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SRC Announces Carbon Emissions for Q1

Newsfile Corp.
·5 min read

Toronto, Ontario--(Newsfile Corp. - May 31, 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 Q1 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

 

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Stakeholder has calculated the following Scope emissions for operations in Q1 of 2022.

Scope 1

Jan

Feb

Mar

TOTAL

1 Quarry Ops. Diesel

14,027 kg CO2

19,296 kg CO2

19,296 kg CO2

52,619 kg CO2

Fugitive Emissions

n/a

n/a

n/a

n/a

2 Vehicles (Gasoline)

2,253 kg CO2

1,939 kg CO2

2,889 kg CO2

7,381 kg CO2

1 Vehicles (Diesel)

659 kg CO2

251 kg CO2

1,219 kg CO2

2,129 kg CO2

3 Vehicles (Ethanol)

n/a

n/a

n/a

n/a

4 Butane Fuel C4H10

39 kg CO2

39 kg CO2

117 kg CO2

195 kg CO2

 

17,278 kg CO2

21,525 kg CO2

23,521 kg CO2

62,324 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

Jan

Feb

Mar

TOTAL

Electricity Water 98.18% *

234.65 kWh - 0 kg CO2

234.65 kWh - 0 kg CO2

248.4 kWh - 0 kg CO2

0 kg CO2

Electricity Wind 1.8% *

4.30 kWh - 0 kg CO2

4.30 kWh - 0 kg CO2

4.55 kWh - 0 kg CO2

0 kg CO2

Electricity Solar 0.02% *

0.05 kWh - 0 kg CO2

0.05 kWh - 0 kg CO2

0.05 kWh - 0 kg CO2

0 kg CO2

 

239 kWh - 0 kg CO2

239 kWh - 0 kg CO2

253 kWh - 0 kg CO2

0 kg CO2


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

Scope 3

Jan

Feb

Mar

TOTAL

Business Travel

1,500 kg CO2

1,500 kg CO2

1,500 kg CO2

4,500 kg CO2

Employee Commuting

n/a

n/a

n/a

n/a

Waste Disposal

n/a

n/a

n/a

n/a

1 Transportation 1

14,210 kg CO2

56,799 kg CO2

45,574 kg CO2

116,583 kg CO2

2 Processing *

352 kg CO2

1,410 kg CO2

1,132 kg CO2

2,894 kg CO2

3 Transportation 2

12,458 kg CO2

49,748 kg CO2

39,912 kg CO2

102,118 kg CO2

Investments

n/a

n/a

n/a

n/a

Leases & Franchises

n/a

n/a

n/a

n/a

 

28,520 kg CO2

109,457 kg CO2

88,118 kg CO2

226,095 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

"The first step in achieving carbon neutrality is to calculate and report on carbon emissions. Our corporate objective for 2022 is to be carbon negative, sequestering more carbon than the sum of our emissions by undertaking reforestation and rewilding initiatives in safe jurisdictions and by protecting the habitats that are rewilded in this way," stated Christopher Berlet, CEO of Stakeholder.

"We have started this process by establishing carbon reporting protocols and publishing the results of our calculations. The company calculates that in Q1 of 2022 its operations were responsible for 288,329 kg (288.329 Tonnes) of CO2 emissions from all sources."

The Company has reported sales in Q1, 2022 of $596,097 CAD vs. sales for Q1, 2021 of $506,342 CAD and gross margin in Q1, 2022 of $500,114 CAD vs. gross margin for Q1, 2021 of $352,282 CAD.

Net profit margin for Q1 of 2022 was calculated at 84% 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/125936