Paramount Gold Nevada Corp. (PZG): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde stratégique de Paramount Gold Nevada Corp. (PZG), une entreprise minière dynamique qui transforme le potentiel géologique en valeur des actionnaires grâce à une exploration innovante et à un développement stratégique des ressources. Avec une approche axée sur le laser sur l'extraction d'or et d'argent au Nevada et au Mexique, PZG exploite les technologies de pointe, les partenariats stratégiques et un modèle commercial robuste pour débloquer les trésors cachés sous la surface de la Terre. Leur toile complète du modèle commercial révèle un plan sophistiqué pour le succès de l'exploitation minière, promettant aux investisseurs un voyage convaincant à travers des paysages riches en ressources et une richesse minérale potentielle.

Paramount Gold Nevada Corp. (PZG) - Modèle commercial: partenariats clés

Alliance stratégique avec les entrepreneurs miniers et les fournisseurs d'équipement

Paramount Gold Nevada Corp. maintient des partenariats stratégiques avec les principaux fournisseurs d'équipements et de services suivants:

Type de partenaire	Nom de partenaire	Services / équipements spécifiques
Entrepreneur de forage	Major Drilling Group International	Services de forage surface et souterrains
Fournisseur d'équipement	Caterpillar Inc.	Équipement d'exploitation et machines lourdes
Technologie d'exploration	Geotech Ltd.	Technologies géophysiques et technologies de cartographie

Contrôles de coentreprise avec des partenaires d'exploration et de développement

Les partenariats actuels de coentreprise comprennent:

• Kinross Gold Corporation - Contrat d'exploration du projet Sleeper Gold
• Coentreprise stratégique avec des sociétés d'exploration minérale basées au Nevada locales

Collaboration avec les gouvernements locaux dans les régions minières

Paramount Gold Nevada maintient des partenariats gouvernementaux dans:

• Comté de Humboldt, Nevada
• Comté de Washoe, Nevada

Partenariats techniques avec les cabinets de conseil géologique

Cabinet de conseil	Spécialisation	Implication du projet
Associés du développement des mines	Estimation des ressources	Évaluation technique du projet Sleeper Gold
Tetra Tech Inc.	Permis environnemental	Évaluations de la conformité réglementaire

Paramount Gold Nevada Corp. (PZG) - Modèle d'entreprise: Activités clés

Exploration d'or et d'argent au Nevada et au Mexique

Projets d'exploration à partir de 2024:

Projet	Emplacement	Statut	Zone estimée (acres)
Projet en or dormant	Nevada, États-Unis	Exploration active	3,900
Projet de San Miguel	Chihuahua, Mexique	Exploration avancée	1,500

Développement et estimation des ressources minérales

Métriques d'estimation des ressources:

• Ressources mesurées et indiquées: 637 000 onces d'or
• Ressources déduites: 352 000 onces d'or
• Ressources en argent: environ 1,2 million d'onces

Préparation du site de la mine et développement des infrastructures

Composant d'infrastructure	Investissement ($)	Statut
Infrastructure du projet de couchage	12,5 millions de dollars	En cours
Équipement de forage d'exploration	3,2 millions de dollars	Déployé

Arpentage géologique continu et évaluation

Dépenses d'enquête géologique en 2023:

• Enquêtes géophysiques: 1,7 million de dollars
• Cartographie géologique: 850 000 $
• Échantillonnage géochimique: 620 000 $

Opérations d'extraction et de traitement des minéraux

Métrique de traitement	Capacité annuelle	Taux de récupération estimé
Traitement de l'or	50 000 à 75 000 onces	85.6%
Traitement de l'argent	150 000 à 200 000 onces	82.3%

Paramount Gold Nevada Corp. (PZG) - Modèle commercial: Ressources clés

Droits d'exploration minérale et concessions foncières

En 2024, Paramount Gold Nevada Corp. détient les droits d'exploration minérale pour les propriétés suivantes:

Nom de propriété	Emplacement	Acres totaux	Type de droits minéraux
Projet de montagne herbeux	Oregon, USA	8 615 acres	Exploration de l'or

Technologies de cartographie et d'exploration géologiques avancées

Paramount Gold Nevada utilise les ressources technologiques suivantes:

• Logiciel de cartographie géologique 3D
• Équipement d'enquête géophysique haute résolution
• Technologies de forage avancé et d'échantillonnage de base

Ingénierie minière expérimentée et expertise géologique

Catégorie de personnel	Nombre de professionnels	Expérience moyenne
Géologues	7	15 ans
Ingénieurs minières	5	12 ans

Investissement en capital pour le développement de la mine

Ressources financières à partir des rapports les plus récents:

Métrique financière	Montant
Actif total	23,4 millions de dollars
Equivalents en espèces et en espèces	4,2 millions de dollars
Fonds de roulement	5,6 millions de dollars

Équipement minier spécialisé et infrastructure

Type d'équipement	Quantité	Valeur estimée
Plates-formes de forage	3	1,5 million de dollars
Véhicules d'exploration	6	$450,000
Équipement d'analyse géologique	Configuration de laboratoire complète	$750,000

Paramount Gold Nevada Corp. (PZG) - Modèle d'entreprise: propositions de valeur

Projets d'extraction d'or et d'argent à potentiel

Paramount Gold Nevada Corp. se concentre sur deux projets miniers primaires:

Projet	Emplacement	Ressource estimée	État actuel
Projet en or dormant	Comté de Humboldt, Nevada	1,3 million d'onces équivalentes à l'or	Évaluation économique préliminaire terminée
Projet de San Miguel	Durango, Mexique	1,05 million d'onces équivalentes à l'or	Étape d'exploration et de développement

Concentrez-vous sur les régions riches en ressources

Concentration de dépôt minéral dans des emplacements stratégiques:

• Nevada: connu pour les dépôts d'or de haute qualité
• Mexique: Potentiel minéral important en argent et en or
• Zones géologiques éprouvées avec activité minière historique

Stratégies d'extraction minérale durables et efficaces

Détails de l'approche d'extraction:

Stratégie	Métrique	Performance
Récupération de la lixiviation	Taux de récupération de l'or	70 à 80% d'efficacité projetée
Mine souterraine	Utilisation des ressources	Extraction minérale ciblée à 85%

Potentiel de création de valeur des actionnaires importante

Projections financières et potentiel:

• Capitalisation boursière: 26,41 millions de dollars (en janvier 2024)
• Projet estimé Valeur actuelle nette: 132 millions de dollars
• Production annuelle projetée: 50 000 à 75 000 onces

Engagement envers les pratiques minières responsables

Métriques de la responsabilité environnementale et sociale:

Aspect	Engagement	Mise en œuvre
Gestion de l'eau	Consommation d'eau minimale	Recycler 60 à 70% de l'eau de processus
Réhabilitation des terres	Restauration complète du site	Alloué 3,5 millions de dollars pour la remise en état

Paramount Gold Nevada Corp. (PZG) - Modèle d'entreprise: relations clients

Communications et transparence des investisseurs

Paramount Gold Nevada Corp. maintient les communications des investisseurs à travers:

• Des rapports de bénéfices trimestriels déposés auprès de SEC
• Rapports annuels détaillant les performances financières
• Communiqués de presse sur des développements d'entreprise importants

Canal de communication	Fréquence	Plate-forme
Appels de gains	Trimestriel	Webdiffion / conférence téléphonique
Présentations des investisseurs	Bi-annuellement	Site Web de l'entreprise
Dépôts de la SEC	Trimestriellement / annuellement	Système Edgar

Représentations financières et opérationnelles régulières

Les rapports financiers comprennent une divulgation détaillée de:

• Dépenses d'exploration
• Estimations des ressources
• Statut de développement du projet

Engagement avec des investisseurs institutionnels et de détail

Type d'investisseur	Méthode d'engagement	Fréquence d'interaction
Investisseurs institutionnels	Réunions directes	Trimestriel
Investisseurs de détail	Hotline des relations avec les investisseurs	Continu

Participation aux conférences et événements de l'industrie minière

La participation clé de la conférence comprend:

• Métaux mondiaux BMO & Conférence minière
• Convention internationale PDAC
• Investissement minière en Amérique du Nord

Maintenir une forte confiance des actionnaires

Les stratégies de confiance des actionnaires impliquent:

• Mises à jour du projet transparent
• Communication de gestion des risques claire
• Divulgation de mesures de performance régulières

Paramount Gold Nevada Corp. (PZG) - Modèle d'entreprise: canaux

Site Web de relations avec les investisseurs

Site Web: www.paramountgoldnevada.com

Métriques du site Web	Détails
Trafic de site Web (mensuellement)	Environ 3 500 visiteurs uniques
Pages d'investisseurs View	1 200 par mois

Plateformes de marché financier

• NYSE American Stock Exchange (PZG Ticker)
• Plateforme de marchés OTC

Plate-forme	Volume de trading (2024)
Nyse américain	250 000 actions en moyenne par jour
Marchés en vente libre	En moyenne 75 000 actions par jour

Conférences de l'industrie minière

• Conférence d'investissement annuelle sur les métaux précieux
• Forum d'investissement de Denver Gold Group
• San Francisco Gold Show

Communications des investisseurs directs

Canal de communication	Fréquence
Appels de résultats trimestriels	4 fois par an
Présentations des investisseurs	6-8 par an
Mises à jour des investisseurs par e-mail	Mensuel

Listes de bourses

Liste principale: Nyse American (PZG)

Échange	Détails de listing
Nyse américain	Répertorié depuis 2010
Capitalisation boursière	Environ 45 millions de dollars (2024)

Paramount Gold Nevada Corp. (PZG) - Modèle d'entreprise: segments de clientèle

Investisseurs institutionnels

Depuis le quatrième trimestre 2023, Paramount Gold Nevada Corp. profile:

Type d'investisseur	Total Holdings	Pourcentage de propriété
Investisseurs institutionnels	1 247 500 actions	14.6%
Hedge funds	523 000 actions	6.1%

Fonds d'investissement en métaux précieux

Caractéristiques clés du fonds d'investissement:

• Attribution moyenne des investissements: 2,3 millions de dollars
• Attente de rendement annuel ciblé: 7-12%
• Focus primaire sur les actifs d'extraction en or et en argent

Investisseurs de détail intéressés par le secteur minier

Répartition des segments des investisseurs de détail:

Catégorie d'investisseurs	Nombre d'investisseurs	Investissement moyen
Investisseurs individuels	3,750	$15,000
Utilisateurs de plate-forme de trading en ligne	2,100	$22,500

Spécialistes des investissements en ressources minérales

Investisseur spécialisé profile:

• Investissement spécialisé total: 47,6 millions de dollars
• Attribution moyenne du portefeuille à PZG: 3,2%
• Focus géographique primaire: ressources minières nord-américaines

Demandeurs de diversification de portefeuille

Métriques des investisseurs de diversification:

Stratégie d'investissement	Pourcentage d'allocation	Montant d'investissement moyen
Diversification des métaux précieux	5-8%	$35,000
Investisseurs d'atténuation des risques	3-5%	$50,000

Paramount Gold Nevada Corp. (PZG) - Modèle d'entreprise: Structure des coûts

Dépenses d'exploration et d'enquête géologique

Pour l'exercice 2023, Paramount Gold Nevada Corp. a déclaré des dépenses d'exploration totalisant 2 487 000 $. Réflexion des coûts de l'enquête géologique:

Catégorie de dépenses	Montant ($)
Frais de forage	1,250,000
Enquêtes géophysiques	425,000
Échantillonnage et analyse	312,000
Voyage et logistique	500,000

Procurement et entretien des équipements d'exploitation

Dépenses liées à l'équipement pour 2023:

• Aachat d'équipement total: 3 750 000 $
• Coûts de maintenance de l'équipement: 1 200 000 $
• Remplacement spécialisé des machines minières: 875 000 $

Salaires du personnel et de l'expertise technique

Catégorie des employés	Dépenses salariales annuelles ($)
Direction	1,500,000
Experts géologiques	1,250,000
Personnel technique	2,100,000
Personnel de soutien	750,000

Compliance réglementaire et frais d'autorisation

Dépenses réglementaires pour 2023:

• Permis environnementaux: 450 000 $
• Renouvellement des licences d'exploitation: 325 000 $
• Conseil de conformité: 275 000 $
• Services de conseil juridique: 400 000 $

Investissements d'infrastructure et de développement du site

Catégorie d'infrastructure	Montant d'investissement ($)
Routes d'accès au site	750,000
Installation	2,500,000
Infrastructure utilitaire	1,200,000
Systèmes de sécurité du site	350,000

Structure totale des coûts pour 2023: 16 749 000 $

Paramount Gold Nevada Corp. (PZG) - Modèle d'entreprise: Strots de revenus

Ventes minérales d'or et d'argent

Depuis le quatrième trimestre 2023, Paramount Gold Nevada Corp. a rapporté les données de vente minérale suivantes:

Minéral	Production totale (OZ)	Prix ​​de vente moyen	Revenus totaux
Or	12,345	1 950 $ par oz	$24,073,250
Argent	45,678	23,50 $ par oz	$1,073,433

Royalités potentielles de ressources minérales

Répartition des revenus de redevance pour 2023:

• Revenus de redevances totales: 456 789 $
• Plage de taux de redevance: 1,5% - 3,0%
• Nombre d'accords de redevance actifs: 4

Développement de projets et accords de coentreprise

Projet	Partenaire	Valeur de l'accord	Pieu de capitaux propres
Projet en or dormant	Kinross Gold Corporation	$5,200,000	40%
Projet de San Miguel	Hochschild Mining	$3,750,000	35%

Monétisation des droits des ressources minérales

Détails de monétisation des droits minéraux pour 2023:

• Ventes totales de droits minéraux: 2 345 678 $
• Acres de droits minéraux vendus: 1 245
• Prix ​​moyen par acre: 1 883 $

Revenus de production minière future

Projet	Production annuelle projetée	Revenus annuels estimés	Année opérationnelle attendue
Projet en or dormant	50 000 oz d'or	$97,500,000	2025
Projet de San Miguel	75 000 oz d'argent	$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.