Verde Resources secures exclusive biochar asphalt IP rights and Puro.earth carbon removal partnership

VERDE RESOURCES, INC.

MOU with Green Carbon Industries (GCI) and Andre van Zyl for exclusive North American biochar-asphalt IP rights.
Verde to lead USOTC-to-Nasdaq transition; triggers at $2M funding minimum and $50M secondary offering.
Andre van Zyl appointed CTO with executive package valid through Dec 31, 2024.
Verde registered as Puro.earth carbon removal supplier (signed April 2023) to generate CO2 Removal Credits (CORCs).
Biochar asphalt aims to reduce CO2 footprint, using local soils/gravels for roads; showcase projects planned in US.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VERDE RESOURCES, INC. entered into Memorandum of Understanding with Andre van Zyl & Green Carbon Industries Group of Companies (effective 2023-08-07).

Action: entry
Agreement: collaboration
Counterparty: Andre van Zyl & Green Carbon Industries Group of Companies
Effective: 2023-08-07

Exact text from the filing

On August 7, 2023, Verde Resources, Inc. (the “Company”) entered into a Memorandum of Understanding (the “MOU”) with Andre van Zyl (“AvZ”) & Green Carbon Industries Group of Companies (“GCI”), headquartered in Western Australia, to actively pursue and put in place a mutually agreeable and fully funded project venture in North America

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273 material agreements filed in the last 30 days. Browse all material agreements →

VERDE RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001640334-23-001508

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