Bureau of Land Management Accelerates Permitting for Paramount’s High-Grade Grassy Mountain Gold Project

Rhea-AI Summary

Paramount Gold Nevada (NYSE American: PZG) has received positive news from the U.S. Bureau of Land Management regarding accelerated permitting for its Grassy Mountain Gold Project. The BLM has indicated that the draft Environmental Impact Statement (DEIS) will be published in early August 2025, with the final EIS and Record of Decision expected in December 2025.

The project's inclusion in the Federal Government's FAST-41 transparency list has facilitated an expedited Environmental Impact Statement process while maintaining environmental review standards. The permitting progress will be publicly tracked through the BLM's permitting dashboard, ensuring transparency for all stakeholders.

Positive

• Accelerated permitting timeline with DEIS expected in August 2025
• Final EIS and Record of Decision expected by December 2025
• Project included in Federal Government's FAST-41 transparency list
• Strong support from BLM in Oregon for expedited process

Negative

• Project still subject to public comment period before final approval

WINNEMUCCA, Nev., July 10, 2025 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) is delighted to announce the U.S. Bureau of Land Management (‘BLM’) has advised the company that following recent changes to NEPA (https://ceq.doe.gov/laws-regulations/regulations.html), the draft Environmental Impact Statement (‘DEIS’) is now expected to be published in early August 2025. With the publication of the DEIS, an updated schedule will be posted on the BLM’s permitting dashboard at e-planning and FAST-41. Following a public comment period, the final EIS and Record of Decision (‘ROD’) are now expected to be published concurrently in December 2025.

Paramount CEO and director, Rachel Goldman stated, “From the time that Grassy Mountain was added to the Federal Government’s FAST-41 transparency list we have received tremendous support from the dedicated and talented individuals at the BLM in Oregon who have helped facilitate the accelerated pathway for the EIS, all while maintaining their standards of environmental review and oversight.”

As described in a press release issued by The White House on May 2, 2025: “Inclusion on the Permitting Dashboard as a transparency project makes the environmental review and authorizations schedule for these vital mineral production projects publicly available and allows all of these projects to benefit from increased transparency. The public nature of the dashboard ensures that all stakeholders, from project sponsors and community members to federal agency leaders have up-to-date accounting of where each project stands in the review process.” 

About Paramount Gold Nevada Corp.

Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering joint ventures with producers for construction and operation; or constructing and operating mines for its own account.

Paramount holds a 100% interest in three projects: Grassy Mountain; Sleeper and Bald Peak.

The Grassy Mountain Gold Project ("Grassy") consists of approximately 8,200 acres located on private and BLM land in Malheur County, Oregon. Grassy contains a gold-silver deposit (100% located on private land) for which results of a positive Feasibility Study have been released and key permitting milestones accomplished.

The Sleeper Gold Project is in Northern Nevada, the world’s premier mining jurisdiction. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,474 unpatented mining claims (approximately 44,917 acres).

The drill ready Bald Peak Project in Nevada consists of approximately 2,260 acres.

Safe Harbor for Forward-Looking Statements

This release and related documents may include "forward-looking statements" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions are intended to identify forward-looking statements, although these words may not be present in all forward-looking statements. Forward-looking statements included in this news release include, without limitation, statements with respect to the timing and success of the permitting of the Grassy Mountain Gold Project. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the conclusions made in the feasibility study for the Grassy Mountain Gold Project (the “FS”); the quantity and grade of resources included in resource estimates; the accuracy and achievability of projections included in the FS; Paramount’s ability to carry on exploration and development activities, including construction; the timely receipt of required approvals and permits; the price of silver, gold and other metals; prices for key mining supplies, including labor costs and consumables, remaining consistent with current expectations; work meeting expectations and being consistent with estimates and plant, equipment and processes operating as anticipated. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results; environmental matters; the ability to obtain required permitting; equipment breakdown or disruptions; additional financing requirements; the completion of a definitive feasibility study for the Grassy Mountain Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs and between estimated and actual production; the global epidemics, pandemics, or other public health crises, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and the other factors described in Paramount’s disclosures as filed with the SEC and the Ontario, British Columbia and Alberta Securities Commissions.

Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.

Paramount Gold Nevada Corp.
Rachel Goldman, CEO and Director
Christos Theodossiou, Director of Corporate Communications
844.488.2233
Twitter: @ParamountNV

FAQ

When will Paramount Gold's (PZG) draft Environmental Impact Statement be published?

The draft Environmental Impact Statement (DEIS) for Paramount Gold's Grassy Mountain Project is expected to be published in early August 2025.

What is the timeline for Paramount Gold's (PZG) final Environmental Impact Statement?

The final Environmental Impact Statement (EIS) and Record of Decision (ROD) are expected to be published concurrently in December 2025.

How does the FAST-41 listing benefit Paramount Gold's (PZG) Grassy Mountain project?

FAST-41 listing provides increased transparency and accelerated pathway for the Environmental Impact Statement while maintaining environmental review standards. The project's progress is publicly tracked on the BLM's permitting dashboard.

What is the current status of Paramount Gold's (PZG) Grassy Mountain Gold Project permitting?

The project is in the final stages of environmental review, with the BLM accelerating the permitting process. The DEIS will be published in August 2025, followed by a public comment period before the final decision in December 2025.