23 Oct 2024material agreement● Neutral
Verde hired international carbon-credit specialist GECA Environnement as a strategic advisor to help monetize carbon removal credits from its biochar work, on a $5,000-a-month retainer for six months.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Sept 2024late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its annual report would be filed late.
1 July 2024material agreement▲ GoodMajor
Verde and Zym-Tec got real-world validation lined up: a 3-year testing agreement with Auburn University's National Center for Asphalt Technology to evaluate their sustainable pavement technology at its Alabama test track.
20 May 2024quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported quarterly revenue of $79 and a net loss of $866 thousand for the period ended 2024-03-31.
20 May 2024material agreement▲ GoodMajor
Days after its Green Carbon Industries plan fell apart, Verde signed up a new partner for the same idea: a Heads of Agreement with Zym-Tec Technologies to jointly develop biochar-based road and construction materials (soil stabilization, asphalt, concrete) in the US through a 50/50-owned venture, again with an eye toward a Nasdaq uplisting.
17 May 2024material agreement termination▼ BadMajor
Verde's ambitious 2023 MOU with Andre van Zyl and Green Carbon Industries for a North American biochar-asphalt venture and Nasdaq uplisting collapsed - the parties mutually terminated it after roughly nine months with no deal completed.
14 May 2024late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
24 Apr 2024capital raising announcement▲ GoodMajor
Two asphalt-industry veterans were engaged as National Implementation Experts to build contractor relationships and partnerships for Verde Renewables, each paid 3 million shares over three tranches - continuing to build the network behind the road-construction pivot.
21 Feb 2024quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported quarterly revenue of $5 thousand and a net loss of $526 thousand for the period ended 2023-12-31.
14 Feb 2024late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
20 Nov 2023quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported quarterly revenue of $3 thousand and a net loss of $549 thousand for the period ended 2023-09-30.
14 Nov 2023late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
26 Oct 2023capital raising announcement▲ GoodMajor
Verde Renewables hired a national biochar-carbon-removal certification specialist to pursue certification for biochar-enhanced asphalt, concrete and soil-stabilization products, paid 1 million shares - early groundwork for what becomes the company's road-construction licensing pivot.
27 Sept 2023late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its annual report would be filed late.
10 Aug 2023material agreement▲ GoodMajor
Verde signed a memorandum of understanding with Australian biochar technology firm Green Carbon Industries and its founder Andre van Zyl to jointly pursue a North American biochar and "Biochar-Asphalt" road-material venture, with van Zyl set to become Verde's CTO. The deal is contingent on Verde raising at least $2 million and is tied to ambitions of moving from the OTC market up to Nasdaq; Verde also announced a carbon-credit certification partnership with Puro.earth.
16 May 2023quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported quarterly revenue of $11 thousand and a net loss of $708 thousand for the period ended 2023-03-31.
15 May 2023late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
24 Apr 2023asset acquisition disposition▲ GoodMajor
Verde completed the sale of its gold-mining subsidiary Champmark to Jusra Mining Merapoh for 500,000 Malaysian Ringgit, closing the chapter on the gold-mining business it had spent a decade building and consolidating.
29 Mar 2023material agreement▲ GoodMajor
Verde agreed to buy 60% of Vata VM Synergy, a Malaysian green-technology and agricultural-waste composting company, for about 2.25 million Malaysian Ringgit - another piece of its post-mining renewables buildout.
17 Mar 2023director interest notice● Neutral
VERDE RESOURCES, INC. insider Oil Berhad Borneo sold 31,000,000 shares at $1705000.00.
16 Mar 2023material agreement● Neutral
Ahead of exiting the mining business, Verde settled Champmark's $675,888 debt to creditor Borneo Oil Corporation - another entity in the Borneo Oil group that is also one of Verde's largest shareholders - payable in cash or new shares at $0.07 each.
13 Mar 2023material agreement▲ GoodMajor
Verde agreed to sell its entire gold-mining subsidiary, Champmark, to Jusra Mining Merapoh for a modest 500,000 Malaysian Ringgit - formally exiting the gold mining business it had built since 2013 to focus entirely on renewable energy and sustainability.
28 Feb 2023director interest notice● Neutral
Oil Berhad Borneo became a VERDE RESOURCES, INC. company insider (initial ownership filing).
24 Feb 2023asset acquisition disposition▲ GoodMajor
Verde closed another long-pending renewables deal, acquiring Borneo Energy's biofraction plant assets and Catalytic Biofraction Process license for Sabah, Malaysia - agreed back in May 2021 - for about 167 million shares.
14 Feb 2023quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported quarterly revenue of $81 thousand and a net loss of $2.2 million for the period ended 2022-12-31.
19 Dec 2022capital raising announcement● Neutral
A consultant was engaged to develop retail markets for Verde's products in Malaysia and Singapore, paid 1.14 million restricted shares.
5 Dec 2022capital raising announcement● Neutral
Verde Renewables hired a business-development consultant to build out its business plan and marketing strategy, paying 750,000 shares over two tranches.
5 Dec 2022capital raising announcement● Neutral
Verde Renewables also brought on a Financial Controller under the same kind of stock-for-services arrangement, paying 800,000 shares over two tranches.
2 Dec 2022capital raising announcement● Neutral
Verde engaged a Director of Strategic Initiatives to open doors through her personal network, paid in 1 million shares over two tranches.
25 Nov 2022material agreement▲ GoodMajor
Verde's new cannabinoid unit, Verde Life, signed a 3-year exclusive deal for Country Farms (a Berjaya Corporation subsidiary) to distribute its white-label CBD products in Malaysia, with a $200,000 upfront deposit.