Liberty Star Uranium & Metals Corp.

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On February 18, 2020, our former CEO and his spouse ​(the “Counterclaimants”) filed a First Amended Answer: First Amended Complaint and Counterclaim with the Superior Court of Arizona seeking dismissal of the Company’s complaint and reimbursement of Counterclaimants’ attorney fees incurred related to the matter. Additionally, the counterclaim alleges breach of contract by the Company and requests reimbursement of amounts loaned to the Company by our former CEO and his spouse, along with reimbursement of attorney fees. The Company ​believes these counterclaims are without merit and will aggressively defend them, and believes no unfavorable outcome or material effect on our consolidated financial statements will result.

 

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