20 Nov 2025capital raising announcement● Neutral
Paramount increased its ATM facility to $14.9 million, having sold $5.9 million of stock under the program to date.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2024capital raising announcement● Neutral
Paramount increased its ATM facility to $7.0 million, having sold about $720,000 of stock under the new program so far.
22 Mar 2024capital raising announcement● Neutral
Paramount set up a new $3.1 million ATM facility with Cantor Fitzgerald and A.G.P./Alliance Global Partners (replacing Canaccord as a co-agent), after fully selling out the prior $14.5 million ATM program.
3 Jan 2024capital raising announcement▲ GoodMajor
Paramount closed a much larger, cleaner financing: a $15 million Secured Royalty Convertible Debenture from Sprott, at 10% interest, secured against both Grassy Mountain and Sleeper. Proceeds funded Grassy Mountain permitting and paid off both the 2019 convertible notes and the Seabridge bridge loan - replacing two smaller, increasingly expensive distress-era facilities with one larger strategic financing. If converted, Sprott would hold a 4.75% gross revenue royalty on Grassy Mountain production.
15 Aug 2023capital raising announcement● Neutral
Paramount adjusted its ATM facility to $2.6 million remaining capacity, having sold $13.3 million of stock cumulatively under the program since late 2020.
25 Mar 2022capital raising announcement● Neutral
Paramount renewed its ATM facility for $3.7 million, having fully sold out the prior $4.6 million version.
18 Nov 2021capital raising announcement● Neutral
Paramount renewed its ATM facility again for $4.6 million, having sold nearly $5 million of stock under the prior version over the past year.
20 Nov 2020capital raising announcement● Neutral
Paramount renewed its ATM facility for another $5 million, having sold $1.23 million of stock under the prior version since May 2020.
13 Sept 2019capital raising announcement● NeutralMajor
Paramount raised $5.34 million through senior secured convertible notes (7.5% interest, convertible at $1.00/share, secured by all company assets) - its first use of secured debt rather than pure equity to fund the business.
27 June 2019capital raising announcement▲ GoodMajor
Paramount hired Ausenco to complete a NI 43-101 feasibility study for Grassy Mountain, with the study expected to finish in mid-2020. Ausenco will be paid entirely in 1,109,225 restricted shares, held in escrow until it delivers the final study.
29 June 2018capital raising announcement● Neutral
Paramount raised another $3.0 million in a private placement of stock and warrants, continuing to fund Grassy Mountain development.
5 Oct 2017capital raising announcement▲ GoodMajor
Paramount priced a 3.2 million share public offering at $1.40 per share, led by Canaccord Genuity and Cantor Fitzgerald, plus a concurrent private placement of 1,775,000 shares to FCMI Parent Co. and Seabridge Gold. Gross proceeds were about $7.0 million, mainly for the Grassy Mountain pre-feasibility study and permitting.
9 Feb 2017capital raising announcement● Neutral
Paramount raised about $3.66 million in a private placement of stock and warrants to help fund development of its newly acquired Grassy Mountain project.