Not losing your mind - big cat sightings in California pop up way more often than people realise. Shasta area specifically has had a few reports over the years if I remember right.
My thing is I always wonder whether these are genuine unknown populations or escaped/released exotic pets that have gone feral. Both explanations are pretty wild honestly. A breeding population of black panthers in the US would be massive news but the alternative - that people are just casually dumping big cats - is somehow equally mental.
What did it look like size wise? Like domestic cat on steroids or genuinely mountain lion scale? And was it definitely black, not just a very dark brown in bad light? Not trying to doubt you, just the details matter a lot with these sightings.