Verde Resources Inc. is moving to expand the commercial footprint of its carbon-sequestering road materials across North America, filing plans for an underwritten public offering expected to raise $5 million to $8 million and applying to uplist to the Nasdaq Capital Market as it prepares for a broader market launch with asphalt producer Ergon Asphalt & Emulsions Inc.
The St. Louis–based company, which currently trades on the OTCQB as VRDR, positions itself as a road construction and building materials innovator focused on what it calls a #TransitionToZero™—a shift toward infrastructure products that lower emissions and generate verified carbon removal credits.
At the center of Verde’s commercialization strategy is a 10-year exclusive license agreement with Ergon, giving the Mississippi-based asphalt supplier the rights to manufacture, market, sell and distribute Verde-based materials across the United States, Canada, and Mexico. Ergon plans to integrate Verde’s technology into its network of asphalt plants and distribution points, offering Verde a path into established supply chains rather than building its own. The agreement includes a 15-month go-to-market period before the parties negotiate annual volume commitments.
Initial distribution will focus on Verde’s BioAsphalt cold-mix formulations made with Verde V24, a proprietary emulsifying agent that enables road materials to be produced and applied at ambient temperatures. Eliminating high-heat production is a core part of Verde’s emissions-reduction pitch.
Verde’s model treats pavement and stabilized soils as both construction assets and carbon-storage systems. BioAsphalt incorporates biochar, a carbon-rich material that locks CO₂ into the pavement structure. When verified by third-party registries, those installations can generate carbon removal credits the company intends to sell to commercial buyers and institutions. Verde says it received a certified carbon removal credit for asphalt application in 2025—an industry first for an asphalt-based material.
Independent validation has been central to Verde’s market push. Testing by the National Center for Asphalt Technology in 2025 reported that Verde’s cold-mix BioAsphalt made with 100% reclaimed asphalt pavement met or surpassed performance benchmarks for cohesion, moisture resistance, and tensile strength. Trials also demonstrated durability under simulated heavy-truck traffic, particularly on lower-volume roadways—an early target market for municipalities, counties, and regional transportation agencies.
Rather than operating as a traditional asphalt producer, Verde is positioning itself as a technology and licensing layer for the industry. The company’s strategy is built on embedding Verde V24 into existing production workflows, partnering with suppliers already aligned with sustainable procurement, and using carbon-credit revenue to create project-level economic incentives. Verde argues the model reduces capital demands while accelerating adoption. The company also believes corporate emissions pressure—driven in part by expanding AI data centers and energy-intensive infrastructure—will increase demand for high-integrity, verifiable carbon credits tied to physical assets like roads.
Verde remains in the initial stages of market launch. For the quarter ending Sept. 30, 2025, the company reported revenue of $2,269, down sharply from $125,570 a year earlier as it transitioned to its new formulation and licensing model. Loss from operations reached $943,938, compared with a $791,707 loss in the prior-year quarter. The net loss for the period was $919,555, versus net income of $354,715 in the third quarter of 2024. Verde says the expected Nasdaq listing and capital raise would support manufacturing readiness, partner obligations, technology licensing, and distribution ramp-up under the Ergon agreement.
If Verde’s approach gains traction, distributors and materials suppliers could see the emergence of a new category: carbon-integrated construction materials, where product performance, emissions reduction and monetizable carbon storage are wrapped into the same value proposition. Potential early applications include municipal and county resurfacing programs facing emissions mandates, rural road networks and low-volume surfaces, year-round projects in colder climates, and infrastructure owners preparing for federal sustainability requirements.
The uplisting and offering are not yet approved, and Verde continues to trade on the OTCQB as VRDR until further regulatory action.
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