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 testing, supporting sustainable crude production and landfill reduction.

• 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 August 25, 2025, 22,480,036 shares of common stock were outstanding, with additional shares reserved for warrants, options, and convertible notes.

• Outstanding debt includes multiple agreements with Libertas Funding, totaling $4,162,187 at an effective interest rate of 31% per annum as of July 31, 2025.

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 debt repayment, working capital, and general corporate purposes.

• Any proceeds exceeding $1,000,000: 25% allocated to debt repayment, remainder for working capital and corporate needs.