VERDE RESOURCES, INC. (VRDR) Form 8-K — Jul 6, 2026
Verde Resources announced that its subsidiary, Verde Renewables, entered into a 10-year Master Commercialization and Collaboration Agreement (MCCA) with Ergon Asphalt & Emulsions, Inc., the largest supplier of asphalt products in the United States. Under the agreement, Verde Renewables will serve as a preferred vendor for engineered biochar used in sustainable road construction products, starting with a cold paving application. The collaboration establishes a framework for revenue sharing and carbon credit monetization, with a 50/50 split on biochar carbon removal credits generated from the products.
Key figures
- Term years
- 10
- Initial product
- cold mix road paving
- Renewal term years
- 5
- Carbon credit split
- 50/50
- Annual supply tons bsl
- 38500
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