Sky Quarry (NASDAQ: SKYQ) opened more than 50% higher on April 13th after high-level ceasefire negotiations between the US and Iran collapsed without an agreement. The stock's dramatic surge was fueled by the immediate US Navy announcement of a blockade on all Iranian ports, sending global oil prices past the $100-per-barrel mark.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Marcus Laun CEO | NASDAQ (CM) Exchange | 83087C303 CUSIP |
| US Country | 26 Employees | - Last Dividend | 16 Mar 2026 Last Split | - IPO Date |
Sky Quarry Inc. is a versatile enterprise with a focus on oil production, refining, and environmental remediation. Initially known as Recoteq Inc., the company underwent a rebranding in April 2020 to become Sky Quarry Inc., reflecting its broadened scope and commitment to innovative environmental solutions. Established in 2019 and based in Woods Cross, Utah, the company has carved out a niche in recycling waste asphalt shingles and remediating oil-saturated lands. Its operations are geared towards creating sustainable processes in the oil industry and contributing to environmental conservation.
Sky Quarry Inc. offers services to recycle waste asphalt shingles. This process not only contributes to reducing landfill waste but also supports the creation of new, eco-friendly building materials. By repurposing this material, the company aids in the conservation of natural resources and offers a sustainable alternative to disposal.
The company employs specialized techniques to clean up and restore lands contaminated with oil. This service is vital for the environment as it helps in reducing pollution and rehabilitating lands that have been affected by oil spills or leaks. Through these efforts, Sky Quarry Inc. contributes to making land usable again, preventing further environmental degradation.
Sky Quarry Inc. is engaged in the refining of heavy oil to produce diesel and various other petroleum products. This process is integral to meeting the demand for refined oil products while ensuring that heavy crude oil is processed in an efficient and environmentally responsible manner.
The company is also involved in the exploration and development of oil sand properties. This operation focuses on extracting oil from sands, a practice that requires innovative solutions to minimize environmental impact while harnessing essential resources. Sky Quarry Inc. is dedicated to exploring sustainable methods in this area to contribute to the energy sector without compromising ecological integrity.