Paramount Gold Nevada Corp.

Paramount released a major updated feasibility study for Grassy Mountain: after-tax NPV of $374.7 million and 38.9% IRR at $3,600 gold (more than double the NPV and IRR of the 2022 study), with recoverable gold ounces up 7% to 385,800 and mine life extended to 9.3 years. Federal permitting cleared in January 2026 (BLM Record of Decision and final Environmental Impact Statement); state permitting approval is expected in the second half of 2026 - the project is now substantially de-risked toward a construction decision.

resource reserve update

Paramount closed a much larger, cleaner financing: a $15 million Secured Royalty Convertible Debenture from Sprott, at 10% interest, secured against both Grassy Mountain and Sleeper. Proceeds funded Grassy Mountain permitting and paid off both the 2019 convertible notes and the Seabridge bridge loan - replacing two smaller, increasingly expensive distress-era facilities with one larger strategic financing. If converted, Sprott would hold a 4.75% gross revenue royalty on Grassy Mountain production.

capital raising announcement

Paramount amended its 2019 convertible notes, pushing the maturity out to September 2024 (or earlier if a rumored financing deal with Sprott closes) and raising the interest rate from 7.5% to 12% - signs of tightening finances while a larger refinancing was being negotiated.

debt financing

Paramount took out a $1.5 million bridge loan from Seabridge Gold - a related party, since Seabridge is affiliated with Paramount's own board chairman Rudi Fronk and owns about 6.5% of Paramount's stock. The 12% loan matures in under a year, a sign the company needed financing outside of its normal equity channels.

debt financing

Paramount raised $5.34 million through senior secured convertible notes (7.5% interest, convertible at $1.00/share, secured by all company assets) - its first use of secured debt rather than pure equity to fund the business.

capital raising announcement

Paramount engaged engineering firm Ausenco to prepare a formal feasibility study for the Grassy Mountain gold mine, paying partly in stock held in escrow until the study is delivered - a critical de-risking step toward a construction decision.

capital raising announcement

Paramount sold Franco-Nevada a 2% net smelter return royalty on its Sleeper Gold property in northern Nevada for $2 million cash - non-dilutive funding, and confirmation that Sleeper (not just Grassy Mountain) is a real asset in Paramount's portfolio.

material agreement

Paramount raised about $7.0 million combining a public offering (led by Canaccord Genuity and Cantor Fitzgerald) with a concurrent private placement to strategic investors FCMI Parent Co. and Seabridge Gold - its first broad public capital markets offering since the Calico deal, and the start of Seabridge's long-running shareholder relationship.

capital raising announcement

Paramount completed its acquisition of Calico Resources, issuing about 7.2 million shares (worth roughly $15.2 million) - Calico, and its Grassy Mountain Gold Project in Oregon, is now a wholly-owned subsidiary.

business combination

Paramount agreed to acquire Calico Resources Corp., owner of the Grassy Mountain Gold Project in Oregon, in an all-stock deal (0.07 Paramount shares per Calico share) that would leave existing Paramount holders with 54-57% of the combined company and Calico holders with the rest - bringing in what would become Paramount's flagship development asset.

business combination

Paramount Gold Nevada Corp. was spun off from Paramount Gold and Silver Corp. as an independent, NYSE MKT-listed company (ticker PZG), in connection with Coeur Mining's acquisition of the parent. Coeur contributed $8.25 million in equity funding and bought a 4.9% stake for $1.47 million cash; former parent shareholders received the remaining ~95.1% via a pro-rata stock dividend.

asset acquisition disposition

the New York Stock Exchange certified Paramount Gold Nevada Corp.'s securities for listing, clearing them to begin trading.

listing compliance notice