- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Orbite Aluminae Provides Update on Status and Development Plan for HPA Facility
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) provided an update on the present status, development plan and updated budget for completing its high-purity alumina (HPA) production plant in Cap-Chat, Quebec.
As quoted in the press release:
HPA Facility – Status Update
Orbite’s High Purity Alumina plant in Cap-Chat, Quebec continued intermittent production at a capacity of less than 50 kg per day into the month of August. Operations were suspended in August and September to allow the Corporation to complete, on a permanent basis, the installation of the plant utility systems, notably the steam, process air, and waste water treatment systems. Intermittent operations resumed in October to allow the production of commercial (4N+) samples for shipment to prospective customers and the advancement of our product qualification program.HPA Facility – Updated Budget
Revised Estimate (in thousands) Original Estimate (in thousands) Engineering and Project Management $2,076 $2,540 Material and Equipment, including Calcination System $16,015 *$15090 Labour $4,818 $6,660 Contingencies $3,436 $4,220 Critical Spare Parts & Specialty Tools $2,000 $2,500 Total $28,345 $31,010 * Increase in equipment cost reflects firm detailed bid received for calcinator and changes in foreign exchange rates since June.
HPA Facility Development Plan
The updated capital cost estimate provided above represents the investment required to achieve a production capacity of 3 tonnes per day. The requisite engineering analysis and incremental cost estimate to increase the total plant output to 5 tonnes per day is expected to be completed during the first half of 2014 and the incremental capital cost estimate is expected to be reported during the second half of 2014.
Click here to read the Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) press release
Click here to see the Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) profile.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.