Paramount Gold Nevada Corp. has secured a draft consolidated permit package for its Grassy Mountain Project, a 8,200‑acre underground gold and silver operation in Malheur County, Oregon. The package, the first of its kind in the state, consolidates all state permitting and cooperating agency approvals into a single document, streamlining the regulatory process.
The draft package will be reviewed at a public hearing on January 29, 2026, with comments due by February 6, 2026. The project sits on private land for the gold‑silver deposit and on Bureau of Land Management land for surrounding infrastructure. The permitting milestone follows a series of approvals, including an Environmental Evaluation in October 2024, BAPNT clearance in March 2025, and a Draft Environmental Impact Statement from the BLM in August 2025.
Reaching this stage de‑risks the project and accelerates the path to construction and production. Paramount’s 2020 feasibility study projected an initial capital expenditure of $97.5 million, annual gold production of 47,000 ounces over an eight‑year mine life, and an after‑tax internal rate of return of 26 % at a $1,472 per ounce gold price. The milestone also supports the company’s broader portfolio, which includes 100 % interests in the Sleeper and Bald Peak projects.
CEO Rachel Goldman said the draft package “marks a landmark achievement for both Grassy Mountain and the State of Oregon, demonstrating that well‑designed, environmentally responsible mining projects can advance in Oregon.” She added that the permitting progress signals confidence in the project’s technical and environmental viability.
Investors have responded positively to the permitting progress, reflecting confidence in the project’s de‑risking and the company’s execution track record. The milestone is expected to generate local jobs and contribute to state and local revenues once construction and operation commence.
Paramount will continue to engage with stakeholders during the comment period and is preparing for the final consolidated permit issuance. The company’s next steps include securing financing, finalizing engineering designs, and initiating construction once the permit is finalized.
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