Sky Quarry (SKYQ) Soars 20.8% on Foreland Refinery Update

Sky Quarry Inc. (NASDAQ:SKYQ is one of the 10 Stocks Investors Are Chasing Right Now.

Sky Quarry extended its winning streak to a 4th consecutive day on Monday, surging 20.83 percent to end at $3.48 apiece, as investors resumed buying positions amid the rosy growth prospects for its Foreland Refinery in Nevada.

This followed the completion of a series of operational upgrades at the site, including major boiler system upgrades, vacuum unit condenser replacements, critical process piping replacements, tank system repairs, and restoration of the water and oil separation system, which are critical to the enhancement of its reliability, uptime, and operational readiness.

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The Foreland Refinery operates as the only permitted refinery in the state of Nevada and a critical supplier of critical fuel, including precious metals mining and lithium production. It is capable of delivering 5,000 barrels of critical fuel per day.

Following the completion of the upgrades, Sky Quarry Inc. (NASDAQ:SKYQ) said that it is now positioned to capture outsized value from tightening regional fuel markets, expand operating leverage, and convert a scarce refining asset into meaningful, durable cash-flow potential for shareholders.

“As the only active refinery in Nevada, the work completed at Foreland strengthens the asset to support regional demand when market conditions require it,” Sky Quarry Inc. (NASDAQ:SKYQ) CEO Marcus Laun said.

“With shifting supply dynamics across California, Nevada, and Utah, including the Benicia refinery in California scheduled to come offline in April 2026, current market indicators point to high demand this summer season. We believe Foreland is well positioned to respond,” he said.

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