Wyoming Reserve Launches $115 Million Stock Offering for Precious Metals Business in Opportunity Zone
The Wyoming Reserve is offering up to 10 million shares at $11.50 each to expand its precious metals acquisition, storage, and transportation operations while providing investors with potential tax advantages through its opportunity zone location.
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 capital. This follows the company's successful initial offering in March 2025, which raised approximately $26 million from accredited investors under Rule 506(c) of Regulation D.
CEO Josh Phair stated that inflation, geopolitical tensions, and economic uncertainty are driving investors toward precious metals as wealth protection. The company aims to provide access to alternative asset classes while minimizing tax liabilities associated with physical gold and silver ownership. According to LBMA data, gold and silver have achieved a 14.2% combined compound annual growth rate over the past five years.
The company operates from a 70,000-square-foot facility in Casper, Wyoming, located within a designated opportunity zone. 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 taxes on silver or gold, corporate income tax, personal income tax, inventory tax, franchise tax, or occupation tax.
Investors may enroll in a smart liquidity feature after one year, allowing monthly repurchases of up to 1% of shares at quarterly stated values, potentially qualifying for long-term capital gains treatment. Repurchases are limited to 5% of outstanding shares quarterly and subject to regulatory compliance. The opportunity zone location may provide tax-free growth on gains held for at least 10 years, avoiding the 28% collectibles tax on physical precious metals.
Capital gains from asset sales within the past 180 days can be invested in the qualified opportunity fund for temporary tax deferral. The offering materials are available to accredited investors who must verify their status under Rule 501 of Regulation D. Shares are subject to transfer restrictions and are not listed on any U.S. exchange, with the offering not reviewed by the SEC.