Nevada air permit secured and facility work completed at Eagle Springs (Form 8-K)

Nevada air permit secured and facility work completed at Eagle Springs

WOODS CROSS, Utah / September 24, 2026 / Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or the "Company"), an energy infrastructure company focused on domestic refining and resource development, today announced that it has received an air permit from the Nevada Division of Environmental Protection and has restarted operations at its Eagle Springs Refinery near Ely, Nevada. The refinery is operated by the Company's wholly owned subsidiary, Foreland Refining Corporation.

In preparation for the restart, Sky Quarry completed approximately $300,000 in repairs and upgrades identified through a TAR360 assessment commissioned in 2025. Eagle Springs has a stated nameplate capacity of approximately 5,000 barrels of crude oil per day. The Company has approximately 15,000 barrels of crude oil inventory on hand and expects additional supply as operations progress.

"Receiving this permit and restarting Nevada's only crude oil refinery is a major step for Sky Quarry," said Marcus Laun, Interim Chief Executive Officer of Sky Quarry. "Nevada has relied on fuel refined elsewhere for too long. Our job now is to ramp Eagle Springs toward its full operating potential and make Nevada-refined products a more meaningful part of the region's supply."

Sky Quarry presented at a Nevada Fuel Resiliency Committee meeting earlier in 2026 and intends to remain engaged as the state considers fuel supply and infrastructure initiatives.

As previously announced, the Company also supports proposed initiatives to expand oil exploration and production in Nevada.

The U.S. Geological Survey estimates that federal lands in Nevada contain approximately 1.4 billion barrels of undiscovered, technically recoverable oil resources. If more Nevada crude comes to market, Eagle Springs could refine suitable barrels in-state and grow with Nevada's oil industry.

Separately, Sky Quarry continues discussions regarding its previously announced farm-in opportunity at PR Spring and potential collaboration involving its 7-megawatt power generation capacity. The Company expects to provide updates as those discussions progress.

About Sky Quarry Inc.

Sky Quarry Inc. is an energy infrastructure company focused on domestic refining and resource development. Through its wholly owned subsidiary, Foreland Refining Corporation, the Company operates the Eagle Springs Refinery near Ely, Nevada, which produces diesel, vacuum gas oil, naphtha and liquid paving asphalt. Sky Quarry is also developing its PR Spring facility in Utah to recover hydrocarbons and other marketable materials from waste asphalt shingles and oil-bearing resources.

For more information, visit Sky Quarry's corporate website at https://skyquarry.com.