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Dolly Varden Silver (DVS) investors approve all-share merger with Contango

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Form Type
6-K

Rhea-AI Filing Summary

Dolly Varden Silver Corporation shareholders have overwhelmingly approved a previously announced merger of equals with Contango ORE, Inc.. A special resolution authorizing a court-approved plan of arrangement passed with 38,459,708 votes for and 476,846 against, representing 98.78% support.

Under the arrangement, each Dolly Varden share will be exchanged for 0.1652 of a Contango common share or, for eligible holders who properly elect, 0.1652 of an exchangeable share in a Contango subsidiary. The transaction remains subject to British Columbia Supreme Court approval at a hearing scheduled for March 23, 2026 and other customary conditions.

After completion, Dolly Varden shares are expected to be delisted from the TSX Venture Exchange and NYSE American, and the company expects to apply to cease being a reporting issuer in applicable Canadian jurisdictions. Contango stockholders have also approved the merger, and Dolly Varden has set a March 24, 2026 deadline for eligible registered shareholders to elect exchangeable shares.

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Insights

Shareholders on both sides strongly back a merger that will remove Dolly Varden from public markets once court approval is obtained.

The key development is shareholder approval of a merger of equals between Dolly Varden Silver and Contango ORE. Dolly Varden’s special resolution passed with 98.78% support, and Contango stockholders also approved related matters, clearing major voting hurdles for the transaction.

The arrangement exchanges each Dolly Varden share for 0.1652 Contango shares or, for eligible electing holders, 0.1652 exchangeable shares in a Contango subsidiary. Completion still depends on British Columbia Supreme Court approval on March 23, 2026 and customary closing conditions, so timing and final structure hinge on that outcome.

Once closed, Dolly Varden shares are expected to be delisted from the TSX-V and NYSE American, and the company plans to seek reporting issuer status cessation in Canada. Investors in Dolly Varden face a transition from holding a standalone Canadian explorer to owning Contango equity or exchangeable shares, with future disclosures from the combined entity likely defining the post-merger strategy.


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of: March, 2026

Commission File Number: 001-42593

Dolly Varden Silver Corporation
(Translation of registrant's name into English)

595 Burrard Street, Suite 3123

Vancouver BC, Canada V7X 1J1
(604) 609-5137
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [    ] Form 40-F [ X ]


EXHIBIT INDEX

Exhibit Description
   
99.1 News Release dated March 17, 2026
   
99.2 Report of Voting Results dated March 17, 2026


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Dolly Varden Silver Corporation
     
     
Date: March 17, 2026 By: /s/Ann Fehr
  Name: Ann Fehr
  Title: Chief Financial Officer



DOLLY VARDEN RECEIVES SHAREHOLDER APPROVAL FOR MERGER WITH CONTANGO ORE

  • Dolly Varden shareholders overwhelmingly approve proposed merger of equals with Contango ORE, Inc.

  • Dolly Varden sets election deadline for exchangeable share election of March 24, 2026

  • Contango stockholders have also approved the merger

Vancouver, BC - March 17, 2026 - Dolly Varden Silver Corporation ("Dolly Varden" or the "Company") is pleased to announce that the Company's shareholders have overwhelmingly approved its previously announced merger of equals with Contango ORE., Inc. ("Contango") at a special meeting of shareholders held earlier today (the "Meeting").

At the Meeting, Company shareholders approved the acquisition of all the issued and outstanding common shares of Dolly Varden (the "Dolly Varden Shares") by 1566004 B.C. Ltd, a wholly owned subsidiary of Contango ("Acquireco"), pursuant to a court approved plan of arrangement initially announced on December 8, 2025 (the "Arrangement"). The special resolution approving the Arrangement was approved by 98.78% of the votes cast by Dolly Varden shareholders present in person or represented by proxy at the Meeting.

Under the Arrangement, each Dolly Varden Share will be exchanged for 0.1652 of a share of voting common stock in Contango (each whole share being, a "Contango Share"), or, for Eligible Holders (as such term is defined in the Arrangement Agreement, as defined below) who validly elect, 0.1652 of an exchangeable share in the capital of Acquireco (each whole share being, an "Exchangeable Share"), in each case subject to the terms and conditions of the arrangement agreement dated December 7, 2025, as amended February 11, 2026, between the Company, Contango and Acquireco (the "Arrangement Agreement"). For further information on the Arrangement, please refer to the Company's management information circular prepared in respect of the Meeting and the Arrangement Agreement which is available under the Company's profile on SEDAR+ (www.sedarplus.ca).

The Arrangement remains subject to approval of the British Columbia Supreme Court (the "Court") and the satisfaction of other customary conditions. The Court hearing for the final order to approve the Arrangement is currently scheduled to take place on March 23, 2026, and closing of the Arrangement is expected follow shortly thereafter. Following completion of the Arrangement, the Dolly Varden Shares are expected to be delisted from the TSX-V and the NYSE American. An application is also expected to be made for the Company to cease to be a reporting issuer in the applicable jurisdictions of Canada upon closing of the Arrangement.

The Company is also pleased to announce that Contango stockholders also provided their approval of the Arrangement and certain related matters at a special meeting of Contango stockholders that was held today.

Exchangeable Shares Election Deadline

If you are a registered shareholder who is an Eligible Holder (or holding Dolly Varden Shares on behalf of an Eligible Holder) and you wish to receive Exchangeable Shares as the form of consideration for all or part of your Dolly Varden Shares, you will need to complete and deposit the Letter of Transmittal and Election Form that was mailed to you together with the other Meeting materials by Tuesday, March 24, 2026 (the "Election Deadline"). A copy of the Letter of Transmittal and Election Form is also available under the Company's profile on SEDAR+.

If a registered shareholder does not deposit a properly completed Letter of Transmittal and Election Form prior to the Election Deadline, or otherwise fails to comply with the requirements under the Arrangement and Letter of Transmittal and Election Form with respect to such election and deposit of their Dolly Varden Shares, such registered shareholder will receive, in respect of each such Dolly Varden Share for which no valid election was made, the consideration to which they are entitled in the form of Contango Shares.


About Dolly Varden Silver Corporation

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, 25kms by road to tide water. Including the Kitsault Valley Project, the Company has consolidated approximately 100,000Ha of prospective tenure in the Golden Triangle with five past-producing high-grade silver mines including the Dolly Varden, Torbrit, Porter Idaho, Mountain Boy and Esperanza historic mines. The 163 sq. km. Kitsault Valley Project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "Forward-looking Information"). These include statements regarding the Arrangement, including the terms, approval and completion thereof, and the delisting of the Dolly Varden Shares from the TSX-V and NYSE American, the Company ceasing to being a reporting issuer, potential future mineral discoveries, and future plans, projections, objectives, estimates and forecasts and the timing related thereto.

Forward-looking Information is generally identified by the use of words like "will", "create", "enhance", "improve", "potential", "expect", "upside", "growth" and similar expressions and phrases or statements that certain actions, events or results "may", "could", or "should", or the negative connotation of such terms, are intended to identify Forward-looking Information. Although Dolly Varden believes that the expectations reflected in the Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Dolly Varden as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-looking Information. Forward-looking Information involves numerous risks and uncertainties. Such factors include, without limitation: risks related to the closing of the Arrangement and other risks described in Dolly Varden's management information circular related to the Arrangement and the Meeting, as well as its most recently filed annual information form, financial statements and, MD&A and other disclosures (under the heading "Risk Factors" or otherwise) which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-looking Information is designed to help readers understand Dolly Varden's views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Dolly Varden assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Dolly Varden updates any one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified in its entirety by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.



DOLLY VARDEN SILVER CORPORATION

Via SEDAR+ March 17, 2026

British Columbia Securities Commission
Alberta Securities Commission

Saskatchewan Financial Services Commission
The Manitoba Securities Commission
Ontario Securities Commission

Financial and Consumer Services Commission (New Brunswick)
Nova Scotia Securities Commission
The Office of the Superintendent of Securities, Prince Edward Island
Office of the Superintendent of Securities, Service Newfoundland and Labrador

RE: Dolly Varden Silver Corporation - Report of Voting Results

In accordance with Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations, the matters voted upon and the outcome of the votes at the Special Meeting of shareholders of Dolly Varden Silver Corporation ("Dolly Varden" or the "Company") held on March 17, 2026 in Vancouver, British Columbia (the "Meeting") are set out below. The Matter set out below is described in greater detail in the Company's management information circular dated February 11, 2026 (the "Circular").

Approval of Arrangement Resolution

Shareholders considered a special resolution, the full text of which is set forth in Appendix "B" to the Circular, to approve a plan of arrangement involving Contango ORE, Inc., 1566004 B.C. Ltd., Dolly Varden, and Dolly Varden's shareholders, pursuant to Division 5 of Part 9 of the Business Corporations Act (British Columbia), all as more particularly described in the Circular. The results of the votes cast by shareholders present in person or by proxy at the Meeting were as follows:

Votes For Votes Against
38,459,708 476,846
(98.78%) (1.22%)

  DOLLY VARDEN SILVER CORPORATION
   
By: "Ann Fehr"
  Name: Ann Fehr
    Title: Chief Financial Officer


FAQ

What did Dolly Varden Silver (DVS) shareholders approve in March 2026?

Shareholders approved a merger of equals with Contango ORE, Inc. They passed a special arrangement resolution with 38,459,708 votes for and 476,846 against, representing 98.78% support at the March 17, 2026 special meeting in Vancouver.

What will Dolly Varden Silver (DVS) shareholders receive in the Contango merger?

Each Dolly Varden share will be exchanged for 0.1652 Contango common shares or, for eligible electing holders, 0.1652 exchangeable shares in a Contango subsidiary. The choice depends on eligibility and proper completion of the Letter of Transmittal and Election Form.

What approvals remain before the Dolly Varden and Contango merger closes?

The arrangement remains subject to approval by the British Columbia Supreme Court and other customary conditions. The court hearing for the final order is scheduled for March 23, 2026, after which closing of the arrangement is expected to follow shortly.

When is the exchangeable share election deadline for Dolly Varden (DVS) holders?

Eligible registered shareholders, or those holding for an eligible beneficial owner, must submit a properly completed Letter of Transmittal and Election Form by Tuesday, March 24, 2026. Those not making a valid election will receive Contango common shares as their consideration.

What happens to Dolly Varden Silver (DVS) shares after the Contango merger closes?

After completion of the arrangement, Dolly Varden shares are expected to be delisted from the TSX Venture Exchange and NYSE American. The company also expects to apply to cease being a reporting issuer in applicable Canadian jurisdictions following closing.

How strongly did Dolly Varden shareholders support the arrangement resolution?

The arrangement resolution received 38,459,708 votes for and 476,846 against, equating to 98.78% of votes cast in favor. This indicates very strong shareholder backing for the merger structure and plan of arrangement described in the management information circular.

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Dolly Varden Silver Corp

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