VERDE RESOURCES, INC. 8-K

What Happened VERDE RESOURCES, INC. (VERDE) filed an 8-K on March 19, 2026 disclosing that its wholly owned subsidiary entered into a Supply Agreement with Biochar Solutions LLC dated March 14, 2026. Under the Agreement, Biochar Solutions will manufacture, supply, distribute, and white‑label engineered biochar for incorporation into Verde’s and its customers’ products, with an intended foundation for a longer-term commercial relationship covering supply, carbon-credit revenue sharing, joint technology development and commercialization.

The Agreement names Biochar Solutions as Verde’s exclusive supplier of engineered biochar for asphalt and road construction applications in the United States (unless mutually released), requires initial annual supply capacity of up to 38,500 U.S. tons (the “Initial Supply”), and includes sharing of carbon removal credits and revenue generated from those credits. The Agreement has an 18‑month initial term, converts to month‑to‑month if no subsequent agreement is reached, and contains termination, cure, and renewal mechanics for a planned Subsequent Agreement.

Key Details

• Agreement dated March 14, 2026; 8-K filed March 19, 2026.
• Initial Supply: up to 38,500 U.S. tons of engineered biochar annually; BSL warrants at least 50% of that Initial Supply will qualify for carbon removal credits.
• Pricing: Verde will pay BSL on a per‑ton basis by biochar type; prices to be mutually established and reviewed annually.
• IP & commercialization: parties intend to file a joint U.S. patent on the engineered biochar blend (joint ownership); commercial licensing to third parties will require mutual consent and equitable revenue sharing.
• Term/termination: 18‑month Initial Period, then month‑to‑month if no Subsequent Agreement; either party may terminate on 60 days’ notice or for material breach with a 15‑day cure period. A Subsequent Agreement, if executed, would have a 5‑year term renewable once for an additional 5 years.

Why It Matters This agreement secures a named supplier relationship and defined initial supply volumes for Verde’s engineered biochar needs—particularly for asphalt and road construction—which directly supports Verde’s product rollout and stated carbon‑credit strategy. The contract's carbon‑credit revenue‑sharing provisions and joint patent plans establish how credits and intellectual property will be handled, which are material to future revenue streams and commercialization plans described in the filing.