Oracle Provides Update on Royalty Portfolio
Rhea-AI Summary
Oracle Commodity Holding (OTCQB:ORLCF) reported detailed updates on its diversified royalty and equity portfolio spanning the US, Canada, Mongolia and Bolivia. The company holds 2% NSR royalties on key fluorspar, vanadium, nickel-PGM, coal, silver-lead-zinc and gold projects, plus 42.8 million CleanTech shares.
Recent milestones include a 5-year Ulaan Ovoo coal lease with forecast 300,000–1,000,000 tonnes annually, cumulative royalty income of about US$732,000 across Mongolian and Bolivian assets since 2023, Minago’s Environment Act Licence and C$2 million government funding, and ongoing permitting/offtake steps at Kentucky-Illinois fluorspar and Nevada’s Gibellini vanadium project.
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Positive
- 5-year Ulaan Ovoo coal lease with 300,000–1,000,000 tonne annual forecast
- Cumulative Mongolian coal royalties of approximately US$450,000 since 2024
- Pulacayo-Paca royalties of approximately US$260,000 since 2023
- Apuradita royalties of approximately US$22,000 since 2025
- Minago received Environment Act Licence in March 2026
- C$2 million Manitoba government investment in Minago magnesium facility
- Gibellini vanadium project holds BLM Record of Decision and state permits
- CleanTech fluorspar projects targeting 2026 permit submissions and 2028 production
Negative
- Pulacayo mining production contract cancelled by COMIBOL and currently under dispute
- Minago 2% NSR only applies when nickel price exceeds US$15 per pound
- Nickel currently around US$7.50 per pound, below Minago royalty threshold
- Fluorspar royalty agreements remain subject to Oracle and CleanTech shareholder approvals
- Gibellini advancement is pending higher vanadium prices
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") is pleased to provide the following updates on its royalty and equity portfolio.
Oracle holds a core portfolio of net smelter return ("NSR") royalties across advanced fluorspar, vanadium, nickel-PGM, coal, and silver projects located in the United States, Canada, Mongolia and Bolivia, operated by CleanTech Vanadium Mining Corp. ("CleanTech"), Silver Elephant Mining Corp. ("Silver Elephant"), Norway House Cree Nation ("NHCN") and others. In addition to its royalty interests, Oracle owns 42.8 million common shares of CleanTech, representing approximately
Oracle Royalty Portfolio:
| Country | Project | Commodity | Operator | Oracle Royalty | Status |
| USA | Various mineral deposits Illinois and Kentucky Fluorspar District | Fluorspar, Zinc, and Germanium | CleanTech | Drilling and permitting, production expected in 2028 | |
| USA | Gibellini, Nevada | Vanadium | CleanTech | Positive EIS Record of Decision from BLM in 2023 | |
| Mongolia | Ulaan Ovoo | Coal | Silver Elephant | Greater of US | 300,000 tonne production forecast in 2027 |
| Canada | Minago, Manitoba | Nickel-PGM, and Magnesium | NHCN | Environment Act License received in 2026 | |
| Bolivia | Pulacayo-Paca | Silver, Lead, and Zinc | Silver Elephant | Under Contract dispute with COMIBOL | |
| Bolivia | Apuradita | Silver and Lead | Silver Elephant | Greater of | In production at 400 tonnes/month |
| Bolivia | Triunfo | Gold | CleanTech | Exploration, resource definition |
United States
Kentucky-Illinois Fluorspar (Zinc-Germanium) Projects1
Oracle entered into several royalty agreements with CleanTech in 2025. Those agreements are subject to respective Oracle and CleanTech shareholder approvals in the next AGM in the fall of 2026.
Oracle's
Refer to www.CleanTechCtv.com for more project information.
CleanTech is preparing permitting for Campbell-Crotser and an associated central flotation processing and tailings facility to produce
CleanTech also reported that it is in discussions with major global consumers of acid-grade fluorspar and expects to sign its first binding off-take agreement by November 2026, with first product delivery anticipated in 2028.
Gibellini Vanadium Project (Eureka County, Nevada)2
The Gibellini vanadium project is being developed by CleanTech and is located near Eureka in Nevada's Battle Mountain region, one of top mining investment destinations per the Fraser Institute. The project received a positive EIS Record of Decision from the BLM in October 2023 and has obtained multiple state permits. The project spans over 21km in strike and features an open-pit, heap-leach operation with a 0.2 strip ratio, targeting
Refer to www.CleanTechCtv.com for more project information.
Oracle holds a
CleanTech continues to advance Gibellini toward production pending higher vanadium price.
Mongolia3
Ulaan Ovoo Coal Project
The Ulaan Ovoo coal project ("Ulan Ovoo") is owned by by Silver Elephant through its Mongolian subsidiaries. Ulaan Ovoo is located in northern Mongolia, 120 km by paved road from Mongolia's Sukhbaatar railway station, which connects to the Trans-Siberian railway network. The mine has produced close to 1,000,000 tonnes of coal since 2012, which was sold to international and Mongolian customers. Ulaan Ovoo features an average strip ratio of 1.8 BCM of waste per tonne of coal. The extracted coal thus far yielded on average 5,000 kcal/kg GCV, with less than
Oracle's amended and restated coal royalty executed in August 2025 provides for a royalty equal to the greater of US
In July 2026, Silver Elephant entered into a 5-year coal lease agreement with an arms-length major Mongolian mining and industrial conglomerate (the "Lessee"). The Lessee's annual production sales forecast from Ulaan Ovoo is between 300,000 and 1,000,000 tonnes.
Refer to www.SilverElef.com for more project information.
Cumulative royalty income to Oracle from Silver Elephant's Mongolian coal operation since 2024 is approximately US
Canada4
Minago Nickel-PGM Project (Thompson Nickel Belt, Manitoba)
The Minago project is a nickel project, owned and operated by NHCN. Approximately 85,000 metres of drilling has been done on Minago project. The project also hosts magnesium mineralization as reported by NHCN.
Oracle holds a
Minago reached two milestones in early 2026: a C
Refer to www.minago.ca for more project information.
Bolivia5
Pulacayo-Paca Silver-Lead-Zinc Project
The Pulacayo-Paca project in Potosí, Bolivia is operated by Silver Elephant. Approximately 95,000 metres of drilling has been done on the project by Silver Elephant and previous operator of the property.
Oracle holds a
The Pulacayo-Paca project is subject to a mining production contract (the "MPC") with the Corporación Minera de Bolivia ("COMIBOL"). On December 31, 2024, COMIBOL delivered a notice of cancellation of the Pulacayo MPC, and the matter remains under dispute. Silver Elephant is pursuing all judicial and administrative avenues to reinstate the MPC.
Cumulative royalty income to Oracle from the Pulacayo-Paca project since 2023 is approximately US
Apuradita Silver-Lead Project
The Apuradita project is nearby the Pulacayo-Paca project, Apuradita is
Refer to www.silverelef.com for more information.
Oracle holds a
Cumulative royalty income to Oracle from Apuradita since 2025 is approximately US
Silver Elephant intends to continue production at Apuradita at a rate of 400 to 650 tonnes per month, and to continue toll milling and grow silver concentrate sales through the remainder of 2026.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Bill Pincus, [P.Geo.], an independent consultant of the Company and a Qualified Person as defined by National Instrument 43-101.
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 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:
Tel: 604.569.3661
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.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Forward-looking information in this news release includes, without limitation, statements regarding the anticipated timing and receipt of shareholder and TSX Venture Exchange approvals for certain royalty agreements; the development, permitting and anticipated commencement of production at the projects underlying Oracle's royalty portfolio; projected production levels, development schedules and production forecasts; anticipated execution of off-take agreements; expected royalty payments and future royalty income; future commodity prices and the potential economic benefits of Oracle's royalty interests; the advancement of the Gibellini, Illinois-Kentucky Fluorspar District, Ulaan Ovoo, Minago, Pulacayo-Paca and Apuradita projects; the outcome of contractual, regulatory and legal matters affecting the Pulacayo-Paca project; and Oracle's future growth, results of operations, performance, business prospects and opportunities. Such forward-looking information is based on management's current expectations, assumptions and estimates and is subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking information.
A number of risks and other factors could cause actual results to differ materially from those described in the forward-looking information, including, without limitation, the risk that required shareholder, regulatory or TSX Venture Exchange approvals are not obtained; delays in permitting, development or commencement of production; changes in development plans or production forecasts; fluctuations in commodity prices; failure of operators to achieve projected production or make royalty payments; the outcome of contractual, regulatory or legal proceedings, including those relating to the Pulacayo-Paca project; market conditions and investor sentiment; changes in business plans; the availability of financing; and general economic, business and political conditions. Additional risk factors are set out in the Company's latest annual and interim management's discussion and analysis, available on SEDAR+ at www.sedarplus.ca.
Forward-looking statements are based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking statements included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking statements in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
1 https://cleantechctv.com/
2 https://cleantechctv.com/
3 https://silverelef.com/
4 https://www.minago.ca/
5 https://silverelef.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304275