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The latest update is out from Cauldron Energy Limited ( (AU:CXU) ).
Cauldron Energy Limited has completed its 2024 air-core drilling program at the Yanrey Uranium Project, focusing on the Manyingee South target, which shows promising near-surface uranium mineralization extending over 3 kilometers. The company’s efforts in heritage clearance with the Buurabalayji Thalanyji Aboriginal Corporation have paved the way for further exploration in 2025. Financially, the company raised $4.024 million through a Placement and Entitlements Offer, and as of December 2024, it had $1.357 million in cash. The addition of Michael Wells as a non-executive Director and the approval of all resolutions at the Annual General Meeting mark significant corporate developments.
More about Cauldron Energy Limited
Cauldron Energy Limited is a company operating in the uranium industry, focusing on exploration and development projects. Its primary project is the Yanrey Uranium Project located in Western Australia, which covers a significant mineral-rich region with multiple uranium deposits, including the renowned Bennet Well Uranium Deposit. The company is engaged in identifying and testing potential uranium mineralization sites, leveraging its extensive tenement area.
YTD Price Performance: 110.0%
Average Trading Volume: 507,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.94M
Learn more about CXU stock on TipRanks’ Stock Analysis page.
