Wyoming Reserve Launches $115 Million Stock Offering for Precious Metals Investment

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. The offering supports the company's core business of purchasing and selling precious metals while generating fee income from vaulting, transportation, and fulfillment services for commercial and industrial clients.

CEO Josh Phair emphasized that economic uncertainty and inflation are driving investors toward precious metals as wealth protection assets. The Wyoming Reserve aims to provide an alternative investment avenue that minimizes tax liabilities typically associated with physical gold and silver ownership. According to data from the LBMA, physical gold and silver have achieved a 14.2% combined compound annual growth rate over the past five years, which the company seeks to exceed through its business model.

The company operates from a 70,000-square-foot facility located in a designated opportunity zone in Casper, Wyoming. Wyoming has been ranked first for business tax climate by The Tax Foundation and as a sound money state by the Sound Money Defense League & Money Metals Exchange. The state imposes no tax on silver or gold, no corporate or personal state income tax, and no inventory, franchise, or occupation taxes, enhancing the investment's appeal.

A key feature for investors is the smart liquidity option, allowing share repurchases of up to 1% monthly after a one-year holding period. Repurchases are made at the stated quarterly value and may qualify for taxation at long-term capital gains rates. Shareholders can also request repurchases on a quarterly basis, subject to a 5% limit of outstanding shares per quarter and compliance with contractual and regulatory obligations.

The facility's location in a qualified opportunity zone offers additional tax benefits, including tax-free growth on gains held for at least 10 years. Investors can defer capital gains taxes from assets sold within the past 180 days by investing in a qualified opportunity fund. This structure helps avoid the 28% collectibles tax associated with physical precious metals ownership, presenting a compelling combination of tax advantages and asset class performance.

Prospective investors must be accredited and should consult tax advisors due to the complex tax implications. The shares are not listed on any securities exchange and involve substantial risks, including the potential loss of the entire investment. The offering has not been reviewed by the SEC or any state regulatory authority, emphasizing the need for thorough due diligence.