SRC Begins Sales from Third Quarry in Brazil
FOR IMMEDIATE RELEASE TSX Venture Exchange
13th February 2025 Shares Outstanding: 17,766,412
Symbol: SRC
SRC Begins Sales from Third Quarry in Brazil
Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC, SKHRF) is pleased to
announce first sales from the Company’s third quarry in Minas Gerais, Brazil. The quarry produces
white quartzite blocks for cutting and polishing into slabs. The Company plans to sell both freshly
cut blocks and finished slabs to overseas clients.
“This new quarry is producing a highly desirable white quartzite. Production ramp up is underway.
The quarry material has very attractive aesthetics and many clients have expressed interest in
securing purchase rights for this product in a market that is undersupplied with quality whites .”
said Marcus Chase, President of Mineração VMC Ltda ., Stakeholder’s fully owned Brazilian
subsidiary.
The project received a license to commercialize the quarry from the Agencia Nacional de
Mineração (ANM) on December 16th, 2024. Production startup was delayed by heavy rains from
just before Christmas through to January 12th of this year. Since then, roadwork to access the
quarry has been completed and water management facilities have been co nstructed onsite. The
quarry’s first block was cut from a boulder found at the foot of the planned workface (pictured).
Figure 1. First block produced from VMC quarry #3
Sales will begin next week. Several buyers have been to the quarry and have scheduled follow up
meetings for the finalization of sales beginning on the week of Feb 17th.
“We are working to produce at least 40 cubic meters of material for sale as blocks this month. In
addition to this, we are expecting to produce 20 cubic meters of material that will be cut and
polished to produce approximately 8,000 square feet of slabs.” said VMC’s CEO Marcus Chase.
Figure 2. White Quartzite Material
The Company is also pleased to report strong sales from quarry #1 during the first 6 weeks of 2025.
The Company’s main product b uyers have reported depleting inventory, and growth in sales of
material from the Company’s first quarry is now expected to continue through H1.2025.
“Expanding cashflow from our exotic stone business in Brazil will allow us to pursue the
company’s high quality gold and copper exploration initi atives in the Heart of the White Gold
District of the Yukon Territory , with minim al shareholder dilution. This business combination
allows us to pursue maximum prospective share price rerating with the successful advancement of
exploration initiatives.” said Christopher Berlet, CEO and Director of Stakeholder Gold Corp.
Christopher Berlet BSc (Mining), CFA, CEO & Director of Stakeholder Gold Corp. is responsible
for the content of this press release.
For further information please contact:
Stakeholder Gold Corporation
416 525 - 6869
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