RE: NEWS 2012-08-08 07:46 ET - News Release
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Mr. Richard Boudreault reports
ORBITE ALUMINAE PRODUCES NORTH AMERICA'S FIRST HEAVY RARE EARTHS FROM ALUMINOUS CLAY
Orbite Aluminae Inc. has successfully extracted the first commercial samples of heavy rare earth oxides, gallium and scandium from its aluminous clay deposit in Grande-Vallee, Que. With its patented and patent pending, commercially-proven technology, the Quebec clean tech company is set to become the first commercial North American rare earths, gallium and scandium producer, ahead of its closest competitors. By 2013, it plans to offer heavy rare earth separation services to third parties and to produce its own resources by 2014.
Rare earths (dysprosium, erbium, neodymium, praseodymium, etc.) and rare metals (gallium, scandium, yttrium) are products of high commercial value considered scarce and seldom available in high enough concentrations to be profitable. Orbite's technology allows for the low-cost extraction of rare earths and rare metals using the ecological and environmentally-friendly alumina extraction process. Orbite has evaluated the content of its Grande-Vallee aluminous clay deposit at more than 22% (ratio to total rare earths) in heavy rare earths and has noted a strong presence of scandium. To conduct testing for the extraction of individual rare earth and rare metal samples, Orbite retained the services of European companies CMI-UVK and MEAB, which validated extraction rates of more than 93% purity, i.e.: gallium at 93.86%; scandium at 93.11%; yttrium at 87.47%; neodymium and dysprosium, both at 99.9%; cerium at 99.5%; and gallium oxide at 99.99%