Business
Paramount Gold Closes Royalty Agreement With Franco-Nevada Corporation on Sleeper Gold Project
WINNEMUCCA, Nev., April 17, 2019 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount” or “the Company”) announced today that it has
About this update from Paramount Gold Nevada Corp.
[{"type":"text","content":" WINNEMUCCA, Nev., April 17, 2019 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (\"Paramount” or “the Company”) announced today that it has closed the previously announced (April 11, 2019) royalty agreement with Franco-Nevada Corporation (“Franco”) (NYSE: FNV) (TSX: FNV) for a 2% Net Smelter Return Royalty (“NSR”) on its Sleeper Gold property for US$2 million. The proceeds from the sale of the NSR will be used towards the continued advancement of the permitting efforts, feasibility level work and exploration at the Company’s high grade, Grassy Mountain gold project in eastern Oregon. To stay informed of future press releases, subscribe to our E-Alerts Program and to learn more about our projects visit the projects section of our website. About Paramount Gold Nevada Corp. Paramount Gold Nevada is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering into joint ventures with producers for construction and operation; or constructing and operating mines for its own account. Paramount owns 100% of the Grassy Mountain Gold Project which consists of approximately 4,450 hectares located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit (100% located on private land) for which results of a positive PFS have been released and key permitting milestones accomplished (see press release dated May 24, 2018). Additionally, Paramount owns a 100% interest in the Sleeper Gold Project located in Northern Nevada. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,322 unpatented mining claims (approximately 60 square miles or 15,500 hectares). Safe Harbor for Forward-Looking Statements This release and related documents may include \"forward-looking statements\" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995...