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Petroteq Energy Inc., through its affiliated entities, conducts oil sands extraction and processing operations within the United States. The company possesses entitlements for the exploration, recovery, and production of crude oil, as well as associated hydrocarbons and minerals, from oil sands rich in heavy oil and bitumen. These entitlements span approximately 1,671.91 acres situated in Utah's Asphalt Ridge region, encompassing 320 acres from the TMC Mineral Lease and an additional 1,351.91 acres from three Temple Mountain State of Utah's School and Institutional Trust Land Administration agreements.