated to be completed during the first half of 2013.  Construction of the first phase of the first SGA plant is still anticipated to begin in 2013 with completion by late 2014.

 “Orbite’s unique patented technology has reached another milestone”, said Denis Primeau, Orbite’s Chief Engineer. “The final design of the SGA plant is now set and brings us one step closer to construction.  As anticipated, the integration of previously separate subsystems, as part of the optimization process, and the inclusion of innovations from the chemical industry yielded important synergies.  The key drivers were substantial reductions in the quantity of water and energy consumption, both critical factors for chemical processes and improves our environmental footprint.  By utilizing circulating fluid beds, our proprietary calcination technique will differ completely from the rest of the alumina industry and will enable our plants to meet and exceed the industry standard for smelter grade alumina.  Our ability to innovate technologically while improving the economics of our process through the integration of best practices from the chemical industry has been truly remarkable.”

“For M&K, it is obvious that the Orbite process, which we are tasked with integrating as part of the Feasibility Study, has not only been demonstrated using commercially available equipment but also represents the first viable alternative to the Bayer process for the production of smelter grade alumina”, added Stanley Myer, M&K’s co-founder.  “The final design of the SGA plant was established by M&K with Orbite’s engineering team and we have validated the improvements cited today. Since it was established, M&K has always been involved in major chemical process projects such as that of Orbite’s.  As such, all of the equipment, products and by-products under consideration by Orbite are within the realm and expertise of our company.”

The technical content in this press release has been reviewed and approved by Denis Primeau, Eng., a “qualified person” pursuant to National Instrument 43-101 – Standards of Disclosure of Mineral Projects (NI 43-101). Mr. Primeau is the Chief Engineer of Orbite, and as such, is not independent pursuant to NI 43-101.

-30-

About M&K

M&K Chemical Engineering Consultants, Inc. has over 75 plus highly trained engineers and designers, performing work in North and South America. M&K is a leader in the development of new technology in the chemical industry and offer our clients a full service engineering company. M&K’s diversified business model is able to support all projects ranging from the simple heat exchanger replacement to the 500 million dollar plus new plant design and start-up.www.mandkengineering.com

About Orbite

Orbite Aluminae Inc. or “Orbite” (TSX:ORT; OTCQX: EORBF) is a Canadian cleantech company whose unique technology could have a significant impact on the aluminum industry. Our innovative process allows for the environmentally sustainable production of smelter grade alumina, high-purity alumina and high-quality high-value by-products —including rare earths—from locally sourced aluminous clay and other feedstocks including bauxite, kaolin, nepheline, red mud and fly ash.  Orbite plans to operate several smelter grade alumina (SGA) and high-purity alumina (HPA) plants as well as license its technologies to well-qualified producers aiming to reduce their costs and environmental footprint. 

The Company owns the intellectual property rights to the patented and proprietary process for extracting alumina from aluminous ores in Canada, USA and Australia, and for which other international patents are also pending for our eleven different families of intellectual property rights.  Our process is environmentally friendly and does not produce any red mud.  The process extracts and recovers all constituent elements of the feedstocks, thereby producing high-quality alumina and other high-value by-products.  The process is enabled by recent innovations in industrial technology and chemical process design that were previously unavailable or unknown to the alumina industry.  Orbite built and operated a commercial-scale pilot plant that succeeded in producing commercial samples of smelter grade alumina as well as high-purity alumina and rare earths.

Orbite has exclusive mining rights on over a total of 60,984 hectares in the Gaspe region of Quebec, including the 6,665 hectare Grande-Vallée property, site of an aluminous clay deposit containing an NI 43-101 compliant 1 billion tonnes Indicated Resource sufficient to satisfy a half-century of the total Canadian alumina imports (mineral resources that are not mineral reserves do not have demonstrated economic viability).  Orbite’s first High-Purity Alumina (HPA) plant in Cap-Chat, Quebec is currently under construction and due to begin production by year-end at an initial production capacity of 1 tpd increasing to 3 tpd in 2013 and to 5 tpd by 2014.  The Feasibility Study for Orbite’s first SGA plant has advanced to the detailed engineering phase.  An NI 43-101 Revised Technical report, “Preliminary Economic Assessment on Orbite Aluminae Inc. Metallurgical Grade Alumina Project” dated May 30, 2012 is available on SEDAR (www.sedar.com).  Orbite has signed a memorandum of understanding with the world’s largest aluminum producer, UC Rusal, for participation in the first phase of the first SGA plant. 

Orbite has published a series of white papers on the potential markets for its technology including the production of alumina and extraction of rare metals from multiple feedstocks which are available on our website (www.orbitealuminae.com/en/technology/white-paper).
 

By Bobwins

Posted: Friday Sep 21 8:19:28PM 2012

Yes!  Went fishing for a week and came back to find Ort.to up BIG!  

+.57 to C$3.32 since last Friday 9/14.  


By Bobwins

Posted: Thursday Sep 13 12:38:37PM 2012

stockhouse poster found this story about Putin's goals for APEC meeting.  See mention of Orbite towards the bottom!  Rusal JV may be inked already!  

 

Putin to hold 15 bilateral meetings within APEC summit
08:55 07/09/2012
 

VLADIVOSTOK, September 7 (Itar-Tass) — Russian President Vladimir Putin intends to hold 15 bilateral meetings with his counterparts from other countries during the Asia-Pacific Economic Cooperation (APEC) forum’s summit on September 7-9. Presidential aide Yuri Ushakov said that these are coordinated and planned talks, but in the course of the work at the forum Putin may have also other contacts with the heads of foreign delegations.

Thus, the Russian president is expected to hold separate talks with Chinese President Hu Jintao, Japanese Prime Minister Yoshihiro Noda, US Secretary of State Hillary Clinton and head of the International Monetary Fund (IMF) Christine Lagarde.

Putin also intends to have conversation with a number of leaders from South-East Asia, mainly on economic matters. For instance, with Vietnamese President Truong Tan Sang he is going to raise the issue of the possibility of starting negotiations on a free trade agreement between the Customs Union member states and Vietnam, which would strengthen the position of Russia and Vietnam in the integration processes that are gaining momentum in the Asia-Pacific region. The conversations will also focus on cooperation in the oil and natural gas sphere, in hydropower and thermal power engineering, as well as in the banking, machine building, telecommunications, transportation, mining and metals industries.

Bilateral trade and cooperation in science and technology and the promotion of new forms of cooperation will dominate Putin’s talks with President Susilo Bambang Yudhoyono of Indonesia “in the light of the two countries’ course at the modernization of their economies and assimilation of innovative technologies,” Yuri Ushakov said.

“Also, Putin and Yudhoyono will discuss the current situation around the implementation of large-scale bilateral projects,” he said. “Considering the handover of APEC’s rotating presidency, now held by Russia, to Indonesia in 2013 the two presidents will take up the issues related to the continuity of steering the forum’s work.”

Expansion of bilateral trade and, on top of that, the cultural and humanitarian relations will be the central issues at Putin’s talks with Malaysian Prime Minister Najib Tun Razak. The two men will have an overview of the new tasks for and the areas of variegated bilateral cooperation that embraces the aerospace industry and innovative spheres, among others.

The agenda of the Russian-South Korean meeting will not confine to the economic issues. Along with the diversification of the trade turnover and a build-up of the inflow of South Korean investment in Russia, Putin and President Lee Myung-bak will discuss the further cooperative steps that the Russian and South Korean companies can make in the build-up of South Korean investment in Russia, in car manufacturing and in the energy sector.

Close attention will be given to other aspects of the situation on the Korean Peninsula, the ways of settling the problems of the North Korean nuclear program, and the prospects for resumption of the six-partite talks on the nuclear-free status of the Korean Peninsula.

“Implementation of trilateral projects embracing South Korea, North Korea and Russia, including the linkup of the Korean railway lines and Russia’s Trans-Siberian railroad, as well as the transits of natural gas and electric power to South Korea via the territory of North Korea will also occupy and important place at the talks,” Ushakov said.

The agenda of Putin’s meeting with Prime Minister Lee Hsien Loong of Singapore will mostly focus on investments, ties in the field of high technologies and research, education/culture, healthcare, sports, and tourism, and promotion of ties between the Russian and Singapore business quarters.

According to Yuri Ushakov, Putin plans raising a similar spectrum of issues at the talks with Thailand’s Prime Minister Yinglak Chinnawat and New Zealand’s Prime Minister John Key.

Putin is also expected to meet with leaders of a number of countries located in the Western hemisphere. One of them is the Canadian Prime Minister Stephen Harper, who will discuss with him a purchase of a 30% share in the new oil fields in Alberta Province by Russian oil companies and strategic cooperation between the corporations Rosneft and ExxonMobil, as well as a recent agreement between the Russian non-ferrous metals producer RUSAL and the Canadian company Orbit Aluminum, which plan building a joint factory to produce alumina.

The Russian president also intends to hold meetings with the presidents of Peru and Chile at which the parties will focus on the development of bilateral trade and economic ties.

In addition, Putin will hold a conversation with Sultan of Brunei Hassanal Bolkiah Darussalam. “During the talks the sides will have an exchange of views on important issues of the bilateral and international agenda,” Ushakov said.

 


By Bobwins

Posted: Thursday Sep 13 8:54:37AM 2012

ORT.to  +.09 to C$2.48  

MONTREAL, Sept. 13, 2012 /PRNewswire/ -- Orbite Aluminae Inc. (ORT.TO) (EORBF) ("Orbite" or the "Company"), a leading provider of clean technology and developer of breakthrough alternative solutions for the alumina production industry, today announced it will begin producing high-purity alumina (HPA) in the first quarter of 2013 at its plant in Cap-Chat Quebec.

Orbite is expected to be the only North American company producing a 5N (99.999%) purity level of alumina, which is a rapidly growing market driven by increasing demand for LED lighting and products – applications that already represent nearly half of the overall market for HPA.  By 2015, LED usage is expected to account for about 60 percent of the total HPA market partially due to legislation mandating a shift from incandescent and CFL (compact florescent) to LED lighting. 

"Global demand for high-purity alumina is quickly exceeding the available supply," said Richard Boudreault, President and CEO of Orbite Aluminae. "Orbite should help address this deficit, which is critical to a range of industries, and is well positioned to be a strategic alternative to the Asian producers who've largely dominated and controlled the market."

Boudreault noted that another key market factor is the quality of the metal. "As technological applications continue to develop and advance, they require alumina that has a higher rate of purity, which is why our laboratory is also working hard to develop a 6N (or 99.9999%) purity level before the Company's HPA commercial plant is in service. The HPA plant, expected in operation early next year, will also enable the production of Rare Earth Elements," he commented.

In addition to LED products, high-purity alumina is also used in the production of semiconductors, phosphor products (e.g. plasma screens), lithium-ion batteries, and automotive sensors.  According to Orbite, these are all business segments with substantial growth opportunity lies as demand increases, especially in emerging markets.

High-Purity Alumina (HPA) – Market Potential and Orbite's Competitive Advantages(http://www.orbitealuminae.com/media/upload/filings/HPA_VERSION_0.pdf), which is a research-based analysis by the consulting firm SECOR, details the current state of the HPA market and the opportunities that Orbite offers to prospective customers through its new production capacity.

Lower Costs, Environmentally-Neutral Extraction, and New Applications
Orbite's technology will allow for the extraction of alumina from a wide range of source materials such as argillite, bauxite, and fly ash at significantly lower costs and without generating a single ounce of the toxic red mud pollutant that the traditional Bayer process produces. Additionally, the process can extract alumina from red mud residue, and will also be applied for the first time to aluminous clay. In fact, Orbite's clay deposits in the Gaspe region of Quebec will be the primary source material for the production of 5N alumina.

Orbite refined its first commercial samples of 5N purity alumina – produced in its HPA pilot plant – at its laboratory located in Laval, Quebec, which were then sent to potential customers selected according to their alumina needs and their potential for strategic partnerships with the Company as it moves toward commercializing its technologies and activities.

The technical content of this press release has been reviewed and approved by Marc Filion, a qualified person under the terms of National Instrument 43-101 Respecting Standards of Disclosure for Mineral Projects (Quebec). Mr. Filion is a consultant of Orbite, and as such, is not independent pursuant to NI 43-101.

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.


By Bobwins

Posted: Wednesday Aug 29 7:41:08PM 2012

Bought some more Orbite today at C$2.09.  Orbite is sliding again.  December seems very close compared to most mine construction jobs.  If Orbite performs up to their own promises, this should be a rocket ride in 2013.  


By Bobwins

Posted: Tuesday Aug 21 9:58:54PM 2012

Orbite discussed on BNN

 

http://watch.bnn.ca/market-callugust-2012/market-call-august-21-2012/#clip744207


By Bobwins

Posted: Wednesday Aug 8 7:16:33AM 2012

C$2.02

 

Reports: China moves to further restrict rare-earth exports

Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co unveils bourse as China says it will cut rare-earth supply by 20 per cent

By BusinessGreen staff

08 Aug 2012

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China has today launched the world's first exchange for rare-earth metals, at the same time as revealing plans to cut supplies of rare minerals by 20 per cent.

The government said the restrictions, which follow a series of moves to curb the supply of rare earths and metals, are necessary to raise environmental standards across the mining sector and protect limited resources. 

However, the news is likely to raise fresh concerns in the US and Europe that China is restricting exports of metals that are crucial to a wide range of electronic and clean technologies, including wind turbines, solar panels and hybrid cars.

US officials last month said they were "deeply troubled" by China's attempts to restrict exports of rare earths.

China controls around 95 per cent of the world's rare-earth production, but officials insisted that curbing suppliers by a fifth will be necessary after the government closed a series of mines and smelting facilities which failed to meet new environmental standards.

Chinese officials told China Daily it would shut one third of its 23 mines and half of the 99 smelting companies. The Ministry of Industry and Information Technology said it was keen to improve environmental conditions and help consolidate the industry.

Meanwhile, local media reports revealed 10 major Chinese rare-earth producers, including the country's largest producer, the Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co, have launched a new trading platform for rare minerals.

The exchange will be located in Baotou, a city in Inner Mongolia, which supplies the majority of China's rare-earth supply for 17 metals, including dysprosium, neodymium, terbium, europium and yttrium.

The announcement coincides with the start of a rare-earth industry conference in Baotou today, and is likely to help strengthen China's pricing power for the resources.

In related news, Canadian firm Orbite Aluminae today announced it has successfully extracted the first North American commercial samples of heavy rare-earth oxides and scandium in Quebec.

The news paves the way for Orbite to become the first North American commercial producer of the rare earths, gallium and scandium. The company now aims to produce its own resources by 2014, and expects to offer rare-earth separation services to third parties from next year.

"Orbite's entry into the global rare-earths market should help to reduce the economic risks associated with the concentration of separation techniques in China," said Richard Boudreault, president and chief executive officer of Orbite Aluminae.


By Bobwins

Posted: Wednesday Aug 1 8:00:51AM 2012

Nice pop in ORT.to this morning  +.10 to C$1.96  remediation should be a primary rev driver for Orbite.  They can start with a smaller remediation plant and gain producer confidence.  The remediation plant will still produce alumina and prove the concept to the big producers.  

 

 

MONTREAL, QUEBEC--(Marketwire -08/01/12)- Canadian clean tech company Orbite Aluminae Inc. (ORT.TO) (the "Company" or "Orbite") is pleased to announce that it has developed a patented technology that can treat red mud, the most significant waste product of the traditional Bayer process for aluminum production. The Company thus offers the only ecologically sound and commercially viable alternative to manage and eliminate these toxic residues.

According to the International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA), alumina producers generated in 2011 alone more than 100 million tonnes of red mud of which only 5% was reused(1). The rest is stored in ponds and reservoirs, entailing significant environmental risks. For example, on October 4, 2010, a flood of toxic red mud devastated Hungary after a retaining dyke ruptured, causing an ecological disaster. India, China, Canada, and Brasil have also been affected by spills. The environmental and social costs associated with the Bayer process and global aluminum production have become so high that several countries now oppose the development of new mining and production facilities. Orbite's technology is an ecological and economically viable solution to this problem.

Orbite's technology converts red mud into a dry, inert, and most importantly, environmentally neutral residue that is less than 90% the volume of its original state. High commercial value products are also recuperated in this process, including alumina (which can make up 25% of red mud), ultra-pure hematite (which is what gives the toxic residue its red colour) and magnesium oxide, as well as rare metal oxides that can have significant residual economic value. Orbite's team of engineers has verified these results using red mud samples with properties characteristic common to those that currently confront the alumina industry. The Company developed a large-scale industrial process capable of treating red mud while individually recovering its main components.

Orbite now intends to license its technology to producers interested in reducing their environmental footprint and their risk of contamination, but also in reducing operating costs and growing their revenues.

About Orbite

Orbite Aluminae Inc. is a Canadian clean-tech company whose innovative technologies are setting the new standard for alumina production. Orbite's technologies enable environmentally-neutral extraction of smelter-grade alumina (SGA), high-purity alumina (HPA) and high-value elements, including rare earths and 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 hectares Grande-Vallee property, the site of an aluminous clay deposit in Quebec, Canada. An NI 43-101 compliant report 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, and Asia's largest aluminum complex, National Aluminium Company Limited.


By Bobwins

Posted: Tuesday Jul 31 1:26:55PM 2012

ort.to/eorbf  +.04 to C$1.86

 

Orbite Aluminae is Transforming Aluminum and Rare Earth Industries

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By James West
MidasLetter.com

TORONTO - Shares of Orbite Aluminae Inc. (ORT.TO), have yet to price in the disruptive nature and  profound impact that Orbite`s technology is about to make on both the Aluminum and Rare Earth industries. Having labored long and hard under a shroud of skepticism kept alive by short interests in the company`s stock, industry validation is incrementally cancelling out the naysayers and relegating them to the sideline.

As result of all the short-side bashing, the share price has suffered. But the string of press releases throughout 2012 thus far constitute some glaringly obvious reasons to conclude that the company remains sharply undervalued, as well as more subtle ones.

A Disruptive Technology
At the core of Orbite`s business is its disruptive process that extracts 99.999% pure alumina directly from aluminous clays, bypassing the requirement for the mining of bauxite and the production of the toxic "Red Mud" associated with that process. Ultimately that means a cost reduction of anywhere from 30 to 50 percent in alumina production, in fact becoming de facto the low cost producer of the industry

Orbite CEO Richard Boudreault said in a recent interview, "At the end of the day, including a cost spreading over all the by-products we should have a cost advantage of about 50% over the low cost incumbents Bayer (bauxite producers). And about 66% under the more expensive Bayers (process producers).  The cash cost of alumina production for the rest of the industry has increased much in the last quarter improving our PEA calculated cost advantage."

According to the revised Preliminary Economic Assessment (PEA) filed May 30, 2012, there are two scenarios in terms of revenue and profit.

In the first scenario, which would see only SGA and high grade hematite (iron) produced from a single plant, the PEA suggests production of 540,000 tonnes of alumina worth $425 per tonne  and 190,000 tonnes of hematite with a value of $200/ tonne. That would yield EBITDA of $153,982,274.

In the second scenario however, the same quantity of alumina and hematite would be augmented with the extraction and purification of :

  • 189,298 tonnes of >99% pure hematite (Fe2O3) per year with an estimated value of $200/tonne);
  • 1,228,628 tonnes of >95% pure silica (SiO2) per year with an estimated value of $25/tonne;
  • 27,816 tonnes of >95% pure magnesium oxide (MgO) per year with an estimated value of $400/tonne, and;
  • 104,089 tonnes of mixed oxides per year that can be sold as a fertilizer with an estimated value of $5/tonne.

That takes EBITDA to $571.6 million. From a single plant. More than 10 plants are required to appease half of the Canadian demand for alumina.

Orbite`s intention is to build multiple plants wherever large quantities of Smelter Grade Alumina are consumed. All within the next decade. Again, that`s just for SGA alumina to make aluminum. There`s a market evolving that is at least as important in the grand scheme of things, and possibly even more lucrative for Orbite. And that has to do with the production of alumina beyond smelter grade.

SGA vs HPA
Smelter Grade Alumina (SGA) is the precursor to aluminum, and its maximum purity is 99.99%, or "4N" alumina. On June 29th this year, Orbite announced that it had produced its first "5N" or 99.999% pure alumina. That doesn`t necessarily signal a huge difference to us non-scientific types, but in terms of the bottom line, its huge, more than 10 times as pure.

The significant anticipated growth in HPA annual worldwide demand, which according to Mackie Research will rise from 9,000 tons in 2012 to over 15,000 tons in 2015, will lead to a substantial supply deficit of about 6,000 tonnes per year caused notably by the global increase of light emitting diodes (LED) demand.

According to the Mackie report
.High-purity alumina is metallurgical alumina oxide that has been further refined to a purity of 99.99% or higher. Based on our discussions with industry participants, we estimate the current annual market size of the global high-purity alumina (HPA) market to be about 7,500 tonnes. High-purity alumina is used in several growth industries which include LED lights, PCs, semiconductors, artificial sapphires and rubies for fiber optic communication systems, coating of missile nose cones, ultra-pure nano-materials, and bio-ceramics for prostheses and implants. The pricing of high-purity alumina varies based on purity level, as well as size of the alumina oxide powder, and can range from US$75,000/tonne to US$1.8 million/tonne. The company anticipates that its average realized price will be approximately US$300,000/tonne. However, in order to be conservative, we use an average selling price of only US$200,000/tonne in our financial model."

"I`m very pleased that a large number of first-rate, internationally renowned companies are interested in our HPA and are prepared to evaluate our materials," stated Yves Noel, Vice President of Sales and Marketing at Orbite.
"The quality and purity of our alumina provides an opportunity for Orbite to fill a pressing and growing market need".

Orbite plans to have completed its HPA facility by the year end and start production in the first quarter of 2013.  Moreover the plant will enable the tolling of heavy rare earth from the early part of 2013 bringing significant additional revenues to the firm.

Rare Earths: An Elephant in the Room
The fact that the Orbite process is capable of isolating and purifying certain critical rare earths is another aspect of the company that is not fully appreciated. Note the above mentioned EBITDA numbers do not take into consideration the sale of REE`s as a byproduct of the production of alumina and other minerals.

According to equity research published by Jacob Securities, "Orbite Aluminae, a company developing a disruptive alumina refinery technology, expects to be able to produce about 1,000 tonnes of rare earths as a byproduct before 2015 and increase output by more than ten-fold as it expands production in Quebec. Orbite clays contain more than 20% HREEs."

So each of these additional product categories has the very real potential to add another order of magnitude to the projected revenue of Orbite. So why, one must ask, is it so cheaply priced?

Mackie Research Capital, in a March 2011 research report, targeted a share price of $7.50, a number that has not yet been reached, due in part to the overzealous administration of National Instrument 43-101 by the  Autorité des marchés financiers (AMF), the provincial securities regulator of the province of Quebec.

Unfortunate Timing
The announcement in March of the signing of a memorandum of understanding with RUSAL, who supplies 11% of the world`s primary aluminum and 13% of all alumina production, is the game changing development that, in a normal market, should have lit up the shares in Orbite. It didn`t because the shares had been halted by AMF, who called into question the methodology for estimating the Rare Earth content of the company`s Grand-Valée aluminous clay deposit  in its January 10, 2012 43-101Technical Report.

The additional Qualified Persons and associated firms called in to substantiate the 43-101 subsequently concluded that the findings of the original 43-101 were accurate and compliant, and on the 5th of April, the shares were allowed to trade again. Unfortunately, in the meantime, 11 million shares had accumulated to the short side, which understandably drove the shares downward.

Acute weakness in the Canadian resource-centric markets, the continuing saga of sovereign debt-driven risk aversion, and a widespread inability to fathom the multitude of value propositions implied in Orbite`s various applications all combine to render the stock undervalued, in my opinion.

RUSAL JV
Though simply a "memorandum of understanding", there is clear intent for the world`s largest aluminum supplier to determine the viability of Orbite`s process on a large commercial scale, as its condition to control use of the technology in Russia indicates.

Vladislav Soloviev, UC RUSAL First Deputy CEO, said: "The alternative technology is important for alumina production in Russia and its development will allow the strengthening of RUSAL`s vertical integration. Our technical team visited the Orbite pilot plant in Cap-Chat and we have high regards with respect to the potential of this new technology, which we, as one of the world`s largest alumina producers, have all opportunities to realize."

The MOU contemplates financial participation by RUSAL of up to $25 million in a phased approach that will see the two companies share human resources and technological processes to refine the process in Canada, and adapt to Russia`s specific ores.

NALCO JV
Nalco is Asia`s largest integrated aluminum complex, and is the 6th largest in the world. The non-binding partnership with Orbite incorporates the adaptation of Orbite`s processes for use on Gibbsite and Bohmite, the two predominant ores in the NALCO`s mineral inventory, as well as for use of the technology on the "Red Mud" that is the toxic waste from processing bauxite into alumina through the Bayer process.

According to the International Committee for the Study of Bauxite, Alumina and Aluminium(ICSOBA) "Alumina refineries world over presently generate more than 100 million tons of red mud per annum, which is likely to increase with the setting up of new production facilities and decreasing ore quality. Less than 5% of red mud is being utilized in the world with the remainder disposed in ponds."

The global current inventory of Red Mud tailings sites measures an estimated 3 billion tonnes. For every single tonne of alumina produced from bauxite using the Bayer process, 2 tonnes of red mud are produced.

It`s a problem that grows every day.

Orbite`s Process Remediates Red Mud
Orbite`s process applied to Red Mud has achieved remarkable results already. The company expects to deploy its technology as a stand-alone solution to the remediation of Red Mud sites around the world as early as next year. Though no revenue model has yet been publicly disclosed by the company, back-of-the-napkin calculations generate enormous numbers.

According to the company`s press release of June 27 this year:

"Tested on various sources of red mud, Orbite`s patented process enables red mud residue to be converted into raw material and allows for the extraction of its main components while neutralizing, purifying and extracting some of its key elements (Fe, Al, Ti, MgO, Na, Ca, REE, etc.). Orbite`s process converts red mud into a dry, inert and environmentally neutral product as residue (leachate) and can reduce residual volumes by more than 90% compared to the product`s initial state. The Orbite technology may be offered via a licensing agreement or delivered as a ready to use product to customers in Canada and abroad for the high purity extraction of the alumina, titanium oxides, hematites, magnesium oxides, rare earth oxides, and rare metal oxides contained in this environmentally harmful waste.

"This is a world first, as the Orbite technology is essentially ready to be commercialized," stated Mr. Boudreault. "Our process is, to our knowledge, the only confirmed, commercially viable technology to remediate Bayer process residues, thereby extending the lifespan of Bayer units often limited by red mud storage permits governing red mud tailings ponds" stated Richard Boudreault, President and CEO of Orbite. "As a result, our technology helps ensure sustainable development by offering an ecological and economical alternative in managing these environmentally harmful residues, and by extension, the associated red mud spills. In addition, our agreement with Nalco is expected to follow the steps of Rusal, as both companies are seeking to reduce their operating costs using local raw materials."

Adds Up to a Game Changer
This all adds up to pretty significant game-changing technology. It creates extremely high purity, high value alumina. It extracts and concentrates Rare Earths and other valuable minerals. It remediates the very toxic and ubiquitous "red mud" that is the legacy of bauxite-derived aluminum.

Currently the Quebec aluminum industry imports annually about $3 billion worth of expensive Smelter Grade Alumina, which is the lowest hanging fruit for Orbite. The much higher price, higher margin High Purity Alumina, however, is also relatively low hanging fruit. The remediation of Red Mud, the extraction of other high value minerals, and applications yet to be determined constitute the substantial upside and a technology penetration fast track into the aluminium industry.

The company`s Grand-Vallée deposit contains a billion tonnes of aluminal clays grading 23.13% Al2Ofrom only 5% of the total land package of 6,441 hectares.  It now has claimed an additional nine times this area spreading from Quebec city to Gaspé on the same Orignal geological formation.

With early stage memorandums of understanding in place with two major players in the aluminum sector, it would appear that the process of industry-wide integration of the company`s disruptive technology is underway.

The question is, what are the shares worth when each of the additional value streams are incorporated into the entire equation?


About Midas Letter Midas Letter is the Journal of Investment Strategy of the Midas Letter Financial Group Ltd., a Canada and Luxembourg-based advisory group that identifies premium opporunities in resources, technologies and real estate for its clients.   Contact: James Westmidasletter@midasletter.com http://www.midasletter.com (416) 598-9181

By Bobwins

Posted: Monday Jul 16 10:23:20AM 2012

Price keeps dropping below C$2 and I keep nibbling.  Everything I read about Orbite's technology is positive.  Key will be the decisions of Rusal and Nalco to participate and endorse the technology.  Of course, these are huge companies and they could demand more than Orbite is willing to give on a JV.  The remediation possibilities just seem too good for the aluminum industry to pass this up.  I am looking for double digits down the road for Orbite.  


By Bobwins

Posted: Thursday Jul 12 10:49:27AM 2012

This is a great interview of the CEO.  His enthusiasm is contagious.  This company has disruptive technology that should become common anywhere alumina is produced.  Huge companies are signing up.  HPA will be the first step, then I think remediation will become the biggest revenue generator.  

 

http://www.decisionplus.com/video/interviews/Corporate_Videos.aspx


By Bobwins

Posted: Thursday Jul 12 8:46:44AM 2012

Nibbled on a few more ORT.to today at US1.83.  Still falling from recent peak of 2.20's.   All good news from company.  Mgmt is getting out to conferences and being interviewed to get the word out.  Eventually all this effort but especially their work on the Orbite process to extract alumina and other valuable metals out of the aluminous clay in Quebec should payoff.  


By Bobwins

Posted: Wednesday Jul 11 10:22:39AM 2012

I continue to add as ORT.to keeps sliding back.  Only a few months until HPA facility is built and producing.  Early 2013 we should find out if company can produce alumina AND rare earths.  


By Bobwins

Posted: Thursday Jun 21 11:22:47AM 2012

ORT.to +.03 to C$1.98 Orbite fell to a recent low of 1.54 in mid May. Stock rallied after PEA was confirmed. Today Orbite announced that an independent study has shown improved recovery of three valuable rare earth minerals, scandium, gallium and ytrium from their deposit. This could lead to much improved profitability of the Orbite plants due to the rare earth credits, which have been the subject of controversy in the original PEA. Orbite has the funds to advance their expansion from a trial plant to commercial production by around year end. I bought more today at C$1.98. My average cost is C$2.40 so still underwater but the near term production and potential rare earth combined with the new process that could become an aluminum industry standard were just too tempting. http://finance.yahoo.com/news/orbite-announces-93-oxide-extraction-113000433.html

By Bobwins

Posted: Tuesday Apr 10 11:45:42AM 2012

ORT.to -.10 to C$2.13 Ort down on negative comments by an analyst who has doubts about a relatively new process that ORT plans to use in their plant. ORT mgmt disagrees and published a PR refuting the comments. Until they get into production, there will always be doubts about a new process that promises better efficiency, lower energy use and extraction from previously uneconomic clay soil.

By Bobwins

Posted: Monday Apr 9 9:59:12AM 2012

ORT.to +.12 to C$2.46 Bought more ORT.to after halt lifted last week. Price fell back toward halt price of C$2.23 but I think we have finally run thru the sellers that were scared or frustrated by the halt. The reason for the halt was that the PEA was challenged by authorities for the rare earth section. Orbite had a respected expert audit that section and he basically verified the original conclusions. Orbite got a big lift from proposed JV with Rusal, biggest aluminum producer in the world. Price targets on ORT are huge, with several over C$10. This is a new process for extracting aluminum from previously uneconomic mud.

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