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]
BLM and DOGAMI Agree to a Joint Reclamation Bond for the Proposed Grassy Mountain Gold and Silver Mine