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Accesswire
13 days ago
Jericho Energy Ventures and Smartkem Sign Letter of Intent to Create U.S.-Owned, Nasdaq-Listed AI-Focused Infrastructure Company
Proposed all-stock transaction aims to align JEV's scalable energy platform with Smartkem's semiconductor innovations to power next generation AI data centers TULSA, OK AND MANCHESTER, UK / ACCESS Newswire / October 7, 2025 / Jericho Energy Ventures Inc. (TSX-V:JEV)(OTC:JROOF)(FRA:JLM) ("Jericho" or "JEV"), an energy innovation company, today announced that it has signed a non-binding Letter of Intent ("LOI"), dated October 6, 2025, with Smartkem, Inc. (Nasdaq:SMTK), ("Smartkem"), a company developing a new class of organic semiconductor technology, for a proposed all-stock business combination (the "Proposed Transaction"). If completed, the Proposed Transaction would establish a U.S.-owned and controlled AI infrastructure company, integrating low-cost domestic energy with advanced semiconductor packaging and materials to support the surging demand for AI compute capacity.