LBSR Liberty Star Uranium & Metals Corp. - 8-K

Item
1.01. Entry into a Material Definitive Agreement.

On
March 5, 2026, Liberty Star Uranium & Metals Corp. (the “Company”) entered into a Securities Purchase Agreement (the
“Securities Purchase Agreement”) with EFRAT Investments. (“EFRAT”). Pursuant to the terms of the Securities Purchase
Agreement, the Company agreed to issue a convertible promissory note (the “Note”) to EFRAT in the aggregate principal amount
of $110,000. Effective March 9, 2025, the Company issued the Note to EFRAT consistent with the terms of the Securities Purchase Agreement.
The Note bears interest at 8%, with a 10% Original Issue Discount and matures on March 5, 2027. Pursuant to the terms of the Note, the
outstanding principal and accrued interest on the Note shall be convertible into shares of the Company’s common stock as set forth
therein.

The
foregoing descriptions of the Note and the Securities Purchase Agreement and of all of the parties’ rights and obligations under
the Note and the Securities Purchase Agreement are qualified in its entirety by reference to the Note and the Securities Purchase Agreement,
copies of which are filed as Exhibits 3.78 and 3.79 respectively to this Current Report on Form 8-K, and of which are incorporated herein
by reference.

Item
2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The
information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item
9.01. Financial Statements and Exhibits.

The
exhibits listed in the following Exhibit Index are furnished as part of this Current Report on Form 8-K.

Exhibit
No.

Description

3.78

Convertible Promissory Note issued to EFRAT Investments, March 5, 2026.

3.79

Securities Purchase Agreement dated March 5, 2026, between the registrant and EFRAT Investments

104

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