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Oracle Commodity Holding and Silver Elephant Amend Existing Coal and Silver Royalty Agreements
Newsfile· 2025-08-29 09:30
Core Viewpoint - Silver Elephant Mining Corp. and Oracle Commodity Holding Corp. have amended and restated net smelter return royalty agreements for Silver Elephant's Mongolian coal and Bolivian silver properties, replacing previous arrangements [1]. Group 1: Mongolian Coal Properties - The coal royalty has been revised to the greater of US$2 per tonne or 3% of NSR, down from the greater of US$3 per tonne or 5% of NSR [2]. - Silver Elephant will guarantee coal royalty payments on behalf of its Mongolian subsidiaries [2]. Group 2: Bolivian Silver Properties - Silver Elephant is recognized as a control person of Oracle, making them related parties under Multilateral Instrument 61-101 [3]. - The amended royalty agreements are classified as "related party transactions" under MI 61-101, with both companies intending to rely on exemptions from formal valuation and minority approval requirements [3]. - The silver royalty is now based on 2% of 70% of the gross metal value of sold materials, reduced from 2% of 100% [7]. - The threshold silver price of $30 per ounce has been removed, meaning the silver royalty is payable regardless of the silver price [7]. - Silver Elephant will also guarantee silver royalty payments on behalf of its Bolivian subsidiaries [7].
Traction Uranium Announces Securities for Debt Settlement
Globenewswire· 2025-08-06 23:10
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (FRA: Z1K) (the "Company" or "Traction") announces that it has entered into debt settlement agreements (the "Agreements") with a director, an officer, and a consultant of the Company, respectively. Pursuant to the Agreements, the Company has agreed to settle debts in the aggregate amount of $283,400 through the issuance of 1, ...