Liberty Star Uranium & Metals Enters Convertible Note Financing

What Happened

• Liberty Star Uranium & Metals Corp. announced on Sept. 21, 2026 that it entered into a Securities Purchase Agreement with Monroe Street Capital Partners LP and, effective Sept. 24, 2026, issued a convertible promissory note to Monroe Street.
• The Note has a stated principal amount of $95,700 (which includes a 10% original issue discount), bears interest at 8% per year, and matures one year from the agreement date. Outstanding principal and accrued interest are convertible into the company’s common stock under the Note’s terms.

Key Details

• Agreement date: September 21, 2026; Note issued effective September 24, 2026.
• Principal amount: $95,700 (includes a 10% original issue discount — implying roughly $86,130 cash proceeds).
• Interest rate: 8% per annum; Maturity: one year from the agreement date.
• Conversion feature: outstanding principal and accrued interest are convertible into common stock (conversion specifics are in the filed agreements).

Why It Matters

• This is a short-term financing arrangement that provides Liberty Star with immediate cash while creating a near-term debt obligation that may convert to equity if converted under the Note’s terms.
• The 10% original issue discount reduces net cash received versus the stated principal, and the conversion feature could dilute existing shareholders if conversion occurs.
• Investors should note the one-year maturity (repayment or conversion timeline) and review the filed Note and Securities Purchase Agreement for conversion price/mechanism and other terms that affect dilution and shareholder value.