Diligence memo · auto-generated · as of July 2, 2026
Sky Quarry Inc.
Sky Quarry Inc. looks over-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Sky Quarry Inc. operates in Other Energy, based in Woods Cross.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sky Quarry Inc. has raised $12M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $12M on 2023-09-21.
Most recent recorded round closed around 2023-09-21.
Valuation (modeled)modeled
Provath models Sky Quarry Inc. at approximately $57M (range $16M–$147M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.68× the median modeled value of Series A Other Energy companies in 2022–2024 (105 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 2.8 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
Comparablesmixed
Capital scale ranks ahead of 72% of Other Energy peers (2049 compared).
Modeled value ranks above 75% of those peers.
Closest niche peers: Versogen, Inc., Juhl Clean Energy Assets, Inc., UtilityAPI, Inc., Premier Uranium, Inc., Controlled Thermal Resources Holdings Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.