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

Item
1.01. Entry into a Material Definitive Agreement.

On
May 18, 2026, Liberty Star Uranium & Metals Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Securities
Purchase Agreement”) with Monroe Street Capital Partners LP. (“Monroe Street”). Pursuant to the terms of the Securities
Purchase Agreement, the Company agreed to issue a convertible promissory note (the “Note”) to Monroe Street in the principal
amount of $123,200 which includes an original issue discount of 10% (the “OID”). Effective May 26, 2026, the Company issued
a Note to Monroe Street consistent with the terms of the Securities Purchase Agreement. The Note bears interest at 8% and matures in
one year from date of Agreement. 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 3.83 and 3.84 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

3.83

Convertible Promissory Note issued to Monroe Street Capital Partners LP dated May 18, 2026.

3.84

Securities Purchase Agreement dated April 15, 2026, between the registrant and Monroe Street Capital Partners LP.

104

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