SRC Commissions a Third Quarry in Brazil

Company Operations - Stakeholder Gold Corp. has commenced operations at its third quarry in Minas Gerais, Brazil, which will produce white quartzite blocks for cutting and polishing into saleable slabs [1][2] - The quarry is expected to ramp up production quickly, with an anticipated output of 250 cubic meters per month to meet client demand [3][2] - The first test block is currently being produced and will be available for client review by mid-December [3] Production and Financial Outlook - The breakeven sales volume for the quarry is estimated at 30 cubic meters per month, while the first quarry sold approximately 130 cubic meters of blue quartzite in October 2024 [5] - The company expects to return to profitability in Q4 2024, bolstered by the opening of two new quarries, bringing the total to three operating quarries by the end of 2024 [5] - VMC sales in October 2024 reached a new high of USD 200,000, indicating a strengthening market for Brazilian dimensional stone [7] Strategic Initiatives - The cash flow generated from the quartzite business will support minimally dilutive exploration initiatives in the Yukon Territory, Canada, focusing on gold and copper [6] - The company aims to maximize prospective share price performance for shareholders through successful advancement of its exploration initiatives [6]