O.k., maybe I was just mixed up about what's in the pot.  Help me here.

LSC already exists to hold Hay Mountain apart from the rest of the company.  It is now a subsidiary of the newly registered LSM.  LBSR, as a Nevada registered corporation, is going bye-bye, though the stock trading symbol for LSM will remain LBSR. 

In other words, merely a change in DBA.  Does that about sum it up?

Sorry for adding to the confusion.