Dolly Varden Silver Corp. is pleased to announce that, in connection with the previously announced bought-deal offering announced on June 9, 2025, Research Capital Corporation, as the sole bookrunner and co-lead underwriter, and together with Raymond James Ltd. as co-lead underwriters, on behalf of a syndicate of underwriters, including Haywood Securities Inc. , have provided notice to the Company to exercise the underwriters' option in full for $3,750,500 in gross proceeds, resulting in aggregate gross proceeds of $28,755,500 to the Company, from the sale of a combination of securities of the Company, consisting of: a) 2,445,500 common shares of the Company at a price of $4.60 per Common Share for gross proceeds of $11,249,300, to be issued on a prospectus-exempt basis pursu...