Oracle Commodity Holding Receives Final Approval for the Amended Royalty Agreements with Silver Elephant
Rhea-AI Summary
Oracle Commodity Holding (OTCQB: ORLCF) announced that the TSX Venture Exchange granted final approval on November 25, 2025 for the amended and restated net smelter return royalty agreements with Silver Elephant.
The Amended Agreements replace and consolidate prior royalty arrangements covering Silver Elephant's Mongolian coal and Bolivian silver properties, and Silver Elephant continues to guarantee royalty payments for its subsidiaries. Oracle treated the Amended Agreements as related party transactions under MI 61-101 and relied on available exemptions from formal valuation and minority shareholder approval requirements.
Positive
- TSXV granted final approval on November 25, 2025
- Amended Agreements replace and consolidate prior royalty arrangements
- Silver Elephant guarantees royalty payments for applicable subsidiaries
Negative
- Amended Agreements are related party transactions under MI 61-101
- Oracle relied on exemptions from formal valuation and minority approval
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") announces that the TSX Venture Exchange (the "TSXV") has granted final approval for the amended and restated net smelter return royalty agreements (the "Amended Agreements") with Silver Elephant Mining Corp. ("Silver Elephant"), as previously announced on August 29, 2025 and further clarified on November 19, 2025.
The Amended Agreements shall replace and consolidate the prior royalty arrangements relating to Silver Elephant's Mongolian coal properties and Bolivian silver properties.
Silver Elephant continues to guarantee the payment of royalties owing under the Amended Agreements on behalf of its applicable subsidiaries, which are the royalty payors.
The Amended Agreements constitute "related party transactions" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Oracle Commodity Holding relied on available exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in respect of the Amended Agreements.
About Oracle Commodity Holding Corp.
Oracle Commodity Holding Corp. is a mining royalty company holding royalties on several precious metal and critical mineral mining projects.
Further information on Oracle Commodity Holding can be found at www.oracleholding.com.
ORACLE COMMODITY HOLDING CORP.
ON BEHALF OF THE BOARD
"Jason Powell"
CEO
For more information about Oracle Commodity, please contact:
Phone: 1.877.664.2535
Email: info@oracleholding.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275928
FAQ
What did Oracle announce about the Amended Royalty Agreements on November 25, 2025 for ORLCF?
Which assets are covered by the Amended Agreements for ORLCF?
Does Silver Elephant remain responsible for royalty payments under the ORLCF agreement?
Why did Oracle rely on MI 61-101 exemptions for the ORLCF Amended Agreements?
When was the Amended Agreement first announced and when was it clarified for ORLCF?
Where can investors find details about the ORLCF Amended Agreements and approvals?
