1. NATURE OF OPERATIONS	6 Months Ended
Jun. 30, 2026
Notes
1. NATURE OF OPERATIONS	`1.`NATURE OF OPERATIONS Sky Quarry, Inc. and its subsidiaries (“Sky Quarry”, “SQI” or the “Company”) is a domestic refining and resource development company. Through its Foreland Refinery Corp wholly owned subsidiary located near Ely, Nevada, the Company operates the only licensed permitted crude oil refinery in that state servicing the crude oil supply in the Uintah basin. For over 25 years, the refinery has produced diesel, vacuum gas oil (VGO), naphtha and asphalt for adjacent regional markets in the United States. Recent refinery shutdowns in California have highlighted fuel resiliency needs for this area which we intend to support and supply. Sky Quarry’s second wholly owned subsidiary known as 2020 Resources, LLC owns a development stage facility known as PR Springs near Vernal, Utah representing an opportunity to monetize further resources in the area for growth. For more information, visit www.skyquarry.com.

The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).

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