Sky Quarry restarted its Eagle Springs Refinery near Ely, Nevada, after receiving an air permit and completing approximately $300,000 in repairs and upgrades. The return puts the Facility back into operation with stated nameplate capacity of approximately 5,000 barrels of Crude Oil per day, while management seeks to ramp toward full operating potential.

Key Highlights

  • Nevada’s environmental regulator granted the air permit required for Eagle Springs to resume operations.
  • Sky Quarry Inc. is an integrated oil company listed on Nasdaq under the ticker SKYQ.
  • Sky Quarry described Eagle Springs as Nevada’s only crude oil refinery and expects further Supply as operations develop.
  • The company aims to move Eagle Springs toward full operating potential and could process suitable Nevada crude in-state if more supply reaches the market.

Eagle Springs Returns to Operation

Sky Quarry Inc. (NASDAQ: SKYQ) is an integrated oil company. The company expects further supply as operations develop. Sky Quarry described Eagle Springs as Nevada’s only crude oil refinery. The company said its objective is to move the facility toward its full operating potential. Sky Quarry also intends to remain involved as Nevada considers fuel-supply and infrastructure initiatives. The company has supported proposed measures to expand oil exploration and production in the state.

Supply Plans and Other Discussions

The company said Eagle Springs could process suitable Nevada crude in-state if more supply reaches the market.