LIG Assets, Inc. has executed a definitive agreement to acquire land in Northwest Florida for mining limestone aggregates and high-quality, ultra-pure calcium carbonate. The transaction follows a letter of intent disclosed several months ago and represents a strategic move by the company to diversify its portfolio across multiple industries.
The property, located in Florida's northern panhandle, is expected to support production of construction aggregates including road base materials, as well as agricultural lime used to reduce soil acidity. According to the company, the site also presents future potential for expansion into the ultra-pure calcium carbonate market, which serves medical, agricultural, and industrial applications. These end uses include antacids and calcium supplements, construction materials, paper and paint products, and consumer goods such as toothpaste, cleaning agents, and food additives.
In connection with the transaction, LIG Assets transferred $500,000 to the seller to secure exclusive rights to the entire acreage. Additional details regarding the transaction will be disclosed at a later date. The acquisition represents a significant milestone in LIG Assets' strategic diversification efforts and expands the company's portfolio across agriculture, construction, and industrial markets.
Allan Gillis, Chief Executive Officer of LIG Assets, stated that the company would have preferred to delay issuing a press release as the transaction remains fluid, but current regulations require disclosure of material events within four days. The company is pursuing an asset acquisition strategy and targeting positive operational cash flow in 2026, positioning itself for potential uplisting to a minimum of QB and/or QX status. Since management transitioned in April 2017, LIGA has generated almost $25 million in deposited revenues.
This acquisition matters because it positions LIG Assets to capitalize on growing demand for construction materials in Florida's development markets while establishing a foothold in the specialized calcium carbonate sector. The ultra-pure calcium carbonate market represents significant expansion potential beyond traditional aggregates, with applications ranging from healthcare products to industrial manufacturing. For investors, this move signals LIG Assets' commitment to strategic growth through targeted acquisitions in middle-market industrial sectors. The company's detailed filings are available at https://www.otcmarkets.com/stock/LIGA/overview.
