LIG Assets, Inc. (OTCQB: LIGA) provided an operational update on its calcium mining interests in Marianna, Florida, announcing efforts to prepare an SEC Regulation S-K Subpart 1300 technical report summary (SK-1300) to validate and enhance the value of its mining assets. The initiative aims to define mineral resources, reserves, and economic potential, building on a 2009 appraisal that estimated the calcium reserves at approximately $400 million when calcium products were valued at about $8.50 per ton.
According to the company, market prices, industrial demand, infrastructure needs, agricultural applications, and specialty calcium product opportunities have significantly increased since the prior valuation. Management believes a modern SK-1300 report could provide updated reserve validation, operational analysis, and transparency regarding the underlying asset value. However, no assurances can be given regarding conclusions, valuation ranges, or economic outcomes from any completed report or third-party analysis.
In addition to technical work, LIG Assets is evaluating strategic transactions and operational opportunities to strengthen its revenue base and long-term financial position. Several potential transactions are under review, with updates anticipated as developments progress. The company stated its focus remains on building long-term shareholder value through strategic asset development and disciplined growth initiatives.
Management emphasized that obtaining updated technical analysis and reserve validation through the SK-1300 process is an important step in communicating the potential significance of its calcium mining assets. LIG Assets continues to focus on mining, land reclamation, environmental technologies, and resource-related operations where undervalued assets and operational improvements may create future value.
The company intends to update shareholders on operational milestones, acquisitions, technical reports, revenue initiatives, and material developments as information becomes available. This press release contains forward-looking statements subject to risks and uncertainties, including market conditions, regulatory approvals, commodity pricing, and operational risks. For more information, visit the company's website at www.LIGAssets.net or follow on social media at www.X.com/LIGAssets.
