Ressources Québec invests $10 mln in Orbite Aluminae
Orbite Aluminae Inc (TSX:ORT) has completed its $10 million equity financing with Ressources Québec, a subsidiary of Investissement Québec that invests in mining and hydrocarbon industries. Based in Montréal, Orbite has developed technology to cost-effectively produce alumina and other high-value products, such as rare earth and rare metal oxides. Funding proceeds will be used towards the current construction of Orbite's HPA facility in Cap-Chat, Québec.
28 May 2014•3 mins read
