Verde Resources Inc. (OTCQB: VRDR), a sustainable road materials innovator, announced that Ergon Asphalt & Emulsions, Inc. (“Ergon”) — the largest liquid asphalt marketer in North America — has made a $2 million strategic investment in the company through common stock and warrants.
This investment follows a 10-year exclusive licensing agreement signed in October, granting Ergon the rights to commercialize Verde’s proprietary BioAsphalt™ technology across the United States, Canada, and Mexico. The breakthrough emulsion-based BioAsphalt™ enables the use of 100% recycled asphalt materials in cold-mix applications, eliminating the need for burners, heat, and solvents — thus reducing greenhouse gas emissions, lowering operational costs, and extending paving seasons.
A Partnership to Drive Decarbonization in Road Construction
Ergon Asphalt & Emulsions, a subsidiary of Ergon, Inc., employs more than 4,000 people and serves customers in over 100 countries. With decades of expertise in asphalt innovation, Ergon is poised to bring Verde’s carbon-sequestering pavement solution to large-scale deployment across North America.
Jack Wong, CEO of Verde Resources, commented:
“We’re thrilled to welcome Ergon as a strategic shareholder of Verde. This investment strengthens our balance sheet and reinforces our shared vision and long-term commitment. Ergon’s deep expertise and nationwide infrastructure make them the ideal partner to scale BioAsphalt™ and lead the road construction industry toward large-scale decarbonization.”
Validated by Independent Testing
Recent performance tests conducted by the National Center for Asphalt Technology (NCAT) validated the effectiveness of Verde’s next-generation BioAsphalt™. The 100% reclaimed asphalt pavement (RAP) cold mix enhanced with biochar exceeded industry standards for strength, durability, and moisture resistance, confirming its suitability for surface applications and large-scale use.
Patrick Nation, President of Ergon Asphalt & Emulsions, said:
“Our partnership with Verde underscores Ergon’s commitment to leading the industry toward a more sustainable future. BioAsphalt™ provides a practical, scalable solution to decarbonize our sector without compromising quality or performance, and we’re proud to support Verde’s growth as both a commercial partner and strategic shareholder.”
Accelerating Commercialization and Carbon Removal
With joint teams already engaging major infrastructure partners, Verde and Ergon are preparing large-scale demonstrations of BioAsphalt™ to showcase its real-world performance and carbon storage benefits. The collaboration will generate verified carbon removal credits, embedding measurable sustainability into existing road infrastructure.
Biochar — a renewable material central to Verde’s technology — plays a key role in permanent carbon sequestration, transforming traditional asphalt into a climate-positive construction material.
As 94% of U.S. roads are currently paved with energy-intensive asphalt, Verde and Ergon’s collaboration offers a sustainable alternative that not only cuts emissions but also improves road durability and reduces maintenance costs.
“At a time when voluntary carbon markets face scrutiny, Verde and Ergon are proving that sustainability is measurable and economically viable,” Wong added. “By integrating carbon storage directly into materials society already consumes, we’re redefining the future of road construction — one that’s visible, verifiable, and built to last.”
Additional information regarding Ergon’s investment will be disclosed in Verde’s upcoming Form 8-K filing with the U.S. Securities and Exchange Commission.