Alexco plans 5M-share Dolly Varden Silver (DVS) Rule 144 sale

Rhea-AI Filing Summary

Dolly Varden Silver Corp. insider plans major share sale under Rule 144. Alexco Resource Corp. has filed to sell 5,000,000 shares of Dolly Varden Silver common stock through RBC Capital Markets on the TSX, with an aggregate market value of $38,700,000. These shares are part of a larger base of 90,913,545 common shares outstanding.

The shares being sold were originally acquired on February 25, 2022 via a subscription of shares paid in cash. In the past three months, Alexco Resource Corp. has already sold additional Dolly Varden Silver common shares, including 490,000 shares on January 20, 2026 and 370,000 shares on January 21, 2026, for gross proceeds of about $3.65 million and $2.64 million respectively. By signing the notice, the seller represents that it is not aware of undisclosed material adverse information about Dolly Varden Silver’s operations.

Insights

Equity capital markets analyst

Large Rule 144 resale by a corporate holder, with recent additional sales.

This notice shows Alexco Resource Corp. planning to sell 5,000,000 shares of Dolly Varden Silver Corp. common stock under Rule 144, with an indicated market value of $38,700,000.00. The filing also notes 90,913,545 common shares outstanding, which helps frame the relative scale of the planned sale.

The shares were acquired on February 25, 2022 via a cash subscription, so this transaction represents a potential liquidity event for a seasoned holder rather than a primary capital raise for Dolly Varden Silver. Additional sales during the prior three months include 490,000 and 370,000 shares on January 20, 2026 and January 21, 2026, with gross proceeds of $3,652,901.00 and $2,644,797.00.

The actual effect on trading will depend on how quickly the 5,000,000 shares are placed through RBC Capital Markets on the TSX and broader market conditions at the time of sale. The representation that the seller is not aware of undisclosed material adverse information aligns with Rule 144 requirements and indicates that this filing relates to a resale of existing shares rather than new issuance by the company.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	RBC Capital Markets 200 Bay Street South Tower, 5th Floor Toronto A6 M5J 2W7	5000000	38700000.00	90913545	01/22/2026	TSX

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	02/25/2022	Subscription of shares	Dolly Varden Silver Corp			5000000	02/25/2022	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Alexco Resource Corp. 800 W. Pender Street Suite 970 Vancouver A1 V6C 2V6	Common Stock	01/20/2026	490000	3652901.00
Alexco Resource Corp. 800 W. Pender Street Suite 970 Vancouver A1 V6C 2V6	Common Stock	01/21/2026	370000	2644797.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filing disclose for Dolly Varden Silver (DVS)?

The Form 144 discloses that Alexco Resource Corp. intends to sell 5,000,000 shares of Dolly Varden Silver Corp. common stock under Rule 144, with an aggregate market value of $38,700,000.00, through RBC Capital Markets on the TSX.

How many Dolly Varden Silver (DVS) shares are outstanding according to this notice?

The notice states that there are 90,913,545 Dolly Varden Silver common shares outstanding, providing context for the planned sale of 5,000,000 shares.

When and how were the Dolly Varden Silver (DVS) shares being sold acquired?

The 5,000,000 Dolly Varden Silver common shares were acquired on February 25, 2022 through a subscription of shares from Dolly Varden Silver Corp., with payment made in cash on the same date.

Which broker and exchange are involved in the planned Dolly Varden Silver (DVS) share sale?

The planned sale will be executed through RBC Capital Markets, located at 200 Bay Street, Toronto, with the shares to be sold on the TSX (Toronto Stock Exchange).

What recent Dolly Varden Silver (DVS) share sales by Alexco Resource Corp. are disclosed?

The filing lists prior sales by Alexco Resource Corp. in the last three months: 490,000 common shares sold on January 20, 2026 for gross proceeds of $3,652,901.00, and 370,000 common shares sold on January 21, 2026 for gross proceeds of $2,644,797.00.

Does the seller make any representation about inside information in this Dolly Varden Silver (DVS) filing?

Yes. By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about Dolly Varden Silver’s current or prospective operations that has not been publicly disclosed.