Paramount Gold Nevada Corp. announces results of annual meeting; shareholders elected eight directors and ratified accounting firm.
Quiver AI Summary
Paramount Gold Nevada Corp. held its annual general meeting on December 12, 2024, where 56.70% of stockholders voted to elect eight members to its Board of Directors for a one-year term. The elected directors include Rudi Fronk, Glen Van Treek, Rachel Goldman, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien, Pierre Pelletier, and Samantha Espley, with varying voting support percentages. Shareholders also ratified Moss Adams LLP as the independent public accounting firm for the 2025 fiscal year. Paramount Gold focuses on precious metals exploration and aims to generate shareholder value through asset sales, joint ventures, or mine operations. The company owns three projects: Grassy Mountain, Sleeper, and Bald Peak, all located in prime mining areas.
Potential Positives
- The election of eight members to Paramount’s Board of Directors was conducted successfully, reflecting strong stockholder engagement and support, with high percentages of votes cast in favor of each nominee.
- The ratification of Moss Adams LLP as the independent registered public accounting firm for the upcoming fiscal year signifies strong shareholder confidence in the company's financial oversight.
- Paramount's announcement of a positive Feasibility Study for the Grassy Mountain Gold Project, along with achievement of key permitting milestones, indicates progress in its project development and potential for future value creation.
- The company's strategic focus on exploring and developing its mineral properties to create shareholder value demonstrates a clear direction and long-term commitment to growth in the precious metals sector.
Potential Negatives
- Only 56.70% of outstanding shares voted, indicating low shareholder engagement and potential dissatisfaction with the company's performance or governance.
- There were a significant number of broker non-votes (13,726,243), which may suggest concerns about the company's direction among institutional investors.
- Some board members, such as John Carden, received a noteworthy percentage of withheld votes (8.24%), reflecting possible shareholder discontent with their continued service.
FAQ
What were the results of the Paramount Gold Nevada Corp. stockholder meeting?
At the annual meeting held on December 12, 2024, stockholders elected eight directors and ratified Moss Adams LLP as the accounting firm.
Who were elected to Paramount's Board of Directors?
The elected directors are Rudi Fronk, Glen Van Treek, Rachel Goldman, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien, Pierre Pelletier, and Samantha Espley.
What was the voter turnout at the meeting?
Out of 66,058,111 shares entitled to vote, 37,451,869 shares or 56.70% participated in the voting process.
What projects does Paramount Gold Nevada Corp. hold?
Paramount holds 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, all located in Nevada and Oregon.
What is the strategy of Paramount Gold Nevada Corp.?
Paramount aims to create shareholder value by exploring and developing its mineral properties, leveraging options like sales, joint ventures, or self-operated mines.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PZG Hedge Fund Activity
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Full Release
WINNEMUCCA, Nev., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE American: PZG) announces the results of the votes from its annual general meeting of the stockholders which was held on December 12, 2024. There were 66,058,111 shares outstanding and entitled to vote at the meeting as of the record date of October 17, 2024, of which, 37,451,869 shares or 56.70% voted.
The stockholders elected the following eight individuals to Paramount’s Board of Directors for a one year term expiring at the 2024 Annual General Meeting: Rudi Fronk, Glen Van Treek, Rachel Goldman, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien, Pierre Pelletier and Samantha Espley.
Detailed voting results of the election of directors were as follows:
Name of Nominee | For | Withheld | Percentage For | Percentage Withheld |
Rudi Fronk | 20,922,263 | 2,803,192 | 88.18% | 11.82% |
Glen Van Treek | 23,348,072 | 377,554 | 98.41% | 1.69% |
Rachel Goldman | 22,983,121 | 742,505 | 96.87% | 3.23% |
Christopher Reynolds | 23,359,724 | 365,902 | 98.46% | 1.54% |
John Carden | 21,768,235 | 1,955,542 | 91.76% | 8.24% |
Eliseo Gonzalez-Urien | 21,915,846 | 1,809,780 | 92.37% | 7.63% |
Pierre Pelletier | 23,350,777 | 374,849 | 98.42% | 1.58% |
Samantha Espley | 23,366,487 | 359,139 | 98.49% | 1.51% |
There were 13,726,243 broker non-votes.
The stockholders ratified Moss Adams LLP as our independent registered public accounting firm for the fiscal year ended June 30, 2025 with 37,141,115 (99.17 %) voting ‘for’, 141,208 (0.38 %) voting ‘against’ and 169,546 (0.45 %) abstaining to vote.
About Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering joint ventures with producers for construction and operation; or constructing and operating mines for its own account. Additional information about Paramount Gold’s portfolio of assets is available at
www.paramountnevada.com
or by email at
info@paramountnevada.com
.
Paramount holds a 100% interest in three projects: Grassy Mountain; Sleeper and Bald Peak. The Grassy Mountain Gold Project ("Grassy") consists of approximately 8,200 acres located on private and BLM land in Malheur County, Oregon. Grassy contains a gold-silver deposit (100% located on private land) for which results of a positive
Feasibility Study
have been released and key permitting milestones accomplished.
The Sleeper Gold Project is in Northern Nevada, the world’s premier mining jurisdiction. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,474 unpatented mining claims (approximately 44,917 acres).
The drill ready, Bald Peak Project in Nevada, consists of approximately 2,260 acres.
Safe Harbor for Forward-Looking Statements
This release and related documents may include "forward-looking statements" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions are intended to identify forward-looking statements, although these words may not be present in all forward-looking statements. Forward-looking statements included in this news release include, without limitation, statements with respect to the use of proceeds from the Offerings. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the conclusions made in the feasibility study for the Grassy Mountain Gold Project (the “FS”); the quantity and grade of resources included in resource estimates; the accuracy and achievability of projections included in the FS; Paramount’s ability to carry on exploration and development activities, including construction; the timely receipt of required approvals and permits; the price of silver, gold and other metals; prices for key mining supplies, including labor costs and consumables, remaining consistent with current expectations; work meeting expectations and being consistent with estimates and plant, equipment and processes operating as anticipated. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results; environmental matters; the ability to obtain required permitting; equipment breakdown or disruptions; additional financing requirements; the completion of a definitive feasibility study for the Grassy Mountain Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs and between estimated and actual production; the global epidemics, pandemics, or other public health crises, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and the other factors described in Paramount’s disclosures as filed with the SEC and the Ontario, British Columbia and Alberta Securities Commissions. Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
Paramount Gold Nevada Corp.
Rachel Goldman, CEO and Director
Christos Theodossiou, Director of Corporate Communications
844.488.2233
Twitter: @ParamountNV
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