Verde Resources Inc (OTC: VRDR) is a road construction materials company that develops and licenses bio-based asphalt products, primarily its BioAsphalt product incorporating Verde V24 and biochar. Revenue is generated through licensing agreements with regional operators who pay for the right to produce and sell VRDR's asphalt formulations, with licensees responsible for manufacturing, pricing, and marketing. The company does not directly produce its cold mix biochar asphalt surface course material; it sources Verde V24 from supplier C-Twelve and biochar from third-party facilities including Oregon Biochar Solutions in the United States and a planned BioFraction facility in Borneo. In October 2025, Verde Renewables Inc., a wholly owned subsidiary, executed a definitive licensing agreement with Ergon covering North America. The company also holds a carbon removal credit issued in April 2025 by Puro.earth, certified as the first such credit from asphalt production. Headquarters are in St. Louis, Missouri. The company has a history of losses and limited operating history in its current business model as of the 10-K filed October 23, 2025.

Revenue model

Licensing fees from regional licensees who produce and sell BioAsphalt products; licensees are responsible for pricing and marketing. The company does not manufacture the end product directly.

Products and services

BioAsphalt, a cold mix asphalt surface course material using Verde V24 and biochar; Verde V24 (sourced from C-Twelve); engineered carbon removal credits certified by Puro.earth from asphalt production and application.

Customers and end markets

Licensees and end users in road construction markets. North American licensee Ergon under a definitive agreement executed October 2025. End markets include low-volume roadway construction and cold recycling applications using reclaimed asphalt pavement.

Value-chain role

Intellectual property licensor and product formulator. Sources key inputs (Verde V24 from C-Twelve; biochar from Oregon Biochar Solutions in the U.S. and a planned Borneo facility) and licenses production rights to regional operators who handle manufacturing and sales.

Geographic exposure

North America (primary focus following October 2025 Ergon license agreement); Southeast Asia (BioFraction biochar facility in Borneo planned for up to 6,000 tons annually); Canada and Mexico supply discussions ongoing. Corporate headquarters in St. Louis, Missouri.

Source: SEC 10-K, filed 2025-10-23

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