VANCOUVER, BC — October 8, 2025 — Leads & Copy — Jericho Energy Ventures Inc. clarified its Oct. 7 news release announcing a non-binding Letter of Intent with Smartkem, Inc. The LOI is strictly non-binding and was entered into solely to explore potential terms of a future business combination.
No definitive agreement has been executed, and there has been no change in control, management, or board, and no transfer or disposition of assets. Jericho continues its core oil and gas operations and energy-infrastructure activities in Oklahoma and remains in full compliance with TSX Venture Exchange listing requirements.
If the amalgamation proceeds, the resulting entity would be listed on the NASDAQ Exchange, and Jericho would delist from the TSX-V. However, there is no assurance that a definitive agreement will be entered into or that any transaction will be completed.
Jericho Energy Ventures (JEV) is positioned at the nexus of energy and AI infrastructure, deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI Data Centers. It delivers efficient, high-performance energy solutions, reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets.
Contact:
Brian Williamson
Chief Executive Officer
T: 604-343-4534
Email: investorrelations@jerichoenergyventures.com
Source: Jericho Energy Ventures Inc.
