Looks like a sequel is in the works.
"The Jim Henson Company remains committed to producing Power of the Dark Crystal. The film has not been 'cancelled' or 'put on hiatus' or any of the other rumored status changes that have been floating around. This film is an ambitious undertaking for us and it continues to move forward as we work to secure the financing and distribution that a project of this scope requires; and yes, these are factors that will most likely have an impact the production timeline. We are grateful to the fans who support Power of the Dark Crystal and we are excited to make this new chapter in the Dark Crystal story a reality."
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