Sky Quarry Announces Digital Asset Treasury Strategy Focused on Real-World Tokenization and Future Growth

A disciplined digital treasury paired with operating assets to advance real-world tokenization

WOODS CROSS, Utah , Sept. 30, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to transforming the waste asphalt shingle recycling industry, today shared an update on its digital asset treasury (DAT) strategy. The plan is designed to strengthen the Company’s balance sheet and advance the eventual tokenization of its real-world assets to drive business growth.

Over the past several months, Sky Quarry has been studying the evolution of digital asset markets and meeting with a wide range of investors and advisors. The Company’s research shows that while the first wave of digital treasury adoption focused on “speculative wrappers” and attracted investors fixated on trading performance¹, premiums to net asset value and fundraising announcements, the Company believes future share appreciation will come from creative use of the assets entrusted to it to generate outsized yield.

The Company believes that the future investors in DATs will demand something more: digital strategies that directly support operating businesses and create measurable value for shareholders. To that end, Sky Quarry’s Board has authorized management to seek capital of up to $100 million for allocation towards a digital asset treasury strategy, based on staged investments over time, while keeping adequate working capital for the operating business.

“Currently, we are experiencing a natural evolution in the market, and the Company is excited about how a digital treasury can actually help support our current business. I believe this is a way to increase working capital and stability on the balance sheet,” said Marcus Laun, President and Interim Chief Executive Officer of Sky Quarry. Mr. Laun continued, “We’re not building a treasury strategy for the headlines — we’re building a treasury strategy that we believe unlocks the value of our core business and its assets. Improved working capital, lower operating costs, and developing digital tools we can eventually collaborate with other industry players could be a benefit to the Company. We believe this approach puts us ahead of the curve.”

As Sky Quarry has evaluated digital asset strategies, a few priorities have become clear:

• Governance and alignment. Protecting shareholders by avoiding unnecessary dilution or structures that don’t fit their interests.
• Putting tokenization to work. Using digital tools where they improve the ability to transact with real economic physical assets, financing, cash flow, and asset-backed instruments that cut costs and boost transparency.
• The right partners. Pairing the Company’s operating footprint with capital partners who understand the long-term opportunity.

Why It Matters
Taken together, these priorities position Sky Quarry to be an early mover as digital asset strategies mature. Management believes that the next wave of adoption will see crypto on the balance sheets of hundreds of public companies. The winners will be those who use digital treasuries not as a siloed business, but to cross-pollinate with the legacy businesses that are operating.

For Sky Quarry, tokenization could eventually allow the Company to use digital tokens as collateral with suppliers, easing cash burdens, or to record transactions on-chain to reduce accounting and audit costs. These tools create both immediate efficiencies and long-term opportunities.

Next Steps
Sky Quarry will continue discussions with selected partners and expects to provide updates as definitive agreements or tokenization initiatives reach material milestones. There is no assurance that any particular transaction will be completed, and timing and terms remain subject to market conditions, regulatory review, and Board approval.

About Sky Quarry Inc.

Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

Forward-Looking Statements

This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025, as well as the Company’s Form 10-Q as filed with the SEC on May 15, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.

Investor Relations
Jennifer Standley
Director of Investor Relations
Ir@skyquarry.com

Company Website
www.skyquarry.com

¹ https://www.syncracy.io/writing/programmable-money-and-dats