Verde and Ergon Enter Exclusive North American Agreement to Commercialize Next Generation of Carbon Sequestering Road Materials

• Industry leader Ergon to manufacture and distribute products incorporating Verde's proprietary technologies across the multibillion dollar North American asphalt market

• Verde and Ergon also sign term sheet for $2 million strategic investment, expected to close later this month

ST. LOUIS, Oct. 14, 2025 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR) (Verde), a road materials company offering proprietary, environmentally sustainable solutions, is pleased to announce the signing of a 10-year definitive license agreement between its wholly owned subsidiary, Verde Renewables Inc., and Ergon Asphalt & Emulsions, Inc., the largest asphalt marketer in North America.

This agreement formalizes a long-term strategic alliance to commercialize Verde's specialized emulsion and carbon sequestering BioAsphalt™ road construction surface materials across the United States, Mexico, and Canada. The agreement has a 10-year term with an option to extend for an additional 10 years.

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Ergon Asphalt & Emulsions, Inc. 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 and employs more than 4,000 people and serves customers and partners in over 90 countries worldwide.

Building on the successful collaboration that began with a Memorandum of Understanding earlier this year, Verde and Ergon will advance the deployment of innovative low-carbon technologies that integrate Verde's proprietary emulsifying agent with Ergon's high-performance asphalt, RAP (Reclaimed Asphalt Pavement), and biochar to produce and commercialize a carbon-sequestering road surfacing material across North America.

Under the terms of the agreement, Verde is licensing its proprietary technologies to Ergon for use in the manufacturing, marketing, and distribution of advanced road construction products. The agreement also grants Ergon the right to use Verde's trademarks and access ongoing technical services to ensure integrity and transparency, verifying that every ton of carbon dioxide sequestered is accurately quantified, tracked, and validated.

In addition to the commercial agreement, both companies have executed a term sheet for a $2 million investment by Ergon in Verde. The investment underscores Ergon's confidence in the long-term growth of Verde's technologies and further solidifies the true strategic nature of the alliance. The transaction is expected to close during October 2025.

Jack Wong, CEO of Verde Resources Inc., said, "Our milestone commercial collaboration with industry leader Ergon marks a major achievement in our mission to bring innovative solutions to market and accelerate decarbonization across emission-intens