Sky Quarry Appoints Co-Founder Marcus Laun as Interim Chief Executive Officer
Sky Quarry (NASDAQ: SKYQ) has appointed co-founder Marcus Laun as Interim Chief Executive Officer. Laun brings over 25 years of capital markets experience and expertise in digital asset initiatives. The company's integrated platform includes the PR Spring facility in Utah, Foreland Refinery in Nevada, and proprietary technology for processing asphalt shingles.
Under Laun's leadership, Sky Quarry plans to implement a digital treasury strategy and explore asset tokenization to broaden funding sources and enhance investor access. The company's technology can process over 15 million tons of discarded asphalt shingles annually, equivalent to approximately 22 million barrels of oil, while advancing sustainability goals in the Western U.S.
Sky Quarry (NASDAQ: SKYQ) ha nominato il cofondatore Marcus Laun come Amministratore Delegato ad interim. Laun vanta oltre 25 anni di esperienza nei mercati dei capitali e competenze nelle iniziative relative agli asset digitali. La piattaforma integrata della società comprende l'impianto PR Spring nello Utah, la Foreland Refinery in Nevada e tecnologie proprietarie per il trattamento delle tegole asfaltiche.
Sotto la guida di Laun, Sky Quarry intende adottare una strategia di tesoreria digitale e valutare la tokenizzazione degli asset per diversificare le fonti di finanziamento e migliorare l'accesso per gli investitori. La tecnologia dell'azienda è in grado di trattare oltre 15 milioni di tonnellate di tegole asfaltiche scartate all'anno, corrispondenti a circa 22 milioni di barili di petrolio, contribuendo al contempo agli obiettivi di sostenibilità nel West degli Stati Uniti.
Sky Quarry (NASDAQ: SKYQ) ha designado al cofundador Marcus Laun como Director Ejecutivo interino. Laun aporta más de 25 años de experiencia en los mercados de capital y experiencia en iniciativas de activos digitales. La plataforma integrada de la compañía incluye la instalación PR Spring en Utah, la Foreland Refinery en Nevada y tecnología propia para procesar tejas asfálticas.
Bajo el liderazgo de Laun, Sky Quarry tiene previsto implementar una estrategia de tesorería digital y explorar la tokenización de activos para ampliar las fuentes de financiación y facilitar el acceso a los inversores. La tecnología de la empresa puede procesar más de 15 millones de toneladas de tejas asfálticas desechadas al año, equivalentes a aproximadamente 22 millones de barriles de petróleo, al tiempo que avanza en los objetivos de sostenibilidad en el oeste de EE. UU.
Sky Quarry (NASDAQ: SKYQ)는 공동창업자 Marcus Laun을 임시 최고경영자(Interim CEO)로 임명했습니다. Laun은 25년 이상의 자본시장 경험과 디지털 자산 관련 이니셔티브 전문성을 보유하고 있습니다. 회사의 통합 플랫폼에는 유타의 PR Spring 시설, 네바다의 Foreland Refinery, 그리고 아스팔트 싱글(지붕재) 처리용 독점 기술이 포함됩니다.
Laun의 리더십 하에 Sky Quarry는 디지털 재무 전략을 실행하고 자산 토큰화를 검토해 자금 조달원을 다각화하고 투자자 접근성을 높일 계획입니다. 회사의 기술은 연간 1500만 톤 이상의 폐 아스팔트 싱글을 처리할 수 있어 약 2200만 배럴의 석유에 해당하며, 미국 서부 지역의 지속 가능성 목표 달성에도 기여합니다.
Sky Quarry (NASDAQ: SKYQ) a nommé le cofondateur Marcus Laun au poste de Directeur Général par intérim. Laun apporte plus de 25 ans d'expérience sur les marchés de capitaux et une expertise dans les initiatives d'actifs numériques. La plateforme intégrée de la société comprend l'installation PR Spring dans l'Utah, la Foreland Refinery au Nevada et des technologies propriétaires pour le traitement des bardeaux d'asphalte.
Sous la direction de Laun, Sky Quarry prévoit de mettre en œuvre une stratégie de trésorerie numérique et d'explorer la tokenisation des actifs afin d'élargir les sources de financement et d'améliorer l'accès des investisseurs. La technologie de l'entreprise peut traiter plus de 15 millions de tonnes de bardeaux d'asphalte jetés par an, soit environ 22 millions de barils de pétrole, tout en faisant progresser les objectifs de durabilité dans l'Ouest des États-Unis.
Sky Quarry (NASDAQ: SKYQ) hat den Mitbegründer Marcus Laun zum Interim-Chief Executive Officer ernannt. Laun bringt über 25 Jahre Erfahrung in den Kapitalmärkten sowie Fachkenntnisse im Bereich digitaler Vermögenswerte mit. Die integrierte Plattform des Unternehmens umfasst die PR Spring-Anlage in Utah, die Foreland Refinery in Nevada und firmeneigene Technologie zur Verarbeitung von Bitumen-Schindeln.
Unter Launs Leitung plant Sky Quarry die Umsetzung einer digitalen Treasury-Strategie und die Prüfung der Tokenisierung von Vermögenswerten, um Finanzierungsquellen zu erweitern und den Investoren-Zugang zu verbessern. Die Technologie des Unternehmens kann jährlich über 15 Millionen Tonnen entsorgter Bitumen-Schindeln verarbeiten, was etwa 22 Millionen Barrel Öl entspricht, und fördert zugleich Nachhaltigkeitsziele im Westen der USA.
- Appointment of experienced co-founder with 25+ years of capital markets expertise
- Strategic expansion into digital treasury and blockchain initiatives to enhance funding access
- Potential to process 15 million tons of asphalt shingles annually (22 million oil barrels equivalent)
- Diversified asset portfolio including the only operating refinery in Nevada
- Interim nature of CEO appointment indicates potential leadership uncertainty
- Digital asset strategy represents a significant pivot that may carry implementation risks
Leadership transition comes as the Company explores digital treasury strategies to complement its integrated energy model
WOODS CROSS, Utah, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company, today announced the appointment of Marcus Laun as Interim Chief Executive Officer.
Mr. Laun, a co-founder of the Company with more than 25 years of capital markets experience, has held senior roles in finance and advised on digital asset initiatives such as tokenization and exchange development. As Interim CEO, he will guide Sky Quarry through its next stage of growth with a focus on sustainable operations and the advancement of a digital treasury strategy. These initiatives are intended to broaden potential sources of capital, expand investor access, and may strengthen the Company’s balance sheet.
“I am both excited and encouraged by the opportunities ahead,” said Marcus Laun. “Our integrated business model, combining recycling, refining, and digital assets, positions us to deliver both environmental and financial innovation. Traditional industries and the digital revolution may seem worlds apart, yet the two are complementary and together create even greater potential.”
Sky Quarry’s integrated platform is anchored by three core assets: the PR Spring facility in Utah, which sits on significant oil sands resources; the Foreland Refinery in Nevada, the state’s only operating refinery; and proprietary technology designed to process the more than 15 million tons of asphalt shingles discarded annually in the U.S., which is estimated to equate to approximately 22 million barrels of oil, as well as other high-value industrial materials. Together, these assets provide a strong foundation for growth and innovation, positioning the Company to potentially benefit from tightening fuel supplies in the Western U.S. while advancing long-term sustainability goals.
He continued, “Sky Quarry has an attractive model today, but it can be enhanced through a digital treasury and the potential tokenization of our assets. By layering blockchain-based tools on top of our recycling and refining operations, we are pursuing opportunities with the goal of broadening funding access, lowering borrowing costs, and unlocking asset value that traditional markets often overlook. This approach can make Sky Quarry more resilient and efficient; while also expanding the ways investors can engage with our Company.”
For more insight into Sky Quarry’s integrated business model and digital treasury initiatives, a replay of the Company’s recent webinar is available here: https://youtu.be/9kiwbjMcULE
About Sky Quarry Inc.
Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.
Forward-Looking Statements
This press release may include ''forward-looking statements.'' All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025, and all amendments thereto, as well as the Company’s Form 10-Q as filed with the SEC on August 14, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.
Investor Relations
Jennifer Standley
Director of Investor Relations
Ir@skyquarry.com
Company Website
www.skyquarry.com
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