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Sky Quarry Inc.(SKYQ) - 2024 Q4 - Annual Report
2025-03-31 21:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-42296 SKY QUARRY INC. (Exact name of registrant as specified in its charter) Delaware 84-1803091 Woods Cross, UT 84087 (Address of Principal Executive Offices) (Zip Code) (424) 394-1090 (R ...
Sky Quarry Predicts Fuel Shortage in Nevada as California Refinery Shutdowns Spark Supply Concerns
Globenewswire· 2025-03-12 11:00
Company Prepares to Ramp Up Production to Help Keep Nevada FueledWOODS CROSS, Utah, March 12, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, is forecasting a potential fuel shortage in Nevada. Sky Quarry reached this conclusion after conducting research prompted by the surge of inquiries to secure long term fuel supply from Nevada market participants. Sk ...
Sky Quarry Appoints Energy Industry Veteran Todd Palin to Board of Directors
GlobeNewswire News Room· 2025-03-04 13:31
Core Viewpoint - Sky Quarry Inc. has appointed Todd Palin to its Board of Directors, bringing significant expertise in energy production and operational oversight to advance the company's waste-to-energy mission and strategic growth [1][7]. Group 1: Todd Palin's Background and Experience - Todd Palin has nearly two decades of experience in energy production and operational oversight, including 15 years with BP in Alaska's North Slope oil fields [2][3]. - His role as a facility production operator involved all phases of production, ensuring crude oil met specifications before transfer to the Trans-Alaska Pipeline System [3]. - Palin's background as a fourth-generation commercial fisherman reflects his commitment to sustainable practices and resource management in Alaska [4]. Group 2: Strategic Importance of Appointment - The appointment of Todd Palin is timely as California faces refinery disruptions that threaten fuel supply stability, making his expertise crucial for Sky Quarry's operations [7]. - His knowledge of energy markets and production infrastructure, particularly on the West Coast, will support the ramp-up of production at Sky Quarry's Nevada refinery in 2025 [7]. - Palin's commitment to operational efficiency and regulatory compliance is expected to enhance the company's mission of transitioning to sustainable energy solutions and improving national energy security [7]. Group 3: Company Overview and Mission - Sky Quarry Inc. is focused on revolutionizing the waste asphalt shingle recycling industry and aims to repurpose millions of tons of asphalt shingle waste, diverting it from landfills [8]. - The company is involved in oil production, refining, and environmental remediation, utilizing technologies to improve waste management and reduce environmental impact [8].
RB Residential and Sky Quarry Combine Forces with LOI to Integrate Advanced Sustainability Tech with Expert Roofing Services
Prnewswire· 2025-02-05 13:51
Core Perspective - RB Residential, Inc. has signed a Letter of Intent (LOI) with Sky Quarry, Inc. to enhance sustainable practices in the roofing industry through a strategic alliance [1][2] Group 1: Partnership Details - The LOI initiates a collaboration focused on integrating eco-friendly solutions into roofing services, emphasizing environmental stewardship and community support [2] - The partnership aims to leverage Sky Quarry's innovative recycling technology to repurpose waste asphalt shingles into valuable products, thereby reducing waste [4][6] Group 2: Company Profiles - RB Residential specializes in comprehensive roofing services, including inspections, repairs, and storm damage restoration, with a commitment to quality and sustainability [3][7] - Sky Quarry is dedicated to transforming waste asphalt shingles into eco-friendly commercial products, contributing to improved waste management and resource efficiency [8] Group 3: Leadership Insights - Leadership from both companies expresses enthusiasm for the partnership, highlighting the alignment of their missions to promote sustainability and innovation in the roofing industry [5]
Sky Quarry Unveils National Rollout Plan for Modular Extraction Facilities
Newsfilter· 2025-01-28 13:31
Core Viewpoint - Sky Quarry Inc. is launching a national rollout of modular facilities aimed at enhancing the scalability and efficiency of its proprietary technology in the waste asphalt shingle recycling industry, focusing on innovation and long-term growth [1][2]. Group 1: Company Plans and Operations - The company is finalizing plans to expand upstream capabilities through the deployment of Asphalt Shingle Recycling (ASR) units, which will process waste asphalt shingles and produce sellable byproducts like sand and granules [2][5]. - The ASR units will be strategically placed based on logistical criteria, including proximity to populated areas, high tipping fees, and accessibility to rail lines [7]. - Resource Processing Units will reduce the volume of asphalt waste material by 40%, lowering transportation costs, and are estimated to cost between $500,000 and $1.5 million per unit [3][4]. Group 2: Financial Projections and Economic Impact - Resource Extraction Units, currently in the design phase, are expected to cost around $12 million each and recover initial capital costs within 24 to 36 months through revenues from tipping fees and sales of recovered materials [4]. - The company anticipates that its modular units will create a closed-loop system that promotes sustainability, reduces waste, and minimizes reliance on virgin materials, potentially stimulating regional economic growth and job creation [5][6]. Group 3: Market Context and Regulatory Environment - Sky Quarry's initiatives align with tightening landfill disposal mandates and increasing state requirements for construction and demolition waste diversion, positioning the company as a viable solution for waste management [5]. - The company plans to offer exclusive modular partnership opportunities to qualified candidates, indicating a strategic approach to expand its market reach [5].
Sky Quarry Appoints Respected Finance Leader Leo Womack to Board of Directors
Newsfilter· 2025-01-16 13:31
Veteran Board Member for Private and Public Companies to Provide Corporate Financial Strategy and Capital Markets Experience WOODS CROSS, Utah, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ:SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced the appointment of respected finance leader Leo Womack to the Company's Board of Directors. Mr. Womack will also serve as a member of the Aud ...
Sky Quarry Announces Completion of 2024 CapEx Program for its Flagship Hydrocarbon Extraction Site, PR Spring
Globenewswire· 2025-01-15 13:31
Designed to Process 1 Million Tons of Shingle Waste and Produce 2,000 Barrels of Oil Daily WOODS CROSS, Utah, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced the successful completion of its 2024 capital expenditure program for PR Spring. This milestone advances Sky Quarry toward completing and commissioning its cornerstone facili ...
Sky Quarry Inc. Issues Letter to Shareholders
Globenewswire· 2025-01-09 18:48
Core Viewpoint - Sky Quarry Inc. is focused on enhancing shareholder value through a multi-tier business plan and is encouraging shareholders to transfer their shares from margin accounts to cash accounts to stabilize stock price and reflect the company's growth trajectory more accurately [1][2][4]. Group 1: Shareholder Recommendations - The company recommends that shareholders consider transferring their shares from margin accounts to cash accounts to prevent brokerage firms from lending shares to short sellers, which can negatively impact stock price [3][4]. - By moving to a cash account, shareholders can help protect the integrity of the stock price and ensure it aligns with the company's underlying fundamentals [5][6]. Group 2: Transition Process - The transition from a margin account to a cash account is described as a straightforward process, involving contacting the brokerage firm, confirming settlement timing, and verifying account updates [6][8]. - The company believes that collective action in this regard may stabilize stock price and better reflect the company's growth potential [6]. Group 3: Company Overview - Sky Quarry Inc. is an integrated energy solutions company focused on recycling waste asphalt shingles and environmental remediation, aiming to repurpose millions of tons of waste and reduce environmental impact [9].
Sky Quarry Receives Permission to Operate Fractionation Facility at Eagle Springs Refinery Site, Advancing Waste-to-Energy Vision
Newsfilter· 2025-01-08 13:00
WOODS CROSS, Utah, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ:SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced that it has received permission to operate and maintain a Fractionation Facility at the Eagle Springs Refinery in Nevada. This milestone is a key component of the Company's strategic plan to expand the capabilities of its Foreland Refinery. The operational permit fr ...
Sky Quarry Inc. Issues Annual Shareholder Letter and Corporate Update
Globenewswire· 2024-12-19 13:00
Unveils Strategic Plans to Capitalize on Emerging Opportunities in California's Evolving Oil MarketWOODS CROSS, Utah, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or “Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, released a letter to shareholders from Sky Quarry management. The letter provides insights into the Company’s performance, key achievements of 2024, and its strategic focus as it navigat ...