NorZinc Ltd.
NZC.TO
Toronto Stock Exchange0.03
CAD
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NorZinc Ltd.
NZC.TO
(Toronto Stock Exchange)
Recent
price
0.03
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- NorZinc Ltd. operates as a privately held mine development company with a primary focus on advancing its high-grade zinc, silver, and lead Prairie Creek Project in Canada. Situated in the Northwest Territories, this significant asset is positioned as a future source of critical minerals, aligning with Canadian strategic objectives. The company has made substantial progress in moving Prairie Creek toward production, having secured all necessary operating permits for an expanded 2,400 tonnes per day mine plan in late 2022. Preparations are actively underway for constructing an all-season access road to the mine site, with commercial operations anticipated by the end of 2025. A 2021 preliminary economic assessment projected a robust 20-year mine life, demonstrating considerable annual zinc equivalent production. NorZinc became a private entity in December 2022 following its acquisition by Resource Capital Funds VI CAD LLC, which also provides ongoing funding for the project's development. The company is headquartered in Vancouver, British Columbia, and emphasizes responsible mining practices and strong engagement with Indigenous communities.