LIBERTY STAR URANIUM & METALS Business Summary

Liberty Star Uranium & Metals Corp. (LBSR) is an exploration-stage mineral resource company focused on the acquisition and evaluation of high-potential critical metal properties in the Southwestern United States. The company’s business model centers on the "exploration-to-discovery" phase, utilizing advanced geophysical modeling and geochemical surveys to identify large-scale porphyry copper, gold, molybdenum, and uranium deposits, primarily at its flagship Hay Mountain Project and Red Rock Canyon Gold Project in Arizona. LBSR currently generates no revenue from mineral production, instead focusing its business segments on de-risking assets to attract joint venture (JV) partners or strategic buyers. In late 2025, the company launched American Strategic Minerals LLC to specifically target partnership opportunities within the U.S. defense and technology supply chains. In the competitive landscape of Arizona-based exploration, LBSR sits alongside peers such as Arizona Sonoran Copper Company, Gungnir Resources, and Goldrea Resources, positioning itself as a high-leverage geological play focused on domestic resource independence and national security-aligned critical minerals. The company is led by Chairman Pete O’Heeron, a corporate strategist with extensive experience in enterprise growth, and Patricia Madaris, who serves as the CFO and Acting CEO. Madaris, an accounting veteran who joined the firm in 2011, manages the company’s financial planning, regulatory filings, and capital acquisition strategies. The leadership team was further strengthened in December 2025 with the appointment of Matt Westbrook to the Board of Directors; Westbrook brings a specialized background in critical minerals development and deep ties to the U.S. defense and intelligence communities. Technical operations are overseen by founder and Chief Geologist James A. Briscoe, a professional geologist with over 50 years of experience in Southwest porphyry systems. This leadership structure balances Briscoe’s technical legacy with a modern executive focus on securing federal engagement and institutional investment to advance its Arizona-based mineral portfolio.