LIG Assets, Inc. (OTCQB: LIGA) announced it is progressing with preparations for a technical report summary under SEC Regulation S-K Subpart 1300 (SK-1300) for its calcium mining assets in Marianna, Florida. The company is collaborating with industry professionals and consultants to define and validate mineral resources, reserves, operational potential, and overall economic value of the calcium carbonate mine.
A prior appraisal from 2009 valued the calcium reserves at approximately $400 million when calcium products were priced at about $8.50 per ton. Since then, market prices, industrial demand, agricultural applications, and specialty calcium product opportunities have significantly increased, leading management to believe the current valuation is substantially higher. The SK-1300 report aims to provide updated reserve validation, operational analysis, and enhanced transparency regarding the asset's underlying value.
Management emphasized that no assurance can be given regarding the conclusions, valuation ranges, or economic outcomes from the report. However, the company views this step as crucial for communicating the potential significance of its mining assets to shareholders. Alongside the technical work, LIG Assets is evaluating strategic transactions and operational opportunities to strengthen its revenue base and long-term financial position.
“Our focus remains on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives,” stated management. The company continues to explore opportunities in mining, land reclamation, environmental technologies, and resource-related operations where undervalued assets and operational improvements may create value.
LIG Assets intends to update shareholders on operational milestones, acquisitions, technical reports, and material developments as information becomes available. For more details, visit the company's website at www.LIGAssets.net and follow on social media at www.X.com/LIGAssets. The original press release can be viewed at www.newmediawire.com.
