Paramount Gold Nevada (PZG) Registration filing summary

Company overview and business model

• Acquires, explores and develops advanced-stage precious-metal projects in Nevada and Oregon; exploration and engineering programs aim to expand and upgrade mineralized material to reserves.

• Grassy Mountain is in Malheur County, Oregon; the Sleeper Gold Project in Humboldt County, Nevada, was a producing mine until 1996.

• Potential value-realization paths include selling projects to producers, joint ventures, or building and operating small mines.

Financial performance and metrics

• Baker Tilly issued an unqualified audit opinion on FY26 and FY25 consolidated financial statements, with an explanatory paragraph concerning going-concern uncertainty.

• Common shares outstanding were 86,546,696 on Oct. 9, 2026; the filing’s illustrative ATM case assumes 18,957,345 shares sold at $1.055, yielding 105,504,041 shares outstanding.

• Previously sold $17,927,217 of common stock under the sales agreement.

Use of proceeds and capital allocation

• Net proceeds from the ATM, if any, are intended for general working capital; proceeds are not intended for optional prepayment of indebtedness.

• Actual proceeds and use timing may vary with progress on Oregon’s revised consolidated permit application for Grassy Mountain, related development, and unforeseen cash needs.

• Pending use, proceeds may be invested in short-term interest-bearing investment-grade instruments, U.S. government securities and highly rated corporate debt.