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Re: REAGAN post# 995

Friday, 06/11/2021 3:39:40 PM

Friday, June 11, 2021 3:39:40 PM

Post# of 1033
the below is from 10K from 2020. I do not think the Company received approval on its “POO” application with the BLM. I will review and if I can not locate I will do a FOIA request to the BLM

For the upcoming fiscal year, we intend to undertake the following:
Grassy Mountain Project: Paramount expects to complete the Feasibility Study in its second quarter and to focus its efforts on continued state and federal mining permitting for the fiscal year ending June 30, 2021. As a follow up to submitting the CPA in November 2019, Paramount will respond to the State of Oregon’s CPA completeness review (“Review”) received in February 2019. The Review provided included proposed resolutions and additional information required by the Company and will assist the Company in submitting a revised CPA. The Company expects the revised CPA to address all the comments and requests for additional information with the objective of submitting a complete revised CPA that allows the State of Oregon to determine whether to issue a state mining permit for the Grassy Mountain Project. In addition to the State of Oregon permitting activities, Paramount expects to respond to BLM comments it received on its POO. Once all the comments have been addressed, the BLM will register a Notice in the Federal Register once the application is deemed complete. The Notice initiates the EIS process under the National Environmental Policy Act. To complete these activities Paramount will engage specialized mining consulting firms, work with State and Federal contracted thirds parties and work directly with both state and federal permitting agencies. The Company has budgeted approximately $1.5 million to complete these permitting activities during the upcoming fiscal year. The Company has also budgeted approximately $0.4 million for general and administration expenses and annual claim maintenance fees for a total budget at Grassy Mountain of $1.9 million.
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