---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-000827"
form_type: "8-K"
ticker: "PZG"
cik: "0001629210"
company_name: "Paramount Gold Nevada Corp."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:42:46.666704+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Paramount Gold secures $15M debenture from Sprott, convertible into 4.75% royalty

## Summary
- $15M debenture from Sprott at 10% interest; interest payable in cash or stock at 7% discount.
- Proceeds used for Grassy Mountain permitting, general corporate, and repaying existing debt including Seabridge bridge note.
- Debenture convertible into 4.75% gross revenue royalty on Grassy Mountain gold/silver production.
- Paramount can buy back 50% of royalty for $11.25M (2nd year) or $12.375M (3rd year).
- Sprott granted ROFR on future mineral interest sales >$60M at Grassy Mountain.

## SEC filing metadata
- accession: 0001193125-24-000827
- form_type: 8-K
- ticker: PZG
- cik: 0001629210
- company_name: Paramount Gold Nevada Corp.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1629210/000119312524000827/0001193125-24-000827-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1629210/000119312524000827/d692619d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-000827
- JSON: https://secwatch.observer/filing/0001193125-24-000827.json
- Plain text: https://secwatch.observer/filing/0001193125-24-000827.txt

## Key facts
- Material Agreements
  Paramount Gold Nevada Corp. entered into Mining ROFR Option to Purchase Agreement with Sprott Private Resource Streaming and Royalty (US Collector), LP (effective 2023-12-27).
  - Action: entry
  - Counterparty: Sprott Private Resource Streaming and Royalty (US Collector), LP
  - Effective: 2023-12-27
  source text: (“Calico”), entered into a Secured Royalty Convertible Debenture (the “Debenture”) in favor of Sprott Private Resource Streaming and Royalty (US Collector), LP, as agent for itself and certain affiliates (collectively, “Sprott”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629210/000119312524000827/0001193125-24-000827-index.htm
- Material Agreements
  Paramount Gold Nevada Corp. entered into Secured Royalty Convertible Debenture with Sprott Private Resource Streaming and Royalty (US Collector), LP, as agent for itself and certain affiliates valued at $15,000,0000 (effective 2023-12-27).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Sprott Private Resource Streaming and Royalty (US Collector), LP, as agent for itself and certain affiliates
  - Value: $15,000,0000
  - Effective: 2023-12-27
  source text: Paramount Gold Nevada Corp. (“Paramount”, “we”, or the “Company”) and its wholly owned subsidiary Calico Resources USA Corp. (“Calico”), entered into a Secured Royalty Convertible Debenture (the “Debenture”) in favor of Sprott Private Resource Streaming and Royalty (US Collector), LP, as agent for itself and certain affiliates (collectively, “Sprott”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629210/000119312524000827/0001193125-24-000827-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.