WINNEMUCCA, Nev., May 01, 2025 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that Mr. Glen Van Treek, President, Chief Operating Officer and Director has decided to retire from the Company, effective immediately. Mr. Van Treek has 35 years of experience in all stages of mineral exploration, engineering, and operations across multiple jurisdictions. He joined Paramount Gold Nevada in 2015 after it was spun out of Coeur Mining’s merger with ...

Core Viewpoint - Paramount Gold Nevada Corp. has received unanimous approval from state agencies for its Grassy Mountain mining project, confirming its commitment to environmentally responsible practices and efficient project design [1][3]. Group 1: Project Approval and Environmental Responsibility - The Technical Review Team voted unanimously to approve all components of Paramount's mining, processing, and closure scenarios for the Grassy Mountain operation [1]. - The project design adheres to the best available, practicable, and necessary technologies (BAPNT) to minimize environmental impact [2]. - The Environmental Evaluation for Grassy Mountain was completed by Stantec and approved by the Oregon Department of Geology and Mineral Industries, assessing significant processes and alternatives [3]. Group 2: Project Details and Future Steps - Grassy Mountain consists of approximately 8,200 acres and contains a gold-silver deposit, with a positive Feasibility Study already released [5]. - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with the Sleeper project located in Northern Nevada [6]. - The company is on track to receive draft permits in Q2, which is a critical step in the project development [3][4]. Group 3: Market Context and Strategic Goals - The recent increase in gold prices to record highs highlights the potential value of the Grassy Mountain project for stakeholders [4]. - Paramount's strategy focuses on creating shareholder value through exploration and development, with options to sell assets, enter joint ventures, or operate mines independently [4].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-36908 PARAMOUNT GOLD NEVADA CORP. (Exact name of registrant as specified in its charter) | Nevada | 98-0138393 | | --- | --- ...

Core Points - Paramount Gold Nevada Corp. held its annual general meeting on December 12, 2024, with 66,058,111 shares outstanding, of which 37,451,869 shares (56.70%) voted [1] - Eight individuals were elected to the Board of Directors for a one-year term, including Rudi Fronk and Glen Van Treek [2] - The voting results showed high approval rates for the elected directors, with Glen Van Treek receiving 98.41% of votes in favor [3] - Moss Adams LLP was ratified as the independent registered public accounting firm for the fiscal year ending June 30, 2025, with 99.17% voting in favor [4] Company Overview - Paramount Gold Nevada Corp. is a U.S.-based precious metals exploration and development company focused on creating shareholder value through various strategies, including asset sales and joint ventures [5] - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain being a significant gold-silver deposit [6][7][8]

Financial Performance - For the three months ended September 30, 2024, the net loss was $1,572,138, a decrease of 24% from the net loss of $2,074,160 in the same period of 2023[51]. - The company expects to incur losses for the foreseeable future as it continues with planned exploration and development programs[51]. Expenses - Exploration expenses for the three months ended September 30, 2024 were $395,298, down 23% or $117,799 from $513,097 in the prior year[52]. - Reclamation expenses decreased by 93% to $53,937 for the three months ended September 30, 2024, compared to $746,696 in the same period of 2023[52]. - Land holding costs increased by $9,422 to $166,565 for the three months ended September 30, 2024, compared to $157,143 in the previous year[52]. - Directors' compensation expenses increased by 77% to $51,530 for the three months ended September 30, 2024, compared to $29,033 in the prior year[54]. - Professional fees increased by $116,745 to $171,997 for the three months ended September 30, 2024, primarily due to consulting and legal fees[55]. Cash Position - Cash and cash equivalents as of September 30, 2024 were $4,293,941, down from $5,423,059 as of June 30, 2024[56]. - The company anticipates twelve-month cash expenditures of $3.9 million on corporate, land claim maintenance, and general expenses[57]. - The company issued 114,918 shares under its equity offering program for net proceeds of $46,358 during the three months ended September 30, 2024[57]. Internal Controls and Risk Factors - The management evaluated the effectiveness of disclosure controls and procedures and determined they were effective as of the end of the reporting period[66]. - There were no changes in internal control over financial reporting that materially affected the company's controls during the reporting period[66]. - The company reported no material changes in risk factors from the previous Annual Report[67].

-8UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-36908 PARAMOUNT GOLD NEVADA CORP. (Exact name of Registrant as specified in its Charter) Nevada 98-0138393 (State or other jurisdiction of ...

Core Viewpoint - Paramount Gold Nevada Corp. has secured a joint reclamation bond agreement with the Oregon Department of Geology and Mineral Industries and the Bureau of Land Management, which will reduce capital requirements and administrative burdens for the Grassy Mountain gold mine project [1][2][3] Group 1: Joint Reclamation Bond Agreement - The Memorandum of Understanding (MOU) between DOGAMI and BLM allows Paramount to post a single reclamation bond instead of two, streamlining the process [1][2] - This approach mirrors the environmental bonding practices in Nevada, a mining-friendly jurisdiction [2] - The MOU establishes joint responsibilities for monitoring and managing mining disturbances on both federal and private lands, preventing delays from administrative duplication [3] Group 2: Company Overview - Paramount Gold Nevada Corp. is focused on precious metals exploration and development, aiming to create shareholder value through asset sales, joint ventures, or operating its own mines [4] - The company holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain covering approximately 8,200 acres [5][6] - The Sleeper Gold Project includes 2,474 unpatented mining claims in Northern Nevada, while the Bald Peak Project consists of about 2,260 acres [6]

Financial Performance - For the three months ended March 31, 2024, the net loss was $1,814,045, an increase of 10% compared to a net loss of $1,647,760 for the same period in 2023[91] - For the nine months ended March 31, 2024, the net loss was $5,462,764, an increase of 11% compared to a net loss of $4,920,461 for the same period in 2023[91] - The company expects to incur losses for the foreseeable future as it continues with its planned exploration and development programs[92] - There is substantial doubt about the Company's ability to continue as a going concern within twelve months after the issuance of financial statements due to potential capital shortages[112] Exploration Expenses - Exploration expenses for the three months ended March 31, 2024 were $965,938, a 62% increase from $597,315 in the same period in 2023[93] - Exploration expenses for the nine months ended March 31, 2024 were $3,999,659, a 110% increase from $1,902,312 in the same period in 2023[95] - Exploration expenses are recorded as incurred, with no proven or probable reserves established to date[117] Cash and Financing - Cash and cash equivalents as of March 31, 2024 were $7,012,365, a significant increase from $824,920 as of June 30, 2023[105] - The company closed a $15 million financing with Sprott through the issuance of a Debenture to fund the permitting of the Grassy Mountain Gold Mine[87] - The Company relies on equity financing, debt arrangements, and royalty sales for capital needs, with no assurance of future availability[112] Operating and Administrative Expenses - Directors' compensation expenses for the three months ended March 31, 2024 were $90,076, a 63% increase from $55,366 in the same period in 2023[99] - General and administration expenses decreased by 39% to $148,306 for the three months ended March 31, 2024, down from $242,858 in the same period in 2023[103] - The Company used $3,064,814 in cash for operating activities, primarily for permitting and exploration activities, employee salaries, and general administration costs[113] - The company anticipates twelve-month cash expenditures of $4.0 million on corporate, land claim maintenance, and general expenses[111] Investment Activities - Cash used in investing activities amounted to $100,000 for the purchase agreements of Bald Peak and Frost claims[113] - The Company spent $1.8 million on Grassy Mountain Project permitting activities and $1.7 million on Bald Peak Project[114] Asset Management - The Company capitalizes mineral property acquisition costs and amortizes them over the useful life of the property once production commences[116] - The fair value of the Company's asset retirement obligation is estimated using discounted cash flows, reflecting credit-adjusted risk-free rates and inflation[118] - Management's estimates and assumptions significantly impact the financial statements, particularly regarding reclamation obligations and impairment assessments[115] - The Company is not currently involved in any off-balance sheet arrangements that could materially affect its financial condition[120]

Financing and Capital Structure - Paramount closed a $15 million financing with Sprott through the issuance of a Debenture to fund the permitting of the Grassy Mountain Gold Mine and repay outstanding debt[84]. - The company issued 3,761,515 shares under its equity offering program for net proceeds of $1,140,652 during the six months ended December 31, 2023[102]. - The company expects to fund operations through equity and debt financing, with substantial doubt about its ability to continue as a going concern within twelve months after the financial statements are issued[108]. - The company has existing cash on hand and working capital, along with an ATM program with Cantor Fitzgerald & Co. and Canaccord Genuity LLC[110]. Financial Performance - For the three months ended December 31, 2023, the net loss was $1,574,559, an increase of 10% compared to a net loss of $1,432,485 in the same period of 2022[87]. - Exploration expenses for the three months ended December 31, 2023 were $1,773,930, representing an increase of 281% from $465,402 in the same period of 2022[89]. - For the six months ended December 31, 2023, exploration expenses totaled $3,033,720, an increase of 132% from $1,304,997 in the same period of 2022[91]. - Directors' compensation expenses for the three months ended December 31, 2023 increased by 25% to $28,951 from $23,233 in the same period of 2022[95]. - General and administration expenses decreased by 16% to $181,012 for the three months ended December 31, 2023, down from $214,365 in the same period of 2022[99]. - Cash used in operating activities amounted to $1,527,019, primarily for permitting and exploration activities, employee salaries, and general administration costs[109]. Exploration and Development - The company expects to incur losses for the foreseeable future as it continues with planned exploration and development programs[88]. - The company spent $1.1 million on the Grassy Mountain Project for state and federal permitting activities, and $1.0 million for E-Cell conversions at the Sleeper Gold Project[110]. - The company has not established any proven or probable reserves and continues to expense exploration costs as incurred[113]. Cash Flow and Expenditures - The company anticipates twelve-month cash expenditures of $4.2 million on corporate, land claim maintenance, and general expenses[107]. - Cash used in investing activities was $50,000 for the payment on the agreement to purchase the Bald Peak claims[109]. Accounting and Financial Reporting - The fair value of the company's asset retirement obligation is estimated using a discount factor that reflects the credit-adjusted risk-free rate of interest and inflation[114]. - The company accounts for convertible notes with conversion features in accordance with ASC 815, with fair value changes recognized in the Statement of Operations[115]. - There are currently no off-balance sheet arrangements that could materially affect the company's financial condition or results[116]. - Management considers critical accounting policies related to mineral property acquisition costs, exploration and development costs, and foreign currency translation[109].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Nevada 98-0138393 ( State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-36908 ...