Paramount Gold Expects to Receive Final Federal Approvals in January 2026 for its High Grade Grassy Mountain Gold Project and Provides Corporate Update on 2025 Achievements

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].