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Merger update: Dolly Varden (TSXV: DVS) sets share election steps

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6-K

Rhea-AI Filing Summary

Dolly Varden Silver Corporation provides procedural details for shareholders ahead of its proposed merger of equals with Contango ORE, Inc. via a court-approved plan of arrangement. The company explains how registered shareholders holding Dolly Varden shares through direct registration statement can submit their Letter of Transmittal and Election Form by email to request exchangeable shares as consideration.

The Letter of Transmittal and Election Form must reach the depositary by 5:00 p.m. Eastern Time on March 24, 2026. Shareholders who do not submit a valid election by the deadline will, by default, receive Contango voting common stock. The arrangement remains subject to approval by the British Columbia Supreme Court, with a final hearing scheduled for March 23, 2026, and closing expected to follow shortly after, subject to customary conditions.

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Insights

Dolly Varden refines shareholder mechanics as its Contango merger approaches court approval.

The update focuses on how registered Dolly Varden shareholders, particularly those using direct registration statement, can elect to receive exchangeable shares in the proposed merger with Contango ORE, Inc.. Allowing email submission of the Letter of Transmittal and Election Form streamlines participation for these holders.

The communication emphasizes the March 24, 2026 5:00 p.m. Eastern election deadline and clarifies that the default consideration is Contango voting common stock if no valid election is made. The merger remains contingent on a March 23, 2026 British Columbia Supreme Court hearing and other customary closing conditions.

From an investor perspective, this is an administrative but timely step in executing the already-announced merger of equals. The ultimate impact on shareholders will depend on completion of the arrangement and the relative performance and strategy of the combined entity after closing.


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 19, 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 20, 2026 By: /s/Ann Fehr
  Name: Ann Fehr
  Title: Chief Financial Officer



DOLLY VARDEN PROVIDES UPDATE ON EXCHANGEABLE SHARE ELECTION PROCESS

Vancouver, BC - March 19, 2026 - Dolly Varden Silver Corporation ("Dolly Varden" or the "Company") provides an update for its registered shareholders who hold their Dolly Varden common shares (the "Dolly Varden Shares") via direct registration statement ("DRS") on how they may submit their Letter of Transmittal and Election Form with the depositary in order to receive exchangeable shares as consideration under its proposed merger of equals with Contango ORE., Inc. ("Contango") by way of a court approved plan of arrangement, (the "Arrangement") which is expected to close next week. Email submission is, unfortunately, not available for registered shareholders holding share certificates.

If you are a registered shareholder who is an Eligible Holder and  who holds your Dolly Varden Shares via DRS (or holds Dolly Varden Shares on behalf of an Eligible Holder via DRS), and you wish to receive exchangeable shares as a result of the Arrangement  for all or part of your Dolly Varden Shares, you may complete and deposit the Letter of Transmittal and Election Form,  that was mailed to you, via email to the depositary at onlinedeposits@computershare.com (rather than submitting by mail or hand delivery). If you are submitting documents to the depositary via email, all submitted documents must be in PDF format (pictures or other digital formats will not be accepted) and the PDF files must not be password protected. A copy of the Letter of Transmittal and Election Form is also available under the Company's profile on SEDAR+ and in the Special Meeting area of the Company's website.

We remind all registered shareholders that your Letter of Transmittal and Election form must be provided to the depositary by 5:00pm Eastern Time on Tuesday, March 24, 2026 (the "Election Deadline"). Shareholders will, by default, receive shares of voting common stock of Contango if the 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 with respect to such election and deposit of their Dolly Varden Shares.

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.

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.


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.


FAQ

What does Dolly Varden Silver (DVS) announce in this March 2026 update?

Dolly Varden Silver explains how registered shareholders using direct registration statement can submit their Letter of Transmittal and Election Form by email to elect exchangeable shares in its proposed merger of equals with Contango ORE, Inc., subject to court approval and customary conditions.

What is the election deadline for Dolly Varden (DVS) shareholders in the Contango merger?

The election deadline is 5:00 p.m. Eastern Time on March 24, 2026. By that time, registered shareholders must ensure the depositary receives a properly completed Letter of Transmittal and Election Form if they wish to receive exchangeable shares instead of default Contango voting common stock.

What happens if a Dolly Varden (DVS) shareholder does not submit an election form?

Shareholders who do not submit a properly completed Letter of Transmittal and Election Form by the March 24, 2026 deadline, or fail to meet the requirements, will by default receive shares of voting common stock of Contango ORE, Inc. as consideration under the proposed plan of arrangement.

Can Dolly Varden (DVS) shareholders submit merger election documents by email?

Eligible registered shareholders holding Dolly Varden shares via direct registration statement may submit their completed Letter of Transmittal and Election Form by email to the depositary. Documents must be in non-password-protected PDF format. Email submission is not available for shareholders holding physical share certificates.

What approvals are still required for the Dolly Varden–Contango merger to close?

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

Where can Dolly Varden (DVS) shareholders find the Letter of Transmittal and Election Form?

A copy of the Letter of Transmittal and Election Form is available under Dolly Varden Silver Corporation’s profile on SEDAR+ and in the Special Meeting area of the company’s website. It was also mailed directly to registered shareholders eligible to participate in the election process.

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Dolly Varden Silver Corp

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