LIBERTY STAR URANIUM & METALS CORP. 8-K

What Happened Liberty Star Uranium & Metals Corp. (LBSR) filed an 8-K reporting that on January 12, 2026 it entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC. Under that agreement the company issued a convertible promissory note effective January 8, 2026 in the aggregate principal amount of $73,700. The Note carries an 8% interest rate, a 10% original issue discount, and matures on October 15, 2026. Outstanding principal and accrued interest are convertible into the company’s common stock per the Note’s terms.

Key Details

• Purchaser: 1800 Diagonal Lending LLC; agreement dated January 8–12, 2026.
• Note principal: $73,700; effective issuance date January 8, 2026.
• Interest: 8% annual; Original Issue Discount: 10%.
• Maturity: October 15, 2026; principal and accrued interest are convertible into common stock.

Why It Matters This is a short-term debt financing that provides the company with cash (subject to the 10% original issue discount) but also creates a financial obligation due by October 15, 2026. Because the note and accrued interest are convertible into common stock, investors should be aware of potential dilution if conversion occurs. Retail investors who want the exact conversion mechanics, potential share impact, or cash proceeds should review the full Note and Securities Purchase Agreement filed as exhibits to the 8‑K.