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).
“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.”
Equity Issuances
VERDE RESOURCES, INC. issued 24,943,876 shares of Common Stock of warrant to Ergon Asphalt & Emulsions, Inc. for $0.08018 per share.
“$0.001 per share (the “ Common Stock ”), and a warrant (the “ Warrant ”) to purchase 24,943,876 shares of Common Stock (the “ Warrant Shares ”), at a combined purchase price of $0.08018 per share (the “ Offering Price ”), which represents a five percent (5%) discount to the volume-weighted average price of the Common Stock for the thirty (30) trading days”
Equity Issuances
VERDE RESOURCES, INC. issued 24,943,876 shares of common stock to Ergon Asphalt & Emulsions, Inc. for $0.08018 per share.
“$0.001 per share (the “ Common Stock ”), and a warrant (the “ Warrant ”) to purchase 24,943,876 shares of Common Stock (the “ Warrant Shares ”), at a combined purchase price of $0.08018 per share (the “ Offering Price ”), which represents a five percent (5%) discount to the volume-weighted average price of the Common Stock for the thirty (30) trading days”
Sherina Chui was appointed as Chief Financial Officer at VERDE RESOURCES, INC..
“By resolution of the Board, Sherina Chui was appointed Chief Financial Officer of the Company, effective May 1, 2025, replacing Balakrishnan B S Muthu in his former position as Chief Financial Officer.”
Karl Strahl was appointed as Director at VERDE RESOURCES, INC..
“By resolution of the Board, Karl Strahl was appointed Director of the Company, effective May 1, 2025, replacing the Director position formerly held by Balakrishnan B S Muthu.”
Duka Donaghy resigned as Director of Finance at VERDE RESOURCES, INC..
“Effective May 1, 2025, Duka Donaghy resigned from her position as Director of Finance of the Company.”
Balakrishnan B S Muthu departed as Chief Financial Officer, General Manager and Treasurer at VERDE RESOURCES, INC..
“Effective May 1, 2025, Balakrishnan B S Muthu stepped down as Chief Financial Officer, General Manager and Treasurer of the Company.”
Balakrishnan B S Muthu departed as Chairman and Director at VERDE RESOURCES, INC..
“Effective May 1, 2025, the following changes were made to the Board of Directors (the “Board”) of Verde Resources, Inc (the “Company”): Balakrishnan B S Muthu stepped down from his positions as Chairman and Director of the Company.”
M&A Transactions
VERDE RESOURCES, INC. completed a disposition involving TAFleer Properties LLC for USD 350,000 (closed 2025-01-17).
“to TAFleer Properties LLC, a Missouri limited liability company (the “Buyer”). Under the terms of the Agreement, the proceeds for the sale of the Property shall be USD 350,000 to be paid in full by the Buyer at closing, in cash or by bank draft or money order. The disposition of the Property was completed on January 17, 2025.”
Jeremy P. Concannon was appointed as Chief Growth Officer at VERDE RESOURCES, INC..
“Effective August 1, 2024, Jeremy P. Concannon will be appointed as Chief Growth Officer (“CGO”) of Verde Resources, Inc (the “Company”).”
Balakrishnan B S Muthu was appointed as Chairman of the Board at VERDE RESOURCES, INC..
“Effective June 18, 2024, by resolution of the Board of the Company, Balakrishnan B S Muthu, Director and Chief Financial Officer of the Company, was appointed Chairman of the Board to replace Joesph Ambrose Lee.”
Joesph Ambrose Lee resigned as Director and Chairman at VERDE RESOURCES, INC..
“Effective June 18, 2024, Joesph Ambrose Lee tendered his resignation as Director and Chairman of the Board of Directors (the “Board”) and member of the Management Committee of Verde Resources, Inc (the “Company”).”
Soo Yau Cho departed as member of the Management Committee at VERDE RESOURCES, INC..
“to replace Soo Yau Cho.”
Steven Sorhus was appointed as member of the Management Committee at VERDE RESOURCES, INC..
“Effective May 21, 2024, by resolution of the Board of Directors (the “Board”) of Verde Resources, Inc (the “Company”), Steven Sorhus was appointed as member of the Management Committee (the “Committee”) of the Board to replace Soo Yau Cho.”
Andre van Zyl departed as Chief Technology Officer at VERDE RESOURCES, INC..
“Effective May 15, 2024, Andre van Zyl stepped down from his position as the Chief Technology Officer ("CTO") of Verde Resources, Inc”
Material Agreements
VERDE RESOURCES, INC. terminated Memorandum of Understanding with Andre van Zyl and Green Carbon Industries Group of Companies (effective 2024-05-15).
“On May 15, 2024, the Company, AvZ and GCI mutually agreed to terminate the collaboration laid out in the MOU in its entirety.”
Material Agreements
VERDE RESOURCES, INC. entered into Services Agreements with Dr. Nam Tran and Dr. Raymond Powell valued at 3,000,000 shares of the Company’s restricted common stock (effective 2024-04-20).
“On April 20, 2024, Verde Resources, Inc. (the “Company”) entered into two Services Agreements (the “Agreements”) with Dr. Nam Tran and Dr. Raymond Powell”
Governance Changes
VERDE RESOURCES, INC.: Increased the number of board members from three to seven (effective 2024-01-23).
“On January 23, 2024, by resolution of the Board of the Company, approved an amendment to the Bylaws of the Company (the "Amendment"). The Amendment, which was adopted effective as of January 23, 2024, increases the number of members of the Board from three (3) to seven (7).”
Tay Hong Choon was appointed as Special Advisor to the Board at VERDE RESOURCES, INC..
“and Tay Hong Choon was appointed Special Advisor to the Board for a one (1) year term.”
Joseph Ambrose Lee was appointed as Director and Chairman of the Board at VERDE RESOURCES, INC..
“Effective January 23, 2024, by resolution of the Board of the Company, Joseph Ambrose Lee was appointed Director and Chairman of the Board for a one (1) year term”
Jack Wong changed role as Chairman of the Board at VERDE RESOURCES, INC..
“Effective January 23, 2024, Jack Wong, CEO and Director of Verde Resources, Inc (the “Company”), stepped down from his position as Chairman of the Board of Directors (the “Board”) of the Company.”
Andre van Zyl was appointed as Chief Technology Officer at VERDE RESOURCES, INC..
“Effective October 1, 2023, Eric Bava and Andre van Zyl will be appointed as Chief Operating Officer (“COO”) and Chief Technology Officer (“CTO”) of Verde Resources, Inc (the “Company”) respectively.”
Eric Bava was appointed as Chief Operating Officer at VERDE RESOURCES, INC..
“Effective October 1, 2023, Eric Bava and Andre van Zyl will be appointed as Chief Operating Officer (“COO”) and Chief Technology Officer (“CTO”) of Verde Resources, Inc (the “Company”) respectively.”
Jack Wong was appointed as Chairman of the Board at VERDE RESOURCES, INC..
“Effective September 12, 2023, by resolution of the Board of Directors (the “Board”) of the Company, Jack Wong, CEO and Director of the Company, was appointed Chairman of the Board.”
Jack Wong departed as President at VERDE RESOURCES, INC..
“Effective September 12, 2023, Jack Wong, stepped down from his position as the President of Verde Resources, Inc (the “Company”).”
Material Agreements
VERDE RESOURCES, INC. entered into Memorandum of Understanding with Andre van Zyl & Green Carbon Industries Group of Companies (effective 2023-08-07).
“On August 7, 2023, Verde Resources, Inc. (the “Company”) entered into a Memorandum of Understanding (the “MOU”) with Andre van Zyl (“AvZ”) & Green Carbon Industries Group of Companies (“GCI”), headquartered in Western Australia, to actively pursue and put in place a mutually agreeable and fully funded project venture in North America”
M&A Transactions
VERDE RESOURCES, INC. completed a disposition involving Jusra Mining Merapoh Sdn Bhd for Malaysia Ringgit MYR 500,000 (closed 2023-04-20).
“Under the terms of the SSA Agreement, the consideration for the sale of the entire issued and paid-up share capital of CSB shall be satisfied in full by the payment of Malaysia Ringgit MYR 500,000. The disposition of CSB was completed on April 20, 2023.”
Jack Wong was appointed as Director at VERDE RESOURCES, INC..
“By resolution of the Board, Jack Wong was appointed Director of the Company for a one (1) year term, effective March 30, 2023.”
Carl Craven resigned as Director at VERDE RESOURCES, INC..
“Carl Craven voluntarily resigned from his position as Director of the Company.”
Material Agreements
VERDE RESOURCES, INC. entered into Shares Sale Agreement with Murugesu A/L M. Narasimha and Deivamalar A/P Kandiah valued at total purchase consideration of Malaysia Ringgit MYR 2,250,000 (effective 2023-03-23).
“On March 23, 2023, Verde Resources, Inc. (the “Company”), through its wholly-owned subsidiary Verde Resources (Malaysia) Sdn. Bhd. (“VRM”), a company incorporated under the laws of Malaysia, entered into a Shares Sale Agreement (the “SSA Agreement”) with Murugesu A/L M. Narasimha and Deivamalar A/P Kandiah (“Vendors”), the legal and beneficial owners of Vata VM Synergy (M) Sdn. Bhd. (“VATA"), a company incorporated under the laws of Malaysia, to acquire 60% of the issued and paid-up share capital of VATA”
Material Agreements
VERDE RESOURCES, INC. entered into Settlement of Debts Agreement with Borneo Oil Corporation Sdn Bhd valued at USD 675,888 (effective 2023-03-13).
“entered into a Settlement of Debts Agreement (the “SDA Agreement”) and a two year term period Promissory Note with CSM’s creditor Borneo Oil Corporation Sdn Bhd (the “Creditor”) to settle in full a total of USD 675,888 of CSM’s account payable to the Creditor either in cash or by the issuance of new restricted shares of the Company’s common stock at a price of $0.07 per share.”
Material Agreements
VERDE RESOURCES, INC. entered into Share Sale Agreement with Jusra Mining Merapoh Sdn Bhd valued at Malaysia Ringgit MYR 500,000 (effective 2023-03-13).
“entered into a Share Sale Agreement (the “SSA Agreement”) with Jusra Mining Merapoh Sdn Bhd (“JMM”), a company incorporated under the laws of Malaysia, to sell the entire issued and paid-up share capital of Champmark Sdn Bhd”
M&A Transactions
VERDE RESOURCES, INC. completed an acquisition involving Borneo Energy Sdn Bhd for the issuance of 166,666,667 shares of the Company's restricted common stock at the price per share of $0.03 (closed 2023-02-24).
“Under the terms of the S&P Agreement, the consideration for the acquisitions shall be satisfied in full by the issuance of 166,666,667 shares of the Company’s restricted common stock at the price per share of $0.03. The acquisition from Borneo Energy the assets of its biofraction plant and the right to use its licensed intellectual property known as “Catalytic Biofraction Process” in the state of Sabah, Malaysia was completed on February 24, 2023.”
Material Agreements
VERDE RESOURCES, INC. entered into Services Agreement with EMGTA LLC valued at 750,000 shares of restricted common stock (effective 2022-12-01).
“On December 1, 2022, Verde Resources, Inc. (the “Company”), through its wholly-owned subsidiary Verde Renewables, Inc. (“VRI”), a company incorporated in the State of Missouri, U.S.A., entered into a Services Agreement (the “Agreement”) with EMGTA LLC (“EMGTA”).”
Material Agreements
VERDE RESOURCES, INC. entered into Product Distribution Agreement with Country Farms Sdn Bhd valued at deposit of $200,000 (effective 2022-11-22).
“On November 22, 2022, Verde Resources, Inc. (the “Company”), through its wholly-owned subsidiary Verde Life Inc. (“VLI”), a company incorporated in the State of Oregon, entered into a Product Distribution Agreement (the “Agreement”) with Country Farms Sdn Bhd (“CF”), a company incorporated in Malaysia and a wholly-owned subsidiary of Berjaya Corporation Berhad, to grant CF with the exclusive right to distribute white-label CBD products from VLI to its customers in Malaysia.”
Jack Wong was appointed as President and CEO at VERDE RESOURCES, INC..
“Effective October 1, 2022 Jack Wong was appointed President and CEO of Verde Resources, Inc.”
Jack Wong was appointed as President and CEO at VERDE RESOURCES, INC..
“Jack Wong will be appointed President and CEO of the Company.”
Balakrishnan B S Muthu resigned as President at VERDE RESOURCES, INC..
“Effective October 1, 2022, Balakrishnan B S Muthu will resign his position as President of Verde Resources, Inc.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.