SCHEDULE 13G

CUSIP No.

69924M109

Names of Reporting Persons

Yuan Fangjian

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,717,111.79
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,717,111.79

Aggregate Amount Beneficially Owned by Each Reporting Person

6,717,111.79

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

8.5 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The reporting person holds a limited, revocable power of attorney to trade securities in an account beneficially owned by a family member. The reporting person disclaims beneficial ownership except to the extent of voting and dispositive power, if any The Reporting Person has been granted limited and revocable trading authority with respect to the securities held by an entity beneficially owned by a family member. The Reporting Person does not have any economic interest in the Entity and receives no compensation in connection with such authority. The Reporting Person may be deemed to share dispositive power over the securities held by the Entity solely for purposes of Section 13(d) of the Securities Exchange Act of 1934 and disclaims beneficial ownership except to the extent of such dispositive power, if any. There is no agreement among the Reporting Person and any other person to act together with respect to the acquisition, disposition, or voting of the securities of the Issuer.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Paramount Gold Nevada Corp.

(b)

Address of issuer's principal executive offices:

665 ANDERSON STREET, WINNEMUCCA, NEVADA, 89445

Item 2.

(a)

Name of person filing:

Fangjian Yuan

(b)

Address or principal business office or, if none, residence:

The Yard 157 Columbus Ave New York,NY,10023

(c)

Citizenship:

China

(d)

Title of class of securities:

Common Stock, par value US$ 0.01 per share

(e)

CUSIP No.:

69924M109

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

Amount beneficially owned: 6,717,112

(b)

Percent of class:

Percent of class: 8.47% (based on 79,325,833 shares outstanding as updated Feb 10, 2026)

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

(ii) Shared power to vote or to direct the vote:

Amount beneficially owned: 6,717,112

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of:

Amount beneficially owned: 6,717,112

Item 5.

Ownership of 5 Percent or Less of a Class.

Not Applicable

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Yuan Fangjian

Signature:	Fangjian Yuan
Name/Title:	Fangjian Yuan
Date:	02/18/2026