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Bullboard - Stock Discussion Forum Molycorp Inc MCPIQ

"Neo Performance Materials is a supplier of advanced materials used in a wide range of technology applications across many sectors. Its products include Neo Chemicals and Oxides, Neo Magnequench (magnetic materials and alloys), and Neo Rare Metals."

OTCPK:MCPIQ - Post Discussion

Molycorp Inc > consider orbite aluminae!!!!
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Post by portfolio6 on Aug 27, 2012 11:53am

consider orbite aluminae!!!!

Overview: This company owns land claims in an aluminous clay deposit located in Quebec. It also owns a facilityin the process of being converted into a high-purity alumina plant.
Incorporated: INCORPORATED in Canada June 17, 1983, as Exploration Orbite V.S.P.A. Inc.; name changed toOrbite Aluminae Inc. Oct. 11, 2011.
Background: Orbite Aluminae Inc., in the exploration and development stage as of March 31, 2012, owns 100% of the mining rights over a total of 60,984 hectares including the Grande-Vallee property measuring 6,665 hectares, the site of an aluminous clay deposit located 23 kilometers south of Grande-Vallee, Quebec; and a 2,600 square meter facility in the process of being converted into a high-purity alumina plant in Cap Chat, in the Gaspe region. An NI 43-101 report identified over 1 billion tonnes of aluminous clay in part of the deposit. The company also
owns the intellectual property rights to a patent and patent-pending proprietary process for extracting alumina from aluminous clay. The company has produced multiple samples of aluminum from its Cap-Chat metallurgical grade alumina, thus producing results with respect to its entire value-added chain, from clay to metallurgical aluminum. The samples were produced by independent laboratories. In recent years, Orbite  has been engaged in the exploration and drilling of its land claims on aluminous clay property located in Quebec. The company's main focus is now the production of smelter grade alumina and high-purity alumina with the understanding that its process may enable the exploitation of by-products in an efficient manner. Orbite has developed various technologies including a cost-effective process for extracting alumina from aluminous ores, and two new technologies related to the field of rare earth elements extraction, namely a technology related to processes for extracting rare earth elements from alumina-bearing ores and a process for extracting rare earth elements from various ores. Orbite has also developed new processes for preparing hematite; for separating iron ions from aluminum ions; for the
recovery of various chemical reagents related to the company's technology; for treating red mud; and for treating fly ash. In addition to metallurgical grade alumina, the Orbite processes also yield high-purity alumina and high-purity hematite as well as high-value elements and rare earths, including gallium, scandium, and dysprosium. Scandium is used primarily in aluminum-scandium alloys in aerospace industry components and for the design of certain sports equipment, while gallium is used in
semiconductor applications for electronic components such as integrated circuits, ultra high-speed logic chips for cell phones as well as a variety of infrared applications. On July 23, 2012, Orbite reported on the progress of the work underway at its high-purity alumina (HPA) plant, which was scheduled for commissioning in late 2012. Many pieces of processing equipment have already been delivered to the plant site, notably processing tanks, water treatment units, conveyors, compressors, evaporators and
product containers. The company reported that the civil engineering and infrastructure work was ahead of schedule, while the structural work was expected to begin in early August 2012 and should last approximately six weeks. The company further expected that the remaining equipment will be delivered as scheduled during the fall of
2012.

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