Contango Ore and Dolly Varden Silver Corporation (DVS) Announce Merger of Equals

Dolly Varden Silver Corporation (NYSE:DVS) is among the 15 Best Performing Silver Stocks to Buy.

Dolly Varden Silver Corporation (NYSE:DVS) and Contango Ore signed an arrangement agreement to merge in a merger of equals under a statutory plan of arrangement, as reported by TheFly on December 8, 2025. After everything is finished, each company’s stockholders will control around 50% of MergeCo on a fully diluted in-the-money basis. The merged business will own the Manh Choh gold mine in Alaska as well as a number of silver and gold prospects in British Columbia and Alaska, such as Johnson Tract and Kitsault Valley. It is anticipated that MergeCo will be renamed Contango Silver & Gold Inc., with Mike Clark serving as CFO and EVP, Rick Van Nieuwenhuyse as CEO, and Shawn Khunkhun as President. Closing is anticipated in late February or early March 2026, and there will be a $15 million reciprocal termination charge.

According to the company, the 2025 exploration program at Kitsault Valley completed 56,131 meters in 84 drill holes, focusing on new prospects as well as Wolf and Homestake Silver deposits.

The stock is up by 18.58% YTD as of January 21, 2026.

Dolly Varden Silver Corporation (NYSE:DVS) is a mineral exploration business.

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Disclosure: None. This article is originally published at Insider Monkey.