Up 1,511% in a year, guess which ASX uranium share is storming higher again on Wednesday

ASX uranium share Cauldron Energy Ltd (ASX: CXU) is at it again.

And by ‘it’, I mean rocketing higher.

Cauldron Energy shares closed yesterday trading for 13 cents. In late morning trade on Wednesday, shares are changing hands for 14.5 cents apiece, up 11.5%.

For some context, the S&P/ASX Small Ordinaries Index (ASX: XSO) is up 0.6% at this same time.

With today’s intraday gains factored in, the junior ASX uranium share cements its place as a 10-bagger-plus. (That’s a stock that returns at least 10-times your original investment within a relatively modest time frame.)

Indeed, 12 months ago, you could have picked up Cauldron Energy shares for just 0.9 cents each. Meaning the stock has gained a jaw-dropping 1,511.1%.

Or enough to turn a $10,000 investment into $161,111.

In one year!

The miner has been benefiting from a series of exploration successes and strategic acquisitions, along with rising uranium prices.

Now, here’s what’s stoking ASX investor interest again today.

ASX uranium share jumps on drill results

The Cauldron Energy share price is rocketing following an update on the company’s Yanrey Uranium Project, located in Western Australia.

The ASX uranium share revealed that the results it just received for the first 14 drill holes of its 2026 drill campaign have returned high-grade uranium results at the Manyingee North Deposit, within Yanrey.

Manyingee North was earlier reported to host an existing Inferred Mineral Resource Estimate of 14.9 million tonnes containing 9.8 million pounds of uranium at an average grade of 297 ppm eU3O8 (equivalent uranium oxide).

Cauldron CEO Jonathan Fisher noted that the start of the company’s drill campaign was “slightly delayed due to weather and a little slow to ramp up due to some minor technical issues (now resolved), which led us being a little later than we initially expected in getting these first results out”.

Top results from one of the drill holes included:

• 30 metres at 258.3 ppm eU3O8 from 91.62 metres
• 70 metres at 243.0 ppm eU3O8 from 94.42 metres

What did Cauldron Energy management say?

Commenting on the successful 2026 drill program launch that’s boosting the ASX uranium share today, Fisher said:

The program is now humming and from a results perspective, it’s been a great start to the 2026 drill program with all holes drilled at Manyingee North returning mineralisation, extended the mineralisation north and south to around 4 kilometres of strike, with mineralisation remaining open in all directions.

Looking ahead, Fished added:

With the extraordinary global macro thematic and all the positive news recently around the Australia India uranium arrangements and what that might possibly mean for the need to lift state restrictions and build new mines to satisfy demand, it’s a great time to be out drilling and demonstrating the prolific nature and scale of the uranium project at Yanrey.

We will keep the rig spinning and look forward to reporting the next set of results!

The post Up 1,511% in a year, guess which ASX uranium share is storming higher again on Wednesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.