Fri, Jun 14, 8:31 PM (85 days ago)
Liberty Star Uranium & Metals Corp. reported a net income of $311,381 for the quarter ended April 30, 2024, compared to a net loss of $118,579 for the same period in 2023, primarily due to changes in derivative liability. The company saw significant increases in geological and geophysical expenses and general administrative costs, while professional services costs decreased. Interest expenses also dropped significantly. The company had no revenues and continued to face substantial risks and uncertainties, including the need for further financing to sustain operations. The company reported a working capital deficit and used $435,713 in operating activities. Financing activities provided $375,000, mainly from convertible promissory notes and related party loans. The company highlighted ongoing exploration projects and noted substantial risks related to its ability to continue as a going concern.