Sky Quarry's Big Turning Point: CEO Marcus Laun Outlines the Next Phase for N A S D A Q: SKYQ
Oct 6, 2026
WOOD CROSS, Utah - Oct. 6, 2026 - PRLog -- Sky Quarry Inc. (N A S D A Q: SKYQ) $SKYQ is giving investors a much clearer look at what management believes could be the company's next chapter. In today's highly anticipated SmallCapVoice interview, CEO Marcus Laun discusses the company's recently restarted Eagle Springs Refinery in Nevada, its broader domestic-energy strategy, Utah development opportunities and the path toward increased production in 2027. The interview is particularly timely because Sky Quarry has moved from preparing its Nevada asset for restart to actually operating the facility.
The company's October 5 announcement describes the interview as a discussion of the refinery restart, growth initiatives, operational milestones and plans to bring both Nevada and Utah assets into meaningful production.
Watch the full Sky Quarry CEO interview on YouTube
"We Are in the Final Stages of a Turnaround"
One of the most attention-grabbing statements from today's announcement comes directly from Laun:
"We are in the final stages of a turnaround."
According to the company's October 5 release, Laun says Sky Quarry now has working capital, an operating refinery and a clear strategy for growth.
That framing is important for investors watching SKYQ because the company's story has increasingly shifted from an asset-development narrative toward an operational-growth story.
The company's own October 5 investor communication highlights the same progression, emphasizing that Sky Quarry has an operating refinery while its Utah operations advance toward commercialization. SKYQ Mailer Updated on October …
The Eagle Springs Restart Is the Centerpiece
The biggest operational milestone remains the restart of the Eagle Springs Refinery near Ely, Nevada, operated by wholly owned subsidiary Foreland Refining Corporation.
Sky Quarry received the required air permit from the Nevada Division of Environmental Protection and completed approximately $300,000 in repairs and upgrades identified through a TAR360 assessment commissioned in 2025. The refinery has a stated nameplate capacity of approximately 5,000 barrels of crude oil per day, with approximately 15,000 barrels of crude inventory already on hand when the restart was announced.
The company's October 5 materials reinforce those figures and position the refinery restart as the foundation for its next stage of growth. SKYQ Mailer Updated on October …
For investors, the important distinction is that 5,000 barrels per day is stated nameplate capacity—not a claim that Sky Quarry is already producing at that rate. The opportunity now centers on how effectively management can ramp operations.
Several pieces of the SKYQ story are now moving simultaneously:
- Eagle Springs has restarted operations following permitting and facility work.
- 5,000 barrels per day represents the refinery's stated nameplate potential.
- Approximately 15,000 barrels of crude inventory were on hand at the restart.
- Sky Quarry is pursuing a proposed up to $50 million Nevada oil-development initiative.
- Management is advancing its Utah assets toward commercialization.
- The company expects production to continue ramping through 2027, according to today's interview release. GlobeNewswire
The $50 Million Initiative Could Be a Major Piece of the Strategy
Another element that deserves investor attention is Sky Quarry's proposed $50 million Nevada oil exploration and production initiative.
According to the company, the contemplated structure would direct third-party investment into qualified Nevada producers and projects rather than issuing additional SKYQ common equity. The objective is to encourage additional domestic oil production while potentially giving Foreland access to more regional crude feedstock. SKYQ Mailer Updated on October …
That could create an interesting strategic connection between Sky Quarry's upstream ambitions and its refining operations.
More Nevada-produced crude could potentially mean shorter transportation distances, a broader regional supplier base and greater flexibility for the refinery. Of course, successful drilling, crude quality, economics and commercially favorable offtake arrangements remain critical variables.
Nevada's Oil Potential Adds Another Layer
Sky Quarry is also watching increasing oil exploration activity across Nevada.
The company's October materials point to two 2026 Bureau of Land Management competitive oil and gas lease sales covering approximately 30,168 acres, while citing a 2025 U.S. Geological Survey assessment estimating approximately 1.407 billion barrels of undiscovered, technically recoverable oil resources on federal lands in Nevada. SKYQ Mailer Updated in October …
That resource estimate belongs to Nevada as a whole—it should not be interpreted as Sky Quarry's reserves. But it helps explain why management sees potential value in developing a more regional crude supply ecosystem around Foreland.
Utah Could Become the Next Major Catalyst
The interview also brings attention back to Sky Quarry's Utah assets.
Management says its Utah oil-sands lease and extraction facility represent a significant future production opportunity, with the company describing the resource as equivalent to approximately 180 million barrels of oil. Sky Quarry's PR Spring project is being positioned as a longer-term commercialization opportunity alongside the Nevada refinery.
The company has also continued discussions surrounding its previously announced PR Spring farm-in opportunity and potential collaboration involving approximately 7 megawatts of power-generation capacity.
This creates an increasingly interesting two-part story: Nevada provides the near-term refining opportunity, while Utah represents a potentially larger future development opportunity.
A More Complete Energy Platform
Sky Quarry's business model is broader than conventional refining.
Through Foreland, the company produces diesel, vacuum gas oil, naphtha and liquid paving asphalt. At the same time, Sky Quarry is developing technology and facilities aimed at recovering hydrocarbons and other marketable materials from waste asphalt shingles and oil-bearing resources. Its proprietary ECOSolv technology is designed around diverting waste from landfills, reducing emissions and pursuing a waste-to-energy model. SKYQ Mailer Updated on October …
That combination gives SKYQ an unusual profile for a small-cap energy company: refining infrastructure, domestic-resource development and a waste-to-energy component.
What Investors Will Be Watching Next
Today's interview arguably shifts the most important question for SKYQ from "Can the refinery restart?" to "How quickly can Sky Quarry scale what it has restarted?"
The company has already cleared several significant hurdles. The air permit has been secured. Facility work has been completed. Operations have restarted. Management has articulated a 2027 production ramp and is simultaneously pursuing additional crude supply and Utah commercialization.
But the headline development today is undeniably operational.
Sky Quarry $SKYQ is no longer simply talking about restarting Eagle Springs. The refinery has restarted—and management is now talking about scaling it.
For investors following N A S D A Q: SKYQ, that makes today's SmallCapVoice interview particularly interesting. The next phase of the Sky Quarry story appears increasingly focused on production, utilization, regional crude supply and commercialization, with management attempting to turn a collection of energy and environmental assets into a more integrated operating platform.
Sky Quarry Inc. (NAS DAQ: SKYQ) was incorporated in Delaware in 2020 and describes its mission as combining sustainable energy practices with refining, resource development and its ECOSolv waste-to-energy technology.
For more information on SKYQ visit: https://skyquarry.com
Media Contact
Company Name: Sky Quarry Inc. (N A S D A Q: SKYQ)
Contact Person: Marcus Laun, CEO
Email: [email protected] or [email protected]
Phone: (424) 394-1090
Country: United States
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