Dolly Varden Silver Corp
Primary ticker: TSXV: DV, OTCQX: DOLLF
Stage of development: Exploration
Primary minerals: Silver, Gold
Project to promote: Kitsault Valley Project
Project location: Golden Triangle, BC
Website: dollyvardensilver.com
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project located in the Golden Triangle of British Columbia, Canada, 25kms by road to deep tide water.
The 163 sq. km. 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 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).
Cash: CAD 18M
Debt: NIL
Major shareholders:
Fury Gold Mines – 19%
Hecla Mining – 15%
Eric Sprott – 10%
Fidelity Investments – 7.5%
Management Ownership – 3%
Financials
Management Profile
Shawn Khunkhun – President & CEO
Mr. Shawn Khunkhun has over 20 years of expertise in capital markets and mineral exploration, with a strong focus on creating shareholder value. Over his career, he has facilitated over $2 billion in capital raises, playing a transformative role in advancing exploration, development, and production companies. In his leadership roles as CEO, Director, and Executive Chairman, Mr. Khunkhun has been instrumental in elevating the profiles of undervalued companies and driving strategic growth.
Mr. Khunkhun’s success in incubating and scaling companies through capital raises, acquisitions, and spinouts is powered by an extensive network of high-net-worth investors, private equity, institutional investors, analysts, brokers, and bankers.
Mr. Khunkhun currently serves as a Director of Goldshore Resources and Gladiator Metals and as Director & Executive Chairman of Strike Point Gold. Additionally, he advises West Red Lake Gold Mines, Nations Royalty, and NexGold and is the Founder of Argenta Silver.
What do you think makes your company such a compelling investment?
2. Team: our team has a proven track record of success with several board members being involved with companies like Newmont, Hecla, and Coeur and entrepreneurs that have made a career selling companies to Kinross and Agnico, to mention a few.
3. Cash: due to supportive shareholders, the company has the capital to unlock the incredible mineral potential of the Golden Triangle.
What are the top 3 key investor takeaways?
Since 2020, the Company has undergone significant growth & changes:
1. We’ve tripled our resource by acquiring Homestake Ridge from Fury Gold Mines, drilled over 100,000m and made discoveries in the areas never explored before;
2. We’ve increased the Company’s valuation from $20M to $300M and raised over CAD $120M;
3. We rebuilt and enhanced the team.