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October 27, 2025 10 mins

Stakeholder Gold Corp. (TSXV: SRC) sits at the crossroads of two of the hottest commodity stories of 2025 — gold and copper — and, as CEO Christopher Berlet tells it, “right in the middle” of the White Gold District that is suddenly worth hundreds of millions more than it was just weeks ago.“We currently trade at about one-fifteenth the value of the surrounding companies,” Berlet said, acknowledging the gap between Stakeholder’s market cap and peers such as Western Copper and Gold Corporation (TSX: WRN | NYSE American: WRN), Fuerte Metals Corporation (TSXV: FMT | OTCQB: FUEMF), and White Gold Corp. (TSXV: WGO | OTCQX: WHGOF).When asked about the impact of the recent deal by Fuerte Metals, Berlet replied: “It is exceptionally good news for the White Gold District in particular. Fuerte Metals (since) … announced the acquisition of the Coffee Project. If you read their press release, it extensively discusses First Nations participation, road construction, and the quality of the Coffee deposit, which is one of the largest and best undeveloped heap-leach deposits in the world today. It brings a credible path toward building a new mine in White Gold and a very credible team to the district.”The underlying infrastructure play is central: “By design, we staked the ground for two reasons. One was to include all drainage into Ballarat Creek, a prolific placer-gold producer … The other was to acquire claims along the defined road route after Newmont began public consultations around 2016. … Today, we are positioned with 17 kilometres of the road to be built directly through the middle of our 18,500-hectare property. We have a gold discovery of size on the western side of that road and a copper discovery on the eastern side, separated by about 8 kilometres.”Looking ahead, Berlet described the plan: “Our objective now is to drill. … We have substantial targets in both the Sky Gold Zone and the Loki Copper Zone. We plan to begin drilling as early as possible. The Northern Gateway Road will run 17 kilometres through the center of our claims. The discoveries are about a kilometre on either side of that road … It is an ideal location for new discoveries in the White Gold District.”He also pointed to the lesser-known but cash-flow generating side of the business: “We have started a new white-quartzite quarry, which is profitable. … The business is expanding, cash-flow-positive, and allows us to maintain a tight capital structure.” In the company’s recent news release, Stakeholder reported quartzite sales of C$911,837 in H1 2025 — up 153% year-over-year — with gross margins of 76.9%.“We are expanding our product range from 1 to 3 quarries and are witnessing a robust return of demand for the exotic blue quartzite product … At the same time, we are developing direct sales lines into the UK, Canada and select further international markets,” stated Marcus Chase, President of Victoria Mining Corp., the company’s wholly-owned Brazilian subsidiary supporting exploration funding while reducing dilution.Berlet observed the synergy: “An expanding cash flow from the stone-quarry business allows us to fund exploration and preserve treasury shares as we pursue significant gold-and-copper discovery opportunities in the White Gold District.” Finally, when asked what shareholders should expect in the upcoming quarter, Berlet said: “There will be news about expansion, revenue growth, and strong operating margins in Brazil. … For 2026, our key focus will be new discoveries in the White Gold District. We will begin drilling as soon as possible, supported by newly issued permits, qualified geologists, and claims secured until 2033, extended annually as work progresses. … The news that can truly drive value for Stakeholder in 2026 will come from our geological work in the heart of the White Gold District.”

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