Paramount Gold Announces the Voting Results of Its 2025 Annual General Meeting

Rhea-AI Summary

Paramount Gold (NYSE American: PZG) reported the results of its Annual General Meeting held December 11, 2025. Of 78,338,726 shares outstanding as of October 16, 2025, 46,146,357 shares (58.91%) voted.

Seven directors were re-elected for one-year terms: Rudi Fronk, Rachel Goldman, John Carden, Christopher Reynolds, Eliseo Gonzalez-Urien, Pierre Pelletier and Samantha Espley (individual vote percentages ranged from 93.56% to 98.97% for).

There were 17,500,707 broker non-votes. Stockholders ratified Baker Tilly as auditor (96.57% for), approved executive compensation on an advisory basis (95.82% for), approved a 3-year say-on-pay frequency plurality (56.45% for 3 years), and approved an amendment to increase the 2016 equity plan by 2 million shares (70.68% for).

Key Figures

Shares outstanding 78,338,726 shares Entitled to vote at AGM as of Oct 16, 2025 record date

AGM turnout 46,146,357 shares (58.91%) Shares represented and voted at 2025 AGM

Broker non-votes 17,500,707 shares Broker non-votes recorded at 2025 AGM

Auditor ratification support 44,564,352 votes (96.57%) Votes ‘for’ Baker Tilly US, LLP for FY ending Jun 30, 2026

Say on Pay support 27,446,188 votes (95.82%) Advisory approval of Named Executive Officer compensation

Say on Pay frequency 16,171,817 votes (56.45%) Votes favoring 3-year frequency for future Say on Pay

Equity plan increase 2,000,000 shares Incremental shares added to 2016 Stock Incentive and Equity Compensation Plan

Equity plan approval rate 70.68% ‘for’ Votes supporting stock incentive and equity compensation plan amendment

Market Reality Check

$1.18 Last Close

Volume Volume 320,052 is 0.34x the 20-day average of 952,193, showing subdued trading interest ahead of and around the AGM. low

Technical Shares last traded at $1.18, above the 200-day MA of $0.76, and about 16.01% below the $1.405 52-week high while well above the $0.312 52-week low.

Peers on Argus

PZG gained about 0.85% while peers were mixed: TRX up 1.12%, but GORO, VGZ, USAU, and CTGO were down between roughly 1.84% and 9.92%, suggesting today’s move was more stock-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 08	Permitting update	Positive	-0.9%	Oregon issued draft consolidated permit package for Grassy Mountain project.
Sep 25	AGM details & 10-K	Neutral	+2.6%	Announced AGM logistics and disclosed going concern qualification in 10-K.
Aug 08	Federal DEIS release	Positive	+1.4%	BLM released draft EIS for Grassy Mountain, starting comment period.
Jul 28	Permit extension	Positive	-0.6%	County granted two-year extensions for CUP and Sage Grouse permits.
Jul 10	Permitting acceleration	Positive	-4.5%	BLM signaled accelerated EIS timeline under FAST-41 for Grassy Mountain.

Pattern Detected

Recent permitting and corporate news has often seen muted or negative price reactions, even when updates were operationally positive.

Recent Company History

Over the last six months, Paramount has focused on advancing permitting for the Grassy Mountain project and routine corporate governance. Key milestones included accelerated BLM permitting and a draft EIS in August 2025, plus county permit extensions on July 23, 2025. The company also highlighted its 2025 AGM plans and a going concern qualification on Sep 25, 2025, and received Oregon’s draft consolidated permit package on Dec 08, 2025. Today’s AGM vote results finalize that governance cycle.

Market Pulse Summary

This announcement details routine AGM outcomes: all seven director nominees were elected and major proposals, including auditor ratification and Say on Pay, received strong support, with up to 96.57% and 95.82% approval. Stockholders also backed a 2,000,000-share increase to the equity compensation plan. In context of recent permitting progress and earlier going concern language, governance stability and equity authorization are key elements for tracking future financing and project execution.

Key Terms

broker non-votes financial

"There were 17,500,707 broker non-votes."

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

independent registered public accounting firm financial

"ratified by the stockholders as our independent registered public accounting firm for the fiscal year"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

AI-generated analysis. Not financial advice.

WINNEMUCCA, Nev., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE American: PZG) announces the results of the votes from its Annual General Meeting (“AGM”) of stockholders held on December 11, 2025. There were 78,338,726 shares outstanding and entitled to vote at the meeting as of the record date of October 16, 2025, of which, 46,146,357 shares or 58.91 % voted.

The stockholders elected the following seven individuals to Paramount’s Board of Directors for a one-year term expiring at the 2026 AGM: Rudi Fronk, Rachel Goldman, John Carden, Christopher Reynolds, Eliseo Gonzalez-Urien, Pierre Pelletier and Samantha Espley.

Detailed voting results of the election of directors were as follows:

Name of Nominee	For	Withheld	Percentage For	Percentage Withheld
Rudi Fronk	27,000,820	1,644,830	94.26 %	5.74 %
Rachel Goldman	26,992,771	1,652,879	94.23 %	5.77 %
John Carden	26,800,622	1,845,028	93.56 %	6.44 %
Christopher Reynolds	27,058,318	1,587,332	94.46 %	5.54 %
Eliseo Gonzalez-Urien	27,008,530	1,637,120	94.28 %	5.72 %
Pierre Pelletier	27,018,187	1,627,463	94.32 %	5.68 %
Samantha Espley	28,351,803	293,847	98.97 %	1.03 %

There were 17,500,707 broker non-votes.

Baker Tilly US, LLP. was ratified by the stockholders as our independent registered public accounting firm for the fiscal year ending June 30, 2026 with 44,564,352 (96.57 %) votes cast ‘for’, 1,573,698 (3.41 %) ‘against’ and 8,307 (0.02 %) abstaining.

The stockholders approved, on an advisory basis, the compensation paid to Named Executive Officers, with 27,446,188 (95.82 %) votes ‘for’, 562,675 (1.96 %) ‘against’ and 636,787 (2.22 %) abstaining.

The stockholders approved an advisory resolution of 3-years for the frequency of future Say on Pay votes, with 16,171,817 (56.45 %) votes cast ‘for’ 3-years, 921,029 (3.22 %) ‘for’ 2-years, 10,550,033 (36.83 %) ‘for’ 1-year and 1,002,771 (3.50 %) abstaining.

The stockholders approved an amendment to the Company’s 2016 stock Incentive and Equity Compensation to increase the maximum number of shares available to issue by 2 million, with 20,247,339 (70.68 %) votes ‘for’, 7,562,965 (26.40 %) ‘against’ and 835,346 (2.92 %) abstaining.

To stay informed of future press releases, subscribe to our E-Alerts Program and to learn more about our projects visit the projects section of our website.

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. Additional information about Paramount Gold’s portfolio of assets is available at www.paramountnevada.com or by email at info@paramountnevada.com.

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 use of proceeds from the Offerings. 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

How many Paramount Gold (PZG) shares voted at the December 11, 2025 AGM?

46,146,357 shares voted, representing 58.91% of 78,338,726 outstanding shares as of October 16, 2025.

Who was elected to Paramount Gold's board at the 2025 AGM (PZG)?

The board elected Rudi Fronk, Rachel Goldman, John Carden, Christopher Reynolds, Eliseo Gonzalez-Urien, Pierre Pelletier and Samantha Espley to one-year terms.

What was the vote result for Paramount Gold's auditor ratification (PZG) at the 2025 AGM?

Stockholders ratified Baker Tilly as auditor with 44,564,352 votes for (96.57%), 1,573,698 against (3.41%), and 8,307 abstentions (0.02%).

What was the outcome of the advisory Say-on-Pay vote for Paramount Gold (PZG) in 2025?

The advisory vote on executive compensation passed with 27,446,188 votes for (95.82%), 562,675 against (1.96%), and 636,787 abstaining (2.22%).

Did Paramount Gold (PZG) approve a change to its equity compensation plan at the 2025 AGM?

Yes; shareholders approved increasing the 2016 equity plan by 2 million shares with 20,247,339 votes for (70.68%).

What say-on-frequency did Paramount Gold (PZG) stockholders choose at the 2025 AGM?

Stockholders selected a 3-year advisory frequency plurality with 16,171,817 votes (56.45%) in favor of holding Say-on-Pay every three years.