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Orbite Technologies Inc EORBF

Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.


GREY:EORBF - Post by User

Bullboard Posts
Post by marcm711on Jun 06, 2012 11:05pm
701 Views
Post# 19987930

Reply from Louis Morin

Reply from Louis Morin

Just thought I would share this with everyone. It looks like its just a matter of time and we will all be happy! I sent an email to Orbite IR asking what the status was on the Rusal partnership and if any other news on any JV's. This is the reply I received from Louis Morin:

Rusal agreement in a daily undergoing process we are currently dealing with.

 
Meanwhile it is a large and complex deal and as of now we still don't know when it will be finalized.
 
You are probably aware that Rusal approached the Quebec government for a proposal to build their own aluminum smelter in Sept-Iles, right across the Saint Lawrence river in front where Orbite deposit is located.
 
Many other potential partners are talking to Orbite; as those discussions are performed under strictly confidential basis, we will release details when appropriate.
 
The best advice I can provide is stay tuned.
 
Best regards,
 
Louis Morin
Director Investors Relations
 
 
GLTA
Marc
Bullboard Posts