HyOrc Corporation Announces Strategic Change in Portuguese Joint Venture

Key Points from the SEC 8-K Filing

• Material Agreement Signed: On April 7, 2026, HyOrc Corporation entered into a Novation and Assignment Agreement with Start Lda and MO.RE.DA. Oils, Lda, a Portuguese industrial company.
• Joint Venture Partner Change: MO.RE.DA. Oils, Lda replaces Start Lda as HyOrc’s joint venture partner in the Portuguese entity, HyOrc Start Green Fuels, Lda.
• Ownership Remains Unchanged: The joint venture continues as a 50/50 partnership between HyOrc Corporation and MO.RE.DA. Oils, Lda.
• Commitment of Industrial Facility: MO.RE.DA. Oils will make its industrial facility in Guilhabreu, Vila do Conde, Portugal, available for the installation and operation of a waste-to-methanol pilot plant.
• Permit Status: The existing facility holds an industrial operating permit, potentially expediting the permitting process for the new project.

Details of the Transaction

HyOrc Corporation (“the Company”) has entered into a significant agreement that could accelerate its waste-to-methanol ambitions in Europe. On April 7, 2026, the Company executed a Novation and Assignment Agreement with Start Lda and MO.RE.DA. Oils, Lda. Through this arrangement:

• MO.RE.DA. Oils, Lda assumes all rights and obligations previously held by Start Lda under the joint venture and shareholders agreement. This means MO.RE.DA. Oils now stands as HyOrc’s official partner in the Portuguese joint venture, HyOrc Start Green Fuels, Lda.
• The ownership structure of the joint venture remains unchanged: HyOrc Corporation and MO.RE.DA. Oils, Lda each hold 50% of the equity.
• Key obligations and responsibilities transferred to MO.RE.DA. Oils include:
  • Provision of land for the project
  • Infrastructure support
  • Permitting coordination
  • Cooperation with regulatory authorities
• MO.RE.DA. Oils has committed its industrial facility in Guilhabreu, Vila do Conde, Portugal, to host the planned waste-to-methanol pilot plant. This is a critical advantage, as the facility already has an industrial operating permit.
• Because the facility is already permitted, the project may only require a permit amendment—not a full greenfield permit. This could significantly reduce regulatory timelines and accelerate project development.

Significance and Potential Share Price Impact

• This agreement is a major strategic update for HyOrc shareholders: The commitment of an existing industrial facility, with an active permit, means the Company’s Portuguese project could move to commercial operation faster than originally anticipated.
• Accelerated project timeline: The ability to use an existing facility and permit is likely to reduce both the cost and the time to market for the joint venture’s waste-to-methanol operations.
• Reduced regulatory risk: The project is less exposed to lengthy permitting delays, a common risk in European industrial projects.
• Shareholder value: Progress on the waste-to-methanol project is a potential value driver for the Company, as it positions HyOrc for growth in Europe’s green fuels sector.
• No change in equity dilution: The 50/50 structure remains, so current shareholders retain the same economic interest in the venture.

Additional Notes

• The Company has not registered any securities under Section 12(b) of the Exchange Act in connection with this announcement.
• HyOrc Corporation is incorporated in Wyoming and is led by CEO K. Reginald Fubara.
• The Company’s business address is 12707 High Bluff Drive, 2nd Floor, San Diego, CA, 92130.

Exhibits

• Exhibit 9.1: Novation and Assignment Agreement dated April 7, 2026 (full text available in the SEC filing).
• Exhibit 104: Cover Page Interactive Data File (XBRL).

Conclusion

This filing represents a significant operational development for HyOrc Corporation. The strategic partnership with MO.RE.DA. Oils, Lda, and the commitment of a permitted industrial site, have the potential to accelerate HyOrc’s entry into the European green fuels market. Investors should monitor further updates regarding permitting progress and project milestones, as these could materially impact HyOrc’s valuation and growth prospects in the near term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. The information herein is based on filings and may not include all relevant details.

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