Core Viewpoint - Oracle Commodity Holding Corp. has clarified its amended net smelter return (NSR) royalty agreements with Silver Elephant Mining Corp., which were initially announced on August 29, 2025, at the request of the TSX Venture Exchange [1]. Group 1: Amended Agreement Details - Under the Amended Agreement, the coal royalty from Silver Elephant's Mongolian coal projects to Oracle Commodity Holding is set at the greater of US$2 per tonne or 3% of NSR, based on the average spot sales price of coal [2]. - The previous royalty of 5% NSR under the original agreement was calculated on an actual sales-price basis, including discounts. The Amended Agreement replaces this with a 3% NSR royalty based on the average spot price, aligning with market conventions and simplifying the pricing methodology without materially altering its economic effect [3]. Group 2: Related Party Disclosure - Silver Elephant is a control person of Oracle Commodity Holding, making the amended royalty agreements "related party transactions" under Multilateral Instrument 61-101. Oracle Commodity Holding relied on available exemptions from the formal requirements under MI 61-101 for these agreements [5]. Group 3: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [6].