Great Western Mining (LSE:GWMO) reported a reduced loss of €1.08 million for 2025 as the company intensified its focus on tungsten exploration, identifying the Defender-Pine Crow corridor as a priority development area following encouraging fieldwork results and recommendations from an independent technical review.
During the year, the company expanded its land holdings across Nevada and continued exploration activities targeting copper and gold at its Huntoon and Olympic projects. Great Western also completed construction of the Western Milling gravity processing plant, while highlighting the growing strategic significance of its portfolio amid favourable market conditions for critical and precious metals.
Since the year-end, the group has strengthened its financial position through a fundraising of approximately £3.5 million. It has also appointed exploration geologist Ed Loye as chief executive officer and accelerated work programmes at Defender-Pine Crow, including detailed geological mapping, gravity surveys and preparations for future drilling campaigns aimed at advancing the tungsten opportunity.
The company also retains exposure to potential future value creation through an option agreement involving KGHM at the Eastside copper porphyry project. The arrangement provides Great Western with the possibility of long-term royalty income while limiting future financial commitments. In addition, management is pursuing a US cross-trading initiative designed to increase visibility among North American investors and broaden access to potential sources of capital.
Despite operational progress, the company’s outlook remains constrained by its financial profile, with no reported revenue, ongoing losses and continued cash outflows. However, technical indicators have been more supportive, with the shares trading above key moving averages and displaying moderately positive momentum. Valuation metrics remain limited by negative earnings and the absence of a dividend.
More about Great Western Mining
Great Western Mining Corporation is a mineral exploration and development company focused on the Walker Lane mineral belt in Nevada, one of the most prospective mining regions in the United States. The company is targeting a range of critical and precious metals, including tungsten, copper, gold and silver, through a portfolio that includes the Defender-Pine Crow tungsten corridor, the Huntoon copper project, the Eastside copper porphyry prospect and the Olympic Gold Project.
Its strategy centres on advancing strategically important mineral assets while capitalising on growing demand for critical raw materials used across industrial, energy transition and technology markets.
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