Cauldron Energy Limited has secured a fully underwritten renounceable entitlement offer aimed at raising approximately $1.949 million by issuing new shares at 0.6 cents each. This issue, priced at a 25% discount to the recent 7‐day volume weighted average price of 0.8 cents, is fully supported by major shareholder Parle Investments Pty Ltd, who has committed to underwriting the entire offer without charging any fees. Eligible shareholders from Australia, New Zealand, and Hong Kong are invited to participate, with arrangements in place to allow trading of rights on the exchange. The funds raised are earmarked predominantly to advance Cauldron’s Yanrey Uranium Project – a highly prospective asset spanning around 1,327 square kilometers in Western Australia. This project encompasses several significant uranium deposits, including the Bennet Well and Manyingee South deposits, which collectively account for over 42 million pounds of in‑situ uranium. Recent drilling programs have culminated in the release of mineral resource estimates for Manyingee South, reporting 11.1 million pounds of uranium-oxide at a 100ppm cut-off. Moreover, the project benefits from the strategic acquisition of additional tenements from Wyloo Metals, broadening the high-priority exploration areas along an ancient sedimentary coastline. Notably, the company’s technical team has identified more than twenty high-grade targets within the expanded Yanrey region. This activity comes at a time when global demand for uranium is bolstered by a nuclear renaissance, potentially priming the market for a future lift of the current mining ban in Western Australia. The anticipated regulatory shifts could position the Yanrey Project as a reliable, low-risk source of uranium, contributing to global efforts toward achieving Net Zero emissions. The entitlement offer follows a detailed timetable with key milestones starting on 26 May 2025, including the rights commencement on 29 May, with expected trading of the new shares beginning on 23 June 2025. This well-structured timeline underscores the company's commitment to facilitating shareholder participation and ensuring a smooth capital raise process. Bullish sentiment is supported by the underwriter’s commitment, the strategic positioning of the Yanrey Uranium Project, and the broader global momentum around uranium driven by a renewed emphasis on nuclear power. The offer at a discount provides an attractive entry point, and the project’s significant resource estimates and expansion plans offer substantial potential upside if the regulatory environment in Western Australia shifts. Conversely, bearish concerns center around potential delays in lifting the uranium mining ban, ongoing regulatory uncertainties, and possible dilution effects from the rights issue, which could impact short-term share performance.