RB Residential signs LOI with Sky Quarry

RB Residential announced the signing of a Letter of Intent, or LOI, with Sky Quarry (SKYQ). This strategic alliance aims to propel sustainable practices within the roofing industry. This pivotal LOI marks the commencement of a collaboration that targets integrating eco-friendly solutions into roofing services. RB Residential and Sky Quarry are dedicated to environmental stewardship, supporting communities, and enhancing service quality through innovative solutions. Sky Quarry has pioneered innovative methods for reclaiming and repurposing waste asphalt shingles into valuable, eco-friendly commercial products. Through this partnership, RB Residential will incorporate sustainable materials sourced from Sky Quarry, thereby reducing waste and championing the use of environmentally friendly products in their roofing projects. The LOI is non-binding upon the parties and sets forth an initial framework whereby Sky Quarry would seek to acquire the Company, subject to negotiation as to the structure and consideration to be paid, continued due diligence and stockholder approval.