Sky Quarry Inc. (NASDAQ: SKYQ) is an oil production, refining, and development-stage environmental remediation company that also reports on digital asset and tokenization initiatives. News about Sky Quarry highlights how the company combines waste asphalt shingle recycling, oil sands remediation, and refined crude products with emerging blockchain-based capital strategies.
Recent press releases describe Sky Quarry’s work to retrofit its PR Spring facility in Utah to recycle waste asphalt shingles using its proprietary ECOSolv technology, as well as ongoing operations at the Foreland (Eagle Springs) Refinery in Nevada. Investors following SKYQ news can read about operational updates, such as the company’s Request for Proposals to commercialize 7 megawatts of installed gas turbine power capacity at PR Spring, and its efforts to develop integrated asphalt shingle recycling facilities.
Sky Quarry’s news flow also covers capital markets and governance developments, including crowdfunding activities at Foreland Refining, preferred stock offerings, settlement of certain debts through equity issuance, and changes to authorized share capital. Board and management updates, such as the appointment of independent directors with experience in AI, real-world asset tokenization, and public markets, are disclosed through company announcements and Form 8-K filings.
Another key theme in SKYQ news is the company’s digital asset treasury and real-world asset tokenization strategy. Releases detail a Memorandum of Understanding and subsequent progress with Continuum Network to explore tokenization of energy-linked commodities, plans for a digital asset treasury, and investor webinars explaining how these tools may interact with Sky Quarry’s physical energy assets. For investors and analysts, the SKYQ news page provides a consolidated view of operational milestones, financing steps, governance actions, and digital asset initiatives as they are publicly reported.
Sky Quarry (SKYQ) signed a non-binding letter of intent with E2 Lab Services & Consulting to evaluate a collaboration at PR Spring.
E2 would support engineering, completion planning, commissioning and initial production at the Utah facility, subject to definitive agreements. The parties target an initial assessment and proposed execution plan within approximately 30 days after E2 receives necessary information and site access. Planned production capacity is approximately 2,000 barrels per day. Sky Quarry plans a retrofit to recover oil from oil sands and waste asphalt shingles, with recovered oil then refined at its Foreland Refinery. A binding transaction depends on diligence, commercial terms, financing, permits and approvals.
Sky Quarry (NASDAQ: SKYQ) has begun refined petroleum production at its Eagle Springs Refinery near Ely, Nevada, following its restart. Operated by wholly owned Foreland Refining, the refinery has nameplate capacity of approximately 5,000 barrels of crude oil per day. Production follows receipt of a Nevada air permit in September and completed repairs and upgrades.
Sky Quarry plans to increase throughput progressively, expand commercial sales and generate operating cash flow. It is also evaluating broader crude sourcing, including potential future integration with its PR Spring operations in Utah. Regional diesel pricing indicated a spread over the referenced crude benchmark of approximately $133 to $136 per barrel on October 21, 2026. That indicator is not Sky Quarry’s actual refining margin, which will depend on its costs, product yields and realized sales prices.
Sky Quarry (Nasdaq: SKYQ) has restarted its Eagle Springs Refinery near Ely, Nevada, after receiving an environmental permit. The refinery, operated by wholly owned Foreland Refining, has capacity of approximately 5,000 barrels per day. Sky Quarry invested approximately $300,000 in repairs and upgrades and holds approximately 15,000 barrels of crude inventory.
A proposed Nevada exploration and production initiative targets up to $50 million of third-party investment directly in producers and projects, rather than issuing SKYQ common equity. Potential crude purchase agreements could connect those producers with the refinery. Sky Quarry is also discussing a potential PR Spring collaboration involving 7-megawatt power generation capacity. The company expects production to ramp up through 2027 and estimates its Utah oil sands lease contains the equivalent of approximately 180 million barrels of oil.
Sky Quarry (NASDAQ: SKYQ) announced that interim CEO Marcus Laun will present at the ThinkEquity Conference on October 15, 2026. His presentation is scheduled for 12:30–1:00 p.m. Eastern Time at the Mandarin Oriental in New York City.
Topics include the restart of the Eagle Springs Refinery in Nevada, with nameplate capacity of approximately 5,000 barrels per day, and the estimated 180-million-barrel PR Spring oil sands resource in Utah, whose associated processing facility is being retrofitted. Laun will also participate in one-on-one investor meetings.
Sky Quarry (NASDAQ: SKYQ) released a CEO interview outlining its Nevada refinery restart and plans to increase production through 2027. The Eagle Springs refinery resumed operations after facility improvements and receipt of the required Nevada air permit.
CEO Marcus Laun outlined plans to ramp Nevada production while advancing the Utah extraction facility toward commercialization, with the objective of having both facilities contribute to revenue. The company expects its Utah oil sands lease to contain the equivalent of approximately 180 million barrels of oil. A recently hired refinery manager will lead Nevada operations, allowing the team to focus on business development and growth opportunities in Utah.
Sky Quarry (SKYQ) has restarted its Eagle Springs Refinery near Ely, Nevada, after receiving a state air permit. The Nevada Division of Environmental Protection issued the permit, and Sky Quarry’s wholly owned subsidiary, Foreland Refining, operates the facility.
Before the restart, Sky Quarry completed approximately $300,000 in repairs and upgrades identified through an assessment commissioned in 2025. Eagle Springs has a stated nameplate capacity of approximately 5,000 barrels of crude oil per day; that is not a reported production rate. The company has approximately 15,000 barrels of crude oil inventory on hand and expects additional supply as operations progress.
Sky Quarry (NASDAQ:SKYQ) announced it is advancing a proposed Nevada oil exploration and production initiative targeting up to $50 million of third-party investment directly into qualified Nevada producers and projects. The contemplated funding structure avoids issuing additional Sky Quarry common equity, aiming to keep the program non-dilutive for existing shareholders.
According to the company, Sky Quarry plans to introduce producers to investment banking, private credit and institutional capital, and may enter into long-term crude oil offtake arrangements, subject to technical, financial and regulatory due diligence. Successful production could potentially supply Sky Quarry’s Nevada refining operations with regional crude, which may lower delivered feedstock costs, support higher refinery utilization and improve operating margins and cash flow. The initiative remains subject to due diligence, financing availability, regulatory requirements and definitive agreements.
Sky Quarry (NASDAQ:SKYQ)/b) highlighted increasing Nevada oil and gas activity that it believes could create new regional crude supply for its Foreland Eagle Springs Refinery near Ely, Nevada. In 1H 2026, the Bureau of Land Management completed two competitive Nevada lease sales totaling about , with all parcels receiving bids, including four parcels acquired by Reanco Enterprises LP.
Two exploration wells – Unionville Royalty Company’s Trap Springs 11-42 in Railroad Valley and Great Basin Operating’s North Diamond Valley Unit 1-A – recently received federal and state drilling approvals. A 2025 USGS assessment estimated about 1.407 billion barrels of undiscovered, technically recoverable oil under Nevada federal lands. Sky Quarry believes locally produced crude, trucked shorter distances to Foreland, could lower delivered feedstock costs, diversify supply, support higher refinery utilization and provide an in-state market for Nevada producers, subject to crude quality, pricing, logistics and definitive agreements.
Sky Quarry (NASDAQ: SKYQ) appointed refinery veteran Ray Hansen as President of wholly owned subsidiary Foreland Refining Corporation.
Hansen will oversee the Eagle Springs refinery near Ely, Nevada and support development of the PR Spring oil sands processing facility in Vernal, Utah.
Sky Quarry (NASDAQ:SKYQ) announced it is entering the production phase at its Foreland Refinery in Ely, Nevada, which it describes as Nevada's only operating refinery. Operations are expected to commence in July, supported by more than 100,000 barrels of storage capacity and about 10,000 barrels of on-site inventory.
The company highlights a shift from infrastructure repair and preparation toward production, customer deliveries, refining margins, and cash flow generation, aiming to maximize utilization, strengthen its balance sheet, and create long-term shareholder value in a fuel-deficient Western U.S. market.