LIG Assets, Inc. (OTCQB: LIGA) has provided an operational update on its calcium mining interests in Marianna, Florida, and its efforts to validate the value of these assets through a potential SEC Regulation S-K Subpart 1300 technical report summary (SK-1300). The company is working with industry professionals to prepare the report, which aims to define and validate mineral resources, reserves, operational potential, and economic value of the calcium carbonate mining assets.
A prior appraisal from 2009 estimated the calcium reserves at approximately $400 million, with calcium products valued at about $8.50 per ton. Since then, market prices, industrial demand, infrastructure needs, agricultural applications, and specialty calcium product opportunities have significantly increased, leading management to believe the mine's valuation has greatly risen. The SK-1300 report is expected to provide updated reserve validation, operational analysis, and enhanced transparency regarding the asset's underlying value. However, no assurance can be given on the conclusions, valuation ranges, or reserve classifications that may result from the report.
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 emphasized its focus on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives. The SK-1300 process is seen as an important step in communicating the significance of the 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, and material developments as information becomes available. For more details, refer to the original release on NewMediaWire and the company's profile on OTC Markets.
