Jericho Energy Ventures (TSXV: JEV) and Comstock Holding Companies (Nasdaq: CHCI) Enter Definitive Agreement for Oklahoma AI Infrastructure JV

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Jericho Energy Ventures (TSXV: JEV) and Comstock Holding Companies (Nasdaq: CHCI) Enter Definitive Agreement for Oklahoma AI Infrastructure JVStrategic partnership leverages Jericho's energy assets and Comstock's development expertise to create a scalable AI infrastructure platform TULSA, OK AND RESTON, VA / ACCESS Newswire / June 9, 2026 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) ("Jericho" or the "Company"), an energy innovation company positioned at the nexus of energy and AI infrastructure, and Comstock Holding Companies, Inc. (Nasdaq:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties, are pleased to announce that they have entered into a definitive agreement, dated June 4, 2026, (the "Joint Venture Agreement") establishing a strategic joint venture through a newly formed entity, Oklahoma AI Ventures LLC (the "Joint Venture" or "JV"), focused on the acquisition, aggregation, and development of land in and around Jericho's existing energy infrastructure footprint in Oklahoma.The Joint Venture Agreement formalizes the terms of the Letter of Intent announced on February 12, 2026 (the "LOI"). Under the agreement, the parties will collaborate to assemble a portfolio of strategically located land assets that integrate Jericho's subsurface energy infrastructure with surface land interests. The JV is intended to support the development of large-scale AI data center campuses and related digital infrastructure projects designed to meet the rapidly growing power and land requirements of artificial intelligence computing.The partnership brings together Jericho's integrated Oklahoma platform of land, energy, water, and infrastructure assets capable of supporting large-scale AI campus development, with Comstock's proven expertise in land aggregation, entitlement, planning, and large-scale project execution.Under the terms of the Joint Venture Agreement, Comstock Ventures contributed US$2.75 million at closing to fund land assemblage and related development costs and has committed to contribute up to an additional US$5.75 million over time, subject to approved budgets. Including Comstock's previously announced US$1.5 million strategic equity investment in Jericho, Comstock's total committed capital to the Joint Venture is up to approximately US$10.0 million inclusive of US$2.5 millio...

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