secwatch.observer — SEC 8-K summary
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Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001640334-24-001559
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Resources signs exclusive US license for biochar asphalt tech with C-Twelve
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- Exclusive US license for proprietary binder/biochar asphalt technology; first refusal for other countries.
- Minimum annual production required; royalties on minimum plus excess at same rate or as agreed.
- Joint installation at NCAT Test Track (Alabama) targeted for Dec 16-20, 2024.
- Upon definitive agreement: $300K sign-on fee and 1.5M restricted shares issued to C-Twelve.
- Term sheet effective Oct 18, 2024 through Feb 28, 2025; final deal required by that date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033424001559/0001640334-24-001559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033424001559/vrdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-24-001559

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer