BLM and DOGAMI Agree to a Joint Reclamation Bond for the Proposed Grassy Mountain Gold and Silver Mine
Paramount Gold Nevada Corp. (PZG)
NASDAQ:AMEX Investor Relations:
paramountnevada.com
Company Research
Source: GlobeNewswire
WINNEMUCCA, Nev., May 21, 2024 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) is pleased to announce its proposed Grassy Mountain gold mine will have the benefit of a joint reclamation bond between the Oregon Department of Geology and Mineral Industries (the “DOGAMI”) and the Bureau of Land Management (“BLM”). The two agencies have executed a Memorandum of Understanding (“MOU”) which ensures that Paramount will not be required to post two reclamation bonds, thereby reducing capital requirements, and lessening the administrative burden. The approach undertaken by the DOGAMI and BLM aligns with how environmental bonding has been established in the mining friendly jurisdiction of Nevada. Upon submission of the reclamation cost estimate by the Company, the DOGAMI and BLM will determine a single amount to be posted as financial security. Paramount’s President, COO and Director, Mr. Glen Van Treek stated, “We are extremely pleased by
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News
- BLM and DOGAMI Agree to a Joint Reclamation Bond for the Proposed Grassy Mountain Gold and Silver Mine [Yahoo! Finance]Yahoo! Finance
- BLM and DOGAMI Agree to a Joint Reclamation Bond for the Proposed Grassy Mountain Gold and Silver Mine [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BLM Issues Notice of Intent for Paramount Gold's Proposed High-Grade Grassy Mountain Gold and Silver Mine [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BLM Issues Notice of Intent for Paramount Gold's Proposed High-Grade Grassy Mountain Gold and Silver Mine [Yahoo! Finance]Yahoo! Finance
- BLM Issues Notice of Intent for Paramount Gold’s Proposed High-Grade Grassy Mountain Gold and Silver MineGlobeNewswire
PZG
Sec Filings
- 5/24/24 - Form 8-K
- 5/16/24 - Form 8-K
- 5/16/24 - Form 424B5
- PZG's page on the SEC website