Sky Quarry Business Summary

Sky Quarry Inc. (SKYQ) is an integrated energy solutions company that generates revenue primarily through the production and sale of refined petroleum products, including diesel, vacuum gas oil (VGO), naphtha, and liquid paving asphalt. Its business model is structured around two primary segments: the Foreland Refinery in Nevada, which processes regional crude, and a development-stage environmental remediation arm focused on the PR Spring facility in Utah. This latter segment utilizes proprietary ECOSolv technology to extract hydrocarbons from waste asphalt shingles and oil-saturated sands, aiming for a "closed-loop" recycling process that diverts landfill waste into high-value energy feedstocks. Additionally, the company has recently integrated a digital asset treasury strategy to explore real-world asset (RWA) tokenization of energy commodities. Sky Quarry competes with firms like Blue Dolphin Energy, Clean Vision, and Aemetis, distinguishing itself as a niche player bridging traditional fossil fuel refining with circular economy waste-to-energy technologies. The company is led by Co-founder and CEO Marcus Laun, a capital markets veteran with over 25 years of experience who has spearheaded the firm’s pivot toward digital asset integration and sustainable refining. The executive suite includes Chief Technology Officer Tom Zickell, who is responsible for the technical scaling of the ECOSolv extraction systems, and CFO Darryl Delwo, who oversees financial reporting and capital allocation. Following a significant board refresh in early 2026, the company’s governance is supported by independent directors Omar Hussein (Co-founder of ConvergeFi), Alexander Monje (Partner at 10X Capital), and Robert Byrne (Principal at Alpha Nine Ventures). This leadership transition, which included the departure of former directors Todd Palin and Leo Womack in January 2026, reflects a strategic move to align the company’s oversight with its dual focus on industrial energy production and blockchain-based capital strategies.