Stakeholder Gold Corp. has launched sales from a new quartzite quarry in Brazil, aiming to produce 60 cubic meters of material this February. Sales start on February 17th, amid strong interest from buyers. The venture supports profitable exploration efforts in Yukon, with a goal of sustaining minimal shareholder dilution amidst growth in both quartzite sales and exploration projects.
Stakeholder Gold Corp. (TSXV: SRC) (OTC Pink: SKHRF) has initiated sales from its newest quarry in Minas Gerais, Brazil, specializing in white quartzite blocks intended for cutting and polishing into slabs. Despite receiving its commercialization license from the ANM on December 16, 2024, heavy rainfall delayed the initial production until January 2025.
For the month of February, the company plans to produce approximately 40 cubic meters of raw materials for block sales and an additional 20 cubic meters for processing into around 8,000 square feet of finished slabs. Sales are set to commence during the week of February 17th, with significant interest from multiple buyers already expressed.
Sales performance from the existing quarry 1 has also been strong with notable growth in the first six weeks of 2025, leading to optimistic projections for continued expansion in the first half of the year. The increased revenue from these operations will assist in financing the company’s gold and copper exploration efforts in the White Gold District of Yukon while minimizing shareholder dilution.
Marcus Chase, President of Mineração VMC Ltda., noted, “This new quarry is producing a highly desirable white quartzite. Production ramp-up is underway…many clients have expressed interest in securing purchase rights for this product in a market that is undersupplied with quality whites.”
While the quarry received its license from ANM, adverse weather conditions led to production delays that hindered the startup process until mid-January. The company has since completed road improvements and built water management facilities, which are essential for efficient operation.
Initial production began with blocks cut from a boulder discovered at the planned worksite. Stakeholder Gold Corporation anticipates that the cash flow generated from the Brazilian exotic stone business will enhance their operational capability in gold and copper exploration campaigns without significant dilution to current shareholders.
Christopher Berlet, CEO and Director of Stakeholder Gold Corp., explained, “Expanding cash flow from our exotic stone business in Brazil will allow us to pursue the company’s high quality gold and copper exploration initiatives…with minimal shareholder dilution.” Produced materials will be sold both as raw blocks and finished slabs to international clients.
Stakeholder Gold Corp.’s third quarry operation in Brazil marks a significant step forward in its production of white quartzite blocks. Following initial setbacks due to weather, the company is set to produce substantial quantities of material for both block sales and slab production this February. The positive sales outlook from existing quarries and the expected cash flow will further bolster the company’s exploration initiatives in Yukon, benefiting shareholders with minimal dilution. Stakeholder’s strategic expansion underscores a strong market demand for quality products in the exotic stone segment.
Original Source: www.stocktitan.net
