- On **August 25, 2025**, Liberty Star Uranium & Metals Corp. (LBSR) entered into a Securities Purchase Agreement with FirstFire Global Opportunities Fund LLP.  **[1172178_0001641172-25-025872_form8-k.htm:1]** 
- Pursuant to the agreement, LBSR issued a **convertible promissory note** to FirstFire. Key terms of the note are as follows:
| Metric | As of August 25, 2025 |
|---|---|
| Principal Amount ($USD) | **$137,500**  **[1172178_0001641172-25-025872_form8-k.htm:1]** **[1172178_0001641172-25-025872_ex3-65.htm:1]**  |
| Original Issue Discount (%) | **10%**  **[1172178_0001641172-25-025872_form8-k.htm:1]** **[1172178_0001641172-25-025872_ex3-65.htm:1]**  |
| Interest Rate (%) | **8%**  **[1172178_0001641172-25-025872_form8-k.htm:1]** **[1172178_0001641172-25-025872_ex3-65.htm:1]**  |
| Maturity (Years) | **1**  **[1172178_0001641172-25-025872_form8-k.htm:1]** **[1172178_0001641172-25-025872_ex3-65.htm:1]**  |
- The outstanding principal and accrued interest on the Note are convertible into shares of LBSR's common stock, with the conversion price calculated as **75%** of the average of the three lowest closing bid prices during the ten trading days prior to conversion.  **[1172178_0001641172-25-025872_form8-k.htm:1]** **[1172178_0001641172-25-025872_ex3-65.htm:6]**

LIBERTY STAR URANIUM & METALS (LBSR)