SRC Announces Carbon Emissions for Q2 of 2022
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FOR IMMEDIATE RELEASE TSX-V: SRC | SKHRF | WKN: A2Q EP1
August 17th, 2022 ISIN: CA85255R301
SRC Announces Carbon Emissions for Q2 of 2022
Stakeholder Gold Corporation (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce
the calculation of Scope 1,2 and 3 emissions produced across the Company’s operations in Q2 of 2022.
The World Resource Institute’s greenhouse gas protocol (GHG Protocol) establishes a framework for
calculating Scope 1, 2 and 3 carbon emissions. The framework for classifying carbon emissions can be
summarized as follows:
SCOPE 1 SCOPE 2 SCOPE 3
Direct Supporting Activities Suppliers & Contractors
• Fuel Combustion • Purchased Electricity • Purchased Goods & Services
• Company Vehicles • Heat & Steam • Business Travel
• Fugitive Emissions • Retail Logistics Fleet • Employee Commuting
• Waste Disposal
• Use of Solid Products
• Transport & Distribution (Upstream / Down)
• Investments
• Leased Assets & Franchises
Stakeholder has calculated the following Scope emissions for operations during Q2 of 2022.
Scope 1
Apr May Jun TOTAL
1 Quarry Ops. Diesel 14,852 kg CO2 22,244 kg CO2 11,387 kg CO2 48,483 kg CO2
Fugitive Emissions n/a n/a n/a n/a
2 Vehicles (Gasoline) 2,466 kg CO2 3,432 kg CO2 1,872 kg CO2 7,770 kg CO2
1 Vehicles (Diesel) 584 kg CO2 957 kg CO2 670 kg CO2 2,211 kg CO2
3 Vehicles (Ethanol) n/a n/a n/a n/a
4 Butane Fuel C4H10 156 kg CO2 195 kg CO2 156 kg CO2 507 kg CO2
Total 18,058 kg CO2 26,828 kg CO2 14,085 kg CO2 58,971 kg CO2
1 Using 2.68 kg of CO2 / litre of diesel (C12H23) consumed in operations
2 Using 2.3 kg of CO2 / litre of gasoline (C8H18) consumed in operations
3 Using 0.0 kg of CO2 / litre of ethanol (C2H5OH) consumed in operations
4 Using 3.0 kg of CO2 / kg of butane (C4H10) consumed in operations
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Scope 2
Apr May Jun TOTAL
Electricity Water 98.18% * 252.32 kWh – 0 kg CO2 1,358.81 kWh –0 kg CO2 348.54 kWh – 0 kg CO2 0 kg CO2
Electricity Wind 1.8% * 4.63 kWh – 0 kg CO2 24.91 kWh – 0 kg CO2 6.39 kWh – 0 kg CO2 0 kg CO2
Electricity Solar 0.02% * 0.05 kWh – 0 kg CO2 0.28 kWh – 0 kg CO2 0.07 kWh – 0 kg CO2 0 kg CO2
Total 257 kWh – 0 kg CO2 1,384 kWh – 0 kg CO2 355 kWh – 0 kg CO2 0 kg CO2
* CEMIG DISTRIBUIÇÃO S.A. power generation complex (Water 98.18% - Wind 1.8% - Solar 0.02%)
Scope 3
Apr May Jun TOTAL
Business Travel 1,500 kg CO2 1,500 kg CO2 1,500 kg CO2 4,500 kg CO2
Employee Commuting n/a n/a n/a n/a
Waste Disposal n/a n/a n/a n/a
1 Transportation 1 50,108 kg CO2 65,415 kg CO2 17,423 kg CO2 132,946 kg CO2
2 Processing * 1,163 kg CO2 1,518 kg CO2 135 kg CO2 2,816 kg CO2
3 Transportation 2 31,091 kg CO2 40,589 kg CO2 3,610 kg CO2 75,290 kg CO2
Investments n/a n/a n/a n/a
Leases & Franchises n/a n/a n/a n/a
Total 83,862 kg CO2 109,022 kg CO2 22,668 kg CO2 215,552 kg CO2
* ENERGIAS do BRASIL S.A. power generation complex (81% - Renewable in 2021)
1 Transportation 1 Transportation of quarry block to client purchasing station
2 Processing Cutting and polishing of quarry materials at client processing sites
3 Transportation 2 Transportation of refined quarry tiles to overseas markets
“We plan to be carbon negative for 2022 and have started this process by establishing carbon reporting
protocols and publishing the results of our calculations. The company calculates that during Q2 of 2022
its operations released 274,523 kg ( 274.523 Tonnes) of CO2 emissions from all sources. ” Stated
Christopher Berlet, CEO of Stakeholder.
The Company reports blue quartzite sales for Q2 of $659,296 CAD vs. sales for Q1 of $596,097 CAD
and gross margin for Q2 of $558,784 CAD vs. gross margin for Q1 of $500,114 CAD.
Net profit margin for Q2 of 2022 was calculated at 85% for the quarter.
About Stakeholder
Stakeholder Gold Corp. is a junior resource company developing cash flow from the production and sale
of exotic Blue Quartzite at its wholly owned Blue Quartzite quarry in Minas Gerais, Brazil.
Stakeholder Gold Corp. also has 100% ownership of the Ballarat Gold Project which holds 7,442 hectares
of claims located in the heart of the White Gold District of the Yukon Territory, Canada. The Company’s
Ballarat Project claim group includes an area extending over 10 km of the road construction route for the
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Northern Gateway Road which is being built to service the White Gold District. The Ballarat claim group
also includes title to 10 claims located within the nearby Coffee Project which is being developed by
Newmont Corp. south of the Yukon River.
For further information please contact:
Stakeholder Gold Corporation
Telephone: (416) 525 – 6869
Forward Looking Information
This news release contains forward -looking information. All information, other than information of historical fact, constitute
“forward-looking statements” and includes any information that addresses activities, events, or developments that the
Corporation believes, expects, or anticipates will or may occur in the future including the Corporation’s strategy, plans or
future financial or operating performance.
When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may”
and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward -
looking information. The forward-looking information is based on current expectations and applies only as of the date on which
they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking
information include, but are not limited to, the ability of the Corporation to fund the exploration expendit ures required under
the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks
may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such information. Accordingly, investors should not
place undue reliance on forward -looking information. Except as required by law, the Corporation does not assume any
obligation to release publicly any revisions to forward -looking information contained in this press release to reflect events or
circumstances after the date hereof.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.