Recent Updates — VRDR
On October 6, 2026, Verde Resources dismissed J&S Associate PLT as its independent registered public accounting firm and appointed MBP Global LLP effective immediately. The prior auditor's reports contained a critical audit matter regarding the impairment assessment of intellectual properties but were not qualified or modified. The company disclosed material weaknesses in internal control over financial reporting for fiscal years 2025 and 2026, including insufficient segregation of duties, lack of formalized policies, absence of an internal audit function, and no audit committee. Verde Resources operates in the resource sector.
Verde Resources, Inc. announced that its Singapore subsidiary entered a non-binding Memorandum of Understanding with Highway International Pte. Ltd. to deploy and validate the company's engineered biochar carbon platform in Singapore. The parties plan an initial pilot project with Singapore’s Land Transport Authority to evaluate technical performance and commercial potential. Subject to successful validation, they intend to pursue an exclusive licensing arrangement for the technology in Singapore. This collaboration supports Verde's strategy to use Singapore as a regional launchpad for Asia-Pacific expansion. Verde Resources, Inc. operates in the sustainable infrastructure sector, specializing in biochar-based carbon sequestration technologies for road construction.
Verde Renewables, a subsidiary of Verde Resources, Inc., entered into a ten-year Master Commercialization and Collaboration Agreement with Ergon Asphalt & Emulsions, Inc. on July 1, 2026. Under this agreement, Verde Renewables will serve as a preferred supplier of engineered biochar and provide carbon credit monetization services for Ergon's products, starting with a cold mix road paving product. The partnership includes a revenue-sharing model for biochar sales and a cash royalty paid by Ergon to Verde Renewables for emulsion products sold under the initial project. Additionally, Verde Renewables amended its supply agreement with Biochar Solutions LLC on June 30, 2026, to increase biochar supply capacity and establish joint patent filings for a proprietary formulation. Verde Resources, Inc. is a company focused on renewable materials and carbon credit management.