Sky Quarry Enters Into A Non-Binding Letter Of Intent With Southwind RAS To Explore A Strategic Collaboration Aimed At Advancing Asphalt Shingle Recycling In Illinois

WOODS CROSS, Utah, April 10, 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 entered into a non-binding Letter of Intent (LOI) with Southwind RAS, LLC, a long-standing leader in the industry, to explore a strategic collaboration aimed at advancing asphalt shingle recycling in Illinois. The initiative will support Sky Quarry's national expansion strategy and further its waste-to-energy mission.

Under the terms of the LOI, Sky Quarry and Southwind RAS will jointly evaluate the technical and logistical feasibility of implementing Sky Quarry's proprietary recycling technologies at Southwind's nine established facilities in the greater Chicago area. The collaboration will focus on operational modeling, site assessments, and financial structures, with the goal of developing a scalable, modular approach to shingle recycling that creates mutual value and environmental impact.