Great Western Mining Corporation PLC (GB:GWMO)
LSE:GWMO
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Great Western Mining
(LSE:GWMO)
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Rating:56Neutral
Price Target:
3.50 p
â–²(159.26% Upside)
Action:Reiterated
Date:05/31/26
The score is primarily held back by weak financial performance (pre-revenue, ongoing losses, and persistent negative cash flow), partially offset by a debt-free balance sheet. Technical indicators are comparatively strong with price above major moving averages and positive MACD, but valuation support is limited due to negative earnings and no dividend.
Positive Factors
Debt-free capital structure
A zero-debt balance sheet materially reduces financial distress risk and preserves strategic optionality. For an exploration company this reduces near-term default risk, supports continued drilling or deal-making without mandatory interest or principal servicing, and improves negotiation leverage with potential JV partners or farm-out counterparties.
Negative Factors
Pre-revenue with persistent losses
Being pre-revenue and loss-making means the company cannot self-fund growth; survival and project advancement depend on external financing or partner deals. Persistent losses erode equity over time, increase dilution risk, and raise the bar for demonstrating project economics before markets credit value.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free capital structure
A zero-debt balance sheet materially reduces financial distress risk and preserves strategic optionality. For an exploration company this reduces near-term default risk, supports continued drilling or deal-making without mandatory interest or principal servicing, and improves negotiation leverage with potential JV partners or farm-out counterparties.
Read all positive factors
Great Western Mining (GWMO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£14.73M
Dividend YieldN/A
Average Volume (3M)7.40M
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue GrowthN/A
EPS Growth74.23%
CountryUK
Employees10
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding433,142,520
10 Day Avg. Volume11,025,067
30 Day Avg. Volume7,404,381
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.20
Price to Sales (P/S)0.00
P/FCF Ratio-2.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Great Western Mining Business Overview & Revenue Model
Company Description
Great Western Mining Corporation PLC is a company focused on the exploration and development of mineral properties, with operations spanning the United States, the Republic of Ireland, and the United Kingdom. Its core objective is to identify and ...
How the Company Makes Money
GWMO’s potential income is tied to the exploration and advancement of mineral properties rather than established production (details of current producing mines and recurring operating revenue are not available here, so specific production-related ...
Great Western Mining Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Jun 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.06M | -971.91K | 0.00 | -951.00K | -532.00K |
| Net Income | -1.06M | -1.74M | -953.00K | -792.00K | -536.00K |
Balance Sheet | |||||
| Total Assets | 9.38M | 9.91M | 9.46M | 8.96M | 9.31M |
| Cash, Cash Equivalents and Short-Term Investments | 65.80K | 299.35K | 95.31K | 145.20K | 2.04M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 771.34K | 453.84K | 633.02K | 339.02K | 366.28K |
| Stockholders Equity | 8.61M | 9.46M | 8.83M | 8.62M | 8.95M |
Cash Flow | |||||
| Free Cash Flow | -838.18K | -1.23M | -1.46M | -1.89M | -1.47M |
| Operating Cash Flow | -838.18K | -763.27K | -1.06M | -933.96K | -810.87K |
| Investing Cash Flow | -794.22K | -739.22K | -396.83K | -955.55K | -657.51K |
| Financing Cash Flow | 1.39M | 1.71M | 1.41M | 0.00 | 1.18M |
Great Western Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | £14.73M | -0.63 | -19.17% | ― | ― | 74.23% | |
49 Neutral | £1.97M | 3.75 | -163.85% | ― | ― | ― | |
48 Neutral | £7.86M | -6.52 | -16.00% | ― | ― | 17.86% | |
44 Neutral | £2.67M | -1.81 | -19.98% | ― | -9.02% | 19.51% | |
42 Neutral | £2.20M | 0.40 | -41.22% | ― | ― | ― |
* Basic Materials Sector Average
GB:GWMO
Great Western Mining
3.20
2.23
228.21%
GB:KRS
Keras Resources
1.70
0.50
41.67%
GB:RRR
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0.02
>-0.01
-11.11%
GB:CHF
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1.05
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GB:AFP
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1.50
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114.29%
Great Western Mining Corporate Events
Business Operations and StrategyDelistings and Listing Changes
Great Western Mining Lists on U.S. OTCQB to Tap Critical Minerals Investor Demand
Positive
Jun 8, 2026
Great Western Mining has secured approval for its ordinary shares to begin trading on the U.S. OTCQB market under the ticker GWMOF, adding to its existing listings on AIM and Euronext Growth without issuing new stock. The move is designed to expan...
Business Operations and Strategy
Great Western Mining switches nominated adviser after Davy Group restructuring
Neutral
Jun 2, 2026
Great Western Mining Corporation, a Nevada-focused mineral exploration and development company with a growing emphasis on tungsten alongside copper, gold and silver interests, operates several 100%-owned claim groups in Mineral County. The company...
Business Operations and Strategy
Great Western advances Nevada tungsten corridor ahead of July drilling
Positive
Jun 1, 2026
Great Western Mining has completed initial exploration programmes along a 3 km corridor linking its Defender-Pine Crow tungsten prospect with the existing M2 copper resource in Nevada. The work forms part of a fully funded 2026 campaign aimed at d...
Financial DisclosuresShareholder Meetings
Great Western Mining Sets June Date for AGM and Publishes 2025 Annual Report
Neutral
May 29, 2026
Great Western Mining has called its Annual General Meeting for 25 June 2026 in Dublin, with the notice being mailed to shareholders and teleconference access available for listening only. The board is urging investors to submit proxy votes ahead o...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
Great Western Mining Refocuses on Tungsten as Loss Narrows and Funding Secured
Positive
May 29, 2026
Great Western Mining reported a narrower annual loss of €1.08 million for 2025 and sharpened its focus on tungsten, prioritising the Defender-Pine Crow corridor after strong field results and an independent review. The company expanded its l...
Business Operations and StrategyM&A Transactions
Great Western Mining seals KGHM option deal on Nevada copper project to fund growth and focus on tungsten
Positive
May 28, 2026
Great Western Mining has entered into an option agreement with global copper producer KGHM over the Eastside-Tango copper porphyry project in Nevada, where it holds a 30% interest. The deal allows KGHM to earn up to 100% of the project through sta...
Business Operations and StrategyPrivate Placements and Financing
Great Western Mining Raises Funds Through Warrant Exercise and Expands Share Capital
Positive
May 26, 2026
Great Western Mining said holders have exercised warrants over 7,202,545 new ordinary shares at 1.30 pence each, raising gross proceeds of about £93,633 for the company. The new shares, which rank pari passu with existing stock, are expected ...
Business Operations and StrategyPrivate Placements and Financing
Great Western Mining Raises Funds Through Warrant Exercise and Expands Share Capital
Positive
May 11, 2026
Great Western Mining Corporation has approved the issue of 10,944,875 new ordinary shares following the exercise of warrants granted in connection with a previous placing, raising gross proceeds of approximately £142,283. These new shares, pr...
Business Operations and Strategy
Great Western Mining advances Nevada tungsten project with key metallurgical tests
Positive
May 7, 2026
Great Western Mining has initiated metallurgical flotation test work on a 750 kg bulk sample from its Defender – Pine Crow tungsten project in Mineral County, Nevada, appointing Eriez Global of Pennsylvania to run a proof of concept programm...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Great Western Mining Raises Funds Through Warrant Exercise and Expands Share Capital
Positive
Apr 20, 2026
Great Western Mining said warrant holders have exercised rights over 3,162,975 new ordinary shares at 1.30 pence each, raising gross proceeds of about £41,118.68 for the company. The new shares will be admitted to trading on AIM and Euronext ...
Executive/Board Changes
Great Western Mining Grants 7.5 Million Share Options to Directors and Management
Neutral
Apr 17, 2026
Great Western Mining Corporation has granted 7.5 million new share options under its 2014 Share Option Plan, including awards to directors and senior managers, at an exercise price of 2.10 pence, set over a seven-year term. The options vest immedi...
Business Operations and Strategy
Great Western Mining Secures Drilling Contractor for Nevada Tungsten Push
Positive
Apr 16, 2026
Great Western Mining has secured Major Drilling America to carry out a reverse circulation drilling campaign at its 100%-owned Defender-Pine Crow tungsten project in Mineral County, Nevada. The move underpins the company’s strategy of buildi...
Business Operations and StrategyDelistings and Listing Changes
Great Western Mining Seeks U.S. OTCID Cross-Listing to Tap North American Investors
Positive
Apr 13, 2026
Great Western Mining has applied for its ordinary shares to be cross-traded on the U.S. OTCID market, aiming to broaden its investor base and boost visibility in North America. The move is intended to give U.S. investors easier, dollar-denominated...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.