Great Western Mining (GWMO) H1 2025 earnings summary

Executive summary

• Loss for the six months ended 30 June 2025 was €485,576, compared to a loss of €441,343 for the same period in 2024 and €1,741,056 for the year ended 31 December 2024.

• Raised £1.25 million to fund exploration, completed a share capital reorganisation, and advanced key projects in Nevada focused on copper, gold, silver, and tungsten.

• Drilling at Huntoon Copper Project and Rhyolite Dome gold prospect set to commence in October 2025.

• Funding discussions ongoing to commission a constructed and permitted mill for precious metals processing.

• High tungsten grades identified at Pine Crow/Defender prospects, with further lab results pending.

Financial highlights

• Administrative expenses for the period were €486,576, up from €443,005 in the prior year period.

• Loss before tax was €485,232 for H1 2025, compared to €441,343 in H1 2024.

• Basic and diluted loss per share was €0.0085, compared to €0.0001 in H1 2024.

• Cash and cash equivalents at 30 June 2025 stood at €1,238,490, up from €91,003 at 30 June 2024.

• Net cash from financing activities was €1,377,322, reflecting successful share placings.

Outlook and guidance

• Near-term catalysts include drilling campaigns at Rhyolite Dome and West Huntoon, and ongoing tungsten exploration.

• The company is seeking joint venture partners to accelerate copper project development.

• Market fundamentals and U.S. focus on domestic supply security support the strategic value of the commodity mix.