Cauldron Energy (CXU) Q3 2025 TU earnings summary

Executive summary

• Maiden Mineral Resource Estimate at Manyingee South: 15.5Mt @ 325 ppm eU3O8 for 11.1 Mlbs, increasing Yanrey Project resources by 35% to 42.0 Mlbs uranium oxide.

• Six new tenements acquired post-quarter, expanding Yanrey footprint by 177.3km² and adding high-priority exploration targets.

• Yanrey Project confirmed as a globally significant uranium region, with Bennet Well and Manyingee South deposits totaling 42.0 Mlbs eU3O8.

Financial highlights

• Cash at bank as of 31 March 2025: $666k, down from $1.357m at 31 December 2024.

• $662k spent on exploration during the quarter, with major costs in drilling, wireline logging, and consultants.

• $175k received post-quarter from legal settlement.

• If all 318 million options are exercised, $5.56M would be raised.

Outlook and guidance

• Uranium price outlook remains bullish, with spot uranium at ~US$67/lb and strong long-term fundamentals.

• Next drill program at Yanrey expected in the second half of 2025, subject to market conditions.

• Board anticipates continued access to funding based on shareholder and adviser support.