other material
confidence high
sentiment neutral
materiality 0.30
Verde Resources extends term sheet with C-Twelve to May 31, 2025; carbon sequestration demo achieves 8 tons
VERDE RESOURCES, INC.
- Term sheet with C-Twelve Pty Ltd extended to May 31, 2025 (was Feb 28, 2025).
- Proof-of-concept demo at NCAT completed Dec 20, 2024, achieving ~8 tons carbon sequestration.
- Legal representatives finalizing definitive agreement; execution subject to approvals.
- NCAT assessing technology; parties monitor results.