Sky Quarry Advances $50 Million Nevada Oil Development Program to Support Lower-Cost Regional Feedstock

Sky Quarry announced a proposed $50 million initiative to direct third-party capital into Nevada oil producers, aiming to secure lower-cost regional feedstock for its refining operations without issuing equity. The program structure involves Sky Quarry coordinating investment banking and credit relationships for qualified producers, with the company entering into potential long-term crude oil offtake arrangements. Management believes this strategy will reduce transportation expenses and improve refinery margins, leveraging the U.S.

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