Material Agreement (Form 8-K)

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.