Liberty Star Uranium & Metals (LBSR) executive discloses 5.42% equity stake
Rhea-AI Filing Summary
Liberty Star Uranium & Metals Corp. disclosed that insider Patricia Madaris beneficially owns 4,876,487 common shares, representing 5.42% of the company’s outstanding stock. This percentage is based on 86,743,909 common shares issued and outstanding. Her beneficial ownership includes 2,391,481 options and 778,386 warrants that are exercisable within 60 days, which are counted in the total. Madaris has sole voting power over all 4,876,487 shares and reports that the holdings were acquired with personal funds for investment purposes.
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Insights
Filings show a 5.42% insider stake built with personal funds for investment.
The disclosure states that Patricia Madaris, who serves as CFO, VP Finance and Acting CEO of Liberty Star Uranium & Metals Corp., beneficially owns 4,876,487 common shares. This represents 5.42% of the 86,743,909 common shares issued and outstanding, crossing the 5% threshold that triggers a Schedule 13D filing.
The filing explains that this position is held for investment and funded with personal funds, indicating a significant personal financial commitment by a senior executive. The ownership includes 2,391,481 options and 778,386 warrants that are exercisable within 60 days and therefore counted in the beneficial ownership total.
The filing notes that Madaris has sole voting power over the 4,876,487 shares, with no shared voting or dispositive power disclosed. Future changes in this stake or additional governance disclosures in later filings may further clarify how this ownership position relates to long-term corporate strategy.