Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 31, 2023

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission file number 000-50071

LIBERTY STAR URANIUM & METALS CORP.

(Exact name of registrant as specified in its charter)

Nevada

90-0175540

(State or other jurisdiction of

incorporation or organization)

(IRS Employer

Identification No.)

2 East Congress Street Ste. 900, Tucson, Arizona		85701
(Address of principal executive offices)		(Zip code)

520-425-1433

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

(Check one):

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchanged on Which Registered
Common		LBSR		OTCQB

The number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 49,813,861 common shares as of December 15, 2023.

TABLE OF CONTENTS

		Page
	PART I

Item 1.	Financial Statements	4
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	16
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	20
Item 4.	Controls and Procedures	20

	PART II

Item 1.	Legal Proceedings	21
Item 1A.	Risk Factors	21
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	21
Item 3.	Defaults Upon Senior Securities	21
Item 4.	Mine Safety Disclosures	21
Item 5.	Other Information	21
Item 6.	Exhibits	22
	Signatures	23

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology.

These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our consolidated financial statements are stated in United States Dollars (“US$”) and are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements. The following discussion should be read in conjunction with our consolidated financial statements and the related notes that appear elsewhere in this quarterly report. As used in this quarterly report, the terms “we”, “us”, “the Company”, and “Liberty Star” mean Liberty Star Uranium & Metals Corp. and our subsidiaries, Hay Mountain Holdings, LLC, Earp Ridge Mines LLC and Red Rock Mines LLC, unless otherwise indicated. All dollar amounts refer to U.S. dollars unless otherwise indicated.

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

Liberty Star Uranium & Metals Corp.

Consolidated Balance Sheets

(Unaudited)

	October 31,			January 31,
	2023			2023

Assets

Current assets:
Cash and cash equivalents	$	721,737		$	32,616
Prepaid expenses and other current assets		22,846			6,540
Total current assets		744,583			39,156

Noncurrent assets:
Property and equipment, net		19,262			21,888
Total noncurrent assets		19,262			21,888

Total assets	$	763,845		$	61,044

Liabilities and Stockholders’ Equity (Deficit)

Current:
Accounts payable and accrued liabilities	$	209,113		$	218,954
Accrued expenses to related party		81,688			66,205
Advances		17,092			-
Advances from related party		9,520			5,000
Note payable		8,546			2,754
Notes payable to related party		76,828			50,000
Convertible promissory note, net of unamortized debt discount of $0 and $33,760		-			92,624
Current portion of long-term debt - SBA		2,041			1,782
Derivative liability		-			172,393
Total current liabilities		404,828			609,712

Long-term:
Long-term debt - SBA, net of current portion		30,359			30,618
Total long-term liabilities		30,359			30,618

Total liabilities		435,187			640,330

Commitments and Contingencies (Note 10)		-			-

Stockholders’ equity (deficit):
Class A common stock - $.00001 par value; 500,000 authorized; 250,000 and 102,000 shares issued and outstanding		3			1
Common stock - $.00001 par value; 74,500,000 authorized; 49,813,861 and 18,671,159 shares issued and outstanding, respectively		498			186
Additional paid-in capital		58,423,801			56,941,222
Subscription receivable		(117,850	)		(117,468	)
Accumulated deficit		(57,977,794	)		(57,403,227	)
Total stockholders’ equity (deficit)		328,658			(579,286	)

Total liabilities and stockholders’ equity (deficit)	$	763,845		$	61,044

The accompanying notes are an integral part of the unaudited consolidated financial statements

Liberty Star Uranium & Metals Corp.

Consolidated Statements of Operations

(Unaudited)

	2023			2022			2023			2022
	For the three months ended						For the nine months ended
	October 31						October 31
	2023			2022			2023			2022

Revenues	$	-		$	-		$	-		$	-
Expenses:
Geological and geophysical costs		112,104			31,659			125,792			69,165
Salaries and benefits		55,737			43,169			152,419			127,919
Professional services		33,904			41,120			121,437			139,091
General and administrative		49,422			135,639			127,851			358,655
Net operating expenses		251,167			251,587			527,499			694,830
Loss from operations		(251,167	)		(251,587	)		(527,499	)		(694,830	)

Other income (expense):
Interest expense		(88,680	)		(73,733	)		(209,984	)		(205,524	)
Other income		1,126			283			2,365			283
Gain on forgiveness of SBA loan		-			-			-			32,851
Gain on disposal of fixed asset		-			5,000			-			5,000
Gain on settlement of debt		-			-			-			998,284
Gain on change in fair value of derivative liability		86,112			190,152			160,551			490,849
Total other income (expense), net		(1,442	)		121,702			(47,068	)		1,321,743
Net income (loss)	$	(252,609	)	$	(129,885	)	$	(574,567	)	$	626,913

Net income (loss) per share of common stock - basic	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	0.04
Net income (loss) per share of common stock - diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	0.04

Weighted average shares outstanding - basic		32,289,211			16,505,728			24,676,301			14,748,380
Weighted average shares outstanding - diluted		32,289,211			16,505,728			24,676,301			15,236,192

The accompanying notes are an integral part of the unaudited consolidated financial statements

Liberty Star Uranium & Metals Corp.

Consolidated Statements of Changes in Stockholders’ Equity (Deficit)

For the nine months ended October 31, 2023 and 2022

(Unaudited)

	Shares			Amount			Shares		Amount		Receivable			Capital			Deficit			Deficit
	Class A Common stock						Common stock				Subscription			Additional paid-in			Accumulated			Total Stockholders’ Equity
	Shares			Amount			Shares		Amount		Receivable			Capital			Deficit			(Deficit)

Balance, January 31, 2023		102,000		$	1			18,671,159	$	186	$	(117,468	)	$	56,941,222		$	(57,403,227	)	$	(579,286	)
Receipt of subscription receivable		-			-			-		-		16,368			-			-			16,368
Cashless exercise of options		-			-			250,000		3		(16,750	)		16,747			-			-
Shares issued for conversion of notes		-			-			1,251,270		13		-			70,930			-			70,943
Stock based compensation		-			-			-		-		-			19,265			-			19,265
Resolution of derivative liabilities due to debt conversions		-			-			-		-		-			43,931			-			43,931
Net loss for the three months ended April 30, 2023		-			-			-		-		-			-			(118,579	)		(118,579	)
Balance, April 30, 2023		102,000			1			20,172,429		202		(117,850	)		57,092,095			(57,521,806	)		(547,358	)
Issuance of common stock and warrants in private placement		-			-			3,542,778		35		-			159,965			-			160,000
Shares issued for conversion of notes		-			-			1,690,073		17		-			61,078			-			61,095
Stock based compensation		-			-			978,300		10		-			24,354			-			24,364
Resolution of derivative liabilities due to debt conversions and untainted warrants		-			-			-		-		-			125,520			-			125,520
Net loss for the three months ended July 31, 2023		-			-			-		-		-			-			(203,379	)		(203,379	)
Balance, July 31, 2023		102,000			1			26,383,580		264		(117,850	)		57,463,012			(57,725,185	)		(379,758	)
Issuance of common stock and warrants in private placement		398,000			4			20,454,707		205		-			851,201			-			851,410
Shares issued for conversion of notes		-			-			2,725,574		27		-			101,215			-			101,242
Shares exchanged		(250,000	)		(2	)		250,000		2		-			-			-			-
Stock based compensation		-			-			-		-		-			19,614			-			19,614
Resolution of derivative liabilities due to debt conversions and untainted warrants		-			-			-		-		-			(11,241	)		-			(11,241	)
Net loss for the three months ended October 31, 2023		-			-			-		-		-			-			(252,609	)		(252,609	)
Balance, October 31, 2023		250,000		$	3			49,813,861	$	498	$	(117,850	)	$	58,423,801		$	(57,977,794	)	$	328,658

Balance, January 31, 2022		102,000		$	1			13,458,752	$	135	$	-		$	56,503,616		$	(57,968,822	)	$	(1,465,070	)
Shares issued for conversion of notes		-			-			144,304		1		-			44,999			-			45,000
Options issued related to settlement agreement		-			-			-		-		-			44,706			-			44,706
Reclass of APIC to derivative liabilities for tainted warrants		-			-			-		-		-			(731,226	)		-			(731,226	)
Resolution of derivative liabilities due to debt conversions		-			-			-		-		-			22,712			-			22,712
Net income for the three months ended April 30, 2022		-			-			-		-		-			-			811,838			811,838
Balance, April 30, 2022		102,000			1			13,603,056		136		-			55,884,807			(57,156,984	)		(1,272,040	)
Issuance of common stock and warrants in private placement and warrant exercises		-			-			13,298		-		-			5,000			-			5,000
Issuance of common shares for subscription receivable		-			-			1,109,804		11		-			187,019			-			187,030
Shares issued for conversion of notes		-			-			539,895		5		-			141,015			-			141,020
Stock based compensation		-			-			500,000		5		-			163,172			-			163,177
Reclass of APIC to derivative liabilities for tainted warrants		-			-			-		-		-			(1,855	)		-			(1,855	)
Resolution of derivative liabilities due to debt conversions		-			-			-		-		-			55,762			-			55,762
Net loss for the three months ended July 31, 2022		-			-			-		-		-			-			(55,040	)		(55,040	)
Balance, July 31, 2022		102,000			1			15,766,053		157		-			56,434,920			(57,212,024	)		(776,946	)
Balance		102,000			1			15,766,053		157		-			56,434,920			(57,212,024	)		(776,946	)
Issuance of common stock and warrants in private placement and warrant exercises		-			-			26,738		-		-			5,000			-			5,000
Shares issued for conversion of notes		-			-			904,961		9		-			114,511			-			114,520
Cashless exercise of options		-			-			674,000		7		(101,100	)		101,093			-			-
Stock based compensation		-			-			-		-					104,226			-			104,226
Reclass of APIC to derivative liabilities for tainted warrants		-			-			-		-		-			(1,211	)		-			(1,211	)
Resolution of derivative liabilities due to debt conversions		-			-			-		-		-			39,858			-			39,858
Net loss for the three months ended October 31, 2022		-			-			-		-		-			-			(129,885	)		(129,885	)
Net income (loss)		-			-			-		-		-			-			(129,885	)		(129,885	)
Balance, October 31, 2022		102,000		$	1			17,371,752	$	173	$	(101,100	)	$	56,798,397		$	(57,341,909	)	$	(644,438	)
Balance		102,000		$	1			17,371,752	$	173	$	(101,100	)	$	56,798,397		$	(57,341,909	)	$	(644,438	)

The accompanying notes are an integral part of the unaudited consolidated financial statements

Liberty Star Uranium & Metals Corp.

Consolidated Statements of Cash Flows

(Unaudited)

	2023			2022
	For the nine months ended
	October 31,
	2023			2022

Cash flows from operating activities:
Net income (loss)	$	(574,567	)	$	626,913
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,534			4,375
Stock based compensation		63,243			267,403
Amortization of debt discounts		197,477			192,931
Gain loss on change in fair value of derivative liabilities		(160,551	)		(490,849	)
Gain on forgiveness of SBA loan		-			(32,851	)
Gain on settlement of debt		-			(998,284	)
Gain on disposal of fixed asset		-			(5,000	)
Changes in assets and liabilities:
Prepaid expenses		8,544			23,620
Accounts payable and accrued expenses		37,017			(18,505	)
Cash flows used in operating activities:		(424,303	)		(430,247	)

Cash flows from investing activities:
Proceeds from sale of equipment		-			5,000
Cash flows provided by investing activities:		-			5,000

Cash flows from financing activities:
Repayments of advances, related party		-			(18,996	)
Proceeds from advances, related party		1,363			19,550
Proceeds from notes payable, related party		35,000			-
Payments on notes payable		(19,058	)		(16,346	)
Proceeds from convertible promissory notes		80,000			197,000
Proceeds from the issuance of common stock and warrants in private placement		999,751			192,030
Receipt of subscription receivable		16,368			-
Net cash provided by financing activities		1,113,424			373,238

Increase (decrease) in cash and cash equivalents		689,121			(52,009	)
Cash and cash equivalents, beginning of period		32,616			102,741
Cash and cash equivalents, end of period	$	721,737		$	50,732

Supplemental disclosure of cash flow information:
Income tax paid	$	-		$	-
Interest paid	$	1,999		$	942

Supplemental disclosure of non-cash items:
Resolution of derivative liabilities due to debt conversions and untainted warrants	$	156,309		$	118,332
Reclass of APIC to derivative liabilities for tainted warrants	$	1,901		$	734,292
Debt discounts due to derivative liabilities	$	146,368		$	168,080
Common stock issued for conversion of debt and interest	$	233,280		$	300,540
Expenses paid by related party on behalf of the Company	$	4,736		$	4,446
Prepaid insurance financed with note payable	$	24,850		$	24,750
Shares issued for settlement of liability	$	-		$	5,000
Cashless exercise of warrants	$	16,750		$	101,100
Non-cash equipment addition	$	1,908		$	-
Non-cash payment on note payable, related party	$	9,751		$	-
Expenses paid on behalf of the Company	$	17,092		$	-

The accompanying notes are an integral part of the unaudited consolidated financial statements

LIBERTY STAR URANIUM & METALS CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 – Basis of Presentation

The consolidated financial statements included herein have been prepared by Liberty Star Uranium & Metals Corp. (the “Company”, “we”, “our”) without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and should be read in conjunction with our annual report on Form 10-K for the year ended January 31, 2023 as filed with the SEC under the Securities and Exchange Act of 1934 (the “Exchange Act”) on May 16, 2023. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been omitted, as permitted by the SEC, although we believe the disclosures which are made are adequate to make the information presented not misleading. The consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at October 31, 2023, and the results of our operations and cash flows for the periods presented.

Interim results are subject to significant seasonal variations and the results of operations for the three and nine months ended October 31, 2023, are not necessarily indicative of the results to be expected for the full year.

NOTE 2 – Going Concern

The Company has a history of and expects to continue to report stockholders’ deficit, negative cash flows from operations and loss from operations. Additional funds are required for further exploratory activity and to maintain its claims prior to attaining a revenue generating status. There are no assurances that a commercially viable mineral deposit exists on any of our properties. In addition, the Company may not find sufficient ore reserves to be commercially mined. As such, there is substantial doubt about the Company’s ability to continue as a going concern.

Management is working to secure additional funds through the exercise of stock warrants already outstanding, equity financing, debt financing or joint venture agreements. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.

NOTE 3 – Summary of Significant Accounting Policies

Fair Value

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) ASC 820 Fair Value Measurements and Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services.

Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort.

			Fair value measurements at reporting date using:
Description	Fair Value		Quoted prices in active markets for identical liabilities (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Warrant and convertible note derivative liabilities at October 31, 2023	$	-		-		-	$	-
Warrant and convertible note derivative liabilities at January 31, 2023	$	172,393		-		-	$	172,393

Our financial instruments consist of cash and cash equivalents, prepaid expenses, accounts payable, accrued liabilities, notes payable, convertible notes payable, and derivative liabilities. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the derivative liabilities, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the derivative liabilities are reported in other income (expense) as gain (loss) on change in fair value of derivative liabilities.

Net income (loss) per share

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Potential common stock equivalents are determined using the treasury stock method. For diluted net income (loss) per share purposes, the Company excludes stock options and other stock-based awards, including shares issued as a result of option exercises that are subject to repurchase by the Company, whose effect would be anti-dilutive from the calculation.

During the nine months ended October 31, 2023 and 2022, the impact of 658,760 and 178,760 of stock options, 14,254,813 and 2,184,185 of warrants, and 0 and 487,812 shares issuable from convertible notes, respectively, were excluded from the calculation as their impact would be anti-dilutive.

Reclassification

Certain reclassifications have been made to our January 31, 2023 consolidated financial statements to conform to our current year presentation. These reclassifications had no effect on our previously reported results of operations or accumulated deficit.

NOTE 4 – Related Party Transactions

Our CEO, Brett Gross, was elected as President and Chief Executive Officer on December 7, 2018 and received no compensation for these services during the nine months ended October 31, 2023 and 2022. On September 29, 2023, Mr. Gross resigned from his position as President and Chief Executive Officer of the Company. Patricia Madaris, VP Finance and Chief Financial Officer will serve as the Interim Chief Executive Officer.

Advances

During the nine months ended October 31, 2023, the Company received cash advances of $1,363 from a related party and a board member paid $3,157 of expenses on the Company’s behalf . As of October 31, 2023 and January 31, 2023, the advances, related party balance was $9,520 and $5,000, respectively.

Accrued Expenses

As of October 31, 2023, and January 31, 2023, we had a balance of accrued unpaid wages and vacation of $81,688 and $66,205 to Patricia Madaris, VP Finance & CFO, respectively. Subsequent to October 31, 2023, the balance was settled in full by the Company.

Note payable

On January 31, 2023, the Company entered into a promissory note with Brett Gross for $50,000 and received cash proceeds. During the nine months ended October 31, 2023, the Company signed an addendum to the January 31, 2023 promissory note to increase the promissory note with Mr. Gross to $86,579. The note bears interest at 10% and matures on January 31, 2024. During the nine months ended October 31, 2023, the Company received cash proceeds of $35,000, non-cash payment on the note of $9,751 and Mr. Gross paid $1,579 of expenses on the Company’s behalf. As of October 31, 2023 and January 31, 2023, the note payable related party balance was $76,828 and $50,000, respectively.

Class A Shares

On September 19, 2023, the Company entered into an agreement to issue a total of 199,000 shares of its Class A shares to Mr. Gross. The aggregate consideration paid for the Class A Shares was $9,781. The consideration was paid by offsetting the purchase price against the Company’s note payable of Mr. Gross. On September 29, 2023, Mr. Gross resigned from his position as President and Chief Executive Officer of the Company. Due to the resignation, the Company exchanged 250,000 shares of Class A common stock owned by Mr. Gross into 250,000 shares of common stock.

On September 19, 2023, the Company entered into an agreement to issue a total of 199,000 shares of its Class A shares to Chairman of the Board for cash proceeds of $9,751.

Other

On March 13, 2023, the Company granted 250,000 options to the CEO. The options expire ten years following issuance and have an exercise price of $0.067. The options vested upon issuance and have a total fair value of $16,750. On the same day, the Company issued a note agreement to the CEO totaling $16,750 and the CEO exercised the 250,000 options. The note bears interest of 3.15% per annum, is due on March 15, 2028 and was recorded as a subscription receivable. As of October 31, 2023 and January 31, 2023, the subscription receivable was $117,850 and $117,468, respectively.

On June 22, 2023, the Company granted 150,000 options to a member of the board of directors. The options expire ten years following issuance and have an exercise price of $0.059. The options vest 50% upon issuance and the remaining 50% on July 1, 2024 and have a total fair value of $8,850. The Company valued the options using the Black-Scholes option-pricing model with the following key assumptions: fair value stock price, $0.0590, Exercise price, $0.0590, Term 10 years, Volatility 173%, and Discount rate 3.9% and a dividend yield of 0%.

On August 14, 2023, the Company granted 75,000 options to a member of the board of directors. The options expire ten years following issuance and have an exercise price of $0.0594. The options vest monthly over one year and have a total fair value of $4,935. The Company valued the options using the Black-Scholes option-pricing model with the following key assumptions: fair value stock price, $0.0658, Exercise price, $0.0597, Term 10 years, Volatility 172%, and Discount rate 4.19% and a dividend yield of 0%.

During the nine months ended October 31, 2023, the Company issued 23,521,147 units to the Chairman of the Board for $970,000 in cash proceeds and $1,908 of equipment purchased. Each unit consists of 1 share of our common stock and ½ warrant. The warrants have a relative fair value of $319,226. Each warrant allows the holder to purchase one share of our common stock at a price ranging from $0.0419 -$0.0753 per share. The warrants expire three years from the date of issuance. The Company valued the warrants using the Black-Scholes option-pricing model with the following range of key assumptions: fair value stock price, $0.04 - $0.0637 , Exercise price, $0.0419 -$0.0753, Term 3 years, Volatility 164% - 166%, and Discount rate 4.23% - 4.82% and a dividend yield of 0%.

NOTE 5 – Stock Options

Qualified and non-qualified incentive stock options outstanding at October 31, 2023 are as follows:

Schedule of Stock Option Activity

	Number of options			Weighted average exercise price per share
Outstanding, January 31, 2023		313,760		$	6.53
Granted		595,000			0.06
Expired		-			-
Exercised		(250,000	)		0.07
Outstanding, October 31, 2023		658,760		$	3.14

Exercisable, October 31, 2023		487,510		$	4.22

These options had a weighted average remaining life of 10.13 years and have no aggregate intrinsic value as of October 31, 2023.

On June 21, 2022, the Company entered into an agreement with an advisor to advise its executive management on strategic partnerships, investments, and other undertakings of material value to the Company. As compensation, the Company granted the advisor monthly stock options of 20,000 for a term of three months. The options have a strike price equal to the closing price per share on the day the options are issued and expire in one year. During the nine months ended October 31, 2023, the Company granted 120,000 options to consultants. The exercise price of the options ranges from $0.047 to $0.093. The total fair value of these option grants at issuance was $7,084. During the nine months ended October 31, 2023, the Company recognized $8,248 of expense related to these options. At October 31, 2023, the Company had $1,117 of unrecognized expenses related to outstanding options.

NOTE 6 – Warrants

As of October 31, 2023, there were 14,254,813 purchase warrants outstanding and 13,747,281 warrants exercisable. The warrants have a weighted average remaining life of 2.72 years and a weighted average exercise price of $0.21 per warrant for one common share. The warrants had an aggregate intrinsic value of $5,850 as of October 31, 2023.

Stock warrants outstanding at October 31, 2023 are as follows:

Schedule of Stock Warrants Outstanding

	Number of warrants		Weighted average exercise price per share
Outstanding, January 31, 2023		2,256,070	$	1.08
Issued		11,998,743		0.04
Expired		-		-
Exercised		-		-
Outstanding, October 31, 2023		14,254,813	$	0.21

Exercisable, October 31, 2023		13,747,281	$	0.14

NOTE 7 – Derivative Liabilities

The embedded conversion feature in the convertible debt instruments that the Company issued (See Note 8), that became convertible during the nine months ended October 31, 2023, qualified it as a derivative instrument since the number of shares issuable under the note is indeterminate based on guidance in FASB ASC 815, Derivatives and Hedging. These convertible notes tainted all other equity linked instruments including outstanding warrants and fixed rate convertible debt on the date that the instrument became convertible.

The valuation of the derivative liabilities of the warrants was determined through the use of a Monte Carlo option pricing model that values the liability of the warrants based on a risk-neutral valuation where the price of the warrant is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the warrant for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the warrant.

The valuation of the derivative liabilities attached to the convertible debt was arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes that were analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities were assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This led to a cash flow simulation over the life of the note. A discounted cash flow for each simulation was completed, and it was compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liabilities.

Key inputs and assumptions used to value the convertible note when it became convertible and upon settlement, and warrants upon tainting, were as follows:

	●	The stock projections are based on the historical volatilities for each date. These volatilities were in the 198% to 239% range. The stock price projection was modeled such that it follows a geometric Brownian motion with constant drift and a constant volatility, starting with the market stock price at each valuation date;

	●	An event of default would not occur during the remaining term of the note;

	●	Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 6% per month.

	●	The effective discount was determined based on the historical trading history of the Company based on the specific pricing mechanism in each note;

	●	The Company would not have funds available to redeem the notes during the remaining term of the convertible notes;

	●	Discount rates were based on risk free rates in effect based on the remaining term and date of each valuation and instrument.

	●	The Holder would exercise the warrant at maturity if the stock price was above the exercise price;

	●	The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month.

Using the results from the model, the Company recorded a derivative liability during the nine months ended October 31, 2023 of $146,368 for the fair value of the convertible feature included in the Company’s convertible debt instruments. The derivative liability recorded for the convertible feature created a “day 1” derivative loss of $0 and a debt discount of $146,368 that is being amortized over the remaining term of the note using the effective interest rate method. Interest expense related to the amortization of this debt discount for the nine months ended October 31, 2023, was $197,477. The remaining unamortized debt discount related to the derivative liability was $0 as of October 31, 2023.

During the nine months ended October 31, 2023, the Company recorded $156,309 due to the conversions of a portion of the Company’s convertible notes. The Company also recorded a change in the fair value of the derivative liabilities as a gain of $160,551 to reflect the value of the derivative liabilities for warrants and convertible notes as of October 31, 2023.

During the nine months ended October 31, 2022, the Company recorded a reclassification from derivative liabilities to equity of $0 for warrants becoming untainted and $118,332 due to the conversions of a portion of the Company’s convertible notes. The Company also recorded a change in the fair value of the derivative liabilities as a gain of $490,849 to reflect the value of the derivative liabilities for warrants and convertible notes as of October 31, 2022.

The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liabilities:

	Nine months ended October 31,
	2023			2022
Beginning balance	$	172,393		$	-
Total (gain) loss		(160,551	)		(490,849	)
Settlements		(156,309	)		(118,332	)
Additions recognized as debt discount		146,368			168,080
Changes due to tainted (untainted) warrants		(1,901	)		734,292
Ending balance	$	-		$	293,191

Change in fair value of derivative liabilities included in earnings relating to derivatives	$	(160,551	)	$	(490,849	)

NOTE 8 – Long-term debt and convertible promissory notes

Following is a summary of convertible promissory notes:

Summary of Convertible Promissory Notes

	October 31, 2023		January 31, 2023

8% convertible note payable issued July 2022, due July 2023	$	–	$	30,138
8% convertible note payable issued September 2022, due September 2023		–		45,138
8% convertible note payable issued November 2022, due November 2023		–		51,108
8% convertible note payable issued February 2023, due February 2024		–		-
8% convertible note payable issued March 2023, due March 2024		–		–
Convertible note payable		–		126,384
Less debt discount		–		(33,760	)
Less current portion of convertible notes		–		(92,624	)
Long-term convertible notes payable	$	-	$	-

On February 3, 2023, the Company entered into a convertible promissory note with 1800 Diagonal Lending in the aggregate principal amount of $48,675 (the “February 2023 Note”). The note bears interest at 8%, with an Original Issue Discount of $4,425 plus an additional $4,250 to pay for transaction fees of the lender, matures on February 2, 2024, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market prices of the Company’s common stock during the 10 trading days prior to conversion.

On March 24, 2023, the Company entered into a convertible promissory note with 1800 Diagonal Lending in the aggregate principal amount of $48,675 (the “March 2023 Note”). The note bears interest at 8%, with an Original Issue Discount of $4,425 plus an additional $4,250 to pay for transaction fees of the lender, matures on March 24,2024, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market prices of the Company’s common stock during the 10 trading days prior to conversion.

During the nine months ended October 31, 2023 and 2022, the Company recorded debt discounts of $146,368 and $168,080, respectively, due to the derivative liabilities, and original issue debt discounts and fees paid to lender of $17,350 and $39,575, respectively, due to the convertible notes. The Company recorded amortization of these discounts of $197,477 and $192,931 for the nine months ended October 31, 2023 and 2022, respectively.

Notes Payable

On June 22, 2020, the Company received loan proceeds of $32,300 (net of $100 loan fee) under the SBA’s Economic Injury Disaster Loan program (“EIDL”). The EIDL loan, dated June 16, 2020, bears interest at 3.75%, has a 30-year term, and is due in monthly installments of $158 beginning June 18, 2021 (extended to December 18, 2022).

In April 2022, the Company entered into a Premium Finance Agreement related to an insurance policy. The policy premiums total $33,400 for a one year policy period. The Company financed $24,750 of the policy over a nine month period. The monthly payments under the agreement are due in nine installments of $2,871, at an annual interest rate of 10.45%. During the nine months ended October 31, 2023, the note balance was paid in full.

In April 2023, the Company entered into a Premium Finance Agreement related to an insurance policy. The policy premiums total $33,500 for a one year policy period. The Company financed $24,850 of the policy over a nine month period. The monthly payments under the agreement are due in nine installments of $2,909, at an annual interest rate of 12.70%.

As of October 31, 2023, the notes payable, net balance was $40,946, which include term long notes payable of $30,359 and current portion of notes payable of $10,587, with accrued interest of $3,055. As of January 31, 2023, the notes payable, net balance was $35,154, which include term long notes payable of $30,618 and current portion of notes payable of $4,536, with accrued interest of $2,907.

NOTE 9 – Stockholders’ equity (deficit)

Common Stock

Our undesignated common shares are all of the same class, are voting and entitle stockholders to receive dividends as defined. Upon liquidation or wind-up, stockholders are entitled to participate equally with respect to any distribution of net assets or any dividends that may be declared.

During the nine months ended October 31, 2023, the Company issued a total of 5,666,917 shares of our common stock for conversions of $223,733 in principal and $9,547 of interest on convertible notes payable at exercise prices ranging from $0.0297 to $0.0888.

On July 17, 2023, the Company issued 476,338 units to a shareholder for $20,000 in cash proceeds. Each unit consists of 1 share of our common stock and ½ warrant. The warrants have a relative fair value of $8,632. Each warrant allows the holder to purchase one share of our common stock at a price of $0.0637. The warrants expire three years from the date of issuance. The Company valued the warrants using the Black-Scholes option-pricing model with the following key assumptions: fair value stock price, $0.0637, Exercise price, $0.0588, Term 3 years, Volatility 165%, and Discount rate 4.34% and a dividend yield of 0%.

On May 26, 2023, the Company entered into a twelve-month stock compensation and subscription agreement with an investor relations firm that includes the issuance of 978,300 shares of common stock. Upon signing the agreement, the Company issued 978,300 shares of common stock and will recognize the expense over the twelve-month service period. The shares of common stock will be subject to a six-month hold period from the date of issuance. During the nine months ended recognized $24,458 of expense related to this agreement.

NOTE 10 – Commitments and contingencies

We currently rent storage space for $105 per month in Tombstone, Arizona on a month-to-month basis.

We are required to pay annual rentals for Liberty Star’s federal lode mining claims for the Tombstone project in the State of Arizona. The rental period begins at noon on September 1^st through the following September 1^st and rental payments are due by the first day of the rental period. The annual rentals are $165 per claim. The rentals due by September 1, 2023 for the period from September 1, 2023 through September 1, 2024 of $15,345 have been paid.

We are required to pay annual rentals for our Arizona State Land Department Mineral Exploration Permits (“AZ MEP”) at our Tombstone Hay Mountain project in the State of Arizona. AZ MEP permits cost $500 per permit per year in non-refundable filing fees and are valid for 1 year and renewable for up to 5 years. The rental fee is $2.00 per acre for the first year, which includes the second year, and $1.00 per acre per year for years three through five. The minimum work expenditure requirements are $10 per acre per year for years one and two and $20 per acre per year for years three through five. If the minimum work expenditure requirement is not met the applicant can pay the equal amount in fees to the Arizona State Land Department to keep the AZ MEP permits current. The rental period begins on the date of acceptance for each permit. Rental payments are due by the first day of the rental period. We hold AZ MEP permits for 12,878.18 acres at our Tombstone project. We paid filing and rental fees for our AZ MEP’s before their respective due dates in the amount of $27,264.

NOTE 11 – Subsequent Events

The Company has evaluated subsequent events through the filing date of this Form 10-Q and determined that the following subsequent events have occurred that would require recognition in the consolidated financial statements or disclosures in the notes thereto.

On November 9, 2023, the Company entered into an agreement to issue a total of 250,000 shares of its Class A Common Stock to Pete O’Heeron, Chairman of the Board, Treasurer, Secretary & Director of the Company. The consideration paid for the Class A Common Stock was $9,525 ($0.0381 per share). As a result, the Company had a change of control as a result of the issuance of 250,000 shares of Class A Common Stock. Prior to issuance of the Class A Common Stock on November 9, 2023, the Company held 250,000 Class A shares with 200 votes each for 50,000,000 votes, and now the total held for Class A shares is 500,000 with 200 votes each or a total of 100,000,000 votes.

On November 16, 2023, the Company granted 1,550,000 options to an employee, an officer and members of the board of directors. The options expire ten years following issuance and have an exercise price of $0.04. The options vest upon issuance.

On November 20, 2023, the Company entered into an agreement with a consultant to provide geological services and support to the Company on an as required basis. As compensation, the Company pays a $4,000 per month stipend, plus field work at $300 per day, granted the consultant 10,000 options at signing and monthly stock options of 4,000 per month. The options expire in three years.

On November 21, 2023, the Company engaged NISS Drilling Services to undertake diamond core drilling at Liberty Star’s Red Rock Canyon Gold Project (“RRC”) within the larger Hay Mountain Project (“HMP”) in southeast Arizona and HMP Target 1 near the RRC, for first drilling of our gold and copper properties. As of December 4, 2023, NISS drilling crew and equipment are on-site at the Hay Mountain Project, along with Liberty Star’s exploration crew supervising the program.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Much of the information included in this quarterly report includes or is based upon estimates, projections or other “forward-looking statements”. Such forward-looking statements include any projections or estimates made by us and our management in connection with our business operations. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Such estimates, projections or other “forward-looking statements” involve various risks and uncertainties as outlined below. We caution the reader that important factors in some cases have affected and, in the future, could materially affect actual results and cause actual results to differ materially from the results expressed in any such estimates, projections or other “forward-looking statements”.

Business Development

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations is intended to help the reader understand the results of operations and financial condition of our Company. Management’s Discussion and Analysis of Financial Condition and Results of Operations is provided as a supplement to, and should be read in conjunction with, our consolidated financial statements and the accompanying notes to the consolidated financial statements.

Liberty Star Uranium & Metals Corp. was formerly Liberty Star Gold Corp. and formerly Titanium Intelligence, Inc. (“Titanium”). Titanium was incorporated on August 20, 2001, under the laws of the State of Nevada. On February 5, 2004, we commenced operations in the acquisition and exploration of mineral properties business. Big Chunk Corp. (“Big Chunk”) was our wholly owned subsidiary and was incorporated on December 14, 2003, in the State of Alaska. Big Chunk is engaged in the acquisition and exploration of mineral properties business in the State of Alaska. Big Chunk was dissolved on June 3, 2019. Redwall Drilling Inc. (“Redwall”) was our wholly owned subsidiary and was incorporated on August 31, 2007, in the State of Arizona. Redwall performed drilling services on our mineral properties. Redwall ceased drilling activities in July 2008 and was dissolved on March 30, 2010. In April 2007, we changed our name to Liberty Star Uranium & Metals Corp (“Liberty Star”) to reflect our current general exploration for base and precious metals. We are in the exploration phase of operations and have not generated any revenues from operations.

In October 2014, we formed our wholly owned subsidiary, Hay Mountain Holdings LLC (“HMH”) (formerly known as Hay Mountain Super Project LLC), to serve as the primary holding company for development of the potential ore bodies encompassed in the Hay Mountain area of interest in Arizona. On April 11, 2019, we formed a new subsidiary named Earp Ridge Mines LLC, wholly owned by Hay Mountain Holdings LLC, intended for engagement with future venture partners.

On August 13, 2020, the Company formed Red Rock Mines, LLC, an Arizona corporation, as a wholly-owned subsidiary of Hay Mountain Holdings, LLC.

Our Current Business

We are engaged in the acquisition and exploration of mineral properties in the state of Arizona and the Southwest USA. Claims in the state of Arizona are held in the name of Liberty Star. We use the term “Super Project” to indicate a project in which numerous mineral targets have been identified, any one or more of which could potentially contain commercially viable quantities of minerals. Our significant projects are described below.

Tombstone Super Project (“Tombstone”): Tombstone is located in Cochise County, Arizona and covers the Tombstone caldera and its environs. Within the Tombstone caldera is the Hay Mountain target where we are concentrating our work at this time. We plan to ascertain whether the Tombstone, Hay Mountain claims possess commercially viable deposits of copper, molybdenum, gold, silver, lead, zinc, manganese and other metals including Rare Earth Elements (“REEs”). We have not identified any ore reserves to date.

On June 16, 2020, the Company acquired 2 Mineral Exploration Permits (“MEP”) covering 240 acres at Robbers Roost. Which is located 5.89 miles west of the Hay Mountain Project. While the Robbers Roost MEP area is new to the Company, it has been explored previously by several exploration companies, in the 1970’s and 1990’s, and recently has received significant interest by others operating in the area. Drilling by ASARCO indicates “the presence of a granodioritic porphyry intrusive at depth below the alteration zone. The intrusive is characterized by porphyry copper style alteration and mineralization.” (JB Nelson, “Robbers’ Roost Summary Report,” 1995, p. 2 http://docs.azgs.az.gov/SpecColl/2008-01/2008-01-0103.pdf)

From July 14th to August 5^th, 2020, field mapping was conducted in the Hay Mountain Project area, located 7 km southeast of Tombstone, in Cochise County, Arizona. The purpose of mapping was to identify alteration and veining associated with an inferred porphyry copper system at depth, determine the extent of hydrothermal alteration, and comment on the possible timing of emplaced mineralization. Mapping was conducted at 1:10,000 scale and a total of 183 carbonate vein samples were taken for XRF analysis and UV fluorescence response.

On November 11, 2020, the Company announced the identification of potentially exploitable gold mineralization on its recently acquired Arizona State Land Department Mineral Exploration Permits. Preliminary surface exploration on the Red Rock MEPs advances the Company’s knowledge of the porphyry system signature associated with magnetic highs at, and adjacent to the north of, Target 1, and represent the expansion of biogeochemical, surface rock sampling, and x-ray fluorescence (“XRF”) work continuing at Target 1 and on the anticipated gold halo likely associated with the indicated porphyry center. The Company discovered multiple outcrops of intensely silicified rock in the initial observational field work. These outcrops generally occur in linear features several feet in thickness with multiple features oriented en-echelon with interstitial host country rock of varying horizontal dimension. These outcrops contain densely distributed jasperoids, which, when sampled yield what the Company believes are potentially economically exploitable concentrations of gold. There was a total of 23 representative (1 to 2 kg) rock sample assays. These assays demonstrate gold concentrations ranging from below detection limits of 0.05 ppm in country rock surrounding certain outcrops to a high of 13.55 ppm in direct outcrop samples. Of the 23 assayed samples, nine (9) show gold concentrations of 0.95 ppm or more.

On November 25, 2020, the Company received approval from the Arizona State Land Department for 5 additional MEP’s covering 2,369.15 acres for a total of 16,662.10 acres or 26.03 sq miles at our Hay Mountain Project.

On March 15, 2021, the Company announced the release of more rock chip assay results from the Red Rock Canyon area located within the Hay Mountain Project. 28 samples were submitted to the ALS/USA Inc. Tucson location with results returned to the Company February 6^th. This set of samples are within and outside of the original study area and expand on the October 2020 geochemical sampling undertaken on MEP land within the Company’s Red Rock Canyon holdings.

On May 21, 2021, the Company announced the public release of its latest technical report. The Technical Report on the Red Rock Canyon Gold Property Cochise County, Arizona (“RRC Technical Report” “The Report”). The Report was prepared by Broadlands Mineral Advisory Services Ltd., owned and operated by Liberty Star’s independent director Bernard J. Guarnera, P.ENG., QP, CMA. Mr. Guarnera authored The Report. His findings include that the Red Rock Canyon tract contains “gold at grades that are now considered economic” (p.1). Further, the compilation of previous drilling results, by others as noted in The Report, (p.30) indicates that 12 of 17 intercepts reported gold at grades above what is considered current cut off grades, 0.022 oz per ton (0.68 gpt). These historical intercepts range from five (5) to forty-five (45) feet in vertical extent and reveal multiple mineralized zones. Grades in the larger intercepts are reported up to 0.182 ounces per ton (5.66 gpt). Additionally, Liberty Star collected fifteen (15) more rock samples on a recent field visit near and at the locations of past drilling. The new field assays to confirm similar grades in the corresponding outcrops. These assay results have been posted to the Liberty Star website.

On May 26, 2021, the Company announced the public release of geochemical assay results prepared by ALS/USA Inc. The Company noted in its news release issued May 21^st that the results were forthcoming on the heels of its latest technical report focused on the gold prospect at Red Rock Canyon. Previously released geochemical assay results from October 2020 and February 2021 can be viewed on the Liberty Star Minerals website. This set of results strongly aligns with previous assay results indicating that the Red Rock portion of the Hay Mountain Project is a potential gold property.

On August 20, 2021, the Company executed a financing agreement for the purpose of drilling for the Red Rock Canyon Gold Project, in Cochise County, Arizona. The agreement allows for a $1,000,000 common stock purchase agreement (the “Purchase Agreement”) and a $1,000,000 warrant agreement (the “Warrant Agreement,” together “the Agreements”) with Triton Funds LP (“Triton”) of San Diego, California under an S1 registration now effective. As of December 31, 2022, the purchase agreement expired.

Title to mineral claims involves certain inherent risks due to difficulties in determining the validity of certain claims, as well as potential for problems arising from the frequently ambiguous conveyancing history characteristic of many mineral properties. We have investigated title to all the Company’s mineral properties and, to the best of its knowledge, title to all properties retained are in good standing.

The mineral resource business generally consists of three stages: exploration, development and production. Mineral resource companies that are in the exploration stage have not yet found mineral resources in commercially exploitable quantities and are engaged in exploring land in an effort to discover them. Mineral resource companies that have located a mineral resource in commercially exploitable quantities and are preparing to extract that resource are in the development stage, while those engaged in the extraction of a known mineral resource are in the production stage. We have not found any mineral resources in commercially exploitable quantities.

There is no assurance that a commercially viable mineral deposit exists on any of our properties, and further exploration is required before we can evaluate whether any exist and, if so, whether it would be economically feasible to develop or exploit those resources. Even if we complete our current exploration program and we are successful in identifying a mineral deposit, we would be required to spend substantial funds on further drilling and engineering studies before we could know whether that mineral deposit will constitute a commercially viable mineral deposit, known as an “ore reserve.”

SK 1300 Regulation

Liberty Star has performed many hours of field work mapping and sampling on our Red Rock Canyon Gold Project and although we do not have drilling core to prove results, we have through analysis of Geochem sampling, evidence of an anomaly “material of economic interest”. Please see exhibit 6 with our RRC Technical report prepared by a qualified person for more details and analysis.

To date, we have not generated any revenues. Our ability to pursue our business plan and generate revenues is subject to our ability to obtain additional financing, and we cannot give any assurance that we will be able to do so.

The extent to which the coronavirus disease (“COVID-19”) impacts our businesses will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID-19 and the actions to contain COVID-19 or treat its impact, among others. If the disruptions posed by COVID-19 or other matters of global concern continue for an extensive period of time, our operations may be materially adversely affected. Currently, the Company has not experienced a significant impact on its businesses related to COVID-19. However, COVID-19 did, and continues to, impact us significantly with delays in acquiring a JV to begin our primary drilling project.

Results of Operations

Material Changes in Financial Condition for the Nine-Month Period Ended October 31, 2023

We had cash and cash equivalents in the amount of $721,737 as of October 31, 2023, compared to $32,616 as of January 31, 2023. We had working capital of $339,755 as of October 31, 2023, compared to a working capital deficit of $570,556 as of January 31, 2023. We used $424,303 of net cash in operating activities during the nine months ended October 31, 2023, which was utilized primarily for working capital.

We also utilized our cash funds to continue exploration activities at our Hay Mountain mineral lands by working on geochemical interpretation of the soil, rock chip and vegetation sampling and ZTEM (aeromagnetics and aero electromagnetics). We have been raising capital primarily by issuing convertible promissory notes, related party notes and the sale of common stock. We intend to continue to raise capital from such sources. In addition to seeking sources of funding through the sale of equity, we may seek to enter into joint venture agreements, or other types of agreements with other companies to finance our projects for the long term. Should our properties prove to be commercially viable, we may be in a position to seek debt financing to help build infrastructure, and eventually we may obtain revenues from commercial mining of our properties.

Material Changes in Results of Operations for the Three-Month Periods Ended October 31, 2023 and 2022

We had a net loss of $252,609 for the three months ended October 31, 2023, compared to a net loss of $129,885 for the three months ended October 31, 2022. The change in net loss was primarily due to a change in derivative liability.

During the three months ended October 31, 2023, we had an increase of $80,445 in geological and geophysical expense compared to the three months ended October 31, 2022, due primarily to an increase in geologist fees and filing fees for the three month period. During the three months ended October 31, 2023, we had an increase of $12,568 in salaries and benefit expense compared to the three months ended October 31, 2022, due to an increase in wages, benefits and reimbursements. During the three months ended October 31, 2023, we had a decrease of $7,216 in professional services compared to the three months ended October 31, 2022, due primarily to a decrease in the contractor fees. We had a decrease in general and administrative expenses of $86,217 during the three months ended October 31, 2023, as compared to the three months ended October 31, 2022 which was primarily due to a decrease in stock-based compensation. We had an increase in interest expense of $14,947 during the three months ended October 31, 2023 as compared to the three months ended October 31, 2022, due primarily to conversion of convertible notes payable. We had a gain of $86,112 and $190,152 on change in fair value of derivative liability for the three months ended October 31, 2023 and 2022, respectively.

Material Changes in Results of Operations for the Nine-Month Periods Ended October 31, 2023 and 2022

We had a net loss of $574,567 for the nine months ended October 31, 2023, compared to a net income of $626,913 for the nine months ended October 31, 2022. The change in net loss was primarily due to a gain on settlement of debt of $998,284 related to the settlement with James Briscoe recorded in the prior year.

During the nine months ended October 31, 2023, we had an increase of $56,627 in geological and geophysical expenses compared to the nine months ended October 31, 2022, due primarily to an increase in geologist fees and filing fees for the nine month period. During the nine months ended October 31, 2023, we had an increase of $24,500 in salaries and benefit expenses compared to the nine months ended October 31, 2022, due to an increase in wages, benefits and reimbursements. During the nine months ended October 31, 2023, we had a decrease of $17,654 in professional services compared to the nine months ended October 31, 2022, due primarily to a decrease in the contractor fees. We had a decrease in general and administrative expenses of $230,804 during the nine months ended October 31, 2023, as compared to the nine months ended October 31, 2022 which was due to a decrease in stock-based compensation. We had an increase in interest expense of $4,460 during the nine months ended October 31, 2023 as compared to the nine months ended October 31, 2022, due primarily to the conversion of convertible notes payable. We had a gain of $160,551 and $490,849 on change in fair value of derivative liability for the nine months ended October 31, 2023 and 2022, respectively.

Liquidity and Capital Resources

We had cash and cash equivalents in the amount of $721,737 as of October 31, 2023. We had a working capital of $339,755 as of October 31, 2023. We used cash in operating activities of $424,303 for the nine months ended October 31, 2023.

Convertible promissory notes

We have issued the following convertible promissory notes in private placements of our securities to institutional investors pursuant to exemptions from registration set out in Rule 506 of Regulation D under the Securities Act of 1933.

On March 24, 2023, the Company entered into a convertible promissory note with 1800 Diagonal Lending in the aggregate principal amount of $48,675 (the “March 2023 Note”). The note bears interest at 8%, with an Original Issue Discount of $4,425 plus an additional $4,250 to pay for transaction fees of the lender, matures on March 24, 2024, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market prices of the Company’s common stock during the 10 trading days prior to conversion.

Critical Accounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates, assumptions and judgments that affect the amounts reported in the consolidated financial statements, including the notes thereto. We consider critical accounting policies to be those that require more significant judgments and estimates in the preparation of our consolidated financial statements, including the following: long lived assets; intangible assets valuations; and income tax valuations. Management relies on historical experience and other assumptions believed to be reasonable in making its judgment and estimates. Actual results could differ materially from those estimates.

Management believes its application of accounting policies, and the estimates inherently required therein, are reasonable. These accounting policies and estimates are periodically reevaluated, and adjustments are made when facts and circumstances dictate a change.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Not applicable.

Item 4. Controls and Procedures.

As required by Rule 13a-15 under the Exchange Act, our management has evaluated the effectiveness of the design and operation of our disclosure controls and procedures at October 31, 2023, which is the end of the fiscal quarter covered by this report. This evaluation was carried out by Ms. Patricia Madaris, our principal executive officer and principal financial officer. Based on this evaluation, Ms. Patricia Madaris has concluded that our disclosure controls and procedures were not effective as at the end of the period covered by this report. Given the size of our current operation and existing personnel, the opportunity to implement internal control procedures that segregate accounting duties and responsibilities is limited. Until the organization can increase in size to warrant an increase in personnel, formal internal control procedures will not be implemented until they can be effectively executed and monitored. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed by our company in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure.

Management believes that despite our material weaknesses set forth above, our consolidated financial statements for the quarter ended October 31, 2023, are fairly stated, in all material respects, in accordance with U.S. GAAP.

Changes in Internal Control over Financial Reporting

During the quarter ended October 31, 2023, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 1A. Risk Factors

Not applicable

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On September 5, 2023, the Company issued a total of 505,441 shares of our common stock for conversions of $18,675 in principal and $1,947 in interest for the February 2023 Note at the exercise price $0.0408.

On September 28, 2023, the Company issued a total of 405,351 shares of our common stock for conversions of $15,000 in principal for the March 2023 Note at the exercise price of $0.0370.

On October 16, 2023, the Company issued a total of 495,050 shares of our common stock for conversions of $15,000 in principal for the March 2023 Note at the exercise price of $0.0303.

On October 24, 2023, the Company issued a total of 693,293 shares of our common stock for conversions of $18,675 in principal and $1,945 in interest for the March 2023 Note at the exercise price $0.0297.

In issuing the securities set forth above, we relied on the registration exemption provided for in Rule 506 of Regulation D and/or Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Under Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and under Item 104 of Regulation S-K, each operator of a coal or other mine is required to include disclosures regarding certain mine safety results in its periodic reports filed with the SEC. The operation of our mine(s) that may be developed in the future would be subject to regulation by the federal Mine Safety and Health Administration (“MSHA”) under the Federal Mine Safety and Health Act of 1977. We do not own any mines in the United States and as a result, this information is not required.

Item 5. Other Information.

None.

Item 6. Exhibits

Exhibit Number		Description of Exhibit
3.1		Articles of Incorporation (incorporated by reference to Exhibit 3.1 to our registration statement on Form SB-2, filed with the SEC on May 14, 2002).
3.2		Bylaws (incorporated by reference to Exhibit 3.2 to our quarterly report on Form 10-QSB, filed with the SEC on December 14, 2007).
3.3		Certificate of Change to Authorized Capital (incorporated by reference to Exhibit 3.1 to our current report on Form 8-K, filed with the SEC on September 2, 2009).
3.4		Articles of Merger (incorporated by reference to Exhibit 3.4 to our annual report on Form 10-KSB, filed with the SEC on March 31, 2004).
3.5		Amendments to Articles of Incorporation and Bylaws (incorporated by reference to Exhibit 3.8 and 3.9 to our current report on Form 8-K/A, filed with the SEC on August 10, 2020).
3.6		Certificate of Change pursuant to NRS 78.209 dated February 25.2021 (incorporated by reference to exhibit 10.2 and filed with the SEC on February 25, 2021).
3.7		Certificate of Amendment to increase authorized shares dated October 6, 2021 (incorporated by reference to Exhibit 3.24 and filed with the SEC on October 6, 2021).
3.8		Certificate of Amendment to increase authorized Common & Class A Common shares dated October 28, 2022 (incorporated by reference to Exhibit 3.25 and filed with the SEC on October 28, 2022).
3.9		Certificate of Amendment to increase Class A Common shares dated February 6, 2023 (incorporated by reference to Exhibit 3.41 and filed with the SEC on February 6, 2023).
10.1		Convertible Promissory Note issued to Power Up Lending Group Ltd. dated October 20, 2020 (incorporated by reference to Exhibit 3.11 to our current report on Form 8-K, filed with the SEC on October 27, 2020).
10.2		Convertible Promissory Note issued to Redstart Holdings Corp. dated April 23, 2021 (incorporated by reference to Exhibit 3.14 to our current report on Form 8-K, filed with the SEC on April 27, 2021).
10.3		Convertible Promissory Note issued to Redstart Holdings Corp. dated May 11, 2021 (incorporated by reference to Exhibit 3.16 to our current report on Form 8-K, filed with the SEC on May 17, 2021).
10.4		Convertible Promissory Note issued to Geneva Roth Remark Holdings Inc. dated October 8, 2021 (incorporated by reference to Exhibit 3.25 to our current report on Form 8-K, filed with the SEC on October 14, 2021).
10.5		Convertible Promissory Note issued to Sixth Street Lending, LLC, dated November 15, 2021 (incorporated by reference to Exhibit 3.27 to our current report on Form 8-K, filed with the SEC on November 23, 2021).
10.6		Convertible Promissory Note issued to Sixth Street Lending, LLC, dated December 21, 2021 (incorporated by reference to Exhibit 3.29 to our current report on Form 8-K, filed with the SEC on December 29, 2021).
10.7		Convertible Promissory Note issued to Sixth Street Lending LLC dated February 7, 2022 (incorporated by reference to Exhibit 3.31 to our current report on form 8-K, filed with the SEC on February 14, 2022).
10.8		Convertible Promissory Note issued to Sixth Street Lending LLC dated April 25, 2022 (incorporated by reference to Exhibit 3.33 to our current report on form 8-K, filed with the SEC on April 2, 2022).
10.9		Convertible Promissory Note issued to 1800 Diagonal Lending LLC dated July 14, 2022 (incorporated by reference to Exhibit 3.33 to our current report on form 8-K, filed with the SEC on July 22, 2022).
10.10		Convertible Promissory Note issued to 1800 Diagonal Lending LLC dated September 28, 2022 (incorporated by reference to Exhibit 3.35 to our current report on form 8-K, filed with the SEC on October 6, 2022).
10.11		Convertible Promissory Note issued to 1800 Diagonal Lending LLC dated November 23, 2022 (incorporated by reference to Exhibit 3.37 to our current report on form 8-K, filed with the SEC on December 9, 2022).
10.12		Convertible Promissory Note issued to 1800 Diagonal Lending LLC dated February 2, 2023 (incorporated by reference to Exhibit 3.39 to our current report on form 8-K, filed with the SEC on February 7, 2023).
10.13		Convertible Promissory Note issued to 1800 Diagonal Lending LLC dated March 24, 2023, (incorporated by reference to Exhibit 3.42 to our current report on form 8-K, filed with the SEC on March 29, 2023).
14.1		Code of Ethics (incorporated by reference to Exhibit 14.1, filed with the SEC on March 13, 2004).
21.1		Subsidiaries.
31.1*		Section 302 Certification under Sarbanes-Oxley Act of 2002 of Chief Executive Officer
31.2*		Section 302 Certification under Sarbanes-Oxley Act of 2002 of Chief Financial Officer
32.1*		Section 906 Certification under Sarbanes-Oxley Act of 2002 of Chief Executive Officer and Chief Financial Officer
96.1		Technical Report Summary – Red Rock Canyon Gold Project
101.INS*		Inline XBRL INSTANCE DOCUMENT
101.SCH*		Inline XBRL TAXONOMY EXTENSION SCHEMA
101.CAL*		Inline XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
101.DEF*		Inline XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
101.LAB*		Inline XBRL TAXONOMY EXTENSION LABEL LINKBASE
101.PRE*		Inline XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
104*		Cover Page Interactive Data File

* Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

LIBERTY STAR URANIUM & METALS CORP.

By:	/s/ Patricia Madaris
	Patricia Madaris,
	Interim Chief Executive Officer
	(Principal Executive Officer)

By:	/s/ Patricia Madaris
	Patricia Madaris,
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

Date: December 15, 2023

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Patricia Madaris, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Liberty Star Uranium & Metals Corp.

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	(a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	(a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: December 15, 2023

By:	/s/ Patricia Madaris
	Patricia Madaris,
	Interim Chief Executive Officer
	(Principal Executive Officer)

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Patricia Madaris, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Liberty Star Uranium & Metals Corp.

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	(a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	(a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: December 15, 2023

By:	/s/ Patricia Madaris
	Patricia Madaris,
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

Exhibit 32.1

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, Patricia Madaris, hereby certifies, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the quarterly report on Form 10-Q of Liberty Star Uranium & Metals Corp. for the period ended October 31, 2023 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Liberty Star Uranium & Metals Corp.

Dated: December 15, 2023

By:	/s/ Patricia Madaris
	Patricia Madaris,
	Interim Chief Executive Officer
	(Principal Executive Officer)

By:	/s/ Patricia Madaris
	Patricia Madaris,
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting Officer)

Cover - shares	9 Months Ended
Cover - shares	Oct. 31, 2023	Dec. 15, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--01-31
Entity File Number	000-50071
Entity Registrant Name	LIBERTY STAR URANIUM & METALS CORP.
Entity Central Index Key	0001172178
Entity Tax Identification Number	90-0175540
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2 East Congress Street Ste. 900
Entity Address, City or Town	Tucson
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85701
City Area Code	520
Local Phone Number	425-1433
Title of 12(b) Security	Common
Trading Symbol	LBSR
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		49,813,861

Consolidated Balance Sheets (Unaudited) - USD ($)	Oct. 31, 2023	Jan. 31, 2023
Current assets:
Cash and cash equivalents	$ 721,737	$ 32,616
Prepaid expenses and other current assets	22,846	6,540
Total current assets	744,583	39,156
Noncurrent assets:
Property and equipment, net	19,262	21,888
Total noncurrent assets	19,262	21,888
Total assets	763,845	61,044
Current:
Accounts payable and accrued liabilities	209,113	218,954
Convertible promissory note, net of unamortized debt discount of $0 and $33,760		92,624
Current portion of long-term debt - SBA	2,041	1,782
Derivative liability		172,393
Total current liabilities	404,828	609,712
Long-term:
Long-term debt - SBA, net of current portion	30,359	30,618
Total long-term liabilities	30,359	30,618
Total liabilities	435,187	640,330
Commitments and Contingencies (Note 10)
Stockholders’ equity (deficit):
Class A common stock - $.00001 par value; 500,000 authorized; 250,000 and 102,000 shares issued and outstanding	3	1
Common stock - $.00001 par value; 74,500,000 authorized; 49,813,861 and 18,671,159 shares issued and outstanding, respectively	498	186
Additional paid-in capital	58,423,801	56,941,222
Subscription receivable	(117,850)	(117,468)
Accumulated deficit	(57,977,794)	(57,403,227)
Total stockholders’ equity (deficit)	328,658	(579,286)
Total liabilities and stockholders’ equity (deficit)	763,845	61,044
Related Party [Member]
Current:
Accrued expenses to related party	81,688	66,205
Advances from related party	9,520	5,000
Notes payable to related party	76,828	50,000
Nonrelated Party [Member]
Current:
Advances from related party	17,092
Notes payable to related party	$ 8,546	$ 2,754

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Oct. 31, 2023	Jan. 31, 2023
Convertible promissory debt discount	$ 0	$ 33,760
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	74,500,000	74,500,000
Common stock, shares issued	49,813,861	18,671,159
Common stock, shares outstanding	49,813,861	18,671,159
Common Class A [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	500,000	500,000
Common stock, shares issued	250,000	102,000
Common stock, shares outstanding	250,000	102,000

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Revenues
Expenses:
Geological and geophysical costs	112,104	31,659	125,792	69,165
Salaries and benefits	55,737	43,169	152,419	127,919
Professional services	33,904	41,120	121,437	139,091
General and administrative	49,422	135,639	127,851	358,655
Net operating expenses	251,167	251,587	527,499	694,830
Loss from operations	(251,167)	(251,587)	(527,499)	(694,830)
Other income (expense):
Interest expense	(88,680)	(73,733)	(209,984)	(205,524)
Other income	1,126	283	2,365	283
Gain on forgiveness of SBA loan				32,851
Gain on disposal of fixed asset		5,000		5,000
Gain on settlement of debt				998,284
Gain on change in fair value of derivative liability	86,112	190,152	160,551	490,849
Total other income (expense), net	(1,442)	121,702	(47,068)	1,321,743
Net income (loss)	$ (252,609)	$ (129,885)	$ (574,567)	$ 626,913
Net income (loss) per share of common stock - basic	$ (0.01)	$ (0.01)	$ (0.02)	$ 0.04
Net income (loss) per share of common stock - diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ 0.04
Weighted average shares outstanding - basic	32,289,211	16,505,728	24,676,301	14,748,380
Weighted average shares outstanding - diluted	32,289,211	16,505,728	24,676,301	15,236,192

Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member] Common Class A [Member]	Common Stock [Member]	Subscription Receivable [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Jan. 31, 2022	$ 1	$ 135		$ 56,503,616	$ (57,968,822)	$ (1,465,070)
Balance, shares at Jan. 31, 2022	102,000	13,458,752
Shares issued for conversion of notes		$ 1		44,999		45,000
Shares issued for conversion of notes, shares		144,304
Resolution of derivative liabilities due to debt conversions				22,712		22,712
Net income (loss)					811,838	811,838
Options issued related to settlement agreement				44,706		44,706
Reclass of APIC to derivative liabilities for tainted warrants				(731,226)		(731,226)
Balance at Apr. 30, 2022	$ 1	$ 136		55,884,807	(57,156,984)	(1,272,040)
Balance, shares at Apr. 30, 2022	102,000	13,603,056
Balance at Jan. 31, 2022	$ 1	$ 135		56,503,616	(57,968,822)	(1,465,070)
Balance, shares at Jan. 31, 2022	102,000	13,458,752
Net income (loss)						626,913
Balance at Oct. 31, 2022	$ 1	$ 173	(101,100)	56,798,397	(57,341,909)	(644,438)
Balance, shares at Oct. 31, 2022	102,000	17,371,752
Balance at Apr. 30, 2022	$ 1	$ 136		55,884,807	(57,156,984)	(1,272,040)
Balance, shares at Apr. 30, 2022	102,000	13,603,056
Shares issued for conversion of notes		$ 5		141,015		141,020
Shares issued for conversion of notes, shares		539,895
Stock based compensation		$ 5		163,172		163,177
Stock based compensation, shares		500,000
Resolution of derivative liabilities due to debt conversions				55,762		55,762
Net income (loss)					(55,040)	(55,040)
Issuance of common stock and warrants in private placement and warrant exercises				5,000		5,000
Issuance of common stock and warrants in private placement and warrant exercises, shares		13,298
Reclass of APIC to derivative liabilities for tainted warrants				(1,855)		(1,855)
Issuance of common shares for subscription receivable		$ 11		187,019		187,030
Issuance of common shares for subscription receivable, shares		1,109,804
Balance at Jul. 31, 2022	$ 1	$ 157		56,434,920	(57,212,024)	(776,946)
Balance, shares at Jul. 31, 2022	102,000	15,766,053
Cashless exercise of options		$ 7	(101,100)	101,093
Cashless exercise of options, shares		674,000
Shares issued for conversion of notes		$ 9		114,511		114,520
Shares issued for conversion of notes, shares		904,961
Stock based compensation				104,226		104,226
Resolution of derivative liabilities due to debt conversions				39,858		39,858
Net income (loss)					(129,885)	(129,885)
Issuance of common stock and warrants in private placement and warrant exercises				5,000		5,000
Issuance of common stock and warrants in private placement and warrant exercises, shares		26,738
Reclass of APIC to derivative liabilities for tainted warrants				(1,211)		(1,211)
Balance at Oct. 31, 2022	$ 1	$ 173	(101,100)	56,798,397	(57,341,909)	(644,438)
Balance, shares at Oct. 31, 2022	102,000	17,371,752
Balance at Jan. 31, 2023	$ 1	$ 186	(117,468)	56,941,222	(57,403,227)	(579,286)
Balance, shares at Jan. 31, 2023	102,000	18,671,159
Receipt of subscription receivable			16,368			16,368
Cashless exercise of options		$ 3	(16,750)	16,747
Cashless exercise of options, shares		250,000
Shares issued for conversion of notes		$ 13		70,930		70,943
Shares issued for conversion of notes, shares		1,251,270
Stock based compensation				19,265		19,265
Stock based compensation, shares
Resolution of derivative liabilities due to debt conversions				43,931		43,931
Net income (loss)					(118,579)	(118,579)
Balance at Apr. 30, 2023	$ 1	$ 202	(117,850)	57,092,095	(57,521,806)	(547,358)
Balance, shares at Apr. 30, 2023	102,000	20,172,429
Balance at Jan. 31, 2023	$ 1	$ 186	(117,468)	56,941,222	(57,403,227)	(579,286)
Balance, shares at Jan. 31, 2023	102,000	18,671,159
Shares issued for conversion of notes, shares		5,666,917
Net income (loss)						(574,567)
Balance at Oct. 31, 2023	$ 3	$ 498	(117,850)	58,423,801	(57,977,794)	328,658
Balance, shares at Oct. 31, 2023	250,000	49,813,861
Balance at Apr. 30, 2023	$ 1	$ 202	(117,850)	57,092,095	(57,521,806)	(547,358)
Balance, shares at Apr. 30, 2023	102,000	20,172,429
Shares issued for conversion of notes		$ 17		61,078		61,095
Shares issued for conversion of notes, shares		1,690,073
Stock based compensation		$ 10		24,354		24,364
Stock based compensation, shares		978,300
Resolution of derivative liabilities due to debt conversions				125,520		125,520
Net income (loss)					(203,379)	(203,379)
Issuance of common stock and warrants in private placement and warrant exercises		$ 35		159,965		160,000
Issuance of common stock and warrants in private placement and warrant exercises, shares		3,542,778
Balance at Jul. 31, 2023	$ 1	$ 264	(117,850)	57,463,012	(57,725,185)	(379,758)
Balance, shares at Jul. 31, 2023	102,000	26,383,580
Shares issued for conversion of notes		$ 27		101,215		101,242
Shares issued for conversion of notes, shares		2,725,574
Stock based compensation				19,614		19,614
Resolution of derivative liabilities due to debt conversions				(11,241)		(11,241)
Net income (loss)					(252,609)	(252,609)
Issuance of common stock and warrants in private placement and warrant exercises	$ 4	$ 205		851,201		851,410
Issuance of common stock and warrants in private placement and warrant exercises, shares	398,000	20,454,707
Shares exchanged	$ (2)	$ 2
Shares exchanged, shares	(250,000)	250,000
Balance at Oct. 31, 2023	$ 3	$ 498	$ (117,850)	$ 58,423,801	$ (57,977,794)	$ 328,658
Balance, shares at Oct. 31, 2023	250,000	49,813,861

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ (574,567)	$ 626,913
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	4,534	4,375
Stock based compensation	63,243	267,403
Amortization of debt discounts	197,477	192,931
Gain loss on change in fair value of derivative liabilities	(160,551)	(490,849)
Gain on forgiveness of SBA loan		(32,851)
Gain on settlement of debt		(998,284)
Gain on disposal of fixed asset		(5,000)
Changes in assets and liabilities:
Prepaid expenses	8,544	23,620
Accounts payable and accrued expenses	37,017	(18,505)
Cash flows used in operating activities:	(424,303)	(430,247)
Cash flows from investing activities:
Proceeds from sale of equipment		5,000
Cash flows provided by investing activities:		5,000
Cash flows from financing activities:
Repayments of advances, related party		(18,996)
Proceeds from advances, related party	1,363	19,550
Proceeds from notes payable, related party	35,000
Payments on notes payable	(19,058)	(16,346)
Proceeds from convertible promissory notes	80,000	197,000
Proceeds from the issuance of common stock and warrants in private placement	999,751	192,030
Receipt of subscription receivable	16,368
Net cash provided by financing activities	1,113,424	373,238
Increase (decrease) in cash and cash equivalents	689,121	(52,009)
Cash and cash equivalents, beginning of period	32,616	102,741
Cash and cash equivalents, end of period	721,737	50,732
Supplemental disclosure of cash flow information:
Income tax paid
Interest paid	1,999	942
Supplemental disclosure of non-cash items:
Resolution of derivative liabilities due to debt conversions and untainted warrants	156,309	118,332
Reclass of APIC to derivative liabilities for tainted warrants	1,901	734,292
Debt discounts due to derivative liabilities	146,368	168,080
Common stock issued for conversion of debt and interest	233,280	300,540
Expenses paid by related party on behalf of the Company	4,736	4,446
Prepaid insurance financed with note payable	24,850	24,750
Shares issued for settlement of liability		5,000
Cashless exercise of warrants	16,750	101,100
Non-cash equipment addition	1,908
Non-cash payment on note payable, related party	9,751
Expenses paid on behalf of the Company	$ 17,092

Basis of Presentation

9 Months Ended

Oct. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation

NOTE 1 – Basis of Presentation

Going Concern

9 Months Ended

Oct. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 2 – Going Concern

Summary of Significant Accounting Policies

9 Months Ended

Oct. 31, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 3 – Summary of Significant Accounting Policies

Fair Value

Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

			Fair value measurements at reporting date using:
Description	Fair Value		Quoted prices in active markets for identical liabilities (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Warrant and convertible note derivative liabilities at October 31, 2023	$	-		-		-	$	-
Warrant and convertible note derivative liabilities at January 31, 2023	$	172,393		-		-	$	172,393

Net income (loss) per share

Reclassification

Related Party Transactions

9 Months Ended

Oct. 31, 2023

Related Party Transactions

NOTE 4 – Related Party Transactions

Advances

Accrued Expenses

Note payable

Class A Shares

On September 19, 2023, the Company entered into an agreement to issue a total of 199,000 shares of its Class A shares to Chairman of the Board for cash proceeds of $9,751.

Other

Stock Options

9 Months Ended

Oct. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock Options

NOTE 5 – Stock Options

Qualified and non-qualified incentive stock options outstanding at October 31, 2023 are as follows:

Schedule of Stock Option Activity

	Number of options			Weighted average exercise price per share
Outstanding, January 31, 2023		313,760		$	6.53
Granted		595,000			0.06
Expired		-			-
Exercised		(250,000	)		0.07
Outstanding, October 31, 2023		658,760		$	3.14

Exercisable, October 31, 2023		487,510		$	4.22

These options had a weighted average remaining life of 10.13 years and have no aggregate intrinsic value as of October 31, 2023.

Warrants

9 Months Ended

Oct. 31, 2023

Warrants

Warrants

NOTE 6 – Warrants

Stock warrants outstanding at October 31, 2023 are as follows:

Schedule of Stock Warrants Outstanding

	Number of warrants		Weighted average exercise price per share
Outstanding, January 31, 2023		2,256,070	$	1.08
Issued		11,998,743		0.04
Expired		-		-
Exercised		-		-
Outstanding, October 31, 2023		14,254,813	$	0.21

Exercisable, October 31, 2023		13,747,281	$	0.14

Derivative Liabilities

9 Months Ended

Oct. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Liabilities

NOTE 7 – Derivative Liabilities

Key inputs and assumptions used to value the convertible note when it became convertible and upon settlement, and warrants upon tainting, were as follows:

	●	The stock projections are based on the historical volatilities for each date. These volatilities were in the 198% to 239% range. The stock price projection was modeled such that it follows a geometric Brownian motion with constant drift and a constant volatility, starting with the market stock price at each valuation date;

	●	An event of default would not occur during the remaining term of the note;

	●	Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 6% per month.

	●	The effective discount was determined based on the historical trading history of the Company based on the specific pricing mechanism in each note;

	●	The Company would not have funds available to redeem the notes during the remaining term of the convertible notes;

	●	Discount rates were based on risk free rates in effect based on the remaining term and date of each valuation and instrument.

	●	The Holder would exercise the warrant at maturity if the stock price was above the exercise price;

	●	The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month.

The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liabilities:

	Nine months ended October 31,
	2023			2022
Beginning balance	$	172,393		$	-
Total (gain) loss		(160,551	)		(490,849	)
Settlements		(156,309	)		(118,332	)
Additions recognized as debt discount		146,368			168,080
Changes due to tainted (untainted) warrants		(1,901	)		734,292
Ending balance	$	-		$	293,191

Change in fair value of derivative liabilities included in earnings relating to derivatives	$	(160,551	)	$	(490,849	)

Long-term debt and convertible promissory notes

9 Months Ended

Oct. 31, 2023

Debt Disclosure [Abstract]

Long-term debt and convertible promissory notes

NOTE 8 – Long-term debt and convertible promissory notes

Following is a summary of convertible promissory notes:

Summary of Convertible Promissory Notes

	October 31, 2023		January 31, 2023

8% convertible note payable issued July 2022, due July 2023	$	–	$	30,138
8% convertible note payable issued September 2022, due September 2023		–		45,138
8% convertible note payable issued November 2022, due November 2023		–		51,108
8% convertible note payable issued February 2023, due February 2024		–		-
8% convertible note payable issued March 2023, due March 2024		–		–
Convertible note payable		–		126,384
Less debt discount		–		(33,760	)
Less current portion of convertible notes		–		(92,624	)
Long-term convertible notes payable	$	-	$	-

Notes Payable

Stockholders’ equity (deficit)

9 Months Ended

Oct. 31, 2023

Equity [Abstract]

Stockholders’ equity (deficit)

NOTE 9 – Stockholders’ equity (deficit)

Common Stock

Commitments and contingencies

9 Months Ended

Oct. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and contingencies

NOTE 10 – Commitments and contingencies

We currently rent storage space for $105 per month in Tombstone, Arizona on a month-to-month basis.

Subsequent Events

9 Months Ended

Oct. 31, 2023

Subsequent Events [Abstract]

Subsequent Events

NOTE 11 – Subsequent Events

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Oct. 31, 2023

Accounting Policies [Abstract]

Fair Value

Fair Value

Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

			Fair value measurements at reporting date using:
Description	Fair Value		Quoted prices in active markets for identical liabilities (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Warrant and convertible note derivative liabilities at October 31, 2023	$	-		-		-	$	-
Warrant and convertible note derivative liabilities at January 31, 2023	$	172,393		-		-	$	172,393

Net income (loss) per share

Net income (loss) per share

Reclassification

Reclassification

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Oct. 31, 2023

Accounting Policies [Abstract]

Schedule of Fair Value of Financial Instruments

			Fair value measurements at reporting date using:
Description	Fair Value		Quoted prices in active markets for identical liabilities (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Warrant and convertible note derivative liabilities at October 31, 2023	$	-		-		-	$	-
Warrant and convertible note derivative liabilities at January 31, 2023	$	172,393		-		-	$	172,393

Stock Options (Tables)

9 Months Ended

Oct. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

Qualified and non-qualified incentive stock options outstanding at October 31, 2023 are as follows:

Schedule of Stock Option Activity

	Number of options			Weighted average exercise price per share
Outstanding, January 31, 2023		313,760		$	6.53
Granted		595,000			0.06
Expired		-			-
Exercised		(250,000	)		0.07
Outstanding, October 31, 2023		658,760		$	3.14

Exercisable, October 31, 2023		487,510		$	4.22

Warrants (Tables)

9 Months Ended

Oct. 31, 2023

Warrants

Schedule of Stock Warrants Outstanding

Stock warrants outstanding at October 31, 2023 are as follows:

Schedule of Stock Warrants Outstanding

	Number of warrants		Weighted average exercise price per share
Outstanding, January 31, 2023		2,256,070	$	1.08
Issued		11,998,743		0.04
Expired		-		-
Exercised		-		-
Outstanding, October 31, 2023		14,254,813	$	0.21

Exercisable, October 31, 2023		13,747,281	$	0.14

Derivative Liabilities (Tables)

9 Months Ended

Oct. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Changes in Fair Value of Derivative Liabilities

The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liabilities:

	Nine months ended October 31,
	2023			2022
Beginning balance	$	172,393		$	-
Total (gain) loss		(160,551	)		(490,849	)
Settlements		(156,309	)		(118,332	)
Additions recognized as debt discount		146,368			168,080
Changes due to tainted (untainted) warrants		(1,901	)		734,292
Ending balance	$	-		$	293,191

Change in fair value of derivative liabilities included in earnings relating to derivatives	$	(160,551	)	$	(490,849	)

Long-term debt and convertible promissory notes (Tables)

9 Months Ended

Oct. 31, 2023

Debt Disclosure [Abstract]

Summary of Convertible Promissory Notes

Following is a summary of convertible promissory notes:

Summary of Convertible Promissory Notes

	October 31, 2023		January 31, 2023

8% convertible note payable issued July 2022, due July 2023	$	–	$	30,138
8% convertible note payable issued September 2022, due September 2023		–		45,138
8% convertible note payable issued November 2022, due November 2023		–		51,108
8% convertible note payable issued February 2023, due February 2024		–		-
8% convertible note payable issued March 2023, due March 2024		–		–
Convertible note payable		–		126,384
Less debt discount		–		(33,760	)
Less current portion of convertible notes		–		(92,624	)
Long-term convertible notes payable	$	-	$	-

Schedule of Fair Value of Financial Instruments (Details) - USD ($)	Oct. 31, 2023	Jan. 31, 2023
Platform Operator, Crypto-Asset [Line Items]
Warrant and convertible note derivative liability		$ 172,393
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Warrant and convertible note derivative liability
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Warrant and convertible note derivative liability
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto-Asset [Line Items]
Warrant and convertible note derivative liability		$ 172,393

Summary of Significant Accounting Policies (Details Narrative) - shares	9 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	658,760	178,760
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	14,254,813	2,184,185
Convertible Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares attributable to conversion of debt securities	0	487,812

Related Party Transactions (Details Narrative) - USD ($)								9 Months Ended
	Sep. 29, 2023	Sep. 19, 2023	Aug. 14, 2023	Jul. 17, 2023	Jun. 22, 2023	Mar. 13, 2023	Jan. 31, 2023	Oct. 31, 2023	Oct. 31, 2022
Related Party Transaction [Line Items]
Proceeds from advances, related party								$ 1,363	$ 19,550
Accrued unpad wages and vacation							$ 66,205	81,688
Non cash payment							$ 50,000	9,751
Increase in promissory note								$ 86,579
Interest rate								10.00%
Maturity date								Jan. 31, 2024
Cash proceeds								$ 35,000
Expenses paid by related party								$ 1,579
Issuance of shares				476,338
Owned shares							18,671,159	49,813,861
Cash proceeds from issuance of shares				$ 20,000				$ 999,751	$ 192,030
Options granted								595,000
Exercise price								$ 0.06
Number of options exercised								250,000
Fair value stock price			$ 0.0658	$ 0.0637	$ 0.0590
Exercise price			$ 0.0597	$ 0.0588	$ 0.0590
Term			10 years	3 years	10 years			3 years
Volatility			172.00%	165.00%	173.00%
Discount rate			4.19%	4.34%	3.90%
Dividend yield			0.00%	0.00%	0.00%			0.00%
Fair value adjustment of warrants				$ 8,632				$ 319,226
Share issued price per share				$ 0.0637
Warrants expiration term				3 years				3 years
Volatility, minimum								164.00%
Volatility, maximum								166.00%
Discount rate, minimum								4.23%
Discount rate, maximum								4.82%
Minimum [Member]
Related Party Transaction [Line Items]
Fair value stock price								$ 0.04
Exercise price								0.0419
Share issued price per share								0.0419
Maximum [Member]
Related Party Transaction [Line Items]
Fair value stock price								0.0637
Exercise price								0.0753
Share issued price per share								$ 0.0753
Common Stock [Member]
Related Party Transaction [Line Items]
Sale of stock number of shares				1
Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Issuance of shares								23,521,147
Cash proceeds from issuance of shares								$ 970,000
Payments to acquire equipment								$ 1,908
Board of Directors Chairman [Member] \| Common Stock [Member]
Related Party Transaction [Line Items]
Sale of stock number of shares								1
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Options granted						250,000
Options expiration period						10 years
Exercise price						$ 0.067
Total fair value of options vested upon issuance						$ 16,750
Number of options exercised						250,000
Chief Executive Officer [Member] \| Note Agreement [Member]
Related Party Transaction [Line Items]
Maturity date						Mar. 15, 2028
Note value as per agreement						$ 16,750
Interest rate						3.15%
Board of Directors [Member]
Related Party Transaction [Line Items]
Options granted			75,000		150,000
Options expiration period			10 years			10 years
Exercise price			$ 0.0594		$ 0.059
Total fair value of options vested upon issuance			$ 4,935		$ 8,850
Issuance of vested option					50.00%
Remaining vested option percentage					50.00%
Common Class A [Member]
Related Party Transaction [Line Items]
Owned shares							102,000	250,000
Common Class A [Member] \| Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Issuance of shares		199,000
Cash proceeds from issuance of shares		$ 9,751
Related Party [Member]
Related Party Transaction [Line Items]
Related party expenses								$ 3,157
Advances from related party							$ 5,000	9,520
Notes payable to related party							50,000	76,828
Subscription receivable							$ 117,468	$ 117,850
Mr Gross [Member] \| Common Class A [Member]
Related Party Transaction [Line Items]
Issuance of shares	250,000	199,000
Aggregate consideration		$ 9,781
Owned shares	250,000

Schedule of Stock Option Activity (Details)	9 Months Ended
Schedule of Stock Option Activity (Details)	Oct. 31, 2023 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of options, outstanding \| shares	313,760
Weighted average exercise price per share, outstanding \| $ / shares	$ 6.53
Number of options, granted \| shares	595,000
Weighted average exercise price per share, granted \| $ / shares	$ 0.06
Number of options, expired \| shares
Weighted average exercise price per share, expired \| $ / shares
Number of options, exercised \| shares	(250,000)
Weighted average exercise price per share, exercised \| $ / shares	$ 0.07
Number of options, outstanding \| shares	658,760
Weighted average exercise price per share, outstanding \| $ / shares	$ 3.14
Number of options, exercisable \| shares	487,510
Weighted average exercise price per share, exercisable \| $ / shares	$ 4.22

Stock Options (Details Narrative) - USD ($)	9 Months Ended
Stock Options (Details Narrative) - USD ($)	Oct. 31, 2023	Aug. 14, 2023	Jul. 17, 2023	Jun. 22, 2023	Jan. 31, 2023	Jun. 21, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average remaining life, terms	10 years 1 month 17 days
Aggregate intrinsic value	$ 0
Stock options	658,760				313,760
Exercise price		$ 0.0597	$ 0.0588	$ 0.0590
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	$ 0.0419
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	$ 0.0753
Advisor [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options						20,000
Fair value	$ 7,084
Share based compensation	8,248
Unrecognized share based compensation	$ 1,117
Advisor [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	$ 0.047
Advisor [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	$ 0.093
Consultants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grants	120,000

Schedule of Stock Warrants Outstanding (Details) - Warrant [Member]	9 Months Ended
	Oct. 31, 2023 $ / shares shares
Number of warrants, Outstanding \| shares	2,256,070
Weighted average exercise price, Outstanding \| $ / shares	$ 1.08
Number of warrants, Issued \| shares	11,998,743
Weighted average exercise price, Issued \| $ / shares	$ 0.04
Number of warrants, Expired \| shares
Weighted average exercise price, Expired \| $ / shares
Number of warrants, Exercised \| shares
Weighted average exercise price, Exercised \| $ / shares
Number of warrants, Outstanding \| shares	14,254,813
Weighted average exercise price, Outstanding \| $ / shares	$ 0.21
Number of warrants, Exercisable \| shares	13,747,281
Weighted average exercise price, Exercisable \| $ / shares	$ 0.14

Warrants (Details Narrative)	9 Months Ended
Warrants (Details Narrative)	Oct. 31, 2023 USD ($) $ / shares shares
Warrants
Share purchase warrants outstanding	14,254,813
Share purchase warrants exercisable	13,747,281
Warrants weighted average remaining life	2 years 8 months 19 days
Weighted average exercise price of warrant \| $ / shares	$ 0.21
Aggregate intrinsic value \| $	$ 5,850

Schedule of Changes in Fair Value of Derivative Liabilities (Details) - USD ($)	9 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Beginning balance	$ 172,393
Total gains	(160,551)	(490,849)
Settlements	(156,309)	(118,332)
Additions recognized as debt discount	146,368	168,080
Changes due to tainted (untainted) warrants	(1,901)	734,292
Ending balance		293,191
Change in unrealized gains included in earnings relating to derivatives	$ (160,551)	$ (490,849)

Derivative Liabilities (Details Narrative)	9 Months Ended
Derivative Liabilities (Details Narrative)	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Jan. 31, 2023 USD ($)
Derivative [Line Items]
Derivative liabilities			$ 172,393
Amortization of debt discount	$ 197,477	$ 192,931
Derivative Liability [Member]
Derivative [Line Items]
Conversion note description	Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 6% per month
Percentage of exercise price for warrant, description	The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month
Derivative loss	$ 0
Amortization of debt discount	146,368
Interest expense	197,477
Unamortized debt discount	0
Reclassification due to conversion of convertible notes	156,309	118,332
Gain (loss) on derivative liability	160,551	490,849
Reclassification of derivative liability to equity		$ 0
Derivative Liability [Member] \| Convertible Debt [Member]
Derivative [Line Items]
Derivative liabilities	$ 146,368
Measurement Input, Price Volatility [Member] \| Minimum [Member]
Derivative [Line Items]
Fair value assumptions, measurement input, percentages	198
Measurement Input, Price Volatility [Member] \| Maximum [Member]
Derivative [Line Items]
Fair value assumptions, measurement input, percentages	239

Summary of Convertible Promissory Notes (Details) - USD ($)	Oct. 31, 2023	Jan. 31, 2023
Debt Instrument [Line Items]
Convertible note payable		$ 126,384
Less debt discount		(33,760)
Less current portion of convertible notes		(92,624)
Long-term convertible notes payable
Convertible Debt One [Member]
Debt Instrument [Line Items]
Convertible note payable		30,138
Convertible Debt Two [Member]
Debt Instrument [Line Items]
Convertible note payable		45,138
Convertible Debt Three [Member]
Debt Instrument [Line Items]
Convertible note payable		51,108
Convertible Debt Four [Member]
Debt Instrument [Line Items]
Convertible note payable
Convertible Debt Five [Member]
Debt Instrument [Line Items]
Convertible note payable

Summary of Convertible Promissory Notes (Details) (Parenthetical)	9 Months Ended
	Oct. 31, 2023
Convertible Debt One [Member]
Debt Instrument [Line Items]
Debt issuance date	July 2022
Maturity date	July 2023
Convertible Debt Two [Member]
Debt Instrument [Line Items]
Debt issuance date	September 2022
Maturity date	September 2023
Convertible Debt Three [Member]
Debt Instrument [Line Items]
Debt issuance date	November 2022
Maturity date	November 2023
Convertible Debt Four [Member]
Debt Instrument [Line Items]
Debt issuance date	February 2023
Maturity date	February 2024
Convertible Debt Five [Member]
Debt Instrument [Line Items]
Debt issuance date	March 2023
Maturity date	March 2024

Long-term debt and convertible promissory notes (Details Narrative)					1 Months Ended		9 Months Ended
	Mar. 24, 2023 USD ($) Integer	Feb. 03, 2023 USD ($) Integer	Jan. 31, 2023 USD ($)	Jun. 22, 2020 USD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)
Short-Term Debt [Line Items]
Maturity date							Jan. 31, 2024
Amortization of debt discount							$ 197,477	$ 192,931
Long term notes payable			$ 30,618				30,359
SBA's Economic Injury Disaster Loan Program [Member]
Short-Term Debt [Line Items]
Fee amount				$ 100
Proceeds from loans originations				$ 32,300
Line of credit facility interest rate during period				3.75%
Debt instrument term				30 years
Debt instrument periodic payment				$ 158
Premium Finance Agreement [Member]
Short-Term Debt [Line Items]
Interest rate, percentage					12.70%	10.45%
Debt instrument periodic payment					$ 2,909	$ 2,871
Insurance policy premiums					$ 33,500	$ 33,400
Insurance policy premiums description					one year policy period	one year policy period
Insurance financed					$ 24,850	$ 24,750
Convertible Debt [Member]
Short-Term Debt [Line Items]
Debt instrument unamortized discount							17,350	39,575
Amortization of debt discount							146,368	$ 168,080
February 2023 Note [Member]
Short-Term Debt [Line Items]
Face amount		$ 48,675
Interest rate, percentage		8.00%
Debt instrument unamortized discount		$ 4,425
Fee amount		$ 4,250
Maturity date		Feb. 02, 2024
Debt instrument, convertible threshold days \| Integer		180
Debt instrument convertible threshold percentage		75.00%
Debt instrument, convertible threshold days \| Integer		10
March 2023 Note [Member]
Short-Term Debt [Line Items]
Face amount	$ 48,675
Interest rate, percentage	8.00%
Debt instrument unamortized discount	$ 4,425
Fee amount	$ 4,250
Maturity date	Mar. 24, 2024
Debt instrument, convertible threshold days \| Integer	180
Debt instrument convertible threshold percentage	75.00%
Debt instrument, convertible threshold days \| Integer	10
Loans Payable [Member]
Short-Term Debt [Line Items]
Notes payable			35,154				40,946
Long term notes payable			30,618				30,359
Notes payables, current			4,536				10,587
Accrued interest			$ 2,907				$ 3,055

Stockholders’ equity (deficit) (Details Narrative) - USD ($)					3 Months Ended						9 Months Ended
	Aug. 14, 2023	Jul. 17, 2023	Jun. 22, 2023	May 26, 2023	Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022	Jul. 31, 2022	Apr. 30, 2022	Oct. 31, 2023	Oct. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest payable											$ 9,547
Issuance of shares		476,338
Cash proceeds		$ 20,000									999,751	$ 192,030
Fair value of warrants		$ 8,632									$ 319,226
Share price		$ 0.0637
Warrants expiration period		3 years			3 years						3 years
Fair value stock price	$ 0.0658	$ 0.0637	$ 0.0590
Exercise price	$ 0.0597	$ 0.0588	$ 0.0590
Term	10 years	3 years	10 years								3 years
Volatility	172.00%	165.00%	173.00%
Discount rate	4.19%	4.34%	3.90%
Dividend yield	0.00%	0.00%	0.00%								0.00%
Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share based compensation											$ 24,458
Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion price					$ 0.0297						$ 0.0297
Share price					0.0419						0.0419
Fair value stock price					0.04						0.04
Exercise price					0.0419						0.0419
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion price					0.0888						0.0888
Share price					0.0753						0.0753
Fair value stock price					0.0637						0.0637
Exercise price					$ 0.0753						$ 0.0753
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Company issued common stock for conversions					2,725,574	1,690,073	1,251,270	904,961	539,895	144,304	5,666,917
Company issued value common stock for conversions											$ 223,733
Number of shares of common stock		1
Common Stock [Member] \| Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of shares				978,300
Shares issued				978,300

Commitments and contingencies (Details Narrative)	9 Months Ended
Commitments and contingencies (Details Narrative)	Oct. 31, 2023 USD ($) a $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Payments for rent	$ 165
Lease Due Date	Sep. 01, 2023
AZMEP [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Project validity description	AZ MEP permits cost $500 per permit per year in non-refundable filing fees and are valid for 1 year and renewable for up to 5 years
AZMEP [Member] \| Phase One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Minimum work expenditure requirements	$ 27,264
AZMEP [Member] \| First Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Rental fee per acre \| $ / shares	$ 2.00
AZMEP [Member] \| Three Through Five Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Rental fee per acre \| $ / shares	$ 1.00
Minimum work expenditure requirements	$ 20
AZMEP [Member] \| Second Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Minimum work expenditure requirements	$ 10
Tombstone Project [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Project validity description	The rentals due by September 1, 2023 for the period from September 1, 2023 through September 1, 2024 of $15,345 have been paid
Accrued Rent	$ 15,345
Area of land \| a	12,878.18
Tombstone Region of Arizona [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Payments for rent	$ 105

Subsequent Events (Details Narrative) - USD ($)						9 Months Ended
Subsequent Events (Details Narrative) - USD ($)	Nov. 20, 2023	Nov. 16, 2023	Nov. 09, 2023	Sep. 19, 2023	Jul. 17, 2023	Oct. 31, 2023
Subsequent Event [Line Items]
Issuance of shares					476,338
Shares issued price per share					$ 0.0637
Board of Directors Chairman [Member]
Subsequent Event [Line Items]
Issuance of shares						23,521,147
Common Class A [Member] \| Board of Directors Chairman [Member]
Subsequent Event [Line Items]
Issuance of shares				199,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Share based compensation granted		1,550,000
Options expiration period	3 years	10 years
Exercise price		$ 0.04
Compensation payment	$ 4,000
Field work	$ 300
Subsequent Event [Member] \| Consultant [Member]
Subsequent Event [Line Items]
Share based compensation granted	10,000
Subsequent Event [Member] \| Share-Based Payment Arrangement, Option [Member]
Subsequent Event [Line Items]
Share based compensation granted	4,000
Subsequent Event [Member] \| Common Class A [Member] \| Board of Directors Chairman [Member]
Subsequent Event [Line Items]
Issuance of shares			250,000
Stock issued during value			$ 9,525
Shares issued price per share			$ 0.0381
Voting rights, description			Prior to issuance of the Class A Common Stock on November 9, 2023, the Company held 250,000 Class A shares with 200 votes each for 50,000,000 votes, and now the total held for Class A shares is 500,000 with 200 votes each or a total of 100,000,000 votes.

Liberty Star Uranium and... (QB) (USOTC:LBSR)
過去株価チャート
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Liberty Star Uranium and... (QB) (USOTC:LBSR)
過去株価チャート
から 3 2024 まで 3 2025

Schedule of Stock Warrants Outstanding (Details) - Warrant [Member]	9 Months Ended
	Oct. 31, 2023 $ / shares shares
Number of warrants, Outstanding \| shares	2,256,070
Weighted average exercise price, Outstanding \| $ / shares	$ 1.08
Number of warrants, Issued \| shares	11,998,743
Weighted average exercise price, Issued \| $ / shares	$ 0.04
Number of warrants, Expired \| shares
Weighted average exercise price, Expired \| $ / shares
Number of warrants, Exercised \| shares
Weighted average exercise price, Exercised \| $ / shares
Number of warrants, Outstanding \| shares	14,254,813
Weighted average exercise price, Outstanding \| $ / shares	$ 0.21
Number of warrants, Exercisable \| shares	13,747,281
Weighted average exercise price, Exercisable \| $ / shares	$ 0.14

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