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orbite aluminae inc (3XO) Snapshot

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07/7/14 - €0.48
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12/16/14 - €0.14
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orbite aluminae inc (3XO) Details

Orbite Aluminae Inc. operates as a resource development and mineral-processing technology company in Canada. The company produces metallurgical-grade alumina, high-purity alumina, and rare earth and rare metal oxides. It primarily owns 100% mining rights in the Grande Vallée property, an aluminous clay deposit that consists of 115 claims covering an area of approximately 6,441 hectares located to the northeast of Murdochville, Québec. The company was formerly known as Exploration Orbite VSPA Inc. and changed its name to Orbite Aluminae Inc. in October 2011. Orbite Aluminae Inc. is headquartered in Montréal, Canada.

40 Employees
Last Reported Date: 03/17/14

orbite aluminae inc (3XO) Top Compensated Officers

Chief Executive Officer, President and Non In...
Total Annual Compensation: C$189.5K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$260.6K
Director of Legal Affairs, Secretary and Memb...
Total Annual Compensation: C$150.0K
Vice President of Business Development
Total Annual Compensation: C$210.0K
Compensation as of Fiscal Year 2013.

orbite aluminae inc (3XO) Key Developments

Orbite Receives $3 Million Funding from Investissement Quebec

Orbite Aluminae Inc. announced Investissement Quebec will be providing Orbite with a $3.025 million bridge loan, collateralized against the company's investment tax credits receivable for the year 2014, estimated at $4.0 million. The loan, repayable by June 30, 2016, will carry an interest rate of 3.5% over the prevailing prime lending rate, which currently stands at 3%. Interest is payable monthly and the loan is subject to other customary terms and conditions.

Orbite Aluminae Inc. Announces Resignation of Shaun Usmar as Director

Orbite Aluminae Inc. announced that following his appointment as Chief Financial Officer of Barrick Gold, Mr. Shaun Usmar resigned, effective December 10, 2014, from his position as Director of the company.

Orbite Aluminae Inc Presents at LD Micro Conference, Dec-02-2014 08:00 AM

Orbite Aluminae Inc Presents at LD Micro Conference, Dec-02-2014 08:00 AM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles, California, United States.


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