Funding Announcement: Dolly Varden Silver Corporation has entered into an agreement with Haywood Securities and Research Capital Corporation to raise $30,034,000 through a combination of common shares and flow-through shares, aimed at funding exploration and general corporate purposes.
Use of Proceeds: The proceeds from the offerings will be allocated for further exploration and mineral resource expansion at the Kitsault Valley project in British Columbia, as well as for working capital.
Regulatory Approval: The closing of the offerings is expected around October 23, 2025, pending necessary regulatory approvals from the TSX Venture Exchange and NYSE American.
Forward-Looking Statements: The announcement includes forward-looking statements regarding the company's expectations and potential risks, emphasizing that actual results may differ from anticipated outcomes.
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Property, the Homestake Ridge Property and the Kinskuch Property) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 770 square-kilometer project hosts the silver and gold resources of Dolly Varden and Homestake Ridge along with the past-producing Dolly Varden and Torbrit silver mines. The Kitsault Valley Project also contains the Big Bulk property, which is prospective for porphyry and skarn style copper and gold mineralization. Its Porter Property hosts the past producing Porter Idaho silver mine. It also owns American Creek Property (consisting of the Mountain Boy Property, the Silver Crown Property and the Dorothy Property), the Theia Property, the BA Property, and the Red Cliff Property, with an area totaling over 20,000 hectares.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
