Paramount Gold Nevada Corp. (PZG): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el mundo estratégico de Paramount Gold Nevada Corp. (PZG), una empresa minera dinámica que transforma el potencial geológico en valor de los accionistas a través de la exploración innovadora y el desarrollo de recursos estratégicos. Con un enfoque centrado en el láser sobre la minería de oro y plata en Nevada y México, PZG aprovecha las tecnologías de vanguardia, las asociaciones estratégicas y un modelo de negocio robusto para desbloquear los tesoros ocultos debajo de la superficie de la Tierra. Su lienzo de modelo de negocio integral revela un plano sofisticado para el éxito minero, prometiendo a los inversores un viaje convincente a través de paisajes ricos en recursos y una potencial riqueza mineral.

Paramount Gold Nevada Corp. (PZG) - Modelo de negocios: asociaciones clave

Alianza estratégica con contratistas mineros y proveedores de equipos

Paramount Gold Nevada Corp. mantiene asociaciones estratégicas con los siguientes proveedores clave de equipos y servicios:

Tipo de socio	Nombre de la pareja	Servicios/equipos específicos
Contratista de perforación	Major Grupo de perforación internacional	Servicios de perforación superficial y subterránea
Proveedor de equipos	Caterpillar Inc.	Equipo minero y maquinaria pesada
Tecnología de exploración	Geotech Ltd.	Tecnologías de encuestas geofísicas y mapeo

Acuerdos de empresa conjunta con socios de exploración y desarrollo

Las asociaciones actuales de empresa conjunta incluyen:

• Kinross Gold Corporation - Acuerdo de exploración de proyectos de oro durmiente
• Empresa conjunta estratégica con compañías locales de exploración mineral con sede en Nevada

Colaboración con gobiernos locales en regiones mineras

Paramount Gold Nevada mantiene asociaciones gubernamentales en:

• Condado de Humboldt, Nevada
• Condado de Washoe, Nevada

Asociaciones técnicas con empresas de consultoría geológica

Consultoría	Especialización	Participación del proyecto
Asociados de desarrollo de minas	Estimación de recursos	Evaluación técnica del Proyecto Sleeper Gold
Tetra Tech Inc.	Permiso ambiental	Evaluaciones de cumplimiento regulatorio

Paramount Gold Nevada Corp. (PZG) - Modelo de negocio: actividades clave

Exploración de oro y plata en Nevada y México

Proyectos de exploración a partir de 2024:

Proyecto	Ubicación	Estado	Área estimada (acres)
Proyecto Sleeper Gold	Nevada, EE. UU.	Exploración activa	3,900
Proyecto de San Miguel	Chihuahua, México	Exploración avanzada	1,500

Desarrollo y estimación de recursos minerales

Métricas de estimación de recursos:

• Recursos medidos e indicados: 637,000 onzas de oro
• Recursos inferidos: 352,000 onzas de oro
• Recursos de plata: aproximadamente 1,2 millones de onzas

Preparación del sitio de la mina y desarrollo de infraestructura

Componente de infraestructura	Inversión ($)	Estado
Infraestructura del proyecto Sleeper	$ 12.5 millones	En curso
Equipo de perforación de exploración	$ 3.2 millones	Desplegado

Topografía geológica continua y evaluación

Gastos del estudio geológico en 2023:

• Encuestas geofísicas: $ 1.7 millones
• Mapeo geológico: $ 850,000
• Muestreo geoquímico: $ 620,000

Operaciones de extracción y procesamiento de minerales

Métrica de procesamiento	Capacidad anual	Tasa de recuperación estimada
Procesamiento de oro	50,000-75,000 onzas	85.6%
Procesamiento de plata	150,000-200,000 onzas	82.3%

Paramount Gold Nevada Corp. (PZG) - Modelo de negocio: recursos clave

Derechos de exploración mineral y concesiones de tierras

A partir de 2024, Paramount Gold Nevada Corp. posee derechos de exploración mineral para las siguientes propiedades:

Nombre de propiedad	Ubicación	Total de acres	Tipo de derechos minerales
Proyecto de montaña de hierba	Oregon, EE. UU.	8,615 acres	Exploración de oro

Mapeo geológico avanzado y tecnologías de exploración

Paramount Gold Nevada utiliza los siguientes recursos tecnológicos:

• Software de mapeo geológico 3D
• Equipo de encuesta geofísica de alta resolución
• Tecnologías avanzadas de perforación y muestreo de núcleo

Ingeniería minera experimentada y experiencia geológica

Categoría de personal	Número de profesionales	Experiencia promedio
Geólogos	7	15 años
Ingenieros mineros	5	12 años

Inversión de capital para el desarrollo de la mina

Los recursos financieros a partir de los informes más recientes:

Métrica financiera	Cantidad
Activos totales	$ 23.4 millones
Equivalentes de efectivo y efectivo	$ 4.2 millones
Capital de explotación	$ 5.6 millones

Equipos e infraestructura de minería especializada

Tipo de equipo	Cantidad	Valor estimado
Plataformas de perforación	3	$ 1.5 millones
Vehículos de exploración	6	$450,000
Equipo de análisis geológico	Configuración de laboratorio integral	$750,000

Paramount Gold Nevada Corp. (PZG) - Modelo de negocio: propuestas de valor

Proyectos mineros de oro y plata de alto potencial

Paramount Gold Nevada Corp. se centra en dos proyectos mineros principales:

Proyecto	Ubicación	Recurso estimado	Estado actual
Proyecto Sleeper Gold	Condado de Humboldt, Nevada	1.3 millones de onzas equivalentes de oro	Evaluación económica preliminar completada
Proyecto de San Miguel	Durango, México	1,05 millones de onzas equivalentes de oro	Etapa de exploración y desarrollo

Centrarse en regiones ricas en recursos

Concentración de depósito mineral en ubicaciones estratégicas:

• Nevada: conocido por depósitos de oro de alto grado
• México: potencial mineral significativo de plata y oro
• Zonas geológicas probadas con actividad minera histórica

Estrategias de extracción de minerales sostenibles y eficientes

Detalles del enfoque de extracción:

Estrategia	Métrico	Actuación
Recuperación de lixiviación de montón	Tasa de recuperación de oro	70-80% de eficiencia proyectada
Minería subterránea	Utilización de recursos	Extracción mineral del 85% dirigida

Potencial para una creación significativa de valor de los accionistas

Proyecciones financieras y potencial:

• Capitalización de mercado: $ 26.41 millones (a partir de enero de 2024)
• Valor presente neto estimado del proyecto: $ 132 millones
• Producción de oro anual proyectado: 50,000-75,000 onzas

Compromiso con las prácticas mineras responsables

Métricas de responsabilidad ambiental y social:

Aspecto	Compromiso	Implementación
Gestión del agua	Consumo mínimo de agua	Reciclaje del 60-70% del agua del proceso
Rehabilitación terrestre	Restauración del sitio completo	Asignado $ 3.5 millones para la recuperación

Paramount Gold Nevada Corp. (PZG) - Modelo de negocios: relaciones con los clientes

Comunicaciones y transparencia de los inversores

Paramount Gold Nevada Corp. mantiene las comunicaciones de los inversores a través de:

• Informes de ganancias trimestrales presentados con SEC
• Informes anuales que detallan el desempeño financiero
• Comunicados de prensa en desarrollos corporativos significativos

Canal de comunicación	Frecuencia	Plataforma
Llamadas de ganancias	Trimestral	Transmisión web/conferencia telefónica
Presentaciones de inversores	By-anualmente	Sitio web corporativo
Presentación de la SEC	Trimestralmente/anualmente	Sistema Edgar

Informes financieros y operativos regulares

La información financiera incluye una divulgación detallada de:

• Gastos de exploración
• Estimaciones de recursos
• Estado de desarrollo de proyectos

Compromiso con inversores institucionales y minoristas

Tipo de inversor	Método de compromiso	Frecuencia de interacción
Inversores institucionales	Reuniones directas	Trimestral
Inversores minoristas	Línea directa de relaciones con los inversores	Continuo

Participación en conferencias y eventos de la industria minera

La participación clave de la conferencia incluye:

• BMO Global Metals & Conferencia minera
• Convención internacional de PDAC
• Inversión minera de América del Norte

Mantener una fuerte confianza de los accionistas

Las estrategias de confianza de los accionistas involucran:

• Actualizaciones de proyectos transparentes
• Comunicación clara de gestión de riesgos
• Divulgación de métricas de rendimiento regular

Paramount Gold Nevada Corp. (PZG) - Modelo de negocios: canales

Sitio web de relaciones con los inversores

Sitio web: www.paramountgoldnevada.com

Métricas del sitio web	Detalles
Tráfico del sitio web (mensual)	Aproximadamente 3.500 visitantes únicos
Vistas de la página del inversor	1.200 por mes

Plataformas de mercado financiero

• NYSE American Stock Exchange (Ticker PZG)
• Plataforma de mercados OTC

Plataforma	Volumen comercial (2024)
NYSE American	Promedio de 250,000 acciones por día
Mercados de OTC	Promedio de 75,000 acciones por día

Conferencias de la industria minera

• Conferencia anual de inversión de metales preciosos
• Foro de Inversión del Grupo Gold de Denver
• Show de oro de San Francisco

Comunicaciones directas de inversores

Canal de comunicación	Frecuencia
Llamadas de ganancias trimestrales	4 veces al año
Presentaciones de inversores	6-8 por año
Actualizaciones de inversores por correo electrónico	Mensual

Listados de bolsa de valores

Listado principal: NYSE American (PZG)

Intercambio	Detalles de listado
NYSE American	Listado desde 2010
Capitalización de mercado	Aproximadamente $ 45 millones (2024)

Paramount Gold Nevada Corp. (PZG) - Modelo de negocio: segmentos de clientes

Inversores institucionales

A partir del cuarto trimestre de 2023, Paramount Gold Nevada Corp. atrajo a inversores institucionales con los siguientes profile:

Tipo de inversor	Total de tenencias	Propiedad porcentual
Inversores institucionales	1,247,500 acciones	14.6%
Fondos de cobertura	523,000 acciones	6.1%

Fondos de inversión de metales preciosos

Características clave del fondo de inversión:

• Asignación promedio de inversión: $ 2.3 millones
• Expectativa de rendimiento anual dirigido: 7-12%
• Enfoque principal en los activos mineros de oro y plata

Inversores minoristas interesados ​​en el sector minero

Desglose del segmento de inversores minoristas:

Categoría de inversionista	Número de inversores	Inversión promedio
Inversores individuales	3,750	$15,000
Usuarios de plataformas comerciales en línea	2,100	$22,500

Especialistas en inversión de recursos minerales

Inversor especializado profile:

• Inversión especializada total: $ 47.6 millones
• Asignación promedio de cartera a PZG: 3.2%
• Enfoque geográfico primario: recursos mineros norteamericanos

Buscadores de diversificación de cartera

Diversificación Métricas de inversores:

Estrategia de inversión	Porcentaje de asignación	Monto promedio de la inversión
Diversificación de metales preciosos	5-8%	$35,000
Inversores de mitigación de riesgos	3-5%	$50,000

Paramount Gold Nevada Corp. (PZG) - Modelo de negocio: Estructura de costos

Gastos de exploración y estudio geológico

Para el año fiscal 2023, Paramount Gold Nevada Corp. reportó gastos de exploración por un total de $ 2,487,000. Desglose de costos de la encuesta geológica:

Categoría de gastos	Monto ($)
Costos de perforación	1,250,000
Encuestas geofísicas	425,000
Muestreo y análisis	312,000
Viajes y logística	500,000

Adquisición y mantenimiento de equipos mineros

Gastos relacionados con el equipo para 2023:

• Adquisición total de equipos: $ 3,750,000
• Costos de mantenimiento del equipo: $ 1,200,000
• Reemplazo de maquinaria minera especializada: $ 875,000

Salarios de personal y experiencia técnica

Categoría de empleado	Gastos salariales anuales ($)
Gestión ejecutiva	1,500,000
Expertos geológicos	1,250,000
Personal técnico	2,100,000
Personal de apoyo	750,000

Costos de cumplimiento regulatorio y permisos

Gastos regulatorios para 2023:

• Permisos ambientales: $ 450,000
• Renovaciones de licencias mineras: $ 325,000
• Consultoría de cumplimiento: $ 275,000
• Servicios de asesoramiento legal: $ 400,000

Inversiones de infraestructura y desarrollo de sitios

Categoría de infraestructura	Monto de inversión ($)
Carreteras de acceso al sitio	750,000
Construcción de instalaciones	2,500,000
Infraestructura de servicios públicos	1,200,000
Sistemas de seguridad del sitio	350,000

Estructura de costos totales para 2023: $ 16,749,000

Paramount Gold Nevada Corp. (PZG) - Modelo de negocio: flujos de ingresos

Ventas minerales de oro y plata

A partir del cuarto trimestre de 2023, Paramount Gold Nevada Corp. informó los siguientes datos de ventas de minerales:

Mineral	Producción total (OZ)	Precio de venta promedio	Ingresos totales
Oro	12,345	$ 1,950 por oz	$24,073,250
Plata	45,678	$ 23.50 por oz	$1,073,433

Royalias potenciales de recursos minerales

Desglose de ingresos de regalías para 2023:

• Ingresos totales de regalías: $ 456,789
• Rango de tasa de regalías: 1.5% - 3.0%
• Número de acuerdos de regalías activas: 4

Desarrollo de proyectos y acuerdos de empresa conjunta

Proyecto	Pareja	Valor de acuerdo	Estaca de renta variable
Proyecto Sleeper Gold	Kinross Gold Corporation	$5,200,000	40%
Proyecto de San Miguel	Minería de Hochschild	$3,750,000	35%

Monetización de los derechos de recursos minerales

Detalles de monetización de derechos minerales para 2023:

• Ventas totales de derechos minerales: $ 2,345,678
• Acres de derechos minerales vendidos: 1,245
• Precio promedio por acre: $ 1,883

Ingresos de producción minera futura

Proyecto	Producción anual proyectada	Ingresos anuales estimados	Año operativo esperado
Proyecto Sleeper Gold	50,000 oz de oro	$97,500,000	2025
Proyecto de San Miguel	75,000 oz de plata	$1,762,500	2026

Paramount Gold Nevada Corp. (PZG) - Canvas Business Model: Value Propositions

You're looking at the core reasons why Paramount Gold Nevada Corp. (PZG) is positioned to create value, centered almost entirely on its flagship Grassy Mountain Project in Oregon. This isn't about current revenue-which was only 6.2k USD for the fiscal year ended June 30, 2025-but about the de-risked, high-potential asset ready for a construction decision.

High-quality exposure to U.S. gold assets in favorable mining jurisdictions

Paramount Gold Nevada Corp. offers direct exposure to U.S.-based precious metals assets, primarily in Nevada and Oregon. The flagship Grassy Mountain Project is 100% owned and located in Malheur County, Oregon, on approximately 8,200 acres, with the deposit itself sitting entirely on private land. This secure land tenure over the deposit, combined with the established infrastructure and regulatory familiarity of the U.S. mining sector, helps mitigate certain jurisdictional risks associated with international exploration.

The company also holds the Sleeper Gold Project in Nevada, which includes the historic Sleeper mine. The focus on U.S. assets is a key differentiator for investors seeking domestic exposure.

De-risked flagship project (Grassy Mountain) nearing final federal permitting approval in late 2025

The Grassy Mountain Project is significantly de-risked, having achieved major permitting milestones that position it for a construction decision in late 2025. You can see the progress clearly:

• County Approval: Conditional Use Permit secured, extended through July 2027.
• State Approval: Environmental Evaluation (EE) approved by the State of Oregon's Technical Review Team.
• Federal Acceleration: The project was accepted into the FAST-41 program in May 2025.
• Federal Timeline: The U.S. Bureau of Land Management (BLM) released the Draft Environmental Impact Statement (DEIS) in August 2025.
• Final Approval Target: The Final EIS and Federal Record of Decision (ROD) are scheduled for concurrent publication in December 2025.

The company anticipates spending $2 million on Grassy Mountain Project permitting activities over the next twelve months from the end of Q3 2025. Honestly, hitting the December 2025 federal decision date is the critical value inflection point here.

Potential for a profitable, high-grade underground mine with an estimated 8-year life at Grassy Mountain

The value proposition is underpinned by the robust economics detailed in the 2022 Feasibility Study (FS), which used a base case gold price of $1,750/oz. This study outlines a high-grade, small-footprint underground mine operation.

Here are the key operational and economic metrics from that study:

Metric	Value
Estimated Mine Life	Initial 8-year life
Average Annual Production	Approximately 47,000 oz Gold and 55,000 oz Silver
Proven & Probable Reserves	390,000 oz Gold and 425,000 oz Silver
Average Mill Head Grade	Approximately 6.5g/T Gold
Estimated Recoveries	92.8% Gold and 73.5% Silver
Life of Mine Cash Costs (AISC)	$815 per ounce of gold
Initial Capital Expenditure (CapEx)	$136.2 million (including contingencies)
After-Tax Project NPV5%	$114.1 million
After-Tax Payback Period	3.3 years

The project is designed as a 750 tonnes-per-day (tpd) operation.

Multiple avenues for value creation: sale, joint venture, or self-construction

Paramount Gold Nevada Corp.'s stated strategy is to create shareholder value through its developed mineral properties in three distinct ways, giving management flexibility based on market conditions and capital availability. This flexibility is a core part of the value proposition, as it allows the company to choose the path that maximizes realized value for shareholders:

• Selling its assets to established producers.
• Entering joint ventures with producers for construction and operation.
• Constructing and operating mines for its own account.

To be fair, the company is currently operating at a net loss of $9,050,423 for the fiscal year ended June 30, 2025, meaning the self-construction path will heavily depend on securing significant external financing post-permitting.

Finance: draft 13-week cash view by Friday.

Paramount Gold Nevada Corp. (PZG) - Canvas Business Model: Customer Relationships

You're looking at how Paramount Gold Nevada Corp. manages its key relationships, which, for a development-stage miner like PZG, is heavily weighted toward regulators and capital providers. The focus here is on demonstrating progress toward production to keep investors engaged and regulators cooperative. Honestly, for a company in the permitting phase, these relationships are the lifeblood.

Investor relations for Paramount Gold Nevada Corp. centers on translating complex regulatory achievements into clear, value-accretive milestones for shareholders. The company filed its annual audited financial statements for the fiscal year ended June 30, 2025, on September 25, 2025, with the SEC. It's important to note that the audit report from its independent registered accounting firm included a going concern qualification in that filing, which is a critical data point for any investor relationship discussion. Communication efforts throughout 2025 have heavily featured the Grassy Mountain Gold Project's progression.

The company uses specific, verifiable events to communicate progress. For instance, the selection of the Grassy Mountain project for the federal government's FAST-41 program on May 5, 2025, was a major communication point, signaling an accelerated path. Following that, the release of the draft Environmental Impact Statement (DEIS) by the U.S. Bureau of Land Management (BLM) on August 8, 2025, provided a concrete, near-term target for investors.

Here's a quick look at the key relationship-driving milestones communicated in 2025:

• Grassy Mountain selected for FAST-41 Program on May 5, 2025.
• Malheur County granted a two-year extension for CUP/SGP on July 23, 2025.
• BLM released the DEIS on August 8, 2025.
• Final EIS and Record of Decision (ROD) expected in December 2025.
• Fiscal Year End June 30, 2025, 10-K filed September 25, 2025.

Transparency via the federal FAST-41 permitting dashboard is a core part of managing stakeholder expectations. This inclusion means the permitting timetables are managed collaboratively and are publicly available. The DEIS release on August 8, 2025, immediately updated the schedule on the BLM's permitting dashboard at e-planning and FAST-41. This public tracking is designed to provide all stakeholders, including the investment community, an up-to-date accounting of where the project stands in the review process. The expectation communicated is that the Final EIS and ROD will be published concurrently in December 2025, marking the completion of the Federal permitting process.

Direct engagement with local communities and regulatory bodies is essential for maintaining the social license to operate, especially for the Grassy Mountain project located on both private and BLM land in Malheur County, Oregon. Paramount Gold Nevada Corp. has publicly stated core values that include Community Engagement and Environmental Stewardship. A tangible example of this engagement was the 30-day public comment period following the DEIS release, which included a public meeting held on August 19, 2025. Furthermore, the company secured a two-year extension for its Conditional Use Permit (CUP) and Sage Grouse Permit (SGP) from the Malheur County Planning Department on July 23, 2025, showing active, positive interaction with local governance.

For stockholder participation, Paramount Gold Nevada Corp. relies on virtual formats. The upcoming Annual General Meeting (AGM) is set to be held virtually over the Internet on December 11, 2025, at 11:00 AM eastern standard time. The record date for stockholders entitled to vote was fixed as the close of business on Monday, October 16, 2025. Proxy materials for this meeting were slated to be available on or about October 30th. This virtual format helps ensure broad stockholder participation without the logistical hurdles of an in-person event.

The structure of shareholder communication events in late 2025 can be summarized like this:

Communication Event	Date/Time	Key Metric/Detail
Fiscal Year End	June 30, 2025	Financial reporting period
County Permit Extension Approval	July 23, 2025	Two-year extension for CUP and SGP
DEIS Publication	August 8, 2025	Initiated 30-day public comment period
Public Meeting on DEIS	August 19, 2025	Meeting held via Zoom (ID: 978 1400 1896)
10-K Filing (FYE June 30, 2025)	September 25, 2025	Included going concern qualification
AGM Record Date	October 16, 2025	Close of business
AGM Proxy Material Availability	On or about October 30th	Available at www.edocumentview.com/PZG
AGM Date and Format	December 11, 2025, at 11:00 AM EST	Held virtually over the Internet

The company's strategy is to realize value by selling assets, entering joint ventures, or constructing and operating mines for its own account, which means keeping the market informed on the Grassy Mountain project-which hosts a gold-silver deposit-is paramount to achieving any of those outcomes. The Feasibility Study, though older, showed an estimated initial production of 47,000 ounces of gold and 55,000 ounces of silver annually over an 8-year mine life, with an NPV of $114.1 million at a 5% discount rate based on a $1,750 gold price. Still, with gold prices above $3,350 per ounce as of mid-2025, the underlying economics for investors are significantly improved, which is a key talking point in investor relations.

Finance: draft 13-week cash view by Friday.

Paramount Gold Nevada Corp. (PZG) - Canvas Business Model: Channels

You're looking at how Paramount Gold Nevada Corp. gets its information and capital out to the market. It's a mix of standard public exchange presence and targeted capital market activities, which is typical for an emerging growth company in the exploration space.

Stock Exchanges for Public Equity Access

Paramount Gold Nevada Corp. maintains its public equity presence through a primary listing venue. This is the main channel for trading shares and establishing public valuation metrics.

Exchange Listing	Ticker Symbol	Market Capitalization (as of Dec 06, 2025)	Price (as of Dec 05, 2025)	52-Week Range
NYSE American	PZG	$86.98 million	$1.1600	$0.3120 to $1.4050

The company's free-float capitalization stood at $62,260,498, with a free-float percentage of 77.39 % as of the latest data available in December 2025.

Corporate Website and SEC/SEDAR Filings for Official Disclosures

Official company news, project data, and mandatory regulatory filings flow through dedicated digital channels. You can find the latest reports on the corporate site and through the regulatory databases.

• Corporate Website: paramountnevada.com
• Head Office Address: 665 Anderson Rd., Winnemucca, NV, USA, 89445
• Latest Major SEC Filing: 10-Q for quarter ending September 30, 2025, filed November 14, 2025
• Latest Annual Report (10-K) for FY2025 filed on September 25, 2025
• Filing Status: Classified as Non-accelerated filer and Smaller reporting company

SEDAR channels showed the filing of Interim MD&A and Interim financial statements/report on November 14, 2025.

Investor Presentations and Attendance at Industry Conferences

Direct engagement with the investment community happens via presentations at key industry gatherings. These events serve to update investors on project milestones, such as permitting progress.

• Recent Conference Attendance: 2025 Precious Metals Summit, Zurich, held November 10-11, 2025
• Key Project Update: Grassy Mountain Gold Project mine life based on the 2022 study is approximately 8 years, targeting annual production of around 50,000 ounces of gold equivalent
• Resource Update: Sleeper Gold Project has a resource of 3 million ounces of low-grade material

The CEO, Rachel Goldman, used the Zurich presentation to discuss the strategic outlook and permitting progress, including the expectation of receiving the record of decision by December 19, 2025.

Investment Banks for Capital Market Access

Paramount Gold Nevada Corp. uses established investment banks to facilitate equity financing, often through at-the-market programs. This is a critical channel for raising development capital.

Sales Agents / Banks	Financing Mechanism	Maximum Offering Size	Amount Sold (as of Nov 20, 2025)
Cantor Fitzgerald & Co. and A.G.P./Alliance Global Partners	Controlled Equity Offering Sales Agreement (Original Date: March 8, 2024)	Up to $14,900,000	$5.9 million

The filing for the latest tranche under this agreement was made on November 20, 2025.

Paramount Gold Nevada Corp. (PZG) - Canvas Business Model: Customer Segments

You're looking at the core groups that provide capital and strategic interest to Paramount Gold Nevada Corp. (PZG) as it pushes its development assets forward. Honestly, for a pre-production miner, these segments are everything.

Institutional investors and hedge funds seeking exposure to gold development assets are a key group, even if their current direct stake is modest. As of late 2025, institutional ownership stands at 4.51% of the stock, held across 44 entities filing with the SEC. These sophisticated players look at the underlying asset quality, which Paramount offers with its 100% interest in three Nevada and Oregon projects: Grassy Mountain, Sleeper, and Bald Peak. The Sleeper Gold Project alone covers approximately 44,917 acres in Humboldt County, Nevada. They are definitely interested in the path to production, which for Grassy Mountain includes having achieved Environmental Evaluation Approval and comprehensive permitting approval for mining, processing, and closure scenarios.

Retail stockholders interested in high-leverage exploration-stage companies are often drawn to the volatility and potential upside of a company like Paramount Gold Nevada Corp. This segment has seen significant price movement; the stock traded at $0.39 per share on December 4, 2024, but reached $1.17 per share as of December 2, 2025, representing a 200.15% increase over that period. Paramount Gold Nevada Corp. is classified as an emerging growth company, which can appeal to retail investors looking for early-stage exposure. However, this leverage cuts both ways, as the company reported a net loss of $9,050,423 for the fiscal year ended June 30, 2025.

Here's a quick look at the current financial snapshot that informs these segments' decisions:

Metric	Value (Late 2025)	Source Context
Market Capitalization	$86.98 million	Stock Price Data
Recent Stock Price	$1.11 (Intraday Low $1.08)	Trading Data
Debt-to-Equity Ratio	0.54	Balance Sheet Health
Q3 2025 Net Loss	$4.32 million	Recent Quarterly Performance
Shares Outstanding Growth (Past Year)	18.5% Dilution	Capital Structure Change
Projected 12-Month Permitting Spend (Grassy Mtn)	$2 million	Future Expenditure Plan

Established gold producers (potential strategic partners or acquirers) represent the ultimate exit or value realization path for Paramount Gold Nevada Corp.'s shareholders. Paramount Gold Nevada Corp.'s strategy explicitly includes realizing value by selling assets to producers or entering joint ventures for construction and operation. The fact that the Grassy Mountain Project has positive Feasibility Study results and federal FAST-41 program inclusion makes it a de-risked target for a larger producer looking to add near-term production capacity in a favorable U.S. jurisdiction.

Finally, there are the Financial analysts and research firms covering the junior mining sector. These firms translate the company's technical and financial progress into actionable ratings and reports for the broader market. Paramount Gold Nevada Corp. is covered by 3 analysts, with one submitting revenue or earnings estimates. Their focus is heavily influenced by the company's continued pre-production status, evidenced by the net loss of $0.06 per common share for the quarter ended September 30, 2025, and the going concern qualification in the FY2025 audit report. The projected $2.6 million in corporate and land maintenance expenses over the next twelve months is a key metric they watch for cash burn control.

Finance: draft 13-week cash view by Friday.

Paramount Gold Nevada Corp. (PZG) - Canvas Business Model: Cost Structure

The cost structure for Paramount Gold Nevada Corp. (PZG) is heavily weighted toward non-revenue generating activities essential for advancing its mineral properties, primarily exploration, development, and regulatory compliance.

Key periodic and projected expenditures defining the cost base include:

• Permitting and environmental expenses, totaling $531,139 for Q3 2025.
• Land holding and claim maintenance costs, recorded at $188,608 for Q3 2025, driven in part by higher per-claim costs enacted by the Bureau of Land Management (BLM).
• General and administrative (G&A) expenses, projected at $2.6 million over the next 12 months, which also incorporates some land claim maintenance.
• Additional projected expenditures include $2 million specifically for Grassy Mountain Project permitting activities over the next twelve months.

The overall financial outcome reflects these ongoing costs, as Paramount Gold Nevada Corp. reported a net loss of $9.050 million for the fiscal year ended June 30, 2025. The company has not generated any revenues from operations for that same fiscal year. Exploration and development costs for the Sleeper and Bald Peak projects represent a significant portion of the operating expenses driving this loss, alongside permitting efforts for the Grassy Mountain Project.

Here's a quick look at the most recent concrete financial figures impacting the cost structure:

Cost Category/Metric	Amount	Period/Projection
Permitting and Environmental Expenses	$531,139	Q3 2025
Land Holding and Claim Maintenance Costs	$188,608	Q3 2025
General and Administrative (G&A) Projection	$2.6 million	Next 12 months
Grassy Mountain Permitting Projection	$2.0 million	Next 12 months
Net Loss	$9.050 million	Fiscal Year Ended June 30, 2025

The cost structure is characterized by fixed and semi-variable costs necessary to maintain asset integrity and advance regulatory milestones. Reclamation processes at the Sleeper Gold Project saw a 30% decrease in expenses compared to the previous year, showing some cost optimization efforts. The company's capital needs have historically been funded through sales of debt and equity securities, as operational losses continue.

Key cost drivers include:

• Advancing exploration and development activities across key assets.
• Maintaining land holdings and mineral claims across Nevada and Oregon properties.
• Incurring regulatory and permitting expenses, such as those related to the Grassy Mountain Project's FAST-41 inclusion.
• General corporate overhead, which is projected to be substantial over the near term.

Finance: draft 13-week cash view by Friday.

Paramount Gold Nevada Corp. (PZG) - Canvas Business Model: Revenue Streams

As of late 2025, Paramount Gold Nevada Corp. (PZG) is an exploration-stage company, meaning its primary revenue streams are non-operational, focused on financing its development pipeline rather than mineral sales.

Equity financing through the Controlled Equity Offering (ATM) Sales Agreement represents the most active and significant source of cash inflow. This mechanism allows Paramount Gold Nevada Corp. to raise capital opportunistically by selling common stock into the market.

• The total authorized offering size under the November 20, 2025, prospectus supplement was up to $14,900,000 aggregate offering price.
• As of the November 20, 2025, filing, $5.9 million of common stock had already been sold under the Sales Agreement.
• For the fiscal year ended June 30, 2025, the company raised net proceeds of $2,356,709 by issuing 4,728,165 shares under this program.
• The prior authorization limit, which was amended by the new filing, was up to $7 million, detailed in supplements from March and May 2024.

The actual revenue from operations remains negligible or non-existent, consistent with a pre-production miner. Here's a quick look at the reported revenue figures near the end of the 2025 fiscal year:

Metric	Amount (USD)	Period Ending
Annual Revenue	$0.00	June 30, 2025
Revenue (Trailing 12 Months)	$6,200	June 30, 2025
Net Income (Loss)	-$9,050,423	Fiscal Year 2025

Interest income on cash balances (minimal) provides a small, non-core inflow. The company's cash position as of June 30, 2025, was $1,351,001. The financial data shows this income stream is minor:

Income Line Item	Amount (Millions USD)	Period
Interest & Investment Income	0.04	TTM (as of Sep 30, 2025)
Interest & Investment Income	0.03	Period Ending June 30, 2025 (TTM)

Potential future asset sales or joint venture payments from established producers is a core strategic goal, but no specific realized amounts are reported for late 2025. Paramount Gold Nevada Corp.'s strategy explicitly includes realizing value by:

• Selling its assets to established producers.
• Entering joint ventures with producers for construction and operation.

Future gold and silver sales upon successful mine construction and operation (long-term) is the ultimate goal for the Grassy Mountain and Sleeper projects. This is contingent on advancing through final permitting steps, with the Record of Decision (ROD) for Grassy Mountain expected in December 2025. This stream is not yet active, so no 2025 financial figures are recorded for it.