Paramount Gold Nevada Corp. (PZG): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no mundo estratégico da Paramount Gold Nevada Corp. (PZG), uma empresa de mineração dinâmica que transforma o potencial geológico em valor do acionista por meio de exploração inovadora e desenvolvimento estratégico de recursos. Com uma abordagem focada em laser na mineração de ouro e prata em Nevada e México, a PZG aproveita tecnologias de ponta, parcerias estratégicas e um modelo de negócios robusto para desbloquear os tesouros ocultos sob a superfície da Terra. Sua abrangente modelo de negócios Canvas revela um projeto sofisticado para o sucesso da mineração, prometendo aos investidores uma jornada atraente por paisagens ricas em recursos e potencial riqueza mineral.

Paramount Gold Nevada Corp. (PZG) - Modelo de negócios: Parcerias -chave

Aliança estratégica com empreiteiros de mineração e fornecedores de equipamentos

A Paramount Gold Nevada Corp. mantém parcerias estratégicas com os seguintes provedores de equipamentos e serviços seguintes:

Tipo de parceiro	Nome do parceiro	Serviços/equipamentos específicos
Empreiteiro de perfuração	Grupo de perfuração principal internacional	Serviços de perfuração superficiais e subterrâneos
Fornecedor de equipamentos	Caterpillar Inc.	Equipamento de mineração e máquinas pesadas
Tecnologia de exploração	Geotech Ltd.	Tecnologias geofísicas de pesquisa e mapeamento

Acordos de joint venture com parceiros de exploração e desenvolvimento

As parcerias atuais de joint venture incluem:

• Kinross Gold Corporation - Contrato de exploração do projeto Gold Sleeper
• Joint venture estratégica com empresas locais de exploração mineral baseadas em Nevada

Colaboração com governos locais em regiões de mineração

A Paramount Gold Nevada mantém parcerias governamentais em:

• Condado de Humboldt, Nevada
• Washoe County, Nevada

Parcerias técnicas com empresas de consultoria geológica

Empresa de consultoria	Especialização	Envolvimento do projeto
Associados de Desenvolvimento de Minas	Estimativa de recursos	Avaliação técnica do Projeto Gold Sleeper
Tetra Tech Inc.	Permissão ambiental	Avaliações de conformidade regulatória

Paramount Gold Nevada Corp. (PZG) - Modelo de negócios: Atividades -chave

Exploração de ouro e prata em Nevada e México

Projetos de exploração em 2024:

Projeto	Localização	Status	Área estimada (acres)
Projeto Gold Sleeper	Nevada, EUA	Exploração ativa	3,900
Projeto San Miguel	Chihuahua, México	Exploração avançada	1,500

Desenvolvimento e estimativa de recursos minerais

Métricas de estimativa de recursos:

• Recursos medidos e indicados: 637.000 onças de ouro
• Recursos inferidos: 352.000 onças de ouro
• Recursos de prata: aproximadamente 1,2 milhão de onças

Preparação do local da mina e desenvolvimento de infraestrutura

Componente de infraestrutura	Investimento ($)	Status
Infraestrutura do projeto dorminhoco	US $ 12,5 milhões	Em andamento
Equipamento de perfuração de exploração	US $ 3,2 milhões	Implantado

Pesquisas e avaliações geológicas contínuas

Despesas de Pesquisa Geológica em 2023:

• Pesquisas geofísicas: US $ 1,7 milhão
• Mapeamento geológico: US $ 850.000
• Amostragem geoquímica: US $ 620.000

Operações de extração e processamento minerais

Métrica de processamento	Capacidade anual	Taxa de recuperação estimada
Processamento de ouro	50.000-75.000 onças	85.6%
Processamento de prata	150.000-200.000 onças	82.3%

Paramount Gold Nevada Corp. (PZG) - Modelo de negócios: Recursos -chave

Direitos de exploração mineral e concessões da terra

A partir de 2024, a Paramount Gold Nevada Corp. detém direitos de exploração mineral para as seguintes propriedades:

Nome da propriedade	Localização	Total de acres	Tipo de direitos minerais
Projeto Grassy Mountain	Oregon, EUA	8.615 acres	Exploração de ouro

Tecnologias avançadas de mapeamento e exploração geológicas

A Paramount Gold Nevada utiliza os seguintes recursos tecnológicos:

• Software de mapeamento geológico 3D
• Equipamento de pesquisa geofísica de alta resolução
• Tecnologias avançadas de perfuração e amostragem central

Experiência de engenharia de mineração e experiência geológica

Categoria de pessoal	Número de profissionais	Experiência média
Geólogos	7	15 anos
Engenheiros de Mineração	5	12 anos

Investimento de capital para desenvolvimento de minas

Recursos Financeiros a partir dos relatórios mais recentes:

Métrica financeira	Quantia
Total de ativos	US $ 23,4 milhões
Caixa e equivalentes de dinheiro	US $ 4,2 milhões
Capital de giro	US $ 5,6 milhões

Equipamento de mineração especializado e infraestrutura

Tipo de equipamento	Quantidade	Valor estimado
Platas de perfuração	3	US $ 1,5 milhão
Veículos de exploração	6	$450,000
Equipamento de análise geológica	Configuração abrangente do laboratório	$750,000

Paramount Gold Nevada Corp. (PZG) - Modelo de Negócios: Proposições de Valor

Projetos de mineração de ouro e prata de alto potencial

Paramount Gold Nevada Corp. concentra -se em dois projetos de mineração primária:

Projeto	Localização	Recurso estimado	Status atual
Projeto Gold Sleeper	Condado de Humboldt, Nevada	1,3 milhão de onças equivalentes a ouro	Avaliação econômica preliminar concluída
Projeto San Miguel	Durango, México	1,05 milhão de onças equivalentes a ouro	Estágio de exploração e desenvolvimento

Concentre-se em regiões ricas em recursos

Concentração de depósito mineral em locais estratégicos:

• Nevada: conhecido por depósitos de ouro de alta qualidade
• México: Potencial mineral significativo de prata e ouro
• Zonas geológicas comprovadas com atividade histórica de mineração

Estratégias de extração mineral sustentável e eficiente

Detalhes da abordagem de extração:

Estratégia	Métrica	Desempenho
Recuperação de lixiviação de heap	Taxa de recuperação de ouro	70-80% eficiência projetada
Mineração subterrânea	Utilização de recursos	Atingir 85% de extração mineral

Potencial para criação significativa de valor dos acionistas

Projeções financeiras e potencial:

• Capitalização de mercado: US $ 26,41 milhões (em janeiro de 2024)
• Projeto estimado Valor presente líquido: US $ 132 milhões
• Produção anual de ouro projetada: 50.000-75.000 onças

Compromisso com práticas de mineração responsáveis

Métricas de responsabilidade ambiental e social:

Aspecto	Compromisso	Implementação
Gerenciamento da água	Consumo mínimo de água	Reciclagem de 60-70% da água do processo
Reabilitação da terra	Restauração completa do site	Alocados US $ 3,5 milhões para recuperação

Paramount Gold Nevada Corp. (PZG) - Modelo de Negócios: Relacionamentos do Cliente

Comunicações de investidores e transparência

Paramount Gold Nevada Corp. mantém as comunicações dos investidores através de:

• Relatórios de ganhos trimestrais arquivados com Sec
• Relatórios anuais detalhando o desempenho financeiro
• Comunicados de imprensa em desenvolvimentos corporativos significativos

Canal de comunicação	Freqüência	Plataforma
Chamadas de ganhos	Trimestral	Chamada de webcast/conferência
Apresentações de investidores	Bi-semestralmente	Site corporativo
Registros da SEC	Trimestralmente/anualmente	Sistema Edgar

Relatórios financeiros e operacionais regulares

Os relatórios financeiros incluem divulgação detalhada de:

• Despesas de exploração
• Estimativas de recursos
• Status de desenvolvimento do projeto

Engajamento com investidores institucionais e de varejo

Tipo de investidor	Método de engajamento	Frequência de interação
Investidores institucionais	Reuniões diretas	Trimestral
Investidores de varejo	Linha direta de relações com investidores	Contínuo

Participação em conferências e eventos da indústria de mineração

A participação da conferência importante inclui:

• BMO Global Metals & Conferência de Mineração
• Convenção Internacional do PDAC
• Investimento de mineração na América do Norte

Mantendo a forte confiança dos acionistas

Estratégias de confiança do acionista envolvem:

• Atualizações transparentes do projeto
• Comunicação clara de gerenciamento de riscos
• Divulgação de Métricas de Desempenho regular

Paramount Gold Nevada Corp. (PZG) - Modelo de Negócios: Canais

Site de Relações com Investidores

Site: www.paramountgoldnevada.com

Métricas do site	Detalhes
Tráfego do site (mensalmente)	Aproximadamente 3.500 visitantes únicos
Visualizações de página do investidor	1.200 por mês

Plataformas de mercado financeiro

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

Plataforma	Volume de negociação (2024)
NYSE AMERICANO	Média de 250.000 ações por dia
Mercados de OTC	Média de 75.000 ações por dia

Conferências da indústria de mineração

• Conferência anual de investimento de metais preciosos
• Fórum de Investimento em Grupo Denver Gold
• São Francisco Gold Show

Comunicações de investidores diretos

Canal de comunicação	Freqüência
Chamadas de ganhos trimestrais	4 vezes por ano
Apresentações de investidores	6-8 por ano
Atualizações de investidores por email	Mensal

Listagens de bolsas de valores

Listagem primária: NYSE AMERICANO (PZG)

Intercâmbio	Detalhes da listagem
NYSE AMERICANO	Listado desde 2010
Capitalização de mercado	Aproximadamente US $ 45 milhões (2024)

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

Investidores institucionais

A partir do quarto trimestre 2023, a Paramount Gold Nevada Corp. atraiu investidores institucionais com o seguinte profile:

Tipo de investidor	Total de Holdings	Porcentagem de propriedade
Investidores institucionais	1.247.500 ações	14.6%
Fundos de hedge	523.000 ações	6.1%

Fundos de investimento de metais preciosos

Principais características do fundo de investimento:

• Alocação média de investimento: US $ 2,3 milhões
• Expectativa de retorno anual direcionada: 7-12%
• Foco primário em ativos de mineração de ouro e prata

Investidores de varejo interessados ​​em setor de mineração

Repartição do segmento de investidores de varejo:

Categoria de investidores	Número de investidores	Investimento médio
Investidores individuais	3,750	$15,000
Usuários da plataforma de negociação on -line	2,100	$22,500

Especialistas em investimentos em recursos minerais

Investidor especializado profile:

• Investimento especializado total: US $ 47,6 milhões
• Alocação média de portfólio para PZG: 3,2%
• Foco geográfico primário: recursos de mineração norte -americanos

Buscadores de diversificação de portfólio

Métricas de investidores de diversificação:

Estratégia de investimento	Porcentagem de alocação	Valor médio de investimento
Diversificação de metais preciosos	5-8%	$35,000
Investidores de mitigação de risco	3-5%	$50,000

Paramount Gold Nevada Corp. (PZG) - Modelo de negócios: estrutura de custos

Despesas de exploração e pesquisa geológica

Para o ano fiscal de 2023, a Paramount Gold Nevada Corp. relatou despesas de exploração totalizando US $ 2.487.000. Remutação de custos da pesquisa geológica:

Categoria de despesa	Valor ($)
Custos de perfuração	1,250,000
Pesquisas geofísicas	425,000
Amostragem e análise	312,000
Viagens e logística	500,000

Compras e manutenção de equipamentos de mineração

Despesas relacionadas ao equipamento para 2023:

• Aquisição total de equipamentos: US $ 3.750.000
• Custos de manutenção de equipamentos: US $ 1.200.000
• Substituição especializada em máquinas de mineração: US $ 875.000

Salários de funcionários e conhecimentos técnicos

Categoria de funcionários	Despesas salariais anuais ($)
Gestão executiva	1,500,000
Especialistas geológicos	1,250,000
Equipe técnica	2,100,000
Pessoal de apoio	750,000

Conformidade regulatória e custos de permissão

Despesas regulatórias para 2023:

• Permissões ambientais: US $ 450.000
• Renovações de licença de mineração: US $ 325.000
• Consultoria de conformidade: US $ 275.000
• Serviços de Consultoria Jurídica: US $ 400.000

Investimentos de infraestrutura e desenvolvimento de locais

Categoria de infraestrutura	Valor do investimento ($)
Estradas de acesso ao local	750,000
Construção da instalação	2,500,000
Infraestrutura de utilidade	1,200,000
Sistemas de segurança do site	350,000

Estrutura de custo total para 2023: $ 16.749.000

Paramount Gold Nevada Corp. (PZG) - Modelo de negócios: fluxos de receita

Vendas minerais de ouro e prata

A partir do quarto trimestre 2023, a Paramount Gold Nevada Corp. relatou os seguintes dados de vendas minerais:

Mineral	Produção total (OZ)	Preço médio de venda	Receita total
Ouro	12,345	US $ 1.950 por oz	$24,073,250
Prata	45,678	US $ 23,50 por oz	$1,073,433

Possíveis royalties de recursos minerais

Renda de royalties Recutação de 2023:

• Receita total de royalties: US $ 456.789
• Faixa da taxa de royalties: 1,5% - 3,0%
• Número de acordos de royalties ativos: 4

Desenvolvimento de projetos e acordos de joint venture

Projeto	Parceiro	Valor do acordo	Participação em ações
Projeto Gold Sleeper	Kinross Gold Corporation	$5,200,000	40%
Projeto San Miguel	Mineração de Hochschild	$3,750,000	35%

Monetização dos direitos dos recursos minerais

Detalhes de monetização dos direitos minerais para 2023:

• Vendas totais de direitos minerais: US $ 2.345.678
• Acres de direitos minerais vendidos: 1.245
• Preço médio por acre: US $ 1.883

Futuras receitas de produção de mineração

Projeto	Produção anual projetada	Receita anual estimada	Ano operacional esperado
Projeto Gold Sleeper	50.000 onças de ouro	$97,500,000	2025
Projeto San Miguel	75.000 onças de prata	$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.