**Summary**
Great Western Mining Corporation PLC reported its final results for the year ended December 31, 2025, highlighting significant operational and financial developments. The company prioritized tungsten exploration at the Defender-Pine Crow corridor, expanded its land position, and conducted reconnaissance sampling, yielding promising tungsten grades. It advanced the West Huntoon copper-gold project and continued work on the Huntoon Copper Project. The Rhyolite Dome gold prospect saw IP surveys and maiden RC drilling. Construction of the Western Milling gravity separation plant was completed, with discussions ongoing for strategic partnerships.
Post-period, the company appointed Ed Loye as CEO, raised ยฃ3.25 million for exploration, and secured drilling contractors for tungsten exploration. It also entered an option agreement with KGHM Polska Miedz S.A. for the Eastside Mine copper porphyry project. Financially, the company reported a loss of โฌ1.08 million, net assets of โฌ8.6 million, and cash of โฌ0.07 million at year-end. Post-year-end fundraising and warrant exercises generated approximately ยฃ3.5 million. The CEO emphasized the strategic importance of tungsten and the companys position in a critical minerals-rich region, with a focus on advancing the Defender-Pine Crow project and raising its profile in North American markets.
| Year | Loss (โฌ) | Net Assets (โฌ) | Cash (โฌ) | Debt (โฌ) |
|---|
| 2024 | 1,741,056 | 9,458,826 | 299,345 | 453,837 |
| 2025 | 1,077,474 | 8,601,046 | 65,724 | 770,399 |
**Year-on-Year Comparison:**
- **Loss:** Decreased from โฌ1.74 million in 2024 to โฌ1.08 million in 2025, indicating improved financial performance.
- **Net Assets:** Declined from โฌ9.46 million in 2024 to โฌ8.60 million in 2025, reflecting the impact of the loss and other financial activities.
- **Cash:** Significantly dropped from โฌ299,345 in 2024 to โฌ65,724 in 2025, suggesting increased cash utilization or reduced inflows.
- **Debt:** Increased from โฌ453,837 in 2024 to โฌ770,399 in 2025, indicating higher financial obligations.