# EDGAR Filing Document

**Accession Number:** 0001542028
**File Stem:** 0001193125-26-038161
**Filing Date:** 2026-2
**Character Count:** 12107
**Document Hash:** df5c88897402f5ea3ca78891cf0de645
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-038161.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0001193125-26-038161

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DOLLY VARDEN SILVER CORP
- **CENTRAL INDEX KEY:** 0001542028
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95056
- **FILM NUMBER:** 26600169

**BUSINESS ADDRESS:**
- **STREET 1:** SUITE 1130 - 1055 W HASTINGS STREET
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6E 2E9
- **BUSINESS PHONE:** (604) 687-8566

**MAIL ADDRESS:**
- **STREET 1:** SUITE 1130 - 1055 W HASTINGS STREET
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6E 2E9
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HECLA MINING CO/DE/
- **CENTRAL INDEX KEY:** 0000719413
- **STANDARD INDUSTRIAL CLASSIFICATION:** MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 770664171
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 6500 N MINERAL DRIVE SUITE 200
- **STREET 2:** NONE
- **CITY:** COEUR D'ALENE
- **STATE:** ID
- **ZIP:** 83815-9408
- **BUSINESS PHONE:** 2087694100

**MAIL ADDRESS:**
- **STREET 1:** 6500 N MINERAL DRIVE SUITE 200
- **STREET 2:** NONE
- **CITY:** COEUR D'ALENE
- **STATE:** ID
- **ZIP:** 83815-9408

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**DOLLY VARDEN SILVER CORPORATION**

*(Name of Issuer)*

**Common Shares**

*(Title of Class of Securities)*

**256827783**

*(CUSIP Number)*

**David C. Sienko**<br>6500 N. Mineral Dr., Suite 200<br>Coeur d'Alene ID 83815<br>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)*

| **CUSIP No.** | **256827783** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**HECLA MINING CO/DE/** | Name of reporting person<br>**HECLA MINING CO/DE/** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**8358337.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**8358337.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**8358337.00** | Aggregate amount beneficially owned by each reporting person<br>**8358337.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.2%** | Percent of class represented by amount in Row (11)<br>**9.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **256827783** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Hecla Canada Ltd.** | Name of reporting person<br>**Hecla Canada Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ISRAEL** | Citizenship or place of organization<br>**ISRAEL** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**8358337.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**8358337.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**8358337.00** | Aggregate amount beneficially owned by each reporting person<br>**8358337.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.2%** | Percent of class represented by amount in Row (11)<br>**9.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **256827783** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Hecla Quebec Inc.** | Name of reporting person<br>**Hecla Quebec Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ISRAEL** | Citizenship or place of organization<br>**ISRAEL** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**8358337.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**8358337.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**8358337.00** | Aggregate amount beneficially owned by each reporting person<br>**8358337.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.2%** | Percent of class represented by amount in Row (11)<br>**9.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**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, A1, V6E 2E9

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

### 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.

**Reporting Person:** HECLA MINING CO/DE/

**Signature:** /s/ David C. Sienko

**Name/Title:** Sr. Vice President, General Counsel & Secretary

**Date:** 02/04/2026

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.

**Reporting Person:** Hecla Canada Ltd.

**Signature:** /s/ Robert D. Brown

**Name/Title:** President

**Date:** 02/04/2026

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.

**Reporting Person:** Hecla Quebec Inc.

**Signature:** /s/ Carlos Aguiar

**Name/Title:** President

**Date:** 02/04/2026