Item 1.01 Entry into a Material Definitive Agreement
On January 11, 2021 Liberty Star Uranium & Metals Corp. ("we" or the "Company")
entered into an Assignment Agreement with Power Up Lending Group LTD
("Assignor"), Redstart Holdings Corp. ("Investor"), whereby we consented to an
assignment of a convertible promissory note (the "Note") dated October 20, 2020
held by Power Up Lending Group Ltd. to Redstart Holdings Corp. whereby it was
agreed that Assignor would assign all of its right, title and interest in and to
the Note to Investor .The total amount outstanding under the Note as of the date
of the assignment was $95,077.97 with a principal balance of $93,500.00 and
Accrued Interest of $1,577.97 due and owing by the Company; the Note matures on
September 1, 2021. The consideration for the aforementioned assignment was
$95,077.97 paid by Investor to Assignor. Pursuant to the terms of the Note, the
outstanding principal and accrued interest on the Note may be converted into
shares of the Company's common stock as set forth therein by Redstart Holdings
Corp.
Item 9.01 Financial Statements and Exhibits.
Exhibits Document Description
10.1 Assignment from Power Up Lending Group LTD to Redstart Holdings
Corp.
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LIBERTY STAR URANIUM & METALS CORP. 
