As Dolly Varden Silver (DV.V)(DOLLF.US) has completed their 55,000m drill program at Kitsault Valley a month ago, the treasury could use some freshly incoming capital, and since the company has no shortage of strong backers, this time shareholder Hecla Mining (HL.US)

After hitting impressive intercepts like 25m @ 46,3g/t Au at Homestake Ridge and 15,94m @ 1499g/t Ag at the Wolf Vein, Dolly Varden Silver (DV.V)(DOLLF.US) seems to have taken the main stage of successful exploring juniors.

Beside the headline-grabbing results, this has also a lot to do with the increasing tonnage potential because of these stellar results, as beforehand years of drilling under different management didn’t seem to make much of an impact, since the resource barely increased.

After announcing a C$5.3M investment at February 23, 2022 at a share price of C$0.59 in Dolly Varden Silver (DV.V)(DOLLF.US), maintaining their equity interest at 10.25%, Hecla Mining (HL.US) decided to invest further in the company, as part of a larger round led by Eventus Capital and Research Capital, which also saw other existing shareholder Eric Sprott participating again.

After a failed hostile take over attempt of Dolly Varden Silver (DV.V)(DOLLF.US) in in the past, Hecla Mining (HL.US) now resorts to maintaining their pro-rata equity interest in the company these days, as it exercised its anti-dilution right regarding the Homestake Ridge transaction.