Sky Quarry Restarts Nevada's Only Crude Oil Refinery After Securing Air Permit
SKYQ has more than doubled off its 52-week low of $1.1 on light trading volume (0.1× avg).
Summary
Sky Quarry restarted its Eagle Springs Refinery after securing a Nevada air permit, completing $300,000 in repairs. The facility has 5,000 barrels per day capacity and 15,000 barrels of crude oil inventory on hand.
Key Events · Product Development and Regulatory · SKYQ
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Refinery Restart After Air Permit
Sky Quarry received an air permit from the Nevada Division of Environmental Protection and restarted operations at its Eagle Springs Refinery near Ely, Nevada — the state's only crude oil refinery.
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Operational Capacity and Inventory
The refinery has a nameplate capacity of approximately 5,000 barrels of crude oil per day, with approximately 15,000 barrels of crude oil inventory on hand and additional supply expected as operations progress.
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Repairs and Upgrades Completed
Sky Quarry completed approximately $300,000 in repairs and upgrades identified through a TAR360 assessment commissioned in 2025 to prepare for the restart.
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Revenue Generation Path
The restart is the first concrete step toward generating revenue for a company that reported zero revenue and a $4.1 million net loss in Q2 2026, with a going concern warning.
Analysis · SKYQ · Energy & Transportation
Sky Quarry has restarted its Eagle Springs Refinery near Ely, Nevada after receiving an air permit from the Nevada Division of Environmental Protection. The restart follows approximately $300,000 in repairs and upgrades, and the facility has a nameplate capacity of 5,000 barrels per day with 15,000 barrels of crude oil inventory on hand. This is a pivotal operational milestone for a company that reported zero revenue and a going concern warning in its most recent 10-Q — the refinery restart is the first concrete step toward generating revenue and addressing its liquidity crisis.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1609 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SKYQ was trading at $3.12 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $22.4M. The 52-week trading range was $1.10 to $19.45. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.