Business UpdateJun 3, 2026, 04:37 PM
Verde Resources Files Amended 10-K Highlighting BioAsphalt™ & Ergon Deal
AI Summary
Verde Resources, Inc. (VRDR) has filed an amended 10-K, detailing its business strategy focused on sustainable road construction materials like BioAsphalt™. The company highlights key achievements including the issuance of the world's first carbon removal credit from asphalt production and positive validation results from NCAT. A significant development is the exclusive licensing agreement with Ergon Asphalt & Emulsions for the North American market. Verde has also divested non-core legacy businesses and plans future global expansion, particularly in Southeast Asia.
Key Highlights
- VERDE RESOURCES, INC. (VRDR) files amended 10-K, including risk factors and financial statements.
- Company focuses on sustainable road construction materials, BioAsphalt™ with biochar.
- Secured world's first carbon removal credit from asphalt production via Puro.earth certification in April 2025.
- NCAT validation shows BioAsphalt™ meets/exceeds industry specs for durability and cold recycling.
- Exclusive licensing agreement with Ergon Asphalt & Emulsions for North America market.
- Exited legacy business lines: sold Malaysian mining subsidiary and discontinued CBD business.
- Plans to expand operations globally, starting with Southeast Asia, leveraging BioFraction facility.
Price Impact
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