Recent Updates — SKYQ
A Florida court approved a settlement agreement between Sky Quarry Inc. and LendSpark Corporation to resolve outstanding liabilities totaling $638,998. The company will issue shares of its common stock to LendSpark in two tranches based on a conversion price tied to the lower of the previous day's closing price or the five-day average closing price. Additionally, 6,000 shares will be issued as a settlement fee for attorneys' costs. This resolution also dismisses a related pending action in California. Sky Quarry Inc. operates in the quarrying and aggregate materials industry.
Sky Quarry Inc. announced the receipt of an air permit from the Nevada Division of Environmental Protection and the restart of operations at its Eagle Springs Refinery near Ely, Nevada. The company completed approximately $300,000 in repairs and upgrades to prepare for the restart. The facility has a nameplate capacity of 5,000 barrels of crude oil per day, and the company holds approximately 15,000 barrels of crude oil inventory on hand. Sky Quarry Inc. is an energy infrastructure company focused on domestic refining and resource development.
Sky Quarry Inc. appointed Heidi C. Bowman as its new Chief Financial Officer, effective August 18, 2026. Bowman brings over 20 years of strategic finance experience, most recently serving as CFO at Hillair Capital and various portfolio companies in private equity, real estate, logistics, and oil and gas. Her employment agreement includes a monthly base salary of $18,500 and discretionary quarterly bonuses payable in cash or equity under the Company’s 2026 Omnibus Stock Plan. The position is at-will with a thirty-day termination notice requirement. Sky Quarry Inc. operates in the quarrying and aggregate materials industry.
Sky Quarry Inc. completed its at-the-market equity offering program, having sold approximately 4,408,137 shares of common stock for aggregate net proceeds of $13,528,940. The company initially utilized Cantor Fitzgerald & Co., generating $1,306,941 in net proceeds from 52,485 shares, before replacing the agent with Muriel Siebert & Co., LLC on April 22, 2026. Under the amended agreement with Siebert, the company sold 4,355,652 shares for $12,221,999 in net proceeds. The filing notes that share counts prior to March 15, 2026, were adjusted to reflect a 1-for-8 reverse stock split effective on that date. Sky Quarry Inc. operates in the industrial sector, specifically engaged in quarrying and aggregate production.
On July 15, 2026, the Board of Directors approved a one-time discretionary cash award of $100,000 for Marcus Laun. The payment recognizes his service as President, interim Chief Executive Officer, and interim Chief Financial Officer. This lump-sum award is separate from the company's annual incentive compensation program. Sky Quarry Inc. operates in the technology industry, providing AI-driven 3D data capture and visualization services.