Conifex Timber Inc. continues working with its engineers and contractors to resume operations at its power plant in Mackenzie, British Columbia, Canada, for which necessary repairs have been faced with global supply chain issues impacting replacement parts.

Conifex currently expects to resume power generation in or about early December 2022. Conifex is working with its adjusters on an insurance claim to recover business interruption and property damage costs, subject to customary deductibles and limits.

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.