Sky Quarry Inks Non-Binding Letter Of Intent With E2 Lab Services & Consulting To Explore, Discuss Partnership Regarding Completion, Commissioning, Operational Readiness Of Its PR Spring Site In Utah

Sky Quarry Inc. (NASDAQ:SKYQ) ("Sky Quarry" or the "Company"), an energy infrastructure company focused on domestic refining and resource development, today announced that it has signed a non-binding letter of intent ("LOI") with E2 Lab Services & Consulting LLC ("E2") to evaluate and negotiate a potential strategic collaboration relating to the completion, commissioning and operational readiness of Sky Quarry’s PR Spring facility in Utah.

Under the proposed collaboration, which remains subject to definitive agreements, E2 would provide engineers, technical specialists and operational personnel to assist Sky Quarry’s team in reviewing PR Spring’s existing infrastructure and installed equipment, preparing a prioritized engineering and completion plan, developing production workflows and operating procedures, and supporting commissioning and the initial production ramp. The parties’ non-binding target is to deliver an initial assessment and proposed execution plan within approximately 30 days after E2 receives the necessary information and site access.