Core Viewpoint - Sky Quarry Inc. is initiating a strategic plan to establish a digital asset treasury as part of its capital allocation strategy, aiming to enhance its business model and shareholder value [1][2]. Group 1: Digital Asset Strategy - The company recognizes the increasing institutional acceptance of digital assets and is exploring how a targeted digital asset strategy can complement its existing operations [2]. - The initiative is expected to improve transparency, enhance capital efficiency, and build long-term confidence in the company's financial foundation [2]. - Sky Quarry is in early discussions to create a diversified portfolio of digital assets, including digital currencies and stablecoins, supported by an internal working group and industry advisors [3]. Group 2: Energy Transition and Market Positioning - By leveraging digital technologies, Sky Quarry aims to position itself at the forefront of the energy transition, bridging traditional and renewable energy sectors through a digital marketplace [4]. - The company plans to expand its digital asset model across the entire energy spectrum as tokenization of real-world assets gains momentum [4]. Group 3: Leadership Perspective - The Executive Vice President and Co-Founder of Sky Quarry highlighted the shift in the conversation around digital assets from skepticism to institutional engagement, emphasizing the company's unique position to bring transparency and governance to blockchain innovations [5]. - The company anticipates that public companies could represent 10 to 20 percent of total digital asset market capitalization, which is crucial for driving adoption and unlocking capital in sectors like energy [7]. Group 4: Partnership Opportunities - Sky Quarry is inviting interested parties, including foundations and asset managers, to connect and collaborate on its vision for integrating traditional public markets with digital assets [7]. Group 5: Company Overview - Sky Quarry Inc. focuses on sustainable resource recovery, particularly in oil production and environmental remediation, with a mission to recycle waste asphalt shingles and reduce environmental impact [9].

Summary of Sky Quarry (SKYQ) Update / Briefing June 26, 2025 Company Overview - **Company**: Sky Quarry (SKYQ) - **Industry**: Renewable Energy, Waste Management, Oil Extraction Key Points and Arguments 1. **Strategic Vision**: Sky Quarry aims to redefine waste as an opportunity by creating a vertically integrated platform focused on waste recycling and sustainable fuel production, particularly from asphalt shingles [8][9][51] 2. **Modular Facilities**: The company plans to deploy modular units designed for rapid expansion into high-opportunity markets across the USA, which will reduce waste volume and produce sellable products [12][13] 3. **Revenue Streams**: Sky Quarry intends to generate income from tipping fees and byproduct sales while supporting landfill diversion mandates, creating local jobs, and lowering transportation costs [13][20] 4. **Partnerships**: The company has established strategic relationships with key players in the industry, such as R and R Solutions in New Mexico, to enhance its operational capabilities and market presence [14][15] 5. **Integrated Energy Facility**: The launch of an integrated energy facility in Utah is crucial for the company, allowing it to operate a combined oil sands extraction and asphalt recycling facility, targeting a recovery of over 10 million barrels of oil over 15 years [19][20] 6. **Operational Efficiency**: Sky Quarry has contracted with TAR 360 to enhance operational efficiency, aiming to double annual production to 800,000 barrels through phased increases [22] 7. **Market Dynamics**: The company is well-positioned to capitalize on the declining refining capacity in California, which is affecting fuel supply in Nevada, where Sky Quarry operates the only refinery [25][26][28] 8. **Crowdfunding Initiative**: A new crowdfunding initiative will offer preferred shares tied to the refinery, providing a 10% coupon and a royalty based on production, aimed at raising capital without diluting common stock [32][34] 9. **Trading Activity**: Recent trading activity saw over 50 million shares traded, attributed to market makers adjusting positions and interest in low float oil stocks amid rising domestic oil production concerns [39][40][45] 10. **Future Outlook**: The company is focused on building a national waste energy infrastructure, with a goal of creating a sustainable energy portfolio that maximizes environmental and economic impact [53][54] Additional Important Content - **Environmental Responsibility**: Sky Quarry emphasizes its commitment to environmental stewardship and sustainable innovation as part of its business model [51] - **Profitability Metrics**: The company looks at profitability on multiple levels, including per barrel and overall enterprise metrics, with a focus on generating revenue from waste materials [73] - **Permit Process**: The company is actively working on obtaining necessary permits for its operations, with timelines for approval ranging from three to six months [67][68] - **Long-term Goals**: Sky Quarry aims to create a national network for waste collection and processing, positioning itself as a leader in the recycling and renewable energy sectors [74][81]

Core Viewpoint - Sky Quarry Inc. is hosting a live investor webinar to discuss recent milestones and growth strategies in the waste asphalt shingle recycling industry [1][2] Group 1: Webinar Details - The webinar is scheduled for June 26 at 11:00 a.m. PDT / 2:00 p.m. EDT and will feature executives David Sealock and Marcus Laun [1][2] - Attendees can submit questions in advance via email, and registration is open to all investors, industry partners, and media [3] Group 2: Company Overview - Sky Quarry Inc. focuses on oil production, refining, and environmental remediation, specifically in recycling waste asphalt shingles and remediating oil-saturated sands and soils [4] - The company's mission is to repurpose millions of tons of asphalt shingle waste, contributing to improved waste management and reduced environmental impact [4] Group 3: Strategic Initiatives - The company is advancing its PR Spring site application to commercialize its waste-to-energy strategy [6] - Non-binding letters of intent with partners like Southwind RAS and Right Way Roofing are aimed at securing regional feedstock [6] - Plans to increase throughput at the Foreland Refinery could enhance regional fuel supply and create future revenue opportunities [6] - Tightening fuel supplies in California are generating strong demand signals for the company's clean fuel strategy [6]

Core Insights - Sky Quarry Inc. has filed a Waste Management Recycling Permit application to operate a combined oil sands extraction and waste asphalt shingle recycling facility in Utah, which aims to unlock new commercial pathways and expand revenue-generating operations [1][4] Group 1: Permit Application and Operational Initiatives - The permit application includes a request for a combined permit structure from the School and Institutional Trust Lands Administration (SITLA), allowing consolidation of shingle processing, heavy oil extraction, and asphaltic sand production [2] - If approved, the facility is projected to recover approximately 10 million barrels over a 15-year period, based on an operating capacity of 2,000 barrels per day [3] Group 2: Strategic Vision and Environmental Impact - The permit application is a critical step in scaling the company's waste-to-energy platform, creating multiple revenue streams from a single operational footprint [4] - The initiative aligns with Utah's economic and environmental priorities, contributing to improved waste management and resource efficiency [4][5] Group 3: Financial and Operational Benefits - The company anticipates early-stage cash flow from asphaltic sand and oil sales, which will strengthen its ESG and sustainability profile [8] - The deployment of the ECOSolv process is expected to support on-site heavy oil extraction and advance recycled product development through R&D [7]

Core Insights - Sky Quarry Inc. has announced a strategic roadmap for its subsidiary, Foreland Refining Corporation, aiming to scale operations to a production rate of up to 800,000 barrels annually through targeted investments and steady operations [1][2][3] Production Capacity and Milestones - Foreland is currently operating at a capacity of up to 3,600 barrels per day, with plans to reach production milestones of 45,000, 60,000, 80,000, and 100,000 barrels per month, particularly during high seasonal demand [3] - The roadmap anticipates reaching an annualized peak production rate of 800,000 barrels, with actual output expected to vary seasonally [3] Strategic Growth Plan - The strategic growth plan includes proactive maintenance, risk management, infrastructure upgrades, and crude supply contracts to ensure safe and uninterrupted operations [5] - Key components of the plan focus on operational efficiency, workforce expansion, stronger supply and customer relationships, and revenue growth potential [7] Sustainability and Community Impact - The refinery plans to expand its capabilities to include recycled heavy oil from waste materials, supporting Sky Quarry's mission for a sustainable energy future [6] - The company aims to contribute to improved waste management and resource efficiency while reducing environmental impact [8]

Core Insights - Sky Quarry Inc. reported financial and operational results for Q1 2025, highlighting ongoing challenges and strategic initiatives in the waste asphalt shingle recycling industry [1][8]. Financial Performance - Total revenues for Q1 2025 were approximately $6.3 million, a decrease from $11.0 million in Q1 2024, primarily due to supply chain disruptions and lower commodity prices [8][11]. - Gross profit for the quarter was negative $726,000, compared to a gross profit of $569,000 in the prior-year period [9]. - The company reported a net loss of $3.3 million for Q1 2025, compared to a net loss of $2.5 million in the same period last year [11][19]. Operational Highlights - The company experienced a 50% increase in revenue from Q4 2024 to Q1 2025, driven by operational improvements at the Foreland Refinery [5][10]. - Engagement with TAR360 aims to optimize operations at Foreland, with a goal to increase throughput from 20,000 barrels per month to as much as 100,000 barrels [6]. - The company signed non-binding Letters of Intent with Southwind RAS and R & R Solutions to explore partnerships that could expand its geographic footprint and access over 1.5 million tons of asphalt shingle supply annually [4][10]. Strategic Initiatives - The company is focused on executing its waste-to-energy strategy, converting recycled asphalt shingles into sustainable fuels and valuable materials [3][4]. - Asset upgrades at PR Spring are nearing completion, which will enable commercial-scale output and activate a fully integrated production model [3]. - The company is positioned to meet growing fuel demand in the Western U.S., particularly as California's refining capacity is expected to decline by 21% due to facility closures [7].

Financial Performance - Net sales for Q1 2025 were $6,332,967, a decrease of $4,619,363 (42.2%) compared to $10,952,330 in Q1 2024[149] - Cost of goods sold for Q1 2025 was $7,059,059, down $3,323,822 (32.0%) from $10,382,881 in Q1 2024[154] - Gross margin for Q1 2025 was negative $726,092, a decline of $1,295,541 compared to a positive gross profit of $569,449 in Q1 2024[152] - Operating expenses increased to $1,937,485 in Q1 2025, up $328,129 (20.4%) from $1,609,356 in Q1 2024[150] - Net loss for Q1 2025 was $3,333,694, compared to a net loss of $2,462,545 in Q1 2024, representing an increase in loss of $871,149 (35.4%)[150] - Cost of goods sold as a percentage of net sales was 112% in Q1 2025, compared to 95% in Q1 2024, indicating increased costs relative to sales[155] - General and administrative expenses rose to $1,935,457 in Q1 2025, an increase of $327,573 (20.3%) from $1,607,884 in Q1 2024[156] - Other expenses decreased to $670,117 in Q1 2025, down $752,521 (52.8%) from $1,422,638 in Q1 2024[157] - The company reported a net loss of $3,333,694 or $0.16 per share for the three months ended March 31, 2025, compared to a net loss of $2,462,545 or $0.15 per share for the same period in 2024[160] Cash Flow and Assets - Cash on hand as of March 31, 2025, was $213,000, reflecting a decrease of $172,116 from $385,116 as of December 31, 2024[162] - Total current assets decreased by $281,408 to $4,715,965 as of March 31, 2025, primarily due to a decrease in inventory of $1,045,857[162] - The company had negative operating cash flows of $1,963,224 for the three months ended March 31, 2025, compared to $1,224,548 for the same period in 2024[168] - Cash flow used in investing activities decreased by $111,456 to $316,210 for the three months ended March 31, 2025[169] - Net cash provided by financing activities was $(24,050) for the three months ended March 31, 2025, a decrease of $1,731,805 compared to $1,707,755 for the same period in 2024[171] - Total assets decreased by $2,356,630 to $24,590,613 as of March 31, 2025, due to changes in current assets and decreases in restricted cash and property, plant, and equipment[164] Future Outlook and Strategy - The company aims to increase revenues by securing greater volumes of crude oil for its Foreland refinery to enhance contribution margin[146] - The company anticipates ongoing capital expenditures related to the Foreland Refinery acquisition and PR Spring facility retrofit program, leading to long-term cash needs[161] - The company is evaluating its capital structure to optimize costs and enhance financial stability, considering refinancing options and alternative capital sources[161] - Management remains committed to securing necessary resources to meet financial obligations and execute long-term objectives[167] - The company has incurred accumulated net losses of $27,301,783 from inception through March 31, 2025[146]

Core Viewpoint - Sky Quarry Inc. has signed a non-binding Letter of Intent with R & R Solutions Inc. to expand its waste-to-energy facilities and enhance revenue opportunities in the Southwest [1][4] Group 1: Partnership and Strategic Expansion - The partnership will focus on deploying Sky Quarry's proprietary equipment and processes at R & R Solutions' site in Albuquerque, New Mexico [2] - This collaboration aims to produce high-value byproducts such as asphalt-coated limestone, sand, granules, bitumen, and structural-grade ground shingles for various applications [2][3] - The partnership is seen as a strategic step for both companies, with R & R Solutions leveraging its experience in responsible recycling practices [4] Group 2: Revenue Generation and Processing Capacity - Sky Quarry expects to generate revenue from both accepting asphalt shingle waste and selling recovered byproducts [3] - The New Mexico site is estimated to process approximately 100,000 tons of asphalt shingle waste annually, potentially generating significant revenue from collection fees and sales of recycled materials [3] - The feedstock could yield up to 150,000 barrels of oil when fully refined, representing additional revenue potential [3] Group 3: Operational Efficiency and Market Position - The Albuquerque region is strategically located near Sky Quarry's PR Spring facility in Utah, which will serve as a hub for hydrocarbon extraction [4] - The integration of operations across both sites is expected to accelerate deployment, reduce capital intensity, and improve supply chain logistics for recovered oil products [4] - This collaboration is anticipated to drive stronger margins and long-term value for both companies [4]

Core Insights - Sky Quarry Inc. is positioning itself to meet rising regional demand by engaging Kevin Arrington of TAR360 as a strategic consultant to enhance growth and optimize internal processes [1][4] - The consulting engagement will focus on scaling production at the Foreland Refinery, aiming to increase output by up to 125% initially and ultimately by up to 300% [2][3] - The company is enhancing refining efficiency by improving distillation and refracturing processes, which will help convert recycled liquid asphalt into sustainable fuels and high-value materials [3][5] Company Strategy - The engagement with TAR360 aims to create a practical operating framework that aligns daily activities with broader business goals, ensuring measurable performance and resource allocation [4] - Kevin Arrington's expertise will help evaluate and upgrade internal reporting systems, providing better access to decision-ready information for strategic oversight [4][5] Industry Context - Sky Quarry's initiatives are particularly relevant as California faces fuel supply constraints due to refinery closures and tightening environmental regulations, positioning the company as a next-generation energy provider [3][6] - The company's waste-to-energy mission focuses on recycling millions of tons of asphalt shingle waste, contributing to improved waste management and resource efficiency [6]

Core Viewpoint - Sky Quarry Inc. is hosting a live investor webinar to discuss its innovative approach to waste asphalt shingle recycling and the broader implications for the energy sector [1][2]. Group 1: Webinar Details - The webinar is scheduled for April 24th at 11:00 a.m. PDT / 2:00 p.m. EDT, featuring company founders David Sealock and Marcus Laun, moderated by Lloyd MacNeil [1]. - Attendees can submit questions in advance via email, and registration is open to all investors, industry partners, and media [2]. Group 2: Company Overview - Sky Quarry Inc. operates in oil production, refining, and environmental remediation, focusing on recycling waste asphalt shingles and remediating oil-saturated sands and soils [3]. - The company's mission is to repurpose millions of tons of asphalt shingle waste, aiming to improve waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact [3]. Group 3: Industry Context - The webinar will address the scale and urgency of the asphalt shingle waste problem and its significance [5]. - It will also cover Sky Quarry's proprietary technology and revenue model, as well as the impact of California's tightening fuel supply on regional refining solutions [5]. - Additionally, the discussion will include regulatory tailwinds and the national blueprint for growth through modular waste-to-energy units [5].