Impact: Negative
NorZinc announced that it has deferred the construction of the pioneer winter road at its 100%-owned Prairie Creek Zn-Pb-Ag project in the Northwestern Territories by up to one year due to longer than anticipated regulatory reviews. While this delays the development timeline for Prairie Creek, NorZinc is still well positioned in the longer term. The company has the major permits to build a road and mine, and it maintains positive relationships with stakeholders in the region. Meanwhile, the company plans to utilize this time to advance optimization work and to issue an updated Feasibility Study.