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Patricia Madaris, the Chief Financial Officer and Vice President of Finance, who is also serving as Acting CEO of Liberty Star Uranium & Metals Corp. (OTC:LBSR), recently made significant purchases of the company’s stock. According to a Form 4 filing with the Securities and Exchange Commission, Madaris acquired 268,243 shares of Liberty Star’s common stock through a private placement on March 5, 2025. The shares were purchased at $0.09 each, totaling approximately $24,141, slightly below the current trading price of $0.11. InvestingPro analysis shows the stock has declined over 82% in the past year, with short-term obligations exceeding liquid assets.
In addition to the common stock, Madaris also acquired 134,122 warrants as part of the same private placement offer. These warrants give her the right to purchase additional shares at the same price of $0.09. The warrants must be exercised within three years, or they will expire.
This transaction highlights Madaris’s increasing stake in Liberty Star, reflecting her confidence in the company’s future prospects. The shares and warrants were acquired directly, indicating a personal investment in the company’s growth.
In other recent news, Liberty Star Uranium & Metals Corp. announced the completion of a private placement, issuing over 3 million shares to Pete O’Heeron, a key executive, at a discounted price of $0.09 per share, totaling $277,260.27. This transaction, finalized on February 26, 2025, is part of the company’s strategy to raise capital without a public offering. Additionally, Liberty Star reported significant channel sampling results from its Red Rock Canyon Gold Project, revealing high-grade gold near the surface and extending the high-grade zone by 100 feet. This discovery is part of the Hay Mountain Project in Arizona, known for its potential in porphyry copper-gold-moly deposits. The company is actively seeking joint venture partners to further develop these promising projects. In a move to support fourth-quarter operations, Liberty Star disclosed executive advances totaling $153,931.18, with contributions from key executives, including Patricia Madaris and Pete O’Heeron. These advances reflect the company’s reliance on internal funding to maintain its exploration activities. Liberty Star’s recent developments indicate a focus on expanding its projects and securing strategic partnerships to advance its exploration efforts.
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