Paramount Gold Nevada Corp. announced that it expects to receive $15 million in funding from Sprott Resource Streaming and Royalty Corporation

Paramount Gold Nevada Corp. announced that it has executed a non-binding term sheet with new investor Sprott Resource Streaming and Royalty Corporation for minimum proceeds of $10 million and maximum proceeds of up to $15 million on March 1, 2023. The company will issue Royalty Convertible Note in the transaction.

The notes will carry an interest rate of 10% per annum, which, at the Company's discretion, will be payable in cash or shares at a 7% discount to the 10-day VWAP from the scheduled date of payment of interest. The RCN may be repaid in cash or through the issuance of the Royalty at the earlier of the commencement of commercial production or 5 years from the RCN closing date.