Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

As of August 30, 2024, Liberty Star Uranium & Metals Corp. (the "Company") entered into an unsecured interest-bearing Promissory Note with 1800 Diagonal Lending LLC. ("1800 Diagonal"). Pursuant to the terms of the Agreement, the Company issued a promissory note (the "Note") to 1800 Diagonal in the principal amount of $67,200. Effective August 28, 2024, the Company issued the Note to 1800 Diagonal consistent with the terms of the Note, and default Securities Purchase Agreement. The Note bears interest at 10%, with a 16.67% Original Issue Discount and matures on May 30, 2025. Pursuant to the terms of the Note, the outstanding principal and accrued interest on the Note shall be paid in 4 set monthly cash payments beginning six months from the effective date. The note may be prepaid with no penalty. The note allows an event of default which may be convertible into shares of the Company's common stock as set forth therein.

The foregoing descriptions of the Note and the Securities Purchase Agreement and of all of the parties' rights and obligations under the Note and the Securities Purchase Agreement are qualified in its entirety by reference to the Note and the Securities Purchase Agreement, copies of which are filed as Exhibits 3.50 and 3.51 respectively to this Current Report on Form 8-K, and of which are incorporated herein by reference.