Liberty Star Uranium & Metals Corp. Files 2024 10-K

TL;DR

<b>Liberty Star Uranium & Metals Corp. has filed its annual 10-K report for the fiscal year ending January 31, 2024.</b>

AI Summary

LIBERTY STAR URANIUM & METALS CORP. (LBSR) filed a Annual Report (10-K) with the SEC on May 15, 2024. Liberty Star Uranium & Metals Corp. filed its 10-K for the fiscal year ending January 31, 2024. The company is incorporated in Nevada and operates in the Metal Mining industry. Its business and mailing address is 2 East Congress St., Ste 900, Tucson, AZ 85701. The company was formerly known as Liberty Star Gold Corp. and Titanium Intelligence Inc. The filing covers the fiscal year ending January 31, 2024.

Why It Matters

For investors and stakeholders tracking LIBERTY STAR URANIUM & METALS CORP., this filing contains several important signals. This 10-K filing provides a comprehensive overview of the company's financial performance, operations, and risk factors for the fiscal year 2024. As a metal mining company, the details within this report are crucial for investors and stakeholders to assess the company's current standing and future prospects in the resource sector.

Risk Assessment

Risk Level: low — LIBERTY STAR URANIUM & METALS CORP. shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant financial or operational disclosures that would suggest a high-risk profile based solely on the header information.

Analyst Insight

Review the full 10-K filing to understand Liberty Star Uranium & Metals Corp.'s financial health, operational activities, and strategic direction for the fiscal year 2024.

Key Numbers

• 2024-01-31 — Fiscal Year End (Reported fiscal year end)
• 2024-05-15 — Filing Date (Date the 10-K was filed)
• 000-50071 — SEC File Number (SEC file number for the company)
• 270019071 — IRS Number (Company's IRS number)

Key Players & Entities

• LIBERTY STAR URANIUM & METALS CORP. (company) — Filer name
• 2024-01-31 (date) — Fiscal year end
• 2024-05-15 (date) — Filing date
• 2 East Congress St., Ste 900, Tucson, AZ 85701 (address) — Business address
• Liberty Star Gold Corp. (company) — Former company name
• Titanium Intelligence Inc. (company) — Former company name
• NV (state) — State of incorporation
• Metal Mining (industry) — Standard Industrial Classification

FAQ

Industry Context

Liberty Star Uranium & Metals Corp. operates within the Metal Mining industry, focusing on uranium and other metals.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file annual reports (10-K) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements within the 10-K for revenue, net income, and cash flow.
2. Examine the 'Risk Factors' section for potential challenges and uncertainties facing the company.
3. Review management's discussion and analysis (MD&A) for insights into operational performance and future strategies.

Key Dates

• 2024-01-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-05-15: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the 10-K filing for the fiscal year ending January 31, 2024. Previous filings would include prior annual reports and potentially quarterly reports.

Key Financial Figures

• $0.00001 — ) of the Act: Common Stock, par value $0.00001 (Title of class) Indicate by check
• $255 — ated on or after September 1, 2019 cost $255 each which includes processing, locatio
• $165 — aintenance fees. The annual rentals are $165 per claim after the first year. The ren
• $15,345 — er 1, 2024 through September 1, 2025 of $15,345 have not been paid yet, however, we pla
• $500 — e State of Arizona. AZ MEP permits cost $500 per permit per year in non-refundable f
• $2.00 — le for up to 5 years. The rental fee is $2.00 per acre for the first year, which incl
• $1.00 — ar, which includes the second year, and $1.00 per acre per year for years three throu
• $10 — nimum work expenditure requirements are $10 per acre per year for years one and two
• $20 — acre per year for years one and two and $20 per acre per year for years three throu
• $30,410.84 — r respective due dates in the amount of $30,410.84. All fees and expenditures due during t
• $72,099 — h and cash equivalents in the amount of $72,099 and negative working capital deficit of
• $3,048,043 — and negative working capital deficit of $3,048,043 with this change related to an adjustme

Filing Documents

• form10-k.htm (10-K) — 1209KB
• ex21-1.htm (EX-21.1) — 8KB
• ex31-1.htm (EX-31.1) — 11KB
• ex32-1.htm (EX-32.1) — 7KB
• form10-k_001.jpg (GRAPHIC) — 18KB
• form10-k_002.jpg (GRAPHIC) — 54KB
• 0001493152-24-019985.txt (&nbsp;) — 6231KB
• lbsr-20240131.xsd (EX-101.SCH) — 50KB
• lbsr-20240131_cal.xml (EX-101.CAL) — 47KB
• lbsr-20240131_def.xml (EX-101.DEF) — 248KB
• lbsr-20240131_lab.xml (EX-101.LAB) — 420KB
• lbsr-20240131_pre.xml (EX-101.PRE) — 331KB
• form10-k_htm.xml (XML) — 720KB

Changes In and Disagreements With Accountants on Accounting and Financial Disclosure

Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure 23

Controls and Procedures

Item 9A. Controls and Procedures 23

Other Information

Item 9B. Other Information 24 PART III 24

Directors, Executive Officers, and Corporate Governance

Item 10. Directors, Executive Officers, and Corporate Governance 24

Executive Compensation

Item 11. Executive Compensation 28

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 29

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 30

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 32

Exhibits, Financial Statement Schedules

Item 15 Exhibits, Financial Statement Schedules 33

SIGNATURES

SIGNATURES 34 2 FORWARD-LOOKING This annual report on Form 10-K contains forward-looking statements. These terminology such as "may," "should," "expects," "plans," "anticipates," "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. All dollar amounts refer to U.S. dollars unless otherwise indicated. Our consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). The following discussion should be read in conjunction with our consolidated financial statements and the related notes that appear elsewhere in th

Business

Business development Liberty Star Uranium & Metals Corp. (the "Company," "we" or "Liberty Star") was formerly Liberty Star Gold Corp. and formerly Titanium Intelligence, Inc. ("Titanium"). Titanium was incorporated on August 20, 2001 under the laws of the State of Nevada. On February 5, 2004, we commenced operations in the acquisition and exploration of mineral properties business. In April 2007, we changed our name to Liberty Star Uranium & Metals Corp. Hay Mountain Holdings, LLC, (formerly known as Hay Mountain Super Project LLC) our wholly owned subsidiary, serves as the primary holding company for development of the potential ore bodies encompassed in the Hay Mountain area of interest in Arizona. In April 2019, we formed the first company intended for engagement with future venture partners named Earp Ridge Mines LLC. On August 13, 2020, the Company formed Red Rock Mines, LLC ("Red Rock"), an Arizona corporation, as a wholly owned subsidiary of Hay Mountain Holdings, LLC. We are in the exploration phase of operations and have not generated any revenues from operations. Our current business We are engaged in the acquisition and exploration of mineral properties in the state of Arizona in the Southwest USA. Claims in the state of Arizona are held in the name of Liberty Star. Our projects are described below. Tombstone Area Exploration Properties: Tombstone is located in Cochise County, Arizona and covers the Tombstone caldera and its environs. All four of our exploration properties, Hay Mountain, Red Rock Canyon, Tombstone and Robbers Roost lie within or on the flank of the Tombstone caldera structure. We are concentrating our work at Red Rock Canyon at this time. We plan to ascertain whether the Hay Mountain claims possess commercially viable deposits of copper, molybdenum, gold, silver, lead, zinc, manganese, and other metals including Rare Earth Elements (REE's). We have not identified any ore reserves to date, although we have identified mineralized ar

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View this 10-K filing on SEC EDGAR