Paramount Gold Begins Initial Assessment for Sleeper Gold Project
Paramount Gold Nevada announced that it has commenced an Initial Assessment under the U.S. SEC S-K 1300, for its 100%-owned Sleeper Gold Project, a past-producing high-grade gold mine located in Humboldt County, northern Nevada. The IA will be prepared in accordance with applicable U.S. regulatory standards and will evaluate the project's economic potential. The assessment is intended to examine a potentially lower-cost, staged development approach focused on heap-leachable material only, including approximately 54M tons of material of economic interest. This includes surface material from previously unevaluated waste dumps, as well as oxide and mixed in-situ mineralization amenable to heap leaching. This approach has the potential to support an accelerated path to cash flow and enhance overall project economics, building on prior assessments that focused primarily on in-situ resources. It is also expected to contribute to development planning and the evaluation of potential future expansion opportunities.
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- Assessment Launch: Paramount Gold Nevada Corp. has announced the commencement of an Initial Assessment for its 100%-owned Sleeper Gold Project, aimed at evaluating the project's economic potential, particularly focusing on a staged development approach for approximately 54 million tons of heap-leachable material, which is expected to accelerate cash flow and enhance overall project economics.
- Development Strategy Optimization: The assessment will concentrate on a phased development of heap-leachable materials, leveraging substantial historical data to support future expansion opportunities, especially in the current gold price environment, which presents significant potential for value unlocking.
- Strengthened External Collaboration: Paramount has engaged SLR International Corporation to conduct the assessment, leveraging SLR's ongoing monitoring and reclamation experience on-site, along with enhanced leach kinetics expertise from its recent acquisition of Forte Dynamics to improve the assessment's quality.
- Clear Future Planning: The Initial Assessment is expected to be completed by late Q2 2026, marking a key milestone in the company's evaluation of development options at Sleeper, while also advancing the final permitting and feasibility activities for the Grassy Mountain Project.

Paramount's Offer: Paramount has made an all-cash offer of $30 per share for Warner Bros. Discovery.
Regulatory Updates: The announcement includes updates on the progress of regulatory matters related to the acquisition.
- Approval Milestone: Paramount Gold's Grassy Mountain gold project receives a Record of Decision from the U.S. Bureau of Land Management, marking the completion of the federal environmental review process and driving a 37.5% increase in stock price.
- Environmental Impact Statement: The ROD and Final Environmental Impact Statement incorporate feedback from the public comment period, ensuring compliance with the National Environmental Policy Act, thereby enhancing the project's legitimacy and feasibility.
- Revitalization Opportunity: CEO Rachel Goldman states that this approval makes Grassy Mountain a shovel-ready project, expected to contribute to the revitalization of the U.S. mining industry and further stimulate local economic development.
- Increased Transparency: The BLM will provide project-related information through e-planning and FAST-41 portals, enhancing transparency and public engagement, which bolsters the company's reputation within the industry.
- Project Approval Milestone: Paramount Gold Nevada Corp. announced that the Record of Decision (ROD) for its Grassy Mountain Gold Project has been signed, marking the completion of the federal environmental review process and is expected to accelerate project development and stimulate local economic growth.
- Environmental Impact Statement: The Final Environmental Impact Statement (FEIS) incorporates public feedback and reflects rigorous environmental and socio-economic analyses, ensuring sustainable project development and enhancing the company's reputation and accountability in the mining sector.
- Transparent Approval Process: The Grassy Mountain project has been included in the U.S. Federal Permitting Improvement Steering Council's FAST-41 Transparency Projects Permitting Dashboard since May 2025, benefiting from a streamlined federal approval process that accelerates project advancement.
- Economic Stimulus Effect: With the project's approval, Grassy Mountain becomes a shovel-ready project, expected to create high-quality jobs in Malheur County, Oregon, further revitalizing the U.S. mining industry.
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.








