Sky Quarry shares jump 50.20% intraday as it negotiates increased crude production with Nevada suppliers and regional refining value rises amid California capacity cuts.

Sky Quarry surged 50.20% intraday, driven by two key factors: first, on April 2, the company announced it is negotiating with Nevada crude oil suppliers to increase production to ensure feedstock supply for its sole operating Foreland refinery. Second, on the same date, Brent crude surpassed $110 per barrel, while California's refining capacity declined by approximately 290,000 barrels per day. As Nevada's only refinery with a capacity of 5,000 barrels per day, the company's regional value has become more prominent.