Dolly Varden Silver Corp Secures $25 Million in Bought-Deal Financing

Dolly Varden Silver Corp, a mineral exploration company based in Vancouver, Canada, has successfully arranged a $25 million bought-deal financing. This strategic move is aimed at advancing the development of the Dolly Varden property in British Columbia. The financing was announced on June 9, 2025, with significant participation from notable investor Eric Sprott.

The financing agreement was facilitated by Research Capital Corporation, serving as the sole bookrunner and co-lead underwriter. This collaboration underscores the confidence in Dolly Varden Silver Corp’s potential and its strategic initiatives in the metals and mining sector.

As of June 5, 2025, Dolly Varden Silver Corp’s close price stood at CAD 4.71, with a market capitalization of CAD 390,080,000. The company’s stock has experienced fluctuations over the past year, reaching a 52-week high of CAD 5.84 on October 20, 2024, and a low of CAD 3.21 on April 7, 2025. Despite a negative price-to-earnings ratio of -14.7, the recent financing is expected to bolster the company’s financial position and support its exploration activities.

This development marks a significant milestone for Dolly Varden Silver Corp as it continues to focus on the exploration and potential development of its flagship property. The involvement of Eric Sprott and Research Capital Corporation highlights the strategic importance of this financing round in the company’s growth trajectory.