Orbite secures new funds to support HPA project

By Liz Gyekye
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 loan...

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