Paramount Gold Receives Federal Approval for the Grassy Mountain Gold Project

Rhea-AI Summary

Paramount Gold Nevada (NYSE American: PZG) announced the Bureau of Land Management has signed the Record of Decision (ROD) for the Grassy Mountain Gold Project in Malheur County, Oregon on Jan 29, 2026. The ROD completes the NEPA federal review and follows inclusion on the FAST-41 permitting dashboard, making Grassy Mountain shovel-ready and available via BLM e-planning and FAST-41 portals.

The company said the FEIS incorporated public comments and that approval supports responsible development, community engagement, and potential local economic and job benefits.

Positive

• Federal Record of Decision (ROD) issued for Grassy Mountain project
• Project designated as shovel-ready following NEPA completion
• Inclusion on FAST-41 Permitting Dashboard streamlined federal review
• FEIS incorporated public comments and BLM environmental analysis

Negative

• None.

News Market Reaction

-3.89% 4.6x vol

37 alerts

-3.89% News Effect

+80.0% Peak Tracked

-18.5% Trough Tracked

-$8M Valuation Impact

$194M Market Cap

4.6x Rel. Volume

On the day this news was published, PZG declined 3.89%, reflecting a moderate negative market reaction. Argus tracked a peak move of +80.0% during that session. Argus tracked a trough of -18.5% from its starting point during tracking. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $8M from the company's valuation, bringing the market cap to $194M at that time. Trading volume was very high at 4.6x the daily average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Reality Check

Price: $1.77 Vol: Volume 2,182,585 vs 20-da...

high vol

$1.77 Last Close

Volume Volume 2,182,585 vs 20-day avg 1,114,283 (relative volume 1.96x). high

Technical Price 1.73 trading above 200-day MA at 0.91, near 52-week high of 1.877.

Peers on Argus

PZG is up 2.86% while key gold peers (TRX, GORO, VGZ, USAU, CTGO) show declines ...

1 Up 1 Down

PZG is up 2.86% while key gold peers (TRX, GORO, VGZ, USAU, CTGO) show declines between about -2% and -9%, indicating a stock-specific reaction rather than a sector-wide gold move.

Historical Context

5 past events · Latest: Dec 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 16	Project update guidance	Positive	+0.0%	Guided to final EIS and ROD in Jan 2026 and feasibility work.
Dec 15	AGM voting results	Neutral	+0.0%	Reported director re-elections and shareholder approvals at 2025 AGM.
Dec 08	State draft permits	Positive	-0.9%	Oregon issued draft consolidated permit package for Grassy Mountain.
Sep 25	AGM and 10-K	Negative	+2.6%	Announced AGM details and disclosed a going concern qualification.
Aug 08	Federal DEIS release	Positive	+1.4%	BLM released draft EIS and outlined path to final ROD.

Pattern Detected

Recent project and permitting milestones often showed muted or contrary price reactions, with only some positive permitting news aligning with modest gains.

Recent Company History

Over the last six months, Paramount’s news flow centered on advancing the Grassy Mountain project and corporate governance. In Aug 2025, the BLM released the draft EIS, followed by Oregon’s draft consolidated permit in Dec 2025. Another Dec 16, 2025 update guided to final EIS and ROD timing and a feasibility study update. Governance items included AGM details and voting results. Today’s federal Record of Decision fits this sequence as the key federal permitting milestone for Grassy Mountain.

Market Pulse Summary

This announcement marks a pivotal regulatory step, with the federal Record of Decision and Final Env...

Analysis

This announcement marks a pivotal regulatory step, with the federal Record of Decision and Final Environmental Impact Statement completing the NEPA review for Grassy Mountain. It follows the draft EIS in Aug 2025 and Oregon’s draft consolidated permit in Dec 2025, moving the project toward a shovel‑ready stage. Investors may watch for final state permits, updated feasibility work, and any follow‑on financing or construction decisions as the next key milestones.

Key Terms

record of decision, national environmental policy act, final environmental impact statement, nepa, +2 more

6 terms

record of decision regulatory

"announced today that the Record of Decision (“ROD”) for its Grassy Mountain"

A record of decision is an official written statement from a government regulator that explains and finalizes its approval or denial of a proposed project after reviewing environmental and legal factors. For investors, it matters because it removes a major regulatory uncertainty — like a referee’s final whistle — allowing a project to move forward, be funded, or be halted, which can change timelines, costs, and potential liabilities.

national environmental policy act regulatory

"environmental review process under the National Environmental Policy Act (“NEPA”)."

A U.S. law that requires federal agencies to evaluate and disclose the likely environmental effects of major projects and decisions before they proceed. For investors, that review can delay approvals, add compliance costs, or change project plans—like a required safety inspection that can uncover problems or require fixes before construction continues—so NEPA processes are a key source of timing, cost and legal risk for projects involving federal permits or funding.

final environmental impact statement regulatory

"The Final Environmental Impact Statement (FEIS) incorporates feedback received"

A final environmental impact statement is the official, comprehensive report that assesses the likely environmental effects of a proposed project, describes alternatives, lists steps to reduce harm, and includes responses to public and agency comments. For investors it is like a project’s environmental report card: it signals whether regulators are likely to approve permits, how much delay or added cost to expect, and the legal or reputational risks that could affect a project's timeline or value.

nepa regulatory

"environmental review process under the National Environmental Policy Act (“NEPA”)."

The National Environmental Policy Act (NEPA) is a U.S. law that requires federal agencies to evaluate and report the environmental impacts of major projects, like permitting, construction, or resource development. For investors, NEPA is important because its reviews and required studies can delay, alter, or block projects—much like a safety inspection that must be passed before a vehicle is allowed on the road—affecting timelines, costs and the potential revenue of affected companies.

fast-41 regulatory

"included on the United States Federal Permitting Improvement Steering Council (“Permitting Council”) FAST-41 Transparency"

A FAST-41 designation comes from a U.S. law that sets up a coordinated, time-lined review process for large federal infrastructure projects, aiming to reduce delays by having agencies work together and meet clear deadlines. For investors, it matters because projects with FAST-41 oversight are likelier to reach permits and construction on schedule, reducing the risk of costly hold-ups much like a traffic controller clearing lanes so a convoy can move without unexpected stops.

permitting dashboard regulatory

"Permitting Council”) FAST-41 Transparency Projects Permitting Dashboard in May 2025"

A permitting dashboard is a centralized visual summary that tracks the status of required government permissions, licenses and regulatory approvals for a project or operation. Investors use it like a flight-status board to see which permits are approved, pending, or delayed, because permit progress affects a company’s ability to start work, generate revenue, and face regulatory risk — making timelines and costs easier to assess at a glance.

AI-generated analysis. Not financial advice.

WINNEMUCCA, Nev., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that the Record of Decision (“ROD”) for its Grassy Mountain Gold Project (“Grassy Mountain”), located in Malheur County, Oregon has been signed.

The issuance of the ROD represents the culmination of the federal environmental review process under the National Environmental Policy Act (“NEPA”). The Final Environmental Impact Statement (FEIS) incorporates feedback received during the public comment period and reflects the BLM’s rigorous environmental, socio-economic and alternative analysis to support responsible development on federal lands for the benefit of all stakeholders.

With the inclusion of Grassy Mountain on the United States Federal Permitting Improvement Steering Council (“Permitting Council”) FAST-41 Transparency Projects Permitting Dashboard in May 2025, the project has benefited from a streamlined and transparent review process for federal approval. The FEIS and ROD will be available on the BLM’s permitting dashboard through the e-planning and FAST-41 portals. Additional information on the Grassy Mountain permitting process is available at www.grassymountaingold.com.

Paramount CEO, Rachel Goldman, commented, “The continued de-risking of Grassy Mountain reflects many years of thorough technical and environmental work, as well as sustained community engagement by Paramount and our dedicated consultants. We appreciate the commitment of the Oregon Bureau of Land management in managing an efficient and transparent review process ensuring the best possible project for all stakeholders. We welcome the Record of Decision as a historic milestone for both Grassy Mountain and the State of Oregon. With this approval, Grassy Mountain becomes a shovel-ready project that will contribute to the reinvigorated US mining industry, stimulating the local economy in Malheur County, Oregon with high-quality jobs”.

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, one of the world’s premier mining jurisdictions. 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," “may,” “continue,” “intend,” "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 and the Sleeper 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 Sleeper 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

What did Paramount (PZG) announce about Grassy Mountain on January 29, 2026?

Paramount announced the BLM signed the Record of Decision for Grassy Mountain, completing NEPA review. According to the company, the ROD and FEIS finalize federal approval and make the project shovel-ready with documents available on BLM e-planning and the FAST-41 portal.

Does the Record of Decision make Grassy Mountain shovel-ready for Paramount (PZG)?

Yes. The company says the ROD finalizes permitting and renders Grassy Mountain shovel-ready. According to the company, the FEIS incorporated public input and the FAST-41 process helped streamline the federal review for next-stage development and potential construction planning.

Where can investors find the Grassy Mountain FEIS and ROD for PZG?

The FEIS and ROD are available on the BLM permitting dashboard via e-planning and FAST-41 portals. According to the company, additional permitting details and updates are posted at www.grassymountaingold.com for investor and stakeholder review.

How did FAST-41 affect Paramount Gold's (PZG) Grassy Mountain permitting timeline?

FAST-41 inclusion provided a streamlined, transparent federal review pathway for the project. According to the company, joining the FAST-41 Transparency Projects Permitting Dashboard in May 2025 helped accelerate and focus interagency permitting steps leading to the ROD.

What local economic impacts does Paramount (PZG) expect from the Grassy Mountain approval?

Paramount expects the shovel-ready project to stimulate the Malheur County economy with high-quality jobs and activity. According to the company, the approval supports reinvigorating US mining and is positioned to contribute local employment and related economic benefits during development.