Verde Res Inc Stock Price, News & Analysis

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.

Verde Resources (OTCQB: VRDR) has partnered with MRX Technologies to white-label THC-free CBD products. This agreement allows Verde Resources to distribute non-psychoactive CBD products across Europe, Hong Kong, and the United States. The initiative aligns with Verde's strategy to expand operations in the U.S. and marks its first wholesale agreement domestically. The company plans to launch multiple CBD wellness products, including sublinguals, edibles, and topicals, by Q4 2021, as part of its larger ambition towards sustainability and consumer health.

Verde Resources Inc. (OTCQB: VRDR) announced a commitment to recycling organic waste into renewable resources, as indicated by a $3.1 million seed funding. This initiative includes establishing an office in Seattle and a processing facility in Missouri. The company has acquired BioFraction™ technology to convert palm waste into valuable byproducts like biochar and bio-oil. Research shows biochar enhances soil quality and aids in carbon sequestration. This effort aligns with U.S. climate policies aimed at reducing greenhouse gases and creating sustainable agriculture practices.