MONTRÉAL, QUÉBEC–(Marketwired – May 5, 2015) – Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) (“Orbite” or the “Company”) is pleased to announce that further to its press releases of January 8 and March 13, 2015, the Company has now been granted patents in Canada and the Unites States pertaining to its Red Mud Monetization technology.
The two patents are Canadian patent 2,857,574 and U.S. patent 14/371,364, both titled Processes for Treating Red Mud. These patents entitle Orbite to the exclusive use of these inventions for a period of twenty (20) years following their respective filing date.
Red mud is the waste product generated by the Bayer process, the industrial process used for refining bauxite to obtain alumina, the raw material for the electrolytic production of aluminum. Red mud represents a long-term environmental liability for the entire alumina industry. The Orbite process is able to utilize red mud as a feedstock, extracting all of the valuable constituents, including scandium, gallium, rare earths and rare metals, alumina, magnesium oxide and titanium dioxide, while only returning a small fraction of the original material. In this way, the Orbite process contributes to converting an environmental and financial liability into an asset.
“We are pleased to have received these patents following accelerated patent application examination and issuance processes in both the US and Canada,” stated Yves Noël, Vice President Business Development of Orbite. “Red mud monetization is an important part of our growth strategy going forward, and having strong protection for our technology, we believe positions us well to capitalize on this significant opportunity.”
Orbite Aluminae Inc. is a Canadian clean technology based mineral-processing and resource development company whose innovative and proprietary processes are expected to produce alumina and other high-value 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, fly ash as well as serpentine residues from chrysotile processing sites. Orbite is currently in the process of 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 Company’s portfolio contains 15 intellectual property families, including 17 patents and 95 pending patent applications in 11 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.
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 31, 2015. 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.
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Source: otc markets