Welcome to our dedicated page for Jericho Energy Ventures news (Ticker: JROOF), a resource for investors and traders seeking the latest updates and insights on Jericho Energy Ventures stock.
Jericho Energy Ventures Inc. (JROOF) bridges traditional energy production with cutting-edge hydrogen solutions, offering investors a unique vantage point in the energy transition. This page aggregates official press releases, financial disclosures, and strategic updates directly from the company and verified sources.
Access timely updates on JROOF's oil and gas joint ventures, hydrogen technology breakthroughs, and corporate developments. Track key initiatives like the Dynamic Combustion Chamber boiler system and partnerships with clean energy innovators. Investors gain a consolidated view of operational milestones and financial decisions shaping the company's dual-energy strategy.
Content includes earnings reports, technology licensing announcements, joint venture expansions, and sustainability initiatives. Bookmark this page for streamlined monitoring of JROOF's progress in both conventional energy markets and emerging hydrogen applications. Regular updates ensure stakeholders stay informed on developments impacting long-term value creation.
Jericho Energy Ventures (JROOF) has partnered with AT&T to install fiber optic connectivity with a minimum of 10Gbps at its initial Modular High Performance AI Data Center site in Oklahoma. The infrastructure is designed to scale beyond 100Gbps to meet future demand growth.
This development follows JEV's March 31, 2025 announcement of its innovative Modular Data center venture, which utilizes the company's natural gas assets to power AI-focused computing solutions. The strategic initiative aligns with industry trends, as highlighted in a Wall Street Journal article describing how tech giants are seeking rural locations with access to natural gas for AI operations.
Additionally, JEV has granted 1,000,000 incentive stock options to McKenna & Associates, exercisable at C$0.20 for up to 3 years. The company is also exploring a potential U.S. listing as part of its growth strategy.
Jericho Energy Ventures (JROOF) has appointed Jake Royster as Director of Operations, based in Tulsa, Oklahoma. Royster, with nearly 20 years of experience in the U.S. Mid-Continent energy industry, will oversee power and gas infrastructure for JEV's newly announced AI-focused Modular Data Centers and manage the company's traditional oil and gas JV assets.
His extensive background includes leadership positions at Halliburton, Casillas Petroleum, Trinity Operating, and C&J Energy Services, where he managed completion stages, enhanced drilling efficiency, and led machine learning optimization initiatives.
The appointment follows JEV's March 31, 2025 announcement of its Modular Data Center venture, which aims to utilize natural gas assets for AI computing solutions. The company is positioning itself to meet the growing demand for natural gas-powered, AI-driven data centers across the U.S., aligning with the industry trend of tech companies seeking rural locations with natural gas and transmission line availability.
Jericho Energy Ventures (JROOF) has announced the launch of its Modular Data Center initiative, transforming its natural gas assets into AI computing infrastructure. The company plans to leverage its 40,000-acre productive land in Oklahoma's energy corridor to power these data centers, capitalizing on the current pro-energy regulatory environment.
The initiative will be managed from JEV's Tulsa office, focusing on providing secure, modular computing infrastructure specifically designed for AI applications. The company plans to ensure high availability through redundant power solutions, including potential lower-carbon hydrogen fuel options.
This strategic move aligns with industry trends, as highlighted by a McKinsey & Company report projecting global data center demand to grow 19-22% annually from 2023 to 2030, potentially reaching 171-219 gigawatts. The announcement comes amid increasing global investment in U.S. data centers, exemplified by DAMAC Properties' recent $20 billion investment plan across multiple states.
Jericho Energy Ventures (JROOF) has announced the sale of its minority stake in Supercritical Solutions for US$1.8 million, with 60% of funds already received and the remaining 40% to be completed within 60 days. This strategic move aligns with the company's 2025 initiative to streamline its portfolio and focus on core operating assets.
The company has also granted 3,400,000 incentive stock options to directors and officers, exercisable at C$0.20 for up to 5 years. Additionally, JEV has entered into a digital marketing services agreement with Senergy Communications Capital Inc., commencing April 1, 2025, for an initial two-month period at a fee of up to C$100,000 plus GST.
Jericho Energy Ventures (JROOF) has completed the second and final tranche of its oversubscribed non-brokered private placement financing. The company issued 12,255,000 units at $0.10 per unit in the second tranche, raising gross proceeds of $1,225,500. The total gross proceeds from both tranches amounted to $2,024,500.
Each unit consists of one common share and one share purchase warrant, with each warrant allowing the purchase of one share at $0.20 for a two-year period. Two company insiders participated in the second tranche, acquiring 1,700,000 units. The securities are subject to a four-month hold period ending May 30, 2025. The net proceeds will be used for general working capital purposes.
Jericho Energy Ventures (JROOF) has completed the first tranche of its non-brokered private placement, raising C$799,000 through the issuance of 7,990,000 units at C$0.10 per unit. Each unit includes one common share and one warrant, with warrants exercisable at C$0.20 for two years.
The company paid C$8,680 in finder's fees and issued 86,800 finder's warrants. An insider purchased 1,000,000 units in the financing. All securities are subject to a four-month hold period ending May 16, 2025. A second and final tranche is expected to close soon.
The proceeds will be used for general working capital purposes. The financing remains subject to final TSX Venture Exchange approval.
Jericho Energy Ventures (JROOF) announces that its portfolio company, in partnership with Capella Partners, has been awarded a grant from the Climate Innovation Proof of Concept Grant program at the California NanoSystems Institute (CNSI), UC Santa Barbara. This is Jericho's second H2 portfolio company to receive a California grant in H2 2024.
Additionally, the company has amended its previously announced private placement, repricing the units from CAD$0.12 to $0.10, targeting gross proceeds of up to $2 million. Each unit includes one common share and one warrant exercisable at $0.20 for two years. The financing is expected to close around January 15, 2025, subject to TSX Venture Exchange approval.
Jericho Energy Ventures (JROOF) announces that its subsidiary, Hydrogen Technologies, has been granted a UK patent for its zero-emission hydrogen-oxygen combustion technology. This adds to multiple existing US patents, strengthening their IP portfolio. The company is currently working with manufacturing partners Superior Boiler and Selas Heat Technology to implement their DCC™ boiler technology at a Western US university for campus district heating. The technology aims to decarbonize the $198 billion global district heating market. JEV has announced plans to spinout its hydrogen platform as a separate company.
Jericho Energy Ventures' subsidiary Hydrogen Technologies (HT) has secured $1 million in funding from the U.S. Department of Energy for a California-based project. The Hydrogen Permitting Issues and Improvements (HPII) project, developed with Sandia National Laboratories, GHD, and UC Riverside, aims to address challenges in deploying hydrogen-powered equipment. HT will use its share to engage with users of hydrogen-fueled boilers and permitting authorities. The project focuses on safety analysis and community engagement. Additionally, HT is working with Superior Boiler to deploy its zero-emission hydrogen boiler technology at a Western US university. The company has also arranged a shares for debt transaction to settle $376,071 in interest through issuing 2,892,846 common shares at $0.13.
Jericho Energy Ventures (JROOF) announces participation in European Hydrogen Week, taking place November 18-24 in Brussels, Belgium. CEO Brian Williamson and Hydrogen Technologies' CCO Dean Moretton will attend alongside their European partner, Aurea Holdings.
The event is Europe's largest annual hydrogen-focused gathering, organized through collaboration between Hydrogen Europe, Hydrogen Europe Research, the European Commission, and the Clean Hydrogen Partnership. Interested parties can arrange meetings with company representatives during the conference.
