24.SUBSEQUENT EVENTS 

Management performed a review and determined that, except as disclosed elsewhere herein and below, no material events occurred subsequent to June 30, 2026 through the date of the presentation of these financial statements.

On July 6, 2026, the Company issued an aggregate of 49,195 shares of its restricted common stock to Bengt Eriksson for interest due in the amount of $104,293 for the period between July 1, 2025 and December 31, 2025 pursuant to the convertible promissory note dated November 24, 2023 based on the Nasdaq official closing price of the Corporation’s common stock of $2.12 per share on July 6, 2026;

On July 15, 2026, the Board of Directors (the "Board”) of Sky Quarry Inc. (the "Company”), upon the recommendation of the Compensation Committee of the Board, approved a one-time, discretionary cash award in the amount of $100,000 (the "Executive Supplemental Award”) to Marcus Laun, in recognition of his service as the Company’s President, interim Chief Executive Officer and interim Chief Financial Officer and his leadership in guiding the Company through its growth initiatives. The Executive Supplemental Award is a lump-sum cash payment approved by the Board outside of, and in addition to, the Company’s annual incentive compensation program. The Company also paid $175,000 to each of its three independent directors for Board services, and $125,000 to its executive Chairman.