NorZinc provides results for first quarter 2021

13 May 2021

NorZinc Ltd. reports its interim financial results and development activities for the first quarter ended March 31, 2021. (“Q1 2021”). (All amounts are in Canadian dollars unless otherwise stated. M = million).
Q1 2021 Results & Recent Highlights
Financial and Corporate
•Cash and short-term investments at March 31, 2021 were equal to $2.7M (vs. $5.3M as of December 31, 2020).
•Loss for three months ended March 31, 2021 was $1.7M (vs. $3.0M as of March 31, 2020).
•The Company is in advanced discussions for the next stage of financing development of the Prairie Creek Mine, including a potential silver stream.
•The Company commenced planning for an exploration program at its Newfoundland properties.
Prairie Creek
•The Company commenced preparation for the surface drill program as part of the overall strategy to enhance the reserves. The drill program is anticipated to start in May 2021. 
•The NorZinc Covid-19 Exposure Control Plan and Vaccination Policy was reviewed and updated in line with GNWT public health.
•The Company has progressed the process to obtain amended operating permits for increased design throughput.
Subsequent Events 
•On May 3, 2021, Rohan Hazelton was appointed President, CEO & Director of NorZinc. 
•On May 3, 2021 the Company announced its major shareholder, RCF VI CAD LLC agreed to purchase $1M of common shares through a private placement; the financing is expected to close by May 31, 2021.
•The Company opened the Prairie Creek Project site on May 4, 2021 with the aim of completing the surface drilling program which began in late 2020, performing annual water treatment activities, and undertaking other key site and road activities necessary to advance the project.