Sky Quarry Advances $50 Million Nevada Oil Development Program

Sky Quarry Inc., an energy infrastructure company focused on domestic refining and resource development, has announced that it is advancing a proposed $50 million Nevada oil exploration and production initiative. The program targets up to $50 million of third-party investment in qualified exploration and production companies, with the goal of accelerating new domestic crude oil resources while providing lower-cost regional feedstock for Sky Quarry's Nevada refining operations.

Under the contemplated structure, investments will be made directly in participating Nevada producers and projects rather than through the issuance of additional Sky Quarry common equity. This approach is designed to support new drilling activity without diluting existing shareholders' stakes.

Sky Quarry expects to assist qualified producers by coordinating access to investment banking, private credit, and institutional capital relationships. The company may also enter into long-term crude oil offtake arrangements with participating producers, potentially providing a committed regional market for successful new drilling.