Paramount Gold shares surge 39.31% after-hours after federal approval of Grassy Mountain gold project.

Paramount Gold (PZG) surged 39.31% in after-hours trading following the announcement that its Grassy Mountain Gold Project received the final Record of Decision (ROD) under the National Environmental Policy Act, completing the federal permitting process. This approval, after years of environmental reviews and community engagement, confirms the project as "shovel-ready," signaling reduced regulatory risk and potential operationalization. The ROD also highlighted the project's alignment with the FAST-41 permitting dashboard, streamlining federal oversight and emphasizing responsible development. CEO Rachel Goldman underscored the project’s economic impact, including job creation in Oregon’s Malheur County, reinforcing investor confidence in Paramount’s growth trajectory. The approval directly de-risks the asset, aligning with the company’s strategy to monetize its gold-silver deposits through development or partnerships.