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Verde Resources, Inc.
- Market Cap
- Unavailable
- Price
- $0.06
- % Change (Daily % change from the live per-ticker quote feed.)
- +1.69%
- Volume
- 7.0K
About
Operating through its subsidiary companies, Verde Resources, Inc. focuses on the gold mining industry within Malaysia. The firm holds a stake in the Merapoh gold mine, an extensive 400-acre site located in northern Pahang, Malaysia. Verde Resources, Inc. was established in 2010 and maintains its corporate headquarters in Wanchai, Hong Kong.
Quick stats
Shares outstanding—
Computed float410.8M
Float / sharesUnknown
Key info
SectorBasic Materials
IndustryGold
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001506929
AI Summary
AI-generated1/3
standardbullishpartnership
Verde and Ergon Forge Commercial Collaboration to Build Roads of the Future with Engineered Biochar
Verde Resources entered into a 10-year commercial agreement with Ergon Asphalt & Emulsions to integrate engineered biochar into cold paving solutions.
The deal establishes Verde as a preferred vendor for Ergon, targeting a transition to recurring commercial revenue and the generation of monetizable carbon credits.
Management views the partnership as a platform for global expansion, beginning with Singapore, and supports the company's anticipated uplisting to Nasdaq.
Red flags
- Dependence on Ergon as primary collaborator in North American market
- No specific financial terms or guaranteed volumes disclosed