Sky Quarry Inc Stock Price, News & Analysis

Sky Quarry (NASDAQ: SKYQ) has signed a Memorandum of Understanding (MOU) with Hong Kong-based Continuum Network to explore blockchain-enabled tokenization of its commodities. The partnership aims to evaluate technical, regulatory, and commercial aspects of creating a secure framework for resource-linked commodity tokens.

The collaboration will proceed in phases, from concept design and regulatory compliance analysis to development, pilot deployment, and commercialization. Sky Quarry sees this initiative as part of a broader strategy to strengthen its balance sheet through a digital treasury model, while Continuum Network will contribute its expertise in blockchain architecture and smart contract development.

The company believes that tokenizing non-cash assets could potentially unlock hundreds of billions in working capital across the energy industry. Sky Quarry plans to host a webinar to introduce its digital asset strategy.

Sky Quarry (NASDAQ: SKYQ), a sustainable resource recovery company, reported mixed Q2 2025 financial results. The company achieved Q2 revenue of $4.54 million, marking a 35% increase from Q2 2024, though six-month revenues declined 24% year-over-year to $10.87 million.

The company unveiled plans to expand its Foreland Refinery to its full capacity of 800,000 barrels per year. Sky Quarry also submitted a recycling permit application for a new integrated energy facility in Utah and launched a digital asset initiative for energy commodity tokenization.

Financial metrics show a reduced Q2 net loss of $2.21 million compared to $3.56 million in Q2 2024, while operating expenses increased to $1.62 million from $0.97 million year-over-year. Cash burn improved with net cash used in operations decreasing to $0.73 million from $2.60 million in the prior year period.

Sky Quarry (NASDAQ: SKYQ) has announced that its subsidiary, Foreland Refining Corporation, is launching a crowdfunding campaign to support its Nevada-based refinery operations. The initiative comes as Nevada currently imports 86% of its refined fuel, creating a strategic opportunity due to California refinery closures affecting Western U.S. supply dynamics.

The crowdfunding proceeds will be used for refinery upgrades, improving operational efficiency, and preparing for integration with Sky Quarry's planned asphalt shingle recycling operations in Utah. The company is also exploring digital asset strategies and blockchain-based platforms for future capital raises, supporting legislative efforts like the Clarity for Payment Stablecoins Act and the GENIUS Act.

Sky Quarry (NASDAQ: SKYQ) has announced plans to establish a digital asset treasury as part of its capital allocation strategy. The integrated energy company is exploring opportunities to build a diversified portfolio of digital assets, including cryptocurrencies, stablecoins, and blockchain-based instruments.

The company has formed an internal working group and engaged industry advisors to support this initiative. Executive VP Marcus Laun believes public companies could eventually represent 10-20% of total digital asset market capitalization. Sky Quarry aims to bridge traditional and renewable energy sectors through a digital marketplace, focusing on tokenization of real-world assets (RWAs).

Sky Quarry (NASDAQ: SKYQ) announced an upcoming investor webinar scheduled for June 26, 2025, at 11:00 a.m. PDT. The presentation will focus on the company's strategic growth initiatives in waste asphalt shingle recycling. Key discussion topics include updates on the Utah site permit application, strategic partnerships with Southwind RAS, Right Way Roofing, and R & R Solutions for feedstock supply, plans to increase Foreland Refinery throughput, and market opportunities in California's fuel market. The webinar will be led by CEO David Sealock and EVP Marcus Laun, with moderation by project finance attorney Lloyd MacNeil from Troutman Pepper. The event will include a Q&A session, with advance questions accepted via email.

Sky Quarry (NASDAQ: SKYQ) has filed a Waste Management Recycling Permit application in Utah to operate a combined oil sands extraction and waste asphalt shingle recycling facility at its PR Spring site. The company also requested approval from SITLA for a combined permit structure. The facility aims to process shingles, extract heavy oil, and produce asphaltic sand under a unified sustainable waste energy development plan. With a 2,000 barrels per day capacity, Sky Quarry projects recovering approximately 10 million barrels over 15 years from oil sands and recycled shingles. Key initiatives include commercializing $1 million in asphaltic sand inventory, deploying ECOSolv process for oil extraction, advancing R&D, and demonstrating scalable remediation methods. The permit would enable early-stage cash flow, strengthen ESG profile, and enhance oil sands assets' value.

Sky Quarry (NASDAQ: SKYQ) has unveiled a strategic growth plan for its Foreland Refinery subsidiary, targeting an annual production capacity of 800,000 barrels. The "Path to Full Production" initiative outlines four key monthly production milestones: 45,000, 60,000, 80,000, and 100,000 barrels. Currently operating at 3,600 barrels per day, the facility, Nevada's only operating refinery, aims to stabilize fuel supply across the Western U.S. The plan encompasses operational efficiency improvements, workforce expansion, and strengthened supply chain relationships. The company also plans to incorporate recycled heavy oil capabilities from waste materials sourced from PR Spring. Implementation includes infrastructure upgrades, maintenance frameworks, and crude supply contracts to ensure safe, uninterrupted operations.

Sky Quarry (NASDAQ: SKYQ) reported Q1 2025 financial results, showing mixed performance. The company generated $6.3 million in Q1 revenue, marking a 50% increase from Q4 2024, but down from $11.0 million in Q1 2024. The company reported a net loss of $3.3 million, wider than the $2.5 million loss in Q1 2024. Key developments include signing LOIs with R & R Solutions and Southwind RAS for potential partnerships that could access over 1.5 million tons of asphalt shingle supply annually. The company engaged TAR360 to optimize operations at Foreland Refinery, aiming to increase throughput by up to 400% from current 20,000 barrels per month to 100,000. Gross profit turned negative at -$726,000, compared to $569,000 profit in the prior year, while operating expenses increased to $1.94 million.

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.