Paramount Gold Nevada(PZG) - 2025 Q1 - Quarterly Report

Financial Performance - For the three months ended September 30, 2024, the net loss was $1,572,138, a decrease of 24$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$117,799 from $513,097 in the prior year[52]. - Reclamation expenses decreased by 93$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].