Paramount Gold Achieves Key Permit Extension for Grassy Mountain

Paramount Gold Announces Permit Extension for Grassy Mountain

Paramount Gold Nevada Corp. (NYSE American: PZG) has recently secured a crucial two-year extension of its Conditional Use Permit (CUP) along with its Sage Grouse Permit (SGP). This announcement was made during a public meeting organized by the Malheur County Planning Department. The commitment and support from the local authorities have been central to Paramount's journey in advancing the development of the Grassy Mountain project.

CEO’s Commitment to Collaboration

Rachel Goldman, CEO of Paramount, expressed gratitude for the support received from Malheur County, highlighting the importance of strong stakeholder relationships in pushing the Grassy Mountain project forward. Goldman conveyed optimism about collaborating with various Federal and State agencies to finalize permitting processes shortly, which are essential for reaching a construction decision.

Understanding Grassy Mountain

The Grassy Mountain Gold Project spans approximately 8,200 acres on both private and Bureau of Land Management (BLM) land in Oregon. It boasts a significant gold-silver deposit located entirely on private land, and its positive feasibility study results have already paved the way for achieving several key regulatory milestones. This project represents not only a valuable natural resource but also a remarkable opportunity for job creation and economic development in the area.

Other Projects in the Pipeline

In addition to Grassy Mountain, Paramount Gold holds a 100% interest in two other major projects: Sleeper and Bald Peak. The Sleeper Gold Project is located in Northern Nevada, a globally recognized mining jurisdiction, and consists of 2,474 unpatented mining claims covering around 44,917 acres, including the previously productive Sleeper mine. Meanwhile, the Bald Peak Project, which is also situated in Nevada, is recognized for its drill-ready status and covers around 2,260 acres, thus presenting further opportunities for exploration and development.

Strategic Approach to Shareholder Value

Paramount Gold’s strategy focuses on creating substantial shareholder value through exploration and development. The company's methodology includes three primary paths to realizing value: divesting assets to established producers, forming joint ventures for construction and operation, or independently constructing and operating mines. This multifaceted strategy allows for flexibility and adaptability within the fluctuating markets of precious metal mining.

Commitment to Transparency and Forward Planning

While the company is enthusiastic about its future, it also conveys the importance of transparency and caution, particularly regarding forward-looking statements. Paramount Gold remains realistic about the uncertainties that can accompany exploration and development activities, including regulatory approval processes, environmental concerns, and fluctuating market conditions.

Frequently Asked Questions

What permits has Paramount Gold received an extension for?

Paramount Gold has obtained a two-year extension for its Conditional Use Permit (CUP) and Sage Grouse Permit (SGP).

What is the significance of the Grassy Mountain Project?

The Grassy Mountain Project is significant due to its rich gold-silver deposit and its potential to contribute to local economic development.

How does Paramount Gold plan to create shareholder value?

Paramount Gold aims to create shareholder value through asset sales, joint ventures, or by independently developing mines.

Where are Paramount Gold's other projects located?

In addition to Grassy Mountain, Paramount Gold has projects in Northern Nevada, including the Sleeper and Bald Peak projects.

Who are the key contacts at Paramount Gold?

Key contacts include Rachel Goldman, CEO, and Christos Theodossiou, Director of Corporate Communications. They can be reached at 844.488.2233.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.