Paramount Gold Confirms EIS for Grassy Mountain Gold Project Scheduled for January 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Newsfilter
- Project Progress: Paramount Gold Nevada Corp. announced that the final Environmental Impact Statement and Record of Decision for the Grassy Mountain Gold Project are expected to be issued in January 2026, with minor delays due to the U.S. federal government shutdown and holidays not impacting the overall project timeline.
- Permitting Milestones: The project achieved significant permitting milestones in 2025, including formal acceptance into the federal FAST-41 program in May, ensuring a transparent permitting schedule, followed by the issuance of the Draft Environmental Impact Statement in August, the first for a gold mining project in Oregon.
- Feasibility Study Update: Paramount has engaged Ausenco Engineering Canada Inc. to update the feasibility study for Grassy Mountain, which is on track for completion in the first half of 2026 and is expected to reflect improved project economics in a higher gold price environment.
- Future Outlook: With rising gold prices and improved permitting visibility, Paramount is evaluating opportunities at its Sleeper Gold Project to create additional shareholder value, with CEO Rachel Goldman noting the substantial heap leachable resource potential at Sleeper.
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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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