SRC Announces Carbon Emissions for Q2 of 2022

Toronto, Ontario--(Newsfile Corp. - August 17, 2022) - Stakeholder Gold Corporation (TSXV: SRC) ("Stakeholder" or the "Company") is pleased to announce the calculation of Scope 1, 2 and 3 emissions produced across the Company's operations in Q2 of 2022.

The World Resource Institute's greenhouse gas protocol (GHG Protocol) establishes a framework for calculating Scope 1, 2 and 3 carbon emissions. The framework for classifying carbon emissions can be summarized as follows:

SCOPE 1 SCOPE 2 SCOPE 3
Direct Supporting Activities Suppliers & Contractors
  • Fuel Combustion
  • Purchased Electricity
  • Purchased Goods & Services
  • Company Vehicles
  • Heat & Steam
  • Business Travel
  • Fugitive Emissions
  • Retail Logistics Fleet
  • Employee Commuting
  • Waste Disposal
  • Use of Solid Products
  • Transport & Distribution (Upstream / Down)
  • Investments
  • Leased Assets & Franchises

 

Stakeholder has calculated the following Scope emissions for operations during Q2 of 2022.

Scope 1

AprMayJunTOTAL
1 Quarry Ops. Diesel14,852 kg CO222,244 kg CO211,387 kg CO248,483 kg CO2
Fugitive Emissionsn/an/an/an/a
2 Vehicles (Gasoline)2,466 kg CO23,432 kg CO21,872 kg CO27,770 kg CO2
1 Vehicles (Diesel)584 kg CO2957 kg CO2670 kg CO22,211 kg CO2
3 Vehicles (Ethanol)n/an/an/an/a
4 Butane Fuel C4H10156 kg CO2195 kg CO2156 kg CO2507 kg CO2
     
Total18,058 kg CO226,828 kg CO214,085 kg CO258,971 kg CO2

 

1 Using 2.68 kg of CO2 / litre of diesel (C12H23) consumed in operations
2 Using 2.3 kg of CO2 / litre of gasoline (C8H18) consumed in operations
3 Using 0.0 kg of CO2 / litre of ethanol (C2H5OH) consumed in operations
4 Using 3.0 kg of CO2 / kg of butane (C4H10) consumed in operations

Scope 2

AprMayJunTOTAL
Electricity Water 98.18% *252.32 kWh - 0 kg CO21,358.81 kWh -0 kg CO2348.54 kWh - 0 kg CO20 kg CO2
Electricity Wind 1.8% *4.63 kWh - 0 kg CO224.91 kWh - 0 kg CO26.39 kWh - 0 kg CO20 kg CO2
Electricity Solar 0.02% *0.05 kWh - 0 kg CO20.28 kWh - 0 kg CO20.07 kWh - 0 kg CO20 kg CO2
     
Total257 kWh - 0 kg CO21,384 kWh - 0 kg CO2355 kWh - 0 kg CO20 kg CO2

 

* CEMIG DISTRIBUIÇÃO S.A. power generation complex (Water 98.18% - Wind 1.8% - Solar 0.02%)

Scope 3

AprMayJunTOTAL
Business Travel1,500 kg CO21,500 kg CO21,500 kg CO24,500 kg CO2
Employee Commutingn/an/an/an/a
Waste Disposaln/an/an/an/a
1 Transportation 150,108 kg CO265,415 kg CO217,423 kg CO2132,946 kg CO2
2 Processing *1,163 kg CO21,518 kg CO2135 kg CO22,816 kg CO2
3 Transportation 231,091 kg CO240,589 kg CO23,610 kg CO275,290 kg CO2
Investmentsn/an/an/an/a
Leases & Franchisesn/an/an/an/a
     
Total83,862 kg CO2109,022 kg CO222,668 kg CO2215,552 kg CO2

 

* ENERGIAS do BRASIL S.A. power generation complex (81% - Renewable in 2021)

1 Transportation 1 Transportation of quarry block to client purchasing station
2 Processing Cutting and polishing of quarry materials at client processing sites
3 Transportation 2 Transportation of refined quarry tiles to overseas markets

"We plan to be carbon negative for 2022 and have started this process by establishing carbon reporting protocols and publishing the results of our calculations. The company calculates that during Q2 of 2022 its operations released 274,523 kg (274.523 Tonnes) of CO2 emissions from all sources," stated Christopher Berlet, CEO of Stakeholder.

The Company reports blue quartzite sales for Q2 of $659,296 CAD vs. sales for Q1 of $596,097 CAD and gross margin for Q2 of $558,784 CAD vs. gross margin for Q1 of $500,114 CAD.

Net profit margin for Q2 of 2022 was calculated at 85% for the quarter.

About Stakeholder

Stakeholder Gold Corp. is a junior resource company developing 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. also has 100% ownership of the Ballarat Gold Project which holds 7,442 hectares of claims located in the heart of the White Gold District of the Yukon Territory, Canada. The Company's Ballarat Project claim group includes an area extending over 10 km of the road construction route for the Northern Gateway Road which is being built to service the White Gold District. The Ballarat claim group also includes title to 10 claims located within the nearby Coffee Project which is being developed by Newmont Corp. south of the Yukon River.

For further information please contact:

Stakeholder Gold Corporation
Telephone: (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.

When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward- looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134066

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