Item 1.01. Entry into a Material Definitive Agreement.

As of January 27, 2020, Liberty Star Uranium & Metals Corp. (the "Company") entered into a Securities Purchase Agreement (the "Securities Purchase Agreement") with Power Up Lending Group Ltd. ("Power Up"). Pursuant to the terms of the Securities Purchase Agreement, the Company agreed to issue a convertible promissory note (the "Note") to Power Up in the aggregate principal amount of $39,600. Effective January 27, 2020 the Company issued the Note to Power Up consistent with the terms of the Securities Purchase Agreement. The Note bears interest at 8% with a 10% Original Issue Discount and matures on November 15, 2020. Pursuant to the terms of the Note, the outstanding principal and accrued interest on the Note shall 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 10.1 and 10.2 respectively to this Current Report on Form 8-K, and of which are incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

The exhibits listed in the following Exhibit Index are furnished as part of this Current Report on Form 8-K.





Exhibit No.   Description

10.1            Convertible Promissory Note issued to Power Up Lending Group Ltd.
              dated January 27, 2020.

10.2            Securities Purchase Agreement dated as of January 27, 2020, by and
              between the registrant and Power Up Lending Group Ltd.

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