Verde Resources Secures 10-Year Ergon Pact for Biochar Asphalt, Expands Supply & Joint IP
VRDR has more than doubled off its 52-week low of $0.03.
Summary
Verde Resources secured a 10-year Master Commercialization and Collaboration Agreement with Ergon Asphalt & Emulsions, the largest U.S. asphalt supplier. This pact includes supplying engineered biochar, supporting product rollout, and monetizing carbon credits through revenue sharing and per-gallon royalties. The company also amended its supply agreement with Biochar Solutions to expand white-label biochar supply and jointly develop new intellectual property. This follows the 8-K filed today and a July 2nd news report on the Ergon deal, building on the company's recent massive Q3 revenue surge from biochar asphalt. These agreements solidify Verde's long-term commercialization strategy, secure supply, and strengthen its IP in the growing biochar market.
At the time of this announcement, VRDR was trading at $0.08 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $103.6M. 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: Wiseek News.