Paramount Gold shares surge 91.33% after-hours after federal approval for Grassy Mountain gold project completes NEPA review.

Paramount Gold (PZG) surged 91.33% in after-hours trading following the announcement that the Bureau of Land Management signed the Record of Decision (ROD) for its Grassy Mountain Gold Project in Oregon, finalizing federal environmental review under NEPA. The ROD, which incorporates public feedback and streamlines permitting via the FAST-41 dashboard, makes the project "shovel-ready," enabling development on 8,200 acres with a gold-silver deposit fully on private land. The approval, highlighted in multiple news reports, underscores progress toward operationalizing the project, which the CEO noted could stimulate Oregon’s local economy with high-quality jobs. The stock’s dramatic after-hours rise directly aligns with the positive regulatory milestone, reflecting investor optimism over de-risked development and potential revenue growth.