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confidence high
sentiment positive
materiality 0.65
Verde Resources and C-Twelve finalize 10-year exclusive low-carbon asphalt partnership; issue 1.5M shares
VERDE RESOURCES, INC.
- Signed Joint Development Agreement May 19, 2025; company to pay $300k sign-on fee and issue 1.5M restricted shares.
- Proof-of-concept at NCAT (Dec 2024/Apr 2025) validated asphalt produced without burning 95% of typical fossil fuels.
- World's first biochar-based Carbon Removal Credits from asphalt verified by Puro.earth; pre-purchased by global financial institution.
- C-Twelve receives 3% royalty on future carbon removal credits from Verde-C12 IP; joint ownership of US solutions.
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