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 (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.
Jericho Energy Ventures (JROOF) announces a strategic collaboration with Aurea Holdings to deliver green energy solutions for Europe's energy-intensive industries. Aurea will become a strategic investor in JEV and is expected to invest in the company's upcoming Hydrogen Platform. Additionally, JEV announces a non-brokered private placement to raise up to $2 million at CAD$0.12 per unit, with Aurea committing $500,000 as the lead investor. Each unit includes one common share and one warrant exercisable at $0.20 for two years.
Jericho Energy Ventures (JROOF) has announced plans to separate its hydrogen solutions platform into a new entity called Hydrogen Technologies (HTC). The separation, subject to regulatory and shareholder approvals, will create two independent specialized energy companies. Current JEV shareholders will retain their shares and receive additional HTC shares on a pro rata basis. The decision aims to allow both businesses to operate with distinct strategies and focused investment plans. Shareholder approval may be sought at the AGM scheduled for January 15, 2025. Post-separation, JEV will continue trading on TSX Venture Exchange, representing its oil and gas business.
Jericho Energy Ventures Inc. (TSXV:JEV, OTC PINK:JROOF, FRA:JLM) is set to participate in the Lytham Partners Fall 2024 Investor Conference on October 1, 2024. The event will be held virtually, featuring a webcasted presentation and one-on-one meetings with investors.
Key details:
- Webcasted presentation: Tuesday, October 1, 2024, at 11am ET (8am PT)
- Webcast access: Available on the conference home page or directly via a provided link
- One-on-one meetings: Management will be available for virtual meetings throughout the event
Investors can arrange meetings by contacting Lytham Partners or registering for the event through the provided link. The webcast will be available for replay following the event.
Jericho Energy Ventures Inc. (TSXV:JEV, OTC PINK:JROOF) has announced amendments to its outstanding convertible debentures and warrants. The key changes include:
1. The conversion price of debentures totaling CDN$5,703,568 has been reduced from CDN$0.70 to CDN$0.20.
2. The maturity date of these debentures has been extended by one year to January 7, 2026.
3. The exercise price of 6,839,920 warrants has been amended to CDN$0.25.
These amendments are subject to final TSXV approval and include insider participation exempt from certain regulatory requirements.
Hydrogen Technologies (HT), a subsidiary of Jericho Energy Ventures, has successfully tested its patented next-generation Dynamic Combustion Chamber (DCC™) boiler burner. The tests, conducted at Selas Heat Technology's Ohio facility, aim to extend the use of this zero-emission technology beyond steam and hot water production to direct fired industrial applications, such as steel, glass, and chemical production. The DCC™ burner system is designed to lower manufacturing costs, improve maintenance efficiencies, and enhance output flexibility. Jericho Energy Ventures CEO Brian Williamson highlighted the potential for decarbonizing high-temperature industrial processes. HT plans to showcase the DCC™ system in Demo Days later this year. The DCC™ boilers, which eliminate greenhouse gas emissions through a hydrogen-fueled process, have received the Solar Impulse Efficient Solution label.
Hydrogen Technologies (HT) will exhibit and present at the International District Energy Association (IDEA) 2024 Annual Conference in Orlando, Florida, June 17-20. HT will feature its patented DCC™ hydrogen-fueled, zero-emission boiler, aimed at de-carbonizing and fortifying energy systems. The company will be at Booth #45 and Principal Engineer Aaron Nackos will speak on June 19 about economic use cases for hydrogen boilers. The DCC™ boiler, which has received the 'Solar Impulse Efficient Solution' label, offers a highly efficient, GHG-free alternative to conventional boilers.
Jericho Energy Ventures announced that its portfolio company, Supercritical Solutions, has partnered with HAMR Energy on a groundbreaking project to reduce renewable methanol costs by up to 20%. Funded by the Australia-UK Renewable Hydrogen Innovation Partnership, the consortium will embark on a AUD 1.5 million project. The first phase includes a feasibility study and empirical testing of Supercritical's high-pressure hydrogen electrolyzers. The project aims to commercialize renewable methanol production by 2030, presenting a multibillion-dollar opportunity globally. Supercritical's technology boasts a system efficiency of 42 kWh/kgH2 and delivers hydrogen at over 200 bar, promising significant reductions in capital and operational expenditures for methanol production facilities.