How West Red Lake Gold is turning a Failed Mine Into a Huge Opportunity

West Red Lake Gold has officially restarted production at the Madsen Mine, marking a major milestone in the turnaround of a previously failed asset. In this conversation, Jay sits down with CEO Shane Williams to unpack how the company acquired and de-risked the project, the operational strategy behind the restart, and what comes next as production ramps through 2026. With a clear plan to scale from 50,000 to over 100,000 ounces annually, a strong technical team, and additional upside from high-grade zones and satellite deposits, this interview explores the path toward becoming a mid-tier gold producer and why the market may not be fully pricing it in yet. West Red Lake Gold Mines (TSXV: WRLG | OTCQX: WRLGF) https://westredlakegold.com/ Suite 3123 – 595 Burrard Street Three Bentall Centre Vancouver, BC V7X 1J1 Canada Corporate Head Office Phone: 1-604-569-5559 Investor Relations Email: [email protected] Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://linkly.link/26yH8 Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 – First Gold Pour & Restarting Madsen 1:10 – Acquiring a Failed Mine & Strategic Advantage 3:04 – What Went Wrong Previously & De-Risking the Asset 5:10 – Drilling Strategy & Understanding the Orebody 7:25 – Vision: Building a Mid-Tier Gold Producer 8:34 – 2026 Production Ramp-Up & Operational Plan 10:26 – Growth Strategy: PFS, Rowan & Scaling Production 12:12 – Hub-and-Spoke Model & Red Lake Expansion 14:21 – High-Grade Potential & Future Mining Zones 17:12 – Production Timeline & Back-End Loaded Growth 20:02 – Valuation Gap & Market Opportunity 21:00 – Team Strength & Execution Strategy 22:08 – Mine Life Expansion & Gold Price Impact 24:07 – Permitting & Fast-Track Opportunities 26:10 – Comparable Turnaround Success Stories 28:26 – Capital Strategy, Warrants & Balance Sheet 31:22 – Long-Term Vision & Closing Thoughts Disclaimer: West Red Lake Gold Mines has paid for this video production. Questions are not exchanged prior to the interview and it is ultimately the discretion of the Jay Martin Show as to how the interview gets published. Copyright © 2025 Cambridge House International Inc. All rights reserved.