| Segmented Information |
Note 12. Segmented Information The Company’s reportable segments are comprised of operating units that have losses or assets exceeding 10% of the respective consolidated totals and are consistent with the Company’s management reporting structure. At Paramount, management organizes its segments by material property to make operating decisions and assessing performance. The Company's properties include the Sleeper Gold Project and the Grassy Mountain Project. Additional operating expenses incurred by the Company are treated as corporate overhead. Interest expense incurred by the Company are included in corporate overhead and the chief operating decision maker (" CODM") does not rely on allocating interest expense by reportable segment to assess performance of the segment. Segments are reported in a manner consistent with the internal reporting provided to the CODM. The CODM, who is responsible for allocating resources and assessing the performance of the operating segments, has been identified as the Chief Executive Officer. The tables below summarize the Company's segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2026 |
|
|
|
Sleeper Gold Project and other Nevada based Projects |
|
|
Grassy Mountain Project and other Oregon based Projects |
|
|
Corporate |
|
|
Total |
|
Exploration and development |
|
$ |
435,214 |
|
|
$ |
3,132,602 |
|
|
$ |
— |
|
|
$ |
3,567,816 |
|
Reclamation |
|
|
171,909 |
|
|
|
— |
|
|
|
— |
|
|
|
171,909 |
|
Land holding costs |
|
|
586,339 |
|
|
|
178,268 |
|
|
|
— |
|
|
|
764,607 |
|
Accretion |
|
|
227,647 |
|
|
|
— |
|
|
|
— |
|
|
|
227,647 |
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
3,599,777 |
|
|
|
3,599,777 |
|
Net Loss Before Other Expense |
|
$ |
1,421,109 |
|
|
$ |
3,310,870 |
|
|
$ |
3,599,777 |
|
|
$ |
8,331,756 |
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
Other income |
|
|
(105,734 |
) |
|
|
— |
|
|
|
— |
|
|
|
(105,734 |
) |
Loss from change in fair value of derivative liability on royalty convertible debenture |
|
|
— |
|
|
|
— |
|
|
|
4,868,289 |
|
|
|
4,868,289 |
|
Loss from change in fair value of warrant liability |
|
|
— |
|
|
|
— |
|
|
|
833,905 |
|
|
|
833,905 |
|
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
1,694,855 |
|
|
|
1,694,855 |
|
Interest income |
|
|
— |
|
|
|
— |
|
|
|
(67,701 |
) |
|
|
(67,701 |
) |
Net Loss before Income Taxes |
|
$ |
1,315,375 |
|
|
$ |
3,310,870 |
|
|
$ |
10,929,125 |
|
|
$ |
15,555,370 |
|
Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax expense |
|
|
— |
|
|
|
4,853 |
|
|
|
— |
|
|
|
4,853 |
|
Net Loss |
|
$ |
1,315,375 |
|
|
$ |
3,315,723 |
|
|
$ |
10,929,125 |
|
|
$ |
15,560,223 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2025 |
|
|
|
Sleeper Gold Project and other Nevada based Projects |
|
|
Grassy Mountain Project and other Oregon based Projects |
|
|
Corporate |
|
|
Total |
|
Exploration and development |
|
$ |
264,174 |
|
|
$ |
2,339,283 |
|
|
$ |
— |
|
|
$ |
2,603,457 |
|
Reclamation |
|
|
200,950 |
|
|
|
— |
|
|
|
— |
|
|
|
200,950 |
|
Land holding costs |
|
|
569,748 |
|
|
|
173,371 |
|
|
|
— |
|
|
|
743,119 |
|
Accretion |
|
|
225,413 |
|
|
|
— |
|
|
|
— |
|
|
|
225,413 |
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
3,182,580 |
|
|
|
3,182,580 |
|
Net Loss Before Other Expense |
|
$ |
1,260,285 |
|
|
$ |
2,512,654 |
|
|
$ |
3,182,580 |
|
|
$ |
6,955,519 |
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
Other income |
|
|
(6,217 |
) |
|
|
— |
|
|
|
— |
|
|
|
(6,217 |
) |
Loss from change in fair value of derivative liability on royalty convertible debenture |
|
|
— |
|
|
|
— |
|
|
|
435,824 |
|
|
|
435,824 |
|
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
1,690,690 |
|
|
|
1,690,690 |
|
Interest income |
|
|
— |
|
|
|
— |
|
|
|
(44,642 |
) |
|
|
(44,642 |
) |
Net Loss before Income Taxes |
|
$ |
1,254,068 |
|
|
$ |
2,512,654 |
|
|
$ |
5,264,452 |
|
|
$ |
9,031,174 |
|
Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax expense |
|
|
— |
|
|
|
19,249 |
|
|
|
— |
|
|
|
19,249 |
|
Net Loss |
|
$ |
1,254,068 |
|
|
$ |
2,531,903 |
|
|
$ |
5,264,452 |
|
|
$ |
9,050,423 |
|
Non current assets of Company's segments:
|
|
|
|
|
|
|
|
|
` |
|
As At June 30, 2026 |
|
|
As At June 30, 2025 |
|
Sleeper Gold Project and other Nevada based projects mineral properties |
|
$ |
25,721,554 |
|
|
$ |
25,701,750 |
|
Grassy Mountain Project and other Oregon based projects mineral properties |
|
|
23,435,728 |
|
|
|
23,435,728 |
|
Corporate and other |
|
|
517,203 |
|
|
|
558,204 |
|
Total Non-Current Assets |
|
$ |
49,674,485 |
|
|
$ |
49,695,682 |
|
|