Item 8.01 Other Events

On November 20, 2020, Paramount Gold Nevada Corp. (the "Company") filed a prospectus supplement (the "Prospectus Supplement") for the offer and sale of shares of its common stock, par value $0.01 per share ("Common Stock"), having an aggregate offering price of up to $5 million, pursuant to the Controlled Equity OfferingSM Sales Agreement, dated May 20, 2020 ("Sales Agreement"), with Cantor Fitzgerald & Co. and Canaccord Genuity LLC. The Prospectus Supplement supersedes, and the Company has ceased the use of and the offering of Common Stock under the Company's prior prospectus supplement dated May 20, 2020. Since May 20, 2020, the Company has sold shares of Common Stock having an aggregate gross sales price of $1.231 million under the Sales Agreement.

A copy of the opinion of Duane Morris LLP relating to the validity of the Common Stock is attached as Exhibit 5.1 hereto.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.



Exhibit
Number                           Description


5.1         Opinion of Duane Morris LLP.

23.1        Consent of Duane Morris LLP (included in Exhibit 5.1).

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