[applause] So, I have a question for you. What's the very first word that comes to your mind when I say the word bog. >> Maybe muddy, smelly, or remote.Or maybe you're not sure, but you remember this scene from the never- ending story where the hero's beloved horse, Artax, gives up hope and sinks into the swamp of sadness. That was a bog. As someone who studies these places, all I can say is bogs really need to hire a new PR team because we've dismissed them as useless, even dangerous places that can swallo ...

Core Viewpoint - Verde Resources Inc. has entered a 10-year licensing agreement with Ergon Asphalt & Emulsions to manufacture and distribute environmentally sustainable asphalt products across North America, alongside a $2 million strategic investment from Ergon [1][2][5]. Group 1: Agreement Details - The agreement formalizes a long-term strategic alliance to commercialize Verde's BioAsphalt™ materials in the U.S., Mexico, and Canada, with an option to extend for an additional 10 years [2]. - Under the agreement, Verde licenses its proprietary technologies to Ergon for manufacturing, marketing, and distribution, while Ergon gains rights to use Verde's trademarks and access technical services [4]. Group 2: Investment and Strategic Importance - Ergon's $2 million investment in Verde highlights confidence in Verde's long-term growth and solidifies the strategic nature of their alliance, expected to close in October 2025 [5]. - The collaboration aims to accelerate the adoption of low-carbon technologies in road construction, enhancing sustainability without compromising quality [7]. Group 3: Product Innovation and Market Potential - Verde's BioAsphalt™ is designed to be produced without heat or solvents, allowing year-round installation and significantly reducing greenhouse gas emissions [6]. - The global asphalt market is valued at over $175 billion, presenting a substantial opportunity for low-carbon solutions, particularly in North America [9]. Group 4: Environmental Impact and Carbon Credits - BioAsphalt™ is the first product to generate verified Carbon Removal Credits, positioning Verde as a pioneer in transforming asphalt into a climate-positive material [7]. - Verde will share 40% of its future Carbon Removal Credits with Ergon, linking commercial success to measurable environmental impact [8].

Core Insights - Verde Resources Inc. is pioneering the use of Cold-Mix Biochar Asphalt, which sequesters carbon while maintaining strength and flexibility for road applications [2][4] - The Biochar-Asphalt test section at NCAT has shown durability and resilience after nearly 50,000 ESALs of heavy truck traffic, indicating its suitability for low-traffic applications [3][4] - The company has generated verified Carbon Removal Credits for its Biochar-Asphalt, positioning it as a leader in transforming asphalt into a climate-positive material [4][8] Company Developments - Verde Resources has signed a memorandum of understanding with Ergon Asphalt & Emulsions, aiming for a long-term exclusive agreement by September 2025 to accelerate commercialization of its technologies [5] - The company is focused on reducing greenhouse gas emissions and optimizing the use of native soils and recycled materials, enhancing overall efficiency while lowering costs [7] Industry Impact - The introduction of biochar-infused asphalt is expected to reshape sustainable roadbuilding practices, contributing to a significant reduction in emissions across the construction value chain [4][6] - The ongoing validation of the Biochar-Asphalt at NCAT is part of a multi-year test cycle to assess its long-term viability for various traffic conditions [3]

Product Innovation & Functionality - Kind Designs' seawalls mimic mangroves and marine habitats, protecting coastal communities and sequestering carbon [1] - The seawalls function like reefs, dissipating 47% of wave energy and improving water quality [2] - Each panel sequesters approximately 40 lbs (18.14 kg) of carbon per year, equivalent to a tree [4] - The seawalls attract native species and create artificial reefs [4] Materials & Manufacturing - Kind Designs uses rapid setting cement with a 32% lower CO2 footprint than traditional Portland cement [3] - The materials are non-metallic and non-toxic [3] - The seawalls are 3D printed, significantly reducing construction time [2] - 3D printing allows for faster production, with a curing time of 3 days compared to a month for traditional seawalls [7] Cost & Market Adoption - The panels cost about $30 per square foot, comparable to traditional panels [6] - Living seawalls eliminate the need for expensive environmental offsets required by permitting agencies for traditional seawalls [6] - Coastal developers find the seawalls efficient and cost-effective [5] Investment & Funding - Kind Designs has received a total of $11.5 million in VC funding from various investors, including Florida Opportunity Fund, Anthroposine Ventures, Go Ventures, Overlay Capital, and Mark Cuban Companies [5]

Core Insights - Reykjavík Energy has published its Green Finance Impact Report for 2024, which has been audited and certified by independent auditors [1] - The report details the allocation of green loan proceeds amounting to ISK 31.3 billion in 2024 [1] Company Developments - Since leading green financing in Iceland in 2019, Reykjavík Energy has secured more favorable financing terms and is now the largest issuer of green bonds in the country [2] - The company's established reputation in green financing is expected to support its future ambitious projects in energy production, utility operations, and carbon sequestration [2]