Silver Elephant and Oracle Commodity Holding Amend Existing Coal and Silver Royalty Agreements
Oracle Commodity Holding (OTCQB:ORLCF) and Silver Elephant Mining (TSX:ELE) have amended their existing net smelter return (NSR) royalty agreements for Mongolian coal and Bolivian silver properties. The coal royalty has been reduced to the greater of US$2 per tonne or 3% of NSR, down from US$3 per tonne or 5%. For Bolivian silver properties, the royalty on raw minerals has been adjusted to 2% of (70% of gross metal value), reduced from 2% of 100% of gross metal value, with the removal of the $30/oz silver price threshold.
As Silver Elephant is a control person of Oracle, making them related parties, both companies will rely on exemptions from formal valuation and minority approval requirements under MI 61-101 for these transactions.
[ "Reduced royalty rates provide more favorable terms for mining operations", "Removal of silver price threshold simplifies royalty structure", "Addition of corporate guarantees strengthens payment security" ]Oracle Commodity Holding (OTCQB:ORLCF) e Silver Elephant Mining (TSX:ELE) hanno modificato i loro accordi di royalty net smelter return (NSR) relativi a giacimenti di carbone in Mongolia e d'argento in Bolivia. La royalty sul carbone è stata ridotta al maggior valore tra US$2 per tonnellata o il 3% dell'NSR, rispetto ai precedenti US$3 per tonnellata o 5%. Per le proprietà boliviane d'argento, la royalty sui minerali grezzi è stata adeguata al 2% del 70% del valore lordo del metallo, ridotta rispetto al 2% sul 100% del valore lordo, e la soglia di prezzo di US$30/oz per l'argento è stata rimossa.
Poiché Silver Elephant è un soggetto di controllo di Oracle, rendendo le due società correlate, entrambe si avvarranno delle esenzioni dai requisiti formali di valutazione e dall'approvazione delle minoranze previste da MI 61-101 per queste operazioni.
- Riduzione delle royalty per condizioni operative più favorevoli alle attività minerarie
- Rimozione della soglia di prezzo dell'argento per semplificare la struttura delle royalty
- Introduzione di garanzie aziendali per rafforzare la sicurezza dei pagamenti
Oracle Commodity Holding (OTCQB:ORLCF) y Silver Elephant Mining (TSX:ELE) han enmendado sus acuerdos existentes de regalías NSR (net smelter return) sobre activos de carbón en Mongolia y de plata en Bolivia. La regalía sobre el carbón se ha reducido al mayor de US$2 por tonelada o el 3% del NSR, frente a los anteriores US$3 por tonelada o 5%. Para los activos de plata en Bolivia, la regalía sobre minerales en bruto se ha ajustado a 2% del 70% del valor bruto del metal, reducida desde el 2% del 100% del valor bruto, y se ha eliminado el umbral de precio de US$30/oz para la plata.
Como Silver Elephant es una parte controladora de Oracle, lo que convierte a ambas en partes relacionadas, las compañías se acogerán a las exenciones de la obligación de valoración formal y de la aprobación de minorías previstas en MI 61-101 para estas transacciones.
- Reducción de las tasas de regalía para condiciones más favorables a las operaciones mineras
- Eliminación del umbral de precio de la plata para simplificar la estructura de regalías
- Incorporación de garantías corporativas para fortalecer la seguridad de los pagos
Oracle Commodity Holding (OTCQB:ORLCF)와 Silver Elephant Mining (TSX:ELE)는 몽골 석탄 및 볼리비아 은광 자산에 대한 기존 순 제련수익(NSR) 로열티 계약을 수정했습니다. 석탄 로열티는 종전의 톤당 미화 3달러 또는 5%에서 톤당 미화 2달러 또는 NSR의 3% 중 큰 금액으로 인하되었습니다. 볼리비아 은광 자산에 대해서는 원광에 대한 로열티가 금속 총가치의 70%에 대한 2%로 조정되었고, 종전의 금속 총가치 100% 기준에서 축소되었으며 은 가격 기준인 온스당 $30 문구는 제거되었습니다.
Silver Elephant가 Oracle의 지배주체이므로 두 회사는 관련 당사자 관계에 해당하며, 이 거래들에 대해 MI 61-101에 따른 공식 평가 및 소수주주 승인 요구 사항의 면제를 적용할 예정입니다.
- 로열티 인하로 채굴 운영에 더 유리한 조건 제공
- 은 가격 문구 제거로 로열티 구조 단순화
- 지급 보안을 강화하는 기업 보증 추가
Oracle Commodity Holding (OTCQB:ORLCF) et Silver Elephant Mining (TSX:ELE) ont modifié leurs accords de redevance NSR (net smelter return) existants concernant des gisements de charbon en Mongolie et d'argent en Bolivie. La redevance sur le charbon a été réduite au montant le plus élevé entre 2 USD par tonne ou 3% du NSR, au lieu de 3 USD par tonne ou 5%. Pour les propriétés argentifères boliviennes, la redevance sur les minerais bruts a été révisée à 2% de 70% de la valeur brute du métal, réduite par rapport à 2% de 100% de la valeur brute, et le seuil de prix de 30 USD/l’once pour l'argent a été supprimé.
Étant donné que Silver Elephant est une personne de contrôle d'Oracle, les deux sociétés sont des parties liées et bénéficieront des exemptions aux exigences d'évaluation formelle et d'approbation des minoritaires prévues par MI 61-101 pour ces opérations.
- Réduction des taux de redevance offrant des conditions plus favorables aux opérations minières
- Suppression du seuil de prix de l'argent pour simplifier la structure des redevances
- Ajout de garanties d'entreprise renforçant la sécurité des paiements
Oracle Commodity Holding (OTCQB:ORLCF) und Silver Elephant Mining (TSX:ELE) haben ihre bestehenden NSR-(Net Smelter Return)-Royaltyvereinbarungen für mongolische Kohle- und bolivianische Silbervorkommen geändert. Die Kohle-Royalty wurde auf den höheren Wert von US$2 pro Tonne oder 3% des NSR gesenkt, zuvor waren es US$3 pro Tonne oder 5%. Für die bolivianischen Silberliegenschaften wurde die Royalty auf Rohmineralien auf 2% von 70% des Bruttometallwerts angepasst, reduziert gegenüber 2% von 100% des Bruttometallwerts, und die Schwelle von US$30/oz Silberpreis wurde entfernt.
Da Silver Elephant eine kontrollierende Partei von Oracle ist und damit verbundene Parteien vorliegen, werden beide Unternehmen für diese Transaktionen die Ausnahmen von formellen Bewertungs- und Minderheitenzustimmungsanforderungen gemäß MI 61-101 in Anspruch nehmen.
- Geringere Royaltys bieten günstigere Bedingungen für den Bergbaubetrieb
- Wegfall der Silberpreisschwelle vereinfacht die Royalty-Struktur
- Hinzufügung von Unternehmensgarantien stärkt die Zahlungssicherheit
- None.
- Reduced royalty rates will result in lower potential revenue for Oracle
- Related party transaction nature raises potential conflict of interest concerns
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle") and Silver Elephant Mining Corp. (TSX: ELE) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant") announce they have executed amended and restated net smelter return ("NSR") royalty agreements covering Silver Elephant's Mongolian coal properties and Bolivian silver properties, replacing and restating prior royalty arrangements.
For the Mongolian coal properties, subject to the terms of the royalty agreements and any applicable regulatory or stock exchange approval, Silver Elephant and Oracle agreed that coal royalty is revised to the greater of US
For the Bolivian silver properties, subject to the terms of the royalty agreements and any applicable regulatory or stock exchange approval, Silver Elephant and Oracle have agreed that
- Silver royalty based on raw or unprocessed minerals is reduced to
2% of (70% of gross metal value of sold materials), from2% of (100% of gross metal value of sold materials). - Silver royalty is payable regardless of silver price. Threshold silver price of
$30 per oz is removed. - Silver Elephant to provide guarantee of silver royalty payments on behalf of Silver Elephant's Bolivian subsidiaries who are the silver royalty payors.
Silver Elephant is a control person of Oracle. As such, Silver Elephant and Oracle are related parties to each other within the meaning of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions ("MI 61-101") and the amended and restated royalty agreements are "related party transactions" within the meaning of MI 61-101. Silver Elephant and Oracle each intend to rely on available exemptions from the formal valuation and minority approval requirements of MI 61-101 in respect of the amended and restated royalty agreements.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Carlos Zamora a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024, who is an employee of the Company and is not considered independent. Mr. Zamora is 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.
ON BEHALF OF THE BOARD
"Anthony Garson"
CEO and Director
For more information about Oracle, please contact: 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.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Oracle's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information.
Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.
Forward-looking information is 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 information 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 information 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264383
FAQ
What are the new royalty terms for Oracle Commodity's (ORLCF) Mongolian coal properties?
How have the Bolivian silver royalty terms changed for Oracle Commodity (ORLCF)?
Why is the Oracle Commodity (ORLCF) royalty agreement amendment considered a related party transaction?
What guarantees are provided in the new Oracle Commodity (ORLCF) royalty agreements?
