INVEST IN SKY QUARRY

15M+ Tons of Waste Into Profit: Invest Ahead of Our Nasdaq Listing

15M+ tons of annual asphalt shingle waste could generate as much as $4.4B worth of sustainable, marketable materials. Our fully integrated energy solution is tapping into that potential.

Our most recent funding round has closed. Thank you to everyone who invested.

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$600

Min. Investment

$6.00

Share Price

Top Reasons to Invest in Sky Quarry

15M+

Helping to solve the 15M+ ton problem of asphalt shingle waste generated annually.

211%

211% in annual revenue growth as a result of the full year operations at Foreland Refinery.

$22M+

$22M + subscribed from 7,000+ investors. Our last Reg A was in the top 1% of crowdfundings and was oversubscribed.

PROBLEM

Every year, 15M+ tons of recyclable asphalt shingles are dumped into U.S. landfills

Waste asphalt shingles take 300+ years to decompose, leaching harmful toxins into topsoil and surface water as the shingle elements break down. Not only is this an environmental hazard, but it overlooks their potential use in sustainable fuel and other valuable resources – at a time when the U.S. is searching for just that.

A large pile of black tarp on the ground.
SOLUTION

Transforming Waste Into Profitable Returns

Our patented ECOSolv technology enables the recovery of both bitumen and other materials from discarded asphalt shingles and turns them into cost-effective products that can be sold in the market.

OUR SUSTAINABLE BUSINESS MODEL

We Get Paid to Take Waste

One of the most striking aspects of our business model is the collection of "tipping fees", or the amount we're paid to receive feedstock ($45-$120 per ton). These tipping fees are anticipated to offset the majority, if not all, of the costs associated with processing and breaking down the shingles, allowing almost all revenue from product sales to contribute directly to our bottom line.

MARKET OPPORTUNITY

$4.4B Market Opportunity

Every ton of recovered asphalt shingles is expected to be worth about $295 with 15m+ of annual waste; the recycled products could  be sold on the National Infrastructure Products Market for up to $4.4B annually.

A hand holding a glass beaker with a plant growing in it.

New Asphalt Roofing Shingles

Asphalt roofing shingles account for nearly two-thirds of the roofing market, with demand projected to reach $197B by 2032.

Sustainable Aviation Fuels (SAFs)

Market Size: $16.8 billion
With a potential future demand of about $325 million tons of SAF to achieve net zero by 2050 the market for sustainable fuels is expected to grow from $1 billion in 2023 to $16.8 billion by 2030

Carbon Credit Market

Recycling asphalt shingle waste qualifies for valuable carbon credits by significantly reducing greenhouse gas (GHG) emissions.
Carbon Credit Market to reach between $10-25 billion by 2030.

Sustainable Construction Materials

The green building materials market, driven by sustainable resource management, is projected to grow from $111 billion in 2023 to nearly $125 billion by 2033.

How It Works

Our Innovative, Eco-Friendly Technology

We’ve patented a multi-step process and technologies with the power to turn waste into wealth

1

GRIND
Waste asphalt shingles are ground into coarse granular chunks, nails removed.

2

MIX
The ground-up material is then introduced to our solvent, creating a fluid slurry that dissolves the bitumen.

3

EXTRACT
The bitumen and solvent rise to the surface, while the solids sink. The remaining solids are then sorted, cleaned, and prepared for market.

4

DISTILL
Heat is applied to separate the bitumen from the solvent. The bitumen is then stored and the solvent is captured for re-use.
Growth Potential

$50M in Revenue Last Year

We have the potential to expand into markets like sustainable aviation fuels, shingle manufacturers, construction and paving industries, carpet manufacturers, heavy transportation, the carbon credit market, and carbon fiber production. We’ve secured several LOIs for shingle supply and material handling, and we have ongoing informal discussions with numerous shingle manufacturers.

TRACTION

211% In Annual Revenue Growth*

We hit profitability in 2023, and the bulk of our business development activities will kick into high gear once our new extraction facility, PR Spring, is operational in 2025

*Q4 2022 revenue of $16,287,407 reflects post-acquisition figures only, while Foreland's full-year revenue stands at $65,836,151.

Paving the Way for Future Growth

Opportunity ends in
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2025

Retrofit and Commissioning of PR Spring Facility

Anticipated production at PR Springs: ~2,000 barrels per day of heavy oil

Expansion of Feedstock Contracts

Forge partnerships with strategic C&D facilities and shingle manufacturers to expand feedstock contracts
2035

Deployment of Smaller Modular Facilities:

Establish 20 working units to expand operational capacity and revenue streams
Generate immediate revenue through regional sales of reclaimed sand and granules
Supply 400-500K tons of asphalt shingle feedstock to our PR Spring facility
Expected revenue: Up to $5M/year after 2 year payback period of all capital and fixed costs

Our Facilities

Eagle Springs

In October 2022, Sky Quarry purchased Foreland Refining Corporation, which is engaged in the refining of heavy crude oil into diesel and other petroleum products at its Eagle Springs Refinery located near Ely, Nevada. With annual revenues of over $50 million, the acquisition of this refinery is immediately accretive to our revenues and provides a strong base for growth.

Eagle Springs currently processes approximately 480,000 bbls of oil annually and management plans to commission the refinery to process the waste oil from the PR Spring facility, aiming to boost production to one million bbls of sustainable oil per year.

PR Springs

Acquired in 2020, the PR Spring facility is situated on nearly 6,000 acres of land with an estimated resource of approximately 180 million barrels of hydrocarbon resources. Liquid asphalt is the foundation for our waste-asphalt-shingle recycling, processing and blending operations. This acquisition ensures that we can achieve the quality we need to provide top-tier infrastructure products like asphalt- paving oil and diesel fuel.

The retrofitting of the PR Spring facility with our solvent technology is currently underway and is expected to be completed and commissioned in 2025.

team

Meet the Visionaries Behind Sky Quarry

Team Member photo
David Sealock
CEO

Co-founder, Chairman & CEO of Sky Quarry. With over 30 years in the oil and gas industry, he's held CEO and senior management positions in multiple energy companies. Experienced in raising hundreds of millions for project financing and leading teams, executing $1.2B in transactions. BS in Business Management and Registered Engineer with ASET.

Team Member photo
Marcus Laun
EVP of Business Development

Co-founder & EVP of Business Development at Sky Quarry. With 20+ years' experience advising and investing in over fifteen companies, including successful ventures like Nurture Inc. Founder of GrowthCircle.com and Geopulse Exploration Inc. Previously managed syndicates for over $300 million in financing at Knight Capital Group. Holds a BS in Hotel Management from Cornell University and an MBA from Columbia University.

FAQs

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What is your share price?
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What is the minimum investment amount?

$600 or 100 shares

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What kind of shares are you issuing?

Common stock

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How much are you raising?

Up to $20M

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Will the company trade on NASDAQ?

The company has applied to list on NASDAQ and has reserved the symbol “SKYQ” and if approved will trade immediately following the closing of the offering on NASDAQ.**

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Are there higher fees if you invest via credit card vs. ACH?

No, costs are the same, regardless of how you invest.

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Where is the company incorporated?

The company is a Utah corporation.

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Where can I find the company’s SEC filings?

All of Sky Quarry’s regulatory filings, including financial reports, can be found SkyQuarry Reg. A Offering Circular 6.14.24 (02291231).DOCX (sec.gov)

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Why should I invest?

Sky Quarry is a unique opportunity with substantial growth potential, innovative technology, and a sustainable mission. With a proven track record of attracting substantial investment, planning for a Nasdaq listing, and operating in the underserved market of asphalt shingle recycling, Sky Quarry stands out for its environmentally friendly solution that generates high-profit margins. The company's ability to convert waste into valuable commodities addresses a significant environmental issue and offers promises investors the potential for lucrative returns. This blend of innovation, sustainability, and financial attractiveness makes Sky Quarry a compelling choice for those looking to invest in a future where green technology and profitability go hand in hand.

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I am an existing investor.  How can I express my interest in buying shares in the public offering?

You can purchase shares at DealMaker and MYIPO

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How will the company make money?

Sky Quarry makes money through a multi-faceted business model that capitalizes on the recycling of waste asphalt shingles (WAS). Here’s a breakdown of their revenue streams:

  • Tipping Fees: They collect fees from roofing contractors and waste management companies for accepting and processing waste asphalt shingles, turning a cost usually associated with waste disposal into a revenue source.
  • Sale of Recycled Products: After processing the waste shingles, Sky Quarry produces and sells several products.
  • Potential to earn carbon credits
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How do I know people will buy this solution?

Sky Quarry is already generating revenue. The products they make, from asphalt oil to shingle components, are in demand. Plus, they get paid a tipping fee for the WAS.

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How do you plan to use the proceeds from this funding round?

working capital, repayment of debt and capital improvements

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How do I get a return on my investment?

Investing in startups is risky and there is no guarantee you will get a return on your investment. However, an exit opens up the opportunity where you could convert your shares into cash or a more liquid asset. Exits include going public or getting acquired by a larger company. If the value of our company grows, then you have a higher potential of making a profit on your investment during one of these exits. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue.

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What is the goals/plan for the company?

The plan is to build a successful, valuable company creating shareholder value through revenue and earnings growth. Exit opportunities like an acquisition could follow in due course if we are able to demonstrate the value our technology brings to the marketplace.

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What industries are you currently focused on?

We are focused on the upcycling of asphalt shingles.

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When will I receive my shares?

Your shares will be held at the transfer agent on closing in your name.

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What is a transfer agent?

Transfer agents maintain a record of ownership, including contact information, of an issuer’s registered stockholders. After the Common Stock is listed on NASDAQ, you will be able to deposit any shares you purchased with a broker. Until you deposit your shares in a brokerage account, the transfer agent will maintain the record of your ownership. Once you deposit your shares with a broker, the broker will maintain that record.

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Who is Sky Quarry’s transfer agent? / How do I trade my stock?

Your shares will be freely tradeable through the broker of your choice once the company is listed on NASDAQ. The transfer agent is Colonial Stock Transfer Company, Inc – all investors will receive a Welcome Letter directly from Colonial with information on how to access and manage their accounts.

Colonial Stock Transfer Company, Inc.
7840 S 700 E
Sandy, UT 84070
Get Directions
Phone: 801-355-5740
Fax: 801-355-6505

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When will existing shareholders be able to start trading shares purchased during prior Offerings and/or Private Placements?

Please note that the shares issued in the offering would not be subject to a lockup. Additionally, on the first day of trading, we anticipate that you will be able to buy more shares in the open market on most trading platforms such as Robinhood, Fidelity, E-Trade or whatever your favorite broker might be. Once the bankers and the Company have determined that we may proceed with the offering, the Company will complete the offering and public listing process and formally notify NASDAQ. The closing will then occur, and trading will begin the next business day. For shares purchased in private placements, you will need to review the materials to determine what date the shares will be available for resale.

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 I exercised warrants, how do I transfer those shares?

You should have received an account statement from Colonial Stock Transfer Company, Inc – all with information on how to access and manage their accounts. You will need to contact your broker and provide them with the statement provided by Colonial to transfer your shares to you broker.  Only the Broker can make the transfer happen and you must communicate with your broker to transfer.  

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If I buy shares in this offering, can I trade immediately?

If you buy through MYIPO, you will be able to trade the shares immediately through the MYIPO account.

If you purchased your shares online, your shares will be held at the transfer agent in book entry. After the Common Stock is listed on NASDAQ, you will be able to deposit any shares you purchased with a broker. Until you deposit your shares in a brokerage account, the transfer agent will maintain the record of your ownership. Once you deposit your shares with a broker, the broker will maintain that record. The transfer request must originate from your broker. The timing of the transfer varies from broker to broker and the shares may take several days to transfer whereby during such time the trading shares may experience rapid and substantial price volatility, and price decline and you will not be able to trade until your broker receives and clears your shares for trading.

Download our investor brief to see the full opportunity

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