$LBSR

LIBERTY STAR URANIUM & METALS CORP.

CIK:0001172178|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2026	Jul. 31, 2025
Income Statement [Abstract]
Revenues
Expenses:
Geological and geophysical costs	25,264	45,894	96,592	66,805
Salaries and benefits	66,290	57,194	111,619	117,391
Professional services	35,155	61,239	78,738	106,610
General and administrative	57,569	33,527	106,798	98,096
Net operating expenses	184,278	197,854	393,747	388,902
Loss from operations	(184,278)	(197,854)	(393,747)	(388,902)
Other income (expense):
Interest expense	(161,295)	(53,905)	(497,073)	(103,067)
Other income	796	957	1,592	1,913
Loss on settlement of liabilities		(87,353)		(230,726)
Gain on change in fair value of derivative liability	55,476	119,443	484,932	165,938
Total other income (expense)	(105,023)	(20,858)	(10,549)	(165,942)
Net loss	$ (289,301)	$ (218,712)	$ (404,296)	$ (554,844)
Net loss per share of common stock - basic	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.01)
Net loss per share of common stock - diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.01)
Weighted average shares outstanding - basic	111,242,709	66,445,267	103,340,667	61,692,564
Weighted average shares outstanding - diluted	111,242,709	66,445,267	103,340,667	61,692,564

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Cash flows from operating activities:
Net loss	$ (404,296)	$ (554,844)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	3,235	3,235
Stock based compensation	11,738	39,064
Amortization of debt discounts	402,472	52,614
Gain on change in fair value of derivative liabilities	(484,932)	(165,938)
Loss on settlement of liabilities		230,726
Changes in assets and liabilities:
Prepaid expenses	9,018	(891)
Accounts payable and accrued expenses	50,367	45,481
Accrued expenses to related party	2,912	5,007
Cash flows used in operating activities:	(409,486)	(345,546)
Cash flows from financing activities:
Proceeds from advances, related party		75,000
Repayments of advances, related party		(15,000)
Repayments of advances		(9,000)
Repayments of notes payable	(7,981)	(7,981)
Repayments of notes payable, related party		(16,175)
Proceeds from convertible promissory notes	320,280	250,000
Repayments of convertible promissory notes	(137,500)	(123,860)
Proceeds from the issuance of common stock for cash, net		418,100
Proceeds from the issuance of common stock and warrants in a private placement		67,043
Net cash provided by financing activities	174,799	638,127
Increase (decrease) in cash and cash equivalents	(234,687)	292,581
Cash and cash equivalents, beginning of period	276,959	20,962
Cash and cash equivalents, end of period	42,272	313,543
Supplemental disclosure of cash flow information:
Income tax paid
Interest paid	42,973	9,169
Supplemental disclosure of non-cash items:
Shares issued for conversion of debt and interest	459,989	156,520
Prepaid insurance financed with note payable	24,750	24,750
Issuance of common stock and warrants in private placement for settlement of liabilities		514,128
Resolution of derivative liabilities due to debt conversions	226,375
Debt discounts due to derivative liabilities	341,882
Reclass of APIC to derivative liabilities for tainted warrants	$ 379,936

Consolidated Balance Sheets (Unaudited) - USD ($)	Jul. 31, 2026	Jan. 31, 2026
Current assets:
Cash and cash equivalents	$ 42,272	$ 276,959
Prepaid expenses and other current assets	46,937	31,205
Total current assets	89,209	308,164
Noncurrent assets:
Property and equipment, net	1,470	4,705
Total noncurrent assets	1,470	4,705
Total assets	90,679	312,869
Current:
Accounts payable and accrued liabilities	158,644	165,216
Notes payable	16,769
Convertible promissory note, net of unamortized debt discount of $60,593 and $60,863	343,207	502,887
Derivative liability	63,486	52,975
Total current liabilities	594,264	730,324
Long-term:
Long-term debt - SBA, net of current portion	32,400	32,400
Total long-term liabilities	32,400	32,400
Total liabilities	626,664	762,724
Commitments and Contingencies
Stockholders’ deficit:
Class A common stock - $.00001 par value; 500,000 authorized; 500,000 shares issued and outstanding	5	5
Common stock - $.00001 par value; 299,500,000 authorized; 117,226,665 and 92,263,189 shares issued and outstanding, respectively	1,172	924
Additional paid-in capital	60,573,051	60,255,133
Subscription receivable	(101,100)	(101,100)
Accumulated deficit	(61,009,113)	(60,604,817)
Total stockholders’ deficit	(535,985)	(449,855)
Total liabilities and stockholders’ deficit	90,679	312,869
Related Party [Member]
Current:
Accrued expenses, related party	$ 12,158	$ 9,246