SKYQ · Sky Quarry Inc.

Sky Quarry Inc. amended its existing at-the-market equity offering program by entering into an Amended and Restated Sales Agreement dated April 22, 2026, with Muriel Siebert & Co., LLC, fully replacing Cantor Fitzgerald & Co. as the sales agent. This change maintains the core structure of the original January 12, 2026 Sales Agreement while expanding the program's capacity. A key update is the increase in the aggregate offering price from $4.7 million to $12.6 million, achieved through a new prospectus supplement filed on the same date under the effective Form S-3 Registration Statement (File No. 333-291721). The Agent will earn a 3.0% commission on gross sales proceeds, using commercially reasonable efforts consistent with normal practices to execute sales based on Company instructions. Shares are issued as common stock (par value $0.0001) in at-the-market offerings under Rule 415, with flexibility for suspension or termination at the Company's discretion. The filing includes Exhibit 1.1 (the A&R Sales Agreement), Exhibit 5.1 (legal opinion from Winston & Strawn LLP confirming validity of share issuance), and Exhibit 23.1 (consent). This expansion provides Sky Quarry greater flexibility to raise capital opportunistically through equity sales without immediate dilution commitment.