Oracle Commodity Holding and Silver Elephant Amend Existing Coal and Silver Royalty Agreements
Silver Elephant Mining (OTCQB: SILEF) and Oracle Commodity Holding have amended their existing net smelter return (NSR) royalty agreements for Mongolian coal and Bolivian silver properties. For coal properties, the royalty has been reduced to the greater of US$2 per tonne or 3% of NSR from the previous US$3 per tonne or 5%. For silver properties, the royalty on raw minerals has been reduced to 2% of (70% of gross metal value) from the previous 2% of 100%, with the $30/oz silver price threshold removed.
Silver Elephant, as a control person of Oracle, will provide payment guarantees for both coal and silver royalties through its Mongolian and Bolivian subsidiaries. The companies will rely on exemptions from formal valuation and minority approval requirements due to their related-party status.
Silver Elephant Mining (OTCQB: SILEF) e Oracle Commodity Holding hanno modificato i loro accordi di royalty net smelter return (NSR) esistenti per propriet脿 di carbone in Mongolia e argento in Bolivia. Per le propriet脿 carbonifere, la royalty 猫 stata ridotta al maggiore tra US$2 per tonnellata o il 3% dell'NSR, rispetto ai precedenti US$3 per tonnellata o 5%. Per le propriet脿 argentee, la royalty sui minerali grezzi 猫 stata ridotta al 2% del (70% del valore lordo del metallo), rispetto al precedente 2% del 100%, ed 猫 stata eliminata la soglia di prezzo di $30/oz per l'argento.
Silver Elephant, in qualit脿 di soggetto di controllo di Oracle, fornir脿 garanzie di pagamento per entrambe le royalty su carbone e argento tramite le sue filiali mongole e boliviane. Le societ脿 si avvarranno delle esenzioni dai requisiti di valutazione formale e di approvazione delle minoranze in quanto parti correlate.
Silver Elephant Mining (OTCQB: SILEF) y Oracle Commodity Holding han enmendado sus acuerdos existentes de regal铆as net smelter return (NSR) para propiedades de carb贸n en Mongolia y de plata en Bolivia. Para las propiedades de carb贸n, la regal铆a se ha reducido al mayor entre US$2 por tonelada o el 3% del NSR, frente a los anteriores US$3 por tonelada o 5%. Para las propiedades de plata, la regal铆a sobre minerales en bruto se ha reducido a 2% de (70% del valor bruto del metal), frente al anterior 2% del 100%, y se ha eliminado el umbral de precio de $30/oz para la plata.
Silver Elephant, como persona de control de Oracle, proporcionar谩 garant铆as de pago para ambas regal铆as, de carb贸n y de plata, a trav茅s de sus filiales en Mongolia y Bolivia. Las compa帽铆as se acoger谩n a exenciones de los requisitos de valoraci贸n formal y de aprobaci贸n de minor铆as debido a su condici贸n de partes vinculadas.
Silver Elephant Mining (OTCQB: SILEF)鞕赌 Oracle Commodity Holding鞚� 氇疥敞鞚� 靹濏儎 鞛愳偘 氚� 氤茧Μ牍勳晞鞚� 鞚�(閵�) 鞛愳偘鞐� 雽�頃� 旮办〈 靾� 鞝滊牗靾橃澋(NSR) 搿滌棿韹� 瓿勳暯鞚� 靾橃爼頄堨姷雼堧嫟. 靹濏儎 鞛愳偘鞐� 雽�頃� 搿滌棿韹半姅 鞚挫爠鞚� 韱る嫻 氙疙檾 3雼煬 霕愲姅 5%鞐愳劀 韱る嫻 氙疙檾 2雼煬 霕愲姅 NSR鞚� 3% 欷� 韥� 旮堨暋鞙茧 鞚疙晿霅橃棃鞀惦媹雼�. 鞚� 鞛愳偘鞐� 雽�頃挫劀電� 鞗愱磻鞐� 雽�頃� 搿滌棿韹瓣皜 鞚挫爠鞚� 100% 旮办 2%鞐愳劀 旮堨啀 齑濌皜旃橃潣 70%鞚� 2%搿� 於曥唽霅橃棃瓿�, 鞓姢雼� 30雼煬鞚� 鞚� 臧�瓴� 氍疙劚鞚� 鞝滉卑霅橃棃鞀惦媹雼�.
Oracle鞚� 歆�氚办＜欤检澑 Silver Elephant電� 氇疥敞 氚� 氤茧Μ牍勳晞 鞛愴殞靷ゼ 韱淀暣 靹濏儎 氚� 鞚� 搿滌棿韹办棎 雽�頃� 歆�旮� 氤挫鞚� 鞝滉车頃� 瓴冹瀰雼堧嫟. 鞚措摛 須岇偓電� 甏�霠瀽 臧� 瓯半灅鞚搓赴 霑岆鞐� 鞝曥嫕 韽夑皜 氚� 靻岇垬欤检＜ 鞀轨澑 鞖旉贝鞚� 氅挫牅毳� 鞝侅毄氚涭潉 鞓堨爼鞛呺媹雼�.
Silver Elephant Mining (OTCQB: SILEF) et Oracle Commodity Holding ont modifi茅 leurs accords de redevance net smelter return (NSR) existants pour des propri茅t茅s de charbon en Mongolie et d'argent en Bolivie. Pour les propri茅t茅s de charbon, la redevance a 茅t茅 r茅duite au montant le plus 茅lev茅 entre 2 $ US par tonne ou 3 % de l'NSR, contre 3 $ US par tonne ou 5 % auparavant. Pour les propri茅t茅s argentif猫res, la redevance sur les minerais bruts a 茅t茅 r茅duite 脿 2 % de (70 % de la valeur brute du m茅tal), contre 2 % de 100 % auparavant, et le seuil de prix de 30 $/oz pour l'argent a 茅t茅 supprim茅.
Silver Elephant, en tant que personne de contr么le d'Oracle, fournira des garanties de paiement pour les redevances charbon et argent par l'interm茅diaire de ses filiales mongoles et boliviennes. Les soci茅t茅s s'appuieront sur des exemptions aux exigences de valorisation formelle et d'approbation des minoritaires en raison de leur statut de parties li茅es.
Silver Elephant Mining (OTCQB: SILEF) und Oracle Commodity Holding haben ihre bestehenden Net Smelter Return (NSR) Royalty-Vereinbarungen f眉r mongolische Kohle- und bolivianische Silberliegenschaften ge盲ndert. F眉r die Kohle-Liegenschaften wurde die Royalty von zuvor US$3 pro Tonne oder 5% auf nun das jeweils h枚here von US$2 pro Tonne oder 3% des NSR gesenkt. F眉r die Silber-Liegenschaften wurde die Royalty auf Rohstoffe von zuvor 2% von 100% auf 2% von (70% des Bruttometallwertes) reduziert und die Schwelle von $30/oz Silberpreis wurde gestrichen.
Silver Elephant wird als beherrschende Partei von Oracle Zahlungsb眉rgschaften f眉r sowohl Kohle- als auch Silber-Royaltys 眉ber seine Tochtergesellschaften in der Mongolei und in Bolivien stellen. Die Unternehmen werden aufgrund ihres Verh盲ltnisses als verbundene Parteien von Ausnahmen bei formellen Bewertungs- und Minderheitenzustimmungsanforderungen Gebrauch machen.
- Reduced royalty rates for both coal and silver properties, potentially improving profitability
- Removal of $30/oz silver price threshold provides more operational flexibility
- Payment guarantees from Silver Elephant strengthen the agreement structure
- Related-party transaction nature of the deal may raise governance concerns
- Companies bypassing formal valuation and minority approval requirements through exemptions
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant") and Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle") 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 Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.
Further information on Silver Elephant can be found at .
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
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 Silver Elephant'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
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.
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FAQ
What are the new royalty terms for SILEF's Mongolian coal properties?
How have the Bolivian silver royalty terms changed for Silver Elephant Mining?
What is the relationship between Silver Elephant Mining and Oracle Commodity Holding?
Who will guarantee the royalty payments under the new agreement?
What regulatory exemptions are being used for this transaction?
