Jericho Energy Ventures Inc Stock Price, News & Analysis

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).

Jericho Energy Ventures (OTCID:JROOF) announced two significant developments: a leadership change and a new AI data center initiative. The company appointed Maggie Zhao as Interim CFO, replacing Ben Holman. Zhao, who has been with Jericho since its inception and served as Corporate Controller since 2017, will ensure continuity in financial leadership.

Additionally, Jericho revealed its first build-to-suit AI data center location, the Morrison Data Center Site (MDC) in Noble County, Oklahoma. The site features substantial infrastructure including 70 miles of gas gathering pipelines, electrical grid access, 12 million gallons of water storage capacity, and fiber connectivity. The location is strategically positioned in Oklahoma's growing AI data center hub, where major tech companies are making significant investments.

Jericho Energy Ventures (OTCID:JROOF) has signed a strategic Memorandum of Understanding with M2 Development Solutions to expand its AI data center portfolio. The partnership integrates M2's gigawatt-scale sites in Ohio (400 acres) and Nevada (3,700 acres) into Jericho's operations.

The sites feature diverse power sources including utility power, natural gas, geothermal (Nevada), and solar power capabilities. This collaboration significantly extends Jericho's presence beyond its Oklahoma base, positioning the company to meet growing AI infrastructure demands across the United States.

Jericho Energy Ventures (JROOF) reports 25% production increase at its Oaktree wells in Oklahoma, with 30-day average production rising to 50.38 BOPD from 40.32 BOPD. The company's asset revitalization program, led by new Operations Director Jake Royster, has achieved 20% reduction in field operating expenses in Q1 2025 compared to Q4 2024. JEV is expanding its return-to-production strategy, focusing on behind-pipe potential and drilled but uncompleted (DUC) wells across its 41,000 net acres in Oklahoma. The company plans to utilize its natural gas resources to power infield AI data centers and has applied for Oklahoma tax rebates for secondary recovery projects. Operations span the Hunton, Mississippi Lime, Woodford Shale, and Anadarko Basin STACK Play formations.