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Liberty Star Uranium & Metals Corp. (OTCQB:LBSR) announced it entered into a Securities Purchase Agreement with FirstFire Global Opportunities Fund LLP on Monday. According to a press release statement based on a SEC filing, the company issued a convertible promissory note to FirstFire with a principal amount of $137,500. The note includes a 10% original issue discount and bears interest at 8%. It matures one year from the agreement date.
Under the terms of the note, the outstanding principal and accrued interest can be converted into shares of Liberty Star Uranium & Metals’ common stock. The filing states that the agreement and note were both executed on August 25.
The company listed the convertible promissory note and the purchase agreement as exhibits in the filing. No additional financial terms or details about the conversion price or other conditions were disclosed in the report.
Liberty Star Uranium & Metals Corp. is incorporated in Nevada and its common stock is traded on the OTCQB market under the ticker LBSR. The information in this article is based on a press release statement and a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Liberty Star Uranium & Metals Corp. has announced two significant financial agreements with 1800 Diagonal Lending LLC. The company entered into a Securities Purchase Agreement, issuing a convertible promissory note with a principal amount of $79,200. This note, dated July 14, 2025, bears an 8% interest rate and a 10% original issue discount, maturing on April 30, 2026. Additionally, Liberty Star Uranium & Metals disclosed another agreement dated May 30, 2025, involving a convertible promissory note valued at $73,700. This note also carries an 8% interest rate and a 10% original issue discount, with a maturity date set for March 15, 2026. Both agreements allow the outstanding principal and accrued interest to be converted into shares of Liberty Star’s common stock. These recent developments reflect Liberty Star Uranium & Metals’ ongoing financial strategies.
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