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Oracle Commodity Holding Corp. ( (TSE:ORCL) ) has issued an announcement.
Oracle Commodity Holding Corp. and Silver Elephant Mining Corp. have amended their net smelter return royalty agreements concerning Silver Elephant’s Mongolian coal and Bolivian silver properties. The revised agreements lower the coal royalty to the greater of US$2 per tonne or 3% of NSR and modify the silver royalty to 2% of 70% of the gross metal value of sold materials, removing the previous threshold silver price of $30 per oz. These changes aim to streamline royalty payments and reflect the companies’ related party status under Multilateral Instrument 61-101.
More about Oracle Commodity Holding Corp.
Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on various precious metal and critical mineral mining projects.
Average Trading Volume: 314,273
Technical Sentiment Signal: Sell
See more insights into ORCL stock on TipRanks’ Stock Analysis page.