MONTREAL, QUEBEC -- (Marketwired) -- 12/10/14 -- Orbite Aluminae Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company") announced today that following his appointment as Chief Financial Officer of Barrick Gold, Mr. Shaun Usmar resigned, effective today, from his position as Director of the Company.
"We would like to thank Shaun for his support of the Company during his time on our Board and wish him success in his new position," stated Claude Lamoureux, Orbite's Chairman of the Board of Directors. "We are looking to appoint a new Director, continuing our practice of attracting high-caliber professionals to ensure strong corporate governance."
About Orbite
Orbite Aluminae Inc. is a Canadian cleantech 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, Quebec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallee deposit. The Company's portfolio contains 15 intellectual property families, including 12 patents and 95 pending patent applications in 10 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, Quebec, where its technologies are developed and validated.
Contacts:
TMX EQUICOM
Mark Lakmaaker
External Investor Relations Consultant
1-800-385-5451 ext. 248
mlakmaaker@tmxequicom.com
For Media Inquiries:
TMX EQUICOM
Scott Anderson
External Media Relations Consultant
1-800-385-5451, ext. 252
sanderson@tmxequicom.com
