SRC Announces Q1 Revenue & First White Quartzite Shipment

Rhea-AI Summary

Stakeholder Gold Corp (TSXV: SRC) reported Q1 2025 revenue of 1.49M BRL (~363K CAD) from its exotic Blue Quartzite quarry operations, showing significant growth compared to Q1 2024's 692.9K BRL (~169K CAD). The company announced its first White Quartzite shipment from its third operational quarry to Canada. The company's main product buyers have resumed purchasing after inventory depletion, with Blue Quartzite sales expected to continue growing through H1 2025. For the White Quartzite operation, the company aims to reach production of 100 cubic meters monthly by June 2025, with plans to expand to 200m3 per month in H2 2025. The company is selling White Quartzite both as freshly cut blocks domestically in Brazil and as finished slabs to overseas clients.

Positive

• Q1 2025 revenue increased 115% YoY to 1.49M BRL (~363K CAD) from 692.9K BRL
• Main product buyers resumed purchasing after inventory depletion
• New White Quartzite quarry targeting 100m3 monthly production by June 2025
• Plans to double White Quartzite production to 200m3 monthly in H2 2025
• Expansion into new markets with White Quartzite exports to Canada

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Stakeholder Gold Corp. (TSXV: SRC) (OTC Pink: SKHRF) ("Stakeholder" or the "Company") is pleased to provide an update on sales of exotic Blue Quartzites in Brazil, and to announce export to Canada of the Company's first shipping container carrying White Quartzite slabs (see Figure 1). White Quartzites are produced at the Company's third quarry which is now operational in Brazil.

Q1 Revenue

Stakeholder is pleased to report on sales from the Company's exotic Blue Quartzite quarry (quarry #1) during the first 3 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 (Figure 2) from the Company's first operating quarry is now expected to continue through H1 of 2025.

During the period January-March of 2025 (Q1.2025), the Company recorded total sales of 148m³ (1.49M BRL, ~363K CAD¹). This compares with total sales of 88.5m³ (692.9K BRL, ~169K CAD²) during Q1 of 2024.

"We are pleased to see the return of cashflow 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, CEO and Director of Stakeholder Gold Corp.

White Quartzite Exports

The Company's third operating quarry produces White Quartzite blocks for cutting and polishing into slabs (Figure 1). The Company is now 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 underway. The quarry material aesthetics are attractive to our buyers, and we are expecting early profitability for this quarry." Stated Marcus Chase, President of Mineração VMC Ltda., Stakeholder's fully owned Brazilian subsidiary.

Figure 1. White Quartzite from Quarry # 3, shipped in container to Toronto, April 2025

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/250401_figure1.jpg

Figure 2. Blue Quartzite from Quarry #1, shipped in container to Toronto, April 2025

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/250401_figure2.jpg

"We are now working to produce at least 100 cubic meters 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 200m³ per month, in H2.2025." Said VMC's CEO Marcus Chase.

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
cberlet@stakeholdergold.com

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.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE EQUACY OR ACCURACY OF THIS RELEASE.

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¹ Using xe.com end of day exchange rate on 31Mar2025 of 0.252456CAD/BRL
² source ex.com exchange rate on 31Mar2024 of 0.269904CAD/BRL

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250401

FAQ

What was Stakeholder Gold's (SKHRF) Q1 2025 revenue?

Stakeholder Gold reported Q1 2025 revenue of 1.49M BRL (approximately 363K CAD) from its Blue Quartzite quarry operations.

How much did Stakeholder Gold's (SKHRF) revenue grow in Q1 2025 compared to Q1 2024?

The company's revenue grew 115% year-over-year, from 692.9K BRL in Q1 2024 to 1.49M BRL in Q1 2025.

What are Stakeholder Gold's (SKHRF) production targets for White Quartzite in 2025?

The company aims to produce 100 cubic meters monthly by June 2025 and plans to expand to 200 cubic meters monthly in the second half of 2025.

What products does Stakeholder Gold (SKHRF) currently produce?

Stakeholder Gold produces exotic Blue Quartzite from its first quarry and White Quartzite from its third quarry, selling both as blocks domestically in Brazil and as finished slabs for export.