09:43 AM EDT, 06/10/2026 (MT Newswires) -- Stakeholder Gold's ( SKHRF ) unit, Mineracao VMC Ltda. (VMC), entered into an agreement to buy a 50% interest and to operate a fully licensed Quarry in Uruoca, Ceara, Brazil for 3-million Brazilian Real or C$763,500, it said on Wednesday.

The newly acquired quarry is producing a high-demand quartzite material known commercially as "Taj Mahal." Stakeholder said that several key clients have already placed pre-orders "reflecting strong and immediate buyer interest."

The 900,000 Brazilian Real or C$229,050 of the purchase price will be satisfied by way of financing excavating equipment which will be utilized directly in quarry operations, it said. A cash payment of 100,000 Brazilian Real or C$25,450 was made at the time of signing, and a further 600,000 Brazilian Real or C$152,700 is payable within two years of signing the agreement, it added.

There is no interest applicable to this deferred payment, said the company. The final balance of 1.4-million Brazilian Real or C$355,300 is payable by VMC over the life of the quarry and may be repaid at any time without interest.

"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," said VMC President Marcus Chase. "We look forward to moving quickly and to delivering value for our shareholders."

Site expansion is expected to take between two and four months, after which the new quarry is anticipated to transition into full-scale commercial production at a rate of 200 cubic meters per month, it said.

Shares of the company were last seen down 5.3% at $1.61 on the TSX Venture Exchange.

Price: 1.61, Change: -0.09, Percent Change: -5.29