Sky Quarry shares surge 15.79% after hours as completed Foreland Refinery upgrades boost strategic value and market readiness.

Sky Quarry Inc. (NASDAQ:SKYQ) surged 15.79% in after-hours trading following the announcement of completed high-impact operational upgrades at its Foreland Refinery, a 5,000-barrel-per-day facility in Nevada. The upgrades, including boiler system enhancements, condenser replacements, and process piping repairs, significantly improved the refinery’s reliability, uptime, and throughput capacity. As the only permitted refinery in Nevada, Foreland is strategically positioned to capitalize on tightening regional fuel markets amid infrastructure scarcity and the planned April 2026 shutdown of California’s Benicia refinery. The company emphasized the asset’s $70 million replacement value and its role in supplying critical industries like lithium production, reinforcing its long-term cash-flow potential. The upgrades directly address operational constraints and align with expected summer demand spikes, justifying the post-market rally.