- Stakeholder Gold Corporation (SRC) shared Q3 results and announced emissions produced across the company’s operations in Q3 of 2022
- In Q3 of 2022, the company’s operations released 203,154 kg (203.154 Tonnes) of CO2 emissions compared with 274,523 kg (274.523 Tonnes) in Q2 2022
- The company is also pleased to announce that it has planted 32,089 trees on the Cormier Road Reforestation and Rewilding Project in New Brunswick
- The lifecycle sequestration of carbon from the trees the company planted will exceed the sum of carbon emissions from all sources of the business in 2022 by a factor of 10
- Christopher Berlet, CEO of Stakeholder, sat down with Sabrina Cuthbert to discuss the news
- Stakeholder Gold is a junior resource company
- Stakeholder Gold Corp. (SRC) opened trading at C$0.39
Stakeholder Gold Corporation (SRC) shared Q3 results and announced emissions produced across the company’s operations in Q3 of 2022.
The company reports blue quartzite sales for Q3 of $698,108 and gross margin of $595,758. Net profit margin for Q3 of 2022 has been calculated at 85 per cent for the quarter.
For the nine months ended September 30th, the company has reported revenue of $1,953,500 with a gross margin of $1,654,655 and an overall profit margin of 85 per cent.
The company is also pleased to announce that it has planted 32,089 trees on the Cormier Road Reforestation and Rewilding Project in New Brunswick.
It’s estimated that the lifecycle growth of these trees will sequester 12,836 tonnes of CO2 from the atmosphere. With these estimates, the company is 10X carbon negative for 2022, sequestering 10X more carbon from the atmosphere than the sum of company emissions from all sources.
Christopher Berlet, CEO of Stakeholder, sat down with Sabrina Cuthbert to discuss the news.
“The company calculates that during Q3 of 2022, its operations released 203,154 kg (203.154 Tonnes) of CO2 emissions from all sources compared with 274,523 kg (274.523 Tonnes) in Q2 2022. This year, we have undertaken a rewilding and reforestation tree planting initiative on a property that had been clear-cut in the Botsford Area of New Brunswick. Our calculations support that the lifecycle sequestration of carbon from the 32,089 native species trees which we have planted will exceed by a factor of 10 the sum of carbon emissions from all sources of our business in 2022. This would mean that the company is carbon negative for 2022 by a factor of 10X, sequestering 10 times more carbon from the atmosphere with our tree planting initiatives than the sum of carbon that is released by all sources from corporate activities.”
Stakeholder Gold Corp. is a junior resource company producing cash flow from the production and sale of exotic Blue Quartzite at its wholly-owned Blue Quartzite quarry in Minas Gerais, Brazil.
Stakeholder Gold Corp. (SRC) opened trading at C$0.39.