Sky Quarry Inc.

Sky Quarry Inc. reported a significant decline in net sales to $383 for Q1 2026, down from $6.33 million in Q1 2025, while reducing its net loss to $(2.32) million from $(3.33) million year-over-year. The company faces a going concern uncertainty due to an accumulated deficit of $38.49 million and negative operating cash flows. Additionally, a lawsuit was filed by KF Business Ventures, LP seeking repayment of approximately $2.2 million in principal under promissory notes.

Sky Quarry Inc. announced an amendment to its "at-the-market" (ATM) sales agreement, replacing Cantor Fitzgerald & Co. with Muriel Siebert & Co., LLC as the principal and/or sole designated sales agent. The A&R Sales Agreement maintains the original terms and conditions, with Siebert earning a 3.0% commission on gross proceeds from common stock sales. The company retains the flexibility to suspend or terminate the ATM program at any time.

Sky Quarry Inc. entered into an exclusivity agreement in March 2026 to evaluate a potential acquisition of digital infrastructure assets. Discussions with the counterparty are ongoing, but no definitive terms have been agreed upon, and no definitive agreement has been executed. The counterparty is also permitted to consider alternative parties for the potential transaction.