HyOrc (ASPZ) to provide tech for Bulgarian waste-to-methanol project

Rhea-AI Filing Summary

HyOrc Corporation entered into a Binding Project Development and Technology Agreement with the Bulgarian-based OnEnergy GreenPower EAD and On Energy EOOD. The collaboration focuses on developing a waste-to-methanol facility in Bulgaria using refuse-derived fuel (RDF) as feedstock.

HyOrc is appointed as the technology partner for Stage 3, providing the technical basis and process design for thermochemical conversion of RDF into green methanol. The project is designed to process approximately 50,000 tonnes of RDF per year, operating about 330 days per year with a daily throughput of roughly 150–155 tonnes, subject to final engineering.

The agreement includes provisions for HyOrc to lead technical components for a potential submission to the European Union Innovation Fund, as well as exclusivity for its technology in the project, continuity of its technical role, confidentiality, and defined compensation terms if either party withdraws under certain circumstances.

Insights

Clean energy project finance analyst

HyOrc secures key technology role in a Bulgarian waste-to-methanol project.

The agreement positions HyOrc Corporation as the technology partner for Stage 3 of a Bulgarian waste-to-methanol facility using refuse-derived fuel. The project design targets about 50,000 tonnes of RDF per year over roughly 330 operating days.

HyOrc is tasked with developing the technical basis and process design and leading technical work for a potential European Union Innovation Fund submission. The agreement is described as binding and includes exclusivity for HyOrc’s technology and provisions on continuity of its technical role.

Future financial impact will depend on whether the project advances to full development, construction, and operation as contemplated. Subsequent agreements or disclosures would be needed to understand capital commitments, revenue models, and risk allocation across project stages.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 24, 2026

HyOrc Corporation

(Exact name of registrant as specified in its charter)

Wyoming		000-51048		91-1910791
(State or Other Jurisdiction		(Commission		(IRS Employer
of Incorporation)		File Number)		Identification No.)

3050 Post Oak Boulevard, Suite 510-Q60, Houston, Texas 77056

(281) 532 9034

Registrant’s telephone number, including area code

(Former Name or Former Address

if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class		Trading Symbol		Name of Each Exchange on which Registered
None		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 – Entry into a Material Definitive Agreement

On March 24, 2026 (the “Effective Date”), HyOrc Corporation (the “Company”) entered into a Binding Project Development and Technology Agreement (the “Agreement”) with OnEnergy GreenPower EAD and On Energy EOOD (together, the “OnEnergy Group”), companies organized under the laws of Bulgaria.

The Agreement establishes a framework for the collaboration between the Company and the OnEnergy Group in connection with the development of a waste-to-methanol facility in Bulgaria utilizing Refuse-Derived Fuel (“RDF”) as feedstock.

Pursuant to the Agreement, the Company has been appointed as the technology partner for Stage 3 of the project, which involves the thermochemical conversion of RDF into green methanol. The project is designed to process approximately 50,000 tonnes of RDF per year, operating approximately 330 days per year, with an expected daily throughput of approximately 150–155 tonnes of RDF, subject to final engineering design.

Under the Agreement, the Company will be responsible for developing and providing the technical basis and process design for the waste-to-methanol facility and will lead the preparation of the technical components supporting the potential submission to the European Union Innovation Fund.

The Agreement further contemplates the potential future development, construction, and operation of the facility, with the Company participating as the technology provider for the waste-to-methanol conversion stage of the project. The Agreement also includes provisions governing exclusivity of the Company’s technology for the project, continuity of the Company’s technical role, confidentiality obligations, and defined compensation provisions in the event either party withdraws from the project under certain circumstances.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits

Exhibit Number		Description
10.1		Binding Project Development and Technology Agreement dated March 24, 2026, between HyOrc Corporation and OnEnergy GreenPower EAD and On Energy EOOD
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

/s/ K. Reginald Fubara

K. Reginald Fubara

Chief Executive Officer

HyOrc Corporation

Date: March 24, 2026

FAQ

What agreement did HyOrc Corporation (ASPZ) announce with OnEnergy Group?

HyOrc Corporation signed a Binding Project Development and Technology Agreement with OnEnergy GreenPower EAD and On Energy EOOD. The deal frames collaboration on a Bulgarian waste-to-methanol facility and designates HyOrc as technology partner for the thermochemical conversion stage using refuse-derived fuel.

What is the planned capacity of HyOrc’s Bulgarian waste-to-methanol project?

The project is designed to process approximately 50,000 tonnes of refuse-derived fuel per year. It is expected to operate about 330 days annually, with a projected daily throughput of roughly 150–155 tonnes, subject to final engineering design and technical confirmation.

What role will HyOrc Corporation (ASPZ) play in the Bulgarian project?

HyOrc is appointed as the technology partner for Stage 3 of the project. It will develop and provide the technical basis and process design for converting refuse-derived fuel into green methanol and lead technical components for a potential European Union Innovation Fund submission.

Does HyOrc’s agreement with OnEnergy include technology exclusivity?

Yes, the agreement includes provisions governing exclusivity of HyOrc’s technology for the project. It also addresses continuity of HyOrc’s technical role, confidentiality obligations, and defined compensation terms if either party withdraws from the project under specified circumstances.

Is the HyOrc and OnEnergy waste-to-methanol facility already committed to construction?

The agreement establishes a framework for development and contemplates potential future construction and operation of the facility. It focuses now on technical design and project development work, including preparation for a possible European Union Innovation Fund submission before later-stage commitments.

What exhibit was filed with HyOrc Corporation’s 8-K about the OnEnergy agreement?

The filing includes Exhibit 10.1, the Binding Project Development and Technology Agreement dated March 24, 2026. It is between HyOrc Corporation and OnEnergy GreenPower EAD and On Energy EOOD, and is incorporated by reference as the full contract text.

Filing Exhibits & Attachments

9 documents

Agreements & Contracts

• EX-10.1 EX-10.1 4.5 KB

Other Documents

• EX-10 GRAPHIC 301.8 KB
• EX-10 GRAPHIC 297.0 KB
• EX-10 GRAPHIC 277.1 KB
• EX-10 GRAPHIC 230.1 KB
• EX-10 GRAPHIC 390.0 KB
• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB