PARAMOUNT GOLD NEVADA
NEWS AND EVENTS
Paramount Gold Nevada Announces Term Sheet For Financing Of Up To $15 Million With Sprott
March 1, 2023
Winnemucca, Nevada – March 1, 2023 – Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has executed a non-binding term sheet with Sprott Resource and Streaming Royalty Corp. (“Sprott Streaming”), for a Royalty Convertible Note (“RCN”) providing for minimum proceeds of $10 million and maximum proceeds of up to $15 million.
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The Grassy Mountain Gold Project (“Grassy”) is located in Malheur County, eastern Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho.
On November 14, 2018, Paramount entered into an agreement with a wholly owned subsidiary of Ely Gold Royalties (TSX-v: ELY) to purchase a 100% interest in 896 acres known as the Frost Project (“Frost”).
Paramount Gold Nevada owns a 100% interest in the Sleeper Gold Project, a former high-grade open pit gold producer located off a main highway approximately 25 miles northwest of the town of Winnemucca, Nevada.
In August 2021, we completed the acquisition of the Bald Peak project, located in the well-known Aurora mining district in Mineral County, Nevada, and situated on a parallel structure to that which hosts the prolific open-pit Bodie, Aurora, and Borealis mines.