14 Aug 2026debt financing▼ Bad
Returned to third-party lending, taking a $73,700 convertible note from 1800 Diagonal Lending -- its most frequent lender since mid-2022 -- at 8% interest with a 10% original issue discount, maturing May 2027.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 June 2026debt financing▼ Bad
Liberty Star took a further $73,700 convertible note from 1800 Diagonal Lending in June 2026, its most recent financing in a pattern of small convertible notes that has now run for more than a decade.
1 June 2026debt financing▼ BadMajor
Liberty Star added Monroe Street Capital Partners as a new lender, borrowing $123,200 in May 2026 — another large note similar in size to last year's Labrys and FirstFire notes.
21 Apr 2026debt financing▼ Bad
Liberty Star took a $73,700 convertible note from 1800 Diagonal Lending in April 2026, its financing pattern unchanged after more than three years with this lender.
11 Mar 2026debt financing▼ Bad
Liberty Star added EFRAT Investments as a new $110,000 convertible-note lender in March 2026, on the same 8%-plus-10%-OID terms it has used with most of its recent lenders.
16 Jan 2026debt financing▼ Bad
Liberty Star took a $73,700 convertible note from 1800 Diagonal Lending in January 2026, continuing its years-long pattern with that lender into the new year.
2 Dec 2025debt financing▼ Bad
Liberty Star took another $70,400 note from 1800 Diagonal Lending in November 2025, essentially identical to October's.
23 Oct 2025debt financing▼ Bad
Liberty Star took a $70,400 convertible note from 1800 Diagonal Lending in October 2025, its financing pattern continuing unchanged.
22 Sept 2025debt financing▼ Bad
Liberty Star took a $74,250 convertible note from new lender Jefferson Street Capital in September 2025, adding yet another name to its long rotating list of small noteholders.
29 Aug 2025debt financing▼ BadMajor
Liberty Star took another large $137,500 note two weeks later, this time from new lender FirstFire Global Opportunities Fund, on the same terms as the Labrys note — its financing needs clearly stepping up in size.
13 Aug 2025debt financing▼ BadMajor
Liberty Star added Labrys Fund II as a new convertible-note lender, borrowing $137,500 — its largest single note in years — at 8% with a 10% discount.
17 July 2025debt financing▼ Bad
Liberty Star took a $79,200 convertible note from 1800 Diagonal Lending in July 2025, continuing its now years-long reliance on that lender.
5 June 2025debt financing▼ Bad
Liberty Star borrowed another $73,700 from 1800 Diagonal, receiving $67,000 after the 10% upfront discount and paying 8% interest; from late November the lender may take shares instead of cash at 25% below market, so the real cost lands on existing shareholders as dilution - the same pattern as its earlier notes.
28 May 2025capital raising announcement● Neutral
O'Heeron made a second personal stock purchase, $236,868 at $0.0742/share, continuing to personally fund the company.
2 May 2025debt financing▼ Bad
Liberty Star took an $89,650 convertible note from 1800 Diagonal Lending in April 2025, continuing its dependence on that lender even as insider advances also kept flowing.
13 Mar 2025debt financing▼ Bad
Liberty Star took a $61,600 convertible note from 1800 Diagonal Lending in March 2025, back to standard convertible terms after several months of the costlier fixed-repayment notes.
4 Mar 2025capital raising announcement● NeutralMajor
Chairman Pete O'Heeron personally bought $277,260 of common stock and warrants at $0.09/share (a 10% discount to market) -- officer cash is now directly funding operations via ordinary stock purchases, not just loans or Class A control shares.
13 Jan 2025debt financing▼ BadMajor
Liberty Star disclosed it is now running on cash advances from its own officers and staff: CFO and Interim CEO Patricia Madaris advanced over $124,000, Chairman O'Heeron $20,000 and Field Operations Manager Jay Crawford $9,000, totaling nearly $154,000 for the quarter — confirming a leadership change (Madaris now interim CEO) and a company kept running almost entirely on insider cash.
9 Dec 2024debt financing▼ Bad
Liberty Star took a $67,200 bridge note from 1800 Diagonal Lending in December 2024, its financing dependence on that single lender continuing into year-end.
25 Oct 2024debt financing▼ Bad
Liberty Star took another $97,200 note from 1800 Diagonal Lending in October 2024, its largest from that lender under the newer fixed-repayment structure.
1 Oct 2024material agreement● NeutralMajor
Liberty Star lined up yet another equity line, this one letting GHS Investments buy up to $10 million of its stock in monthly draws — a new counterparty replacing its now-lapsed Tangiers and Triton facilities as its standing option for dilutive equity financing.
11 Sept 2024debt financing▼ BadMajor
Chairman Peter O'Heeron advanced Liberty Star a further $150,000 in August 2024, describing himself as the company's majority shareholder actively supporting its cash needs — insider funding now a core, recurring part of how the company stays afloat.
6 Sept 2024debt financing▼ Bad
Liberty Star took another $67,200 note from 1800 Diagonal Lending in August 2024 on its now-standard fixed-repayment terms, even as it was also relying on Chairman O'Heeron's personal loans to fund exploration.
9 July 2024debt financing▼ Bad
Chairman Peter O'Heeron loaned Liberty Star another $70,000 in July 2024, his sixth personal loan to the company since the start of the year.
9 July 2024drilling result▲ GoodMajor
The first channel-sampling results from the new Red Rock Canyon drilling program came back strong: over 30% of 23 sampled jasperoid lenses graded above 1.5 g/t gold, with individual samples as high as 85.8 g/t — the best evidence yet that the multi-year Red Rock Canyon gold thesis is real, and a direct payoff from the drilling contract signed in November 2023.
18 June 2024debt financing▼ Bad
Liberty Star took another $79,200 note from 1800 Diagonal Lending in June 2024 on the same costlier fixed cash-repayment terms it started using in February.
23 May 2024auditor change▼ Bad
Liberty Star dismissed Turner Stone & Company and hired M&K CPAS as its new auditor; Turner's reports had again flagged going-concern doubt and internal-control material weaknesses, unresolved issues carried over from the prior auditor switch.
21 May 2024debt financing▼ Bad
Chairman Peter O'Heeron advanced Liberty Star another $67,000 in May 2024 across two cash advances, his fifth personal loan to the company since January.
2 May 2024debt financing▼ Bad
Chairman Peter O'Heeron loaned Liberty Star another $45,000 in May 2024, continuing to personally fund the company's exploration expenses.
4 Apr 2024debt financing▼ Bad
Chairman Peter O'Heeron loaned Liberty Star a further $75,000 in April 2024, his third personal loan to the company in three months.