Core Viewpoint - Verde Resources Inc. has secured a $2 million strategic investment from Ergon Asphalt & Emulsions, enhancing its financial position and supporting the commercialization of its BioAsphalt™ technology aimed at decarbonizing the road construction industry [1][4][6]. Investment and Partnership - The investment follows a 10-year exclusive licensing agreement between Verde and Ergon, allowing Ergon to commercialize Verde's BioAsphalt™ technology across North America [2][4]. - Ergon, the largest liquid asphalt marketer in North America, aims to leverage its extensive infrastructure and expertise to scale BioAsphalt™ [3][6]. Technology and Innovation - BioAsphalt™ utilizes 100% recycled asphalt materials in cold-mix applications, significantly reducing greenhouse gas emissions and lowering costs [2][4]. - Independent testing by the National Center for Asphalt Technology confirmed that BioAsphalt™ exceeds industry specifications in terms of strength, durability, and moisture resistance [4][5]. Market Context - Currently, 94% of US roads are paved with asphalt, which is energy-intensive and poses environmental challenges [8]. - The partnership between Verde and Ergon addresses long-standing issues in the road construction sector, such as heat-related risks for workers and environmental waste [8]. Future Outlook - Verde and Ergon are mobilizing joint teams to engage major customers for large-scale projects, aiming to demonstrate the commercial viability of BioAsphalt™ [6][9]. - The collaboration is positioned to redefine sustainable road construction by integrating permanent carbon storage into widely used materials [10].