Each one in plain English, with the numbers worked through for a shareholder.
2 June 2026resource reserve update▲ GoodMajor
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.
Paramount's auditor Moss Adams merged into Baker Tilly US, which became its new auditor by succession; Moss Adams' prior audit reports for fiscal 2024 and 2023 had each included a going-concern qualification, an ongoing financial-health flag even as the Sprott financing eased near-term pressure.
Paramount set up a new $3.1 million ATM facility with Cantor Fitzgerald and A.G.P./Alliance Global Partners (replacing Canaccord as a co-agent), after fully selling out the prior $14.5 million ATM program.
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.
Paramount similarly amended its Seabridge Gold bridge loan, extending maturity to November 2023 (or earlier if the same Sprott financing deal closes) and raising the rate from 12% to 13% - the same financing-strain pattern as its convertible notes amendment days earlier.
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.
Paramount adjusted its ATM facility to $2.6 million remaining capacity, having sold $13.3 million of stock cumulatively under the program since late 2020.
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.
Paramount's auditor MNP LLP resigned and the company engaged Moss Adams LLP as its new independent auditor for fiscal 2022, with no disagreements noted.
Paramount set up an at-the-market (ATM) equity sales facility with Cantor Fitzgerald and Canaccord Genuity, allowing it to sell up to $8 million of stock gradually over time as needed.
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.
27 June 2019capital raising announcement▲ GoodMajor
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.
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.
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.
Paramount raised about $3.66 million in a private placement of stock and warrants to help fund development of its newly acquired Grassy Mountain project.
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.
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.
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.
