LIBERTY STAR URANIUM & METALS CORP. 8-K

What Happened
Liberty Star Uranium & Metals Corp. announced it entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC and issued a convertible promissory note. The company agreed to issue (and effective January 15, 2025 issued) a convertible promissory note in the aggregate principal amount of $73,700. The Securities Purchase Agreement was entered into on April 17, 2026.

Key Details

• Principal amount: $73,700 convertible promissory note issued to 1800 Diagonal Lending LLC.
• Interest and discount: 8% interest rate and a 10% original issue discount (OID).
• Maturity and conversion: Note matures on January 15, 2027; outstanding principal and accrued interest are convertible into the company’s common stock per the note terms.
• Filing/exhibits: The Note and Securities Purchase Agreement are filed as Exhibits 3.81 and 3.82 to the 8-K.

Why It Matters
This transaction creates a near‑term financial obligation and a potential source of equity dilution. The 10% OID reduces the company’s net cash proceeds relative to the stated principal, and the conversion feature means the note could be settled by issuing shares, increasing outstanding common stock if conversion occurs. Investors should note the added debt-like obligation with a maturity in January 2027 and the potential impact on capitalization and share count.