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VIDEO - Dolly Varden's Next Chapter as a North American Mid-Tier Precious Metals Company

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Dolly Varden Silver (NYSE American: DVS) announced a proposed merger with Contango ORE as a strategic move to build a consolidated, high-grade precious metals platform in British Columbia's Golden Triangle. The company says it will pursue targeted acquisitions and district-scale consolidation to seek scale, a stronger market presence, and a pathway toward mid-tier precious metals production in a stable jurisdiction.

The video message is presented by Shawn Khunkhun, President & CEO, and outlines the company's next chapter following the proposed transaction.

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Positive

  • Proposed merger with Contango ORE announced
  • District-scale consolidation strategy focused on Golden Triangle

Negative

  • Merger proposed — transaction not presented as completed or final

News Market Reaction 1 Alert

-0.40% News Effect

On the day this news was published, DVS declined 0.40%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Reality Check

$4.52 Last Close
Volume Volume 1,375,747 is at 1.14x the 20-day average of 1,201,824, indicating slightly elevated activity pre-news. normal
Technical Shares at 4.94 are trading above the 200-day MA of 3.78 and 8.15% below the 52-week high of 5.3786.

Peers on Argus

Silver peers like SVM (-5.37%), MAG (-1.96%) and AG (-2.36%) were weaker, while DVS slipped only -0.2%, suggesting a more stock-specific setup ahead of this merger-focused update.

Historical Context

Date Event Sentiment Move Catalyst
Dec 08 Merger announcement Positive -6.0% Merger-of-equals with Contango ORE to form Contango Silver & Gold Inc.
Dec 04 Drill results Positive -0.9% High‑grade gold and silver intercepts expanding shallow trend at Homestake Silver.
Nov 10 Drill results Positive +8.1% Step‑out drilling expanding a high‑grade gold zone at Homestake Silver.
Oct 17 Program update Positive +9.6% Completion of 2025 drill program and new mineralization across Kitsault Valley.
Oct 01 Equity financing Negative +2.8% $30 million bought‑deal financing for exploration at Kitsault Valley.
Pattern Detected

Recent news often prompted outsized moves, with 3 of 5 events showing price reactions that diverged from the apparent news tone.

Recent Company History

Over the last few months, Dolly Varden reported multiple high‑grade drill results and a large 2025 drill program of 56,131 m, alongside a $30 million bought‑deal financing to fund Kitsault Valley exploration. Most recently, a merger-of-equals with Contango ORE to form Contango Silver & Gold Inc. was announced, combining cash-flowing gold production and high‑grade silver‑gold projects. Today’s video update reinforces that strategic merger narrative and the goal of building a North American mid‑tier precious metals platform.

Market Pulse Summary

This announcement reiterates Dolly Varden’s proposed merger with Contango ORE as a foundation for a North American mid‑tier precious metals company. The focus is on district-scale consolidation, high-grade assets in British Columbia’s Golden Triangle, and building production scale. In recent months, the company reported substantial drilling progress and a significant financing to support exploration. Investors may watch for definitive merger approvals, integration milestones, and further resource or development updates across the combined project portfolio.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Dolly Varden Silver Corp. (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) - Shawn Khunkhun, President & CEO of Dolly Varden Silver Corp., highlights the company's proposed merger with Contango ORE Inc as a defining step in building a consolidated, high-grade precious metals platform in British Columbia's Golden Triangle. Through targeted acquisitions and district-scale consolidation, the company is positioning itself to pursue scale, stronger market presence, and a pathway toward mid-tier precious metals production in a stable jurisdiction.



Cannot view this video? Visit:
https://www.youtube.com/watch?v=pozz-47zGD4

About Dolly Varden Silver Corp.

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25km by road to tide water.

To learn more about Dolly Varden, visit their website. For the latest updates, follow Dolly Varden online: X, LinkedIn, Instagram, Facebook, and Telegram.

Contact: Tetiana Konstantynivska tk@dollyvardensilver.com or 1-604-609-5137

About Market One
Market One is North America's leading marketing agency for public companies through our best-in-class content creation and distribution. With our proven methods, we help position companies for meaningful engagement with potential investors through a suite of products across video, editorial, and social media. Clients can enjoy increased visibility and strengthened investor awareness through our relationships with industry-leading media outlets, including BNN Bloomberg, Benzinga, and Barchart.

Contact: Kathleen Estanislao kathleen@marketone.ca or +1 (604)-787-2054

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278994

FAQ

What did Dolly Varden (DVS) announce on December 23, 2025 about Contango ORE?

Dolly Varden announced a proposed merger with Contango ORE to build a consolidated precious metals platform in the Golden Triangle.

How does the proposed Contango ORE merger affect Dolly Varden's (DVS) strategy?

The company says the merger supports targeted acquisitions and district-scale consolidation to pursue scale and a mid-tier production pathway.

Who presented Dolly Varden's announcement about the merger on December 23, 2025?

The video features Shawn Khunkhun, President & CEO of Dolly Varden.

What jurisdiction will Dolly Varden (DVS) focus on after the proposed merger?

The company is positioning operations in British Columbia's Golden Triangle, described as a stable jurisdiction.

Is the Dolly Varden and Contango ORE transaction completed as of December 23, 2025?

No; the companies described the deal as a proposed merger, not a completed transaction.
Dolly Varden Silver Corp

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