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

Core Viewpoint - Oracle Commodity Holding Corp. has received final approval from the TSX Venture Exchange for amended royalty agreements with Silver Elephant Mining Corp., consolidating previous arrangements related to Silver Elephant's coal and silver properties [1][2]. Group 1: Amended Agreements - The amended and restated net smelter return royalty agreements will replace and consolidate prior royalty arrangements concerning Silver Elephant's Mongolian coal properties and Bolivian silver properties [2]. - Silver Elephant continues to guarantee the payment of royalties under the amended agreements on behalf of its subsidiaries, which are the royalty payors [2]. Group 2: Related Party Transactions - The amended agreements are classified as "related party transactions" under Multilateral Instrument 61-101, which protects minority security holders in special transactions [3]. - Oracle Commodity Holding has relied on available exemptions from formal valuation and minority shareholder approval requirements in relation to the amended agreements [3]. Group 3: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on various precious metal and critical mineral mining projects [4].