Small cap mining hopeful Kingsrose Mining (KRM.ASX) has announced a setback at its Penikat Project in Finland. The news has put a temporary halt to the company's winter drilling program.Permit OverturnedThe Northern Finland Administrative Court has overturned the exploration permit for Area 1 of the Penikat project. The decision, announced on December 22, 2025, stems from a procedural error identified within the original permitting process by Tukes, the Finnish Mining Authority.The court has returned the ma ...

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]