Orbite Comments on Recent Trading Activity
Date : 03/26/2014 @ 5:23PM
Source : Marketwired
Stock : Orbite Aluminae, Inc. (QX) (EORBF)
Quote : 0.1939 -0.0952 (-32.93%) @ 5:00PM
Orbite Comments on Recent Trading Activity
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Orbite Aluminae, Inc. (QX) (USOTC:EORBF)
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Today : Wednesday 26 March 2014
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Orbite Comments on Recent Trading Activity
MONTREAL, QUEBEC--(Marketwired - Mar 26, 2014) - Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"). Following heavy and unusual trading that occurred late in the day today and yesterday, Orbite confirms it is unaware of any undisclosed material changes or corporate developments in its operations that would account for the recent variations in share price or increased trading volumes. A formal investigation request has been sent to relevant regulatory authorities.
About Orbite
Orbite Aluminae Inc. is a Canadian cleantech company who's innovative and proprietary processes are expected to produce alumina and other high-value by-products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud and fly ash. Orbite is currently finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Corporation's intellectual property portfolio contains 15 intellectual property families, and the Corporation owns the intellectual property rights to 11 patents and 57 pending patent applications in 10 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, and Russia. The Company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.
