Liberty Star Uranium & Metals

What Liberty Star Uranium & Metals does

Liberty Star Uranium & Metals Corp. (doing business as Liberty Star Minerals) is an Arizona-based mineral exploration company headquartered at 2 East Congress St., Suite 900, Tucson, AZ, and publicly traded on the OTCQB Venture Market under ticker LBSR. Its activity traces back to 2004, and it reports 1–10 employees. The company acquires, explores and develops mineral properties in the historic Tombstone mining district of Cochise County, southeast Arizona, an area the company describes as one of North America's most mineral-rich regions with known copper, gold, silver and molybdenum potential. Under Regulation S-K Subpart 1300 it is classified as an "Exploration Stage Issuer" with no mineral resources or mineral reserves to report, so it sells no product, generates no operating revenue, and funds exploration entirely through equity facilities, convertible notes and warrant arrangements.

Two flagship wholly owned properties carry the asset base. Hay Mountain, held under Liberty Star Hay Mountain Holdings LLC, comprises 16,888.42 acres of federal lode claims and Arizona State Mineral Exploration Permits (MEPs) and targets a deep porphyry copper-gold-molybdenum system at the Earp Ridge property, where a 2024 diamond core drilling program was run by NISS Drilling Services. Red Rock Canyon, held under Red Rock Mines, LLC, covers 4,761.5 acres of MEPs and is a near-surface epithermal/Carlin-style gold prospect; a smaller copper-gold property, Robbers Roost, is also held. The technical stack combines classical exploration with geophysics and geochemistry: NI 43-101 compliant soil, rock and vegetation sampling of approximately 1,800 samples assayed for 64 elements at a certified Vancouver laboratory with QA/QC and chain of custody; a 2013 Geotech Ltd. ZTEM airborne electromagnetic and aeromagnetic survey over Hay Mountain that defined as many as 10 magnetic anomalies, with 3-D magnetic inversion cross-sections; hand-held Niton XRF outcrop mapping; a 3-D induced polarization (IP) survey at Red Rock Canyon initiated in June 2025 covering approximately 10 acres to depths of up to 500 feet, which mapped gold-bearing veins through elevated resistivity and higher IP values tied to pyrite and arsenopyrite; and channel sampling assayed by ALS/USA Inc. that returned bonanza grades of 107.5 g/t and 60.0 g/t gold, extended known mineralization by 100 feet, and identified six new jasperoid lenses grading greater than 0.5 g/t over more than 2-foot widths.

The revenue model is pre-revenue and transaction-based. Historic financings include $1 million (April 2004), $2.0 million (June 2004) and $4.4 million (May 2007); in August 2021 the company executed a $1,000,000 common stock purchase agreement plus a $1,000,000 warrant agreement with Triton Funds LP at 75% of the lowest five-day VWAP; in September 2024 it entered an equity financing agreement with GHS Investments LLC to raise up to $10 million over two years, with issuance linked to trading volume and a committed SEC registration statement; and it has since issued small convertible notes of $70,400 (December 2025), $110,000 (March 2026) and $73,700 (June 2026). Go-to-market is partner-led rather than transactional: management states it is "actively pursuing joint venture partnerships to advance both projects," and the November 18, 2025 realignment consolidated all mineral holdings under Liberty Star Hay Mountain Holdings LLC with commodity-specific subsidiaries Earp Ridge Mines, LLC (multi-mineral copper/molybdenum/critical minerals), Red Rock Mines, LLC (gold) and American Strategic Minerals, LLC (critical minerals partnerships), so a partner can transact on a single asset. There are no named customers, no products and no revenue; future revenue would come from one-time option, earn-in or JV funding, and only later from royalties or earn-outs from resource development. SAM registration in June 2025 opened eligibility for federal grants and contracts relating to domestic critical mineral supply chains.

Name

Liberty Star Uranium & Metals

Legal name

Liberty Star Uranium & Metals Corp.

Website

https://libertystaruranium.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Liberty Star Uranium & Metals (OTCQB: LBSR) is a Tucson-based, pre-revenue mineral exploration company holding the Hay Mountain and Red Rock Canyon projects in Arizona's Tombstone district, targeting porphyry copper-gold-molybdenum and Carlin-style gold for joint venture partners and public-equity investors.

Ownership category

akta.pro rank

Product category

Mining Exploration Services

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (21222), Other Metal Ore Mining (21229)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro industry

PRIMARYIMAKAFAL

Exploration & Resource Development (Critical Minerals)

Industrials, Manufacturing & Construction/Metals & Mining/Battery & Critical Minerals Mining (Lithium, Nickel, Cobalt, Graphite, Manganese, Rare Earths)

SECONDARYIMAKAEAI

Precious Metals Exploration & Project Development

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

SECONDARYIMAKAEAA

Gold Mining

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

Keywords

• Mineral exploration
• Porphyry copper gold projects
• Critical minerals development
• Geophysical surveying
• Joint venture option agreements

Headquarters

HQ city

Tucson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. Pre-revenue exploration stage (no operating revenue): Liberty Star is classified as an "Exploration Stage Issuer" under Subpart 1300 of Regulation S-K and currently has no mineral resources or mineral reserves to report, so it generates no product or royalty revenue; it is funded by equity financings (e.g., the $10 million GHS Investments equity financing), convertible notes (e.g., $73,700, $110,000 and $70,400 note agreements) and equity line facilities such as the Triton Funds $1,000,000 common stock purchase agreement.
2. Option and joint venture payments from mining partners (planned): The stated go-to-market is to advance both projects through joint venture partnerships, with dedicated wholly owned subsidiaries (Earp Ridge Mines LLC for multi-mineral copper/moly/critical minerals, Red Rock Mines LLC for the gold target, American Strategic Minerals LLC for critical minerals partnership opportunities) created specifically so that partners with interests in a specific mineral commodity can transact on that asset. Option payments, earn-ins and JV funding would be one-time transactional revenue rather than recurring.
3. Future royalties or earn-outs from resource development: Once a gold resource is delineated and a mineral resource is defined, the company's stated plan is to move toward development of a Mineral Resource at Red Rock Canyon and potential underground, open-pit and heap-leach mining of porphyry copper-gold-molybdenum, which would introduce royalty/earn-out streams; no such revenue exists today.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Liberty Star Uranium & Metals Corp. (d/b/a Liberty Star Minerals) is an Arizona-based mineral exploration company that acquires, explores and develops mineral properties in the historic Tombstone mining district of Cochise County, southeast Arizona. Its portfolio centers on the Hay Mountain Project (a multi-target porphyry copper-gold-molybdenum and critical minerals property, 16,888.42 acres of federal lode claims and Arizona State Mineral Exploration Permits) and the Red Rock Canyon Gold Project (4,761.5 acres of MEPs held by Red Rock Mines, LLC), which is advanced toward a defined mineral resource via channel sampling, 3D induced polarization geophysics, geochemistry and diamond core drilling, with the stated commercial path being joint venture/option partnerships with mining partners.

Product overview

Liberty Star Uranium & Metals Corp. (d/b/a Liberty Star Minerals) is an Arizona-based mineral exploration company rather than a software vendor; its "offering" is a portfolio of exploration-stage mineral properties and the subsurface assets behind them. The structure is a core project plus satellite modules rather than a single unified product: the flagship Hay Mountain Project (a multi-target porphyry copper–gold–molybdenum and critical minerals property in the Tombstone Mining District, Cochise County, Arizona) is the core asset, and within and alongside it sit the Red Rock Canyon Gold Project (near-surface and Carlin-style gold), the Robbers Roost Copper–Gold Project, and a dedicated "3D IP Survey" geophysical technique applied at Red Rock Canyon. These properties are held and organized through named entities — Liberty Star Hay Mountain Holdings LLC as the consolidated holding company, Earp Ridge Mines, LLC for the multi-mineral Hay Mountain Target 1 & 2 claims, Red Rock Mines, LLC for the world-class gold target, and American Strategic Minerals, LLC as a vehicle for critical minerals partnerships — with the geoscientific deliverable layer (Red Rock Canyon Gold Property Technical Report, geochemical assay tables, ZTEM/ZTEM and 3D magnetic inversion models, project maps and data room on lbsr.us) supporting the exploration programs. The Company is actively pursuing joint venture partnerships across both flagship projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Hay Mountain Project Flagship multi-target porphyry copper-gold-molybdenum and critical minerals exploration project in the Tombstone Mining District, Cochise County, Arizona, located 6.5 miles southeast of Tombstone, covering 16,888.42 acres of federal lode claims and Arizona State Mineral Exploration Permits; the district-scale area of interest entails about 42 square miles. Targeted at a deep-seated and near-surface copper porphyry system supported by ZTEM aeromagnetic anomalies, roughly 1,800 geochemical samples assayed for 64 elements, XRF surface analysis and the 2024 diamond core drilling program at Earp Ridge (Target 1).
• Red Rock Canyon Gold Project Near-surface epithermal and Carlin-style gold prospect contiguous with and immediately north of Hay Mountain Target 1, held under 4,761.5 acres of Arizona Mineral Exploration Permits and hosted by wholly owned subsidiary Red Rock Mines, LLC. Channel sampling returned bonanza grades of 107.5 g/t and 60.0 g/t Au extending known mineralization by 100 feet, and a 3D induced polarization survey maps gold-bearing veins via elevated resistivity and IP values associated with pyrite and arsenopyrite.
• Earp Ridge Mines, LLC (Earp Ridge Copper Project / Hay Mountain Targets 1 & 2) Wholly owned subsidiary created to hold the multi-mineral claims historically known as Hay Mountain Target 1 & 2, covering the copper, molybdenum and critical minerals (including rare earth elements) porphyry targets within the Tombstone Mining District, providing a dedicated business unit to sharpen development focus and support targeted joint venture structures.
• Red Rock Mines, LLC Wholly owned subsidiary created to advance and highlight the Red Rock Canyon gold resource opportunity, housing the company's stated world-class gold target as a self-contained business unit for partnership discussions.
• American Strategic Minerals, LLC Entity established to create partnership opportunities in critical minerals, targeting areas with significant potential for copper, gold, rare earth elements and other critical minerals essential to U.S. technology and defense infrastructure.
• Robbers Roost Copper–Gold Project Copper-gold exploration property in Cochise County, Arizona, whose holdings were renewed and expanded by the company and which forms part of the wider Hay Mountain project area including Red Rock Canyon.
• Red Rock Canyon Gold Property Technical Report Qualified-person technical report by Barney Guarnera, P.Eng., QP, CMA on the Red Rock Canyon gold property, integrating historic 1999 and 2004 drilling, aeromagnetic and geochemical data to assess whether commercially economic gold deposits exist on the company's MEP lands; a revised edition was released June 30, 2021 and is made available on lbsr.us.

Quantifiable outcome

• Total mineralized footprint increased to approximately 45 square miles, ranked the largest mineral footprint in Arizona not controlled by a large mining company
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core - contractor for the company's first diamond core drilling program, supporting - regulatory prerequisite to red rock canyon drilling, core - geophysical contractor for ip surveys at red rock canyon, core - accredited assay laboratory for all public assay tables, minor - historic investor roadshow and promotion arrangement, core - provider of the airborne geophysical dataset underpinning hay mountain targeting, minor - historical joint venture for uranium at north pipes and core - authored ni 43-101 style technical reports defining drill targets.

• Proactive Investors LimitedGTM or Marketing Partner · 5 August 2026
• NISS Drilling Servicescore - contractor for the company's first diamond core drilling programImplementation/ SI/ Consulting Partner · 21 November 2023Liberty Star engaged NISS Drilling Services to undertake diamond core drilling at the Red Rock Canyon Gold Project within the Hay Mountain Project in southeast Arizona, with additional deeper drilling planned at Hay Mountain Target 1 (Earp Ridge). The planned program consisted of about 250 feet of diamond core per hole at or near historic drill sites, and was described by the Board Chair as engaging a world class drilling service for the company's first test of its gold and copper properties.
• Desert Archaeology, Inc.supporting - regulatory prerequisite to red rock canyon drillingImplementation/ SI/ Consulting Partner · 13 September 2021Engaged to conduct Arizona State Land Department required archaeological studies over the Red Rock Canyon gold project, covering the sites of concentrated historical core drilling and later extending to the company's 4,761.5-acre MEP lands. Findings were expected to be similar to those completed on adjacent company land in 2013, and completion was a prerequisite for mobilizing drilling.
• J.B. Fink LLC (Dr. Jim Fink, PhD, P.E., R.G., R.L.S.)core - geophysical contractor for ip surveys at red rock canyonTechnology or Integration · 13 September 2021Engaged to perform ground-based induced polarization (IP) geophysical work at the Red Rock Canyon project, including an IP resistivity survey over the area of known gold occurrence, supplementing existing information to inform drill location selections. Dr. Fink was to conduct 2-D IP geophysics over strategically located portions of the project, with field work to commence upon ASLD approval of the studies.
• ALS/USA Inc.core - accredited assay laboratory for all public assay tablesImplementation/ SI/ Consulting Partner · 26 May 2021ALS/USA Inc. (Tucson and Vancouver facilities) performed the certified geochemical and fire assays underlying the company's public assay tables, including 28 rock chip samples in January 2021 and 15 samples in May 2021. Assays were run to industry-standard chain of custody protocols and QA/QC per NI 43-101 requirements, producing results such as nine of fifteen samples grading 0.62 to 67.7 ppm gold.
• naseba (Naru Capital)minor - historic investor roadshow and promotion arrangementGTM or Marketing Partner · 25 July 2013Liberty Star signed an agreement with naseba (a division of Naru Capital) in July 2013 and an extended agreement in August 2014, with presentations of the Hay Mountain JV proposal at the naseba summit in Mumbai, India (July 2013), a highly productive Beijing and Middle East roadshow (2014), and a Hay Mountain JV proposal presented in Saudi Arabia in May 2014.
• Geotech Ltd.core - provider of the airborne geophysical dataset underpinning hay mountain targetingTechnology or Integration · 1 January 2013Liberty Star contracted Geotech Ltd. to run a ZTEM airborne electromagnetic survey over the Hay Mountain area in 2013, producing magnetic and electromagnetic data and NI 43-101 compliant technical reports from a Certified Geophysicist/Geologist. The final report identified as many as 10 meaningful targets and a major magnetic anomaly centered on Liberty Star's geochemical anomaly, with 3-D magnetic inversion cross-sections subsequently produced.
• Sagebrush Gold LTDminor - historical joint venture for uranium at north pipesStrategic or Co-development Partner · 7 September 2011In September 2011 Liberty Star announced a joint venture with Sagebrush Gold LTD for the Uranium North Pipes Super Project in Arizona, covering the company's uranium-focused claims. The joint venture is a historical arrangement; the company's current focus is the Arizona copper-gold-molybdenum and critical mineral portfolio.
• SRK Consultingcore - authored ni 43-101 style technical reports defining drill targetsImplementation/ SI/ Consulting Partner · 1 March 2011In mid-March 2011 Liberty Star contracted SRK Consulting to prepare technical reports over three areas within the Tombstone Project: Hay Mountain, Tombstone South and Walnut Creek. SRK's engineering/scientific staff, supervised by Qualified Person and SRK Tucson Office Principal Geologist Corolla Hoag, and geologist Dr. Jan Rasmussen visited the property, and their technical analysis of geochemical, geophysical and computer modeling data concluded that all three claim blocks were worthy of further exploration work.

Scale indicators12 records

Recent moves9 records

Expansion highlights9 records

Direct peers

• Laramide Resources: US-focused copper-gold exploration company with Arizona projects (Chakoo, Bornite) and a comparable strategy of monetising drill-ready, permitted-but-undeveloped US ground through joint ventures, earn-ins and strategic/sovereign partners.
• Vista Gold Corp: Arizona-based gold explorer (Isthmus and Iptsas projects) at a similar pre-resource stage, pursuing district-scale consolidation in southern Arizona with drilling and permitting as the path to a partner transaction.
• Osisko Development: Explorer-developer with Arizona exposure (San Antonio) that funds drilling and project advancement through joint ventures, earn-ins and royalty/streaming-style arrangements — the same monetisation pathway Liberty Star is pursuing.
• Perpetua Resources: US critical-minerals explorer (Stibnite antimony) using federal permitting, Department of Defense and government funding channels to advance a domestic strategic-mineral project — closely analogous to Liberty Star's SAM registration and critical-minerals advocacy strategy.
• Northern Dynasty Minerals: US exploration-stage mineral developer and, historically, the counterparty that funded Liberty Star's claim maintenance on the Big Chunk project in Alaska (2010-12), making it both a comparable explorer and a former partner.
• Radius Gold: Small-cap gold explorer advancing projects through farm-in and joint-venture structures rather than owning operating assets, closely matching Liberty Star's earn-in/JV-dependent, pre-revenue business model.
• Paramount Gold Nevada: US gold exploration company with permitted drill programs and high-grade surface results awaiting resource definition — the same 'high-grade samples, resource yet to be declared' stage as Red Rock Canyon.

Broad incumbents

• Freeport-McMoRan: Major US copper producer operating in Cochise County, Arizona (Morenci) and dominant in the Tombstone district, making it both the benchmark operator and the most likely strategic acquirer or JV counterparty for Liberty Star's ground.
• Energy Fuels: US producer and processor of uranium and rare earths (White Mesa) with Arizona operations, and a natural strategic partner for Liberty Star's critical-minerals subsidiary and uranium-legacy claims.
• MP Materials: The leading US rare-earth and critical-minerals producer, representative of the strategic and government-backed capital that Liberty Star's US-domiciled critical-minerals positioning is designed to attract.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/LibertyStarLBSR
• Facebookfacebook.com/LBSR.us
• LinkedInlinkedin.com/company/liberty-star-uranium-&-metals-corp
• YouTubeyoutube.com/watch?v=45GnxROciww

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liberty Star Uranium & Metals