Sky Quarry Inc. ("Sky Quarry," "SQI," or the "Company"), an integrated energy solutions company, has launched its Regulation A (Reg A) investment round. This strategic move is in preparation for the Company’s anticipated Nasdaq listing, where it will trade under the ticker symbol 'SKYQ'.
Key to Sky Quarry’s innovative approach is the transformation of waste asphalt shingles (WAS) into sustainable fuels and other marketable materials. With approximately 15 million tons of asphalt shingles sent to landfills annually from reroofing 6 million homes in the USA, the company's solution addresses a significant environmental challenge while capitalizing on a low-cost commodity.
Sky Quarry has developed a patented process to convert this waste into seven potential revenue streams. This aligns with the global shift towards eco-friendly solutions, tapping into addressable markets expected to be worth a combined $25 billion by 2035. The Reg A round offers investors an opportunity to join the Company as it executes its expansion strategy.
As part of its fully integrated strategy, Sky Quarry acquired two substantial processing facilities: a state-of-the-art oil extraction facility in Utah with significant hydrocarbon resources, and a 5,000 barrel-a-day oil refinery in Nevada. These acquisitions enable the Company to manage the process from extraction to refining.
In 2023, the refinery generated over $50 million in revenue. The Company plans to commence production at its fully retrofitted flagship extraction facility in 2025, which is expected to produce up to 2,000 barrels of sustainable oil daily. Management believes this facility will further establish Sky Quarry’s role in the renewable energy sector.
David Sealock, Chairman, CEO, and Co-founder, emphasized the Company’s mission to challenge the status quo in both the energy and waste management industries. “At Sky Quarry, our mission is not only to think differently but to challenge the status quo in not one but two industries – energy and waste management. Today, we’ve built an energy company which we believe is unlike any other, one which provides a simple solution for sustainable energy from a significant waste issue,” Sealock stated.
This investment opportunity is being offered pursuant to Regulation A by Digital Offering, LLC, an SEC-registered broker-dealer, and member of FINRA and SIPC. Investors are encouraged to carefully review the Offering Circular and its related risk factors and exhibits prior to investing.
The capital raised will support the Company’s expansion efforts and its strategic move towards a planned Nasdaq listing. To learn more and join over 7,000 investors already backing Sky Quarry’s sustainable mission, visit their offering page.
