LIG Assets, Inc. (OTCQB: LIGA) provided an operational update on Thursday regarding its calcium mining interests in the Marianna, Florida region and its efforts to enhance the value of its mining assets through a technical report.
The company is working with industry professionals to prepare a technical report summary under SEC Regulation S-K Subpart 1300 (SK-1300). The report aims to define and validate the mineral resources, reserves, operational potential, and economic value of the company's calcium carbonate mining assets.
A prior appraisal from 2009 estimated the calcium reserves at approximately $400 million, with calcium products valued at roughly $8.50 per ton. Since then, management believes market prices, industrial demand, infrastructure needs, agricultural applications, and specialty calcium product opportunities have significantly increased, potentially boosting the mine's valuation.
Management believes that a modern SK-1300 technical report could provide updated reserve validation, operational analysis, and transparency regarding the asset's underlying value. However, no assurance can be given about the conclusions, valuation ranges, or economic outcomes that may result from the completed report.
In addition to the technical work, the company is evaluating strategic transactions and operational opportunities that could strengthen its revenue base and long-term financial position. Several potential transactions are under review, and management expects to provide updates as developments occur.
“Our focus remains on building long-term shareholder value through strategic asset development, operational improvements, and disciplined growth initiatives,” management stated. “The Company believes that obtaining updated technical analysis and reserve validation through the SK-1300 process represents an important step in communicating the potential significance of our calcium mining assets.”
LIG Assets continues to focus on mining, land reclamation, environmental technologies, and resource-related operations where it sees undervalued assets and potential for future value creation.
More information is available on the company's website at www.LIGAssets.net and on social media at www.X.com/LIGAssets. The original press release can be viewed on www.newmediawire.com.
