Amendment: SEC Form SCHEDULE 13D/A filed by Dolly Varden Silver Corporation
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
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DOLLY VARDEN SILVER CORPORATION (Name of Issuer) |
Common Shares (Title of Class of Securities) |
256827783 (CUSIP Number) |
David C. Sienko 6500 N. Mineral Dr., Suite 200, Coeur d'Alene, ID, 83815 2087694100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
01/22/2026 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 256827783 |
| 1 |
Name of reporting person
HECLA MINING CO/DE/ | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
 (a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
8,358,337.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
9.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
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| CUSIP No. | 256827783 |
| 1 |
Name of reporting person
Hecla Canada Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
CANADA (FEDERAL LEVEL)
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
8,358,337.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
9.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
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| CUSIP No. | 256827783 |
| 1 |
Name of reporting person
Hecla Quebec Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
CANADA (FEDERAL LEVEL)
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
8,358,337.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
9.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Shares | |
| (b) | Name of Issuer:
DOLLY VARDEN SILVER CORPORATION | |
| (c) | Address of Issuer's Principal Executive Offices:
SUITE 1130 - 1055 W HASTINGS STREET, VANCOUVER,
BRITISH COLUMBIA, CANADA
, V6E 2E9. | |
Item 1 Comment:
EXPLANATORY NOTE
This Amendment No. 1 to Schedule 13D (this "Amendment No. 1") amends and supplements the Schedule 13D filed on May 30, 2025 (the "Schedule 13D") with the U.S. Securities and Exchange Commission (the "SEC"), relating to the common shares of Dolly Vardon Silver Corp. (the "Issuer"). Unless specifically amended hereby, the disclosures set forth in the Schedule 13D remain unchanged. Capitalized terms used in this Amendment No. 1 that are not otherwise defined herein have the meanings attributed to them in the Schedule 13D. | ||
| Item 4. | Purpose of Transaction | |
Item 4 of the Schedule 13D is hereby amended and supplemented as follows:
The purpose of this Amendment No. 1 is to reflect that, between January 20, 2026 and February 3, 2026, Hecla Canada Ltd. sold an aggregate of 3,600,000 Common Shares of the Issuer at weighted average prices per share set forth in Item 5(c) of this Amendment No. 1. Hecla Canada Ltd. effected such sale transactions in the open market on the TSX-Venture Exchange. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Items 5(a), (b) and (c) of the Schedule 13D are hereby amended and restated as follows:
Hecla Canada Ltd.: 7,006,374 (7.7%); Hecla Quebec Inc.: 1,351,963 (1.5%) | |
| (b) | Hecla Mining Company, which is a publicly traded entity listed on the New York Stock Exchange, is the sole shareholder of Hecla Canada Ltd. and Hecla Quebec Inc. Each of Hecla Mining Company, Hecla Canada Ltd. and Hecla Quebec Inc. have shared voting power and shared dispositive power over 8,358,337 Common Shares of the Issuer. | |
| (c) | Hecla Canada Ltd. effected the following sale transactions in Common Shares of the Issuer in the open market on the TSX-Venture Exchange on the dates indicated below. Such transactions are the only transactions in Common Shares of the Issuer by the Reporting Persons in the 60 days preceding the filing of this Amendment No. 1, or since the most recent filing of Schedule 13D by the Reporting Persons, whichever is less.
Trade Date Number of Common Shares Sold Weighted Average Price Per Share
01/20/26 490,000 $7.4549
01/21/26 370,000 $7.1481
01/22/26 690,000 $7.7274
01/23/26 650,000 $7.6885
01/26/26 250,000 $7.9700
01/27/26 300,000 $7.0667
02/03/26 850,000 $6.4388
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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