Verde Res Inc Stock Price, News & Analysis

Verde Resources (OTCQB: VRDR) has partnered with Ergon Asphalt & Emulsions to develop and validate a groundbreaking emulsion for low-carbon road surface materials. The collaboration involved creating a specialized emulsion by combining a proprietary emulsifying agent with Ergon's high-performance emulsion base, marking the first such blend in the United States.

The material was successfully tested through multiple stages: a small-scale pilot at Paragon Technical Services in Mississippi on December 4th, a production run at Ergon's Port Birmingham emulsion mill on December 18th, and installation at the National Center for Asphalt Technology Test Track on December 20th. This innovation aims to transform America's $165 billion road surfacing industry by making it more cost-effective, durable, and environmentally friendly.

Verde Resources (OTCQB: VRDR) and C-Twelve have formed a partnership to transform road construction using biochar-asphalt technology. Verde has secured exclusive U.S. licensing rights for C-Twelve's innovative binder and surfacing technology, with first right of refusal for expansion. Testing will begin at the National Center for Asphalt Technology Test Track, expected to complete by December 2024. The technology enables asphalt production in freezing temperatures and promises to reduce costs by at least 20%. The project aims to generate 10 tons of Carbon Removal Credits and revolutionize road infrastructure while significantly reducing greenhouse gas emissions.

Verde Resources Inc. (OTCQB: VRDR) has launched VerdePlus Inc., a new subsidiary in partnership with Nature Plus Inc. (NPI), following a successful installation at the National Center for Asphalt Technology (NCAT) Test Track. The collaboration integrated NPI's innovative stabilization enzyme, TerraZyme, into the subgrade and base layers of Verde's cross-section at NCAT, marking a first-of-its-kind application.

TerraZyme eliminates the need for stabilizing lime in A-6 clay subgrades and reduces Portland cement usage by over 60%. This innovation offers significant benefits, including a reduced carbon footprint, enhanced soil stabilization, improved moisture resistance, at least 30% cost savings in construction, and reduced expenses for sourcing and transporting traditional road materials.

VerdePlus, majority-owned by Verde, will leverage the combined expertise of both companies to scale innovations in low-carbon building materials, focusing on road construction and concrete. The successful Test Track installation has also paved the way for quantifying environmental footprint reductions and working towards generating Carbon Avoidance Credits.

Verde Resources (OTCQB: VRDR) has achieved a significant milestone by successfully implementing its innovative enzyme technology on the National Center for Asphalt Technology (NCAT) Test Track. This marks the first-ever application of enzyme technology on the Test Track, showcasing Verde's commitment to sustainable solutions in the building materials sector.

The technology has reduced the project's carbon footprint by eliminating lime usage and cutting Portland cement consumption by at least 60%. It effectively stabilizes poor-quality clay soil, enhances stability, and reduces moisture sensitivity. The approach also minimizes material transportation needs by utilizing native materials, resulting in a total cost savings of at least 30% and contributing to carbon avoidance credits.

Verde's collaboration with NCAT represents a significant step towards aligning Net Zero initiatives with the construction industry, which is responsible for 37% of global carbon emissions. The next phase will involve applying biochar asphalt as the wearing course to validate carbon sequestration and generate Carbon Removal Credits.

Verde Resources, Inc. (OTC-QB: VRDR) has expanded its leadership team with the appointment of Tengku Chanela Jamidah as Director of Strategic Initiatives and Steven Sorhus as Financial Controller. Jamidah, a Malaysian royal and hemp activist, is set to influence the company's direction in the hemp sector, while Sorhus brings over 10 years of financial expertise. The appointments aim to align with Verde's mission of achieving Net Zero and enhancing its international business development. Additional appointments include directors from EMGTA LLC.

On September 13, 2022, Verde Resources Inc. (OTCQB: VRDR) announced the appointment of Jack Wong as President and CEO, effective October 1, 2022. Wong aims to drive the company's transition from mining to renewable energy, focusing on Sustainable Development Goals and Carbon Removal Credits. Under his leadership, Verde plans to accelerate the establishment of its Biofraction Pyrolysis facility in Missouri, which will contribute to decarbonization and regenerative agriculture. His prior experience includes being the CEO of The Wision Project and operations in the ASEAN region.