West Red Lake Gold Mines

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Primary tickers: TSXV: WRLG, OTCQB: WRLGF
Stage of development: Exploration, Production
Primary mineral: Gold
Projects to promote: Madsen Gold Mine, Rowan Project
Project location: Red Lake District, Ontario
Website: westredlakegold.com
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West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 sq-Km highly prospective land package in the Red Lake Gold District of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world’s richest gold deposits. West Red Lake Gold also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 sq-Km including three past producing gold mines – Rowan, Mount Jamie, and Red Summit.

Cash: CAD 15M
Debt: NIL

Major shareholders:
Sprott – 23.4%
Institutions – 16%
Frank Giustra – 11.8%
VanEck Gold Fund – 6.5%
Accilent Capital Management – 5.1%
Management ownership- 4.3%

Financials

Management Profile

Shane Williams, President & CEO

Prior to joining West Red Lake, Mr. Shane Williams was the Chief Operating Officer for Skeena Resources where he was involved in advancing the past producing Eskay Creek Gold project towards a restart. Between 2013-2019 he was Vice President of Operations and Capital Projects at Eldorado Gold where under his leadership the Lamaque Gold project was brought from Preliminary Economic Assessment (PEA) to commercial operation in just 18-months. He also served as Project Director for Eldorado Gold for their Greek assets and was responsible for the development of both the Skouries and Olympias projects which together had a capex of over US$1B. Mr. Williams has extensive open-pit development experience from his time working with Rio Tinto at the Iron Ore Company of Canada and at Kaunis Iron in Northern Sweden where he, as Project Director, was responsible for the successful staged development of this large, open-pit iron ore operation from early exploration into commercial operation over a rapid 3.5 year period.

Mr. Williams has a B.Eng. in Electrical Engineering from the Dublin Institute of Technology Ireland and an M.Sc. in Project Management from the University of Limerick Ireland.

What is your rationale for taking part in 121 Mining Investment?

What recent news would you like to highlight to investors attending?

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

6 Months:

12 Months:

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

What do you think makes your company such a compelling investment?

What are the top 3 key investor takeaways?

Put the Madsen Mine back into production in 2025.