Wyoming Reserve Announces $115 Million Common Stock Offering for Precious Metals Operations

The Wyoming Reserve Opportunity Zone Fund Corporation announced a new offering of up to 10 million shares of common stock at $11.50 per share, targeting $115 million in aggregate funding under Rule 506(c) of Regulation D. This follows the company's successful initial offering in March 2025, which raised approximately $26 million from accredited investors.

CEO Josh Phair cited inflation, geopolitical tensions, and economic uncertainty as drivers behind increased investor interest in precious metals as wealth protection assets. The company aims to provide an alternative investment avenue that minimizes tax liabilities associated with physical gold and silver ownership. The core business model involves generating income from precious metals transactions and fee-based services including vaulting, transportation, and fulfillment for commercial clients through a high-security facility.

The Wyoming Reserve operates from a 70,000-square-foot facility located in a designated opportunity zone in Casper, leveraging Wyoming's favorable business environment. The state ranks first for business tax climate and as a sound money state, with no taxes on gold or silver, no corporate or personal state income taxes, and no inventory, franchise, or occupation taxes.

A key feature for investors is the "smart liquidity" repurchase program, allowing shareholders to request repurchase of up to 1% of their shares monthly after a one-year holding period. Repurchases occur at the stated quarterly value and may qualify for long-term capital gains tax treatment. The program is limited to 5% of outstanding shares per quarter on a first-come, first-served basis, subject to regulatory and contractual constraints.

The opportunity zone location provides distinct tax advantages, enabling tax-free growth on gains from investments held for at least 10 years. Investors can defer capital gains taxes from other assets by investing through a qualified opportunity fund, with deferral periods depending on investment timing. This structure helps avoid the 28% collectibles tax typically applied to physical precious metals ownership.

The offering materials are available to accredited investors who must verify their status and understand the speculative nature of the investment. Shares are subject to transfer restrictions and are not listed on any securities exchange. The company emphasizes that forward-looking statements involve risks including regulatory changes, economic conditions, and geopolitical events that could impact performance.