Jericho Energy Ventures Inc. has announced a strategic move to separate its hydrogen solutions platform into a new entity named Hydrogen Technologies Corporation (HTC). The Board of Directors has approved this Spinout Transaction, subject to regulatory and shareholder approvals. Each JEV shareholder will retain their shares of Jericho and also receive shares of HTC on a pro rata basis. The aim of this separation is to create two specialized energy companies with clear strategies, tailored capital structures, and focused investment plans. The Spinout Transaction is expected to enhance growth opportunities in both the hydrogen and oil & gas sectors. Jericho Energy Ventures will continue trading on the TSX Venture Exchange under the symbol JEV, representing its oil and gas business. CEO Brian Williamson expressed optimism about the separation, highlighting the potential for long-term growth and success for both companies. The definitive terms of the Spinout Transaction are still under review by management and the Board of Directors, and shareholder approval will be sought at the upcoming Annual General Meeting (AGM). Overall, the sentiment towards this strategic move is positive, with a focus on creating value for stakeholders in the energy sector.