Financial Performance - For the three months ended December 31, 2024, the net loss was $2,031,489, an increase of 29% compared to a net loss of $1,574,559 for the same period in 2023[86] - For the six months ended December 31, 2024, the net loss was $3,603,627, a slight decrease of 1% compared to a net loss of $3,648,719 for the same period in 2023[86] Expenses - Exploration expenses for the three months ended December 31, 2024 were $377,112, representing a 24% increase from $304,033 in the same period in 2023[88] - Reclamation expenses for the three months ended December 31, 2024 were $16,420, a significant decrease of 99% from $1,469,897 in the same period in 2023[89] - Land holding costs for the three months ended December 31, 2024 increased by 19% to $186,389 from $157,143 in the same period in 2023[90] - Directors' compensation expenses for the three months ended December 31, 2024 were $48,447, an increase of 67% compared to $28,951 in the same period in 2023[97] - Professional fees for the six months ended December 31, 2024 were $257,231, an increase of 68% compared to $153,567 in the same period in 2023[101] Cash Position - As of December 31, 2024, the company had cash and cash equivalents of $3,405,400, down from $5,423,059 as of June 30, 2024[103] Future Expenditures - The company expects to incur $4.1 million in cash expenditures for corporate, land claim maintenance, and general expenses over the next twelve months[109] - The company anticipates $1.95 million in cash expenditures for state and federal permitting activities related to the Grassy Mountain Project over the next twelve months[109] Accounting and Financial Reporting - The Company capitalizes mineral property acquisition costs and amortizes them over the useful life of a property once production commences[113] - Exploration expenses are recorded as incurred, with no proven or probable reserves established to date, leading to continued expensing of exploration costs[114] - The fair value of the Company's asset retirement obligation (ARO) is estimated using discounted cash flows, reflecting significant judgments and estimates[115] - Convertible debt with embedded conversion features is assessed for separate accounting as derivatives, impacting the financial results based on fair value changes[116] - The Company does not currently engage in any off-balance sheet arrangements that could materially affect its financial condition or results[117]

Core Points - Paramount Gold Nevada Corp. held its annual general meeting on December 12, 2024, with 66,058,111 shares outstanding, of which 37,451,869 shares (56.70%) voted [1] - Eight individuals were elected to the Board of Directors for a one-year term, including Rudi Fronk and Glen Van Treek [2] - The voting results showed high approval rates for the elected directors, with Glen Van Treek receiving 98.41% of votes in favor [3] - Moss Adams LLP was ratified as the independent registered public accounting firm for the fiscal year ending June 30, 2025, with 99.17% voting in favor [4] 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 [5] - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain being a significant gold-silver deposit [6][7][8]

Financial Performance - The net loss for the year ended June 30, 2024, was $8,056,445, an increase of approximately 25% compared to a net loss of $6,450,531 in the previous year[147]. Expenses - Exploration and development expenses for the year ended June 30, 2024, were $2,061,618, a decrease of 15% or $361,938 from $2,423,556 in the prior year[148]. - Reclamation expenses at the Sleeper Gold Project increased by 1414% to $2,605,799 from $172,153 in the prior year, primarily due to the conversion of historical collection ponds[148]. - Directors' compensation increased by 39% to $199,590 from $143,192 in the prior year due to higher cash retainers and equity-based compensation[150]. - Professional fees decreased by 11% to $337,628 from $377,822 in the prior year, attributed to one-time consulting and legal fees incurred previously[151]. Cash Position - Cash and cash equivalents at June 30, 2024, were $5,423,059, significantly up from $824,920 as of June 30, 2023[153]. Share Issuance - The company issued 6,379,754 shares during the fiscal year for net proceeds of $1,923,120 under its equity offering program[154]. Future Expenditures - The company anticipates twelve-month cash expenditures of $4.0 million for corporate, land claim maintenance, and general expenses for the fiscal year ending June 30, 2025[156]. - The company expects to budget $1.8 million for state and federal permitting activities at the Grassy Mountain Project[156]. Asset Retirement Obligation - The asset retirement obligation for the Sleeper Gold Project decreased to $2,270,288 from $4,436,902, a net decrease of $2,166,614[152].

Core Viewpoint - Paramount Gold Nevada Corp. has secured a joint reclamation bond agreement with the Oregon Department of Geology and Mineral Industries and the Bureau of Land Management, which will reduce capital requirements and administrative burdens for the Grassy Mountain gold mine project [1][2][3] Group 1: Joint Reclamation Bond Agreement - The Memorandum of Understanding (MOU) between DOGAMI and BLM allows Paramount to post a single reclamation bond instead of two, streamlining the process [1][2] - This approach mirrors the environmental bonding practices in Nevada, a mining-friendly jurisdiction [2] - The MOU establishes joint responsibilities for monitoring and managing mining disturbances on both federal and private lands, preventing delays from administrative duplication [3] Group 2: Company Overview - Paramount Gold Nevada Corp. is focused on precious metals exploration and development, aiming to create shareholder value through asset sales, joint ventures, or operating its own mines [4] - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain covering approximately 8,200 acres [5][6] - The Sleeper Gold Project includes 2,474 unpatented mining claims in Northern Nevada, while the Bald Peak Project consists of about 2,260 acres [6]

Financial Performance - For the three months ended March 31, 2024, the net loss was $1,814,045, an increase of 10% compared to a net loss of $1,647,760 for the same period in 2023[91] - For the nine months ended March 31, 2024, the net loss was $5,462,764, an increase of 11% compared to a net loss of $4,920,461 for the same period in 2023[91] - The company expects to incur losses for the foreseeable future as it continues with its planned exploration and development programs[92] - There is substantial doubt about the Company's ability to continue as a going concern within twelve months after the issuance of financial statements due to potential capital shortages[112] Exploration Expenses - Exploration expenses for the three months ended March 31, 2024 were $965,938, a 62% increase from $597,315 in the same period in 2023[93] - Exploration expenses for the nine months ended March 31, 2024 were $3,999,659, a 110% increase from $1,902,312 in the same period in 2023[95] - Exploration expenses are recorded as incurred, with no proven or probable reserves established to date[117] Cash and Financing - Cash and cash equivalents as of March 31, 2024 were $7,012,365, a significant increase from $824,920 as of June 30, 2023[105] - The company closed a $15 million financing with Sprott through the issuance of a Debenture to fund the permitting of the Grassy Mountain Gold Mine[87] - The Company relies on equity financing, debt arrangements, and royalty sales for capital needs, with no assurance of future availability[112] Operating and Administrative Expenses - Directors' compensation expenses for the three months ended March 31, 2024 were $90,076, a 63% increase from $55,366 in the same period in 2023[99] - General and administration expenses decreased by 39% to $148,306 for the three months ended March 31, 2024, down from $242,858 in the same period in 2023[103] - The Company used $3,064,814 in cash for operating activities, primarily for permitting and exploration activities, employee salaries, and general administration costs[113] - The company anticipates twelve-month cash expenditures of $4.0 million on corporate, land claim maintenance, and general expenses[111] Investment Activities - Cash used in investing activities amounted to $100,000 for the purchase agreements of Bald Peak and Frost claims[113] - The Company spent $1.8 million on Grassy Mountain Project permitting activities and $1.7 million on Bald Peak Project[114] Asset Management - The Company capitalizes mineral property acquisition costs and amortizes them over the useful life of the property once production commences[116] - The fair value of the Company's asset retirement obligation is estimated using discounted cash flows, reflecting credit-adjusted risk-free rates and inflation[118] - Management's estimates and assumptions significantly impact the financial statements, particularly regarding reclamation obligations and impairment assessments[115] - The Company is not currently involved in any off-balance sheet arrangements that could materially affect its financial condition[120]

Financing and Capital Structure - Paramount closed a $15 million financing with Sprott through the issuance of a Debenture to fund the permitting of the Grassy Mountain Gold Mine and repay outstanding debt[84]. - The company issued 3,761,515 shares under its equity offering program for net proceeds of $1,140,652 during the six months ended December 31, 2023[102]. - The company expects to fund operations through equity and debt financing, with substantial doubt about its ability to continue as a going concern within twelve months after the financial statements are issued[108]. - The company has existing cash on hand and working capital, along with an ATM program with Cantor Fitzgerald & Co. and Canaccord Genuity LLC[110]. Financial Performance - For the three months ended December 31, 2023, the net loss was $1,574,559, an increase of 10% compared to a net loss of $1,432,485 in the same period of 2022[87]. - Exploration expenses for the three months ended December 31, 2023 were $1,773,930, representing an increase of 281% from $465,402 in the same period of 2022[89]. - For the six months ended December 31, 2023, exploration expenses totaled $3,033,720, an increase of 132% from $1,304,997 in the same period of 2022[91]. - Directors' compensation expenses for the three months ended December 31, 2023 increased by 25% to $28,951 from $23,233 in the same period of 2022[95]. - General and administration expenses decreased by 16% to $181,012 for the three months ended December 31, 2023, down from $214,365 in the same period of 2022[99]. - Cash used in operating activities amounted to $1,527,019, primarily for permitting and exploration activities, employee salaries, and general administration costs[109]. Exploration and Development - The company expects to incur losses for the foreseeable future as it continues with planned exploration and development programs[88]. - The company spent $1.1 million on the Grassy Mountain Project for state and federal permitting activities, and $1.0 million for E-Cell conversions at the Sleeper Gold Project[110]. - The company has not established any proven or probable reserves and continues to expense exploration costs as incurred[113]. Cash Flow and Expenditures - The company anticipates twelve-month cash expenditures of $4.2 million on corporate, land claim maintenance, and general expenses[107]. - Cash used in investing activities was $50,000 for the payment on the agreement to purchase the Bald Peak claims[109]. Accounting and Financial Reporting - The fair value of the company's asset retirement obligation is estimated using a discount factor that reflects the credit-adjusted risk-free rate of interest and inflation[114]. - The company accounts for convertible notes with conversion features in accordance with ASC 815, with fair value changes recognized in the Statement of Operations[115]. - There are currently no off-balance sheet arrangements that could materially affect the company's financial condition or results[116]. - Management considers critical accounting policies related to mineral property acquisition costs, exploration and development costs, and foreign currency translation[109].

Financial Performance - For the three months ended September 30, 2023, the net loss was $2,074,160, an increase of 11% compared to a net loss of $1,840,216 for the same period in 2022 [73]. - Exploration expenses for the three months ended September 30, 2023, were $1,259,793, representing a 50% increase of $420,199 from $839,594 in the prior year [74]. - General and administration expenses decreased by 16% to $133,632 for the three months ended September 30, 2023, down from $159,174 in the prior year [79]. - Directors' compensation expenses decreased by 18% to $29,033 for the three months ended September 30, 2023, compared to $35,341 in the previous year [77]. - Professional fees decreased by $78,076 to $55,252 for the three months ended September 30, 2023, from $133,328 in the prior year [78]. Cash and Capital - Cash and cash equivalents as of September 30, 2023, were $1,014,128, up from $824,920 as of June 30, 2023 [80]. - The company had negative working capital of approximately $7.7 million, primarily due to accounts payable and current obligations [80]. - The company issued 3,515,257 shares under its equity offering program for net proceeds of $1,088,528 during the three months ended September 30, 2023 [82]. - The company expects to incur approximately $6.0 million in capital to repay the 2019 convertible notes and the note payable to Seabridge due in September 2024 and November 2023, respectively [88]. Project and Exploration Activities - The company plans to allocate $2.3 million for permitting activities on the Grassy Mountain Project and $1.5 million for E-Cell conversions at the Sleeper Gold Project [89]. - The company has not established any proven or probable reserves and continues to expense exploration costs as incurred [94]. Asset Retirement Obligation - The fair value of the asset retirement obligation (ARO) is measured by discounting expected cash flows, considering the credit-adjusted risk-free rate and inflation [95]. Off-Balance Sheet Arrangements - The company is not involved in any off-balance sheet arrangements that could materially affect its financial condition or results of operations [96].

Financial Performance - The net loss for the year ended June 30, 2023, was $6,450,531, a decrease of approximately 18% from the net loss of $7,837,316 in the previous year[198]. - Exploration and development expenses for the year ended June 30, 2023, were $2,595,709, representing a decrease of 41% or $1,840,557 from $4,436,266 in the prior year[199]. - Directors' compensation increased by 26% or $29,475 from the prior year, reflecting higher stock-based compensation[203]. - Professional fees increased by 189% to $377,822 due to audit fees and one-time consulting and legal fees[204]. - The asset retirement obligation for the Sleeper Gold Project decreased to $4,436,902 from $4,475,270 in the prior year[206]. Cash and Financing - The company had cash and cash equivalents of $824,920 as of June 30, 2023, down from $2,484,156 at the same date in 2022[208]. - The company expects to incur approximately $6.0 million in capital to repay the 2019 convertible notes and the note payable to Seabridge due in September 2024 and November 2023, respectively[213]. - For the fiscal year ending June 30, 2024, the company anticipates cash expenditures of $4.1 million on corporate, land claim maintenance, and general expenses[214]. - The company plans to fund operations through equity and debt financing, with substantial doubt about its ability to continue as a going concern if additional financing is not secured[217]. Operations and Projects - The company completed various permitting activities for the Grassy Mountain Project, with the Federal Bureau of Land Management accepting the Plan of Operation as complete[198]. Asset Management - The fair value of the Company's asset retirement obligation (ARO) is measured by discounting expected cash flows using a credit-adjusted risk-free rate of interest[223]. - The Company does not currently engage in any off-balance sheet arrangements that could materially affect its financial condition or operations[225]. - The Company holds cash balances in both U.S. and Canadian dollars, with most transactions conducted in U.S. dollars[226]. - Strengthening of the U.S. dollar positively impacts expenses in Canadian dollars, while weakening may increase those expenses[227]. - The Company's investment policy focuses on capital preservation and liquidity, with interest earned on cash balances affected by U.S. interest rate fluctuations[228].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-36908 PARAMOUNT GOLD NEVADA CORP. (Exact name of registrant as specified in its charter) Nevada 98-0138393 ( State or other juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-36908 PARAMOUNT GOLD NEVADA CORP. (Exact name of registrant as specified in its charter) Nevada 98-0138393 ( State or other j ...