Sky Quarry provides update on partnership with Continuum Network

Sky Quarry (SKYQ) announced progress in its partnership with Continuum Network, accelerating work that began with the signing of a memorandum of understanding in August. Under the collaboration, Sky Quarry and Continuum are working to establish a clear framework for tokenizing energy-linked commodities and developing the digital infrastructure needed to support a modernized treasury model. Since signing the MOU, the parties have advanced both technical and operational workstreams and are preparing to launch the token creation process and functional exchange interface. To ensure regulatory clarity, Sky Quarry will keep equity and token purchases entirely distinct. Investors can continue to purchase shares in Sky Quarry through standard equity transactions, giving them ownership rights in the company. Separately, the company intends to create tokens tied to its oil assets. The company said, “We intend to sell these tokens in separate transactions, and they will be priced based on the current market price of oil. Sky Quarry also plans to use its own token treasury to create working capital by pledging these oil tokens to suppliers as collateral for crude oil purchases at its refinery. We believe that this strategy will allow the Company to leverage assets already on its balance sheet, creating liquidity without diluting our equity holders or incurring additional debt.”