| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| SG&A Expense | $49K | — | -23.8% |
| Operating Income | -$209K | — | -9.6% |
| Net Income | -$115K | — | +65.8% |
| EPS (Basic) | $0.00 | — | +100.0% |
| EPS (Diluted) | $0.00 | — | +100.0% |
| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| Cash & Equivalents | $65K | -76.5% | -4.0% |
| Current Assets | $118K | -61.8% | +4.8% |
| Total Assets | $121K | -61.4% | -0.9% |
| Current Liabilities | $620K | -15.1% | -58.1% |
| Total Liabilities | $653K | -14.4% | -56.9% |
| Stockholders' Equity |
| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$234K | — | -47.2% |
| Financing Cash Flow | $23K | — | -89.1% |
Business Overview
Liberty Star Uranium & Metals Corp. is an exploration-stage natural resource company focused on uranium and metals exploration across multiple mineral claims. During the three months ended April 30, 2026, the company continued its exploratory activities with geological and geophysical costs of $71,328, while managing its capital through debt conversions and equity issuances. The company issued 13.5 million shares for conversion of convertible notes totaling $270.9 million in principal and interest.
Segment Performance
The company operates as a single exploration segment with no revenue generation during the three months ended April 30, 2026 (compared to zero revenue in the prior year period). Operating expenses totaled $209,469 in 2026 versus $191,048 in 2025, driven primarily by increased geological and geophysical costs of $71,328 (2026) versus $20,911 (2025). Net loss for the period was $114,995 (2026) compared to $336,132 (2025), improved by a $429,456 gain on change in fair value of derivative liabilities versus a $46,495 gain in the prior year, partially offset by significantly higher interest expense of $335,778 (2026) versus $49,162 (2025).
Forward Guidance
The company states it is "working to secure additional funds through the exercise of stock warrants already outstanding, equity financing, debt financing or joint venture agreements." Forward-looking statements are qualified by substantial uncertainties: "actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein." The company notes "There are no assurances that a commercially viable mineral deposit exists on any of our properties" and "the Company may not find sufficient ore reserves to be commercially mined."
Key Risk Factors
The company faces substantial risks including: (1) exploration business failure risk, as there are no known mineral reserves on its claims and funds spent on exploration may be lost; (2) financing risk, as additional capital is required for exploratory activity and the company may not generate revenues to sustain operations, creating high risk of business failure; (3) regulatory risk, as exploration activities are subject to comprehensive regulation that may cause delays or require unanticipated capital outlays; (4) operational risks including inability to compete for financing and qualified personnel; and (5) going concern risk, as management has determined there is substantial doubt about the company's ability to continue as a going concern given its history of stockholders deficit, negative operating cash flows, and operating losses.
| -$532K |
| -18.2% |
| +61.8% |