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Paramount's Grassy Mountain Earns Positive Completeness Determination, Marking Oregon's First Approved Mining Project

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Paramount Gold Nevada Corp Receives Complete Permit Application Approval for Grassy Mountain Project

Paramount Gold Nevada Corp (NYSE American: PZG) is pleased to announce that its Consolidated Permit Application (CPA) for the Grassy Mountain Project has been deemed complete by the State of Oregon's Technical Review Team (TRT). This milestone approval allows state agencies to proceed with the permit writing process for the high-grade gold and silver mine. The decision was unanimously approved by the TRT at a public meeting on October 4, 2023.

Progressing Towards Construction and Operation

With the completeness determination by the TRT, the next step is for the Oregon Department of Geology and Mineral Industries (DOGAMI) to issue the Notice to Proceed. The DOGAMI expects to issue the final consolidated permits for the Grassy Mountain Mine within one year from the issuance of the Notice, in accordance with state laws. Paramount President, COO, and Director, Glen Van Treek, expressed gratitude towards the team, shareholders, and local community for their dedication and support.

Environmental Evaluation and Socio-Economic Analysis

As part of the permitting process, the State of Oregon will concurrently complete an environmental evaluation and socio-economic analysis (EE) for the proposed Grassy Mountain Mine. Stantec, a global leader in engineering and environmental consulting, has already initiated the EE, which is anticipated to be completed in early 2024. In conclusion, the approval of Paramount Gold Nevada Corp's Consolidated Permit Application for the Grassy Mountain Project marks a significant milestone in the progression towards constructing and operating the mine. The project is expected to bring substantial economic benefits to the communities of eastern Oregon while adhering to environmental considerations.

Implications of Paramount Gold Nevada Corp's Grassy Mountain Project for New Businesses

The approval of Paramount Gold Nevada Corp's Consolidated Permit Application for the Grassy Mountain Project could have substantial implications for new businesses, particularly those in the mining and related sectors. This milestone approval sets a precedent for the permitting process, demonstrating the potential for new businesses to successfully navigate regulatory hurdles and obtain necessary permissions for their operations.

Opportunities for Innovation and Growth

The project's progression towards construction and operation could inspire new businesses to explore similar ventures. The expected economic benefits to the communities of eastern Oregon could stimulate local economies, creating opportunities for businesses in a range of sectors, from construction and engineering to retail and services.
Emphasizing Environmental and Socio-Economic Considerations
The concurrent environmental evaluation and socio-economic analysis being conducted as part of the permitting process underscores the importance of these considerations in modern mining operations. New businesses could take a cue from this approach, integrating environmental and socio-economic considerations into their strategies to ensure sustainable and responsible operations. In conclusion, Paramount Gold Nevada Corp's Grassy Mountain Project could serve as a valuable case study for new businesses in the mining sector. By navigating regulatory processes, prioritizing community benefits, and emphasizing environmental considerations, these businesses could carve out a successful niche in this competitive industry.
Story First Published at: https://financialpost.com/globe-newswire/paramounts-grassy-mountain-becomes-the-first-mining-project-in-oregon-to-receive-a-positive-completeness-determination-from-state-agencies
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