Paramount Gold Advances Grassy Mountain Gold Project with First Consolidated Permit in Oregon History
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
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Should l Buy PZG?
Source: Globenewswire
- Historic Permit: Paramount Gold Nevada Corp. announces that the Oregon Department of Geology and Mineral Industries has published the draft consolidated permit package for the Grassy Mountain Gold Project, marking the first time in Oregon's history that a mining project has advanced through the consolidated permitting framework, which is expected to drive local economic growth.
- Public Engagement: The release of the draft is accompanied by a public hearing scheduled for January 29, 2026, allowing public comments until February 6, which not only enhances community involvement but also lays the groundwork for transparency and sustainability in the project.
- Project Potential: The Grassy Mountain project is designed as a small footprint underground gold mining operation, anticipated to create high-quality local jobs and contribute to local and state revenues, further stimulating regional economic development.
- Strategic Collaboration: CEO Rachel Goldman emphasized the commitment to work collaboratively with regulators and local stakeholders to make the Grassy Mountain Gold Project a reality, showcasing the company's leadership in sustainable mining practices.
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About PZG
Paramount Gold Nevada Corp. is engaged in the business of acquiring, exploring and developing precious metals projects in the United States of America. The Company owns both exploration and development stage projects in the states of Nevada and Oregon. Its projects include Sleeper Gold Project, Grassy Mountain Project, Frost Project, and Bald Peak Project. The Company’s material Nevada property, the Sleeper Gold Project (Sleeper), is located in Humboldt County, Nevada. Its material Oregon property, known as the Grassy Mountain Project, is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho. The project site is situated in the rolling hills of the high desert region of the far western Snake River Plain and consists of 455 unpatented lode claims and three patented lode claims all totaling roughly 8,280 acres. Its subsidiaries include New Sleeper Gold LLC, Sleeper Mining Company, LLC, and Calico Resources USA Corp.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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