TULSA, OK — February 12, 2026 — Leads & Copy — Jericho Energy Ventures Inc. (TSXV:JEV) has announced a strategic partnership with Comstock Holding Companies, Inc. (Nasdaq:CHCI) to acquire and develop land near Jericho’s Oklahoma energy assets. The partnership will operate as a Joint Venture (JV).
Comstock, a real estate organization with over 40 years of experience, will invest in Jericho through a non-brokered private placement of USD$1.5 million, pending regulatory approvals from the TSX Venture Exchange. This financing will consist of 25,684,932 units at CAD$0.08 each. Each unit includes one variable voting share and one-half of a share purchase warrant. Two warrants allow the holder to buy one variable voting share at CAD$0.20, exercisable within 24 months.
Jericho may also offer up to 20,000,000 additional units under the private placement on the same terms as Comstock’s investment, subject to investor demand.
Following Exchange approval, Comstock’s CEO, Chris Clemente, is expected to join Jericho’s board of directors.
The net proceeds from the financing will accelerate the development of Jericho’s planned AI data center campus and related energy infrastructure in Oklahoma and will also support general working capital needs. The joint venture aims to build a portfolio of strategically located land that combines Jericho’s subsurface energy infrastructure with surface land interests to support the development of large-scale AI data center campuses and digital infrastructure. Comstock is expected to contribute USD$6 million to the JV. It may also participate in a subsequent private placement or direct an indirect capital contribution from the JV to Jericho.
Jericho CEO Brian Williamson stated that Comstock’s investment validates the quality of Jericho’s energy assets and its strategy for developing premier AI data center campuses integrated within its Oklahoma energy infrastructure.
Comstock CEO Chris Clemente added that the collaboration with Jericho aims to accelerate the planning of a world-class AI data center campus and master plan on land indirectly controlled by Jericho.
The closing of the financing depends on definitive terms and Exchange approval. The securities issued under the financing will be subject to a four-month hold period under Canadian securities laws and Exchange rules. No finders’ fees or brokers’ commissions will be paid. The Joint Venture and transactions are subject to conditions, and there is no guarantee of consummation.
Jericho Energy Ventures is positioned at the intersection of energy and AI infrastructure, leveraging oil and gas joint venture assets and Oklahoma infrastructure to deploy scalable, on-site power solutions for AI Data Centers. Comstock, founded in 1985, manages, develops, and operates mixed-use and transit-oriented properties in the Washington, D.C. region, with a managed portfolio of approximately 10 million square feet.
Source: Jericho Energy Ventures Inc.
