SKYQ News & Events

Sky Quarry announced an update on its Nevada refinery operations provided by the Company's Interim Chief Executive Officer, Marcus Laun. "As Sky Quarry approaches the commencement of refinery operations at Foreland Refinery in Ely, Nevada, in my role as the Interim Chief Executive Officer of Sky Quarry, I wanted to provide an update on our progress and discuss the next phase of Sky Quarry's development... While energy markets often focus on fluctuations in crude oil prices, the more important long-term trend, in my opinion, is the continued reduction of refining capacity across the Western United States," provided Mr. Laun. "As refining capacity exits the market and regional demand for transportation fuels remains resilient, strategically located refining infrastructure is expected to become increasingly valuable."

Sky Quarry announced that it is launching a crude oil drilling and production initiative in Nevada's Railroad Valley and that it intends to refine that crude at its Foreland Refinery, the only operating refinery in Nevada. "At its peak, Railroad Valley wells produced roughly 5,000 barrels per day, and we believe more wells with that kind of productivity are still possible," said Marcus Laun, Chief Executive Officer of Sky Quarry. "More production would strengthen Nevada's energy infrastructure and increase the amount of locally produced crude available for refining in-state. That is the opportunity we are pursuing."

Sky Quarry highlighted its participation in ongoing discussions shaping Nevada's fuel supply strategy within the broader U.S. energy security landscape at a meeting of the Nevada Fuel Resiliency Committee held on April 30, 2026. The Committee, formed by Nevada Governor Joe Lombardo in response to fuel supply disruptions and Nevada's declaration of a limited state of emergency, is focused on critical vulnerabilities in fuel logistics, refining capacity, and regional energy independence. The Company's management views the Committee as Nevada's response to a compounding series of energy emergencies necessitating coordinated action at both the state and federal levels. Nevada and the broader Western United States remain heavily dependent on imported refined fuels, a dynamic that is causing increasing pressure amid refinery closures and constraints on infrastructure expansion. Sky Quarry CEO Marcus Laun attended the Committee's April 30, 2026, meeting, where state leaders, regulators, and industry participants discussed the fuel supply shortage, which is increasingly being viewed as a structural issue rather than a temporary disruption. "This is no longer a single-point failure scenario. It is part of a broader energy security challenge," said Laun. "Nevada's response reflects a growing recognition that local fuel production and refining capacity are essential."

Sky Quarry announced the execution of a Memorandum of Understanding with Southern Energy Renewables, a U.S.-based developer of carbon-negative fuels and large-scale biomass-to-sustainable aviation fuel platforms, and DevvStream Corp., a technology-driven environmental markets and carbon management company. The MOU establishes a strategic collaboration focused on fuel innovation, refinery integration, and low-carbon fuel development, including opportunities involving recycled hydrocarbons, specialty fuels, SAF, and related fuel applications. The MOU has an initial term of three years and reflects the parties' intent to collaborate on a long-term basis across multiple projects, fuel markets, and geographies. The MOU is non-binding, except for certain customary provisions.