Press Release
Dolly Varden Silver Acquires Hecla Mining’s Kinskuch Property For $5 Million In Stock
The acquisition of the Kinskuch property from Hecla will triple the total strike length of favorable Jurassic-age Hazelton-group volcanic rocks and associated “Red Line” by adding the Illiance trend to the Kitsault Valley trend.
Canada, 8th May 2025 – Sponsored content disseminated on behalf of Dolly Varden Silver. On May 5, 2025 Dolly Varden Silver (TSXV:DV) (OTC:DOLLF) (FSE: DVQ1) announced that is has signed a definitive agreement to acquire 100% of Hecla Mining Company’s Kinskuch property in northwest BC’s Golden Triangle.
The acquisition of the Kinskuch property will increase Dolly Varden’s tenure area by 400% to consolidate a district scale, contiguous claim package that includes the Kitsault Valley, Big Bulk and Kinskuch projects.
The consolidated land package will be about 77,000 hectares, which is 225 X bigger than New York City’s Central park.
The Kinskuch acquisition allows Dolly Varden Silver (an explorer) and Hecla Mining (a producer) to focus on their respective core strengths.
Hecla has a market cap of USD $3.03 billion. According to Hecla’s SEC Year-end Financial Filings, in 2024 it delivered 16.2 million ounces of silver, 141,923 ounces of gold, generating record sales of $929 million.
Hecla’s 2024 Capital Expenditures on existing mines (Greens Creek, Lucky Friday, Casa Berardi, Keno Hill) totaled $214.5 million.
Hecla has ten exploration projects on the books in the USA, Canada and Mexico. The company’s total 2024 exploration and pre-development spend was $27.3 million, less than 1% of its market cap.
Dolly Varden has a market cap of CND of $291 million. The company does not have an operating mine, therefore does not generate metal sales.
According to DV’s 2024 consolidated financial statements, DV spent $9.8 million on drilling, $1.6 million on geoscience and $1.1 million on sample analytics.
Its total 2024 exploration spend was $17.8 million, about 6% of its market cap.
HL is a producer first. DV is an explorer first.
“Consolidating Dolly Varden’s Kitsault Valley Project with our major shareholder Hecla’s large and underexplored claims covering prospective Hazelton Group rocks will allow for more efficient exploration and enable us to unlock value on our path to be a premier precious metals company.” stated Shawn Khunkhun, President and CEO of Dolly Varden.
“Additionally, we welcome Hecla’s increased share ownership in our Company,” added Khunkhun.
Kinskuch Acquisition Deal Highlights:
- DV to issue Hecla 1,351,963 shares of DV worth $5 million.
- Hecla retains 2% net smelter return royalty (NSR) on the Kinskuch property.
- NSR will include a 50% buyback right, for $5 million, allowing DV to reduce the royalty to 1% at any time.
- Hecla maintains a designated position on DV’s Technical Committee.
- DV and Hecla will collaborate to unlock the potential of the underexplored areas.
“We will be using our structural and lithological framework model developed at the Kitsault Valley Trend that has led our team to significant discoveries such as the Wolf Vein and applying them to exploration of the Illiance Trend,” states Rob van Egmond, VP Exploration for Dolly Varden.
“Hecla was successful in identifying a subparallel trend of silver-rich mineralization, located to the east of our significant silver and gold deposits,” added van Egmond.
The acquisition of the Kinskuch property from Hecla will triple the total strike length of favorable Jurassic-age Hazelton-group volcanic rocks and associated “Red Line” by adding the Illiance trend to the Kitsault Valley trend.
In the May 7, 2025 “Explainer Video” below, van Egmond outlines the exploration history and potential of the new land package.
“Hecla is giving us the rights to explore that land,” stated van Egmond in the video. “We are now the owners, but they still maintain ownership because it is an equity deal.”
“They’ve increased their percentage ownership in Dolly Varden. Indirectly, they still are part owners of that land. They trust us to do the exploration work and unlock the value.”
Both the Kitsault Valley and the Illiance trends are interpreted to be part of a district scale, sub-basin of the Eskay Rift period. The Illiance trend has seen little modern exploration work, limited to localized diamond drilling by Hecla on the three kilometer long, north-south trending Illy epithermal system.
Also included within the acquisition area is the past-producing Esperanza Mine (1910), interpreted as quartz-carbonate veins with similar silver grades to the historic Dolly Varden Mine (1920) hosted in Upper Hazelton sedimentary rocks.
According to a BC government database of historical deposits, “The Esperanza mine produced high-grade, hand-sorted silver ore sporadically between 1911 and 1948. In total, 4662 tonnes of ore with an average grade of 1.77 grams per tonne gold, 983.9 grams per tonne silver were mined”.
The southwestern portion of the acquired claims covers Hazelton Group rocks that trend to within seven kilometers of Goliath Resources’ recently discovered Surebet Zone gold mineralization.
The area south of Big Bulk has the potential to host additional gold-copper porphyry systems along the south trend towards the Kitsault molybdenum porphyry deposit, which is being actively advanced by Newmoly llc.
The Kinskuch property is covered by a recently renewed five-year Exploration Permit on both Nisga’a and Gitanyow Traditional Lands.
“Hecla didn’t walk away from Kinskuch—you could say they traded up, by handing over the property to Dolly Varden in exchange for shares, a royalty, and retaining a board seat,” wrote Jeff Valks, Senior Analyst at The Gold Advisor on May 5, 2025.
“Hecla keeps a stake in any upside without spending a dime on drills—it’s not a core property for them and they want Dolly Varden to drill it.”
The Kinskuch property acquisition is subject to TSX Venture Exchange and NYSE America approvals. It is expected to close in mid-May.
On May 7, 2025, Dolly Varden announced plans for the fully funded 2025 exploration drilling program at its 100% owned Kitsault Valley Project. A minimum planned 35,000 meters of diamond drilling will build on the success of the 2024 program.
Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this GSN release.
Disclaimer: Dolly Varden Silver paid GSN $1,750 for the research, creation and dissemination of this content.
Contact: guy.bennett@globalstocksnews.com
Full Disclaimer: Global Stocks News (GSN) researches and fact-checks diligently, but we cannot ensure our publications are free from error. Investing in publicly traded stocks is speculative and carries a high degree of risk. GSN makes no recommendation to purchase any individual stock. Our publications should be used as a starting point for additional research and “due diligence”. GSN publications contain “forward-looking statements” such as “may,” “anticipate,” “expect,” “project,” “intend,” “plan,” “believe,” which are based on reasonable expectations, but these statements are imperfect predictors of future events. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.
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Press Release
FundFinance Unveils Major Platform Expansion, Automating the Full Spectrum of Fund Credit Instruments
Alexandria, Egypt, 3rd November 2025, ZEX PR WIRE, FundFinance, the leading digital platform for alternative investment credit agreements, today announced a major expansion of its platform capabilities. The rollout allows General Partners (GPs) and Limited Partners (LPs) to fully digitize and automate the entire spectrum of fund financing, including advanced NAV-based loans secured by fund assets and hybrid credit instruments, alongside traditional subscription credit lines.
This significant update addresses the financial sector’s urgent need for technological adoption in the alternative investment space, where highly customized structures and complex documentation still rely heavily on manual processes. FundFinance’s new features are designed to close this gap by transforming slow, spreadsheet-driven operations into real-time, resilient financial architecture.
The expansion is centered on integrating advanced features long sought after by the alternative investment community:
- Comprehensive Instrument Coverage: The platform now fully supports the complete lifecycle of NAV-based and hybrid financing structures, providing unparalleled visibility into these complex deals.
- Automated Covenant Monitoring: Real-time alert systems allow GPs to maintain compliance and proactively manage financial requirements without relying on manual tracking.
- Seamless Integration: Enhanced connectivity with banking and institutional systems streamlines drawdowns, reporting, and management of diverse fund financing products.
By digitizing and automating the entire lifecycle of these complex credit agreements, FundFinance is enabling funds to gain a strategic edge in negotiating with institutional investors and banks. For LPs, this enhanced transparency signals a new level of professionalism and maturity from the management team.
Just as platforms like Carta have standardized cap table management, FundFinance is poised to become the essential backbone for the financial architecture of alternative funds. In an industry that demands capital efficiency, transparency, and operational resilience, this technology is no longer an innovation—it is essential infrastructure.
About FundFinance
FundFinance is the premier digital platform built to automate and manage the full lifecycle of fund credit agreements for the alternative investment industry. Serving General Partners and Limited Partners across private equity, venture capital, and hedge funds, FundFinance provides solutions for subscription credit lines, NAV-based loans, and hybrid instruments. The platform’s mission is to enhance capital efficiency, transparency, and operational resilience across the complex world of fund finance.
Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Samuel Drnda Rejects Multi-Million Dollar Acquisition Offers — Staying Independent to Build the Future of Decentralized Trading
While competitors get absorbed by exchanges, HyroTrader’s founder focuses on building the world’s first decentralized, multi-exchange prop trading infrastructure.
Prague, Czech Republic, 3rd November 2025, ZEX PR WIRE— In an era where billion-dollar acquisitions reshape the trading landscape, Samuel Drnda, founder and CEO of HyroTrader, made a bold and defining decision — he refused multiple acquisition offers worth tens of millions of dollars, choosing vision, innovation, and independence over a lucrative exit.
The offers followed the high-profile acquisition of Breakout by Kraken, one of HyroTrader’s main competitors. Shortly after, Drnda was approached by two of the world’s largest forex prop trading firms and one of the biggest global crypto exchanges, each seeking to fully acquire and absorb HyroTrader’s rapidly growing trading ecosystem.
“Each offer had the same condition — total control,” said Drnda.
“They wanted to buy everything we’ve built and integrate it into their structure. But HyroTrader was never built to be sold. It was built to change how the prop trading industry works.”
A Vision Too Big to Sell
Founded in 2020, HyroTrader quickly evolved from a trading platform into one of the fastest-growing crypto prop trading firms in the world, empowering over 30,000 active traders and achieving consistent month-over-month growth.
By 2024, HyroTrader was featured multiple times as the “Best Crypto Prop Firm” by leading trading and fintech media outlets — a recognition that reflected both its innovation and trader-first approach.
Today, HyroTrader is setting a new global standard with Hyro Protocol, the first decentralized, non-custodial crypto prop trading infrastructure built on Solana.
“From day one, our vision was to build a decentralized prop firm connected to multiple trading exchanges — a true on-chain ecosystem where traders, investors, and liquidity providers interact transparently,” said Drnda.
“We’re not just another prop firm. We’re creating the infrastructure for the next generation of crypto prop trading firms.”
From Bootstrap to Billion-Dollar Vision
HyroTrader’s rise is even more remarkable because it was built entirely without venture capital.
“In the early days, no VC wanted to invest even $200,000. We decided to bootstrap everything from scratch,” said Drnda.
“Now, the same institutions that once ignored us are offering tens of millions to acquire us. That’s the power of staying true to your mission.”
Today, HyroTrader operates profitably and independently, already valued in the hundreds of millions and on track toward becoming the first decentralized billion-dollar prop trading ecosystem.
Beyond Money: The Power of Purpose
Despite the life-changing offers, Drnda’s decision to remain independent was rooted in conviction, not calculation.
“I come from a middle-class family — the offers I received would have changed my life,” he said.
“But I’ve already achieved more than I ever dreamed of. At this stage, it’s not about money; it’s about building something meaningful with people I believe in and creating real impact for traders worldwide.”
After the refusal, Drnda earned even greater respect from the HyroTrader team, partners, and trading community, strengthening the company’s culture of purpose-driven innovation.
“Many founders dream of an exit. I dream of evolution — of building a decentralized, transparent, and trader-owned future.”
The Next Phase: Hyro Protocol
With Hyro Protocol, Drnda and his team are developing the foundation for the next generation of decentralized prop trading firms.
Built on Solana, the protocol will connect multiple trading exchanges into one unified infrastructure, allowing traders, investors, and liquidity providers to interact seamlessly and verifiably on-chain.
“Our mission is to democratize access to trading capital, remove intermediaries, and empower traders globally,” said Drnda.
“Hyro Protocol isn’t just another product — it’s the infrastructure that will power the decentralized trading economy.”
About HyroTrader
HyroTrader is one of the fastest-growing and most recognized crypto prop trading firms in the world, empowering more than 30,000 traders with performance-based funding and transparent trading conditions.
Featured multiple times as the “Best Crypto Prop Firm,” HyroTrader is now building Hyro Protocol — the first decentralized, non-custodial, multi-exchange trading infrastructure on Solana.
Founded by Samuel Drnda in 2020, HyroTrader’s mission is to democratize access to trading capital and build the foundation for the next generation of decentralized prop trading firms.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Merrick Hollander Announces Next-Generation Learning Infrastructure at Harborstone Society
Merrick Hollander has introduced a next-generation AI-powered learning infrastructure at Harborstone Society, designed to transform financial education through adaptive analytics, real-time simulation, and intelligent curriculum design.
United States, 3rd Nov 2025, Grand Newswire – Building the Foundation for Intelligent Learning
Under the direction of Merrick Hollander, Harborstone Society has launched an advanced educational infrastructure that integrates artificial intelligence with interactive learning systems. The initiative aims to modernize the financial education landscape by merging academic theory with practical, data-driven experiences.
The new framework is designed around modular AI architecture, allowing learners to progress through adaptive stages that align with their performance and comprehension. By analyzing behavioral data and simulation outcomes, the system customizes each student’s learning path—creating a more personalized and efficient educational process.
Integrating Technology and Education
This next-generation infrastructure incorporates predictive analytics, behavioral modeling, and real-time data visualization. Learners can experiment with simulated market conditions, test investment strategies, and analyze risk within controlled virtual environments.
According to Hollander, “Financial learning should reflect how markets behave—not how they’re described in textbooks. With AI and simulation, education becomes a living system that evolves with the learner and the world economy.”
This approach empowers students to experience decision-making in real time, building practical competence alongside theoretical understanding.
Adaptive Design for Modern Finance Professionals
The infrastructure also includes the integration of smart evaluation tools that continuously monitor cognitive performance, analytical reasoning, and emotional decision tendencies. These adaptive feedback systems ensure that each participant strengthens not only technical proficiency but also the discipline and critical thinking essential to professional finance.
Harborstone Society’s approach combines classroom education, applied AI systems, and live data environments to cultivate professionals who can adapt to the rapid evolution of modern financial systems.
Global Collaboration and Research Expansion
The project extends beyond institutional education, with Harborstone Society planning partnerships with universities, research centers, and fintech organizations worldwide. These collaborations aim to expand AI learning methodologies and create a unified academic ecosystem for data-driven investment education.
Through this initiative, Hollander reinforces his long-standing commitment to bridging the gap between artificial intelligence, behavioral economics, and practical finance.
About Harborstone Society
Harborstone Society is a financial education and research institution dedicated to advancing the role of artificial intelligence in investment and financial learning. The organization focuses on combining academic insight with real-world experience, providing learners with the tools and systems needed to excel in data-driven finance.
Additional Information Sources
https://www.harborstone-society.com
https://www.harborstone-society.wiki
https://www.harborstone-society.review
https://www.harborstone-reviews.com
https://www.harborstone-overview.com
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FundFinance Unveils Major Platform Expansion, Automating the Full Spectrum of Fund Credit Instruments
Samuel Drnda Rejects Multi-Million Dollar Acquisition Offers — Staying Independent to Build the Future of Decentralized Trading
Merrick Hollander Announces Next-Generation Learning Infrastructure at Harborstone Society
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