18:41:58 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Stakeholder Gold Corp (3)
Symbol SRC
Shares Issued 19,666,412
Close 2025-05-01 C$ 0.62
Market Cap C$ 12,193,175
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Stakeholder sells 148 m3 of blue quartzite in Q1

2025-05-01 19:02 ET - News Release

Mr. Christopher Berlet reports

SRC ANNOUNCES Q1 REVENUE & FIRST WHITE QUARTZITE SHIPMENT

Stakeholder Gold Corp. has provided an update on sales of exotic blue quartzites in Brazil and has exported to Canada the company's first shipping container carrying white quartzite slabs. White quartzites are produced at the company's third quarry, which is operational in Brazil.

First quarter revenue

Stakeholder is pleased to report on sales from the company's exotic blue quartzite quarry (quarry No. 1) during the first three months of 2025. The company's main product buyers have resumed purchasing after their inventories experienced sales drawdowns and depletion. Growth in sales of exotic blue quartzite from the company's first operating quarry is expected to continue through the first half of 2025.

During the period from January to March of 2025 (first quarter 2025), the company recorded total sales of 148 cubic metres (1.49 million Brazilian reais or approximately $363,000 (Canadian) (1)). This compares with total sales of 88.5 cubic metres (692.9K Brazilian reais or approximately $169,000 (Canadian) (2)) during Q1 2024.

"We are pleased to see the return of cash flow at our first quarry, which is producing the company's unique exotic blue quartzite. At the same time, we are experiencing new, and rapidly developing, interest in our white quartzite product, which is now being produced at the company's third operating quarry," said Christopher Berlet, chief executive officer and director of Stakeholder.

White quartzite exports

The company's third operating quarry produces white quartzite blocks for cutting and polishing into slabs. The company is selling both freshly cut blocks to domestic buyers in Brazil and finished slabs to overseas clients.

"Our third operating quarry is now producing a highly desirable white quartzite, which we have sold domestically in Brazil as blocks for processing and exported to Canada as polished slabs. Production ramp-up is under way. The quarry material aesthetics are attractive to our buyers, and we are expecting early profitability for this quarry," stated Marcus Chase, president of Mineracao VMC Ltda., Stakeholder's fully owned Brazilian subsidiary.

"We are now working to produce at least 100 cubic metres of material monthly from our new white quartzite quarry. We expect to hit this run rate by the end of June this year. I believe the market can support even higher volumes of this material, and so we are securing equipment to support a meaningful production expansion to a rate of at least 200 cubic metres per month in H2 2025," said Mr. Chase.

Christopher Berlet, BSc (mining), CFA, chief executive officer and director of Stakeholder, is responsible for the content of this press release.

(1) Using the XE website at the end-of-day exchange rate on March 31, 2025, of 0.252456 Canadian cent to one Brazilian real.

(2) Source XE website exchange rate on March 31, 2024, of 0.269904 Canadian cent to one Brazilian real.

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