Orbite secures new funds to support HPA project
Published: Friday, 06 November 2015
The company has obtained a financing arrangement to help advance its business plan, as it gets ready to bring its 3 tpd HPA plant into commercial production by the end of the year.
TSX-listed Orbite Technologies Inc. has
completed a secured debt financing worth around Canadian dollar
(C$) 22m ($17m*), which will help fund its high purity alumina
(HPA) facility in Cap-Chat, Quebec, Canada.
The financing is comprised of a C$8.5m revolving credit
facility; term loan A, which is worth C$600,000, and term