Verde Res Inc Stock Price, News & Analysis

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.

Verde Resources Inc. (OTCQB: VRDR) has appointed Gary Zimmer, a leader in biological agriculture, as a corporate consultant to advance its regenerative farming programs and develop a designer compost. Zimmer, known as the 'father of biological agriculture', aims to create compost tailored to specific farming needs, potentially replacing synthetic fertilizers. This initiative supports Verde's objective of enhancing soil health and aligns with global carbon reduction goals. Zimmer's expertise will help in addressing agricultural challenges and promoting sustainable practices.

Verde Resources (OTCQB: VRDR) announced a merger with Rice Tech LLC to enhance regenerative soil blends using activated biochar and compost. This partnership aims to develop innovative farming solutions that improve soil health, increase crop yields, and reduce reliance on synthetic fertilizers. The collaboration aligns with global carbon sequestration trends and is expected to generate carbon credit income opportunities for farmers. Notable figures like Benjamin Rice and Gary Zimmer emphasize the potential of this initiative for sustainable agriculture, promoting environmental health while improving profitability.

Verde Resources Inc. (OTCQB: VRDR) signed a lease-to-purchase agreement for a 24-acre site in La Belle, Missouri, expecting to create over 30 jobs. The company plans to launch a Biofraction™ pyrolysis line to process bio-waste into regenerative compost, enhancing local agriculture and addressing environmental concerns. Key objectives include sequestering carbon, improving soil fertility, and leveraging incentives like carbon credits. The facility will begin operations in Q1 2022, reflecting a commitment to sustainable agriculture and climate impact.