Cauldron Energy Ltd. said Dec. 19 that Oceltip Metals Pty. Ltd. did not complete its due diligence within the time frame set out in the farm-in agreement for the Yanrey uranium project in Western Australia.

As a result, Cauldron terminated the agreement.

In November, the company agreed to terminate a proposed acquisition of the Pippingarra and Marble Bar lithium projects in Western Australia from Mercury Resources Group Pty. Ltd. for similar reasons.