Sky Quarry Inc. reported that on July 24, 2025, its subsidiary Foreland Refining Corporation issued a $1,000,000 secured promissory note, along with 500,000 shares and warrants for up to 2,000,000 shares at an exercise price of $0.70, to KF Business Ventures. The note matures on November 24, 2025, and bears a 30% annual interest rate.