CFO — Heidi C. Bowman: The filing announces the appointment of an external candidate as Chief Financial Officer, which is a significant management change but not a departure of a sitting executive.

Regulation FD Disclosure. During the period between April 2026 and June 2026, Sky Quarry Inc. (the “Company”), pursuant to its at-the-market equity offering program (the “ATM Program”), successfully sold the full aggregate offering amount of its common stock, par value $0.0001 per share (the “Common Stock”), available under the Company’s prospectus supplement, dated April 22, 2026 (the “Current Prospectus Supplement”), to its effective shelf registration statement on Form S-3 (File No. 333-29…

Marcus Laun: The Board approved a one-time, discretionary cash award to Marcus Laun for his service and leadership.

Entry into a Material Definitive Agreement. On June 29, 2026, Sky Quarry Inc. (the “ Company ”), together with Foreland Refining Corporation, a Texas corporation (“ Foreland ”), and 2020 Resources LLC (“ 2020 Resources ,” and together with the Company and Foreland, the “ Company Parties ”), entered into a Conversion and Exchange Agreement (the “ Exchange Agreement ”) with Libertas Funding LLC, a Connecticut limited liability company (“ Libertas ”), pursuant to which the Company Parties conver…

Termination of a Material Definitive Agreement. The information set forth under

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under

Entry into a Material Definitive Agreement. As previously disclosed, on January 12, 2026, pursuant to an “at-the-market” prospectus (the “ Prospectus ”) contained in Sky Quarry Inc.’s (the “ Company ”) shelf registration statement on Form S-3 (File No. 333-291721) (the “ Registration Statement ”) filed with the U.S. Securities and Exchange Commission (the “ SEC ”) on November 21, 2025, the Company entered into a Sales Agreement (the “ Sales Agreement ”) with Cantor Fitzgerald & Co. (“ Cantor…

hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Forward-Looking Statements This report contains forward-looking statements within the meaning o…

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On March 24, 2026, Sky Quarry Inc. (the “Company”) received a written notification (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that the Staff had determined to delist the Company’s Common Stock, par value $0.0001 (the “Common Stock”), from The Nasdaq Capital Market due to the Company’s continued non-com…

Material Modification to Rights of Security Holders. To the extent required by

Director — Todd Palin, Leo Womack: Mr. Palin and Mr. Womack resigned from the Board of Directors.

Entry into a Material Definitive Agreement. On January 12, 2026, Sky Quarry Inc. (the “ Company ”) entered into a Controlled Equity Offering SM Sales Agreement (the “ Sales Agreement ”) with Cantor Fitzgerald & Co. (the “ Agent ”), pursuant to which the Company, from time to time, may offer and sell shares (the “ ATM Shares ”) of its common stock, par value $0.0001 per share (the “ Common Stock ”), through or to the Agent, acting as principal and/or sales agent, having an aggregate sales pric…

Termination of a Material Definitive Agreement. On January 7, 2026, the Company terminated the purchase agreement (“Agreement”) entered into with Varie Asset Management LLC (“Varie”) on July 9, 2025. The Agreement was terminated without cause pursuant to section 11(c) of the Agreement. Pursuant to the terms of the Agreement, the Company had the ability to require Varie to purchase shares of the Company’s common stock from time to time, subject to certain terms and conditions, in the aggregate…

Unregistered Sales of Equity Securities. On December 11, 2025, the Company issued 699,977 shares of its common stock (“Initial Shares”) to LendSpark Corporation (“LendSpark”) pursuant to the terms of a settlement agreement entered into between the Company and LendSpark on December 1, 2025 (“Settlement Agreement”). The Settlement Agreement settled $491,384.00 due and owing from Foreland Refining Corporation, the Company’s wholly-owned subsidiary, to LendSpark pursuant to the terms of the busin…

Robert Byrne, Alexander Monje and Omar Hussein: Three new independent directors were appointed to the board of directors.

Other Events . In July 2025, the Company’s wholly-owned subsidiary, Foreland Refining Corporation (“Foreland”), commenced an offering of its Series A 10% Redeemable Preferred Stock (“Preferred Stock”) pursuant to Regulation C (“Reg CF Offering”). On October 1, 2025, Foreland completed the sale of 1,182 shares of Preferred Stock for aggregate proceeds to date from the Reg CF Offering of $416,700 from the sale of 4,167 shares of Preferred Stock. Foreland intends to continue to sell shares of it…

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On September 25, 2025, Sky Quarry Inc. (the “Company”) received a written notification from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has been granted an additional 180-day period, or until March 23, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Re…

Director — David Sealock: David Sealock resigned from the board of directors.

Entry into a Material Definitive Agreement. On August 29, 2025, the Company issued a convertible promissory note (“Convertible Note”) in the principal amount of $175,000 to Varie Asset Management LLC (“Varie”). The Convertible Note matures on August 29, 2027, bears an interest rate of 14% per annum and is convertible into shares of the Company’s common stock at anytime at a conversion price of $0.48 per share, subject to adjustment with a floor price of $0.40 per share. A copy of the Converti…

Chief Executive Officer — Mr. Sealock: Mr. Sealock's employment was terminated for cause.

CFO — Darryl Delwo: Darryl Delwo resigned as CFO of the Company.

Entry into a Material Definitive Agreement. On July 24, 2025, Foreland Refining Corporation (“Foreland”), our wholly-owned subsidiary, issued a secured promissory note in the principal amount of $1,000,000 (“Note”) to KF Business Ventures, LP (“KFBV”) a copy of which is attached hereto as Exhibit 99.1. In connection with the issuance of the Note, we issued: (i) five hundred thousand (500,000) shares of our common stock to KFBV, and (ii) warrants to purchase up to 2,000,000 shares of our commo…

Entry into a Material Definitive Agreement. On July 9, 2025, Sky Quarry Inc., a Delaware corporation (the “ Company ”), entered into a purchase agreement (the “ Purchase Agreement ”) and a registration rights agreement (the “ Registration Rights Agreement ”) with Varie Asset Management LLC, a Nevada limited liability company (“ Varie ”), pursuant to which Varie has committed to purchase up to $8.125 million of the Company’s common stock, $0.0001 par value per share (the “ Common Stock ”). Und…

The issuance of these securities is being made in reliance upon an exemption from the registration requirements of Section 5 of the Securities Act of 1933, as amended. 2 Section 9 – Financial Statements and Exhibits.

Unregistered Sales of Equity Securities. On April 3, 2025, the Company issued 1,125,087 shares of its common stock to Allegheny Manufacturing LLC (“Allegheny”) in settlement of outstanding invoices in the aggregate amount of $567,943.66, plus an additional 37,000 shares of its common stock for fees incurred by Allegheny. The shares were issued pursuant to Section 3(a)(10) of the Securities Act. Section 9 – Financial Statements and Exhibits.