Paramount Gold Nevada Corp. announced that the Bureau of Land Management signed the Record of Decision for its Grassy Mountain Gold Project on January 29, 2026, concluding the federal environmental review under the National Environmental Policy Act and confirming that the project meets all regulatory requirements for construction and operation.
The Grassy Mountain project sits in Malheur County, Oregon, on a 8,280‑acre parcel that could become the state’s first modern gold mine. The land package places the company in a high‑grade gold district and positions it as a key player in the region’s mining landscape.
With the ROD in place, the project is now shovel‑ready, a critical de‑risking milestone that allows Paramount to pursue construction financing or a sale to a producer without further federal regulatory delays. The approval strengthens the company’s strategic position and could unlock the value of its Oregon asset.
Paramount is an exploration‑stage company with no current revenue and negative earnings per share. CEO Rachel Goldman described the approval as a “historic milestone” that reflects years of technical and environmental work and sustained community engagement, and she highlighted the project’s potential to create high‑quality jobs in Malheur County.
The ROD also follows the project’s inclusion on the BLM’s Permitting Council FAST‑41 Transparency Projects Dashboard, underscoring the company’s commitment to a streamlined and transparent permitting process. The approval marks a significant step toward realizing the project’s full development potential.
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