Paramount Gold shares surge 35.17% after-hours after Grassy Mountain Project receives approval, completing federal environmental review.

Paramount Gold surged 35.17% in after-hours trading following the U.S. Bureau of Land Management’s approval of its Grassy Mountain gold project, completing the federal environmental review process. The Record of Decision (ROD) and Final Environmental Impact Statement incorporated public feedback, ensuring compliance with the National Environmental Policy Act, while CEO Rachel Goldman highlighted the project’s potential to stimulate the U.S. mining industry and create jobs in Oregon. Enhanced transparency through BLM portals and the project’s designation as "shovel-ready" bolstered investor confidence, aligning with the stock’s sharp rise.