Oracle Commodity Holding Receives Final Approval for the Amended Royalty Agreements with Silver Elephant

Executive Summary

• The TSX Venture Exchange granted final approval for Oracle Commodity Holding Corp.’s amended and restated net smelter return royalty agreements with Silver Elephant Mining Corp.
• The Amended Agreements replace and consolidate prior royalty arrangements covering Silver Elephant’s Mongolian coal and Bolivian silver properties.
• Silver Elephant will continue to guarantee royalty payments, and the transactions qualify for exemptions under MI 61‑101, avoiding formal valuation and minority shareholder approval requirements.

Key Details

• Approval: TSX Venture Exchange provided final approval of the Amended Agreements on November 25 2025.
• Scope of Agreements: Consolidates prior royalty arrangements for Silver Elephant’s Mongolian coal assets and Bolivian silver assets into a single net smelter return royalty framework.
• Guarantee: Silver Elephant guarantees payment of all royalties due under the Amended Agreements on behalf of its applicable subsidiaries (the royalty payors).
• Regulatory Treatment: The agreements are classified as “related party transactions” under MI 61‑101; Oracle relied on available exemptions from formal valuation and minority shareholder approval requirements.
• Impact: Provides a streamlined, enforceable royalty structure for Oracle’s holdings in the referenced properties, potentially enhancing cash flow certainty.

Notable Quotes

• “The final approval of these amended agreements represents an important step in solidifying our royalty position across key assets and underscores Silver Elephant’s commitment to honoring its obligations,” – Jason Powell, CEO, Oracle Commodity Holding Corp.