Core Viewpoint - Paramount Gold Nevada Corp. has achieved a significant milestone with the signing of the Record of Decision (ROD) for its Grassy Mountain Gold Project, marking the completion of the federal environmental review process under the National Environmental Policy Act (NEPA) [1][2]. Group 1: Project Development - The ROD signifies the culmination of a rigorous environmental review process, incorporating public feedback and supporting responsible development on federal lands [2]. - Grassy Mountain has been included in the FAST-41 Transparency Projects Permitting Dashboard, benefiting from a streamlined review process for federal approval [3]. - The project is now shovel-ready, expected to contribute to the U.S. mining industry and stimulate the local economy in Malheur County, Oregon, by creating high-quality jobs [4]. Group 2: Company Overview - Paramount Gold Nevada Corp. is focused on precious metals exploration and development, aiming to create shareholder value through various strategies, including asset sales and joint ventures [5]. - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain covering approximately 8,200 acres and containing a gold-silver deposit [6]. Group 3: Future Prospects - The positive Feasibility Study results and key permitting milestones for Grassy Mountain indicate a favorable outlook for the project [6].

Group 1 - Spot gold prices fell below $4450 per ounce, decreasing by 0.78% on the day [1] - Spot silver prices dropped over $1, currently at $70.42 per ounce, with a decline of 1.45% [1] - Mining stocks for gold and silver experienced widespread declines, with Harmony Gold (HMY.US) down over 2.6%, Barrick Mining (B.US) down over 1%, and Royal Gold (RGLD.US) down 0.95% [1] Group 2 - Paramount Gold Nevada (PZG.US) decreased by 0.85%, while Hecla Mining (HL.US) fell by 3.5% [1] - First Majestic Silver Corp (AG.US) saw a decline of over 2.8%, and Pan American Silver Corp (PAAS.US) dropped by 1.9% [1]

Core Viewpoint - Paramount Gold Nevada Corp. is progressing towards final approvals for the Grassy Mountain Gold Project, with the final Environmental Impact Statement and Record of Decision expected in January 2026, despite minor delays due to the U.S. Federal government shutdown and holiday season [1][2]. Project Updates - The Grassy Mountain Gold Project is the first mining project of its kind seeking approval in Oregon, and it has made significant permitting milestones in 2025, including acceptance into the federal FAST-41 program and the issuance of the Draft Environmental Impact Statement [2][3]. - The Oregon Department of Geology and Mineral Industries released a draft consolidated permit package on December 8, 2025, with a public hearing scheduled for January 29, 2026, and final state permits expected in late Q1 or early Q2 of 2026 [4]. - Local permitting has also progressed, with Malheur County granting two-year extensions for the Conditional Use Permit and Sage Grouse Permit [4]. Feasibility Study and Economic Outlook - Ausenco Engineering Canada Inc. has been engaged to update the feasibility study for the Grassy Mountain project, which is expected to be completed in the first half of 2026 and will reflect improved project economics due to higher metal prices [2][3]. Stakeholder Engagement - The company has maintained strong engagement with regulators, stakeholders, and communities throughout the year, positioning itself for major milestones in 2026, including final state and federal approvals [5]. Additional Opportunities - With rising gold prices and improved visibility on permitting, the company is evaluating opportunities at its Sleeper Gold Project in Nevada to create additional shareholder value, believing there is substantial heap leachable resource potential [6].

Core Viewpoint - Paramount Gold Nevada Corp. held its Annual General Meeting on December 11, 2025, where stockholders voted on various matters, including the election of directors and approval of compensation packages [1][4]. Group 1: Election of Directors - Seven individuals were elected to the Board of Directors for a one-year term expiring at the 2026 AGM: Rudi Fronk, Rachel Goldman, John Carden, Christopher Reynolds, Eliseo Gonzalez-Urien, Pierre Pelletier, and Samantha Espley [2]. - Voting results showed high approval rates for the nominees, with Samantha Espley receiving the highest approval at 98.97% [3]. Group 2: Other Voting Results - Baker Tilly US, LLP was ratified as the independent registered public accounting firm for the fiscal year ending June 30, 2026, with 96.57% votes in favor [4]. - Stockholders approved the compensation for Named Executive Officers with 95.82% votes for [4]. - An advisory resolution for the frequency of future Say on Pay votes was approved, with 56.45% voting for a 3-year frequency [5]. - An amendment to increase the maximum number of shares available for issuance by 2 million was approved, with 70.68% votes in favor [6]. Group 3: Company Overview - Paramount Gold Nevada Corp. is a U.S.-based precious metals exploration and development company focused on creating shareholder value through various strategies, including asset sales and joint ventures [7]. - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain having a positive Feasibility Study and key permitting milestones accomplished [8][9].

Core Viewpoint - Paramount Gold Nevada Corp. has achieved a significant milestone with the Oregon Department of Geology and Mineral Industries publishing the draft consolidated permit package for the Grassy Mountain Gold Project, marking the first time a mining project has advanced through Oregon's consolidated mining permitting framework [2][3]. Group 1: Project Details - The Grassy Mountain Gold Project is designed as a small footprint underground gold mining operation, which aims to create high-quality local jobs, support regional economic activity, and contribute to local and state revenues over the mine's lifespan [5]. - The draft permit package release includes a scheduled public hearing on January 29, 2026, allowing for public comments until February 6, 2026, after which DOGAMI will revise the package before issuing the final permits [4]. Group 2: Company Overview - Paramount Gold Nevada Corp. is a U.S.-based precious metals exploration and development company focused on creating shareholder value through exploring and developing mineral properties [7]. - The company holds 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with the Grassy Mountain project covering approximately 8,200 acres and containing a gold-silver deposit [8].

Financial Performance - For the three months ended September 30, 2025, the net loss was $4,324,338, an increase of 175% compared to a net loss of $1,572,138 for the same period in 2024[86]. - Exploration expenses increased by 43% to $566,096 for the three months ended September 30, 2025, compared to $395,298 in the prior year[87]. - Reclamation expenses decreased by 30% to $37,880 for the three months ended September 30, 2025, down from $53,937 in 2024[88]. - Land holding costs rose to $188,608 for the three months ended September 30, 2025, an increase of $22,043 from $166,565 in the previous year[89]. - Professional fees increased by $73,051 to $245,048 for the three months ended September 30, 2025, compared to $171,997 in the prior year[92]. Cash Position - Cash and cash equivalents increased to $4,165,894 as of September 30, 2025, compared to $1,351,001 as of June 30, 2025[94]. - The company had working capital of approximately $1,256,051 as of September 30, 2025[94]. Future Expenditures - The company expects to incur $2.6 million in cash expenditures for corporate, land claim maintenance, and general expenses over the next twelve months[99]. - The company anticipates $2 million in cash expenditures for discretionary exploration and development activities on the Grassy Mountain Project[99]. Financial Instruments - For warrants that do not meet equity classification criteria, they are recorded as liabilities at their initial fair value and remeasured at each balance sheet date[108]. - Changes in the fair value of warrants are recognized as unrealized gains or losses in Other Expense on the condensed consolidated interim statement of operations[108]. Company Classification and Disclosures - The company is classified as a smaller reporting company, thus certain market risk disclosures are not applicable[110]. - The company does not currently have any off-balance sheet arrangements that could materially affect its financial condition or results of operations[109]. - The company issued 2,146,561 shares under its equity offering program for net proceeds of $1,895,932 during the three months ended September 30, 2025[95].

Financial Performance - The net loss for the year ended June 30, 2025, was $9,050,423, an increase of approximately 12% from the net loss of $8,056,445 in the previous year[218]. Expenses - Exploration and development expenses for the year ended June 30, 2025, were $2,603,457, representing a 26% increase from $2,061,618 in the prior year[220]. - Reclamation expenses at the Sleeper Gold Project decreased by 92% to $200,950 from $2,605,799 in the prior year[222]. - Land holding costs increased by 15% from $647,497 to $743,119 due to increased holding costs per claim enacted by the BLM[223]. - Directors' compensation increased by 61% to $320,848 from $199,590 in the prior year due to higher equity-based compensation[225]. - Professional fees increased by 32% to $446,723 from $337,628 in the prior year, primarily due to consulting and legal fees[226]. Cash Position - Cash and cash equivalents decreased to $1,351,001 as of June 30, 2025, from $5,423,059 as of June 30, 2024[230]. Equity and Future Expenditures - The company issued 4,728,165 shares under its equity offering program for net proceeds of $2,356,709 during the fiscal year ended June 30, 2025[231]. - The company anticipates cash expenditures of $2.7 million for corporate, land claim maintenance, and general expenses for the fiscal year ending June 30, 2026[235]. Asset Retirement Obligation - The asset retirement obligation for the Sleeper Gold Project increased to $2,293,765 from $2,270,288 in the prior year[228].

Core Viewpoint - Gold mining stocks experienced a significant increase, driven by a rise in spot gold prices, which reached a historical high and has seen a 42% increase this year [1] Group 1: Company Performance - Paramount Gold Nevada (PZG.US) rose over 6% [1] - Barrick Gold (B.US) increased by more than 5% [1] - Harmony Gold (HMY.US) saw an increase of over 4% [1] Group 2: Market Trends - Spot gold prices rose nearly 1%, continuing to set historical highs [1] - Year-to-date, gold prices have increased by 42% [1]

Core Points - Paramount Gold Nevada Corp. announced the release of the draft Environmental Impact Statement (DEIS) for its Grassy Mountain gold project in Oregon, marking a significant milestone in the permitting process [1][4] - The DEIS assesses potential environmental impacts and outlines mitigation measures, initiating a 30-day public comment period [2][3] - The final Environmental Impact Statement (EIS) and the Federal Record of Decision (ROD) are expected to be published in December 2025, completing the federal permitting process [3] Company Overview - Paramount Gold Nevada Corp. is a U.S.-based precious metals exploration and development company focused on creating shareholder value through the exploration and development of mineral properties [5] - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain covering approximately 8,200 acres [6] - The Sleeper Gold Project is located in Northern Nevada and includes the former producing Sleeper mine, while the Bald Peak Project is drill-ready and consists of approximately 2,260 acres [7]

Core Insights - Paramount Gold Nevada Corp. has received a two-year extension for its Conditional Use Permit and Sage Grouse Permit, facilitating the development of the Grassy Mountain project [1][2] - The CEO of Paramount expressed gratitude for the support from Malheur County and emphasized the company's commitment to collaborate with federal and state agencies for final permitting [2] - Paramount holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain being a significant gold-silver deposit [3][4] Project Details - The Grassy Mountain Gold Project spans approximately 8,200 acres and is located on private and BLM land in Malheur County, Oregon, with a positive Feasibility Study already released [3] - The Sleeper Gold Project, located in Northern Nevada, includes the former producing Sleeper mine and consists of 2,474 unpatented mining claims covering about 44,917 acres [4] - The Bald Peak Project in Nevada is drill-ready and encompasses approximately 2,260 acres [4]