Sky Quarry Inc.
NNASDAQ:SKYQCapital Structure
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in mil. unless spec.Company Description
- CEO
- Marcus G. Laun
- Full Time Employees
- 26
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 707 W. 700 S. Woods Cross UT United States 84087
- IPO Date
- Oct 9, 2024
- CIK
- 0001812447
- Website
- skyquarry.com
- Similar Companies
- Business
- Sky Quarry Inc. (NASDAQ: SKYQ) operates as an integrated energy solutions company focused on oil production, refining, and development-stage environmental remediation in the United States. The company deploys proprietary ECOSolv technology to recycle waste asphalt shingles into oil, asphalt paving aggregate, sand, shingle granules, limestone, and fiberglass; remediate oil-saturated sands and soils; and extract heavy oil and bitumen from its 5,930-acre asphalt bitumen leases in the PR Spring region of Utah. It refines heavy crude oil at its Eagle Springs Refinery in Nevada, which has a capacity of 4,500 to 5,000 barrels per day and produces diesel, naphtha, vacuum gas oil, and paving asphalt liquids from sustainable feedstocks for wholesale, bulk, and retail customers primarily in Nevada, Utah, California, and other North American markets. Sky Quarry Inc., founded in 2019 and headquartered in Woods Cross, Utah, wholly owns subsidiaries 2020 Resources, 2020 Canada, and Foreland Refining Corp., which operates the Eagle Springs facility. The company holds patents for hydrocarbon removal from particulate solids and related processes, with its ECOSolv solvent-based, waterless extraction protected as a trade secret achieving over 95% oil recovery and 99% solvent recovery in testing. It leases office space in Woods Cross and land rights for its PR Spring facility and Nevada refinery. Recent developments include the completion of its 2024 capital expenditure program for the PR Spring hydrocarbon extraction site to enable waste asphalt shingle recycling operations; advancement of a partnership with Continuum Network under an August 2025 MOU to launch real-world asset tokens linked to oil assets and an exchange platform, alongside a digital asset treasury strategy; signing of non-binding letters of intent with Southwind RAS and R&R Solutions for national expansion accessing over 1.5 million tons of annual shingle supply; plans to deploy modular Asphalt Shingle Recycling front-end modules in 2025 for grinding and pelletizing feedstock; and appointment of co-founder Marcus Laun as interim CEO. The company anticipates finishing PR Spring retrofits and launching its first full Asphalt Shingle Recycling facility in fiscal 2025 to process shingles near high-waste areas and manufacturers.
Company News
Sky Quarry Confirms Production at Nevada Refinery Amid Strong Diesel Demand
Exclusive Interview with Marcus Laun, CEO of Key Domestic Petroleum Developer Sky Quarry Inc. (Nasdaq: SKYQ)
Sky Quarry Announces Release of New CEO Interview Highlighting Nevada Refinery Restart, Growth Strategy and Path to Increased Production
Sky Quarry Stock Pops After Nevada Air Permit Approval
Sky Quarry Restarts Nevada's Only Crude Oil Refinery
Sky Quarry Stock Surges Thursday: What's Happening?
Sky Quarry (NASDAQ:SKYQ) vs. Matador Resources (NYSE:MTDR) Head-To-Head Contrast
Sky Quarry Advances $50 Million Nevada Oil Development Program to Support Lower-Cost Regional Feedstock
Sky Quarry Highlights Growing Nevada Oil Exploration Activity and Potential New Regional Supply for Foreland Refinery
Sky Quarry Appoints Refining Industry Veteran Ray Hansen as President of Foreland Refining Corporation
Why Is Sky Quarry Stock Surging On Wednesday?
Sky Quarry Enters Production Phase at Nevada's Only Refinery
Sky Quarry Pushes to Expand Drilling in Nevada, Home to an Estimated 1.4 Billion Barrels of Oil
Nevada’s Only Refinery Just Got a Jet-Fuel Makeover Plan
Energy Emergencies Drive Urgent Action in Nevada Fuel Supply
Sky Quarry Enters Strategic Multi-Party MOU to Advance Next-Generation Fuel Technologies
Sky Quarry's 180-Million-Barrel Oil Sands Asset Subject to RFP for Accelerated Commercialization
Sky Quarry Issues Request for Proposals to Accelerate Development of One Hundred Eighty Million Barrel PR Spring Oil Sands Asset Amid Tightening Western U.S. Fuel Supply
Sky Quarry Positioned to Benefit as Trump Administration Prioritizes Domestic Refining Capacity
Sky Quarry's 250% Stock Boom Just Triggered Something Golden — As Charts Flip Bullish