Paramount Gold Nevada Corp. Reports $15.56 Million Net Loss for Fiscal Year Ending June 30, 2026

Paramount Gold Nevada Corp. reported a net loss of $15.56 million for the fiscal year ending June 30, 2026, a significant increase from the $9.05 million loss recorded in the previous year. The company did not generate any revenue from operations during this period, continuing its trend of operating at a loss as it focuses on exploration and development activities. Total expenses rose to $19.12 million, up from $12.10 million in the prior year, primarily driven by increased exploration and development costs associated with permitting activities at its Grassy Mountain Project in Oregon.

The company’s exploration and development expenses increased by 37% to $3.57 million, compared to $2.60 million in the previous year. This rise is attributed to intensified permitting efforts at Grassy Mountain, which included receiving a Record of Decision from the Bureau of Land Management in January 2026, marking a significant milestone in the federal environmental review process. Additionally, reclamation expenses at the Sleeper Gold Project decreased slightly to $171,909, reflecting improved operational efficiencies.

Paramount's mineral resources have shown some growth, with the Grassy Mountain Project reporting proven and probable reserves of 2.21 million short tons of gold at an average grade of 0.18 ounces per ton, totaling approximately 405,000 ounces. This represents an increase from the previous year, where reserves were reported at 1.91 million short tons. The Sleeper Gold Project also reported an increase in inferred resources, with 262,389 short tons at a grade of 0.009 ounces per ton, totaling 2,303,000 ounces.

As of June 30, 2026, Paramount had cash and cash equivalents of approximately $9.93 million, a significant increase from $1.35 million the previous year. The company anticipates that its existing cash resources will fund operations through March 2027. However, it acknowledges the need for additional capital to support ongoing exploration and development activities. Paramount has relied on equity financings and debt to fund its operations and plans to continue this strategy moving forward. The company is also in the process of advancing its projects toward production, with a focus on obtaining necessary permits and conducting feasibility studies.