LIG Assets, Inc. (OTCQB: LIGA) provided an operational update on its calcium mining interests near Marianna, Florida, and its efforts to validate and enhance the value of its mining assets through a potential SEC Regulation S-K Subpart 1300 technical report summary (SK-1300). The company is working with industry professionals to define mineral resources, reserves, and economic potential of its calcium carbonate assets.
A 2009 appraisal estimated the calcium reserves at approximately $400 million when calcium products were valued at about $8.50 per ton. Since then, market prices, industrial demand, infrastructure needs, agricultural applications, and specialty calcium product opportunities have increased significantly, leading management to believe the mine's valuation has greatly increased. The SK-1300 report aims to provide updated reserve validation, operational analysis, and transparency, though no assurance can be given regarding the conclusions or valuation ranges.
In addition to the 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, and the company anticipates providing updates as developments progress. Management stated, "Our focus remains on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives."
LIG Assets continues to focus on mining, land reclamation, environmental technologies, and resource-related operations. The company will update shareholders on operational milestones, acquisitions, technical reports, and revenue initiatives as information becomes available. For more details, visit the company's profile on OTC Markets or its website at www.LIGAssets.net.
