EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Verde and Highway International Sign Strategic Memorandum of Understanding to Advance Carbon-Sequestering Roads in Singapore ST. LOUIS, MO and SINGAPORE, Aug 31, 2026 (GLOBE NEWSWIRE) - Verde Resources Inc. (OTCQB: VRDR ) (“Verde”) today announced that its wholly owned Singapore subsidiary, Verde Resources Asia Pacific Private Limited, has entered into a strategic Memorandum of Understanding (“MoU”) with Highway International Private Limited (“Highway”), one of the leading asphalt producers and road construction specialists in Singapore. The MoU establishes a framework under which Highway and Verde will collaborate to validate Verde’s engineered biochar-based carbon platform (which Verde calls the Verde Net Zero Blueprint) in Singapore. Verde and Highway expect to commence a pilot program this year to evaluate material performance, production readiness, pavement mix designs and testing procedures, carbon accounting, and broader commercial applications. Upon successful completion and approval of the proposed pilot, the parties intend to enter into definitive agreements under which Highway would become Verde’s Net Zero Blueprint licens…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Verde Resources, Inc.
VRDROTCEQUITYCurrent
Other Events
Item 8.01 Other Events On August 31, 2026, Verde Resources, Inc. (the “Company” or “Verde”) issued a press release announcing that the Company’s wholly owned Singapore subsidiary, Verde Resources Asia Pacific Pte. Ltd., entered into a non-binding Memorandum of Understanding (the “Highway MoU”) with Highway International Pte. Ltd.…
Company context
We are a road construction and building materials company offering proprietary, environmentally sustainable materials and seeking to redefine our industry with a clear mission: enabling the #TransitiontoZero™. Our proprietary product BioAsphalt™ incorporates a highly engineered blend of biochar, a powerful carbon sequestering material, into asphalt infrastructure with the goal of reducing emissions, improving performance, and lowering overall costs. We also offer a licensed proprietary cold mix biochar asphalt emulsifying agent, which we call “Verde V24”. Further, we expect to generate revenues from the generation by our products, and our subsequent sale, of carbon removal credits. We believe our proprietary products, know-how and business plan place us potentially at the forefront of sustainable innovation in the construction and building materials sector, an industry we believe is long overdue for transformation. We primarily operate through our wholly-owned U.S. subsidiary Verde Renewables Inc. (“Verde Renewables”), headquartered in St. Louis, Missouri.