Paramount Gold Confirms EIS and ROD for Grassy Mountain Gold Project Set for January 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Globenewswire
- Project Progress Confirmation: Paramount Gold Nevada Corp. announced that the final Environmental Impact Statement (EIS) and Record of Decision (ROD) 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 Milestone Achieved: In 2025, the project was formally accepted into the U.S. federal FAST-41 program in May, ensuring a transparent permitting schedule, and received the Draft Environmental Impact Statement in August, marking significant regulatory progress as 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 rising gold price environment.
- Future Development Potential: With rising gold prices and improved permitting visibility, Paramount is evaluating opportunities at its Sleeper Gold Project to create additional shareholder value, with the CEO expressing confidence in the substantial heap leachable resource at Sleeper that can unlock unrealized value for shareholders.
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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.
Paramount Gold Secures Record of Decision for Grassy Mountain Project
- 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.
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Paramount Gold's Grassy Mountain Project Receives Approval
- 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.
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