Verde Resources Inc. (OTCQB: VRDR) announced on October 15, 2025 that its wholly‑owned subsidiary, Verde Renewables Inc., has entered into a 10‑year definitive license agreement with Ergon Asphalt & Emulsions, Inc., the largest asphalt marketer in North America. The agreement, effective October 14, 2025, authorizes Ergon to manufacture, market and distribute Verde’s proprietary emulsion and carbon‑sequestering BioAsphalt™ across the United States, Mexico and Canada, and grants Ergon the right to use Verde’s trademarks and access ongoing technical services to ensure accurate carbon accounting. Verde will share 40% of future Carbon Removal Credits generated by the product, linking commercial success directly to measurable environmental impact. The deal also includes a 10‑year term with an option to extend for an additional 10 years, providing long‑term partnership stability.
In addition to the licensing arrangement, Ergon has executed a term sheet for a $2 million investment in Verde, underscoring its confidence in the company’s technology and market potential. The investment is expected to close during October 2025, providing Verde with additional capital to accelerate commercialization and scale production of its BioAsphalt™.
Verde’s BioAsphalt™ is the first product in the world to generate verified Carbon Removal Credits, certified through Puro.earth and purchased by a large financial institution earlier this year. The partnership with Ergon will enable the technology to be produced burnerless, placed year‑round, and integrated with reclaimed asphalt pavement (RAP) and biochar, expanding the product’s applicability and reducing greenhouse gas emissions across the pavement value chain.
This strategic alliance positions Verde to rapidly expand its footprint across North America, potentially unlocking significant revenue from both product sales and carbon credit monetization. The long‑term license and capital infusion strengthen Verde’s competitive position in the emerging low‑carbon road construction market and provide a clear pathway to scale its proprietary technology on a continental scale.
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