- **Verde Resources Inc.** (VRDR) and **Ergon Asphalt & Emulsions, Inc.**, the largest asphalt marketer in North America, entered into a **10-year definitive license agreement** on October 10, 2025, to commercialize Verde’s proprietary specialized emulsion and carbon sequestering **BioAsphalt™** road construction materials across the **United States, Mexico, and Canada**.  **[1506929_0001640334-25-001841_vrdr_ex991.htm:0]** **[1506929_0001640334-25-001841_vrdr_8k.htm:1]** 
- The agreement includes a **$2 million strategic investment** by Ergon in Verde, which is expected to close in October 2025.  **[1506929_0001640334-25-001841_vrdr_ex991.htm:0]** 
- Under the terms, Verde is licensing its proprietary technologies to Ergon for manufacturing, marketing, and distribution of advanced road construction products, and Ergon will purchase Verde V24 exclusively from Verde.  **[1506929_0001640334-25-001841_vrdr_ex991.htm:0]** **[1506929_0001640334-25-001841_vrdr_ex101.htm:3]** 
- Verde will share **40% of its carbon removal credits** generated from the BioAsphalt™ material with Ergon.  **[1506929_0001640334-25-001841_vrdr_8k.htm:1]** **[1506929_0001640334-25-001841_vrdr_ex991.htm:1]** 
- An addendum to Verde's Joint Development Agreement with C-Twelve Pty Ltd. was also executed on October 8, 2025, expanding Verde's exclusive distribution rights for Verde V24 to include Canada and Mexico, for which Verde will pay C-Twelve an additional **$1 million**.  **[1506929_0001640334-25-001841_vrdr_ex102.htm:0]** **[1506929_0001640334-25-001841_vrdr_8k.htm:2]**

Verde Resources Announces Strategic North American Agreement with Ergon and $2 Million Investment

- Verde Resources (VRDR) subsidiary, Verde Renewables Inc., has signed a **10-year definitive license agreement** with **Ergon Asphalt & Emulsions, Inc.**, the largest asphalt marketer in North America.  **[1506929_20251014SF96569:0]** 
- This agreement aims to commercialize Verde's proprietary, carbon-sequestering **BioAsphalt™** road construction materials across the United States, Mexico, and Canada.  **[1506929_20251014SF96569:0]** 
- Under the terms, Verde is licensing its technologies to Ergon for manufacturing, marketing, and distribution of advanced road construction products.  **[1506929_20251014SF96569:0]** 
- Ergon will make a **$2 million strategic investment** in Verde, which is expected to close in **October 2025**.  **[1506929_20251014SF96569:0]** 
- Verde will share **40% of its future Carbon Removal Credits** generated by BioAsphalt™ with Ergon.  **[1506929_20251014SF96569:1]**

Verde Resources and Ergon Enter North American Commercialization Agreement

- **Montero Mining and Exploration Ltd.**, through its wholly owned subsidiary Minera Joy SpA, has entered into option agreements to acquire a **100% interest** in the **Elvira Gold Project** and the **Potrero Gold Project** in Chile\u2019s Maricunga Belt.  **[1506929_37232489b4b9426ebe97154dd3c2e627_0]** 
- The terms involve **staged payments totaling US$7 million per Project** over six years to the Vendor, Compañía Minera Atahualpa SpA, with Montero having the right to terminate the agreements at any time.  **[1506929_37232489b4b9426ebe97154dd3c2e627_0]** 
- Montero has approved an initial exploration budget of **CAD$140,000 for each Project**, with programs set to commence immediately to define drill targets.  **[1506929_37232489b4b9426ebe97154dd3c2e627_3]** 
- The projects are located in a recognized mining district and exhibit **significant gold mineralization potential** with strong epithermal and porphyry-style signatures based on historical drilling.  **[1506929_37232489b4b9426ebe97154dd3c2e627_0]** **[1506929_37232489b4b9426ebe97154dd3c2e627_1]** **[1506929_37232489b4b9426ebe97154dd3c2e627_2]**

VERDE RESOURCES (VRDR)