Oracle Commodity Holding and Silver Elephant Amend Existing Coal and Silver Royalty Agreements
Oracle Commodity Holding and Silver Elephant Amend
Existing Coal and Silver Royalty Agreements
Vancouver, British Columbia, August 29, 2025 — Silver Elephant Mining Corp. (“Silver
Elephant”) (TSX: ELEF, OTCQB: SILEF, Frankfurt: 1P2) and Oracle Commodity Holding
Corp. (“Oracle”) (TSX-V: ORCL; OTCQB: ORLCF) 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 t he 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$2 per tonne or 3% of NSR (from the greater of US$3 per
tonne or 5% of NSR). Silver Elephant agreed to provide guarantee of coal royalty payments on
behalf of Silver Elephant’s Mongolian subsidiaries who are the royalty payors.
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
1. Silver royalty based on raw or unprocessed minerals is reduced to 2% of (70% of gross
metal value of sold materials), from 2% of (100% of gross metal value of sold materials).
2. Silver royalty is payable regardless of silver price. Threshold silver price of $30 per oz is
removed.
3. 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 www.silverelef.com.
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
www.silverelef.com
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 www.sedarplus.ca.
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.