Verde Resources is an early-stage materials company that develops biochar-based road construction technologies, primarily its BioAsphalt product. BioAsphalt is a cold-mix asphalt formulation that incorporates engineered biochar into recycled asphalt pavement at ambient temperatures, permanently sequestering carbon. Verde Resources operates an asset-light business model and does not manufacture finished asphalt or perform paving work. Instead, Verde Resources supplies its proprietary engineered biochar and licenses its formulations to established asphalt producers and distributors, primarily partnering with Ergon in North America. Ergon manufactures and markets the finished products to state transportation departments, municipalities, and private contractors. Verde Resources generates revenue through biochar sales, technology licensing royalties, and the certification and sale of carbon removal credits generated from road projects. Verde Resources also plans to expand into Southeast Asia by restarting its BioFraction pyrolysis facility in Borneo and licensing its technology to regional agricultural waste processors. Additionally, Verde Resources is developing TerraZyme, an enzyme-based soil stabilization product.