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Sky Quarry signs LOI to help BioForce Nanosciences seek $25M for Nevada oil exploration.

Company Fundamentals
11 Nov 2026, 14:45 WIB
GlobeNewsWire
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Bullish
Sky Quarry signs LOI to help BioForce Nanosciences seek $25M for Nevada oil exploration.

Sky Quarry Inc. signed a non-binding letter of intent to introduce BioForce Nanosciences to potential financiers for its Nevada oil exploration program, which seeks about $25 million in funding. This move is part of Sky Quarry's broader Nevada Oil Development Program aiming to attract up to $50 million in third-party investments for local oil projects. BioForce holds nearly 20,000 acres of federal leases in Nevada with significant prospective oil resources, which could supply crude to Sky Quarry's Eagle Springs Refinery if commercial production is achieved. The agreement is non-exclusive, with BioForce retaining full control over financing decisions and sales of production.

Sky Quarry's recent financing efforts provide context for energy sector activity on Pluang. For readers following energy stocks, here is Pluang's market snapshot as of Nov 11, 2026 18:41 WIB: Among 79 priced US energy stocks, 57 rose and 11 fell. Notable movers include Solaris Energy Infrastructure Inc. (SEI) at USD 65.05 with a 5.14% increase and a typical hold time of 7 days, Energy Fuels Inc. (UUUU) at USD 7.02 up 4.15% with 100% buy order activity, and Ultrapar Participacoes S.A. (UGP) at USD 5.54 up 2.78% with 100% buy order activity.

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