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Nicholas Hemmerly, a director at Liberty Star Uranium & Metals Corp. (OTC:LBSR), recently purchased a significant amount of the company’s common stock. According to a filing with the Securities and Exchange Commission, Hemmerly acquired 111,111 shares at a price of $0.09 per share, amounting to a total investment of $9,999. These shares were acquired as part of a private placement purchase.
In addition to the common stock, Hemmerly also acquired 55,556 warrants in the same transaction. The warrants, which give the right to purchase additional shares at the same price, were acquired at a conversion price of $0.09 per share. These warrants are set to expire on March 5, 2028, if not exercised. InvestingPro data shows the stock has experienced significant volatility, with an 81% decline over the past year despite recent positive momentum.
This acquisition increases Hemmerly’s direct ownership in Liberty Star Uranium & Metals Corp., reflecting his confidence in the company’s future prospects. The transaction was completed on March 5, 2025, and reported to the SEC the following day.
In other recent news, Liberty Star Uranium & Metals Corp. announced significant developments in its exploration and financial activities. The company reported high-grade gold findings at its Red Rock Canyon Gold Project, revealing bonanza gold grades that extended the high-grade zone by an additional 100 feet. This discovery is part of the Hay Mountain Project in southeast Arizona, where Liberty Star is actively seeking joint venture partners to advance exploration efforts. Additionally, Liberty Star finalized a private placement of over 3 million shares to a key executive, raising $277,260.27 to support its operations. This strategic move allows the company to streamline its fundraising process without a public offering.
Furthermore, Liberty Star disclosed executive advances totaling $153,931.18 to fund fourth-quarter operations and exploration expenses. The financial support came from Patricia Madaris, the Chief Financial Officer and Interim CEO, along with contributions from other executives. These internal funds were provided without interest and are payable upon demand, reflecting a proactive approach to short-term financing needs. The company’s exploration efforts have confirmed the potential of its projects, positioning Liberty Star as a significant player in the region’s mining sector. Investors and industry observers are closely monitoring these developments as Liberty Star continues to leverage its recent discoveries and financial strategies for future growth.
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