LIG Assets, Inc. (OTCQB: LIGA) announced on January 21, 2026, that it has entered into a definitive agreement to acquire a tract of land in Northwest Florida for mining limestone aggregates and high-quality, ultra-pure calcium carbonate. The acquisition follows a previously disclosed letter of intent executed several months ago and represents a strategic diversification effort for the company.
The property, located in Florida’s northern panhandle, is expected to support the production of construction aggregates, including road base materials, and agricultural lime (ag-lime) used to reduce soil acidity. Additionally, the site offers future potential for expansion into the ultra-pure calcium carbonate market, which serves medical, agricultural, and industrial applications. These end uses include antacids, calcium supplements, construction materials, paper and paint products, and common consumer goods such as toothpaste, cleaning agents, and food additives.
In connection with the transaction, LIG Assets has transferred $500,000 to the seller to secure exclusive rights to the entire acreage. Further details regarding the transaction will be disclosed at a later date. Allan Gillis, Chief Executive Officer of LIG Assets, stated, “We would have preferred to delay issuing a press release, as this transaction remains fluid and there is much more to come. However, current regulations require the disclosure of material events within four days, which necessitated this announcement.”
The acquisition is a significant milestone in LIG Assets’ strategic diversification efforts and expands the company’s portfolio across agriculture, construction, and industrial markets. Since management transitioned in April 2017, LIGA has generated nearly $25 million in deposited revenues and is streamlining operations, leveraging new sales partnerships and joint ventures, pursuing an asset acquisition strategy, and targeting positive operational cash flow in 2026. The company is positioning itself for a potential uplisting to at least QB and/or QX status.
Forward-looking statements in this release are based on current expectations and subject to risks detailed in the company’s filings available at https://www.otcmarkets.com/stock/LIGA/overview. The original release can be viewed on www.newmediawire.com.
