Sky Quarry Inc Stock Price, News & Analysis

Sky Quarry (NASDAQ: SKYQ) has signed a non-binding Letter of Intent (LOI) with R & R Solutions, New Mexico's only permitted asphalt shingle recycler. The partnership aims to deploy Sky Quarry's proprietary technology at R & R's Albuquerque site to process approximately 100,000 tons of asphalt shingle waste annually.

The facility will produce various high-value byproducts, including asphalt-coated limestone, sand, granules, bitumen, and structural-grade ground shingles for infrastructure applications. The processed feedstock could potentially yield up to 150,000 barrels of oil when fully refined. Sky Quarry's revenue model includes both waste acceptance fees and sales of recovered materials.

The strategic location near Sky Quarry's PR Spring facility in Utah is expected to optimize operations, reduce capital requirements, and improve supply chain logistics for recovered oil products.

Sky Quarry Inc. (NASDAQ: SKYQ) has announced its participation in the upcoming D. Boral Capital Inaugural Global Conference on May 14, 2025, at The Plaza Hotel in New York City. David Sealock, CEO and Chairman, will be available for one-on-one meetings with interested parties from 9:00 A.M. to 3:00 P.M. (ET). Meeting registrations can be arranged by contacting John Perez at jperez@dboralcapital.com.

Sky Quarry (NASDAQ: SKYQ) has engaged Kevin Arrington of TAR360 as a strategic consultant to boost production and optimize operations at the Foreland Refinery, Nevada's only operational crude oil refinery.

The initiative aims to increase output in two phases:

• Initial increase: Up to 125% (from 20,000 to 45,000 barrels per month)
• Ultimate target: Up to 300% (to 80,000 barrels per month)

The company focuses on converting recycled liquid asphalt from waste shingles into sustainable fuels. This expansion comes as California faces fuel supply challenges due to refinery closures and stricter environmental regulations. TAR360, with experience working with BP, Shell, and Boeing, will help implement new operating frameworks and upgrade internal reporting systems to improve strategic oversight and transparency.

Sky Quarry (NASDAQ: SKYQ), a waste asphalt shingle recycling company, has announced an upcoming investor webinar scheduled for April 24th, 2025 at 2:00 PM EDT. The webinar will focus on the company's waste-to-energy strategy and national expansion plans.

Key presentation topics include:

• The scale and importance of asphalt shingle waste challenges
• Sky Quarry's proprietary technology and revenue model
• California's fuel supply constraints and regional refining solutions
• Regulatory support and growth plans for modular waste-to-energy units

The event will feature presentations from Chairman & CEO David Sealock and EVP Marcus Laun, with moderation by Lloyd MacNeil from Troutman Pepper. A live Q&A session will follow the presentation, with investors able to submit questions in advance via ir@skyquarry.com.

Sky Quarry (NASDAQ: SKYQ) has entered into a non-binding Letter of Intent (LOI) with Southwind RAS, to explore strategic collaboration for asphalt shingle recycling in Illinois. The initiative aims to implement Sky Quarry's proprietary recycling technologies at Southwind's nine facilities in the Chicago area.

The collaboration will focus on operational modeling, site assessments, and financial structures to develop a scalable, modular recycling approach. The project aims to produce various high-value byproducts including asphalt-coated limestone, sand, granules, glass fibers, bitumen, and ground asphalt shingles for use in roofing, road repair, sealants, and structural reinforcement.

The region generates approximately 1.2 million tons of asphalt shingle waste annually, which could potentially yield the equivalent of 1.5 million barrels of oil if fully recycled.

Sky Quarry (NASDAQ: SKYQ) reported its Q4 and fiscal year 2024 results, with annual revenue of $23.3 million, marking a 54% decrease from $50.7 million in 2023. The company posted a net loss of $14.7 million in 2024, compared to a $4.4 million loss in 2023.

Key developments include signing an LOI with RB Residential Roofing for nationwide expansion, completing the 2024 capital expenditure program at PR Spring, and planning a national rollout of modular extraction facilities. The company appointed Leo Womack and Todd Palin to its Board of Directors.

The company's Foreland Refinery, with a 5,000 barrels per day capacity, is preparing for increased production in 2025. Sky Quarry plans to deploy its first Asphalt Shingle Recycling Facility in 2025, designed to recover valuable components including bitumen, granules, aggregate, limestone, and fiberglass.

Sky Quarry (NASDAQ: SKYQ) forecasts potential fuel shortages in Nevada amid regional supply disruptions and regulatory challenges. The company's analysis reveals critical concerns following California refinery shutdowns, including the Martinez facility (9.64% of state capacity) and Phillips 66's planned closure (9% reduction). California currently supplies 88% of Nevada's and 33% of Arizona's fuel needs.

Key factors contributing to the shortage include:

• Nevada imports approximately 150,000 barrels of transportation fuel daily
• Martinez refinery's restart in Q2 2025 at 50% capacity
• California's new ABX2-1 law affecting inventory management
• 59% of California's crude oil is imported
• Growing industrial demand in Nevada

As Nevada's only crude oil refinery, Sky Quarry's Foreland Refinery plans to increase its 4,500-5,000 barrel-per-day capacity in 2025 to help address the supply gap and capitalize on rising refining margins.