Sky Quarry advances USD 50 million Nevada oil development program backed by third-party capital

Reuters2026/08/05 08:45

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Sky Quarry advanced a proposed Nevada oil exploration and production initiative targeting up to USD 50 million of third-party investment.
Funding would go directly into qualified Nevada producers or projects, avoiding issuance of additional Sky Quarry common equity.
Program targets lower-cost regional crude supply for Nevada refining operations, aiming to lift utilization, margins, cash flow.
Sky Quarry plans to coordinate capital introductions, financing support, potential long-term crude offtake agreements with participating producers.
Next phase covers producer selection, diligence, crude quality and logistics review, preliminary offtake terms, drilling and development schedules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sky Quarry Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608050445ACCESSWRNAPR_____1201671) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sky Quarry advances USD 50 million Nevada oil development program backed by third-party capital

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