Past year: ▼ 72%(2.30c – 9.99c USD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Oct 2024material agreement▲ GoodMajor
Verde signed a binding term sheet with Australian firm C-Twelve for an exclusive US license to its proprietary biochar-asphalt binder technology, with a planned $300,000 sign-on fee and 1.5 million shares once a definitive agreement is signed, plus a joint demonstration planned at the Auburn University test track.
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.
27 Sept 2024late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its annual report would be filed late.
19 Aug 2024capital raising announcement● Neutral
Verde amended its March 2023 filing on the $675,888 that Champmark (the gold-mining subsidiary sold in April 2023) owed to Borneo Oil Corporation Sdn Bhd. On August 16, 2024 the debt was converted into 9,655,542 restricted shares at $0.07 each, issued to Borneo Oil Berhad as the creditor's nominee. This settles the debt in shares rather than cash and adds to the related-party Borneo group's holding.
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.
13 Dec 2022capital raising announcement▼ BadMajor
Verde amended its filing on the Bio Resources Limited deal (agreed May 2021, closed Oct 2022). On December 7, 2022 it agreed to convert the $20,355,000 of promissory notes owed to 17 lenders, including CEO Jack Wong, into 333,142,389 restricted shares at $0.0611 each, so the notes become shares rather than debt. This follows through on the January 2022 conversion agreement, which had left the issue date to be set later, and it dilutes existing shareholders.
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.
