Orbite Aluminae* (ORT : TSX : $2.73), Net Change: 0.08, % Change: 3.02%, Volume: 3,071,109
"This is a great moment for Orbite." Investors cheered after Orbite Aluminae announced 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 the company's commercial-scale HPA production plant in Cap-Chat, Quebec.
Management noted that HPA samples were independently tested by EAG confirming that an initial purity of greater than 4N (4N+) was achieved during this initial production period. The company further highlighted that additional 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. Commenting on the milestone, Orbite's President and CEO, Richard Boudreault, stated, "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."