Welcome to our dedicated page for Sky Quarry news (Ticker: SKYQ), a resource for investors and traders seeking the latest updates and insights on Sky Quarry stock.
Sky Quarry Inc (SKYQ) pioneers sustainable energy solutions through advanced recycling of waste asphalt shingles and oil-contaminated soils. This hub provides investors and industry professionals with essential updates on technological developments, operational milestones, and environmental impact initiatives.
Access real-time announcements covering earnings reports, strategic partnerships, and innovations in waste-to-energy conversion. Our curated collection ensures transparent tracking of SKYQ's progress in reducing landfill dependence and producing alternative oil products.
Key updates include refinery capacity expansions, recycling technology patents, and sustainability certifications. Bookmark this page for verified information about SKYQ's integrated approach to transforming industrial waste into renewable resources.
Sky Quarry (NASDAQ: SKYQ), a waste asphalt shingle recycling company, has announced an upcoming investor webinar scheduled for April 24th, 2025 at 2:00 PM EDT. The webinar will focus on the company's waste-to-energy strategy and national expansion plans.
Key presentation topics include:
- The scale and importance of asphalt shingle waste challenges
- Sky Quarry's proprietary technology and revenue model
- California's fuel supply constraints and regional refining solutions
- Regulatory support and growth plans for modular waste-to-energy units
The event will feature presentations from Chairman & CEO David Sealock and EVP Marcus Laun, with moderation by Lloyd MacNeil from Troutman Pepper. A live Q&A session will follow the presentation, with investors able to submit questions in advance via ir@skyquarry.com.
Sky Quarry (NASDAQ: SKYQ) has entered into a non-binding Letter of Intent (LOI) with Southwind RAS, to explore strategic collaboration for asphalt shingle recycling in Illinois. The initiative aims to implement Sky Quarry's proprietary recycling technologies at Southwind's nine facilities in the Chicago area.
The collaboration will focus on operational modeling, site assessments, and financial structures to develop a scalable, modular recycling approach. The project aims to produce various high-value byproducts including asphalt-coated limestone, sand, granules, glass fibers, bitumen, and ground asphalt shingles for use in roofing, road repair, sealants, and structural reinforcement.
The region generates approximately 1.2 million tons of asphalt shingle waste annually, which could potentially yield the equivalent of 1.5 million barrels of oil if fully recycled.
Sky Quarry (NASDAQ: SKYQ) reported its Q4 and fiscal year 2024 results, with annual revenue of $23.3 million, marking a 54% decrease from $50.7 million in 2023. The company posted a net loss of $14.7 million in 2024, compared to a $4.4 million loss in 2023.
Key developments include signing an LOI with RB Residential Roofing for nationwide expansion, completing the 2024 capital expenditure program at PR Spring, and planning a national rollout of modular extraction facilities. The company appointed Leo Womack and Todd Palin to its Board of Directors.
The company's Foreland Refinery, with a 5,000 barrels per day capacity, is preparing for increased production in 2025. Sky Quarry plans to deploy its first Asphalt Shingle Recycling Facility in 2025, designed to recover valuable components including bitumen, granules, aggregate, limestone, and fiberglass.
Sky Quarry (NASDAQ: SKYQ) forecasts potential fuel shortages in Nevada amid regional supply disruptions and regulatory challenges. The company's analysis reveals critical concerns following California refinery shutdowns, including the Martinez facility (9.64% of state capacity) and Phillips 66's planned closure (9% reduction). California currently supplies 88% of Nevada's and 33% of Arizona's fuel needs.
Key factors contributing to the shortage include:
- Nevada imports approximately 150,000 barrels of transportation fuel daily
- Martinez refinery's restart in Q2 2025 at 50% capacity
- California's new ABX2-1 law affecting inventory management
- 59% of California's crude oil is imported
- Growing industrial demand in Nevada
As Nevada's only crude oil refinery, Sky Quarry's Foreland Refinery plans to increase its 4,500-5,000 barrel-per-day capacity in 2025 to help address the supply gap and capitalize on rising refining margins.
Sky Quarry (NASDAQ: SKYQ) has appointed Todd Palin to its Board of Directors, bringing nearly two decades of energy production and operational expertise. Palin, from Big Lake, Alaska, has 15 years of experience with BP in Alaska's North Slope oil fields as a facility production operator, managing crude oil specifications for the Trans-Alaska Pipeline System.
As a fourth-generation commercial fisherman and four-time champion of the Iron Dog snowmachine race, Palin brings a unique perspective on balancing environmental stewardship with economic development. His appointment comes as Sky Quarry prepares to increase production at its Nevada refinery in 2025, amid California's refinery disruptions affecting fuel supply stability.
Sky Quarry, focused on revolutionizing waste asphalt shingle recycling, aims to leverage Palin's expertise in energy markets and production infrastructure to advance its sustainable energy solutions mission and enhance national energy security.
RB Residential and Sky Quarry (NASDAQ: SKYQ) have signed a Letter of Intent (LOI) to explore a strategic alliance aimed at revolutionizing sustainable practices in the roofing industry. The non-binding agreement outlines a framework for Sky Quarry to potentially acquire RB Residential, subject to negotiations, due diligence, and stockholder approval.
RB Residential, known for comprehensive roofing services including inspections, repairs, and storm damage restoration, will integrate Sky Quarry's innovative waste asphalt shingle recycling technology into their operations. This collaboration aims to reduce waste while promoting the use of eco-friendly products in roofing projects.
Mike Jaap, CEO of RB Residential, emphasized the partnership's potential to enhance sustainable solutions for customers, while David Sealock, CEO of Sky Quarry, highlighted the alignment of both companies' commitment to quality and environmental impact.
Sky Quarry (NASDAQ: SKYQ) has announced plans for a national rollout of modular facilities to expand its waste asphalt shingle recycling operations. The company is introducing two types of units: Resource Processing Units and Resource Extraction Units.
The Processing Units, which are 80% complete, will target the West Coast and Southwest, costing between $500,000 and $1.5 million per unit. These units reduce waste material volume by 40% by extracting sand and granules and compressing remaining materials into briquettes. The Extraction Units, still in design phase, will target the East Coast, Florida, Texas, and Midwest, with an estimated cost of $12 million per facility.
Each extraction facility is expected to achieve ROI within 24-36 months through tipping fees and recovered material sales. The facilities' locations will be selected based on proximity to populated areas, high tipping fee regions, and rail line accessibility.
Sky Quarry (NASDAQ: SKYQ) has appointed Leo Womack to its Board of Directors, where he will serve as a member of the Audit and Nominating Committee and Chair of the Compensation Committee. Womack brings extensive experience as president of Gulf Equities Realty Advisors and CEO of Ramsey Financial Group.
With a background as a certified public accountant and real estate broker, Womack has served on numerous NASDAQ and OTC public company boards, particularly as audit committee chairman. His current roles include board membership at Petrolia Energy since 2015. Womack holds a Bachelor of Arts from Texas A&M University.
The appointment aligns with Sky Quarry's focus on waste asphalt shingle recycling, including plans for deploying its first modular ASR facility and capitalizing on California's oil market opportunities.
Sky Quarry (NASDAQ: SKYQ) has completed its 2024 capital expenditure program for PR Spring, its flagship hydrocarbon extraction facility. The facility, built at a cost of $54 million under previous ownership, is designed to process up to 1 million tons of asphalt shingle waste annually and produce 2,000 barrels of oil per day.
The company has invested $7 million in critical equipment and engineering partnerships for the facility's retrofit. Located on nearly 6,000 acres, PR Spring holds an estimated 180 million barrels of hydrocarbon resources. A significant upgrade included replacing a trommel mill with proprietary vortex mixing tanks for the extraction process.
Expected to be commissioned in 2025, PR Spring will serve as a central hub connecting upstream and downstream operations, supplying crude oil to Sky Quarry's Foreland Refinery to enhance operational efficiency and profitability.
Sky Quarry Inc. (NASDAQ: SKYQ) has issued a letter to shareholders on January 9, 2025, encouraging them to transfer their stock holdings from margin accounts to cash accounts. The company explains that this strategic move aims to prevent share lending to short sellers, which can potentially exert downward pressure on the stock price.
The letter outlines a simple process for shareholders to make this transition by contacting their brokerage firms to convert their margin accounts into cash accounts. Sky Quarry believes this collective action could help stabilize the stock price and better reflect the company's market fundamentals and growth trajectory.
