A New Chapter Begins as Dolly Varden Silver Completes Merger and Delisting

Contango Silver & Gold Inc. launches post-merger with $100M+ cash, targeting resource expansion and economic studies at its Kitsault Valley project in BC's Golden Triangle.

The corporate identity of Dolly Varden Silver has officially been retired from international trading venues. This follows the successful completion of its merger with Contango ORE, creating a new, consolidated entity now operating under the name Contango Silver & Gold Inc. The combined company is positioning itself with enhanced resources for the upcoming field season in British Columbia.

A Strengthened Financial and Project Foundation

Finalized on March 26, 2026, the merger triggered a series of delistings for the former Dolly Varden stock. Its shares were removed from the TSX Venture Exchange on March 27, followed by a withdrawal from the NYSE American on April 6. Shareholders of record received 0.1652 shares of the new Contango Silver & Gold for each Dolly Varden Silver share they held.

Contango Silver & Gold begins its journey from a position of notable financial strength. With cash reserves exceeding $100 million US and minimal debt, the funding for planned operational activities is secure. The merger portfolio strategically combines the producing Manh Choh gold mine in Alaska with the highly prospective Kitsault Valley project.

Operational Strategy Shifts to Development

With the winter season concluded, the company’s technical teams are preparing to mobilize for work at the Kitsault Valley property. The objective for this asset has been clearly outlined: to advance the project from pure exploration toward technical studies. This shift is aimed at substantiating the economic viability of the mineralized system.

The 2026 exploration strategy will concentrate on expanding the known high-grade mineralization at the Wolf and Homestake Silver deposits. Once late spring snowmelt allows for equipment mobilization, drilling efforts will focus on extending the boundaries of these established zones.

Key Valuation Catalysts on the Horizon

For investors assessing the newly formed Contango Silver & Gold Inc., technical progress in the coming months will be a critical valuation driver. A major upcoming milestone is an updated Mineral Resource Estimate (MRE). This report is expected to incorporate all drill results from the 2024 and 2025 campaigns, providing a consolidated view of the resource base.

These updated resource figures will then serve as the foundation for an inaugural Preliminary Economic Assessment (PEA). This study represents a pivotal next step, as it could offer the first comprehensive quantification of the Kitsault Valley project's potential value within British Columbia's prolific Golden Triangle region.