Verde, Ergon Advance Biochar for Cold Paving Applications

Verde Resources Inc. (OTCQB: VRDR) (“Verde”), St. Louis, announced in July that its primary U.S. operating subsidiary, Verde Renewables Inc. (“Verde Renewables”), has entered into an additional commercialization and collaboration agreement with Ergon Asphalt & Emulsions, Inc. (“Ergon”). The new agreement builds upon the existing collaboration between Verde and Ergon which began October 2025. This new commercial agreement is designed to advance the relationship toward commercial execution, beginning with test projects utilizing Ergon’s cold paving applications that incorporate Verde’s engineered biochar technology.

Under this arrangement, Verde will be a preferred vendor of engineered biochar for use with Ergon’s emulsion products in such cold paving applications. In addition, Verde and Ergon hope to expand into other applications across the road construction industry and other sustainable building materials.

Under the agreement, Verde and Ergon intend to pursue commercial projects during the remainder of 2026 and going forward during the term of the agreement. The agreement also includes target product volumes intended to support Verde’s transition from technology development and innovations into recurring commercial revenue.

“This agreement marks Verde’s transition from technology validation into commercial execution,” said Jack Wong, CEO of Verde Resources. “Our focus is sustained revenue generation, commercial projects with major customers, expansion into multiple material applications, and building a platform with a growth profile that extends well beyond our anticipated Nasdaq uplisting to support durable long-term shareholder value.”

The Verde-Ergon collaboration is also designed to combine Verde’s engineered biochar technology, carbon removal strategy, sustainability platform and carbon credit generation with Ergon’s commercial infrastructure, technical expertise, and deep customer relationships across the asphalt and infrastructure markets.