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]

WINNEMUCCA, Nev., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announces today that the U.S. Bureau of Land Management (“BLM”) has confirmed that the final Environmental Impact Statement (“EIS”) and Record of Decision (“ROD”) for the Grassy Mountain Gold Project are scheduled to be issued in January 2026. Project and permitting timelines can be tracked at our dedicated project website at: https://grassymountaingold.com/. “Between the US F ...

WINNEMUCCA, Nev., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE American: PZG) announces the results of the votes from its Annual General Meeting (“AGM”) of stockholders held on December 11, 2025. There were 78,338,726 shares outstanding and entitled to vote at the meeting as of the record date of October 16, 2025, of which, 46,146,357 shares or 58.91 % voted. The stockholders elected the following seven individuals to Paramount’s Board of Directors for a ...

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]

Core Viewpoint - Paramount Gold Nevada Corp. is progressing towards the publication of the draft Environmental Impact Statement (DEIS) for the Grassy Mountain Gold Project, with expectations for its release in early August 2025, followed by the final EIS and Record of Decision (ROD) in December 2025 [1][2]. 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 its mineral properties [3]. - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak [4]. Project Details - The Grassy Mountain Gold Project spans approximately 8,200 acres in Malheur County, Oregon, containing a gold-silver deposit located entirely on private land, with a positive Feasibility Study already released [4]. - 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 [5]. - The Bald Peak Project in Nevada is drill-ready and encompasses approximately 2,260 acres [5]. Regulatory and Environmental Review - The U.S. Bureau of Land Management (BLM) has facilitated an accelerated pathway for the Environmental Impact Statement (EIS) process, ensuring environmental standards are maintained [2]. - The inclusion of the Grassy Mountain project on the Federal Government's FAST-41 transparency list has enhanced public access to the environmental review and authorization schedule [2].