ADVANCES IN JUNIOR MINING #38 - DOLLY VARDEN SILVER (EXPANDS IN CANADA'S GOLDEN TRIANGLE)

Dolly Varden Silver Corporation, a Junior mining corporation majoring in silver and gold operations, is scaling new heights in the resource-rich Golden Triangle of British Columbia, Canada. Dolly Varden consistently amplifies its strategic land acquisitions and exploration initiatives while fostering substantial relationships with major mining entities to enhance its profile in the metal mining landscape.

The Company primarily operates the significant Kitsault Valley Project. This project hosts the key areas of the Dolly Varden Property and the Homestake Ridge Property, each holding large deposits of high-grade precious and base metals like silver, gold and copper.

Recent acquisitions like the Kinskuch Property from Hecla Mining Company and the Porter Project from StrikePoint Gold Inc., significantly expanded Dolly Varden's mining portfolio and position within the Triangle. The Company’s strategic interactions depict a panoramic mining network in play, with StrikePoint Gold residing at the nexus due to a direct past transaction.

Dolly Varden acquired StrikePoint's Porter Project in May 2025, a move that fortified Dolly Varden's beneficial position in the Golden Triangle. This transaction awarded common shares to StrikePoint and led the company's shift to Nevada gold projects, post-divesting its BC silver asset. Its connections with Hecla Mining and Fury Gold Mines stemmed from an indirect relationship through their shared shareholder ties with StrikePoint Gold.

Hecla Mining, as a major shareholder and recent property seller, has maintained a substantial association with Dolly Varden.

Similarly, Fury Gold Mines holds a significant stake in Dolly Varden due to previous acquisitions, thereby connecting it with StrikePoint.

Dolly Varden entered into an agreement with a syndicate of underwriters (investment banks). These underwriters agreed to purchase, on a "bought-deal" basis, a combination of common shares and "flow-through shares" from Dolly Varden. This means the underwriters committed to buying the shares themselves, and then they would resell them to investors. The closing of this offering is expected on or about June 26, 2025. and funds raised will be $28.76 million. The well-known participant, Eric Sprott, who already held a 10% stake before this agreement, further asserted his endorsement for mining projects via his participation..

The funds raised by selling various types of shares, specifically flow-through shares, are specially dedicated to exploration, mineral resource expansion, and drilling activities at the Kitsault Valley Project.

With its impressive projects and dynamic exploration program, Dolly Varden presents a compelling investment opportunity, especially for larger mining companies aiming to expand their precious metals portfolios. Its location in a top-tier, prolific mining region further enhances its appeal, suggesting potential for substantial returns.

Share Price –June 23, 2025, -(TSXV:DV)—CAD 4.6

52 week—high $5.84, low-$3.21

Price/Book-        3.6X

Market Cap-        377.9M

SP

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"For information only and not a recommendation to buy or sell shares."

Mining News: www.minestockers.com (Disclosure-the writer is a shareholder of minestockers.com)

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