Verde Closes $2 Million Strategic Investment From Commercial Partner Ergon

ST. LOUIS, Nov. 3, 2025 /PRNewswire/ – Verde Resources Inc. (OTCQB: VRDR), a road materials company offering proprietary, environmentally sustainable solutions, today announced that Ergon Asphalt & Emulsions, Inc. ("Ergon"), the largest liquid asphalt marketer in North America, has completed a $2 million strategic common stock and warrant investment in Verde.

This investment follows the 10-year exclusive licensing agreement signed by Verde and Ergon in October, granting Ergon rights to commercialize Verde’s emulsion-based carbon sequestering BioAsphalt™ technology across the United States, Canada, and Mexico. BioAsphalt™ enables the use of 100% recycled asphalt materials in cold-mix applications that eliminate burners, heat, and solvents—lowering costs, extending paving seasons, and significantly reducing greenhouse gas emissions.

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Ergon Asphalt & Emulsions is a subsidiary of Ergon, Inc., a diversified global organization engaged in multiple industries. The privately held Ergon is an industry pioneer in asphalt innovation and supply, employing more than 4,000 people as it serves customers and partners in over 100 countries worldwide.

Jack Wong, CEO of Verde Resources, said, “This investment strengthens our balance sheet and reinforces our shared vision and long-term commitment. We’re honored that Ergon recognizes Verde as a trusted partner in advancing large-scale decarbonization of the road construction industry through an innovative yet pragmatic approach. With Ergon’s deep expertise and extensive nationwide infrastructure, they are the ideal partner to scale BioAsphalt™ across North America.”

Recent independent testing by the National Center for Asphalt Technology (NCAT) validated the performance of Verde’s next-generation BioAsphalt™—a 100% reclaimed asphalt pavement (known as RAP) cold mix enhanced with biochar. The results confirmed that the material not only meets but exceeds industry specifications, demonstrating strength, durability, and moisture resistance suitable for surface applications.

This milestone establishes a strong operational, technical, and financial foundation for Verde’s commercialization efforts with Ergon, marking a pivotal step toward scalable, carbon-storing pavements that lower costs while decarbonizing road construction.

Patrick Nation, President of Ergon Asphalt & Emulsions, said, “Our investment reflects genuine enthusiasm to advance Verde’s proprietary technology and bring it to market. 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.”

Verde and Ergon have already mobilized joint teams and engaged major customers across Ergon’s network for large-scale projects. These initiatives aim to demonstrate BioAsphalt™ at full commercial scale, showcasing its superior performance, durability, and ease of installation, while generating verified carbon removal credits.

Biochar is fast emerging as a cornerstone of modern infrastructure, creating measurable value for taxpayers, contractors, producers, and Departments of Transportation alike by embedding reliable, traceable carbon removal directly into existing and new roads.

About Verde Resources Inc.

Verde Resources Inc. (OTCQB: VRDR) is an emerging leader in sustainable infrastructure, specializing in innovative and cost-effective solutions to help the industry seamlessly #TransitionToZero™. By integrating proprietary technologies with sustainable practices, Verde is at the forefront of creating low-carbon materials for infrastructure worldwide.

For more information, visit www.verderesources.com.

About Ergon Asphalt & Emulsions, Inc.

Ergon Asphalt & Emulsions, Inc., a subsidiary of Ergon, Inc., is a leading provider of high-performance asphalt products and technologies. With decades of experience, Ergon specializes in delivering advanced emulsions, polymer-modified asphalts, and other solutions that enhance pavement performance and sustainability.