Business
Stakeholder Commissions New Quarry in Brazil
Toronto, Ontario--(Newsfile Corp. - June 10, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQB: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is

About this update from Stakeholder Gold Corp.
Toronto, Ontario--(Newsfile Corp. - June 10, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQB: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to announce that its wholly owned subsidiary, Mineração VMC Ltda. ("VMC"), has entered into an agreement to purchase a 50% interest and to operate a fully licensed Quarry in Uruoca, Ceará, Brazil. The newly acquired quarry is producing a high-demand quartzite material known commercially as "Taj Mahal.""Taj Mahal" is a premium quartzite prized for its durability, aesthetic appeal, and consistency, and has become one of the most sought-after natural stone products globally (see Figures 1 & 2). Producers are currently unable to meet market demand, and Stakeholder is pleased to report that several key clients have already placed pre-orders reflecting strong and immediate buyer interest."Our new quarry represents an opportune expansion of the company's exotic stone business in Brazil. Demand for this material is very strong, and early pre-orders indicate the commercial opportunity ahead. VMC is now positioned to become a key supplier of this material into a rapidly growing segment of the natural stone market.""The new operation will be VMC's 4th operating quarry in Brazil. This acquisition is expected to significantly increase VMC's revenue in 2026 and beyond, and to create a substantial multiplier effect on sales from the company's other operating quarries. We look forward to moving quickly and to delivering value for our shareholders," stated Marcus Chase, President of VMC.Figure 1. Taj Mahal fabricated in placeTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3082/300789_a4f71e5c34b1eaa8_001full.jpgFigure 2. Taj Mahal cut & polished in warehouseTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3082/300789_a4f71e5c34b1eaa8_002full.jpgTermsUnder the terms of the agreement, VMC will acquire 50% ownership interest in the fully licensed operating quarry producing Taj Mahal material. The purchase price for this 50% ownership interest is BRL 3,000,000 (or CAD 763,500), of which BRL 900,000 (or CAD 229,050) will be satisfied by way of financing excavating equipment which will be utilized directly in quarry operations. A cash payment of BRL 100,000 (or CAD 25,450) was made at the time of si...
View stock analysis, news, and events for Stakeholder Gold Corp.