Sky Quarry provides update on digital asset strategy

Sky Quarry (SKYQ) shared an update on its digital asset treasury 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 performance, 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 $100M for allocation towards a digital asset treasury strategy, based on staged investments over time, while keeping adequate working capital for the operating business. 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.