Sky Quarry's Nevada-Based Refinery Launches Crowdfunding Campaign
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) ha annunciato che la sua controllata, Foreland Refining Corporation, lancerà una campagna di crowdfunding per sostenere le operazioni del suo impianto di raffinazione in Nevada. L'iniziativa nasce dal fatto che il Nevada importa attualmente l'86% del suo carburante raffinato, creando un'opportunità strategica a seguito della chiusura di raffinerie in California che ha influenzato la dinamica dell'approvvigionamento nel West degli Stati Uniti.
I fondi raccolti tramite crowdfunding saranno utilizzati per aggiornamenti dell'impianto di raffinazione, migliorare l'efficienza operativa e prepararsi all'integrazione con le future attività di riciclo di tegole di asfalto pianificate da Sky Quarry nello Utah. L'azienda sta inoltre esplorando strategie basate su asset digitali e piattaforme blockchain per futuri finanziamenti, supportando iniziative legislative come il Clarity for Payment Stablecoins Act e il GENIUS Act.
Sky Quarry (NASDAQ: SKYQ) ha anunciado que su subsidiaria, Foreland Refining Corporation, está lanzando una campaña de crowdfunding para apoyar las operaciones de su refinería en Nevada. La iniciativa surge porque Nevada actualmente importa el 86% de su combustible refinado, lo que representa una oportunidad estratégica debido al cierre de refinerías en California que afecta la dinámica de suministro en el oeste de EE. UU.
Los fondos recaudados se destinarán a mejoras en la refinería, aumentando la eficiencia operativa y preparándose para la integración con las operaciones planificadas de reciclaje de tejas de asfalto de Sky Quarry en Utah. La compañía también está explorando estrategias con activos digitales y plataformas basadas en blockchain para futuras captaciones de capital, apoyando iniciativas legislativas como el Clarity for Payment Stablecoins Act y el GENIUS Act.
Sky Quarry (NASDAQ: SKYQ)는 자회사인 Foreland Refining Corporation이 네바다에 위치한 정유소 운영을 지원하기 위해 크라우드펀딩 캠페인을 시작한다고 발표했습니다. 네바다는 현재 정제 연료의 86%를 수입하고 있어, 캘리포니아 정유소 폐쇄로 인해 미국 서부 공급 상황에 변화가 생긴 가운데 전략적 기회가 되고 있습니다.
크라우드펀딩으로 모인 자금은 정유소 업그레이드와 운영 효율성 개선, 그리고 Sky Quarry가 유타에서 계획 중인 아스팔트 싱글 재활용 사업과의 통합 준비에 사용될 예정입니다. 또한 회사는 향후 자본 조달을 위해 디지털 자산 전략과 블록체인 기반 플랫폼을 모색 중이며, Clarity for Payment Stablecoins Act 및 GENIUS Act와 같은 입법 노력도 지원하고 있습니다.
Sky Quarry (NASDAQ : SKYQ) a annoncé que sa filiale, Foreland Refining Corporation, lance une campagne de financement participatif pour soutenir ses opérations de raffinerie basées au Nevada. Cette initiative intervient alors que le Nevada importe actuellement 86 % de son carburant raffiné, créant une opportunité stratégique en raison de la fermeture de raffineries en Californie affectant la dynamique d'approvisionnement dans l'Ouest des États-Unis.
Les fonds collectés via le crowdfunding seront utilisés pour des mises à niveau de la raffinerie, améliorer l'efficacité opérationnelle et préparer l'intégration avec les opérations prévues de recyclage des bardeaux d'asphalte de Sky Quarry dans l'Utah. La société explore également des stratégies d'actifs numériques et des plateformes basées sur la blockchain pour de futures levées de fonds, soutenant des initiatives législatives telles que le Clarity for Payment Stablecoins Act et le GENIUS Act.
Sky Quarry (NASDAQ: SKYQ) hat bekanntgegeben, dass seine Tochtergesellschaft Foreland Refining Corporation eine Crowdfunding-Kampagne startet, um die Raffineriebetriebe in Nevada zu unterstützen. Die Initiative entsteht, da Nevada derzeit 86 % seines raffinierten Kraftstoffs importiert, was aufgrund von Raffinerieschließungen in Kalifornien eine strategische Chance durch veränderte Versorgungsdynamiken im Westen der USA darstellt.
Die Einnahmen aus dem Crowdfunding werden für Raffinerie-Upgrades, die Verbesserung der Betriebseffizienz und die Vorbereitung auf die Integration mit Sky Quarrys geplanten Asphalt-Schindel-Recyclingaktivitäten in Utah verwendet. Das Unternehmen prüft zudem digitale Asset-Strategien und blockchain-basierte Plattformen für zukünftige Kapitalbeschaffungen und unterstützt gesetzgeberische Initiativen wie den Clarity for Payment Stablecoins Act und den GENIUS Act.
- Strategic position to capture Nevada market where 86% of refined fuel is currently imported
- Existing revenue generation from refinery operations
- Potential for operational efficiency improvements through planned upgrades
- Integration opportunities with future asphalt shingle recycling operations
- Requires additional capital through crowdfunding for upgrades and debt repayment
- Asphalt shingle recycling operations not yet operational
- Regulatory uncertainty around digital securities and blockchain initiatives
Insights
Sky Quarry launches crowdfunding for its revenue-generating Foreland refinery subsidiary while exploring blockchain-based capital raising strategies.
Sky Quarry's crowdfunding initiative for its Foreland Refining subsidiary represents a strategic move to capitalize on regional market dynamics in Nevada's fuel sector. The state currently imports 86% of its refined fuel, creating an opportunity as California refinery closures disrupt traditional supply chains. This market gap positions Foreland's Railroad Valley operations advantageously to meet growing local demand.
What makes this offering particularly noteworthy is that unlike many crowdfunding campaigns for pre-revenue concepts, Foreland is already an operational refinery generating actual revenue. The proceeds will fund specific operational improvements: increasing production within current permit limits, enhancing efficiency, and preparing for integration with Sky Quarry's planned asphalt shingle recycling operations in Utah.
The company's exploration of digital asset strategies adds another dimension to this financing approach. While this current offering uses traditional investment structures, Sky Quarry appears to be positioning itself at the intersection of conventional energy infrastructure and emerging financial technology. Their stated support for legislation like the Clarity for Payment Stablecoins Act and GENIUS Act suggests they're preparing for potential tokenization of real-world assets in future capital raises.
This dual approach – leveraging both immediate revenue-generating assets and forward-looking financial innovation – reflects a company attempting to bridge traditional infrastructure investing with emerging financial models. However, investors should note the funds will also be used for debt repayment and working capital, indicating potential balance sheet concerns that require careful examination of the offering's complete risk disclosures.
Exploring Digital Asset Strategies to Inform Future Capital Innovation
WOODS CROSS, Utah, July 23, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy company focused on sustainable resource recovery, is pleased to announce the launch of a crowdfunding offering by its wholly owned subsidiary, Foreland Refining Corporation.
Shifting fuel markets across the Western U.S. are creating a unique opportunity for regional producers. Nevada currently imports approximately
“This is a rare opportunity to invest in real infrastructure with real revenue,” said Marcus Laun, Executive Vice President and Co-Founder of Sky Quarry. “While we continue working to bring our asphalt shingle recycling operations online, Foreland is already producing essential petroleum products and generating revenue. It is a foundational part of our circular energy model, and now we are inviting the public to participate in its future with us.”
While building out its integrated energy platform, Sky Quarry is also exploring digital asset strategies aimed at improving transparency and efficiency in future capital raises. Though the Foreland crowdfund runs on traditional rails, the Company views its revenue-linked structure as a strong example of the kind of real-world investment that could be adapted to blockchain-based platforms as alternative financial infrastructure evolves.
Sky Quarry supports ongoing legislative efforts in Washington, including the Clarity for Payment Stablecoins Act and the GENIUS Act, which aim to provide a clearer regulatory framework for digital securities. The Company believes its history of successful crowdfunding efforts positions it to help shape the future of DeFi and real-world asset tokenization.
Proceeds from the crowdfund are intended to support targeted upgrades at the refinery to boost production as allowed under current permits, improve operational efficiency, and prepare for future integration of recycled heavy oil recovered from Sky Quarry’s planned asphalt shingle recycling operations in Utah, as well as for debt repayment, working capital, and general corporate purposes.
Foreland Refining Corporation’s offering is being conducted pursuant to Regulation Crowdfunding through PicMii Crowdfunding, with securities issued by Foreland Refining Corporation. Potential investors should carefully review the offering materials, including the Form C and related risk disclosures, before investing.
To learn more about the campaign or to invest, visit:
https://www.picmiicrowdfunding.com/deal/Foreland%20Refining/
Partnership Opportunities
Sky Quarry invites interested parties to connect with Jennifer Standley at IR@skyquarry.com. The Company is particularly interested in engaging with foundations, asset managers, and crypto entrepreneurs who share its vision for the convergence of traditional public markets and digital assets.
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.
About Foreland Refining Corporation
Foreland Refining Corporation, a wholly owned subsidiary of Sky Quarry, owns and operates the Eagle Springs refinery, located in Railroad Valley near Ely, Nevada. Founded in 1998, the company has operated the facility for over two decades, supplying fuel to mining, industrial, and transportation customers across the Western U.S. The refinery currently produces a range of essential petroleum products, including diesel, asphalt, vacuum gas oil (VGO), and naphtha. It remains the only active crude oil refinery in the state of Nevada.
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, as well as the Company’s Form 10-Q as filed with the SEC on May 15, 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
FAQ
What is the purpose of Sky Quarry's (SKYQ) crowdfunding campaign in 2025?
How much refined fuel does Nevada currently import?
Where is Sky Quarry's Foreland Refining facility located?
What digital asset strategies is Sky Quarry (SKYQ) exploring?
How can investors participate in Sky Quarry's crowdfunding offering?
