New York, NY - June 21, 2012 - www.InvestorIdeas.com, a leader in sector research for independent investors issues a trading alert for TSX rare earth stock, ORBITE ALUMINAE INC (TSX:ORT) trading up at $2.12, gaining 0.17 or (8.72%) as of 10:21AM EDT, with a morning high of $2.27 on over 1 Million shares.
The Company today announced that an independent analysis of samples of individual rare earth oxides (REO) and rare metal oxides (RMO) has confirmed a 23% increase in recovery rates over the figures published in the Revised Preliminary Economic Assessment Technical Report dated May 31, 2012, thereby increasing value of its smelter grade alumina (SGA) production project. Orbite also reanalyzed results of the various drilling campaigns carried out in recent years, confirming previously disclosed results.
Orbite currently 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 km south of Grande-Vallee, and a 2,600 m2 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 ten different families of intellectual property rights (and patent pending), protected by Canadian and U.S. patents, for extracting alumina and for which patents are also pending in other countries.
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.