Welcome to our dedicated page for Paramount Gold Nevada news (Ticker: PZG), a resource for investors and traders seeking the latest updates and insights on Paramount Gold Nevada stock.
Paramount Gold Nevada Corp. (PZG) is a U.S.-based precious metals exploration company focused on discovering and developing gold and silver projects. The company boasts a substantial inventory of gold ounces relative to its outstanding shares, offering its shareholders significant exposure to gold price fluctuations.
Paramount holds a 100% working interest in the Grassy Mountain Gold Project, spanning approximately 9,300 acres of private and Bureau of Land Management (BLM) land in Malheur County, Oregon. This project includes a gold-silver deposit entirely located on private land, for which a Preliminary Economic Assessment (PEA) has been prepared, achieving key permitting milestones.
Additionally, Paramount owns a 100% interest in the Sleeper Gold Project situated in northern Nevada. The Sleeper Gold Project, which includes the historical Sleeper Mine, comprises 2,322 unpatented mining claims covering around 60 square miles or 15,500 hectares.
The company’s strategy revolves around creating shareholder value by exploring and developing its mineral properties. Paramount enhances the value of its projects through targeted exploration and engineering programs aimed at expanding and upgrading known mineralized materials to reserves. The company seeks to realize the value of its projects either by selling them to producers, joint venturing with other companies, or developing and operating small mines independently.
Recent achievements include the Bureau of Land Management filing the Notice of Intent (NOI) in the Federal Registry for the Grassy Mountain Gold Project, initiating the preparation of an Environmental Impact Statement (EIS) as part of the National Environmental Policy Act (NEPA) process.
For more information, visit the Paramount Gold Nevada Corp. website and stay updated on the latest news and press releases.
Paramount Gold Nevada Corp. (NYSE American: PZG) has received approval for the Environmental Evaluation (EE) outline related to its proposed Grassy Mountain Gold Mine from all Oregon State agencies involved in the permitting process. This approval is crucial for the preparation of necessary permits, signaling regulatory commitment to advancing the project. The EE was conducted by Stantec, and the company expects the state to issue permits within 225 days once the Consolidated Permit Application is complete. Paramount holds a 100% interest in four gold projects, with the Grassy Mountain project featuring a positive feasibility study.
Paramount Gold Nevada Corp. (NYSE American: PZG) has signed a non-binding term sheet with Sprott Resource and Streaming Royalty Corp. for a Royalty Convertible Note (RCN) that could yield between $10 million and $15 million. The funds will be utilized for permitting the Grassy Mountain Gold Mine, corporate purposes, and repaying existing convertible notes due in September. The RCN carries a 10% annual interest, payable in cash or shares, converting into a royalty on gold and silver production. CEO Rachel Goldman expressed optimism about progressing to permitting and construction amid challenging market conditions.
Paramount Gold Nevada Corp. (NYSE American: PZG) announced that the Oregon Department of Geology and Mineral Industries has accepted its Cultural Resources Baseline Data Report as complete. This acceptance is a vital milestone for the Grassy Mountain Project, paving the way for the permit drafting phase. CEO Rachel Goldman emphasized the importance of this achievement, stating it prepares the project for the next regulatory steps. Concurrently, the Federal Plan of Operations has also been approved, initiating the NEPA process. Paramount holds a 100% interest in several gold projects, including Grassy Mountain, which has a positive Feasibility Study and key permitting accomplished.
Paramount Gold Nevada Corp. (PZG) held its annual meeting on December 13, 2022, with 48.85% of shares voting. Seven directors were elected for a one-year term, including Rudi Fronk and Glen Van Treek. Notably, the stockholders ratified Moss Adams LLP as independent auditors for 2023, receiving over 99% approval. Paramount holds a 100% interest in four gold projects, including the Grassy Mountain project, which has completed a positive feasibility study. The company aims to enhance shareholder value through exploration and asset development.
Paramount Gold Nevada Corp. (NYSE American: PZG) has received a drilling permit from the US Forest Service for its Bald Peak Project in Mineral County, Nevada. The project features a 4-mile-long area with rich gold mineralization, evidenced by surface samples averaging 2.62 g/T gold, with maximum values reaching 10.58 g/T. The upcoming drill program aims to confirm these results at depth, targeting regions with the highest gold occurrences. Paramount's geophysical surveys indicate promising anomalies, enhancing the potential for discovering a new open-pit gold deposit.
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