secwatch.observer — SEC 8-K summary
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Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K
Filed at:   2025-10-14T23:59:59+00:00
Accession:  0001640334-25-001841
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde grants Ergon exclusive 10-year license for BioAsphalt in North America; $2M equity term sheet
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- Ergon gets exclusive license to use Verde's cold mix biochar asphalt agent (Verde V24) in US, Canada, Mexico for 10 years, renewable.
- Ergon to buy Verde V24 at fixed CPI-adjusted price; no minimum purchases during initial 15-month go-to-market period.
- Verde will share 40% of carbon removal credits generated from BioAsphalt with Ergon.
- Term sheet signed for $2M strategic investment by Ergon in Verde, expected to close in October 2025.
- Verde expanded C-Twelve JDA to include Canada/Mexico, paying additional $1M fee and conditional 2027 purchase minimum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033425001841/0001640334-25-001841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033425001841/vrdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-25-001841

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