Sky Quarry operates an integrated petroleum refining and resource recovery business consisting of two divisions. The Eagle Springs Refinery, located near Ely, Nevada, processes heavy crude oil feedstock from regional producers into diesel, vacuum gas oil, naphtha, and liquid asphalt products sold under short-term and long-term contracts. The company's development-stage PR Spring facility employs a proprietary, waterless ECOSolv extraction process to recover crude oil and asphalt cement from waste asphalt shingles and bitumen deposits, generating revenue through tipping fees and sales of recovered products to asphalt paving and roofing companies. Sky Quarry's refining division captures margin from the spread between product prices and feedstock costs, while its recycling division targets the substantial waste asphalt shingle market and benefits from growing infrastructure investment and circular economy adoption.