Creating a New North American Precious Metals Leader
Contango ORE + Dolly Varden Silver: A Proposed Merger of Equals
FAIRBANKS, Ala. and VANCOUVER, BC, Dec. 8, 2025 /PRNewswire/ – Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) and Dolly Varden Silver Corporation (“Dolly Varden”) (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) are pleased to announce that they have entered into an arrangement agreement (the “Arrangement Agreement”) to combine Contango and Dolly Varden on a merger-of-equals basis pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the “Transaction”). The combination of Contango and Dolly Varden (the combined entity referred to as “MergeCo”) would provide investors with a unique opportunity to participate in the upside of a well-funded North American asset portfolio consisting of the cash flowing high-grade Manh Choh gold mine in Alaska as well as several high-grade silver and gold projects located in British Columbia and Alaska including the Kitsault Valley and Johnson Tract projects.
Upon completion of the Transaction, existing Contango and Dolly Varden shareholders will each own approximately 50% of the outstanding shares of…Read More
Find out even more about the Contango Ore and Dolly Varden Merger Proposal at this link
Contango ORE NYSE American CTGO
Dolly Varden Silver TSX Venture DV NYSE American DVS OTCQX DOLLF FSE DVQ
For more information about the merger, please visit:
https://contango-ore-to-merge-with-dollar-varden-silver.com/
Recorded on December 9, 2025.
In this Natural Resource Stocks company feature, host Andy Millette sits down with Contango ORE chief executive Rick Van Nieuwenhuyse and Dolly Varden Silver chief executive Shawn Khunkhun to walk through a merger they believe creates a new high grade gold and silver platform in North America. Contango brings cash flow from the Manh Choh gold joint venture in Alaska together with the Johnson Tract and Lucky Shot high grade projects, while Dolly Varden contributes the Kitsault Valley district in the Golden Triangle of British Columbia with a long history of high grade silver and gold production and modern discoveries.
Rick explains how the direct ship ore model at Manh Choh keeps capital costs lean by using the existing Fort Knox mill so more cash can be directed into growing Johnson Tract and Lucky Shot instead of building new processing plants. Shawn outlines how Dolly Varden has been building high grade silver and gold inventory across Kitsault Valley and why plugging that exploration engine into a cash flowing producer changes the pace and scale of what they can do.
Together they lay out how this deal is designed to turn what used to be a five year plan into a potential twenty year high grade business focused on jurisdictions investors trust. They talk through capital allocation between operations and drilling, the sequence for advancing each project, and what they want serious precious metals investors and Millettian followers to watch over the next few years as this story plays out. This is a #Millettian level deep dive into a merger of production and discovery in gold and silver.
Key topics
– Why the Contango ORE and Dolly Varden merger matters for high grade metals
– How the Manh Choh direct ship ore model supports growth in Alaska
– Johnson Tract, Lucky Shot, and Kitsault Valley as a combined growth pipeline
– Balancing production and exploration across two tier one jurisdictions
– What long-term gold and silver investors should watch from this story
Company and guest links
Contango ORE company website
https://www.contangoore.com
Contango ORE investors and news
https://www.contangoore.com/investors
Dolly Varden Silver company website
https://dollyvardensilver.com
Dolly Varden Silver investors
https://dollyvardensilver.com/investors
Host block
Host Andy Millette Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@NaturalResourceStocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/theandymillette
LinkedIn https://www.linkedin.com/in/andymillette
Timestamps / chapters (re-sync to final edit)
00:00 Why Contango ORE and Dolly Varden chose to merge
02:00 High grade gold in Alaska meets high grade silver in the Golden Triangle
05:00 Manh Choh cash flow and the direct ship ore model
08:00 Johnson Tract, Lucky Shot, and Kitsault Valley growth pipeline
11:30 From a five year plan to a potential twenty year business
14:00 Capital allocation and funding exploration from operations
17:30 What investors should watch next from the combined company
Financial Disclaimer
The content on NaturalResourceStocks.net and all affiliated channels is for informational purposes only. Natural Resource Stocks and related parties may buy or sell securities of the companies discussed. Nothing in this video or description is, or should be construed as, investment advice. Viewers must do their own due diligence and consult a qualified financial professional before making any investment decision. By watching this video or reading this description you accept full responsibility for your own decisions and agree to hold Galt Consulting Group, NaturalResourceStocks.net, and all affiliates harmless for any loss or damage of any kind.
