Jericho Energy Ventures reports on energy infrastructure initiatives that connect its Oklahoma oil and gas assets with power solutions for AI data center development. Company updates include on-site power generation, grid interconnection, natural-gas supply, subsurface storage concepts and development activity around its Noble County, Oklahoma AI data center campus.
Recurring news also covers legacy oil and gas asset optimization, private placements, board and management appointments, strategic partnerships and financial reporting status. The company’s public updates frame JROOF as an energy innovation issuer focused on the overlap between power infrastructure, natural gas resources and build-to-suit digital infrastructure.
Jericho Energy Ventures (TSXV: JEV) closed a non-brokered private placement with Comstock Holding Companies (Nasdaq: CHCI) for USD $1.5 million via 25,684,932 units at CAD $0.08 each, with warrants exercisable at $0.20 for 24 months.
Proceeds will fund Jericho's planned flagship AI data center campus and energy infrastructure in Oklahoma. Comstock is expected to contribute USD $6 million to a proposed JV and Comstock CEO Chris Clemente is expected to join Jericho's board, all subject to final Exchange approval and other conditions.
Jericho Energy Ventures (TSXV:JEV) entered an LOI with Comstock Holding Companies (Nasdaq:CHCI) dated February 11, 2026, to form a joint venture to acquire and develop land for AI data center campuses in Oklahoma.
Comstock agreed to an initial private placement of USD$1.5 million (25,684,932 Units at CAD$0.08) and is expected to contribute USD$6 million to the JV; closing is subject to TSXV approval and definitive documents.
Jericho Energy Ventures (OTC:JROOF) announced mutual termination of its non-binding LOI with SmartKem on February 2, 2026, with no penalties or disputes. The company said it will refocus capital and management on an independent AI data center energy infrastructure platform in Noble County, Oklahoma.
Jericho highlighted site capabilities including access to two independent 345 kV transmission lines, multiple natural gas supply sources, on-site energy flexibility, and plans for geological subsurface storage to boost resilience against extreme weather and supply disruptions.
Jericho Energy Ventures (OTC:JROOF) announced that a newly constructed 345 kV transmission line crossing its Noble County, Oklahoma AI Data Center Campus plus updated Southwest Power Pool (SPP) grid rules will enable expedited interconnection. The site will have 20 MW of immediately available capacity beginning January 2026 and is described as supported by scalable infrastructure capable of supplying multiple gigawatts of combined grid and natural-gas generation for build-to-suit data centers. The company also noted CEO Brian Williamson will join an investor webcast on Dec 4, 2025.
This update highlights near-term deliverable power and a regulatory pathway the company says could enable large-scale future expansion of data center power at the AI Campus.
Jericho Energy and Smartkem (Nasdaq:SMTK) agreed to a 60-day extension of their non-binding LOI for a proposed all-stock merger, moving Smartkem's investment deadline to December 31, 2025.
If completed, the transaction would create a U.S.-owned, Nasdaq-listed AI infrastructure company combining Jericho's energy platform and Smartkem's organic semiconductor technology. The LOI remains non-binding and the deal requires additional capital, definitive agreements, due diligence, board and stockholder approvals, and Nasdaq continued-listing consent.
Smartkem (Nasdaq: SMTK) and Jericho Energy Ventures extended a non-binding Letter of Intent for a proposed all-stock merger on Nov 20, 2025, adding a 60-day extension and setting Smartkem's investment deadline at Dec 31, 2025.
If completed, the transaction would create a Nasdaq-listed, U.S.-owned AI infrastructure company combining Smartkem's organic semiconductor materials with Jericho's energy platform to support AI data centers. The LOI remains non-binding and the deal requires additional capital, definitive agreement, due diligence, board and stockholder approvals, and Nasdaq continued-listing approval.
Jericho Energy Ventures (OTC:JROOF) announced it will participate with partner Infracore at AI Infra Summit 4 on November 7, 2025 in San Francisco.
The company highlighted its inaugural build-to-suit AI data center site, the Morrison Data Center (MDC), located on Jericho's energy asset infrastructure in Noble County, Oklahoma. MDC features existing infrastructure including 70 miles of gas gathering pipelines and rights-of-way, grid power and 345Kv transmission lines, on-site water storage (10 million gallons) plus 2 million gallons via pipeline, and multiple backbone fiber sources.
Jericho described MDC as positioned between Oklahoma City and Tulsa and suitable for AI data center clients expanding in the U.S. Midcontinent.
Jericho Energy Ventures (OTC:JROOF) issued a clarification on October 8, 2025 that it executed a non-binding Letter of Intent (LOI) with Smartkem to explore a potential business combination.
The LOI is strictly non-binding: no definitive agreement has been signed, there has been no change in control, management, board, or asset transfers, and Jericho continues core oil and gas and energy‑infrastructure operations in Oklahoma.
Jericho affirmed it remains in full compliance with TSX Venture Exchange listing requirements and said that if an amalgamation proceeds the combined entity would list on NASDAQ and Jericho would delist from TSX‑V, but there is no assurance any transaction will be completed.
Jericho Energy Ventures (OTC:JROOF) and Smartkem (Nasdaq:SMTK) signed a non-binding Letter of Intent dated October 6, 2025 for a proposed all-stock business combination to create a U.S.-owned AI infrastructure company.
The LOI contemplates Smartkem surviving as the Nasdaq-listed Combined Company, with Jericho shareholders owning 65% and Smartkem shareholders 35% on a fully diluted basis, subject to adjustment. Key commercial items include vertical integration of energy and organic semiconductor tech, a 60-day exclusivity to negotiate, contingent capital milestones including a $5.0M fundraising trigger, and stock purchases of at least $500k.
Smartkem (Nasdaq: SMTK) signed a non-binding Letter of Intent on Oct 7, 2025 for a proposed all-stock business combination with Jericho Energy Ventures (JEV) to form a U.S.-owned AI infrastructure company. The LOI contemplates Smartkem as the surviving Nasdaq-listed entity, with Jericho stockholders owning 65% and Smartkem stockholders 35% of the combined company on a fully diluted basis. Brian Williamson would become CEO and the board would be reconstituted with a Jericho majority. The LOI is non-binding, subject to due diligence, capital raises, stockholder and Nasdaq approvals, and includes a 60-day exclusivity and conditional treasury purchases tied to fundraising thresholds ($500k–$1M cap and $5M aggregate proceeds trigger).