Verde and Ergon Ink 10-Year Commercial Deal for Biochar Road Solutions
VRDR has more than doubled off its 52-week low of $0.03.
Summary
Verde Resources' subsidiary, Verde Renewables, signed a new 10-year commercial collaboration agreement with Ergon Asphalt & Emulsions, the largest US asphalt supplier. This deal establishes Verde as a preferred vendor for its engineered biochar in Ergon's cold paving applications, with intentions to pursue commercial projects and target product volumes starting in 2026. This agreement advances the previously disclosed partnership with Ergon, marking Verde's transition from technology validation to commercial execution and sustained revenue generation. The collaboration also aims to generate monetizable carbon credits and explore international expansion, starting with Singapore.
At the time of this announcement, VRDR was trading at $0.08 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $104.2M. The 52-week trading range was $0.03 to $0.12. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.