Business
£3.25m Placing to Accelerate Exploration Portfolio
Great Western Mining Corporation PLC has successfully raised £3,250,000 through an oversubscribed placing at 1.4 pence per share, with an additional warrant issued for every placing share at an exercise price of 2.0 pence. These funds will accelerate exploration at the Defender-Pine Crow tungsten project in Nevada, following promising channel sampling results of up to 16m at 0.30% WO₃, including a higher-grade interval of 2m at 0.66% WO₃. The company has submitted a Notice of Intent to Drill and aims to establish a maiden Mineral Resource Estimate while continuing to advance its broader multi-commodity exploration portfolio in the Walker Lane Trend. Disclaimer*
About this update from Great Western Mining Corp. Plc
[{"type":"text","content":"\n\n\nGreat Western Mining Corporation PLC / AIM: GWMO / Euronext Growth: 8GW\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION IN RELATION TO GREAT WESTERN MINING CORPORATION PLC.\n \n30 January 2026\nGREAT WESTERN MINING CORPORATION PLC\n(\"Great Western\", \"GWM\" or the \"Company\")\n \nPlacing to Raise £3.25 million to Accelerate Mineral Exploration Portfolio\n \nGreat Western Mining Corporation PLC, a strategic minerals exploration and development company, is pleased to announce an oversubscribed fundraise of £3,250,000 before expenses (the \"Placing\") at 1.4p, reflecting strong investor demand following the confirmation of significant tungsten mineralisation at its Pine Crow-Defender project ('Defender') in Mineral County, Nevada.\n \nHIGHLIGHTS\n· £3,250,000 conditionally raised through a placing at 1.4 pence per share\n· One warrant issued for every Placing Share, exercisable at 2.0 pence for three years\n· Proceeds will fast-track drilling at the Defender-Pine Crow tungsten project in Nevada\no Recent channel sampling returned up to 16m at 0.30 per cent WO₃, including 2m at 0.66 per cent WO₃\no Notice of Intent to Drill submitted to the U.S. Bureau of Land Management\n· Progress continues across the Company's broader multi-commodity exploration portfolio in the Walker Lane Trend\n \nGreat Western Chairman Brian Hall commented: \"We are very encouraged by strong investor support following the initial trenching results at our Defender-Pine Crow tungsten project, which exceeded our expectations and confirmed the potential of the system. The funds now raised will allow us to commence full scale exploration at Defender, conduct geophysics and gravity surveys and mobilise for drilling at the earliest opportunity. We will be able to expand the programme, subject to results as appropriate, aiming for a maiden Mineral Resource Estimate. With a strong need for domestic tungsten production in the U.S., we believe the strategic relevance of this project will be increasingly recognised. We have watched with great interest the success of the Pilot Mountain project operated by our neighbour Guardian Metal Resources which is only 30 miles away from Defender and in a similar geological setting. This...