NorZinc reports results for Q1 2020

14 May 2020

NorZinc Ltd. reports its interim financial results and development activities for the first quarter ended March 31, 2020. (“Q1 2020”). (All amounts are in Canadian dollars unless otherwise stated. M = million).
Q1 2020 Results Recent Highlights
Financial and Corporate 

  • Closed and received first tranche of US$3M (approx. C$4.2M) unsecured loan from the Company’s largest shareholder RCF VI CAD LLC (Apr)
  • Closed $0.9M oversubscribed private placement (Mar)
  • Implemented COVID-19 precautions (Mar)
  • Cash and short-term investments at March 31, 2020 - $0.1M (Mar) 
  • Loss for Q1 2020 - $3.0M (Mar)