Sky Quarry (SKYQ) Registration Filing summary

Company overview and business model

• Operates as an oil production, refining, and environmental remediation company focused on recycling waste asphalt shingles and remediating oil-saturated sands and soils using proprietary ECOSolv technology.

• Aims to reduce landfill use and reliance on virgin crude oil by producing sustainable refined crude products from recycled materials.

• Plans to retrofit its Utah facility and deploy modular, scalable recycling plants near shingle manufacturing centers in fiscal 2025.

Financial performance and metrics

• As of July 16, 2025, 22,480,036 shares of common stock were outstanding.

• Outstanding warrants and options could further increase share count; additional convertible notes and advisory agreements may result in further dilution.

• Financial statements for 2023 and 2024 are incorporated by reference, with a going concern explanatory paragraph from the auditor.

Use of proceeds and capital allocation

• May receive up to $8,125,000 in gross proceeds from the Purchase Agreement and $75,000 from warrant exercises.

• Proceeds will be used for general corporate and working capital purposes; amounts exceeding $1,000,000 will allocate 25% to debt repayment and the remainder to working capital.

• Several outstanding debt obligations exist, including future receivables agreements with Libertas Funding, with significant balances remaining as of June 30, 2025.