Cauldron Energy Ltd (ASX:CXU)'s executive chairman Simon Youds tells Proactive they've received strong validation of its strategy focusing on uranium, sand and gold projects with a heavily oversubscribed private placement raising $1.2 million. The company plans to use proceeds from the placement to undertake passive seismic work at its Yanrey Uranium Project to identify potential extensions of the Bennett Well Uranium Deposit. They're also looking to complete the current exploration program at the Blackwood Project as well as advance its sand project in Western Australia.
Cauldron Energy talks $1.2 million raise and plans for its uranium, sand and gold projects
