Jericho Energy Ventures Partners with Aurea Holdings for Hydrogen Expansion in Europe

Jericho Energy Ventures Inc. has announced a strategic partnership with Aurea Holdings to expand its hydrogen solutions into Europe's energy-intensive markets. Aurea will not only partner in this venture but also become a strategic investor in the newly proposed Hydrogen Platform, pending regulatory approval.

This collaboration promises emissions reduction and enhanced sustainability. As part of the partnership, Jericho plans a non-brokered private placement to raise up to CAD$2 million, with Aurea committing $500,000 as the lead investor. The proceeds will aid Jericho's working capital needs.

Subject to customary conditions, including TSX Venture Exchange approval, the financing involves units priced at CAD$0.12 each, including one common share and an accompanying warrant. The initiative aligns with Jericho's commitment to leading the energy transition through strategic hydrogen technology and infrastructure investments.