Orbite Aluminae raises $3 mln in bridge financing
Orbite Aluminae Inc (TSX: ORT) has received $3.025 million in bridge loan financing, which has been collateralized against its 2014 tax credits receivable. The funds were provided by Investissement Québec, which last May invested $10 million in the business through its subsidiary Ressources Québec. Based in Montréal, Orbite is a clean technology company focused on producing alumina and other high-value products, such as rare earth and rare metal oxides. It is currently finalizing its first commercial production facility in Cap-Chat, Québec.
14 January 2015•3 mins read
