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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 SergeBruneton Jun 20, 2013 3:31pm
236 Views
Post# 21549832

New Fund

New Fund

Orbite will probably have access to CDQ's new fund...

Timely indeed...

The Caisse Of Quebec Creates New $250 Fund For Natural Resource Sector

Thursday June 20, 2013 10:03 AM

The Caisse de dépôt et placement du Québec created a new a $250-million fund called the Sodémex Développement. The fund will make investments of $5 million to $20 million in Québec companies in the natural resources sector that are in development stages. "The current business climate in the natural resources sector can present attractive long-term investment opportunities," says Normand Provost, executive vice president, equity at the Caisse. "This represents a critical entry point for the Caisse in projects that are in the development stage." The development phase represents a critical period because these companies are often acquired by bigger players in their industry due to insufficient capital to continue operations - this new fund will alleviate the shortage of available capital, the Caissa says. A criteria has been put forward by the Caisse for companies to qualify, ranging from experience, sector knowledge, types of minerals mined, production and operating costs, among others. The Caisse has been active since 1996 in the Sodémex Fund, which is for Québec mining companies in the exploration phase.

By Alex Létourneau of Kitco News aletourneau@kitco.com

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