Business Context and Reporting Period
This Form 8-K Current Report is filed by Paramount Gold Nevada Corp. (PZG) on June 6, 2025. The report discloses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on the transition of the external auditor.
Material Changes
- Auditor Merger and Resignation: Moss Adams LLP, the Company's independent auditor, merged with Baker Tilly US, LLP effective June 3, 2025. Consequently, Moss Adams has resigned as the Company's auditor.
- Successor Appointment: The Audit Committee of the Board of Directors approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm.
- Audit History: Moss Adams' audit reports for the years ended June 30, 2024, and 2023, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Going Concern Note: Moss Adams' audit report included an explanatory paragraph regarding a going concern uncertainty.
- No Disagreements: There were no disagreements with Moss Adams regarding accounting principles, practices, or audit scope during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of new risks beyond the existing going concern uncertainty noted in prior audit reports. The transition to the new auditor is presented as a result of a merger between the two firms rather than a dispute or strategic shift.
Investor Verification Checklist
- Verify the status of the going concern uncertainty previously noted by Moss Adams in the 2023 and 2024 audit reports.
- Confirm the effective date of the audit engagement with Baker Tilly US, LLP.
- Review the letter from Moss Adams LLP (Exhibit 16.1) to ensure no undisclosed disagreements exist.
- Monitor upcoming financial filings for any changes in audit opinion or additional disclosures regarding liquidity.