Stakeholder Gold Corp. has started sales from its third quarry in Brazil, producing white quartzite blocks for global markets. Production was officially licensed in December 2024, with efforts ramping up despite earlier weather delays. The company also reports strong sales from its first quarry and aims to fund gold and copper exploration through this revenue stream.
Stakeholder Gold Corp. announces the commencement of sales from its third quartzite quarry located in Minas Gerais, Brazil. This facility specializes in the production of white quartzite blocks, which will be processed into slabs for international markets. The company aims to market both raw blocks and completed slabs, catering to an increasing demand due to limited supplies of quality stones.
According to Marcus Chase, President of Mineração VMC Ltda., the fully owned Brazilian subsidiary of the company, the new quarry offers an aesthetically pleasing white quartzite that has attracted numerous clients keen on securing purchase agreements in an inadequately supplied market. Production has ramped up following the recent commercialization license approval from the Agencia Nacional de Mineração on December 16, 2024, despite initial delays due to adverse weather conditions in late December and early January.
The first boulder was successfully cut for production, highlighting the quarry’s potential. Stakeholder Gold plans to start sales imminently, with multiple clients already appointed for follow-up meetings to finalize transactions beginning February 17, 2025. The company expects to generate 40 cubic meters of block material and an additional 20 cubic meters designated for polished slab production, totaling around 8,000 square feet.
Sales from Stakeholder’s first quarry have been robust as well, with reports indicating that key buyers are running low on inventory. The corporation anticipates continued growth in quarry 1’s sales during the first half of 2025, further bolstering their financial position.
The combination of revenue from the exotic stone business is expected to empower Stakeholder to advance its gold and copper exploration projects in the Yukon Territory’s White Gold District without significantly diluting shareholder value. Christopher Berlet, CEO of Stakeholder Gold Corp, emphasizes that this dual approach aims to enhance the company’s market valuation as exploration progresses.
Stakeholder Gold Corp. has initiated sales from its third quartzite quarry, responding to strong international demand for quality white quartzite. The company’s strategy includes leveraging revenue from its stone operations to fund exploration of gold and copper resources, maintaining shareholder value. As demand grows in Brazil, the potential for revenue expansion remains significant, with expectations of increased production and robust sales in 2025.
Original Source: www.juniorminingnetwork.com
