Verde Resources enters biochar supply deal with BSL; 38,500 tons/yr, IP & carbon credit sharing

VERDE RESOURCES, INC.

BSL to supply up to 38,500 U.S. tons of engineered biochar annually for Verde's BioAsphalt™ and carbon credit strategy.
At least 50% of initial supply qualifies for carbon removal credits; credits and revenues split 50/50 between BSL and Verde.
BSL is exclusive supplier for biochar in U.S. asphalt/road construction during initial 18-month term and any renewal.
Parties to jointly file U.S. patent for designer-blend char formulation; patent owned 50/50 with shared costs.
After 18-month Initial Period, agreement may be superseded by a 5-year renewable Subsequent Agreement.

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 Biochar Solutions Supply Agreement with Biochar Solutions LLC valued at BSL will initially supply up to 38,500 U.S. tons of biochar annually; Verde will pay BSL on a per-to (effective 2026-03-14).

Action: entry
Agreement: supply
Counterparty: Biochar Solutions LLC
Value: BSL will initially supply up to 38,500 U.S. tons of biochar annually; Verde will pay BSL on a per-to
Effective: 2026-03-14

Exact text from the filing

On March 14, 2026, Verde Renewables Inc. (“ Verde ”), a wholly owned subsidiary of Verde Resources, Inc. (the “ Company ”), entered into a Supply Agreement (the “ Agreement ”) with Biochar Solutions LLC (“ BSL ”), pursuant to which BSL will manufacture, supply, distribute, and white label engineered biochar for incorporation into Verde’s and its customers’ products, with both parties intending for this Supply Agreement to serve as the foundation of a binding commercial agreement governing long term biochar supply, carbon credit revenue sharing, joint technology development, and related commercialization activities.

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Source: SEC EDGAR

accession 0001640334-26-000481

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