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.

• ECOSolv process enables up to 99% solvent recovery and 95% oil separation in bench tests, supporting sustainable crude production and landfill reduction.

• Plans to retrofit its Utah facility within 12 months to recycle asphalt shingles and produce oil and paving aggregate, with a modular, scalable facility model for regional expansion.

Financial performance and metrics

• As of September 9, 2025, 23,314,603 shares of common stock were outstanding, with additional shares reserved for warrants, options, and convertible notes.

• Outstanding debt includes $4,074,687 to Libertas Funding with an effective interest rate of 31% per annum.

Use of proceeds and capital allocation

• Will not receive proceeds from stockholder sales but may receive up to $8,125,000 from the Purchase Agreement and $138,750 from warrant exercises.

• Net proceeds will be used for general corporate and working capital purposes, with 25% of amounts exceeding $1,000,000 allocated to debt repayment.