FAQ: The Wyoming Reserve's New Common Stock Offering for Precious Metals

What is The Wyoming Reserve’s new offering about?

The Wyoming Reserve is offering up to 10 million shares of common stock at $11.50 per share for a total of $115 million to fund its precious metals business involving acquisition, sale, transportation, and third-party storage services.

Why is this offering significant for investors?

It provides investors access to alternative asset classes with potential tax minimization benefits compared to physical gold/silver ownership, aiming to deliver returns exceeding those of owning physical metals directly.

How does The Wyoming Reserve generate income?

The company generates income from purchasing and selling precious metals, plus fee income from vaulting, transportation, fulfillment, and metal availability services for commercial and industrial customers.

Where is The Wyoming Reserve located and why does it matter?

It operates from a 70,000-square-foot facility in a designated opportunity zone in Casper, Wyoming, which offers tax advantages including no state income tax, no tax on gold/silver, and favorable business climate rankings.

What is the ‘smart liquidity’ feature mentioned?

After holding shares for one year, investors can opt into a repurchase program allowing them to request repurchase of up to 1% of shares monthly (12% annually) at quarterly stated values, potentially qualifying for long-term capital gains tax treatment.

Who is leading The Wyoming Reserve?

Josh Phair serves as CEO and is described as a precious metals industry veteran with experience in the sector.

When did the company complete its previous offering?

The Wyoming Reserve successfully closed its initial common stock offering in March 2025 after raising approximately $26 million from accredited investors.

What are the tax advantages of this investment?

The opportunity zone location may provide federal tax incentives for long-term investment, and the smart liquidity feature allows repurchases to be taxed only on appreciation at long-term capital gains rates.

Are there any limitations on share repurchases?

Yes, repurchases are limited to 5% of outstanding shares each quarter on a first-come, first-served basis and are subject to contractual obligations, regulatory considerations, and compliance with Wyoming and federal law.