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Liberty Star Uranium & Metals Corp. (OTCQB:LBSR) entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC on November 28, 2025, according to a statement filed with the Securities and Exchange Commission. Under the terms of the agreement, Liberty Star issued a convertible promissory note to 1800 Diagonal Lending with a principal amount of $70,400.
The note carries an interest rate of 8% and includes a 10% original issue discount. It is scheduled to mature on September 15, 2026. The agreement provides that the outstanding principal and accrued interest may be converted into shares of Liberty Star’s common stock under conditions specified in the note.
The filing did not disclose the specific conversion terms or any additional covenants associated with the note. Copies of the Securities Purchase Agreement and the convertible promissory note were included as exhibits to the filing.
Liberty Star Uranium & Metals Corp. is based in Tucson, Arizona, and its common stock is listed on the OTCQB market under the ticker LBSR. The information in this article is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Liberty Star Uranium & Metals Corp. has announced a strategic realignment of its mineral assets, aiming to enhance operational clarity and expand opportunities for strategic partnerships. The company plans to consolidate all its mineral holdings under Liberty Star Hay Mountain Holdings LLC, centralizing oversight of its assets. Additionally, Liberty Star completed a geophysical survey at its Red Rock Canyon Gold Project in southeast Arizona. The survey, conducted in July 2025, successfully detected and characterized gold-bearing veins using induced polarization and resistivity testing. Key findings indicated that these veins exhibit higher resistivity and IP values compared to the surrounding limestone, suggesting the presence of sulfide mineralization. These developments reflect Liberty Star’s ongoing efforts to optimize its mineral portfolio and advance its exploration activities.
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