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. (OTC: JROOF) generates news centered on the intersection of energy assets and AI infrastructure. The company describes itself as an energy innovation business that leverages long-producing oil and gas joint venture assets and Oklahoma infrastructure to support build-to-suit AI data centers, making its operational updates and strategic announcements relevant for investors tracking energy-backed digital infrastructure.
Recent news has highlighted Jericho’s oil and gas revitalization program in Oklahoma, including activity at the Oaktree wells and broader efforts to evaluate behind-pipe production potential and drilled but uncompleted wells. These updates are often connected to the company’s stated goal of using behind-pipe natural gas resources to power infield AI data centers, linking traditional energy operations with emerging compute demands.
Jericho’s disclosures also feature developments at its Morrison Data Center Site in Noble County, Oklahoma, and an AI Data Center Campus on its energy portfolio, where it reports access to grid power, low-price natural gas, water, fiber connectivity, and high-voltage transmission infrastructure. Additional news covers partnerships such as its Memorandum of Understanding with M2 Development Solutions, which introduces large sites in Ohio and Nevada into Jericho’s AI data center portfolio, and event participation like the AI Infra Summit 4.
Another recurring news theme is Jericho’s non-binding Letter of Intent with Smartkem, Inc. for a proposed all-stock business combination aimed at forming a U.S.-owned AI-focused infrastructure company. Company releases emphasize that the LOI is non-binding and that there is no assurance a definitive agreement will be reached. Readers of this news page can review updates on these discussions, operational milestones in Oklahoma, strategic partnerships, and Jericho’s ongoing positioning at the nexus of energy and AI.
Jericho Energy Ventures has successfully led a Seed Series fundraising round for Supercritical Solutions, Ltd., securing USD$1.78 million for the development of its innovative electrolyzer technology aimed at producing low-cost clean hydrogen. The total investment reached USD$3.6 million with significant backing from notable investors. Supercritical's unique membraneless electrolyzer operates at over 200 bar pressure, potentially transforming the hydrogen production market, which is expected to grow significantly as global energy needs shift towards decarbonization.
Jericho Energy Ventures (OTC:JROOF) has successfully closed a non-brokered private placement of convertible debentures generating gross proceeds of CAD$5.7 million. The debentures, priced at CAD$0.70, are set to mature in 36 months, with an interest rate of 4% annually after one year. Each debenture is accompanied by a warrant to purchase common shares at CAD$1.00 for three years. Insider participation included CAD$1.48 million, exempting certain regulatory approvals. Proceeds will fund working capital and growth initiatives, facilitating potential future opportunities.
Jericho Energy Ventures (OTC PINK:JROOF) announced plans to raise approximately CAD$6 million through a non-brokered private placement of convertible debentures. The debentures, unsecured and maturing in 36 months, will bear an interest rate of 4% annually after one year. Investors can convert the principal at CAD$0.70 per share and accrued interest at market prices. Additionally, each CAD$0.70 debenture will come with a warrant to purchase common shares at CAD$1.00 for three years. Proceeds will support working capital and growth initiatives, pending TSX Venture Exchange approval.
Jericho Energy Ventures (TSXV:JEV)(OTC PINK:JROOF) is partnering with Bruichladdich Distillery and Protium to deploy a pioneering green hydrogen boiler system for decarbonizing whisky production. The project, backed by a USD $3.5 million grant from the UK Government’s Green Distilleries Competition, will utilize Jericho's Dynamic Combustion Chamber (DCC™) technology. This initiative not only aims to reduce carbon emissions significantly but also sets a precedent for North American brands in their decarbonization strategies.
Jericho Energy Ventures (OTC PINK:JROOF) announces its subsidiary, Hydrogen Technologies, will exhibit and present at the IDEA2021 Conference in Austin, TX from September 27-29. President Janet Reiser will present their breakthrough zero-emission technology, the Dynamic Combustion Chamber (DCC) boiler system, on September 29. This conference is a key event for stakeholders in district energy and sustainable technology. Jericho aims to advance the low-carbon energy transition through hydrogen technologies and energy efficiency.
Jericho Energy Ventures (OTC PINK:JROOF) announced that its subsidiary, Hydrogen Technologies, will participate at the Gastech Hydrogen Exhibition & Conference from September 21-23 in Dubai. The event aims to position hydrogen as a clean energy solution, bringing together over 15,000 attendees and 2000 delegates globally. Hydrogen Technologies will showcase its zero-emission cleanH2steam Dynamic Combustion Chamber™ boiler system, developed in partnership with UnitBirwelco. This participation reflects the growing interest in their hydrogen solutions from various international organizations.
Jericho Energy Ventures (OTC PINK:JROOF) has submitted vital research to the U.S. Department of Energy's Earthshot Hydrogen Program's Request for Information. This initiative aims to boost clean hydrogen innovations to achieve a net-zero carbon economy by 2050. Jericho's proprietary Dynamic Combustion Chamber™ (DCC™) technology is a zero-emission boiler already operational in California. CEO Brian Williamson stated that hydrogen will play a crucial role in the energy transition, targeting the $30 billion Commercial & Industrial steam market.
Jericho Energy Ventures (OTC: JROOF) announced that its subsidiary, Hydrogen Technologies, has filed for new provisional patents for its second generation hydrogen boiler. This advanced cleanH2steam Dynamic Combustion Chamber™ (DCC™) Boiler 3000 Series features enhanced fuel delivery, improved combustion efficiency, and a streamlined design. The DCC™ is a zero-emission solution targeting a significant portion of global greenhouse gases from traditional fossil fuel boilers. Jericho aims to leverage this innovation for a broader marketing campaign to address the growing demand for zero-emission technologies.
Jericho Energy Ventures (JEV) announces its participation as Co-Lead in a $1.5 million investment in H2U Technologies, part of a $7 million Series A financing. H2U specializes in AI-driven electrocatalyst discovery, which aims to create low-cost electrolyzers to support the Hydrogen Economy. The technology, licensed from Caltech, is designed to reduce reliance on precious metals in catalysis. H2U's electrolyzer is targeted to cost half of current PEM models, with significant market potential as green hydrogen production is expected to reach $2.5 trillion annually by 2050.
Jericho Energy Ventures (OTC PINK:JROOF) announced positive outcomes from its Annual General and Special Meeting (AGM) held on July 14, 2021. Shareholders, representing 68.94% of shares, overwhelmingly approved the election of directors with support exceeding 99.98%. Other key resolutions, including the Appointment of Auditors and Stock Option Plan, also received strong backing, with approval rates above 99.90%. Jericho is focused on low-carbon energy transition technologies, including hydrogen and carbon capture solutions.
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