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Cauldron terminates farm-in agreement with Oceltip for Yanrey uranium project

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.