LIG Assets, Inc. (OTCQB: LIGA) has announced an operational update regarding its calcium mining interests in the Marianna, Florida region, focusing on a potential SEC Regulation S-K Subpart 1300 technical report summary (SK-1300) to validate and enhance the value of its mining assets. The company is collaborating with industry professionals and consultants to prepare the report, which aims to define mineral resources, reserves, operational potential, and overall economic value.
A prior appraisal from 2009 estimated the calcium reserves at approximately $400 million, based on calcium products valued at $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 is expected to provide updated reserve validation, operational analysis, and enhanced transparency regarding the asset's underlying value. However, the company cautions that no assurance can be given about the conclusions, valuation ranges, or economic outcomes.
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 and business initiatives are under review, with updates anticipated as developments progress. Management emphasized a focus on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives. The company believes 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 pursue opportunities in 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 regarding valuations, reserve estimates, revenues, opportunities, market conditions, and strategic initiatives, subject to risks and uncertainties. Actual results may differ materially due to factors including market conditions, regulatory approvals, commodity pricing, operational risks, financing conditions, and due diligence findings.
More information about LIG Assets can be found at www.LIGAssets.net and on social media at www.X.com/LIGAssets. The original release is available at www.newmediawire.com.
