Jet.AI Announces StratGrid's Proposed Wheatland Project Could Create Hundreds of Construction Jobs in Alberta
StratGrid intends to favor Alberta workers, contractors and suppliers as it advances the proposed development.
Sentiment and the balance of points
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Rhea-AI Summary
Jet.AI (Nasdaq: JTAI) announced that StratGrid has begun stakeholder consultation for its proposed Wheatland power and digital infrastructure project in Alberta.
The project would provide up to 240 MW of net power generation for off-grid data infrastructure campuses. Jet.AI owns approximately 15% of StratGrid and an approximate 15% economic interest in the project through a majority-owned investment vehicle. StratGrid estimates up to 800 direct and indirect construction jobs and expects up to 50 full-time equivalent operating staff. It anticipates filing with the Alberta Utilities Commission in the first quarter of 2027; construction may begin as early as the third or fourth quarter of 2027, with commercial operations possible in the fourth quarter of 2028. Regulatory applications and community engagement are advancing.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.Proposed Wheatland capacity of up to 240 MW would support off-grid data infrastructure campuses.
- Minor point. Forward-looking: it has not happened yet and may not happen.StratGrid targets possible fourth-quarter 2028 commercial operations, with construction potentially starting in the third or fourth quarter of 2027.
Negative
- Moderate pointWheatland remains proposed and subject to approval; StratGrid anticipates its Alberta Utilities Commission filing in first-quarter 2027.
Details
Market Reaction – JTAI
On Nov 12, the day this news came out, the latest delayed price for JTAI is 4.26% below the previous close. The latest delayed price is $0.88. Relative volume is very high at 3.5x what this stock usually trades by this time of day.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Net power generation
- up to 240 MW
- Proposed Wheatland Project
- Construction jobs
- up to 800 direct and indirect jobs
- During the course of the Project
- Operating staff
- up to 50 full-time equivalent staff
- Once operating
- Economic interest in Project
- approximately 15%
- Jet.AI interest through SG Canada InvestCo LLC
- AUC filing
- First quarter of 2027
- StratGrid anticipates filing with the Alberta Utilities Commission
- Potential construction start
- Third or fourth quarter of 2027
- Construction may begin as early as this period
- Potential commercial operations
- Fourth quarter of 2028
- Proposed Wheatland Project
Previous AI Reports
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Jet.AI invested $1.75 million for an implied approximately 26% StratGrid stake; Wheatland was designed around 200 MW.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
full-time equivalent technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
StratGrid is advancing regulatory applications coupled with its community consultation and engagement activities and plans to favor Alberta workers, contractors and suppliers
LAS VEGAS, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (Nasdaq: JTAI) ("Jet.AI" or the "Company"), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that StratGrid Inc. ("StratGrid") has begun stakeholder consultation on its proposed Wheatland Power Island and Digital Infrastructure Project (the "Project"), up to 240 MW of net power generation to support off-grid data infrastructure campuses in Wheatland County, Alberta. StratGrid estimates the Project could support up to 800 direct and indirect construction jobs during the course of the project. Once operating, it would be expected to employ up to 50 full-time equivalent staff over an expected multi-decade operational life cycle. Jet.AI owns approximately
StratGrid is advancing the necessary regulatory applications and has commenced community consultation and engagement activities. It has stated that it intends to support Alberta workers, contractors, suppliers and the local community. Alberta contractors would bring local advantages and are accustomed to the province's unique environment. StratGrid expects the Project could contribute to Wheatland County's municipal and Provincial tax revenues, while supporting public services, infrastructure, and broader regional economic development.
StratGrid anticipates filing with the Alberta Utilities Commission ("AUC") in the first quarter of 2027, may begin construction as early as the third or fourth quarter of 2027, and could reach commercial operations in the fourth quarter of 2028.
StratGrid is now engaging with key stakeholders, including but not limited to Indigenous communities, residents, landowners, regulators, and the County, and plans to do so throughout the Project's life.
“If approved, Wheatland could bring hundreds of construction jobs and up to 50 permanent positions to Wheatland County,” said David Sealock, CEO of StratGrid. “Alberta contractors know how to build in this province's conditions, and we would intend to put that experience to work. Alberta is home to some of the top technical and trade staff globally with transferable skill sets that can be applied to these types of projects. We look forward to hearing from the community through consultation engagement and at our open house process.”
About Jet.AI
Jet.AI Inc. (NASDAQ: JTAI) is a technology-driven company focused on deploying artificial intelligence tools and high-performance GPU infrastructure to enhance decision-making, efficiency, and performance across complex systems. The Company is listed on the NASDAQ Capital Market under the ticker symbol "JTAI." To learn more, visit www.jet.ai.
About StratGrid
StratGrid Inc. is a Calgary-based company developing natural gas-powered digital infrastructure to support growing demand for hyperscale computing. Its project are designed to combine on-site power generation with digital infrastructure, providing reliable electricity without relying on Alberta's electricity grid or passing infrastructure costs to existing ratepayers.
Forward-Looking Statements
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. Forward-looking statements include, without limitation, statements regarding the proposed Wheatland Power Island and Digital Infrastructure Project, its expected generation, storage and digital infrastructure capacity, estimated capital expenditure, employment, operating life, regulatory and municipal filings and approvals, rezoning, construction start and commercial operations date, and the expected benefits from the Project. Words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made.
Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among others: the Project has not received approval from the AUC, Wheatland County or any other authority, and may never receive it; the proposed rezoning may not be approved; stakeholder consultation may lead to design changes, delays or opposition; natural gas supply beyond current arrangements may not be secured on acceptable terms or at all; StratGrid may be unable to obtain financing for the Project on acceptable terms or at all; construction may face cost overruns, supply chain constraints, labour shortages or delays; capital expenditure, capacity, employment and schedule figures are preliminary estimates and subject to change; customers for the digital infrastructure may not be secured; water supply arrangements with Wheatland County may not be finalized; changes in Alberta energy, environmental or data centre policy may affect the Project; and Jet.AI may not realize the expected economic benefits of its interest in the Project. Jet.AI's interest is held through SG Canada InvestCo LLC, and Jet.AI does not control StratGrid or the Project. Additional risks appear in the "Risk Factors" section of Jet.AI's most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.
Contacts
Jet.AI Investor Relations
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com
StratGrid
info@stratgrid.ca
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is Jet.AI's economic interest in the proposed Wheatland project?
Jet.AI holds an approximate 15% economic interest in the project through SG Canada InvestCo, an investment vehicle in which it holds a majority interest. Through the same vehicle, Jet.AI owns approximately 15% of StratGrid.
When could StratGrid's Wheatland project begin construction and operations?
StratGrid says construction may begin as early as the third or fourth quarter of 2027, and commercial operations could begin in the fourth quarter of 2028. The project remains proposed, with an Alberta Utilities Commission filing anticipated in the first quarter of 2027.