Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NORZF: effective Dec. 16,2022: The delisting results from the acquisition of all of the issued and outstanding Shares of the Company by RCF VI CAD LLC ("RCF") Shareholders will receive $0.0325 in cash for each Share held.
FINRA will delete the symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
accumulation continues,wont be long after yesterdays near record vol.
The Company had no long-term debt outstanding throughout 2021 as it repaid loan principal of $7.1M and $8.0M in 2020 and 2019
The Prairie Creek Project remains one of the highest grade, undeveloped zinc-lead-silver projects in Canada with robust economics indicating an NPV8% of $299 million and an after-tax IRR of 17.7% ($50m NORZF's cut)
buying pressure could squeeze em,with 2m shares short every month,welcome the reddit gang to the otcqb lol
Built originally as the Cadillac Silver Mine(zinc/silver/lead now) in the early 1980s, Prairie Creek has extensive infrastructure in place including five kilometres of underground workings, a 1,000 ton per day mill, heavy duty and light duty surface vehicles, surface exploration diamond drill rigs, camp accommodation, maintenance and water treatment facilities and a 1,000-metre gravel airstrip. NorZinc’s primary objective is to bring the Project into production at the earliest opportunity
major chart event sma50 crossed dma50,shows ending 6months of consolidation and return of the bulls!!!!
zinc mine news coming?,rare earth elements in huge demand,something is coming
NorZinc Announces New Financing
CZICF, T.NZC | September 30, 2019
Canada NewsWire
VANCOUVER, Sept. 30, 2019
NZC-TSX
NORZF-OTCQB
RCF to purchase 1% royalty on Prairie Creek Mine for C$8 million, subject to shareholder approval
RCF to provide short term loan of up to US$6 million
in the interim
VANCOUVER, Sept. 30, 2019 /CNW/ -
NorZinc Ltd. (TSX: NZC; OTCQB: NORZF) (the "Company" or "NorZinc")
is pleased to announce that RCF VI CAD LLC ("RCF"), an affiliate of
Resource Capital Fund VI L.P., has agreed to purchase a
1% net smelter return royalty (the "Royalty") over the Company's
Prairie Creek zinc-lead-silver mine in the Northwest Territories
(the "Mine") for C$8 million.
The issuance of the Royalty will be subject to shareholder approval
as required by the Toronto Stock Exchange ("TSX").
It is anticipated that this new non-equity-dilutive royalty will
provide funding through the completion of permitting of the Mine.
image: https://mma.prnewswire.com/media/1003120/NorZinc_Ltd__NorZinc_Announces_New_Financing.jpg
NorZinc Announces New Financing (CNW Group/NorZinc Ltd.)
Don MacDonald, President & CEO of NorZinc Ltd. stated,
"The Royalty financing shows continuing support by our largest
shareholder for the Mine, the Company, and its management and it will
allow us to continue development of the Mine at full pace.
Upon receipt of the All Season Road permit, the Company intends to
complete the next stage of financing, allowing the Company to keep to
the development schedule outlined in August 2018."
Mr. MacDonald also said "Although the Mine will primarily produce
zinc and lead, it is anticipated to produce
significant silver as a by-product.
The heightened interest in silver producing assets in recent months
has greatly enhanced the importance of silver to
the Mine's revenue and financing opportunities".
RCF Royalty Financing and Interim Short Term Loan
(a) C$8 Million Royalty
The Company has agreed to sell a 1.0% Royalty on products from the Mine for C$8 million to RCF. Sandstorm Gold Ltd. ("Sandstorm") holds a right of first refusal ("Sandstorm ROFR") on the Royalty sale. If the Sandstorm ROFR is not exercised, the TSX will require that the Company hold a Special Shareholders Meeting to obtain disinterested shareholder approval for the sale of the Royalty to RCF. The Royalty calculation is essentially the same as used for the existing 1.2% royalty previously sold to Sandstorm in 2013 for US$10 million (at the time C$10.25 million).
(b) US$6 Million Short Term Loan
RCF has agreed to loan the Company (the "Loan") up to US$6 million (currently C$7.96 million) repayable on the earlier of (a) 120 days from first advance under the Loan and (b) the date on which either the Royalty is funded by RCF or by Sandstorm. The Loan bears an interest rate of 8% per annum payable on maturity. The Loan is secured over all of the assets comprising the Mine. The Loan agreement contains certain post-closing business commitments made by NorZinc to be completed over the remainder of 2019, including specific financing and construction preparations for the commencement of construction of the initial winter road (Phase 1 of the All Season Road) access to the Mine. The Loan proceeds are to be used for development of the Mine in accordance with an agreed budget.
Shareholder Approval and Royalty Closing
As RCF holds more than 10% of the Company's outstanding shares, the TSX requires the Company to obtain approval of the sale of the Royalty to RCF by a majority of the voting securities of the Company, on a disinterested basis. The Company is preparing a Management Information Circular for a Special Shareholder meeting to approve the sale of the Royalty. Subject to shareholder approval, NorZinc expects the Royalty transaction to close in the fourth quarter of 2019.
About NorZinc
NorZinc is a TSX-listed mine development company trading under the symbol "NZC". The Company is developing its key project, the 100%-owned high grade zinc-lead-silver Prairie Creek Mine, located in the Northwest Territories. The Company also owns projects in Newfoundland that host several zinc-lead-copper-gold-silver deposits.
Cautionary Statement – Forward-Looking Information
This press release contains forward-looking information, including, among other things, expectations regarding road construction requirements and timing, the permitting process, timing of commencement of operations on the Prairie Creek Mine and related matters, life of mine of the Prairie Creek Mine, the Company's plans regarding potential financings, production and shareholder approval. This forward-looking information is based on, among other things, management's expectations with respect to the issue of permits, the size and quality of mineral resources, future trends for the Company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, capital market conditions, and the financial results of the Company. Actual results may vary from the forward-looking information. Material risk factors that could cause actual results to differ materially from the forward-looking information include risks that the assumptions and factors on which the forward-looking information is based differ from expectations, as well as all of the risk factors described in the Company's most recent Form 40- F/Annual Information Form on file with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking information, except as required by applicable law. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
SOURCE NorZinc Ltd.
image: https://rt.newswire.ca/rt.gif?NewsItemId=C6006&Transmission_Id=201909300730CANADANWCANADAPR_C6006&DateId=20190930
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/30/c6006.html
Don MacDonald, President & CEO, (604) 688-2001, Suite 1710, 650 West Georgia Street, Vancouver, BC V6B 4N9; Steve Dawson, VP Corporate Development, (416) 203-1418, Tollfree:1-866-688-2001, Suite 1805, 55 University Avenue, Toronto, ON M5J 2H7, steve.dawson@norzinc.com, E-mail: invest@norzinc.com, Website: www.norzinc.comCopyright CNW Group 2019
Canada Newswire
September 30, 2019 - 4:30 AM PDT
Tags: INDUSTRIAL METALS & MINERALS
0
Share0 Tweet0 Share0
Read more at
https://stockhouse.com/news/press-releases/2019/09/30/norzinc-announces-new-financing#K045afkGggDgZBeD.99
Hunt Brothers Old Silver Dream Mine -
one of the richest in the world @ bargain price -
Cdn Zinc Corp J (CZN)
TSX:CZN Detailed Quote
http://www.canadianzinc.com/
God Bless
thanks for clearing that up :)
NZC
CZICF: effective Sept. 11,2018 Canadian Zinc Corp. will change to Norzinc Ltd.:
http://otce.finra.org/DLSymbolNameChanges
Staying vigilant... you could be right...
bulls running again...
some indicators > http://stockcharts.com/h-sc/ui?s=CZICF&p=D&yr=0&mn=6&dy=0&id=p51127344330
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Hunt Brothers Old Silver Dream Mine -
one of the richest in the world @ bargain price -
Cdn Zinc Corp J (CZN)
0.295 ? 0.035 (+13.46% ))
Volume: 686,116 @ 2:41:03 PM ET
Bid Ask Day's Range
0.29 0.295 0.265 - 0.3
TSX:CZN Detailed Quote
http://www.canadianzinc.com/
http://www.canadianzinc.com/images/media_articles/2014/CZN_NorthernMiner_Nov2014.pdf
https://pbs.twimg.com/media/B8fajUwCYAAgpGE.jpg">https://pbs.twimg.com/media/B8fajUwCYAAgpGE.jpg"; />
- God Bless -
Did you ever get your questioned answered as to when production possibly may begin? Demand with price increases would be very helpful. We are interested in becoming shareholders, someday....
Management been at it 20 years an the pay is good.Maybe another 20 years.
Whats the ETA for the mine ever getting into production?
and.... 52 week low?
Hunt Brothers Old Silver Dream Mine -
one of the richest in the world @ bargain price -
Cdn Zinc Corp J (CZN)
0.2 ? 0.005 (2.56%)
Volume: 199,425 @ 3:54:38 PM ET
Bid Ask Day's Range
0.195 0.2 0.19 - 0.2
TSX:CZN Detailed Quote Wiki
http://www.canadianzinc.com/
http://www.canadianzinc.com/images/media_articles/2014/CZN_NorthernMiner_Nov2014.pdf
https://pbs.twimg.com/media/B8fajUwCYAAgpGE.jpg">https://pbs.twimg.com/media/B8fajUwCYAAgpGE.jpg" />
God Bless
almost 52 week low here... how? why?
Zinc and nickel price upside ‘imminent': Clarus
Peter Koven | January 20, 2015 | Last Updated: Jan 20 3:08 PM ET
http://business.financialpost.com/2015/01/20/zinc-and-nickel-upside-imminent-clarus/?__lsa=707e-3f56#__federated=1
There has been a lot of bullish talk in the metals community about zinc and nickel over the past couple of years, as many insiders believe those commodities are poised for a rally. You can include Clarus Securities analyst Mike Bandrowski in that group.
He published a detailed note on Tuesday that suggests zinc and nickel have “imminent” upside and will perform very strongly over the next two years as inventories disappear.
In the case of zinc, Mr. Bandrowski noted the market is already in deficit, and that deficit should get bigger following the closures of the Lisheen and Century mines this year. He said exchange inventories have fallen by more than half over the last two years and should be at “critical” levels later in 2015.
“We believe the lack of funding in zinc mine development and exploration has now caught up with the marketplace and zinc prices will respond in 2015,” he said in a note.
“Despite the broad commodity sell-off, zinc has held up quite well, likely an indication of the favourable supply/demand fundamentals.”
Nickel has received more attention than zinc due to an Indonesian export ban on raw ore that was imposed a year ago, which removed about 25% to 30% of global nickel supply. The nickel price spiked following the ban, but fell back to earth as inventories dramatically increased.
Mr. Bandrowski’s said the inventory spike was partly due to a well-publicized trading scandal in Qingdao, which created disruptions in Chinese nickel stockpiles. He expects inventories to trend lower in early 2015 as Indonesian stockpiles are exhausted in China, and thinks the market is heading toward deficit this year.
“We see a great opportunity for nickel in 2015,” he added.
Mr. Bandrowski sees the zinc price rising to US$1.10 a pound this year and US$1.25 in 2016, while nickel is expected to jump to US$11 a pound in 2015 and US$12 in 2016. His top picks among the miners in this space include Lundin Mining Corp., Scorpio Mining Corp, Aldridge Minerals Inc. and Royal Nickel Corp. He also highlighted a few names that he doesn’t cover: Talon Metals Corp., Sherritt International Corp., Tinka Resources Ltd. and Goldspike Exploration Inc.
Northern Miner presentation is very good.
CZN CA$0.22 -0.005 (-2.22%) what a Ag bargain -
http://www.canadianzinc.com/
http://www.canadianzinc.com/images/media_articles/2014/CZN_NorthernMiner_Nov2014.pdf
God Bless
Anything under a quarter is a steal in my view...
Canadian Zinc Corporation (TSX:CZN) - 20th Anniversary Vancouver Resource Investment Conference 2015 -
212-1661 Portage Avenue Winnipeg, MB, R3J 3T7 Canada
Canadian Zinc Corp.
1710-650 W Georgia Street Vancouver, BC, V6B 4N9 Canada
http://www.canadianzinc.com
ABOUT
Canadian Zinc Corporation is a development stage company listed on the Toronto Stock Exchange under the symbol "CZN", in the United States on the OTCQB under the symbol "CZICF" and in Germany on the Frankfurt under the symbol "SRS" and is engaged in the business of exploration and development of natural resource properties. The Company has an experienced Executive and Board based in Vancouver BC.
Canadian Zinc aims to bring its 100%-owned Prairie Creek Mine into production at the earliest possible date. The Mine, situated in the Mackenzie Mountains of the Northwest Territories, has a fascinating history which includes the famous Hunt Brothers' plan to corner the world silver market. The Mine hosts substantial resources of high-grade silver, zinc, and lead.
Prairie Creek contains 5.22 million tonnes of Proven and Probable Mineral Reserves averaging 9.4% Zn, 9.5% Pb, 0.3% Cu and 151 g/t Ag. In addition, there are 5.43 million tonnes of Measured and Indicated Mineral Resources with an average grade 10.8% Zn, 10.2% Pb, 0.31% Cu and 160 g/t Ag as well as 6.24 million tonnes of Inferred Mineral Resources with an average grade of 14.5% Zn, 11.5% Pb, 0.57% Cu and 229 g/t Ag.
Prairie Creek has received a positive decision on the Environmental Assessment completed by the Mackenzie Valley Environmental Impact Review Board and is in the final stages of permitting the operation. Canadian Zinc is also completing a Feasibility Study on the project before operations commence.
20th Anniversary Vancouver Resource Investment Conference 2015 -
http://cambridgehouse.com/event/33/20th-anniversary-vancouver-resource-investment-conference-2015
That volume signal in September was a wake-up call... NOW, I think the bottom is here.
Up +27% this week... amazing... CZICF/CZN
Cdn Zinc Corp J (CZN)
0.23 ? 0.02 (9.52%)
Volume: 208,500 @ 12:31:54 PM ET
Bid Ask Day's Range
0.23 0.24 0.21 - 0.24
TSX:CZN Detailed Quote Wiki
Quit a storied individual. Thank you for sharing.
Nelson Bunker Hunt, Alleged Silver Manipulator, Has Died –
TDV Week in Review: October, 26 2014
Sunday, October 26, 2014 9:45
http://beforeitsnews.com/economy/2014/10/nelson-bunker-hunt-alleged-silver-manipulator-has-died-tdv-week-in-review-october-26-2014-2671304.html
God Bless
Very insightful NYBob.....
bigone' on 'Canadian Zinc Corp. (CZICF) thank you,
well, I have been investing in gold and silver mines -
since Nixon destroyed the Gold Standard for the dollar 1971 -
to make it 100% fiat poncy scheme currency -
http://politicalvelcraft.org/2013/05/04/silver-gold-being-shut-down-for-awhile-for-currency-revaluations-get-the-low-prices-while-it-lasts/
the Rothschild 666 banksters print as much they want -
http://politicalvelcraft.org/rothschild/
the people only be obligated to pay the paper debt back
to fed - the bankstews rob the fiat money and the
people have to pay more in taxes - the more the
bankster ex. steal. rob and pay in bonuses to them self -
http://politicalvelcraft.org/treason/
the only legal tender is gold and silver -
the deeper down the mother load is in the mines -
the harder it is for the 666 gypses to rob it -
the safer it is to invest in
http://politicalvelcraft.org/2013/03/12/golden-secrets-of-silver/
http://www.canadianzinc.com
God Bless
Thanks NYBob You sure get around on a lot of company boards.