Business

Sky Quarry Signs LOI with R & R Solutions to Explore Expansion of Southwest Operations and Accelerate Market Deployment

“Creating an Attractive Entry Point to Advance Commercialization and Strengthen its National Scale-up Efforts.”WOODS CROSS, Utah, May 08, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced that it has signed a non-binding Letter of Intent (LOI) with R & R Solutions Inc., the only permitted asphalt shingle recycler in New Mexico. T

articleSky Quarry Inc.May 8, 20254/company/sky-quarry-inc/news/sky-quarry-signs-loi-r-114500983
Sky Quarry Signs LOI with R & R Solutions to Explore Expansion of Southwest Operations and Accelerate Market Deployment

About this update from Sky Quarry Inc.

[{"type":"image","alt":"Sky Quarry Inc","displaySize":"","headline":null,"caption":"Sky Quarry Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":282,"url":"https://media.zenfs.com/en/globenewswire.com/613d5ee19c36849f2e570933215c61b0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/O5Uy92WGlTeYvABqbfxS2w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM5NTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/613d5ee19c36849f2e570933215c61b0","width":300,"height":282}},"lazy":false},{"type":"text","content":"“Creating an Attractive Entry Point to Advance Commercialization and Strengthen its National Scale-up Efforts.”","length":111,"tagName":"p"},{"type":"text","content":"WOODS CROSS, Utah, May 08, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced that it has signed a non-binding Letter of Intent (LOI) with R & R Solutions Inc., the only permitted asphalt shingle recycler in New Mexico. The LOI represents a strategic step in Sky Quarry’s plan to expand its national network of modular waste-to-energy facilities and unlock new revenue opportunities in the Southwest.","length":592,"tagName":"p"},{"type":"text","content":"The proposed partnership will focus on planning the deployment of Sky Quarry’s proprietary equipment, mechanical processes, and intellectual property (IP) at R & R Solutions’ existing permitted site in Albuquerque, New Mexico. If implemented, the proposed project will support the production of high-value byproducts, including asphalt-coated limestone, sand, granules, bitumen, and structural-grade ground shingles for use in roofing, road repair, sealants, and other infrastructure applications.","length":501,"tagName":"p"},{"type":"text","content":"As part of Sky Quarry’s differentiated business model, the Company expects to generate revenue both from accepting asphalt shingle waste and from selling the recovered byproducts. At the proposed New Mexico site, Sky Quarry estimates that approximately 100,000 tons of asphalt shingle waste could be processed per year and believes that this could generate substantial annual revenue from collection fees and the sale of recycled materials such as granules and sand. The Company...

More updates from Sky Quarry Inc.

Sky QuarrySky Quarry Inc.asphalt shingleThe CompanyCompanyR & R SolutionsSky Quarry IncLOINew MexicoAlbuquerque, New Mexico