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Liberty Star Announces $10,000,000 Equity Financing Agreement with GHS Investments, LLC

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Liberty Star Minerals (OTCMarkets: LBSR) has entered into a $10,000,000 Equity Financing Agreement with GHS Investments, on September 25, 2024. The agreement provides Liberty Star with 'put' rights for funds totaling $10 million over a 2-year term. The company plans to use these funds to further explore its properties in Cochise County, Arizona, particularly the Red Rock Canyon Gold Project (RRC) within the larger Hay Mountain Project.

The RRC property is believed to contain commercially important metals associated with porphyry copper-gold-moly geologic structures. Liberty Star's Chief Geologist, Jim Bryce, initiated an extensive channel sampling program in March 2024, considering it equivalent to horizontal drill holes. The company aims to generate a near-surface gold resource and provide direction for future drilling, especially as gold prices reach new highs.

Liberty Star Minerals (OTCMarkets: LBSR) ha stipulato un Accordo di Finanziamento Azionario da $10.000.000 con GHS Investments, il 25 settembre 2024. L'accordo fornisce a Liberty Star diritti di 'put' per fondi totali di 10 milioni di dollari durante un periodo di 2 anni. L'azienda prevede di utilizzare questi fondi per esplorare ulteriormente le proprie proprietà nella Contea di Cochise, Arizona, in particolare il Progetto Oro Red Rock Canyon (RRC) all'interno del più ampio Progetto Hay Mountain.

Si ritiene che la proprietà RRC contenga metalli di importanza commerciale associati a strutture geologiche di porfido rame-oro-molibdeno. Il Geologo Capo di Liberty Star, Jim Bryce, ha avviato un ampio programma di campionamento a canale nel marzo 2024, considerandolo equivalente a fori di perforazione orizzontali. L'azienda mira a generare una risorsa aurifera vicino alla superficie e a fornire indicazioni per future perforazioni, specialmente poiché i prezzi dell'oro raggiungono nuovi massimi.

Liberty Star Minerals (OTCMarkets: LBSR) ha firmado un Acuerdo de Financiamiento de Capital por $10,000,000 con GHS Investments, el 25 de septiembre de 2024. El acuerdo proporciona a Liberty Star derechos de 'put' para fondos que suman 10 millones de dólares durante un período de 2 años. La empresa planea utilizar estos fondos para explorar más a fondo sus propiedades en el Condado de Cochise, Arizona, especialmente el Proyecto de Oro Red Rock Canyon (RRC) dentro del proyecto más grande Hay Mountain.

Se cree que la propiedad RRC contiene metales de importancia comercial asociados con estructuras geológicas de cobre-oro-molibdeno porfirítico. El Geólogo Jefe de Liberty Star, Jim Bryce, inició un extenso programa de muestreo de canales en marzo de 2024, considerándolo equivalente a perforaciones horizontales. La empresa pretende generar un recurso de oro cerca de la superficie y proporcionar dirección para perforaciones futuras, especialmente a medida que los precios del oro alcanzan nuevos máximos.

리버티 스타 미네랄스 (OTCMarkets: LBSR)은 2024년 9월 25일 GHS Investments와 1천만 달러 자본 조달 계약을 체결했습니다. 이 계약은 리버티 스타에게 2년 동안 총 1천만 달러를 위한 '풋' 권리를 제공합니다. 회사는 이 자금을 아리조나 주 코히스 카운티의 자산을 추가로 탐사하는 데 사용할 계획입니다. 특히 더 큰 헤이 마운틴 프로젝트 내의 레드 록 캐년 금 프로젝트 (RRC)를 목표로 합니다.

RRC 지역은 구리-금-몰리브데넘의 포르피리 산출 구조와 관련된 상업적으로 중요한 금속을 포함하고 있는 것으로 알려져 있습니다. 리버티 스타의 수석 지질학자 짐 브라이스는 2024년 3월에 광범위한 채널 샘플링 프로그램을 시작했으며, 이를 수평 시추 구멍에 해당한다고 간주했습니다. 회사는 천연 금 자원을 생성하고 미래의 시추에 대한 방향을 제공하는 것을 목표로 하고 있으며, 특히 금 가격이 새로운 최고치를 기록하고 있습니다.

Liberty Star Minerals (OTCMarkets: LBSR) a conclu le 25 septembre 2024 un Accord de Financement par Actions de 10.000.000 $ avec GHS Investments. L'accord accorde à Liberty Star des droits de 'put' pour un montant total de 10 millions de dollars sur une durée de 2 ans. L'entreprise prévoit d'utiliser ces fonds pour approfondir l'exploration de ses propriétés dans le comté de Cochise, Arizona, en particulier le Projet d'Or de Red Rock Canyon (RRC) dans le cadre du projet plus vaste de Hay Mountain.

On croit que la propriété RRC contient des métaux d'importance commerciale associés à des structures géologiques de porphyre de cuivre-or-molybdène. Le géologue en chef de Liberty Star, Jim Bryce, a lancé un vaste programme d'échantillonnage en canal en mars 2024, le considérant équivalent à des forages horizontaux. L'entreprise vise à générer une ressource aurifère près de la surface et à fournir des orientations pour de futurs forages, surtout alors que les prix de l'or atteignent de nouveaux sommets.

Liberty Star Minerals (OTCMarkets: LBSR) hat am 25. September 2024 eine Eigenkapitalfinanzierungsvereinbarung über 10.000.000 $ mit GHS Investments unterzeichnet. Die Vereinbarung gibt Liberty Star 'Put'-Rechte für Mittel in Höhe von insgesamt 10 Millionen Dollar über einen Zeitraum von 2 Jahren. Das Unternehmen plant, diese Mittel zur weiteren Erkundung seiner Liegenschaften in Cochise County, Arizona, insbesondere des Red Rock Canyon Goldprojekts (RRC) innerhalb des größeren Hay Mountain Projekts, zu nutzen.

Es wird angenommen, dass die RRC-Liegenschaft metallurgisch wichtige Metalle enthält, die mit porphyrischen Kupfer-Gold-Molybdän-Geostrukturen verbunden sind. Der Chief Geologist von Liberty Star, Jim Bryce, hat im März 2024 ein umfassendes Kanal-Sampling-Programm gestartet, das er als gleichwertig mit horizontalen Bohrungen betrachtet. Das Unternehmen zielt darauf ab, eine Goldressource in unmittelbarer Nähe zur Oberfläche zu generieren und eine Richtung für zukünftige Bohrungen zu geben, insbesondere da die Goldpreise neue Höchststände erreichen.

Positive
  • Secured $10,000,000 in potential funding through Equity Financing Agreement
  • Ongoing exploration work on the Red Rock Canyon Gold Project shows promising results
  • Channel sampling program initiated to generate near-surface gold resource data
  • Rising gold prices create favorable market conditions for the project
Negative
  • Company is required to file an S1 Registration Statement as part of the Agreement
  • Exploration stage project with no guaranteed returns

TUCSON, AZ, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Liberty Star Minerals ("Liberty Star" or the "Company") (OTCMarkets: LBSR) is pleased to announce that on September 25, 2024 we entered into an “Equity Financing Agreement” with GHS Investments, LLC ("GHS") to raise up to $10,000,000. GHS Investments LLC is a leading private investment and management group providing financial solutions for high-potential small cap companies. GHS has successfully invested in multiple portfolio companies in the small cap space seeking capital to grow and scale their existing businesses extending into national exchanges. Liberty Star is currently conducting exploration work on its wholly owned Red Rock Canyon Gold Project (RRC) within the larger Hay Mountain Project property in southeast Arizona. The RRC may contain commercially important metals associated with porphyry copper-gold-moly geologic structures, which are well represented in the area from central Arizona to northern Mexico.

Under the Agreement, Liberty Star has “put” rights for funds that can total $10,000,000 over the 2 year’s term. The company is filing an S1 Registration Statement as part of the Agreement. Terms of the Agreement are in an 8k filing viewable on EDGAR.

Liberty Star plans to use the funds to further explore its properties in Cochise County, Arizona.

Focused exploration work on the Red Rock Gold Property picked up momentum in March 2024 after Chief Geologist Jim Bryce concluded that RRC property jasperoid outcropping combined with a database describing historical findings in the area required an extensive channel sampling program. He stated “When surveyed, mapped, and sampled to industry standards, channel samples can be considered as horizontal drill holes. This detailed, surveyed sampling procedure will allow us to generate a near-surface gold resource and provide direction for future drilling on the site.” (March 5, 2024)

Geochemical results reported to date have provided impetus to continue with the channel sampling program. Looking ahead, the Company believes 3D modeling and planning for drilling to generate a resource as gold prices reach new highs regularly mark this as an exciting and opportune time to move ahead with near surface work at the RRC.

ON BEHALF OF THE BOARD OF DIRECTORS
Liberty Star Minerals

Visit lbsr.us for more about Liberty Star Minerals, the Red Rock Canyon Gold Project & the Hay Mountain Project, including images, maps, and technical reports

About Liberty Star Liberty Star Uranium & Metals Corp. (LBSR: OTCQB), d/b/a Liberty Star Minerals is an Arizona-based mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA. Currently, the company controls properties that are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and associated metals. The Company’s premiere property is the Hay Mountain property (exploration stage) for porphyry copper, gold, moly, and other commercially important minerals. Specific targets have been selected to explore for near-surface and deep-seated ore bodies, of which there are numerous analogs nearby. Contiguous with the primary Hay Mountain porphyry exploration target, and part of the overall Hay Mountain property, is an increasingly attractive area of exploration stage gold mineralization denominated Red Rock Canyon. Red Rock Canyon exhibits what we believe are extensive, promising hydrothermal associated gold-bearing structures that are documented in historical public and Company records. View numerous geoscientific reports on our website. The Hay Mountain & Red Rock Canyon properties are in Cochise County (southeast) Arizona, USA.

Forward-Looking Statements Certain information contained in public release may contain “forward-looking statements,” as defined in the U.S. Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. All statements contained herein that are not historical facts are forward-looking statements that involve risks, uncertainties and other factors which are unforeseeable and beyond the Company’s or management’s control, which could cause actual results, developments and business decisions to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements may include but not be limited to the business strategies for the Company, assumptions of management, pending or future transactions, future estimated mineral resources or grades, investments, asset valuations, anticipated permits and approvals and other information that may be based on forecasts of future exploration, operational or financial results or estimates of matters not yet determinable. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance using words or phrases like the following may be forward-looking statements: : “estimate”, “intend”, “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” “may”, “might”, “could”, “would” or similar words or expressions. Important factors that could differ materially from the expectations of the Company and management include, among other things, risks related to unsuccessful exploration results, metals prices, fluctuations in currency prices, international markets, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as changes in the availability of funding for mineral exploration and development and general economic conditions. Additional information about these factors, risks and uncertainties on which forward-looking statements are based is discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2024, as updated from time to time in Company filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this public release beyond the presentation date or published date, or for changes made to this document by wire services or Internet services. Risk factors for the company are set out in the 10-K and other periodic filings made with the SEC on EDGAR (ref. Liberty Star Uranium & Metals, Corp.).

Regulation S-K 1300 Matters On October 31, 2018, the U.S. Securities and Exchange Commission adopted Subpart 1300 of Regulation S-K (“Regulation SK-1300”) to modernize the property disclosure requirements for mining registrants and related guidance, under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. All registrants are required to comply with Regulation SK-1300 for fiscal years ending after January 1, 2021. Accordingly, the Company must comply with Regulation SK-1300 for its fiscal year ending January 31, 2022. Regulation SK-1300 uses the Committee for Mineral Reserves International Reporting Standards (“CRIRSCO”) based classification scheme for mineral resources and mineral reserves, which includes definitions for inferred, indicated, and measured mineral resources. Liberty Star is an “Exploration Stage Issuer” as defined in Subpart 1300. It currently has no exploration results, mineral resources, or mineral reserves to report, accordingly, no information, opinions or data included on the website or in any public releases includes any information or disclosures regarding exploration results, mineral resources or mineral reserves as defined in Regulation SK-1300. As a result, the Company is not required, at this time, to obtain or provide a Technical Report Summary as defined in Regulation SK-1300. U.S. Investors are cautioned not to rely upon or assume for any purpose that any part of the mineralized real property of the Company in these categories will ever be converted into inferred, indicated, and measured mineral resources or probable or proven mineral reserves within the meaning of Regulation S-K 1300.

UNLESS OTHERWISE EXPRESSLY STATED ON THE FACE OF ANY SUCH INFORMATION, NOTHING CONTAINED IN THIS PUBLIC RELEASE IS, NOR DOES IT PURPORT TO BE, A TECHNICAL REPORT SUMMARY PREPARED BY A QUALIFIED PERSON PURSUANT TO AND IN ACCORDANCE WITH THE REQUIREMENTS OF SUBPART 1300 OF SECURITIES EXCHANGE COMMISSION REGULATION S-K.

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Oct 2, 2024
Liberty Star Minerals |
Liberty Star Uranium & Metals Corp.
LBSR: OTCQB
http://www.lbsr.us
Contact:
Liberty Star Minerals
Tracy Myers, Investor Relations
520-425-1433 – info@lbsr.us

FAQ

What is the value of Liberty Star's (LBSR) recent equity financing agreement?

Liberty Star Minerals (LBSR) entered into a $10,000,000 Equity Financing Agreement with GHS Investments, on September 25, 2024.

What is the main project Liberty Star (LBSR) is currently exploring?

Liberty Star (LBSR) is primarily exploring the Red Rock Canyon Gold Project (RRC) within the larger Hay Mountain Project property in southeast Arizona.

When did Liberty Star (LBSR) begin its channel sampling program at Red Rock Canyon?

Liberty Star (LBSR) initiated an extensive channel sampling program at the Red Rock Canyon Gold Project in March 2024.

What is the purpose of Liberty Star's (LBSR) channel sampling program?

The channel sampling program aims to generate a near-surface gold resource and provide direction for future drilling at the Red Rock Canyon Gold Project.

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