Precursor Games announced via a forum post that their next project, Shadow of the Eternals, was put on hold. The reason behind this was the fact that the production team failed to achieve enough fundings to work on the project.
"It is with a heavy heart that we have decided to put the Shadow of the Eternals project on hold. We are very happy with what we have accomplished both as a group and with the community. The community has blown us away and was the one thing that kept us going through it all - we cannot thank you enough," said Denis Dyack, a member of the development team.
Precursor Games also added that the Shadow of the Eternals is not dead, and when the time is right, the team will get back together and restart the project.
Source: Precursor Games