Sky Quarry shares jump 110.62% intraday as it negotiates supply increase for Foreland refinery and regional demand rises amid Brent crude surge and California refining cuts.

Sky Quarry surged 110.62% intraday, driven by two key factors: first, on April 2, the company announced it is negotiating with a Nevada crude oil supplier to increase production to secure feedstock for its only operating Foreland refinery. Second, with Brent crude breaking above $110 per barrel on the same day and California’s refining capacity reduced by approximately 290,000 barrels per day, the company’s status as Nevada’s sole refinery, with 5,000 barrels per day of capacity, has become increasingly valuable in the region.